<br />
FY 2020<br />
State Bar of Michigan<br />
Annual Financial Report<br />
Audited Financial Statements and<br />
Supplementary Information<br />
Year Ended September 30, 2020<br />
With Report of Independent Auditors<br />
Audited Financial Statements<br />
and Other Supplementary Information<br />
State Bar of Michigan<br />
Year Ended September 30, 2020<br />
with Report of Independent Auditors<br />
State Bar of Michigan<br />
Audited Financial Statements<br />
and Other Supplementary Information<br />
Year Ended September 30, 2020<br />
Contents<br />
Introductory Section<br />
Transmittal Letter...............................................................................................................................1<br />
Overview of the State Bar of Michigan .............................................................................................2<br />
Hi<a title="SBM_AnnualFinancialReport2020 page 1" href="http://viewer.zmags.com/publication/9449e52a?page=1"> FY 2020 State Bar of Mi</a>
<a title="SBM_AnnualFinancialReport2020 page 2" href="http://viewer.zmags.com/publication/9449e52a?page=2"> Audited Financial Statements and Other Su</a>
<a title="SBM_AnnualFinancialReport2020 page 3" href="http://viewer.zmags.com/publication/9449e52a?page=3"> State Bar of Michigan Audited Financial </a>
<a title="SBM_AnnualFinancialReport2020 page 4" href="http://viewer.zmags.com/publication/9449e52a?page=4"> Other Supplementary Information Schedule of Reve</a>
<a title="SBM_AnnualFinancialReport2020 page 5" href="http://viewer.zmags.com/publication/9449e52a?page=5"> Introductory Section</a>
<a title="SBM_AnnualFinancialReport2020 page 6" href="http://viewer.zmags.com/publication/9449e52a?page=6"> December 9, 2020 Honorable Bridget Mary McCormac</a>
<a title="SBM_AnnualFinancialReport2020 page 7" href="http://viewer.zmags.com/publication/9449e52a?page=7"> State Bar of Michigan | ANNUAL FINANCIAL REPORT F</a>
<a title="SBM_AnnualFinancialReport2020 page 8" href="http://viewer.zmags.com/publication/9449e52a?page=8"> State Bar of Michigan | ANNUAL FINANCIAL REPORT F</a>
<a title="SBM_AnnualFinancialReport2020 page 9" href="http://viewer.zmags.com/publication/9449e52a?page=9"> State Bar of Michigan | ANNUAL FINANCIAL REPORT F</a>
<a title="SBM_AnnualFinancialReport2020 page 10" href="http://viewer.zmags.com/publication/9449e52a?page=10"> State Bar of Michigan | ANNUAL FINANCIAL REPORT F</a>
<a title="SBM_AnnualFinancialReport2020 page 11" href="http://viewer.zmags.com/publication/9449e52a?page=11"> State Bar of Michigan | ANNUAL FINANCIAL REPORT F</a>
<a title="SBM_AnnualFinancialReport2020 page 12" href="http://viewer.zmags.com/publication/9449e52a?page=12"> State Bar of Michigan | ANNUAL FINANCIAL REPORT F</a>
<a title="SBM_AnnualFinancialReport2020 page 13" href="http://viewer.zmags.com/publication/9449e52a?page=13"> State Bar of Michigan | ANNUAL FINANCIAL REPORT F</a>
<a title="SBM_AnnualFinancialReport2020 page 14" href="http://viewer.zmags.com/publication/9449e52a?page=14"> State Bar of Michigan | ANNUAL FINANCIAL REPORT F</a>
<a title="SBM_AnnualFinancialReport2020 page 15" href="http://viewer.zmags.com/publication/9449e52a?page=15"> State Bar of Michigan | ANNUAL FINANCIAL REPORT F</a>
<a title="SBM_AnnualFinancialReport2020 page 16" href="http://viewer.zmags.com/publication/9449e52a?page=16"> State Bar of Michigan | ANNUAL FINANCIAL REPORT F</a>
<a title="SBM_AnnualFinancialReport2020 page 17" href="http://viewer.zmags.com/publication/9449e52a?page=17"> State Bar of Michigan | ANNUAL FINANCIAL REPORT F</a>
<a title="SBM_AnnualFinancialReport2020 page 18" href="http://viewer.zmags.com/publication/9449e52a?page=18"> Financial Section</a>
<a title="SBM_AnnualFinancialReport2020 page 19" href="http://viewer.zmags.com/publication/9449e52a?page=19"> Report of Independent Auditors To the Board of </a>
<a title="SBM_AnnualFinancialReport2020 page 20" href="http://viewer.zmags.com/publication/9449e52a?page=20"> Opinions In our opinion, the financial statement</a>
<a title="SBM_AnnualFinancialReport2020 page 21" href="http://viewer.zmags.com/publication/9449e52a?page=21"> We also previously audited, in accordance with au</a>
<a title="SBM_AnnualFinancialReport2020 page 22" href="http://viewer.zmags.com/publication/9449e52a?page=22"> State Bar of Michigan Management's Discussion an</a>
<a title="SBM_AnnualFinancialReport2020 page 23" href="http://viewer.zmags.com/publication/9449e52a?page=23"> State Bar of Michigan Management's Discussion an</a>
<a title="SBM_AnnualFinancialReport2020 page 24" href="http://viewer.zmags.com/publication/9449e52a?page=24"> State Bar of Michigan Management's Discussion an</a>
<a title="SBM_AnnualFinancialReport2020 page 25" href="http://viewer.zmags.com/publication/9449e52a?page=25"> State Bar of Michigan Management's Discussion an</a>
<a title="SBM_AnnualFinancialReport2020 page 26" href="http://viewer.zmags.com/publication/9449e52a?page=26"> State Bar of Michigan Management's Discussion an</a>
<a title="SBM_AnnualFinancialReport2020 page 27" href="http://viewer.zmags.com/publication/9449e52a?page=27"> State Bar of Michigan Management's Discussion an</a>
<a title="SBM_AnnualFinancialReport2020 page 28" href="http://viewer.zmags.com/publication/9449e52a?page=28"> State Bar of Michigan Management's Discussion an</a>
<a title="SBM_AnnualFinancialReport2020 page 29" href="http://viewer.zmags.com/publication/9449e52a?page=29"> Basic Financial Statements</a>
<a title="SBM_AnnualFinancialReport2020 page 30" href="http://viewer.zmags.com/publication/9449e52a?page=30"> Assets Current assets: Cash for operations Inv</a>
<a title="SBM_AnnualFinancialReport2020 page 31" href="http://viewer.zmags.com/publication/9449e52a?page=31"> State Bar of Michigan Statement of Revenue, Expe</a>
<a title="SBM_AnnualFinancialReport2020 page 32" href="http://viewer.zmags.com/publication/9449e52a?page=32"> State Bar of Michigan Statement of Cash Flows Y</a>
<a title="SBM_AnnualFinancialReport2020 page 33" href="http://viewer.zmags.com/publication/9449e52a?page=33"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 34" href="http://viewer.zmags.com/publication/9449e52a?page=34"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 35" href="http://viewer.zmags.com/publication/9449e52a?page=35"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 36" href="http://viewer.zmags.com/publication/9449e52a?page=36"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 37" href="http://viewer.zmags.com/publication/9449e52a?page=37"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 38" href="http://viewer.zmags.com/publication/9449e52a?page=38"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 39" href="http://viewer.zmags.com/publication/9449e52a?page=39"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 40" href="http://viewer.zmags.com/publication/9449e52a?page=40"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 41" href="http://viewer.zmags.com/publication/9449e52a?page=41"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 42" href="http://viewer.zmags.com/publication/9449e52a?page=42"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 43" href="http://viewer.zmags.com/publication/9449e52a?page=43"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 44" href="http://viewer.zmags.com/publication/9449e52a?page=44"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 45" href="http://viewer.zmags.com/publication/9449e52a?page=45"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 46" href="http://viewer.zmags.com/publication/9449e52a?page=46"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 47" href="http://viewer.zmags.com/publication/9449e52a?page=47"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 48" href="http://viewer.zmags.com/publication/9449e52a?page=48"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 49" href="http://viewer.zmags.com/publication/9449e52a?page=49"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 50" href="http://viewer.zmags.com/publication/9449e52a?page=50"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 51" href="http://viewer.zmags.com/publication/9449e52a?page=51"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 52" href="http://viewer.zmags.com/publication/9449e52a?page=52"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 53" href="http://viewer.zmags.com/publication/9449e52a?page=53"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 54" href="http://viewer.zmags.com/publication/9449e52a?page=54"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 55" href="http://viewer.zmags.com/publication/9449e52a?page=55"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 56" href="http://viewer.zmags.com/publication/9449e52a?page=56"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 57" href="http://viewer.zmags.com/publication/9449e52a?page=57"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 58" href="http://viewer.zmags.com/publication/9449e52a?page=58"> State Bar of Michigan Notes to Financial Stateme</a>
<a title="SBM_AnnualFinancialReport2020 page 59" href="http://viewer.zmags.com/publication/9449e52a?page=59"> Required Supplementary Information</a>
<a title="SBM_AnnualFinancialReport2020 page 60" href="http://viewer.zmags.com/publication/9449e52a?page=60"> State Bar of Michigan Required Supplementary Inf</a>
<a title="SBM_AnnualFinancialReport2020 page 61" href="http://viewer.zmags.com/publication/9449e52a?page=61"> State Bar of Michigan Required Supplementary Inf</a>
<a title="SBM_AnnualFinancialReport2020 page 62" href="http://viewer.zmags.com/publication/9449e52a?page=62"> State Bar of Michigan Required Supplementary Inf</a>
<a title="SBM_AnnualFinancialReport2020 page 63" href="http://viewer.zmags.com/publication/9449e52a?page=63"> State Bar of Michigan Required Supplementary Inf</a>
<a title="SBM_AnnualFinancialReport2020 page 64" href="http://viewer.zmags.com/publication/9449e52a?page=64"> Other Supplementary Information</a>
<a title="SBM_AnnualFinancialReport2020 page 65" href="http://viewer.zmags.com/publication/9449e52a?page=65"> State Bar of Michigan Schedule of Revenue and Ex</a>
<a title="SBM_AnnualFinancialReport2020 page 66" href="http://viewer.zmags.com/publication/9449e52a?page=66"> State Bar of Michigan Comparative Statement of N</a>
<a title="SBM_AnnualFinancialReport2020 page 67" href="http://viewer.zmags.com/publication/9449e52a?page=67"> State Bar of Michigan Schedule of Revenue, Expen</a>
<a title="SBM_AnnualFinancialReport2020 page 68" href="http://viewer.zmags.com/publication/9449e52a?page=68"> State Bar of Michigan Schedule of Revenue, Expen</a>
<a title="SBM_AnnualFinancialReport2020 page 69" href="http://viewer.zmags.com/publication/9449e52a?page=69"> State Bar of Michigan Schedule of Revenue, Expen</a>
<a title="SBM_AnnualFinancialReport2020 page 70" href="http://viewer.zmags.com/publication/9449e52a?page=70"> State Bar of Michigan Schedule of Revenue, Expen</a>
<a title="SBM_AnnualFinancialReport2020 page 71" href="http://viewer.zmags.com/publication/9449e52a?page=71"> State Bar of Michigan Historical Financial Summa</a>
<a title="SBM_AnnualFinancialReport2020 page 72" href="http://viewer.zmags.com/publication/9449e52a?page=72"> State Bar of Michigan Historical Financial Summa</a>