2012 Attorney Registration and Disciplinary Commission Financial Audit and Compliance Examination

              iii
ATTORNEY REGISTRATION AND DISCIPLINARY COMMISSION
FINANCIAL AUDIT AND COMPLIANCE EXAMINATION
For the Two Years Ended: December 31, 2011
Summary of Findings:
Total this audit:
Total last audit:
Repeated from last audit:
0
0
0
Release Date: May 17, 2012
SYNOPSIS
There were no material findings of noncompliance disclosed during our audit tests.
AUDITORS’ OPINION
Our special assistant auditors stated the December 31, 2011 and December 31, 2010 Attorney Registration and Disciplinary Commission financial statements are fairly presented in all material respects.
___________________________________
WILLIAM G. HOLLAND
Auditor General
WGH:JC:rt
SPECIAL ASSISTANT AUDITORS
Our special assistant auditors for this audit were E.C. Ortiz & Co., LLP.
{Expenditures and Activity Measures are summarized on the reverse page.}ii
REVENUES AND EXPENSES
Total Revenue
Investment income............................................................
245,414$
292,994$
342,602$
Registration and program fees and delinquent charges...
17,121,917
16,937,490
16,595,386
Cost reimbursements collected........................................
95,436
97,548
81,735
Administrative expense reimbursement from CPP..........
265,968
263,364
249,996
Client Protection Program (CPP) reimbursements..........
8,145
56,623
142,350
Total Revenue................................................................
17,736,880$
17,648,019$
17,412,069$
Total Expenses
Salaries and related expenses...........................................
10,819,099$
10,693,313$
10,119,406$
Travel expenses................................................................
125,743
135,371
112,305
Library and continuing education....................................
242,598
256,472
238,514
General expenses and office support...............................
2,359,722
1,975,722
1,751,832
Computer expenses...........................................................
226,560
326,091
237,874
Other professional and case-related expenses.................
807,222
735,188
789,303
CPP direct expenses, awards............................................
1,004,186
705,168
1,091,473
CPP direct expenses, bank fees........................................
6,419
5,328
4,191
Administrative expense reimbursement to ARDC..........
265,968
263,364
249,996
Depreciation and amortization expense...........................
466,075
405,025
186,105
Total Expenses
16,323,592$
15,501,042$
14,780,999$
SELECTED ACTIVITY MEASURES (Unaudited)
2011
2010
2009
Attorneys admitted during current fiscal year...................
3,004
3,225
3,164
Attorneys admitted longer than one year but less than
three years......................................................................
5,451
5,424
5,227
Attorneys admitted for three years or longer.....................
65,211
63,803
62,387
Serving: active military duty.............................................
323
303
255
Serving: judges or judicial clerk.......................................
2,122
2,037
2,016
Serving: birthday before 12/31/32, 12/31/31, 12/31/30...
1,654
1,605
1,409
Inactive Status.....................................................................
10,752
10,789
10,313
Total active and registered attorneys.................................
88,517
87,186
84,771
Removed from master roll (arrears, deceased, inactive
and disciplined attorneys) ............................................
1,816
2,783
3,226
During Examination Period: Jerome Larkin, Administrator
Currently: Jerome Larkin, Administrator
ATTORNEY REGISTRATION AND DISCIPLINARY COMMISSION
FINANCIAL AUDIT AND COMPLIANCE EXAMINATION
For the Two Years Ended December 31, 2011
AGENCY DIRECTOR
2009
2010
2011