Audit - 1985
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
COMPILED FINANCIAL STATEMENTS
December 31, 1985
WOODS & DURHAM
Certified Public Accountants
Salina, Kansas
WOODS & DURHAM
CERTIFIED PUBLIC ACCOUNTANTS
SALINA, KANSAS
605 W. NORTH STREET
P.O. BOX 1516
SALINA, KANSAS 67402.1516
AREA H13 825.5494
To the Board of Directors
Salina Arts and Humanities Commission
Salina, Kansas
We have compiled the accompanying statement of assets, liabilities and fund
balance - cash basis, of Salina Arts and Humanities Commission as of
December 31, 1985, and the related statement of receipts, disbursements,
and changes in fund balance - cash basis, for the year then ended, in
accordance with standards established by the American Institute of
Certified Public Accountants. The financial statements have been prepared
on the cash basis of accounting, which is a comprehensi ve basis of
accounting other than generally accepted accounting principles.
A compilation is limited to presenting in the form of financial statements
information that is the representation of management. We have not audited
or reviewed the accompanying financial statements, and accordingly, do not
express an opinion or any other form of assurance on them.
Management has elected to omit substantially all of the disclosures
ordinarily included in financial statements. If the omitted disclosures
were included in the financial statements, they might influence the user's
conclusions about the commission's financial condition. Accordingly, these
financial statements are not designed for those who are not informed about
such matters.
r¡¡r~ I fJUAÍ]tMn--
January 29,1986
WOODS & DURHAM
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
STATEMENT OF ASSETS, LIABILITIES AND FUND BALANCE
December 31, 1985
Cash
Investments
Equipment
Fund Balance
ASSETS
LIABILITIES AND FUND BALANCE
See accompanying accountant's report.
$ 44,001
178,6:31
5,808
$228,490
$228,490
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
STATEMENT OF RECEIPTS, DISBURSEMENTS, AND
CHANGES IN FUND BALANCE
December 31, 1985
RECEIPTS
Government contracts
Contributions
Contracted revenues
Interest
Miscellaneous
Earned revenue
Admissions
Fees
Sales
and grants
$113,208
32,025
15,423
17,434
7,004
86,574
21,817
7,700
TOTAL RECEIPTS
$301,185
DISBURSEMENTS
Salaries
General, administrative
Travel
Miscellaneous
Arts programs
Services
Program support
and operating
67,138
16,950
4,469
3,641
155,178
13,674
29,599
TOTAL DISBURSEMENTS
290,649
RECEIPTS OVER (UNDER) DISBURSEMENTS
10,536
FUND BALANCE - January 1,
217,954
FUND BALANCE - December 31,
$228,490
See accompanying accountant's report.