Audit - 1969
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
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REPORT ON EXAMINATION
December 31, 1969
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WOODS & DURHAM
Certified Public Accountants
Salina, Kansas
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Hobart McCabe
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Laverne Brockway
Keith Armstrong
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Larry Walle
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
OFFICERS
REPRESENTATIVES
President
Secretary
Treasurer
Ronald Kreigh
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Exhib it" A"
Exhibit "B"
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Exhibit "C"
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Exhibit "D"
Exhibit "E"
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Exhibit "F"
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
INDEX
Accountant's Report. . . . . . . . . . . . . . .
Receipts, Expenditures and Fund Balance. . . . .
Receipts, Expenditures and Cash Balance -
Checking Account. . . . . . . . . . . . . . . .
Receipts, Expenditures and Cash Balance -
Savings Account. . . . . . . . . . . . .
Investments. . . . . . . . . . . . . . . . . . .
Comparison of Depositary Security with
Balances on Deposit. . . . . . . . . . . . . .
Treasurer's Fidelity Bond. . . . . . . . . . . .
Page
Number
1
2
3
4
5
6
7
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WOODS
&
DURHAM
fi05 w. NORTH STRFFT
P. O. BOX 1]24
TELEPHONE - AREA 913, TAn.oR5-5494
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SALINA. KANSAS. 67401
May 19, 1970
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Board of Directors
Salina Firemen's Relief Association
Salina, Kansas 67401
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Gentlemen:
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We have examined the financial records of the Salina Firemen's
Relief Association, Salina, Kansas, for the year ended December 31,
1969. Our examination was performed in accordance with the ap-
plicable provisions of the Minimum Standard Audit Program for
Municipalities of the State of Kansas, and accordingly included
such tests of the accounting records and such other auditing pro-
cedures as we considered necessary in the circumstances.
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In our opinion, the accompanying exhibits present fairly the cash
position of the Salina Firemen's Relief Association, Salina, Kansas,
at December 31, 1969, and the cash transactions for the year then
ended.
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Respectfully submitted,
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WOODS & DURHAM /. ~ ..
, ,/ d,.1 ...
c~ ~::: i c<~:::::::1
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1.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
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RECEIPTS, EXPENDITURES AND FUND BALANCE
January 1, to December 31, 1969
Balances - January 1, 1969
Cash on deposit - The First National Bank &
Trust Company, Salina, Kansas - Checking Account
Cash on deposit - The First National Bank &
Trust Company, Salina, Kansas - Savings Accounts
Certificate of deposit
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Receipts
Checking account
Savings accounts
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Expenditures
Checking account
Balance - December 31, 1969
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Represented By
Cash on deposit - The First
Company, Salina, Kansas -
Checking account
Savings accounts
Certificate of deposit
National Bank & Trust
December 31, 1969
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$ 14,444.69
28,465.51
80,000.00
$ 14,036.11
5,089.99
$ 10,875.40
28,555.50
80,000.00
$119.430.90
Exhibit "A"
$122,910.20
19,126.10
$142,036.30
22,605.40
$119.430.90
2.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
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RECEIPTS, EXPENDITURES AND CASH BALANCE - CHECKING ACCOUNT
January 1, to December 31, 1969 Exhibit "B"
$14,444.69
$13,834.54
5,000.00
201.57 19,036.11
$33,480.80
$ 5,584.63
9,745.50
25.00
75.40
150.00
5,000.00
1,550.40
474.47 22,605.40
$10.875.40
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Balance - January 1, 1969
Receipts
Kansas Commissioner of Insurance
Transfer from savings
Insurance premium refunds
Total Beginning Balance plus Receipts
Expenditures
Life and disability insurance premiums
Blue Cross - Blue Shield
Treasurer's bond
Accident and sickness claims
Audit
Payment of term life insurance proceeds on
T. L. Archbold
Back salary and interest to Peter Lauber
Court costs on Lauber case
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Balance - December 31, 1969
Represented By
Cash on deposit in The First National Bank
& Trust Company, Salina, Kansas -
December 31, 1969
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$10.875.40
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3.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
RECEIPTS, EXPENDITURES AND CASH BALANCE - SAVINGS ACCOUNTS
January 1, to December 31, 1969 Exhibit "C"
Balance - January 1, 1969
$28,465.51
Receipts
Interest on savings accounts
Interest on certificate of deposit
$1,089.99
4,000.00
5,089.99
$33,555.50
Total Beginning Balance plus Receipts
Transfer to checking account
5,000.00
$28.555.50
Balance - December 31, 1969
Represented By
Cash on deposit in The First National Bank
& Trust Company, Salina, Kansas -
December 31, 1969
Fund # 9
Fund #10
Total
$11,261.61
17,293.89
$28.555.50
4.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
Certificate of Deposit
The First National Bank & Trust
Company, Salina, Kansas
INVESTMENTS
December 31, 1969
Serial
Number
Date of
Issue
Date of
Maturity
4453
10-1-69
4-1- 70
Exhibit "D"
Rate
Amount
5%
$80,000.00
5.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
COMPARISON OF DEPOSITARY SECURITY WITH BALANCES ON DEPOSIT
December 31, 1969 Exhibit liE"
Checking account - The First National Bank &
Trust Company, Salina, Kansas
Savings accounts - The First National Bank & Trust
Company, Salina, Kansas
Fund # 9
Fund #10
Certificate of deposit - The First National Bank &
Trust Company, Salina, Kansas
$11,261.61
17,293.89
Total on Deposit at December 31, 1969
Deduct - Portion guaranteed by F.D.I.C.
Balance to be Secured by Other Collateral
Portion Required to be Secured - 70%
Security Pledged by Bank
$ 10,875.40
28,555.50
80,000.00
$119 ,430. 90
20,000.00
$ 99.430.90
$ 69.601.63
$110.000.00
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
Treasurer, Salina Firemen's
Relief Association
TREASURER'S FIDELITY BOND
December 31, 1969
Exhibit "F"
Date Date of
Effective Expiration Amount
9-10- 69 9-10- 70 $10.000.00
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