Audit - 1963
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
REPORT ON EXAMINATION
December 31, 1963
W. REX WOODS
Certified Public Accountant
Salina, Kansas
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SALINA FIREMEN' SRELIEF ASSOCIATION
Salina, Kansas
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OFFICERS
J. E. Travis
T. L. Archbold
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Charles McCabe
Leonard Todd
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BOARD OF QlRECTORS
, ".. .-... ,
J. E. Travis
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T. L. Archbold
Lawrence Tinkler
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OTllER MEMBERS
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G. J. Puyear
Paul Smith
Paul Day
Jim Lacy
Byrl Glendening
William Vaupel
Edwin Bross
Gordon Nichols
Jim Dunn
John Heidrick
Donald Neal
Dick Purney
Jerome Schmidt
Jim Yost
Ben Loy
Roy Batcheller
Gary Smith
Norman Stump
Virgil Richards
Amon Adams
Laverne Brockway
Rodney Bachofer
Bob Christensen
Raford Dunaway
Gary Hindman
Arthur Holcum
Carney Foster
Lonnie Freeman
Gene Hindman
Larry Kenison
Bernard Cain
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President
Vicewpresident
Secretary
Treasurer
Jack Gray
Charles McCabe
Kei th Arms trong
Floyd Bernhardt
Vernon Brown
Russell Caswell
Mike Clark
Dean Hannebaum
Darrell Keller
Jim Martin
Charles Mitchell
Don Mosier
Allen Cameron
George Cleaver
Dennis Henoch
Kenneth Schmidt
H. J. McCabe
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Exhibi t "A"
Exhibi t "B It
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Exhibi t "c"
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Exhibi t "D"
Exhibi t "E"
Exhibi t "Frr
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
INDEX
Page
Number
Accountant's Report
Receipts, Expenditures and Fund Balance
Receipts, Expenditures and Cash Balance -
Checking Account
Receipts, Expenditures and Cash Balance -
Savings Accounts
Cash in Bank
Comparison of Depositary Security with
Balances on Deposit
Treasurer's Fidelity Bond
1 - 2
3
4
5
6
7
8
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W. REX WOODS
Certified Public Accountant
Salina, Kansas
July 14, 1964
Board of Directors
Salina Firemenrs Relief Association
Salina, Kansas
Gentlemen:
In accordance with your instructions an examination has been made of the financial
records of the Salina Firemen's Relief Association, Salina, Kansas, for the period
January 1, to December 31, 1963. The report on this examination follows.
SCOPE OF EXAMINATION
This examination was performed in accordance with the Minimum Standard Audit Pro-
gram for Municipalities, approved by the Kansas State Municipal Accounting Board
and such other generally accepted auditing standards and such other auditing pro-
cedures that we considered necessary under the circumstances.
RECEIPTS. EXPENDITURES AND FUND BALANCE
The following is a brief summary of the receipts and expenditures for the period
January 1, to December 31, 1963, and the beginning and ending fund balances.
Balances - January 1, 1963
Receipts
Regular Savings
Accoun t Account Total
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$10,338.02 $91,575.00 $101,913.02
1.349.34 3,233.07 4,582.41
$11,687.36 $94,808.07 $106,495.43
10,462.33 10,462.33
$ 1,225.03 $94,808.07 $ 96,033.10
RECEIPTS
Expenditures
Balances - December 31, 1963
Monies received during the period under review were deposited in the accounts as
designated by the board of directors of the Salina Firemenrs Relief Association.
Deposits made in January of 1963 for a premium refund of $10.04 from an insurance
company and the firemen's payments of $488.86 for their share of the cost of in-
surance premiums for 1962, are included as receipts in this report; however, these
items were shown as receipts in the year 1962 report submitted by the Salina Fire-
men's Relief Association to the Commissioner of Insurance.
1.
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The Salina Firemen's Relief Association did not receive a payment from the Kansas
Commissioner of Insurance during the year 1963, due to a difference in the amount
reported on the association's report to the Commissioner of Insurance as expended
for Blue Cross - Blue Shield and the amount reported to the Commissioner by Blue
Cross - Blue Shield as paid. However, the differences were reconciled and the
Commissioner approved the 1963 payment on May 27, 1964, in the amount of $9.596.17.
Interest on the Savings Accounts were properly accounted for.
EXPENDITURES
Expenditures during the period under review were properly accounted for and were
expended by order of the board of directors. Insurance premiums due on life and
accident policies on firemen were paid to maintain policies in force.
TREASURERUS BOND
The Salina Firemen i s Relief Associa tion carries a Fideli ty Bond on the Treasurer
in the amount of $5,000.00. The bonding company issuing the bond was authorized
to do business in Kansas during the period under review.
DEPOSITARY BONDS
The Salina Firemen's Relief Association has its funds on deposit in The First
National Bank and Trust Company, Salina, Kansas. During the period January 1, to
December 17, 1963, the funds of the Firemen's Relief Association were secured only
by the $10,000.00 F.D.I.C. Insurance carried by the depositary. On December 17,
1963, the deposi tary pledged as collateral for the Firemen's Relief Association
Funds, securities in the amount of $100,000.00. Exhibit "E" shows the comparison
of depositary security with balances on deposit. .
GENERAL
The minutes of the meetings of Lhe association were examined and found to be in
proper order. The minutes of each meeting were approved and properly signed by
the Secretary.
CERTIFICATE
I, certify that, in my opinion, subject to the foregoing comments, the accompany-
ing erllibits properly show the cash position of the Salina Foremen's Relief Asso-
ciation, Salina, Kansas, at December 31, 1963, and the financial transactions for
the period January 1, to December 31, 1963.
Respectfulíy submitted,
W. REX WOODS
ce~'~:~~¿ensed
Municipal Public Accountant in charge
of and actively engaged on this audit.
2.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
RECEIPTS. EXPENDITURES AND FUND BALANCE
January 1, to December 31, 1963
Exhibit "A"
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Balances - January 1, 1963
Cash on Deposit - The First National Bank
and Trust Company, Salina, Kansas -
Checking Account
Cash on Deposit - The First National Bank
and Trust Company, Salina, Kansas -
Savings Accounts
$10,338.02
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Expenditures
Checking Account
Savings Accounts
91,575.00 $101,913.02
$ 1.349.34
3,233.07 4,582.41
$106,495043
$10,462.33
10,462.33
$ 96,033.10
Receipts
Checking Account
Savings Accounts
Balance - December 31, 1963
Represented By:
Cash on Deposit - The First National
and Trust Company, Salina, Kansas
Checking Account
Savings Accounts
Bank
$ 1.225.03
94,808.07
$96,033.10
3.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
RECEIPTS,EXPENDITURES AND CASH BALANCE - CHECKING ACCOUNT
January 1, to December 31, 1963
$l,l07.89
l70.45
41.00
30.00 1,349.34
$11,687.36
$8,310.22
l2 .50
1,Ol9.61
720.00
400.00 lO,462.33
$ l.225.03
Balance - January 1, 1963
Receipts
Reimbursement of 15% of insurance
paid by firemen
Insurance premium refunds
Accident and sickness claims
Refund of medical Payments
premiums
Total Beginning Balance Plus Receipts
Expenditures
Insurance premiums
Treasurer's bond
Accident and sickness claims
Pensions to retired firemen
Auditing service
Balance - December 31, 1963
" Represented By:"
Cash in The First National BanK and Trust
Company, Salina, Kansas - December 31, 1963
Exhibit "Brr
$10,338.02
$l.225.03
4.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Sa Una> Kansa s
RECEIPTS, EXPENDITURES AND CASH BALANCE - SAVINGS ACCOUNTS
January 1, to December 31, 1963
Exhibi t "c"
Balance - January 1, 1963
$91,575.00
Receipts
Interest on Savings Accounts
Total Beginning Balance Plus Receipts
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3,233.07
$94,808.07
Expenditures
Balance - December 31, 1963
$94,808.07
Represent~:
Cash in The First National Bank
and Trust Company, Salina, Kansas
December 31, 1963:
Fund 1/:1
Fund 'In
Fund 1/:3
Fund 1J:4
Fund #5
Fund 4/:6
Fund 1J:7
Fund #8
Fund #9
$10,534.23
10,534.23
10,534.23
10,534,23
10,534,23
10,534.23
10,534.23
10,534.23
10,534.23
$94,808007
5.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
CASH IN BANK
December 31, 1963
Balance per Bank Statement - The First
National Bank and Trust Company, Salina,
Kansas, Checking Account - December 31, 1963
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Deduct - Outstanding Checks
Balance per Books - December 31, 1963
Exhibit "D"
$1,225.03
$1,225.03
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
COMPARISON OF DEPOSITARY SECURITY WITH BALANCES ON DEPOSIT
December 31, 1963
Checking Account
Bank and Trust
Savings Accounts
Bank and Trust
Fund #1
Fund #2
Fund #3
Fund 114
Fund 115
Fund #6
Fund in
Fund 118
Fund 119
- The First National
Company, Salina. Kansas
- The First National
Company, Salina, Kansas
Total on Deposit at December 31, 1963
Deduct - Portion Guaranteed by F.D.I.C.
Balance to be Secured by Other Collateral
Portion Required to be Secured_~ 70%
Collateral Deposited by Bank
Exhibi t "Elf
$
1,225.03
$10,534.23
10,534.23
10,534.23
10,534.23
10,534.23
10,534.23
10,534.23
10,534.23
10,534.23
94,808.07
$ 96,033.10
10,000.00
$ 86,033.10
$ 60.223.17
$100,000.00
7.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
TREASURER'S FIDELITY BOND
December 31, 1963
Exhibit "Frr
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Treasurer, Salina Firemen's
Relief Association
Date Da te 0 f
Effective Expiration Amount
9-10-63 9-10-64 $5,000.00
80