Audit - 1987
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
COMPILED FINANCIAL STATEMENTS
December 31, 1987
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 913 825-5494
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 Com-
mission as of December 31, 1987, 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 Accoun1:ants. The
financial statements have been prepared on the cash basis of ac-
counting, which is a comprehensive 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 state-
ments, 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 dis-
closures 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.
rJUMrk 4- (jJ~
January 21, 1988
WOODS & DURHAM
Certified Public Accountants
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
STATEMENT OF ASSETS, LIABILITIES AND FUND BALANCE
December 31, 1987
ASSETS
Cash
Investments
Equipment
$ 51,831
226,215
18,163
$ ~~~L~Q~
LIABILITIES AND FUND BALANCE
Restricted fund balance
Unrestricted fund balance
$ 16,031
280,178
$296,209
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See accompanying accountant's report.
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
STATEMENT OF RECEIPTS, DISBURSEMENTS, AND
CHANGES IN FUND BALANCE
December 31, 1987
RECEIPTS
Government contracts and grants
Contributions
Contracted revenue
Interest
Miscellaneous
Earned revenue
TOTAL RECEIPTS
DISBURSEMENTS
Salaries
General, administrative and operating
Travel
Miscellaneous
Arts programs
Services
Program support
TOTAL DISBURSEMENTS
RECEIPTS OVER (UNDER) DISBURSEMENTS
FUND BALANCE - January 1, 1987
FUND BALANCE - December 31, 1987
$133,897
44,660
26,505
14,932
4,542
118,116
82,299
39,175
2,028
4,084
182,284
9,147
15,370
See accompanying accountant's report.
$342,652
334,387
8,265
287,944
$~~~~~~~