Audit - 1988
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
COMPILED FINANCIAL STATEMENTS
December 31, 1988
WOODS & DURHAM
Certified Public Accountants
Salina, Kansas
WOODS & DURHAM
CERTIFIED PUBLIC ACCOUNTANTS
SALINA, KANSAS
605 W. NOHTH 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, 1988, 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 Account: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.
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January 11, 1989
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, 1988
ASSETS
Cash
Investments
Equipment
$ 44,618
207,256
21,870
$~~~~~~~
LIABILITIES AND FUND BALANCE
Restricted fund balance
Unrestricted fund balance
$ 16,653
257,091
$~~~~~~~
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, 1988
RECEIPTS
Government contracts and grants
Contributions
Contracted revenue
Interest
Miscellaneous
Earned revenue
TOTAL RECEIPTS
DISBURSEMENTS
Salaries
General, administrative and operating
Miscellaneous
Arts programs
Services
Program support
TOTAL DISBURSEMENTS
RECEIPTS OVER (UNDER) DISBURSEMENTS
FUND BALANCE - January 1, 1988
FUND BALANCE - December 31, 1988
$134,254
60,469
14,310
17,601
1,398
139,308
89,656
45,024
4,285
220,242
7,763
22,835
See accompanying accountant's report.
$367,340
389,805
(22,465)
296,209
$~~~~~~~