Audit - 1989
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
COMPILED FINANCIAL STATEMENTS
December 31, 1989
WOODS & DURHAM
Certified Public Accountants
Salina, Kansas
WOODS & DURHAM
CERTIFIED PUBLIC ACCOUNTANTS
SALlNIA, KANSAS
1619 EAST IRON AVE.
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, 1989, and the related s1:atement of
support, revenue and expenses, 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 comprehensive basis of
accounting other than generally accepted accounting principles.
A compilation is limited to presenting in the form o:E 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
and the statement of cash flows required by generally accepted
accounting principles. If the omitted disclosures were included in
the financial statements, they might influence the user's conclu-
sions about the commission's financial condition. Accordingly,
these financial statements are not designed for those INho are not
informed about such matters.
-n ~
LJrxxLY ~ d..-/t/A,ILa'MJ
January 19, 1990
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, 1989
Current Assets
Cash
Investments
Total
Equipment
Fund Balance
Restricted
Unrestricted
ASSETS
$ 46,326
241,010
287,336
23,220
~; ~!Q.!.~~~
LIABILITIES AND FUND BALANCE
~; 16,890
293,666
$~!Q.!.~~~
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See accompanying accountant's report.
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
STATEMENT OF SUPPORT, REVENUE, AND EXPENSES,
AND CHANGES IN FUND BALANCE - CASH BASIS
December 31, 1989
PUBLIC SUPPORT AND REVENUE
Public Support
Government grants
Contracted revenue
Contributions
$156,068
15,811
90,796
Total Public Support
Revenue
Program revenue
Investment income
Miscellaneous
152,527
20,974
1,834
Total Revenue
Total Public Support and Revenue
EXPENSES
Program Services
Arts programs
Arts services
Support
243,334
18,672
24,698
Total Program Services
Supporting Services
General administration
Miscellaneous
Fund raising
84,269
4,992
25,233
Total Supporting Services
Total Expenses
Total Public Support and Revenue
Over (Under) Expenses
FUND BALANCE - January 1,
FUND BALANCE - December 31,
See accompanying accountant's report.
$262,675
175,335
438,010
286,704
114,494
401,198
36,812
273,744
$~~~b~~~