Audit - 1990
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
COMPILED FINANCIAL STATEMENTS
December 31, 1990
WOODS & DURHAM
Certified Public Accountants
Salina, Kansas
certified
puhlic
C H ART ERE 0 accountants
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, 1990, and the related statement 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 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
required by generally accepted accounting principles. If the
omitted disclosures were included in the financial statements, they
might influence the user's conclusions about the commission's
financial condition. Accordingly, these financial sta.tements are
not designed for those who are not informed about such matters.
January 23, 1991
~~ ~ D~MY\
Certified Public Accountants
1619 E. Iron Avenue · P.O. Box 1516 · Salina, Kansas 67402-1516. Phone 913-825-5494
ALL PROGRAMS OF THE SALINA ARTS
AND HUMANITIES COMMISSION
Salina, Kansas
STATEMENT OF ASSETS, LIABILITIES AND FUND BALANCE
December 31, 1990
ASSETS
Current Assets
Cash
Investments
Total Assets
$ 29,675
261,156
290,831
23,220
$~!i.!.Q~!
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Total
Equipment
LIABILITIES AND FUND BALANCE
Fund Balance
Investment in equipment
Restricted
Unrestricted
Total Fund Balance
$ 23,220
123,434
167,397
$~!i!.Q~!
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See accompanying accountant's compilation 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, 1990
PUBLIC SUPPORT AND REVENUE
Public Support
Government grants
Contracted revenue
Contributions
$202,782
19,850
85,461
Total Public Support
Revenue
Program revenue
Investment income
Miscellaneous
176,390
16,768
212
Total Revenue
Total Public Support and Revenue
EXPENSES
Program Services
Arts programs
Arts services
Support
286,144
73,639
30,464
Total Program Services
Supporting Services
General administration
Miscellaneous
Fund raising
79,688
9,199
18,834
Total Supporting Services
Total Expenses
Total Public Support and Revenue
Over (Under) Expenses
FUND BALANCE - January 1, 1990
FUND BALANCE - December 31, 1990
See accompanying accountant's compilation report.
$308,093
193,370
501,463
390,247
107,721
497,968
3,495
310,556
$~!~.!.Q~!
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