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Audit - 1986 ALL PRCGRAMS OF THE SALINA ARTS AND HUMANITIES COMMISSION Salina, Kansas COMPILED FINANCIAL STATEMENTS December 31, 1986 VK)()DS & 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 91:3 825-5494 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 Commission as of December 31, 1986, 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 Accountants. The financial statements have been prepared on the cash basis of accounting, which is a comprehensi ve 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 statements, 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 disclosures 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. : r- II Ii !ctrU i/ ,YttuV1tZ ,nL-___ January 22, 1987 WOODS & DURHAM ALL PRCGRAMS OF THE SALINA ARTS AND HUMANITIES COMMISSION Salina, Kansas STATEME~IT OF ASSETS, LIABILITIES AND FUND BALANCE December 31, 1986 ASSETS Cash Investments Equipment $ 71,349 208,287 8,308 $287,944 LIABILITIES AND FUND BALANCE Fund Balance $287,944 See accompanying accountant's report. ALL PROGRAMS OF THE SALINA ARTS AND HUMANITIES CmlMISSION Salina, Kansas STATEMENT OF RECEIPTS, DISBURSEMENTS, AND CHANGES IN FUND BALANCE December 31, 1986 RECEIPTS Government contracts and grants Contributions Contracted revenue Interest Miscellaneous Earned revenue Admissions Fees Sales $113,527 92,085 10,576 12,837 14,131 84,230 24,690 8,449 TOTAL RECEIPTS $360,525 DISBURSEMENTS Salaries General, administrative and operating Travel Miscellaneous Arts programs Services Program support 76,338 31,795 1,726 4,452 156,386 7,902 22,472 TOTAL DISBURSEMENTS 301,071 RECEIPTS OVER (UNDER) DISBURSEMENTS 59,454 FUND BALANCE - January 1, 228,490 FUND BALANCE - December 31, $287,944 See accompanying accountant's report.