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Audit - 2021
Dec 31, 21 Dec 31, 20 $ Change ASSETS Current Assets Checking/Savings 100 ꞏ FBK Operating Account 2 250,895.11 120,420.82 130,474.29 101 ꞏ FBK Debit Card Account 696.69 3,875.70 -3,179.01 105 ꞏ Petty Cash 204.32 114.92 89.40 Total Checking/Savings 251,796.12 124,411.44 127,384.68 Accounts Receivable 130 ꞏ Accounts Receivable 16,748.28 31,829.19 -15,080.91 Total Accounts Receivable 16,748.28 31,829.19 -15,080.91 Total Current Assets 268,544.40 156,240.63 112,303.77 Fixed Assets 150 ꞏ Furniture & Fixtures 7,551.56 7,551.56 0.00 151 ꞏ Equipment 14,857.58 14,857.58 0.00 155 ꞏ Accumulated Depreciation -22,409.14 -22,409.14 0.00 Total Fixed Assets 0.00 0.00 0.00 TOTAL ASSETS 268,544.40 156,240.63 112,303.77 LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities 211 ꞏ Accounts Payable SDI 3,792.91 3,693.40 99.51 212 ꞏ Accrued Wages 3,236.86 0.00 3,236.86 220 ꞏ Payroll Liabilities 220.12 ꞏ FICA Payable (Social Security)1,346.59 738.05 608.54 220.14 ꞏ Federal Withholding Payable 908.00 344.00 564.00 220.15 ꞏ State Withholding Payable 374.00 200.00 174.00 220.16 ꞏ Unemployment Tax Payable 114.32 22.12 92.20 Total 220 ꞏ Payroll Liabilities 2,742.91 1,304.17 1,438.74 225 ꞏ Acounts Payable- Facade Grant 33,014.50 53,989.99 -20,975.49 Total Other Current Liabilities 42,787.18 58,987.56 -16,200.38 Total Current Liabilities 42,787.18 58,987.56 -16,200.38 Total Liabilities 42,787.18 58,987.56 -16,200.38 Equity 290 ꞏ Unrestricted Net Assets -2,346.34 -32,687.41 30,341.07 295 ꞏ Restriced Net Assets-Temporary 295.1 ꞏ Restricted Facade Assets 78,071.11 53,990.10 24,081.01 295.3 ꞏ Restricted New Business Assets 21,528.30 21,528.30 0.00 Total 295 ꞏ Restriced Net Assets-Temporary 99,599.41 75,518.40 24,081.01 Net Income 128,504.15 54,422.08 74,082.07 Total Equity 225,757.22 97,253.07 128,504.15 TOTAL LIABILITIES & EQUITY 268,544.40 156,240.63 112,303.77 03/14/22 Salina Downtown, Inc.Statements of Assets, Liabilities and Net Assets - Tax Basis As of December 31, 2021 and 2020 RESTRICTED FOR MANAGEMENT USE ONLY Jan - Dec 21 Jan - Dec 20 $ Change Ordinary Income/Expense Income 300 ꞏ BID Service Fees 95,808.63 79,532.54 16,276.09 301 ꞏ CID Service Fees 132,233.54 38,351.17 93,882.37 305 ꞏ Grant Income 307 ꞏ Facade Grants 47,500.00 50,000.00 -2,500.00 Total 305 ꞏ Grant Income 47,500.00 50,000.00 -2,500.00 310 ꞏ Program Income 7,472.28 43,556.93 -36,084.65 315 ꞏ Contributions/Sponsorships Rev 316 ꞏ Contributions City Unrestricted 42,750.00 45,000.00 -2,250.00 Total 315 ꞏ Contributions/Sponsorships Rev 42,750.00 45,000.00 -2,250.00 320 ꞏ Interest Income 0.00 239.95 -239.95 Total Income 325,764.45 256,680.59 69,083.86 Gross Profit 325,764.45 256,680.59 69,083.86 Expense 510 ꞏ Bank Service Charges 58.04 0.00 58.04 516 ꞏ Maintenance 10,722.35 1,460.78 9,261.57 530 ꞏ Computer Supplies/Maintenance 2,373.83 0.00 2,373.83 535 ꞏ Contributions 446.46 0.00 446.46 545 ꞏ Dues & Subscriptions 4,818.23 4,444.07 374.16 548 ꞏ Holiday Lighting & Decorations 813.08 0.00 813.08 550 ꞏ Equipment Repair 522.81 0.00 522.81 555 ꞏ Insurance 1,928.00 3,045.08 -1,117.08 558 ꞏ Marketing 558.1 ꞏ Marketing-Special Projects 4,383.43 0.00 4,383.43 558 ꞏ Marketing - Other 23,932.60 12,023.79 11,908.81 Total 558 ꞏ Marketing 28,316.03 12,023.79 16,292.24 560 ꞏ Meals 996.24 633.06 363.18 563 ꞏ Meeting Expenses 46.83 80.90 -34.07 565 ꞏ Office 1,823.07 839.41 983.66 568 ꞏ Other Expenses-Misc.308.47 0.00 308.47 570 ꞏ Personnel Expense 570.1 ꞏ Payroll Expense 12,375.63 8,399.29 3,976.34 570.2 ꞏ Salary-Director 33,414.26 55,422.79 -22,008.53 570.3 ꞏ Wages 38,625.29 23,418.42 15,206.87 570.4 ꞏ Benefits Allowance 0.00 5,000.00 -5,000.00 Total 570 ꞏ Personnel Expense 84,415.18 92,240.50 -7,825.32 573 ꞏ Postage Expense 699.45 463.80 235.65 575 ꞏ Printing 1,523.83 1,580.24 -56.41 578 ꞏ Professional Development 600.00 200.00 400.00 580 ꞏ Professional Services 580.1 ꞏ Accounting 10,340.00 8,690.00 1,650.00 580.2 ꞏ Attorney Fees 275.00 0.00 275.00 580.3 ꞏ Consulting 0.00 1,200.00 -1,200.00 580 ꞏ Professional Services - Other 0.00 75.00 -75.00 Total 580 ꞏ Professional Services 10,615.00 9,965.00 650.00 585 ꞏ Small Tools & Equipment 11,817.01 141.61 11,675.40 586 ꞏ Landfill Fees 0.00 83.65 -83.65 588 ꞏ Special Projects 588.1 ꞏ Cluster Marketing -39.33 1,272.44 -1,311.77 588.2 ꞏ Facade Program 2,464.50 52,627.66 -50,163.16 588 ꞏ Special Projects - Other 150.00 87.72 62.28 Total 588 ꞏ Special Projects 2,575.17 53,987.82 -51,412.65 589 ꞏ Flowers & Landscaping 10,370.00 0.00 10,370.00 590 ꞏ Event/Project Supplies 13,991.28 33,845.77 -19,854.49 592 ꞏ Taxes & Fees 131.11 136.71 -5.60 03/14/22 Salina Downtown, Inc.Statements of Revenues and Expenses - Tax Basis For the years ended December 31, 2021 and 2020 RESTRICTED FOR MANAGEMENT USE ONLY Jan - Dec 21 Jan - Dec 20 $ Change 593 ꞏ Gasoline & Fuel 558.48 435.17 123.31 595 ꞏ Occupancy 6,790.35 6,951.15 -160.80 Total Expense 197,260.30 222,558.51 -25,298.21 Net Ordinary Income 128,504.15 34,122.08 94,382.07 Other Income/Expense Other Income 340 ꞏ Other Income 0.00 0.00 0.00 625 ꞏ PPP Forgiven Debt 0.00 20,300.00 -20,300.00 Total Other Income 0.00 20,300.00 -20,300.00 Net Other Income 0.00 20,300.00 -20,300.00 Net Income 128,504.15 54,422.08 74,082.07 03/14/22 Salina Downtown, Inc.Statements of Revenues and Expenses - Tax Basis For the years ended December 31, 2021 and 2020 RESTRICTED FOR MANAGEMENT USE ONLY