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Audit - 2020
Dec 31, 20 Dec 31, 19 $ Change ASSETS Current Assets Checking/Savings 100 ꞏ FBK Operating Account 2 123,420.82 31,594.25 91,826.57 101 ꞏ FBK Debit Card Account 1,026.22 340.52 685.70 105 ꞏ Petty Cash 114.92 164.92 -50.00 111 ꞏ CD2 First Bank 0.00 52,955.95 -52,955.95 Total Checking/Savings 124,561.96 85,055.64 39,506.32 Accounts Receivable 130 ꞏ Accounts Receivable 31,829.19 1,618.30 30,210.89 Total Accounts Receivable 31,829.19 1,618.30 30,210.89 Total Current Assets 156,391.15 86,673.94 69,717.21 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 156,391.15 86,673.94 69,717.21 LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities 211 ꞏ Accounts Payable SDI 3,693.40 5,800.05 -2,106.65 220 ꞏ Payroll Liabilities 220.12 ꞏ FICA Payable (Social Security)738.05 1,101.05 -363.00 220.14 ꞏ Federal Withholding Payable 344.00 508.00 -164.00 220.15 ꞏ State Withholding Payable 200.00 260.00 -60.00 220.16 ꞏ Unemployment Tax Payable 22.12 10.52 11.60 Total 220 ꞏ Payroll Liabilities 1,304.17 1,879.57 -575.40 225 ꞏ Acounts Payable- Facade Grant 53,989.99 36,163.33 17,826.66 Total Other Current Liabilities 58,987.56 43,842.95 15,144.61 Total Current Liabilities 58,987.56 43,842.95 15,144.61 Total Liabilities 58,987.56 43,842.95 15,144.61 Equity 290 ꞏ Unrestricted Net Assets -32,687.41 62,096.78 -94,784.19 295 ꞏ Restriced Net Assets-Temporary 295.1 ꞏ Restricted Facade Assets 53,990.10 38,791.10 15,199.00 295.3 ꞏ Restricted New Business Assets 21,528.30 21,528.30 0.00 Total 295 ꞏ Restriced Net Assets-Temporary 75,518.40 60,319.40 15,199.00 Net Income 54,572.60 -79,585.19 134,157.79 Total Equity 97,403.59 42,830.99 54,572.60 TOTAL LIABILITIES & EQUITY 156,391.15 86,673.94 69,717.21 02/12/21 Salina Downtown, Inc.Statements of Assets, Liabilities and Net Assets - Tax Basis As of December 31, 2020 and 2019 RESTRICTED FOR MANAGEMENT USE ONLY Jan - Dec 20 Jan - Dec 19 $ Change Ordinary Income/Expense Income 300 ꞏ BID Service Fees 79,532.54 83,700.78 -4,168.24 301 ꞏ CID Service Fees 38,351.17 0.00 38,351.17 305 ꞏ Grant Income 307 ꞏ Facade Grants 50,000.00 50,000.00 0.00 Total 305 ꞏ Grant Income 50,000.00 50,000.00 0.00 310 ꞏ Program Income 43,556.93 19,341.33 24,215.60 315 ꞏ Contributions/Sponsorships Rev 316 ꞏ Contributions City Unrestricted 45,000.00 45,000.00 0.00 Total 315 ꞏ Contributions/Sponsorships Rev 45,000.00 45,000.00 0.00 320 ꞏ Interest Income 239.95 578.53 -338.58 Total Income 256,680.59 198,620.64 58,059.95 Gross Profit 256,680.59 198,620.64 58,059.95 Expense 510 ꞏ Bank Service Charges 0.00 6.00 -6.00 516 ꞏ Maintenance 1,460.78 823.68 637.10 545 ꞏ Dues & Subscriptions 4,355.92 5,158.24 -802.32 548 ꞏ Holiday Lighting & Decorations 0.00 8,963.70 -8,963.70 550 ꞏ Equipment Repair 0.00 342.38 -342.38 555 ꞏ Insurance 3,045.08 5,208.56 -2,163.48 558 ꞏ Marketing 11,981.48 26,561.44 -14,579.96 560 ꞏ Meals 633.06 4,463.30 -3,830.24 563 ꞏ Meeting Expenses 80.90 1,867.78 -1,786.88 565 ꞏ Office 819.35 1,460.64 -641.29 568 ꞏ Other Expenses-Misc.0.00 43.40 -43.40 570 ꞏ Personnel Expense 570.1 ꞏ Payroll Expense 8,399.29 8,235.74 163.55 570.2 ꞏ Salary-Director 55,422.79 12,057.67 43,365.12 570.3 ꞏ Wages 23,418.42 75,112.13 -51,693.71 570.4 ꞏ Benefits Allowance 5,000.00 5,000.00 0.00 Total 570 ꞏ Personnel Expense 92,240.50 100,405.54 -8,165.04 573 ꞏ Postage Expense 463.80 483.73 -19.93 575 ꞏ Printing 1,580.24 2,381.66 -801.42 578 ꞏ Professional Development 200.00 1,107.85 -907.85 580 ꞏ Professional Services 580.1 ꞏ Accounting 8,690.00 9,445.00 -755.00 580.3 ꞏ Consulting 1,200.00 6,600.00 -5,400.00 580 ꞏ Professional Services - Other 75.00 400.00 -325.00 Total 580 ꞏ Professional Services 9,965.00 16,445.00 -6,480.00 585 ꞏ Small Tools & Equipment 141.61 4,502.59 -4,360.98 586 ꞏ Landfill Fees 83.65 307.41 -223.76 588 ꞏ Special Projects 588.1 ꞏ Cluster Marketing 1,272.44 5,994.31 -4,721.87 588.2 ꞏ Facade Program 52,627.66 68,583.44 -15,955.78 588 ꞏ Special Projects - Other 87.72 0.00 87.72 Total 588 ꞏ Special Projects 53,987.82 74,577.75 -20,589.93 590 ꞏ Event/Project Supplies 33,845.77 14,248.39 19,597.38 592 ꞏ Taxes & Fees 136.71 120.58 16.13 593 ꞏ Gasoline & Fuel 435.17 808.81 -373.64 594 ꞏ Travel, Mileage 0.00 2,041.97 -2,041.97 595 ꞏ Occupancy 6,951.15 5,875.43 1,075.72 Total Expense 222,407.99 278,205.83 -55,797.84 Net Ordinary Income 34,272.60 -79,585.19 113,857.79 02/12/21 Salina Downtown, Inc.Statements of Revenues and Expenses - Tax Basis For the years ended December 31, 2020 and 2019 RESTRICTED FOR MANAGEMENT USE ONLY Jan - Dec 20 Jan - Dec 19 $ Change Other Income/Expense Other Income 340 ꞏ Other Income 0.00 0.00 0.00 625 ꞏ PPP Forgiven Debt 20,300.00 0.00 20,300.00 Total Other Income 20,300.00 0.00 20,300.00 Net Other Income 20,300.00 0.00 20,300.00 Net Income 54,572.60 -79,585.19 134,157.79 02/12/21 Salina Downtown, Inc.Statements of Revenues and Expenses - Tax Basis For the years ended December 31, 2020 and 2019 RESTRICTED FOR MANAGEMENT USE ONLY