Audit - 2009/2008
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT
December 31, 2009 and 2008
CLUBINE AND RETTELE, CHARTERED
CERTIFIED PUBLIC ACCOUNTANTS
SALINA, KANSAS
~-
SALINA AREACHAMBER OF COMMERCE, INC.
Salina, Kansas
TABLE OF CONTENTS
Page'
INDEPENDENT AUDITORS' REPORT
1
STATEMENTS OF FINANCIAL POSITION - Exhibit I
STATEMENTS OF ACTIVITIES - Exhibit II
STATEMENTS OF CASH FLOWS - Exhibit III
STATEMENT OF FUNCTIONAL EXPENSES - Exhibit IV
NOTES TO FINANCIAL STATEMENTS
2
3
4
5-6
7-10
SCHEDULES OF PROGRAM REVENUES
SCHEDULES OF DIRECT PROGRAM EXPENSES
11
12-13
SCHEDULES OF REVENUES AND EXPENSES UNDER AGREEMENT WITH
THE CITY OF SALINA, SALINE COUNTY AND THE SALINA AIRPORT
AUTHORITY TO PROVIDE ECONOMIC DEVELOPMENT SERVICES
14-16
SCHEDULES OF REVENUES AND EXPENSES UNDER CONTRACT WITH THE
CITY OF SALINA TO PROVIDE CONVENTION AND TOURISM SERVICES
17-18
r ' '
CLUBlNE&.
RETTELE
CHARIERED
Certified Public A:rountants
fTl
Robert I. Clubine, C.P.A.
David A. Rettele, C.PA
Jay D. Langley, C.P.A.
Jon K. Bell, C.P.A.
Leslie M. Corbett, C.P.A.
Stacy J. Osner, C.P.A.
Marci K. Fox, C.P.A.
John T. Millikin, C.P.A.
Linda A. Suelter, C.P.A.
218 South Santa Fe
P.O. Box 2267
Salina, Kansas
67402-2267
Salina
785 / 825-5479
Salina Fax
785 / 825-2446
Ellsworth
785/472-3915
Ellsworth Fax
785/472-5478
INDEPENDENT AUDITORS' REPORT
To: The Board of Directors
Salina Area Chamber of Commerce, Inc.
Salina, Kansas
We have audited the accompanying statements of firiancial position of the Salina Area
Chamber of Commerce, Inc. (a nonprofit organization) as of December 31, 2009 and 2008,
and the related statements of activities, functional expenses, and cash flows for the years
then ended. These financial statements are the responsibility of the Organization's
management. Our responsibility is to express an opinion on these financial statements
based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the
United States of America. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audits provide
a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material
respects, the financial position of Salina Area Chamber of Commerce, Inc. as of December
31,2009 and 2008, and the changes in its net assets and its cash flows for the years then
ended in conformity with accounting principles generally accepted in the United States of
America.
Our audits were conducted for the purpose of forming an opinion on the basic financial
statements taken as a whole. The supplemental information contained in pages 11
through 18 is presented for the purposes of additional analysis and is not a required part of
the basic financial statements. Such information has been subjected to the auditing
procedures applied in the audit of the basic financial statements and, in our opinion, is
fairly stated in all material respects in relation to the basic financial statements taken as a
whole.
CLUBINE AND RETTELE, CHARTERED
June 28, 2010
(1 )
SALINA AREA CHAMBER OF COMMERCE, INC.
. Salina, KaH~~s
Exhibit I
STATEMENTS OF FINANCIAL POSITION
For the Year Ended
December 31,
2009 2008
ASSETS
923,498 $ 792,655
93,839 153,399
384,123 520,757
72,240 92,343 .
635,775 626.322
100,000 100,000
2,209,475 $ 2,285,476
Cash and cash equivalents
Accounts receivable
Unconditional promises to give. net (Note 6)
Prepaid expenses
Land, building and equipment. net (Note 2)
Investment land at market value (Note 3)
$
Total Assets
$
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable $ 17,295 $ 88.971
Accrued taxes and other liabilities 99,478 63,352
Dues collected in advance 37,721 47,214
Program income collected in advance 252,959 159.252
Total Liabilities 407,453 358,789
Net Assets
Unrestricted Net Assets
Designated for fixed assets 735,775 726,322
Designated for convention and tourism 48.098 75,228
U ndesignated 700,969 610,170
Total Unrestricted Net Assets 1,484,842 1,411,720
Temporarily Restricted Net Assets 317,180 514,967
Total Net Assets 1.802,022 1.926,687
Total Liabilities and Net Assets $ 2,209,475 $ / 2,285,476
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(2)
~---- L.
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit II
STATEMENTS OF ACTIVITIES
For the Year Ended
December 31,
2009 2008
Change in Unrestricted Net Assets
Support and Revenue
Membership dues $ 335,188 $ 340,096
Program revenue 246,156 253,362
Economic development 141,836 137,371
Convention and tourism 726,035 751,767
Facility rental 6,765 5,925
Interest 18,802 . 31,867
Miscellaneous 9,000 3,128
Total Unrestricted Support and Revenue 1,483,782 1,523,516
Net Assets Released from Restriction 350,147 318,526
Total Unresricted Support and Revenue 1,833,929 1,842,042
Expenses
Program SerVices
Agriculture 59,319 48,204
Community development 25,000 25,886
Internal affairs 177,313 207,667
Economic development 121,503 107,645
Convention and tourism 302,315 360,187
Total Program Services 685,450 749,589
Supporting Services
Administrative and general expenses 97,022 93,448
Staff expenses 895,357 809,891
Building operation expenses 82,978 113,368
Total Supporting Services 1,075,357 1,016,707
Total Expenses 1,760,807 1,766,296
Increase in Unrestricted Net assets 73,122 75,746
Change in Temporarily Restricted Net Assets
Economic development strategic plan contributions 152,360 224,900
Net Assets Released From Restriction (350,147) (318,526)
Decrease in Temporarily Restricted Net Assets (197,787) (93,626)
Decrease in Net Assets (124,665) (17,880)
Beginning Net Assets 1,926,687 1,944,567
Ending Net Assets $ 1,802,022 $ 1,926,687
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(3)
"
SALINA AREA CHAMBER OF COMMERCE, INC,
Salina, Kansas
Exhibit III .
STATEMENTS OF CASH FLOWS
For the Year Ended
December 31,
2009 2008
Cash Flows From Operating Activities
Cash received from dues and projects
Cash received from government entities
Cash received from other operating activities
Interest received
Cash paid to employees and suppliers
Net Cash Provided by Operating Activities
$ 1,069,993 $ 1,020,511
727,776 759,917
15,765 9,053
18,802 31,867
(1,655,920) (1,788,377)
176,416 32,971
Net Cash Used by Investing Activities
Purchase of equipment
(45,573)
(36,201 )
Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
130,843
792,655
(3,230)
795,885
Cash and Cash Equivalents at End of Year
$
923,498 $
792,655
RECONCILIATION OF DECREASE IN NET ASSETS TO
NET CASH PROVIDED BY OPERATING ACTIVITIES
Decrease in net assets
$
(124,665)$
(17,880)
Adjustments to reconcile decrease in net assets to net
cash provided by operating activities
Depreciation
Decrease (Increase) in accounts receivable
Decrease in promises to give
Decrease in prepaid expenses
Decrease in accounts payable and accrued expenses
Decrease in dues collected in advance
Increase in program income collected in advance
Total Adjustments
Net Cash Provided by Operating Activities
36,121 36,120
59,560 (90,850)
136,634 163,783
20,103 16,551
(35,550) (19,035)
(9,494) (74,603)
93,707 18,885
301,081 50,851
$ 176,416 $ 32,971
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(4)
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(5)
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
{6}
I . '
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31, 2009 and 2008
1. Nature of Organization and Significant Accounting Policies
A. Nature of Organization
Salina Area Chamber of Commerce, Inc. (the "Chamber") is a nonprofit organization located in Salina,
Kansas. Its purpose is to administer various activities advancing the general welfare and prosperity of the
Salina area especially in the areas of economic development and tourism.
B. Income Tax Exemption
The Chamber is exempt from income tax under Internal Revenue Code Section 501 (c)(6).
C. Accounting Method
The books of the Chamber are maintained and these financial statements were prepared on the accrual
method of accounting. Under this method revenues are recognized when earned and expenses are
recognized when incurred.
D. Net Assets
The Chamber has no permanently restricted net assets ang therefore all net assets are classified as either
temporarily restricted or unrestricted. Temporarily restricted net assets consist of contributions to the
Organization's Economic Development Strategic plan that are not yet expended at year end.
The Chamber has established a policy of dividing unrestricted net assets into three components: designated
for fixed assets, designated for convention and tourism and undesignated. Unrestricted net assets
designated for fixed assets is an amount equal to the Chamber's investment in building, furniture, fixtures,
equipment. land improvements and Icmdless accumulated depreciation. Unrestricted net assets designated
for convention and tourism is the excess income over expenditures of the convention and tourism program.
Unrestricted net assets in excess of that designated for fixed assets, economic development and convention
and tourism are undesignated.
E. Cash and Cash Equivalents
For the purpose of the statements of cash flows, the Chamber considers all short-term investment securities
purchased with a maturity of three months or less to be cash equivalents. The Chamber maintains checking,
certificate of deposit, and deposits under repurchase agreements with nine financial institutions in Salina,
Kansas. The amount not covered by F.D.I.C. insurance totaled $267,828, however, this amount was held
under repurchase agreements at Sunflower Bank and is secured by direct or indirect obligations of the
United States Government.
F. Accounts Receivable
Accounts receivable are considered to be fully collectible. Accordingly, the allowance for doubtful accounts
is zero.
G. Inventories
Purchases of supplies that might be considered as inventory are expensed when purchased,. Actual
amounts on hand are considered immaterial.
(7)
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SALINA AREA CHAMBER OF COMMERCE, INC.
Salina. Kansas
NOTES TO FINANCIAL STATEMENTS
December 31, 2009 and 2008
H. Membership Dues and Program Income
Membership dues and program income are recognized as revenue in the year in which they are earned. The
Chamber bills dues in December for the coming membership year, consequently a significant amount of
dues are collected in advance and recorded as dues collected in advance in the financial statements.
Program revenues are sometimes received in the year preceding the actual event, consequently these
revenues are recorded as deferred income in the financial statements.
I. Contributions
Unconditional promises to give. are recognized in the period received. Conditional promises to give are not
recognized until they become unconditional; that is, when the conditions on which they depend are
substantially met. Contributions to be received after one year are discounted at an appropriate discount rate
commensurate with the risks involved. Amortization of discounts is recorded as additional contribution
revenue in accordance with donor-imposed restrictions, if any, on the contributions.
J. Allocation of expenses
The basis for allocation of expenses to specific programs is determined by management. Expenses that can
be directly identified with specific programs are charged to that program. Other expenses are allocated
using predetermined percentages.
K. Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires
the use of management's estimates.
L. Products and services received in payment of dues are recorded at estimated market value by the Chamber.
2. Land, Building and Equipment
Land. Building and Equipment can be summarized as follows:
2009 2008
Land, Building and Equipment
Buildings $ 677.712 $ 633,538
Furniture, fixtures and equipment 378.974 377,575
Land improvements 15,280 15,280
Land 192,691 192,691
1,264,657 1.219,084.
Less: Accumulated depreciation (628,882) (592,762)
Total Land, Building and Equipment (net) $ 635,775 $ 626,322
Land. building and equipment are carried at cost. Depreciation of the building and equipment is computed on a
straight-line basis over the estimated usefIJllives of the respective assets. The building, parking lot and
landscaping are depreciated over their estimated useful lives which range from 8 to 35 years and the estimated
useful lives of the furniture, fixtures and equipment range from 3 to 10 years.
3. Investment Land
The Chamber purchased land on May 31, 1985 for $335,382. One-half of this land was used to construct the
building which now serves as the Chamber's office and remains on the books at its original cost. The remaining
east half of the land was recorded as investment land and is not an integral part of Chamber operations.
Subsequent to its original purchase, it was appraised for $100,000 and consequently written down to its fair
market value.
(8)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31,2009 and 2008
4. Agreement Relating to Economic Development
The Chamber receives contributions from the City of Salina, Saline County and the Salina Airport Authority
(Grantors) to help fund a program, the purpose of which is to encourage economic development in the
Salina/Saline County area. The agreement provides that the Chamber will expend funds received on programs
and services that the parties to this agreement believe will enhance the economic development of the area.
5. Agreement Relating to Convention and Tourism
The Chamber has entered into an agreement with the City of Salina to provide convention and tourism programs
to encourage, promote and solicit conventions and tourism for the City of Salina, and the City has appointed a
Convention and Tourism Advisory Committee to recommend to the Chamber, programs in connection with this
agreement.
Under this agreement the City makes contributions to the Chamber of a portion of the proceeds of the 10,cal
transient guest tax levied on hotel and motel guests.
The Chamber board has designated exces.s income over expenditures for 2009 and 2008 in the amount of
$48,098 and $75,228 respectively, as a reserved net asset for convention and tourism in order to fund future
contracted obligations.
6. Promises to give
Unconditional promises to give at December 31, are as follows:
,
Promises to give expected to be collected in: 2009 2008
Receivable within 1 year $ 248,373 $ 258,533
Receivable beyond 1 year but within 5 years 158,000 291,116
406,373 549,649
Less allowance for uncollectibles (12,489) (16,735)
Less discount on promises to give (9,761) (12,157)
Net unconditional promises to give $ 384,123 $ 520,157
A rate of 2.6% has been used to discount promises to give that management expects to collect more than one
year from the date of the financial statements. The rate is based on the yield of a US treasury note with a similar
maturity date to the collection period. Management considers promises to give to be 97% collectible.
7. Retirement Plan
The Chamber has established a defined contribution retirement plan covering substantially all qualified
employees. Qualified employees are at least 21 years of age and have completed one year of service.
Contributions are made by the Chamber equalto 6% of eligible compensation. The total expense under the plan
was $34,850 and $32,657 for the years ended December 31, 2009 and 2008, respectively.
(9)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31, 2009 and 2008
8. Compensated Absences
The Chamber grants annual paid vacations to its full time employees based on the following schedule:
Years of Service
1-9
10 or more
Annual Vacation
Allowance
10 days
15 days
Vacation days earned must be used within one year and do not accumulate.
9. Leases
The Chamber leases an automobile used in its operations. Total lease expense for the years ended December
31,2009 and 2008 is $4,792 and $6,561, respectively. The following is a schedule of future minimum lease
payments required under these operating leases as of December 31, 2009:
Year Ended
December 31,
2010 $ 1,596
Subsequent
10. Economic Development Strategic Plan
The following information sets forth the amount of temporarily restricted contributions received and expended in
relation to the Chamber's Economic Development Strategic Plan.
Beginning Temporarily Restricted Net Assets
Contributions
Expenditures
Ending Temporarily Restricted Net Assets
$
2009 2008
514,967 $ 608,593
152,360 224,900
(350,147) (318,526)
317,180 $ 514,967
$
11. Subsequent Events
Salina Area Chamber of Commerce, Inc.'s management has evaluated events and transactions occurring after
December 31, 2009 through June 28, 2010. The aforementioned date represents the date the financial
statements were available to be issued.
(10)
SUPPLEMENTAL INFORMATION
~mn
Program Revenues
Farm show
Dairy show
Leadership Salina
Membership meetings
Website sponsorships
Chamber - Net
Legislative action
Military affairs
Gift certificate sponsorship
Annual meeting
SDI support
Total Program Revenues
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF PROGRAM REVENUES
For the Year Ended
December 31,
2009 2008
$
$
83,935 $ 81,325
11,258 12,512
18,983 13,750
10,120 22,675
5,900 9,650
7,390 6,120
1,200 1,200
1,346
1,125
100,900 103,385
3,999 2,745
246,156 $ 253,362
(11 )
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
For the Year Ended
December 31,
2009 2008
Chamber Direct Program Expenses
Agriculture
Farm show
Agriculture development
Dairy show
Total Agriculture Direct Program Expenses
Community Development
Leadership Salina
All America team
Arts
Military affairs
Total Community Development Direct Program Expenses
Internal Affairs
Ambassadors
Membership services
Plans and directors
Communication and image
Chamber - Net
Legislative action
Membership meetings
Annual meeting
Total Internal Affairs Direct Program Expenses
Total Chamber Direct Program Expenses
Economic Development Program Expenses
Business Retention and Expansion
Marketing
Travel/Corporate visits
Research
Software
Professional membership dues
Total Business Retention and Expansion
New Business Attraction
Advertising
Marketing
Printed collateral materials
Travel/call trips and trade shows
Research
Software
Professional membership dues
Total New Business Attraction
$ 47,196 $
1,141
10,982
59,319
22,512
1,012
42
1 ,434
25,000
6,237
5,723
1,127
21,735
4,811
355
9,254
128,071
177,313
261,632
35,701
833
11,670
48,204
25,626
260
25,886
4,493
10;971
3,009
29,872
3,071
7,720
17,785
130,746
207,667
281,757
3,857 13,308
2,016 38
5,510 9,650
1,204 1,912
141 200
12,728 25,108 .
3,819 1,729
28,428 37,473
104 298
1,832 635
794 3,860
604 569
42 650
35,623 45,214
(12)
SALINAAREACHAlVlBER OF COMVERCE,INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
(Continued)
For the Year Ended
Decem ber 31,
~ 2009 ~ 2008
Commercial Development
Marketing and printed materials
Travel/developers
Entrepreneurship development
Research
Research and professional dues
Total Commercial Development
Workforce Development
STClweb services/seminars
Travel/employee recruitrnentljob fairs/dues
HR local events
Marketing
Workforce housing
Outreach specialist
Census
Total Workforce Development
Legislative .Action
Mscellaneous
Total Economic Development Direct Program Expenses
139
710
2,175
391
1,348
84
41
974
3,914
1,181
4,926
3,046
10,522
2,195
9,741
28,005
59,616
3,993
8,569
121,503
2,822
4,836
2'5,751
33,409
107,645
Convention and Tourism Direct Program Expenses
hivertising
Convention and tourism services and marketing
1-70 Association
T.IAK.
Regional marketing
MagazinelKATTlWld West
Tour brochure/cards
Special events
Sports
Hospitality services
Smoky Hill River Festival
\Asit Salina organization dues/artpace
Calendar of Events
Total Convention and Tourism Direct Program Expenses
72,584
37,511
3,314
5,333
23,858
738
3.4,94
13,861
133,083
158
5,000
1,381
2,000
302,315
112,508
73,133
931
7,368
4,479
3,574
11,731
129,765
933
5,000
8,165
2,600
360,187
Total Direct Program Expenses
$
685,450 $
749,589
(13)
~n_
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUES AND EXPENSES UNDER AGREEMENT
WITH THE CITY OF SALINA, SALINE COUNTY AND
THE SALINA AIRPORT AUTHORITY TO PROVIDE
ECONOMIC DEVELOPMENT SERVICES
For the Year Ended
December 31,
2009 2008
Revenues
City of Salina
Saline County
Salina Airport Authority
Economic development strategic plan
Grant services
Program revenue
Total Revenues
$
85,000 $ 85,000
15,000 15,000
20,000 20,000
152,360 224,900
15,300 15,300
6,536 2,071
294,196 $ 362,271
$
Expenses
Program expenses (Schedule 1A)
Administrative and general expenses (Schedule 2A)
Staff expenses (Schedule 3A)
Building operation expenses (Schedule 4A)
Total Expenses
$
121,503 $ 107,645
22,387 32,934
330,433 269,147
17,660 46,171
491,983 $ 455,897
$
(14)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUES AND EXPENSES UNDER AGREEMENT
WITH THE CITY OF SALINA, SALINE COUNTY AND
THE SALINA AIRPORT AUTHORITY TO PROVIDE
ECONOMIC DEVELOPMENT SERVICES
For the Year Ended
December 31,
2009 2008
Schedule 1A - Program Expenses
Business retention $ 12,728 $ 25,108
New business attraction 35,623 45,214
Commercial development 974 3,914
Workforce development 59,617 33,409
Legislative action 3,993
Miscellaneous 8,568
Total Program Expenses $ 121,503 $ 107,645
Schedule 2A - Administrative and General Expenses
Professional services $ 1,093 $ 3,676
Travel expense 5,462 4,400
Office supplies 2,841 7,963
Postage 1,341 1,877
Communications 1,546 2,100
Computer services 4,196 3,799
Equipment services 2,730 5,275
Dues and subscriptions 2,666 2,911
Insurance 512 933
Total Administrative and General Expenses $ 22,387 $ 32,934
Schedule 3A - Staff Expenses
Salaries $ 258,006 $ 203,597
Payroll taxes 18,288 14,600
Group medical insurance 33,910 28,732
Medical reimbursement 1,040 2,553
Retirement 10,820 9,614
Group life insurance 149 563
Cafeteria plan 289 354
Disability 1,581 746
Unemployment tax 472 853
Workers compensation insurance 1,556 975
Professional development 4,322 6,560
Total Staff Expenses $ 330,433 $ 269,147
(15)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUES AND EXPENSES UNDER AGREEMENT
WITH THE CITY OF SALINA, SALINE COUNTY AND
THE SALINA AIRPORT AUTHORITY TO PROVIDE
ECONOMIC DEVELOPMENT SERVICES
(Continued)
For the Year Ended
December 31,
2009 2008
Schedule 4A -Building Operation Expenses
Property insurance
Utilities
Taxes
Maintenance and janitorial
Depreciation
Total Building Operation Expenses
$
$
(16)
1 ,227 $
2,825
3,559
2,464
7,585
17,660 $
3,550
5,381
6,923
15,508
14,809
46,171
, .
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUES AND EXPENSES UNDER CONTRACT
WITH THE CITY OF SALlNATO PROVIDE
CONVENTION AND TOURISM SERVICES
For the Year Ended
December 31,
2009 2008
Revenues
City of Salina
SJBB
High school sports
SOl support
Special functions
Total Revenues
$
607,776 $ 639,917
59,597 59,391
46,573 44,222
11,997 8,237
92
726,035 $ 751,767
$
Expenses
Program expenses (Schedule 1 B) $ 302,315 $ 360,187
Administrative and general expenses (Schedule 2B) 33,608 27,990
Staff expenses (Schedule 3B) 380,889 356,258
Building operation expenses (Schedule 4B) 36,353 36,464
Total Expenses $ 753,165 $ 780,899
(17)
. .
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUES AND EXPENSES UNDER CONTRACT
WITH THE CITY OF SALINA TO PROVIDE
CONVENTION AND TOURISM SERVICES
For the Year Ended
December 31,
2009 2008
Schedule 1 B - Program Expenses
Advertising $ 72,584 $ 112,508
Convention and tourism services and marketing 37,511 89,485
Regional marketing 23,858
Special events 13,861 11,731
Sports 133,083 129,765
Special projects 21,418 16,698
Total Program Expenses $ 302,315 $ 360,187
Schedule 2B - Administration and General Expenses
Professional services $ 2,291 $ 2,869
Travel expense 3,238 4,226
Office supplies . 5,005 7,157
Postage 2,379 1,972
Communications 2,470 1,809
Computer se.rvices 8,793 3,001
Equipment services 5,720 4,176
Dues and subscriptions 2,639 2,351
Insurance 1,073 729
Contingency fund
Total Administration and General Expenses $ 33,608 $ 27,990
Schedule 3B - Staff Expenses
Salaries $ 277,047 $ 258,771
Contract labor 2,356
Payroll tax 18,891 18,241
Group medical insurance 57,816 48,649
Medical reimbursement 1,211 2,874
Retirement 16,284 15,287
Group life insurance 1,032 1,089
Cafeteria plan 584 616
Disability 1,683 1,081
Unemployment tax 599 1,070
Workers compensation insurance 1,565 1,199
Professional development 4,177 5,025
Total Staff Expenses $ 380,889 $ 356,258
Schedule 4B - Building Operation Expenses
Property insurance $ 2,572 $ 2,772
Utilities 5,610 4,484
Taxes 7,293 5,466
Maintenance and janitorial 4,984 12,183
Depreciation 15,894 11,559
Total Building Operation Expenses $ 36,353 $ 36,464
(18)