Audit - 2011/2010 SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT
December 31, 2011 and 2010
CLUBINE AND RETTELE, CHARTERED
CERTIFIED PUBLIC ACCOUNTANTS
SALINA, KANSAS
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
TABLE OF CONTENTS
Page
INDEPENDENT AUDITORS' REPORT 1
STATEMENTS OF FINANCIAL POSITION - Exhibit I 2
STATEMENTS OF ACTIVITIES- Exhibit II 3
STATEMENTS OF CASH FLOWS - Exhibit III 4
STATEMENT OF FUNCTIONAL EXPENSES- Exhibit IV 5-6
NOTES TO FINANCIAL STATEMENTS 7-10
SCHEDULES OF PROGRAM REVENUES 11
SCHEDULES OF DIRECT PROGRAM EXPENSES 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
CLUBINE •
•
RETTELE
CHARTERED INDEPENDENT AUDITORS' REPORT
Certified Public Accountants
To: The Board of Directors
•
eg, Salina Area Chamber of Commerce, Inc.
Salina, Kansas
We have audited the accompanying statements of financial position of Salina Area
Chamber of Commerce, Inc. (a nonprofit organization) as of December 31, 2011 and
2010, and the related statements of activities, cash flows, and functional expenses for
the years then ended. These financial statements are the responsibility of the
Robert I.clubine,C.P.A. Organization's management. Our responsibility is to express an opinion on these
David A. Rettele, C.P.A. financial statements based on our audits.
Jay D.Langley,C.P.A.
Jon K. Bell, C.P.A. We conducted our audits in accordance with auditing standards generally accepted in the
Leslie M.Corbett, C.P.A. United States of America. Those standards require that we plan and perform the audit to
Stacy J. osner,C.P.A. obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the
Maid K. Fox,C.P.A. amounts and disclosures in the financial statements. An audit also includes assessing
John T. Millikin,C.P.A. the accounting principles used and significant estimates made by management, as well
Linda A.Svelter,C.P.A.
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, 2011 and 2010, 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 financial
statements 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
financial statements. Such information is the responsibility of management and was
• derived from and relates directly to the underlying accounting and other records used to
•
prepare the financial statements. The information has been subjected to the auditing
procedures applied in the audit of the financial statements and certain additional
procedures, including comparing and reconciling such information directly to the
218 South Santa Fe underlying accounting and other records used to prepare the financial statements or to
P.O. Box 2267 the financial statements themselves, and other additional procedures in accordance with
Salina, Kansas auditing standards generally accepted in the United States of America. In our opinion,
67402-2267 the information is fairly stated in all material respects in relation to the financial
statements as a whole.
Salina CLUBINE AND RETTE CHARTERED
785/825-5479 Q2A L.+-ice
Salina Fax
785/825-2446
Ellsworth
785/472-3915
Ellsworth Fax
785/472-5478 March 19, 2012
(1)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit I
STATEMENTS OF FINANCIAL POSITION
For the Year Ended
December 31,
2011 2010
ASSETS
Cash and cash equivalents $ 1,187,468 $ 1,069,231
Accounts receivable 130,120 101,604
Unconditional promises to give, net (Note 6) 166,911 266,540
Prepaid expenses 57,266 • 143,452
Land, building and equipment, net(Note 2) 615,856 615,241
Investment land at market value (Note 3) 100,000 100,000
Total Assets $ 2,257,621 - $ 2,296,068
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable $ 49,751 $ 9,039
Accrued taxes and other liabilities 178,382 171,846
Dues collected in advance 19,608 58,835
Program income collected in advance 128,082 207,679
Total Liabilities 375,823 447,399
Net Assets
Unrestricted Net Assets
Designated for fixed assets 715,856 715,241
Designated for convention and tourism 16,398 4,843
Undesignated 1,023,048 902,460
Total Unrestricted Net Assets 1,755,302 1,622,544
Temporarily Restricted Net Assets 126,496 226,125
Total Net Assets 1,881,798 1,848,669
Total Liabilities and Net Assets $ 2,257,621 $ 2,296,068
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(2)
•
SALINA AREA CHAMBER OF COMMERCE, INC.
. Salina, Kansas
Exhibit II
STATEMENTS OF ACTIVITIES
For the Year Ended
December 31,
2011 2010
Change in Unrestricted Net Assets
Support and Revenue
Membership dues $ 337,629 $ 337,382
Program revenue 415,032 393,106
Economic development 155,627 165,624
Convention and tourism 715,445 671,311
Facility rental 13,180 13,225
Interest 10,890 11,644
Miscellaneous 4,998 7,523
Total Unrestricted Support and Revenue 1,652,801 1,599,815
Net Assets Released from Restriction 320,733 310,815
Total Unresricted Support and Revenue 1,973,534 1,910,630
Expenses •
Program Services
Agriculture 62,978 61,628
Community development 104,733 29,267
Internal affairs 219,075 212,424
Economic development 113,854 98,800
• Convention and tourism 270,207 300,171
Total Program Services 770,847 702,290
Supporting Services
Administrative and general expenses 103,221 94,865
Staff expenses 874,507 888,337
Building operation expenses 92,201 87,436
Total Supporting Services 1,069,929 1,070,638
Total Expenses 1,840,776 1,772,928
Increase in Unrestricted Net assets 132,758 137,702
Change in Temporarily Restricted Net Assets
Economic development strategic plan contributions 221,104 219,760
Net Assets Released From Restriction (320,733) (310,815)
Decrease in Temporarily Restricted Net Assets (99,629) (91,055)
Increase in Net Assets 33,129 46,647
Beginning Net Assets 1,848,669 1,802,022
Ending Net Assets $ 1,881,798 $ 1,848,669
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,
2011 2010
Cash Flows From Operating Activities
Cash received from dues and projects $ 1,198,880 $ 1,226,537
Cash received from government entities 717,070 670,464
Cash received from other operating activities 18,178 20,748
Interest received 10,890 11,644
Cash paid to employees and suppliers (1,790,046) (1,768,074)
Net Cash Provided by Operating Activities 154,972 161,319
Net Cash Used by Investing Activities
Purchase of equipment (36,735) (15,586)
Net Increase in Cash and Cash Equivalents 118,237 145,733
Cash and Cash Equivalents at Beginning of Year 1,069,231 923,498
Cash and Cash Equivalents at End of Year $ 1,187,468 $ 1,069,231
RECONCILIATION OF INCREASE IN NET ASSETS TO
NET CASH PROVIDED BY OPERATING ACTIVITIES
Increase in net assets $ 33,129 $ 46,647
Adjustments to reconcile increase in net assets
to net cash provided by operating activities
Depreciation 36,120 36,120
Increase in accounts receivable (28,516) (7,765)
Decrease in promises to give 99,629 117,583
Decrease (Increase) in prepaid expenses 86,186 (71,212)
Increase in accounts payable and accrued expenses 47,248 64,112
Increase(Decrease) in dues collected in advance (39,227) 21,114
Decrease in program income collected in advance (79,597) (45,280)
Total Adjustments 121,843 114,672
Net Cash Provided by Operating Activities $ 154,972 $ 161,319
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(4)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina; Kansas
Exhibit IV a
STATEMENT OF FUNCTIONAL EXPENSES
For the Year Ended December 31, 2011
. Economic
Develop- Convention
Chamber ment Tourism Total
Direct Program Expenses $ 386,786 $ 113,854 $ 270,207 $ 770,847
Administrative and General Expenses
Professional services 3,287 2,023 3,119 8,429
Travel expense 7,134 5,883 2,674 15,691
Office supplies 4,746 2,921 5,507 13,174
Postage 3,186 1,961 3,022 8,169
Communications 2,278 1,402 2,161 5,841
Computer services 5,594 3,442 5,550 14,586
Equipment services 5,804 3,571 5,506 14,881
Dues and subscriptions 4,344 2,079 2,409 8,832
Insurance 1,019 627 968 2,614
Contingency fund 11,004 - - 11,004
Total Administrative and General Expenses 48,396 23,909 30,916 103,221
Staff Expenses
Salaries 161,882 221,139 271,923 654,944
Payroll taxes 11,266 15,838 18,443 45,547
Group medical insurance 21,226 42,414 51,601 115,241
Medical reimbursement 279 287 2,319 2,885
Group wellness 625 984 1,267 2,876
Retirement 7,579 10,465 15,585 33,629
Group life insurance 181 592 1,011 1,784
Cafeteria plan 282 338 444 1,064 .
Disability 975 1,427 1,656 4,058
Unemployment tax 775 1,069 1,183 3,027
Workers compensation insurance 733 1,114 1,172 3,019
Professional development 1,806 2,577 2,050 6,433
Total Staff Expenses 207,609 298,244 368,654 874,507
Building Operation Expenses
Property insurance 2,239 1,378 2,124 5,741
Utilities 5,750 3,538 5,455 14,743
Taxes 8,551 5,262 8,112 21,925
Maintenance and janitorial 5,333 3,281 5,058 13,672
Depreciation 14,086 8,669 13,365 36,120
Total Building Operation Expenses 35,959 22,128 34,114 92,201
Total Expenses $ 678,750 $ 458,135 $ 703,891 $ 1,840,776
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(5)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit IV b
STATEMENT OF FUNCTIONAL EXPENSES
For the Year Ended December 31, 2010
Economic
Develop- Convention
Chamber ment Tourism Total
Direct Program Expenses $ 303,319 $ 98,800 $ 300,171 $ 702,290
Administrative and General Expenses
Professional services 2,471 1,520 2,360 6,351
Travel expense 4,702 4,563 1,869 11,134
Office supplies 6,099 3,741 6,199 16,039
Postage 1,405 839 1,849 4,093
Communications 1,636 1,002 1,639 4,277
Computer services 4,330 2,655 4,288 11,273
Equipment services 4,991 3,064 4,872 12,927
Dues and subscriptions 4,762 2,708 2,608 10,078
Insurance 1,068 658 1,014 2,740
Contingency fund 15,953 - - 15,953
Total Administrative and General Expenses 47,417 20,750 26,698 94,865
Staff Expenses .
Salaries 152,603 246,490 259,561 658,654
Contract labor 177 - - 177
Payroll taxes 10,924 17,734 18,194 46,852
Group medical insurance 20,506 46,484 50,651 117,641
Medical reimbursement 310 1,436 371 . 2,117 •
Retirement 7,838 15,519 16,314 39,671
Group life insurance 99 187 862 1,148
Cafeteria plan 212 336 516 1,064
Disability 901 1,475 1,592 3,968
Unemployment tax 666 1,090 1,226 2,982
Workers compensation insurance 694 1,117 1,121 2,932
Professional development 2,448 4,255 4,428 11,131
Total Staff Expenses 197,378 336,123 354,836 888,337
Building Operation Expenses
Property insurance 2,151 1,324 2,041 5,516
Utilities 5,248 3,206 5,443 13,897
Taxes 6,236 3,836 5,950 16,022
Maintenance and janitorial 6,087 3,731 6,062 15,880
Depreciation 14,087 8,669 13,365 36,121
Total Building Operation Expenses 33,809 20,766 32,861 87,436
Total Expenses $ 581,923 $ 476,439 $ 714,566 $ 1,772,928
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(6)
•
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31, 2011 and 2010
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 Organization is a not-for-profit organization that is exempt from income taxes under Section 501(c)(6)
of the Internal Revenue Code. The Organization's Forms 990, Return of Organization Exempt from
Income Tax, for the years ending 2008, 2009, and 2010 are subject to examination by the IRS, generally
for three years after they were filed.
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 and 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 land less 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 bash 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 eight financial
institutions in Salina, Kansas. The amount not covered by F.D.I.C. insurance totaled $473,863, 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)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31, 2011 and 2010
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 management to make estimates and assumptions that affect certain reported amounts and
disclosures. Accordingly, actual results could differ from those estimates.
L. Products and services received in payment of dues are recorded at estimated market value by the
Chamber.
2. Land, Building and Equipment can be summarized as follows:
Land, Building and Equipment
Buildings $ 689,787 $ 677,712
Furniture, fixtures and equipment 419,220 394,560
Land improvements 15,280 15,280
Land 192,691 192,691
1,316,978 1,280,243
Less: Accumulated depreciation (701,122) (665,002)
Total Land, Building and Equipment(net) $ 615,856 $ 615,241
Land, building and equipment are carried at cost. Depreciation of the building and equipment is computed on
a straight-line basis over the estimated useful lives 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, 2011 and 2010
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 local
transient guest tax levied on hotel and motel guests.
The Chamber"board has designated excess income over expenditures for 2011 and 2010 in the amount of
$16,398 and $4,843 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: 2011 2010
Receivable within 1 year $ 172,073 $ 255,456
Receivable beyond 1 year but within 5 years - 20,500
172,073 275,956
Less allowance for uncollectibles (5,162) (8,166)
Less discount on promises to give - (1,250)
Net unconditional promises to give $ 166,911 $ 266,540
No discount on promises to give has been computed at December 31, 2011 because all remaining promises to
give are due within one year. 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 equal to 6% of eligible compensation. The total expense under the
plan was $33,629 and $39,671 for the years ended December 31, 2011 and 2010, respectively.
(9)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31, 2011 and 2010
8. Compensated Absences
The Chamber grants annual paid vacations to its full time employees based on the following schedule:
Annual Vacation
Years of Service Allowance
1-9 10 days
10 or more 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, 2011 and 2010 is $5,735 and $6,374, respectively. The following is a schedule of future
minimum lease payments required under these operating leases as of December 31, 2011:
Year Ended
December 31,
2012 $ 5,734
2013 956
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.
2011 2010
Beginning Temporarily Restricted Net Assets $ 226,125 $ 317,180
Contributions 221,104 219,760
Expenditures (320,733) (310,815)
Ending Temporarily Restricted Net Assets $ 126,496 $ 226,125
11. Subsequent Events
Salina Area Chamber of Commerce, Inc.'s management has evaluated events and transactions occurring after
December 31, 2011 through March 19, 2012. The aforementioned date represents the date the financial
statements were available to be issued.
(10)
SUPPLEMENTAL INFORMATION
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF PROGRAM REVENUES
For the Year Ended
December 31,
2011 2010
Program Revenues
Farm show $ 93,576 $ 91,362
Dairy show 12,081 11,565
Leadership Salina 15,600 15,618
China trip 92,581 -
Membership meetings 22,342 11,959
Website sponsorships 4,200 4,200
Chamber- Net 5,135 5,700
Legislative action 1,200 1,200
Military affairs - 2,927
Gift certificate sponsorship 1,125 1,200
Annual meeting 153,055 229,450
SDI support 14,137 17,925
Total Program Revenues $ 415,032 $ 393,106
•
(11)
SALINA ARE A CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
For the Year Ended
December 31, -
2011 2010
Chamber Direct Program Expenses
Agriculture
Farm show $ 48,708 $ 49,308
Agriculture development 2,181 1,016
Dairy show 12,089 11,304
Total Agriculture Direct Program Expenses 62,978 61,628
Community Development -
Leadership Salina 13,362 21,009
China trip 89,259
All America team 197 522
Arts - 5,079
Transportation 1,915 -
Military affairs - 2,657
Total Community Development Direct Program Expenses 104,733 29,267
Internal Affairs
Ambassadors 6,146 6,309
Membership services 4,887 5,136
Plans and directors 1,087 999
Communication and image 22,144 24,426
Chamber- Net 4,510 3,945
Legislative action 426 576
Membership meetings 19,619 13,727
Annual meeting 160,256 157,306
Total Internal Affairs Direct Program Expenses 219,075 212,424
Total Chamber Direct Program Expenses 386,786 303,319
Economic Development Program Expenses
Business Retention and Expansion
Marketing 5,697 275
Travel/Corporate visits 53 2,503
Research 5,360 832
Computer hardware/software 1,921 1,526
Professional membership dues 216 335
Total Business Retention and Expansion 13,247 5,471
New Business Attraction
Advertising 944 3,515
Marketing 19,967 26,189
Travel/call trips and trade shows 915 1,958
Research 15,085 3,540
. Computer hardware/software 821 550
Professional membership dues 1,381 300
Total New Business Attraction 39,113 36,052
(12)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
(Continued)
For the Year Ended
December 31,
2011 2010
Commercial Development
Marketing 60 185
Travel/developers - 68
Research - 15
Professional membership dues 56 275
Total Commercial Development 116 543
Workforce Development
STC/web services/seminars 8,795 11,281
Travel/employee recruitment/job fairs/dues 618 2,420
HR local events 110 5
Marketing 17,524 14,942
Research 11,400 -
YPN 498 4,295
Census 492 22,034
Total Workforce Development 39,437 54,977
Legislative Action 1,685 1,757
Military Affairs 18,512 -
Miscellaneous 1,744 -
Total Economic Development Direct Program Expenses 113,854 98,800
Convention and Tourism Direct Program Expenses
Advertising 64,246 70,512
Convention marketing 14,190 12,308
Convention services 9,908 21,107
Tourism marketing 17,654 27,489
Sports 151,937 159,288
Hospitality services 1,158 -
Smoky Hill River Festival 5,000 5,000
Visit Salina organization dues/artpace 3,889 2,067
Calendar of Events 2,200 2,400
Calendar of Events 25 -
Total Convention and Tourism Direct Program Expenses 270,207 300,171
Total Direct Program Expenses $ 770,847 $ 702,290
(13)
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,
2011 2010
Revenues
City of Salina $ 85,000 $ 85,000
Saline County 15,000 15,000
Salina Airport Authority 20,000 20,000
Economic development strategic plan 221,104 219,760
Grant services 15,300 15,300
Program revenue 20,327 30,324
Total Revenues $ 376,731 $ 385,384
Expenses
Program expenses (Schedule 1A) $ 113,854 $ 98,800
Administrative and general expenses (Schedule 2A) 23,909 20,750
Staff expenses (Schedule 3A) 298,244 336,123
Building operation expenses (Schedule 4A) 22,128 20,766
Total Expenses $ 458,135 $ 476,439
(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,
2011 2010
Schedule 1A- Program Expenses _
Business retention $ 13,247 $ 5,471
New business attraction 39,113 36,052
Commercial development 116 543
Workforce development 39,437 54,977
Legislative action 1,685 1,757
Military affairs 18,512 -
Miscellaneous . 1,744 -
Total Program Expenses $ 113,854 $ 98,800
Schedule 2A-Administrative and General Expenses
Professional services $ 2,023 $ 1,520
Travel expense 5,883 4,563
Office supplies 2,921 3,741
Postage 1,961 839
Communications 1,402 1,002
Computer services 3,442 2,655
Equipment services 3,571 3,064
Dues and subscriptions 2,079 2,708
Insurance 627 658
Total Administrative and General Expenses $ 23,909 $ 20,750
Schedule 3A-Staff Expenses
Salaries $ 221,139 $ 246,490
Payroll taxes 15,838 17,734
Group medical insurance 42,414 46,484
Medical reimbursement 287 1,436
Group wellness 984 -
Retirement 10,465 15,519
Group life insurance 592 187
Cafeteria plan 338 336
Disability 1,427 1,475
Unemployment tax 1,069 1,090
Workers compensation insurance 1,114 1,117
Professional development 2,577 4,255
Total Staff Expenses - $ 298,244 $ 336,123
•
(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,
2011 2010
Schedule 4A -Building Operation Expenses
Property insurance $ 1,378 $ 1,324
Utilities 3,538 3,206
Taxes 5,262 3,836
Maintenance and janitorial 3,281 3,731
Depreciation 8,669 8,669
Total Building Operation Expenses $ 22,128 $ 20,766
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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,
2011 2010
Revenues
City of Salina $ 597,070 $ 550,464
NJCAA women's basketball 63,717 59,840
High school sports 45,624 49,388
SDI support - 2,414
Special functions 9,034 9,205
Total Revenues $ 715,445 $ 671,311
Expenses
Program expenses (Schedule 1B) $ 270,207 $ 300,171
Administrative and general expenses (Schedule 2B) 30,916 26,698
Staff expenses (Schedule 3B) 368,654 354,836
Building operation expenses (Schedule 4B) 34,114 32,861
Total Expenses $ 703,891 $ 714,566
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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,
2011 2010
Schedule 1B - Program Expenses
Advertising $ - 64,246 $ 70,512
Convention marketing 14,190 12,308
Convention services 9,908 21,107
Tourism marketing • 17,654 27,489
Sports 151,937 159,288
Special projects 12,272 9,467
Total Program Expenses $ 270,207 $ 300,171
Schedule 2B -Administration and General Expenses
Professional services $ 3,119 $ 2,360
Travel expense 2,674 1,869
Office supplies 5,507 6,199
Postage 3,022 1,849
Communications - 2,161 1,639
Computer services 5,550 4,288
Equipment services 5,506 4,872
Dues and subscriptions 2,409 2,608
Insurance 968 1,014
Total Administration and General Expenses $ 30,916 $ _ 26,698
Schedule 3B - Staff Expenses
Salaries $ 271,923 $ 259,561
Payroll tax 18,443 18,194
Group medical insurance 51,601 50,651
Medical reimbursement 2,319 371
Group wellness 1,267 -
Retirement 15,585 16,314
Group life insurance 1,011 862
Cafeteria plan 444 516
Disability 1,656 1,592
Unemployment tax 1,183 1,226
Workers compensation insurance 1,172 1,121
Professional development 2,050 4,428
Total Staff Expenses $ 368,654 $ . 354,836
Schedule 48 - Building Operation Expenses
Property insurance $ 2,124 $ 2,041
Utilities 5,455 5,443
Taxes 8,112 5,950
Maintenance and janitorial 5,058 6,062
Depreciation 13,365 13,365
Total Building Operation Expenses $ 34,114 $ 32,861
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