Audit- 2013/2012 •
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
•
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT
December 31, 2013 and 2012
CLUBINE AND RETTELE, CHARTERED
CERTIFIED PUBLIC ACCOUNTANTS
SALINA, KANSAS
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
TABLE OF CONTENTS
Page
INDEPENDENT AUDITORS' REPORT 1-2
STATEMENTS OF FINANCIAL POSITION - Exhibit I 3
STATEMENTS OF ACTIVITIES - Exhibit II 4
STATEMENTS OF CASH FLOWS - Exhibit III 5
STATEMENT OF FUNCTIONAL EXPENSES - Exhibit IV 6-7
NOTES TO FINANCIAL STATEMENTS 8-11
SCHEDULES OF PROGRAM REVENUES 12
SCHEDULES OF DIRECT PROGRAM EXPENSES 13-15
SCHEDULES OF REVENUES AND EXPENSES UNDER AGREEMENT WITH
THE CITY OF SALINA, SALINE COUNTY AND THE SALINA AIRPORT
AUTHORITY TO PROVIDE ECONOMIC DEVELOPMENT SERVICES 16-18
SCHEDULES OF REVENUES AND EXPENSES UNDER CONTRACT WITH THE
CITY OF SALINA TO PROVIDE CONVENTION AND TOURISM SERVICES 19-20
CLUBINE
1 1 LL
INE INDEPENDENT AUDITORS' REPORT
RE 1lC D
Certified Public Aammtmas
•
To: The Board of Directors
rigir Salina Area Chamber of Commerce, Inc.
Salina, Kansas
We have audited the accompanying financial statements of Salina Area Chamber of
Commerce, Inc. (a nonprofit organization)which comprise the statements of financial
position as of December 31, 2013 and 2012, and the related statements of activities,
functional expenses and cash flows for the years then ended, and the related notes to
Robert I.Clubine,CPA the financial statements.
David A.Rettele,CPA
Jay D.Langley,CPA,COMA Management's Responsibility for the Financial Statements
Jon K.Bell,CPA
Leslie M.Corbett,CPA Management is responsible for the preparation and fair presentation of these financial
Stacy J.Osner,CPA
statements in accordance with accounting principles generally accepted in the United
States of America; this includes the design, implementation, and maintenance of
Marci K Fox,CPA internal control relevant to the preparation and fair presentation of financial statements
Linda A.Svelter,CPA that are free from material misstatement, whether due to fraud or error.
Johnna R.Vosseller,CPA
Valerie K.Linnenberger,CPA
Auditor's Responsibility
• Our responsibility is to express an opinion on these financial statements based on our
audits. We conducted our audit 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 involves performing procedures to obtain audit evidence about the amounts
and disclosures in the financial statements. The procedures selected depend on the
auditor's judgment, including the assessment of the risks of material misstatement of
the financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the entity's preparation
and fair presentation of the financial statements in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the entity's internal control. Accordingly, we express no
218 South Santa Fe such opinion. An audit also includes evaluating the appropriateness of accounting
P.O. Box 2267 policies used and the reasonableness of significant accounting estimates made by
Salina, Kansas management, as well as evaluating the overall presentation of the financial statements.
67402-2267
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion.
Salina Opinion
785/825-5479
Salina Fax In our opinion, the financial statements referred to above present fairly, in all material
785/825-2446 respects, the financial position of Salina Area Chamber of Commerce, Inc. as of
December 31; 2013 and 2012, and the changes in its net assets and its cash flows for
Ellsworth the years then ended in conformity with accounting principles generally accepted in the
785/472-3915 United States of America.
Ellsworth Fax
785/472-5478
(1)
Other Matters
Our audits were conducted for the purpose of forming an opinion on the financial statements as a whole. The
supplemental information, contained in pages 12 through 20, is presented for the purpose 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
underlying accounting and other records used to prepare the financial statements or to the financial statements
• themselves, and other additional procedures in accordance with auditing standards generally accepted in the
United States of America. In our opinion, the information is fairly stated in all material respects in relation to the
financial statements as a whole.
c4../ . . /lac,., caAr .t-
•
Clubine and Rettele, Chartered
Salina, Kansas
March 26, 2014
(2)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit I
STATEMENTS OF FINANCIAL POSITION
For the Year Ended
December 31;
2013 2012
ASSETS
Cash and cash equivalents $ 1,232,200 $ 1,300,323
Accounts receivable 138,435 89,341
Unconditional promises to give, net (Note 6) 9,700 -
Prepaid expenses 67,754 81,390
Land, building and equipment, net (Note 2) 560,013 591,426
Investment land at market value (Note 3) . 100,000 100,000
Total Assets $ 2,108,102 $ 2,162,480
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable 5 33,462 $ 25,833
Accrued taxes and other liabilities 284,452 234,661
Dues collected in advance 34,466 14,556
Program income collected in advance 151,475 192,097
Total Liabilities 503,855 467,147
Net Assets
Unrestricted Net Assets
Designated for fixed assets 660,012 691,426
Designated for convention and tourism 77,357 35,000
Undesignated 857,178 968,907
Total Unrestricted Net Assets 1,594,547 1,695,333
Temporarily Restricted Net Assets 9,700 -
Total Net Assets 1,604,247 1,695,333
Total Liabilities and Net Assets $ 2,108,102 $ 2,162,480
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(3)
•
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit II
STATEMENTS OF ACTIVITIES
•
For the Year Ended
December 31,
-
2013 2012
Change in Unrestricted Net Assets
Support and Revenue
Membership dues $ 353,998 $ 331,395
Program revenue 450,645 245,811
•
Economic development 297,180 162,057
Convention and tourism 762,491 733,256
Facility rental 7,500 10,125
Interest 4,880 7,119
Miscellaneous 9,391 16,540
Total Unrestricted Support and Revenue 1,886,085 1,506,303
Net Assets Released from Restriction 7,300 126,496
Total Unresricted Support and Revenue 1,893,385 1,632,799
Expenses
Program Services
Agriculture 61,394 59,595
Community development 183,666 18,584
Iritemal affairs 173,273 146,190
Chamber Program Services 418,333 224,369
Economic development 189,200 122,226
Convention and tourism 273,611 262,657
Total Program Services 881,144 609,252
Supporting Services
Administrative and general expenses 100,801 101,814
Staff expenses 917,697 890,062
Building operation expenses 94,529 91,640
Total Supporting Services 1,113,027 1,083,516
Total Expenses 1,994,171 1,692,768
Decrease in Unrestricted Net assets (100,786) (59,969)
Change in Temporarily Restricted Net Assets
Economic development strategic plan contributions 17,000 -
Net Assets Released From Restriction (7,300) (126,496)
Increase (Decrease) in Temporarily Restricted Net Assets 9,700 (126,496) .
Decrease in Net Assets (91,086) (186,465)
Beginning Net Assets 1,695,333 1,881,798
Ending Net Assets $ 1,604,247 $ 1,695,333
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(4)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit III
STATEMENTS OF CASH FLOWS
For the Year Ended
December 31,
2013 2012
Cash Flows From Operating Activities
Cash received from dues and projects S 1,087,123 S 920,030
Cash received from government entities 735,397 719,764
Cash received from other operating activities 16,891 26,665
Interest received 4,880 7,119
Cash paid to employees and suppliers (1,907,708) (1,549,033)
Net Cash Provided (Used) by Operating Activities (63,417) 124,545
Net Cash Used by Investing Activities
Purchase of equipment (4,706) (11,690)
Net Increase (Decrease) in Cash and Cash Equivalents (68,123) 112,855
Cash and Cash Equivalents at Beginning of Year 1,300,323 1,187,468
Cash and Cash Equivalents at End of Year S 1,232,200 S 1,300,323
RECONCILIATION OF INCREASE (DECREASE) IN NET ASSETS '
TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES
Decrease in net assets $ (91,086) S (186,465)
Adjustments to reconcile decrease in net assets
to net cash provided (used) by operating activities
Depreciation 36,119 36,120
Decrease (Increase) in accounts receivable (49,094) 40,779
Decrease (Increase) in promises to give (9,700) 166,911
Decrease (Increase) in prepaid expenses 13,636 (24,124)
Increase in accounts payable and accrued expenses 57,420 32,361
Decrease in dues collected in advance (14,556) (5,052)
Increase (Decrease) in program income collected in advance (6,156) 64,015
Total Adjustments 27,669 311,010
Net Cash Provided by Operating Activities $ (63,417) S 124,545
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 a
STATEMENT OF FUNCTIONAL EXPENSES
For the Year Ended December 31, 2013
Economic
Develop- Convention
Chamber ment Tourism Total
Direct Program Expenses $ 418,333 $ 189,200 $ 273,611 $ 881,144
Administrative and General Expenses
Professional services 2,812 1,897 2,951 7,660
Travel expense 4,298 5,443 1,645 11,386
Office supplies 5,594 3,377 5,265 14,236
Postage 1,414 1,657 1,480 4,551
Communications 2,235 1,548 2,413 6,196
Computer services 4,488 3,117 4,863 12,468
Equipment services 5,404 3,746 5,842 14,992
Dues and subscriptions 4,887 2,890 2,837 10,614
Insurance 555 385 601 1,541
Contingency fund 14,648 980 1,529 17,157
Total Administrative and General Expenses 46,335 25,040 29,426 100,801
Staff Expenses
Salaries 160,690 257,603 293,304 711,597
Payroll taxes 11,287 18,798 20,413 50,498
Contract labor - -
Group medical insurance 23,887 24,291 37,216 85,394
Medical reimbursement 1,261 2,165 2,567 5,993
Group wellness 560 817 957 2,334
Retirement 8,487 14,424 17,640 40,551
Group life insurance (19) (172) 722 531
Cafeteria plan 323 278 490 1,091
Disability 1,067 1,567 1,869 4,503
Unemployment tax 916 1,682 1,966 4,564
Workers compensation insurance 278 493 535 1,306
Professional development 2,621 4,077 2,637 9,335
Total Staff Expenses 211,358 326,023 380,316 917,697
Building Operation Expenses
Property insurance 1,785 1,239 1,934 4,958
Utilities 5,532 3,801 5,924 15,257
Taxes 7,022 4,868 7,592 19,482
Maintenance and janitorial 6,817 4,652 7,244 18,713
Depreciation 13,002 9,030 14,087 36,119
Total Building Operation Expenses 34,158 23,590 36,781 94,529
Total Expenses $ 710,184 $ 563,853 $ 720,134. $ 1,994,171
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(6)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit IV b
STATEMENT OF FUNC11ONAL EXPENSES
For the Year Ended December 31, 2012
- Economic
Develop- Convention
Chamber ment Tourism Total
Direct Program Expenses $ 224,369 $ 122,226 $ 262,657 $ 609,252
Administrative and General Expenses
Professional services 3,007 1,850 2,853 7,710
Trawl expense 6,751 6,881 2,460 16,092
Office supplies 5,806 3,679 5,510 14,995
Postage 1,792 1,102 1,700 4,594
Communications 2,473 1,550 2,302 6,325
Computer services 4,865 2,993 4,614 12,472
Equipment services 6,452 3,970 6,121 16,543
Dues and subscriptions 4,380 2,470 2,379 9,229
Insurance 1,067 657 1,012 2,736
Contingency fund 4,113 2,891 4,114 11,118
Total Administrative and General Expenses 40,706 28,043 33,065 101,814
Staff Expenses
Salaries 158,259 205,885 284,131 648,275
Payroll taxes 10,955 14,645 19,458 45,058
Contract labor - 28,800 250 29,050
Group medical insurance 21,787 28,009 51,960 101,756
Medical reimbursement 291 762 404 1,457
Group wellness 691 940 1,134 2,765
Retirement 8,194 12,722 16,944 37,860
Group life insurance 70 507 998 1,575
Cafeteria plan 330 381 528 1,239
Disability 984 1,474 1,878 4,336
Unemployment tax 904 1,286 1,820 4,010
Workers compensation insurance 712 953 1,328 2,993
Professional development 2,609 2,887 4,192 9,688
- Total Staff Expenses 205,786 299,251 385,025 890,062
Building Operation Expenses
Property insurance 2,431 1,496 2,306 6,233
Utilities 5,613 3,454 5,325 14,392
Taxes 7,737 4,761 7,340 19,838
Maintenance and janitorial 5,872 3,614 5,571 15,057
Depreciation 14,086 8,669 13,365 36,120
Total Building Operation Expenses 35,739 21,994 33,907 91,640
Total Expenses $ 506,600 $ 471,514 $ 714,654 $ 1,692,768
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
•
(7)
•
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31, 2013 and 2012
•
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 2010, 2011, and 2012 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 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 eight financial
institutions in Salina, Kansas. The amount not covered by F.D.I.C. insurance totaled 3468,765, 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.
(8)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31, 2013 and 2012
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:
2013 2012
Land, Building and Equipment
Buildings S 689,787 $ 689,787
Fumiture, fixtures and equipment 435,616 430,910
Land improvements 15,280 15,280
Land 192,691 192,691
1,333,374 1,328,668
Less: Accumulated depreciation (773,362) (737,242)
Total Land, Building and Equipment (net) $ 560,012 $ 591,426
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.
• (9)
•
•
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31, 2013 and 2012
4. Agreement Relating to Economic Development
In 2013 and 2012, the Chamber received 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 provided 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 2013 and 2012 in the amount of
$77,357 and $35,000 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: 2013 • 2012
•
Receivable within 1 year S 4,600 S -
Receivable beyond 1 year but within 5 years 5,100
9,700 -
Less allowance for uncollectibles - -
Less discount on promises to give - -
Net unconditional promises to give S 9,700 S -
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 $40,551 and $37,860 for the years ended December 31, 2013 and 2012, respectively.
•
(10)
•
•
•
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31, 2013 and 2012
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, 2013 and 2012 is $5,855 and $5,734, respectively. The following is a schedule of future
minimum lease payments required under these operating leases as of December 31, 2013:
•
Year Ended
December 31,
2014 $ 3,684
2015 3,684
2016 307
10. Economic Development Strategic Plan
The following information sets forth the amount of temporarily restricted contributions received and expended
in relation to the Chambers Economic Development Strategic Plan.
2013 2012
Beginning Temporarily Restricted Net Assets $ - $ 126,496
Contributions 17,000 -
Expenditures (7,300) (126,496)
Ending Temporarily Restricted Net Assets $ 9,700 $ -
11. Investment Income:
Interest income was earned on repurchase accounts and certificate of deposits in the amount of$4,880 and
$7,119 for the years ending December 31, 2013 and 2012.
12. Subsequent Events
Salina Area Chamber of Commerce, Inc.'s management has evaluated events and transactions occurring after
December 31, 2013 through March 26, 2014. The aforementioned date represents the date the financial
statements were available to be issued.
(11)
SUPPLEMENTAL INFORMATION
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF PROGRAM REVENUES
For the Year Ended
December 31,
• 2013 2012
Program Revenues
Farm show $ 99,790 $ 98,114
Dairy show 12,275 11,816
Leadership Salina 17,800 17,650
International trip 158,466 -
Membership meetings 27,330 21,106
•
Website sponsorships 3,619 4,200
Chamber- Net 4,745 4,130
. Legislative action 1,200 • 1,200
Gift certificate sponsorship 1,200 1,200
Annual meeting 124,220 86,395
Total Program Revenues $ 450,645 $ 245,811
(12)
•
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
- SCHEDULES OF DIRECT PROGRAM EXPENSES
For the Year Ended
•
December 31,
2013 2012
Chamber Direct Program Expenses
Agriculture
Farm show $ 48,292 $ 46,751
Agriculture development 874 941
Dairy show 12,228 11,903
Total Agriculture Direct Program Expenses 61,394 59,595
Community Development
Leadership Salina 16,350 - 17,765
International trip 157,642 271
All America team/Arts 195 548
Salina Makes Sense 9,479
Total Community Development Direct Program Expenses 183,666 18,584
Internal Affairs
Ambassadors 5,222 6,931
Membership services 3,957 . 3,058
Plans and directors 1,531 1,656
Communication and image 22,069 23,274
Chamber- Net 4,153 4,316
Legislative action - 346 49
Membership meetings 24,881 20,550
Annual meeting 111,114 86,356
Total Internal Affairs Direct Program Expenses 173,273 146,190
Total Chamber Direct Program Expenses 418,333 224,369
Economic Development Program Expenses
•
Business Retention and Expansion
Marketing 3,028 29,242
Research 816 353
Computer hardware/software 767 1,946
Professional membership dues - 158
Total Business Retention and Expansion 4,611 31,699
New Business Attraction -
Advertising 2,908 -
Marketing 14,698 23,829
-
Project development support 28,265
Printed collateral materials 992
• Travel/call trips and trade shows 1,457
Research 17,249 4,050
Computer hardware/software 911 990
Professional membership dues 1,345 683
Total New Business Attraction 67,825 29,552
(13)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
(Continued)
For the Year Ended
December 31,
• 2013 2012
Commercial Development
Marketing 87 126
Research 701
Professional membership dues - 334
Total Commercial Development 788 460
Workforce Development
STC/web services/seminars 452 (1,277)
Travel/employee recruitment/job fairs/dues 278 10
HR local events 125 25
Marketing 5,080 10,566
Workforce housing 100,000 -
SAYP/YPN . 372 172
Total Workforce Development 106,307 9,496
Legislative Action 148 2,277
Military Affairs 9,371 6,187
Miscellaneous 150 11,777
Total Economic Development Direct Program Expenses 189,200 122,226
Convention and Tourism Direct Program Expenses
Advertising 71,671 57,432
Convention marketing 7,280 12,160
Convention services 9,747 8,517
Tourism Marketing
Marketing 18,528 15,658
1-70 association 4,791 4,754
TIAK 2,542 1,231
Total Tourism Marketing 25,861 21,643
•
(14)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES -
(Continued)
For the Year Ended
December 31,
2013 2012
Sporting Events
Special events 10,733 10,196
High school basketball 3,000 3,117
High School wrestling 836 755
High school football 25,620 20,561
High school baseball/softball 21,757 23,634
NJCAA women's basketball . 86,415 91,706
ASA & AFA softball 724 2,819
Total Commercial Development 149,085 152,788
Special Projects
Hospitality services 654 934
Smoky Hill River Festival 5,000 5,000
Visit Salina organization dues/art 1,865 1,650
Calendar of events 2,400 2,400
Miscellaneous 48 133
Total Special Projects 9,967 10,117
Total Convention and Tourism Direct Program Expense 273,611 262,657
Total Direct Program Expenses S 881,144 $ 609,252
(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
For the Year Ended
December 31,
2013 2012
•
-
Revenues
City of Salina $ 125,100 5 85,000
Saline County 30,633 15,000
Salina Airport Authority 15,000 15,000
•
Economic development strategic plan 17,000 -
Grant services 15,300 15,300
Program revenue 111,147 31,757
Total Revenues S 314,180 $ 162,057
Expenses -
Program expenses (Schedule 1A) $ 189,200 $ 122,226
Administrative and general expenses (Schedule 2A) 25,040 28,043
Staff expenses (Schedule 3A) 326,023 299,251
Building operation expenses (Schedule 4A) 23,590 21,994
Total Expenses $ 563,853 $ 471,514
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• (16)
S ALINA 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,
2013 2012
Schedule 1A - Program Expenses
Business retention and expansion $ 4,611 $ . 31,699
New business attraction 67,825 29,552
Commercial development 788 460
Workforce development 106,307 9,496
Uncollectible pledges - 30,778
Legislative action 148 2,277
Military affairs 9,371 6,187
Miscellaneous 150 11,777
Total Program Expenses $ 189,200 $ 122,226
Schedule 2A -Administrative and General Expenses
Professional services 5 1,897 $ 1,850
Travel expense 5,443 6,881
Office supplies 3,377 3,679
Postage 1,657 1,102
Communications 1,548 1,550
Computer services 3,117 2,993
Equipment services 3,746 3,970
Dues and subscriptions 2,890 2,470
Insurance 385 657
Contingency fund 980 2,891
Total Administrative and General Expenses 5 25,040 $ 28,043
Schedule 3A - Staff Expenses
Salaries $ 257,603 $ 205,885
Payroll taxes 18,798 14,645
Contract labor - 28,800
Group medical insurance 24,291 28,009
Medical reimbursement 2,165 762
Group wellness 817 940
Retirement 14,424 12,722
Group life insurance (172) 507
Cafeteria plan 278 381
Disability 1,567 1,474
Unemployment tax 1,682 1,286
Workers compensation insurance 493 953
Professional development 4,077 2,887
Total Staff Expenses $ 326,023 $ 299,251
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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,
2013 2012
Schedule 4A -Building Operation Expenses
Property insurance S 1,239 $ 1,496
Utilities 3,801 3,454
Taxes 4,868 4,761
Maintenance and janitorial 4,652 3,614
Depreciation 9,030 8,669
Total Building Operation Expenses $ 23,590 S 21,994
(18)
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,
2013 2012
•
Revenues •
City of Salina - - s 630,480 $ 604,764
NJCAA women's basketball 75,498 79,323 .
High school sports 52,532 48,409
Special functions 3,981 760
Total Revenues $ 762,491 $ 733,256
Expenses
Program expenses (Schedule 1B) $ 273,611 $ 262,657
Administrative and general expenses (Schedule 2B) 29,426 33,065
Staff expenses (Schedule 3B) 380,316 385,025
Building operation expenses (Schedule 4B) 36,781 33,907
Total Expenses $ 720,134 $ 714,654
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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
CONVEN11ON AND TOURISM SERVICES
For the Year Ended
December 31,
2013 2012
-
Schedule 1B - Program Expenses
Advertising - $ 71,671 $ 57,432
Convention marketing 7,280 12,160
Convention services 9,747 - , 8,517
•
Tourism marketing 25,861 21,643
•
Sports 149,086 152,788
Special projects 9,966 10,117
Total Program Expenses $ 273,611 $ 262,657
Schedule 2B -Administration and General Expenses
Professional services $ 2,951 $ 2,853
Travel expense 1,645 2,460
Office supplies 5,265 5,510
Postage 1,480 1,700
Communications 2,413 2,302 •
Computer services 4,863 4,614
Equipment services 5,842 6,121
•
Dues and subscriptions 2,837 2,379
Insurance 601 1,012
Contingency fund 1,529 4,114
Total Administration and General Expenses $ 29,426 $ 33,065
Schedule 3B -Staff Expenses -
Salaries S 293,304 $ 284,131
Payroll tax 20,413 19,458
Contract labor - 250
Group medical insurance 37,216 51,960
Medical reimbursement 2,567 404
Group wellness 957 1,134
Retirement 17,640 16,944
Group life insurance 722 998
Cafeteria plan . 490 528
Disability 1,869 1,878
Unemployment tax 1,966 1,820
Workers compensation insurance 535 1,328
Professional development 2,637 4,192
Total Staff Expenses 5 380,316 $ 385,025
Schedule 4B - Building Operation Expenses
Property insurance $ 1,934 $ 2,306
Utilities 5,924 5,325
Taxes 7,592 7,340
Maintenance and janitorial 7,244 5,571
Depreciation 14,087 13,365
Total Building Operation Expenses $ 36,781 $ 33,907
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