Audit- 2014/2013 •
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT
December 31, 2014 and 2013
CLUBINE AND RETTELE, CHARTERED
CERTIFIED PUBLIC ACCOUNTANTS
SALINA, KANSAS
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1 i
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& INDEPENDENT AUDITORS' REPORT
RETELE
Certified Public Accountants
To: The Board of Directors
Cif 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, 2014 and 2013, 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,CGMA Management's Responsibility for the Financial Statements
Jon K. Bell,CPA
Leslie M.Corbett CPA,CGMA 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. Linenberger,CPA
Auditor's Responsibility
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 from 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, 2014 and 2013, and the changes in its net assets and its cash flows for
Ellsworth the years then ended in accordance with accounting principles generally accepted in
785/472-3915 the 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.
Clubine and Rettele, Chartered
Salina, Kansas
May 27, 2015
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(2)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit I
STATEMENTS OF FINANCIAL POSITION
For the Year Ended
December 31,
2014. . 2013
ASSETS
Cash and cash equivalents . $ 1,277,190 $ 1,232,200
Accounts receivable 57,509 138,435
Unconditional promise's to give, net(Note 6) 13,200 9,700
Prepaid expenses 87,045 67,754
Land, building and equipment, net(Note 2) 523,892 560,013
Investment land at market value (Note 3) 100,000 100,000
Total Assets $ 2,058,836 $ 2,108,102
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable $ 49,877 $ 33,462
Accrued taxes and other liabilities 305,342 284,452
Dues collected in advance 31,334 34,466
Program income collected in advance 141,738 . 151,475
Total Liabilities . 528,291 503,855.
Net Assets
Unrestricted Net Assets .
Designated for fixed assets 623,892 660,012
Designated for convention and tourism 119,740 77,357
Undesignated 773,713 857,178
Total Unrestricted Net Assets 1,517,345 1,594,547
Temporarily Restricted Net Assets 13,200. .9,700
Total Net Assets 1,530,545 1,604,247
Total Liabilities and Net Assets $ 2,058,836 $ 2,108,102
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,
2014 2013
Change in Unrestricted Net Assets
Support and Revenue
Membership dues $ • 341,561 $ 353,998
Program revenue 285,108 450,645
Economic development 158,758 297,180
Convention and tourism 771,242 762,491
Facility rental 5,500 7,500
Interest . 3,736- 4,880
Miscellaneous 10,758 9,391
Total Unrestricted Support and Revenue . 1,576,663 1,886,085
Net Assets Released from Restriction 11,500 : 7,300
Total Unresricted Support and Revenue 1,588,163 1,893,385
Expenses
Program Services
Agriculture 63,553 61,394
Community development 21,097 183,666
Internal affairs 163,287 173,273
Chamber Program Services 247,937 418,333
Economic development 100,202 189,200
Convention and tourism 266,377 273,611
Total Program Services 614,516 881,144
Supporting Services
Administrative and general expenses 104,055 • 100,801 .
Staff expenses • 858,552 917,697.
Building operation expenses 88,242 94,529
Total Supporting Services 1,050,849 1,113,027
Total Expenses 1,665,365 1,994,171
Decrease in Unrestricted Net assets (77,202) (100,786)
Change in Temporarily Restricted Net Assets
Economic development strategic plan contributions 15,000 17,000
Net Assets Released From Restriction (11,500) (7,300)
Increase in Temporarily Restricted Net Assets 3,500 9,700 .
Decrease in Net Assets (73,702) (91,086)
Beginning Net Assets 1,604,247 1,695,333
Ending Net Assets $ 1,530,545 $ 1,604,247
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,
2014 2013
Cash Flows From Operating Activities
Cash received from dues and projects $ 771,406 $ 1,087,123
Cash received from government entities 877,689 735,397
Cash received from other operating activities 16,258 16,891
Interest received 3,736 4,880
Cash paid to employees and suppliers (1,624,099) (1,907,708)
Net Cash Provided (Used) by Operating Activities 44,990 (63,417)
Net Cash Used by Investing Activities
Purchase of equipment - (4,706)
Net Increase (Decrease) in Cash and Cash Equivalents 44,990 (68,123)
Cash and Cash Equivalents at Beginning of Year 1,232,200 1,300,323
Cash and Cash Equivalents at End of Year $ 1,277,190 $ 1,232,200
RECONCILIATION OF DECREASE IN NET ASSETS
TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES
Decrease in net assets $ (73,702) $ (91,086)
Adjustments to reconcile decrease in net assets
to net cash provided (used) by operating activities
Depreciation 36,121 36,119
Decrease (Increase) in accounts receivable 80,926 (49,094)
Increase in promises to give (3,500) (9,700)
Decrease (Increase) in prepaid expenses (19,291) 13,636
Increase in accounts payable and accrued expenses 37,305 57,420
Decrease in dues collected in advance (3,132) (14,556)
Decrease in program income collected in advance (9,737) (6,156)
Total Adjustments 118,692 27,669
Net Cash Provided (Used) by Operating Activities $ 44,990 $ (63,417)
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, 2014 . •
Economic
Develop- Convention
Chamber ment Tourism Total
Direct Program Expenses $ 247,937 $ 100,202 $ 266,377 $ 614,516.
Administrative and General Expenses
Professional services 3,765 1,385 4,271 9,421
Travel expense 4;604 • 4,117 2,295 11,016
Office supplies 4,255 - 1,693 4,820 10,768
Postage 2,314 866 2,623' 5,803
Communications 3,085 1,092 3,51,1 7,688
Computer services 6,268 2,153 7,135 15,556
Equipment services '. 6,243 2,027 7,126 15,396
Dues and subscriptions 5,600 2,297 3,082 10,979
Insurance 481 141 553 1,175
Contingency fund 14,950 505 798 16,253 •
Total Administrative and General Expenses 51,565 16,276 . 36,214 104,055
Staff Expenses
Salaries - 181,109 173,524 290,568 • 645,201
Payroll taxes 12,827 12,495 20,584 45,906
Contract labor 3,766 3,766 3,880 11,412
Group medical insurance 28,242 20,246 '42,293 90,781
Medical reimbursement 708 1,879 2,301 • 4,888
Group wellness - 150 161 240 551
Retirement , 11,020 10,533 17,966 39,519
Group life insurance 247 . . (196) 1,303 1,354
Cafeteria plan 248 214 501 963
Disability 1,381 1,181 1,886 4,448
Unemployment tax 270 508 603 1,381
Workers compensation insurance 568 703 1,013 2,284
- Professional development 2,496 4,981 2,387 9,864
Total Staff Expenses 243,032 229,995 385,525 . 858,552
Building Operation Expenses
Property insurance 2,126 623 2,439 5,188
Utilities 6,574 1,876 6,500 14,950
Taxes 8,177 2,431 9,367 19,975
Maintenance and janitorial 4,809 1,740 5,461 12,010
Depreciation 14,809 4,334 16,976 36,119
Total Building Operation Expenses 36,495 11,004 40,743 . • '88,242
Total Expenses $ . 579,029 $ 357,477 $ 728,859 $ 1,665,365
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 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.
(7)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31, 2014 and 2013
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 2011, 2012, and 2013 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 $566,065, 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, 2014 and 2013
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.
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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. .
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•
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:
2014 2013
Land, Building and Equipment
Buildings $ 689,787 $ 689,787
Furniture, fixtures and equipment • 435,616 . 435,616
Land impro■,ements . 15,280 15,280
Land 192,691 192,691
1,333,374 • 1,333,374
Less: Accumulated depreciation (809,482) (773,361)
Total Land, Building and Equipment (net) $ 523,892 $ 560,013
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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)
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• SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas •
NOTES TO FINANCIAL STATEMENTS
December 31, 2014 and 2013
4. Agreement Relating to Economic Development
In 2014 and 2013, 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 2014 and 2013 in the amount of
$119,740 and $77,357 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: 2014 2013
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• Receivable within 1 year - $ • 5,650 $ 4,600
Receivable beyond 1 year but within 5 years 7,550 5,100
• 13,200 9,700
Less allowance for uncollectibles - -
Less discount on promises to give - - -
•
Net unconditional promises to give $ 13,200 $ 9,700
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$39,519 and $40,551 for the years ended December 31, 2014 and 2013, respectively.
•
(10) •
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31, 2014 and 2013
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, 2014 and 2013 is $3,684 and $5,855, respectively. The following is a schedule of future
minimum lease payments required under these operating leases as of December 31, 2014:
Year Ended
December 31,
2015 $ 3,684 •
2016 307
2017 -
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.
2014 2013
Beginning Temporarily Restricted Net Assets $ 9,700 $ -
Contributions 15,000 17,000
Expenditures (11,500) (7,300)
Ending Temporarily Restricted Net Assets $ 13,200 $ 9,700
11. Investment Income:
Interest income was earned on repurchase accounts and certificate of deposits in the amount of$3,736 and
$4,880 for the years ending December 31, 2014 and 2013. .
12. Subsequent Events
Salina Area Chamber of Commerce, Inc.'s management has evaluated events and transactions occurring after
December 31, 2014 through May 27, 2015. 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,
2014 2013
Program Revenues
Farm show $ 109,469 $ 99,790
Dairy show 11,818 12,275
Leadership Salina 14,950 17,800
International trip - 158,466
Membership meetings 9,350 8,926
Leadercast 18,146 15,844
Business hall of fame 2,084 2,560
Web advertising 3,906 3,619
Chamber- Net 4,520 4,745
Legislative action 1,100 1,200
Gift certificate sponsorship 1,350 1,200
Annual meeting 108,415 124,220
Total Program Revenues $ 285,108 $ 450,645
(12)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
For the Year Ended
December 31,
2014 2013
Chamber Direct Program Expenses
Agriculture
Farm show $ 50,476 $ 48,292
Agriculture development 898 874
Dairy show 12,179 12,228
Total Agriculture Direct Program Expenses 63,553 61,394
Community Development
Leadership Salina .17,700 16,350
International trip 1,213 157,642
All America team . 245 195
Salina Makes Sense 1,939 9,479
Total Community Development Direct Program Expenses 21,097 183,666
Internal Affairs
Ambassadors 6,547 5,222
Membership services 4,720 3,957
Plans and directors 756 1,531
Communication and image 20,994 22,069
Chamber- Net 4,143 4,153
Legislative action 494 346
Membership meetings 6,961 5,585
Leadercast 12,992 12,829
Business hall of fame 6,654 6,467
Annual meeting 99,026 111,114
Total Internal Affairs Direct Program Expenses 163,287 173,273
Total Chamber Direct Program Expenses 247,937 418,333
Economic Development Program Expenses
Business Retention and Expansion
Marketing 920 2,911
Travel/Corporate visits 1,211 -
Research 14,412 933
Computer hardware/software 814 _ 767
Total Business Retention and Expansion 17,357 4,611
(13)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
(Continued)
For the Year Ended
December 31,
2014 2013
New Business Attraction
Advertising 213 2,908
Marketing 6,274 14,698
Project development support 28,265
Printed collateral materials .1,329 992
Travel/call trips and trade shows 2,749 1,457
Research 12,199 17,249
Computer hardware/software 959 911
Professional membership dues 1,270 1,345
Total New Business Attraction 24,993 67,825
Commercial Development
Marketing - 87
Research - 701
Total Commercial Development - 788
Workforce Development
STC/web services/seminars 47 452
Travel/employee recruitment/job fairs/dues 710. 278
HR local events 75 125
Marketing 256 5,080
Workforce housing 30,000 100,000
Young professional network 24,075 • 372
Total Workforce Development 55,163 106,307
Air Service development
Seaport marketing 713 -
Legislative Action 129 148
Military Affairs 1,847 9,371
Miscellaneous - 150
Total Economic Development Direct Program Expenses 100,202 189,200
(14)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
(Continued)
•
For the Year Ended
December 31,
2014 . 2013
Convention and Tourism Direct Program Expenses
Advertising 72,634 71,671
Convention marketing 8,116 . .7,280
Convention services 7,379 . 9,747
Tourism Marketing
Marketing 17,758 18,528
1-70 association 4,899 4,791 .
TIAK 276 2,542
Total Tourism Marketing 22,933 25,861
Sporting Events
Special events 10,505 10,733
High school basketball 3,000 3,000
High School wrestling 754 836
High school football 20,792 25,620
High school baseball/softball 23,106 21,757
NJCAA women's basketball 91,122 86,415
ASA softball . 664 . - 724
Total Commercial Development 149,943 149,085
Special Projects .
Hospitality services 517 654
Smoky Hill River Festival - 5,000
Visit Salina organization dues/art 2,445 1,865
Calendar of events 2,400 2,400
Miscellaneous 10 . 48
Total Special Projects 5,372 9,967
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Total Convention and Tourism Direct Program Expense . . 266,377 273,611
Total Direct Program Expenses $ 614,516 $ 881,144
(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 SAUNA AIRPORT AUTHORITY TO PROVIDE
ECONOMIC DEVELOPMENT SERVICES
For the Year Ended
December 31,
2014 2013
Revenues
City of Salina $ 7,083 $. .125,100
Saline County 30,633 30,633
Salina Airport Authority 15,000 15,000
Economic development strategic plan 15,000 17,000
Grant services 15,300 15,300
Program revenue 90,742 111,147
Total Revenues. $ 173,758 $ 314,180
Expenses
Program expenses (Schedule 1A) $ 100,202 $ 189,200
Administrative and general expenses (Schedule 2A) 16,276 25,040
Staff expenses (Schedule 3A) 229,995 326,023
Building operation expenses (Schedule 4A) 11,004. 23,590
Total Expenses $ 357,477 $ 563,853
(16)
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,
2014 2013
Schedule 1A- Program Expenses
Business retention and expansion $ 17,357 $ 4,611
New business attraction 24,993 67,825
Commercial development - 788
Workforce development 55,163 106,307
Air service development 713 -
Legislative action 129 148
Military affairs 1,847 9,371
Miscellaneous -. 150
Total Program Expenses $ 100,202 $ 189,200
Schedule 2A-Administrative and General Expenses
Professional services $ 1,385 $ 1,897
Travel expense 4,117 5,443
Office supplies 1,693 3,377
Postage 866 1,657
Communications 1,092 1,548
Computer services 2,153 3,117
Equipment services 2,027 3,746
Dues and subscriptions 2,297 2,890
Insurance 141 385
Contingency fund 505 980
Total Administrative and General Expenses $ 16,276 $ 25,040
Schedule 3A- Staff Expenses .
Salaries $ 173,524 $ 257,603
Payroll taxes 12,495 18,798
Contract labor 3,766 -
Group medical insurance 20,246 24,291
Medical reimbursement 1,879 2,165
Group wellness 161 817
Retirement 10,533 14,424
Group life insurance (196) (172)
Cafeteria plan 214 278
Disability 1,181 1,567
Unemployment tax 508 1,682
Workers compensation insurance 703 493
Professional development 4,981 4,077
Total Staff Expenses $ 229,995 $ 326,023
(17)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
S CHEDULES 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,
2014 2013
Schedule 4A-Building Operation Expenses
Property insurance $ 623. $ - 1,239
Utilities 1,876 3,801
Taxes 2,431 4,868
Maintenance and janitorial 1,740 4,652
Depreciation 4,334 9,030
Total Building Operation Expenses $ . . 11,004 $. ., 23,590
(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,
2014 2013
Revenues
City of Salina $ 638,842 $ 630,480
NJCAAwomen's basketball 82,834 75,498
High school sports 45,536 52,532
Special functions .4,030 . 3,981
Total Revenues $ 771,242.. $ _ .762,491
Expenses
Program expenses (Schedule 1 B) $ 266,377 $ • 273,611
Administrative and general expenses (Schedule 2B) 36,214 29,426
Staff expenses (Schedule 3B) 385,525 380,316
Building operation expenses (Schedule 4B) . 40,743 36,781
Total Expenses $ . . _ .. 728,859 $ 720,134
(19)
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,
2014 2013
Schedule 1B - Program Expenses
Advertising _ $ 72,634 $ 71,671
Convention marketing 8,116 7,280
_ Convention services 7,379 9,747
Tourism marketing 22,933 25,861
Sports • 149,943 149,086
Special projects 5,372 9,966
Total Program Expenses $ 266,377 $ 273,611
Schedule 2B-Administration and General Expenses
Professional services $ 4,271 $ 2,951
Travel expense 2,295 1,645
Office supplies 4,820 5,265
Postage 2,623 1,480
Communications 3,511 2,413
Computer services 7,135 4,863
Equipment services 7,126 5,842
Dues and subscriptions 3,082 2,837
Insurance 553 601
Contingency fund 798 1,529
Total Administration and General Expenses $ 36,214 $ 29,426
•
Schedule 3B-Staff Expenses
Salaries $ 290,568 $ 293,304
Payroll tax 20,584 20,413
Contract labor 3,880 -
Group medical insurance 42,293 37,216
Medical reimbursement 2,301 2,567
Group wellness 240 957
Retirement 17,966 17,640
Group life insurance 1,303 722
Cafeteria plan 501 490
Disability 1,886 1,869
Unemployment tax 603 1,966
Workers compensation insurance 1,013 535
Professional development 2,387 2,637
Total Staff Expenses $ 385,525 $ 380,316
Schedule 4B= Building Operation Expenses
Property insurance $ 2,439 $ 1,934
Utilities 6,500 5,924
Taxes 9,367 7,592
Maintenance and janitorial 5,461 7,244
Depreciation . 16,976 14,087
Total Building Operation Expenses $ _ 40,743 $ 36,781
(20)
L .