Audit - 1973
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
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REPORT ON EXAMINATION
December 31, 1973
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WOODS & DURHAM
Certified Public Accountants
Salina, Kansas
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Schedule 1
I Schedule 2
I Schedule 3
Schedule 4
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
INDEX
Accountant's Report. . . . . . . . . .
Receipts, Expenditures and Fund Balance. . . . . .
Investments....................
Comparison of Depository Security with
Balances on Deposit. . . . . . . . . . . . . . .
Treasurer's Fidelity Bond. . . . . . . . . . . . .
Page
Number
1
2
3
4
5
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WOODS
&
DURHAM
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605 W. NORTH STREET
P. O. BOX 1324
TELEPHONE - AREA 913, TAYLOR 5-5494
SALINA, KANSAS, 67401
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August 20, 1974
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Board of Directors
Salina Firemen's Relief Association
Salina, Kansas 67401
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Gentlemen:
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We have examined the financial records of the Salina Firemen's Relief
Association, Salina, Kansas, for the year ended December 31, 1973.
Our examination was performed in accordance with the applicable pro-
visions of the Minimum Standard kldit Program for Municipalities of the
State of Kansas, and accordingly included such tests of the accounting
records and such other auditing procedures as we considered necessary
in the circumstances.
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In our opinion, the accompanying schedules present fairly the cash posi-
tion of the Salina Firemen's Relief Association, Salina, Kansas, at Dec-
ember 31, 1973, and the cash transactions for the year then ended in
conformity with accounting practices generally followed by municipalities
applied on a basis consistent with th~t f the preceding year.
J¿:,V ~'lht1ia~
WOODS DURHAM
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¿/,J! d~ ~~ AI,þ
Lice~~~¡cipal Public Accountant
or Certified Public Accountant in
charge of and actively engaged on
this audit
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
RECEIPTS, EXPENDITURES AND FUtID BALANCE
January 1, to December 31, 1973
FUND BALANCE, January 1, 1973
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RECEIPTS
Kansas Commissioner of Insurance
Insurance premium refunds
Interest
Benefits received from insurance policies
$ 20,264.72
193.22
6,712.42
2,688.72
EXPENDITURES
Medical and other payments to injured
firemen
Life and disability insurance premiums
Blue Cross - Blue Shield
Refund to Firemen's Benefit Fund of 1972
overpayment
Insurance benefits paid out
Other
46.42
9,763.20
17,598.75
687.06
2,688.72
479.05
FUND BALANCE, December 31, 1973
Represented by:
Cash on deposit in The First National Bank
& Trust Company, Salina, Kansas, December
31, 1973
Checking account
Savings account
Certificates of deposit
$ 6,429.48
22,411. 57
100,000.00
$128,841. 05
Schedule 1
$130,245.17
29,859.08
160,104.25
31,263.20
$128,841.05
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
Certificates of Deposit
The First National Bank & Trust
Company, Salina, Kansas
INVESTMENTS
December 31, 1973
Serial
Number
5215
6118
Date of
Issue
4- 1-70
12-15-70
Rate
5 3/4%
5 3/4%
Schedule 2
Amount
$ 80,000.00
20,000.00
$100,000.00
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
COMPARISON OF DEPOSITORY SECURITY WITH BALANCES ON DEPOSIT
December 31, 1973
Schedule 3
F.D.I.C. coverage
Security pledged by bank
$ 20,000.00
130,000.00
$150,000.00
Total depository security
Cash balance per Schedule 1
Add - outstanding checks
$128,841. 05
1,484.00
$130,325.05
Total balance per bank
4.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
Treasurer, Salina Firemen's
Relief Association
TREASURER'S FIDELITY BOND
December 31, 1973
Schedule 4
Date Date of
Effective Expiration Amount
9-10-73 9-10-74 $10,000.00
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