Audit - 1970
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
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REPORT ON EXfu~INATION
December 31, 1970
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WOODS & DURHfuy[
Certified Public Accountants
Salina, Kansas
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James Lacy
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Gordon Nichols
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Laverne Brockway
Byrl Glendening
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Edwin Bross
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
OFFICERS
REPRESENTATIVES
President
Vice President
Secretary
Treasurer
Ed Bowles
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Schedule 1
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Schedule 2
Schedule 3
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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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7ledi/2ed :fuNic ";:/«Æ'.unlanlJ
Ø'/lker- in
!Julina
(e/a:; 7/oi/,/t
fJJclu'1
WOODS
&
DURHAM
60S W. NORTH STREET
P. O. BOX 1324
TELEPHONE - AREA 913. TAYLOR 5-5494
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SALINA, KANSAS, 67401
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June 23, 1971
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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 Fireme~'s
Relief Association, Salina, Kansas, for the year ended December
31, 1970. Our examination was performed in accordance with the
applicable provisions of the Minimum Standard Audit 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 position of the Salina Firemen's Relief Association, Salina,
Kansas, at December 31, 1970, and the cash transactions for the
year then ended.
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Respectfully submitted,
Jß'U>JfU /¿,¡~
ce~;v;~bliC Accountant
in charge of and actively
engaged on this audit
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1.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
RECEIPTS, EXPENDITURES ~ND FUND BALfu~CE
January 1, to December 31, 1970
FUND BALANCE, January 1, 1970
RECEIPTS
Kansas Commissioner of Insurance
Insurance premium refunds
Firemen's Benefit Fund
Interest
EXPENDITURES
Medical and other payments to injured
firemen
Life and disability insurance premiums
Blue Cross - Blue Shield
Audit
Treasurer's bond
FUND BALANCE, December 31, 1970
Represented by:
Cash on deposit in The First National Bank
& Trust Company, Salina, Kansas, December
31, 1970
Checking account
Savings account
Certificates of deposit
$ 15,171. 00
342.37
1,645.32
5,718.86
158 . 57
5,585.74
12,704.14
150.00
25.00
$ 14,410.64
6,959.69
102,314.67
$123,685.00
Schedule 1
$119 , 430 . 90
22,877 . 55
$142,308.45
18,623.45
$123,685.00
2.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
Certificates of Deposit
The First National Bank & Trust
Company, Salina, Kansas
HNESTMENTS
December 31, 1970
Serial
Number
Date of
Issue
Date of
Maturity
5215
6118
4- 1- 70
12-15- 70
4- 1- 72
12-15- 72
Schedule 2
Rate
A"T1Oent
5 3/4% $ 82,314.67
5 3/4% 20,000.00
$102,314.67
3.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
COMPARISON OF DEPOSITORY SECURITY WITH BAL~~CES ON DEPOSIT
December 31, 1970 Schedule 3
F.D.I.C. coverage
Security pledged by bank
$ 20,000.00
110,000.00
$130,000.00
Total depository security
Total cash on deposit at December 31, 1970 - per Schedule 1
$123.685.00
4.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
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Treasurer, Salina Firemen's
Relief Association
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TREAS1~ER'S FIDELITY BO~~
DeceITber 31, 1970
Date
Effective
9-10- 70
Date of
Expiration
9-10- 71
Schedule 4
.4mount
$10,000.00
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