Audit - 1968
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina. Kansas
REPORT ON EXAMINATION
December 31, 1968
WOODS & DURHAM
Certified Public Accountants
Salina, Kansas
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J. E. Travis
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Laverne Brockway
Byrl Glendening
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James Dunn
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
OFFICERS
REPRESENTATIVES
President
Secretary
Treasurer
James Martin
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I Exhibit "A"
Exhibit "B"
I Exhibit "C"
I Exhibit "D"
Exhibit "E"
Exhibit "F"
I Exhibit "G"
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
INDEX
Accountant's Report. . . . . . . . . . .
Receipts, Expenditures and Fund Balance.
Receipts, Expenditures and Cash Balance -
Checking Account. . . . . . . . . . . . . . . . . . .
Receipts, Expenditures and Cash Balance -
Savings Accounts . . . . . . . . . .
I nves tmen ts . . . . . . . . . . . . . . . . . . . . . . .
Cash in Bank . . . . . . . . . . . . . . . .
Comparison of Depositary Security with
Balances on Deposit. . . . . . . . . . . . . . .
Treasurer's Fidelity Bond. . . . . . . . . . . . . . . .
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Page
Number
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WOODS
&
DURHAMd
605 W. NORTH STREET
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P. O. BOX 1324
TELEPHONE - AREA 913, TAYLORS-S494
SALINA, KANSAS, 67401
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March 26, 1969
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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, 1968. 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 exhibits present fairly the cash posi-
tion of the Salina Firemen's Relief Association, Salina, Kansas, at
December 31, 1968, and the cash transactions for the year then ended.
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Respectfully submitted,
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WOODS & DURHAM
! /'/ . .
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C /C-¿~ ,A u:-.æ¿f..P
Certified Public Accountant, Licensed
Municipal Public 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
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RECEIPTS, EXPENDITURES AND FUND BAL&~CE
January 1, to December 31, 1968
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Balances - January 1, 1968
Cash on deposit - The First National Bank and
Trust Company, Salina, Kansas - Checking Account
Cash on deposit - The First National Bank and
Trust Company, Salina, Kansas - Savings Accounts
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Receipts
Checking account
Savings accounts
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Expenditures
Checking account
Balance - December 31, 1968
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Represented By:
Cash on deposit - The First National Bank and Trust
Company, Salina, Kansas - December 31, 1968
Checking account
Savings accounts
Certificate of deposit
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$ 11,522.72
104,253.68
$ 17,079.65
4,211.83
$ 14,444.69
28,465.51
80,000.00
$122,910.20
Exhibit "A"
$115,776.40
21,291.48
$137,067.88
14,157.68
$122,910.20
2.
$11,522.72
$11,015.48
5,000.00
772.29
291. 88 17,079.65
$28,602.37
$13,947.68
25.00
35.00
150.00 14 , 157.68
$14,444.69
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
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RECEIPTS, EXPENDITURES AND CASH BALANCE - CHECKING ACCOUNT
January 1, to December 31, 1968
Balance - January 1, 1968
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Receipts
Kansas Commissioner of Insurance
Life insurance proceeds
Reimbursement of 15% of insurance
paid by firemen
Insurance premium refunds
premiums
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Total Beginning Balance plus Receipts
Expenditures
Insurance premiums
Treasurer's bond
Accident and sickness
Audit
claims
Balance - December 31, 1968
Represented By:
Cash on deposit in The First National Bank
and Trust Company, Salina, Kansas -
December 31, 1968
$14,444.69
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Exhibit "B"
3.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
RECEIPTS, EXPENDITURES AND CASH BALANCE - SAVINGS ACCOUNTS
January 1, to December 31, 1968
Balance - January 1, 1968
Receipts
Interest on savings accounts
Total Beginning Balance plus Receipts
Purchase of Certificate of Deposit
Balance - December 31, 1968
Represented By:
Cash on deposit in The First
and Trust Company, Salina,
December 31, 1968
Fund 1/= 9
Fund #10
National Bank
Kansas -
$10,824.32
17,641. 19
$28,465.51
Exhibit "C"
$104,253.68
4,211.83
$108,465.51
80,000.00
$ 28,465.51
4.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
INVESTMENTS
December 31, 1968
Exhibit "D"
Serial Date of Date of
Number Issue Maturity Rate Amount
Certificate of Deposit
The First National Bank and
Trust Company, Salina, Kansas 4453 10-1-68 10-1-69 5% $80,000.00
5.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
CASH IN BANK
December 31, 1968
Balance per bank statement - The First National
Bank and Trust Company, Salina, Kansas,
Checking account - December 31, 1968
Deduct - Outstanding checks
Balance per books - December 31, 1968
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Exhibit "E"
$17,285.49
2,840.80
$14,444.69
6.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
COMPARISON OF DEPOSITARY SECURITY WITH BALANCES ON DEPOSIT
December 31, 1968
Checking account
Trust Company,
Savings accounts
Trust Company,
Fund # 9
Fund #10
Certificate of deposit - The First National
Bank and Trust Company, Salina, Kansas
- The First National Bank and
Salina, Kansas
- The First National Bank and
Salina, Kansas
Total on Deposit at December 31, 1968
Deduct - Portion guaranteed by F.D.I.C.
Balance to be Secured by Other Collateral
Portion Required to be Secured - 70%
Security Pledged by Bank
$10,824.32
17 , 641. 19
Exhibit "F"
$ 14,444.69
28,465.51
80,000.00
$122,910.20
15,000.00
$107,910.20
$ 75,537.14
$110,000.00
7.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
Treasurer, Salina Firemen's
Relief Association
TREASURER'S FIDELITY BOND
December 31, 1968
Date
Effective
9-10-68
Date of
Expiration
9-10-69
Exhibit "G"
Amount
$10,000.00
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