Audit - 1964
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
REPORT ON EXAMINATION
December 31, 1964
WOODS & DURHAM
Certified Public Accountants
Salina, Kansas
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Exhibit "A"
I Exhibit "B"
Exhibit "c"
I Exhibit "D"
Exhibit "E"
I Exhibit "F"
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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 . . . . . . . . . .
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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2
3
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5
6
7
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
OFFICERS
J. E. Travis
Edwin Bross
Charles McCabe
Leonard Todd
REPRESENTATIVES
Gordon Nichols
Laverne Brockway
Lawrence Tinkler
President
Vice-President
Secretary
Treasurer
Jack Gray
H. J. McCabe
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WOODS &
DURHAM
~ fiJJIic ~
/Jlalma
&fIc- m
~
60S W. NORTH STREET
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P. O. BOX 1324
TELEPHONE - AREA 913, TAvLORS-5494
SALINA, KANSAS, 67402
September 30, 1965
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Board of Directors
Salina Firemen's Relief Association
Salina, Kansas
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Gentlemen:
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In accordance with your instructions an examination has been made of the
financial records of the Salina Firemen's Relief Association, Salina, Kansas,
for the period January 1 to December 31, 1964. The report on this examination
follows.
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SCOPE OF EXAMINATION
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This examination was performed in accordance with the Minimum Standard Audit
Program for Municipalities, approved by the Kansas State Municipal Accounting
Board and such other generally accepted auditing standards and such other
auditing procedures that we considered necessary under the circumstances.
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RECEIPTS
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The amount shown under Exhibit liB" as received from the Kansas Commissioner of
Insurance represents the payment for the year 1962 of $9,596.17 and the pay-
ment for the year 1963 of $10,670.15. The 1962 payment was held up due to an
error on the financial statement sent to the Kansas Insurance Department for
the year ended December 31, 1962, by the Salina Firemen's Relief Association.
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CERTIFICATE
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We certify that, in our opinion, subject to the foregoing comments, the accompany-
ing exhibits properly show the cash position of the Salina Firemen's Relief
Association, Salina, Kansas, at December 31, 1964, and the financial transactions
for the period January 1 to December 31, 1964.
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Respectfully submitted,
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WOODS ~ DURHAM,/!? i
/(;!7/ t(~~
Certified Public Accountant, Licensed
Municipal 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 FUND BALANCE
January 1 to December 31, 1964
Balances - January 1, 1964
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
$ 1,225.03
94,808.07
Receipts
Checking Account
Savings Accounts
$26,000.74
3,177.54
Expenditures
Checking Account
Savings Accounts
$10,135.95
4,808.07
Balance - December 31, 1964
Represented By:
Cash on Deposit - The First National Bank
and Trust Company, Salina, Kansas
Checking Account
Savings Accounts
$17,089.82
93,177.54
$110,267.36
Exhibit "A"
$96,033.10
29,178.28
$125,211. 38
14,944.02
$110.267.36
2.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
RECEIPTS. EXPENDITURES AND CASH BALANCE - CHECKING ACCOUNT
January 1 to December 31, 1964 Exhibit "B"
Balance - January 1, 1964
Receipts
Kansas Commissioner of Insurance
Reimbursement of 15% of insurance premiums
paid by firemen
Insurance premium refunds
Accident and sickness claims - off duty accidents
Transfer from Savings Accounts
Total Beginning Balance Plus Receipts
Expenditures
Insurance premiums
Treasurer's bond
Accident and sickness claims
Accident and sickness claims - off duty accidents
Pensions. to retired firemen
Auditing service
Balance - December 31, 1964
Represented By:
Cash in The First National Bank & Trust
Company, Salina, Kansas - December 31, 1964
$ 1,225.03
$20,266.32
568.15
228.56
129.64
4,808.07 26,000.74
$27,225.77
$ 8,975.05
12.50
148.76
129.64
720.00
150.00 10,135.95
$17,089.82
$17,089.82
3.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
RECEIPTS. EXPENDITURES AND CASH BALANCE - SAVINGS ACCOUNTS
January 1 to December 31, 1964
Balance - January 1, 1964
Receipts
Interest on Savings Accounts
Total Beginning Balance Plus Receipts
Expenditures
Transfer to checking account
Balance - December 31, 1964
Represented By:
Cash in The First National Bank and
Trust Company, Salina, Kansas,
December 31, 1964:
Fund 11 1
Fund 1f2
Fund 113
Fund 114
Fund 1f 5
Fund 1f6
Fund 1f7
Fund 118
Fund 1f9
Fund 1ft 0
$10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
3,177.54
$93,177.54
Exhibit "C"
$94,808.07
3,177.54
$97,985.61
4,808.07
$93,177.54
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
CASH IN BANK
December 31, 1964
Exhibit "D"
Balance per Bank Statement - The First
National Bank and Trust Company, Salina, Kansas,
Checking Account - December 31, 1964
$17,089.82
Deduct - Outstanding Checks
Balance per Books - December 31, 1964
$17 , 089.82
5.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
COMPARISON OF DEPOSITARY SECURITY WITH BALANCES ON DEPOSIT
December 31, 1964 Exhibit "E"
Checking Account - The First National Bank
and Trust Company, Salina, Kansas
Savings Accounts - The First National Bank
and Trust Company, Salina, Kansas
Fund 111
Fund ff2
Fund ff3
Fund 114
Fund 115
Fund 11 6
Fund ff7
Fund 118
Fund ff9
Fund fHO
$10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
3,177.54
Total on Deposit at December 31, 1964
Deduct - Portion Guaranteed by F.D.I.C.
Balance to be Secured by Other Collateral
Portion Required to be Secured - 70%
Collateral Deposited by Bank
$17,089.82
93,177.54
$110,267.36
10,000.00
$100,267.36
$ 70,187.15
$100,000.00
6.
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SALINA FIREMEN'S RELIEF ASSOCIATION
Salina, Kansas
Treasurer, Salina Firemen's
Relief Association
TREASURER'S FIDELITY BOND
December 31, 1964
Date
Effective
9-10-64
Date of
Expiration
9-10-65
Exhibit "F"
Amount
$5,000.00
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