Audit - 2002/2003
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT
December 31, 2003 and 2002
HARRISON & ARNETT, CHARTERED
CERTIFIED PUBLIC ACCOUNTANTS
SALINA, KANSAS
SALINA AREA CHAMBER OF COMMERCE, INe.
Salina, Kansas
TABLE OF CONTENTS
Page
INDEPENDENT AUDITORS' REPORT
STATEMENTS OF FINANCIAL POSITION - Exhibit I
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STATEMENTS OF ACTIVITIES - Exhibit II
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STATEMENTS OF CASH FLOW - Exhibit III
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STATEMENT OF FUNCTIONAL EXPENSES - Exhibit IV
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NOTES TO FINANCIAL STATEMENTS
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SCHEDULES OF PROGRAM REVENUE
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SCHEDULES OF DIRECT PROGRAM EXPENSES
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SCHEDULES OF REVENUE AND EXPENSES UNDER AGREEMENT WITH
THE CITY OF SALINA, SALINE COUNTY AND THE SALINA AIRPORT
AUTHORITY TO PROVIDE ECONOMIC DEVELOPMENT SERVICES
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SCHEDULES OF REVENUE AND EXPENSES UNDER CONTRACT WITH THE
CITY OF SALINA TO PROVIDE CONVENTION AND TOURISM SERVICES
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SCHEDULES OF GRANT REVENUE AND EXPENSES UNDER AGREEMENT WITH
SCHOOL TO CAREER REGIONAL PARTNERSHIP, SCHOOL TO CAREER LOCAL
PARTNERSHIP, ONE-STOP IMPLEMENTATION PROJECT AND WORKFORCE
2020 TO PROVIDE SERVICES PER GRANT AGREEMENTS
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SALINA AREA CHAMBER OF COMMERCE, INe.
Salina, Kansas
STATEMENTS OF FINANCIAL POSITION
Cash and cash eq uivalents
Accounts receivable
Prepaid expenses
Land, building and equipment, net (Note 2)
Investment land at market value (Note 3)
Total Assets
Exhibit I
December 31,
2003 2002
ASSETS
$ 1,036,301
32,096
81,987
697,962
100,000
$ 1,948,346
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable
Accrued taxes and other liabilities
Dues collected in advance
Program income collected in advance
Total Liabilities
Net Assets
Unrestricted
Designated for fixed assets
U ndes ignated
Total Unrestricted
Total Net Assets
Total Liabilities and Net Assets
$ 106,538 $ 97,263
24,693 22,678
147,189 138,804
185,033 188,698
463,453 447,443
797,961 806,349
686,932 655,036
1,484,893 1,461,385
1,484,893 1,461,385
$ 1,948,346 $1,908,828
The accompanying notes are an integral part of these financial statements.
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$ 879,770
88,352
134,357
706,349
100,000
$1,908,828
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SALINA AREA CHAlvIBER OF COMMERCE, INe.
Salina, Kansas
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Exhibit II
STATEMENTS OF ACTNITES
For the Year Ended
December 31,
2003 2002
Changes in Unrestricted Net Assets
Revenue
$ 316,532 $ 309,858
503,598 459,585
120,000 120,000
26,1 05 32,170
460,000 440,000
6,095 13,900
12,770 19,065
4,283 11,203
1,449,383 1,405,781
Membership dues
Program revenue
Economic development contributions
Grants
Convention and tourism contract
Facility rental
Interest
Miscellaneous
Total Unrestricted Revenue
Expenses
Program Services
Agriculture
Community development
Intemal affairs
Economic development
Convention and tourism
Grants
Total Expenses
52,941 53,261
10,536 10,088
199,474 127,818
67,701 61,611
225,06:5 206,942
26,105 32,170
581,822 491,890
83,496 112,095
676,876 667,291
83,681 72,136
844,053 851,522
1,425,875 1,343,412
23,508 62,369
23,508 62,369
1,461,385 1,399,016
$1,484,893 $1,461,385
Total Program Services
Supporting Services
Administrative and general expenses
Staff expenses
Building operation expenses
Total Supporting Services
Increase in Unrestricted Net Assets
Increase in Net Assets
Net Assets at Beginning of Year
Net Assets at End of Year
The accompanying notes are an integral part of these financial statements.
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SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
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STATEMENTS OF CASH FLOW
Exhibit III
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F or the Year Ended
December 31,
2003 2002
RECONCILIATION OF INCREASE IN NET ASSETS TO
NET CASH PROVIDED BY OPERATING ACTNITIES
Increase in net assets $ 23,508 $ 62,369
Adjustments to reconcile increase in net assets
to net cash provided by operating activities
Depreciation 34,098 31,500
Decrease (Increase) in accounts receivable 56,256 (1,054)
Decrease (Increase) in prepaid expenses 52,370 (80,387)
Increase (Decrease) in accounts payable and accrued expenses 11,290 50,971
Increase (Decrease) in income co Ilected in advance 4,720 15,634
Total Adjustments 158,734- 16,664
Net Cash Provided by Operating Activites $ 182,242 $ 79,033
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Cash Flow From Operating Activities
Cash received from dues and projects
Cash received from government entities
Cash received from other operating activities
Interest received
Cash paid to employees and suppliers
$ 881,106
606,1 05
10,378
12,770
(1,328,117)
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182,242
Net Cash Provided by Operating Activities
Net Cash Used by Investing Activities
Purchase of equipment
(25,711)
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Net Increase in Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
156,531
879,770
$1,036,301
Cash and Cash Equivalents at End of Year
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The accompanying notes are an integral part of these financial statements.
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$ 784,024
592,169
25,103
19,065
(1,341,328)
79,033
(1,651)
77,382
802,388
$ 879,770
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SALINA AREA CHAMBER OF COMMERCE, INe.
Salina, Kansas
Exhibit IV
STATEMENT OF FUNCTIONAL EXPENSES
For the Years Ended December 31,2003 and 2002
2003 2002
Chamber Economic Convention SBDC Grants Total Total
Direct Program Expenses $ 262,952 $ 67;700 $ 225,065 $ $ 26,105 $ 581,822 $ 491,890
Administrative and General Expenses
Legal and accounting 1,122 1,496 1,122 3,740 8,946
Travel expense 6,798 5,891 6,452 19,141 19,371
Office supplies 4,471 5,988 4,491 14,950 17,831
Postage 1,3 73 1,830 1,372 4,575 23,501
Communications 2,516 3,039 2,049 7,604 7,233
Computer services 1,821 2,428 1,821 6,()70 7,437
Equipment services 2,919 3,891 2,919 9,729 9,625
Dues and subscriptions 6,114 3,076 3,342 12,532 13,584
Liability insurance 710 946 710 2,366 1,944
Contingency fund 1,142 932 714 2,788 2,623
Total Administrative and General Expenses 28,986 29,517 24,992 83,495 112,095
Staff Expenses
Salaries 128,585 228,023 152,832 509,440 517,798
Contract labor 22 22 665
Payroll taxes 8,907 15,518 11,036 35,461 36,827
Group medical insurance 18,723 43,654 26,746 89,123 67,014
Retirement 8,446 10,492 9,946 28,884 30,758
Group life insurance 400 803 760 1,963 1,895
Cafeteria plan 233 367 290 890 955
Unemployment tax 393 857 662 1,912 1,878
Workers compensation insurance 474 637 478 1,589 1,885
Professional development 2,254 2,147 3,191 7,592 7,616
Total Staff Expenses 168,437 302,498 205,941 676,876 667,291
Building Operation Expenses
Property insurance 2,121 2,829 2,121 7,071 3,672
Utilities 3,184 4,245 3,183 10,612 10,501
Taxes 4,151 5,535 4,151 13,837 12,661
Equipment maintenance
Maintenance and janitorial 5,151 6,867 5,151 17,169 13,802
Depreciation 10,498 13,997 10,497 34,992 31,500
Total Building Operation Expenses 25,105 33,473 25,103 83,681 72,136
Total Expenses $ 485,480 $ 433,188 $ 481,101 $ $ 26, I 05 $ 1,425,874 $ 1,343,412
The accompanying notes are an integral part of these financial statements.
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SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TOFINANClAL STATEMENTS
December 31, 2003 and 2002
Nature of organization and significant accounting policies
A. Nature of Organization
Salina Area Chamber of Commerce, Inc. (the "Chamber") is a non-profit 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 Chamber is exempt from income tax under Internal Revenue Code Section :501(c)(6).
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
Salina Area Chamber of Commerce, Inc. has adopted Statement of Financial Accounting
Standards (SF AS) No. 117, Financial Statements of Not-for-Profit Organizations. SFAS No. 117
establishes standards for external financial reporting by not-for-profit organizations and requires
that resources be classified for accounting and reporting purposes into three net asset categories
according to externally (donor) imposed restrictions. The Chamber has no restricted net assets
and therefore all net assets are classified as unrestricted.
The Chamber has established a policy of dividing unrestricted net assets into two components:
designated for fixed assets 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 in excess of that
designated for fixed assets are undesignated.
E. Cash and Cash Equivalents
For the purpose of the cash flow statement, 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 nine
financial institutions in Salina, Kansas.
This balance was held under repurchase agreements at Sunflower Bank and is secured by direct
or indirect obligations of the United States Government. With the exception of the
aforementioned deposits under repurchase agreement, accounts at each institution are insured by
the Federal Deposit Insurance Corporation up to $100,000.
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F. Accounts Receivable
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Accounts receivable are considered to be fully collectible. Accordingly, the allowance for
doubtful accounts is zero. Amounts considered uncollectible, if any, are charged off to operations
as incurred.
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G. Inventories
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Purchases of supplies that might be considered as inventory are expensed when purchased.
Actual amounts on hand are considered immaterial.
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H. Membership Dues
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Membership dues are recognized as revenue in the year in which the dues 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.
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1. Allocation of Expenses
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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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J. Estimates
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The preparation of financial statements in conformity with generally accepted accounting
principles requires the use of management's estimates.
K. Products and services received in payment of dues are recorded at estimated market value by the
Chamber.
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2. Land, building and equipment
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Land, Building and Equipment can be summarized as follows:
2003
2002
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Land, Building and Equipment
Buildings
Furniture, fixtures and equipment
Land improvements
Land
$ 625,224
287,584
15,280
192,691
1,120,779
(422.818)
$ 697.961
$ 610,624
276,474
15,280
192,691
1,095,069
(388.720)
$ 706.349
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Less: Accumulated depreciation
Total Land; Building and Equipment (net) .
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Land, building and equipment are carried at cost. Depreciation of the building 2,nd 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.
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The Chamber renovated the building located at 218 North Seventh Street in 1998. The completed
cost of the renovation was $299,956.
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3. Investment land
The Chamber recorded land purchased May 31, 1985 at its cost of $335,382 and also land purchased
for $25,000 in 1997. In 1987, the Chamber constructed the building now serving as the Chamber's
office on the west one-half of that land. The remaining one-half of the land was recorded as
"Investment land" and is not currently an integral part of Chamber operations.
4. Agreement relating to economic development
The Chamber receives funds from the City of Salina, Saline County and the Salina Airport Authority
to help fund a program, the purpose of which is to encourage economic development in the
Salina/Saline County area. The agreement provides 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. Contract relating to convention and tourism
The Chamber has entered into a contract with the City of Salina to provide convention and tourism
programs to encourage, promote and solicit conventions and tourism for the City of Salina. The City
has appointed a Convention and Tourism Advisory Committee to provide recommendations to the
Chamber programs in connection with this contract.
Under this contract the City makes quarterly payments to the Chamber equal to sixty percent of the
proceeds of the local transient guest tax levied on hotel and motel guests.
6. Agreement relating to Career Regional Partnership, Career Local Partnership and One Stop
Implementation Project Grants
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The Chamber received grants from the Central Kansas School to Careers Regional Partnership, the
School to Careers Local Partnership and the U.S. Chamber of Commerce. Under these agreements,
the Chamber is to implement or manage analysis of worksites, operation of tracking software and
marketing STC in Salina. The Chamber also received a grant from One Stop which is to improve
customer access and choice of information and services. The U.S. Chamber grant was used to
implement a long-tenn planning process for local workforce.
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 compe:J.sation. The total
expense under the plan was $28,884 and $30,758 for the years ended December 31,2003 and 2002,
respectively.
8. Compensated absences
The Chamber grants annual paid vacations to its full time employees based on the following schedule:
Years of Service
1-9
10 or more
Annual Vacation
Allowance
10 days
15 days
Vacation days earned must be used within one year and do not accumulate.
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The Chamber leases three automobiles used in its operations. The following is a schedule of future
minimum lease payments required under these operating leases as of December 31, 2003:
Year Ended
December 31,
2004
2005
Thereafter
5,424
1,689
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SALINA AREA CHAMBER OF COMMERCE, INe.
Salina, Kansas
SCHEDULES OF PROGRAM REVENUE
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See accountants' report.
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F or the Year Ended
December 31,
2003 2002
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SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
F or the Year Ended
December 31,
2003 2002
Chamber Direct Program Expenses
Agriculture
Farm sho\",
$ 35,026
2,666
15,249
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Agriculture development
Dairy show
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52,941
Total Agriculture
Community Development
All American team
Arts
Leadership Salina
Transportation
Legislative action
5,118
5,419
10,537
Total Community Development
Internal Affairs
Ambassadors
Membership retention
Membership services
Plans and directors
Communication and image
Chamber - Net
Menibership meetings
Annual meeting
5,066
272
4,044
3,623
26,868
4,414
7,310
147,876
199,473
Total Internal Affairs
262,951
Total Chamber Direct Program Expenses
Economic Development Direct Program Expenses
New industry development
New industry advertising
Existing industry development
Commercial development
SSBDC expenses
Special events
Assessments
STC
Grants
1- Stop supplies and travel
Business development
Jobs fair
27,010
20,489
2,790
3,500
157
1,152
9,200
3,352
50
67,700
Total Economic Development Direct Program Expenses
See accountants' report
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$ 34,878
3,331
15,052
53,261
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509
4,826
745
3,984
10,088
5,284
399
4,380
2,622
22,314
4,853
6,225
81,741
127,818
191,167
12,900
25,802
499
11,441
152
4,720
688
395
3,057
1,957
61,611
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SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES (Continued)
For the Year Ended
December 31,
2003 2002
Convention and Tourism Direct Program Expenses
Signage $ 16,600 $ 13,629
Advertising 19,915 10,867
Convention marketing 10,231 18,757
Convention services 14,680 12,563
Tourism marketing 32,042 21,198
I -70 Association 214
T.I.A.K. 322 4,530
Market place 1,710 505
Regional marketing 1,805
Magazine - Discover the Crossroads 751 819
KATT 2,400 6,822
Sports and special events 14,259 15,430
NJCAA women's basketball 73,795 72,987
4- A basketball 3,258 3,229
Jam slam 104
ASA softball 3,472
5-A baseballlsoftball 18,427 15,083
Region IV 4,198 4,005
Smoky Hill River Festival 5,000 5,000
Calendar of Events 2,200 1,200
Total Convention and Tourism Direct Program Expenses 225,065 206,942
Grant Expenses
Region VII Grant
Regional in-service 10,344 2,050
Conference expenses 15,663 5,705
Contracted/specialized service 20,693
.Pathfinder STC software 677
Resource library - Bookcases 99 3,045
Total Grant Expenses 26,1 06 32,170
Total Direct Program Expense $ 581,822 $ 491,890
See accountants' report.
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SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUE AND EXPENSES UNDER AGREEMENT
WITH THE CITY OF SALINA, SALINE COUNTY AND
THE SALINA AIRPORT AUTHORITY TO PROVIDE
ECONOMIC DEVELOPMENT SERVICES
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F or the Year Ended
December 31,
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Revenue
City of Salina
Saline County
Salina Airport Authority
$ 85,000
15,000
20,000
$ 85,000
15,000
20,000
Total Revenue
$ 120,000
$ 120,000
Expenses
Program expenses (Schedule 1A)
Administrative and general expenses (Schedule 2A)
Staff expenses (Schedule 3A)
Building operation expenses (Schedule 4A)
$ 67,700 $ 61,611
29,519 41,457
302,497 310,071
33,473 28,855
$ 433,189 $ 441,994
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Total Expenses
See accountants' report.
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I SALINA AREA CHAMBER OF COMMERCE, INe.
Salina, Kansas
I SCHEDULES OF REVENUE AND EXPENSES UNDER AGREEMENT
WITH THE CITY OF SALINA, SALINE COUNTY AND
I THE SALINA AIRPORT AUTHORITY TO PROVIDE
ECONOMIC DEVELOPMENT SERVICES
SCHEDULES
I F or the Year Ended
. December 31,
2003 2002
I Schedule lA - Program Expenses
New industry development $ 27,010 $ 12,900
New industry advertising 20,489 25,802
Existing industry development 2,790 499
I SSBDC expenses 11,441
Commercial development 3,500
Workforce development 3,352
I Assessments 157 4,720
STC 1,152 688
Grants 395
I One Stop supplies and travel 9,200 3,057
Special events 152
Business development 1,957
Jobs fair 50
I Total Program Expenses $ 67,700 $ 61,611
Schedule 2A - Administrative and General Expenses
I Legal and accounting $ 1,496 $ 3,578
Travel 5,891 5,555
Office supplies 5,988 7,165
I Postage 1,830 9,163
Communications 3,039 2,638
Computer services 2,428 3,763
I Equipment services 3,891 3,850
Dues and subscriptions 3,076 4,552
Liability insurance 947 778
Contingency fund 932 415
I Total Administrative and General Expenses $ 29,518 $ 41,457
Schedule 3A ~ Staff Expenses
I Salaries $ 228,023 $ 238,173
Contract labor 665
Payroll taxes 15,517 16,946
I Group medical insurance 43,654 34,26-8
Retirement 10,492 12,878
Group life insurance 803 847
Cafeteria plan 367 413
I Unemployment tax 857 1,079
Workers compensation insurance 637 779
Professional development 2,147 4,023
I Total Staff Expenses $ 302,497 $ 310,071
I See accountants' report.
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SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUE AND EXPENSES UNDER AGREEMENT
WITH THE CITY OF SALINA, SALINE COUNTY AND
THE SALINA AIRPORT AUTHORITY TO PROVIDE
ECONOMIC DEVELOPMENT SERVICES
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SCHEDULES (Continued)
Schedule 4A - Building Operation Expenses
Property insurance
Utilities
Taxes
Maintenance and janitorial
Depreciation
Total Building Operation Expenses
See accountants' report.
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F or the Year Ended
December 3 I,
2003 2002
$
2,828
4,245
5,535
6,868
13,997
33,473
$
$ 1,469
4,201
5,064
5,521
12,600
$ 28,855
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SALINA AREA CHAi\1BER OF C011MERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUE AND EXPENSES UNDER AGREEMENT
WITH THE CITY OF SALINA TO PROVIDE
CONVENTION AND TOURISM SERVICES
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F or the Year Ended
December 3 1,
2003 2002
Revenue
City of Salina
$ 460,000 $ 440,000
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Expenses
Program expenses (Schedule 1B)
Administrative and general expenses (Schedule 2B)
Staff expenses (Schedule 3B)
Building operation expenses (Schedule 4B)
225,065 206,942
24,991 32,059
205,942 202,236
25,104 21,641
$ 481,102 $ 462,878
Total Expenses
See accountants' report.
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I SALINA AREA CHAMBER OF COMMERCE, INe.
Salina, Kansas
I SCHEDULES OF REVENUE AND EXPENSES UNDER AGREEMENT
WITH THE CITY OF SALINA TO PROVIDE
I CONVENTION AND TOURISM SERVICES
SCHEDULES
For the Year Ended
I December 31,
2003 2002
Schedule IB - Program Expenses
I Signage $ 16,600 $ 13,629
Advertising 19,915 10,867
Convention marketing 10,231 18,757
Convention services 14,680 12,563
I Tourism marketing 39,031 21,198
Sports 117,408 123,728
Special project 7,200 6,200
I Total Program Expenses $ 225,065 $ 206,942
Schedule 2B - Administration and General Expenses
I Legal and accounting $ 1,122 $ 2,684
Automobile expense 6,452 6,630
Office supplies 4,490 5,332
Postage 1,373 6,954
I Communications 2,048 1,974
Computer services 1,821 1,837
Equipment services 2,919 2,887
n Dues and subscriptions 3,342 2,866
Liability insurance 710 583
Contingency fund 714 312
I Total Administration and General Expenses $ 24,991 $ 32,059
Schedule 3B - Staff Expenses
Salaries $ 152,832 $ 157,857
I Payroll tax 11,036 11,284
Group medical insurance 26,746 20,139
Retirement 9,946 10,046
Group life insurance 760 690
I Cafeteria plan 290 301
Unemployment tax 662 502
Workers compensation insurance 477 576
I ' Professional development 3,192 841
Total Staff Expenses $ 205,941 $ 202,236
I Schedule 4B - Building Operation Expenses
Property insurance $ 2,121 $ 1,101
Utilities 3,184 3,150
Taxes 4,151 3,799
I Maintenance and janitorial 5,151 4,141
Depreciation 10,497 9,450
I Total Building Operation Expenses $ 25,104 $ 21,641
I See accountants' report.
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SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF GRANT REVENUE AND EXPENSES UNDER AGREEMEJ\T
WITH SCHOOL TO CAREER REGIONAL PARTNERSHIP, SCHOOL TO CAREER
LOCAL PARTNERSHIP, ONE-STOP IMPLEMENTATION PROJECT AND
WORKFORCE 2020 TO PROVIDE SERVICES PER GRANT AGREEMENTS
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F or the Year Ended
December .3 1,
2003 2002
Revenue
Region VII Grant $ 26,105 $ 32,170
Total Revenue $ 26,105' $ 32,170
Expenses
Program expenses (Schedule 1 C) $ 26,105 $ 32,170
Total Expenses $ 26,105 $ 32,170
I
I
I
I
I
I
I
I
See accountants' report.
18
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF GRANT REVENUE AND EXPENSES UNDER AGREEMENT
WITH SCHOOL TO CAREER REGIONAL PARTNERSHIP, SCHOOL TO CAREER
LOCAL PARTNERSHIP, ONE-STOP IMPLEMENT A TION PROJECT AND
WORKFORCE 2020 TO PROVIDE SERVICES PER GRANT AGREEMENTS
SCHEDULES
For the Year Ended
December 31,
2003 2002 .
Schedule I C - Program Expenses
Region VII Grant
Total Program Expenses
$ 26,105 $ 32,170
$ 26,105 $ 32,170
I
I
I
I
I
I
I
I
See accountants' report.
19
SUPPLEMENT AL INFORMATION