Audit - 2004
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT
For the Year Ended December 31, 2004
CLUBINE AND RETTELE, CHARTERED
CERTIFIED PUBLIC ACCOUNTANTS
SALlNA,KANSAS
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
INDEX
Page
INDEPENDENT AUDITORS' REPORT
1
STATEMENTS OF FINANCIAL POSITION - Exhibit I
2
STATEMENTS OF ACTIVITIES - Exhibit II
3
STATEMENTS OF CASH FLOWS - Exhibit III
4
STATEMENT OF FUNCTIONAL EXPENSES - Exhibit IV
5
NOTES TO FINANCIAL STATEMENTS
SCHEDULES OF PROGRAM REVENUE
SCHEDULES OF DIRECT PROGRAM EXPENSES
SCHEDULES OF REVENUE AND EXPENSES UNDER AGREEMENT WITH
THE CITY OF SALINA, SALINE COUNTY AND THE SALINA AIRPORT
AUTHORITY TO PROVIDE ECONOMIC DEVELOPMENT SERVICES
6-8
9
10-11
12-14
SCHEDULES OF REVENUE AND EXPENSES UNDER CONTRACT WITH THE
CITY OF SALINA TO PROVIDE CONVENTION AND TOURISM SERVICES
15-16
SCHEDULES OF GRANT REVENUE AND EXPENSES UNDER AGREEMENT WITH
SCHOOL TO CAREER REGIONAL PARTNERSHIP, SCHOOL TO CAREER LOCAL
PARTNERSHIP, AND ONE STOP IMPLEMENTATION PROJECT TO PROVIDE
SERVICES PER GRANT AGREEMENTS
17-18
CLUBlNE&
RElTELE
CHARIERED
Certified Public Aa:ounUl11ts
rll
Robert I. Clubine, C.PA
David A. Rettele, C.P.A.
Jay D. Langley, C.P.A.
Jon K Bell, C.P.A.
Leslie M. Corbett, C.P.A.
Stacy J. Sokol, C.P.A.
Marci K Fox, C.P.A.
Delores K Longenecker, C.PA
John T. Millikin, C.PA
Linda A. Suelter, C.P.A.
218 South Santa Fe
P.O. Box 2267
Salina, Kansas
67402-2267
Salina
785/ 825-5479
785/827-1188
Ellsworth
785/472-3915
INDEPENDENT AUDITORS' REPORT
To: The Board of Directors
Salina Area Chamber of Commerce, Inc.
Salina, Kansas
We have audited the accompanying statement of financial position of the Salina Area
Chamber of Commerce, Inc. (a nonprofit organization) as of December 31, 2004, and the
related statements of activities, functional expenses, and cash flows for the year then
ended. These financial statements are the responsibility of the Organization's
management. Our responsibility is to express an opinion on these financial statements
based on our audit. The prior year financial statements were audited by other auditors.
Those auditors expressed an unqualified opinion on the financial statements in their report
dated March 25, 2004.
We conducted our audit in accordance with auditing standards generally accepted in the
United States of America. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audit provides
a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material
respects, the financial position of Salina Area Chamber of Commerce, Inc. as of December
31, 2004, and the changes in its net assets and its cash flows for the year then ended in
conformity with accounting principles generally accepted in the United States of America.
Our audit was conducted for the purpose of forming an opinion on the basic financial
statements taken as a whole. The supplemental information contained in pages 9 through
18 is presented for the purposes of additional analysis and is not a required part of the
basic financial statements. Such information has been subjected to the auditing
procedures applied in the audit of the basic financial statements and, in our opinion, is
fairly stated in all material respects in relation to the basic financial statements taken as a
whole.
CLUSINE AND RETTELE,t;;t;\T~;:':
~~"... '-' ~ -
March 7, 2005
(1)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit I
STATEMENTS OF FINANCIAL POSITION
For the Year Ended
December 31,
2004 2003
ASSETS
Cash and cash equivalents $ 894,714 $ 1,036,301
Accounts receivable 53,556 32,096
Prepaid expenses 154,629 81,987
Land, building and equipment, net (Note 2) 697,933 697,962
Investment land at market value (Note 3) 100,000 100,000
Total Assets $ 1,900,832 $ 1,948,346
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable $ 113,432 $ 106,538
Accrued taxes and other liabilities 25,470 24,693
Dues collected in advance 146,765 147,189
Program income collected in advance 168,550 185,033
Total Liabilities 454,217 463,453
Net Assets
Unrestricted
Designated for fixed assets 797,933 797,961
Designated for economic development 200,000
Undesignated 448,682 686,932
Total Unrestricted 1,446,615 1,484,893
Total Net Assets 1,446,615 1,484,893
Total Liabilities and Net Assets $ 1,900,832 $ 1,948,346
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(2)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit II
STATEMENTS OF ACTIVITIES
For the Year Ended
December 31,
2004 2003
Changes in Unrestricted Net Assets
Revenue
Membership dues $ 311,784 $ 316,532
Program revenue 422,692 503,598
Economic development contributions 120,000 120,000
Grants 26,105
Convention and tourism contract 490,637 460,000
Facility rental 6,685 6,095
Interest 10,939 12,770
Miscellaneous 14,732 4,283
Total Revenue 1,377,469 1,449,383
Expenses
Program Services
Agriculture 52,595 52,941
Community development 17,256 10,536
Internal affairs 185,146 199,474
Economic development 63,730 67,701
Convention and tourism 229,973 225,065
Grants 26,105
Total Program Services 548,700 581,822
Supporting Services
Administrative and general expenses 92,767 83,496
Staff expenses 690,138 676,876
Building operation expenses 84,142 83,681
Total Supporting Services 867,047 844,053
Total Expenses 1,415,747 1,425,875
Increase (decrease) in Unrestricted Net Assets (38,278) 23,508
Net Assets at Beginning of Year 1,484,893 1,461,385
Net Assets at End of Year $ 1,446,615 $ 1,484,893
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(3)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
STATEMENTS OF CASH FLOWS
Exhibit III
For the Year Ended
December 31,
2004 2003
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
Net Cash Provided (Used) by Operating Activities
$
713,016 $
610,637
21,417
10,939
(1,462,632)
(106,623)
Net Cash Used by Investing Activities
Purchase of equipment
(34,964)
Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
(141,587)
1,036,301
Cash and Cash Equivalents at End of Year
$
894,714 $
RECONCILIATION OF INCREASE (DECREASE) IN NET ASSETS
TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES
Increase (decrease) in net assets
$
(38,278) $
Adjustments to reconcile increase (decrease) in net assets to net
cash provided (used) by operating activities
Depreciation
Decrease (Increase) in accounts receivable
Decrease (Increase) in prepaid expenses
Increase in accounts payable and accrued expenses
Increase (Decrease) in income collected in advance
Total Adjustments
881,106
606,105
10,378
12,770
(1,328,117)
182,242
(25,711)
156,531
879,770
1,036,301
23,508
34,992 34,098
(21,460) 56,256
(72,642) 52,370
7,672 11,290
(16,907) 4,720
(68,345) 158,734
$ (106,623) $ 182,242
Net Cash Provided (Used) by Operating Activities
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(4)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit IV
STATEMENT OF FUNCTIONAL EXPENSES
For the Years Ended December 31, 2004 and 2003
Economic Total Total
Develop- Convention Expenses Expenses
Chamber ment Tourism 2004 2003
Direct Program Expenses $254,997 $ 63,730 $ 229,973 $ 548,700 $ 581,822
Administrative and General Expenses
Legal and accounting 1,146 1,528 1,145 3,819 3,740
Travel expense 6,486 6,372 7,776 20,634 19,141
Office supplies 5,536 7,374 5,598 18,508 14,950
Postage 2,399 3,198 2,399 7,996 4,575
Communications 2,037 3,103 2,236 7,375 7,604
Computer services 2,624 3,716 2,624 8,964 6,070
Equipment services 2,981 3,975 2,981 9,937 9,729
Dues and subscriptions 6,585 1,399 999 8,983 12,532
Insurance 770 1,028 771 2,570 2,366
Contingency fund 3,683 170 128 3,981 2,788
Total Administrative and General Expenses 34,247 31,863 26,657 92,767 83,495
Staff Expenses
Salaries 129,274 220,837 166,626 516,737 509,440
Contract labor 9 9 22
Payroll taxes 9,056 15,695 11,807 36,558 35,461
Group medical insurance 20,631 35,428 29,524 85,583 89,123
Retirement 8,551 12,227 10,242 31,020 28,884
Group life insurance 313 633 796 1,742 1,963
Cafeteria plan 233 362 345 940 890
Unemployment tax 1,157 2,924 2,345 6,426 1,912
Workers compensation insurance 662 1,061 735 2,458 1,589
Professional development 3,206 2,596 2,863 8,665 7,592
Total Staff Expenses 173,092 291,763 225,283 690,138 676,876
Building Operation Expenses
Property insurance 1,954 2,605 1,954 6,513 7,071
Utilities 3,091 4,121 3,091 10,304 10,612
Taxes 4,836 6,448 4,836 16,120 13,837
Maintenance and janitorial 4,858 6,488 4,866 16,212 17,169
Depreciation 10,498 13,997 10,498 34,993 34,992
Total Building Operation Expenses 25,237 33,660 25,245 84,142 83,681
Total Expenses $487,573 $421,016 $ 507,158 $ 1,415,747 $ 1,425,874
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(5)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31,2004 and 2003
1. Nature of Organization and Significant Accounting Policies
A. Nature of Organization
Salina Area Chamber of Commerce, Inc. (the "Chamber") is a nonprofit 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 (SFAS)
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 three components: designated
for fIXed assets, designated for economic development 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 designated
for economic development is an arbitrary amount the Board of Directors has designated for economic
development projects. Unrestricted net assets in excess of that designated for fIXed assets and economic
development are undesignated.
E. Cash and Cash Equivalents
For the purpose of the cash flows 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. The amount not covered by F.D.I.C. insurance totaled $109,580.
Of this $109,580 balance, $105,000 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, leaving $4,580 uninsured.
F. Accounts Receivable
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.
G. Inventories
Purchases of supplies that might be considered as inventory are expensed when purchased. Actual
amounts on hand are considered immaterial.
(6)
H. Membership Dues
Membership dues are recognized as revenue in the year in which the dues are eamed. 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.
I. Allocation of expenses
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.
J. Estimates
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.
2. Land, Building and Equipment
Land, Building and Equipment can be summarized as follows:
2004 2003
633,538 $ 625,225
314,233 287,584
15,280 15,280
192,691 192,691
1,155,742 1,120,780
(457,810) (422,818)
697,933 $ 697,962
Land, Building and Equipment
Buildings
Furniture, fixtures and equipment
Land improvements
Land
$
Less: Accumulated depreciation
Total Land, Building and Equipment (net)
$
Land, building and equipment are carried at cost. Depreciation of the building and 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.
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 contributions from the City of Salina, Saline County and the Salina Airport Authority
(Grantors) 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.
(7)
5. Contract Relating to Convention and Tourism
The Chamber has entered into an agreement with the City of Salina to provide convention and tourism programs
to encourage, promote and solicit conventions and tourism for the City of Salina, and the City has appointed a
Convention and Tourism Advisory Committee to recommend to the Chamber programs in connection with this
agreement.
Under this agreement the City makes quarterly contributions to the Chamber of a portion of the proceeds of the
local transient guest tax levied on hotel and motel guests.
6. 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 compensation. The total expense under the plan
was $31,020 and $28,884 for the years ended December 31, 2004 and 2003, respectively.
7. 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.
8. 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 31,2004:
Year Ended
December 31,
2005 $
2006
2007
Subsequent to 2007
11,341
9,694
4,081
9. Subsequent Events
Management of the Chamber and the City of Salina met on March 29, 2005 in regard to transient guest tax
collected in 2004 that was in excess of the budgeted amount. As a result of that meeting, the Chamber will
amend it's 2005 budget to include the 2004 excess transient guest tax, resulting in an amended budget item of
$510,000 versus the original $483,465.
(8)
SUPPLEMENTAL INFORMATION
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF PROGRAM REVENUE
For the Year Ended
December 31,
2004 2003
Program Revenue
Farm show
Dairy show
Leadership Salina
Legislative action
Membership meetings
Chamber - Net
Annual meeting
Assessments
1-Stop administration
Case work
Business services
Grant services
SJBB
5-A baseball/softball
Discover the Crossroads Magazine
Special functions
Total Program Revenue
SEE ACCOUNTANTS' REPORT.
(9)
$
87,725 $ 87,880
15,351 15,128
7,500 7,000
1,200 1,200
9,118 6,260
5,470 5,735
117,540 131,410
215 3,475
19,954
20,085 108,685
10,000 37,756
30,605 8,935
64,707 56,605
21,217 18,953
20
11,985 14,577
422,692 $ 503,599
$
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
For the Year Ended
December 31.
2004 2003
Chamber Direct Program Expenses
Agriculture
Farm show
Agriculture development
Dairy show
Total Agriculture Direct Program Expenses
Community Development
All American team
Arts
Education
Leadership Salina
Transportation
Legislative action
Total Community Development Direct Program Expenses
Intemal Affairs
Ambassadors
Membership retention
Membership services
Plans and directors
Communication and image
Chamber - Net
Membership meetings
Annual meeting
Totallntemal Affairs Direct Program Expenses
Total Chamber Direct Program Expenses
Economic Development Program Expenses
New Industry development
New industry advertising
Existing industry development
Commercial development
Assessments
STC
Special events
1-Stop supplies and travel
Business development
Case management
Jobs Fair
Total Economic Development Direct Program Expenses
$ 34,137 $
2,975
15,483
52,595
42
787
1,893
6,991
25
7,518
17,256
6,372
229
4,767
2,581
18.804
6,525
6.842
139,026
185.146
254,997
19.814
21,283
8,002
1.675
3,537
491
2.533
4,740
1,066
589
63,730
SEE ACCOUNTANTS' REPORT.
(10)
35.026
2,666
15,249
52,941
5,118
5,419
10,537
5,066
272
4,044
3,623
26.868
4,414
7,310
147,876
199,473
262,951
27.010
20,489
2,790
3,500
157
1,152
9,200
3,352
50
67,700
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
(Continued)
For the Year Ended
December 31,
2004 2003
Convention and Tourism Direct Program Expenses
Signage
Advertising
Convention marketing
Convention services
Tourism marketing
1-70 Association
T.I.A. K
Market place
Regional marketing
Magazine - Discover the Crossroads
KATT
Sports and special events
NJCAA 'M:>men's basketball
4-A basketball
ASA softball
5-A baseball/softball
Revion IV
Smoky Hill River Festival
CVD organization dues
Calendar of Events
Total Convention and Tourism Direct Program Expenses
14,657 16,600
25,726 19,915
10,471 10,231
13,203 14,680
21,722 32,042
48
1,500 322
2,450 1,710
1,207 1,805
958 751
3,151 2,400
19,888 14,259
76,073 73,795
3,230 3,258
3,075 3,472
19,331 18,427
3,500 4,198
5,000 5,000
2,383
2,400 2,200
229,973 225,065
Grant Expenses
Regional in-service
Conference expenses
Resource library - Bookcases
Total Grant Expenses
10,344
15,663
99
26,106
Total Direct Program Expenses
$
548,700 $
581,822
SEE ACCOUNTANTS' REPORT.
(11)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUE AND EXPENSES UNDER AGREEMENT
WITH THE CITY OF SALINA, SALINE COUNTY AND
THE SAUNA AIRPORT AUTHORITY TO PROVIDE
ECONOMIC DEVELOPMENT SERVICES
For the Year Ended
December 31,
2004 2003
Revenue
City of Salina
Saline County
Salina Airport Authority
Total Revenue
$
85,000 $
15,000
20,000
120,000 $
85,000
15,000
20,000
120,000
$
Expenses
Program expenses (Schedule 1A)
Administrative and general expenses (Schedule 2A)
Staff expenses (Schedule 3A)
Building operation expenses (Schedule 4A)
Total Expenses
$
63,730 $ 67,700
31,863 29,519
291,763 302,497
33,660 33,473
421,016 $ 433,189
$
SEE ACCOUNTANTS' REPORT
(12)
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
For the Year Ended
December 31,
2004 2003
Schedule 1A - Program Expenses
New industry development $ 19,814 $ 27,010
New industry advertising 21 ,283 20,489
Existing industry development 8,002 2,790
Commercial development 1,675 3,500
Workforce development 1,066 3,352
Assessments 3,537 157
STC 491 1,152
Special events 2,533
1-Stop supplies and travel 5,329 9,200
Jobs Fair 50
Total Program Expenses $ 63,730 $ 67,700
Schedule 2A - Administrative and General Expenses
Legal and accounting $ 1,528 $ 1 ,496
Travel expense 6,372 5,891
Office supplies 7,374 5,988
Postage 3,198 1,830
Communications 3,103 3,039
Computer services 3,716 2,428
Equipment services 3,975 3,891
Dues and subscriptions 1,399 3,076
Insurance 1,028 947
Contigency fund 170 932
Total Administrative and General Expenses $ 31,863 $ 29,518
Schedule 3A - Staff Expenses
Salaries $ 220,837 $ 228,023
Payroll taxes 15,695 15,517
Group medical insurance 35,428 43,654
Retirement 12,227 10,492
Group life insurance 633 803
Cafeteria plan 362 367
Unemployment tax 2,924 857
Workers compensation insurance 1,061 637
Professional development 2,596 2,147
Total Staff Expenses $ 291,763 $ 302,497
SEE ACCOUNTANTS' REPORT.
(13)
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
(Continued)
For the Year Ended
December 31,
2004 2003
Schedule 4A -Building Operation Expenses
Property insurance
Utilities
Taxes
Maintenance and janitorial
Depreciation
Total Building Operation Expenses
$
2,605 $
4,122
6,448
6,488
13,997
33,660 $
2,828
4,245
5,535
6,868
13,997
33,473
$
SEE ACCOUNTANTS' REPORT.
(14)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUE AND EXPENSES UNDER CONTRACT
WITH THE CITY OF SALINA TO PROVIDE
CONVENTION AND TOURISM SERVICES
For the Year Ended
December 31,
2004 2003
Revenue
City of Salina
$
490,637 $
460,000
Expenses
Program expenses (Schedule 1 B) $ 229,973 $ 225,065
Administrative and general expenses (Schedule 2B) 26,657 24,991
Staff expenses (Schedule 3B) 225,283 205,942
Building operation expenses (Schedule 4B) 25,245 25,104
Total Expenses $ 507,158 $ 481 ,1 02
SEE ACCOUNTANTS' REPORT.
(15)
SALINA AREA CHAMBER OF COMMERCE. INC.
Salina. Kansas
SCHEDULES OF REVENUE AND EXPENSES UNDER CONTRACT
WITH THE CITY OF SALINA TO PROVIDE
CONVENTION AND TOURISM SERVICES
For the Year Ended
December 31.
2004 2003
Schedule 1 B - Program Expenses
Signage $ 14.657 $ 16,600
Advertising 25.726 19.915
Convention marketing 10,471 10,231
Convention services 13.203 14.680
Tourism marketing 31.036 39,031
Sports 125.097 117,408
Special projects 9,783 7.200
Total Program Expenses $ 229.973 $ 225,065
Schedule 2B - Administration and General Expenses
Legal and accounting $ 1.145 $ 1,122
Travel expense 7,776 6,452
Office supplies 5.598 4,490
Postage 2.399 1.373
Communications 2.236 2.048
Computer services 2.624 1.821
Equipment services 2,981 2,919
Dues and subscriptions 999 3.342
Insurance 771 710
Contingency fund 128 714
Total Administration and General Expenses $ 26,657 $ 24.991
Schedule 3B - Staff Expenses
Salaries $ 166.626 $ 152.832
Payroll tax 11.807 11.036
Group medical insurance 29.524 26.746
Retirement 10.242 9.946
Group life insurance 796 760
Cafeteria plan 345 290
Unemployment tax 2.345 662
Workers compensation insurance 735 477
Professional development 2.863 3.192
Total Staff Expenses $ 225.283 $ 205.941
Schedule 4B - Building Operation Expenses
Property insurance $ 1.954 $ 2.121
Utilities 3.091 3.184
Taxes 4,836 4,151
Maintenance and janitorial 4.866 5,151
Depreciation 10,498 10,497
Total Building Operation Expenses $ 25.245 $ 25.104
SEE ACCOUNTANTS' REPORT.
(16)
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 IMPLEMENTATION PROJECT AND
WORKFORCE 2020 TO PROVIDE SERVICES PER GRANT AGREEMENTS
For the Year Ended
December 31,
2004 2003
Revenue
Region VII Grant
$
$
26,105
Expenses
Progam expenses (Schedule 1 C)
$
$
26,105
SEE ACCOUNTANTS' REPORT.
(17)
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 IMPLEMENTATION PROJECT AND
WORKFORCE 2020 TO PROVIDE SERVICES PER GRANT AGREEMENTS
For the Year Ended
December 31,
2004 2003
Schedule 1C-Program Expenses
Region VII Grant
$
$
26,105
Total Program Expenses
$
$
26,105
SEE ACCOUNTANTS' REPORT.
(18)