Audit - 2004/2005
CLUBlNE&
RETIELE
GIARTERED
Cercified Public Accountants
fTl
Robert 1. Clubine, C.PA
David A. Rettele, C.PA
Jay D. Langley, C.PA
Jon K. Bell, C.PA
Leslie M. Corbett, C.PA
Stacy J. Sokol, C.PA
Marci K. Fox, C.PA
Delores K. Longenecker, c.P.A.
John 1. Millikin, C.PA
Linda A. Suelter, C.PA
218 South Santa Fe
P.O. Box 2267
Salina, Kansas
67402-2267
Salina
785/825-5479
Salina Fax
785 / 825-2446
Ellsworth
785/472-3915
Ellsworth Fax
785, /472-5478
March 15,2006
To the Board of Directors
Salina Area Chamber of Commerce, Inc.
Salina, Kansas
In planning and performing our audit of the [mancial statements of Salina Area Chamber of Commerce,
Inc., for the years ended December 31, 2005 and 2004, we considered its internal control structure in
order to determine our auditing procedures for the purpose of expressing our opinion on the [mancial
statements and not to provide assurance on the internal control structure. However, we noted a certain
matter involving the internal control structure and its operation that we consider to be a reportable
condition under standards established by the American Institute of Certified Public Accountants. A
reportable condition involves matters coming to our attention relating to significant deficiencies in the
design or operation of the internal control structure, that in our judgment, could adversely affect the
organization's ability to record, process, summarize and report [mancial data consistent with the
assertions of management in the financial statements.
Our consideration of the internal control structure was for the limited purpose described in the
preceding paragraph and would not necessarily disclose all matters that might be reportable conditions.
In addition, because of the inherent limitations of any internal control structure, errors or irregularities
may occur and not be detected by such control structures.
The reportable condition noted in our audit consists of the lack of segregation of duties available for the
accounting functions. This condition is due to the small size of the office staff. The benefits which may
be achieved by correcting this situation must be weighed against the cost of implementing those
changes. This condition is not unusual in small organizations and should not be alarming. The active
participation of the Board and the Treasurer and the assignments of duties among the office personnel
help alleviate the problems existing with a small office staff.
We also noted that deposits held with depository institutions exceeded F.D.I.C insurance coverage by
$2,686.
We found the records to be well maintained and wish to thank The Board of Directors for the
opportunity to work with Salina Area Chamber of Commerce, Inc. We also wish to thank Sandy Cole
for her help in assisting us with the audit. Please feel free to call with any questions or concerns you
may have.
This report is intended solely for the use of management, the Board of Directors, and others within the
organization.
Respectfully submitted,
ay D. Langley
Certified Public Accountant
Clubine & Rettele, Chartered
CLUBlNE&
RETIELE
CHARTERED
Certified Public Accountants
crll
Robert I. Clubine, C.P.A.
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.P.A.
Linda A. Suelter, C.P.A.
John T. Millikin, C.P.A.
218 South Santa Fe
P.O. Box 2267
Salina, Kansas
67402-2267
Salina
785/825-5479
Salina Fax
785 / 825-2446
Ellsworth
785/472-3915
Ellsworth Fax
785/472-5478
March 15, 2006
Board of Directors/Audit Committee
Salina Area Chamber of Commerce, Inc.
We have audited the financial statements of Salina Area Chamber of
Commerce, Inc. for the year ended December 31, 2005, and have issued our
report thereon dated March 15, 2006. Professional standards require that we
provide you with the following information related to our audit.
Our Responsibility under U.S. Generally Accepted AuditinQ Standards
As stated in our engagement letter dated June 9, 2004, our responsibility, as
described by professional standards, is to plan and perform our audit to obtain
reasonable, but not absolute, assurance that the financial statements are free
of material misstatement and are fairly presented in accordance with U.S.
generally accepted accounting principles. Because an audit is designed to
provide reasonable, but not absolute, assurance and because we did not
perform a detailed examination of all transactions, there is a risk that material
misstatements may exist and not be detected by us.
As part of our audit, we considered the internal control of Salina Area Chamber
of Commerce, Inc.. Such considerations were solely for the purpose of
determining our audit procedures and not to provide any assurance concerning
such internal control.
Siqnificant Accountinq Policies
Management has the responsibility for selection.and use of appropriate
accounting policies. In accordance with the terms of our engagement letter,
we will advise management about the appropriateness of accounting policies
and their application. The significant accounting policies used by Salina Area
Chamber of Commerce, Inc. are described in Note 1 to the financial
statements. No new accounting policies were adopted and the application of
existing policies was not changed during the calendar year ended December
31, 2005. We noted no transactions entered into by the Organization during
the year that were both significant and unusual, and of which, under
professional standards, we are required to inform you, or transactions for which
there is a lack of authoritative guidance or consensus.
Audit Adjustments
For purposes of this letter, professional standards define an audit adjustment
as a proposed correction of the financial statements that, in our judgment, may
not have been detected except through our auditing procedures. An audit
adjustment mayor may not indicate matters that could have a significant effect
on the Organization's financial reporting process (that is, cause future financial
statements to be materially misstated). In our judgment, none of the
adjustments we proposed, whether recorded or unrecorded by the
Organization, either individually or in the aggregate, indicate matters that could
have a significant effect on the Organization's financial reporting process.
Di;;aqreements with Manaqement
For purposes of this letter, professional standards define a disagreement with management as a matter,
whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing
matter that could be significant to the financial statements or the auditors' report. We are pleased to
report that no such disagreements arose during the course of our audit.
Consultations with Other Independent Accountants
In some cases, management may decide to consult with other accountants about auditing and
accounting matters, similar to obtaining a "second opinion" on certain situations. If a consultation
involves application of an accounting principle in the Organization's financial statements or a
determination of the type of auditor's opinion that may be expressed on those statements, our
professional standards require the consulting accountant to check with us to determine that the
consultant has all the relevant facts. To our knowledge, there were no such consultations with other
accountants.
Issues Discussed Prior to Retention of Independent Auditors
We generally discuss a variety of matters, including the application of accounting principles and auditing
standards, with management each year prior to retention as the Organization's auditors. However,
these discussions occurred in the normal course of our professional relationship and our responses
were not a condition to our retention.
Difficulties Encountered in Performinq the Audit
We encountered no significant difficulties in dealing with management in performing and completing our
audit.
This information is intended solely for the use of the Audit Committee, Board of Directors and
management of Salina Area Chamber of Commerce, Inc. and is not intended to be and should not be
used by anyone other than these specified parties.
Sincerely,
Y D. Langley
Certified Public Accountant
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT
December 31,2005 and 2004
CLUBINE AND RETTELE, CHARTERED
CERTIFIED PUBLIC ACCOUNTANTS
SALINA, KANSAS
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
TABLE OF CONTENTS
Page
INDEPENDENT AUDITORS' REPORT
1
STATEMENTS OF FINANCIAL POSITION - Exhibit I
STATEMENTS OF ACTIVITIES - Exhibit II
2
3
STATEMENTS OF CASH FLOWS - Exhibit III
4
STATEMENT OF FUNCTIONAL EXPENSES - Exhibit IV
NOTES TO FINANCIAL STATEMENTS
SCHEDULES OF PROGRAM REVENUES
SCHEDULES OF DIRECT PROGRAM EXPENSES
SCHEDULES OF REVENUES AND EXPENSES UNDER AGREEMENT WITH
THE CITY OF SALINA, SALINE COUNTY AND THE SALINA AIRPORT
AUTHORITY TO PROVIDE ECONOMIC DEVELOPMENT SERVICES
SCHEDULES OF REVENUES AND EXPENSES UNDER CONTRACT WITH THE
CITY OF SALINA TO PROVIDE CONVENTION AND TOURISM SERVICES
5
6-8
9
1 0-11
12-14
15-16
CLUBlNE&
RETTELE
CHARIERED
CertifltCl Public Aaountantl
crll
Robert I. Clubine, C.P.A.
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.P.A.
John T. Millikin, C.P.A.
Linda A. Suelter, C.P.A.
218 South Santa Fe
P.O. Box 2267
Salina, Kansas
67402-2267
Salina
785/825-5479
Salina Fax
785 / 825-2446
Ellsworth
785/472-3915
Ellsworth Fax
785/472-5478
INDEPENDENT AUDITORS' REPORT
To: The Board of Directors
Salina Area Chamber of Commerce, Inc.
Salina, Kansas
We have audited the accompanying statements of financial position of the Salina Area
Chamber of Commerce, Inc. (a nonprofit organization) as of December 31, 2005, and
2004, and the related statements of activities, functional expenses, and cash flows for the
years 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.
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, 2005 and 2004, and the changes in its net assets and its cash flows for the years 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
16 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.
CLUBINE AND RETT~H~RTERED
~~\~
March 15, 2006
(1 )
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit I
STATEMENTS OF FINANCIAL POSITION
For the Year Ended
December 31,
2005 2004
ASSETS
831.178 $ 894,714
83,019 53,556
41.682 154,629
671,694 697,933
100,000 100,000
1.727,573 $ 1,900,832
Cash and cash equivalents
Accounts receivable
Prepaid expenses
Land, building and equipment, net (Note 2)
Investment land at market value (Note 3)
$
Total Assets
$
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable $ 112,677 $ 113,432
Accrued taxes and other liabilities 27,632 25,470
Dues collected in advance 151,859 146,765
Program income collected in advance 124,448 168,550
Total Liabilities 416,616 454,217
Net Assets
Unrestricted Net Assets
Designated for fixed assets 771,694 797,933
Designated for economic development 61,970 200,000
Designated for convention and tourism 62,868
Undesignated 414,425 448,682
Total Unrestricted Net AssetsfTotal Net Assets 1,310,957 1,446,615
Total Liabilities and Net Assets $ 1,727,573 $ 1,900,832
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(2)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
Exhibit \I
STATEMENTS OF ACTIVITIES
For the Year Ended
December 31,
2005 2004
Revenues
Membership dues $ 317,863 $ 311,784
Program revenue 291,950 422,692
Economic development contributions 120,000 120,000
Convention and tourism contract 671,937 490,637
Facility rental 5,850 6,685
Interest 11,833 10,939
Miscellaneous 15.478 14,732
Total Revenues 1.434,911 1,377.469
Expenses
Program Services
Agriculture 55,529 52,595
Community development 5,799 9,739
Internal affairs 204,109 192,663
Economic development 161,726 63,730
Convention and tourism 267,771 229,973
Total Program Services 694,934 548,700
Supporting Services
Administrative and general expenses 90,546 92,767
Staff expenses 702,913 690,138
Building operation expenses 82,176 84,142
Total Supporting Services 875,635 867,047
Total Expenses 1,570,569 1.415,747
Change in Unrestricted Net Assets (135,658) (38,278)
Unrestricted Net Assets, Beginning of Year 1.446,615 1.484,893
Unrestricted Net Assets, End of Year $ 1,310,957 $ 1.446,615
SEE THE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS
WHICH ARE AN INTEGRAL PART HEREOF.
(3)
SALINA AREA CHAMBER OF COMMERCE. INC.
Salina, Kansas
Exhibit III
STATEMENTS OF CASH FLOWS
For the Year Ended
December 31.
2005 2004
Cash Flows From Operating Activities
Cash received from dues and projects $ 692,547 $ 713,016
Cash received from government entities 679,740 610,637
Cash received from other operating activities 21.328 21,417
I nterest received 11,833 10,939
Cash paid to employees and suppliers (1,465.048) (1,462.632)
Net Cash Used by Operating Activities (59.600) (106.623)
Net Cash Used by Investing Activities
Purchase of equipment (3.936) (34.964)
Net Decrease in Cash and Cash Equivalents (63.536) (141,587)
Cash and Cash Equivalents at Beginning of Year 894,714 1,036,301
Cash and Cash Equivalents at End of Year $ 831.178 $ 894,714
RECONCILIATION OF DECREASE IN NET ASSETS
TO NET CASH USED BY OPERATING ACTIVITIES
Decrease in net assets
$
(135.658) $
(38.278)
Adjustments to reconcile decrease in net assets to net
cash used by operating activities
Depreciation
Increase in accounts receivable
Decrease (Increase) in prepaid expenses
Increase in accounts payable and accrued expenses
Decrease in income collected in advance
Total Adjustments
Net Cash Used by Operating Activities
30.175 34.992
(29,463) (21,460)
112.947 (72,642)
1 ,407 7,672
(39.008) (16.907)
76,058 (68.345)
$ (59,600) $ (106.623)
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 Year Ended December 31, 2005 with
Comparitive Totals for 2004
Economic Total Total
Develop- Convention Expenses Expenses
Chamber ment Tourism 2005 2004
Direct Program Expenses $265,437 $161,726 $ 267,771 $ 694,934 $ 548,700
Administrative and General Expenses
Legal and accounting 2,401 1,111 2,340 5,852 3,819
Travel expense 8,952 4,751 8,291 21,994 20,634
Office supplies 7,563 3,684 7,278 18,525 18,508
Postage 2,442 1,481 2,332 6,255 7,996
Communications 2,735 1,429 3,119 7,283 7,375
Computer services 1,765 883 1,716 4,364 8,964
Equipment services 3,225 1,520 3,117 7,862 9,937
Dues and subscriptions 6,542 1,775 1,603 9,920 8,983
Insurance 1,021 466 985 2,472 2,570
Contingency fund 5,794 71 154 6,019 3,981
Total Administrative and General Expenses 42,440 17,171 30,935 90,546 92,767
Staff Expenses
Salaries 129,992 186,126 201,667 517,785 516,737
Contract labor 9
Payroll taxes 8,960 12,722 14,097 35,779 36,558
Group medical insurance 24,945 37,964 44,087 106,996 85,583
Retirement 8,486 8,943 11,706 29,135 31,020
Group life insurance 352 269 1,116 1,737 1,742
Cafeteria plan 211 246 328 785 940
Unemployment tax 797 1,185 1,616 3,598 6,426
Workers compensation insurance 648 881 928 2,457 2,458
Professional development 1,738 1,031 1,871 4,640 8,665
Total Staff Expenses 176,129 249,367 277,416 702,912 690,138
Building Operation Expenses
Property insurance 2,743 1,250 2,643 6,636 6,513
Utilities 4,587 2,377 4,446 11,410 10,304
Taxes 6,827 3,186 6,580 16,593 16,120
Maintenance and janitorial 7,011 3,538 6,813 17,362 16,212
Depreciation 12,984 4,726 12,465 30,175 34,993
Total Building Operation Expenses 34,152 15,077 32,947 82,176 84,142
Total Expenses $518,158 $443,341 $ 609,069 $ 1,570,569 $ 1,415,747
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, 2005 and 2004
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 four components: designated
for fixed assets, designated for economic development, designated for convention and tourism 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 designated
for convention and tourism is the excess income over expenditures of the convention and tourism program.
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 $242,686.
Of the $242,686, $240,000 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 $2,686 uninsured.
F. Accounts Receivable
Accounts receivable are considered to be fully collectible. Accordingly, the allowance for doubtful accounts
is zero.
G. Inventories
Purchases of supplies that might be considered as inventory are expensed when purchased. Actual
amounts on hand are considered immaterial.
(6)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31,2005 and 2004
H. Membership Dues
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.
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:
Land, Building and Equipment
Buildings
Furniture, fixtures and equipment
Land improvements
Land
$
2005 2004
633,538 $ 633,538
318,522 314,233
15,280 15,280
192,691 192,691
1,160,031 1,155,742
(488,337) (457,810J
671,694 $ 697,933
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.
In 2004, the chamber designated $200,000 of their undesignated funds for economic development programs.
$138,030 was expended in 2005 for these programs, leaving a 'net asset designated for economic development
balance of $61,970. These expenses were the primary component in the overall decrease in net assets for the
year.
(7)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
NOTES TO FINANCIAL STATEMENTS
December 31,2005 and 2004
5. Agreement 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 contributions to the Chamber of a portion of the proceeds of the local
transient guest tax levied on hotel and motel guests.
The Chamber board has designated 2005 excess income over expenditures in the amount of $62,868 as a
reserved net asset for convention and tourism.
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 $29,135 and $31,020 for the years ended December 31,2005 and 2004, 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. Total lease expense for the year ended December.
31, 2005 is $13,860. The following is a schedule of future minimum lease payments required under these
operating leases as of December 31, 2005:
Year Ended
December 31,
2006 $
2007
2008
Subsequent to 2008
13,951
8,338
1.774
(8)
SUPPLEMENTAL INFORMATION
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF PROGRAM REVENUES
For the Year Ended
December 31,
2005 2004
Program Revenues
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
4A Football, baseball, softball
Discover the Crossroads Magazine
Special functions
$ 82,555 $
15,191
7,500
1,200
9,971
6,730
133,260
2,715
3,600
21,070
8,158
Total Program Revenues
$
291,950 $
(9)
87,725
15,351
7,500.
1,200
9,118
5,470
117,540
215
19,954
20,085
10,000
30,605
64,707
21,217
20
11,985
422,692
SALINA AREA CHAMBER OF COMMERCE. INC.
Salina. Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
For the Year Ended
December 31.
2005 2004
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
Total Community Development Direct Program Expenses
Internal Affairs
Ambassadors
Membership retention
Membership services
Plans and directors
Communication and image
Chamber - Net
Legilative action
Membership meetings
Annual meeting
Total Internal Affairs Direct Program Expenses
Total Chamber Direct Program Expenses
Economic Development Program Expenses
New Industry development
New industry advertising
Existing industry development
Commercial development
Regional assessment
Assessments
STC
Special events
1-Stop supplies and travel
Business development
Seminars
Case management
Total Economic Development Direct Program Expenses
$
37.702 $
3,019
14,808
55,529
34,137
2,975
15,483
52,595
10
42
787
1,893
6,992
25
9,739
5,789
5,799
5,376
5,014
1,828
17,486
5,936
6,428
14,494
147.547
204,109
265,437
6,372
229
4,767
2,581
18,804
6,525
7.518
6,842
139,026
192,663
254,997
25,625
13,458
13,847
3,269
98,572
711
250
19,814
21.283
8,002
1,675
889
5,105
3.537
491
2,533
4,740
1,066
589
63,730
161.726
(10)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF DIRECT PROGRAM EXPENSES
(Continued)
For the Year Ended
December 31,
2005 2004
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
Global Flyer
City tour brochure
sports and special events
SJBB women's basketball
4-A basketball, football, baseball, softball
ASA softball
5-A baseball/softball
Revion VI
Smoky Hill River Festival
CVD organization dues
Calendar of Events
Total Convention and Tourism Direct Program Expenses
15,447 14,657
13,362 25,726
13,487 10,471
23,576 13,203
20,242 21.722
90 48
1,117 1,500
317 2,450
1,250 1,207
658 958
852 3,151
20,016
7,213
14,821 19,888
71,585 76,073
46,451 3,230
3,000 3,075
19,331
3,500 3,500
5,000 5,000
3,387 2,383
2,400 2,400
267,771 229,973
Total Direct Program Expenses
$
694,934 $
548.700
(11)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUES 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,
2005 2004
Revenues
City of Salina $ 85,000 $ 85,000
Saline County 15,000 15,000
Salina Airport Authority 20,000 20,000
Total Revenues $ 120,000 $ 120,000
Expenses
Program expenses (Schedule 1A)
Administrative and general expenses (Schedule 2A)
Staff expenses (Schedule 3A)
Building operation expenses (Schedule 4A)
Total Expenses
$
161,726 $ 63,730
17,171 31,863
249,367 291,763
15,077 33,660
443,341 $ 421,016
$
(12)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUES AND EXPENSES UNDER AGREEMENT
WITH THE CITY OF SALINA, SALINE COUNTY AND
THE SALINA AIRPORT AUTHORITY TO PROVIDE
ECONOMIC DEVELOPMENT SERVICES
Schedule 1A - Program Expenses
New industry development
New industry advertising
Existing industry development
Commercial development
Regional assessment
Assessments
STC
Workforce development
Special events
1-Stop supplies and travel
Seminars
Total Program Expenses
Schedule 2A - Administrative and General Expenses
Legal and accounting
Travel expense
Office supplies
Postage
Communications
Computer services
Equipment services
Dues and subscriptions
Insurance
Contigency fund
Total Administrative and General Expenses
Schedule 3A - Staff Expenses
Salaries
Payroll taxes
Group medical insurance
Retirement
Group life insurance
Cafeteria plan
Unemployment tax
Workers compensation insurance
Professional development
Total Staff Expenses
$
$
$
$
$
$
(13)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUES 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,
2005 2004
Schedule 4A -Building Operation Expenses
Property insurance
Utilities
Taxes
Maintenance and janitorial
Depreciation
Total Building Operation Expenses
$
1,250 $
2,378
3.185
3,538
4,726
15,077 $
2,605
4,122
6,448
6,488
13,997
33,660
$
(14)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUES AND EXPENSES UNDER CONTRACT
WITH THE CITY OF SALINA TO PROVIDE
CONVENTION AND TOURISM SERVICES
For the Year Ended
December 31,
2005 2004
Revenues
City of Salina
SJBB
4A Football, baseball, softball
Special functions
Total Revenues
$
559,740 $ 490,637
58,139
48,214
5,844
671,937 $ 490,637
$
Expenses
Program expenses (Schedule 1 B) $ 267,771 $ 229,973
Administrative and general expenses (Schedule 2B) 30,935 26,657
Staff expenses (Schedule 3B) 277,416 225,283
Building operation expenses (Schedule 4B) 32,947 25,245
Total Expenses $ 609,069 $ 507,158
(15)
SALINA AREA CHAMBER OF COMMERCE, INC.
Salina, Kansas
SCHEDULES OF REVENUES AND EXPENSES UNDER CONTRACT
WITH THE CITY OF SALINA TO PROVIDE
CONVENTION AND TOURISM SERVICES
For the Year Ended
December 31,
2005 2004
Schedule 1 B - Program Expenses
Signage $ 15,447 $ 14,657
Advertising 13,362 25,726
Convention marketing 13,487 10,471
Convention services 23,576 13,203
Tourism marketing 51,755 31,036
Sports 139,357 125,097
Special projects 10,787 9,783
Total Program Expenses $ 267,771 $ 229,973
Schedule 2B - Administration and General Expenses
Legal and accounting $ 2,340 $ 1,145
Travel expense 8,291 7,776
Office supplies 7,278 5,598
Postage 2,332 2,399
Communications 3,119 2,236
Computer services 1,716 2,624
Equipment services 3,117 2,981
Dues and subscriptions 1,603 999
Insurance 985 771
Contingency fund 154 128
Total Administration and General Expenses $ 30,935 $ 26,657
Schedule 3B - Staff Expenses
Salaries $ 201,667 $ 166,626
Payroll tax 14,097 11,807
Group medical insurance 44,087 29,524
Retirement 11,706 10,242
Group life insurance 1,116 796
Cafeteria plan 328 345
Unemployment tax 1,616 2,345
Workers compensation insurance 928 735
Professional development 1,871 2,863
Total Staff Expenses $ 277,416 $ 225,283
Schedule 4B - Building Operation Expenses
Property insurance $ 2,643 $ 1,954
Utilities 4,446 3,091
Taxes 6,580 4,836
Maintenance and janitorial 6,814 4,866
Depreciation 12,464 10,498
Total Building Operation Expenses $ 32,947 $ 25,245
(16)