For Immediate Release
May 2, 2019
Diana D. Greene
Chief of Administration
Myrtle Beach Area Chamber of Commerce
Myrtle Beach Area Chamber of Commerce Completes
2018 Annual Financial Audit
Myrtle Beach Area Chamber of Commerce and Convention and Visitors Bureau recently announced the completion of their 2018 annual audit. Independent auditing firm, Smith Sapp, provided MBACC with its 20th consecutive clean audit opinion. Myrtle Beach Area Chamber of Commerce’s total Net Assets as of Dec. 31, 2018, were $16,409,361; comprising of $8,436,886 in restricted reserves as dictated by state and local municipalities, and $7,946,846, directed by the chamber’s board of directors for operating reserves in the case of a catastrophic event such as a major hurricane.
MBACC management is responsible for the preparation and presentation of the chamber’s financial statements in accordance with accounting principles generally accepted in the United States of America. The chamber’s 2018 Tax Return, along with the Consolidated Financial Report Year Ended Dec. 31, 2018, are available at myrtlebeachareachamber.com/about/annual_report.html.
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About Myrtle Beach Area Chamber of Commerce
Since 1938, the Myrtle Beach Area Chamber of Commerce has stood as the unified voice of the Grand Strand's business community. The U.S. Chamber of Commerce has awarded the MBACC its five-star accreditation--one of only few chambers in South Carolina to earn this distinction. The MBACC serves Myrtle Beach, North Myrtle Beach, Surfside Beach, Little River, Atlantic Beach, Garden City Beach, Loris, Conway, Aynor, Murrells Inlet, Litchfield Beach, Pawleys Island, Socastee and Carolina Forest. For more information, visit MyrtleBeachAreaChamber.com.