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Myrtle Beach News

ARTICLE

Date ArticleType
5/2/2019 MBACC News Release
Myrtle Beach Area Chamber of Commerce Completes Audit

For Immediate Release

May 2, 2019

MEDIA CONTACT:
Diana D. Greene
Chief of Administration
Myrtle Beach Area Chamber of Commerce
O: 843-916-7222
Diana.Greene@VisitMyrtleBeach.com

 

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.