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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis,
<br />For the 6 Months, Ended March 31, 2018
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance: with professional standards, issued
<br />by the AICPA, substantially all disclosures ordinarily included in financial statements prepared in accordance with the modified cash basis of
<br />accounting are omittcd and no assurance is provided
<br />6 Months Ended
<br />6 Months Ended
<br />Mar 31,,20118
<br />Mar 31, 2018
<br />Variance
<br />% of Budget
<br />Annual
<br />Actual
<br />Budget
<br />Budget
<br />REVENUE
<br />Catering
<br />$ 250.00
<br />$ 0.100
<br />$ 25,10.00
<br />0.100
<br />Motel Tax
<br />1,42,180.69
<br />135,000.00
<br />7,180.69
<br />105,32%
<br />270,00000
<br />R.V. Hook Up
<br />2,776.29
<br />3,000.00
<br />(223,.71)
<br />92.54 %
<br />6,000.00
<br />Misc Income
<br />1,431,73
<br />900.00
<br />531.73
<br />159.08%
<br />1'800,00
<br />Rent
<br />74,896,37
<br />45,000,00
<br />29,896.37
<br />166,44%
<br />90,000,00
<br />Refunded Deposits
<br />(12,880.00)
<br />(5,500.02)
<br />(7,379.98)
<br />234.18%
<br />(11,000-00)
<br />Tower Lighting
<br />162.57
<br />400,02
<br />(237.45)
<br />40.64%
<br />800,,010
<br />Bicycle Rentals
<br />1,620.211
<br />0.00
<br />1,620.21
<br />0.00
<br />Total Revenue
<br />2101437.86
<br />178,80100
<br />31,637.86
<br />11719 %1
<br />35 00
<br />OPERATING EXPENSES
<br />Training / Education
<br />12500
<br />0.00
<br />125'.00
<br />0.00,
<br />Craft Expo
<br />94.94
<br />10.00
<br />94.94
<br />0.00
<br />Bank Service Charge
<br />1401,54
<br />125,02
<br />15.52
<br />112.41 %
<br />250.00
<br />Communications
<br />2,42121
<br />3,0001.00
<br />(578.79)
<br />$0.71 %
<br />6.000,00
<br />Office Expense
<br />234,94
<br />250.02
<br />(15,08)
<br />93,97 %
<br />500.00
<br />Payroll Expenses
<br />48,986.08
<br />56,1000.02
<br />(7,013.94)
<br />87,48%
<br />112,000.00
<br />Payroll Tax Expense
<br />3,89148
<br />4,500.00
<br />(608A2)
<br />86.49%
<br />9,000.00
<br />Marketing / Advertising
<br />11,577,50
<br />1,500,00
<br />77.50
<br />105.117%
<br />3,0=00
<br />Professional Fees
<br />4,242.51
<br />3,375.00
<br />867.51
<br />125.70 %
<br />4,875.00
<br />Membership Dues/Sub
<br />156.00
<br />0.00
<br />156.00
<br />100-00
<br />Utilities
<br />22,606.35
<br />27,375.06
<br />(4,768.71)
<br />82.58 %
<br />54,750.00
<br />Intown Auto Exp Allowance
<br />1,500.00
<br />1,500.00
<br />0.00
<br />100.00%
<br />3,000,00
<br />Contracted Services
<br />0,00
<br />1,000,02
<br />(1,000.02)
<br />0.00%
<br />2,000.00
<br />Chamber Management
<br />18,000.00
<br />18,000.00
<br />0=
<br />100,001%
<br />MOW=
<br />Eiffel Tower Lighting/Maint
<br />0.00
<br />2,000,02
<br />(2,000.02)
<br />0.00%
<br />4,000.00
<br />Building Maint./Spis,
<br />44,316,34
<br />49,500.00
<br />(5,183.66)
<br />891.53%
<br />99,00000
<br />Security
<br />629.110
<br />500.02
<br />129.08
<br />125.81'"1
<br />1,000,00
<br />Staff Ins./Retirement
<br />4,380.47
<br />4,250.02
<br />130.45
<br />103.07%
<br />8,50'0.00
<br />Insurance
<br />5,150.44
<br />5,425.02
<br />(274.58)
<br />94,94%
<br />8,850.00
<br />Misc, Expenses
<br />857.34
<br />5001.02
<br />357.32
<br />171,46 %
<br />11,000.00
<br />Interest Expense
<br />4,034.39
<br />5,500.02
<br />(1',465.63)
<br />73,35%
<br />11,000,00
<br />Ground Maintenance
<br />3,285.00
<br />3,750,00
<br />(465.00)
<br />87.60%
<br />7,500.00
<br />Housekeeping Supplies
<br />946,59
<br />1,000.02
<br />(53.43)
<br />94.661%
<br />2,00000
<br />Cleaning/Renting Table Clothes
<br />642.00
<br />0.00
<br />642,.00
<br />0.00
<br />Supplies
<br />313.88
<br />0.00
<br />313,88
<br />0.00
<br />Bicycles & Related Expenses
<br />115,39
<br />0.00
<br />115.39
<br />0.00
<br />Catering Exp
<br />1,350.00
<br />0.00
<br />1,350.00
<br />0.00
<br />Total Operating Expenses
<br />169,997,89
<br />189,050.28
<br />9,052.39)
<br />89.92%
<br />366.325.00
<br />Operating Income (Loss)
<br />40,439.97
<br />(10,260.28
<br />50,690.25�394.53
<br />%
<br />11,276.00
<br />OTHER INCOME
<br />Interest Income
<br />000
<br />50.02
<br />(50.02)
<br />0.00 %
<br />100,100
<br />Total Other Income
<br />0.,00
<br />60.02
<br />(50.02
<br />0.00%
<br />100.00
<br />Net Income (Loss)
<br />$ 40,439.97,
<br />$ (10,200.26)
<br />$.550,640.23356.46}'%
<br />$
<br />1,375.00
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance: with professional standards, issued
<br />by the AICPA, substantially all disclosures ordinarily included in financial statements prepared in accordance with the modified cash basis of
<br />accounting are omittcd and no assurance is provided
<br />
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