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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 5 Months Ended February 28, 20,11
<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 omitted and no assurance is provided
<br />5 Months Ended
<br />6 Months Ended
<br />Annual
<br />Feb 28, 2018
<br />Feb 28, 2018
<br />Variance
<br />% of Budget
<br />Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Metal Tax
<br />$ 139,827,61
<br />$ 135,000.00
<br />$ 4,827.51
<br />103,58 $
<br />270,000,00
<br />R.V. Hook Up
<br />349.39
<br />2,500,00
<br />(2,150.61)
<br />13.98%
<br />6,0=00
<br />Misc Income
<br />1,431.73
<br />750.00
<br />681,73
<br />190,90%
<br />1,800.00
<br />Rent
<br />68,897.98
<br />37.500.00
<br />31,397.98
<br />183.73%
<br />90,000.00
<br />Refunded Deposits
<br />(7,400.00)
<br />(4,58135)
<br />(2,816.65)
<br />161.45%
<br />(11,000.00)
<br />Tower Lighting
<br />162.57
<br />333.35
<br />(170.78)
<br />48,77%
<br />800-00
<br />Bicycle Rentals
<br />1,602.45
<br />0.00
<br />1,50145
<br />0.00%
<br />0,00
<br />Total Revenue
<br />204,771.63,
<br />171'500.00
<br />33,271.63
<br />119.40%
<br />357,600.00
<br />OPERATING EXPENSES
<br />Training / Education
<br />125.00
<br />0.00
<br />125.00
<br />0.00
<br />Bank Service Charge
<br />120-08
<br />104.19
<br />15.89
<br />115.25 %
<br />250.00
<br />Communications
<br />2,001,48
<br />2,500.00
<br />(498,52)
<br />80.06%
<br />6,000,00
<br />Office Expense
<br />170.00
<br />208.35
<br />(38,35),
<br />81,519%
<br />500,00
<br />Payroll Expenses
<br />42,107.42
<br />46,666.69
<br />(4,55927)
<br />90,23%
<br />1112,000,00
<br />Payroll Tax Expense
<br />3,165.90
<br />3,750,00
<br />(584A0)
<br />84,42%
<br />9,000.00
<br />Marketing)/Advertising
<br />782.50
<br />1,250.00
<br />(467,50)
<br />62.60%
<br />3,000.00
<br />Professional Fees
<br />3,895.84
<br />1,375.00
<br />2.520.84
<br />28133 %
<br />4,875.00
<br />Membership Dues/Sub
<br />156.00
<br />000
<br />156.00
<br />0.00%
<br />100.00
<br />Utilities
<br />19,212.21
<br />22,812,57
<br />(3,600.36)
<br />84.22%
<br />54,750.00
<br />Intown Auto Exp Allowance
<br />1,250.00
<br />1,250.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Contracted Services
<br />0.00
<br />833.35
<br />(833.35)
<br />0.00 %
<br />2,000.00
<br />Chamber Management
<br />18,000-00
<br />18,000.00
<br />0.00
<br />100.00 %
<br />18,000.00
<br />Eiffel Tower Lighting/Maint
<br />0.00
<br />1,666.69
<br />(1,666.69)
<br />0,00%
<br />4,000.00
<br />Building Maint./SpIs.
<br />20,901.92
<br />41,250.00
<br />(20,348.08)
<br />50.67%
<br />99,000,00
<br />Security
<br />294,75
<br />416,69
<br />(121 .94)
<br />70,74%
<br />1,000m
<br />Staff Ins,/Retirement
<br />3,471.81
<br />3,541.69
<br />(69.88)
<br />98.03%
<br />8,500.00
<br />Insurance
<br />5,150.44
<br />4,854.19
<br />296.25
<br />106.110%
<br />8,850.00
<br />Misc Expenses
<br />161.59
<br />416,69
<br />(255,10)
<br />38.78%
<br />1,000.00
<br />Interest Expense
<br />4,034.39
<br />4,583,35
<br />(548.96)
<br />88.02%
<br />11,000.00
<br />Ground Maintenance
<br />2,120.00
<br />3,125.00
<br />(11,005m)
<br />6714 %
<br />7,500.00
<br />Housekeeping Supplies
<br />461.16
<br />833.,35
<br />(372.199
<br />5534 %
<br />2,000.00
<br />Cleaning/Renting Table Clothes
<br />642-00
<br />0.00
<br />642.00
<br />0.010%
<br />0.100
<br />Supplies
<br />313.88
<br />0,00
<br />313.88
<br />0,00%
<br />0.00
<br />Bicycles & Related Expenses
<br />111.38
<br />0.00
<br />111,38
<br />0.00%
<br />0.00
<br />Catering Exp
<br />1,350.100
<br />0.00
<br />1,,350.00
<br />0.00%
<br />0.00
<br />Total Operating Expenses
<br />129,999.75
<br />169,437.80
<br />(23,438,05)
<br />81,54%
<br />358,325.40
<br />Operating Income (Loss)
<br />74,771,88
<br />12,062.20
<br />62,709.68
<br />619-89%
<br />1,276.00
<br />OTHER INCOME
<br />Interest Income
<br />000
<br />41.69
<br />(41.699
<br />0.00%
<br />100,00
<br />Total Other Income
<br />4.44
<br />41.69Iii
<br />16 J9
<br />0.00%
<br />100.00
<br />Net Income (Loss)
<br />$ 74,771.88
<br />$ ... 12,103.89
<br />62 667.99
<br />617.76%
<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 omitted and no assurance is provided
<br />
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