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Paris Visitor & Convention Council
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 8 Months Ended May 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 income tax basis of
<br />accounting are omitted and no assurance is provided
<br />8 Months Ended
<br />8 Months Ended
<br />May 31, 2018
<br />May 31, 2018
<br />Variance
<br />% of Annual
<br />Annual Budget
<br />Actual
<br />Budget
<br />Budget
<br />REVENUE
<br />Hotel /Motel Occupancy Tax
<br />p y
<br />w 479,644.62
<br />472,500.00
<br />$ X62
<br />101.51 %
<br />$ 630,000.00
<br />Total Revenue
<br />479 644.62
<br />472,500.00
<br />7,144.62
<br />101.51%
<br />630,000.00
<br />OPERATING EXPENSES
<br />Paris Downtown Development Plan
<br />10,000.00
<br />0.00
<br />10,000.00
<br />0.00%
<br />0.00
<br />Training / Education
<br />716.51
<br />2,000.00
<br />(1,283.49)
<br />35.83%
<br />3,000.00
<br />Postage
<br />556.71
<br />1,000.00
<br />(443.29)
<br />55.67%
<br />1,500.00
<br />Misc Expenses
<br />873.66
<br />1,333.36
<br />(459.70)
<br />65.52%
<br />2,000.00
<br />D & O Insurance
<br />1,435.33
<br />1,866.68
<br />(431.35)
<br />76.89%
<br />2,800.00
<br />Worker's Comp
<br />983.00
<br />2,000.00
<br />(1,017.00)
<br />49.15%
<br />2.000.00
<br />Staff Ins./Retirement
<br />6,025.08
<br />8,666.68
<br />(2,641.60)
<br />69.52%
<br />13,000.00
<br />Meetings & Hosting
<br />1,084.74
<br />2,000.00
<br />(915.26)
<br />54.24%
<br />31000.00
<br />Chamber Management
<br />30,000.00
<br />30,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Small Equipment
<br />0.00
<br />666.68
<br />(666.68)
<br />0.00%
<br />1,000.00
<br />Out of Town Travel
<br />1,864.95
<br />5,000.00
<br />(3,135.05)
<br />37.30%
<br />7,500.00
<br />Intown Auto/Exp Allowance
<br />1,600.00
<br />3,333.36
<br />(1,733.36)
<br />48.00%
<br />5,000.00
<br />Membership Dues/Sub.
<br />945.00
<br />2,666.68
<br />(1,721.68)
<br />35.44%
<br />4,000.00
<br />Audit
<br />1,791.66
<br />2,000.00
<br />(208.34)
<br />89.58%
<br />2,000.00
<br />Bookkeeping
<br />7,883.75
<br />2,333.36
<br />5,550.39
<br />337.87%
<br />3,500.00
<br />Payroll Tax Expense
<br />5,103.72
<br />6,333.36
<br />(1,229.64)
<br />80.58%
<br />9,500.00
<br />Payroll Expenses
<br />64,204.67
<br />76,666.68
<br />(12,462.01)
<br />83.75%
<br />115,000.00
<br />Office Expense
<br />1,194.90
<br />3,333.36
<br />(2,138.46)
<br />35.85%
<br />5,000.00
<br />Communications
<br />1,973.99
<br />4,666.68
<br />(2.692.69)
<br />42.30%
<br />7,000.00
<br />Furniture & Fixtures
<br />0.00
<br />1,333.36
<br />(1,333.36)
<br />0.00%
<br />2,000.00
<br />Historical Museum
<br />3,500.00
<br />0.00
<br />3,500.00
<br />0.00%
<br />0.00
<br />Bank Service Charge
<br />1,603.23
<br />1,266.68
<br />336.55
<br />126.57%
<br />1,900.00
<br />Motel Tax Transferred to LCC
<br />216,125.52
<br />202,500.00
<br />13,625.52
<br />106.73%
<br />270,000.00
<br />Marketing / Advertising
<br />44,732.37
<br />42,000.00
<br />2,732.37
<br />106.51 %
<br />63,000.00
<br />Event Expenses
<br />1,337.41
<br />200.00
<br />1,137.41
<br />668.71%
<br />200.00
<br />Chaparral Square Dancers
<br />51.34
<br />0.00
<br />51.34
<br />0.00%
<br />500.00
<br />Tour de Paris Exp
<br />1,721.31
<br />0.00
<br />1,721.31
<br />0.00%
<br />32,500.00
<br />Uncle Jessie's Exp
<br />512.50
<br />250.00
<br />262.50
<br />205.00%
<br />250.00
<br />Lamar Co Days in Austin Exp
<br />(4,578.50)
<br />250.00
<br />(4,828.50)
<br />(1,831.40)°%
<br />250.00
<br />ASA
<br />27,635.88
<br />30,000.00
<br />(2,364.12)
<br />92.12%
<br />30,000.00
<br />SDBA Boat Races
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,500.00
<br />Events Promotion / Funding
<br />19,856.51
<br />15,000.00
<br />4,856.51
<br />132.38%
<br />15,000.00
<br />Convention Promotion
<br />2,526.54
<br />0.00
<br />2,526.54
<br />0.00%
<br />0.00
<br />Arts Allocation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />Eiffel Tower Lighting/Maint
<br />126.25
<br />0.00
<br />126.25
<br />0.00%
<br />0.00
<br />Membership Relations
<br />16.24
<br />0.00
<br />16.24
<br />0.00%
<br />0.00
<br />Sponsorship Exp
<br />0.00
<br />500.00
<br />(500.00)
<br />0.00%
<br />500.00
<br />Intern
<br />0.00
<br />1,000.00
<br />(1,000.00)
<br />0.00%
<br />1,500.00
<br />Rent to COC
<br />8,000 00
<br />8,000.00
<br />0.00
<br />100.00%
<br />12„000.00
<br />Total Operating Expenses
<br />468,404.27
<br />465,166.92
<br />3,237.35
<br />100.70%
<br />670,900.00
<br />Operating Income (Loss)
<br />11,240.35
<br />7,333.08
<br />3,907.27
<br />153.28%
<br />____.(12,900.00
<br />NOT -HOT INCOME
<br />Misc Income
<br />1,089.08
<br />1,000.00
<br />89.08
<br />108.91 °%
<br />1,500.00
<br />Trolley
<br />4,743.55
<br />3,333.36
<br />1,410.19
<br />142.31 °%
<br />51000.00
<br />ASA Booth Rentals
<br />800.00
<br />0.00
<br />800.00
<br />0.00%
<br />0.00
<br />Tour de Paris Income
<br />14,082.84
<br />0.00
<br />14.082.84
<br />0.00%
<br />45,000.00
<br />Souvenir Sales
<br />6,414.37
<br />13,333.36
<br />(6,918.99)
<br />48.11 °%
<br />20,000.00
<br />Interest Income
<br />_... 8.90
<br />100.00
<br />(91.10
<br />8.90%
<br />150.00
<br />Total Not -HOT Income
<br />� 27,138.74
<br />77 766.72
<br />9,372.02
<br />152.75%
<br />____71,650.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />1,140.00
<br />333.36
<br />606.64
<br />341.97%
<br />500.00
<br />Trolley Expenses.
<br />1,174.01
<br />4,000.00
<br />(2,825.99)
<br />29.35%
<br />6,000.00
<br />Trolley Insurance
<br />1,402.72
<br />1,400.00
<br />2.72
<br />100.19%
<br />2,100.00
<br />Souvenir Exp
<br />2,66514
<br />1333336
<br />(10,668.22)
<br />19.99%
<br />„ 20<000.00
<br />Total Not -Hot Expenses
<br />6,381.87
<br />19,066.72
<br />..... J12,684.85
<br />33.47%
<br />28,600.00
<br />Net Income (Loss)
<br />$ 31,997.22
<br />s........... _6 033A8
<br />$ 25,964.14
<br />530.36%
<br />$ 2,150.00
<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 income tax basis of
<br />accounting are omitted and no assurance is provided
<br />
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