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Paris Visitor & Convention Council
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the Month Ended May 31, 2018 and 2017 and 8 Months Ended May 31, 2017
<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 />Month Ended
<br />Month Ended
<br />Month Ended
<br />8 Months Ended
<br />May 31, 2018
<br />May 31, 2018
<br />May 31, 2017
<br />May 31, 2017
<br />Actual
<br />Budoet
<br />Actual
<br />Actual
<br />REVENUE
<br />Hotel / Motel Occupancy Tax
<br />$___l 47,889.6§
<br />$ 157,500.00
<br />$ 155,875.28
<br />$ 469,625.31
<br />Total Revenue
<br />„147,889,66
<br />_ 1167,J500.00
<br />15
<br />469,625.31
<br />OPERATING EXPENSES
<br />Training l Education
<br />0.00
<br />250.00
<br />0.00
<br />0.00
<br />Postage
<br />108.71
<br />125.00
<br />59.59
<br />451.07
<br />Mise Expenses
<br />69.16
<br />166.67
<br />1,020.71
<br />2,333.51
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />248.06
<br />D & O Insurance
<br />0.00
<br />233.33
<br />0.00
<br />1,947.50
<br />Worker's Comp
<br />0.00
<br />0.00
<br />0.00
<br />745.73
<br />Staff Ins./Retirement
<br />650.41
<br />1,083.33
<br />319.74
<br />5,366.14
<br />Meetings & Hosting
<br />0.00
<br />250.00
<br />0.00
<br />235.99
<br />Chamber Management
<br />10,000.00
<br />10,000.00
<br />10,000.00
<br />30,000.00
<br />Small Equipment
<br />0.00
<br />83.33
<br />0.00
<br />278.00
<br />Out of Town Travel
<br />0.00
<br />625.00
<br />0.00
<br />956.04
<br />Intown Auto/Exp Allowance
<br />200.00
<br />416.67
<br />200.00
<br />1,500.00
<br />Membership Dues/Sub.
<br />0.00
<br />333.33
<br />600.00
<br />1,694.67
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />1,758.00
<br />Bookkeeping
<br />483.34
<br />291.67
<br />361.67
<br />2,588.02
<br />Payroll Expenses
<br />6,451.96
<br />9,583.33
<br />6,326.42
<br />47,876.69
<br />Payroll Tax Expense
<br />498.74
<br />791.67
<br />478.81
<br />3,831.56
<br />Office Expense
<br />0.00
<br />416.67
<br />0.00
<br />542.49
<br />Communications
<br />388.48
<br />583.33
<br />32.05
<br />461.45
<br />Furniture & Fixtures
<br />0.00
<br />166.67
<br />0.00
<br />0.00
<br />Business Meetings
<br />0.00
<br />0.00
<br />17.00
<br />26.18
<br />Bicycles & Related Expenses
<br />0.00
<br />0.00
<br />7,800.00
<br />11,400.00
<br />Historical Museum
<br />0.00
<br />0.00
<br />0.00
<br />3,500.00
<br />Bank Service Charge
<br />152.79
<br />158.33
<br />120.89
<br />1,469.36
<br />Motel Tax Transferred to LCC
<br />73,944.83
<br />67,500.00
<br />66,803.69
<br />201,267.98
<br />Marketing / Advertising
<br />3,873.16
<br />5,250.00
<br />2,679.29
<br />25,265.00
<br />Event Expenses
<br />0.00
<br />0.00
<br />0.00
<br />719.98
<br />Paris Art & Wine Fest Exp
<br />0.00
<br />0.00
<br />0.00
<br />1,000.00
<br />Tour de Paris Exp
<br />460.00
<br />0.00
<br />18.22
<br />1,803.55
<br />Uncle Jessie's Exp
<br />0.00
<br />0.00
<br />0.00
<br />493.00
<br />Lamar Co Days in Austin Exp
<br />0.00
<br />0.00
<br />0.00
<br />9,174.06
<br />ASA
<br />2,494.36
<br />10,000.00
<br />2,052.36
<br />20,385.52
<br />Events Promotion / Funding
<br />3,750.00
<br />0.00
<br />1,050.00
<br />14,212.35
<br />Arts Allocation
<br />0.00
<br />0.00
<br />0.00
<br />7,000.00
<br />Eiffel Tower Lighting/Maint
<br />0.00
<br />0.00
<br />0.00
<br />990.95
<br />Sponsorship Exp
<br />0.00
<br />0.00
<br />0.00
<br />1,000.00
<br />Intern
<br />0.00
<br />125.00
<br />0.00
<br />0.00
<br />Rent to COC
<br />.00
<br />1,000.00
<br />1,000.00
<br />1 000.00
<br />�..
<br />000.00,
<br />- . 00
<br />Total Operating Expenses
<br />104,625.84
<br />109,433.33
<br />100,940.44
<br />410,522.85
<br />Operating Income (Loss)
<br />43,363.72
<br />48,066.67
<br />64,934.84
<br />59,102.46
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.00
<br />125.00
<br />0.00
<br />422.00
<br />Trolley
<br />0.00
<br />416.67
<br />150.00
<br />2,648.10
<br />ASA Booth Rentals
<br />0.00
<br />0.00
<br />0.00
<br />1,800.00
<br />Tour de Paris Income
<br />1,040.00
<br />0.00
<br />390.00
<br />5,490.00
<br />Souvenir Sales
<br />345.67
<br />1,666.67
<br />804.69
<br />6,720.54
<br />Interest Income
<br />2.94.
<br />IT 12.50
<br />0.00
<br />0.00
<br />Total Not -Hot Income
<br />1,388.61
<br />_2j220.84'
<br />1,W.69
<br />17,080.64
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />0.00
<br />41.67
<br />0.00
<br />1,601.25
<br />Trolley Expenses
<br />100.00
<br />500.00
<br />483.72
<br />3,145.46
<br />Trolley Insurance
<br />175.07
<br />175.00
<br />494.87
<br />1,318.64
<br />Souvenir Exp
<br />0.00
<br />1,666.667
<br />322290
<br />._e 5,263.76
<br />Total Not -Hot Expenses
<br />275.07
<br />2,383.34
<br />1,301.49
<br />11,329.11
<br />Net Income (Loss)
<br />$ 44,477.26
<br />$ 47,904.17
<br />$ 54,978.04
<br />$ 64,853.99
<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
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