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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 7 Months Ended April 30, 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 />7 Months Ended
<br />7 Months Ended
<br />Apr 30, 2018
<br />Apr 30, 2018
<br />Variance
<br />% of Budget
<br />Annual
<br />Actual
<br />Budget
<br />Budget
<br />REVENUE
<br />Catering
<br />$ 500.00
<br />$ 0.00
<br />$ 500.00
<br />0.00%
<br />0.00
<br />Motel Tax
<br />142,180.69
<br />135,000.00
<br />7,180.69
<br />0.00%
<br />270,000.00
<br />R.V. Hook Up
<br />2,944.70
<br />3,500.00
<br />(555.30)
<br />84.13%
<br />6,000.00
<br />Misc Income
<br />1,431.73
<br />1,050.00
<br />381.73
<br />136.36%
<br />1,800.00
<br />Rent
<br />83,862.87
<br />52,500.00
<br />31,362.87
<br />159.74%
<br />90,000.00
<br />Refunded Deposits
<br />(14,220.00)
<br />(6,416.69)
<br />(7,803.31)
<br />221.61 %
<br />(11,000.00)
<br />Booth Rental
<br />400.00
<br />0.00
<br />400.00
<br />0.00%
<br />0.00
<br />Tower Lighting
<br />162.57
<br />466.69
<br />(304.12)
<br />34.83%
<br />800.00
<br />Bicycle Rentals
<br />_ 1,715.21,
<br />0,00
<br />1,715.21
<br />0.00%
<br />0.00
<br />Total Revenue
<br />8,977.77
<br />186 100.00
<br />32 877.77
<br />117.67 %,
<br />357r600.00
<br />OPERATING EXPENSES
<br />Training / Education
<br />125.00
<br />0.00
<br />125.00
<br />0.00
<br />Craft Expo
<br />94.94
<br />0.00
<br />94.94
<br />0.00
<br />Bank Service Charge
<br />153.61
<br />145.85
<br />7.76
<br />105.32%
<br />250.00
<br />Communications
<br />2,803.34
<br />3,500.00
<br />(696.66)
<br />80.10%
<br />6,000.00
<br />Office Expense
<br />266.61
<br />291.69
<br />(25.08)
<br />91.40%
<br />500.00
<br />Payroll Expenses
<br />57,362.23
<br />65,333.35
<br />(7,971.12)
<br />87.80%
<br />112,000.00
<br />Payroll Tax Expense
<br />4,534.37
<br />5,250.00
<br />(715.63)
<br />86.37%
<br />9,000.00
<br />Marketing / Advertising
<br />1,577.50
<br />1,750.00
<br />(172.50)
<br />90.14%
<br />3,000.00
<br />Professional Fees
<br />4,5B5.84
<br />3,625.00
<br />960.84
<br />126.51 %
<br />4,875.00
<br />Membership Dues/Sub
<br />156.00
<br />100.00
<br />56.00
<br />156.00%
<br />100.00
<br />Utilities
<br />26,527.49
<br />31,937.55
<br />(5,410.06)
<br />83.06%
<br />54,750.00
<br />Intown Auto Exp Allowance
<br />1,750.00
<br />1,750.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Contracted Services
<br />0.00
<br />1,166.69
<br />(1,166.69)
<br />0.00%
<br />2,000.00
<br />Chamber Management
<br />18,000.00
<br />18,000.00
<br />0.00
<br />0.00%
<br />18,000.00
<br />Eiffel Tower Lighting/Maint
<br />0.00
<br />2,333.35
<br />(2,333.35)
<br />0.00%
<br />4,000.00
<br />Building Maint./Spls.
<br />55,640.81
<br />57,750.00
<br />(2,109.19)
<br />96.35%
<br />99,000.00
<br />Security
<br />688.05
<br />583.35
<br />104.70
<br />117.95%
<br />1,000.00
<br />Staff Ins./Retirement
<br />5,283.55
<br />4,958.35
<br />325.20
<br />106.56%
<br />8,500.00
<br />Insurance
<br />8,988.10
<br />5,995.85
<br />2,992.25
<br />149.91 %
<br />8,850.00
<br />Misc Expenses
<br />846.69
<br />583.35
<br />263.34
<br />145.14%
<br />1,000.00
<br />Interest Expense
<br />4,034.39
<br />6,416.69
<br />(2,382.30)
<br />62.87%
<br />11,000.00
<br />Ground Maintenance
<br />4,967.50
<br />4,375.00
<br />592.50
<br />113.54%
<br />7,500.00
<br />Housekeeping Supplies
<br />1,417.84
<br />1,166.69
<br />251.15
<br />121.53%
<br />2,000.00
<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 />237.05
<br />0.00
<br />237.05
<br />0.00%
<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 />0 .346.79
<br />_(1r665.97�
<br />217,012.76
<br />4
<br />93.24 %
<br />356,325.00
<br />Operating Income(Loss)
<br />16,630.98
<br />�30,9�12.7_6
<br />47,.543.74
<br />(53.80)%
<br />1,275.00
<br />OTHER INCOME
<br />Interest Income
<br />0.00
<br />58.35
<br />�IT 58.35'
<br />0.00%
<br />100.00
<br />Total Other Income
<br />0.00
<br />58.35
<br />58.35
<br />0.00%
<br />100.00
<br />Net Income (Loss)
<br />S 16 630.98
<br />; 30 854.41'
<br />; 47 485.39
<br />(53.901% $
<br />_9„ 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 income tax basis of
<br />accounting are omitted and no assurance is provided
<br />
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