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Love Civic Center
<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 Budget
<br />Annual
<br />Actual
<br />Budget
<br />Budget
<br />REVENUE
<br />Catering
<br />$ 750.00
<br />$ 0.00
<br />$ 750.00
<br />0.00
<br />Motel Tax
<br />216,125.52
<br />202,500.00
<br />13,625.52
<br />106.73%
<br />270,000.00
<br />R.V. Hook Up
<br />5,603.32
<br />4,000.00
<br />1,603.32
<br />140.08%
<br />6,000.00
<br />Misc Income
<br />1,431.73
<br />1,200.00
<br />231.73
<br />119.31 %
<br />1,800.00
<br />Rent
<br />95,891.48
<br />60,000.00
<br />35,891.48
<br />159.82%
<br />90,000.00
<br />Refunded Deposits
<br />(15,120.00)
<br />(7,333.36)
<br />(7,786.64)
<br />206.18%
<br />(11,000.00)
<br />Booth Rental
<br />400.00
<br />0.00
<br />400.00
<br />0.00
<br />Tower Lighting
<br />162.57
<br />533.36
<br />(370.79)
<br />30.48%
<br />800.00
<br />Craft Expo Inc.
<br />2,355.00
<br />0.00
<br />2,355.00
<br />0.00
<br />Bi cle Rentals
<br />cy
<br />1,869.26
<br />_.. _..._..
<br />,869.26
<br />0.00
<br />Total Revenue
<br />309,468.88
<br />260,900.00
<br />48,568.88
<br />118.62 %
<br />35 7 600.00
<br />�
<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 />162.94
<br />166.68
<br />(3.74)
<br />97.76%
<br />250.00
<br />Communications
<br />3,181.50
<br />4,000.00
<br />(818.50)
<br />79.54%
<br />6,000.00
<br />Office Expense
<br />324.98
<br />333.36
<br />(8.38)
<br />97.49%
<br />500.00
<br />Payroll Expenses
<br />65,635.79
<br />74,666.68
<br />(9,030.89)
<br />87.91 %
<br />112,000.00
<br />Payroll Tax Expense
<br />5,168.33
<br />6,000.00
<br />(831.67)
<br />86.14%
<br />9,000.00
<br />Marketing / Advertising
<br />1,577.50
<br />2,000.00
<br />(422.50)
<br />78.88%
<br />3,000.00
<br />Professional Fees
<br />5,069.17
<br />3,875.00
<br />1,194.17
<br />130.82%
<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 />30,341.26
<br />36,500.04
<br />(6,158.78)
<br />83.13%
<br />54,750.00
<br />Intown Auto Exp Allowance
<br />2,000.00
<br />2,000.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Contracted Services
<br />0.00
<br />1,333.36
<br />(1,333.36)
<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 />2,666.68
<br />(2,666.68)
<br />0.00%
<br />4,000.00
<br />Building Maint./Spls.
<br />61,426.24
<br />66,000.00
<br />(4,573.76)
<br />93.07%
<br />99,000.00
<br />Security
<br />747.00
<br />666.68
<br />80.32
<br />112.05%
<br />1,000.00
<br />Staff Ins./Retirement
<br />5,794.38
<br />5,666.68
<br />127.70
<br />102.25%
<br />8,500.00
<br />Insurance
<br />8,988.10
<br />6,566.68
<br />2,421.42
<br />136.87%
<br />8,850.00
<br />Misc Expenses
<br />646.69
<br />666.68
<br />180.01
<br />127.00%
<br />1,000.00
<br />Interest Expense
<br />5,786.88
<br />7,333.36
<br />(1,546.48)
<br />78.91 %
<br />11,000.00
<br />Ground Maintenance
<br />5,550.00
<br />5,000.00
<br />550.00
<br />111.00%
<br />7,500.00
<br />Housekeeping Supplies
<br />1,417.84
<br />1,333.36
<br />84.48
<br />106.34%
<br />2,000.00
<br />Supplies
<br />966.14
<br />0.00
<br />966.14
<br />0.00
<br />Bicycles & Related Expenses
<br />237.05
<br />0.00
<br />237.05
<br />0.00
<br />Catering Exp1,690.00
<br />,
<br />0.00
<br />1,690.00
<br />0.00
<br />Total Operating Expenses
<br />225,287.73
<br />244®876.24
<br />(19,687.51)
<br />92.00%
<br />356,325.00
<br />Operating income (Loss)525.32
<br />84,181.15
<br />16,024.76
<br />68 756.39
<br />%
<br />1,275.00
<br />OTHER INCOME
<br />Interest Income
<br />0.00
<br />66.68
<br />..__........ 66.68
<br />0.00%
<br />100.00
<br />Total Other Income
<br />0.00
<br />66.68
<br />(66.68)
<br />0.00% _
<br />100.00
<br />Net Income (Loss)
<br />$ 84,181.15
<br />$ 16,091.44
<br />$ 68 089.71
<br />523.14% $
<br />1376= 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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