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Love Civic Center
<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 />Total Operating Expenses
<br />Operating Income (Loss)
<br />OTHER INCOME
<br />Interest Income
<br />Total Other Income
<br />Net Income (Loss)
<br />294 _____27 862.48 21,
<br />550.67 190,759.63
<br />66,550.17 46,937.52 60,266.71 126,849.35
<br />.0.00 8.33 0.00 0.00
<br />0.00 8.33 0.00 0.00
<br />66,550.17 46,945.85 60,266`.71 126849.35
<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 />Budget
<br />Actual
<br />Actual
<br />REVENUE
<br />Catering
<br />$ 250.00
<br />$ 0.00
<br />$ 250.00
<br />$ 500.00
<br />Motel Tax
<br />73,944.83
<br />67,500.00
<br />66,803.69
<br />201,267.98
<br />R.V. Hook Up
<br />2,658.62
<br />500.00
<br />190.00
<br />10,623.31
<br />Misc Income
<br />0.00
<br />150.00
<br />14.05
<br />14.05
<br />Rent
<br />12,028.61
<br />7,500.00
<br />15,159.64
<br />110,033.64
<br />Refunded Rent Deposits
<br />(1,900.00)
<br />(916.67)
<br />(600.00)
<br />(5,015.00)
<br />Tower Lighting
<br />0.00
<br />66.67
<br />0.00
<br />185.00
<br />Craft Expo Inc.
<br />2,355.00
<br />0.00
<br />0.00
<br />0.00
<br />Bicycle Rentals
<br />154.05
<br />0.00
<br />0.00
<br />_ 0.00
<br />Total Revenue
<br />89,491.11
<br />70
<br />_ 81,817.38
<br />317,608.98
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />9.33
<br />20.83
<br />9.33
<br />71.25
<br />Communications
<br />378.16
<br />500.00
<br />312.81
<br />2,728.08
<br />Office Expense
<br />58.37
<br />41.67
<br />2,546.43
<br />2,596.43
<br />Payroll Expenses
<br />8,273.56
<br />9,333.33
<br />7,482.39
<br />52,459.70
<br />Payroll Tax Expense
<br />633.96
<br />750.00
<br />569.78
<br />4,405.85
<br />Marketing / Advertising
<br />0.00
<br />250.00
<br />0.00
<br />1,203.76
<br />Professional Fees
<br />483.33
<br />250.00
<br />361.67
<br />12,747.99
<br />Membership Dues/Sub
<br />0.00
<br />0.00
<br />0.00
<br />19.66
<br />Utilities
<br />3,813.77
<br />4,562.49
<br />4,815.35
<br />32,589.80
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />250.00
<br />2,100.00
<br />Contracted Services
<br />0.00
<br />166.67
<br />0.00
<br />10,375.00
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />18,000.00
<br />Meetings & Hosting
<br />0.00
<br />0.00
<br />0.00
<br />5.41
<br />Eiffel Tower Lighting/Maint
<br />0.00
<br />333.33
<br />0.00
<br />0.00
<br />Building Maint./Spls.
<br />5,785.43
<br />8,250.00
<br />849.91
<br />23,197.10
<br />Security
<br />58.95
<br />83.33
<br />0.00
<br />0.00
<br />Staff Ins./Retirement
<br />510.83
<br />708.33
<br />819.03
<br />5,288.41
<br />Insurance
<br />0.00
<br />570.83
<br />0.00
<br />5,851.76
<br />Misc Expenses
<br />0.00
<br />83.33
<br />0.00
<br />466.54
<br />Interest Expense
<br />1,752.49
<br />916.67
<br />2,214.98
<br />7,116.55
<br />Ground Maintenance
<br />582.50
<br />625.00
<br />530.00
<br />7,816.50
<br />Housekeeping Supplies
<br />0.00
<br />166.67
<br />314.69
<br />1,152.54
<br />Supplies
<br />10.26
<br />0.00
<br />474.30
<br />567.30
<br />Catering Exp.._.
<br />340.00
<br />0.00
<br />0.00
<br />_ 0.00
<br />Total Operating Expenses
<br />Operating Income (Loss)
<br />OTHER INCOME
<br />Interest Income
<br />Total Other Income
<br />Net Income (Loss)
<br />294 _____27 862.48 21,
<br />550.67 190,759.63
<br />66,550.17 46,937.52 60,266.71 126,849.35
<br />.0.00 8.33 0.00 0.00
<br />0.00 8.33 0.00 0.00
<br />66,550.17 46,945.85 60,266`.71 126849.35
<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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