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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 10 Months Ended July 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 />10 Months Ended 10 Months Ended
<br />Jul 31, 2018
<br />Jul 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 />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 />5,945.51
<br />5,000.00
<br />945.51
<br />118.91 %
<br />6,000.00
<br />Misc Income
<br />1,431.73
<br />1,500.00
<br />(68.27)
<br />95.45%
<br />1,800.00
<br />Rent
<br />109,096.87
<br />75,000.00
<br />34,096.87
<br />145.46%
<br />90,000.00
<br />Refunded Deposits
<br />(20,845.00)
<br />(9,166.68)
<br />(11,678.32)
<br />227.40%
<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 />262.57
<br />666.68
<br />(404.11)
<br />39.38%
<br />800.00
<br />Craft Expo Inc.
<br />3,985.00
<br />0.00
<br />3,985.00
<br />0.00%
<br />0.00
<br />Bicycle Rentals
<br />2,779.28
<br />--- 0.00„
<br />�2„779.28
<br />0.00% w
<br />m 0.00
<br />Total Revenue
<br />319,931.48
<br />275,500.00
<br />______M,431.48
<br />116.13%
<br />357,600.00
<br />OPERATING EXPENSES
<br />Training / Education
<br />125.00
<br />0.00
<br />125.00
<br />0.00%
<br />0.00
<br />Craft Expo
<br />519.19
<br />0.00
<br />519.19
<br />0.00%
<br />0.00
<br />Bank Service Charge
<br />185.34
<br />208.34
<br />(23.00)
<br />88.98%
<br />250.00
<br />Communications
<br />3,795.38
<br />5,ODO.00
<br />(1,204.62)
<br />75.91 °%
<br />6,000.00
<br />Office Expense
<br />513.50
<br />416.68
<br />96.82
<br />123.24%
<br />500.00
<br />Payroll Expenses
<br />84,554.42
<br />93,333.34
<br />(8,778.92)
<br />90-59%
<br />112,000.00
<br />Payroll Tax Expense
<br />6,623.54
<br />7,500.00
<br />(876.46)
<br />88.31 %
<br />9,000.00
<br />Marketing/Advertising
<br />1,577.50
<br />2,500.00
<br />(922.50)
<br />63.10°%
<br />3,000.00
<br />Professional Fees
<br />6,079.17
<br />4,375.00
<br />1,704.17
<br />138.95%
<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 />38,558.11
<br />45,625.02
<br />(7,066.91)
<br />84.51 %
<br />54,750.00
<br />Intown Auto Exp Allowance
<br />2,500.00
<br />2,500.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Contracted Services
<br />0.00
<br />1,666.68
<br />(1,666.68)
<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 />3,333.34
<br />(3,333.34)
<br />0.00%
<br />4,000.00
<br />Building Maint./Spas.
<br />62,561.93
<br />82,500.00
<br />(19,938.07)
<br />75.83%
<br />99,000.00
<br />Security
<br />747.00
<br />833.34
<br />(86.34)
<br />89.64%
<br />1,000.00
<br />Staff Ins./Retirement
<br />6,946.79
<br />7,083.34
<br />(136.55)
<br />98.07%
<br />8,500.00
<br />Insurance
<br />9,049.03
<br />7,708.34
<br />1,340.69
<br />117.39%
<br />8,850.00
<br />Misc Expenses
<br />873.75
<br />833.34
<br />40.41
<br />104.85%
<br />1,000.00
<br />Interest Expense
<br />5,786.88
<br />9,166.68
<br />(3,379.80)
<br />63.13%
<br />11,000.00
<br />Ground Maintenance
<br />7,676.30
<br />6,250.00
<br />1,426.30
<br />122.82%
<br />7,500.00
<br />Housekeeping Supplies
<br />1,433.61
<br />1,666.68
<br />(233.07)
<br />86.02%
<br />2,000.00
<br />Supplies
<br />1,248.15
<br />0.00
<br />1,248.15
<br />0.00%
<br />0.00
<br />Bicycles & Related Expenses
<br />590.27
<br />0.00
<br />590.27
<br />0.00%
<br />0.00
<br />Catering Exp
<br />11,6913.00
<br />0.00
<br />_690.00
<br />0.00%
<br />0.00
<br />Total Operating Expenses
<br />261,790.86
<br />300,600.12
<br />..... J18 809.26!
<br />87.09%
<br />356,325.00
<br />Operating Income (Loss)
<br />58,140.6225,100.12
<br />83 240.74
<br />(231.63%
<br />1,275.00
<br />OTHER INCOME
<br />Interest Income
<br />0.00_
<br />83.343.34
<br />0.00 °%
<br />100.00
<br />Total Other Income
<br />_0.00
<br />83.34
<br />(83.341
<br />0.00%
<br />100.00
<br />Net Income (Loss)
<br />$ 58,140.62
<br />$ 25 016.78
<br />$ 63„157.402[
<br />32.41)% $
<br />1,375.00
<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
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