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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 11 Months Ended August 31, 2018
<br />Net Income (Loss) 134,941.99
<br />29.11 $ 113,012.88 615.36% $ 1375.00 -
<br />Financial
<br />375.00Financial 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 />11 Months Ended 11 Months Ended
<br />Annual
<br />Aug 31, 2018
<br />Aug 31, 2018
<br />Variance
<br />% of Budget
<br />Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Catering
<br />$ 750.00 $
<br />0.00
<br />$ 750.00
<br />0.00
<br />Motel Tax
<br />307,357.36
<br />270,000.00
<br />37,357.36
<br />113.84%
<br />270,000.00
<br />R.V. Hook Up
<br />6,494.02
<br />5,500.00
<br />994.02
<br />118.07%
<br />61000.00
<br />Misc Income
<br />1,731.73
<br />1,650.00
<br />81.73
<br />104.95%
<br />1,800.00
<br />Rent
<br />122,823.63
<br />82,500.00
<br />40,323.63
<br />148,88%
<br />90,000.00
<br />Refunded Deposits
<br />(22,845.00)
<br />(10,083.34)
<br />(12.761.66)
<br />226.56%
<br />(11,000.00)
<br />Booth Rental
<br />400.00
<br />0.00
<br />400.00
<br />0.00
<br />Tower Ughting
<br />262.57
<br />733.34
<br />(470.77)
<br />35.80%
<br />800.00
<br />Craft Expo Inc.
<br />3,985.00
<br />0.00
<br />3,985.00
<br />0.00
<br />Bicycle Rentals
<br />0.00
<br />_... 3,394.44
<br />0.00
<br />Total Revenue
<br />4241363.75
<br />350 CC.00
<br />_ 74,053.75
<br />121.14%
<br />357 600.00
<br />OPERATING EXPENSES
<br />Training / Education
<br />125.00
<br />0.00
<br />125.00
<br />0.00
<br />Craft Expo
<br />519.19
<br />0.00
<br />519.19
<br />0.00
<br />Bank SerAoe Charge
<br />196.54
<br />229.17
<br />(32.63)
<br />85.76%
<br />250.00
<br />Communications
<br />4,359.89
<br />5,500.00
<br />(1,140.11)
<br />79.27%
<br />6,000.00
<br />Office Expense
<br />597.46
<br />458.34
<br />139.12
<br />130.35%
<br />500.00
<br />Payroll Expenses
<br />93,834.67
<br />102,666.67
<br />(8,832.00)
<br />91.40%
<br />112,000.00
<br />Payroll Tax Expense
<br />7,327.56
<br />8,250.00
<br />(922.44)
<br />88.82%
<br />9,000.00
<br />Marketing /Advertising
<br />1,577.50
<br />2,750.00
<br />(1,172.50)
<br />57.36%
<br />3,000.00
<br />Professional Fees
<br />6,567.50
<br />4,625.00
<br />1,942.50
<br />142.00%
<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 />47,307.52
<br />50,187.51
<br />(2,879.99)
<br />94.26%
<br />54,750.00
<br />Intown Auto Exp Allowance
<br />2,750.00
<br />2,750.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Small Equipment
<br />59.53
<br />0.00
<br />59.53
<br />0.00
<br />Contracted Services
<br />0.00
<br />1,833.34
<br />(1,833.34)
<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 />675.00
<br />3,666.67
<br />(2,991.67)
<br />18.41 %
<br />4,000.00
<br />Building Maint./Spis.
<br />64,473.58
<br />90,750.00
<br />(26,276.42)
<br />71.05%
<br />99,000.00
<br />Security
<br />870.95
<br />916.67
<br />(45.72)
<br />95.01 %
<br />1,000.00
<br />Staff Ins./Retirement
<br />7,457.62
<br />7,791.67
<br />(334.05)
<br />95.71 %
<br />8,500.00
<br />Insurance
<br />9,049.03
<br />8,279.17
<br />769.86
<br />109.30%
<br />8,850.00
<br />Misc Expenses
<br />962.35
<br />916.67
<br />45.68
<br />104.98%
<br />1,000.00
<br />Interest Expense
<br />7,500.51
<br />10,083.34
<br />(2,582.83)
<br />74,39%
<br />11,000.00
<br />Ground Maintenance
<br />8,258.80
<br />6,875.00
<br />1,383.80
<br />120.13%
<br />7,500.00
<br />Housekeeping Supplies
<br />1,608.97
<br />1,833.34
<br />(224.37)
<br />87.76%
<br />2,000.00
<br />Supplies
<br />2,533.32
<br />0.00
<br />2,533.32
<br />0.00
<br />Bicycles & Related Expenses
<br />953.27
<br />0.00
<br />953.27
<br />0.00
<br />Catering Exp
<br />1.:,690.00
<br />0.00
<br />1,690.00
<br />0.00
<br />Total Operating Expenses
<br />289411.76
<br />328,462.56
<br />_ 39,050.80
<br />88.11 %
<br />356,325.00
<br />Operating Income (Loss)
<br />.___134 41-99
<br />21
<br />113,104.55
<br />617.94%
<br />1,275.00
<br />OTHER INCOME
<br />Interest Income
<br />0.00
<br />91.67
<br />...... 91.6
<br />0.00%
<br />100.00
<br />Total Other Income
<br />0.00
<br />91.67
<br />(91.67)
<br />0.00 %
<br />100.00
<br />Net Income (Loss) 134,941.99
<br />29.11 $ 113,012.88 615.36% $ 1375.00 -
<br />Financial
<br />375.00Financial 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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