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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 August 31, 2018 and 2017 and 11 Months Ended August 31, 2017
<br />Month Ended Month Ended Month Ended i1 Months Ended
<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 />Aug 31, 2018 Aug 31, 2018 Aug 31, 2017
<br />Aug 31, 2017
<br />Actual
<br />Budget
<br />Actual
<br />Actual
<br />REVENUE
<br />Catering
<br />$ 0.00 $
<br />0.00 $
<br />0.00 $
<br />500.00
<br />Motel Tax
<br />91,231.84
<br />67,500.00
<br />80,957,25
<br />282,225.23
<br />R.V. Hook Up
<br />548.51
<br />500.00
<br />342.34
<br />11,376.15
<br />Misc Income
<br />300.00
<br />150.00
<br />96.35
<br />110.40
<br />Rent
<br />13,725.75
<br />7,500.00
<br />16,301.35
<br />147,875.04
<br />Refunded Rent Deposds
<br />(2,000.00)
<br />(916.66)
<br />(5,835.00)
<br />(12,817.00)
<br />Tower Lighting
<br />0.00
<br />66.66
<br />0.00
<br />185.00
<br />Bicycle Rentals
<br />615.16
<br />0.00
<br />3,424.63
<br />_3,424-83
<br />Total Revenue
<br />104j422.27
<br />74 800.00
<br />9 5,286.92
<br />432,879.45
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />11.20
<br />20.83
<br />41.20
<br />166.72
<br />Communications
<br />564.51
<br />500.00
<br />378.95
<br />3,651.09
<br />Office Expense
<br />83.96
<br />41.66
<br />(45.20)
<br />2,551.23
<br />Payroll Expenses
<br />9,280.25
<br />9,333.33
<br />7,584.30
<br />77,199.14
<br />Payroll Tax Expense
<br />704.02
<br />750.00
<br />554.49
<br />6,246.67
<br />Marketing / Advertising
<br />0.00
<br />250.00
<br />0.00
<br />1,203.76
<br />Professional Fees
<br />488.33
<br />250.00
<br />435.84
<br />13,888.83
<br />Membership Dues/Sub
<br />0.00
<br />0.00
<br />0.00
<br />19.66
<br />Utilities
<br />8,749.41
<br />4,562.49
<br />4,879.29
<br />45,158.51
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />250.00
<br />2,850.00
<br />Small Equipment
<br />59.53
<br />0.00
<br />0.00
<br />0.00
<br />Contracted Services
<br />0.00
<br />166.66
<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 />E'dfel Tower Lighting/Maint
<br />675.00
<br />333.33
<br />0.00
<br />0.00
<br />Building Maint./Spls.
<br />1,911.65
<br />8,250.00
<br />5,763.14
<br />33,951.94
<br />Security
<br />123.95
<br />83.33
<br />0.00
<br />0.00
<br />Staff InsJRetirement
<br />510.83
<br />708.33
<br />530.50
<br />6,551.61
<br />Insurance
<br />0.00
<br />570.83
<br />3,286.21
<br />9,137.97
<br />Mise Expenses
<br />88.60
<br />83.33
<br />80.00
<br />591.93
<br />Interest Expense
<br />1,713.63
<br />916.66
<br />2,176.40
<br />9,292.95
<br />Ground Maintenance
<br />582.50
<br />625.00
<br />530.00
<br />9,406.50
<br />Housekeeping Supplies
<br />175.36
<br />166.66
<br />396.34
<br />1,932.07
<br />Fumiture & Fixtures
<br />0.00
<br />0.00
<br />0.00
<br />3,524.40
<br />Supplies
<br />1,285.17
<br />0.00
<br />440.99
<br />1,426.79
<br />Bicycles & Related Expenses
<br />363.00
<br />0.00
<br />16571.4316„571.43
<br />Total Operating Expenses
<br />27 620.90
<br />43 853.88
<br />273,703.61
<br />Operating Income (Loss)
<br />76,801.37 _
<br />46 937.56
<br />_ 51,433.04
<br />159,175.84
<br />OTHER INCOME
<br />Interest Income
<br />0.00
<br />8.33
<br />_ 0.00
<br />0.00
<br />, m,
<br />Total Other Income
<br />0.00
<br />8.33
<br />0.00
<br />_ 0.00
<br />Net Income (Loss)
<br />7_64801 -L7
<br />46,945.69
<br />51j433.114
<br />_ 153,175.84
<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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