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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 12 Months Ended September 30, 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 />12 Months Ended 12 Months Ended
<br />Sep 30, 2018
<br />Sep 30, 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 />307,357.36
<br />270,000.00
<br />37,357.36
<br />113.84%
<br />270,000.00
<br />R.V. Hook Up
<br />7,497.91
<br />6,000.00
<br />1,497.91
<br />124.97%
<br />6,000.00
<br />Misc Income
<br />1,731.73
<br />1,800.00
<br />(68.27)
<br />96.21 °%
<br />1,600.00
<br />Rent
<br />131,662.13
<br />90,000.00
<br />41,662.13
<br />146.31 %
<br />90,000.00
<br />Refunded Deposits
<br />(23,945.00)
<br />(11,000.00)
<br />(12,945.00)
<br />217.68%
<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 />362.57
<br />800.00
<br />(437.43)
<br />45.32%
<br />800.00
<br />Craft Expo Inc.
<br />3,985.00
<br />0.00
<br />3,965.00
<br />0.00%
<br />0.00
<br />�
<br />Bicycle Rentals
<br />cyc
<br />635.07
<br />0.00
<br />3
<br />_ ..,� 635.07
<br />0.00%
<br />0.00
<br />Total Revenue
<br />433,456.77
<br />357,600.00
<br />75,856.77
<br />121.21 %
<br />357„600.00
<br />OPERATING EXPENSES
<br />Training I 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 />217.36
<br />250.00
<br />(32.64)
<br />86.94%
<br />250.00
<br />Communications
<br />4,739.78
<br />6,000.00
<br />(1,260.22)
<br />79.00%
<br />6,000.00
<br />Office Expense
<br />597.46
<br />500.00
<br />97.46
<br />119.49%
<br />500.00
<br />Payroll Expenses
<br />101,856.33
<br />112,000.00
<br />(10,143.67)
<br />90.94%
<br />112,000.00
<br />Payroll Tax Expense
<br />7,935.56
<br />9,000.00
<br />(1,064.44)
<br />88.17%
<br />9,000.00
<br />Marketing/Advertising
<br />1,577.50
<br />3,000.00
<br />(1,422.50)
<br />52.58%
<br />3,000.00
<br />Professional Fees
<br />6,970.83
<br />4,875.00
<br />2,095.83
<br />142.99%
<br />4,875.00
<br />Membership Dues/Sub
<br />156.00
<br />100.00
<br />56.00
<br />156.00%
<br />1 100.00
<br />Utilities
<br />47,933.29
<br />54,750.00
<br />(6,816.71)
<br />87.55%
<br />54,750.00
<br />Intown Auto Exp Allowance
<br />3,000.00
<br />3,000.00
<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 />0.00
<br />Contracted Services
<br />0.00
<br />2,000.00
<br />(2,000.00)
<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 />4,000.00
<br />(3,325.00)
<br />16.88%
<br />4,000.00
<br />Building Maint./Spls.
<br />64,519.23
<br />99,000.00
<br />(34,480.77)
<br />65.17%
<br />99,000.00
<br />Security
<br />994.90
<br />1,000.00
<br />(5.10)
<br />99.49%
<br />1,000.00
<br />Staff Ins./Retirement
<br />8,438.98
<br />8,500.00
<br />(61.02)
<br />99.28%
<br />8,500.00
<br />Insurance
<br />9,049.03
<br />8,850.00
<br />199.03
<br />102.25%
<br />8,850.00
<br />Misc Expenses
<br />1,011.06
<br />1,000.00
<br />11.06
<br />101.11 %
<br />1,000.00
<br />Interest Expense
<br />7,500.51
<br />11,000.00
<br />(3,499.49)
<br />68.19%
<br />11,000.00
<br />Ground Maintenance
<br />8,258.80
<br />7,500.00
<br />758.80
<br />110.12%
<br />7,500.00
<br />Housekeeping Supplies
<br />1,608.97
<br />2,000.00
<br />(391.03)
<br />80.46%
<br />2,000.00
<br />Supplies
<br />2,617.28
<br />0.00
<br />2,617.28
<br />0.00%
<br />0.00
<br />Bicycles & Related Expenses
<br />953.27
<br />0.00
<br />953.27
<br />0.00%
<br />0.00
<br />Catering Exp
<br />1,690.00
<br />0.00
<br />1,690.00
<br />0.00%
<br />0.00
<br />Total Operating Expenses
<br />301,004.86
<br />356 325.00
<br />'55,32014
<br />84.47%
<br />356,325.00
<br />Operating Income (Loss)
<br />,45 .
<br />1,275.
<br />131! 176.91
<br />10,388.39%
<br />1 275.00
<br />OTHER INCOME
<br />Interest Income
<br />79.17
<br />100.00
<br />-(20.P1
<br />79.17%
<br />100.00
<br />Total Other Income
<br />79.17
<br />100.00
<br />_ 2G 0.831
<br />79.17%
<br />100.00
<br />Net Income (Loss)
<br />$ 132,631.08
<br />$ 1 375.00
<br />4_131j.156.011
<br />9,638.62 °% S
<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
<br />
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