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Paris Visitor & Convention Council
<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 Annual
<br />Annual
<br />Budget
<br />Actual
<br />Budget
<br />Budget
<br />REVENUE
<br />Hotel / Motel Occupancy Tax
<br />$ 479 544.62
<br />$ 472 500.00 3
<br />7144.62
<br />0.00% s „_
<br />o 000,00,
<br />Total Revenue
<br />479644.62
<br />472„500.00 _ww
<br />7,144.62
<br />101.51 %
<br />630,900.00
<br />OPERATING EXPENSES
<br />Paris Downtown Development Plan
<br />10,000.00
<br />0.00
<br />10,000.00
<br />0.00%
<br />0.00
<br />Training / Education
<br />716.51
<br />2,500.00
<br />(1,783.49)
<br />28.66%
<br />3,000.DD
<br />Postage
<br />795.78
<br />1,250.00
<br />(454.22)
<br />63.68%
<br />1,500.00
<br />Mise Expenses
<br />989.30
<br />1,686.68
<br />(897.38)
<br />58.16%
<br />2,000.00
<br />D & O Insurance
<br />1,435.33
<br />2,333.34
<br />(898.01)
<br />81.51 %
<br />2,600.00
<br />Worker's Comp
<br />983.00
<br />2,000.00
<br />(1,017.00)
<br />0.00%
<br />2,000.00
<br />Staff Ins./Retirement
<br />6,940.21
<br />10,833.34
<br />(3,893.13)
<br />64.06%
<br />13,000.00
<br />Meetings & Hosting
<br />1,084.74
<br />2,500.00
<br />(1,415.26)
<br />43.39%
<br />3,000.00
<br />Chamber Management
<br />30,000.00
<br />30,000.00
<br />0.00
<br />0.00%
<br />40,000.00
<br />Small Equipment
<br />0.00
<br />833.34
<br />(833.34)
<br />D.00 %
<br />1,000.00
<br />Out of Town Travel
<br />2,378.30
<br />6,250.00
<br />(3,871.70)
<br />38.05%
<br />7,500.00
<br />Intown Auto/Exp Allowance
<br />2,000,00
<br />4,166.68
<br />(2,166.68)
<br />48.00%
<br />5,000.00
<br />Membership Dues/Sub.
<br />945.00
<br />3,333.54
<br />(2,388.34)
<br />28.35%
<br />4,000.00
<br />Audit
<br />1,791.65
<br />2,000.00
<br />(208.34)
<br />0.00%
<br />2,000.00
<br />Bookkeeping
<br />8,893.75
<br />2,916.68
<br />5,977.07
<br />304.93%
<br />3,500.00
<br />Payroll Tax Expense
<br />6,080.55
<br />7,918.88
<br />(1,836.13)
<br />76.81 %
<br />9,500.00
<br />Payroll Expenses
<br />77,108.51
<br />95,833.34
<br />(18,724.83)
<br />80.46%
<br />115,000.00
<br />OMoe Expense
<br />1,359.40
<br />4,168.88
<br />(2,807.28)
<br />32.63%
<br />5,000.00
<br />Communications
<br />2,092.91
<br />5,833.34
<br />(3,740.43)
<br />35.88%
<br />7,000.00
<br />Furniture & Fixtures
<br />0.00
<br />1,666.68
<br />(1,666.88)
<br />0.00%
<br />2,000.00
<br />Historical Museum
<br />3,500.00
<br />0.00
<br />3,500.00
<br />0.00%
<br />0.00
<br />Bank Service Charge
<br />1,857.68
<br />333.34
<br />1,524.34
<br />657.29%
<br />400.00
<br />Motel Tax Transferred to LCC
<br />216,125.52
<br />202,500.00
<br />13,625.52
<br />0.00%
<br />270,000.00
<br />Marketing /Advertising
<br />49,225.37
<br />52,500.00
<br />(3,273.63)
<br />93.78%
<br />63,000.00
<br />Event Expenses
<br />1,337.41
<br />200.00
<br />1,137.41
<br />0.00%
<br />200.00
<br />Chaparral Square Dancers
<br />51.34
<br />0.00
<br />51.34
<br />0.00%
<br />500.00
<br />Tour de Paris Exp
<br />11,381.38
<br />22,500.00
<br />(11,118.62)
<br />50.58%
<br />32,500.00
<br />Uncle Jessie's Exp
<br />1,114.10
<br />250.00
<br />864.10
<br />0.00%
<br />250.00
<br />Lamar Cc Days in Austin Exp
<br />(4,578.50)
<br />250.00
<br />(4,828.50)
<br />0.00%
<br />250.00
<br />ASA
<br />28,421.23
<br />30,000.00
<br />(1,578.77)
<br />0.00%
<br />30,000.00
<br />SOBA Boat Races
<br />7,500.00
<br />7,500.00
<br />0.00
<br />0.00%
<br />7,500.00
<br />Events Promotion / Funding
<br />23,160.41
<br />15,000.00
<br />8,160.41
<br />0.00%
<br />15,000.00
<br />Convention Promotion
<br />2,528.54
<br />0.00
<br />2,528.54
<br />0.00%
<br />0.00
<br />Arts Allocation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />0.00%
<br />7,000.00
<br />Eft Tower Lighting/Maint
<br />126.25
<br />0.00
<br />126.25
<br />0.00%
<br />0.00
<br />Membership Relations
<br />16.24
<br />0.00
<br />16.24
<br />0.00%
<br />0.00
<br />Sponsorship Exp
<br />0.00
<br />500.00
<br />(500.00)
<br />0,00%
<br />50D.00
<br />Intern
<br />0.00
<br />1,250.00
<br />(1,250.00)
<br />0.00%
<br />1,500.00
<br />Rent to COC
<br />10,000 OD
<br />........
<br />10, 0.00
<br />0
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses514
<br />340.92
<br />53
<br />(23,442.54)
<br />6.64%
<br />669 400.00
<br />Operating Income (Lass)
<br />Q34,686.30)
<br />(65,283.46
<br />30 587.16
<br />53.16% _.......
<br />_.11!,400.00
<br />NOT -HOT INCOME
<br />Mlsc Income
<br />1,089.08
<br />1,250.00
<br />(160.92)
<br />87,13%
<br />1,500.00
<br />Trolley
<br />4,968.55
<br />4,166.68
<br />801.87
<br />119.24%
<br />5,000.00
<br />ASA Booth Rentals
<br />800.00
<br />0.00
<br />800.00
<br />0.00%
<br />0.00
<br />Tour de Paris Income
<br />38,203.84
<br />45,000.00
<br />(8,796.16)
<br />54.90%
<br />45,000.00
<br />Souvenir Sales
<br />7,622.99
<br />18,666.68
<br />(9,043.69)
<br />45.74%
<br />20,000.00
<br />Interest Income
<br />21.77__
<br />125.00
<br />X103?3
<br />_ 17.42%
<br />150.00
<br />Total Not -HOT Income
<br />(14„502.131
<br />78.42%
<br />71,650.00
<br />NOT -HOT EXPENSES
<br />Credit Card Fees
<br />185.56
<br />0.00
<br />185.56
<br />0.00%
<br />0.00
<br />Trolley Driver
<br />1,140.00
<br />416.68
<br />723.32
<br />273.59%
<br />500.00
<br />Trolley Expenses
<br />1,884.78
<br />5,000.00
<br />(3,315.22)
<br />33.70%
<br />6,000.00
<br />Trolley Insurance
<br />1,752.86
<br />1,750.00
<br />2.86
<br />100.16%
<br />2,100.00
<br />SouvenirFxp
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<br />W._�1.1..�389�14�
<br />1.79 %
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<br />Total Not -Hot Expenses
<br />10,060.7413�
<br />772.62)2.21%
<br />28600.00
<br />Net Income (lass)
<br />f 7,949.19
<br />;__21�908.4�6N ?2111
<br />57.611,,
<br />_... 3.:�% $
<br />3 650.00
<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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