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Paris Visitor & Convention Council
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 11 Months Ended August 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 />11 Months Ended 11 Months Ended
<br />Aug 31, 2018
<br />Aug 31, 2018
<br />Variance
<br />% of Annual
<br />Annual
<br />Budget
<br />Actual
<br />Budget
<br />Budget
<br />REVENUE
<br />Hotel / Motel Occu Occupancy Tax
<br />Pa
<br />$ 682108.30
<br />$ 630,000.00 a......,
<br />32.108.30
<br />105.10% $,
<br />630,000.00
<br />Total Revenue
<br />662,108 30630,000.00
<br />32 108.30
<br />105.10 °%
<br />630000.00
<br />OPERATING EXPENSES
<br />Pads Downtown Development Plan
<br />10,000.00
<br />0.00
<br />10,00D.00
<br />0.00%
<br />0.00
<br />Training / Education
<br />716.51
<br />2.750.00
<br />(2,033.49)
<br />26.05%
<br />3,000.00
<br />Postage
<br />900.15
<br />1,375.00
<br />(474.85)
<br />65.47%
<br />1,500.00
<br />Misc Expenses
<br />1,047.26
<br />1,833.34
<br />(780.08)
<br />57.12%
<br />2,000.00
<br />D & O Insurance
<br />1,435.33
<br />2,568.67
<br />(1,131.34)
<br />55.92%
<br />2,800.00
<br />Worker's Comp
<br />983.00
<br />2,000.00
<br />(1,017.00)
<br />49.15%
<br />2,000.00
<br />StaffinsJReUrement
<br />7,435.18
<br />11,916.67
<br />(4,481.49)
<br />62.39%
<br />13,000.00
<br />Meetings & Hosting
<br />1,084.74
<br />2,750.00
<br />(1,565.26)
<br />39.45%
<br />3,000.00
<br />Chamber Management
<br />30,000.00
<br />40,000.00
<br />(10,000.00)
<br />75.00%
<br />40,000.00
<br />Small Equipment
<br />386.24
<br />918.67
<br />(530.43)
<br />42.14%
<br />1,000.00
<br />Out of Town Travel
<br />2,378.30
<br />6,875.00
<br />(4,496.70)
<br />34.59%
<br />7,500.00
<br />Intown Auto/Exp Allowance
<br />2,200.00
<br />4,583.34
<br />(2,383.34)
<br />48.00%
<br />5,000.00
<br />Membership Dues/Sub.
<br />1,895.00
<br />3,686.67
<br />(1,771.67)
<br />51.68%
<br />4,000.00
<br />Audit
<br />1,791.66
<br />2,000.00
<br />(208.34)
<br />89.58%
<br />2,000.00
<br />Bookkeeping
<br />9,382.08
<br />3,208.34
<br />6,173.74
<br />292.43%
<br />3,500.00
<br />Payroll Tax Expense
<br />6,572.53
<br />8,708.34
<br />(2,135.81)
<br />75.47%
<br />9,500.00
<br />Payroll Expenses
<br />83,607.17
<br />105,416.57
<br />(21,809.50)
<br />79.31 %
<br />115,000.DO
<br />Office Expense
<br />1,359.40
<br />4,583.34
<br />(3,223.94)
<br />29.68 %
<br />5,000.00
<br />Communications
<br />2,272.62
<br />6,416.67
<br />(4,144.05)
<br />35,42%
<br />7,000.00
<br />Furniture & Fixtures
<br />0.00
<br />1,833.34
<br />(1,833.34)
<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 />2,052.72
<br />366.67
<br />1,686.05
<br />559.83%
<br />400.00
<br />Motel Tax Transferred to LCC
<br />307,357.38
<br />270,000.00
<br />37,357.36
<br />113.84%
<br />270,000.00
<br />Marketing /Advertising
<br />56,470.49
<br />57,750.00
<br />(1,279.51)
<br />97.78%
<br />63,000.00
<br />Event Expenses
<br />0.00
<br />200.00
<br />(200.00)
<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 />25,467.85
<br />32,500.00
<br />(7,032.15)
<br />78.36%
<br />32,500.00
<br />Uncle Jessie's Exp
<br />1,114.10
<br />250.00
<br />864.10
<br />445.54%
<br />250.00
<br />Lamar Co Days in Austin Exp
<br />(4,578.50)
<br />250.00
<br />(4,828.50)
<br />(1,631.40)°%
<br />250.00
<br />ASA
<br />28,421.23
<br />30,000.00
<br />(1,576.77)
<br />94.74%
<br />30,000.00
<br />SDBA Boat Races
<br />7,500.00
<br />7,500.00
<br />0.00
<br />100.00%
<br />7,500.00
<br />Events Promotion / Funding
<br />27,934.54
<br />15,000.00
<br />12,934.54
<br />186.23%
<br />15,000.00
<br />Convention Promotion
<br />2,526.54
<br />O.OD
<br />2,526.54
<br />0.00%
<br />0.00
<br />Arts Allocation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />Eiffel Tower Lighting/Maint
<br />126.25
<br />0.00
<br />12825
<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 />500.00
<br />Intern
<br />0.00
<br />1,375.00
<br />(1,375.00)
<br />0.00%
<br />1,500.00
<br />Rent to COC
<br />- ....._.11 __ -.
<br />_ - 11 <. 0 _
<br />e 00
<br />0..0
<br />100.00 %
<br />12,000.00
<br />Total Operating Expenses
<br />641 „407.33
<br />647 091.73
<br />5 684.40
<br />99.12 °%
<br />669,400.00
<br />Operating Income (Loss)
<br />20,700.97
<br />_ (17,091.73)
<br />37,792.70
<br />(121.12)°A
<br />(39„400.00
<br />NOT -HOT INCOME
<br />Misc Income
<br />1,089.08
<br />1,375.00
<br />(285.92)
<br />79.21 %
<br />1,500.00
<br />Trolley
<br />4,968.55
<br />4,583.34
<br />385.21
<br />108.40%
<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 />47,103.84
<br />45,000.00
<br />2,103.84
<br />104.68 %
<br />45,000.00
<br />Souvenir Sales
<br />8,246.65
<br />18,333.34
<br />(10,086.69)
<br />44.98%
<br />20,000.00
<br />Interest Income
<br />32.12
<br />137.50
<br />105.3.8)
<br />23.36%
<br />150.00
<br />Total Not -HOT Income
<br />62 240.24
<br />69,429.18
<br />71188.844
<br />89,65 %
<br />7711 660.00
<br />NOT -HOT EXPENSES
<br />Credit Card Fees
<br />319,27
<br />0.00
<br />319,27
<br />0.00%
<br />0.00
<br />Trolley Driver
<br />1,185.00
<br />458.34
<br />728.66
<br />258.54%
<br />500.00
<br />Trolley Expenses
<br />1,684.78
<br />5,500.00
<br />(3,815.22)
<br />30.63%
<br />6,000.00
<br />Trolley Insurance
<br />1,927.93
<br />1,925.00
<br />2.93
<br />100.15%
<br />2,100.00
<br />Souvenir IxP
<br />_..., , _ 1, .e 4
<br />m . w 18 333 ,3,4,
<br />1 2
<br />( ,315.80)
<br />32.82%
<br />20000.00
<br />Total Not -Not Expenses
<br />11,134.52
<br />26„216 68
<br />(15,082,16)
<br />42.47 °%
<br />28,600.00
<br />Net Income (Loss)
<br />S 71 806.69$
<br />26J20-77 S
<br />_ 45 685.92
<br />274.90% E
<br />3„850.00
<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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