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Paris Visitor & Convention Council
<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 />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 />Month Ended
<br />Month Ended
<br />Month Ended
<br />Aug 31, 2018
<br />Aug 31, 2018
<br />Aug 31, 2017
<br />11 Months Ended
<br />Actual
<br />Budget
<br />Actual
<br />Aug 31, 2017 Actual
<br />REVENUE
<br />Hotel / Motel Occupancy Tax
<br />S _ 182 463.68
<br />$ 157 500.00
<br />$ 188,900.25
<br />om
<br />Total Revenue
<br />182„463.68
<br />157,500.00
<br />188900.25
<br />658,525.56
<br />OPERATING EXPENSES
<br />Training / Education
<br />0.00
<br />250.00
<br />0.00
<br />465.72
<br />Postage
<br />104.37
<br />125.00
<br />7.20
<br />540.37
<br />Misc Expenses
<br />77.96
<br />166.66
<br />33.84
<br />2.553.60
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />248.06
<br />D & O Insurance
<br />0.00
<br />233.33
<br />0.00
<br />1,947.50
<br />Workers Comp
<br />0.00
<br />0.00
<br />0.00
<br />745.73
<br />Staff Ins./Retirement
<br />494.97
<br />1,083.33
<br />509.39
<br />6,540.90
<br />Meetings & Hosting
<br />0.00
<br />250.00
<br />0.00
<br />355.04
<br />Chamber Management
<br />0.00
<br />10,000,00
<br />10,000.00
<br />40,000.00
<br />Small Equipment
<br />386.24
<br />83.33
<br />0.00
<br />278.00
<br />Out of Town Travel
<br />0.00
<br />625.00
<br />0.00
<br />1,303.93
<br />Intown AutolExp Allowance
<br />200.00
<br />416.66
<br />200.00
<br />2,100.00
<br />Membership Dues/Sub.
<br />225.00
<br />333.33
<br />100.00
<br />1,794.67
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />1,758.00
<br />Bookkeeping
<br />488.33
<br />291.66
<br />435.83
<br />.3,728.88
<br />Payroll Expenses
<br />6,498.66
<br />9,583.33
<br />9,478.13
<br />73,827.03
<br />Payroll Tax Expense
<br />491.98
<br />791.66
<br />757.11
<br />5,884.23
<br />Office Expense
<br />0.00
<br />416.66
<br />616.55
<br />1,871.44
<br />Communications
<br />179.71
<br />583.33
<br />120.22
<br />823.23
<br />Furniture & Fixtures
<br />0.00
<br />166.68
<br />0.00
<br />600.00
<br />Business Meetings
<br />0.00
<br />0.00
<br />0.00
<br />74.18
<br />Bicycles & Related Expenses
<br />0.00
<br />0.00
<br />(16,451.43)
<br />0.00
<br />Historical Museum
<br />0.00
<br />0.00
<br />0.00
<br />3,500.00
<br />Bank Service Charge
<br />195.04
<br />33.33
<br />297.88
<br />2,256.05
<br />Motel Tax Transferred to LCC
<br />91,231.84
<br />67,500.00
<br />80,957.25
<br />282,225.23
<br />Marketing/Advertising
<br />6,831.71
<br />5,250.00
<br />5,985.00
<br />44,367.70
<br />Event Expenses
<br />0.00
<br />0.00
<br />0.00
<br />5,125.98
<br />Paris Art &Wine Feat Exp
<br />0.00
<br />0.00
<br />0.00
<br />1,650.00
<br />Tour de Paris Exp
<br />14,086.47
<br />10,000.00
<br />5,763.60
<br />25,434.28
<br />Uncle Jessie's Exp
<br />0,00
<br />0.00
<br />0.00
<br />493.00
<br />Lamar Cc Days in Austin Exp
<br />0.00
<br />0.00
<br />0.00
<br />9,174.06
<br />ASA
<br />0.00
<br />0.00
<br />12.08
<br />22,029.34
<br />SDBA Boat Races
<br />7,500.00
<br />0.00
<br />0,00
<br />7.00
<br />Wings Over Paris Exp
<br />0.00
<br />0.00
<br />0.00
<br />2,500.00
<br />Events Promotion / Funding
<br />4,774.13
<br />0.00
<br />14,295.00
<br />36,220.69
<br />Convention Promotion
<br />0.00
<br />0.00
<br />0.00
<br />250.00
<br />Arts Allocation
<br />0.00
<br />0.00
<br />0.00
<br />7,000.00
<br />Eiffel Tower UghGng/Maint
<br />0.00
<br />0.00
<br />0.00
<br />990.95
<br />Sponsorship Exp
<br />0.00
<br />0.00
<br />0.00
<br />1,000.00
<br />Intern
<br />0.00
<br />125.00
<br />0.00
<br />0,00
<br />Rent toCOC
<br />w 1,000.00„
<br />1,,00000
<br />2,000.00
<br />12,000.00
<br />Total Operating Expenses
<br />134,566.41
<br />109,308.27
<br />115117.65
<br />_.
<br />Operating Income (Loss)
<br />7
<br />.�_.....�a_.
<br />73, �
<br />_.._......._... 782.60
<br />m 54860.79
<br />NOT -HOT INCOME
<br />Mise Income
<br />0.00
<br />125.00
<br />36.00
<br />508.00
<br />Trolley
<br />0.00
<br />416.66
<br />75.00
<br />3,648.10
<br />ASA Booth Rentals
<br />0.00
<br />0.00
<br />0.00
<br />1,800.00
<br />Tour de Paris Income
<br />8,900.00
<br />0.00
<br />0.00
<br />44,987.10
<br />Souvenir Sales
<br />823.66
<br />1,666.66
<br />665.00
<br />9,255.68
<br />Interest Income
<br />10.35
<br />12.50
<br />0.00
<br />0.00
<br />Total Not -Hot Income
<br />9534.01
<br />So 198.8k
<br />NOT -HOT EXPENSES
<br />Credit Card Fees
<br />133.71
<br />0.00
<br />0.00
<br />0.00
<br />Trolley Driver
<br />45.00
<br />41.66
<br />0.00
<br />1,766.25
<br />Trolley Expenses
<br />0.00
<br />500.00
<br />474.85
<br />3,770.31
<br />Trolley Insurance
<br />175.07
<br />175.00
<br />162.59
<br />1,805.41
<br />Souvenir Exp
<br />720.00
<br />1,566.66
<br />_ _.6,939.18„
<br />_.... v 13,650.92
<br />Total Not -Hot Expenses
<br />m 11073.78
<br />2,383.32
<br />^ _ 7576 60
<br />20,993.89
<br />Net Income (Loss)
<br />$ 56 357.50i
<br />4 8 029. 23
<br />68n982.00
<br />S 94 065.78
<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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