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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 3 Months Ended December 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 />3 Months Ended
<br />3 Months Ended
<br />Dec 31, 2018
<br />Dec 31, 2018
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 188,476.26
<br />$ 160,000.00 , $µWwwµ
<br />28,476.26
<br />0.00%
<br />$w ... 640,000.00
<br />Total Revenue
<br />188,476.26
<br />160,000.00
<br />26 476.26
<br />0.00%
<br />640,000.00
<br />Operating Expenses
<br />Training / Education
<br />0.00
<br />501.00
<br />(501.00)
<br />0.00%
<br />2,000.00
<br />Postage
<br />235.32
<br />375.00
<br />(139.68)
<br />62.75%
<br />1,500.00
<br />Misc Expenses
<br />63.96
<br />624.00
<br />(560.04)
<br />10.25%
<br />2,500.00
<br />0 & 0 Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,800.00
<br />Worker's Comp
<br />707.33
<br />2,000.00
<br />(1,292.67)
<br />35.37%
<br />2,000.00
<br />Staff Ins./Retirement
<br />1,944.70
<br />2,502.00
<br />(557.30)
<br />77.73%
<br />10,000.00
<br />Meetings & Hosting
<br />204.90
<br />750.00
<br />(545.10)
<br />27.32%
<br />3,000.00
<br />Chamber Management
<br />10,000.00
<br />10,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Small Equipment
<br />0.00
<br />252.00
<br />(252.00)
<br />0.00%
<br />1,000.00
<br />Out of Town Travel
<br />269.90
<br />1,251.00
<br />(981.10)
<br />21.57%
<br />5,000.00
<br />Intown Auto/Exp Allowance
<br />600.00
<br />1,251.00
<br />(651.00)
<br />47.96%
<br />5,000.00
<br />Membership Dues/Sub.
<br />790.00
<br />1,800.00
<br />(1,010.00)
<br />43.89%
<br />4,000.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Bookkeeping
<br />1,530.49
<br />1,125.00
<br />405.49
<br />136,04%
<br />4,500.00
<br />Payroll Expenses
<br />20,676.18
<br />20,001.00
<br />675.18
<br />103.38%
<br />80,000.00
<br />Payroll Tax Expense
<br />1,597.22
<br />1,530.00
<br />67.22
<br />104.39 %
<br />6,120.00
<br />Office Expense
<br />145.26
<br />1,002.00
<br />(856.74)
<br />14.50 %
<br />4,000.00
<br />Communications
<br />89.14
<br />750.00
<br />(660.86)
<br />11.89%
<br />3,000.00
<br />Furniture & Fixtures
<br />0.00
<br />1,000.00
<br />(1,000.00)
<br />0.00%
<br />1,000.00
<br />Historical Museum
<br />0.00
<br />876.00
<br />(876.00)
<br />0.00 %
<br />3,500.00
<br />Bank Service Charge
<br />193.87
<br />126.00
<br />67.87
<br />153.87%
<br />500.00
<br />Credit Card Fee
<br />390.81
<br />624.00
<br />(233.19)
<br />62.63%
<br />2,500.00
<br />Motel Tax Transferred to LCC
<br />94,238.13
<br />80,000.00
<br />14,238.13
<br />117.80%
<br />320,000.00
<br />Marketing / Advertising
<br />12,828.92
<br />16,002.00
<br />(3,173.08)
<br />80.17%
<br />64,000.00
<br />Event Expenses
<br />47.66
<br />51.00
<br />(3.34)
<br />93.46%
<br />200.00
<br />Chaparral Square Dancers
<br />1,541.18
<br />500.00
<br />1,041.18
<br />308.24%
<br />500.00
<br />Tour de Paris Exp
<br />2,318.09
<br />1,000.00
<br />1,318.09
<br />0.00%
<br />32,500.00
<br />Uncle Jessie's Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />500.00
<br />Lamar Co Days in Austin Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />4,500.00
<br />ASA
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />27,000.00
<br />SDBA Boat Races
<br />507.90
<br />0.00
<br />507.90
<br />0.00%
<br />7,500.00
<br />Events Promotion / Funding
<br />5,463.02
<br />8,250.00
<br />(2,786.98)
<br />66.22%
<br />33,000.00
<br />Arts Allocation
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,000.00
<br />Baseball Field Lighting
<br />11,855.86
<br />13,333.00
<br />(1,477.14)
<br />88.92%
<br />13,333.00
<br />Pump Track
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />50,000.00
<br />Rent to COC1
<br />000.00
<br />3,000.00
<br />_ .
<br />0 00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />171,239.84
<br />170,476.00
<br />763.84
<br />100.45%
<br />757,953.00
<br />Operating Income (Loss)_17,236.42
<br />(70,476.00 _
<br />27,712.42
<br />(164.53%
<br />(117,953.00
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.70
<br />501.00
<br />(500.30)
<br />0.14%
<br />2,000.00
<br />Trolley
<br />1,800.00
<br />1,251.00
<br />549.00
<br />143.88 %
<br />5,000.00
<br />Tour de Paris Income
<br />7,837.64
<br />0.00
<br />7,837.64
<br />0.00%
<br />45,000.00
<br />Souvenir Sales
<br />1,130.48
<br />3,000.00
<br />(1,869.52)
<br />37.68%
<br />12,000.00
<br />Interest Income45.61
<br />. 1
<br />37.50 ......
<br />....... 8.11
<br />121.63%
<br />.��. 150,00
<br />Total Not -Hot Income10,814.43
<br />�.w
<br />4 789.50 _
<br />_a
<br />6,024.93
<br />225.79%
<br />64,150.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />592.50
<br />501.00
<br />91.50
<br />118.26%
<br />2,000.00
<br />Trolley Expenses
<br />1,245.75
<br />1,500.00
<br />(254.25)
<br />83.05%
<br />6,000.00
<br />Trolley Insurance
<br />489.12
<br />525.00
<br />(35.88)
<br />93.17 %
<br />2,100.00
<br />Exp
<br />Souvenir Ex
<br />341.00
<br />1 251.00
<br />35.88
<br />� ..._.
<br />93.17%
<br />5,000.00
<br />Total Not -Hot Expenses
<br />2,668.37.
<br />- 3,777.00(1,108.63)
<br />70.65%
<br />15,100.00
<br />Net Income (Loss)
<br />$ 25,382.43,
<br />$ _2 63 50 $
<br />34,645.98(268.21
<br />%
<br />$ 66,903.00)
<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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