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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 2 Months Ended November 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 />2 Months Ended
<br />2 Months Ended
<br />Nov 30, 2018
<br />Nov 30, 2018
<br />Variance
<br />% of Budget Annual
<br />Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 94,238.13
<br />$ 80,000.00
<br />$ 14,238.13
<br />117.80% $
<br />320,000.00
<br />R.V. Hook Up
<br />555.80
<br />1,668.00
<br />(1,112.20)
<br />33.32 %
<br />10,000.00
<br />Misc Income
<br />0.00
<br />300.00
<br />(300.00)
<br />0,00%
<br />1,800.00
<br />Rent
<br />23,138.86
<br />15,832.00
<br />7,306.86
<br />146.15 %
<br />95,000.00
<br />Refunded Deposits
<br />(5,400.00)
<br />(1,832.00)
<br />(3,568.00)
<br />294.76%
<br />(11,000.00)
<br />Booth Rental
<br />0.00
<br />0.00
<br />0.00
<br />D.00 %
<br />400.00
<br />Tower Lighting
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />400.00
<br />Craft Expo Inc.
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,000.00
<br />Bicycle Rentals
<br />___ _ 614.10
<br />m.. 416.00
<br />198.10
<br />- 147.62%
<br />2,500.00
<br />Total Revenue
<br />113,146.89
<br />96,384.00
<br />16,762.89
<br />_ 117.39%
<br />422,100.00
<br />Gross Profit113,146.89
<br />96,384.00
<br />16,762.89
<br />117.39%
<br />422,100.00
<br />OPERATING EXPENSES
<br />Craft Expo
<br />0.00
<br />0.00
<br />0.00
<br />0,00%
<br />250.00
<br />Bank Service Charge
<br />16.79
<br />42.00
<br />(25.21)
<br />39.98%
<br />250.00
<br />Communications
<br />607.36
<br />916.00
<br />(308.64)
<br />66.31 %
<br />5,500.00
<br />Office Expense
<br />354.69
<br />84.00
<br />270.69
<br />422.26%
<br />500.00
<br />Payroll Expenses
<br />14,823.47
<br />18,666.00
<br />(3,842.53)
<br />79.41 °%
<br />112,000.00
<br />Payroll Tax Expense
<br />1,122.65
<br />1,500.00
<br />(377.35)
<br />74.84°%
<br />9,000.00
<br />Marketing / Advertising
<br />200.00
<br />500.00
<br />(300.00)
<br />40.00%
<br />3,000.00
<br />Professional Fees - Other
<br />0.00
<br />20.00
<br />(20.00)
<br />0.00%
<br />125.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,800.00
<br />Bookkeeping
<br />992.17
<br />542.00
<br />450.17
<br />183.06%
<br />3,250.00
<br />Membership Dues/Sub
<br />156.00
<br />200.00
<br />(44.00)
<br />78.00%
<br />200.00
<br />Electricity
<br />5,596.45
<br />6,666.00
<br />(1,069.55)
<br />83.96%
<br />40,000.00
<br />Water
<br />1,368.40
<br />834.00
<br />534.40
<br />164.08%
<br />5,000.00
<br />Gas
<br />213.33
<br />750.00
<br />(536.67)
<br />28.44%
<br />4,500.00
<br />Trash Disposal
<br />1,215.63
<br />876.00
<br />339.63
<br />138.77%
<br />5,250.00
<br />Intown Auto Exp Allowance
<br />500.00
<br />500.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Small Equipment
<br />556.84
<br />500.00
<br />56.84
<br />111.37%
<br />500.00
<br />Contracted Services
<br />120.00
<br />334.00
<br />(214.00)
<br />35.93%
<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 />0.00
<br />668.00
<br />(568.00)
<br />0.001%
<br />4,000.00
<br />Building Maint./Spls.
<br />10,133.42
<br />16,500.00
<br />(6,366.58)
<br />61.41 %
<br />99,000.00
<br />Security
<br />117.90
<br />208.00
<br />(90.10)
<br />56.68%
<br />1,250.00
<br />Staff Ins./Retirement
<br />1,063.74
<br />1,416.00
<br />(352.26)
<br />75.12%
<br />8,500.00
<br />Building Insurance
<br />4,277,09
<br />0.00
<br />4,277.09
<br />0.00%
<br />0.00
<br />General Liability
<br />0.00
<br />800.00
<br />(800.00)
<br />0.00%
<br />4,800.00
<br />Workers Comp. Insurance
<br />707.34
<br />1,400.00
<br />(692.66)
<br />50.52%
<br />1,400.00
<br />Directors & Officers
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Long Term Disability
<br />0.00
<br />300.00
<br />(300.00)
<br />0.00%
<br />1,800.00
<br />Misc Expenses
<br />137.56
<br />234.00
<br />(96.44)
<br />58.79%
<br />1,400.00
<br />Interest Expense
<br />1,609.89
<br />1,875.00
<br />(265.11)
<br />85.86%
<br />7,500.00
<br />Ground Maintenance
<br />1,747.50
<br />1,416.00
<br />331.50
<br />123.41 %
<br />8,500.00
<br />Housekeeping Supplies
<br />0.00
<br />500.00
<br />(500.00)
<br />0.00%
<br />3,000.00
<br />Supplies
<br />682.84
<br />0.00
<br />682.84
<br />0.00%
<br />0.00
<br />Bicycles & Related Expenses
<br />43.73
<br />84.00
<br />(40.27)
<br />52.06%
<br />500.00
<br />Capital Improvements
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />50,000.00
<br />Cleaning
<br />0.00
<br />_ 1,668.001(
<br />,668.00
<br />0.00%
<br />10,000.00
<br />Total Operating Expenses
<br />66,364.79
<br />77,999.00
<br />____01.634.2J1
<br />85.08%
<br />417,775.00
<br />Operating Income (Loss)
<br />46,782.10
<br />18,385 00
<br />28,397.10
<br />264.46%
<br />X325.00
<br />OTHER INCOME
<br />0.00
<br />18 00
<br />18.00
<br />0 00 �o
<br />100.00
<br />Interest Income
<br />0.00
<br />18 00
<br />18.00
<br />_µwww_,
<br />0
<br />0.00 /0
<br />100.00
<br />Total Other Income
<br />�„
<br />Net Income (Loss)
<br />46„782.10
<br />18,403.00
<br />28,379.10
<br />264.21_ %
<br />4,425.00
<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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