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Love Civic Center
<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 />Motel Tax
<br />R.V. Hook Up
<br />$ 94,238.13
<br />$ 80,000.00
<br />$ 14,238.13
<br />117-80%
<br />$ 320,000.00
<br />Misc Income
<br />555.80
<br />2,502.00
<br />(1,946.20)
<br />22.21 %
<br />10,000.00
<br />Rent
<br />0.00
<br />450.00
<br />(450.00)
<br />0.00%
<br />1,800.00
<br />Refunded Deposits
<br />34,905.56
<br />23,748.00
<br />11,157.56
<br />146.98%
<br />95,000.00
<br />Booth Rental
<br />(4,400.00)
<br />(2,748.00)
<br />(1,652.00)
<br />160.12%
<br />(11,000.00)
<br />Tower Lighting
<br />0.00
<br />0.00
<br />0.00
<br />0.00
<br />0.00
<br />0100
<br />0.00%
<br />400,00
<br />Craft Expo Inc.
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />0.00%
<br />400.00
<br />3,000.00
<br />Bicycle Rentals715.72
<br />w .
<br />... .,... 624 00
<br />91.72
<br />........�.-__._.
<br />.... 114.70%
<br />_ , �.....
<br />2,500.00
<br />Total Revenue
<br />- 1261
<br />015.2
<br />104,576.00
<br />21,439.21
<br />120.50%
<br />422,100,00
<br />Gross Profit
<br />126,015.21
<br />104,576.00
<br />_21,439.21
<br />°
<br />120.60%
<br />2
<br />42,100.00
<br />OPERATING EXPENSES
<br />Craft Expo
<br />Bank Service Charge
<br />0.00
<br />24.25
<br />0.00
<br />63.00
<br />0.00
<br />0.00 %
<br />250.00
<br />Communications
<br />988.11
<br />1,374.00
<br />(38.75)
<br />(385.89)
<br />38.49%
<br />71.91 %°
<br />250,00
<br />5,500.00
<br />Office Expense
<br />419.63
<br />126.00
<br />293.63
<br />333.04%
<br />500.00
<br />Payroll Expenses
<br />Payroll Tax Expense
<br />24,148.55
<br />27,999.00
<br />(3,850.45)
<br />86.25%
<br />112,000.00
<br />Marketing / Advertising
<br />1,830.38
<br />200.00
<br />2,250.00
<br />750.00
<br />(419.62)
<br />(550.00)
<br />81.35%
<br />26.67%
<br />9,000.00
<br />3,000.00
<br />Professional Fees - Other
<br />0.00
<br />30.00
<br />(30.00)
<br />0.00%
<br />125.00
<br />Audit
<br />Bookkeeping
<br />0.00
<br />1,530.51
<br />0.00
<br />813.00
<br />0.00
<br />717.51
<br />0.00%
<br />188.25%
<br />.1,800.00
<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 />9,835.16
<br />9,999.00
<br />(163.84)
<br />98.36 %
<br />40,000.00
<br />Water
<br />Gas
<br />1,538.67
<br />1,251.00
<br />287,67
<br />123.00%
<br />5,000.00
<br />Trash Disposal
<br />1,190.19
<br />1,620.84
<br />1,125.00
<br />1,314.00
<br />65.19
<br />306.84
<br />1009 %
<br />4,500.00
<br />Intown Auto Exp Allowance
<br />750.00
<br />750.00
<br />0.00
<br />123.35%
<br />100.00%
<br />5,250.00
<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 />501.00
<br />(381.00)
<br />23.95%
<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 />1,002.00
<br />(1,002,00)
<br />0.00%
<br />4,000.00
<br />Building Maint./Spls.
<br />12,108.85
<br />24,750.00
<br />(12,641.15)
<br />48.92 °%
<br />99,000.00
<br />Security
<br />176.85
<br />312.00
<br />(135.15)
<br />56.68%
<br />1,25.00,
<br />0
<br />Staff Ins./Retirement
<br />2,056.98
<br />2,124.00
<br />(67.02)
<br />96.84,%
<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 />2,880.15
<br />1,200.00
<br />1,680.15
<br />240.01 %
<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 />1,435.34
<br />2,000.00
<br />(564.66)
<br />71.77%
<br />2,000.00
<br />Long Term Disability
<br />0.00
<br />450.00
<br />(450.00)
<br />0.00%
<br />1,800.00
<br />Misc Expenses
<br />287.56
<br />351.00
<br />(63.44)
<br />81.93%
<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 />2,330.00
<br />2,124.00
<br />206.00
<br />109.70%
<br />8,500,00
<br />Supplies
<br />1,139.34
<br />750.00
<br />389.34
<br />151.91 %
<br />3,000.00
<br />Bicycles & Related Expenses
<br />43.73
<br />126.00
<br />(82.27)
<br />34.71 %
<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 />1,012.77
<br />2,502.00(9,
<br />489.23
<br />40.48%
<br />1006000
<br />Total Operating Expenses
<br />92,975.02 .
<br />108,011.00
<br />15035.98)�
<br />86.08 %
<br />417,775.00
<br />Operating Income (Loss)
<br />33,040.19
<br />X3,435.00)
<br />36,475.19
<br />(961.871°,6
<br />4,325.00
<br />OTHER INCOME
<br />Interest Income
<br />m� 0.00
<br />27,00
<br />2�
<br />0.00 %
<br />100.00
<br />Total Other Income
<br />000
<br />27.00
<br />(27.000.00
<br />%
<br />-.._ .....__ n.
<br />100.00
<br />Net Income (Loss)
<br />33,040.19(
<br />3,408.00}
<br />36,448.19
<br />(969.49)°%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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