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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 6 Months Ended March 31, 2019
<br />6 Months Ended
<br />6 Months Ended
<br />Mar 31, 2019
<br />Mar 31, 2019
<br />Variance % of Budget Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 332,994.69
<br />$ 320,000.00
<br />$ 12,994.69
<br />104,06% $
<br />640,000.00
<br />ABBS Wage Relmburement
<br />_ 1632.56
<br />0.00
<br />1,632.56
<br />0.00%
<br />0.00
<br />Total Revenue
<br />334 627.25
<br />820,000.00
<br />14
<br />..�-
<br />104.57%
<br />640,000.00
<br />Operating Expenses
<br />Utilities
<br />34.66
<br />0.00
<br />34.56
<br />0.00
<br />Training / Education
<br />130.00
<br />1,002.00
<br />(872.00)
<br />12.97%
<br />2,000.00
<br />Postage
<br />382.09
<br />750.00
<br />(367.91)
<br />50.95%
<br />1,500.00
<br />Misc Expenses
<br />146.75
<br />1,248.00
<br />(1,101.25)
<br />11.76%
<br />2,500.00
<br />D & O Insurance
<br />0.00
<br />2,800.00
<br />(2,800.00)
<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 InsJRetimment
<br />3,931.71
<br />5,002.00
<br />(1,070.29)
<br />78.60%
<br />10,000.00
<br />Meetings & Hosting
<br />224.57
<br />1,500.00
<br />(1,275.43)
<br />14.97%
<br />3,000.00
<br />Chamber Management
<br />20,000.00
<br />20,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Small Equipment
<br />0.00
<br />502.00
<br />(502.00)
<br />0.00%
<br />1,000.00
<br />Out of Town Travel
<br />1,109.77
<br />2,502.00
<br />(1,392.23)
<br />44.36%
<br />5,000.00
<br />Intown Auto/Exp Allowance
<br />1,200.00
<br />2,502.00
<br />(1,302.00)
<br />47.96%
<br />5,000.00
<br />Membership Dues/Sub.
<br />1,015.00
<br />3,200.00
<br />(2,185.00)
<br />31.72%
<br />4,000.00
<br />Audit
<br />1,850.00
<br />2,000.00
<br />(150.00)
<br />92.50%
<br />2,000.00
<br />Bookkeeping
<br />2,878.82
<br />2,250.00
<br />828.82
<br />127.95%
<br />4,500.00
<br />Payroll Expenses
<br />39,817.94
<br />40,002.00
<br />(184.06)
<br />99.54%
<br />80,000.00
<br />Payroll Tax Expense
<br />3,191.74
<br />3,060.00
<br />131.74
<br />104.31 %
<br />6,120.00
<br />Office Expense
<br />145.26
<br />2,002.00
<br />(1,856.74)
<br />7.26%
<br />4,000.00
<br />Communications
<br />634.23
<br />1,500.00
<br />(965.77)
<br />35.62%
<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 />1,752.00
<br />(1,752.00)
<br />0.00%
<br />3,500.00
<br />Bank Service Charge
<br />184.85
<br />252,00
<br />(67.15)
<br />73.35%
<br />500.00
<br />Credit Card Fee
<br />738.98
<br />1,248.00
<br />(509.02)
<br />59.21 %
<br />2,500.00
<br />Motel Tax Transferred to LCC
<br />166,497.34
<br />160,000.00
<br />6,497.34
<br />104.06%
<br />320,000.00
<br />Marketing /Advertising
<br />30,955.24
<br />32,002.00
<br />(1,046.76)
<br />96.73%
<br />64,000.00
<br />Event Expenses
<br />47.66
<br />102.00
<br />(64.34)
<br />46.73%
<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 />2,547.53
<br />2,500.00
<br />47.53
<br />101.90%
<br />32,500.00
<br />Unde Jessie's Exp
<br />0.00
<br />500.00
<br />(500.00)
<br />0.00%
<br />500.00
<br />Lamar Cc Days in Austin Exp
<br />0.00
<br />4,500.00
<br />(4,500.00)
<br />0.00%
<br />4,500.00
<br />ASA
<br />11,160.00
<br />0.00
<br />11,160.00
<br />0.00%
<br />27,000.00
<br />SDBA Boat Races
<br />507.90
<br />500.00
<br />7.90
<br />101.58%
<br />7,500.00
<br />Events Promotion I Funding
<br />13,773.02
<br />16,500.00
<br />(2,726.98)
<br />83.47%
<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 Feld 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 COC
<br />61000.00
<br />6,000.00
<br />_ 0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />323,109.33
<br />334,511.00
<br />11,401.67
<br />96o59% _____967953.00
<br />Operating Income (Loss)
<br />77,577.82
<br />14,511.00
<br />26 028.92
<br />(79.37)%
<br />11530
<br />NOT -HOT INCOME
<br />Discounts & Allowances
<br />1.16
<br />1,002.00
<br />(1,000.64)
<br />0.12%
<br />2,000.00
<br />Trolley
<br />1,800.00
<br />2,502.00
<br />(702.00)
<br />71.94%
<br />5,000.00
<br />Wing Over Paris
<br />3,000.00
<br />0.00
<br />3,000.00
<br />0.00
<br />ASA Booth Rentals
<br />500.00
<br />0.00
<br />500.00
<br />0.00%
<br />0.00
<br />Tour de Paris Income
<br />12,006.39
<br />0.00
<br />12,006.39
<br />0.00%
<br />45,000.00
<br />Souvenir Sales
<br />1,716.66
<br />6,000.00
<br />(4,283.34)
<br />28.61 %
<br />12,000.00
<br />Interest Income116.93
<br />75.00
<br />41.93
<br />155.91 %
<br />150.00
<br />Total Not -Hot Income
<br />79,141.14
<br />9.579.00
<br />8,562.14
<br />199.82%
<br />64,160.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />592.50
<br />1,002.00
<br />(409.50)
<br />69.13%
<br />2,000.00
<br />Trolley Expenses
<br />1,698.98
<br />3,000.00
<br />(1,301.02)
<br />56.63%
<br />6,000.00
<br />Trolley Insurance
<br />976.08
<br />1,050.00
<br />(73.92)
<br />92.96%
<br />2,100.00
<br />Souvenir Exp4
<br />795.002,502.00
<br />„
<br />2293.00
<br />191.65%
<br />5,000.00
<br />Total Not -Hot Expenses
<br />p
<br />8,062.56
<br />7 554.00
<br />m „
<br />506.56,
<br />6
<br />106.73 %
<br />1 5 100.00
<br />Net Income (Loss)
<br />$ 22 596.50
<br />m„-�,
<br />S„ 12,466.00;
<br />$ 35„082.6.0_
<br />(180.97 /0 $�
<br />68903.0
<br />Financial statement preparation service
<br />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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