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Love Civic Center <br />Budget to Actual, Year -to -Date <br />Modified Cash Basis <br />For the 4 Months Ended January 31, 2019 <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 />4 Months Ended <br />4 Months Ended <br />Jan 31, 2019 <br />Jan 31, 2019 <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 />892.93 <br />3,336.00 <br />(2,443.07) <br />26.77% <br />10,000.00 <br />Misc Income <br />0.00 <br />600.00 <br />(600.00) <br />0.00% <br />1,800.00 <br />Rent <br />47,518.45 <br />31,654.00 <br />15,854.45 <br />150.07% <br />95,000.00 <br />Refunded Deposits <br />(4,700.00) <br />(3,664.00) <br />(1,036.00) <br />128.28% <br />(11,000.00) <br />Booth Rental <br />0.00 <br />0.00 <br />0.00 <br />0.00% <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 />917.69 <br />832.00 <br />85.69 <br />110.30% <br />_ 21500.00 <br />Total Revenue <br />138,867.2026,099.20 <br />123.14% <br />422,100.00 <br />Gross Profit <br />138,867.20 <br />112,768.00 <br />26,099.20 <br />123.14% <br />422100.00 <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 />129.51 <br />84.00 <br />45.51 <br />154.18% <br />250.00 <br />Communications <br />1,373.73 <br />1,832.00 <br />(458.27) <br />74.99% <br />5,500.00 <br />Office Expense <br />419.63 <br />168.00 <br />251.63 <br />249.78% <br />500.00 <br />Payroll Expenses <br />31,423.03 <br />37,332.00 <br />(51908.97) <br />84.17% <br />112,000.00 <br />Payroll Tax Expense <br />2,396.60 <br />3,000.00 <br />(603.40) <br />79.89% <br />9,000.00 <br />Marketing / Advertising <br />200.00 <br />1,000.00 <br />(800.00) <br />20.00% <br />3,000.00 <br />Professional Fees - Other <br />0.00 <br />40.00 <br />(40.00) <br />0.00% <br />125.00 <br />Audit <br />1,850.00 <br />0.00 <br />1,850.00 <br />0.00 % <br />1,800.00 <br />Bookkeeping <br />2,055.51 <br />1,084.00 <br />971.51 <br />189.62% <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 />9,844.14 <br />13,332.00 <br />(3,487.86) <br />73.84% <br />40,000.00 <br />Water <br />1,928.86 <br />11668.00 <br />260.86 <br />115.64% <br />51000.00 <br />Gas <br />1,801.57 <br />1,500.00 <br />301.57 <br />120.10% <br />4,500.00 <br />Trash Disposal <br />1,620.84 <br />1,752.00 <br />(131.16) <br />92.51 % <br />5,250.00 <br />Intown Auto Exp Allowance <br />1,000.00 <br />1,000.00 <br />0.00 <br />100.00% <br />31000.00 <br />Small Equipment <br />556.84 <br />500.00 <br />56.84 <br />111.37% <br />500.00 <br />Contracted Services <br />180.00 <br />668.00 <br />(488.00) <br />26.95% <br />2,000.00 <br />Chamber Management <br />18,000.00 <br />18,000.00 <br />0.00 <br />100.60% <br />18,000.00 <br />Eiffel Tower Ughting/Maint <br />0.00 <br />1,336.00 <br />(1,336.00) <br />0.00% <br />4,000.00 <br />Building Maint./Spls. <br />14,985.46 <br />33,000.00 <br />(18,014.54) <br />45.41 % <br />99,000.00 <br />Security <br />235.80 <br />416.00 <br />(180.20) <br />56.68% <br />1,250.00 <br />Staff InsJRetirement <br />2,679.91 <br />2,832.00 <br />(152.09) <br />94.63% <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 />11600.00 <br />1,280.15 <br />180.01 % <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 />21000.00 <br />(564.66) <br />71.77% <br />2,000.00 <br />Long Term Disability <br />0.00 <br />600.00 <br />(600.00) <br />0.00% <br />1,800.00 <br />Misc Expenses <br />373.47 <br />468.00 <br />(94.53) <br />79.80% <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 />2,912.50 <br />2,832.00 <br />80.50 <br />102.54% <br />8,500.00 <br />Supplies <br />1,139.34 <br />1,000.00 <br />139.34 <br />113.93% <br />3,000.00 <br />Bicycles 5 Related Expenses <br />43.73 <br />168.00 <br />(124.27) <br />26.03% <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 />_ _ 3,336.00 <br />____ 2 323.23 <br />30.36% <br />10,000.00 <br />Total Operating Expenses <br />109,229.05 <br />136 023.00 <br />..... j26,793.95 <br />80.30 % <br />417,775.00 <br />Operating Income (Loss) <br />29,638.15 <br />23,255.00 <br />52,893.15 <br />127.45 % <br />4,325.00 <br />OTHER INCOME <br />Interest Income <br />0.00 <br />36.00 <br />� 36.00 <br />0.00% <br />100.00 <br />Total Other Income <br />0.00 <br />36.00 <br />(36.00) <br />0.00% <br />100.00 <br />Net Income (Loss) <br />291638.15 <br />23,219.00 <br />52,857.15 <br />127.65 % <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 />