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 />
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