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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 5 Months Ended February 28, 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 />5 Months Ended 5 Months Ended
<br />Feb 28, 2019
<br />Feb 28, 2019
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 165,382.91 $
<br />150,000.00 $
<br />5,382.91
<br />103.36% $
<br />320,000.00
<br />R.V. Hook Up
<br />1,D32.93
<br />4,169.00
<br />(3,136.07)
<br />24.78%
<br />10,000.00
<br />Mise Income
<br />0.00
<br />750.00
<br />(750.00)
<br />0.00%
<br />1,800.00
<br />Rent
<br />7D,299.15
<br />39,581.00
<br />30,718.15
<br />177.61 %
<br />95,000.00
<br />Refunded Deposits
<br />(6,300.00)
<br />(4,581.00)
<br />(1,719.00)
<br />137.62%
<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 o Inc,
<br />48
<br />576.00
<br />Bicycle Rentals
<br />4 .
<br />._� ....
<br />- 14.46
<br />101.39 %
<br />2„500.00
<br />Total Revenue
<br />_ 232,044.47
<br />200,959.00
<br />31,086A7
<br />115.47%
<br />422,100.00
<br />Gross Profit
<br />282,04407
<br />200,959.00
<br />31,086-47
<br />15-47%
<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 />170.24
<br />105.00
<br />65.24
<br />162.13%
<br />25D.00
<br />Communications
<br />1,651.67
<br />2,290.DO
<br />(638.33)
<br />72.13%
<br />5,500.00
<br />Office Expense
<br />570.01
<br />210.00
<br />360.01
<br />271.43%
<br />500.00
<br />Payroll Expenses
<br />38,894.37
<br />46,665.00
<br />(7,770.63)
<br />83.36%
<br />112,000.00
<br />Payroil Tax Expense
<br />2,978.64
<br />3,750.00
<br />(771.36)
<br />79.43 %
<br />91000.00
<br />Marketing / Advertising
<br />400.00
<br />1,250.00
<br />(850.00)
<br />32.00%
<br />3,000.00
<br />Professional Fees - Other
<br />0.00
<br />50.00
<br />(50.00)
<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 />2,533.85
<br />1,355.00
<br />1,178.85
<br />187.00%
<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 />11,789.21
<br />16,665.00
<br />(4,875.79)
<br />70.74%
<br />40,000.00
<br />Water
<br />2,103.91
<br />2,085.00
<br />18.91
<br />100.91 %
<br />5,000.00
<br />Gas
<br />2,849.97
<br />1,875.00
<br />974.97
<br />152.00%
<br />4,500.00
<br />Trash Disposal
<br />2,026.05
<br />2,190.00
<br />(163.95)
<br />92.51 %
<br />5,250.OD
<br />Intown Auto Exp Allowance
<br />1,250.00
<br />1,250.00
<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 />180.00
<br />835.00
<br />(655.00)
<br />21.56%
<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 Ughting/Maint
<br />250.20
<br />1,669.00
<br />(1,418.80)
<br />14.99%
<br />4,000.00
<br />Building Malnt./Spls.
<br />18,661.77
<br />41,250.00
<br />(22,588.23)
<br />45,24%
<br />99,000.00
<br />Security
<br />294.75
<br />520.00
<br />(225.25)
<br />56.68%
<br />1,250.00
<br />Staff Ins./Retirement
<br />3,302.84
<br />3,540.00
<br />(237.16)
<br />93.30%
<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 />2,000.DO
<br />880.15
<br />144.01%
<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 />750.00
<br />(750.00)
<br />0.00%
<br />1,800.00
<br />Mise Expenses
<br />373.47
<br />585.00
<br />(211.53)
<br />63.84%
<br />1,400.00
<br />Interest Expense
<br />3,072.23
<br />3,750.00
<br />(677.77)
<br />81.93%
<br />7,500.00
<br />Ground Maintenance
<br />3,495.00
<br />3,540.DO
<br />(45.00)
<br />98.73%
<br />8,500.00
<br />Supplies
<br />1,800.13
<br />1,250.00
<br />550.13
<br />144.01 %
<br />3,000.00
<br />Bicycles & Related Expenses
<br />51.55
<br />210.00
<br />(156.45)
<br />24.55%
<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 />�4,169.00
<br />3,156.23'
<br />24.29%
<br />10000.00.
<br />Total Operating Expenses
<br />129,575.39
<br />165,908.003(
<br />6,332.67
<br />78.10 %
<br />417,775.00
<br />Operating Income (Loss)
<br />102,469.08
<br />35 051.00
<br />67,418.08
<br />292.34%
<br />4,325.00
<br />OTHER INCOME
<br />Interest Income
<br />0.00
<br />44.00
<br />.... _ 44.00
<br />0.00%
<br />100.00
<br />Total Other Income
<br />0.06
<br />44.00
<br />144.00
<br />0.00 %
<br />100.00
<br />Net Income (Loss)
<br />____102,469.%
<br />35,095.00
<br />_ 67,374.08
<br />291.98,%
<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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