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Love Civic Center
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the Month Ended February 28, 2019 and 2018 and 5 Months Ended February 28, 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 />Month Ended
<br />Month Ended
<br />Month Ended
<br />5 Months Ended
<br />Feb 28, 2019
<br />Feb 28, 2019
<br />Feb 28, 2018
<br />Feb 28, 2018
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Motel Tax
<br />$ 71,144.78
<br />$ 80,000.00
<br />$ 61,697.04
<br />$ 139,827.51
<br />R.V. Hook Up
<br />140.00
<br />833.00
<br />160.82
<br />349.39
<br />Misc Income
<br />0.00
<br />150.00
<br />28.13
<br />1,431.73
<br />Rent
<br />22,780.70
<br />7,917.00
<br />27,379.02
<br />68,897.98
<br />Refunded Deposits
<br />(1,600.00)
<br />(917.00)
<br />(1,100.00)
<br />(7,600.00)
<br />Tower Lighting
<br />0.00
<br />0.00
<br />62.57
<br />162.57
<br />Craft Expo Inc,
<br />575.00
<br />0.00
<br />0.00
<br />0.00
<br />Bicycle Rentals
<br />136.79
<br />208.00
<br />29.88
<br />1,502.45
<br />Total Revenue
<br />93,177.27
<br />88,191.00
<br />88,277.46
<br />204,571.63
<br />Operating Expenses
<br />Bank Service Charge
<br />40.73
<br />21.00
<br />9.33
<br />120.05
<br />Communications
<br />277.94
<br />458.00
<br />579.35
<br />2,198.31
<br />Office Expense
<br />150.38
<br />42.00
<br />20.00
<br />170.00
<br />Payroll Expenses
<br />7,471.34
<br />9,333.00
<br />7,992.00
<br />42,107.42
<br />Payroll Tax Expense
<br />582.04
<br />750.00
<br />596.84
<br />3,165.90
<br />Marketing / Advertising
<br />200.00
<br />250.00
<br />132.50
<br />782.50
<br />Professional Fees - Other
<br />0.00
<br />10.00
<br />0.00
<br />0.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />1,791.68
<br />Bookkeeping
<br />478.34
<br />271.00
<br />472.50
<br />2,104.16
<br />Membership Dues/Sub
<br />0.00
<br />0.00
<br />0.00
<br />156.00
<br />Electricity
<br />1,945.07
<br />3,333.00
<br />1,814.22
<br />12,416.30
<br />Water
<br />175.05
<br />417,00
<br />397.81
<br />1,502.97
<br />Gas
<br />1,048.40
<br />375.00
<br />1,286.81
<br />2,919.58
<br />Trash Disposal
<br />405.21
<br />438.00
<br />405.21
<br />2;373.36
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />250.00
<br />1,250.00
<br />Contracted Services
<br />0.00
<br />167.00
<br />0.00
<br />0.00
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />18,000.00
<br />Eiffel Tower Lighting/Maint
<br />250.20
<br />333.00
<br />0.00
<br />0.00
<br />Building Malnt./Spls.
<br />3,676.31
<br />8,250.00
<br />5,807.63
<br />20,901.92
<br />Security
<br />58.95
<br />104.00
<br />58.95
<br />294.75
<br />Staff Ins./Retirement
<br />622.93
<br />708.00
<br />393.77
<br />3,471.81
<br />General Liability
<br />0.00
<br />400.00
<br />0.00
<br />2,732.10
<br />Workers Comp. Insurance
<br />0.00
<br />0.00
<br />212.00
<br />983.00
<br />Directors & Officers
<br />0.00
<br />0.00
<br />1,435.34
<br />1,435.34
<br />Long Term Disability
<br />0.00
<br />150.00
<br />0.00
<br />0.00
<br />Mise Expenses
<br />0.00
<br />117.00
<br />0.00
<br />161.59
<br />Interest Expense
<br />1,462.34
<br />1,875.00
<br />1,969.94
<br />4,034.39
<br />Ground Maintenance
<br />582.50
<br />708.00
<br />0.00
<br />2,120.00
<br />Supplies
<br />660.79
<br />250.D0
<br />360.00
<br />1.417.04
<br />Bicycles & Related Expenses
<br />7.82
<br />42.00
<br />0.00
<br />111.38
<br />Catering Exp
<br />0.00
<br />0.D0
<br />0.00
<br />1,350.00
<br />Cleaning
<br />0.00
<br />833.00
<br />0.00
<br />0.00
<br />Training / Education
<br />..-----q-00
<br />0.00
<br />0.00
<br />125.00
<br />Total Operating Expenses
<br />p 9 p
<br />20,346.34
<br />29,885.00
<br />24, 94.0
<br />1�8
<br />Operating Income (Loss)
<br />____72,830.93
<br />58,306.00
<br />64,083.26
<br />74,375.05
<br />Other Income
<br />Interest Income
<br />0.00
<br />8.00
<br />0.00
<br />0.00
<br />Total Other Income
<br />0.00
<br />8.0D
<br />D.00
<br />0.00
<br />Net Income (Loss)
<br />$ „ ,..,u,. 72830.93
<br />$ 58,314.00
<br />$ 64,083.26
<br />$ 74,376.05
<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
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