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Paris Visitor & Convention Council
<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 Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 188,476.26
<br />$ 160,000.00 $
<br />28,476.26
<br />117.80% $
<br />640,000.00
<br />ABBS Wage Relmburement
<br />.. 1,632.56
<br />0.00
<br />1,632.56
<br />0.00%
<br />0.00
<br />Total Revenue
<br />190,108.82
<br />160,000.00
<br />30,108.82
<br />118.82%
<br />640,000.00
<br />Operating Expenses
<br />Training / Education
<br />0.00
<br />668.00
<br />(668.00)
<br />0.00%
<br />2,000.00
<br />Postage
<br />277.50
<br />500.00
<br />(222.50)
<br />55.50%
<br />1,500.00
<br />Misc Expenses
<br />70.99
<br />832.00
<br />(761.01)
<br />8.53%
<br />2,500.00
<br />D & O Insurance
<br />0.00
<br />0.00
<br />0.00
<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 Ins./Retirement
<br />2,487.89
<br />3,336.00
<br />(848.11)
<br />74.58%
<br />10,000.00
<br />Meetings & Hosting
<br />204.90
<br />1,000.0()
<br />(795.10)
<br />20.49%
<br />3,000.00
<br />Chamber Management
<br />10,000.00
<br />10,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Small Equipment
<br />0.00
<br />336.00
<br />(336.00)
<br />0.00%
<br />11000.00
<br />Out of Town Travel
<br />269.90
<br />1,668.00
<br />(1,398.10)
<br />16.18 %
<br />5,000.00
<br />Intown Auto/Exp Allowance
<br />800.00
<br />1,666.00
<br />(868.00)
<br />47.96%
<br />5,000.00
<br />Membership Dues/Sub.
<br />790.00
<br />1,800.00
<br />(1,010.00)
<br />43.89%
<br />4,000.00
<br />Audit
<br />11850.00
<br />2,000.00
<br />(150.00)
<br />0.00%
<br />2,000.00
<br />Bookkeeping
<br />2,055.49
<br />1,500.00
<br />555.49
<br />137.03%
<br />4,500.00
<br />Payroll Expenses
<br />27,268.50
<br />26,668.00
<br />600.50
<br />102.25%
<br />80,000.00
<br />Payroll Tax Expense
<br />2,159.25
<br />2,040.00
<br />119.25
<br />105.85%
<br />6,120.00
<br />Office Expense
<br />145.26
<br />1,336:00
<br />(1,190.74)
<br />10.87%
<br />4,000.00
<br />Communications
<br />178.28
<br />1,000.00
<br />(821.72)
<br />17.83%
<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 />1,168.00
<br />(1,168.00)
<br />0.00%
<br />3,500.00
<br />Bank Service Charge
<br />192.45
<br />168.00
<br />24.45
<br />114.55%
<br />500.00
<br />Credit Card Fee
<br />473.45
<br />832.00
<br />(358.55)
<br />56.91 %
<br />2,500.00
<br />Motel Tax Transferred to LCC
<br />94,288.13
<br />80,000.00
<br />14,238.13
<br />117.80%
<br />320,000.00
<br />Marketing/Advertising
<br />14,879.79
<br />21,336.00
<br />(6,456.21)
<br />69.74%
<br />64,000.00
<br />Event Expenses
<br />47.66
<br />68.00
<br />(20.34)
<br />70.09%
<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 />2,318.09
<br />2,500:00
<br />(181.91)
<br />92.72%
<br />32,500.00
<br />Uncle Jessie's Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />500.00
<br />Lamar Co Days in Austin Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />4,500.00
<br />ASA
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />27,000.00
<br />SDBA Boat Races
<br />507.90
<br />500.00
<br />7.90
<br />0.00%
<br />7,500.00
<br />Events Promotion / Funding
<br />9,225.52
<br />11,000.00
<br />(1,774.48)
<br />83.87%
<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 Field 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.000
<br />4,000.00_
<br />4,000.00
<br />0.00
<br />100.00% �ITITITIT12
<br />OD0.00
<br />Total Operating Expenses
<br />188,545.32
<br />194,757.00 8,211.68
<br />96.81%
<br />75796300
<br />Operating Income (Loss)
<br />7,563.50
<br />34 757.00
<br />36,320.50(4.50%953.00
<br />(117,)
<br />NOT -HOT INCOME
<br />Discounts & Allowances
<br />1.16
<br />668.00
<br />(666.84)
<br />0.17%
<br />2,000.00
<br />Trolley
<br />1,800.00
<br />1,668.00
<br />132.00
<br />107.91 %
<br />5,000.00
<br />Tour de Paris Income
<br />7,837.64
<br />0.00
<br />7,837.64
<br />0.00%
<br />45,000.00
<br />Souvenir Sales
<br />1,155.38
<br />4,000.00
<br />(2,844.62)
<br />28.88%
<br />12,000.00
<br />Interest Income
<br />65.63
<br />50.00
<br />15.63
<br />131.26%
<br />150.00
<br />Total Not -Not Income
<br />10,859.81
<br />6,386.00
<br />4,473.81
<br />170.06%
<br />64 160.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />592.50
<br />668.00
<br />(75.50)
<br />88.70%
<br />2,000.00
<br />Trolley Expenses
<br />11245.75
<br />2,000.00
<br />(754.25)
<br />62.29 %
<br />6,000.00
<br />Trolley Insurance
<br />651.44
<br />700.00
<br />(48.58)
<br />93.06%
<br />2,100.00
<br />Souvenir Exp
<br />2,641.00
<br />_...................... 1868.00
<br />973.00
<br />158.33%
<br />5,000.00
<br />Total Not Hot Expenses.
<br />5130.69
<br />b 036.00
<br />94.6
<br />101.88%
<br />7610.0.00
<br />Net Income (Loss)
<br />$ 7,292.62
<br />$ 33407.00 $
<br />40,699.62
<br />27.83% $w
<br />w68 903.00
<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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