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Paris Visitor & Convention Council
<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
<br />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 />Hotel / Motel Occupancy Tax
<br />$ 330,765.83
<br />$ 320,000.00
<br />$ 10,765.83
<br />103.36% $
<br />640,000.00
<br />ABBS Wage Reimburement
<br />1,632.56
<br />0,00
<br />v 1,632.56
<br />O.DO %
<br />0.00
<br />Total Revenue
<br />332,398.39
<br />320,000.00
<br />12,398.39
<br />103.97%
<br />640,000.00
<br />Operating Expenses
<br />Training / Education
<br />130.00
<br />835.00
<br />(705.00)
<br />15.57%
<br />2,000.00
<br />Postage
<br />289.04
<br />625.00
<br />(335.96)
<br />46.25%
<br />1,500.00
<br />Misc Expenses
<br />70.99
<br />1,040.00
<br />(969.01)
<br />6.83%
<br />2,500.00
<br />D & O Insurance
<br />0.00
<br />2,800.00
<br />(2,800.00)
<br />0.00%
<br />2,800.00
<br />Worker's Comp
<br />707.33
<br />2,000.00
<br />(1,292.67)
<br />36.37%
<br />2,000.00
<br />Staff Ins./Retirement
<br />3,031.08
<br />4,169.00
<br />(1,137.92)
<br />72.71 %
<br />10,000.00
<br />Meetings & Hosting
<br />224.57
<br />1,260.00
<br />(1,026.43)
<br />17.97%
<br />3,000.00
<br />Chamber Management
<br />20,000.00
<br />20,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Small Equipment
<br />0.00
<br />419.00
<br />(419.00)
<br />0.00%
<br />1,000.00
<br />Out of Town Travel
<br />359.21
<br />2,085.00
<br />(1,725.79)
<br />17.23%
<br />5,000.00
<br />Intown Auto/Exp Allowance
<br />1,000.00
<br />2,085.00
<br />5.00
<br />47.96%
<br />5,000.00
<br />Membership Dues/Sub.
<br />790.00
<br />1,800.00
<br />(11010.00)
<br />43.89%
<br />4,000.00
<br />Audit
<br />1,850.00
<br />2,000.00
<br />(150.00)
<br />92.50%
<br />2,000.00
<br />Bookkeeping
<br />2,533.82
<br />1,875.00
<br />658.82
<br />135.14%
<br />4,500.00
<br />Payroll Expenses
<br />33,479.70
<br />33,335.00
<br />144.70
<br />100.43%
<br />80,000.00
<br />Payroll Tax Expense
<br />2,686.43
<br />2,550.00
<br />136.43
<br />105.35%
<br />6,120.00
<br />Office Expense
<br />145.26
<br />1,669.00
<br />(1,523.74)
<br />8.70%
<br />4,000.00
<br />Communications
<br />356.58
<br />1,250.00
<br />(893.42)
<br />28.53%
<br />3,000.00
<br />Furniture & Fbdures
<br />0.00
<br />1,000.00
<br />(1,000.00)
<br />0.00%
<br />1,000.00
<br />Histoiical Museum
<br />0.00
<br />1,460.00
<br />(1,460.00)
<br />0.00%
<br />3,500.00
<br />Bank Service Charge
<br />199.91
<br />210.00
<br />(10.09)
<br />95.20%
<br />500.00
<br />Credit Card Fee
<br />573.39
<br />1,D40.00
<br />(466.61)
<br />55.13%
<br />2,500.00
<br />Motel Tax Transferred to LCC
<br />165,382.01
<br />160,000.00
<br />5,382.91
<br />103.36%
<br />320,000.00
<br />Marketing/Advertising
<br />24,673.61
<br />26,669.00
<br />(1,995.39)
<br />92.52%,
<br />64,000.00
<br />Event Expenses
<br />47.66
<br />85.00
<br />(37.34)
<br />56,07%
<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 Cc 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 />D.00
<br />0.00%
<br />27,000.00
<br />SDBA Boat Races
<br />507.90
<br />500.00
<br />7.90
<br />101.58%
<br />7,500.00
<br />Events Promotion / Funding
<br />9,988.02
<br />13,750.00
<br />(3,761.98)
<br />72.64%
<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 GOC
<br />5„000.00
<br />5,000.00.
<br />0.00
<br />100.00% ._
<br />12„000.00
<br />Total Operating Expenses
<br />289,742.64
<br />307,834.0018,091A6
<br />94a12%
<br />757„953.00
<br />Operating Income (Loss)
<br />„-� 42,655.85
<br />2,
<br />„_1 166.00
<br />30 8.85
<br />350.62 % 11, 7 953.00
<br />NOT -HOT INCOME
<br />Discounts & Allowances
<br />1.16
<br />835.00
<br />(833.84)
<br />0.14%
<br />2,000.00
<br />Trolley
<br />1,800.00
<br />2,085.00
<br />(285.00)
<br />86.33%
<br />51000.00
<br />ASA Booth Rentals
<br />500.00
<br />0.00
<br />600.00
<br />0.00%
<br />0.00
<br />Tour de Paris Income
<br />8,837.64
<br />0.00
<br />8,837.64
<br />0.00%
<br />45,000.00
<br />Souvenir Sales
<br />1,469.32
<br />5,000.00
<br />(3,530.68)
<br />29.3996
<br />12,000.00
<br />Interest Income
<br />86.23
<br />62.50
<br />_ 23.73µ
<br />137.97%
<br />„_...... 150.00
<br />Total Not -Hot Income
<br />12,694.35
<br />7,982.50
<br />4 711.85
<br />159.03%150.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />592.50
<br />835.00
<br />(242.50)
<br />70.96%
<br />2,000.00
<br />Trolley Expenses
<br />1,470.73
<br />2,500.00
<br />(1,029.27)
<br />58.83%
<br />6,000.00
<br />Trolley Insurance
<br />813.76
<br />875.00
<br />(61.24)
<br />93.00%
<br />2,100.00
<br />Souvenir Exp
<br />2,641.00
<br />2,085.00
<br />556.00
<br />126.67%
<br />Total Not -Hot Expenses
<br />5,517.99
<br />6,295.00
<br />(777.01)
<br />87.66%
<br />15,100.00
<br />Net Income (Loss)
<br />$� 49 832.21
<br />3' w 13,853.50
<br />$ 35,978.71
<br />, 369.71% $ X68&803.00
<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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