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Paris Visitor & Convention Council
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For 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 />Actual
<br />REVENUE
<br />Hotel / Motel Occupancy Tax
<br />$ - 142,289.57
<br />$ 160,000.00
<br />t_.__143,959.77 143,959.77
<br />326 284.20
<br />Total Revenue
<br />142,289.57160
<br />DOO.00
<br />143„959.77
<br />326 264.20
<br />OPERATING EXPENSES
<br />Training / Education
<br />130.00
<br />167.00
<br />0.00
<br />716.51
<br />Postage
<br />11.54
<br />125.00
<br />0.00
<br />336.77
<br />Mise Expenses
<br />0.00
<br />208.00
<br />82.00
<br />748.89
<br />D&0Insurance
<br />0.00
<br />2,800.00
<br />1,435.33
<br />1,435.33
<br />Worker's Comp
<br />0.00
<br />0.00
<br />212.00
<br />983.00
<br />Staff Ins./Retirement
<br />543.19
<br />833.00
<br />336.60
<br />3,695.15
<br />Meetings & Hosting
<br />19.67
<br />250.00
<br />0.00
<br />1,084.74
<br />Chamber Management
<br />10,000.00
<br />10,000.00
<br />10,000.00
<br />20,000.00
<br />Small Equipment
<br />0.00
<br />83.00
<br />0.00
<br />0.00
<br />Out of Town Travel
<br />89.31
<br />417.00
<br />0.00
<br />413.84
<br />Intown Auto/Exp Allowance
<br />200.00
<br />417.00
<br />200.00
<br />1,000.00
<br />Membership Dues/Sub.
<br />0.00
<br />0.00
<br />0.00
<br />945.06
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />1,791.66
<br />Bookkeeping
<br />478.33
<br />375.00
<br />3,428.75
<br />5,060.42
<br />Payroll Expenses
<br />6,211.20
<br />6,667.00
<br />7,468.93
<br />44,907.24
<br />Payroll Tax Expense
<br />527.18
<br />510.00
<br />653.64
<br />3,813.92
<br />Office Expense
<br />0.00
<br />333.00
<br />65.54
<br />319.18
<br />Communications
<br />178.30
<br />250.00
<br />120.83
<br />1,202.51
<br />Historical Museum
<br />0.00
<br />292.00
<br />0.00
<br />3,500.00
<br />Bank Service -Charge
<br />7.46
<br />42.00
<br />249.10
<br />1,096.27
<br />Credit Card Fee
<br />99.94
<br />208.00
<br />0.00
<br />0.00
<br />Motel Tax Transferred to LCC
<br />71,144.78
<br />80,000.00
<br />61,697.04
<br />139,827.51
<br />Marketing / Advertising
<br />9,793.82
<br />5,333.00
<br />2,688.88
<br />29,938.59
<br />Event Expenses - Other
<br />0.00
<br />17.00
<br />0.00
<br />0.00
<br />Chaparral Square Dancers
<br />0.00
<br />0.00
<br />0.00
<br />51.34
<br />Tour de Paris Exp
<br />0.00
<br />0.00
<br />268.91
<br />368.91
<br />Lamar Co Days In Austin Exp
<br />0.00
<br />0.00
<br />0.00
<br />(4,578.50)
<br />Events Promotion / Funding
<br />762.50
<br />2,750.00
<br />2,403.01
<br />8,227.51
<br />Convention Promotion
<br />0.00
<br />0.00
<br />0.00
<br />2,526.54
<br />Arts Allocation
<br />0.00
<br />0.00
<br />0.00
<br />7,000.00
<br />Eiffel Tower Lighting/Maint
<br />0.00
<br />0.00
<br />0.00
<br />100.00
<br />Membership Relations
<br />0.00
<br />0.00
<br />0.00
<br />16.24
<br />Rent to COC
<br />.......... 11,000.00
<br />1,000.00
<br />1.000.00
<br />5,0000®00
<br />Total Operating Expenses
<br />101,197.22
<br />113,077.00
<br />92,310.56
<br />281,3288.67
<br />Operating Income (Loss)
<br />4 ,092.35
<br />46,923.00
<br />51,649.21
<br />44,935.63
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.00
<br />167.00
<br />0.00
<br />1,032.03
<br />Trolley
<br />0.00
<br />417.00
<br />675.00
<br />4,087.50
<br />ASA Booth Rentals
<br />500.00
<br />0.00
<br />0.00
<br />0.00
<br />Tour de Paris Income
<br />1,000.00
<br />0.00
<br />500.00
<br />7,712.84
<br />Souvenir Sales
<br />313.94
<br />1,000.00
<br />445.99
<br />3,590.39
<br />Interest Income
<br />20.60.,.,M
<br />®44412.50
<br />_ 0.08
<br />„ ..0 0.08
<br />Total Other Income
<br />1,834.64
<br />_ 1,696.60
<br />1,621.07
<br />_ 16,422.84
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />0.00
<br />167.00
<br />150.00
<br />952.50
<br />Trolley Expenses
<br />224.98
<br />500.00
<br />0.00
<br />741.02
<br />Trolley Insurance
<br />162.32
<br />175.00
<br />175.07
<br />877.51
<br />Souvenir Exp
<br />0.00
<br />417.00
<br />0.00
<br />_ 1,518.50
<br />Total Not -Hot Expenses
<br />387.30
<br />.11259-00
<br />325.07
<br />4,,087.53
<br />Net Income (Loss)
<br />$ 42„,539.59
<br />$ 47,260.60
<br />$ 52,946.21
<br />$ 57,270.94
<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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