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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 9 Months Ended June 30, 2019
<br />9 Months Ended
<br />9 Months Ended
<br />Jun 30, 2019
<br />Jun 30, 2019
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 485,289.05
<br />$ 480,000.00
<br />$ 5,289.05
<br />101-10%
<br />$ 640,000.00
<br />ABBS Wage Relmburement
<br />- 1,632.56
<br />0.00
<br />1µt332.56„
<br />0.00%
<br />0.00„
<br />Total Revenue
<br />48�---480,000.00
<br />6,921.61
<br />101.44 %
<br />640,000.00
<br />Operating Expenses
<br />Utilities
<br />34.56
<br />0.00
<br />34.56
<br />0.00%
<br />0.00
<br />Training / Education
<br />130.00
<br />1,502.00
<br />(1,372.00)
<br />8.66%
<br />2,000.00
<br />Postage
<br />512.88
<br />1,125.00
<br />(612.12)
<br />45.59%
<br />1,50D.00
<br />Misc Expenses
<br />313.21
<br />1,873.00
<br />(1,559.79)
<br />16.72%
<br />2,500.00
<br />D & O Insurance
<br />1,436.33
<br />2,800.00
<br />(1,364.67)
<br />51.26%
<br />2,800.00
<br />Workers Comp
<br />707.33
<br />2,000.00
<br />(1,292.67)
<br />35.37%
<br />2,000.00
<br />Staff Ins./Retirement
<br />5,951.96
<br />7,501.00
<br />(1,549.04)
<br />79.35%
<br />10,000.00
<br />Meetings & Hosting
<br />537.88
<br />2,250.00
<br />(1,612.12)
<br />28.35%
<br />3,000.00
<br />Chamber Management
<br />30,000.00
<br />30,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Small Equipment
<br />0.00
<br />751.00
<br />(751.00)
<br />0.00%
<br />1,000.00
<br />Out of Town Travel
<br />1,125.48
<br />3,752.00
<br />(2,626.52)
<br />30.00%
<br />5,000.00
<br />Intown Auto/Exp Allowance
<br />1,800.00
<br />3,752.00
<br />(1,952.00)
<br />47.97%
<br />5,000.00
<br />Membership Dues/Sub.
<br />5,024.50
<br />3,200.00
<br />1,824.50
<br />157.02%
<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 />3,938.82
<br />3,375.00
<br />563.82
<br />116.71 %
<br />4,500.00
<br />Payroll Expenses
<br />58,975.58
<br />60,002.00
<br />(1,026.42)
<br />98.29%
<br />80,000.00
<br />Payroll Tax Expense
<br />4,644.95
<br />4,590.00
<br />54.95
<br />101.20%
<br />6,120.00
<br />Office Expense
<br />249.75
<br />3,001.00
<br />(2,751.25)
<br />8.32%
<br />4,000.00
<br />Communications
<br />712.41
<br />2,250.00
<br />(1,537.59)
<br />31.66%
<br />3,000.00
<br />Furniture & Fixtures
<br />0.00
<br />1,000.00
<br />(1,000.00)
<br />0.00%
<br />1,00D.00
<br />Historical Museum
<br />3,500.00
<br />3,500.00
<br />0.00
<br />100.00%
<br />3,500.00
<br />Bank Service Charge
<br />67.14
<br />377.00
<br />(309.86)
<br />17.81 %
<br />500.00
<br />Credit Card Fee
<br />1,556.61
<br />1,873.00
<br />(316.39)
<br />83.11 %
<br />2,500.00
<br />Motel Tax Transferred to LCC
<br />242,644.52
<br />240,000.00
<br />2,644.52
<br />101.10%
<br />320,000.00
<br />Marketing / Advertising
<br />36,979.65
<br />48,001.00
<br />(11,021.35)
<br />77.04%
<br />64,000.00
<br />Event Expenses
<br />70.10
<br />152.00
<br />(81.90)
<br />46.12%
<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 />Paris Art & Wine Fest Exp
<br />750.00
<br />0.00
<br />750.00
<br />0.00%
<br />0.00
<br />Tour de Paris Exp
<br />1,832.69
<br />2,600.00
<br />(667.31)
<br />73.31 %
<br />32,500.00
<br />Uncle Jessie's Exp
<br />626.00
<br />500.00
<br />126.00
<br />125.00%
<br />500.00
<br />Lamar Cc Days in Austin Exp
<br />0.00
<br />4,500.00
<br />(4,500.00)
<br />0.00%
<br />4,500.00
<br />ASA
<br />37,259.48
<br />27,000.00
<br />10,259.48
<br />138.00%
<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 />23,835.02
<br />24,750.00
<br />(914.98)
<br />98.30%
<br />33,000.OD
<br />Arts Allocation
<br />7,000.00
<br />7,000.00
<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 />50,000.00
<br />50,000.00
<br />O.DO
<br />0.00%
<br />50,000.00
<br />Rent to COC
<br />9.000.00
<br />9,000.00
<br />0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />547,069.79
<br />X0.00
<br />(23,140.21)
<br />95.94%
<br />757,953.00
<br />Operating Income (Loss)60,148.18
<br />9( 0,210.00
<br />66-68%
<br />X117,953.00
<br />NOT -HOT INCOME
<br />Discounts & Allowances
<br />1.36
<br />1,502.00
<br />(1,500.64)
<br />0.09%
<br />2,000.00
<br />Trolley
<br />1,800.00
<br />3,752.00
<br />(1,952.00)
<br />47.97%
<br />5,000.00
<br />ASA Booth Rentals
<br />500.00
<br />0.00
<br />500.00
<br />0.00%
<br />0.00
<br />Tour de Paris Income
<br />19,705.52
<br />20,000.00
<br />(294.48)
<br />0.00%
<br />45,000.00
<br />Souvenir Sales
<br />4,414.07
<br />9,000.00
<br />(4,585.93)
<br />49.05%
<br />12,000.00
<br />Interest Income
<br />477.03
<br />112.50
<br />364.53
<br />424.03%
<br />150.00
<br />Total Not -Hot Income
<br />26,897.98
<br />_ 34,366.60
<br />,468.52
<br />78.27%
<br />64„150.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />630.00
<br />1,502.00
<br />(872.00)
<br />41.94%
<br />2,000.00
<br />Trolley Expenses
<br />16,971.55
<br />4,500.00
<br />12,471.55
<br />377.15%
<br />6,000.00
<br />Trolley Insurance
<br />1,463.04
<br />1,575.00
<br />(111.96)
<br />92.89%
<br />2,100.00
<br />Souvenir Exp
<br />5,461.00
<br />3,752.00
<br />1,709.00
<br />145.55%
<br />5,000.00
<br />Misc NH Expense6,289.65
<br />0.00
<br />8,289.65
<br />0.00%
<br />0.00
<br />Total Not -Hot Expenses
<br />32,815.24
<br />11,329.00
<br />__211,486.24
<br />289.66%
<br />15,100.00
<br />Net Income (Loss)
<br />$ (66,065.44)
<br />S67,172.50
<br />S - 1,107.06
<br />98.35 %
<br />S 68,90.3.00
<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
<br />prepared in accordance with the income tax basis of
<br />accounting are omitted and no assurance is provided
<br />
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