|
Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 7 Months Ended April 30, 2019
<br />Financial statement preparation service provided by Mainory, McNeal & Company PC, CPAs in accordance with professional standards issued
<br />by the AICPA, substantially all disclosures ordinarily included in fimanclal statements prepared in accordancc with the income tax basis of
<br />accounting are omitted and no assurance is provided
<br />7 Months Ended
<br />7 Months Ended
<br />Apr 30, 2019
<br />Apr 30, 2019
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Catering
<br />$ 250.00
<br />$ 0.00 $
<br />250.00
<br />0.00%
<br />$ 0.00
<br />Motel Tax
<br />166,497.34
<br />160,000.00
<br />6,497.34
<br />0.00%
<br />320,000.00
<br />R.V. Hook Up
<br />5,489.07
<br />5,835.00
<br />(345.93)
<br />94.07%
<br />10,000.00
<br />Misc Income
<br />0.00
<br />1,050.00
<br />(1,050.00)
<br />0.00%
<br />1,800.00
<br />Rent
<br />84,014.04
<br />55,415.00
<br />28,599.04
<br />151.61 %
<br />95,000.00
<br />Refunded Deposits
<br />(7,700.00)
<br />(8,415,00)
<br />(1,285.00)
<br />120.03%
<br />(11,000.00)
<br />Booth Rental
<br />200.00
<br />400.00
<br />(200.00)
<br />0.00%
<br />400.00
<br />Tower Lighting
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />400.00
<br />Craft Expo Inc.
<br />1,555.00
<br />0.00
<br />1,555.00
<br />0.00%
<br />3,000.00
<br />Bicycle Rentals
<br />2,498.48
<br />1,466.00
<br />1,042.48
<br />171.60%
<br />w r Z 500.00
<br />Total Revenue
<br />252,803.93
<br />m 217m741.00
<br />35,0
<br />__._. 5,06 ...2.93
<br />116.10 %
<br />.....
<br />422,100.00
<br />Gross Profit,
<br />262 803 93
<br />., . _u_ ..
<br />217,741.00
<br />36,062.98,
<br />416.10 %
<br />, ..WWW 422,500.00
<br />OPERATING EXPENSES
<br />Craft Expo
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />250.OD
<br />Bank Service Charge
<br />250.96
<br />147.00
<br />113.96
<br />177.52%
<br />250.01)
<br />Communications
<br />2,512.00
<br />3,2D6.00
<br />(69.4.00)
<br />78.36%
<br />5.500.00
<br />Office Expense
<br />570.01
<br />294.00
<br />276.01
<br />193.88%
<br />600.00
<br />Payroll Expenses
<br />53,375.33
<br />65,331.00
<br />(11,955,67)
<br />91.70%
<br />112,000.00
<br />Payroll Tax Expense
<br />4,054.01
<br />5,250.00
<br />(1,195.99)
<br />7722%
<br />9,000.00
<br />Marketing / Advertising
<br />400.00
<br />1,750.00
<br />(1,350.00)
<br />22.86%
<br />3,000.00
<br />Professional Fees - Other
<br />0.00
<br />70.00
<br />(70.1)0)
<br />0.00%
<br />125.00
<br />Audit
<br />1,850.00
<br />1,800.00
<br />50.00
<br />0.00%
<br />1,800.00
<br />Bookkeeping
<br />3,162.18
<br />1,897.00
<br />1,265.18
<br />166.89%
<br />3,250.00
<br />Membership DuesfSub
<br />156.00
<br />200.00
<br />(44.00)
<br />0.00%
<br />200.00
<br />Electricity
<br />18,0139.00
<br />23.331.D0
<br />(5,322.00)
<br />77.19%
<br />40,000,00
<br />Water
<br />2,434.45
<br />2,919.00
<br />(484.55)
<br />83.40%
<br />5,000.00
<br />Gas
<br />3,806.40
<br />2,625.00
<br />1,181.40
<br />145.01 %
<br />4,500.00
<br />Trash Disposal
<br />2,836.47
<br />3,065.00
<br />(228.53)
<br />92.54%
<br />5,250.00
<br />Intown Auto Ftp Allowance
<br />1,750.00
<br />1.750.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Small Equipment
<br />556.84
<br />500.00
<br />66:64
<br />0.00%
<br />500.00
<br />Contracted Services
<br />180.00
<br />1,169.00
<br />(989.00)
<br />15.40%
<br />2,000.00
<br />Chamber Management
<br />18,000.00
<br />18,000.00
<br />0.00
<br />0.00%
<br />18,000.00
<br />Eiffel Tower Lighting/Matnt
<br />250.20
<br />2,335.00
<br />(2,084.80)
<br />10.72%
<br />4,000.00
<br />Building Maint./Sp1s.
<br />25,388.58
<br />57,750.00
<br />(32,361,42)
<br />43.96%
<br />99,000.01)
<br />Security
<br />1,112.05
<br />728.00
<br />384.05
<br />152.75%
<br />1,250.00
<br />Staff InsJRebrement
<br />4,703.97
<br />4,956.00
<br />(252.03)
<br />94.91%
<br />81500.00
<br />Building Insurance
<br />4,277.09
<br />0.00
<br />4,277.09
<br />0.0.0%
<br />0.00
<br />General liability
<br />2,880.15
<br />2,800.00
<br />80.15
<br />102.86%
<br />4,800.00,
<br />Workers Comp, Insurance
<br />707.34
<br />1,400.00
<br />(692.66)
<br />0100%
<br />1,400.00
<br />Directors & Officers
<br />1,435.34
<br />2,000.00
<br />(564.66)
<br />0.00%
<br />2,000.00
<br />Long Tenn Disability
<br />0.00
<br />1,050.00
<br />(1,050.00)
<br />0.00%
<br />1,800.00
<br />Misc Expenses
<br />410,42
<br />819.00
<br />(408.58)
<br />50.11 %
<br />1,4013.00
<br />Interest Expense
<br />3,072.23
<br />3,750.00
<br />(677.77)
<br />0.00%
<br />71500.00
<br />Ground Maintenance
<br />4,660.00
<br />4,956.00
<br />(296.00)
<br />94.03%
<br />61500.00
<br />Supplies
<br />1,867.13
<br />1,750.00
<br />117.13
<br />106.69%
<br />3,000.00
<br />Bicycles & Related Expenses
<br />51.55
<br />294.00
<br />(242.45)
<br />17.53%
<br />500.00
<br />Capital Improvements
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />50,000.00
<br />Cleaning
<br />_,.,._ _„ 1,012.77
<br />5,835 00
<br />4 822.23)
<br />17 36 °%
<br />10,000.00
<br />Total Operating Expenses
<br />168,742.47
<br />_ _;2 0057984.5
<br />74,08%
<br />417775.00
<br />Operating Income (Loss)
<br />67,061.46
<br />X5,986.00)
<br />93,047.46__11.464.42j°%
<br />4,326.00
<br />OTHER INCOME
<br />Interest Income
<br />348149
<br />.00
<br />-----...60._.
<br />288.49
<br />580.82%
<br />_ _ 100.00
<br />Total Other Income
<br />...........�.... a48�49
<br />�._.._..._................... 60.00. _................w._.e,..
<br />49
<br />.?�.88..,�.
<br />580.82 °%
<br />m......._._...�..p_�
<br />......... 100.00
<br />Net Income (Loss)
<br />87, 09 95„
<br />93 336.95
<br />11,475.021°%
<br />Financial statement preparation service provided by Mainory, McNeal & Company PC, CPAs in accordance with professional standards issued
<br />by the AICPA, substantially all disclosures ordinarily included in fimanclal statements prepared in accordancc with the income tax basis of
<br />accounting are omitted and no assurance is provided
<br />
|