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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 8 Months Ended May 31, 2019
<br />8 Months Ended 8 Months Ended
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC. CPAs in accordance with professional standards issued
<br />by the AICPA, substarnially ail disclosures ordinarily included in financial statements prepared in axordanoe with the income tax bass of
<br />accounting are omitted and no assurance is provided
<br />May 31, 2019
<br />May 31, 2019
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />s
<br />REVENUE
<br />Catering
<br />$ 250.00
<br />$ 0.00 $
<br />250.00
<br />0.o0%
<br />0.00
<br />Motel Tex
<br />234,759.70
<br />240,000.00
<br />(5,240.30)
<br />0.00%
<br />320,000.00
<br />R.V. Hook Up
<br />7,172.52
<br />8,66B.00
<br />504.62
<br />107.57%
<br />10,000.00
<br />Mise Income
<br />0.00
<br />1,200.00
<br />(1,200.00)
<br />0.00%
<br />11800.00
<br />Rent
<br />94,650.73
<br />63,332.00
<br />31,318.73
<br />140.46%
<br />95,000.00
<br />Refunded Deposits
<br />(8,100.00)
<br />(7,332.00)
<br />(768.00)
<br />110,47%
<br />(11,000.00)
<br />Booth Rental
<br />200.00
<br />400.00
<br />(20D.D0)
<br />0.00 %
<br />400.00
<br />Tower Lighting
<br />0.00
<br />O.W
<br />0.00
<br />0.00%
<br />400.00
<br />Craft Expo Inc.
<br />2,590.00
<br />2,000.00
<br />590.00
<br />0.00%
<br />3,000.00
<br />Bicycle Rentals
<br />--.na---------
<br />1203.81 %
<br />� 250x.00
<br />Total Revenue
<br />334.914-17
<br />. ..._.�yy
<br />993200
<br />307,
<br />2808112.27
<br />108.76%
<br />ry. 4222 OR. 0
<br />Gross Profit
<br />334„914.27SO7
<br />98200
<br />7tfi 2 2i
<br />108.76 %
<br />4n 100.09
<br />OPERATING EXPENSES
<br />Craft Expo
<br />200.00
<br />250.00
<br />(50.00)
<br />0.00%
<br />250.00
<br />Bank Service Charge
<br />300.62
<br />168.00
<br />132.82
<br />179.06%
<br />250.00
<br />Communications
<br />2,802.74
<br />3,664.00
<br />(761.25)
<br />79.22%
<br />51500.00
<br />Office Expense
<br />606.89
<br />338.00
<br />270.89
<br />180.62%
<br />500.00
<br />Payroll Expenses
<br />60,600.07
<br />74,664.00
<br />(14,063.93)
<br />$1.16%
<br />112,000.00
<br />Payroll Tax Expense
<br />4,801.03
<br />6.0D0.00
<br />(1,398.97)
<br />78.68%
<br />91000.00
<br />Marketing /Advertising
<br />400.00
<br />2,000.00
<br />(1,800.00)
<br />20.00%
<br />3,000.00
<br />Professional Fees - Other
<br />0.00
<br />111.00
<br />(81.00)
<br />0.00%
<br />125.00
<br />Audit
<br />1,850.00
<br />1,800.111)
<br />50.00
<br />0.00%
<br />. 11800.00
<br />Bookkeeping
<br />3,558.84
<br />2,168.00
<br />1,390.84
<br />164.15%
<br />3,250.00
<br />Membership Dues/Sub
<br />156.00
<br />200.00
<br />(44.00)
<br />0.00%
<br />200.00
<br />Electricity
<br />18,060.08
<br />25,654.00
<br />(8,603.92)
<br />67.73%
<br />40,000.00
<br />Water
<br />2,699.72
<br />3,336.00
<br />(736.28)
<br />77.93%
<br />5,000.00
<br />Gas
<br />3,993.44
<br />3,000.00
<br />993.44
<br />133.11%
<br />4.500.00
<br />Trash Disposal
<br />3,241.68
<br />3,502.00
<br />(260.32)
<br />92.57%
<br />5,260.00
<br />irdown Auto FV Allowance
<br />2,000.00
<br />2,000.00
<br />0.00
<br />100.00 %
<br />3,000.00
<br />Small Equipment
<br />556.84
<br />500.00
<br />66,84
<br />0.00%
<br />500.00
<br />ASA
<br />102.00
<br />0.D0
<br />102.00
<br />0.00
<br />Contracted Services
<br />160.00
<br />1,338.00
<br />(1,156.00)
<br />13.47%
<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 />E081 Tower UghlinglMalnt
<br />250.20
<br />2,868.00
<br />(2,417,80)
<br />9.38%
<br />4,000.00
<br />Building MainUSpls.
<br />27,258.66
<br />66,000.00
<br />(38,741.34)
<br />41.30%
<br />99,000.00
<br />Secuft
<br />1,171.00
<br />832.00
<br />339.00
<br />140.75%
<br />1,250.00
<br />Staff InsJRebrement
<br />5,221.88
<br />5,664.00
<br />(442.12)
<br />92.19%
<br />8,500.00
<br />Building Insurance
<br />4,277.09
<br />0.00
<br />4,277.09
<br />0.00%
<br />0.00
<br />General Llabliity
<br />2,880.15
<br />3,200.00
<br />(319.85)
<br />90.00%
<br />4.800.00
<br />Workers Comp. Insurance
<br />707.34
<br />1,400.00
<br />(692.66)
<br />0.00%
<br />1,400.00
<br />Directors & Ofticers
<br />1,435.34
<br />2,000.00
<br />(564.66)
<br />0.00%
<br />2,000.00
<br />Long Term Disability
<br />0.00
<br />1,200.00
<br />(1.200.00)
<br />0100%
<br />11800.00
<br />Mtsc Expenses
<br />717.42
<br />936.00
<br />(218.58)
<br />76-85%
<br />1.400.00
<br />Interest Expense
<br />4,367.27
<br />5,625.00
<br />(1,257.73)
<br />0.00%
<br />7,500.00
<br />Ground Maintenance
<br />5,242:50
<br />5,664.00
<br />(421.50)
<br />B2.66%
<br />8,500.00
<br />Supplies
<br />2,348.63
<br />2,000.00
<br />348.63
<br />117.43%
<br />3,000.00
<br />Bicycles & Related Expenses
<br />207.18
<br />336.00
<br />(128.82)
<br />81.66%
<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 />.......w 1 60 7x77
<br />6. 8800
<br />5mmufl..) ..•
<br />,., 24.11 %
<br />_....10,000.DO
<br />Total Operating Expenses
<br />187m602.68w
<br />263 862.00
<br />f2,269.4J2
<br />71.54 %
<br />4170776.00
<br />Operating Income (Loss)135
<br />30 11 69„
<br />m �m 64470.00 ____9&241-60AAA
<br />293.64% mmITIT
<br />432&00
<br />OTHER INCOME
<br />Interest Income
<br />527.47
<br />88.00
<br />459.47
<br />775.89%
<br />100.00,
<br />Total Other Income
<br />527.47
<br />68.00
<br />459.47
<br />776.69%
<br />100.00
<br />Not Income (Loss)
<br />153,839.16
<br />64,138.00
<br />99 701.16
<br />204.16%
<br />4,425.00
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC. CPAs in accordance with professional standards issued
<br />by the AICPA, substarnially ail disclosures ordinarily included in financial statements prepared in axordanoe with the income tax bass of
<br />accounting are omitted and no assurance is provided
<br />
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