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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 9 Months Ended June 30, 2019
<br />OTHER INCOME
<br />Interest Income 838.9676.00 762.96 1,103.89% „ 100.00
<br />Total Other Income838.96 76.00 762.96 11103.89% 100.00
<br />,.
<br />Net Income (Loss) 160,453 87 14,572.00 175,025.87 1,101.1 % 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, 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 />9 Months Ended
<br />9 Months Ended
<br />Jun 30, 2019
<br />Jun 30, 2019
<br />Variance
<br />% of Budget Annual
<br />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 />242,644.52
<br />240,000.00
<br />2,644.52
<br />0.00%
<br />320,000.00
<br />R.V. Hook Up
<br />15,945.63
<br />71501.00
<br />8,444.63
<br />212.58%
<br />10,000.00
<br />Misc Income
<br />0.00
<br />1,350.00
<br />(1,350.00)
<br />0.00%
<br />1,800.00
<br />Rent
<br />103,528.55
<br />71,249.00
<br />32,279.55
<br />145.31 °%
<br />95,000.00
<br />Refunded Deposits
<br />(9,290.00)
<br />(8,249.00)
<br />(1,041.00)
<br />112.62%
<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 />100.00
<br />(100.00)
<br />0.00%
<br />400.00
<br />Craft Expo Inc.
<br />3,435.00
<br />3,000.00
<br />435.00
<br />0.00%
<br />3,000.00
<br />Bicycle Rentals4,178.94
<br />1,873.00 ,
<br />2„305.94
<br />223.11 %
<br />2,500.00
<br />Total Revenue
<br />360,892.64
<br />317.224.00
<br />43,668.64
<br />113.77%
<br />422,,,100.00
<br />Gross Profit
<br />360,892.64
<br />317,224.00
<br />43,668.64
<br />113.77%
<br />422,100.00
<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 />342.55
<br />189.00
<br />153.55
<br />181.24%
<br />250.00
<br />Communications
<br />3,204.29
<br />4,123.00
<br />(918.71)
<br />77.72%
<br />5,500.00
<br />Office Expense
<br />692.92
<br />377.00
<br />315.92
<br />183.80%
<br />500.00
<br />Payroll Expenses
<br />68,782.86
<br />83,998.00
<br />(15,215.14)
<br />81.89%
<br />112,000.00
<br />Payroll Tax Expense
<br />5,226.82
<br />6,750.00
<br />(1,523.18)
<br />77.43%
<br />9,000.00
<br />Marketing / Advertising
<br />400.00
<br />2,250.00
<br />(1,850.00)
<br />17.78%
<br />3,000.00
<br />Professional Fees - Other
<br />0.00
<br />92.00
<br />(92.00)
<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 />3,938.84
<br />2,439.00
<br />1,499.84
<br />161.49%
<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 />21,773.05
<br />29,998.00
<br />(8,224.95)
<br />72.58%
<br />40.000.00
<br />Water
<br />2,764.99
<br />3,752.00
<br />(987.01)
<br />73.69%
<br />5,000.00
<br />Gas
<br />4,059.59
<br />3,375.00
<br />684.59
<br />120.28%
<br />4,500.00
<br />Trash Disposal
<br />3,646.89
<br />3,939.00
<br />(292.11)
<br />92.58%
<br />5,250.00
<br />Intown Auto Exp Allowance
<br />2,250.00
<br />2,250.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Small Equipment
<br />556.84
<br />500.00
<br />56.84
<br />0.00%
<br />500.00
<br />ASA
<br />102.00
<br />0.00
<br />102.00
<br />0.00%
<br />0.00
<br />Contracted Services
<br />180.00
<br />1,502.00
<br />(1,322.00)
<br />11.98%
<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/Maint
<br />250.20
<br />3,001.00
<br />(2,750.80)
<br />9.34%
<br />4,000.00
<br />Building Maint./Spls.
<br />29,061.94
<br />74,250.00
<br />(45,188.06)
<br />39.14%
<br />99,000.00
<br />Security
<br />1,229.95
<br />936.00
<br />293.95
<br />131.40%
<br />1,250.00
<br />Staff In"etirement
<br />6,225.30
<br />6,373.00
<br />(147.70)
<br />97.68%
<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 Liability
<br />2,880.15
<br />3,600.00
<br />(719.85)
<br />80.00%
<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 8, 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 />1,350.00
<br />(1,350.00)
<br />0.00%
<br />1,800.00
<br />Mise Expenses
<br />726.49
<br />1,052.00
<br />(325.51)
<br />69.06%
<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 />5,825.00
<br />6,373.00
<br />(548.00)
<br />91.40%
<br />8,500.00
<br />Supplies
<br />2,348.63
<br />2,250.00
<br />98.63
<br />104.38%
<br />3,000.00
<br />Bicycles & Related Expenses
<br />221.02
<br />377.00
<br />(155.98)
<br />58.63%
<br />500.00
<br />Capital Improvements
<br />0.00
<br />50,000.00
<br />(50,000.00)
<br />0.00%
<br />50,000.00
<br />Cleaning
<br />3 594.37
<br />7,501.00
<br />_ X3,906 63Y
<br />47.92 %
<br />10000.00
<br />Total Operating Expenses
<br />201.„277.73
<br />331,872.001�2j7i
<br />60.65%
<br />417,775.00
<br />Operating Income (Loss)
<br />159 614.9114(
<br />648.00
<br />wwwwwwwwww174,262.91
<br />(1,069.67)%
<br />4 325.00
<br />OTHER INCOME
<br />Interest Income 838.9676.00 762.96 1,103.89% „ 100.00
<br />Total Other Income838.96 76.00 762.96 11103.89% 100.00
<br />,.
<br />Net Income (Loss) 160,453 87 14,572.00 175,025.87 1,101.1 % 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, 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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