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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 8 Months Ended May 31, 2019
<br />8 Months Ended
<br />8 Months Ended
<br />May 31, 2019
<br />May 31, 2019
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 469,519.41
<br />$ 480,000.00
<br />$ (10,480.59)
<br />97,82% $ 640,000.00
<br />ABBS Wage Reimburement
<br />1 832.56
<br />0 00
<br />1.632.56
<br />0.00%0.00
<br />m _mmm
<br />Total Revenue
<br />471 t61
<br />..1,16 9
<br />480 000 DO
<br />� ..m._._...._
<br />8 848,03
<br />�.�.... .� ..W.�_.�
<br />°
<br />98.18 %
<br />840 000 DO
<br />Operating Expenses
<br />Utmtias
<br />34.56
<br />0.00
<br />34.56
<br />0100%
<br />0.00
<br />Training / Education
<br />130.00
<br />1,336.00
<br />(1,206.00)
<br />9.73%
<br />2,000.00
<br />Postage
<br />484.07
<br />1,000.00
<br />(515.93)
<br />48.41 %
<br />1,500.00
<br />Misc Expenses
<br />281.50
<br />1,664.DD
<br />(1,382.50)
<br />16.92%
<br />2,600.00
<br />D & O Insurance
<br />0.00
<br />2,800.00
<br />(2,800.00)
<br />0.00%
<br />2,800.00
<br />Worker's Comp
<br />707.33
<br />2,000.00
<br />(1,292.67)
<br />35.37%
<br />2,000.00
<br />Staff InsdRetirement
<br />4,878.67
<br />6,668.00
<br />(1,789.33)
<br />73.17%
<br />10,DDD.00
<br />Meetings & Hosting
<br />363.17
<br />2,000.00
<br />(1,636.83)
<br />18.16%
<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 />668.00
<br />(668.00)
<br />0.D0 %
<br />1,000.00
<br />Out of Town Travel
<br />1,125.48
<br />3,336.00
<br />(2,210.52)
<br />33.74%
<br />51000.00
<br />Intown Auto/Exp Allowance
<br />1,800.00
<br />3,336.00
<br />(1,736.00)
<br />47.90%
<br />5,000.00
<br />Membership Dues/Sub.
<br />1,015.00
<br />3,200.00
<br />(2,185.00)
<br />31.72%
<br />4,000.00
<br />Audit
<br />1,650.00
<br />2,000.00
<br />(150.00)
<br />92.50%
<br />2,000.00
<br />Bookkeeping
<br />3,558.82
<br />3,000.00
<br />558.82
<br />118.83%
<br />4,500.00
<br />Payroll Expenses
<br />52,764.38
<br />53,338.00
<br />(571,62)
<br />98.93%
<br />80,000.00
<br />Payroll Tax Expense
<br />4,174.95
<br />4,080.00
<br />94.95
<br />102.33%
<br />6,120.00
<br />Office Expense
<br />145.26
<br />2,668.00
<br />(2,522.74)
<br />5.44%
<br />4,000.00
<br />Communications
<br />712.41
<br />2,000.00
<br />(1,267.59)
<br />36.62%
<br />3.000.00
<br />Furniture & Fbdures
<br />0.00
<br />1,000.00
<br />(1,000.00)
<br />0.00%
<br />1,000.00
<br />Historical Museum
<br />0.00
<br />2,336.00
<br />(2,336.00)
<br />0.00%
<br />3,500.00
<br />Bank Service Charge
<br />59.68
<br />336.00
<br />(276.32)
<br />17.76%
<br />500.00
<br />Credit Card Fee
<br />1,274.92
<br />1,664.00
<br />(389.08)
<br />78.62%
<br />2,500.00
<br />Motel Tax Transferred to LCC
<br />234,759.70
<br />240,000.00
<br />(5,240.30)
<br />97.82%
<br />320,000.00
<br />Marketing / Advertising
<br />34,353.40
<br />42,668.00
<br />(8,314.60)
<br />80.51 %
<br />64,000.00
<br />Event Expenses
<br />47.66
<br />136.00
<br />(88.34)
<br />35.04%
<br />200.00
<br />Chaparral Square Dancers
<br />1,541.18
<br />500.00
<br />1,041.18
<br />S08.24%
<br />500.00
<br />Tour de Paris Exp
<br />2,872.11
<br />2,51)0.00
<br />372.11
<br />114.88 %
<br />32,500.00
<br />Uncle Jessie's Exp
<br />0.00
<br />500,00
<br />(500.00)
<br />0.00%
<br />500.00
<br />Lamar Cc Days in Austin Exp
<br />0.00
<br />4,500.00
<br />(4,500.00)
<br />0100%
<br />4,500.00
<br />ASA
<br />37,358.48
<br />27,000.00
<br />10,358.48
<br />138.36%
<br />27,000.00
<br />SDBA Boat Races
<br />507.90
<br />500.00
<br />7.90
<br />101.68%
<br />71500.00
<br />Events Promotion / Funding
<br />17,610.02
<br />22,000.00
<br />(41389.98)
<br />80.05 %
<br />33,000.00
<br />Arts Allocation
<br />0.00
<br />0.00
<br />0.00
<br />0100%
<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 />0.00
<br />0.00
<br />0:00
<br />0.00%
<br />50,000.00
<br />Renf to COC000.00.
<br />.,_
<br />...................... 8,000.000.000
<br />100.00 °% .....
<br />....,r .12,000.00
<br />Total Operating Expenses
<br />_ 454,066.61 _..
<br />m m 493 066.00
<br />� 37.998.49
<br />92.28%
<br />76�,
<br />Operating Income (Loss)
<br />17,086.46
<br />112„066.00
<br />28150.46
<br />(141.61%
<br />1171963-00�
<br />NOT -HOT INCOME
<br />Discounts & Allowances
<br />1.36
<br />1,336.00
<br />(1,334.64)
<br />0.10%
<br />2,000.00
<br />Trolley
<br />1,800.00
<br />3,336.00
<br />(1,536.00)
<br />53.96%
<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 />15,155.62
<br />0.00
<br />15,155.52
<br />0.00%
<br />45,000.00
<br />Souvenir Sales
<br />3,810.45
<br />8,000.00
<br />(4,189.65)
<br />47.63%
<br />12,000.00
<br />Interest Income„
<br />168.37
<br />00,00 ................._.
<br />.31
<br />m ...m...m b8 _w...
<br />168.31 °% ._.va...�
<br />150.00
<br />�..._�
<br />Total Not -Hot Income
<br />21,435.664
<br />12,772.00
<br />8,663.64
<br />167.83%
<br />64,150.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />592.50
<br />1,336.00
<br />(743.50)
<br />44.35%
<br />2,000.00
<br />Trolley Expenses
<br />1,717.48
<br />4,000.00
<br />(2,282.52)
<br />42.94%
<br />61000.00
<br />Trolley Insurance
<br />1,300.72
<br />1,400.00
<br />(99.26)
<br />92.91 %
<br />2,100.00
<br />Souvenir Exp
<br />6,002.00
<br />3,336.00
<br />1,666.00
<br />149.94%
<br />5,000.00
<br />Misc NH Expense
<br />„7783365„
<br />0.00 „.
<br />,.,.,.,.,., 7,793.65,
<br />0.00%
<br />...._...__----0.00
<br />Total Not -Hot Expenses
<br />_16 406.36
<br />10 072.00
<br />e._.
<br />6,334.35
<br />........,.�.,-„��..
<br />162.89 % .�
<br />76.100.0000
<br />,
<br />Net income (Loss)
<br />$ 22114.75 $
<br />TTS 00 f31,479.75
<br />(236.14)% $
<br />f" 903 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
<br />with the income tax basis of
<br />accounting are omitted and no assurance
<br />is provided
<br />
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