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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 12 Months Ended September 30, 2019
<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 />12 Months Ended
<br />12 Months Ended
<br />Sep 30, 2019
<br />Sep 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 />337,564.70
<br />320,000.00
<br />17,564.70
<br />105.49%
<br />320,000.00
<br />R.V. Hook Up
<br />17,364.73
<br />10,000.00
<br />7,364.73
<br />173.65%
<br />10,000.00
<br />Misc Income
<br />25.013
<br />1,800.00
<br />(1,775.00)
<br />1.39%
<br />1,800.00
<br />Rent
<br />130,196.42
<br />95,000.00
<br />35,196.42
<br />137.05%
<br />96,000.00
<br />Refunded Deposits
<br />(16,110.00)
<br />(11,000.00)
<br />(5,110.00)
<br />146.45%
<br />(11,000.00)
<br />Booth Rental
<br />200.OD
<br />400.00
<br />(200.00)
<br />50.00%
<br />400.00
<br />Tower Lighting
<br />0.00
<br />400.00
<br />(400.00)
<br />0100%
<br />400.00
<br />Craft Expo Inc.
<br />3,645.00
<br />3,000.00
<br />645.00
<br />121.50%
<br />31000.00
<br />Bicycle Rentals
<br />5,216.38
<br />0
<br />____2,500.0�_
<br />2,716.38
<br />208.66 °%
<br />2,500.00
<br />Total Revenue
<br />r8j352.23
<br />422,100.00
<br />3.33%
<br />422,100.00
<br />Gross Profit
<br />478,352.23,422,100.00
<br />56,262.23
<br />113.33%
<br />422,100.00
<br />OPERATING EXPENSES
<br />Craft Expo
<br />200.00
<br />250.00
<br />(50.00)
<br />80.00%
<br />250.00
<br />Bank Service Charge
<br />524.51
<br />250.00
<br />274.51
<br />209.80%
<br />250.00
<br />Communications
<br />4,493.38
<br />5,600.0.0
<br />(1,006.62)
<br />81.70%
<br />5,500.00
<br />Office Expense
<br />780.35
<br />500.00
<br />280.35
<br />156.07%
<br />500.00
<br />Payroll Expenses
<br />92,390.54
<br />112,000.00
<br />(19,609.36)
<br />82.49%
<br />112,000.00
<br />Payroll Tax Expense
<br />7,024.86
<br />9,000.00
<br />(1,975.14)
<br />78.05%
<br />9,000.00
<br />Marketing/Advertising
<br />400.00
<br />3,000.()0
<br />(2,600.00)
<br />13.33°%
<br />31000.00
<br />Professional Fees - Other
<br />0.00
<br />125.00
<br />(125.00)
<br />0.00%
<br />125.00
<br />Audit
<br />1,850.00
<br />1,800.00
<br />50.00
<br />102.78%
<br />11800.00
<br />Bookkeeping
<br />5,187.17
<br />3,250.00
<br />1,937.17
<br />159.61%
<br />3,250.00
<br />Membership Dues/Sub
<br />156.00
<br />200.00
<br />(44.00)
<br />78.00%
<br />200.00
<br />Electricity
<br />35,276.63
<br />40,000.00
<br />(4,723.37)
<br />88.19%
<br />40,000.00
<br />Water
<br />3,338.32
<br />5,000.00
<br />(1,661.68)
<br />66.77%
<br />51000.00
<br />Gas
<br />4,239.01
<br />4,500.00
<br />(266.99)
<br />94.20%
<br />4,500.00
<br />Trash Disposal
<br />4,862.52
<br />5,250.00
<br />(387.48)
<br />92.62%
<br />5,250.00
<br />Intown Auto Exp Allowance
<br />3,150.42
<br />3,000.00
<br />150.42
<br />105.01 %
<br />3,000.00
<br />Small Equipment
<br />556.84
<br />500.00
<br />56.84
<br />111.37%
<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 />2,000.00
<br />(1,820.00)
<br />9.00%
<br />2,000.00
<br />Chamber Management
<br />18,000.00
<br />18,000.00
<br />0.00
<br />100.00%
<br />18,000.00
<br />Eiffel Tower Lighting/Maint
<br />375.20
<br />4,000.00
<br />(3,624.80)
<br />9.38%
<br />4,000.00
<br />Building MaintJSpls.
<br />89,305.40
<br />99,000.00
<br />(9,694.60)
<br />90.21 %
<br />99,000.00
<br />Security
<br />1,406.80
<br />1,250.00
<br />156.80
<br />112.64%
<br />1,250.00
<br />Staff InsJRetirement
<br />8,259.80
<br />8,500.00
<br />(240.20)
<br />97.17%
<br />8,500.00
<br />Building Insurance
<br />4,277.09
<br />0.00
<br />4,277.09
<br />0100%
<br />0.00
<br />General Liability
<br />21880.15
<br />4,800.00
<br />(1,919.85)
<br />60.00%
<br />4,800.00
<br />Workers Comp. Insurance
<br />707.34
<br />1,400.00
<br />(692.66)
<br />50.52%
<br />1,400.00
<br />Director: & Officers
<br />1,435.34
<br />2,000.00
<br />(564.66)
<br />71.77%
<br />2,000.00
<br />Long Term Disability
<br />0.00
<br />1,800.00
<br />(1,800.00)
<br />0.00%
<br />1,800.00
<br />Misc Expenses
<br />941.18
<br />1,400.00
<br />(458.82)
<br />67.23%
<br />1,400.00
<br />Interest Expense
<br />6,237.89
<br />7,500.00
<br />(1,262.11)
<br />83.17%
<br />7,500.00
<br />Ground Maintenance
<br />7,078.00
<br />8,500.00
<br />(1,422.00)
<br />83.27%
<br />8,500.00
<br />Supplies
<br />2,812.63
<br />3,000.00
<br />(187.37)
<br />93.75%
<br />3,000.00
<br />Bicycles & Related Expenses
<br />283.15
<br />500.00
<br />(216.85)
<br />56.63%
<br />500.00
<br />Capital Improvements
<br />53,869.75
<br />50,000.00
<br />3,869.75
<br />107.74%
<br />50,000.00
<br />Cleaning
<br />4,194.37
<br />10„000.005,805.63)
<br />41.94 %
<br />10,000.00
<br />Total Operating Expenses
<br />366,776.74
<br />417,775.00
<br />_998.261
<br />87.79%
<br />417„775.00
<br />Operating Income (Loss)
<br />111,575.49
<br />_ 4,325.00
<br />107„250.49
<br />2,579.78%
<br />4,325.00
<br />OTHER INCOME
<br />Interest Income
<br />1 191.25
<br />100.00
<br />1,091.25
<br />1,191.25.%
<br />100.00
<br />Total Other Income
<br />1µ191.Z5
<br />100.00
<br />1,091.25
<br />1,191.26 %
<br />100.00
<br />Net Income (Loss)
<br />112,766.74
<br />4,426.00
<br />108,341.74
<br />2548.40%
<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, 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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