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Love Civic Center
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the Year Ended September 30, 2019 and 2018 and 11 Months Ended August 31, 2018
<br />12 Months Ended
<br />12 Months Ended
<br />Month Ended
<br />12 Months Ended
<br />Sep 30, 2019
<br />Sep 30, 2019
<br />Sep 30, 2018
<br />Sep 30, 2018
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Catering
<br />250.00
<br />0.00
<br />0.00
<br />750.00
<br />Motel Tax
<br />337,564.70
<br />320,000.00
<br />0.00
<br />307,357.36
<br />R.V. Hook Up
<br />17,364.73
<br />10,000.00
<br />1,003.89
<br />7,497.91
<br />Misc Income
<br />25.00
<br />1,800.00
<br />0.00
<br />1,731.73
<br />Rent
<br />130,196.42
<br />95,000.00
<br />8,858.50
<br />131,682.13
<br />Refunded Deposits.
<br />(16,119.00)
<br />(11,000.00)
<br />(11100.00)
<br />(23,945.00)
<br />Booth Rental
<br />200.00
<br />400.00
<br />0.00
<br />400.00
<br />Tower Lighting
<br />0.00
<br />400.00
<br />100.00
<br />362.57
<br />Craft Expo Inc.
<br />3,645.00
<br />3,000.00
<br />0.00
<br />3,985.00
<br />Bicycle Rentals
<br />_,
<br />_ ,
<br />240.63,
<br />4,333.74
<br />Total Revenue
<br />478,352.23
<br />422,100.00
<br />9,103.02
<br />434,155.44
<br />Operating Expenses
<br />Craft Expo
<br />200.00
<br />250.00
<br />0.00
<br />519.19
<br />Bank Service Charge
<br />524.51
<br />250.00
<br />20.82
<br />217.36
<br />Communications
<br />4,493.38
<br />5,500.00
<br />379.89
<br />4,936.61
<br />Office Expense
<br />780.35
<br />590.00
<br />0.00
<br />597.46
<br />Payroll Expenses
<br />92,390.64
<br />112,000.00
<br />8,021.66
<br />101,858.33
<br />Payroll Tax Expense
<br />7,024.86
<br />9,000.00
<br />608.00
<br />7,935.56
<br />Marketing/Advertising
<br />400.00
<br />31000.00
<br />0.00
<br />1,577.50
<br />Professional Fees - Other
<br />0.00
<br />125.00
<br />0.00
<br />0.00
<br />Audit
<br />1,850.00
<br />1,800.00
<br />0.00
<br />1,791.68
<br />Bookkeeping
<br />5,187.17
<br />3,250.00
<br />403.33
<br />51179.15
<br />Membership Dues/Sub
<br />156.00
<br />200.00
<br />0.00
<br />156.00
<br />Electricity
<br />35,276.63
<br />40,000.00
<br />48.22
<br />30,463.65
<br />Water
<br />3,338.32
<br />5,000.00
<br />112.16
<br />7,950.25
<br />Gas
<br />4,239.01
<br />4,500.00
<br />60.18
<br />4,714.77
<br />Trash Disposal
<br />4,862.52
<br />5,250.00
<br />405.21
<br />4,804.62
<br />Intown Auto Exp Allowance
<br />3.150.42
<br />3,000.00
<br />250.00
<br />3,000.00
<br />Small Equipment
<br />556.84
<br />500.00
<br />0.00
<br />59.53
<br />ASA
<br />102.00
<br />0.00
<br />0.00
<br />0.00
<br />Contracted Services
<br />180.00
<br />2,000.00
<br />0.00
<br />0.00
<br />Chamber Management
<br />18,000.00
<br />18,000.00
<br />0.00
<br />18,000.00
<br />Eiffel Tower Lighting/Maint
<br />375.20
<br />4,000.00
<br />0.00
<br />675.00
<br />Building Malnt./Spls.
<br />89,305.40
<br />99,000.00
<br />45.65
<br />64,519.23
<br />Security
<br />1,406.80
<br />1,250.00
<br />123.95
<br />994.90
<br />Staff Ins./Retirement
<br />8,259.80
<br />8,500.00
<br />981.36
<br />8,438.98
<br />Insurance
<br />0.00
<br />0.00
<br />0.00
<br />60.93
<br />Building Insurance
<br />4,277.09
<br />0.00
<br />0.00
<br />3,837.66
<br />General Liability
<br />2,880.15
<br />4.800.00,
<br />0.00
<br />2,732.10
<br />Workers Comp. Insurance
<br />707.34
<br />1,400.00
<br />0.00
<br />983.00
<br />Directors & Officers
<br />1,435.34
<br />2,000.00
<br />0.00
<br />1,435.34
<br />Long Term Disability
<br />0.00
<br />1,800.00
<br />0.00
<br />0.00
<br />Misc Expenses
<br />941.18
<br />1,400.00
<br />48.71
<br />1,011.06
<br />Interest Expense
<br />6,237.89
<br />7,500.00
<br />0.00
<br />7,500.51
<br />Ground Maintenance
<br />7,078.00
<br />8,500.00
<br />0.00
<br />8,258.80
<br />Supplies
<br />2,812.63
<br />3,000.00
<br />83.96
<br />3.932.43
<br />Bicycles & Related Expenses
<br />283.15
<br />500.00
<br />0.00
<br />1,651.94
<br />Catering Exp
<br />0.00
<br />0:00
<br />0.00
<br />1,690.00
<br />Capital Improvements
<br />53,869.75
<br />50,000.00
<br />0.00
<br />0.00
<br />Cleaning
<br />4,194.37
<br />10,000.00
<br />0.00
<br />0.00
<br />Training i Education
<br />- 0.00
<br />0.00
<br />._... 0.00
<br />125.00,
<br />Total Operating Expenses
<br />366,776.74
<br />400
<br />11,593.10
<br />301 606.54
<br />Operating Income (Loss)
<br />111,575A9
<br />4,325.00
<br />(2,490.08)
<br />132,548.90
<br />Other Income
<br />Interest Income
<br />1,191.25
<br />_ 100.00
<br />79.17
<br />79.17
<br />Total Other Income
<br />1,191.25
<br />100.00
<br />79.17
<br />79.17
<br />Net Income (Loss)
<br />$ 112,766.74
<br />$ 4,425.00
<br />$ (2,410.91)
<br />$ 13 628.07
<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
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