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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 11 Months Ended August 31, 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 />11 Months Ended
<br />11 Months Ended
<br />Aug 31, 2019
<br />Aug 31, 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 />16,772.33
<br />9,167.00
<br />7,605.33
<br />182.96%
<br />10,000.00
<br />Misc Income
<br />25.00
<br />1,650.00
<br />(1,625.00)
<br />1.52%
<br />11800.00
<br />Rent
<br />115,798.37
<br />87,083.00
<br />28,715.37
<br />132.97%
<br />95,000.00
<br />Refunded Deposits
<br />(13,310.00)
<br />(10,083.00)
<br />(3,227.00)
<br />132.00%
<br />(11,000.00)
<br />Booth Rental
<br />200.00
<br />400.00
<br />(200.00)
<br />50.00%
<br />400.00
<br />Tower Lighting
<br />0.00
<br />300.00
<br />(300.00)
<br />0.00%
<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 />4,905.62w
<br />2,291.00
<br />2614.62
<br />214.13%
<br />2,500.00
<br />Total Revenue
<br />465,851.02,
<br />413 808.00
<br />52,043.02
<br />1112.0%
<br />422900.00
<br />Gross Profit
<br />465,851.02
<br />413 808.00
<br />52,043.02
<br />112.58%
<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 />460.96
<br />230.00
<br />230.96
<br />200.42%
<br />250.00
<br />Communications
<br />4,099.34
<br />5,041.00
<br />(941.66)
<br />81.32%
<br />5,500.00
<br />Office Expense
<br />741.33
<br />459.00
<br />282.33
<br />161.51 °%
<br />50D.00
<br />Payroll Expenses
<br />83,909.77
<br />102,666.00
<br />(18,756.23)
<br />81.73%
<br />112,000.00
<br />Payroll Tax Expense
<br />6,374.57
<br />8,250.00
<br />(1,875.43)
<br />77.27%
<br />9,000.00
<br />Marketing / Advertising
<br />400.00
<br />2,750.00
<br />(2,350.00)
<br />14.55%
<br />3,000.00
<br />Professional Fees - Other
<br />0.00
<br />114.00
<br />(114.00)
<br />0.00%
<br />125.00
<br />Audit
<br />1,850.00
<br />1,800.00
<br />50.00
<br />102.78%
<br />1,800.00
<br />Bookkeeping
<br />4,387.17
<br />2,980.00
<br />1,407.17
<br />147.22%
<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 />31,667.63
<br />36,666.00
<br />(4,998.37)
<br />86.37%
<br />40,000.00
<br />Water
<br />3,105.45
<br />4,584.00
<br />(1,478.55)
<br />67.75%
<br />5,000.00
<br />Gas
<br />4,239.01
<br />4,125.00
<br />114.01
<br />102.76%
<br />4,500.00
<br />Trash Disposal
<br />4,457.31
<br />4,813.00
<br />(355.69)
<br />92.61 %
<br />5,250.00
<br />Intown Auto Exp Allowance
<br />2,750.00
<br />2,750.00
<br />0.00
<br />100,00%
<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 />1,834.00
<br />(1,654.00)
<br />9.81 %
<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 />3,667.00
<br />(3,291.80)
<br />10.23%
<br />4,000.00
<br />Building Maint./Spls.
<br />34,547.93
<br />90,750.00
<br />(56,202.07)
<br />38.07%
<br />99,000.00
<br />Security
<br />1,347.85
<br />1,145.00
<br />202.85
<br />117.72%
<br />1,250.00
<br />Staff Ins./Retirement
<br />7,262.40
<br />7,791.00
<br />(528.60)
<br />93.22%
<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 />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 />Directors & Officers
<br />1,435.34
<br />2,0130.00
<br />(564.66)
<br />71.77%
<br />2,000.00
<br />Long Term Disability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,800.00
<br />Misc Expenses
<br />726.49
<br />1,284.00
<br />(557.51)
<br />56,58%
<br />1,400.00
<br />Interest Expense
<br />5,600.66
<br />7,500.00
<br />(1,899.34)
<br />74.68°%
<br />7,500.00
<br />Ground Maintenance
<br />7,078.00
<br />7,791.00
<br />(713.00)
<br />90.85%
<br />8,500.00
<br />Supplies
<br />2,348.63
<br />2,750.00
<br />(401.37)
<br />85.40%
<br />3,000.00
<br />Bicycles & Related Expenses
<br />275.23
<br />459.00
<br />(182.77)
<br />60.18%
<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 />Cleaning10.000.00.m..
<br />3u594.37
<br />9167.00
<br />_ m. 5 5
<br />��,.
<br />39„21 _
<br />°%
<br />Total Operating Expenses
<br />240,095.06
<br />388,516.00148,420.944
<br />_ 61.80 °%
<br />417,775.00
<br />Operating income (Loss)
<br />225 755.96
<br />25 292.00
<br />200,463.96
<br />892.60 %
<br />4,325.00
<br />� _
<br />�
<br />OTHER INCOME
<br />Interest Income
<br />1,081.33
<br />92.00
<br />m,
<br />w.. 989.33
<br />1,175.36%
<br />100.00
<br />Total Other Income
<br />1,031.33
<br />_m ITITITIT 92.00
<br />989.33
<br />1,175.36 %
<br />_�. 100.00
<br />Net Income (Loss)
<br />226,837.29
<br />25 3 84.00
<br />201,453.29
<br />893.62
<br />4 425.00
<br />m
<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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