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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 10 Months Ended July 31, 2019
<br />OTHER INCOME
<br />Interest Income 969.12 84.00 885.12 1,153.71 e% _ 100.00
<br />Total Other income 969.12 84.00 865.12 11153.71% 100.00
<br />Net Income (Loss) 141,219.67 33„682.00 174,801.67 (420.62% 41425.00
<br />Financial statement preparation service provided by Mainory, 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 />10 Months Ended
<br />10 Months Ended
<br />Jul 31, 2019
<br />Jul 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 />242,644.52
<br />240,000.00
<br />2,544.52
<br />0.00%
<br />320,000.00
<br />R.V. Hook Up
<br />16,360.14
<br />8,334.00
<br />8,026.14
<br />196.31 %
<br />10,000.00
<br />Misc Income
<br />0.00
<br />11500.00
<br />(1,500.00)
<br />0.00%
<br />1,800.00
<br />Rent
<br />106,329.77
<br />79,166.00
<br />27,163.77
<br />134.31 %
<br />95,000.00
<br />Refunded Deposits
<br />(11,910.00)
<br />(9,166.00)
<br />(2,744.00)
<br />129.94%
<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 />200.00
<br />(200.00)
<br />0.00%
<br />400.00
<br />Craft Expo Inc.
<br />3,645.00
<br />3,000.00
<br />645.00
<br />0.00%
<br />3,000.00
<br />Bicycle Rentals
<br />4,561.15
<br />2,082.00
<br />2,479.15
<br />_ 219.08%
<br />2„500.00
<br />Total Revenue
<br />362,080.58
<br />326,516.00
<br />36,564.58
<br />111.23%
<br />422,100.00
<br />Gross Profit
<br />825 5, 16.00„m
<br />36,564.58
<br />_
<br />111
<br />111.23%
<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 />382.41
<br />210.00
<br />172.41
<br />182.10%
<br />250.00
<br />Communications
<br />3,704.92
<br />4,582.00
<br />(877.08)
<br />80.86%
<br />5,500.00
<br />Office Expense
<br />692.92
<br />418.00
<br />274.92
<br />165.77%
<br />500.00
<br />Payroll Expenses
<br />76,203.30
<br />93,332.00
<br />(17,128.70)
<br />81.65%
<br />112,000.00
<br />Payroll Tax Expense
<br />5,789.94
<br />7,500.00
<br />(1,710.06)
<br />77.20%
<br />91000.00
<br />Marketing I Advertising
<br />400.00
<br />2,500.00
<br />(2,100.00)
<br />16.00%
<br />31000.00
<br />Professional Fees - Other
<br />0.00
<br />103.00
<br />(103.00)
<br />0.00%
<br />125.00
<br />Audit
<br />1,850.00
<br />1,800.00
<br />50.D0
<br />0.00%
<br />1,800.00
<br />Bookkeeping
<br />4,387.17
<br />2,710.00
<br />1,677.17
<br />161.89%
<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 />28,193.25
<br />33,332.00
<br />(5,138.75)
<br />84.68%
<br />40,000.00
<br />Water
<br />2,930.26
<br />4,168.00
<br />(1,237.74)
<br />70.30%
<br />5,000.00
<br />Gas
<br />4,157.18
<br />3,750.00
<br />407.18
<br />110.86%
<br />4,500.00
<br />Trash Disposal
<br />4,052.10
<br />4,376.00
<br />(323.90)
<br />92.60%
<br />5,250.00
<br />Intown Auto Exp Allowance
<br />2,500.00
<br />2,500.00
<br />0.00
<br />100.00%
<br />31000.00
<br />Small Equipment
<br />556.84
<br />500.00
<br />56.84
<br />0.00%
<br />500.00
<br />ASA
<br />102.DO
<br />0.00
<br />102.00
<br />0.00%
<br />O.OD
<br />Contracted Services
<br />180.00
<br />1,668.00
<br />(1,488.00)
<br />10.79%
<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 />3,334.00
<br />(3,083.80)
<br />7,50%
<br />4,000,00
<br />Building Maint./Spls.
<br />32,728.59
<br />82,500.00
<br />(49,771.41)
<br />39.67%
<br />99,000.00
<br />Security
<br />1,288.90
<br />1,040.00
<br />248.90
<br />123.93%
<br />1,250.00
<br />Staff Ins./Retirement
<br />6,741.35
<br />7,082.00
<br />(340.65)
<br />95.19%
<br />6,500.00
<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 />(11919.85)
<br />60.00%
<br />4,800.00
<br />Workers Camp. Insurance
<br />707.34
<br />1,400.00
<br />(692.66)
<br />0.06%
<br />1,400.00
<br />Directors & Officers
<br />11435.34
<br />2,D00.00
<br />(564.66)
<br />0.00%
<br />2,000.00
<br />Long Term Disability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />11800.00
<br />Misc Expenses
<br />726.49
<br />1,168.00
<br />(441.51)
<br />62.20%
<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 />7,082.00
<br />(1,257.00)
<br />82;25 e%
<br />8,500.00
<br />Supplies
<br />2,348.63
<br />2,500.00
<br />(151.37)
<br />93.95%
<br />3,000.00
<br />Bicycles & Related Expenses
<br />'221.02
<br />418.00
<br />(196.98)
<br />52.88%
<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 />8 334.004,739.63)
<br />43.13%
<br />10,000.00
<br />Total Operating Expenses
<br />221,830.03
<br />359,182.00137,351.97)
<br />61.76%
<br />417,775.00
<br />Operating Income (Loss)
<br />1
<br />3(3666 00
<br />773,916.65416.59
<br />%
<br />4,325.00
<br />OTHER INCOME
<br />Interest Income 969.12 84.00 885.12 1,153.71 e% _ 100.00
<br />Total Other income 969.12 84.00 865.12 11153.71% 100.00
<br />Net Income (Loss) 141,219.67 33„682.00 174,801.67 (420.62% 41425.00
<br />Financial statement preparation service provided by Mainory, 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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