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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 12 Months Ended September 30, 2019
<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 />Hotel / Motel Occupancy Tax
<br />$ 675,129.41
<br />$ 640,000.00
<br />$ 35,129.41
<br />105.49%
<br />$ 640,000.00
<br />Hot Money Interest
<br />3,541.00
<br />0.00,
<br />3,541.00
<br />0.00%
<br />0.00
<br />Total Revenue
<br />678,670.4.1
<br />640,000.00
<br />_______38,670.41
<br />106.04%
<br />640,000.00
<br />Operating Expenses
<br />Utilities
<br />34.56
<br />0.00
<br />34.56
<br />0.00%
<br />0.00
<br />Training / Education
<br />130.00
<br />2,000.00
<br />(1,870.00)
<br />6.50%
<br />2,000.00
<br />Postage
<br />729.89
<br />1,500.00
<br />(770.11)
<br />48.66%
<br />1,500.00
<br />Mise Expenses
<br />313.21
<br />2,500.00
<br />(2,186.79)
<br />12.53 %
<br />2,500.00
<br />Insurance
<br />6.92
<br />0.00
<br />6.92
<br />0.00%
<br />0.00
<br />D & O Insurance
<br />1,435.33
<br />2,800.00
<br />(1,364.67)
<br />51.26 %
<br />2,800.00
<br />Worker's Comp
<br />707.33
<br />2,000.00
<br />(1,292.87)
<br />35.37%
<br />2,000.00
<br />Staff Ins./Retirement
<br />7,977.10
<br />10,000,00
<br />(2,022.90)
<br />79.77%
<br />10,000.00
<br />Meetings & Hosting
<br />1,301.74
<br />3,000.00
<br />(1,698.26)
<br />43.39%
<br />3,000.00
<br />Chamber Management
<br />40,000.00
<br />40,000.00
<br />0,00
<br />100.00%
<br />40,000.00
<br />Small Equipment
<br />0.00
<br />1,000.00
<br />(1,000.00)
<br />0.00%
<br />1,000.00
<br />Out of Town Travel
<br />1,406.12
<br />5,000.00
<br />(3,593.88)
<br />26.12%
<br />5,000.00
<br />Intown Auto/Exp Allowance
<br />2,400.00
<br />5,000.00
<br />(2,600.00)
<br />48.00%
<br />5,000.00
<br />Membership Dues/Sub.
<br />5,164.50
<br />4,000.00
<br />1,164.50
<br />129.11 %
<br />4,000.00
<br />Audit
<br />1,850.00
<br />2,000.00
<br />(150,00)
<br />92.50%
<br />2,000.00
<br />Bookkeeping
<br />5,187.16
<br />4,500.00
<br />687.16
<br />115.27%
<br />4,500.00
<br />Payroll Expenses
<br />78,371.42
<br />801000.00
<br />(1,628.58)
<br />97.96%
<br />80,000.00
<br />ABBS Wage Reimburement
<br />(1,632.56)
<br />0.00
<br />(1,632.56)
<br />0.00%
<br />0.00
<br />Payroll Tax Expense
<br />6,113.25
<br />6,120.00
<br />(6.75)
<br />99.89%
<br />6,120.00
<br />Office Expense
<br />709.94
<br />4,000.00
<br />(3,290.06)
<br />17.75%
<br />4,000.00
<br />Communications
<br />1,091.57
<br />3,000.00
<br />(1,908.43)
<br />36.39%
<br />3,000.00
<br />Furniture & Fixtures
<br />0.00
<br />1,000,00
<br />(1,000.00)
<br />0.00%
<br />1,000.00
<br />Historical Museum
<br />3,500.00
<br />3,500.00
<br />0,00
<br />100.00%
<br />3,500.00
<br />Bank Service Charge
<br />237.85
<br />500.00
<br />(262.15)
<br />47.57%
<br />500.00
<br />Credit Card Fee
<br />2,446.53
<br />2,500.00
<br />(53.47)
<br />97.86%
<br />2,500.00
<br />Motel Tax Transferred to LCC
<br />337,564.70
<br />320,000.00
<br />17,564.70
<br />105.49%
<br />320,000.00
<br />Marketing 1 Advertising
<br />66,969.06
<br />64,000.00
<br />2,969,06
<br />104.64%
<br />64,000.00
<br />Event Expenses
<br />92.83
<br />200.00
<br />(107.17)
<br />46.42%
<br />200.00
<br />Chaparral Square Dancers
<br />1,547.98
<br />500.00
<br />1,047.98
<br />309.60%
<br />500.00
<br />Paris Art & Wine Fast Exp
<br />1,500.00
<br />0.00
<br />1,500.00
<br />0.00%
<br />0,00
<br />Tour de Paris Exp
<br />32,347.23
<br />32,500.00
<br />(152.77)
<br />99.53%
<br />32,500.00
<br />Uncle Jessie's Exp
<br />1,250.00
<br />500.00
<br />750.00
<br />260.00%
<br />500.00
<br />Lamar Co Days in Austin Exp
<br />0.00
<br />4,500.00
<br />(4,500.00)
<br />0.00%
<br />4,500.00
<br />ASA
<br />37,862.35
<br />27,000.00
<br />10,862.35
<br />140.23%
<br />27,000.00
<br />SDBA Boat Races
<br />507.90
<br />7,500.00
<br />(6,992.10)
<br />6.77%
<br />7,500.00
<br />Events Promotion / Funding
<br />32,747.02
<br />33,000.00
<br />(252.98)
<br />99.23%
<br />33,000.00
<br />Arts Allocation
<br />7,000.00
<br />7,000,00
<br />0.00
<br />100.00%
<br />7,000.00
<br />Baseball Field Lighting
<br />11,855.86
<br />13,333.130
<br />(1,477.14)
<br />88.92%
<br />13,333.00
<br />Pump Track
<br />50,000.00
<br />50,000.00
<br />0.00
<br />100.00 %
<br />50,000.00
<br />Rent to COC
<br />12,000.00
<br />12,000.00
<br />0.0
<br />100.00%
<br />12 000.0000.
<br />Total Operating Expenses
<br />752,726.79
<br />757,953.00
<br />__&226.2j1
<br />99.31%
<br />757,953,00
<br />Operating Income (Loss)74�
<br />05, 6•�
<br />117,953.00
<br />43,896.62
<br />62.76 %
<br />117,953.00
<br />NOT -HOT INCOME
<br />Discounts & Allowances
<br />2.48
<br />2,000.00
<br />(1,997.52)
<br />0.12%
<br />2,000.00
<br />Trolley
<br />1,830.00
<br />5,000.00
<br />(3,170.00)
<br />36.60%
<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 />51,219.00
<br />45,000.00
<br />6,219.00
<br />113.82%
<br />45,000.00
<br />Souvenir Sales
<br />7,975.07
<br />12,000.DO
<br />(4,024.93)
<br />66.46%
<br />12,000.00
<br />Interest Income
<br />233.66
<br />150.00
<br />83.66
<br />�12,389.79t
<br />155.77%150.00
<br />..
<br />Total Not -Hat Income
<br />61,760.2.1
<br />64150.00 1.
<br />N
<br />9627%
<br />641150.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />630.00
<br />2,000.00
<br />(1,370.00)
<br />31.50 %
<br />2,000.00
<br />Trolley Expenses
<br />17,092.05
<br />6,000.00
<br />11,092.05
<br />284.87%
<br />6,000.00
<br />Trolley Insurance
<br />1,787.68
<br />2,100.00
<br />(312.32)
<br />85.13%
<br />2,100.00
<br />Souvenir Exp
<br />6,329.60
<br />5,000.00
<br />1,329.60
<br />126.59%
<br />5,000.00
<br />Misc NH Expense
<br />8„455.72
<br />0.00
<br />8„455.72
<br />0.00%
<br />0.00
<br />Total Not -Hot Expenses
<br />34,295.05
<br />15100.00
<br />-- 19,195.05
<br />227.12%
<br />15100.00
<br />Net Income (Loss)
<br />$46,691.22)
<br />$. (68,903.00)
<br />$ 22,311.78
<br />67.62 %
<br />$ 68,903.00
<br />Financial statement preparation service
<br />provided by Malnory, McNeal 8c Company PC, CPAs in accordance with professional
<br />standards issued
<br />by the AICPA, substantially all disclosures ordinarily included in
<br />financial statements prepared in accordance
<br />with the income tax basis of
<br />accounting are omitted and no assurance is provided
<br />
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