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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 2 Months Ended November 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 />2 Months Ended
<br />2 Months Ended
<br />Nov 30, 2019
<br />Nov 30, 2019
<br />variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax,
<br />$ 225,538.76
<br />$ 162 00.00S
<br />63 030.76
<br />138.79% $..,.,_
<br />650000.00
<br />Total Revenue
<br />226,538.76
<br />162,50D.00
<br />63,038.76
<br />138.79%
<br />650,000.00
<br />Operating Expenses
<br />Postage
<br />60.54
<br />60.00
<br />0.54
<br />100.90%
<br />1,000.00
<br />Mfsc Expenses
<br />7.66
<br />10.00
<br />(2.34)
<br />76.60%
<br />2,500.00
<br />D & O Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,500.00
<br />Worker's Comp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Staff Ins./Retirement
<br />847.96
<br />1,416.00
<br />(568.04)
<br />59.88%
<br />8,500.00
<br />Meetings & Hosting
<br />66.19
<br />50.00
<br />16.19
<br />132.38%
<br />600.00
<br />Chamber Management
<br />10,000.00
<br />10,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Out of Town Travel
<br />90.74
<br />100.00
<br />(9.26)
<br />90.74%
<br />2,000.00
<br />Intown Auto/Exp Allowance
<br />400.00
<br />450.00
<br />(50.00)
<br />88.89%
<br />2,700.00
<br />Membership Dues/Sub.
<br />775.00
<br />800.00
<br />(25.00)
<br />96.88%
<br />5,500.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,200.00
<br />Bookkeeping
<br />938.33
<br />1,000.00
<br />(61.67)
<br />93.83%
<br />6,000.00
<br />Payroll Expenses
<br />13,319.76
<br />13,670.00
<br />(350.24)
<br />97.44%
<br />62,025.00
<br />Payroll Tax Expense
<br />1,008.62
<br />1,076.00
<br />(67.38)
<br />93.74%
<br />6,450.00
<br />Office Expense
<br />341.45
<br />350.00
<br />(8.55)
<br />97.66%
<br />2,000.00
<br />Communications
<br />301.58
<br />334.00
<br />(32.42)
<br />90.29%
<br />2,000.00
<br />Historical Museum
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,500.00
<br />Bank Service Charge
<br />14,92
<br />20.00
<br />(5.08)
<br />74.60%
<br />1,000.00
<br />Credit Card Fee
<br />359.85
<br />335.00
<br />24.85
<br />107.42%
<br />2,000.00
<br />Motel Tax Transferred to LCC
<br />112,769.38
<br />81,250.00
<br />31,519.38
<br />136.79%
<br />325,000.00
<br />Marketing / Advertising
<br />7,242.16
<br />7,400.00
<br />(157.84)
<br />97.87%
<br />65,000.00
<br />Chaparral Square Dancers
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,100.00
<br />Tour de Pads Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />30,000.00
<br />ASA
<br />040
<br />0.00
<br />0.00
<br />0.00%
<br />27,000.00
<br />SDBA Boat Races
<br />0.00
<br />0.00
<br />0.00
<br />0.D0 %
<br />7,500.00
<br />Events Promotion / Funding
<br />9,724.00
<br />10,1 D0.00
<br />(376.00)
<br />96.28%
<br />39,000.00
<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 />11,855.86
<br />0.00
<br />100.00%
<br />11,855.86
<br />Rent to COC
<br />2,00100
<br />2,000.00,
<br />0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />179,124.00
<br />149,276.86
<br />29,847.14
<br />119.99%
<br />699,930.86
<br />Operating Income (Loss)46,414.76
<br />13L223.14
<br />33,191.62
<br />351.01 % (49,930.86')
<br />NOT -HOT INCOME
<br />Mlsc Income
<br />1.53
<br />2.00
<br />(0.47)
<br />76.50%
<br />1,000.00
<br />Trolley/ Historical
<br />550.00
<br />500.00
<br />50.00
<br />110.00%
<br />5,000.00
<br />Tour de Paris Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />49,000.00
<br />Souvenir Sales
<br />1,379.37
<br />1,668.00
<br />(288.63)
<br />82.70%
<br />10,000.00
<br />Interest Income
<br />54.01
<br />26.00.
<br />28.01
<br />207.73%
<br />150.00
<br />Total Not -Hot Income
<br />1,984.91
<br />2,196.00
<br />_ (211.09)
<br />90.39%
<br />65150.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />255.00
<br />275.00
<br />(20.00)
<br />92.73%
<br />1,800.00
<br />Trolley Expenses
<br />1,634.72
<br />1,600.00
<br />34.72
<br />102.17%
<br />6,000.00
<br />Trolley insurance
<br />355.81
<br />350.00
<br />5.81
<br />101.66%
<br />2,100.00
<br />Souvenir Exp
<br />1,489.64
<br />1 500.00
<br />______(1036)
<br />99.31 %_
<br />5,000.00
<br />Total Not -Hot Expenses
<br />��
<br />3.726.00
<br />10.17
<br />7
<br />100.27 % .
<br />14 90000
<br />Net Income (Loss)
<br />$ 44 664.50
<br />$ 11,694.14
<br />$_____A&970.36 970.36
<br />381.94% $
<br />319.14
<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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