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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 3 Months Ended December 31, 2019
<br />3 Months Ended
<br />3 Months Ended
<br />Dec 31, 2019
<br />Dec 31, 2019
<br />Variance
<br />% of Budget 'Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel /Motel Occu $
<br />225,538.76
<br />$ 162,500.00
<br />$ 63,038.76
<br />138.79% $
<br />650,000.00
<br />Hot Money Interes
<br />84.34
<br />0.00
<br />84.34
<br />0.00%
<br />0.00
<br />Total Revenue
<br />225,623.10
<br />162,500.00
<br />63,123.10
<br />138.84%
<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 />Misc Expenses
<br />207.66
<br />210.00
<br />(2.34)
<br />98.89%
<br />2,500.00
<br />General Liability
<br />1,007.30
<br />0.00
<br />11007,30
<br />0.00%
<br />0.00
<br />D & O Insurance
<br />1,435.34
<br />11500.00
<br />(64.66)
<br />0.00%
<br />1,500.00
<br />Worker's Comp
<br />664.00
<br />600.00
<br />64.00
<br />0.00%
<br />2,000.00
<br />Staff Ins./Rotireme
<br />1,913.90
<br />2,124.00
<br />(210.10)
<br />90.11 %
<br />8,500.00
<br />Meetings & Hostip.
<br />97.72
<br />100.00
<br />(2.28)
<br />97.72%
<br />600.00
<br />Chamber Manager
<br />1.0,000.00
<br />10,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Small Equipment
<br />129.90
<br />0.00
<br />129.90
<br />0.00%
<br />0.00
<br />Out of Town Trave
<br />338.36
<br />350.00
<br />(11.64)
<br />96.67%
<br />2,000.00
<br />Intown Auto/Exp A
<br />600.00
<br />675.00
<br />(75.00)
<br />88.89%
<br />2,700.00
<br />Membership Dues,
<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 />1,401.66
<br />1,500.00
<br />(98.34)
<br />93.44%
<br />6,000.00
<br />Payroll Expenses
<br />21,285.18
<br />20,505.00
<br />780.18
<br />103.80%
<br />82,025.00
<br />Payroll Tax Expen!
<br />1,612.81
<br />1,614.00
<br />(1.19)
<br />99.93%
<br />6,450.00
<br />Office Expense
<br />565.69
<br />575.00
<br />(9.31)
<br />98.38%
<br />2,000.00
<br />Communications
<br />458.43
<br />501.00
<br />(42.57)
<br />91.50%
<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 Char
<br />22.38
<br />30.00
<br />(7.62)
<br />74.60%
<br />11000.00
<br />Credit Card Fee
<br />495.53
<br />501.50
<br />(5.97)
<br />98.81 %
<br />2,000.00
<br />Motel Tax Transfer
<br />112,769.38
<br />81,250.00
<br />31,519.38
<br />138.79%
<br />325,000.00
<br />Marketing / Advert
<br />7,647.67
<br />8,100.00
<br />(452.33)
<br />94.42%
<br />65,000.00
<br />Chaparral Square
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,100.00
<br />Tour de Paris Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />36,000.00
<br />ASA
<br />0.00
<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 />0.00%
<br />7,500.00
<br />Events Promotion
<br />10,876.50
<br />11,100.00
<br />(223.50)
<br />97.99%
<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 Ligt
<br />11,855.86
<br />11,855.86
<br />0.00
<br />100.00 %
<br />11,855.86
<br />Rent to COC
<br />3.000.00
<br />_ W. 3000.00
<br />0.00
<br />100.00 % _
<br />12 000.00
<br />Total Operating
<br />198,220.81
<br />163,951.36
<br />32,269.45 .,
<br />119.68%
<br />699,930.66
<br />Operating Incor
<br />29,402.29
<br />(1,451.36
<br />301853.65
<br />(2,025.84)% r (49,930.86)
<br />NOT -HOT INCOME
<br />Misc Income
<br />1.53
<br />2.00
<br />(0.47)
<br />76.50%
<br />1,000.00
<br />Trolley I Historical
<br />1,000.00
<br />1,000.00
<br />0.00
<br />100.00%
<br />5,000.00
<br />Tour de Paris Inca
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />49,000.00
<br />Souvenir Sales
<br />1,552.68
<br />2,502.00
<br />(949.12)
<br />62.07%
<br />10,000.00
<br />Interest Income
<br />83.70
<br />39.00
<br />44.70
<br />214.62%
<br />150.00
<br />Total Not -Hot In
<br />2,638.11
<br />3,643.00
<br />904.89'
<br />74.46%
<br />65,150.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />795.00
<br />825.00
<br />(30.00)
<br />96.36%
<br />1,800.00
<br />Trolley Expenses
<br />1,734.72
<br />1,700.00
<br />34.72
<br />102.04%
<br />6,000.00
<br />Trolley Insurance
<br />531.63
<br />525.00
<br />6.63
<br />101.26%
<br />2,100.00
<br />Souvenir Exp .....
<br />...., 1 489.64„
<br />1500.00
<br />(10.36)
<br />99.31 % w
<br />5000.00
<br />Total Not -Not E
<br />4,550.99
<br />4,550.00
<br />0.99,
<br />100.02%
<br />14„900.00
<br />Net Income (Lo: $
<br />27,489.41
<br />$ 2,4S1i,36
<br />$ 29,947.77
<br />1.118.20 % $
<br />319.14
<br />Financial statement preparation service provided by Malnory, WNW & 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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