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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 3 Months Ended December 31, 2019
<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 />3 Months Ended
<br />3 Months Ended
<br />Dec 31, 2019
<br />Dec 31, 2019
<br />Variance
<br />% of. Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Catering
<br />$ 0.00
<br />$ 0.00
<br />$ 0.00
<br />0.00%
<br />$ 750.00
<br />Motel Tax
<br />112,769.38
<br />110,000.00
<br />2,769.38
<br />102.52%
<br />325,000.00
<br />R.V. Hook Up
<br />1,493.27
<br />1,330.00
<br />163.27
<br />112.28%
<br />10,000.00
<br />Misc Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,800.00
<br />Rent
<br />25,930.31
<br />25,500.00
<br />430.31
<br />101.69%
<br />100,000.00
<br />Refunded Deposits
<br />(3,250.00)
<br />(3,200.00)
<br />(50.00)
<br />101.58%
<br />(11,000.00)
<br />Booth Rental
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />400.00
<br />Tower Lighting
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />500.00
<br />Craft Expo Inc.
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,000.00
<br />Bicycle Rentals
<br />_ 783.94
<br />775.00
<br />_ 8.94
<br />101.15%
<br />4,000.00
<br />Total Revenue
<br />137 726.90
<br />134,405.00
<br />102.47%
<br />434,450.00
<br />Gross Profit
<br />7,726.80,
<br />� 134,4 05.00
<br />3,321.90
<br />102.47 %
<br />434„450.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />289.64
<br />126.00
<br />163.64
<br />229.87%
<br />500.00
<br />Communications
<br />1,334.94
<br />1,251.00
<br />83.94
<br />106.71 °%
<br />5,000.00
<br />Office Expense
<br />588.23
<br />550.00
<br />38.23
<br />106.95%
<br />600.00
<br />Payroll Expenses
<br />25,470.86
<br />24,999.00
<br />471.86
<br />101,89%
<br />100,000.00
<br />Payroll Tax Expense
<br />1,937.22
<br />2,001.00
<br />(63.78)
<br />96.81 °%
<br />81000.00
<br />Marketing / Advertising
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,000.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,260.00
<br />Bookkeeping
<br />1,401.68
<br />1,500.00
<br />(98.32)
<br />93.45%
<br />6,000.00
<br />Membership Dues/Sub
<br />156.00
<br />200.00
<br />(44.00)
<br />78.00%
<br />200.00
<br />Electricity
<br />7,720.94
<br />9,999.00
<br />(2,278.06)
<br />77.22%
<br />40,000.00
<br />Water
<br />1,279.47
<br />1,251.00
<br />28.47
<br />102.28%
<br />5,000.00
<br />Gas
<br />983.15
<br />1,125.00
<br />(141.85)
<br />87.39%
<br />4,500.00
<br />Trash Disposal
<br />1,334.85
<br />1,314.00
<br />20.65
<br />101.59%
<br />5,250.00
<br />Intown Auto Exp Allowance
<br />750.00
<br />750.00
<br />0.00
<br />100.00%
<br />3,000.Ob
<br />Small Equipment
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,000.00
<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 />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Building Maint./Spls.
<br />9,690.42
<br />9,700.00
<br />(9.58)
<br />99.90%
<br />99,000.00
<br />Security
<br />176.85
<br />312.00
<br />(135.15)
<br />56.68%
<br />1,250.00
<br />Staff Ins./Retirement
<br />1,901.11
<br />2,124.00
<br />(222.89)
<br />69.51 %
<br />8,500.00
<br />Building Insurance
<br />4,521.23
<br />5,000.00
<br />(478.77)
<br />00.42%
<br />5,000.00
<br />General Liability
<br />4,074.35
<br />5,000.00
<br />(925.65)
<br />81.49 %
<br />5,000.00
<br />Workers Comp. Insurance
<br />664.00
<br />700.00
<br />(36.00)
<br />0.00%
<br />1,400.00
<br />Directors & Officers
<br />1,435.33
<br />2,000.00
<br />(564.67)
<br />0.00%
<br />2,000.00
<br />Long Term Disability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />210.00
<br />Misc Expenses
<br />398.94
<br />700.00
<br />(301.06)
<br />56.99%
<br />1,400.00
<br />Interest Expense
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,500.00
<br />Ground Maintenance
<br />3,233.29
<br />3,200.00
<br />33.29
<br />101.04%
<br />8,500.00
<br />Supplies
<br />489.35
<br />150.00
<br />339.35
<br />326.23%
<br />3,000.00
<br />Bicycles & Related Expenses
<br />6.92
<br />10.00
<br />(3.08)
<br />69.20%
<br />1,500.00
<br />Catering Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,700.00
<br />Capital Improvements
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />50,000.00
<br />Cleaning
<br />O.DO
<br />0.00„
<br />0.00
<br />0.00%
<br />10.000.00
<br />Total Operating Expenses
<br />87,838.77
<br />81,962.00
<br />4,123.23
<br />95.52%
<br />410,210.00
<br />Operating Income Loss
<br />(Loss)
<br />88.3
<br />42,443.00
<br />7,445.13.,
<br />117.64%
<br />24,240.00
<br />OTHER INCOME
<br />Interest Income
<br />... 256.17
<br />87.00
<br />169.17
<br />294.45%
<br />350.00
<br />Total Other Income
<br />266.17
<br />87.00
<br />169.17
<br />_ 294.46%
<br />350.00
<br />Not Income (Loss)
<br />50,144.30
<br />42 53000
<br />7,614.30
<br />117.90%
<br />24,590.00
<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
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