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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 4 Months Ended January 31, 2020
<br />Financial statement prcpmTdon 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 />4 Months Ended
<br />4 Months Ended
<br />Jan 31, 2020.
<br />Jan 31, 2020
<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 />1,633.27
<br />1,480.00
<br />153.27
<br />110.36%
<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 />42,030.18
<br />41,500.00
<br />530.18
<br />101.25%
<br />100,000.00
<br />Refunded Deposits
<br />(5,460.00)
<br />(5,200.00)
<br />(250.00)
<br />104.81 %
<br />(11,000.00)
<br />Booth Rental
<br />0.00
<br />0.00
<br />0.00
<br />0.OD %
<br />400.00
<br />Tower Lighting
<br />O.Od
<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 />969.87
<br />975.00
<br />�5.13m
<br />99.47 %4,000.00
<br />Total Revenue151,952.70
<br />M,
<br />148 755.00
<br />r
<br />3197.70
<br />_ 102.15%
<br />434,450.00
<br />Gross Profit
<br />151 952.70
<br />148 755.00
<br />3,197.70
<br />102.15-%
<br />434,450.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />351.36
<br />168.00
<br />183.36
<br />209.14%
<br />.500.00
<br />Communications
<br />1,645.37
<br />1,668.00
<br />(22.63)
<br />98.64%
<br />5,000.0D
<br />Office Expense
<br />588.23
<br />550.00
<br />38.23
<br />106.95%
<br />600.00
<br />Payroll Expenses
<br />33,104.37
<br />33,332.00
<br />(227.63)
<br />99.32%
<br />100,000.00
<br />Payroll Tax Expense
<br />2,532.47
<br />2,668.00
<br />(135.53)
<br />94.92%
<br />8,000.00
<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 />2,200.00
<br />Bookkeeping
<br />1,751.68
<br />2,000.00
<br />(248.32)
<br />87.58%
<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 />10,048.32
<br />13,332.00
<br />(3,283.68)
<br />75.37%
<br />40,000.00
<br />Water
<br />1,451.39
<br />1,666.00
<br />(216.61)
<br />87.01 %
<br />51000.00
<br />Gas
<br />1,634.66
<br />1,500.00
<br />134.66
<br />108.98%
<br />4,500.00
<br />Trash Disposal
<br />2,024.80
<br />1,752.00
<br />272.80
<br />115.57%
<br />5,250.00
<br />Intown Auto Exp Allowance
<br />1,000.00
<br />1,000.00
<br />0.00
<br />100.00%
<br />3,000.00
<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 />13,238.74
<br />12,700.00
<br />538.74
<br />104.24%
<br />99,000.00
<br />Security
<br />235.80
<br />416.00
<br />(1.80.20)
<br />56.68%
<br />1,250.00
<br />Staff InsJRetirement
<br />2,540.52
<br />2,832.00
<br />(291.48)
<br />89.71 %
<br />8,500.00
<br />Building Insurance
<br />4,521.23
<br />5.000.00
<br />(478.77)
<br />90.42%
<br />5,000.00
<br />General Liability
<br />3,067.05
<br />5,000.00
<br />(1,932.95)
<br />61.34%
<br />5,000.00
<br />Workers Comp. Insurance
<br />654.00
<br />700.00
<br />(36.00)
<br />94.86%
<br />1,400.00
<br />Directors & Officers
<br />1,435.33
<br />2,000.00
<br />(664.87)
<br />71.77%
<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 />523.09
<br />780.00
<br />(256.91)
<br />67.08%
<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 />3,815.79
<br />3,800.00
<br />15.79
<br />100.42%
<br />8,500.00
<br />Supplies
<br />0.00
<br />150.00
<br />(150.00)
<br />0.00%
<br />31000.00
<br />Bicycles $ Related Expenses
<br />32.90
<br />40.00
<br />(7.10)
<br />82.25%
<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 />w „ m 30.42
<br />50.00
<br />19.58
<br />_ 60.84%
<br />mm w 10 000.00
<br />Total Operating Expenses
<br />104,393.52
<br />1111306.00
<br />j8„912.48
<br />_ 93.79 %
<br />w 410,210.00
<br />Operating Income Loss
<br />(Loss)
<br />37,4.49.00
<br />9.00
<br />10110.16
<br />127.00%
<br />24 240.00
<br />OTHER INCOME
<br />Interest Income
<br />5 . 4
<br />116.00
<br />393.34
<br />.350.00
<br />_ ...._439.09 °�6
<br />Total Other Income
<br />509.34
<br />116.00
<br />393.34
<br />439.09 %
<br />.......
<br />350.00
<br />Net Income (Loss)
<br />48„068.52
<br />37,565.00
<br />10,503.52
<br />127.96%
<br />24 590.00
<br />Financial statement prcpmTdon 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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