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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 6 Months Ended March 31, 2020
<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 />6 Months Ended
<br />6 Months Ended
<br />Mar 31, 2020
<br />Mar 31, 2020
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 329,898.48
<br />$ 325,0013.00
<br />$ 4,896.48
<br />101.51 % $
<br />650,000.00
<br />Hot Money Interest
<br />84.34
<br />0.00,
<br />84.34...
<br />0.00%
<br />0.00
<br />Total Revenue
<br />.__329y982.82 329u982.82
<br />325,000.00
<br />4,982.82
<br />_ 101.63%
<br />650,000.00
<br />Operating Expenses
<br />Postage
<br />345.76
<br />360.00
<br />(14.24)
<br />96.04%
<br />1,000.00
<br />Misc Expenses
<br />680.62
<br />410.00
<br />270.62
<br />166.00%
<br />2,500.00
<br />General Liability
<br />1,494.00
<br />0.00
<br />1,494.00
<br />0.00%
<br />0.00
<br />D & O Insurance
<br />1,435.34
<br />1,500.00
<br />(64.66)
<br />95.69%
<br />1,500:00
<br />Worker's Comp
<br />664.00
<br />600.00
<br />64.00
<br />110.67%
<br />2,000.00
<br />Staff Ins./Retirement
<br />4,363.29
<br />4,248.00
<br />115.29
<br />102.71 %
<br />8,500.00
<br />Meetings & Hosting
<br />97.72
<br />100.00
<br />(2,28)
<br />97.72%
<br />600.00
<br />Chamber Management
<br />20,000.00
<br />20,000.00
<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 Travel
<br />839AS
<br />950.00
<br />(110.54)
<br />88.36%
<br />2,000.00
<br />IntownAuto/ExpAllowance
<br />1,200.00
<br />1,3513.00
<br />(150.00)
<br />88.89%
<br />2,700.00
<br />Membership Dues/Sub.
<br />1,000.00
<br />1,200.00
<br />(200.00)
<br />83.33%
<br />5,500.00
<br />Audit
<br />1,983.00
<br />2,200.00
<br />(217.00)
<br />90.14%
<br />2,200.00
<br />Bookkeeping
<br />2,629.99
<br />3,000.00
<br />(370.01)
<br />87.67%
<br />6,000.00
<br />Payroll Expenses
<br />41,133.94
<br />41,010.00
<br />123,94
<br />100.30%
<br />82,025.00
<br />ABBS Wage Reimburement
<br />(1,632.56)
<br />0.00
<br />(1,632.56)
<br />0.00%
<br />0.00
<br />Payroll Tax E=xpense
<br />3,254.03
<br />3,228.00
<br />26.03
<br />100.81 %
<br />6,450.00
<br />Office Expense
<br />1,403.53
<br />11160.00
<br />243.63
<br />121.00%
<br />2,000.00
<br />Communications
<br />729.35
<br />1,062.00
<br />(272.65)
<br />72.79%
<br />2,000.00
<br />Historical Museum
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />31500.00
<br />Bank Service Charge
<br />44.76
<br />280.00
<br />(235.24)
<br />15.99%
<br />1,000.00
<br />Credit Card Fee
<br />830.22
<br />1,001.00
<br />(170.78)
<br />82.94%
<br />2,000.00
<br />Motel Tax Transferred to LCC
<br />164,949.24
<br />182,000.00
<br />(17,050.76)
<br />90.63%
<br />325,000.00
<br />Marketing / Advertising
<br />20,152.51
<br />12,600.00
<br />7,552.51
<br />159.94%
<br />85,OOD.00
<br />Chaparral Square Dancers
<br />0.00
<br />2,100.00
<br />(2,100.00)
<br />0.00%
<br />2,100.00
<br />Tour de Paris Exp
<br />1,118.05
<br />1,000.00
<br />118,05
<br />111.81 °%
<br />30,000.00
<br />ASA
<br />208.00
<br />200.00
<br />8.00
<br />104.00%
<br />27,600.00
<br />SDBA Boat Races
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,500.00
<br />Events Promotion /Funding
<br />16,543.00
<br />17,300.00
<br />(657.00)
<br />96:20 %
<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 />6,000 00
<br />6,000.00
<br />IT -_0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />p g p
<br />,55 .
<br />,654.86
<br />(13,101.76)
<br />95.95%
<br />699,930.86
<br />Operating Income (Loss)„19.429.71
<br />1,345.14
<br />18,084.57
<br />X444.44 %
<br />930.86
<br />NOT -HOT INCOME
<br />Misc Income
<br />2,096.16
<br />262.00
<br />1,834.16
<br />800.06%
<br />1,000.00
<br />Trolley / Historical
<br />2,875.00
<br />3,200.00
<br />(325.00)
<br />89.84%
<br />5,000.00
<br />Refunds
<br />(375.00)
<br />0.00
<br />(375.00)
<br />0.00%
<br />0.00
<br />Tour de Paris Income
<br />760.00
<br />100.00
<br />660.00
<br />760.00%
<br />49,006.00
<br />Souvenir Sales
<br />3,203.84
<br />5,002.00
<br />(1,798.16)
<br />64.05%
<br />10,000.00
<br />Interest Income
<br />_ _ 163.97
<br />� .-... 78.00
<br />..._......... 85.97
<br />210.22% _
<br />150.00
<br />Total Not -Hot Income
<br />_ _ B,723.97
<br />8,642.00
<br />61.97
<br />100.95%
<br />66,160.00
<br />NOT -HOT EXPENSES
<br />Not -Hot Events
<br />1,000.00
<br />0.00
<br />1,000.00
<br />0.00%
<br />0.00
<br />Trolley Driver
<br />1,120.00
<br />1,200.00
<br />(80.00)
<br />93.33%
<br />1,800.00
<br />Trolley Expenses
<br />2,265.87
<br />2,900.00
<br />(634.13)
<br />78.13%
<br />6,000.00
<br />Trolley Insurance
<br />1,059.D9
<br />1,050.00
<br />9.09
<br />100.87%
<br />2,100.00
<br />Souvenir Exp
<br />2,427.24
<br />„ 3g1OD.00
<br />672m761
<br />78.30%
<br />_5 000.00
<br />Total Not -Hot Expenses
<br />P_
<br />7872.20
<br />��
<br />Be26000
<br />(377.80
<br />95.02 %
<br />14.900.00
<br />Net Income(Loss)
<br />( Loss
<br />$ 20 281 A8
<br />. �
<br />$ 1787.14
<br />$ 111 544 34
<br />1,167.52% $
<br />919.14
<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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