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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Data
<br />Modified Cash Basis
<br />For the 5 Months Ended February 29, 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 />5 Months Ended
<br />5 Months Ended
<br />Feb 29, 2020
<br />Feb 29, 2020
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 329,898.48
<br />$ 325,000.00
<br />$ 4,898.48
<br />0.00% $
<br />650,000.00
<br />Hot Money Interest
<br />'84.34
<br />0.00
<br />84.34
<br />0.,0"0.%
<br />0.00
<br />Total Revenue
<br />329,982.82
<br />325,000.00
<br />4,982.82
<br />0.00%650,000.00
<br />Operating Expenses
<br />Postage
<br />213.71
<br />260.00
<br />(46.29)
<br />82.20%
<br />1,000.00
<br />Misc Expenses
<br />322.62
<br />410.00
<br />(87.38)
<br />78.69%
<br />2,500.00
<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 />84.00-
<br />110.67%
<br />2,000.00
<br />Staff Ins./Retirement
<br />3,169.31
<br />3,540.00
<br />(370.69)
<br />89.53%
<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 />6D8.33
<br />700.00
<br />(91.67)
<br />88.90%
<br />2,000.00
<br />Intown Auto/Exp Allowance
<br />1,000.00
<br />1,125.00
<br />(125.00)
<br />88.89%
<br />2,700.00
<br />Membership Dues/Sub.
<br />675.00
<br />800.00
<br />(125.00)
<br />84.38%
<br />5,500.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.D0 %
<br />2,200.00
<br />Bookkeeping
<br />2,216.66
<br />2,500.00
<br />(283.34)
<br />88-57%
<br />6,000.00
<br />Payroll Expenses
<br />34,474.06
<br />34,175.00
<br />299.06
<br />100.88%
<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 Expense
<br />2,727.29
<br />2,690.00
<br />37.29
<br />101.39%
<br />6,450.00
<br />Office Expense
<br />1,195.94
<br />11020.00
<br />175.94
<br />117.25%
<br />2,000.00
<br />Communications
<br />518.43
<br />835.00
<br />(315.57)
<br />62.09%
<br />2,000.00
<br />Historical Museum
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,600.00
<br />Bank Service Charge
<br />37.30
<br />160.00
<br />(122.70)
<br />23.31 %
<br />11000.00
<br />Credit Card Fee
<br />736.58
<br />834.50
<br />(97,92)
<br />88.27%
<br />2,000.00
<br />Motel Tax Transferred to LCC
<br />164,949.24
<br />182,000.01)
<br />(17,050.76)
<br />90.63%
<br />325,000.00
<br />Marketing / Advertising
<br />12,213.22
<br />12,600.00
<br />. (386.78)
<br />96.93%
<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 Paris Exp
<br />1,079.08
<br />1,000.00
<br />79.08
<br />107.91 %.
<br />30,000.00
<br />ASA
<br />208.00
<br />200.00
<br />8.00
<br />104.00%
<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/ Fuhding
<br />12,926.50
<br />13,300.00
<br />(373.50)
<br />97.19%
<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 />11,855.88
<br />0.00
<br />100.00%
<br />11,855.86
<br />Rent to COC
<br />_ 5„000.00
<br />5„000.00
<br />0.00
<br />100.00 %
<br />12,000.00
<br />Total Operating Expenses
<br />283 821.53
<br />304 205.36
<br />(20,383.83)
<br />93.30%
<br />699,930.86
<br />Operating Income (Loss)
<br />46.161.29
<br />20 794.64
<br />26 366.66
<br />- 221.99% (49,930.861
<br />NOT -HOT INCOME
<br />Misc Income
<br />96.16
<br />62.00
<br />34.16
<br />166.10%
<br />1,000.00
<br />Trolley / Historical
<br />2,875.00
<br />2,900.00
<br />(25.00)
<br />99.14%
<br />5,000.00
<br />Tour de Paris Income
<br />100.00
<br />100.00
<br />0.00
<br />0.00%
<br />49,000.00
<br />Souvenir Sales
<br />3,104.49
<br />4,169.00
<br />(1,064.51)
<br />74.47%
<br />10,000.00
<br />Interest Income
<br />135.72
<br />655.00
<br />.y�
<br />70.72
<br />� w� , �
<br />208.80 % .�_
<br />150.00
<br />Total Not -Hot Income
<br />6,311.37
<br />7 296.00
<br />_... X98¢,63)
<br />86.60%
<br />55,150.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />1,060.00
<br />1,100.00
<br />(40.00)
<br />96.36%
<br />11800.00
<br />Trolley Expenses
<br />2,265.87
<br />2,300.00
<br />(34.13)
<br />98.52%
<br />6,000.00
<br />Trolley Insurance
<br />883.27
<br />875.00
<br />8.27
<br />100.96%
<br />2,100.00
<br />Souvenir Exp
<br />2039.64
<br />a 2.700.00
<br />@6@.381
<br />75.64%
<br />5.000.00„
<br />Total Not -Hot Expenses
<br />6,248.78
<br />6,975.007(
<br />26.22)
<br />89-59%
<br />14,800.00
<br />Net Income (Loss)
<br />$ 46,223.86
<br />$ 21,115.64
<br />$ 25108.24
<br />218.91 % $
<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
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