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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 4 Months Ended January 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 />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 />Hotel / Motel Occupancy Tax
<br />$ 225,538.76
<br />$ 162,500.00
<br />$ 63,038.76
<br />138.79%
<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 />2
<br />16$500A0
<br />X123.10
<br />738.84 %
<br />650000.00
<br />Operating Expenses
<br />Postage
<br />1122.89
<br />160.00
<br />(37.11)
<br />76.61 %
<br />1,000.00
<br />Misc Expenses
<br />263.66
<br />310.00
<br />(46.34)
<br />85.05%
<br />2,500.00
<br />D & O Insurance
<br />1,435.34
<br />1,500.00
<br />(64.66)
<br />05.69%
<br />1,500.00
<br />Workers Comp
<br />664.00
<br />600.00
<br />64.00
<br />110.67%
<br />2,000.00
<br />Staff Ins./Retirement
<br />2,638.26
<br />2,832.00
<br />(193.74)
<br />93.16%
<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 />10,000.00
<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 Travel
<br />498.24
<br />550.00
<br />(51.76)
<br />90.59%
<br />2,000.00
<br />Intown Auto/Exp Allowance
<br />800.00
<br />900.00
<br />(100.00)
<br />88,89%
<br />2,700.00
<br />Membership Dues/Sub.
<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 />1,751.66
<br />2,000.00
<br />(248.34)
<br />87.58%
<br />6,000.00
<br />Payroll Expenses
<br />28,075.94
<br />27,340.00
<br />735.94
<br />102.69%
<br />82,025.00
<br />ABBS Wage Reimburement
<br />(1,632.56)
<br />0.00
<br />(1,632.50)
<br />0,00%
<br />0.00
<br />Payroll Tax Expense
<br />2,191.93
<br />2,152.00
<br />39.93
<br />101.86%
<br />6,450.00
<br />Office Expense
<br />871.75
<br />875.00
<br />(3.25)
<br />99.83%
<br />2,000.00
<br />Communications
<br />518.43
<br />668.00
<br />(149.57)
<br />77.61 %
<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 Charge
<br />29.84
<br />40.00
<br />(10.16)
<br />74.60%
<br />1,000.00
<br />Credit Card Fee
<br />611,07
<br />668.00
<br />(56.93)
<br />91.48%
<br />2,000.00
<br />Motel Tax Transferred to LCC
<br />112,769.38
<br />110,000.00
<br />2,769.38
<br />102.52%
<br />325,000.00
<br />Marketing / Advertising
<br />8,719.35
<br />9110.0.00
<br />(380.65)
<br />95.82%
<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 />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />30,000.00
<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 / Funding
<br />11,814.00
<br />12,100.00
<br />(286.00)
<br />97.64%
<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 toWC
<br />_....www_ 4 000_00
<br />45000.00
<br />0.00
<br />100.00%
<br />_ 12.000.00
<br />Total Operating Expenses
<br />_____2061001.66
<br />205,550.86
<br />450.80
<br />_ _ 100.22%
<br />699,930.86
<br />Operating Income Loss
<br />(Loss)
<br />19 621 A4
<br />_. ('43,060.86
<br />62,672.30
<br />7......0
<br />45 6)%
<br />(49„93{1.86)
<br />NOT -HOT INCOME
<br />Misc Income
<br />2.16
<br />2.00
<br />0.16
<br />108.00%
<br />1,000.00
<br />Trolley / Historical
<br />2,425.00
<br />2,500.00
<br />(75.00)
<br />97.00%
<br />5,000.00
<br />Tour de Paris Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />49,000.00
<br />Souvenir Sales
<br />1,886.32
<br />3,336.00
<br />(1,449.68)
<br />56.54%
<br />10,000.00
<br />Interest Income
<br />110.93
<br />52.00
<br />58.93
<br />213.33%
<br />150.00
<br />Total Not -Hot Income
<br />4424.41
<br />-5,890.00
<br />��1,465.69�
<br />75.12%
<br />65150.00
<br />,
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />870.00
<br />900.00
<br />(30.00)
<br />96.67%
<br />1,800.00
<br />Trolley Expenses
<br />2,020.87
<br />2,000.00
<br />20.87
<br />101.04%
<br />6,000.00
<br />Trolley Insurance
<br />707.45
<br />700.00
<br />7.45
<br />101.06%
<br />2,100.00
<br />Souvenir Exp
<br />11111111111"...°
<br />,�
<br />,5 .00
<br />(10 .36
<br />99.31 %
<br />6,000. 00
<br />Total Not -Hot Expenses
<br />5„087.96
<br />6,100.00
<br />`12.04
<br />99.76%L
<br />„900.00
<br />Net Income (Loss)
<br />$ 18,957.89
<br />$ (42,260.85)
<br />$ 6_1,218.75
<br />44.86 %
<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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