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Love Civic Center
<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 />8 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 />Catering
<br />$ 0.00
<br />$ 0.00
<br />$ 0.00
<br />0.00%
<br />$ 750.00
<br />Motel Tax
<br />164,949.24
<br />182,000.00
<br />(17,050.76)
<br />90.63%
<br />325,000.00
<br />R.V. Hook Up
<br />4,300.13
<br />4,480.00
<br />(179.87)
<br />95.99%
<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 />71,913.13
<br />71,500.00
<br />413.13
<br />100.58%
<br />100,000.00
<br />Refunded Deposits
<br />(8,650.00)
<br />(8,400.00)
<br />(250.00)
<br />102.98%
<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 />31000.00
<br />Bicycle Rentals_
<br />........ 1,379.6725-0.
<br />____ 45,33
<br />96.82%
<br />4,000.00
<br />Total Revenue
<br />233,892.17
<br />251 005.00
<br />17,112.83
<br />93.18%
<br />434,450.00
<br />Gross Profit
<br />233892.17
<br />261,006.00______(17112.83
<br />93.18 %
<br />434,450.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />375.62
<br />252.00
<br />123.62
<br />149.06%
<br />500.00
<br />Communications
<br />2,254.15
<br />2,502.00
<br />(247.85)
<br />90.09%
<br />5,000.00
<br />Office Expense
<br />789.42
<br />600.00
<br />189.42
<br />131:57 %
<br />600.00
<br />Payroll Expenses
<br />48,863.61
<br />49,998.00
<br />(1,134.39)
<br />97.73%
<br />100,000.00
<br />Payroll Tax Expense
<br />3,736.60
<br />4.,002.00
<br />(265.40)
<br />93.37%
<br />8,000.00
<br />Marketing / Advertising
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,600.00
<br />Audit
<br />1,983.00
<br />2,200.00
<br />(217.00)
<br />90.14%
<br />2,200.00
<br />Bookkeeping
<br />2,630.01
<br />3,000.00
<br />(369.99)
<br />87.67%
<br />6,000.00
<br />Membership Dues/Sub
<br />324.00
<br />200.00
<br />124.00
<br />182.00%
<br />200.00
<br />Electricity
<br />14,192.46
<br />19,998.00
<br />(5,805.54)
<br />70.97%
<br />40,000.00
<br />Water
<br />1,795,23
<br />2,502.00
<br />(706.77)
<br />71.75%
<br />5,000.01)
<br />Gas
<br />2,459.72
<br />2,250.00
<br />209.72
<br />109.32%
<br />4,500.00
<br />Trash Disposal
<br />2,914.70
<br />2,628.00
<br />286.70
<br />110.91 %
<br />5,250.00
<br />Intown Auto Exp Allowance
<br />1,500.00
<br />1,500.00
<br />0.00
<br />100,00%
<br />3,000.00
<br />Small Equipment
<br />98.99
<br />100.00
<br />(1.01)
<br />98.99%
<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 />21,077.71
<br />20,700.00
<br />377.71
<br />101.82%
<br />99,000.00
<br />Security
<br />1,691.95
<br />520.00
<br />1,371.95
<br />363.84%
<br />1,250.00
<br />Staff Ins./Retirement
<br />4,080.67
<br />4,248.00
<br />(167.33)
<br />96.06%
<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 />61.14%
<br />5,000.00
<br />Workers Comp. Insurance
<br />664.00
<br />700.00
<br />(35.00)
<br />94.86%
<br />1,400.00
<br />Directors & Officers
<br />1,435.33
<br />2,000.00
<br />(564.67)
<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 />601.78
<br />940.00
<br />(338.22)
<br />64.02%
<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 />4,398.29
<br />51000.00
<br />(601.71)
<br />87.97%
<br />81500.00
<br />Supplies
<br />0.00
<br />150.00
<br />(150.00)
<br />0.00%
<br />3,000.00
<br />Furniture & Fixtures
<br />10.99
<br />0.00
<br />10.99
<br />0.00%
<br />0.00
<br />Bicycles & Related Expenses
<br />296.76
<br />340.00
<br />(43.24)
<br />87.28%
<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 />Cost of Issuance
<br />63,500.00
<br />0.00
<br />63,500.00
<br />0.00%
<br />0.00
<br />Cleaning
<br />30.42
<br />50.00
<br />____§0.84 %
<br />10,000.00
<br />Total Operating Expenses
<br />207j493.69
<br />154,380.00
<br />53,113.69
<br />134.40%
<br />410,210.00
<br />Operating` income (Loss)
<br />28,398.48
<br />96,625.00
<br />�(770�226.522)
<br />27.32 %
<br />24,240.00
<br />OTHER INCOME
<br />Interest Income
<br />601.67
<br />__.. w 174.00
<br />427.67
<br />345.79%
<br />w 350.00
<br />Total Other Income
<br />601.67
<br />174.00
<br />427.67
<br />345.79%
<br />350.00
<br />Net Income (Loss)
<br />27,000.16
<br />98,799.00
<br />(89,798.85)
<br />27.89 %
<br />24 590A0
<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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