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Love Civic Center
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the 7 Month Ended February 29, 2020 and 2019 and 5 Months Ended February 28, 2019
<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 />1 Month Ended
<br />1 Month Ended
<br />1 Month Ended
<br />5 Months Ended
<br />Feb 29, 2020
<br />Feb 29, 2020
<br />Feb 28, 2019
<br />Feb 28, 2019
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Motel Tax
<br />$ 52,179.86
<br />$ 72,000.00
<br />$ 71,144.78
<br />$ 165,382.91
<br />R.V. Hook Up
<br />1,015.70
<br />1,000.00
<br />140.00
<br />1,032.93
<br />Rent
<br />19,857.95
<br />20,000.00
<br />22,780.70
<br />70,299.15
<br />Refunded Deposits
<br />(600.00)
<br />(600.00)
<br />(1,600.00)
<br />(6,300.00)
<br />Craft Expo Inc.
<br />0.00
<br />0.00
<br />575.00
<br />575.00
<br />Bicycle Rentals
<br />171.15
<br />200`00
<br />_ITITITITITITITITITITITIT136.79„
<br />_ _ I 054.48
<br />Total Revenue
<br />72,624.66
<br />92 600.00
<br />93,177.27
<br />232,044A7
<br />Operating Expenses
<br />Bank Service Charge
<br />11.20
<br />42.00
<br />40.73
<br />170.24
<br />Communications
<br />250.40
<br />417.00
<br />277.94
<br />1,651.57
<br />Office Expense
<br />108.24
<br />50.00
<br />150.38
<br />570.01
<br />Payroll Expenses
<br />7,914.98
<br />8,333.00
<br />7,471.34
<br />38,894.37
<br />Payroll Tax Expense
<br />622.86
<br />667.00
<br />582.04
<br />2,978.64
<br />Marketing /Advertising
<br />0.00
<br />0.00
<br />200.00
<br />400.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />1,850.00
<br />Bookkeeping
<br />465.00
<br />500.00
<br />478.34
<br />2,533.85
<br />Membership Dues/Sub
<br />0.00
<br />0.00
<br />0.00
<br />156.00
<br />Electricity
<br />2,042.64
<br />3,333.DD
<br />1,945.07
<br />11,789.21
<br />Water
<br />171.92
<br />417.00
<br />175.05
<br />2,103.91
<br />Gas
<br />481.04
<br />375.00
<br />1,048.40
<br />2,849.97
<br />Trash Disposal
<br />444.95
<br />438.00
<br />405.21
<br />2,025.05
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />250.00
<br />1,250.00
<br />Small Equipment
<br />98.99
<br />100.00
<br />0.00
<br />556.84
<br />Contracted Services
<br />0.00
<br />0.00
<br />0.00
<br />180.00
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />18,000.00
<br />Eiffel Tower Lighting/Maint
<br />0.00
<br />0.00
<br />250.20
<br />250.20
<br />Building Maint./Spls.
<br />4,630.81
<br />5,000.00
<br />3,676.31
<br />18,661.77
<br />Security
<br />58.95
<br />104.00
<br />58.95
<br />294.75
<br />Staff Ins./Retirement
<br />531.90
<br />708.00
<br />622.93
<br />3,302.84
<br />Building Insurance
<br />0.00
<br />0.00
<br />0.00
<br />4,277.09
<br />General Liabil'dy
<br />0.00
<br />0.00
<br />0.00
<br />2,880.15
<br />Workers Comp. Insurance
<br />0.00
<br />0.00
<br />0.00
<br />707.34
<br />Directors & Officers
<br />0.00
<br />0.00
<br />0.00
<br />1,435.34
<br />Mlsc Expenses
<br />78.69
<br />80.00
<br />0.00
<br />373.47
<br />Interest Expense
<br />0.00
<br />0.00
<br />1,462.34
<br />3,072.23
<br />Ground Maintenance
<br />582.50
<br />600.00
<br />582.50
<br />3,495.00
<br />Supplies
<br />0.00
<br />0.00
<br />660.79
<br />1,800.13
<br />Furniture &Fixtures
<br />10.99
<br />0.00
<br />0.00
<br />0.00
<br />Bicycles & Related Expenses
<br />263.86
<br />300.00
<br />7.82
<br />51.55
<br />Cost of Issuance
<br />63,500.00
<br />0.00
<br />0.00
<br />0.00
<br />Cleaning0.00
<br />.....................................�8r00
<br />.._0.00
<br />........�...................�.
<br />1,012
<br />�..�..�.77
<br />�
<br />Total Operating Expenses
<br />82,619.72
<br />20346-34
<br />29576-39
<br />Operating Income (Loss)
<br />9.895.06
<br />7D 866.00
<br />72,830.93
<br />102 9.08
<br />Other Income
<br />Interest Income66.5599
<br />__.
<br />29
<br />29.00
<br />.._ 0.00
<br />0.00
<br />Total Other Income
<br />66.59
<br />29.00
<br />0.00
<br />0.00
<br />Net Income (loss)
<br />$ 8288.47
<br />$ 70,916.00
<br />72830.93
<br />$ 102,469.08
<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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