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Love Civic Center
<br />Budget to Actual, Year -to -Date
<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 />6 Months Ended
<br />Feb 29, 2020
<br />Feb 29, 2020
<br />Variance
<br />% of Budget 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 />2,648.97
<br />2,480.00
<br />168.97
<br />106.81 %
<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 />61,888.13
<br />61,500.00
<br />388.13
<br />100.63%
<br />100,000.00
<br />Refunded Deposits
<br />(6,050.00)
<br />(5,800.00)
<br />(250.00)
<br />104.31 %
<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 />3,000.00
<br />Bicycle Rentals
<br />1141.02
<br />1,175,00
<br />___97.11 %
<br />4000.00
<br />Total Revenue
<br />224577.36
<br />241,355.0mmmm.0
<br />, 16,777.64
<br />95-05%434450
<br />00
<br />Gross Profit
<br />224,577.36
<br />241,355.00
<br />.....'1( 6,777.64
<br />3.05%
<br />434,450.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />362.56
<br />210.00
<br />152.56
<br />172.65%
<br />500.00
<br />Communications
<br />1,895.77
<br />2,085.00
<br />(189.23)
<br />90.92%
<br />5,000.00
<br />Office Expense
<br />696.47
<br />600.00
<br />96.47
<br />116.08%
<br />600.00
<br />Payroll Expenses
<br />41,019.35
<br />41,665.00
<br />(645.65)
<br />98.45%
<br />100,000.00
<br />Payroll Tax Expense
<br />3,955.13
<br />3,335.00
<br />(179.87)
<br />94.61 %
<br />8,000.00
<br />Marketing / Advertising
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,000.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,200.00
<br />Bookkeeping
<br />2,216.68
<br />2,500.00
<br />(283.32)
<br />88.67%
<br />6,000.00
<br />Membership Dues/Sub
<br />156.00
<br />200.00
<br />(44.00)
<br />78.00%
<br />200.00
<br />Electricity
<br />12,090.96
<br />16,665.00
<br />(4,574.04)
<br />72.55%
<br />40,000.00
<br />Water
<br />1,623.31
<br />2,085.00
<br />(461.69)
<br />77.86%
<br />5,000.00
<br />Gas
<br />2,115.70
<br />1,875.00
<br />240.70
<br />112.84%
<br />4,500.00
<br />Trash Disposal
<br />2,469.75
<br />2,190.00
<br />279.75
<br />112.77%
<br />5,250.00
<br />Intown Auto Exp Allowance
<br />1,250.00
<br />1,250.00
<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 L'ighting/Maint
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Building MaintJSpls.
<br />17,869.55
<br />17,700.00
<br />169.55
<br />100.06%
<br />99,000.00
<br />Security
<br />294.75
<br />520.00
<br />(225.25)
<br />56.68%
<br />1,250.00
<br />Staff Ins./Retirement
<br />3,072.42
<br />3,540.00
<br />(467.58)
<br />86.79%
<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 />5,000.60
<br />(1,932.95)
<br />61.34%
<br />5,000.00
<br />Workers Comp. Insurance
<br />664.00
<br />700,00
<br />(36.0(1)
<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 />860.00
<br />(258,22)
<br />69.97%
<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 />4,400.00
<br />(1.71)
<br />99.96%
<br />8,500.00
<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 />____ Y_„mm 30.42
<br />50.00
<br />LL _ 1 9Sf
<br />60.84%
<br />10000.00
<br />Total Operating Expenses
<br />186,913.24
<br />133,020.00
<br />63,893.24
<br />140.52%
<br />410,210.00
<br />Operating Income (Loss)
<br />_..37,864.12
<br />108,356.00
<br />(70,670.8J8
<br />,m 34.77 % _..__24
<br />240.00
<br />OTHER INCOME
<br />Interest Income
<br />ua 575.93
<br />145.00
<br />��93
<br />430.93
<br />397.19
<br />.__....97.19
<br />_. 0
<br />Total Other Income
<br />575.93
<br />145.00'
<br />. 430.93
<br />397.19%
<br />350.00
<br />Net Income (Loss)
<br />38,240.05
<br />108,460.00
<br />70,239.95
<br />36.25 %
<br />24,590.00
<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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