|
Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 8 Months Ended May 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 />8 Months Ended
<br />8 Months Ended
<br />May 31, 2020
<br />May 31, 2020
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 478,096.08
<br />$ 487,500,00
<br />$ (9,403.92)
<br />98.07% $
<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 />478,180.42
<br />487,500.00(9,319.58)
<br />98.09 %
<br />650 000.00
<br />Operating Expenses
<br />Postage
<br />425.12
<br />560.00
<br />(134.88)
<br />75.91 %
<br />1,000.00
<br />Misc Expenses
<br />858.57
<br />810.00
<br />48.57
<br />106.00%
<br />2,500.00
<br />General Liability
<br />1,494.00
<br />0.00
<br />1,494.00
<br />0.00%
<br />0.00
<br />D & 0 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 />64.00
<br />110.67%
<br />2,000.00
<br />Staff InsJRetirement
<br />6,229.45
<br />5,664.00
<br />565.45
<br />109.98%
<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 />30,000.00
<br />30,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Out of Town Travel
<br />839.46
<br />950:00
<br />(110.54)
<br />88.36%
<br />2,000.00
<br />Intown Auto/Exp Allowance
<br />1,600.00
<br />1,800.00
<br />(200.00)
<br />88.89%
<br />2,700.00
<br />Membership Dues/Sub.
<br />1,000.00
<br />1,200.00
<br />(200.00)
<br />83,33%
<br />5,500.00
<br />Audit
<br />1,983.00
<br />2,200.00
<br />(217.00)
<br />90.14%
<br />2,200.00
<br />Bookkeeping
<br />3,384.98
<br />4,000.00
<br />(615.02)
<br />84.62%
<br />6,000.00
<br />Payroll Expenses
<br />54,322.82
<br />64,681.00
<br />(358.18)
<br />99.34%
<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 />4,254.18
<br />4,302.00
<br />(47.82)
<br />98.89%
<br />6,450.00
<br />Office Expense
<br />1,898.63
<br />1,440.00
<br />458.63
<br />131.85%
<br />2,000.00
<br />Communications
<br />2,153.88
<br />1,336.00
<br />817.88
<br />161.22%
<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 />59.68
<br />520.00
<br />(460.32)
<br />11.48%
<br />1,000.00
<br />Credit Card Fee
<br />1,064.02
<br />1,334.00
<br />(269.98)
<br />79,76%
<br />2,000.00
<br />Motel Tax Transferred to LCC
<br />239,048.04
<br />254,000.00
<br />(14,951.96)
<br />94.11 °%
<br />325,000.00
<br />Marketing / Advertising
<br />21,359.38
<br />32,600.00
<br />(11,240.62)
<br />65.52%
<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 />1,427.04
<br />1,300.00
<br />127.04
<br />109.77%
<br />30,0.00.00
<br />ASA
<br />5,852.00
<br />27,000.00
<br />(21,148.00)
<br />21.67%
<br />27,000.00
<br />SDBA Boat Races
<br />7,000.00
<br />7,500.00
<br />(500.00)
<br />93.33%
<br />7,500.00
<br />Events Promotion / Funding
<br />17,193.00
<br />21,300.00
<br />(4,107.00)
<br />80.72 °%
<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 to COC
<br />8,000.00
<br />----___§'000.00
<br />._._.._ _ _ 0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />430,867.61
<br />483,552.86
<br />(52,685.
<br />89-10%
<br />6991930.86
<br />Operating Income (Loss)
<br />47,312.81
<br />3,947.14
<br />43,365.67
<br />11198.66% _ (49,93.0.86)
<br />NOT -HOT INCOME
<br />Misc Income
<br />2,153.37
<br />562.00
<br />1,591.37
<br />383.16%
<br />1,000.00
<br />Trolley / Historical
<br />2,875.00
<br />3,800.00
<br />(925.00)
<br />75.66%
<br />5,000.00
<br />Tour de Paris Income
<br />3,036.85
<br />2,800.00
<br />236.85
<br />108.46%
<br />49,000.00
<br />Souvenir Sales
<br />3,520.51
<br />6,668.00
<br />(3,147.49)
<br />52.80%
<br />10,000.00
<br />Interest Income
<br />491.82
<br />102.00
<br />389.82
<br />482.18%
<br />_ 150.00
<br />Total Not; -Hot Income
<br />12,077.55
<br />133932.00
<br />__ 1,854.45}
<br />86.69%
<br />66,150.00
<br />NOT -HOT EXPENSES
<br />Not -Hot Events
<br />1,000.00
<br />0.00
<br />1,000.00
<br />0.00 %
<br />0.00
<br />Trolley Driver
<br />1,120.00
<br />1,400.00
<br />(280.00)
<br />80.00%
<br />1,800.00
<br />Trolley Expenses
<br />2,494.12
<br />4,000.00
<br />(1,505.88)
<br />62.35%
<br />6,000.00
<br />Trolley Insurance
<br />1,410.73
<br />1,400.00
<br />10.73
<br />100.77%
<br />2,100.00
<br />Souvenir Exp
<br />5,836.60
<br />3,600-00
<br />2,236.60
<br />162.13%
<br />5,000.00
<br />Total Not -Hot Expenses
<br />11,861.45
<br />10,400.00
<br />1,461.45
<br />114.05%
<br />14,900.00
<br />Net Income (Loss)
<br />$ 47,528.91
<br />$ 7,479.14,
<br />f__ 40,049.77
<br />635,49% $
<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
<br />
|