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Love Civic Center
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the 1 Month Ended August 31, 2020 and 2019 and 11 Months Ended August 31, 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 disclostu es 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 />11 Months Ended
<br />Aug 31, 2020
<br />Aug 31, 2020
<br />Aug 31, 2019
<br />Aug 31, 2019
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Catering
<br />0.00
<br />0.00
<br />0.00
<br />250.00
<br />Motel Tax
<br />81,203.17
<br />71,000.00
<br />941920.16
<br />337,584,70
<br />R.V. Nook Up
<br />40.38
<br />900.00
<br />412.19
<br />16,772.33
<br />Misc Income
<br />0.00
<br />0.00
<br />25.00
<br />25.00
<br />Rent
<br />5,796.85
<br />4,750.00
<br />9,466.80
<br />115,798.37
<br />Refunded Deposits
<br />(1,300.00)
<br />(400.00)
<br />(1,590.00)
<br />(13,310.00)
<br />Booth Rental
<br />0.00
<br />0.00
<br />0.00
<br />200.00
<br />Craft Expo Inc.
<br />0.00
<br />0.00
<br />0.00
<br />3,645.00
<br />Bicycle Rentals
<br />369.05
<br />500.00
<br />344.47
<br />4„905.62
<br />Total Revenue
<br />66,211A5
<br />76,750 00
<br />103,580.44
<br />465,851.02
<br />Operating Expenses
<br />Craft Expo
<br />0.00
<br />0.00
<br />0.00
<br />200.00
<br />Bank Service Charge
<br />9.33
<br />41.00
<br />78.55
<br />460.96
<br />Communications
<br />461,07
<br />418.00
<br />394.42
<br />4,099.34
<br />Office Expense
<br />0.00
<br />0.DO
<br />48.41
<br />741.33
<br />Payroll Expenses
<br />7,818.85
<br />8,334.130
<br />7,706.47
<br />83,909.77
<br />Payroll Tax Expense
<br />594.66
<br />666.00
<br />584.63
<br />8,374.57
<br />Marketing / Advertising
<br />0.00
<br />0.00
<br />0.00
<br />400.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />1,850.00
<br />Bookkeeping
<br />408.33
<br />500.00
<br />0.00
<br />4,387.17
<br />Membership Dues/Sub
<br />0.00
<br />0.00
<br />0.00
<br />156.00
<br />Electricity
<br />2,777.78
<br />3,334.00
<br />3,474.38
<br />31,867.63
<br />Water
<br />171.92
<br />416.00
<br />175.19
<br />3,105.45
<br />Gas
<br />0.00
<br />375.00
<br />81.83
<br />4,239.01
<br />Trash Disposal
<br />444.95
<br />437.00
<br />405.21
<br />4,457.31
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />250.00
<br />2,750.00
<br />Small Equipment
<br />0.00
<br />0.00
<br />0.00
<br />556.84
<br />ASA
<br />0.00
<br />0.00
<br />0.00
<br />102.00
<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 />125.00
<br />375.20
<br />Building Maint./Spic.
<br />1,861.12
<br />2,000.013
<br />1,819.34
<br />34,547.93
<br />Security
<br />221.55
<br />105.00
<br />58.95
<br />1,347.85
<br />Staff Ins./Retirement
<br />563.94
<br />709.00
<br />521.05
<br />7,262.40
<br />Building Insurance
<br />0.00
<br />0.00
<br />0.00
<br />4,277.09
<br />General Liability
<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 />Misc Expenses
<br />0.00
<br />80.00
<br />0.00
<br />726.49
<br />Interest Expense
<br />0.00
<br />0.00
<br />1,233.39
<br />5,600.66
<br />Ground Maintenance
<br />4,085.00
<br />600.00
<br />1,253.00
<br />7,078.00
<br />Supplies
<br />294.95
<br />500.00
<br />0.00
<br />2,348.63
<br />Bicycles & Related Expenses
<br />267.00
<br />300.00
<br />55.21
<br />276.23
<br />Cleaning
<br />,,,,, ,,,,,,, 0.00
<br />0.00
<br />0.00
<br />31594.37
<br />Total Operating Expenses
<br />20„230.55
<br />19,063.00
<br />18 265.03.
<br />Operating Income (Loss)
<br />66,980.90
<br />57,657.DO
<br />65,315.41
<br />225 755.96
<br />Other Income
<br />Interest Income
<br />25.72
<br />30.00
<br />112.21
<br />1,081.33
<br />Total Other Income
<br />25.72
<br />30.00
<br />_uuuu_u_ 112.21
<br />1,081.33
<br />Net Income (Loss)
<br />$ 66 006.62
<br />$ 57717.00
<br />$ ,,,, 85,427.62
<br />5„ 226,837.29.
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards issued
<br />by the AICPA, substantially all disclostu es 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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