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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 1 Month Ended October 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 modified cash basis of
<br />accounting are omitted and no assurance is provided
<br />1 Month Ended
<br />1 Month Ended
<br />Oct 31, 2020
<br />Oct 31, 2020
<br />variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 0.00 $
<br />0.00
<br />$ 0.00
<br />0.00% $
<br />325,000.00
<br />R.V. Hook Up
<br />553.72
<br />500.00
<br />53.72
<br />0.00%
<br />7,500.00
<br />Misc Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,800.00
<br />Rent
<br />1,886.57
<br />7,916.00
<br />(6,027.43)
<br />23.86%
<br />95,000.00
<br />Refunded Deposits
<br />(600.00)
<br />(833.00)
<br />233.00
<br />72.03%
<br />(10,000.00)
<br />Booth Rental
<br />0.00
<br />0.00
<br />0.00
<br />400.00
<br />Tower Lighting0.00
<br />0.00
<br />0.00
<br />400.00
<br />Bicycle Rentals
<br />1
<br />15.7,,,_.
<br />�. 25.00
<br />'(9.29)
<br />62.84%
<br />2„500.00
<br />Total Revenue1,868.00
<br />7,608.00 ,
<br />5,750.00
<br />24A2 %
<br />422,600.00
<br />Gross Profit
<br />1,858.00
<br />7A608.00
<br />5,760.00
<br />24A2 % 42 800.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />11.20
<br />42.00
<br />(30.80)
<br />26.67%
<br />500.00
<br />Communications
<br />660.44
<br />458.00
<br />202A4
<br />144.20%
<br />5,500.00
<br />Office Expense
<br />165.26
<br />150.00
<br />15.26
<br />0.00%
<br />800.00
<br />Payroll Expenses
<br />8,653.77
<br />8,333.00
<br />320.77
<br />103.85%
<br />100,000.00
<br />Payroll Tax Expense
<br />663.33
<br />667.00
<br />(3.87)
<br />99.45 %
<br />8,000.00
<br />Marketing / Advertising
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Bookkeeping
<br />380.01
<br />500.00
<br />(118.99)
<br />76.00%
<br />6,000.00
<br />Membership Dues/Sub
<br />168.00
<br />200.00
<br />(32.00)
<br />0.00%
<br />200.00
<br />Electrlcity
<br />2,298.37
<br />3,333.00
<br />(1,034.63)
<br />68.96%
<br />40,000.00
<br />Water
<br />584.65
<br />333.00
<br />251.65
<br />176.57%
<br />4,000.00
<br />Gas
<br />117.71
<br />125.00
<br />(7.29)
<br />94.17%
<br />4,300.00
<br />Trash Disposal
<br />490.98
<br />417.00
<br />73.98
<br />117.74%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />410.78
<br />250.00
<br />160.78
<br />164.31 %
<br />3,000.00
<br />Small Equipment
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />500.00
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />18,000.00
<br />Eiffel Tower Lighting/Malnt
<br />0.00
<br />0.00
<br />0.00
<br />0.00 %
<br />2,000.00
<br />Building Maint./Spls.
<br />4,450.16
<br />4,500.00
<br />(49.84)
<br />98.89 %
<br />99,000.00
<br />Security.
<br />58.95
<br />229.00
<br />(170.05)
<br />25.74%
<br />2,750.00
<br />Staff Ins./Retirement
<br />1,096.03
<br />708.00
<br />388.03
<br />154.81 %
<br />8,500.00
<br />Building insurance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />4,550.00
<br />General liability
<br />0.00
<br />0.00
<br />040
<br />0.00%
<br />3,700.00
<br />Workers Comp. Insurance
<br />52.16
<br />50.00
<br />2.16
<br />104.32%
<br />1,400.00
<br />Directors & Officers
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,500.00
<br />Long Term Disability
<br />0.00
<br />0.00
<br />0.00
<br />0,00%
<br />200.00
<br />Misc Expenses
<br />42.00
<br />45.00
<br />(3.00)
<br />93.33%
<br />1,000.00
<br />Ground Maintenance
<br />582.50
<br />600.00
<br />(17.50)
<br />97.08%
<br />8,500.00
<br />Bicydes & Related Expenses
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,000.00
<br />Catering Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,000.00
<br />Capital Improvements
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />60,000.00
<br />Total Operating Expenses
<br />20,866.30
<br />20,940.00
<br />_______(53._7J0
<br />__ __99.74 %
<br />387 900.00
<br />Operating Income (Loss)
<br />_ (19,028.30
<br />132.00
<br />5,686.30
<br />142.73%
<br />34,700.00
<br />OTHER INCOME
<br />Interest Income
<br />w. 27.55
<br />29.00
<br />X1.45
<br />95.00 % _
<br />350.00
<br />Total Other Income
<br />27.66
<br />29.00
<br />� 1.45
<br />96.00 �°
<br />350.00
<br />Net Income (Loss)
<br />19,000.75
<br />(15,303.00
<br />5„697.75
<br />142.83%
<br />35,060 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 modified cash basis of
<br />accounting are omitted and no assurance is provided
<br />
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