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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 2 Months Ended November 30, 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 />2 Months Ended
<br />2 Months Ended
<br />Nov 30, 2020
<br />Nov 30, 2020
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 108,740.41
<br />$ 81,250.00
<br />$ 27,490.41
<br />133.83% $
<br />325,000.00
<br />R.V. Hook Up
<br />688.36
<br />650.00
<br />38.36
<br />105.90%
<br />7,500.00
<br />Mise Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,800.00
<br />Rent
<br />10,051.81
<br />15,832.00
<br />(5,780.19)
<br />63.49%
<br />95,000.00
<br />Refunded Deposits
<br />(1,510.00)
<br />(1,666.00)
<br />156.00
<br />90.64%
<br />(10,000.00)
<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 />400.00
<br />Bicycle Rentals
<br />15.71
<br />25.00
<br />(9.29
<br />62.84%
<br />2500.00
<br />Total Revenue
<br />_ µ11p888-29
<br />96j091.00
<br />21,895.29
<br />122.79%
<br />422600.00
<br />Gross Profit
<br />17 986.29
<br />r
<br />,0 1. 0
<br />.29
<br />122.79%
<br />422,600.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />22.05
<br />84.00
<br />(61.95)
<br />26.26%
<br />500.00
<br />Communications
<br />11107.50
<br />916.00
<br />191.50
<br />120.91 %
<br />5,500.00
<br />Office Expense
<br />496.41
<br />800.00
<br />(303.59)
<br />62.05%
<br />'800.00
<br />Payroll Expenses
<br />16,338.27
<br />16,666.00
<br />(327.73)
<br />98.03%
<br />100,000.00
<br />Payroll Tax Expense
<br />1,246.93
<br />1,334.00
<br />(87.07)
<br />93.47%
<br />8,000.00
<br />Marketing / Advertising
<br />33.00
<br />50.00
<br />(17.00)
<br />66.00%
<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 />896.01
<br />11000.00
<br />(104.99)
<br />89.50'%
<br />6,000.00
<br />Membership Dues/Sub
<br />168.00
<br />200.00
<br />(32.00)
<br />84.00%
<br />200.00
<br />Electricity
<br />4,324.61
<br />8,666.00
<br />(2,341.39)
<br />64.88%
<br />40,000.00
<br />Water
<br />1,3'10.13
<br />666.00
<br />644.13
<br />196.72%
<br />4,000.00
<br />Gas
<br />423.49
<br />425.00
<br />(1.51)
<br />99.64%
<br />4,300.00
<br />Trash Disposal
<br />981.96
<br />834.00
<br />147.96
<br />117.74%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />660.78
<br />500.00
<br />160.78
<br />132.16%
<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 />18,000.00
<br />18,000.00
<br />0.00
<br />100.00%
<br />18,000.00
<br />Eiffel Tower lighting/Maint
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Building Maint./Spis/Equip
<br />16,433.40
<br />15,500.00
<br />933.40
<br />106.02%
<br />99,000.00
<br />Security
<br />117.90
<br />458.00
<br />(340.10)
<br />25.74%
<br />2,750.00
<br />Staff Ins./Retirement
<br />1,659.97
<br />1,416.00
<br />243.97
<br />117.23%
<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 />0.00
<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 />82.43
<br />90.00
<br />(7.57)
<br />91.59%
<br />1,000.00
<br />Ground Maintenance
<br />1,165.00
<br />1,200.00
<br />(35.00)
<br />97.08 W
<br />8,500.00
<br />Bicycles & 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%5000000
<br />Total Operating Expenses
<br />65,519.00
<br />66,855.00
<br />��If1,336.00)
<br />98.00%
<br />387,900.00
<br />Operating Income (Loss)
<br />52,467.29
<br />29,296.80,
<br />�... A 23,231.29,
<br />179.46 %
<br />„ 34,700.00
<br />OTHER INCOME
<br />Interest Income
<br />323.27
<br />58.00
<br />265.27
<br />557.36%
<br />350.00
<br />Total Other Income
<br />323.27
<br />58.00
<br />265.27
<br />557.36 %
<br />350.00
<br />Net Income (Loss)
<br />52, 790.56
<br />29,294.00wr-
<br />23,496.56
<br />180.21%
<br />35 050.00
<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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