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Love.Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 3 Months Ended December 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 casb basis of
<br />accounting are omitted and no assurance is provided
<br />3 Months Ended
<br />3 Months Ended
<br />Dec 31, 2020
<br />Dec 31, 2020
<br />Variance
<br />% of Budget Annual
<br />Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 108,740.4
<br />$ 81,250.00
<br />$ 27,490.41
<br />133.83% $
<br />325,000.00
<br />R.V. Hook Up
<br />721.98
<br />700.00
<br />21.98
<br />103.14%
<br />7,500.00
<br />Misc Income
<br />400.00
<br />400.00
<br />0.00
<br />100.00%
<br />1,800.00
<br />Rent
<br />9,951.81
<br />23,748.00
<br />(13,796.19)
<br />41,91%
<br />95,000.00
<br />Refunded Deposits
<br />(1,510.00)
<br />(2,499.00)
<br />989.00
<br />60.42%
<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 />2,500.00„
<br />Total Revenue
<br />,
<br />•0
<br />14,696.91
<br />114.16 %
<br />422,600.00
<br />Gross Profit
<br />118,319.81
<br />103,624.00
<br />__14 695.91
<br />114.18%
<br />422„600.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />29.05
<br />126.00
<br />(96.95)
<br />23.08%
<br />500.00
<br />Communications
<br />1,636.15
<br />1,374.00
<br />262.15
<br />119.08%
<br />5,500.00
<br />Office Expense
<br />564.61
<br />800.00
<br />(235.39)
<br />70.58%
<br />800.00
<br />Payroll Expenses
<br />25,930.49
<br />24,999.00
<br />931.49
<br />103.73%
<br />100,000.00
<br />Payroll Tax Expense
<br />1,975.07
<br />2,001.00
<br />(25.93)
<br />98.70%
<br />8,000.00
<br />Marketing / Advertising
<br />724.34
<br />750.00
<br />(25.66)
<br />98,58%
<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 />1,503.34
<br />1,500.00
<br />3.34
<br />100.22%
<br />6,000.00
<br />Membership Dues/Sub
<br />168.00
<br />20D.00
<br />(32.00)
<br />84.00%
<br />200.00
<br />Electricity
<br />5,998.89
<br />9,999.00
<br />(4,000.11)
<br />59.99%
<br />40,000.00
<br />Water .
<br />2,361.20
<br />999.00
<br />1,362.20
<br />236.36%
<br />4,000.00
<br />Gas
<br />740.57.
<br />725.00
<br />15.57
<br />102.15%
<br />4,300.00
<br />Trash Disposal
<br />1,472.94
<br />1,251.00
<br />221'.94
<br />117.74%
<br />5,000.00
<br />Iritown Auto Exp Allowance
<br />910.78
<br />750.00
<br />160.78
<br />121.44 %
<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 />400,00%
<br />18,000.00
<br />Eiffel Tower Lighting/Maint
<br />0.00
<br />0.00
<br />0.00
<br />0.60%
<br />2,000.00
<br />Building Maint./Spls/Equip
<br />25,319.25
<br />24,500.00
<br />819.25
<br />103.34%
<br />99,000.00
<br />Security
<br />176.85
<br />687.00
<br />(610.15)
<br />25.74%
<br />2,750.00
<br />Staff InSJRetirement
<br />2,756.00
<br />2,124.00
<br />632.00
<br />129.76%
<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 />1,070.65
<br />3,700.00
<br />(2,629.35)
<br />28.94%
<br />3,700.00
<br />Workers Comp. Insurance
<br />621.31
<br />650.00
<br />(28.69)
<br />95.59%
<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 />245.92
<br />240.00
<br />5.92
<br />102.47%
<br />11000.00
<br />Ground MbIntenanee
<br />'1,747.50
<br />1,930.00
<br />(182.50)
<br />9D.54 %
<br />8,500.00
<br />Bicycles & Related Expenses
<br />0.00
<br />D.00
<br />0.00
<br />0.00%
<br />11000.00
<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 />50,000.00
<br />Total Operating Expanses
<br />93,952.91
<br />97,305.00
<br />2,352.09
<br />96.66%
<br />387,800.00
<br />Operating Income (Loss)
<br />24,367.00
<br />6,319.00
<br />385.61%
<br />34700.00
<br />OTHER INCOME
<br />Interest Income
<br />339.27
<br />87.00
<br />252.27.,
<br />389.97%
<br />350.00
<br />Total Other Income
<br />339.27
<br />87.00
<br />252.27
<br />389.97 06
<br />350.00
<br />Net Income (Loss)
<br />24„706.27
<br />6,406.00
<br />18300.27
<br />365.67%'
<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 casb basis of
<br />accounting are omitted and no assurance is provided
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