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Lamar County Chamber of Commerce
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the 1 Month Ended November 30, 2020 and 2019 and 2 Month Ended November 30, 2019
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards. issued
<br />by the AICPA, substantially ell 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 />i Month Ended
<br />2 Months Ended
<br />Nov 30, 2020
<br />Nov 30, 2020
<br />Nov 30, 2019
<br />Nov 30, 2019
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Ambassadors
<br />$ 0.00
<br />$ 0.00
<br />$ 68.00
<br />$ 123.00
<br />Celebration
<br />500.00
<br />500.00
<br />440.00
<br />5,680.00
<br />Business After Five
<br />0.00
<br />0.00
<br />159.00
<br />159.00
<br />Membership Dues
<br />14,262.75
<br />14,000.00
<br />14,830.34
<br />30,581.95
<br />Management Fee - LCC
<br />18,000.00
<br />18,000.00
<br />18,000.00
<br />18,000.00
<br />Management Fees - VCC
<br />10,000.00
<br />10,000.00
<br />10,000.00
<br />10,000.00
<br />Mailing Labels
<br />60.00
<br />50.00
<br />60.00
<br />60.00
<br />Rent from VCC
<br />1,000.00
<br />_ 1,000.00
<br />1,000.00
<br />2,000.00
<br />Total Revenue
<br />..___A3,550.00
<br />44,557.34
<br />66,603.95
<br />Operating Expenses
<br />Bank Service Charge
<br />10.85
<br />16.00
<br />13.07
<br />24.27
<br />Communications
<br />397.57
<br />625.00
<br />1,043.24
<br />2,538.37
<br />Office Expense
<br />524.19
<br />583.00
<br />670.85
<br />1,654.36
<br />Payroll Expenses
<br />13,769.66
<br />14,913.00
<br />16,390.78
<br />30,100.44
<br />Payroll Tax Expense
<br />1,049.61
<br />1,159.00
<br />1,269.46
<br />2,335.69
<br />Marketing'%Advertising
<br />1,297.56
<br />11300.00
<br />0.00
<br />0.00
<br />Bookkeeping Fees
<br />515.00
<br />375.00
<br />513.33
<br />938.33
<br />Membership Dues/Sub
<br />0.00
<br />0.00
<br />0.00
<br />470.00
<br />Electricity
<br />994.87
<br />291.00
<br />327.06
<br />721.77
<br />Water
<br />33.52
<br />29.00
<br />30.35
<br />60.70
<br />Gas
<br />52.46
<br />50.00
<br />54.02
<br />100.81
<br />Trash Removal
<br />41.29
<br />33.00
<br />37.94
<br />75.88
<br />lntown Auto/Exp Allowance
<br />500.00
<br />583.00
<br />500.00
<br />1,098.10
<br />Ambassadors Luncheon & Other
<br />54.04
<br />50.00
<br />193.26
<br />428.32
<br />Business After Five Exp
<br />8223
<br />100.00
<br />184.15
<br />929.46
<br />Celebration
<br />3,678.64
<br />3,000.00
<br />1,874.07
<br />25,727.04
<br />Junior Chamber
<br />0.00
<br />0.00
<br />97.35
<br />152.19
<br />Blitz
<br />21.63
<br />25.00
<br />0.00
<br />0.00
<br />Grant Program
<br />2,249.31
<br />0.00
<br />0.00
<br />0.00
<br />Meetings & Hosting
<br />51.92
<br />50.00
<br />0.00
<br />19.00
<br />Building Repaim/Maintenance
<br />785.52
<br />625.00
<br />0.00
<br />350.00
<br />Staff Ins./Retirement
<br />933.46
<br />11000.00
<br />575.08
<br />1,335.36
<br />Long Term Disability
<br />60.47
<br />60.00
<br />333.87
<br />372.98
<br />Misc Expenses
<br />62.82
<br />60.00
<br />119.14
<br />328.57
<br />Professional Training/Travel
<br />0.00
<br />0.00
<br />0.00
<br />686.55
<br />Postage
<br />_ 0.00
<br />83.00
<br />110.00
<br />_ 220.00„
<br />Total operating 'Ex enses
<br />P
<br />26L366.62
<br />25,010.00
<br />24,337.02
<br />70,668.19
<br />Operating Income (Loss)
<br />17456.13
<br />18,640.00
<br />20,220.32
<br />(4,064.24)
<br />Other Income
<br />Interest Income
<br />45.25
<br />115.00
<br />121.40
<br />177.82
<br />Total Other Income
<br />45.25
<br />115.00
<br />121.40
<br />177.82
<br />Net Income (Loss)„
<br />17,501.38
<br />$
<br />$ 20 341.72
<br />$ (3,886.42)
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards. issued
<br />by the AICPA, substantially ell disclosures ordinarily included in financial statements prepared in accordance with the modified cash basis of
<br />accounting are omitted and no assurance is provided
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