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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 December 31, 2020 and 2019 and 3 Month Ended December 31, 2019
<br />Financial statement preparation service provided by Malnory, McNeal 8t 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 />1 Month Ended
<br />3 Months Ended
<br />Dec 31, 2020
<br />Dec 31, 2020
<br />Dec 31, 2019
<br />Dec 31, 2019
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Ambassadors
<br />$ 0.00
<br />$ 0.00
<br />$ 0.00
<br />$ 123.00
<br />Celebration
<br />0.00
<br />0.00
<br />0.00
<br />5,680.00
<br />Business After Five
<br />0;00
<br />0.00
<br />0.00
<br />159.00
<br />Membership Dues
<br />29,816.42
<br />30,000.00
<br />25,918.86
<br />66,500.81
<br />Management Fee - LCC
<br />0.00
<br />0.00
<br />0..00
<br />18,000.00
<br />Management Fees - VCC
<br />0.00
<br />0.00
<br />0.00
<br />10,000.00
<br />Mailing Labels
<br />30.00
<br />30.00
<br />0.00
<br />60.00
<br />Rent from VCC
<br />1,000.00
<br />1,000.00
<br />1,000.00
<br />�... 3.000.00
<br />Total Revenue
<br />30 645A2
<br />31,030.00
<br />26,918.86
<br />93,522.81
<br />Operating Expenses
<br />Bank Service Charge
<br />10.50
<br />16.00
<br />13.07
<br />37.34
<br />Communications
<br />413.51
<br />625.00
<br />977.33
<br />3,615.70
<br />Office Expense
<br />1,087.43
<br />583.00
<br />447.17
<br />2,101.53
<br />Payroll Expenses
<br />17,857.98
<br />14,913.00.
<br />17,254.99
<br />47,355.43
<br />Payroll Tax Expense
<br />1,362.36
<br />1,159.00
<br />1,331.07
<br />3,656.76
<br />Marketing I Advertising
<br />1,039.04
<br />1,000.00
<br />0.00
<br />0.00
<br />Bookkeeping Fees,
<br />608.34
<br />375.00
<br />463.33
<br />1,401.66
<br />Membership Dues/Sub
<br />516.00
<br />500:00
<br />1,000.00
<br />1,470.00
<br />Electricity
<br />165.49
<br />291.00
<br />164.73
<br />888.50
<br />Water
<br />33.52
<br />29.00
<br />30.35
<br />91.05
<br />Gas
<br />69.18
<br />70.00
<br />102.31
<br />203.12
<br />Trash Removal -
<br />41.25
<br />33.00
<br />37.94
<br />113.82
<br />Intown AutolExp Allowance
<br />593.15
<br />583.00
<br />500.00
<br />1,598.10
<br />Out of Town Travel
<br />0.00
<br />•0.00
<br />218.93
<br />218.93
<br />Ambassadors Luncheon & Other
<br />0.00
<br />0.00
<br />159.89
<br />688.21
<br />Business After Five Exp
<br />0.00
<br />0.00
<br />0.00
<br />929.46
<br />Celebration
<br />0.00
<br />0.00
<br />0.00
<br />25,727.04
<br />Junior Chamber
<br />0.00
<br />0.00
<br />89.31
<br />241.50
<br />Blitz
<br />21.63
<br />25.00
<br />0.00
<br />0.00
<br />Grant Program
<br />1,754.96
<br />0.00
<br />0.00
<br />0.00
<br />Meetings & Hosting
<br />0.00
<br />0.00
<br />0.00
<br />19.00
<br />Building Repalm/Malntenanoe
<br />1,600.00
<br />1,600.00
<br />371.91
<br />721.91
<br />Staff Ins./Ratirement
<br />1,536.48
<br />1,000.00
<br />2,108.44
<br />3,443.80
<br />General Liability
<br />1,070.65
<br />1,500.00
<br />0.00
<br />0.00
<br />Worker's Comp
<br />853.70
<br />850.00
<br />664.00
<br />664.00
<br />D & O Liability Ins
<br />0.00
<br />0.00
<br />1,435.33
<br />1,435.33
<br />Long Tenn Disability
<br />60.47
<br />60.00
<br />84.37
<br />457.35
<br />Misc. Expenses
<br />148.42
<br />150.00
<br />38.94
<br />367.51
<br />Professional Training/Travel
<br />0.00
<br />0.00
<br />0.00
<br />686.56
<br />Postage
<br />110.00
<br />83.00
<br />0.00
<br />220.00
<br />Total Operating Expenses
<br />30,934.06
<br />25,445.00
<br />98,161.60
<br />Operating Income (Loss)'28�8-64�
<br />5,585.00
<br />____ 574.5
<br />4,638.79
<br />Other Income
<br />Interest Income
<br />... _...... _.... _ 272.73
<br />- 115.00
<br />564.95
<br />742.77„
<br />Total Other Income
<br />272.73
<br />115.00
<br />564.95
<br />742:77
<br />Net Income (Loss)5
<br />15.91
<br />$ 5 700.00
<br />$ 8.60
<br />$ 3,886.02
<br />Financial statement preparation service provided by Malnory, McNeal 8t 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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