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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 6 Months Ended March 31, 2021
<br />Financial statement preparation service provided by Matnory, 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 />6 Months Ended
<br />6 Months Ended
<br />Mar 31, 2021
<br />Mar 31, 2021
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel f Motel Occupancy Tax
<br />$ 409,057.43
<br />$ 325,000.00 $
<br />84,057.43
<br />125.86% $
<br />650,000.00
<br />Hot Money Interest
<br />ay 256.89
<br />m_ 126.00
<br />_ 130.89
<br />203.88%
<br />250.00
<br />Total Revenue
<br />409,314.32325026.00
<br />84168.32
<br />125.89 %
<br />651)250.01)
<br />Operating Expenses
<br />Postage
<br />78.71
<br />80.00
<br />(1.29)
<br />98.39%
<br />1,000.00
<br />Mise Expenses
<br />1,210.42
<br />1,085.00
<br />125.42
<br />111.66%
<br />1,500.00
<br />General Liability
<br />1,070.65
<br />1,500.00
<br />(429.35)
<br />71.38%
<br />1,500.00
<br />D & O Insurance
<br />1,559.68
<br />1,500.00
<br />59.68
<br />103.98%
<br />1,500.00
<br />Long Term Disability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />200.00
<br />Worker's Comp
<br />621.30
<br />650.00
<br />(28.70)
<br />95.58%
<br />1,000.00
<br />Staff Ins./Reflrement
<br />5,465.42
<br />4,248.00
<br />1,217.42
<br />128.06%
<br />8,500.00
<br />Meetings 8, Hosting
<br />51.49
<br />50.00
<br />1.49
<br />102.98%
<br />200.00
<br />Chamber Management
<br />20,000.00
<br />20,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Out of Town Travel
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,500.00
<br />Intown Auto/Exp Allowance
<br />1,200.00
<br />1,248.00
<br />(46.00)
<br />96.15%
<br />2,500.00
<br />Membership Dues/Sub.
<br />100.00
<br />458.00
<br />(358.00)
<br />21.83%
<br />5,500.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,200.00
<br />Bookkeeping
<br />3,073.66
<br />3,000.00
<br />73.66
<br />102.46%
<br />6,000.00
<br />Payroll Expenses
<br />41,657.62
<br />41,010.00
<br />647.62
<br />101.68%
<br />82,025.00
<br />ABBS Wage Reimburement
<br />(1,752.35)
<br />0.00
<br />(1,752.35)
<br />0.00%
<br />0.00
<br />Payroll Tax Expense
<br />3,293.72
<br />3,222.00
<br />71.72
<br />102.23%
<br />6,450.00
<br />Office Expense
<br />1,731.12
<br />996.00
<br />735.12
<br />173.81%
<br />2,000.00
<br />Communications
<br />2,141.98
<br />1,248.00
<br />893.98
<br />171.63%
<br />2,500.00
<br />Historical Museum
<br />3,500.00
<br />3,500.00
<br />0.00
<br />100.00%
<br />3,500.00
<br />Bank Service Charge
<br />254.07
<br />246.00
<br />8.07
<br />103.28%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />204,528.71
<br />162,500.00
<br />42,028.71
<br />125.86%
<br />325,000.00
<br />Marketing/Advertising
<br />19,795.04
<br />18,100.00
<br />1,695.04
<br />109.36°%
<br />65,000.00
<br />Chaparral Square Dancers
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,100.00
<br />Tour de Paris Exp
<br />9,570.31
<br />9,600.00
<br />(29.69)
<br />99.69%
<br />28,000.00
<br />ASA
<br />624.94
<br />800.00
<br />(175.06)
<br />78.12%
<br />27,000.00
<br />ASA Indoor Archery Event Exp
<br />318.00
<br />300.00
<br />18.00
<br />106.00%
<br />2,000.00
<br />SDBA Boat Races
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,000.00
<br />TMBRA Bicycle Race Exp
<br />5,500.00
<br />D.00
<br />5,500.00
<br />0.00%
<br />5,500.00
<br />Red Bull Qualifier Exp
<br />2,741.20
<br />0.00
<br />2,741.20
<br />0.00%
<br />0.00
<br />Events Promotion / Funding
<br />6,347.50
<br />6,500.00
<br />(152.50)
<br />97.65%
<br />44,000.00
<br />Arts Allocation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />Baseball Field Lighting
<br />11,855.86
<br />11,855.86
<br />0.00
<br />100.00%
<br />11,855.86
<br />Rent to COC
<br />6.000 00
<br />_ 0.00
<br />100.00 °%
<br />12 000, 00
<br />Total Operating Expenses
<br />359,539.05
<br />306,696.86,
<br />52,842.19
<br />117.23%
<br />706530.86
<br />Operating Income (Lose)
<br />49,775.27
<br />- 18,429.14
<br />31 346.13
<br />270.09% {'56,280.86)
<br />NOT -HOT INCOME
<br />Misc Income
<br />10.69
<br />10.50
<br />0.19
<br />101.81 %
<br />1,000.00
<br />Trolley / Historical
<br />1,700.00
<br />2,180.00
<br />(480.00)
<br />77.98%
<br />5,000.00
<br />Tour de Paris Income
<br />18,417.78
<br />18,100.00
<br />317.78
<br />101.76%
<br />49,000.00
<br />ASA Indoor Archery Event
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />TMBRA Bicycle Race
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,000.00
<br />Red Bull Qualifier
<br />17,250.00
<br />0.00
<br />17,250.00
<br />0.00%
<br />0.00
<br />Souvenir Sales
<br />867.74
<br />785.00
<br />82.74
<br />110.54%
<br />8,000.00
<br />Interest Income
<br />_ S6D.02
<br />126.00
<br />734.02
<br />682.56
<br />� .
<br />Total Not -Hot Income
<br />39106.23
<br />21,201.50
<br />17,904.73
<br />184.45%
<br />72 250.00
<br />NOT -HOT EXPENSES
<br />Credit Card Fees
<br />1,249.96
<br />750.00
<br />499.96
<br />166.66%
<br />1,500.00
<br />Trolley Driver
<br />357.00
<br />375.00
<br />(18.00)
<br />95.20%
<br />1,800.00
<br />Trolley Expenses
<br />2,346.89
<br />2,400.00
<br />(53.11)
<br />97.79%
<br />5,000.00
<br />Trolley Insurance
<br />1,170.08
<br />1,050.00
<br />120.08
<br />111.44%
<br />2,100.00
<br />Souvenir Exp
<br />132.00
<br />150.00
<br />(18.00)
<br />88.00%
<br />5,000.00
<br />Misc NH Expense
<br />2,519 890.00„
<br />_....
<br />2„519.89
<br />0.00%
<br />0.00
<br />Total Not -Hot Expenses
<br />7,775.82
<br />4 7, 25.00
<br />3,060.82
<br />164.57 °%
<br />15,400.00
<br />Net Income (Loss)
<br />$ 81,105.68
<br />34x905.641 $
<br />46,200.04
<br />232.36%
<br />-„ w 669.14
<br />Financial statement preparation service provided by Matnory, 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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