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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 4 Months Ended January 31, 2021
<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 />4 Months Ended
<br />4 Months Ended
<br />Jan 31, 2021
<br />Jan 31, 2021
<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 />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 />11800.00
<br />Rent
<br />19,640.10
<br />31,664.00
<br />(12,023.90)
<br />62.03%
<br />95,000.00
<br />Refunded Deposits
<br />(1,510.00)
<br />(3,332.00)
<br />1,822.00
<br />45.32%
<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 />128,008.20
<br />707.00
<br />110, ..�.......
<br />17 301.20
<br />r3--
<br />115.63 %
<br />422,600.00
<br />��
<br />Gross Profit128,008.20
<br />170,707.00
<br />17,301.20
<br />115.63%
<br />422,600.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />36.51
<br />168.00
<br />(131.49)
<br />21.73%
<br />500.00
<br />Communications
<br />2,300.72
<br />1,832.00
<br />468.72
<br />125.59%
<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 />33,415.27
<br />33,332.00
<br />83.27
<br />100.25%
<br />100,000.00
<br />Payroll Tax -Expense
<br />2,562.65
<br />2,668.00
<br />(105.35)
<br />96.05%
<br />8,000.00
<br />Marketing / Advertising
<br />724.34
<br />750.00
<br />(25.66)
<br />96.58%
<br />5,000.00
<br />Audit0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Bookkeeping
<br />1,941.68
<br />2,000.00
<br />(58.32)
<br />97.08%
<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 />7,775.82
<br />13,332.00
<br />(5,556.18)
<br />58.32%
<br />40,000.00
<br />Water
<br />2,878.86
<br />1,332.00
<br />1,546.86
<br />216.13%
<br />4,000.00
<br />Gas
<br />1,647.41
<br />1,625.00
<br />22.41
<br />101.38%
<br />4,300.00
<br />Trash Disposal
<br />1,737.94
<br />1,668.00
<br />69.94
<br />104.19%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />1,160.78
<br />1,000.00
<br />160.78
<br />116.08%
<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 Mainl./Spls1Equlp
<br />25,608.87
<br />24,800.00
<br />808.87
<br />103.28%
<br />99,000.00
<br />Security
<br />292.80
<br />916.00
<br />(623.20)
<br />31.97%
<br />2,750.00
<br />Staff Ins./Retirement
<br />3,427.48
<br />2,832.00
<br />595,48
<br />121.03%
<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 />1,559.64
<br />1,500.00
<br />59.64
<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 />276.45
<br />290.00
<br />(13.55)
<br />95.33%
<br />1,000.00
<br />Ground Maintenance
<br />2,330.00
<br />2,660.00
<br />(330.00)
<br />87.59%
<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 />m 0,00 % ...,
<br />..,w, 50,000.00
<br />Total Operating Expenses
<br />110,101.79
<br />116,056,00
<br />6,963.21
<br />94.67 °%
<br />387,900.00
<br />Operating Income (Cosa)
<br />17,906.41
<br />__L5,34
<br />23,254.41
<br />(334.82)%
<br />34,700.00
<br />OTHER INCOME
<br />Interest Income355
<br />61
<br />116.00
<br />239.61
<br />_ 305.56%
<br />350.00
<br />Total Other Income
<br />355 .61
<br />116.00
<br />239.61.,
<br />306.56%
<br />.___.�...�.�..
<br />350.00
<br />Not Income (Loss)
<br />18,262.025,232.00
<br />23,494.02
<br />349.044%
<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
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