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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 5 Months Ended February 28, 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 />5 Months Ended
<br />5 Months Ended
<br />Feb 28, 2021
<br />Feb 28, 2021
<br />Variance
<br />% of Budget Annual
<br />Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 204,528.71
<br />$ 162,500.00
<br />$ 42,028.71
<br />125.86% $
<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 />Mise Income
<br />400.00
<br />400.00
<br />0.00
<br />100.00%
<br />1,800.00
<br />Rant
<br />18,340.10
<br />39,580.00
<br />(21,239.90)
<br />46.34%
<br />95,000.00
<br />Refunded Deposits
<br />(3,910.00)
<br />(4,165.00)
<br />255.00
<br />93.88%
<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 />160.20
<br />175.00
<br />1'1480
<br />9154 %
<br />2 500.00
<br />Total Revenue220,240.88
<br />199,190.00 ,
<br />21,050.99
<br />10.57%
<br />422,600.00
<br />Gross Profit
<br />220,240.99
<br />198,180.00
<br />21,050.99
<br />110.57%
<br />422,600.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />43.97
<br />210.00
<br />(166.03)
<br />20.94%
<br />500.00
<br />Communications
<br />3,698.32
<br />2,290.00
<br />1,408.32
<br />161.50%
<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 />40,899.67
<br />41,665.00
<br />(765.33)
<br />98.16%
<br />100,000.00
<br />Payroll Tax Expense
<br />3,146.22
<br />3,335.00
<br />(188.78)
<br />94.34%
<br />8,000.00
<br />Marketing / Advertising
<br />790.34
<br />800.00
<br />(9.66)
<br />98.79%
<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 />2,516.68
<br />2,500.00
<br />16.68
<br />100.67%
<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 />9,570.53
<br />16,665.00
<br />(7,094.47)
<br />57.43%
<br />40,000.00
<br />Watet
<br />3,059.94
<br />1,665.00
<br />1,404.94
<br />184.38%
<br />4,000.00
<br />Gas
<br />2,419.91
<br />2,425.00
<br />(5.09)
<br />99.79%
<br />4,300.00
<br />Trash Disposal
<br />2,727.26
<br />2,085.00
<br />642.26
<br />130.80%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />1,410.78
<br />1,250.00
<br />160.78
<br />112.86%
<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 />351.20
<br />350.00
<br />1.20
<br />0.00%
<br />2,000.00
<br />Building Maint./Spls/Equip
<br />32,728.33
<br />32,000.00
<br />728.33
<br />102.28%
<br />99,000.00
<br />Security
<br />351.75
<br />1,145.00
<br />(793.25)
<br />30.72%
<br />2,750.00
<br />Staff Ins./Retirement
<br />3,991.42
<br />3,540.00
<br />451.42
<br />112.75%
<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 />59.84
<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 />331.44
<br />340.00
<br />(8.56)
<br />97.48%
<br />1,000.00
<br />Ground Maintenance
<br />2,912.50
<br />3,390.00
<br />(477.50)
<br />85.91 %
<br />8,500.00
<br />Bicycles & Related Expenses
<br />0.34
<br />0.00
<br />0.34
<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 Improvements0.00
<br />0.00..
<br />w. 0.00,
<br />_
<br />0.00 %
<br />50,000.00
<br />Total Operating Expenses
<br />152,944.81
<br />140,505.00(7,560.19)94.62
<br />°%
<br />387,900.00
<br />Operating Income (Loss)
<br />87 296.18
<br />58,685.00
<br />28,611.18
<br />148.76%
<br />34,700.00
<br />OTHER INCOME
<br />Interest Income
<br />369.82
<br />145.00_
<br />224.82
<br />255.05%
<br />350.00
<br />Total Other Income
<br />369.82
<br />145.00
<br />224.82
<br />255.05
<br />%350.00
<br />Net Income (Loss)
<br />87,666.00
<br />58,830.00N
<br />28,836.00
<br />149.02%
<br />36,050.00
<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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