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Love Civic Center
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the 1 Month Ended February 28, 2021 and 2020 and 5 Months Ended February 29, 2020
<br />Financial statement preparation service provided by Malnory, McNeal 8c 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 5 Months Ended
<br />Feb 28, 2021
<br />Feb 26, 2021
<br />Feb 29, 2020
<br />Feb 29, 2020
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Motel Tax
<br />$ 95,788.30
<br />3 81,250.00
<br />$ 52,179.86 $
<br />164,949.24
<br />R.V. Hook Up
<br />0.00
<br />0.00
<br />1,015.70
<br />2,648.97
<br />Rent
<br />(1,300.00)
<br />7,915.00
<br />19,857.95
<br />61,888.13
<br />Refunded Deposits
<br />(2,400.00)
<br />(833.00)
<br />(600.00)
<br />(6,050.00)
<br />Bicycle Rentals
<br />44.49
<br />_ 1 .4
<br />.......................................1..5.O.,OP
<br />,................. 171.15
<br />_ . 1 14102
<br />Total Revenue_
<br />,
<br />2
<br />72,624 66 _____E4,577.36
<br />Operating Expenses
<br />Bank Service Charge
<br />7.46
<br />42.00
<br />11.20
<br />362.56
<br />Communications
<br />1,397.60
<br />458.00
<br />250.40
<br />1,895.77
<br />Office Expense
<br />0.00
<br />0.00
<br />108.24
<br />596.47
<br />Payroll Expenses
<br />7,484.40
<br />8,333.00
<br />7,914.98
<br />41,019.35
<br />Payroll Tax Expense
<br />583.57
<br />667.00
<br />622.66
<br />3,155.13
<br />Marketing / Advertising
<br />66.00
<br />50.00
<br />0.00
<br />0.00
<br />Bookkeeping
<br />575.00
<br />500.00
<br />465.00
<br />2,216.68
<br />Membership Dues/Sub
<br />0.00
<br />0.00
<br />0.00
<br />156.00
<br />Electricity
<br />1,794.71
<br />3,333.00
<br />2,042.64
<br />12,090.96
<br />Water
<br />191.08
<br />333.00
<br />171.92
<br />1,623.31
<br />Gas
<br />772.50
<br />800.00
<br />481.04
<br />2,115.70
<br />Trash Disposal
<br />989.32
<br />417.00
<br />444.95
<br />2,469.75
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />250.00
<br />1,250.00
<br />Small Equipment
<br />0.00
<br />0.00
<br />109.98
<br />109.98
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />18,000.00
<br />Eiffel Tower Ughting/Maint
<br />351.20
<br />350.00
<br />0.00
<br />0.00
<br />Building MainL/Spls/Equip
<br />7,119.46
<br />7,200.00
<br />4,630.81
<br />17,869.55
<br />Security
<br />58.95
<br />229.00
<br />58.95
<br />294.75
<br />Staff Ins./Retirement
<br />563.94
<br />708.00
<br />531.90
<br />3,072.42
<br />Building Insurance
<br />0.00
<br />0.00
<br />0.00
<br />4,521.23
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />3,067.05
<br />Workers Comp. Insurance
<br />0.00
<br />0.00
<br />0.00
<br />664.00
<br />Directors & Officers
<br />0.00
<br />0.00
<br />0.00
<br />1,435.33
<br />Misc Expenses
<br />54.99
<br />50.00
<br />78.69
<br />601.78
<br />Ground Maintenance
<br />582.50
<br />730.00
<br />582.50
<br />4,398.29
<br />Bicycles & Related Expenses
<br />0.34
<br />0.00
<br />263.86
<br />296.76
<br />Cost of Issuance
<br />0.00
<br />0.00
<br />63,500.00
<br />63,500.00
<br />Cleaning
<br />0.00
<br />0.00
<br />0.00
<br />30.42
<br />Total Operating Expenses
<br />22,843.02
<br />24,450.00
<br />82,519.72
<br />186,913.24
<br />Operating Income (Loss)
<br />69,389.77
<br />64,033.00
<br />(9,895.06
<br />37,664.12
<br />Other Income
<br />Interest Income
<br />14.21
<br />29.00,
<br />_ 66.59
<br />_ _ 575.93
<br />Total Other Income
<br />14.21
<br />29.00
<br />66.59
<br />575.93
<br />Net Income (Loss)
<br />!L__ j9$403.98
<br />Mt 64,062.00
<br />$ 9,628.47 $
<br />38,240.05
<br />Financial statement preparation service provided by Malnory, McNeal 8c 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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