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Love Civic Center
<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 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 />6 Months Ended
<br />6 Months Ended
<br />Mar 31, 2021
<br />Mar 31, 2021
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 204,528.71
<br />$ 162,500.00
<br />$ 42,028.71
<br />125.116 % $
<br />325,000.00
<br />R.V. Hook Up
<br />959.32
<br />950.00
<br />9.32
<br />100.98%
<br />7,500.00
<br />Misc Income
<br />400.00
<br />400.00
<br />0.D0
<br />100.00%
<br />1,800.00
<br />Rent
<br />16,560.15
<br />47,498.00
<br />(28,935.85)
<br />39.08%
<br />95,000.00
<br />Refunded Deposits
<br />(4,910.00)
<br />(4,998.00)
<br />88.00
<br />98.24%
<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 />96.35
<br />100.00
<br />(3.65)
<br />0.0D %
<br />400.00
<br />Bicycle Rentals
<br />.604.59
<br />675.00
<br />(70AI
<br />89.57%
<br />2,500.00
<br />Total Revenue
<br />220,239.12
<br />207,123.00
<br />15,116.12
<br />106.33%
<br />422,11100.00
<br />Gross Profit
<br />220,239.12
<br />207,123.00
<br />_ _ 13,116.12
<br />106.33%
<br />422„600.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />66.43
<br />252.00
<br />(185.57)
<br />26.36%
<br />5D0.00
<br />Communications
<br />3,798.60
<br />2,748.00
<br />1,050.60
<br />138.23 %
<br />5,500.00
<br />Office Expense
<br />650.97
<br />800.00
<br />(149.03)
<br />81.37%
<br />800.00
<br />Payroll Expenses
<br />48,364.60
<br />49,998.00
<br />(1,633.40)
<br />96.73%
<br />100,000.00
<br />Payroll Tax Expense
<br />3,696.04
<br />4,002.00
<br />(305.96)
<br />92.35%
<br />81000.00
<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 />3,073.68
<br />3,000.00
<br />73.68
<br />102.45%
<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 />11,551.72
<br />19,998.00
<br />(8,446.28)
<br />57.76%
<br />40,000.00
<br />Water
<br />3,063.52
<br />1,998.00
<br />1,065.52
<br />153.33%
<br />4,000.00
<br />Gas
<br />3,527.99
<br />3,425.00
<br />102.99
<br />103.01 %
<br />4,300.00
<br />Trash Disposal
<br />3,218.24
<br />2,502.00
<br />716.24
<br />128.63%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />1,660.78
<br />1,500.00
<br />160.78
<br />110.72%
<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 />100.34%
<br />2,000.00
<br />Building Maint./Spis/Equip
<br />35,700.38
<br />35,000.00
<br />700.38
<br />102.00%
<br />99,000.00
<br />Security
<br />1,326.90
<br />1,374.00
<br />(47.10)
<br />96.57%
<br />2,750.00
<br />Staff Ins./Retirement
<br />5,087.45
<br />41248.00
<br />839.45
<br />119.76%
<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 8 Officers
<br />1,559.64
<br />1,500.00
<br />59.84
<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 />Mise Expenses
<br />331.44
<br />340.00
<br />(8.56)
<br />97.48%
<br />1,000.00
<br />Ground Maintenance
<br />3,530.83
<br />4,120.00
<br />(589.17)
<br />65.70%
<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 Improvements
<br />0.00
<br />0.00_
<br />0.00
<br />0.00%
<br />50 000.00
<br />Total Operating Expenses
<br />161,211.06
<br />160,606.00(P
<br />29� 3 9611)
<br />94.21%
<br />387,900.00
<br />Operating Income (Loss)
<br />____69j028.07
<br />46,618.00
<br />22 410.07
<br />148.07%
<br />34,700.00
<br />OTHER INCOME
<br />Interest Income
<br />385.56
<br />174.00
<br />211.56
<br />221.69%
<br />350.00
<br />Total Other income
<br />385.56
<br />174.00
<br />211.56
<br />221.59%
<br />350.00
<br />Net Income (Loss)
<br />_ 69,413.63
<br />46,792.00
<br />22 621;63
<br />148.35%
<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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