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Paris Visitor & Convention Council
<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
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 217,480.83
<br />$ 162,500.00 $
<br />54,980.83
<br />133.83% $
<br />650,000.00
<br />Hot Money Interest
<br />...._ . 20.08
<br />84.00
<br />(63.921
<br />23.90%
<br />250.00
<br />Total Revenue
<br />217,500.91
<br />_2
<br />162,.584.00
<br />64,916.91
<br />m 133.78 %
<br />650,260.00
<br />Operating Expenses
<br />Postage
<br />57.73
<br />65.00
<br />(7.27)
<br />88.82%
<br />1,000.00
<br />Misc Expenses
<br />1,153.35
<br />1,085.00
<br />68.35
<br />106.30%
<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 />59.58
<br />103.98%
<br />11500.00
<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./Retirement
<br />3,823.94
<br />2,832.00
<br />991.94
<br />136.03%
<br />8,500.00
<br />Meetings & Hosting
<br />51.49
<br />50.00
<br />1.49
<br />102.98%
<br />200.00
<br />Chamber Management
<br />10,000.00
<br />10,000.00
<br />0.00
<br />100.0()%
<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 />Iritown Auto/Exp Allowance
<br />800.00
<br />832.00
<br />(32.00)
<br />96.15%
<br />2,500.00
<br />Membership Dues/Sub.
<br />100.00
<br />458.00
<br />(358.00)
<br />21.83%
<br />51500.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,200.00
<br />Bookkeepiing
<br />1,941.66
<br />2,000.00
<br />(58.34)
<br />97.08%
<br />61000.00
<br />Payroll Expenses
<br />28,468.74
<br />27,340.00
<br />1,128.74
<br />104.13%
<br />82,025.00
<br />Payroll Tax Expense
<br />2,216.24
<br />2,148.00
<br />88.24
<br />103.18%
<br />6,450.00
<br />Office Expense
<br />1,042.50
<br />664.00
<br />378.50
<br />157.00%
<br />2,000.00
<br />Communications
<br />1,597.40
<br />832.00
<br />765.40
<br />192.00%
<br />2,500.00
<br />Historical Museum
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,500.00
<br />Bank Service Charge_
<br />179.15
<br />164.00
<br />15.15
<br />109.24%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />108,740.41
<br />81,250.00
<br />27,490.41
<br />133.83%
<br />325,000.00
<br />Market[6g / Advertising
<br />14,465.73
<br />16,000.00
<br />(1,534.27)
<br />90.41 %
<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 />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,500.00
<br />Events Promotion / Funding
<br />4,010.00
<br />4,000.00
<br />10.00
<br />100.25%
<br />44,000.00
<br />Arts All
<br />71000.00
<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 />. 4,000.00
<br />_ 41000.00
<br />0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />P 9 P
<br />216,269.06
<br />186 925.86
<br />26,343.22
<br />116.16%
<br />706,530.66
<br />Operating Income Loss
<br />(Loss)
<br />2 231.83
<br />X24,341:86)
<br />26,573.69
<br />('9. 7% (56,280.66)
<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 />1,240.00
<br />460.00
<br />137.10%
<br />5,000.00
<br />Tour de Paris Income
<br />17,942.78
<br />18,000.00
<br />(57.22)
<br />99.68%
<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 />Souvenir Sales
<br />642.57
<br />710.00
<br />(67.43)
<br />90.50%
<br />8,000.00
<br />Interest Income
<br />5012
<br />84.0033.88
<br />59.67%
<br />250.00
<br />Total Not -Hot Income
<br />20,346.16
<br />20,044.50
<br />301.66
<br />101.50 °%
<br />72,250.00
<br />NOT -HOT EXPENSES
<br />Credit Card Fees
<br />814.80
<br />500.00
<br />314.80
<br />162.96%
<br />1,500.00
<br />Trolley Driver
<br />357.00
<br />375.00
<br />(18.00)
<br />95.20%
<br />11800.00
<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 />781.44
<br />700.00
<br />81.44
<br />111.63%
<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 />2,519.89
<br />0.00
<br />2,519.89
<br />0.00%
<br />0,00
<br />Total Not -Hot Expenses
<br />6,952.02
<br />4,125.00
<br />2,627.02
<br />168.53%
<br />15400.00
<br />Net Income (Loss)
<br />$ 15 625.97$
<br />(8,422.36) $_
<br />24,048.33
<br />(165.53)%
<br />569.14
<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 />
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