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Paris Visitor & Convention Council
<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 />6 Months Ended
<br />5 Months Ended
<br />Feb 28, 2021
<br />Feb 28, 2021
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 409,057,43
<br />$ 325,000.00 $
<br />84,057.43
<br />125.86% $
<br />650,000.00
<br />Not Money Interest
<br />29,13
<br />705.00,
<br />-e(775.87)
<br />... 27.74%
<br />250.00
<br />Total Revenue
<br />409086.56
<br />325,105.00
<br />83,987.56
<br />126.83%
<br />650,250.00
<br />Operating Expenses
<br />Postage
<br />63.86
<br />65.00
<br />(1.14)
<br />98.25%
<br />1,000.00
<br />Misc Expenses
<br />1,210.42
<br />1,085.00
<br />125.42
<br />111.56%
<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 />59.68
<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 />Workers Comp
<br />821.30
<br />650.00
<br />(28.70)
<br />95.58%
<br />1,000.00
<br />Staff lnsJRetirement
<br />4,373.97
<br />3,540.00
<br />833.97
<br />123.56%
<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 />20,000.00
<br />20,000.00
<br />0.00
<br />100.00%
<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 />Intown Auto/Exp Allowance
<br />1,000.00
<br />1,040.00
<br />(40.00)
<br />96.15%
<br />2,500.00
<br />Membership Dues/Sub.
<br />100.00
<br />458.00
<br />(358.00)
<br />21.83%
<br />5,500.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,200.00
<br />Bookkeeping
<br />2,516.66
<br />2,500.00
<br />16.66
<br />100.67%
<br />6,000.00
<br />Payroll Expenses
<br />34,886.86
<br />34,175.00
<br />691.86
<br />102.02%
<br />82,025.00
<br />Payroll Tax Expense
<br />2,754.99
<br />2,685.00
<br />69.99
<br />102.61 %
<br />6,450.00
<br />Office Expense
<br />1,428.91
<br />830.00
<br />598.91
<br />172.16%
<br />2,000,00
<br />Communications
<br />2,141.98
<br />1,040.00
<br />1,101.98
<br />205.96%
<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 />216.61
<br />205.00
<br />11.61
<br />105.66%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />204,528.71
<br />162,500.00
<br />42,028.71
<br />125.86%
<br />325,000.00
<br />Marketing/Advertising
<br />17,709.19
<br />16,000.00
<br />1,709.19
<br />110.68%
<br />65,000.00
<br />Chaparral Square Dancers
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,1.00.00
<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 />5,500.00
<br />0.00
<br />5,500.00
<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 Allocation
<br />7,000.00
<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 />5,000.00
<br />5 000.00
<br />0.00
<br />100.00, °%
<br />12 000.00
<br />Total Operating Expenses
<br />340,094.39
<br />288378.86
<br />51 775.53
<br />117.93%
<br />706,530.86
<br />Operating Income (Loss)68,99217
<br />36726.14 ______32,266.03
<br />187.86 %
<br />56,280.86'
<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 I Historical
<br />1,700.00
<br />1,710.00
<br />(10.00)
<br />99.42%
<br />5,000.00
<br />Tour de Paris Income
<br />18,322.78
<br />18,000.00
<br />322.78
<br />101.79%
<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 />7,000.01)
<br />Red Bull Qualifier
<br />16,500.00
<br />0.00
<br />15,500.00
<br />0.00
<br />Souvenir Sales
<br />859.57
<br />710.00
<br />149.57
<br />121.07%
<br />8,000.00
<br />Interest Income
<br />.. 61.74
<br />5...�
<br />105.0043
<br />28
<br />68.80%
<br />250.00
<br />Total Not -Hot Income
<br />37,454.78
<br />20,535.50
<br />6 919.28
<br />7a
<br />182.39%
<br />72,290.00.,
<br />NOT -HOT EXPENSES
<br />Credit Card Feels
<br />927.12
<br />625.00
<br />302.12
<br />148.34%
<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 />975.76
<br />875.00
<br />100.76
<br />111.52%
<br />2,100.00
<br />Souvenir Exp
<br />132.00
<br />150.00
<br />(18.00)
<br />88.00%
<br />5,000.00
<br />Red Bull Qualifier Exp
<br />42.15
<br />0.00
<br />42.15
<br />0.00
<br />Misc NH Expense
<br />2,519.89
<br />0.00
<br />2,519.89
<br />0.00%
<br />, _ m_0.00
<br />Total Not -Hot Expenses
<br />7,300.81
<br />- - _4,_425.00
<br />2,875.87
<br />164.99%
<br />16,400.00,
<br />Net Income Loss
<br />(Loss)
<br />$ 99 746.14
<br />, ,
<br />$ 52 836.64
<br />„mm $
<br />46,309.50m
<br />167.66%
<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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