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Paris Visitor 8r Convention Council
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For 1 Month Ended February 28, 2021 and 2020 and 5 Months Ended February 29, 2020
<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 />1 Month Ended
<br />1 Month Ended
<br />1 Month Ended
<br />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 />Actual
<br />REVENUE
<br />Hotel / Motel Occupancy Tax
<br />$ 191,575.60
<br />$ 162,500.00
<br />$ 104,359.72
<br />$ 329,898.48
<br />Hot Money Interest
<br />__ 9.05
<br />21.00
<br />_ 2.58
<br />103.18
<br />Total Revenue
<br />199,585.85
<br />162,521.00
<br />104,362.30
<br />330,001.66
<br />OPERATING EXPENSES
<br />Postage
<br />6.13
<br />0.00
<br />90.82
<br />213.71
<br />Misc Expenses
<br />57.07
<br />0.00
<br />68.96
<br />452.52
<br />D & O Insurance
<br />0.00
<br />0.00
<br />0.00
<br />1,435.34
<br />Worker's Comp
<br />0.00
<br />0.00
<br />0.00
<br />664.00
<br />Staff Ins.lRetiremant
<br />550.03
<br />708.00
<br />531.05
<br />3,169.31
<br />Meetings 8 Hosting
<br />0.00
<br />0.00
<br />0.00
<br />97.72
<br />Chamber Management
<br />10,000.00
<br />10,000.00
<br />10,000.00
<br />20,000.00
<br />Out of Town Travel
<br />0.00
<br />0.00
<br />110.09
<br />608.33
<br />Intown Auto/Exp Allowance
<br />200.00
<br />208.00
<br />200.00
<br />1,000.00
<br />Membership Dues/Sub.
<br />0.00
<br />0.00
<br />0.00
<br />675.00
<br />Bookkeeping
<br />575.00
<br />500.00
<br />465.00
<br />2,216.66
<br />Payroll Expenses
<br />6,398.12
<br />6,835.00
<br />6,398.12
<br />34,474.06
<br />ABBS Wage Reimburement
<br />0.00
<br />0.00
<br />0.00
<br />(1,632.56)
<br />Payroll Tax Expense
<br />538.75
<br />537.00
<br />535.36
<br />2,727.29
<br />Office Expense
<br />386.41
<br />166.00
<br />324.19
<br />1,195.94
<br />Communications
<br />707.90
<br />208.00
<br />0.00
<br />518.43
<br />Bank Service Charge
<br />37.46
<br />41.00
<br />7.46
<br />37.30
<br />Motel Tax Transferred to LCC
<br />95,788.30
<br />81,250.00
<br />52,179.86
<br />164,949.24
<br />Marketing / Advertising
<br />3,243.46
<br />0.00
<br />3,493.87
<br />12,213.22
<br />Tour de Paris Exp
<br />0.00
<br />0.00
<br />1,079.08
<br />1,079.08
<br />ASA
<br />0.00
<br />0.00
<br />208.00
<br />208.00
<br />TMBRA Bicycle Race Exp
<br />5,500.00
<br />0.00
<br />0.00
<br />0.00
<br />Events Promotion / Funding
<br />0.00
<br />0.00
<br />1,112.50
<br />12,926.50
<br />Arts Allocation
<br />0.00
<br />0.00
<br />0.00
<br />7,000.00
<br />Baseball Field Lighting
<br />0.00
<br />0.00
<br />0.00
<br />11,855.86
<br />Rent to COC
<br />1,000.00
<br />'s0000
<br />-
<br />5,000.00
<br />Total Operating Expenses
<br />124,988.63
<br />101,453.00
<br />77,794.36
<br />283„084.95
<br />Operating Income (Loss)
<br />____66,697.02
<br />61,068.00
<br />26,567.94
<br />46,916.71
<br />NOT -HOT INCOME
<br />Mist: Income
<br />0.00
<br />0.00
<br />94.00
<br />96.16
<br />Trolley / Historical
<br />0.00
<br />470.00
<br />450.00
<br />2,875.00
<br />Tour de Paris Income
<br />380.00
<br />0.00
<br />100.00
<br />100.00
<br />Red Bull Qualifier
<br />16,500.00
<br />0.00
<br />0.00
<br />0.00
<br />Souvenir Sales
<br />217.00
<br />0.00
<br />1,218.17
<br />3,104.49
<br />Interest Income
<br />22.21
<br />_ 116.88
<br />Total Other Income
<br />17,108.62
<br />491.00
<br />1w884.35
<br />6,292.53
<br />NOT -HOT EXPENSES
<br />Credit Card Fees
<br />112.32
<br />125.00
<br />125.51
<br />736.58
<br />Trolley Driver
<br />0.00
<br />0.00
<br />190.00
<br />1,080.00
<br />Trolley Expenses
<br />0.00
<br />0.00
<br />245.00
<br />2,265.87
<br />Trolley Insurance
<br />194.32
<br />175.00
<br />175.82
<br />883.27
<br />Souvenir Exp
<br />0.00
<br />0.00
<br />550.00
<br />2,039.64
<br />Red Bull Qualifier Exp
<br />42.15
<br />0.00
<br />0.00
<br />0.00
<br />Total Not -Hot Expenses
<br />348.79
<br />300.00
<br />1,286.33
<br />6,985.36
<br />Net Income (Lose)
<br />$ 831356.85
<br />$ __ 61,259.00
<br />$ 27,165.99
<br />$ 46,223.88
<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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