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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 9 Months Ended June 30, 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 acoordarice with the modified cash basis of
<br />accounting are omitted and no assurance is provided
<br />9 Months Ended
<br />9 Months Ended
<br />Jun 30, 2021
<br />Jun 30, 2021
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 635,217.09
<br />$ 487,500.00 $
<br />147,717.09
<br />130.30% $
<br />650,000.00
<br />Hot Money Interest
<br />364.32
<br />189.00,
<br />175.32
<br />192.76%
<br />250.00
<br />Total Revenue
<br />635 681.41
<br />487,689.00
<br />147,892.41
<br />130.33%
<br />66025000
<br />Operating Expenses
<br />Postage
<br />124.49
<br />130.00
<br />(5.51)
<br />95.76%
<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 Llability
<br />434.97
<br />1,500.00
<br />(1,065.03)
<br />29.00%
<br />1,500.00
<br />D & 0 Insurance
<br />1,559.68
<br />1,500.00
<br />69.68
<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 />Worker's Comp
<br />621.30
<br />650.00
<br />(28.70)
<br />95.58%
<br />1,000.00
<br />Staff Ins./Refirement
<br />7,141.57
<br />6,372.00
<br />769.57
<br />112.08%
<br />8,506.00
<br />Meetings & Hosting
<br />74.74
<br />75.00
<br />(0.26)
<br />99.65%
<br />200.00
<br />Chamber Management
<br />30,000.00
<br />30,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Out of Town Travel
<br />405.73
<br />400.00
<br />5.73
<br />101.43%
<br />1,500.01)
<br />Intown AuW/Exp Allowance
<br />11800.00
<br />1,872.00
<br />(72.00)
<br />96.15%
<br />2,600.00
<br />Membership Dues/Sub.
<br />100.00
<br />458.00
<br />(358.00)
<br />21.83%
<br />5,506.00
<br />Audit
<br />2,333.33
<br />2,20D.00
<br />133.33
<br />106.06%
<br />2,200.00
<br />Bookkeeping
<br />4,357.66
<br />4,500.00
<br />(142.34)
<br />96.84%
<br />6,000.00
<br />Payroll Expenses
<br />61,506.38
<br />61,515.00
<br />(8.62)
<br />99.99%
<br />82,025.00
<br />ABBS Wage Reimburement
<br />(1,752,35)
<br />0.00
<br />(1,752.35)
<br />0.00%
<br />0.00
<br />Payroll Tax Expense
<br />4,850.73
<br />4,833.00
<br />17.73
<br />100.37%
<br />6,450.00
<br />Office Expense
<br />2,210.54
<br />1,494.00
<br />716.54
<br />147.96%
<br />2,000.00
<br />Communications
<br />2,116.98
<br />1,872.00
<br />244.98
<br />113.09 %
<br />2,500.00
<br />Historical Museum
<br />3,500.00
<br />3,500.00
<br />0.00
<br />100.00%
<br />3,600.00
<br />Bank Service Charge
<br />366.45
<br />369.00
<br />(2.55)
<br />99.31%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />317,608.54
<br />243,750.00
<br />73,858.54
<br />130.30%
<br />325,000.00
<br />Marketing / Advertising
<br />48,835.44
<br />47,600.00
<br />1,235.44
<br />102.60%
<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 />11,673.06
<br />11,800.00
<br />(126.94)
<br />98.92%
<br />28,000.00
<br />ASA
<br />31,125.50
<br />27,000.60
<br />4;125.50
<br />115.28%
<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 />7,000.00
<br />7,000.00
<br />0:00
<br />100.00%
<br />7,000.00
<br />TMBRA Bicycle Race Exp
<br />6,418.00
<br />5,500.00
<br />918.00
<br />116.89%
<br />6,500.01)
<br />Red Bull Qualifier Exp
<br />21,942.46
<br />0.00
<br />21,942.46
<br />0.00%
<br />0.00
<br />Events Promotion / Funding
<br />17,119.50
<br />18,000.00
<br />(880.50)
<br />95.11 %
<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 />11,865.86
<br />11,855.86
<br />0.00
<br />100.00%
<br />11,856.86
<br />Rent to COC
<br />9,000.00
<br />9,000.00
<br />0.00
<br />100.00%
<br />_ _ 12,000.00
<br />Total Operating Expenses
<br />612858.98
<br />613,130.86
<br />99, 728.12
<br />119.44 °�6
<br />706,630.86
<br />Operating Income (Loss)
<br />22,722.4325
<br />441.86
<br />48164.29
<br />189.31)%
<br />SB 280.86
<br />NOT -HOT INCOME
<br />Misc Income
<br />10.89
<br />10.50
<br />0.19
<br />101.81 %
<br />1,000.00
<br />Trolley/ Historical
<br />2,250.00
<br />3,590.00
<br />(1,340.00)
<br />62.67%
<br />5,000.00
<br />Tour de Paris Income
<br />33,294.78
<br />32,300.00
<br />994.78
<br />103.08%
<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 />Red Bull Qualifier
<br />28,343.00
<br />0.00
<br />28,343.00
<br />0.00%
<br />0.00
<br />Souvenir Sales
<br />1,979.17
<br />1,435.00
<br />544.17
<br />137.92%
<br />8,000.00
<br />Interest Income
<br />90245
<br />189.00
<br />713.45
<br />477.49 %v
<br />250.00
<br />Total Not -Hot Income
<br />6678009
<br />37,624.50
<br />_,
<br />177.96%
<br />72,250.00
<br />NOT -HOT EXPENSES
<br />Credo Card Fees
<br />1,811.40
<br />1,125.00
<br />686.40
<br />161.01 %
<br />11500.00
<br />Trolley Driver
<br />629.00
<br />675.00
<br />(46.00)
<br />93.19%
<br />1,800.00
<br />Trolley Expenses
<br />2,421.89
<br />2,475.00
<br />(53.11)
<br />97.85%
<br />5,000.00
<br />Trolley Insurance
<br />1,753.04
<br />1,575.00
<br />178.04
<br />111.30%
<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 />mm _92267.22
<br />6,000.00
<br />3,267.22
<br />154.45%
<br />16 400.00
<br />Net Income (Loss)
<br />$ 80,235.30
<br />6 082.64
<br />$ 74 62,66,
<br />1319.0.9%
<br />$69.14
<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 acoordarice with the modified cash basis of
<br />accounting are omitted and no assurance is provided
<br />
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