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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 7 Months Ended April 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 accordance with the modified cash basis of
<br />accounting are omitted and no assurance is provided
<br />7 Months Ended
<br />7 Months Ended
<br />Apr 30, 2021
<br />Apr 30, 2021
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 204,528.71
<br />$ 162,500.00
<br />$ 42,028.71
<br />125.86%
<br />$ 325,000.00
<br />R.V. Hook Up
<br />1,735.07
<br />1,750,00
<br />(14.93)
<br />99.15%
<br />7,500.00
<br />Misc Income
<br />400.00
<br />400.00
<br />0.00
<br />100.00%
<br />1,800.00
<br />Rent
<br />24,242.33
<br />55,412.00
<br />(31,159.67)
<br />43.76%
<br />95,000.00
<br />Refunded Deposits
<br />(4,910.00)
<br />(5,831.00)
<br />921.00
<br />84.21 %
<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 />292.70
<br />300.00
<br />(7.30)
<br />0.00%
<br />400.00
<br />Bicycle Rentals
<br />1,239.11
<br />1,325.00
<br />. .89)
<br />93.52 %
<br />2,500.00
<br />Total Revenue
<br />227,627.92
<br />215,856.00
<br />11,671.92
<br />105.41 %
<br />422,600.00
<br />Gross Profit
<br />227,627.92
<br />216,856.00
<br />11,671.92
<br />106.41%
<br />422,600.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />75.16
<br />294.00
<br />(218.24)
<br />25,77%
<br />500.00
<br />Communications
<br />4,011.49
<br />3,206.00
<br />805.49
<br />125.12%
<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 />56,760.86
<br />58,331.00
<br />(1,570.14)
<br />97.31 %
<br />100,000.00
<br />Payroll Tax Expense
<br />4,336.07
<br />4,669.00
<br />(332.93)
<br />92.87%
<br />8,000.00
<br />Marketing / Advertising
<br />906.34
<br />1,000.00
<br />(93.66)
<br />90.63%
<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 />3,458.68
<br />3,500.00
<br />(41.32)
<br />98.82%
<br />6,000.00
<br />Membership Dues/Sub
<br />168.00
<br />200.00
<br />(32.00)
<br />84.00%
<br />200.00
<br />Utilities
<br />54.54
<br />0.00
<br />54.54
<br />0.00
<br />Electricity
<br />13,795.96
<br />23,331.00
<br />(9,535.04)
<br />59.13%
<br />40,000.00
<br />Water
<br />3,191.50
<br />2,331.00
<br />860.50
<br />136.92%
<br />4,000.00
<br />Gas
<br />3,930.75
<br />3,825.00
<br />105.75
<br />102,76%
<br />4,300.00
<br />Trash Disposal
<br />3,463.73
<br />2,919.00
<br />544.73
<br />118.66%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />1,910.78
<br />1,750.00
<br />160.78
<br />109.19%
<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./Spls/Equip
<br />41,372.12
<br />41,000.00
<br />372.12
<br />100.91 %
<br />99,000.00
<br />Security
<br />1,110.45
<br />1,603.00
<br />(492.55)
<br />69.27%
<br />2,750.00
<br />Staff InsJRetimment
<br />5,651.39
<br />4,956.00
<br />695.39
<br />114.03%
<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 />1,344.25
<br />39700.00
<br />(2,355.75)
<br />36.33%
<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 & Officers
<br />1,559.64
<br />1,500.00
<br />59.64
<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 />Misc lenses
<br />377.21
<br />390.00
<br />(12.79)
<br />96.72%
<br />1,000.00
<br />Ground Maintenance
<br />4,149.16
<br />4,850.00
<br />(700.84)
<br />86.55%
<br />8,500,00
<br />Bicycles & Related Expenses
<br />671.80
<br />650.00
<br />21.80
<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 />171,923.96
<br />183,805.0011Q
<br />881.04)
<br />93.54%
<br />387,900.00
<br />Operating Income (Loss)
<br />56,603.96
<br />32,061.00
<br />23,652.96
<br />173.49%
<br />34n700.00
<br />OTHER INCOME
<br />Interest Income407.93
<br />.. ... w .w Y.
<br />._.w� _. .w 203.00
<br />204.93
<br />200.95%
<br />350.00
<br />Total Other Income
<br />407.93
<br />203.00
<br />204.93
<br />200.95%
<br />350.00
<br />Net Income (Loss)
<br />56,011.89
<br />32,254.00
<br />23,757 rv89
<br />173.66%
<br />35,1150.011
<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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