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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 8 Months Ended May 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 casb basis of
<br />accounting are omitted and no assurance is provided
<br />8 Months Ended
<br />8 Months Ended
<br />May 31, 2021
<br />May 31, 2021
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 317,608.54
<br />$ 243,750.00
<br />$ 73,858.54
<br />130.30% $
<br />325,000.00
<br />R.V. Hook Up
<br />1,971.34
<br />2,000.00
<br />(28.66)
<br />98.67%
<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 />31,163.62
<br />63,328.00
<br />(32,164.38)
<br />49.21%
<br />95,000.00
<br />Refunded Deposits
<br />(6,210.00)
<br />(6,664.00)
<br />454.00
<br />93.19%
<br />(10,000.00)
<br />Booth Rental
<br />0.00
<br />0.00
<br />0.00
<br />0100%
<br />400.00
<br />Tower Lighting
<br />292.70
<br />300.00
<br />(7.30)
<br />97.57%
<br />400.00
<br />Bicycle Rentals
<br />I L737.80
<br />2.000.00
<br />_ _ 262.20)
<br />6.89% _.
<br />2,500.00
<br />Total Revenue
<br />_ 346,964.00
<br />305,114.00
<br />41,850.00
<br />113.72%
<br />422,600.00
<br />Gross Profit
<br />946964.00
<br />305,114.00
<br />41„850.00
<br />113.72%
<br />422,600.00
<br />OPERATING EXPENSES
<br />Bank Service Chafge
<br />85.09
<br />336.00
<br />(250.91)
<br />25.32%
<br />500.00
<br />Communications
<br />4,437.27
<br />3,664.06
<br />773.27
<br />121.10%
<br />5,500.00
<br />Office Expense
<br />714.06
<br />800.00
<br />(85.94)
<br />89.26%
<br />800.00
<br />Payroll Expenses
<br />64,563.46
<br />66,664.00
<br />(2,100.54)
<br />96.85%
<br />100,000.00
<br />Payroll Tax Expense
<br />4,929.39
<br />5,336.00
<br />(406.61)
<br />92.38%
<br />8,000.00
<br />Marketing/Advertising
<br />1,022.34
<br />1,125.00
<br />(102.66)
<br />90.87%
<br />5,000.00
<br />Audit
<br />2,333.33
<br />2,000.00
<br />333.33
<br />116.07%
<br />2,000.00
<br />Bookkeeping
<br />3,937.01
<br />4,000.00
<br />(62.99)
<br />98.43%
<br />6,000.00
<br />Membership Dues/Sub
<br />168.00
<br />200.00
<br />(32.00)
<br />.84.00%
<br />200.00
<br />Electricity
<br />15,773.70
<br />26,664.00
<br />(10,890.30)
<br />59.16%
<br />40,000.00
<br />Water
<br />3,603.62
<br />2,664.00
<br />939.62
<br />135.27%
<br />4,000.00
<br />Gas
<br />4,190.17
<br />3,920.00
<br />270.17
<br />106.89%
<br />4,300.00
<br />Trash Disposal
<br />3,463.73
<br />3,336.00
<br />127.73
<br />103.83%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />2,160.78
<br />2,000.00
<br />160.78
<br />108.04 %
<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 />2,060.00
<br />Building Maint./Spls/Equip
<br />46,124.17
<br />45,000.00
<br />124.17
<br />100.27%
<br />99,000.00
<br />Security
<br />1,226.40
<br />1,832.00
<br />(605.60)
<br />66.94%
<br />2,750.00
<br />Staff Ins./Retirement
<br />6,215.33
<br />5,664.00
<br />551.33
<br />109.73%
<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 />2,300.00
<br />(955.75)
<br />58.45%
<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 "A
<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 Expenses
<br />479.12
<br />490:00
<br />(10.88)
<br />97.78%
<br />1,000.00
<br />Ground Maintenance
<br />4,149.16
<br />5,580.00
<br />(1,430.84)
<br />74.36%
<br />8,500.00
<br />Bicycles & Related Expenses
<br />926.03
<br />900.00
<br />26.03
<br />102.89%
<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 />0 00.00
<br />Total Operating Expenses113
<br />192 378.56
<br />205,975.00
<br />696.44
<br />93AD %
<br />387,900.00
<br />Operating Income (Loss)
<br />154 68S.44
<br />99,139.00
<br />55,446A4
<br />155.93%
<br />34,700.00
<br />OTHER INCOME
<br />Interest Income
<br />422.69
<br />232.00
<br />190.69
<br />182.19%
<br />350.00,
<br />Total Other Income
<br />422.69
<br />232.00
<br />190.69
<br />182.19%
<br />350.00
<br />Net Income (Loss)
<br />_ 155 008.13
<br />99371.00
<br />,. 56.631.13
<br />165.99%
<br />X35,060.00
<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 casb basis of
<br />accounting are omitted and no assurance is provided
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