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Love Civic Center
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the 1 Month Ended May 31, 2021 and 2020 and 8 Months Ended May 31, 2020
<br />Financial statement preparation scivice 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 />8 Months Ended
<br />May 31, 2021
<br />May 31, 2021
<br />May 31, 2020
<br />May 31, 2020
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Motel Tax
<br />$ 113,079.83
<br />$ 81,260.00
<br />$ 74,098.80
<br />$ 239,048.04
<br />R.V. Hook Up
<br />236.27
<br />250.00
<br />0.00
<br />3,726.57
<br />Misc Income
<br />0.00
<br />0.00
<br />26.00
<br />26.00
<br />Rent
<br />6,921.29
<br />7,916.00
<br />13,312.50
<br />83,450.63•
<br />Refunded Deposits
<br />(1,300.00)
<br />(833.00)
<br />(200.00)
<br />(8,850.00)
<br />Bicycle Rentals
<br />498.69
<br />675.00
<br />102.56
<br />1,482.23
<br />Total Revenue
<br />1.08
<br />�n X892268.00
<br />87,339.86
<br />318,883.47
<br />Operating Expenses
<br />Bank Service Charge
<br />9.33
<br />42.00
<br />9.33
<br />394.28
<br />Communications
<br />425.78
<br />458.00
<br />459.34
<br />3,068.57
<br />Office Expense
<br />6309
<br />0.00
<br />43.18
<br />832.60
<br />Payroll Expenses
<br />7,802.60
<br />8,333.00
<br />8,087.72
<br />64,394.34
<br />Payroll Tax Expense
<br />593.32
<br />667.00
<br />816.77
<br />5,002.77
<br />Marketing / Advertising
<br />116.00
<br />125.00
<br />0.00
<br />0.00
<br />Audit
<br />2,333.33
<br />2,000.00
<br />0.00
<br />1,983.00
<br />Bookkeeping
<br />478.33
<br />500.00
<br />398.34
<br />3,385.02
<br />Membership Dues/Sub
<br />0.00
<br />0.00
<br />0.00
<br />324.00
<br />Electricity
<br />1,977.74
<br />3,333.00
<br />2,162.46
<br />18,301.99
<br />Water
<br />357.58
<br />333.00
<br />171.92
<br />2,191.22
<br />Gas
<br />259.42
<br />95.00
<br />279.17
<br />3,094.89
<br />Trash Disposal
<br />0.00
<br />417.00
<br />444.95
<br />3,804.60
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />250.00
<br />2,000.00
<br />Small Equipment
<br />0.00
<br />0.00
<br />0.00
<br />109.98
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />18,000.00
<br />Building Malnt./Spls/Equip
<br />4,752.05
<br />5,000.00
<br />638.11
<br />22,072.62
<br />Security
<br />115.95
<br />229.00
<br />58.95
<br />2,009.85
<br />Staff 1ns./ReOrement
<br />563.94
<br />708.00
<br />531.90
<br />5,620.82
<br />Building Insurance
<br />0.00
<br />0.00
<br />0.00
<br />4,521.23
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />3,067.05
<br />Workers Comp. Insurance
<br />0.00
<br />0.00
<br />0.00
<br />664.00
<br />Directors & Officers
<br />0.00
<br />0.00
<br />0.00
<br />1,435.33
<br />Mlsc Expenses
<br />101.91
<br />100.00
<br />18.98
<br />656.36
<br />Ground Maintenance
<br />0.00
<br />730.00
<br />0.00
<br />4,398.29
<br />Bicycles & Related Expenses
<br />254.23
<br />250.60
<br />0.00
<br />296.76
<br />Cast of Issuance
<br />0.00
<br />0.00
<br />0.00
<br />63,500.00
<br />Cleaning
<br />0.00
<br />0.00
<br />_ 0.00
<br />30.42
<br />Total Operating Expenses
<br />20,4
<br />23,57 .
<br />14,171.12
<br />235„159.99
<br />Operating Income (Loss)
<br />98,981.48
<br />65,688.00
<br />731168.74
<br />83,723.48
<br />Other Income
<br />Interest Income
<br />.� m 14.76
<br />29.00
<br />20.31
<br />643.20
<br />Total Other Income
<br />14.76
<br />29.00
<br />20.31
<br />643.20
<br />Net Income (Loss)
<br />$ 98,896.24
<br />$ 65„717.00
<br />89.05
<br />73,1„ �
<br />$ 84, 368.68
<br />Financial statement preparation scivice 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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