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Love Civic Center
<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 accordance 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 />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 />98.57%
<br />7,500.OD
<br />Misc Income
<br />400.00
<br />400.00
<br />0.00
<br />100.00%
<br />1,800.00
<br />Rent
<br />45,025.77
<br />71,244.00
<br />(26,218.23)
<br />63.20%
<br />95,000.00
<br />Refunded Deposits
<br />(8,610.06)
<br />(7,497.00)
<br />(1,113.00)
<br />114.85%
<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 />97.57%
<br />400.00
<br />Bicycle Rentals
<br />2448.70
<br />2,500.00
<br />(51.301
<br />97.95%
<br />2,500.00
<br />Total Revenue
<br />359437.05
<br />112,697.00j,6,440.05
<br />114.85%
<br />4221600.00
<br />Gross Profit
<br />369,137.05
<br />312„697.00
<br />'46,010.05
<br />114.85%
<br />_ 422,600.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />94.42
<br />378.00
<br />(283.58)
<br />24.98%
<br />500.00
<br />Communications
<br />4,650.16
<br />4,122.00
<br />528.16
<br />112.81 %
<br />5,500.00
<br />Office Expense
<br />714.06
<br />800.00
<br />(85.94)
<br />89.26%
<br />860.00
<br />Payroll Expenses
<br />73,398.83
<br />74,997.013
<br />(1,598.17)
<br />97.87%
<br />100,000.00
<br />Payroll Tax Expense
<br />5,546.81
<br />6,003.00
<br />(456.19)
<br />92AD %
<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 />116.67%
<br />2,000.00
<br />Bookkeeping
<br />4,357.68
<br />4,500.00
<br />(142.32)
<br />96.84%
<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 />18,638.14
<br />29,997.00
<br />(11,358.88)
<br />62.13%
<br />46,000.00
<br />Water
<br />4,425.61
<br />2,997.00
<br />1,428.61
<br />147.67%
<br />4,000.00
<br />Gas
<br />4,394.38
<br />4,015.00
<br />379.38
<br />109.45%
<br />4,300.00
<br />Trash Disposal
<br />3,198.73
<br />3,753.00
<br />(554.27)
<br />86.23%
<br />5,000.00
<br />lntown Auto Exp Allowance
<br />2,410.78
<br />2,250.00
<br />160.78
<br />107.15%
<br />3,000.011
<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/Malnt
<br />351.20
<br />350.00
<br />1.20
<br />100.34%
<br />2,000.00
<br />Building Maint./Sple/Equip
<br />47,729.17
<br />47,500.00
<br />229.17
<br />100.48%
<br />99,000.00
<br />Security
<br />1,722.35
<br />2,061.00
<br />(338.55)
<br />83.57%
<br />2,750.00
<br />Staff InsJRetirement
<br />6,794.93
<br />6,372.00
<br />422.93
<br />106.64%
<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 />3,485.55
<br />3,700.00
<br />(214.45)
<br />94.20%
<br />3,700.00
<br />Workers Comp. Insurance
<br />621.31
<br />650.00
<br />(28.69)
<br />95.69%
<br />1,400.00
<br />Directors 8 Officers
<br />1,559.64
<br />1,500.00
<br />59.64
<br />103.98%
<br />11500.00
<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 />490.01)
<br />(10.88)
<br />97.78%
<br />1,000.00
<br />Ground Maintenance
<br />4,767.49
<br />6,310.00
<br />(1,642.51)
<br />76.55%
<br />8,500.00
<br />Bicycles 8, 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 />50,000.00
<br />Total Operating Expenses
<br />211F790.06
<br />224970.00
<br />13179.84
<br />94.14%
<br />387,900.00
<br />Operating Income(Loss)
<br />47
<br />87.727.00
<br />9,619.99
<br />167.96 %
<br />34,700.00
<br />OTHER INCOME
<br />Interest Income
<br />535.02
<br />261.00
<br />274.02
<br />204.99%
<br />350.00
<br />Total Other Income
<br />535.02
<br />261.00
<br />274.02
<br />204.99%
<br />350.00
<br />Net Income (Loss)
<br />747 862.01
<br />87 988.00
<br />69 894.01
<br />168.07%
<br />36,050.00
<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 cash basis of
<br />accounting are omitted and no assurance is provided
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