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Paris Visitor 8r Convention Council
<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 cash 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
<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 />�w2137,96
<br />168.00
<br />99.96
<br />159.50„ %
<br />250.00
<br />Total Revenue
<br />635,485.05
<br />487,668.00
<br />147,817.05
<br />130-31%
<br />_ 660,260.00
<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 Liability
<br />1,344.23
<br />1,500.00
<br />(155.77)
<br />89.62%
<br />1,500.00
<br />D 6O Insurance
<br />1,559.58
<br />1,500.00
<br />59.68
<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 />Workers Comp
<br />621.30
<br />650.00
<br />(28.70)
<br />95.58%
<br />1,000.00
<br />Staff InsJRefirement
<br />6,585.09
<br />5,664.00
<br />921.09
<br />116.26%
<br />8,500.00
<br />Meetings 8 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 />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,500.00
<br />Intown Auto/Exp Allowance
<br />1,600.00
<br />1,664.00
<br />(64.00)
<br />96.15%
<br />2,500.00
<br />Membership Dues/Sub.
<br />100.00
<br />458.00
<br />(358.00)
<br />21.83%
<br />5,500.00
<br />Audit
<br />2,333.33
<br />2,200.00
<br />133.33
<br />106.06%
<br />2,200.00
<br />Bookkeeping
<br />3,936.99
<br />4,000.00
<br />(63.01)
<br />98.42%
<br />6,000.00
<br />Payroll Expenses
<br />54,846.50
<br />54,680.00
<br />168.50
<br />100.30%
<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 />4,294.28
<br />4,296.00
<br />(1.72)
<br />99.96%
<br />6,450.00,
<br />Office Expense
<br />2,210.54
<br />1,328.00
<br />882.54
<br />166.46 %
<br />2,000.00
<br />Communications
<br />2,141.98
<br />1,664.00
<br />477.98
<br />128.72%
<br />2,500.00
<br />Historical Museum
<br />3,500.00
<br />3,500.00
<br />0.00
<br />100.00%
<br />3,500.00
<br />Bank Service Charge
<br />328.99
<br />328.00
<br />0.99
<br />100.30%
<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 />41,816.16
<br />40,600.00
<br />1,216.16
<br />103.00%
<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 />9,985.84
<br />9,800.00
<br />185.84
<br />101.90%
<br />28,000.00
<br />ASA
<br />31,125.50
<br />27,000.00
<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.D0 %
<br />2,000.00
<br />SDBA Boat Races
<br />7,000.00
<br />7,0013.00
<br />0.00
<br />100.00%
<br />7,0013.00
<br />TMBRA Bicycle Race Exp
<br />6,418.00
<br />5,500.00
<br />918.00
<br />116.69%
<br />5,500.00
<br />Red Bull Qualifier Exp
<br />3,041.20
<br />D.00
<br />3,041.20
<br />0.00 %
<br />0.00
<br />Events Promotion / Funding
<br />15,507.00
<br />16,000.00
<br />(493.00)
<br />96.92%
<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 Feld Lighting
<br />11,855.86
<br />11,855.86
<br />0.00
<br />100.00%
<br />11,855.86
<br />Rent to COC
<br />00.00,
<br />8,000.00,
<br />0.00
<br />100.00,
<br />12„000.00
<br />Total Operating Expenses
<br />574,736.31
<br />491 627.86
<br />83,208.45
<br />116.93%
<br />706 530.86
<br />Operating Income (Loss)
<br />60,748.743,
<br />859.86
<br />64,608.60
<br />573.66%
<br />56,280.86
<br />NOT -HOT INCOME
<br />Misc Income
<br />10.69
<br />10.50
<br />0.19
<br />101.81 %
<br />1,000.00
<br />Trolley / Historical
<br />2,050.00
<br />3,120.00
<br />(1,070.00)
<br />65.71 %
<br />5,000.00
<br />Tour de Paris Income
<br />24,542.78
<br />23,300.00
<br />1,242.78
<br />105.33%
<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 />26,240.00
<br />0.00
<br />26,240.00
<br />0.00%
<br />0.00
<br />Souvenir Sales
<br />1,704.78
<br />1,135.00
<br />569.78
<br />150.20%
<br />8,000.00
<br />Interest Income
<br />955.93
<br />168.00
<br />787.93
<br />569.01 %
<br />250.00
<br />Total Not -Hot income
<br />55,604.18
<br />27,733.50
<br />27,770.68
<br />200.13%
<br />7225000
<br />NOT -HOT EXPENSES
<br />Credit Card Fees
<br />1,537.24
<br />1,000.00
<br />537.24
<br />153.72%
<br />1,500.00
<br />Trolley Driver
<br />493.00
<br />525.00
<br />(32.00)
<br />93.90%
<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 />1,881.50
<br />1,400.00
<br />481.50
<br />134.39%
<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 />2,55 19.8899
<br />_..9.
<br />0.00
<br />� . � �
<br />2,519.89
<br />°
<br />0.00 /°
<br />0.00
<br />Total Not -Hot Expenses
<br />8,985.52
<br />_ 5,650.00
<br />3,435.62
<br />161.90 %
<br />15, 400.00
<br />Net Income (Loss)
<br />$ 107„267.40
<br />_ 18„323.64 $
<br />m X88 943.76
<br />585.40%
<br />569.14,
<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 accordance with the modified cash basis of
<br />accounting are omitted and no assurance is provided
<br />
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