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Paris Visitor & Convention Council
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For 1 Month Ended May 31, 2021 and 2020 and 8 Months Ended May 31, 2020
<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 />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 />Actual
<br />REVENUE
<br />Hotel / Motel Occupancy Tax
<br />$ 226,159.66
<br />$ 162,500.00
<br />$ 148,197.60
<br />$ 478,096.08
<br />Hot Money Interest
<br />, 517
<br />_ 21.00
<br />m 5.09
<br />399.09
<br />Total Revenue
<br />_ 226,164.83
<br />' • 162,521.00
<br />148,202-69
<br />478,496.17
<br />OPERATING EXPENSES
<br />Postage
<br />33.10
<br />35.00
<br />21.03
<br />425.12
<br />Misc Expenses
<br />0.00
<br />0.00
<br />0.00
<br />500.57
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />1,494.00
<br />D & O Insurance
<br />0.00
<br />0.00
<br />0.00
<br />1,435.34
<br />Worker's Comp
<br />0.00
<br />0.00
<br />0.00
<br />664.00
<br />Staff Ins./Retirement
<br />556.56
<br />708.00
<br />659.09
<br />6,229.45
<br />Meetings & Hosting
<br />23.25
<br />25.00
<br />0.00
<br />97,72
<br />Chamber Management
<br />10,000.00
<br />10,000.00
<br />10,000.00
<br />30,000.00
<br />Out of Town Travel
<br />0.00
<br />0.00
<br />0.00
<br />839.46
<br />Intown Auto/Exp Allowance
<br />200.00
<br />208.00
<br />200.00
<br />1,600.00
<br />Membership Dues/Sub.
<br />0.00
<br />0.00
<br />0.00
<br />1,000.00
<br />Audit
<br />2,333.33
<br />2,200.00
<br />0.00
<br />1,983.00
<br />Bookkeeping
<br />478.33
<br />500.00
<br />398.33
<br />3,384.98
<br />Payroll Expenses
<br />6,529.00
<br />6,835.00
<br />6,529.00
<br />54,322.82
<br />ABBS Wage Reimburement
<br />0.00
<br />0.00
<br />0.00
<br />(1,632.56)
<br />Payroll Tax Expense
<br />494.30
<br />537.00
<br />494.31
<br />4,254.18
<br />Office Expense
<br />0.00
<br />186.00
<br />347.37
<br />1,898.63
<br />Communications
<br />0.00
<br />208.00
<br />329.92
<br />2,153:88
<br />Bank Service Charge
<br />37.46
<br />41.00
<br />7.46
<br />59.68
<br />Motel Tax Transferred to LCC
<br />113,079.83
<br />81,250.00
<br />74,098.80
<br />239,048.04
<br />Marketing I Advertising
<br />11,797.95
<br />12,000.00
<br />1,206.87
<br />21,359.38
<br />Tour deParis'Exp
<br />194.70
<br />200.00
<br />0.00
<br />1,427.04
<br />ASA
<br />15,509.84
<br />11,200.00
<br />0.00
<br />5,852.00
<br />SDBA Boat Races
<br />7,000.00
<br />7,000.00
<br />7,000.00
<br />7,000.00
<br />Red Bull Qualifier Exp
<br />300.00
<br />0.00
<br />0.00
<br />0.00
<br />Events Promotion / Funding
<br />7,282.50
<br />7,500.00
<br />750.00
<br />17,193.00
<br />Arts Allocation
<br />0.00
<br />0.00
<br />0.00
<br />7,000.00
<br />Baseball Feld Lighting
<br />0.00
<br />0.00
<br />0.00
<br />11,855.86
<br />Rent to COC
<br />1,000.00
<br />.... _ 1,000.00
<br />1.00000
<br />8,000.00
<br />Total Operating Expenses
<br />176,830.15
<br />141 613.00
<br />103,042.18
<br />429,445.69
<br />Operating Income (Loss)
<br />4%334.68
<br />20,908.00
<br />45,160.61
<br />49,049.68
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.00
<br />0.00
<br />56.50
<br />2,153.37
<br />Trolley / Historical
<br />350.00
<br />470.00
<br />375.00
<br />2,875.00
<br />Tour de Paris Income
<br />5,215.00
<br />5,200.00
<br />2,165.00
<br />3,036.85
<br />Red Bull Qualifier
<br />2,540.00
<br />0.00
<br />0.00
<br />0.00
<br />Souvenir Sales
<br />249.64
<br />300.00
<br />196.67
<br />3,520.51
<br />Interest Income
<br />82.50
<br />21.00
<br />17.72
<br />177.07
<br />Total Other Income
<br />8,437.14
<br />5,991.00
<br />2J__
<br />11762.80
<br />NOT -HOT EXPENSES
<br />Credit Card Fees
<br />128.59
<br />125.00
<br />58.62
<br />1,064.02
<br />Trolley Driver
<br />136.00
<br />150.00
<br />0.00
<br />1,120.00
<br />Trolley Expenses
<br />75.00
<br />75.00
<br />0.00
<br />2,494.12
<br />Trolley Insurance
<br />517.10
<br />175.00
<br />175.82
<br />1,410.73
<br />Souvenir Exp
<br />0.00
<br />0.00
<br />68.40
<br />5,836.60
<br />Misc NH Expense
<br />0.00
<br />0.00
<br />0.00
<br />358.00
<br />Total Not -Hot Expenses
<br />866.69w
<br />525.00
<br />302.84
<br />12„283.47_
<br />Net Income (Loss)
<br />$ 56 915.13
<br />$ 26 374.00
<br />$ 47,668 66
<br />$ 48 528.91
<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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