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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 10 Months Ended July
<br />31, 2021
<br />10 Months Ended
<br />10 Months Ended
<br />Jul 31, 2021 Variance
<br />% of Budget
<br />Annual Budget
<br />Jul 31, 2021 Actual
<br />Budget
<br />Revenue
<br />Hotel I Motel Occupancy Tax
<br />$ 636,217.09
<br />$ '407,600.00 $
<br />147,717.09
<br />130.30% $
<br />650,000.00
<br />Hot Money Interest
<br />367.68
<br />210.00
<br />157.68
<br />175.09%
<br />250.00
<br />Total Revenue650,250.00
<br />635,584.77
<br />487,710.00
<br />147,874.77
<br />130.32
<br />Operating Expenses
<br />Postage
<br />184.88
<br />180.00
<br />4.88
<br />102.71 %
<br />1,000.00
<br />Mise Expenses
<br />1,211.49
<br />1,135.00
<br />76.49
<br />106.74%
<br />1,500.00
<br />General Liability
<br />757.75
<br />1,500.00
<br />(742.25)
<br />50.52%
<br />1,500.00
<br />D&0Insurance
<br />1,559.68
<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 InsJRetirement
<br />7,884.69
<br />7,080.00
<br />804.69
<br />111.37%
<br />8,500.00
<br />Meetings & 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 />578.63
<br />600.00
<br />(21.37)
<br />96.44 %
<br />1,500.00
<br />Intown Auto/Exp Allowance
<br />2,850.00
<br />2,080.00
<br />770.00
<br />137.02%
<br />2,500.00
<br />Membership Dues/Sub.
<br />325.00
<br />708.00
<br />(383.00)
<br />45.90%
<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 />4,698.33
<br />5,000.00
<br />(301.67)
<br />93.97%
<br />6,000.00
<br />Payroll Expenses
<br />68,166.26
<br />68,350.00
<br />(183.74)
<br />99.73%
<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 />5,356.91
<br />5,370.00
<br />(13.09)
<br />99.76%
<br />6,450.00
<br />Office Expense
<br />2,210.54
<br />1,660.00
<br />550.54
<br />133.17%
<br />2,000.00
<br />Communications
<br />2,066.98
<br />2,080.00
<br />(13.02)
<br />99.37%
<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 />486.11
<br />410.00
<br />76.11
<br />118.56%
<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 />50,007.44
<br />56,600.00
<br />(6,592.56)
<br />88.36%
<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 />24,948.06
<br />28,000.00
<br />(3,051.94)
<br />89.10%
<br />28,000.00
<br />ASA
<br />30,987.75
<br />27,000.00
<br />3,987.75
<br />114.77%
<br />27,000.00
<br />ASA Indoor Archery Event Exp
<br />318.00
<br />300.00
<br />18.00
<br />106.00%
<br />2,000.00
<br />SDBA Boat Races
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />TMBRA Bicycle Race Exp -
<br />6,321.75
<br />5,500.00
<br />821.75
<br />114.94%
<br />5,500.00
<br />Red Bull Qualifier Exp
<br />24,343.47
<br />0.00
<br />24,343.47
<br />0.00%
<br />0.00
<br />Pump Track Event
<br />275.41
<br />0.00
<br />275.41
<br />0.00%
<br />0.00
<br />Events Promotion / Funding
<br />20,369.50
<br />21,500.00
<br />(1,130.50)
<br />94.74%
<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 Field Lighting
<br />11,855.86
<br />11,855.86
<br />0.00
<br />100.00%
<br />11,855.86
<br />Rent to COC
<br />10 000.00mm
<br />10000.00
<br />0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />644150.05
<br />552,583.86
<br />91,566.19
<br />116.67%
<br />706,530.86
<br />Operating Income (Loss)
<br />(8,565.28)
<br />P64,873.86
<br />56 308.58
<br />13.21) % 56,280.86
<br />NOT-HOT INCOME
<br />Misr. Income
<br />10.69
<br />10.50
<br />0.19
<br />101.81 %
<br />1,000.00
<br />Trolley / Historical
<br />2,450.00
<br />4,060.00
<br />(1,610.00)
<br />60.34%
<br />5,000.00
<br />Tour de Paris Income
<br />65,297.08
<br />49,000.00
<br />16,297.08
<br />133.26%
<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 />500.00
<br />500.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />Red Bull Qualifier
<br />29,233.00
<br />0.00
<br />29,233.00
<br />0,00%
<br />0.00
<br />Pump Track Event Income
<br />165.00
<br />0.00
<br />165.00
<br />0.00%
<br />0.00
<br />Souvenir Sales
<br />2,208.59
<br />1,935.00
<br />213.59
<br />114.14%
<br />8,000.00
<br />Interest Income918.66
<br />.
<br />210.00
<br />708.66
<br />437.46 %
<br />_ 250.00
<br />Total Not-Hot Income
<br />100x783.02
<br />55,715.50
<br />45,067.52s_180.89
<br />°%
<br />72, 250.00
<br />NOT-HOT EXPENSES
<br />Credit Card Fees
<br />1,960.63
<br />1,250.00
<br />710.63
<br />156.85%
<br />1,500.00
<br />Trolley Driver
<br />749.00
<br />825.00
<br />(76.00)
<br />90,79%
<br />1,800.00
<br />Trolley Expenses
<br />2,598.50
<br />2,675.00
<br />(76.50)
<br />97.14%
<br />5,000.00
<br />Trolley Insurance
<br />2,175.61
<br />1,750.00
<br />425.61
<br />124.32%
<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 />2 519.89„
<br />w 0.00
<br />_...... 89
<br />0.00
<br />0.00
<br />Total Not-Hot Expenses
<br />10,135.63
<br />,6,650.00 _
<br />.. 3,485.63
<br />152.42 %
<br />16,400.00
<br />Net Income (Loss)
<br />$ 82082-11
<br />$ � 16 808.35 $
<br />97,890.47
<br />519.23 `%
<br />569.14
<br />�
<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
<br />cash basis of
<br />accounting are omitted and no assurance is provided
<br />
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