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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 July 31, 2021 and 2020 and 10 Months Ended July 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 10 Months Ended,
<br />Jul 31, 2021
<br />Jul 31, 2021
<br />Jul 31, 2020
<br />Jul 31, 2020
<br />Actual
<br />Budget
<br />Actual
<br />Actual
<br />REVENUE
<br />Hotel / Motel Occupancy Tax
<br />$ 0.00 $
<br />0.00
<br />$ 0.00 $
<br />478,096.08
<br />Hat Money Interest
<br />3.3678.50
<br />...........
<br />......,,...
<br />1,591.40
<br />Total Revenue
<br />3.36
<br />21.0078.60
<br />479,687.48
<br />OPERATING EXPENSES
<br />Postage
<br />60.39
<br />50.00
<br />38.61
<br />519.21
<br />Misc Expenses
<br />1.07
<br />50.00
<br />230.19
<br />1,051.59
<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 />Workers Comp
<br />0.00
<br />0.00
<br />0.00
<br />664.00
<br />Staff Ins./Retirement
<br />743.12
<br />708.00
<br />678.99
<br />7,560.98
<br />Meetings & Hosting
<br />0.00
<br />0.00
<br />0.00
<br />97.72
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />30,000.00
<br />Out of Town Travel
<br />172.90
<br />200.00
<br />0.00
<br />839.46
<br />Intown Auto/Exp Allowance
<br />1,050.00
<br />208.00
<br />200.00
<br />2,000.00
<br />Membership Dues/Sub.
<br />226.00
<br />250.00
<br />0.00
<br />11000.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />1,983.00
<br />Bookkeeping
<br />340.67
<br />500.00
<br />341.67
<br />4,031.65
<br />Payroll Expenses
<br />6,659.88
<br />6,835.00
<br />6,790.76
<br />67,773.46
<br />ABBS Wage Reimburement
<br />0.00
<br />0.00
<br />0.00
<br />(1,632.56)
<br />Payroll Tax Expense
<br />506.18
<br />537.00
<br />514.33
<br />5,272.83
<br />Office Expense
<br />0.00
<br />166.00
<br />84.23
<br />2,198.56
<br />Communications
<br />(50.00)
<br />208.00
<br />386.70
<br />2,869.37
<br />Historical Museum
<br />0.00
<br />0.00
<br />0.00
<br />3,500.00
<br />Bank Service Charge
<br />119.66
<br />41.00
<br />7.46
<br />74.60
<br />Motel Tax Transferred to LCC
<br />0.00
<br />0.00
<br />0.00
<br />239,048.04
<br />Marketing / Advertising
<br />8,487.00
<br />9,000.00
<br />4,413.50
<br />25,772.88
<br />Tour de Paris Exp
<br />13,275.00
<br />16,200.00
<br />14.80
<br />1,441.84
<br />Uncle Jessie's Exp
<br />0.00
<br />0.00
<br />0.00
<br />625.00
<br />ASA
<br />(137.75)
<br />0.00
<br />0.00
<br />5,852.00
<br />SDBA Boat Races
<br />0.00
<br />0.00
<br />0.00
<br />7,000.00
<br />TMBRA Bicycle Race Exp
<br />300.00
<br />0.00
<br />327.00
<br />327.00
<br />Red Bull Qualifier Exp
<br />2,401.01
<br />0.00
<br />0.00
<br />0.00
<br />Pump Track Event
<br />275.41
<br />0.00
<br />0.00
<br />0.00
<br />Events Promotion / Funding
<br />3,250.00
<br />3,500.00
<br />1,270.00
<br />22,213.00
<br />Arts Allocation
<br />0.00
<br />0.00
<br />0.00
<br />7,000.00
<br />Baseball Field 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 />1,000.00
<br />10,000.00
<br />Long Tenn Disability
<br />_, 0.00
<br />0000
<br />0.00
<br />253.23
<br />Total Operating Expenses
<br />38,679.64
<br />39,463.00
<br />______16 298.24
<br />464,122.06
<br />Operating Income (Loss)
<br />(38,676.18)
<br />(39,432.00)16,219.74
<br />15,565.42
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.00
<br />0.00
<br />0.19
<br />2,153.56
<br />Trolley / Historical
<br />200.00
<br />470.00
<br />300.00
<br />3,175.00
<br />Tour de Paris Income
<br />32,002.30
<br />16,700.00
<br />700.00
<br />4,256.85
<br />TMBRA Bicycle Race
<br />500.00
<br />500.00
<br />1,200.00
<br />1,300.00
<br />Red Bull Qualifier
<br />890.00
<br />0.00
<br />0.00
<br />0.00
<br />Pump Track Event Income
<br />165.00
<br />0.00
<br />0.00
<br />0.00
<br />Souvenir Sales
<br />247.82
<br />500.00
<br />313.08
<br />4,038.82
<br />Interest Income
<br />16.21
<br />21.00
<br />„ „ 9.35
<br />203.24
<br />Total Other Income2,622.62
<br />34,021.33
<br />18,191.00
<br />15127.47
<br />NOT -HOT EXPENSES
<br />Credit Card Fees
<br />149.23
<br />125.00
<br />123.34
<br />1,574.72
<br />Trolley Driver
<br />120.00
<br />150.00
<br />0.00
<br />1,290.00
<br />Trolley Expenses
<br />176.61
<br />200.00
<br />0.00
<br />2,494.12
<br />Trolley Insurance
<br />422.57
<br />175.00
<br />54.82
<br />1,641.37
<br />Souvenir Exp
<br />0.00
<br />0.00
<br />0.00
<br />5,836.60
<br />Misc NH Expense,,,,,,,,,,,
<br />._....... 0.00.
<br />0.00
<br />- ._. --0.00
<br />358.00
<br />358.00
<br />Total Not -Hot Expenses
<br />888.41
<br />650.00
<br />178.16
<br />_ 13„194.81
<br />Net Income (Loss)
<br />$ _5,,523�26
<br />$(21 891.00875.28
<br />$
<br />17,498.08
<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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