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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 11 Months Ended August 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 />11 Months Ended
<br />11 Months Ended
<br />Aug 31, 2021
<br />Aug 31, 2021
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 440,781.42
<br />$ 325,000.00 $
<br />115,761.42
<br />135.62% $
<br />325,000.00
<br />R.V. Hook Up
<br />2,310.78
<br />2,400.00
<br />(89.22)
<br />96.28%
<br />7,500.00
<br />Misc Income
<br />400.00
<br />400.00
<br />0.00
<br />100.00%
<br />1,800.00
<br />Rent
<br />70,926.49
<br />87,076.00
<br />(16,149.51)
<br />81.45%
<br />95,000.00
<br />Refunded Deposits
<br />(12,610.00)
<br />(9,163.00)
<br />(3,447.00)
<br />137.62%
<br />(10,000.00)
<br />Booth Rental
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />400.00
<br />Tower Ughting
<br />292.70
<br />300.00
<br />(7.30)
<br />97.57%
<br />400.00
<br />Bicycle Rentals
<br />3122.06
<br />2„500.00
<br />622.06
<br />124.88%
<br />2,500.00
<br />Total Revenue
<br />505,203.45
<br />408,513.00
<br />96,690.45
<br />123.67%
<br />422,600.00
<br />Gross Profit
<br />505,203.45
<br />408,513.00
<br />96,690.45
<br />123.87%
<br />422,600.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />183.41
<br />462.00
<br />(278.59)
<br />39.70%
<br />500.00
<br />Communications
<br />5,076.32
<br />5,038.00
<br />38.32
<br />100.76%
<br />5,500.00
<br />Office Expense
<br />771.31
<br />800.00
<br />(28.69)
<br />96.41 %
<br />800.00
<br />Payroll Expenses
<br />88,453.76
<br />91,663.00
<br />(3,209.24)
<br />96.50%
<br />100,000,00
<br />Payroll Tax Expense
<br />6,686.02
<br />7,337.00
<br />(650.98)
<br />91.13%
<br />8,000.00
<br />Marketing / Advertising
<br />2,672.34
<br />3,125.00
<br />(452.66)
<br />85.51 %
<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 />5,233.18
<br />5,500.00
<br />(266.82)
<br />95.15%
<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 />24,986.12
<br />36,663.00
<br />(11,676.88)
<br />68.15%
<br />40,000.00
<br />Water
<br />4,934.97
<br />3,663.00
<br />1,271.97
<br />134.72%
<br />4,000.00
<br />Gas
<br />4,498.35
<br />4,205.00
<br />293.35
<br />106.98%
<br />4,300.00
<br />Trash Disposal
<br />4,406.02
<br />4,587.00
<br />(180.98)
<br />96.05%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />2,910.78
<br />2,750.00
<br />160.78
<br />105.85%
<br />3,000.00
<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 Light!ng/Maint
<br />620.75
<br />650.00
<br />(29.25)
<br />95.50%
<br />2,000.00
<br />Building Maint./Spis/Equip
<br />55,046.52
<br />55,500.00
<br />(451.48)
<br />99.19%
<br />99,000.00
<br />Security
<br />1,920.25
<br />2,519.00
<br />(598.75)
<br />76.23%
<br />2,750.00
<br />Staff Ins./Retirement
<br />8,314.82
<br />7,788.00
<br />526.82
<br />106.76%
<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 />95.59%
<br />1,400.00
<br />Directors & Officers
<br />1,559.64
<br />1,500.00
<br />59.64
<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 />Misc Expenses
<br />704.43
<br />740.00
<br />(35.57)
<br />95.19%
<br />1,000.00
<br />Ground Maintenance
<br />6,750.32
<br />7,770.00
<br />(1,019.68)
<br />86.88 °%
<br />8,500.00
<br />Bicycles & Related Expenses
<br />1,189.10
<br />1,000.00
<br />189.10
<br />118.91 °%
<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 />P
<br />0.00
<br />m
<br />0.00,
<br />_
<br />0.00
<br />0.00 % ._ww--50,000.00
<br />Total Operating Expenses
<br />251,528.60
<br />267,810.00
<br />16,281.40
<br />93.92%
<br />387,900.00
<br />Operating Income (Loss)
<br />253 674.85
<br />140,703.00
<br />112,971.85
<br />180.29%
<br />34,700.00
<br />OTHER INCOME
<br />Interest Income
<br />.--- _ 569.76
<br />319.00
<br />250.76
<br />178.61 °%
<br />350.00
<br />Total Other Income
<br />569.76
<br />_ 319.00
<br />250.76
<br />178.61% Y_
<br />.._ 350.00
<br />Net Income (Loss)
<br />_ .254 244.61
<br />141,0220000
<br />113,222.61
<br />180.29%
<br />35,050.00
<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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