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Love Civic Center
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the 1 Month Ended August 31, 2021 and 2020 and 11 Months Ended August 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 arc omitted and no assurance is provided
<br />1 Month Ended
<br />1 Month Ended
<br />1 Month Ended
<br />11 Months Ended
<br />Aug 31, 2021
<br />Aug 31, 2021
<br />Aug 31, 2020
<br />Aug 31, 2020
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Motel Tax
<br />$ 123,152.88
<br />$ 81,250.00
<br />$ 81,203.17
<br />$ 320,251.21
<br />R.V. Hook Up
<br />67.40
<br />100.00
<br />40.38
<br />3,949.19
<br />Misc Income
<br />0.00
<br />0.00
<br />0.00
<br />176.00
<br />Rent
<br />11,143.05
<br />7,916.00
<br />5,798.85
<br />96,037.80
<br />Refunded Deposits
<br />(2,800.00)
<br />' (833.00)
<br />(1,300.00)
<br />(11,350.00)
<br />Tower Lighting
<br />0.00
<br />0.00
<br />100.00
<br />100.00
<br />Bicycle Rentals
<br />326.90
<br />_ 0.00
<br />_ 369.05
<br />_2342.73
<br />Total Revenue
<br />131,890.23
<br />88,433.00
<br />86,211.45
<br />411 506.93
<br />Operating Expenses
<br />Bank Service Charge
<br />9.33
<br />42.00
<br />9.33
<br />424.13
<br />Communications
<br />213.08
<br />458.00
<br />461.07
<br />4,499.74
<br />Office Expense
<br />0.00
<br />0.00
<br />0.00
<br />832.60
<br />Payroll Expenses
<br />7,611.58
<br />8,333.00
<br />7,818.85
<br />88,587.32
<br />Payroll Tax Expense
<br />577.48
<br />667.00
<br />594.66
<br />6,847.29
<br />Marketing / Advertising
<br />1,650.00
<br />2,000.00
<br />0.00
<br />0.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />1,983.00
<br />Bookkeeping
<br />534.84
<br />500.00
<br />408.33
<br />4,440.01
<br />Membership Dues/Sub
<br />0.00
<br />0.00
<br />0.00
<br />324.00
<br />Electricity
<br />3,314.62
<br />3,333.00
<br />2,777.78
<br />26,404.92
<br />Water
<br />203.53
<br />333.00
<br />171.92
<br />2,706.98
<br />Gas
<br />0.00
<br />95.00
<br />0.00
<br />3,094.89
<br />Trash Disposal
<br />512.08
<br />417.00
<br />444.95
<br />5,139.45
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />250.00
<br />2,750.00
<br />Small Equipment
<br />0.00
<br />0.00
<br />0.00
<br />465.35
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />18,000.00
<br />Building Maint./Spls/Equip
<br />1,513.70
<br />2,000.00
<br />1,861.12
<br />25,379.99
<br />Security
<br />138.95
<br />229.00
<br />221.65
<br />2,349.40
<br />Staff Ins./Retirement
<br />732.90
<br />708.00
<br />563.94
<br />7,490.41
<br />Building Insurance
<br />0.00
<br />0.00
<br />0.00
<br />4,521.23
<br />General Liability,
<br />0.00
<br />0.00
<br />0.00
<br />3,067.05
<br />Workers Comp. Insurance
<br />0.00
<br />0.00
<br />0.00
<br />664.00
<br />Directors & Officers'
<br />0.00
<br />0.00
<br />0.00
<br />1,435.33
<br />Long Term Disability
<br />0.00
<br />0.00
<br />0.00
<br />253.23
<br />Misc Expenses.
<br />188:57
<br />200.00
<br />0.00
<br />776.26
<br />Ground Maintenance
<br />682:50
<br />730.00
<br />4,085.00
<br />8,483.29
<br />Supplies
<br />0.00
<br />0.00
<br />294.95
<br />294.95
<br />Bicycles & Related Expenses
<br />11.64
<br />0.00
<br />267.00
<br />568.32
<br />Cost of Issuance
<br />0.00
<br />0.00
<br />0.00
<br />63,500.00
<br />Cleaning
<br />0.00
<br />0.00
<br />0.00
<br />_ 48.37
<br />Total Operating Expenses
<br />18,144.80
<br />20 295 00
<br />20,230.55
<br />285,331.51
<br />Operating Income (Loss)
<br />113,745.43
<br />68,138.00
<br />65,980.90
<br />126,175.42
<br />Other Income
<br />Interest Income
<br />17.26_
<br />29.00
<br />wLL__ _ .... 25.72
<br />1,464.38
<br />Total Other Income
<br />17.26
<br />29.00
<br />25.72
<br />1,464.38
<br />Net Income (Loss)
<br />$rt 113 762.69
<br />$ 68,167.00$
<br />66,006.62
<br />$ 127,639.80
<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 arc omitted and no assurance is provided
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