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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 12 Months Ended September 30, 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 />12 Months Ended 12 Months Ended
<br />Sep 30, 2021
<br />Sep 30, 2021
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 440,761.42 $
<br />325,000.00
<br />$ 115,761.42
<br />135.62% $
<br />325,000.00
<br />R.V. Hook Up
<br />2,806.76
<br />7,500.00
<br />(4,693.24)
<br />37.42%
<br />7,500.00
<br />Misc Income
<br />400.00
<br />1,600.00
<br />(1,400.00)
<br />22.22%
<br />1,800.00
<br />Rent
<br />79,892.81
<br />95,000.00
<br />(15,107.19)
<br />84.10%
<br />95,000.00
<br />Refunded Deposits
<br />(13,410.00)
<br />(10,000.00)
<br />(3,410.00)
<br />134.10%
<br />(10,000.00)
<br />Booth Rental
<br />0.00
<br />400.00
<br />(400.00)
<br />0.00%
<br />400.00
<br />Tower Ughting
<br />292.70
<br />400.00
<br />(107.30)
<br />73.18 %
<br />400.00
<br />Bicycle Rentals
<br />31595.05
<br />21500.00
<br />_ 1,095.05
<br />143.80%
<br />22500.00
<br />Total Revenue_
<br />.,......514,338.74 ���422„600.00,
<br />_738.74,
<br />91_
<br />�� „
<br />121.71%
<br />422,600,00
<br />Gross Profit
<br />514,3 38.74422,600.00
<br />91,738.74
<br />121.71%
<br />422,600.00
<br />OPERATING EXPENSES
<br />Bank Service Charge
<br />190.87
<br />500.00
<br />(309.13)
<br />38.17%
<br />500.00
<br />Communications
<br />5,289.40
<br />5,500.00
<br />(210.60)
<br />96.17%
<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 />95,895.24
<br />100,000.00
<br />(4,104.76)
<br />95.90%
<br />100,000.00
<br />Payroll Tax Expense
<br />7,249.62
<br />8,000.00
<br />(750.38)
<br />90.62%
<br />8,000.00
<br />Marketing / Advertising
<br />2,672.34
<br />5,000,00
<br />(2,327.66)
<br />53.45%
<br />5,000.00
<br />Audit
<br />2,333.33
<br />2,000.00
<br />333.33
<br />116.87%
<br />2,000.00
<br />Bookkeeping
<br />5,738.85
<br />6,000.00
<br />(261.15)
<br />95.65%
<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 />28,161.27
<br />40,000.00
<br />(11,838.73)
<br />70.40%
<br />40,000.00
<br />Water
<br />5,571.00
<br />4,000.00
<br />1,571.00
<br />139.28%
<br />4,000.00
<br />Gas
<br />4,724.37
<br />4,300.00
<br />424.37
<br />109.87%
<br />4,300.00
<br />Trash Disposal
<br />4,406.02
<br />5,000.00
<br />(593.98)
<br />88.12%
<br />51000.00
<br />Intgwn Auto Exp Allowance
<br />3,160.78
<br />3,000.00
<br />160.78
<br />105.36%
<br />3,000.00
<br />Small Equipment
<br />0.00
<br />500.00
<br />(500.00)
<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 Lighting/Maint
<br />620.75
<br />2,000.00
<br />(1,379.25)
<br />31.04%
<br />2,000.00
<br />Building Maint./Spls/Equlp
<br />93,291.12
<br />99,000.00
<br />(5,708.88)
<br />94.23%
<br />99,000.00
<br />Security
<br />1,979.20
<br />2,750.00
<br />(770.80)
<br />71.97%
<br />2,750.00
<br />Staff Ins./Retirement
<br />8,896.63
<br />8,500,00
<br />396.63
<br />104.67%
<br />8,500.00
<br />Building Insurance
<br />4,654.04
<br />4,550.00
<br />104.04
<br />102.29%
<br />4,550.00
<br />General Liability
<br />3,485.55
<br />3,700.00
<br />(214.45)
<br />94.20%
<br />3,760.00
<br />Workers Comp. Insurance
<br />621.31
<br />1,400.00
<br />(778.69)
<br />44.38%
<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 />200.00
<br />(200.00)
<br />0.00%
<br />200.00
<br />Misc Expenses
<br />728.51
<br />1,000.00
<br />(271.49)
<br />72.85%
<br />1,000.00
<br />Ground Maintenance
<br />7,332.82
<br />8,500.00
<br />(1,167.18)
<br />86.27%
<br />8,500.00
<br />Bicycles & Related Expenses
<br />1,720.50
<br />1,000.00
<br />720.50
<br />172.05%
<br />1,000.00
<br />Catering Exp
<br />D.00
<br />1,000.00
<br />(1,000.00)
<br />0.00%
<br />1,000.00
<br />Capital Improvements,
<br />0.00
<br />_... ............. 50 000 00
<br />5 0 IN P -.0 oil
<br />0.00%
<br />50,000.00
<br />Total Operating Expenses
<br />_109,222.41
<br />387,900.00
<br />78,677.53
<br />.72%
<br />387„9DO.OR
<br />Operating Income (Loss)
<br />205,116.27
<br />34,700.00
<br />170,416.27
<br />591.11 %
<br />34700.00
<br />OTHER INCOME
<br />Interest Income
<br />1,391.46 _
<br />350.00
<br />mm 1 04146
<br />397.56 %
<br />---
<br />350.00
<br />Tota[ Other Income
<br />91._6
<br />� 1,391.46
<br />350.00
<br />1,041.46
<br />°
<br />397.66%
<br />350.00
<br />Net Income (Loss)
<br />200 507.73
<br />35,050.00.
<br />_ 171,467.79,
<br />689.16%
<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
<br />
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