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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 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 are 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 />Actual
<br />REVENUE
<br />Hotel / Motel Occupancy Tax
<br />$ 246,305.75
<br />$ 162,500.00
<br />$ 162,406.34
<br />$ 640,502.42
<br />Hot Money Interest
<br />...... 8.84,
<br />21.00
<br />5.68
<br />1,597.28
<br />Total Revenue
<br />246,314.59
<br />162,521.00
<br />162,412.22
<br />642,099.70
<br />OPERATING EXPENSES
<br />Postage
<br />66.83
<br />100.00
<br />20.66
<br />539.87
<br />Misc Expenses
<br />0.00
<br />0.00
<br />56.50
<br />1,108.09
<br />General Liability
<br />317.78
<br />300.00
<br />0.00
<br />1,494.00
<br />D & 0 Insurance
<br />0.00
<br />0.00
<br />0.00
<br />1,435.34
<br />Worker's Comp
<br />0.00
<br />0.00
<br />0.00
<br />664.00
<br />Staff Ins./Retirement
<br />664.72
<br />708.00
<br />697.68
<br />8,258.66
<br />Meetings 8 Hosting
<br />0.00
<br />0.00
<br />0.00
<br />97.72
<br />Chamber Management
<br />10,000.00
<br />10,000.00
<br />10,000.00
<br />40,000.00
<br />Out of Town Travel
<br />0.00
<br />0.00
<br />0.00
<br />839.46
<br />lntown Auto/Exp Allowance
<br />200.00
<br />208.00
<br />200.00
<br />2,200.00
<br />Membership Dues/Sub.
<br />3,778.50
<br />4,000.00
<br />14.0.00
<br />1,140.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />1,983.00
<br />Bookkeeping
<br />534.83
<br />500.00
<br />408.31
<br />4,439.96
<br />Payroll Expenses
<br />6,659.88
<br />6,835.00
<br />6,529.00
<br />74,302.46
<br />ABBS Wage Reimburement
<br />0.00
<br />0.00
<br />0.00
<br />(1,632.56)
<br />Payroll Tax Expense
<br />504.33
<br />537.00
<br />494.30
<br />5,767.13
<br />Office Expense
<br />0.00
<br />166.00
<br />0.00
<br />2,198.56
<br />Communications
<br />53.09
<br />208.00
<br />353.97
<br />3,223.34
<br />Historical Museum
<br />0.00
<br />0.00
<br />0.00
<br />3,500.00
<br />Bank Service Charge
<br />406.04
<br />41.00
<br />7.46
<br />82.06
<br />Motel Tax Transferred to LCC
<br />123,152.88
<br />81,250.00
<br />81,203.17
<br />320,251.21
<br />Marketing /Advertising
<br />15,261.81
<br />8,400.00
<br />5,698.16
<br />31,471.04
<br />Tour de Paris Exp
<br />6,350.30
<br />0.00
<br />633.07
<br />2,074191
<br />Uncle Jessie's Exp
<br />0.00
<br />0.00
<br />0.00
<br />625.00
<br />ASA
<br />0.00
<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 />3,357.03
<br />0.00
<br />1,703.75
<br />2,030.75
<br />Red Buil Qualifier Exp
<br />(658.74)
<br />0.00
<br />0.00
<br />0.00
<br />Pump Track Event
<br />523.90
<br />0.00
<br />0.00
<br />0.00
<br />Events Promotion / Funding
<br />7,011.50
<br />7,500.00
<br />2,524.00
<br />24,737.00
<br />Arts Allocation
<br />0.00
<br />0.00
<br />0.00
<br />71000.00
<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 />11,000.00
<br />Long Term Disability
<br />0.00
<br />0.00
<br />0.00
<br />253.23
<br />Total Operating Expenses
<br />180 186.68
<br />121,753.00
<br />111,670.03
<br />575,792.09
<br />Operating Income (Loss)_
<br />66127.91_
<br />40,788.00
<br />50,742.19
<br />66,307.61_
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.00
<br />0.00
<br />0.00
<br />2,153.56
<br />Trolley / Historical
<br />0.00
<br />470.00
<br />0.00
<br />3,175.00
<br />Tour de Paris Income
<br />3,185.11
<br />0.00
<br />725.00
<br />4,981.85
<br />TMBRA Bicycle Race
<br />600.00
<br />600.00
<br />5,159.50
<br />6,459.50
<br />Red Bull Qualifier
<br />300.00
<br />0.00
<br />0.00
<br />0.00
<br />Souvenir Sales
<br />228.34
<br />300.00
<br />772.48
<br />4,811.30
<br />Interest Income
<br />.. ..�. 18.48
<br />... 21.00
<br />9.52
<br />....,_ 212.76
<br />Total Other Income
<br />4,331.94
<br />114391.00
<br />6,666.50
<br />21,793.97
<br />NOT -HOT EXPENSES
<br />Credit Caryl Fees
<br />0.00
<br />125.00
<br />148.42
<br />1,723.14
<br />Trolley Driver
<br />0.00
<br />0.00
<br />0.00
<br />1,290.00
<br />Trolley Expenses
<br />0.00
<br />0.00
<br />0.00
<br />2,494.12
<br />Trolley Insurance
<br />219.32
<br />175.00
<br />175.82
<br />1,817.19
<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 />Total Not -Hot Expenses219.32
<br />_,.
<br />300.00
<br />324.24
<br />13,519.05
<br />Net Income (Loss)
<br />$ 70 240.53
<br />$ 41,859.00
<br />$ 57,084.45
<br />$ 74,582.53
<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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