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Paris Visitor & Convention Council
<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 411 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
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 881,522.84 $
<br />650,000.00 $
<br />231,522.84
<br />135.62% $ 650,000.00
<br />Hot Money Interest
<br />1,414.74
<br />250.00
<br />1,164.74
<br />565.90%
<br />250.00
<br />Total Revenue
<br />88 8237.58
<br />650,250.00
<br />232,687.68
<br />136.78%
<br />650,250.00
<br />Operating Expenses
<br />Postage
<br />275.30
<br />1,000.00
<br />(724.70)
<br />27.53%
<br />1,000.00
<br />Misc Expenses
<br />11211.49
<br />1,500.00
<br />(288.51)
<br />80.77%
<br />1,500.00
<br />General Liability
<br />1,403.31
<br />1,500.00
<br />(96.69)
<br />93.55%
<br />1,500.00
<br />D & 0 Insurance
<br />1,559.68
<br />1,500.00
<br />59.68
<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 />Worker's Comp
<br />621.30
<br />1,000.00
<br />(378.70)
<br />62.13%
<br />1,000.00
<br />Staff InsJRetiremeht
<br />8,977.94
<br />8,500.00
<br />477.94
<br />105.62%
<br />8,500.00
<br />Meetings & Hosting
<br />74.74
<br />200.00
<br />(125.26)
<br />37.37%
<br />200.00
<br />Chamber Management
<br />40,000.00
<br />40,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Out of Town Travel
<br />1,428.63
<br />1,500.00
<br />(71.37)
<br />95.24%
<br />1,500.00
<br />Intown Auto/Exp Allowance
<br />2,400.00
<br />2,500.00
<br />(100.00)
<br />96.00%
<br />2,500.00
<br />Membership Dues/Sub.
<br />5,238.50
<br />5,500.00
<br />(261.50)
<br />95.25%
<br />5,500.00
<br />Audit
<br />2,333.33
<br />2,200.00
<br />133.33
<br />106.06%
<br />2,200.00
<br />Bookkeeping
<br />5,738.83
<br />6,000.00
<br />(261.17)
<br />95.65%
<br />6,000.00
<br />Payroll Expenses
<br />81,488.02
<br />82,025.00
<br />(538.98)
<br />99.34%
<br />82,025.00
<br />ABBS Wage Reimburement
<br />(1,752.35)
<br />0.00
<br />(1,752.35)
<br />0.00%
<br />0.00
<br />Payroll Tax Expense
<br />6,365.56
<br />6,450.00
<br />(84.44)
<br />98.69%
<br />6,450.00
<br />Office Expense
<br />2,309.33
<br />2,000.00
<br />309.33
<br />115.47%
<br />2,000.00
<br />Communications
<br />2,460.52
<br />2,500.00
<br />(39.48)
<br />98.42%
<br />2,500.00
<br />Historical Museum
<br />3,500.00
<br />3,500.00
<br />0.00
<br />100.00%
<br />3,500.00
<br />Bank Service Charge
<br />1,078.64
<br />500.00
<br />578.64
<br />215.73%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />440,761.42
<br />325,000.00
<br />115,761.42
<br />135.62%
<br />325,060.00
<br />Marketing / Advertising
<br />85,804.05
<br />88,000.00
<br />(2,195.95)
<br />97.50%
<br />88,000.00
<br />Chaparral Square Dancers
<br />1,750.00
<br />2,100.00
<br />(350.00)
<br />83.33%
<br />2,100.00
<br />Tour de Paris Exp
<br />34,945.00
<br />28,000.00
<br />6,945.00
<br />124.80%
<br />28,000.00
<br />ASA
<br />31,029.75
<br />27,000.00
<br />4,029.75
<br />114.93%
<br />27,000.00
<br />ASA Indoor Archery Event Exp
<br />318.00
<br />2,000.00
<br />(1,662.00)
<br />15.90%
<br />2,000.00
<br />SOBA Boat Races
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />TMBRA Bicycle Race Exp
<br />14,765.95
<br />5,500.00
<br />9,265.95
<br />268.47%
<br />5,500.00
<br />Red Bull Qualifier Exp
<br />23,684.73
<br />0.00
<br />23,684.73
<br />0.00%
<br />0.00
<br />Pump Track Event
<br />799.31
<br />0.00
<br />799.31
<br />0.00%
<br />0.00
<br />Events Promotion / Funding
<br />35,934.32
<br />44,000.00
<br />(8,065.68)
<br />81.67%
<br />44,000.00
<br />Arts Allocation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.06%
<br />7,000.00
<br />Baseball Field Lighting
<br />11,855.86
<br />11,855.86
<br />0.00
<br />100.00%
<br />11,855.86
<br />Rent to COC
<br />12,000.00
<br />12,000.00
<br />0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />874,369.16
<br />729,530.86
<br />144,828 30
<br />119.85%
<br />729,530.86
<br />Operating Income (Loss)
<br />8,578.42
<br />_A78 280 -8J6
<br />______!7,869-28
<br />(10.82%
<br />79,280.86
<br />NOT -HOT INCOME
<br />Misc Income
<br />10.69
<br />1,000.00
<br />(989.31)
<br />1.07%
<br />1,000.00
<br />Trolley 1 Historical
<br />2,450.00
<br />5,000.00
<br />(2,550.00)
<br />49.00%
<br />5,000.00
<br />Tour de Paris Income
<br />67,988.19
<br />49,000.00
<br />18,988.19
<br />138.75%
<br />49,000.00
<br />ASA Indoor Archery Event
<br />0.00
<br />2,000.00
<br />(2,000.00)
<br />0.00%
<br />2,000.00
<br />TMBRA Bicycle Race
<br />9,667.00
<br />7,000.00
<br />2,667.00
<br />138.10%
<br />7,000.00
<br />Red Bull Qualifier
<br />30,122.00
<br />0.00
<br />30,122.00
<br />0.00%
<br />0.00
<br />Pump Track Event Income
<br />165.00
<br />0.00
<br />165.00
<br />0.00%
<br />0.00
<br />Souvenir Sales
<br />2,602.71
<br />8,000.00
<br />(5,397.29)
<br />32.53%
<br />8,000.00
<br />Interest Income
<br />.�.�...................._._ 955.76
<br />250.00
<br />_ ....10_ 705.76
<br />382.30, %
<br />�_IT x250.00
<br />Total Not -Hot Income113,961.35
<br />72,250.00
<br />41,711.36
<br />157.73%
<br />.wawa 72,250.00
<br />NOT -HOT EXPENSES
<br />Credit Card Fees
<br />1,960.63
<br />1,500.00
<br />460.63
<br />130.71 %
<br />1,500.00
<br />Trolley Driver
<br />817.00
<br />1,800.00
<br />(983.00)
<br />45.39%
<br />1,800.00
<br />Trolley Expenses
<br />2,598.50
<br />5,000.00
<br />(2,401.50)
<br />51.97%
<br />5,000.00
<br />Trolley Insurance
<br />2,664.25
<br />2,100.00
<br />564.25
<br />126.87%
<br />2,100.00
<br />Souvenir Exp
<br />307.00
<br />5,000.00
<br />(4,693.00)
<br />6.14%
<br />51000.00
<br />Misc NH Expense
<br />__ . _ 2 519.89
<br />_ ... 0.00
<br />2,519.89
<br />_ _ .M . _
<br />_. °
<br />0.00
<br />Total Not -Hot Expenses
<br />10,867.27
<br />15,400.00
<br />(4,532.73)
<br />70.57 %
<br />15400.00
<br />Net Income (Loss)
<br />p 111,672.50
<br />S 22 43086
<br />$ 134,10336
<br />_ 497.85%22
<br />43086
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards issued
<br />by the AICPA, substantially 411 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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