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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 3 Months Ended December 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 />3 Months Ended
<br />3 Months Ended
<br />Dec 31, 2021
<br />Dec 31, 2021
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget -
<br />Revenue
<br />Hotel / Motel'Occupancy Tax
<br />$ 212,703.79
<br />$ 177,500.00
<br />$ 35,203.79
<br />119.83%
<br />$ 710,000.00
<br />Hot Money Interest
<br />_._L81
<br />_ _ 62.52
<br />1,,,753.05
<br />2903.913 %
<br />. _ 250.00
<br />Total Revenue
<br />214,519.36
<br />177,662.52
<br />36,956.84
<br />120.81 %
<br />710,250.00
<br />Operating Expenses
<br />Postage
<br />117.75
<br />124.00
<br />(6.25)
<br />94.96%
<br />1,000.00
<br />Misc Expenses
<br />333.20
<br />335.00
<br />(1.80)
<br />99.46%
<br />1,500.00
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,650.00
<br />D & O Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,700.00
<br />Long Term Disability
<br />333.17
<br />0.00
<br />333.17
<br />0.00%
<br />0.00
<br />Worker's Comp
<br />646.82
<br />645.00
<br />1.82
<br />100.28%
<br />1,000.00
<br />Staff Ins./Retirement
<br />1,523.82
<br />2,187.00
<br />(663.18)
<br />69.68%
<br />8,750.00
<br />Meetings & Hosting
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />200.00
<br />Chamber Management
<br />12,500.00
<br />12,500.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Out of Town Travel
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00.
<br />Intown Auto/Exp Allowance
<br />600.00
<br />750.00
<br />(150.00)
<br />80.00%
<br />3,000.00
<br />Membership Dues/Sub.
<br />850.00
<br />850.00
<br />0.00
<br />100.00%
<br />5,500.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />31000.00
<br />Bookkeeping
<br />1,706.00
<br />1,749.00
<br />(43.00)
<br />97.54%
<br />7,000.00
<br />Payroll Expenses
<br />22,743.12
<br />21,132.00
<br />1,611.12
<br />107.62%
<br />84,525.00
<br />Payroll Tax Expense
<br />1,618.56
<br />1,662.00
<br />156.56
<br />109.42%
<br />6,650.00
<br />Office Expense
<br />595.47
<br />750.00
<br />(154.53)
<br />79.40%
<br />3,000.00
<br />Communleallons
<br />1,200.35
<br />876.00
<br />324.35
<br />137.03%
<br />3,500.00
<br />Historical Museum
<br />3,500.00
<br />3,500.00
<br />0.00
<br />100.00%
<br />31500.00
<br />Bank Service Charge
<br />26.11
<br />126.00
<br />(99.89)
<br />20.72%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />106,351.90
<br />88,750.00
<br />17,601.90
<br />119.83 %
<br />355,000.00
<br />Marketing / Advertising
<br />19,348.97
<br />19,400.00
<br />(51.03)
<br />99.74%
<br />71,000.00
<br />Chaparral Square Dancers
<br />213.35
<br />250.00
<br />(36.65)
<br />85.34%
<br />2,100.00
<br />Tour de Paris Exp
<br />588.00
<br />600.00
<br />(12.00)
<br />98.00%
<br />32,000.00
<br />ASA
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />26,500.00
<br />ASA Indoor Archery Event Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />SDBA Boat Races
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,000.00
<br />TMBRA Bicycle Race Exp
<br />1,408.63
<br />1,400.00
<br />8.63
<br />100.62%
<br />6,500.00
<br />Pump Track Event
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5;000.00
<br />Branding Discovery
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />10,000.00
<br />Events Promotion / Funding
<br />3,557.33
<br />3,500.00
<br />57.33
<br />101.64%
<br />46,000.00
<br />Arts -Allocation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />Rent to COCITITITITITIT
<br />83000.00
<br />3,000.00_
<br />0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />189,962.55
<br />171,086.00
<br />18,876.65
<br />111.03%
<br />770 076.00
<br />Operating Income (Loss)
<br />24,556-81
<br />;'
<br />18,080.29
<br />379.17%
<br />69 825.00
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.25
<br />249.00
<br />(248.75)
<br />0.10%
<br />1,000.00
<br />Trolley / Historical
<br />1,100.00
<br />1,100.00
<br />0.00
<br />100.00%
<br />5,000.00
<br />Tour de Paris Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />50,000.00
<br />ASA Indoor Archery Event
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />TMBRA Bicycle Race
<br />2,000.00
<br />2,000.00
<br />0.00
<br />100.60%
<br />7,000.00
<br />Pump Track Event Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />Souvenir Sales
<br />469.43
<br />495.00
<br />(25.57)
<br />94.83%
<br />6,000,00
<br />Interest income
<br />57.39
<br />„91.79
<br />62.52
<br />_. ,
<br />_ITITITITITITIT__w . .(
<br />%
<br />250.00
<br />Total Not -Hot Income
<br />3,627.07
<br />3,906.52
<br />I279.45)
<br />92.85%
<br />•mm..... 76,250.00
<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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