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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 asstusoce is provided
<br />Love Civic Center
<br />'
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 2 Months Ended November 30, 2021
<br />2 Months Ended
<br />2 Months Ended
<br />.a
<br />Nov 30, 2021
<br />Nov 30, 2021
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 106,351.90.
<br />$ 88,75d.00
<br />$ 17,601.90
<br />.0.00% $
<br />355,000.00
<br />R.V. Hook Up
<br />1,622.04
<br />1.565.00
<br />57.04
<br />103.54%
<br />7,500.00
<br />Misc Income
<br />0.09
<br />0.00
<br />0.00
<br />0.00 %
<br />1,000.00
<br />Rent
<br />17,859.22
<br />16,000.00
<br />1,859.22
<br />111.62 %
<br />85,000.06
<br />Refunded Deposits
<br />(3,200.00)
<br />(3,200.00)
<br />0.00
<br />100.00%
<br />(10,DDO.00)
<br />• Tower Lighting
<br />100.00
<br />100.00
<br />0.00
<br />100.00%.
<br />400.00
<br />Bicyrcle Rentals
<br />476.23,
<br />450.00
<br />„ _ 25.23
<br />105.61 %
<br />2. 500.00,
<br />Total Revenue
<br />123,208.39
<br />103,665.00
<br />19,943.39
<br />118.85% "11,400.00
<br />Gross Profit
<br />129,x08.39
<br />103 685.00
<br />19,543.39
<br />118.86 % 441,400.40
<br />OPERATING EXPENSES
<br />Branding '
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />10,000.00
<br />Bank Service Charge
<br />14.92
<br />$4.00
<br />(69.08)
<br />17.76%
<br />50000
<br />Communications
<br />1,025.44
<br />1,000.00
<br />25.44
<br />102.54%
<br />6,000.00
<br />Office Expense
<br />618.85
<br />420.00
<br />198.85
<br />147.35%
<br />1,500.00
<br />Payroll Expenses
<br />115,329.44
<br />17.166.00
<br />(1,836.56)
<br />89.30%
<br />103,000.00
<br />Payroll Tax Expense
<br />1,161.39
<br />1,384.00
<br />(222.61)
<br />83.92%,
<br />8,300.00
<br />Marketing I Advertising
<br />0.00
<br />0.00
<br />0.00
<br />0.00%'
<br />5,000.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00 W
<br />3,000.00
<br />Bookkeeping
<br />1,021.00
<br />1,166.00
<br />(145.00)
<br />87.56 %
<br />7;000.00
<br />Electricity
<br />3,369.05
<br />6,666.00
<br />(3,296.95)
<br />50.54%
<br />40,000.00
<br />Water
<br />1,613.15
<br />834.00
<br />779.15
<br />193.42 %
<br />5,000.00
<br />Gas
<br />234.18
<br />250.00
<br />(15.82)
<br />93:67 %
<br />5,DDO.00
<br />Trash Disposal
<br />768.12
<br />834.00
<br />(65.88)
<br />92.10%
<br />5000.00
<br />Intown Auto Exp Allowance
<br />500.00
<br />500.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Small Equipment
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,000.00
<br />Chamber Management
<br />25,000.00
<br />25,000.00
<br />0.00 „
<br />0:00 %
<br />25,00D.00 -
<br />Eiffel Tower LightinglMairt
<br />0.00
<br />0.00
<br />0.00
<br />0.00 %
<br />2,000.00
<br />Building Maird./SplslEquip
<br />4,294.51
<br />4,400.00
<br />(105.49)
<br />97.60%
<br />99,000.00.
<br />Security
<br />117.90
<br />458.00
<br />(340.10)
<br />26.74%
<br />2,750.00
<br />Staff ins.IRetlrement
<br />1,143.46
<br />1,466.00
<br />(322.54)
<br />78.00%
<br />8,800.00
<br />Building Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0,00%
<br />5,000.00
<br />General Liability
<br />. 0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,700.00
<br />Workers Comp. Insurance
<br />43.15
<br />232.00
<br />(188.85)
<br />18.60%.
<br />1,400.00
<br />Directors & Officers
<br />• 0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Long.Term Disability
<br />239.74
<br />0.00
<br />239.74
<br />0.00%
<br />0.00
<br />Misc Expenses
<br />264.17
<br />250.00
<br />14.17
<br />105.67%
<br />1,500.00
<br />Ground Maintenance
<br />3,344.58
<br />1,416.00
<br />1,928.58
<br />236.20%
<br />8,500.00
<br />Bicycles 4 Related Expenses
<br />0.78
<br />0.00
<br />0.78
<br />0.00 %
<br />1,500.00
<br />Capital Improvements
<br />0.00
<br />0.00
<br />0.00
<br />0.00 % 76.950.00:
<br />Total Operating Expenses
<br />60,103.83
<br />63,526.00
<br />3422.17'
<br />°
<br />94.61 i6
<br />4414110.00
<br />Operating Income (Loss)'0:00
<br />63„104.58
<br />40,139.00
<br />22L955.56,
<br />..157.22„
<br />�
<br />OTHER INCOME
<br />Interest Income
<br />115.87
<br />58.00
<br />57.87
<br />199.78%
<br />350.00
<br />Tota[ Other Income
<br />115.87
<br />...._ 58.00
<br />57.97
<br />199.76%
<br />350:00
<br />Net Income (Loss)
<br />0.43
<br />40197.00
<br />231123.43
<br />157.28%
<br />350.00
<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 asstusoce is provided
<br />
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