|
Love Civic Center
<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 dt 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 Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 106,351.90
<br />$ 88,750.00 $
<br />17,601.90
<br />0.00% $
<br />355,000.00
<br />R.V. Hook Up
<br />1,517.04
<br />1,565.00
<br />(47.96)
<br />96.94%
<br />7,500.00
<br />Mise Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,000.00
<br />Rent
<br />30,231.17
<br />29,000.00
<br />1,231.17
<br />104.25%
<br />85,000.00
<br />Refunded Deposits
<br />(4,800.00)
<br />(4,800.00)
<br />0.00
<br />100.00%
<br />(10,000.00)
<br />Tower Lighting
<br />100.00
<br />100.00
<br />0.00
<br />100.00%
<br />400.00
<br />Bicycle Rentals
<br />�IT 784.22
<br />750.00
<br />34.22
<br />104.56%
<br />2,500.00
<br />Total Revenue
<br />134,184.33
<br />115,365.00
<br />18,8 9.33
<br />116.31%
<br />441,400.00
<br />Gross Profit
<br />134184.33
<br />115 365.00
<br />18,819.33
<br />116.31%
<br />441,400.00
<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 />24.25
<br />126.00
<br />(101.75)
<br />19.25%
<br />500.00
<br />Communications
<br />1,605.83
<br />1,500.00
<br />105.83
<br />107.06%
<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 />23,692.11
<br />25,753.00
<br />(2,060.89)
<br />92.00%
<br />103,000.00
<br />Payroll Tax Expense
<br />1,813.53
<br />2,076.00
<br />(262.47)
<br />87.36%
<br />8,300.00
<br />Marketing / 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%
<br />3,000.00
<br />Bookkeeping
<br />1,706.00
<br />1,749.00
<br />(43.00)
<br />97.54%
<br />7,000.00
<br />Electricity
<br />8,844.35
<br />9,999.00
<br />(1,154.65)
<br />88.45%
<br />40,000.00
<br />Water
<br />2,209.60
<br />1,251.00
<br />958.60
<br />176.63%
<br />5,000.00
<br />Gas
<br />701.01
<br />750.00
<br />(48.99)
<br />93.47%
<br />5,000.00
<br />Trash Disposal
<br />1,024.16
<br />1,251.00
<br />(226.84)
<br />81.87%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />500.00
<br />750.00
<br />(250.00)
<br />66.67%
<br />3,000.00
<br />Small Equipment
<br />35.00
<br />35.00
<br />0.00
<br />100.00%
<br />1,000.00
<br />Chamber Management
<br />25,000.00
<br />25,000.00
<br />0.00
<br />100.00%
<br />25,000.00
<br />Eiffel Tower Lighting/Maint
<br />0.00
<br />0.00
<br />0.00
<br />0.00 0A
<br />2,000.00
<br />Building Maint./6pls/Equip
<br />7,900.50
<br />8,000.00
<br />(99.50)
<br />98.76%
<br />99,000.00
<br />Security
<br />176.85
<br />687.00
<br />(510.15)
<br />25.74%
<br />2,750.00
<br />Staff Ins./Retirement
<br />1,565.35
<br />2,203.00
<br />(637.65)
<br />71.06%
<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 />3,419.50
<br />3,700.00
<br />(280.50)
<br />92.42%
<br />3,700.00
<br />Workers Comp. Insurance
<br />646.81
<br />832.00
<br />(185.19)
<br />77.74%
<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 Tenn Disability
<br />353.58
<br />0.00
<br />353.58
<br />0.00%
<br />0.00
<br />Misc Expenses
<br />540.41
<br />525.00
<br />15.41
<br />102.94%
<br />1,500.00
<br />Ground Maintenance
<br />3,962.91
<br />2,124.00
<br />1,838.91
<br />186.58%
<br />8,500.00
<br />Bicycles & 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 />000
<br />_ 0.00
<br />_0.00%
<br />76950 0
<br />Total Operating Expenses
<br />86,341.98
<br />______.!8,731.00
<br />'2388.62)
<br />_ 97.31%
<br />441,400.00
<br />Operating Income (Loss)
<br />47,842.95
<br />26,634.00
<br />21,208.95
<br />179.63%
<br />0.00
<br />OTHER INCOME
<br />Interest Income
<br />215.71
<br />87.00 _
<br />_ w 128.71
<br />247.94% m
<br />350.00
<br />Total Other Income
<br />215.71.
<br />87.00
<br />128.71
<br />247.94%
<br />350.00._...�..m
<br />Net Income (Loss)
<br />48,058.66
<br />26 721 0021
<br />337 66
<br />179.85%
<br />350.00
<br />Financial statement preparation service provided by Malnory, McNeal dt 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 />
|