|
Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 6 Months Ended March 31, 2022
<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 />6 Months Ended
<br />6 Months Ended
<br />Mar 31, 2022
<br />Mar 31, 2022
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 203,324.53
<br />$ 177,500.00
<br />$ 25,824.53
<br />114.W%
<br />$ 355,000.00
<br />R.V. Hook Up
<br />1,719.08
<br />1,765.00
<br />(45.92)
<br />97.40%
<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 />51,582.71
<br />50,500.00
<br />1,082.71
<br />102.14%
<br />85,000.00
<br />Refunded Deposits
<br />(7,600.00)
<br />(7,600.00)
<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 />805.70
<br />M� 770.00
<br />35.70
<br />104.64%
<br />2,500.00
<br />Total Revenue
<br />249,932.02
<br />223,035.00
<br />26,897.02
<br />112.06%
<br />441,400.00
<br />Gross Profit
<br />241,1932.R2
<br />223,035.00
<br />26,897.02
<br />112.06%
<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 />46.65
<br />252.00
<br />(205.35)
<br />18.51 %
<br />500.00
<br />Communications
<br />2,777.63
<br />3,000.00
<br />(222.37)
<br />92.59%
<br />6,000.00
<br />Office Expense
<br />813.37
<br />605.00
<br />208.37
<br />134.44%
<br />1,500.00
<br />Payroll Expenses
<br />44,830.48
<br />51,502.00
<br />(6,671.52)
<br />87.05%
<br />103,000.00
<br />Payroll Tax Expense
<br />3,402.72
<br />4,152.00
<br />(749.28)
<br />81.95%
<br />8,300,00
<br />Marketing / Advertising
<br />198.00
<br />200.00
<br />(2.00)
<br />99,00%
<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 />3,421.99
<br />3,498.00
<br />(76.01)
<br />97.83%
<br />7,000.00
<br />Electricity
<br />13,367.88
<br />19,998.00
<br />(6,630.12)
<br />66.85%
<br />40,000.00
<br />Water
<br />2,730.79
<br />2,502.00
<br />228.79
<br />109.14%
<br />5,000.00
<br />Gas
<br />4,246.31
<br />4,250.00
<br />(3.69)
<br />99.91 %
<br />5,000.00
<br />Trash Disposal
<br />2,092.28
<br />2,502.00
<br />(409.72)
<br />83.62%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />725.00
<br />1,500.00
<br />(775.00)
<br />48.33%
<br />3,000.00
<br />Small Equipment
<br />635.00
<br />635.00
<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%
<br />2;000.00
<br />Building Maint./Spls/Equip
<br />20,076.74
<br />20,200.00
<br />(123.26)
<br />99.39%
<br />99,000.00
<br />Security
<br />1,165.50
<br />1,374.00
<br />(208.50)
<br />84.83%
<br />2,756.00
<br />Staff Ins./Retirement
<br />2,904.33
<br />4,402.00
<br />(1,497.67)
<br />65.98%
<br />8,800.00
<br />Building Insurance
<br />1,583.33
<br />1,500.00
<br />83.33
<br />105.56%
<br />5,000.00
<br />General Liability
<br />3,419.50
<br />3,700.00
<br />(260.50)
<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 8 Officers
<br />1,559.67
<br />2,000.00
<br />(440.33)
<br />77.98%
<br />2,000.00
<br />Long Term Disability
<br />581.26
<br />0.00
<br />581.26
<br />0.00%
<br />0.00
<br />Misc Expenses
<br />785.71
<br />785.00
<br />0.71
<br />100.09%
<br />1,500.00
<br />Ground Maintenance
<br />5,817.90
<br />4,248.00
<br />1,569.90
<br />136.96%
<br />8,500.00
<br />Bicycles 5 Related Expenses
<br />52.72
<br />50.00
<br />2.72
<br />105.44%
<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 />142,88 67
<br />158,687.00
<br />X15,805.43
<br />90.04%
<br />441,400.00
<br />Operating Income (Loss)
<br />.... 107,050.45
<br />64,348.00
<br />42,702.45
<br />_ 166.36%
<br />0.00
<br />OTHER INCOME
<br />Interest Income
<br />1,177,55
<br />174.00
<br />1,003.55
<br />676.75 %
<br />-ITITp ,,,,350.00
<br />Total Other Income
<br />174.00
<br />_ 676.75%
<br />350.00
<br />Net Income (Loss)__108
<br />mm 64522u00
<br />43 706.00
<br />167.74%
<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 assurance is provided
<br />
|