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Paris Visitor & Convention Council
<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 />Hotel / Motel Occupancy Tax
<br />$ 406,649.05
<br />,$ 355,000.00
<br />$ 51,649.05
<br />114.55%
<br />$ 710,000.00
<br />Hot Money Interest
<br />1,858.65
<br />.125.02
<br />_1,733.63
<br />__._j486.68 %
<br />250.00
<br />Total Revenue
<br />408,507.70
<br />355126.02
<br />63,382.68
<br />115.03,%
<br />710,250.00
<br />Operating Expenses
<br />Postage
<br />175.35
<br />179.00
<br />(3.65)
<br />97.96%
<br />11000.00
<br />Misc Expenses
<br />375.95
<br />375.00
<br />0.95
<br />100.25%
<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 />1,559.67
<br />1,700.00
<br />(140.33)
<br />91.75%
<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 InsJRetirement
<br />3,265.16
<br />4,374.00
<br />(1,108.84)
<br />74.65%
<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 />25,000.00
<br />25,000.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Out of Town Travel
<br />164.52
<br />200.00
<br />(35.48)
<br />82.26%
<br />2,000.00
<br />Intown Auto/Exp Allowance
<br />1,100.00
<br />1,500.00
<br />(400.00)
<br />73.33%
<br />3,000.00
<br />Membership Dues/Sub.
<br />1,100.00
<br />850.00
<br />250:00
<br />129.41 %
<br />5,500.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,000.00
<br />Bookkeeping
<br />3,421.98
<br />3,498.00
<br />(76.02)
<br />97.83%
<br />7,000.00
<br />Payroll Expenses
<br />41,337.99
<br />42,264.00
<br />(926.01)
<br />97.81 %
<br />84,525.00
<br />Payroll Tax Expense
<br />3,393.56
<br />3,324.00
<br />69.56
<br />102.09%
<br />6,650.00
<br />Office Expense
<br />1,392.19
<br />1,500.00
<br />(107.81)
<br />- 92.81 %
<br />3,000.00
<br />Communications
<br />2,357.15
<br />1,752.00
<br />605.15
<br />134.64%
<br />3,500.00
<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 />50.37
<br />252.00
<br />(201.63)
<br />19.99%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />203,324.53
<br />177,500.00
<br />25,824.53
<br />114.55%
<br />355,000.00
<br />Marketing /Advertising
<br />32,323.59
<br />32,500.00
<br />(176.41)
<br />99.46%
<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 />800.00
<br />(12.00)
<br />98.00%
<br />32,000.00
<br />ASA
<br />339.00
<br />340.00
<br />(1.00)
<br />99.71 %
<br />26,500.00
<br />ASA Indoor Archery Event Exp
<br />1,825.45
<br />1,850.00
<br />(24.55)
<br />98.67%
<br />2,300.00
<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 />1,583.34
<br />1,600.00
<br />(16.66)
<br />98.96%
<br />10,000.00
<br />Events Promotion / Funding
<br />12,107.33
<br />11,500.00
<br />607,33
<br />105.28%
<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 COC
<br />6,000.00
<br />6,000.00
<br />0.00
<br />100-00%
<br />............. .12,000.00
<br />Total Operating Expenses
<br />355,887.10
<br />331,453.00
<br />24,434.10
<br />107.37%
<br />770,375.00
<br />Operating Income (Loss)
<br />52,620.50
<br />. 23,672.0228,948.58„
<br />222.29%
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.25
<br />498.00
<br />(497.75)
<br />0.05%
<br />1,000.00
<br />Trolley/Historical
<br />3,100.00
<br />1,600.00
<br />1,500.00
<br />193.75%
<br />5,000.00
<br />Tour de Paris Income
<br />1,000.00
<br />1,000.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />ASA Indoor Archery Event
<br />3,390.00
<br />2,000.00
<br />1,390.00
<br />169.50%
<br />2,000.00
<br />TMBRA Bicycle Race
<br />2,000.00
<br />2,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />Red Bull Qualifier
<br />3,500.00
<br />0.00
<br />3,500.00
<br />0.00%
<br />0.00
<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 />1,360.13
<br />1•,295.00
<br />65.13
<br />105.03%
<br />6,000.00
<br />Interest Income
<br />.�...... 15.32
<br />125.02
<br />� (9.70)
<br />� 92.24 %
<br />250.00,
<br />...�� mmm
<br />Total Not -Not Income
<br />14,465.70
<br />8,518.02
<br />5 947.68
<br />69.82%
<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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