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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 5 Months Ended February 28, 2022
<br />Financial statement preparation service provided by Mainory, 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 />5 Months Ended
<br />5 Months Ended
<br />Feb 28, 2022
<br />Feb 28, 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 />1,829.49
<br />_......_ 104.1$
<br />1,725.30
<br />1,755.92%
<br />250.00
<br />Total Revenue
<br />._. 408,478.54
<br />355,104.19
<br />53,374.35
<br />115.03%
<br />710,250.00
<br />Operating Expenses
<br />Postage
<br />153.16
<br />154.00
<br />(0.84)
<br />99,45%
<br />1,000.00
<br />Misc Expenses
<br />339.19
<br />335.00
<br />4.19
<br />101.25%
<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 Camp
<br />645.62
<br />645.00
<br />1.82
<br />100.28%
<br />1,000.00
<br />Staff Ins./Retirement
<br />2,897.01
<br />3,645.00
<br />(747,99)
<br />79.48%
<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 />20D.00
<br />(35.48)
<br />82.26%
<br />2,000.OD
<br />Intown Auto/Exp Allowance
<br />900.00
<br />1,250.00
<br />(350.00)
<br />72.00%
<br />3,000.00
<br />Membership Dues/Sub.
<br />100.00
<br />100.00
<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 />3,000.00
<br />Bookkeeping
<br />2,945.58
<br />2,915.00
<br />30.58
<br />101.05%
<br />7,000.00
<br />Payroll Expenses
<br />34,343.65
<br />35,220.00
<br />(876.35)
<br />97.51 %
<br />84,525.00
<br />Payroll Tax Expense
<br />2,829.10
<br />2,770.00
<br />59.10
<br />102.13%
<br />6,650.00
<br />Office Expense
<br />1,071.57
<br />1,250.00
<br />(178.43)
<br />85.73%
<br />3,000.00
<br />Communications
<br />2,214.47
<br />1,460.00
<br />754.47
<br />151.68%
<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 />42.91
<br />210.00
<br />(157.09)
<br />20,43%
<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 />26,778.00
<br />26,900.00
<br />(122.00)
<br />99.55%
<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 />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 />61500.00
<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 />9,157.33
<br />8,500.00
<br />657.33
<br />107,73%
<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 />5,000.00
<br />5,00D.00
<br />0.00
<br />100.00%
<br />--.__L2,000.00
<br />Total Operating Expenses
<br />334 336,11
<br />309,354.00
<br />24,982.19
<br />108.0,8%
<br />770,375.00
<br />Operating Income(Loss)
<br />74,142,43
<br />45750.
<br />,392._2_4_
<br />162.06%
<br />_25.00
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.25
<br />415.00
<br />(414.75)
<br />0.06%
<br />1,000.00
<br />Trolley Historical
<br />2,850.00
<br />1,350.00
<br />1,500.00
<br />211.11%
<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 />3,140.00
<br />2,000.00
<br />1,140.00
<br />157.00%
<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 />Pump Track Event Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />Souvenir Sales
<br />..787.76
<br />695.00
<br />92.76
<br />113.35%
<br />61000.00
<br />Interest Income
<br />95.31
<br />104.198)
<br />91.48%
<br />_ 250.00
<br />Total Not -Hot Income
<br />8,873.32
<br />6,564.19
<br />2,309.13
<br />135.18%
<br />75,250.00
<br />Financial statement preparation service provided by Mainory, 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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