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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 9 Months Ended June 30, 2022
<br />Financial statement preparation service provided by Malnory. McNeal 8c 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 we omitted and no assurance is provided
<br />9 Months Ended
<br />9 Months Ended
<br />Jun 30, 2022
<br />Jun 30, 2022
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 294,302.53
<br />$ 266,250.00
<br />$ 28,052.53
<br />110.54% $
<br />355,000.00
<br />R.V. Hook Up
<br />3,087.37
<br />3,215.00
<br />(127.63)
<br />96.03%
<br />7,500.00
<br />Misc Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,000.00
<br />Rent
<br />74,630.13
<br />68,650.00
<br />5,980.13
<br />108.71 %
<br />85,000.00
<br />Refunded Deposits
<br />(10,800.00)
<br />(8,800.00)
<br />(2,000.00)
<br />122.73%
<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 />770.00
<br />35.70
<br />104.64%
<br />2,500.00
<br />Total Revenue
<br />362,126.73
<br />330,165.00
<br />_ 31,940.73
<br />109.67%
<br />441.400.00
<br />Gross Profit
<br />362,125.73
<br />330,
<br />31,940.73
<br />109.67%
<br />441,400.00
<br />OPERATING EXPENSES
<br />Branding Discovery
<br />41-750.00
<br />4,700.00
<br />50.00
<br />0.00%
<br />10,000.00
<br />Bank Service Charge
<br />69.06
<br />377.00
<br />(307.94)
<br />18.32%
<br />500.00
<br />Communications
<br />3,378.27
<br />4,500.00
<br />(1,121.73)
<br />75.07%
<br />6,000.00
<br />Office Expense
<br />921.00
<br />705.00
<br />216.00
<br />130.64%
<br />1,500.00
<br />Payroll Expenses
<br />67,837.86
<br />77,251.00
<br />(9,413.14)
<br />87.81 %
<br />103,000.00
<br />Payroll Tax Expense
<br />5,142.61
<br />6,228.00
<br />(1,085.39)
<br />82.57%
<br />8,300.00
<br />Marketing /Advertising
<br />330.00
<br />350.00
<br />(20.00)
<br />94.29%
<br />5,000.00
<br />Audit
<br />2,666.67
<br />3,000.00
<br />(333.33)
<br />88.89%
<br />3,000.00
<br />Bookkeeping
<br />4,957.63
<br />5,247.00
<br />(289.37)
<br />94.49%
<br />7,000.00
<br />Electricity
<br />24,676.34
<br />29,998.00
<br />(5,321.66)
<br />82.26%
<br />40,000.60
<br />Water
<br />3,923.25
<br />3,753.00
<br />170.25
<br />104.54 %
<br />51000.00
<br />Gas
<br />5,803.78
<br />5,000.00
<br />803.78
<br />116.08%
<br />5,000.00
<br />Trash Disposal
<br />2,948.36
<br />3,753.00
<br />(804.64)
<br />78.66%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />1,577.38
<br />2,250.00
<br />(672.62)
<br />70.11 °%
<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 />36,262.05
<br />37,100.00
<br />(837.95)
<br />97.74%
<br />'99,000.00
<br />Security
<br />1,283.40
<br />2,061.00
<br />(777.60)
<br />6127 °%
<br />2,750.00
<br />Staff Ins./Retirement
<br />4,750.05
<br />6,601.00
<br />(1,850.95)
<br />71.96%
<br />8,800.00
<br />Building Insurance
<br />1,583.33
<br />1,500.00
<br />83.33
<br />105.56%
<br />5,000.0'0
<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 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 />1,744.87
<br />1,055.00
<br />689.87
<br />165.39%
<br />1,500.00
<br />Ground Maintenance
<br />9,712.83
<br />6,372.00
<br />3,340.83
<br />152.43%
<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%
<br />76,950.00
<br />Total Operating Expenses
<br />216,213.70
<br />234.L013.00
<br />17,804:30
<br />92.39%
<br />441,400.00
<br />Operating Income (Loss)
<br />145 912.03
<br />96,167.00
<br />49 745.03
<br />°
<br />151.73 /e
<br />0.00
<br />OTHER INCOME
<br />Interest Income
<br />..... 1,591143
<br />261.00
<br />1,330.43
<br />609.74%
<br />350.00
<br />Total Other Income
<br />1,591 A3
<br />261.00
<br />330A3
<br />60914%
<br />350.00
<br />Net Income (Loss)
<br />147 503 46
<br />96,428.00
<br />51 075,46
<br />152.97%
<br />350.00
<br />Financial statement preparation service provided by Malnory. McNeal 8c 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 we omitted and no assurance is provided
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