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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 7 Months Ended April 30, 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 />7 Months Ended
<br />7 Months Ended
<br />Apr 30, 2022
<br />Apr 30, 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 />$ 355,000.01)
<br />$ 51,649.05
<br />114.55%
<br />$ 710,000.00
<br />Hot Mone Interest
<br />y
<br />2.95,
<br />145.85
<br />1,717.10
<br />1,277.31%
<br />250.00
<br />Total Revenue
<br />408,,512-0
<br />355,145.85
<br />53,366.15
<br />115.03%
<br />710,250.00
<br />Operatinfl Expenses
<br />Postage
<br />258:78
<br />259.00
<br />(0.22)
<br />99.92%
<br />1,OOD.00
<br />Mise Expenses
<br />426.63
<br />425.00
<br />1.63
<br />100.38%
<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 Ins./Retirement
<br />4,009.99
<br />5,103.00
<br />(1,093.01)
<br />78.58%
<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 />313.58
<br />350.00
<br />(36.42)
<br />89.59%
<br />2,000.00
<br />Intown Auto/Exp Allowance
<br />1,300.00
<br />1,750.00
<br />(450.00)
<br />74.29%
<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 />4,082.96
<br />4,081.00
<br />1.98
<br />100.05%
<br />7,000.00
<br />Payroll Expenses
<br />48,062.73
<br />49,308.00
<br />(1,245.27)
<br />97.47%
<br />84,525.00
<br />Payroll Tax Expense
<br />3,905.10
<br />3,878.00
<br />27.10
<br />100.70%
<br />6,650.00
<br />Office Expense
<br />1,525.64
<br />1,750.00
<br />(224.16)
<br />87.19%
<br />3,000.00
<br />Communications
<br />2,091.70
<br />2,044.00
<br />47.70
<br />102.33%
<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 />57.83
<br />294.00
<br />(236.17)
<br />19.67%
<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 />39,783.59
<br />40,000.00
<br />(216.41)
<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 />1,569.00
<br />1,600.00
<br />(31.00)
<br />95.06%
<br />32,000.00
<br />ASA
<br />339.00
<br />340.00
<br />(1.0D)
<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 />11458.63
<br />1,450.00
<br />8.63
<br />100.60%
<br />6,500.00
<br />Pump Track Event
<br />750.00
<br />750.00
<br />0.00
<br />100.00%
<br />5,000.00
<br />Branding Discovery
<br />3,166.68
<br />1,600.00
<br />1,566.68
<br />197.92%
<br />10,000.00
<br />Events Promotion / Funding
<br />12,167.83
<br />11,600.00
<br />567.83
<br />104.90%
<br />46,600.00
<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 />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />12 000.00
<br />Total Operating Expenses
<br />376,772.88
<br />351,877.00
<br />241895.88
<br />107.08%
<br />Operating income (Loss)
<br />31,739.12
<br />3,266.85
<br />p 28,470.27
<br />970.96%
<br />(60,125.00)
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.25
<br />581.00
<br />(580.75)
<br />0.04%
<br />1,000.00
<br />Trolley / Historical
<br />3,500.00
<br />2,000.00
<br />11500.00
<br />175.00%
<br />5,000.00
<br />Tour de Paris Income
<br />12,310.00
<br />12,300.00
<br />10.00
<br />100.08%
<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 />Pump Track Event Income
<br />8,500.00
<br />0.00
<br />8,500.00
<br />0.00%
<br />5,000.00
<br />Souvenir Sales
<br />2,464.39
<br />2,395.00
<br />69.39
<br />102.90%
<br />6,000.00
<br />Interest IncomeITITITIT
<br />135.71
<br />145.85
<br />(10.14
<br />93.05%
<br />250.00
<br />Total Not -Hot Income
<br />32300.35
<br />10,878.50
<br />150.78%
<br />76,250.00
<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
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