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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 8 Months Ended May 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 />8 Months Ended
<br />8 Months Ended
<br />May 31, 2022
<br />May 313 2022
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 588,605.04
<br />$ 532,500.00
<br />$ 56,105.04
<br />110.54%
<br />$ 710,000.00
<br />Hot Money Interest
<br />µ 1868.43
<br />Mw Y W 166.68
<br />1 7 01 75
<br />1,120.97 °�
<br />IT 250.00
<br />Total Revenue
<br />590,473A7
<br />532,666.68
<br />57,806.79
<br />110.85 °,6
<br />710,260.00
<br />Operating Expenses
<br />Postage
<br />265.16
<br />269.00
<br />(3.84)
<br />98.57%
<br />1,000.00
<br />Misc 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 />645.82
<br />645.00
<br />1.82
<br />100.28%
<br />1,000.00
<br />Staff InsJRet1rement
<br />4,478.36
<br />5,832.00
<br />(1,353.64)
<br />76.79%
<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 />37,500.00
<br />37,500.00
<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 />1,500.00
<br />2,000.00
<br />(500.00)
<br />75.00%
<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 />2,666.67
<br />3,000.00
<br />(333.33)
<br />88.89%
<br />3,000.00
<br />Bookkeeping
<br />4,426.16
<br />4,664.00
<br />(237.84)
<br />94.90%
<br />7,000.00
<br />Payroll Expenses
<br />54,922.27
<br />56,352.00
<br />(1,429.73)
<br />97.46%
<br />84,525.00
<br />Payroll Tax Expense
<br />4,424.70
<br />4,432.00
<br />(7.30)
<br />99.84%
<br />6,650.00
<br />Office Expense
<br />1,738.69
<br />2,000.00
<br />(261.31)
<br />86.93%
<br />3,000.00
<br />Communications
<br />2,091.70
<br />2,336.00
<br />(244.30)
<br />89.54%
<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 />65.29
<br />336.00
<br />(270.71)
<br />19.43%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />294,302.53
<br />266,250.00
<br />28,052.53
<br />110.54%
<br />355,000.00
<br />Marketing /Advertising
<br />45,326.84
<br />45,600.00
<br />(273.16)
<br />99.40%
<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 />2,162.08
<br />2,200.00
<br />(37.92)
<br />98.28%
<br />32,000.00
<br />ASA
<br />7,926.44
<br />7,940.00
<br />(13.56)
<br />99.83%
<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 />1,508.63
<br />1,500.00
<br />8.63
<br />100.58%
<br />6,500.00
<br />Pump Track Event
<br />1,500.00
<br />1,500.00
<br />0.00
<br />100.00%
<br />5,000.00
<br />Branding Discovery
<br />4,750.01
<br />3,200.00
<br />1,550.01
<br />148.44%
<br />10,000.00
<br />Events Promotion / Funding
<br />26,328.33
<br />25,600.00
<br />728.33
<br />102.85%
<br />46,000.00
<br />Arts Allocation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />106.00%
<br />7,000.00
<br />Rent to COC
<br />_M ....I 00.
<br />.. 8 000 00
<br />0.00
<br />_ m 100.00%
<br />______j2,000.00
<br />Total Operating Expenses
<br />522,802.53
<br />497,,081.00
<br />_ 25,721.53
<br />_ 105.17%
<br />77037500
<br />Operating Income (Loss)
<br />67,670.94
<br />_ _ 35
<br />190.16%
<br />60,125.00
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.25
<br />664.00
<br />(663.75)
<br />0.04%
<br />1,000.00
<br />Trolley/Historical
<br />3,500.00
<br />2,000.00
<br />1,500.00
<br />175.00%
<br />5,000.00
<br />Tour de Paris Income
<br />14,969.09
<br />15,000.00
<br />(30.91)
<br />99.79%
<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 />9,500.00
<br />0.00
<br />9,500.00
<br />0.00%
<br />5,000.00
<br />Souvenir Sales
<br />3,065.93.
<br />2,995.00
<br />70.93
<br />102.37%
<br />6,000.00
<br />Interest Income
<br />157.13
<br />166.68
<br />(9.55
<br />_ 94.27%
<br />250.00
<br />Total Not -Hot Income
<br />3B,�76250.00rv.
<br />2
<br />.747.36
<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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