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Love Civic Center
<br />Budget to Actual, YearAo-Date
<br />Modified Cash Basis
<br />For the 7 Months Ended April 30, 2022
<br />Fhu=ial statement preparation service provided by Mslnory, 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 dye 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 Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />MOMITax
<br />$ 203,324.53
<br />$ 177,500.00
<br />$ 25,824.53
<br />114.55 % $
<br />355,000.00
<br />R.V. Hook Up
<br />1,926.48
<br />1,955.00
<br />(36.52)
<br />98.04%
<br />7,500.00
<br />Mist Income
<br />0.00
<br />0.00
<br />DAD
<br />0.00%
<br />1,000.00
<br />Rent
<br />56,932.71
<br />55,900.00
<br />1,032.71
<br />101-05%
<br />85,000.00
<br />Refunded Deposits
<br />(9,000.00)
<br />(13,00D.00)
<br />(1,000.00)
<br />112.50%
<br />(10,000.00)
<br />Tower Lighting
<br />100.00
<br />100.00
<br />0.00
<br />100.00 %
<br />400.00
<br />Blcyde Rentals805.70
<br />.� . ........
<br />770.00
<br />35.70
<br />104.64 % A..,_....,..m
<br />2 500.00
<br />. *. w.....
<br />Total Revenue
<br />264,089A2
<br />µ 228 296.0026,854A2
<br />111.33%
<br />"1,4W.00
<br />Gross Profit
<br />o, w.w254,0119A2�,.
<br />228 236.00
<br />,.............
<br />OPERATING EXPENSES
<br />Branding Discovery
<br />1,583.33
<br />0.00
<br />1,583.33
<br />0,00%
<br />0.00
<br />rending
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />10,000.00
<br />Bank Service, Charge
<br />54.11
<br />294.00
<br />(239.89)
<br />18,40%
<br />500.00
<br />Communications
<br />3,006.85
<br />3,500.00
<br />(493.15)
<br />85.91%
<br />6,000.00
<br />01111ce Expense
<br />813.37
<br />605.00
<br />208.37
<br />134.44%
<br />1,500.00
<br />Payroll Expenses
<br />52,5D8.42
<br />60,085.00
<br />(7,576.58)
<br />87.39%
<br />103,000.00
<br />Payroll Tax Expense
<br />3,98124
<br />4,844.00
<br />(862.78)
<br />82.19%
<br />8,30D.OD
<br />Marketing l Advertising
<br />231.00
<br />250.00
<br />(19.00)
<br />92.40%
<br />5,000.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,000.00
<br />Bookkeeping
<br />4,062.99
<br />4,081.00
<br />1.99
<br />100,05%
<br />7,000.00
<br />Electrk;ky
<br />15,543.21
<br />23,331.00
<br />(7,787.79)
<br />66.62 %
<br />40,000.00
<br />Water
<br />3,101.28
<br />2,919.00
<br />182.28
<br />106.24%
<br />5,000.00
<br />Gas
<br />4,946.80
<br />4,950.00
<br />(3.20)
<br />99.94%
<br />51000.00
<br />Trash Disposal
<br />2,377.64
<br />2,919.00
<br />(541.36)
<br />81.45%
<br />51000.00
<br />Inh= Auto Exp Allowance
<br />975.00
<br />1,750.00
<br />(775.00)
<br />55.71%
<br />3,000.00
<br />Small Equipment
<br />635.00
<br />635,00
<br />0.00
<br />100.00%
<br />11000.00
<br />-Chemtier Management
<br />25,000.00
<br />25,000.00
<br />0.00
<br />100.00%
<br />25,000.00
<br />Eiffel Tower UghtinglMaint
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2.000.00
<br />Building MaintJSplslEquip
<br />20,762.41
<br />21,000.00
<br />(217.59)
<br />98.96 %
<br />99,000.00
<br />Security
<br />1,224.45
<br />1,603.013
<br />(378.65)
<br />76.36%
<br />2,750.00
<br />Staff Ins.lReUrement
<br />3,707.63
<br />5,135.00
<br />(1,427.37)
<br />7220%
<br />81800.00
<br />Building Insurance
<br />1,583.33
<br />1,500.00
<br />83.33
<br />105.56%
<br />5,000.00
<br />General Liability
<br />3,419.50
<br />3,700.00
<br />(280.50)
<br />92.42 %
<br />3,7.00.00
<br />Workers Comp. Insurance
<br />646.81
<br />832.00
<br />(185.19)
<br />77.74%
<br />1,400.00
<br />Directors & 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 />803.77
<br />805.00
<br />(1.23)
<br />99.85%
<br />11500.00
<br />Ground Maintenance
<br />7,114.50
<br />4,956.00
<br />2,158.50
<br />143.55%
<br />8,500.00
<br />Bicycles & Related Expenses
<br />52.72
<br />50.00
<br />2.72
<br />105.44%
<br />1,500.00
<br />Capftal Improvements
<br />0.000.00
<br />0.00
<br />DAO %
<br />78.850.00
<br />Total Operating Expenses
<br />W uM„160,316x9
<br />176,744.00
<br />(16,427.71)
<br />90.71%
<br />ww441�400�00
<br />Operating Income (Loss)
<br />83 773.13
<br />61 491 00
<br />42, 282A3
<br />182.12 %
<br />0.00
<br />OTHER INCOME
<br />Interest Incomb
<br />1 207„ 13
<br />203.00
<br />998.13
<br />601.60%
<br />350.00
<br />Total Other Income
<br />,.. 1201 13
<br />203.00
<br />998.13
<br />691.69%
<br />350.00
<br />Net Income (Loss)
<br />94,974.26
<br />61694.00
<br />43�80r.26
<br />183.72%
<br />i
<br />350.00
<br />Fhu=ial statement preparation service provided by Mslnory, 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 dye modified cash basis of
<br />accounting are omitted and no assurance is provided
<br />
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