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Love Civic Center
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the 1 Month Ended May 31, 2022 and 2021 and 8 Months Ended May 31, 2021
<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 />1 Month Ended
<br />1 Month Ended
<br />1 Month Ended
<br />8 Months Ended
<br />May 31, 2022
<br />May 31, 2022
<br />May 31, 2021
<br />May 31, 2021
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Motel Tax
<br />$ 90,978.00
<br />$ 88,750.00
<br />$ 113,079.83
<br />$ 317,608.54
<br />R.V. Hook Up
<br />1,026.16
<br />1,100.00
<br />236.27
<br />1,971.34
<br />Misc Income
<br />0.00
<br />0.00
<br />0.00
<br />400.00
<br />Rent
<br />71257.70
<br />7;300.00
<br />6,921.29
<br />31,163.62
<br />Refunded Deposits
<br />(1,400.00)
<br />(400.00)
<br />(1,300.00)
<br />(6,210.00)
<br />Tower Lighting
<br />0.00
<br />0.00
<br />0.00
<br />292.70
<br />Bicycle Rentals
<br />0.00
<br />0 00498
<br />69
<br />1,737.80
<br />Total Revenue
<br />97,861.80
<br />96,750.00
<br />119,436.08
<br />346,964.00
<br />Operating Expenses
<br />Branding Discovery
<br />1,583.33
<br />0.00
<br />0.00
<br />0.00
<br />Bank Service Charge
<br />7.47
<br />42.00
<br />9.33
<br />85.09
<br />Communications
<br />310.43
<br />500.00
<br />425.78
<br />4,437.27
<br />Office Expense
<br />107.63
<br />100.00
<br />63.09
<br />714.06
<br />Payroll Expenses
<br />7,664.72
<br />8,583.00
<br />7,802.60
<br />64,669.59
<br />Payroll Tax Expense
<br />580.69
<br />692.00
<br />593.32
<br />4,877.26
<br />Marketing / Advertising
<br />99.00
<br />100.00
<br />116.00
<br />1,022.34
<br />Audit
<br />2,666.67
<br />3,000.00
<br />2,333.33
<br />2,333.33
<br />Bookkeeping
<br />343.14
<br />583.00
<br />478.33
<br />3,937.01
<br />Membership Dues/Sub
<br />0.00
<br />0.00
<br />0.00
<br />168.00
<br />Electricity
<br />2,893.31
<br />3,333.00
<br />1,977.74
<br />15,773.70
<br />Water
<br />466.93
<br />417.00
<br />357.58
<br />3,603.62
<br />Gas
<br />269.86
<br />50.00
<br />259.42
<br />4,190.17
<br />Trash Disposal
<br />285.36
<br />417.00
<br />0.00
<br />3,198.73
<br />Intown Auto Exp Allowance
<br />352.38
<br />250.00
<br />250.00
<br />2,160.78
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />18,000.00
<br />Eiffel Tower Lighting/Maint
<br />0.00
<br />0.00
<br />0.00
<br />351.20
<br />Building Maint./Spls/Equip
<br />4,059.44
<br />4,100.00
<br />4,752.05
<br />46,389.17
<br />Security
<br />58.95
<br />229.00
<br />115.95
<br />1,226.40
<br />Staff Ins./Retirement
<br />535.73
<br />733.00
<br />563.94
<br />6,215.33
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />1,344.25
<br />Workers Comp. Insurance
<br />0.00
<br />0.00
<br />0.00
<br />621.31
<br />Directors & Officers
<br />0.00
<br />0.00
<br />0.00
<br />1,559.64
<br />Misc Expenses
<br />100.01
<br />100.00
<br />101.91
<br />479.12
<br />Ground Maintenance
<br />650.00
<br />708.00
<br />0.00
<br />4,149.16
<br />Bicycles & Related Expenses
<br />0.00
<br />0.00
<br />254.23
<br />926.03
<br />Total Operating Expenses
<br />23,035.05
<br />23,937.002
<br />0,454.60
<br />192,432.56
<br />Operating income (Loss)
<br />74,826.75
<br />72x813.00
<br />98 981.48.
<br />154,531A4
<br />Other Income
<br />Interest Income302.68
<br />29.00
<br />14.76
<br />422.69
<br />Total Other Income
<br />302.68
<br />29.00
<br />14.76
<br />422.69
<br />Net Income (Loss)
<br />75 129.43
<br />72,842.00
<br />$ 98 996.24
<br />154,954.13
<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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