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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 12 Months Ended September 30, 2022
<br />OTHER INCOME
<br />Interest Income 1,955.69 350.00 1,605.69 558.77% w 350.00
<br />Total Other Income 1,955.69 350.00 1,605.69 558.77% 350.00
<br />Net Income Loss 166,687.61 350.00 166 337.61 47L6255.03 •% 350.00
<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
<br />12 Months Ended
<br />12 Months Ended
<br />Sep 30, 2022.
<br />Sep 30, 2022
<br />Variance
<br />°% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 412,533.42
<br />$ 355,000.00
<br />$ 57,533.42
<br />116.21%
<br />$ 355,000.00
<br />R.V. Hook Up
<br />5,752.23
<br />7,500.00
<br />(1,747.77)
<br />76.70%
<br />7,500.00
<br />Misc Income ,
<br />0.00
<br />1,000.00
<br />(1,000.00)
<br />0.00%
<br />1,000.00
<br />Rent
<br />95,821.29
<br />85,000.00
<br />10,821.29
<br />112.73%
<br />85,000.00
<br />Refunded Deposits
<br />(14,400.00)
<br />(10,000.00)
<br />(4,400.00)
<br />144.00%
<br />(10,000.00)
<br />Tower Lighting
<br />200.00
<br />400.00
<br />(200.00)
<br />50.00%
<br />•400.00
<br />Bicycle Rentals
<br />805.70
<br />2,500A0
<br />____JI,694.3j
<br />32.23%
<br />2 500.00 "•
<br />Total Revenue
<br />500 712.64
<br />441,460.00
<br />_ _ 59,312.64
<br />113.44%
<br />441,400.00
<br />Grass Profit
<br />500 712.64
<br />441,400.00,
<br />59 312.64113.44
<br />%
<br />441 x400.00
<br />OPERATING EXPENSES
<br />Branding Discovery
<br />11,083.33
<br />10,000.00
<br />1,083.33
<br />110.83%
<br />10,000.00
<br />Bank Service Charge
<br />136.40
<br />500.00
<br />(363.60)
<br />27.28%
<br />500.00
<br />Communications
<br />5,866.38
<br />6,000.00
<br />(133.62)
<br />97.77%
<br />6,000.00
<br />Office Expense
<br />2,258.33
<br />1,500.00
<br />758.33
<br />150.56%
<br />1,500.00
<br />Payroll Expenses
<br />96,389.92
<br />103,000.00
<br />(6,610.08)
<br />93.58%
<br />103,000.00.
<br />Payroll Tait Expense
<br />7,340.41
<br />8,300.00
<br />(959.59)
<br />88.44%
<br />8,300.00
<br />Marketing /Advertising
<br />4,429.00
<br />5,000.00
<br />(571.00)
<br />88.58%
<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 />6,377.47
<br />7,000.00
<br />(622.53)
<br />91.11%
<br />7,000.00
<br />Electr1c,'ity
<br />31,817.57
<br />40,000.00
<br />(8,182.43)
<br />79.54%
<br />40,000.00
<br />Water
<br />5,810.29
<br />5,000.00
<br />810.29
<br />116.21%
<br />5,000.00
<br />Gas
<br />5,811.84
<br />5,000.00
<br />611.84
<br />116.24%
<br />5,000.00
<br />Trash Disposal
<br />3,530.13
<br />5,000.00
<br />(1,469.87)
<br />70.60%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />2,492.93
<br />3,000.00
<br />(507.07)
<br />83.10%
<br />3,000.00
<br />Small Equipment
<br />635.00
<br />1,000.00
<br />(365.00)
<br />63.50%
<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 />716.45
<br />2,000.00
<br />(1,283.55)
<br />35.82%
<br />2,000.00
<br />Building Malnt./Spls/Equip
<br />85,767.49
<br />99,000.00
<br />(13,232.51)
<br />86.63%
<br />99,000.00
<br />Security
<br />1,401.30
<br />2,750.00
<br />(1,348.70)
<br />50.96%
<br />2,750.00
<br />Staff Ins./Retirement
<br />7,398.40
<br />8,800.00
<br />(1,401.60)
<br />84.07%
<br />8,800.00
<br />Building Insurance
<br />1,583.33
<br />5,000.00
<br />(3,416.67)
<br />31.67%
<br />5,000.00
<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 />696.85
<br />1,400.00
<br />(703.15)
<br />49.78%
<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 />Misc Expenses
<br />1,243.18
<br />1,500.00
<br />(256.82)
<br />82.88%
<br />1,500.00
<br />Ground Maintenance
<br />13,486.16
<br />8;500.00
<br />4,986.16
<br />158.66%
<br />8,500.00
<br />Bicycles & Related Expenses
<br />52.72
<br />1,500.00
<br />(1,447.28)
<br />3.51 %
<br />1,500.00
<br />Capital Improvements7,010.00
<br />76,95000mm
<br />X68„ 940 00)
<br />9.11 °%
<br />76,950.00
<br />Total Operating Expenses
<br />335,980.72
<br />447,400.00105
<br />479.28_
<br />_ 76.72 °k
<br />441,400.00
<br />Operating Income (Loss)
<br />164 737.92 m
<br />0.00
<br />764 731.92
<br />0.00
<br />OTHER INCOME
<br />Interest Income 1,955.69 350.00 1,605.69 558.77% w 350.00
<br />Total Other Income 1,955.69 350.00 1,605.69 558.77% 350.00
<br />Net Income Loss 166,687.61 350.00 166 337.61 47L6255.03 •% 350.00
<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
<br />
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