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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 10 Months Ended July 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 />10 Months Ended 10 Months Ended
<br />Jul 31, 2022
<br />Jul 31, 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 />110.64%
<br />$ 710,000.00
<br />Hot Money Interest
<br />902.74
<br />......�
<br />208.34
<br />1694.40
<br />913.29„ %
<br />250.00
<br />Total Revenue
<br />590,507.78
<br />532,708.34
<br />57799-44
<br />110.85%
<br />710 250.00
<br />Operating Expenses
<br />Postage
<br />330.82
<br />339.00
<br />(8.18)
<br />97.59%
<br />11000.00
<br />Misc Expenses
<br />559.75
<br />575.00
<br />(15.25)
<br />97.35%
<br />1,500.00
<br />General Liability
<br />1,768.00
<br />1,650.00
<br />118.00
<br />107.15%
<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 />Worker's Comp
<br />646.82
<br />645.00
<br />1.82
<br />100.28%
<br />1,000.00
<br />Staff Ins./Retirement
<br />6,024.09
<br />7,290.00
<br />(1,265.91)
<br />82.63%
<br />8,750.00
<br />Meetings & Hosting
<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 />IntownAuto/Exp Allowance
<br />1,900.00
<br />2,500.00
<br />(600.00)
<br />76.00%
<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 />5,352.16
<br />5,832.00
<br />(479.84)
<br />91.77%
<br />7,000.00
<br />Payroll Expenses
<br />68,506.55
<br />70,439.00
<br />(1,932.45)
<br />97.26%
<br />84,525.00
<br />Payroll Tax Expense
<br />5,453.56
<br />5,540.00
<br />(86.44)
<br />98.44%
<br />6,650.00
<br />Office Expense
<br />2,384.20
<br />2,500.00
<br />(115.80)
<br />95.37%
<br />3,000.00
<br />Communications
<br />2,194.75
<br />2,918.00
<br />(723.25)
<br />75.21 %
<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 />60.21
<br />418.00
<br />(337.79)
<br />19.19%
<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 />50,967.01
<br />52,000.00
<br />(1,032.99)
<br />98.01 %
<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 />14,312.75
<br />14,200.00
<br />112.75
<br />100.79%
<br />32,000.00
<br />ASA
<br />13,345.21
<br />13,540.00
<br />(194.79)
<br />98.58%
<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 />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />TMBRA Bicycle Race Exp
<br />1,658.63
<br />1,650.00
<br />8.63
<br />100.52%
<br />6,500.00
<br />Red Bull Qualifier Exp
<br />172.66
<br />0.00
<br />172,66
<br />0.00
<br />Pump Track Event
<br />8,266.85
<br />5,000.00
<br />3,266.85
<br />165.34%
<br />5,000.00
<br />Branding Discovery
<br />9,570.13
<br />7,800.00
<br />1,770.13
<br />122.69%
<br />10,000.00
<br />Events Promotion 1 Funding
<br />36,414.83
<br />35,800.00
<br />614.83
<br />101.72%
<br />46,000.00
<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 />10, 00().00
<br />10,000.00
<br />0.00
<br />100.00%
<br />12, 000.00
<br />Total Operating Expenses
<br />596,890.23
<br />569,886.00
<br />271004.23_
<br />104.74%
<br />770,375.00
<br />Operating Income (Loss)
<br />(6,382.45)
<br />_____(37177.66
<br />30,795.21
<br />17.17%
<br />60%125.00)
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.25
<br />832.00
<br />(831.75)
<br />0.03%
<br />1,000.00
<br />Trolley/ Historical
<br />4,000.00
<br />2,500.00
<br />1,500.00
<br />160.00%
<br />5,000.00
<br />Tour de Paris Income
<br />50,388.09
<br />50,000.00
<br />388.09
<br />100.78%
<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 />12,415.30
<br />5,000.00
<br />7,415.30
<br />248.31 %
<br />5,000.00
<br />Souvenir Sales
<br />4,543.25
<br />4,695.00
<br />(151.75)
<br />96.77%
<br />6,000.00
<br />Interest Income
<br />2 356.77
<br />208.34
<br />2148.43
<br />31.21%
<br />250.00
<br />Total Not -Hot Income
<br />79,093.66
<br />67„235.34
<br />11,858.32
<br />117.64%
<br />76250.0o
<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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