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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 11 Months Ended August 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 />11 Months Ended 11 Months Ended
<br />Aug 31, 2022
<br />Aug 31, 2022
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 825,066.83
<br />$ 710,000.00
<br />$ 115,066.83
<br />116.21 %
<br />$ 710,000.00
<br />Hot Money Interest
<br />1,91.0.79
<br />229.17
<br />____1,681.62
<br />833.79%
<br />250.00
<br />Total Revenue
<br />__g26,177.62
<br />710,229.17
<br />116,746.45
<br />116.44%
<br />710,250.00
<br />Operating Expenses
<br />Postage
<br />334,64
<br />344.00
<br />(9.36)
<br />97.28%
<br />1,000.00
<br />Misc Expenses
<br />484,75
<br />575.00
<br />(90.25)
<br />84.30%
<br />11500.00
<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 />6,696.01
<br />8,020.00
<br />(1,323.99)
<br />83.49%
<br />8,.750.00
<br />Meetings & Hosting
<br />0.00
<br />0.00
<br />0.00
<br />200.00
<br />Chamber Management
<br />50,000.00
<br />50,000.01)
<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 />2,100.00
<br />2,750.00
<br />(650.00)
<br />76.36%
<br />3,000.00
<br />Membership Dues/Sub.
<br />1,245.00
<br />1,050.00
<br />195.00
<br />118.57%
<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 />5,826;49
<br />6,416.00
<br />(589.51)
<br />90.81 %
<br />7,000.00
<br />Payroll Expenses
<br />75,500.89
<br />77,482.00
<br />(1,981.11)
<br />97.44%
<br />84,525.00
<br />Payroll Tax Expense
<br />5,983.47
<br />6,095.00
<br />(111.53)
<br />98.17%
<br />6,650.00
<br />Office Expense
<br />2,384.20
<br />2,750.00
<br />(365.80)
<br />86.70%
<br />3,000.00
<br />Communications
<br />2,794.75
<br />3,209.00
<br />(1,014.25)
<br />68.39%
<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 />467.95
<br />459.00
<br />8.95
<br />101.96%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />412,533.42
<br />355,000.00
<br />57,533.42
<br />116.21 %
<br />355,000.00
<br />Marketing /Advertising
<br />58,589.76
<br />60,000.00
<br />(1,410.24)
<br />97.65%
<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 />29,890.15
<br />30,200.00
<br />(309.85)
<br />98.97%
<br />32,000.00
<br />ASA
<br />13,345.21
<br />13,540.00
<br />(194.79)
<br />98.56%
<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 />3,158.63
<br />3,150.00
<br />8.63
<br />100.27%
<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 />9,289.89
<br />5,000.00
<br />4,289.89
<br />185.80%
<br />5,000.00
<br />Branding Discovery
<br />11,153.47
<br />9,300.00
<br />1,853.47
<br />119.93%
<br />10,000.00
<br />Events Promotion / Funding
<br />40,966.83
<br />41,100.00
<br />(133.17)
<br />99.68%
<br />46,000.00
<br />Arts Allocation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />71000.00
<br />Rent to COC
<br />17„00000
<br />11000.00
<br />0.00
<br />100.00,%j
<br />2,000.00
<br />Total Operating Expenses
<br />769,811.71
<br />714,385.00
<br />55 4 26.71
<br />107.76%
<br />770 375.00
<br />(Loss)___17_,165-91�
<br />Operating Income Loss
<br />4,155.83
<br />61,321.74
<br />375.561°/a
<br />(60,125.00}
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.25
<br />916.00
<br />(915.75)
<br />0.03%
<br />1,000.00
<br />Trolley / Historical
<br />4,500.00
<br />3,000.00
<br />1,500.00
<br />150.00%
<br />5,000.00
<br />Tour de Paris Income
<br />50,468.09
<br />50,000.00
<br />468.09
<br />100.94 %
<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 />3,450.00
<br />3,500.00
<br />(50.00)
<br />98.57%
<br />7,000.00
<br />Pump Track Event Income
<br />12,924.30
<br />5,000.00
<br />7,924.30
<br />258.49%
<br />5,000.00
<br />Souvenir Sales
<br />4,891.61
<br />4,945.00
<br />(53.39)
<br />98.92%
<br />6,000.00
<br />Interest Income
<br />2,458.89
<br />229.17
<br />2,229.72
<br />1,0.72.95 %
<br />250.00
<br />Total Not -Hot Income
<br />82„083.14
<br />69,590.17
<br />12,492.97
<br />117.95%
<br />76,250.00
<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
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