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Paris Visitor & Convention Council
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For 1 Month Ended August 31, 2022 and 2021 and 11 Months Ended August 31, 2021
<br />NOT -HOT EXPENSES
<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 />11 Months Ended
<br />Aug 31, 2022
<br />Aug 31, 2022
<br />Aug 31, 2021
<br />Aug 31, 2021
<br />Actual
<br />Budget
<br />Actual
<br />Actual
<br />REVENUE
<br />Hotel / Motel Occupancy Tax
<br />$ 236,461.79
<br />$ 177,500.00
<br />$ 246,305.75
<br />$ 881,522.84
<br />Hot Money Interest
<br />05
<br />w x _20.83
<br />8.84
<br />__L160-79
<br />Total Revenue
<br />236,469.84
<br />177,520.83
<br />246,314.59
<br />882,683.63
<br />OPERATING EXPENSES
<br />Postage
<br />3.82
<br />5.00
<br />66.83
<br />251.71
<br />Mise Expenses
<br />0.00
<br />0.00
<br />0.00
<br />1,211.49
<br />General Liability
<br />0.00
<br />0.00
<br />317.78
<br />914.14
<br />D & O Insurance
<br />0.00
<br />0.00
<br />0.00
<br />1,559.68
<br />Worker's Comp
<br />0.00
<br />0.00
<br />0.00
<br />621.30
<br />Staff Ins./Retirement
<br />671.92
<br />730.00
<br />664.71
<br />8,549.40
<br />Meetings & Hosting
<br />0.00
<br />0.00
<br />0.00
<br />74.74
<br />Chamber Management
<br />12,500.00
<br />12,500.00
<br />10,000.00
<br />40,000.00
<br />Out of Town Travel
<br />0.00
<br />0.00
<br />0.00
<br />1,428.63
<br />Intown Auto/Exp Allowance
<br />200.00
<br />250.00
<br />200.00
<br />2,200.00
<br />Membership Dues/Sub.
<br />145.00
<br />200.00
<br />3,778.50
<br />4,103.50
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />2,333.33
<br />Bookkeeping
<br />474.33
<br />584.00
<br />534.83
<br />5,233.16
<br />Payroll Expenses
<br />6,994.34
<br />7,043.00
<br />6,659.88
<br />74,826.14
<br />ABBS Wage Reimburement
<br />0.00
<br />0.00
<br />0.00
<br />(1,752.35)
<br />Payroll Tax Expense
<br />529.91
<br />555.00
<br />504.33
<br />5,861.24
<br />Office Expense
<br />0.00
<br />250.00
<br />0.00
<br />2,210.54
<br />Communications
<br />0.00
<br />291.00
<br />53.09
<br />2,460.52
<br />Historical Museum
<br />0.00
<br />0.00
<br />0.00
<br />3,500.00
<br />Bank Service Charge
<br />387.74
<br />41.00
<br />408.04
<br />894.15
<br />Motel Tax Transferred to LCC
<br />118,230.89
<br />88,750.00
<br />123,152.86
<br />440,761.42
<br />Marketing / Advertising
<br />7,547.75
<br />8,000.00
<br />16,261.81
<br />66,269.25
<br />Tour de Paris Exp
<br />15,577.40
<br />16,000.00
<br />6,350.30
<br />30,773.86
<br />ASA
<br />0.00
<br />0.00
<br />0.00
<br />30,987.75
<br />ASA Indoor Archery Event Exp
<br />0.00
<br />0.00
<br />0.00
<br />318.00
<br />SDBA Boat Races
<br />0.00
<br />0.00
<br />0.00
<br />7,000.00
<br />TMBRA Bicycle Race Exp
<br />1,500.00
<br />1,500.00
<br />3,357.03
<br />9,678.78
<br />Red Bull Qualifier Exp
<br />0.00
<br />0.00
<br />(658.74)
<br />23,684.73
<br />Pump Track Event
<br />1,023.04
<br />0.00
<br />523.90
<br />799.31
<br />Branding Discovery
<br />1,583.34
<br />1,500.00
<br />0.00
<br />0.00
<br />Events Promotion / Funding
<br />5,325.00
<br />5,300.00
<br />7,011.50
<br />26,531.00
<br />Arts Allocation
<br />0.00
<br />0.00
<br />0.00
<br />7,000.00
<br />Baseball Field Lighting
<br />0.00
<br />0.00
<br />0.00
<br />11,855.86
<br />Rent to COC
<br />1,000.00
<br />----!'000.0q
<br />_
<br />Total Operating Expenses
<br />173,694.48
<br />144 499.00
<br />180,186.67
<br />823,141.28
<br />Operating Income (Loss)
<br />62,775.36
<br />33,021.83
<br />66,127.92
<br />89,642.35
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.00
<br />84.00
<br />0.00
<br />10.69
<br />Trolley / Historical
<br />500.00
<br />500.00
<br />0.00
<br />2,450.00
<br />Tour de Paris Income
<br />80.00
<br />0.00
<br />3,185.11
<br />67,893.19
<br />TMBRA Bicycle Race
<br />1,450.00
<br />1,500.00
<br />600.00
<br />1,100.00
<br />Red Bull Qualifier
<br />0.00
<br />0.00
<br />300.00
<br />30,122.00
<br />Pump Track Event Income
<br />509.00
<br />0.00
<br />0.00
<br />165.00
<br />Souvenir Sales
<br />348.36
<br />250.00
<br />228.34
<br />2,436.46
<br />Interest Income
<br />102.12
<br />20.83
<br />18.49
<br />153.35
<br />Total Other Income
<br />2„989.48
<br />2 354.83
<br />4,331.94
<br />104 330.69
<br />NOT -HOT EXPENSES
<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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