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Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards issued
<br />by the AICPA, substantially all disclosures ordinatiiy included in financial statements prepared in accordance with the modifred,cash basis of
<br />accounting are omitted and no assurance is provided
<br />Paris Visitor & Convention Council
<br />Budget
<br />to Actual; Year to Date
<br />Modified Cash Basis
<br />For the 12 Months Ended September 30, 2022
<br />12 Months Ended
<br />12 Months Ended
<br />Sep 30, 2022
<br />Sep 30, 2022
<br />Variance % 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 />917.95
<br />1„�
<br />260.00 .......
<br />1.667.95_
<br />767.18 %
<br />mmIT
<br />250.00
<br />Total Revenue
<br />826,984-18
<br />710„250.00
<br />116 734.78
<br />116.44°%
<br />710,250.00
<br />Operating Expenses
<br />Postage
<br />827.75
<br />1,000.00
<br />(172.25)
<br />82.78%
<br />1,000.00
<br />Misc Expenses
<br />580.97
<br />1,500.00
<br />(919.03)
<br />38.73%
<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 />696.85
<br />1,000.00
<br />(303.15)
<br />69.69%
<br />1;000.00
<br />Staff Ins./Retirement
<br />7,292.66
<br />8,750.00
<br />(1,457.34)
<br />83.34 %
<br />8,750.00
<br />Meetings & Hosting
<br />0.00
<br />200.00
<br />(200.00)
<br />0.00%
<br />200.00
<br />Chamber Management
<br />50,000.00
<br />50,000.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Out of Town Travel 1
<br />313.58
<br />2,000.00
<br />(1,686.42)
<br />15.69%
<br />2,000.00
<br />Intown Auto/Exp Allowance
<br />2,300.00
<br />3,000.00
<br />(700.00)
<br />76.67 %
<br />3,000.00
<br />Membership bues/Sub..
<br />1,245.00 ,
<br />5,500.00
<br />(4,255.00)
<br />22.64%
<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 />.6,377.49
<br />7,000.00
<br />(622.51)
<br />91.11 %
<br />7,000.00
<br />Payroll Expenses
<br />82,360.43
<br />84,525.00
<br />(2,164.57)
<br />97.44%
<br />84,525.00
<br />Payroll Tax Expense
<br />6,503.07
<br />6,650.00
<br />(146.93)
<br />97.79 V.
<br />6,650.00
<br />Office Expense
<br />2,384.20
<br />3,000.00
<br />(015.80)
<br />79.47%
<br />3,000.00
<br />Communications
<br />2,480.11
<br />3,500.00
<br />(1,019.89)
<br />70.85%,
<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 Chafge
<br />475.41
<br />500.00
<br />(24.59)
<br />95.08%
<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 />355,600:00
<br />Marketing/Advertising
<br />62,839.76
<br />71,000.00
<br />(8,160.24)
<br />88.51 %
<br />71,000.00
<br />Chaparral Square Dancers
<br />1,975.24
<br />2,100.00
<br />(124.76)
<br />94.06%
<br />2,100.00
<br />Tour de Paris Exp
<br />29,911:32
<br />32,000.00.
<br />(2,088.68)
<br />93.47%
<br />32,000.00
<br />ASA
<br />9,816.21
<br />26,500.00
<br />(16,683.79)
<br />37.04%
<br />26,500.00
<br />ASA Indoor Archery Event Exp
<br />1,825.45
<br />2,300.00
<br />(474.55)
<br />79.37%
<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 />8,759.77
<br />6,500.00
<br />2,259.77
<br />13407%
<br />6,500:60
<br />Red Bull Qualifier Exp
<br />172.66
<br />0.00
<br />172.66
<br />0.00%
<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 />10,000.00
<br />1,153.47
<br />111.53%
<br />10,000.00
<br />Events Promotion / Funding
<br />45,879.33
<br />46,000.00
<br />(120.67)
<br />99.74%
<br />46,000.00
<br />Arts Allocation
<br />7,06O.OD
<br />7,000.00
<br />0.01)
<br />1 DO.00 %
<br />7,000.00
<br />Rent to COC
<br />_L12,000.00
<br />12,000.00 _
<br />0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />793,488.38
<br />770,375.00
<br />23;113.38
<br />103.00 %
<br />770,375.00
<br />Opetating Income (Loss)
<br />33p496.40
<br />60145.00
<br />93 621.4055.71
<br />°%
<br />60,125.00
<br />NOT -HOT INCOME'
<br />Misc income
<br />0.25
<br />1,000.00
<br />(999.75)
<br />0.03%
<br />1,000.00
<br />Trolley / Historical
<br />4,850.00
<br />5,000.00
<br />(150.00)
<br />97.00%
<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 />13,320.65
<br />7,000.00
<br />6,320.65
<br />190.30%
<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 />6,124.77
<br />6,000.00
<br />124.77
<br />102.08°%
<br />6,000.DO
<br />Interest Income
<br />2 458.89
<br />250.00
<br />... 220.889
<br />983.56%
<br />250-00
<br />Total Not -Hot Income
<br />93,536.95
<br />76,250.00
<br />177286.95
<br />122.67%
<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 ordinatiiy included in financial statements prepared in accordance with the modifred,cash basis of
<br />accounting are omitted and no assurance is provided
<br />
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