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Love Civic Center
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the 1 Month Ended August 31, 2022 and 2021 and 11 Months Ended August 31, 2021
<br />1 Month Ended 1 Month Ended 1 Month Ended 11 Months Ended
<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 />Aug 31, 2022
<br />Aug 31, 2022
<br />Aug 31, 2021
<br />Aug 31, 2021
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Motel Tax
<br />$ 118,230.89
<br />$ 88,750.00
<br />$ 123,152.86
<br />$ 440,761.42
<br />R.V. Hook Up
<br />452.40
<br />400.00
<br />67.40
<br />2,310.78
<br />Misc Income
<br />0.00
<br />0.00
<br />0.00
<br />400.00
<br />Rent
<br />9,003.30
<br />5;450.00
<br />11,143.05
<br />70,926.49
<br />Refunded Deposits
<br />(400.00)
<br />(400.00)
<br />(2,800.00)
<br />(12,610.00)
<br />Tower Lighting
<br />0.00
<br />0.00
<br />0.00
<br />292.70
<br />Bicycle Rentals
<br />0.00
<br />0.00
<br />326.90
<br />3122.06
<br />Total Revenue
<br />127,286.694
<br />131,890,23
<br />505 203.45
<br />Operating Expenses
<br />Branding Discovery
<br />1,583.33
<br />11600.00
<br />0.00
<br />0.00
<br />Bank Service Charge
<br />28.08
<br />41.00
<br />9.33
<br />183.41
<br />Communications
<br />1,032.42
<br />500.00
<br />213.08
<br />5,076.32
<br />Office Expense
<br />0.00
<br />0.00
<br />0.00
<br />771.31
<br />Payroll Expenses
<br />9,892.76
<br />8,583.00
<br />7,611.56
<br />88,453.76
<br />Payroll Tax Expense
<br />763.39
<br />690.00
<br />577.46
<br />6,686.02
<br />Marketing /Advertising
<br />49.50
<br />50.00
<br />1,550.00
<br />2,672.34
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />2,333.33
<br />Bookkeeping
<br />474.34
<br />585.00
<br />534.84
<br />5,233.18
<br />Membership Dues/Sub
<br />0.00
<br />0.00
<br />0.00
<br />168.00
<br />Electricity
<br />3,383.10
<br />3,334.00
<br />3,314.62
<br />24,986.12
<br />Water
<br />709.65
<br />413.00
<br />203.53
<br />4,934.97
<br />Gas
<br />301.62
<br />0.00
<br />0.00
<br />4,496.35
<br />Trash Disposal
<br />296.41
<br />413.00
<br />512.08
<br />4,406.02
<br />Intown Auto Exp Allowance
<br />415.55
<br />250.00
<br />250.00
<br />21910.78
<br />Chamber Management
<br />0.00
<br />0.00
<br />0:00
<br />18,000.00
<br />Elffel Tower Lighting/Maint
<br />0.00
<br />0.00
<br />0.00
<br />620.75
<br />Building Maint./Spls/Equip
<br />7,231.60
<br />7,300.00
<br />1,513.70
<br />55,048.52
<br />Security
<br />58.95
<br />230.00
<br />138.95
<br />1,920.25
<br />Staff Ins./Retirement
<br />600.17
<br />733.00
<br />732.90
<br />8,314.82
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />3,485.55
<br />Workers Comp. Insurance
<br />0.00
<br />0.00
<br />0.00
<br />621.31
<br />Directors & Officers
<br />0.00
<br />0.00
<br />0.00
<br />1,559.64
<br />Misc Expenses
<br />65.93
<br />150.00
<br />188.57
<br />704.43
<br />Ground Maintenance
<br />0.00
<br />710.00
<br />682.50
<br />6,750.32
<br />Bicycles & Related Expenses
<br />0.00
<br />0.00
<br />11.64
<br />1,159.10
<br />Capital Improvements
<br />6,360.00
<br />6,500.00
<br />0.00
<br />0.00
<br />Total Operating Expenses
<br />33,266.80
<br />32,082.00
<br />18„144.80
<br />251,528.60
<br />Operating Income (Loss)
<br />94 019.79
<br />_62,918.00
<br />113,745.43
<br />253,674.85
<br />Other Income
<br />Interest Income
<br />122.0030.00
<br />17.26
<br />569.76
<br />Total Other Income
<br />122.00
<br />30.00
<br />17.26
<br />569.76
<br />Net Income (Loss)
<br />$ 94,141.7962,148
<br />00
<br />$ 113, 762 69
<br />254,244.61
<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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