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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For tYe 2
<br />Financial statement preparation service provided by Matnory, 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 />2 Months Ended
<br />2 Months Ended
<br />Nov 30, 2022
<br />Nov 30, 2022
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 119,626.95
<br />$ 92,375.00
<br />$ 27,251.95
<br />129.50% $
<br />355,000.00
<br />R.V. Hook Up
<br />1,352.34
<br />1, .00
<br />52.34
<br />104.03%
<br />7,500.00
<br />Misc Income
<br />100.00
<br />100.00
<br />0.00
<br />100.0011/0
<br />1,000.00
<br />Rent
<br />36,171.41
<br />31,000°00
<br />5,171.41
<br />116.68%
<br />85,000.00
<br />Refunded Deposits
<br />(600.00)
<br />(600.00)
<br />0.00
<br />100.00%
<br />(10,000.00)
<br />Tower Lighting
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />400.00
<br />Bicycle Rentals
<br />0.00
<br />0=
<br />0.00
<br />0.60% -----?.5-0-0-00
<br />Total -Revenue
<br />IL6,650.70
<br />124,176.00
<br />32,475.70
<br />126.15%
<br />"IA00-00
<br />Gross Profit
<br />156,650.70
<br />124,175.00
<br />32,475.70
<br />126.15%
<br />A±1,400.00
<br />OPERATING EXPENSES
<br />Branding Discovery
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />10.000.00
<br />Bank Service Charge
<br />24.26
<br />82.00
<br />(57.74)
<br />29.59%
<br />600.00
<br />Communications
<br />626.19
<br />1,000.00
<br />(373.81)
<br />62.62%
<br />6,000.00
<br />Office Expense
<br />395.00
<br />400.60
<br />(6.00)
<br />96,75 %
<br />1,500.00
<br />Payroll Expenses
<br />21,942.38
<br />21,114.00
<br />82838
<br />103.92%
<br />103,000.00
<br />Payroll Tax Expense
<br />1,676.99
<br />1,666,00
<br />8.99
<br />100.54®
<br />6,300.00
<br />Marketing / Advertising
<br />1,000.00
<br />1,666.00
<br />(666.00)
<br />60.02%
<br />5,000.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,000.00
<br />Bookkeeping
<br />1,147.00
<br />1,166.00
<br />(19.00)
<br />98.37%
<br />7,000.00
<br />Electricity
<br />6,995.84
<br />6,900.00
<br />95.84
<br />101.39%
<br />40,000.00
<br />Water
<br />2,331.32
<br />832.00
<br />1,499.32
<br />260,21900
<br />5,000.00
<br />Gas
<br />199.96
<br />200.00
<br />(0.04)
<br />0x00 %
<br />5,000.'00
<br />Trash Disposal
<br />340.86
<br />832.00
<br />(491.14)
<br />40.97%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />600.00
<br />500.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Small Equipment
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,000.00
<br />Chamber Management
<br />25,000.00
<br />25,000.00
<br />0.00
<br />100.00 %
<br />25,000.00
<br />Eiffel Tower Lighting/Maint
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Building Maint./Spis/Equip
<br />11,010.98
<br />20,500.00
<br />(9,489.02)
<br />53.71 %
<br />99,000.00
<br />Security
<br />346.90
<br />666.00
<br />(319.10)
<br />52.09%
<br />2,750.00
<br />Staff Ins./Retirement
<br />1,248.51
<br />1,496.00
<br />(247.49)
<br />83.46%
<br />6,800.00
<br />Building Insurance
<br />0=
<br />0.00
<br />0.00
<br />0.00%
<br />5,0=00
<br />General Liability
<br />3,699.65
<br />3.700.00
<br />(0.35)
<br />99.99%
<br />3,700.00
<br />Workers Comp. Insurance
<br />53.64
<br />50.00
<br />3.64
<br />107.28%
<br />1,400.00
<br />Directors & Officers
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Misc Expenses
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,500.00
<br />Ground Maintenance
<br />1,987.00
<br />1,416.00
<br />571.00
<br />140.32%
<br />8,500.00
<br />Bicycles & Related Expenses
<br />787.07
<br />750.00
<br />37.07
<br />104.94%
<br />1,500.00
<br />Capital Improvements
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />76,950.00
<br />Total Operating Expenses
<br />81.313.56
<br />89,938.00
<br />______L8,624.4S
<br />90.41 %
<br />441400.00
<br />Operating Income (Loss)
<br />. . ............ 7.5337.15
<br />U.237.00
<br />41,100.15
<br />220.05%
<br />0.00
<br />OTHER INCOME
<br />Interest Income
<br />493.76
<br />68.00435.78
<br />851.34%
<br />350.00
<br />Total Other Income
<br />493.78
<br />58.00
<br />435.78
<br />851.34%
<br />350.00
<br />Net Income (Loss)
<br />$ 7%830.93
<br />$ 34,295.00
<br />$ __jl,535.
<br />221.11% $
<br />350.00
<br />Financial statement preparation service provided by Matnory, 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 />
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