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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 4 Months Ended January 31, 2023
<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 />4 Months'Ended
<br />4 Months Ended
<br />Jan 31, 2023
<br />Jan 31, 2023
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 239,253.89
<br />$ 184,750.00 $
<br />54,503.69
<br />129.50%
<br />$ 739,000.00
<br />Hot Money interest
<br />65.81
<br />.0
<br />_...................�
<br />°
<br />�w.... 60.00
<br />Total Revenue
<br />____239.L319.70
<br />184,770.00
<br />54 549.70
<br />129.52%
<br />739060.00
<br />Operating Expenses
<br />Postage
<br />47.15
<br />50.00
<br />(2.85)
<br />94.30%
<br />1,000.00
<br />Misc Expenses
<br />72.60
<br />80.00
<br />(7.40)
<br />90.75%
<br />1,000.00
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />D iii O Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,700.00
<br />Worker's Comp
<br />599.85
<br />600.00
<br />(0.15)
<br />99.98%
<br />1,000.00
<br />Staff InsJRetirement
<br />2,360.92
<br />2,973.00
<br />(612.08)
<br />79.41 °%
<br />8,925.00
<br />Meetings & Hosting
<br />114.06
<br />100.00
<br />14.06
<br />114.06%
<br />200.00
<br />Chamber Management
<br />12,500.00
<br />12,500.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Out of Town Travel
<br />1,351.91
<br />1,350.00
<br />1.91
<br />100.14%
<br />1,500.00
<br />Intown Auto/Exp Allowance
<br />800.00
<br />1,000.00
<br />(200.00)
<br />80.00%
<br />3,000.00
<br />Membership Dues/Sub.
<br />1,075.00
<br />1,050.00
<br />25.00
<br />102.38%
<br />4,000.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00 %
<br />3,000.00
<br />Bookkeeping
<br />2,358.50
<br />2,332.00
<br />26.50
<br />101.14%
<br />7,000.00
<br />Payroll Expenses
<br />29,503.03
<br />28,736.00
<br />767.03
<br />102.67%
<br />86,215.00
<br />Payroll Tax Expense
<br />2,300.98
<br />2,260.00
<br />40.98
<br />101.81 °%
<br />6,785.00
<br />Office Expense
<br />795.15
<br />850.00
<br />(54.85)
<br />93.55%
<br />3,000.00
<br />Communications
<br />1,150.95
<br />1,164.00
<br />(13.05)
<br />98.88%
<br />3,500.00
<br />Historical Museum
<br />3,500.00
<br />3,500.00
<br />0.00
<br />0.00%
<br />3,500.OD
<br />Bank Service Charge
<br />37.30
<br />164.00
<br />(126.70)
<br />22.74%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />119,626.95
<br />92,375.00
<br />27,251.95
<br />129.50%
<br />369,500.00
<br />Marketing/Advertising
<br />7,868.00
<br />7,900.00
<br />(32.00)
<br />99.59%
<br />73,900.00
<br />Chaparral Square Dancers
<br />(172.50)
<br />0.00
<br />(172.50)
<br />0.00%
<br />2,100.00
<br />Tour de Paris Exp
<br />175.00
<br />175.00
<br />0.00
<br />100.00%
<br />32,000.00
<br />Lamar Cc Days in Austin Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />ASA
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />18,000.00
<br />ASA Indoor Archery Event Exp
<br />940.00
<br />950.00
<br />(10.00)
<br />0.00%
<br />2,000.00
<br />SDBA Boat Races
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,000.00
<br />TMBRA Bicycle Race Exp
<br />6,780.00
<br />7,000.00
<br />(220.00)
<br />96.86%
<br />10,000.00
<br />Pump Track Event
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />Branding Discovery
<br />3,083.33
<br />3,000.00
<br />83.33
<br />0.00%
<br />10,000.00
<br />Events Promotion / Funding
<br />19,238.61
<br />19,300.00
<br />(61.39)
<br />99.68%
<br />55,000.00
<br />Arts Allocation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />Rent to COC
<br />4�
<br />0
<br />0.00
<br />100.00 %
<br />m .
<br />1
<br />Total Operating Expenses
<br />227106.79
<br />2
<br />26, 697.79
<br />173.32 °
<br />_ 796,325.00
<br />Operating Income (Loss)
<br />12,212.91,
<br />__(I6 ,639.00)
<br />27,851.91.
<br />78.09 °%
<br />(57,265.00)
<br />NOT -HOT INCOME
<br />Misc Income
<br />250.00
<br />250.00
<br />0.00
<br />0.00%
<br />500.00
<br />Trolley / Historical
<br />7,250.00
<br />2,400.00
<br />4,850.00
<br />302.08%
<br />4,000.00
<br />Tour de Paris Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />50,000.00
<br />ASA Indoor Archery Event
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,500.00
<br />TMBRA Bicycle Race
<br />8,670.00
<br />7,000.00
<br />1,670.00
<br />0,00%
<br />7,000.00
<br />Pump Track Event Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />Souvenir Sales
<br />1,635.46
<br />1,785.00
<br />(149.54)
<br />91.62%
<br />4,500.00
<br />Interest Income
<br />_ 509.83
<br />146.00
<br />363.83
<br />_ „ 349.20%
<br />440.00
<br />Total Not -Not Income
<br />18, 315.29
<br />77,587.00
<br />_158.15 °%
<br />73,940.00
<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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