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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 6 Months Ended March 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 />6 Months Ended
<br />6 Months Ended
<br />Mar 31, 2023
<br />Mar 31, 2023
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 455,061.54
<br />$ 369,500.00 $
<br />85,561.54
<br />123.16%
<br />$ 739,000.00
<br />Hot Money Interest
<br />--- 86.50
<br />30.00
<br />56.50
<br />288.33%
<br />60,00
<br />Total Revenue
<br />44
<br />369, -
<br />530.00,
<br />86,618.04
<br />123.17 %
<br />� 739,060.00
<br />Operatinsa Expenses
<br />Postage
<br />55.47
<br />60.00
<br />(4.53)
<br />92.45%
<br />1,000.013
<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 & 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 />599.85
<br />600.00
<br />(0.15)
<br />99.98%
<br />1,000.00
<br />Staff Ins./Retirement
<br />3,473.30
<br />4,461.00
<br />(987.70)
<br />77.86%
<br />8,925.00
<br />Meetings & Hosting
<br />323.67
<br />100.00
<br />223.67
<br />323.67%
<br />200.00
<br />Chamber Management
<br />25,000.00
<br />25,000.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Out of Town Travel
<br />2,161.69
<br />1,500.00
<br />661.69
<br />144.11 %
<br />1,500.00
<br />Intown Auto/Exp Allowance
<br />1,200.00
<br />1,500.00
<br />(300.00)
<br />80.00%
<br />3,000.00
<br />Membership Dues/Sub.
<br />2,035.00
<br />1,950.00
<br />85.00
<br />104.36%
<br />4,000.00
<br />Audit
<br />0.00
<br />0.00
<br />D.00
<br />0.00%
<br />3,000.01)
<br />Bookkeeping
<br />3,695.83
<br />3,498.00
<br />197.83
<br />105.66%
<br />7,000.00
<br />Payroll Expenses
<br />43,360.03
<br />43,105.00
<br />255.03
<br />100.59%
<br />86,215.00
<br />Payroll Tax Expense
<br />3,370.05
<br />31390.00
<br />(19.95)
<br />99.41 %
<br />6,785.00
<br />Office Expense
<br />1,066.87
<br />1,100.00
<br />(33.13)
<br />96.99%
<br />3,000.00
<br />Communications
<br />1,919.04
<br />1,748.00
<br />171.04
<br />109.78%
<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 Charge
<br />52.22
<br />248.00
<br />(195.78)
<br />21.06%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />227,530.78
<br />184,750.00
<br />42,780.78
<br />123.16%
<br />369,500.00
<br />Marketing /Advertising
<br />21,273.85
<br />21,400.00
<br />(126.15)
<br />99.41 %
<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 Co 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 />1,478.13
<br />1,450.00
<br />28.13
<br />101.94%
<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 />13,524.75
<br />10,000.00
<br />3,524.75
<br />135.25%
<br />10,000.00
<br />Red Bull Qualifier Exp
<br />761.24
<br />0.00
<br />761.24
<br />0.00%
<br />0.00
<br />Pump Track Event
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />Branding Dlscovery
<br />3,083.33
<br />3,000.00
<br />83.33
<br />102.78%
<br />10,000.00
<br />Events Promotion / Funding
<br />27,735.50
<br />28,300.00
<br />(564.50)
<br />98.01%
<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 />6,000.00
<br />w 6 000.00
<br />.00
<br />www 0-00
<br />100.00%
<br />100.00 0
<br />Total OPeratin9 Expenses
<br />401,835.37
<br />355x615.00
<br />, 20.37 ,
<br />113.00%
<br />6,325.00
<br />Operating Income (Loss)
<br />53,312.67
<br />13,915.00
<br />39,397.67
<br />383.13%
<br />6'7 265.00
<br />NOT -HOT INCOME
<br />Misc Income
<br />250.00
<br />250.00
<br />0.00
<br />100.00%
<br />500.00
<br />Trolley / Historical
<br />7,250.00
<br />2,800.00
<br />4,450.00
<br />258.93%
<br />4,000.00
<br />Tour de Paris Income
<br />10,665.00
<br />10,500.00
<br />165.00
<br />101.57%
<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 />17,525.00
<br />7,000.00
<br />10,525.00
<br />250.36%
<br />7,000.00
<br />Red Bull Qualifier
<br />4,000.00
<br />0.00
<br />4,000.00
<br />0.00%
<br />0.00
<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 />1,895.89
<br />2,035.00
<br />(139.11)
<br />93.16%
<br />4,500.00
<br />Interest Income
<br />817.99
<br />220.00
<br />597.99
<br />371.81 %
<br />440.00
<br />Total Not -Hot Income
<br />42,403.88
<br />X805.00 _
<br />19, 8.88
<br />185.94 %
<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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