|
Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 5 Months Ended February 28, 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 />5 Months Ended
<br />5 Months Ended
<br />Feb 28, 2023
<br />Feb 28, 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 />76.24
<br />25.00
<br />51.24
<br />304.96 %
<br />60.00„
<br />Total Revenue
<br />455,137.78
<br />369,525.00
<br />85,612.78
<br />m_ 123.17%
<br />739,060.00
<br />Operating Expenses
<br />Postage
<br />51.31
<br />55.00
<br />(3.69)
<br />93.29%
<br />1,000.00
<br />Misc Expenses
<br />72.60
<br />80.00
<br />(7.40)
<br />90.75%
<br />11000.00
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />D 8 O Insurance
<br />1,559.67
<br />1,700.00
<br />(140.33)
<br />91.75%
<br />1,700.00
<br />Workers Comp
<br />599.85
<br />600.00
<br />(0.15)
<br />99.98%
<br />1,000.00
<br />Staff Ins./Retirement
<br />2,839.19
<br />3,717.00
<br />(877.81)
<br />76.38%
<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 />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 />1,000.00
<br />1,250.00
<br />(250.00)
<br />80.00%
<br />3,000.00
<br />Membership Dues/Sub.
<br />1,175.00
<br />1,150.00
<br />25:00
<br />102.17 DA
<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 />2,915.00
<br />(556.50)
<br />80.91 %
<br />7,000.00
<br />Payroll Expenses
<br />36,225.25
<br />35,920.00
<br />305.25
<br />100.85%
<br />86,215.00
<br />Payroll Tax Expense
<br />2,666.52
<br />2,825.00
<br />41.52
<br />101.47%
<br />6,785.00
<br />Office Expense
<br />964.66
<br />1,000.00
<br />(35.34)
<br />96.47%
<br />3,000.00
<br />Communications
<br />1,501.92
<br />1,456.00
<br />45.92
<br />103.15%
<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 />44.76
<br />206.00
<br />(161.24)
<br />21.73%
<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 />17,674.85
<br />17,900.00
<br />(225.15)
<br />98.74%
<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 />16,000.00
<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 Rams
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,000.00
<br />TMBRA Bicycle Race Exp
<br />9,526.49
<br />10,000.00
<br />(473.51)
<br />95.26%
<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 />102.78%
<br />10,000.00
<br />Events Promotion / Funding.
<br />21,976.11
<br />22,300.00
<br />(323.89)
<br />98.55%
<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 />5,000.00
<br />5,000.60
<br />0.00
<br />100.00%
<br />12.00
<br />Total Operating Expenses
<br />375,307.17
<br />334,549.00
<br />112.18%
<br />796.325.00
<br />Operating Income (Loss)
<br />____79,830-61
<br />444854.61
<br />228.24%
<br />57.266.001
<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 />2,600.00
<br />4,650.00
<br />278.85%
<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 />17,015.00
<br />7,000.00
<br />10,015.00
<br />243.07%
<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 />1,739.92
<br />1,885.00
<br />(145.08)
<br />92.30%
<br />4,500.00
<br />Interest Income643.94
<br />183.00
<br />460.94
<br />351.88%
<br />440.00
<br />Total Not -Hot Income
<br />26,898.86
<br />11,916.00 _
<br />14,980.88
<br />225.70%
<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
<br />
|