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Love Civic Center
<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 />Motel Tax
<br />$ 119,626.95
<br />$ 92,375.00
<br />$ 27,251.95
<br />129.50%
<br />$ 369,500.00
<br />R.V. Hook Up
<br />1,954.09
<br />1,950,00
<br />4.09
<br />100.21 %
<br />5,000.00
<br />Misc Income
<br />100.00
<br />100.00
<br />0.00
<br />100.00%
<br />11000.00
<br />Rent
<br />48,143.71
<br />43,100.00
<br />5,043.71
<br />111.70%
<br />85000.00
<br />Refunded Deposits
<br />(2,600.00)
<br />(2,000.00)
<br />(600.00)
<br />130.00%
<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 />0.00
<br />0.00
<br />0.00%
<br />11,900.00
<br />Branding/Marketing
<br />0.00
<br />0.00
<br />000„
<br />0.00*0io
<br />14,000.00
<br />Total Revenue
<br />_167t224.75
<br />135,525,00
<br />75
<br />123.39%
<br />466,400.00
<br />Gross Profit
<br />167 224.76
<br />135 b25.00
<br />31,699.75
<br />123-39%
<br />466,400:00
<br />OPERATING EXPENSES
<br />Branding Discovery
<br />3,083.34
<br />3,000,00
<br />83.34
<br />102.78%
<br />10,000.00
<br />Branding/Marketing Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />14,000.00
<br />Bank Service Charge
<br />54.12
<br />164,00
<br />(109.88)
<br />13.00%
<br />500.00
<br />Communications
<br />1,490.81
<br />2,000.00
<br />(509.19)
<br />74:54 %
<br />6,000.00
<br />Office Expense
<br />395.00
<br />400.00
<br />(5.00)
<br />98.75%
<br />5,000.00
<br />Payroll Expenses'
<br />42,967.94
<br />42,228,00
<br />739.94
<br />101.75%
<br />126,687.00
<br />Payroll Tax Expense
<br />3,312.61
<br />3,336.00
<br />(23.39)
<br />99.30%
<br />10,015.00
<br />Marketing/Advertising
<br />1,090.99
<br />1,100.00
<br />(9.01)
<br />99.18%
<br />10,000.00
<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 />Electricity
<br />15,559.51
<br />15,900.00
<br />(340.49)
<br />97.86%
<br />40,060.60
<br />Water
<br />4,036.58
<br />1,664.00
<br />2,372.58
<br />242.58%
<br />51000.00
<br />Gas
<br />3,624.84
<br />3,70'0.00
<br />(75.16)
<br />07.97%
<br />6,000.00
<br />Trash Disposal
<br />1,022.58
<br />1,664.00
<br />(641.42)
<br />61.45%
<br />5,000.00
<br />lntown Auto Exp Allowance
<br />1,000.00
<br />1,000.00
<br />0.00
<br />160.00%
<br />3,000.00
<br />Small Equipment
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,600.00
<br />903 Concert Series
<br />0.00
<br />0.00
<br />0.00
<br />0100%
<br />10,000.00
<br />Chamber Management
<br />25,000.00
<br />25,000.00
<br />0.00
<br />100.00 cA
<br />25,000.00
<br />Eiffel, Tower Lighting/Maint
<br />0.00
<br />0.00
<br />0.0.0
<br />0.00 %
<br />1,000.00
<br />Building Maint./Spls/Equip
<br />19,328.63
<br />29,000.00
<br />(9,671.37)
<br />66.65%
<br />99,000.00
<br />Security
<br />464.80
<br />1,332.00
<br />(867.20)
<br />34.89,%
<br />4;000.00
<br />Staff Ins./Retirdment
<br />2,621.55
<br />2,992.00
<br />(370.45)
<br />97.62%
<br />8,980.00
<br />Building Insutance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<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 />828.92
<br />850.00
<br />(21.08)
<br />97.52%
<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 />64.18
<br />65.00
<br />(0.82)
<br />98.74%
<br />1,500.00
<br />Ground Maintenance
<br />2,605.33
<br />2,832.00
<br />(226.67)
<br />92.00%
<br />6,500.00
<br />Bicycles 8 Related Expenses
<br />787.07
<br />750.00
<br />37.07
<br />104.94%
<br />2,000.00
<br />Capital Improvements
<br />0.00
<br />0.00„__
<br />w 0.00
<br />s w 0.00 %
<br />Ww 52,118.00
<br />Total Operating Expenses
<br />135,396.95
<br />145,009.00
<br />X9,612.1)5'
<br />_93.37 %
<br />47640000
<br />Operating Income (Loss)
<br />31,827.80
<br />X84.00
<br />41,311.80
<br />(335.59%
<br />10,000.00
<br />OTHER INCOME
<br />Interest Income
<br />______I..,357*
<br />116.00
<br />______1,241..54
<br />1,170.29 %
<br />350.00
<br />Total Other Income
<br />1,357.54
<br />116.00
<br />1,241.54
<br />1,170.29%
<br />350.00
<br />Other Expenses
<br />City of Paris for Construction
<br />_ 207,114.99
<br />0.00
<br />____ 207 114.99
<br />0.00%
<br />._.._. 0.00
<br />Total Other Expenses
<br />207,114.89
<br />0.00
<br />207, 14.99
<br />0.00%
<br />0.00
<br />Net Income (Loss)
<br />173,929.65
<br />$ 368.00
<br />64,561.655
<br />866.64%
<br />.v 650.60)
<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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