|
Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 5 Months Ended February 28, 2023
<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 />Motel Tax
<br />$ 227,530.78
<br />$ 184,750.00
<br />$ 42,780.78
<br />123.16%
<br />$ 369,500.00
<br />R.V. Hook Up
<br />2,315.81
<br />2,300.00
<br />15.81
<br />100.69%
<br />5,000.00
<br />Misc Income
<br />100.00
<br />100.00
<br />0.00
<br />100.00%
<br />1,000.00
<br />Rent
<br />57,483.41
<br />52,600.00
<br />4,883.41
<br />109.28%
<br />85,000.00
<br />Refunded Deposits
<br />(3,800.00)
<br />(3,000.00)
<br />(800.00)
<br />126.67%
<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 />�1„500.00
<br />Branding/Marketing
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />14 000 00
<br />Total Revenue
<br />283 630.00
<br />236t750.00
<br />46,680.00
<br />119.80%
<br />466,400.00
<br />Gross Profit
<br />283,630.00
<br />236,750.00
<br />46 680.00
<br />119.80 %
<br />466400.00
<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 />14,000.00
<br />14,000.00
<br />0.00
<br />100.00 %
<br />14,000.00
<br />Bank Service Charge
<br />79.58
<br />206.00
<br />(126.42)
<br />38.63%
<br />500.00
<br />Communications
<br />2,064.26
<br />2,500.00
<br />(435.74)
<br />82.57%
<br />61000.00
<br />Office Expense
<br />653.24
<br />650.00
<br />3.24
<br />100.50%
<br />5,000.00
<br />Payroll Expenses
<br />50,833.94
<br />52,785.00
<br />(1,951.06)
<br />96.30%
<br />126,687.00
<br />Payroll Tax Expense
<br />3,920.39
<br />4,170.00
<br />(249.61)
<br />94.01 %
<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 />21358.50
<br />2,915.00
<br />(556.50)
<br />80.91 %
<br />7,000.00
<br />Electricity
<br />15,559.51
<br />15,900.00
<br />(340.49)
<br />97.86%
<br />40,000.00
<br />Water
<br />4,946.20
<br />2,081.00
<br />2,855.20
<br />237.68%
<br />5,000.00
<br />Gas
<br />4,183.18
<br />4,000.00
<br />183.18
<br />104.58%
<br />6,000.00
<br />Trash Disposal
<br />1,022.58
<br />2,081.00
<br />(1,058.42)
<br />49.14%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />1,250.00
<br />1,250.00
<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 />903 Concert Series
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />10,000.00
<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 />1,000.00
<br />Building Maint./Spls/Equip
<br />37,414.56
<br />47,000.00
<br />(9,585.44)
<br />79.61 %
<br />99,000.00
<br />Security
<br />523.75
<br />1,665.00
<br />(1,141.25)
<br />31.46%
<br />4,000.00
<br />Staff Ins./Retirement
<br />3,164.95
<br />3,740.00
<br />(575.05)
<br />84.62%
<br />8,980.00
<br />Building Insurance
<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 />1,559.66
<br />2,000.00
<br />(440.34)
<br />77.98%
<br />2,000.00
<br />Misc Expenses
<br />87.67
<br />90.00
<br />(2.33)
<br />97.41 %
<br />1,500.00
<br />Ground Maintenance
<br />3,223.66
<br />3,540.00
<br />(316.34)
<br />91.06%
<br />8,500.00
<br />Bicycles & 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 />wwvvv_ 0 00
<br />0.00 °%
<br />52,118.00
<br />Total, Operating Expenses
<br />181,335.60
<br />194,973.00
<br />X13,637.40)
<br />93.07 °%
<br />476,400.00
<br />Operating Income (Loss)
<br />mm. 102 294.40
<br />411777.00
<br />60x517.40
<br />244.86%
<br />m10,000.00)
<br />OTHER INCOME
<br />Interest Income
<br />1,582.31
<br />145.00
<br />1,437.31
<br />1,091.25 %
<br />350.00„
<br />Total Other Income
<br />1,582.31
<br />145.00
<br />1,437.31,
<br />1,091.26%
<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, 4.99
<br />0.00
<br />207, 4.99
<br />°
<br />0.00 %
<br />0.00
<br />Net Income (Loss)
<br />103,23 8.28
<br />41 922.00
<br />145160.28)
<br />-246.26
<br />%
<br />$ 9,fi50.0�0
<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
<br />financial statements prepared in accordance with the modified cash basis of
<br />accounting ane omitted and no assurance is provided
<br />
|