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Love Civic Center
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the 1 Month Ended February 28, 2023 and 2022 and 5 Months Ended February 28, 2022
<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 />1 Month Ended
<br />1 Month Ended
<br />1 Month Ended
<br />5 Months Ended
<br />Feb 28, 2023
<br />Feb 26, 2023
<br />Feb 28, 2022
<br />Feb 28, 2022
<br />Actual
<br />Budget
<br />Actual
<br />Acutai
<br />Revenue
<br />Motel Tax
<br />$ 107,903.83
<br />$ 92,375.00
<br />$ 96,972,63
<br />$ 203,324.53
<br />R.V. Hook Up
<br />361.72
<br />350.00
<br />101.02
<br />1,618.06
<br />Rent
<br />9,339.70
<br />9,500.00
<br />8,947.92
<br />42,679.09
<br />Refunded Deposits
<br />(1,400.00)
<br />(1,000.00)
<br />(1,400.00)
<br />(6,400.00)
<br />Tower Lighting
<br />0.00
<br />0.00
<br />0.00
<br />100.00
<br />Bicycle Rentals
<br />0.00__.............,
<br />0,.00 m
<br />0.00
<br />794.84
<br />Tota{ Revenue
<br />116.205.25
<br />101,225.00
<br />1041621.5
<br />242,116.52
<br />Operating Expenses
<br />Branding/Marketing Exp
<br />14,000.00
<br />14,000.00
<br />0.00
<br />0.00
<br />Bank Service Charge
<br />25.46
<br />42.00
<br />3.74
<br />37.32
<br />Communications
<br />573.45
<br />500.00
<br />442.58
<br />2,548.41
<br />Office Expense
<br />258.24
<br />250.00
<br />9.99
<br />738.07
<br />Payroll Expenses
<br />7,866.00
<br />10,557.00
<br />31778.87
<br />36,660.60
<br />Payroll Tax -Expense
<br />607.78
<br />834.00
<br />263.77
<br />2,787.03
<br />Bookkeeping
<br />0.00
<br />583.00
<br />867.50
<br />2,945.59
<br />Electricity
<br />0.00
<br />0.00
<br />2,316.10
<br />10,961.50
<br />Water
<br />909.62
<br />417.00
<br />210.14
<br />2,667.92
<br />Gas
<br />558.34
<br />300.00
<br />1,381.88
<br />3,074.05
<br />Trash Disposal
<br />0.00
<br />417.00
<br />256.04
<br />1,836.24
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />0.00
<br />600.00
<br />Small Equipment
<br />0.00
<br />0.00
<br />0.00
<br />35.00
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />25,000.00
<br />Building Maint./Spls/Equip
<br />18,085.93
<br />18,000.00
<br />5,220.45
<br />19,187.77
<br />Security
<br />58.95
<br />333.00
<br />56.95
<br />579.75
<br />Staff Ins./Retirement
<br />543.40
<br />748.00
<br />749.65
<br />3,267.75
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />3,419.50
<br />Workers Comp. Insurance
<br />0.00
<br />0.00
<br />0.00
<br />646.81
<br />Directors & Officers
<br />1,559.66
<br />2,000.00
<br />0.00
<br />1,559.67
<br />Mise Expenses
<br />23.49
<br />25.00
<br />141.52
<br />739.36
<br />Ground Maintenance
<br />618.33
<br />708.00
<br />618.33
<br />5,199.57
<br />Bicycles 8 Related Expenses
<br />0.00
<br />0.00
<br />0.00
<br />52.72
<br />Total Operating Expenses
<br />45,938.65
<br />49,964.00
<br />16,319.51
<br />124,544.63
<br />Operating Income (Loss)
<br />70266.60
<br />51,261.00
<br />88,302.06
<br />117,571.89
<br />Other Income
<br />Interest Income
<br />224.77
<br />29.0019.04
<br />256.67
<br />Total Other Income
<br />224.77
<br />29.00
<br />19.04
<br />256.67
<br />Other Expenses
<br />Total Other Expenses
<br />0.00
<br />0.00
<br />0.00
<br />0.00
<br />Net Income (Loss)
<br />$ 70,491.37
<br />$ 51,290.00
<br />88,321.10
<br />117m828.5 6
<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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