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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 7 Months Ended April 30, 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 />T Months Ended
<br />7 Months Ended
<br />Apr 30, 2023
<br />Apr 30, 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 />2,673 84
<br />35.00
<br />2,638.84
<br />_ 7,639.54%
<br />60.00
<br />Total Revenue
<br />457 735.38
<br />36%635.00
<br />88 200.38
<br />123.87%
<br />739,060.00
<br />Operating Expenses
<br />Postage
<br />67.12
<br />75.00
<br />(7.88)
<br />89.49%
<br />1,000.00
<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 />1,70D.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 />3,958.44
<br />5,205.00
<br />(1,246.56)
<br />76.05%
<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 />100.013 %
<br />50,000.00
<br />Out of Town Trevel
<br />2,161.69
<br />1,500.00
<br />661.69
<br />144.11%
<br />1,500.00
<br />Intown Auto/Exp Allowance
<br />1,400.00
<br />1,750.00
<br />(350.00)
<br />80.00%
<br />3,000.00
<br />Membership Dues/Sub.
<br />2,310.00
<br />2,225.00
<br />85.00
<br />103.82%
<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 />3,695.83
<br />4,081.00
<br />(385.17)
<br />90.56%
<br />7,000.00
<br />Payroll Expenses
<br />50,082.25
<br />50,290.00
<br />(207.75)
<br />99.59%
<br />86,215.00
<br />Payroll Tax Expense
<br />3,879.35
<br />3,955.00
<br />(75.65)
<br />98.09%
<br />6,785.00
<br />Office Expense
<br />1,485.36
<br />1,500.00
<br />(14.64)
<br />99.02%
<br />3,000.00
<br />Communications
<br />2,260.63
<br />2,040,00
<br />220.63
<br />110.82%
<br />3,500.00
<br />Histodcal'Museum
<br />3,500.00
<br />3,500.00
<br />0.00
<br />100.00%
<br />3,500.00
<br />Bank Service Charge
<br />59.68
<br />290.00
<br />(230.32)
<br />20.58%
<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 />23,558.35
<br />23,700.00
<br />(141.65)
<br />99.40%
<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 />480.95
<br />475.00
<br />5.95
<br />101.25%
<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 />1,566.24
<br />0.00
<br />1,566.24
<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 Discovery
<br />3,083.33
<br />3,000.00
<br />83.33
<br />102.78%
<br />10,000.00
<br />Events Promotion / Funding
<br />29,373,00
<br />29,900.00
<br />(527.00)
<br />98.24%
<br />55,000.00
<br />Arts Allocation
<br />71000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />Rent to COC
<br />._.._1,_000.00
<br />7 000.00
<br />��
<br />0.00
<br />IT�
<br />100 %
<br />_w .00
<br />12, OD000
<br />Total Operating Expenses
<br />416,839-17
<br />___371.L166.00
<br />45,673.17
<br />112.31%
<br />796,325.00,
<br />Operating Income (loss)
<br />40,896,21
<br />______ 1 631.00
<br />4$,527.21
<br />2 507.43 °%
<br />(57,265.00
<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 />7,400.00
<br />3,000.00
<br />4,400.00
<br />246.67%
<br />4,000.00
<br />Tour de Paris Income
<br />22,515.00
<br />22,500.00
<br />15.00
<br />100.07%
<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 />17,830.00
<br />7,000.00
<br />10,830.00
<br />254.71 %
<br />7,000.00
<br />Red Bull Qualifier
<br />4,600.00
<br />0.00
<br />4,600.00
<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 />2,056,43
<br />2,035.00
<br />21.43
<br />101.05%
<br />4,500.00
<br />Interest Incomeµm
<br />996.56a
<br />mmITmmmITITmm 257,00
<br />739.55
<br />387.76%
<br />440.00
<br />Total Not -Hot Income
<br />55,647.98
<br />35,042.00
<br />20,605.96
<br />168.80%
<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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