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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 8 Months Ended May 31, 2023
<br />8 Months Ended 8 Months Ended
<br />May 31, 2023 May 31, 2023 Variance % of Budget Annual Budget
<br />Actual Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax $ 667,325.00 $ 554,250.00 $ 113,075.00 120.40% S 739,000.00
<br />Hot Money interest
<br />40,00 _ 2,647.64 6719 10 % 60.00
<br />Total Revenue
<br />a57D,012.54
<br />554,290.00
<br />- 816,722.84
<br />120.88%
<br />739,060.00
<br />Operating Expenses
<br />Postage
<br />96.17
<br />105.00
<br />(8.83)
<br />91.59%
<br />1,000.00
<br />Misc Expenses
<br />133.56
<br />140.00
<br />(6.44)
<br />95.40%
<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 & 0 Insurance
<br />1,559.67
<br />1,700.00
<br />(140.33)
<br />91.75%
<br />1,700.00
<br />Worker's Comp
<br />599.85
<br />600.00
<br />(0.15)
<br />99.98%
<br />1,000.00
<br />Staff InsJRetirement
<br />4,592.55
<br />5,949.00
<br />(1,356.45)
<br />77.20%
<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 />37,500.00
<br />37,500.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Out of Town Travel
<br />2,173.98
<br />1,500.00
<br />673.98
<br />144.93%
<br />1,500.00
<br />Intown Auto/Exp Allowance
<br />1,600.00
<br />2,000.00
<br />(400.00)
<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 />4,652.58
<br />4,664.00
<br />(11.42)
<br />99.76%
<br />7,000.00
<br />Payroll Expenses
<br />57,217.03
<br />57,475.00
<br />(257.97)
<br />99.55%
<br />86,215.00
<br />Payroll Tax Expense
<br />4,419.99
<br />4,521.00
<br />(101.01)
<br />97.77%
<br />6,785.00
<br />Office Expense
<br />2,103.43
<br />2,100.00
<br />3.43
<br />100.16%
<br />3,000.60
<br />Communications
<br />2,484.10
<br />2,332.00
<br />152.10
<br />106.52%
<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 />72.14
<br />332.00
<br />(259.86)
<br />21.73%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />333,662.51
<br />277,125.00
<br />56,537.51
<br />120.4o%
<br />369,500.00
<br />Marketing / Advertising
<br />29,630.85
<br />29,700.00
<br />(69.15)
<br />99.77%
<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 />1,123.17
<br />1,125.00
<br />(1.83)
<br />99.84%
<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 />3,271.00
<br />3,200.00
<br />71.00
<br />102.22%
<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 />14,315.75
<br />10,000.00
<br />4,315.75
<br />143.16%
<br />10,000.00
<br />Red Bull Qualifier Exp
<br />2,428.64
<br />0.00
<br />2,428.64
<br />0.00%
<br />0.00
<br />Pump Track Event
<br />1,889.63
<br />2,000.00
<br />(110.37)
<br />94.48%
<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 />Jettribe Expense
<br />143.00
<br />150.00
<br />(7.00)
<br />95.33%
<br />10,000.00
<br />Events Promotion / Funding
<br />42,697.50
<br />42,900.00
<br />(202.50)
<br />99.53%
<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 />8,600.00.W..8000.004_„m
<br />000
<br />100.00°%12x000.00
<br />Total Operating Expenses
<br />673,889.73
<br />fi
<br />61496.73
<br />112.00%
<br />808,325.00
<br />Operating Income (Loss)
<br />96,122.91
<br />41,897.00
<br />54,225.91
<br />_ 229.43%
<br />_ (67,265.001
<br />NOT -HOT INCOME
<br />Misc Income
<br />0.00
<br />250.00
<br />(250.00)
<br />0.00%
<br />500.00
<br />Trolley / Historical
<br />8,000.00
<br />3,200.00
<br />4,800.00
<br />250.00%
<br />4,000.00
<br />Tour de Paris Income
<br />28,470.00
<br />28,500.00
<br />(30.00)
<br />99.89%
<br />50,000.00
<br />ASA Indoor Archery Event
<br />1,250.00
<br />0.00
<br />1,250.00
<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 Tract Event Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />Jettribe
<br />200.00
<br />200.00
<br />0.00
<br />100.00%
<br />10,000.00
<br />Prospective Event Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />40,000.00
<br />Souvenir Sales
<br />2,220.05
<br />2,185.00
<br />35.05
<br />101.60%
<br />4,500.00
<br />Financial statement preparation service
<br />provided by Malnory, McNeal & Company PC, CPAs in accordance
<br />with professional standards issued
<br />by the AICPA, substantially all disclosures ordinarily included in financial statements prepared In accordance with the modified
<br />cash basis of
<br />accounting are omitted and no assurance is provided
<br />
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