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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 7 Months Ended April 30, 2023
<br />7 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 />Catering
<br />$ 250.00
<br />$ 0.00
<br />$ 250.00
<br />0.00%
<br />$ 0.00
<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 />4,502.71
<br />4,450.00
<br />52.71
<br />101.18%
<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 />77,420.99
<br />62,100.00
<br />15,320.99
<br />124.67%
<br />85,000.00
<br />Refunded Deposits
<br />(9,456.00)
<br />(5,000.00)
<br />(4,456.00)
<br />189,12 %
<br />(10,000.00)
<br />Tower Lighting
<br />100.00
<br />0.00
<br />100.00
<br />0.00%
<br />400.00
<br />Bicycle Rentals
<br />0.00
<br />0.00
<br />0000
<br />0.00%
<br />150000
<br />Branding/Marketing
<br />0.00
<br />0100
<br />0.00
<br />0.00%
<br />14,000.00
<br />Total Revenue
<br />300,448.48
<br />246,400.00
<br />54,048.48
<br />121.94 %
<br />466,400.00
<br />Gross Profit
<br />300,448.48
<br />246,400.00
<br />64 048.48
<br />121.94 %
<br />466 400.00
<br />OPERATING EXPENSES
<br />Branding,Dlscovery
<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 />14,000.00
<br />Bank Service Charge
<br />103.85
<br />290.00
<br />(186.15)
<br />35.81 %
<br />500.00
<br />Communications
<br />3,002.34
<br />3,500.00
<br />(497.66)
<br />85.78%
<br />6,000.00
<br />Office Expense
<br />789.11
<br />800.00
<br />(10.89)
<br />98.64%
<br />5,000.00
<br />Payroll Expenses
<br />69,353.79
<br />73,899.00
<br />(4,545.21)
<br />93.85%
<br />126,687.00
<br />Payroll Tax: Expense
<br />5,331.69
<br />5,840.00
<br />(508.31)
<br />91.30%
<br />10,015.00
<br />Marketing /Advertising
<br />1,090.99
<br />1,1.00.00
<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 />3,695.84
<br />4,081.00
<br />(385.16)
<br />90.56%
<br />7,000.00
<br />Electricity
<br />20,369.72
<br />20,700.00
<br />(330.28)
<br />98.40%
<br />40,000.00
<br />Water
<br />6,292.88
<br />2,915.00
<br />3,377.88
<br />215.88%
<br />5,000.00
<br />Gas
<br />4,989.00
<br />5,050.00
<br />(61.00)
<br />98.79%
<br />6,000.00
<br />Trash Disposal
<br />2,045.16
<br />2,915.00
<br />(869.84)
<br />70.16%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />1,750.00
<br />1,750.00
<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 />E&I Tower Ughting/Maint
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,000.00
<br />Building Maint./Spas/Equip
<br />44,497.76
<br />47,000.00
<br />(2,502.24)
<br />94.68%
<br />99,000.00
<br />Security
<br />1,168.45
<br />2,331,00
<br />(1,162.55)
<br />50.13%
<br />4,000.00
<br />Staff Ins./Retirement
<br />4,421.35
<br />5,236.00
<br />(814.65)
<br />84.44%
<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 8 Officers
<br />1,559.66
<br />2,000.00
<br />(440.34)
<br />17.98%
<br />2,000.00
<br />Mist; Expenses
<br />173.82
<br />160.00
<br />13.82
<br />108.64%
<br />1,500.00
<br />Ground Maintenance
<br />5,025.21
<br />4,956,00
<br />69.21
<br />101.40%
<br />8,500.00
<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 />m......__..., 0.00
<br />0.00%
<br />52„118.00
<br />Total Operating Expenses
<br />209 059.60
<br />217,823.00
<br />(9,763.40
<br />95.98%
<br />476,400.00
<br />Operating Income (Loss)
<br />91,368.88
<br />28,577.00
<br />62,811.85
<br />319.80%
<br />10 000.00
<br />OTHER INCOME
<br />Interest Income
<br />2,303.23,
<br />203,00
<br />„ w_ 0
<br />2 1 00.23
<br />1,134.60 %
<br />350.00
<br />Total Other Income
<br />2,303.23
<br />203.00
<br />2 100 23
<br />_�.
<br />1 ,134,60 %
<br />360.00
<br />Other Expenses
<br />City of Paris for Construction
<br />.207_114.99
<br />0.00
<br />207,114.99
<br />www 0.00%
<br />0.00
<br />Total Other Expenses
<br />207,114.99
<br />0.00
<br />207114.99
<br />0.00%
<br />0.00
<br />Net Income (Loss)
<br />Sew 119)
<br />$ 28 780 00
<br />$ 142202.88'
<br />394.10%
<br />$ _ 9,650.00
<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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