|
Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 8 Months Ended May 31, 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 />6 Months Ended
<br />8 Months Ended
<br />May 31, 2023
<br />May 31, 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 />333,662.51
<br />277,125.00
<br />56,537.51
<br />120.40%
<br />369,500.00
<br />R.V. Hook Up
<br />6,556.23
<br />5,000.00
<br />1,556.23
<br />131.12%
<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 />88,530.99
<br />73,100.00
<br />15,430.99
<br />121.11 %
<br />85,000.00
<br />Refunded Deposits
<br />(11,256.00)
<br />(6,000.00)
<br />(5,256.00)
<br />187,60%
<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 />p 0.00
<br />0.00%
<br />1,500.00
<br />Branding/Marketing
<br />000
<br />000
<br />0.00,
<br />0.00%
<br />14,000.00
<br />Total Revenue
<br />417,943.73
<br />°..
<br />68 _,..
<br />119.64%
<br />466,400.00
<br />Gross Profit
<br />417,943.73
<br />349325.00
<br />6873
<br />119.64%
<br />466,400.00
<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 />0.00
<br />0.00
<br />0.00
<br />14,000.00
<br />Bank Service Charge
<br />365.05
<br />332.00
<br />33.05
<br />109.95%
<br />500.00
<br />Communications
<br />3,386.83
<br />4,000.00
<br />(613.17)
<br />84.67%
<br />6,000.00
<br />Office Expense
<br />1,063.29
<br />1,100.00
<br />(36.71)
<br />96.66%
<br />5,000.00
<br />Payroll Expenses
<br />77,730.73
<br />84,456.00
<br />(6,725.27)
<br />92.04%
<br />126,687.00
<br />Payroll Tax Expense
<br />5,970.07
<br />6,675.00
<br />(704.93)
<br />89.44%
<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 />4,652.59
<br />4,664.00
<br />(11.41)
<br />99.76%
<br />7,000.00
<br />Electricity
<br />25,731.66
<br />26,000.00
<br />(268.34)
<br />98.97%
<br />40,000.00
<br />Water
<br />6,655.50
<br />3,332.00
<br />31323.50
<br />199.74%
<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 />2,386.02
<br />3,332.00
<br />'(945.98)
<br />71.61 %
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />2,000.00
<br />2,000.00
<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 Ughting/Maint
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,000.00
<br />Building Maint./Spls/Equip
<br />46,649.18
<br />49,000.00
<br />(2,350.82)
<br />95.20%
<br />99,000.00
<br />Security
<br />4,357.20
<br />2,664.00
<br />1,693.20
<br />163.56%
<br />4,000.00
<br />Staff lnsJRetirement
<br />5,134.35
<br />5,984.00
<br />(849.65)
<br />85.80%
<br />8,980.00
<br />Building Insurance
<br />11,517.16
<br />5,000.00
<br />6,517.16
<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 />339.36
<br />360.00
<br />(20.64)
<br />94.27%
<br />1,500.00
<br />Ground Maintenance
<br />5,645.21
<br />5,664.00
<br />(18.79)
<br />99.67%
<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 />0.00
<br />0.00%
<br />52,118800
<br />Total Operating Expenses
<br />244,622.83
<br />246,013 00°
<br />1 3(„ 90.17)
<br />99A3 %
<br />478,400.00
<br />Operating Income (Loss)
<br />......� 775,820.90.
<br />...........1.03.....2,00 .
<br />70,008.90
<br />�.....�..�..._
<br />187.76%
<br />_.....�
<br />10, 000.00
<br />.m._... ................)
<br />OTHER INCOME
<br />Interest Income
<br />2,591.80
<br />_ _ 232.00
<br />0,
<br />1117.16 %
<br />350.00
<br />Total Other Income
<br />_____&591.80
<br />232.00
<br />2,359.80
<br />1117.16 %
<br />_p 350.00
<br />Other Expenses
<br />City of Paris for Construction
<br />234 770.47
<br />0 00
<br />p 234,770.47
<br />0.00%
<br />0.00
<br />Total Other Expenses
<br />234,770.47
<br />_ 0.00
<br />234770.47
<br />0.00%
<br />0.00
<br />Net Income (Loss)
<br />.
<br />!---AR'-85-7-7J7,401.77
<br />$ 103 544,00
<br />162
<br />56.84 %
<br />$9, 650.0
<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 financial statements prepared in accordance with the modified cash basis of
<br />accounting are omitted and no assurance is provided
<br />
|