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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 May 31, 2023 and 2022 and 8 Months Ended May 31, 2022
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards issued
<br />by the AICPA, substamially all disclosures ordinarily included in financial statements prepared in accordance with the modified cash basis of
<br />accounting ate omitted and no assurance is provided
<br />1 Month Ended
<br />1 Month Ended
<br />1 Month Ended
<br />8 Months Ended
<br />May 31, 2023
<br />May 31, 2023
<br />May 31, 2022
<br />May 31, 2022
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Motel Tax
<br />$ 106,131.73
<br />$ 92,375.00
<br />$ 90,978.00
<br />$ 294,302.53
<br />R.V. Hook Up
<br />2,053.52
<br />550.00
<br />1,026.10
<br />2,952.58
<br />Rent
<br />11,110.00
<br />11,000.00
<br />7,257.70
<br />64,190.41
<br />Refunded Deposits
<br />(1,800.00)
<br />(1,000.00)
<br />(1,400.00)
<br />(9,400.00)
<br />Tower Lighting
<br />0.00
<br />0.00
<br />0.00
<br />100.00
<br />Bicycle Rentals
<br />... 0.00
<br />�IT�µ___OAO
<br />_.- 0.00
<br />805.70
<br />Total Revenue
<br />117„495.25
<br />102,925.00
<br />97,861.80
<br />352951.22
<br />Operating Expenses
<br />Bank Service Charge
<br />261.20
<br />42.00
<br />7.47
<br />61.58
<br />Communications
<br />384.49
<br />500.00
<br />310.43
<br />3,317.28
<br />Office Expense
<br />27.4.18
<br />300.00
<br />107.63
<br />921.00
<br />Payroll Expenses
<br />8,376.94
<br />10,557.00
<br />7,664.72
<br />60,173.14
<br />Payroll Tax Expense
<br />638.38
<br />835.00
<br />580.89
<br />4,561.93
<br />Marketing / Advertising
<br />0.00
<br />0.00
<br />99.00
<br />330.00
<br />Audit
<br />0.00
<br />0.00
<br />2,666.67
<br />2,666.67
<br />Bookkeeping
<br />956.75
<br />583.00
<br />343.14
<br />4,426.13
<br />Electricity
<br />5,361.94
<br />5,300.00
<br />2,893.31
<br />18,436.52
<br />Water
<br />362.62
<br />417.00
<br />466.93
<br />3,568.21
<br />Gas,
<br />0.00
<br />0.00
<br />269.86
<br />5,216.66
<br />Trash Disposal
<br />340.86
<br />417.60
<br />285.36
<br />2,663.00
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />352.38
<br />1,327.38
<br />Small Equipment
<br />0.00
<br />0.00
<br />0.00
<br />635.00
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />25,000.00
<br />Building Maint./Spls/Equip
<br />2,151.42
<br />2,000.00
<br />4,059.44
<br />24,841.85
<br />Security
<br />3,188.75
<br />333.00
<br />58.95
<br />1,283.40
<br />Staff Ins./Retirement
<br />713.00
<br />748.00
<br />535.73
<br />4,824.62
<br />Building Insurance
<br />11,517.18
<br />5,000.00
<br />0.00
<br />0.00
<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 />0.00
<br />0.00
<br />0.00
<br />1,559.67
<br />Misc Expenses
<br />165.54
<br />200.00
<br />100.01
<br />903.78
<br />Ground Maintenance
<br />620.00
<br />708.00
<br />650.00
<br />7,764.50
<br />Bicycles & Related Expenses
<br />0.00
<br />0.00
<br />_ 0.00
<br />52.72
<br />Total Operating Expenses
<br />35,563.23
<br />28,190.00
<br />23,035.05
<br />1B3,351.34
<br />Operating Income (Loss)
<br />,932.02
<br />___81
<br />74,735.00
<br />74,826.75
<br />169,599.88
<br />Other Income
<br />Interest Income
<br />288.57
<br />29.00
<br />302.68
<br />1,503.81
<br />Total Other Income
<br />. 2886.57
<br />29.00
<br />302.68,
<br />.1,603.81
<br />Other Expenses
<br />City of Paris for Construction
<br />27„655.48
<br />0.00
<br />0.00
<br />0.00
<br />Total Other Expenses
<br />27,655.48
<br />0.00
<br />0.00
<br />0.00
<br />Net Income Loss
<br />( )
<br />$ 54 565.11
<br />r „
<br />$ $ 74,764.00
<br />$ 75,129.43
<br />$ 171103.69
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards issued
<br />by the AICPA, substamially all disclosures ordinarily included in financial statements prepared in accordance with the modified cash basis of
<br />accounting ate omitted and no assurance is provided
<br />
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