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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 12 Months Ended September 30, 2023
<br />12 Months Ended 12 Months Ended
<br />Sep 30, 2023 Sep 30, 2023 Variance % of Budget Annual Budget
<br />Actual Budget
<br />Revenue
<br />Hotel I Motel Occupancy Tax $ 944,740.95 $ 739,000.00 $ 205,740.95 127.84% $ 739,000.00
<br />Not Money Interest 4, . __ ,501.31 .7602.1 8 °r6 � 60.00
<br />5 .3 „_ 60.00 d
<br />Total Revenue
<br />, .26
<br />3�.
<br />210 242.2_6
<br />_ 128,45_%
<br />� 739,060.00
<br />Operating Expenses
<br />Postage
<br />152.27
<br />1,000.00
<br />(847.73)
<br />15.23%
<br />1,000.00
<br />Misc Expenses
<br />1,255.87
<br />1,000.00
<br />255.87
<br />125.59%
<br />1,000.00
<br />General Liability
<br />0.00
<br />2,000.00
<br />(2,000.00)
<br />0,00%
<br />2,000.00
<br />D & O 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 />1,000.00
<br />(400.15)
<br />59,99%
<br />1,000.00
<br />Staff Ins./Retirement
<br />6,777.09
<br />8,925.00
<br />(2,147.91)
<br />75.93%
<br />8,925.00
<br />Meetings & Hosting
<br />323.67
<br />200.00
<br />123.67
<br />161.84%
<br />200.00
<br />Chamber Management
<br />50,000.00
<br />50,000.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Out of Town Travel
<br />2,193.98
<br />1,500.00
<br />693.98
<br />146.27%
<br />i,500.00
<br />Intown Auto/Exp Allowance
<br />2,400.00
<br />3,000.00
<br />(600.00)
<br />80.00%
<br />3,000.00
<br />Membership Dues/Sub.
<br />6,259.00
<br />4,000.00
<br />2,259.00
<br />156.48%
<br />4,000.00
<br />Audit
<br />3,000.00
<br />3,000.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Bookkeeping
<br />6,573.33
<br />7,000.00
<br />(426.67)
<br />93.90%
<br />7,000.00
<br />Payroll Expenses
<br />85,068.55
<br />86,215.00
<br />(1,146.45)
<br />98.67%
<br />86,215.00
<br />Payroll Tax Expense
<br />6,529.98
<br />6,785.00
<br />(255.02)
<br />96.24%
<br />6,785.00
<br />Office Expense
<br />3,960.27
<br />3,000.00
<br />960.27
<br />132.01 %
<br />3,000.00
<br />Communications
<br />2,919.44
<br />3,500.00
<br />(580.56)
<br />83.41 %
<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 />131.98
<br />500.00
<br />(368.02)
<br />26.40 %
<br />500.00
<br />Motel Tax Transferred to LCC
<br />472,370.48
<br />369,500.00
<br />102,870.48
<br />127.84%
<br />369,500.00
<br />Marketing / Advertising
<br />86,945.95
<br />73,900.00
<br />13,045.95
<br />117.65%
<br />73,900.00
<br />Chaparral Square Dancers
<br />(79.99)
<br />2,100.00
<br />(2,179.99)
<br />(3.81)%
<br />2,100.00
<br />Tour de Paris Exp
<br />21,425.14
<br />32,000.00
<br />(10,574.86)
<br />66.95%
<br />32,000.00
<br />Lamar Cc Days in Austin Exp
<br />0.00
<br />5,000.00
<br />(5,000.00)
<br />0.00%
<br />5,000.00
<br />ASA
<br />11,105.76
<br />18,000.00
<br />(6,894.24)
<br />61.70%
<br />18,000.00
<br />ASA Indoor Archery Event Exp
<br />1,478,13
<br />2,000.00
<br />(521.87)
<br />73.91 %
<br />2,000.00
<br />SDBA Boat Races
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<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 Buil Qualifier Exp
<br />3,322.96
<br />0.00
<br />3,322.96
<br />0.00%
<br />0.00
<br />Pump Track Event
<br />2,802.17
<br />5,000.00
<br />(2,197.83)
<br />56.04%
<br />5,000.00
<br />Branding Discovery
<br />7,458.33
<br />10,000.00
<br />(2,541.67)
<br />74.58%
<br />10,000.00
<br />Jettribe Expense
<br />19,193,05
<br />20,000.00
<br />(806.95)
<br />95.97%
<br />20,000.00
<br />Events Promotion / Funding
<br />54,140.50
<br />55,000.00
<br />(859.50)
<br />98.44%
<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 />Building Repairs/Maintenance
<br />14.05
<br />0.00
<br />14.05
<br />0.00%
<br />0.00
<br />Rent to COC
<br />12,000.00
<br />12,000.00
<br />0.00
<br />100.00%
<br />12000-00
<br />Total Operating Expenses
<br />903,697,23
<br />616,325.00
<br />87,372.23
<br />110.70%
<br />816,326.00
<br />Operating Income (Loss)
<br />.....................42605-03
<br />('77,265.00)
<br />122,870.03
<br />-02j%
<br />(77,265.00)
<br />NOT -HOT INCOME
<br />Misc Income
<br />0,00
<br />500.00
<br />(500.00)
<br />0.00%
<br />500.00
<br />Trolley / Historical
<br />9,050.00
<br />4,000.00
<br />5,050.00
<br />226.25%
<br />4,000.00
<br />Tour de Paris Income
<br />57,605.00
<br />50,000.00
<br />7,606.00
<br />115.21 %
<br />50,000.00
<br />ASA Indoor Archery Event
<br />1,250.00
<br />2,500.00
<br />(1,250.00)
<br />50.00%
<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 />Pump Track Event Income
<br />6,350.00
<br />5,000.00
<br />1,350.00
<br />127.00%
<br />5,000.00
<br />"Jettribe
<br />1,560.00
<br />10,000.00
<br />(8,440.00)
<br />15.60%
<br />10,000.00
<br />Prospective Event Income
<br />0.00
<br />40,000.00
<br />(40,000.00)
<br />0.00%
<br />40,000.00
<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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