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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 11 Months Ended August 31, 2023
<br />11 Months Ended 11 Months Ended
<br />Aug 31, 2023 Aug 31, 2023 Variance % of Budget Annual Budget
<br />Actual Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax $ 944,740.95 $ 739,000.00 $ 205,740.95 127.84% $ 739,000.00
<br />Not Money Interest .. 3,534.80 � _..........55.0479 6,426.,
<br />3� _�......� .._
<br />.80 �._.�._ m91 60.00
<br />Total Revenue
<br />948,275.75
<br />739,065.00
<br />20%220.76
<br />128.31 % _
<br />739,060,00
<br />Operating Expenses
<br />Postage
<br />146.94
<br />210.00
<br />(63.05)
<br />69.97%
<br />1,000.00
<br />Misc Expenses
<br />922.46
<br />900.00
<br />22.46
<br />102.50%
<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 & 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 />600.00
<br />(0.15)
<br />99.98%
<br />1,000.00
<br />Stafflns./Retirement
<br />6,291.95
<br />8,181.00
<br />(1,889.05)
<br />76.91 %
<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 />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 />1,500.00
<br />Intown Auto/Exp Allowance
<br />2,200.00
<br />2,750.00
<br />(550.00)
<br />80.00%
<br />3,000.00
<br />Membership Dues/Sub,
<br />6,109.00
<br />4,000.00
<br />2,109.00
<br />152.73%
<br />4,000.00
<br />Audit
<br />4,150.00
<br />3,000.00
<br />1,150.00
<br />0.00%
<br />3,000.00
<br />Bookkeeping
<br />6,489.83
<br />6,416.00
<br />73.83
<br />101.15%
<br />7,000.00
<br />Payroll Expenses
<br />78,208.81
<br />79,030.00
<br />(821.19)
<br />98.96 %
<br />86,215.00
<br />Payroll Tax Expense
<br />6,010.38
<br />6,219.00
<br />(208.62)
<br />96.65%
<br />6,785.00
<br />Office Expense
<br />3,764.66
<br />3,000.00
<br />764.66
<br />125.49%
<br />3,000.00
<br />Communications
<br />2,896.27
<br />3,208.00
<br />(311.73)
<br />90.28%
<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 />94.52
<br />458.00
<br />(363.48)
<br />20.64%
<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 />60,296.45
<br />39,800.00
<br />20,496.45
<br />151.50%
<br />73,900.00
<br />Chaparral Square Dancers
<br />(141.58)
<br />50.00
<br />(191.58)
<br />(283.16)%
<br />2,100.00
<br />Tour de Paris Exp
<br />20,319.48
<br />20,725.00
<br />(405.52)
<br />98.04%
<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 />11,105.76
<br />11,000.00
<br />105.76
<br />100.96%
<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 />7,000.00
<br />7,000.00
<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 />3,322.96
<br />0.00
<br />3,322.96
<br />0.00%
<br />0.00
<br />Pump Track Event
<br />1,987.38
<br />3,050.00
<br />(1,062.62)
<br />65.15%
<br />5,000.00
<br />Branding Discovery
<br />6,208.33
<br />5,500.00
<br />708.33
<br />112.88%
<br />10,000.00
<br />Jettribe Expense
<br />9,193.05
<br />9,250.00
<br />(56.95)
<br />99.38%
<br />20,ODOAO
<br />Events Promotion / Funding
<br />50,065.50
<br />55,000.00
<br />(4,934.50)
<br />91.03%
<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 />11000.00
<br />1�1,000•00
<br />0.00...
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />850,997.73
<br />725,097.00
<br />125,900.73
<br />117.36%
<br />816,_326.00
<br />Operating Income (Loss)
<br />97,278.02 _
<br />13,958.00
<br />83,320.02
<br />696.93% (77,265.0
<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 />9,050.00
<br />3,800.00
<br />5,250.00
<br />238.16%
<br />4,000.00
<br />Tour de Paris Income
<br />57,606.00
<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 />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 Track Event Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />Jettribe
<br />1,560.00
<br />1,500.00
<br />60.00
<br />104.00%
<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 />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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