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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 10 Months Ended July 31, 2023
<br />10 Months Ended 10 Months Ended
<br />Jul 31, 2.023 Jul 31, 2023 variance % of Budget Annual Budget
<br />Actual Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax $ 667,325.00 $ 554,250.00 $ 113,075.00 120.40% $ 739,000.00
<br />Hot Money Interest 2,858.76 50.00 2,808.76 5717.52% � 60.00
<br />Total Revenue
<br />670,183.76
<br />554„300.00
<br />115,883.76
<br />120.91%
<br />mm 739,060.00
<br />Operating Expenses
<br />Postage
<br />112.17
<br />125.00
<br />(12.83)
<br />89.74%
<br />1,000.00
<br />Misc Expenses
<br />191.27
<br />200,00
<br />(8.73)
<br />95.64%
<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 />Staff Ins./Retirement
<br />5,732.36
<br />7,437.00
<br />(1,704.64)
<br />77.08%
<br />8,925.00
<br />Meetings & Hosting
<br />323.67
<br />100.00
<br />223.67
<br />323.97%
<br />200.00
<br />Chamber Management
<br />37,500.00
<br />37,500.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Out of Town Travel
<br />2,173.98
<br />1,500.00
<br />673.98
<br />144.93%
<br />1,500.00
<br />Intown Auto/Exp Allowance
<br />2,000.00
<br />2,500.00
<br />(500.00)
<br />80.00%
<br />3,000.00
<br />Membership Dues/Sub.
<br />2,310.00
<br />2,225.00
<br />85.00
<br />103.82%
<br />4,000.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,000.00
<br />Bookkeeping
<br />6,017.33
<br />5,832.00
<br />185.33
<br />103.18%
<br />7,000.00
<br />Payroll Expenses
<br />71,074.03
<br />71,845.00
<br />(770.97)
<br />98.93%
<br />86,215.00
<br />Payroll Tax Expense
<br />5,469.73
<br />5,653.00
<br />(183.27)
<br />96.76%
<br />6,785.00
<br />Office Expense
<br />3,284.70
<br />3,000.00
<br />284.70
<br />109.49%
<br />3,000.00
<br />Communications
<br />2,896.27
<br />2,916.00
<br />(19.73)
<br />99.32%
<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 />87.06
<br />416.00
<br />(328.94)
<br />20.93%
<br />500.00
<br />Motel Taos Transferred to LCC
<br />333,662.51
<br />277,125.00
<br />56,537.51
<br />120.40%
<br />369,500.00
<br />Marketing / Advertising
<br />41,214.01
<br />38,300.00
<br />2,914.01
<br />107.61 %
<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 />18,477.08
<br />18,725.00
<br />(247.02)
<br />98.68%
<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 />0.00
<br />0.00
<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 />0.06%
<br />0.00
<br />Pump Track Event
<br />1,217.73
<br />2,250.00
<br />(1,032.27)
<br />54.12%
<br />5,000.00
<br />Branding Discovery
<br />4,958.33
<br />4,250.00
<br />708.33
<br />116.67%
<br />10,000.00
<br />Jettribe Expense
<br />9,093.05
<br />9,150.00
<br />(56.95)
<br />99.38%
<br />10,000.00
<br />Events Promotion / Funding
<br />67,763.50
<br />55,000.00
<br />12,763.50
<br />123.21 %
<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 />10,000.00
<br />10„000.00
<br />0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />668,313.37
<br />591,349.00
<br />76,964.37
<br />11.3.02%
<br />806 325.00
<br />Operating Income (Loss)
<br />1,870.39
<br />(37 049.00)
<br />38,919.39
<br />µf5.05)°%
<br />67 266.00
<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 />8,750.00
<br />3,600.00
<br />5,150.00
<br />243.08%
<br />4,000.00
<br />Tour de Paris Income
<br />44,830.00
<br />45,100.00
<br />(270.00)
<br />99.40%
<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 />O.OD %
<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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