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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 12 Months Ended September 30, 2023
<br />Financial statement preparation service provided by Malnory, McNeal 8c 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 />12 Months Ended
<br />12 Months Ended
<br />Sep 30, 2023
<br />Sep 30, 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 />472,370.48
<br />369,500.00
<br />102,870.48
<br />127.84%
<br />369,500.00
<br />R.V. Hook Up
<br />13,400.15
<br />5,000.00
<br />8,400.15
<br />268.00%
<br />5,000.00
<br />Misc Income
<br />150.00
<br />11000.00
<br />(850.00)
<br />15.00%
<br />1,000.00
<br />Rent
<br />135,633.73
<br />85,000.00
<br />50,633.73
<br />159.67%
<br />85,000.00
<br />Refunded Deposits
<br />(12,856.00)
<br />(10,000.00)
<br />(2,856.00)
<br />128.56%
<br />(10,000.00)
<br />Tower Lighting
<br />100.00
<br />400.00
<br />(300.00)
<br />0.00%
<br />400.00
<br />Bicycle Rentals
<br />0.00
<br />1,500.00
<br />(1,500.00)
<br />0.00%
<br />1,500.00
<br />Branding/Marketing
<br />_ .. „ _ 0.00
<br />14,000.0014,000.00
<br />0.00%
<br />14 000,00
<br />Total Revenue
<br />609 048.36
<br />466„400.00
<br />1
<br />... 130.58%
<br />488,400.00
<br />Gross Profit
<br />609,048.36
<br />486 400.00
<br />142,648.36
<br />130.58%
<br />466,400.00
<br />OPERATING EXPENSES
<br />Branding Discovery
<br />9,041.67
<br />10,000.00
<br />(958.33)
<br />90.42%
<br />10,000.00
<br />Branding/Marketing Exp
<br />0.00
<br />14,000.00
<br />(14,000.00)
<br />0.00%
<br />14,000.00
<br />Bank Service Charge
<br />432.32
<br />500.00
<br />(67.68)
<br />86.46%
<br />500.00
<br />Communications
<br />4,274.05
<br />6,000.00
<br />(1,725.95)
<br />71.23%
<br />6,000.00
<br />Office Expense
<br />1,716.03
<br />4,700.00
<br />(2,983.97)
<br />36.51 %
<br />4,700.00
<br />Payroll Expenses
<br />114,447.38
<br />126,667.00
<br />(12,239.62)
<br />90.34%
<br />126,687.00
<br />Payroll Tax Expense
<br />8,787.43
<br />10,015.00
<br />(1,227.57)
<br />87.74%
<br />10,015.00
<br />Marketing /Advertising
<br />4,715.99
<br />9,700.00
<br />(4,984.01)
<br />48.62%
<br />9,700.00
<br />Audit
<br />3,000.00
<br />3,000.00
<br />0.00
<br />0.00%
<br />3,000.00
<br />Bookkeeping
<br />6,573.34
<br />7,000.00
<br />(426.66)
<br />93.90%
<br />7,000.00
<br />Electricity
<br />44,525.98
<br />40,000.00
<br />4,525.98
<br />111.31 %
<br />40,000.00
<br />Water
<br />9,316.44
<br />5,000.00
<br />4,316.44
<br />186.33%
<br />5,000.00
<br />Gas
<br />5,660.38
<br />6,000.00
<br />(339.62)
<br />94.34%
<br />6,000.00
<br />Trash Disposal
<br />4,012.49
<br />5,000.00
<br />(987.51)
<br />80.25%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />3,391.70
<br />3,000.00
<br />391.70
<br />113.06%
<br />3,000.00
<br />Small Equipment
<br />0.00
<br />1,000.00
<br />(1,000.00)
<br />0.00%
<br />1,000.00
<br />903 Concert Series
<br />10,000.00
<br />10,000.00
<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 Lighting/Maint
<br />0.00
<br />1,000.00
<br />(1,000.00)
<br />0.00%
<br />1,000.00
<br />Building Maint./Spls/Equip
<br />104,988.63
<br />99,000.00
<br />5,988.63
<br />106.05 %
<br />99,000.00
<br />Security
<br />3,889.35
<br />4,000.00
<br />(110.65)
<br />97.23%
<br />4,000.00
<br />Staff Ins./Retirement
<br />7,572.55
<br />8,980.00
<br />(1,407.45)
<br />84.33%
<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 />1,400.00
<br />(571.08)
<br />59.21 %
<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 />479.15
<br />1,500.00
<br />(1,020.85)
<br />31.94%
<br />1,500.00
<br />Ground Maintenance
<br />8,125.21
<br />8,500.00
<br />(374.79)
<br />95.59%
<br />8,500.00
<br />Bicycles & Related Expenses
<br />787.07
<br />2,000.00
<br />(1,212.93)
<br />39.35%
<br />2,000.00
<br />Capital Improvements
<br />32,154.00
<br />52,118.00
<br />(19,964.00)
<br />0.00%
<br />52,118.00
<br />Cleaning
<br />38.12
<br />_000
<br />38.12
<br />0.00%
<br />0.00
<br />Total Operating Expenses
<br />430,534.67
<br />475,800.00
<br />( 45,265.33
<br />90 49 %
<br />475,800.00
<br />Operating Income (Loss)
<br />178,513.69
<br />(9,400.00
<br />187,.913.691
<br />899.08 %
<br />9,400.00
<br />OTHER INCOME
<br />Interest Income
<br />6,999.09
<br />_ _ 350.00
<br />6649.09
<br />1999_.74 %
<br />350.00
<br />Total Other Income
<br />6999.09
<br />350.00
<br />�6 649.09
<br />1,999.74%
<br />350.00
<br />Other Expenses
<br />City of Paris for Construction
<br />234,770.47
<br />0.00
<br />234,770.47„
<br />0.00%
<br />0.00
<br />Total Other Expenses
<br />234,770.47
<br />0.00
<br />234,770.47
<br />0.00%
<br />0.00
<br />Net Income (Loss)
<br />$ �49,257�69
<br />m
<br />$ (9,050.00)
<br />$ 40 207.89
<br />,
<br />544 .28 %
<br />$9,050.9
<br />Financial statement preparation service provided by Malnory, McNeal 8c 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 />
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