Love Civic Center
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the 1 Month Ended August 31, 2023 and 2022 and 11 Months Ended August 31, 2022
<br />1 Month Ended 1 Month Ended 1 Month Ended 11 Months Ended
<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
<br />Aug 31, 2023
<br />Aug 31, 2023
<br />Aug 31, 2022
<br />Aug 31, 2022
<br />Actual
<br />Budget
<br />Actual
<br />Acutai
<br />Revenue
<br />Motel Tax
<br />$ 138,707.97
<br />$ 92,375.00
<br />$ 118,230.89
<br />$ 412,533.42
<br />R.V. Hook Up
<br />1,069.70
<br />0.00
<br />452.40
<br />3,988.89
<br />Misc Income
<br />50.00
<br />50.00
<br />0.00
<br />0.00
<br />Rent
<br />17,840.99
<br />2,000.00
<br />9,003.30
<br />90,476.35
<br />Refunded Deposits
<br />(400.00)
<br />(1,000.00)
<br />(400.00)
<br />(13,100.00)
<br />Tower lighting
<br />0.00
<br />0.00
<br />0.00
<br />100.00
<br />Bicycle Rentals
<br />0.00
<br />0.00
<br />_ 0.00
<br />805.70
<br />Total Revenue
<br />____5T,;68.6fi
<br />93,425.00
<br />127,286.59
<br />494 804.36
<br />Operating Expenses
<br />Branding Discovery
<br />1,250.00
<br />1,250.00
<br />1,583.33
<br />7,916.66
<br />Bank Service Charge
<br />24.33
<br />42.00
<br />28.08
<br />125.20
<br />Communications
<br />161.02
<br />500.00
<br />1,032.42
<br />4,724.27
<br />Office Expense
<br />0.00
<br />0.00
<br />0.00
<br />1,298.33
<br />Payroll Expenses
<br />8,315.23
<br />10,558.00
<br />9,892.76
<br />87,756.32
<br />Payroll Tax Expense
<br />633.30
<br />835.00
<br />763.39
<br />6,680.28
<br />Marketing / Advertising
<br />0.00
<br />0.00
<br />49.50
<br />429.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />2,666.67
<br />Bookkeeping
<br />472.50
<br />584.00
<br />474.34
<br />5,826.47
<br />Electricity
<br />4,543.75
<br />5,000.00
<br />3,383.10
<br />28,059.44
<br />Water
<br />667.53
<br />417.00
<br />709:65
<br />5,093.48
<br />Gas
<br />252.80
<br />250.00
<br />301.62
<br />5,811.84
<br />Trash Disposal
<br />450.56
<br />417.00
<br />296.41
<br />3,530.13'
<br />Intown Auto Exp Allowance
<br />521.18
<br />250.00
<br />415.55
<br />2,242.93
<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 MalntJSpls/Equlp
<br />37,726.49
<br />38,000.00
<br />7,231.60
<br />64,894.82
<br />Security
<br />0.00
<br />334.00
<br />'58.95
<br />1,342.35
<br />Staff Ins./Retirement
<br />631.60
<br />749.00
<br />600.17
<br />6,717.87
<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 />73.38
<br />75.00
<br />85.93
<br />1,180.80
<br />Ground Maintenance
<br />620.00
<br />709.00
<br />0.00
<br />12,868.16
<br />Bicycles & Related Expenses
<br />0.00
<br />0.00
<br />0.00
<br />52.72
<br />Capital Improvements
<br />32„1,54.00
<br />_ 32,118.00
<br />6,360 00„
<br />T101 000
<br />Total Operating Expenses
<br />88,497.67.......
<br />92088.00,
<br />33 266.80
<br />287488 . 72
<br />Operating Income (Loss)
<br />68,770.99
<br />1,337.00
<br />94,019.79
<br />207,315.64
<br />Other Income
<br />Interest income
<br />IT 284:37
<br />30.00
<br />122.60
<br />1,827.34
<br />Total Other Income
<br />284.37
<br />30.00
<br />122.00
<br />1,827.34
<br />Other Expenses
<br />Total Other Expenses
<br />0.00
<br />IT 0.00
<br />0.00
<br />0.00
<br />Net Income (Loss)
<br />$ 6941)55 36
<br />$ 1,367.00
<br />$ ftl4l.79
<br />$ 209,142.98
<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
<br />
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