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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 />