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Love Civic Center
<br />Budget to Actual, Year -to -bate
<br />Modified Cash Basis
<br />For the 10 Months Ended July 31, 2023
<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 />10 Months Ended
<br />10 Months Ended
<br />Jul 31, 2023
<br />Jul 31, 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 />333,662.51
<br />277,125.00
<br />56,537.51
<br />120.40%
<br />369,500.00
<br />R.V. Hook Up
<br />7,423.26
<br />5,000.00
<br />2,423.26
<br />148.47%
<br />5,000.00
<br />Misc Income
<br />100.00
<br />100.00
<br />0.00
<br />100.00%
<br />1,000.00
<br />Rent
<br />99,217.27
<br />81,100.00
<br />18,117.27
<br />122.34%
<br />85,000.00
<br />Refunded Deposits
<br />(12,056.00)
<br />(8,000.00)
<br />(4,056.00)
<br />150,70%
<br />(10,000.00)
<br />Tower Lighting
<br />100.00
<br />100.00
<br />0.00
<br />0.00%
<br />400.00
<br />Bicycle Rentals
<br />0.00
<br />0.00
<br />....
<br />0.00 „
<br />..
<br />0.00%
<br />.»5OOm DO
<br />Branding/Marketing
<br />_ 0.00
<br />0.00
<br />mw 0.00
<br />0.00%
<br />14,000.00
<br />Total Revenue
<br />428,697.04
<br />355 425.00
<br />73,272.04
<br />120.62%
<br />____466 2400.00
<br />Gross Profit
<br />__IT
<br />6 426.00
<br />73,272.04
<br />0
<br />120.62 %
<br />466,400.00
<br />OPERATING EXPENSES
<br />Branding Discovery
<br />4,958.34
<br />3,000.00
<br />1,958.34
<br />165.28%
<br />10,000.00
<br />Branding/Marketing Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00 %
<br />14,000.00
<br />Bank Service Charge
<br />393.06
<br />416.00
<br />(22.94)
<br />94.49%
<br />500.00
<br />Communications
<br />3,952.01
<br />5,000.00
<br />(1,047.99)
<br />79.04%
<br />6,000.00
<br />Office Expense
<br />1,716.03
<br />1,800.00
<br />(83.97)
<br />95.34%
<br />4,700.00
<br />Payroll Expenses
<br />96,543.66
<br />105,571.00
<br />(9,027.34)
<br />91.45%
<br />126,687.00
<br />Payroll Tax Expense
<br />7,416.14
<br />8,345.00
<br />(928.86)
<br />88,87%
<br />10,015.00
<br />Marketing / Advertising
<br />4,715.99
<br />5,050.00
<br />(334.01)
<br />93:39 °%
<br />9,700.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,000.00
<br />Bookkeeping
<br />6,017.34
<br />5,832.00
<br />185.34
<br />103.18%
<br />7,000.00
<br />Electricity
<br />33,703.12
<br />31,000.00
<br />2,703.12
<br />108.72%
<br />40,000.00
<br />Water
<br />7,762.67
<br />4,166.00
<br />3,596.67
<br />186.33%
<br />5,000.00
<br />Gas
<br />5,272.30
<br />5,350.00
<br />(77.70)
<br />98.55%
<br />6,000.00
<br />Trash Disposal
<br />3,169.96
<br />4,166.00
<br />(996.04)
<br />76.09%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />2,500.00
<br />2,500.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Small Equipment
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />11000.00
<br />903 Concert Series
<br />0.00
<br />0.00
<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 />0.00
<br />0.00
<br />0.00%
<br />1,000.00
<br />Building Maint./Spls/Equip
<br />54,467.85
<br />57,000.00
<br />(2,532.15)
<br />95.56%
<br />99,000.00
<br />Security
<br />3,830.40
<br />3,332.00
<br />498.40
<br />114.96%
<br />4,000.00
<br />Staff Ins./Retirement
<br />6,397.55
<br />7,482.00
<br />(1,084.45)
<br />85.51 %
<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 />850.00
<br />(21.08)
<br />97.52%
<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 />370.77
<br />400.00
<br />(29.23)
<br />92.69%
<br />1,500.00
<br />Ground Maintenance
<br />6,885.21
<br />7,082.00
<br />(196.79)
<br />97.22%
<br />8,500.00
<br />Bicycles & Related Expenses
<br />787.07
<br />750.00
<br />37.07
<br />104.94%
<br />2,000.00
<br />Capital Improvements
<br />0.00
<br />_ 0.00
<br />0.00
<br />0.00%
<br />52,118.00
<br />Total Operating Expenses
<br />293,464.86
<br />294,792.001
<br />99.66%
<br />475,800.00
<br />(Loss)
<br />Operating Income Loss
<br />.__ _
<br />60,633.00
<br />74,589.18,
<br />223.03%
<br />__ 8 400.00'
<br />OTHER INCOME
<br />Interest Income
<br />3,487.54
<br />_......__. 290.00
<br />w..,_ 3,197:54
<br />1 202.60 %
<br />350.00
<br />Total Other Income
<br />3 487.54
<br />,
<br />290.00
<br />3,197.54
<br />120260%
<br />350.00
<br />Other Expenses
<br />City of Paris for Construction
<br />_IT 234,770.47
<br />0.00
<br />234,770.47„
<br />o
<br />__ITITITITITITIT__0.00 %
<br />0.00
<br />Total Other Expenses
<br />p
<br />234,770.47
<br />0.00
<br />234,770.47
<br />0.00%
<br />0.00
<br />Net Income (Loss)
<br />$96,OSOJ5
<br />$ 60,923.0075)157.66%
<br />!__A!,050.00
<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
<br />
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