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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 July 31, 2023 and 2022 and 10 Months Ended July 31, 2022
<br />1 Month Ended 1 Month Ended 1 Month Ended 10 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 />Jul 31, 2023
<br />Jul 31, 2023
<br />Jul 31, 2022
<br />Jul 31; 2022
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Motel Tax
<br />$ 0.00
<br />$ 0.00
<br />$ 0.00
<br />$ 294,302.53
<br />R.V. Hook Up
<br />243.62
<br />0.00
<br />449.12
<br />3,536.49
<br />Rent
<br />3,975.11
<br />2,000.00
<br />6,842.92
<br />81;473.05
<br />Refunded Deposits
<br />(400.00)
<br />(1,000.00)
<br />(3,100.00)
<br />(12,700.00)
<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 />31818.73
<br />1,000.00
<br />4,192.04367,517.77
<br />Operating Expenses
<br />Branding Discovery
<br />1,250.00
<br />1,300.00
<br />0.00
<br />6,333.33
<br />Bank Service Charge
<br />13.07
<br />42.00
<br />28.06
<br />97.12
<br />Communications
<br />226.24
<br />500.00
<br />313.58
<br />3,691.85
<br />Office Expense
<br />387.54
<br />400.00
<br />377.33
<br />1,298.33
<br />Payroll Expenses
<br />9,582.60
<br />10,558.00
<br />10,025.70
<br />77,863.56
<br />Payroll Tax Expense
<br />737.53
<br />835.00
<br />774.28
<br />5,916.89
<br />Marketing / Advertising
<br />0.00
<br />0.00
<br />49.50
<br />379.50
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />2,666.67
<br />Bookkeeping
<br />843.50
<br />584.00
<br />394.50
<br />5,352.13
<br />Electricity
<br />7,865.24
<br />5,000.00
<br />3,437.40
<br />24,676.34
<br />Water
<br />706.29
<br />417.00
<br />460.58
<br />4,383.83
<br />Gas
<br />0.00
<br />0.00
<br />0.00
<br />5,510.22
<br />Trash Disposal
<br />391.97
<br />417.00
<br />285.36
<br />3,233.72
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />250.00
<br />1,827.38
<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 Maint./Spls/Equip
<br />5,833.85
<br />6,000.00
<br />21,401.17
<br />57,663.22
<br />Security
<br />0:00
<br />334.00
<br />0.00
<br />1,283.40
<br />Staff Ins./Retirement
<br />631.60
<br />749.00
<br />786.39
<br />6,117.70
<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 />0.00
<br />0.00
<br />0.00
<br />1,094.87
<br />Ground Maintenance
<br />620.00
<br />709.00
<br />3,155:33
<br />12.868.16
<br />Bicycles & Related Expenses
<br />0.00
<br />0.00
<br />0.00
<br />52.72
<br />Capital Improvements
<br />0.00
<br />0.00
<br />0.00
<br />_ 650.00
<br />Total Operating Expenses
<br />29,339.43
<br />28095 00
<br />41,739.18
<br />254,221.92
<br />Operating Income (Loss)
<br />(25tl520.70
<br />277 095.00
<br />(37,547)
<br />113,295.85
<br />Other Income
<br />Interest Income
<br />µ 307.57
<br />29.00
<br />113.91µ
<br />11705.34
<br />Total Other Income
<br />307.57
<br />29.00
<br />113.91
<br />_,1705.34
<br />Other Expenses
<br />Total Other Expenses
<br />0.00
<br />0.00
<br />0.00
<br />0.00
<br />Net Income (Loss)
<br />$ (25,213.13)
<br />S 27,066.00
<br />$ (37,433.23)
<br />$ 116,001.19
<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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