|
Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 3 Months Ended December 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 />3 Months Ended
<br />3 Months Ended
<br />Dec 31, 2023
<br />Dec 31, 2023
<br />Variance
<br />% of Budget
<br />Annual B4dget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 241,868.82
<br />$ 212,500.00 $
<br />29,368.82
<br />113.82%
<br />$ 850,000.00
<br />Hot Money Interest
<br />1,35B.06 06
<br />_ p 249.00
<br />1,107.06
<br />544.60%
<br />_mwmw 1,000.00
<br />Total Revenue
<br />_._._;431224.88
<br />212,749.00
<br />30,475.88
<br />114.32%
<br />x00
<br />Operating Expenses
<br />Postage
<br />65,41
<br />65.00
<br />0.41
<br />100.63%
<br />750.00
<br />Misc Expenses
<br />111.59
<br />100.00
<br />11.59
<br />111.59 %
<br />730.00
<br />General Liability
<br />0.00
<br />0.00.
<br />0.00
<br />0.00%
<br />2,000.00
<br />D & O Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,700.00
<br />Workers Comp
<br />646.90
<br />1,000.00
<br />(353.10)
<br />64.69%
<br />1,000.00
<br />Staff Ins./Retirement
<br />1,615.17
<br />2,298,00
<br />(682.83)
<br />70.29%
<br />9,200,00
<br />Meetings & Hosting
<br />951.82
<br />500.00
<br />451.82
<br />190.36%
<br />500.00
<br />Chamber Management
<br />12,500.00
<br />12,500.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Out of Town Travel
<br />1,433.31
<br />1,350.00
<br />83.31
<br />106.17%
<br />3,000.00
<br />Intown Auto/Exp Allowance
<br />600.00
<br />750.00
<br />(150.00)
<br />80.00%
<br />3,000.00
<br />Membership Dues/Sub.
<br />1,650.00
<br />1,750.00
<br />(100.00)
<br />94.29%
<br />6,800.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,000.00
<br />Bookkeeping
<br />1,607.83
<br />1,749.00
<br />(141.17)
<br />91.93%
<br />7,000.00
<br />Payroll Expenses
<br />22,452.30
<br />21,999.00
<br />453.30
<br />102.06•%
<br />88,000.00
<br />Payroll Tax Expense
<br />1,702.12
<br />1,731.00
<br />(28.88)
<br />98.33%
<br />6;920.00
<br />Office Expense
<br />937.33
<br />950.00
<br />(12.67)
<br />98.67%
<br />3,000.00
<br />Communications
<br />269.73
<br />1,002.00
<br />(732.27)
<br />26.920%
<br />4,000.00
<br />Historical Museum
<br />0.00
<br />0.00
<br />0.00
<br />0.06%
<br />3,500.00
<br />Bank Service Charge
<br />178.28
<br />126.00
<br />52.28
<br />141.49%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />120,934.41
<br />106,250.00
<br />14,684.41
<br />113.82%
<br />425,000.00
<br />Marketing / Advertising
<br />17,893.85
<br />18,000.00
<br />(106.15)
<br />99.41 °%
<br />87,000.00
<br />Chaparral Square Dancers
<br />65.66
<br />65.00
<br />0.66
<br />101.02%
<br />2,100.00
<br />Tour de Paris Exp
<br />850.00
<br />850.00
<br />0.00
<br />100.00%
<br />32,000.00
<br />ASA
<br />0.00
<br />0.00
<br />0.00
<br />0.00 °%
<br />15,000.00
<br />ASA Indoor Archery Event Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />SDBA Boat Races
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,060.00
<br />TMBRA Bicycle Race Exp
<br />50.00
<br />50.00
<br />0.00
<br />100.00%
<br />14,000,00
<br />Red Bull Qualifier -Exp
<br />1,148.34
<br />0.00
<br />1,148.34
<br />0.00%
<br />0.00
<br />Pump Track Event
<br />6,100.11
<br />4,000.00
<br />2,100.11
<br />152.50%
<br />4,000.00
<br />Branding Discovery
<br />750.00
<br />750.00
<br />0.00
<br />100.00%
<br />5,000.00
<br />Jettribe Expense
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />10,000.00
<br />Eclipse Expense
<br />2,233.00
<br />0.00
<br />2,233.00
<br />0.00%
<br />0.00
<br />Steak Wars
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />10,000.00
<br />Events Promotion / Funding
<br />10,890.00
<br />11,500.00
<br />(610.00)
<br />94.7,0%
<br />60,000.00
<br />Arts Allocation
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,000.00
<br />Rent to COC
<br />3,000.00
<br />mm
<br />0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />210,637.16
<br />192„335.00
<br />18,302.16
<br />9.52%
<br />886,700.00
<br />Operating Income(Loss)
<br />32,587.72 ,
<br />20,414.00
<br />12,173.72
<br />1�59.63 %
<br />_(35;700.00)
<br />_
<br />NOT -HOT INCOME
<br />Trolley / Historical
<br />4,650.00
<br />4,650.00
<br />0.00
<br />100.00%
<br />5,000.00
<br />Tour de Paris Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />50,000.00
<br />ASA Indoor Archery Event
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,500.00
<br />TMBRA Bicycle Race
<br />730.80
<br />750.00
<br />(19.20)
<br />97.44%
<br />14,000.00
<br />Pump Track Event Income
<br />1,645.00
<br />1,000.00
<br />645.00
<br />164.50%
<br />1,000,00
<br />Prospective Event Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />50,000.00
<br />Souvenir Sales
<br />1,607.91
<br />1,700.00
<br />(92.09)
<br />94.58%
<br />4,000.00
<br />Interest Income
<br />330.25
<br />249.00
<br />81.25
<br />132.63%
<br />1,000.00
<br />Total Not -Hot Income
<br />8,963.96
<br />6,349.00
<br />614.96
<br />107.37%
<br />126,500.00
<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 />
|