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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 2 Months Ended November 30, 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 />2 Months Ended
<br />2 Months Ended
<br />Nov 30, 2023
<br />Nov 30, 2023
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 0.00
<br />$ 0.00 $
<br />0.00
<br />0.00% $
<br />425,000.00
<br />R.V. Hook Up
<br />1,350.63
<br />1,300.00
<br />50.53
<br />103.89%
<br />7,000.00
<br />Misc Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />850.00
<br />Rent
<br />10,518.76
<br />10,500.00
<br />18.76
<br />100.18%
<br />95,000.00
<br />Refunded Deposits
<br />(3,600.00)
<br />(3,800.00)
<br />0.00
<br />100.00%
<br />(14,000.00)
<br />Tower Lighting
<br />_ 0.00
<br />0.00
<br />0.00
<br />0.00%
<br />400.00
<br />Total Revenue
<br />269.39
<br />8,200.00
<br />69,39,
<br />100.85%
<br />514,250.00
<br />Gross Profit
<br />826939
<br />8,200.00
<br />69.39
<br />100.85%
<br />514250.00
<br />OPERATING EXPENSES
<br />Branding/'Marketing Exp
<br />750.00
<br />750.00
<br />0.00
<br />100.00%
<br />5,000.00
<br />Bank Service Charge
<br />120.28
<br />84.00
<br />36.28
<br />143.19%
<br />500.00
<br />Communications
<br />388.47
<br />1,000.00
<br />(611.53)
<br />38.86%
<br />6,000.00
<br />Office Expense
<br />324.49
<br />834.00
<br />(509.51)
<br />38.91 %
<br />5,000.00
<br />Payroll Expenses
<br />17,969.32
<br />21,538.00
<br />(3,568.68)
<br />83.43%
<br />129,220.00
<br />PayrollTaX'Expense
<br />1,370.24
<br />1,702.50
<br />(332.26)
<br />80.48%
<br />10,215.00
<br />Marketing / Advertising
<br />247.50
<br />250.00
<br />(2.50)
<br />99.00%
<br />10,000.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />4,000.00
<br />Bookkeeping
<br />1,051.34
<br />1,168.00
<br />(116.66)
<br />90.01 °%
<br />7,000.00
<br />Electricity
<br />5,327.39
<br />5,600.00
<br />(272.61)
<br />95.13%
<br />40,000.00
<br />Water
<br />3,556.18
<br />1,332.00
<br />2,224.18
<br />266.98%
<br />8,000.00
<br />Gas
<br />423.02
<br />425.00
<br />(1.98)
<br />99.53%
<br />6,000.00
<br />Trash Disposal
<br />783.94
<br />834.00
<br />(50.06)
<br />94.00%
<br />5,000.00
<br />lntown Auto Exp Allowanoe
<br />500.00
<br />500.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Out of Town Travel
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,500.00
<br />9b3 Concert Series
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />25,000.00
<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./Spas/Equip
<br />47,050.41
<br />46,300.00
<br />750.41
<br />101.62'%
<br />100,000.00
<br />Security
<br />117.90
<br />120.00
<br />(2.10)
<br />98.25%
<br />6,500.00
<br />Staff Ins./Retirement
<br />1,245.38
<br />1,521.50
<br />(276.12)
<br />81.85%
<br />9,129.00
<br />Building Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0100%
<br />6,000.00
<br />General'Liability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />Workers Comp. Insurance
<br />581.26
<br />1,400.00
<br />(818.74)
<br />41.52%
<br />1,400.00
<br />Directors & Officers
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Misc Expenses
<br />232.48
<br />250.00
<br />(17.52)
<br />92.99%
<br />1,500.00
<br />Ground Maintenance
<br />2,640.00
<br />1,416.00
<br />1,224.00
<br />186.44%
<br />8,500.00
<br />Capital Improvements
<br />25,448.96
<br />25,000.00
<br />448.96
<br />101.80 % _
<br />82,436.00
<br />Total Operating Expenses
<br />135 128.56
<br />137,025.00
<br />1,896.44
<br />.62%
<br />513,900,00
<br />O Aerating Income (Loss)
<br />i 126,859.17)
<br />128 825.00 _
<br />( s
<br />965.83
<br />1,__
<br />98.47%
<br />350.00
<br />OTHER INCOME
<br />Interest Income
<br />48
<br />.3
<br />416.00
<br />416.48
<br />200.12%
<br />2 500:00
<br />Total Other Income
<br />832.48
<br />416.00
<br />416.48
<br />200.12%
<br />2 600.00
<br />Other Expenses
<br />Total Other Expenses
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />0.00
<br />Net Income (Loss)
<br />S „ 126W02„6.69
<br />y � 1221B 409.00 5
<br />2 382.31
<br />98.14% $
<br />285000
<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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