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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 1 Month Ended October 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 />1 Month Ended
<br />1 Month Ended
<br />Oct 31, 2023
<br />Oct 31, 2023
<br />Variance
<br />% of Budget
<br />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 />50.63
<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 />4,518.80
<br />4,500.00
<br />18.80
<br />100.42%
<br />95,000.00
<br />Refunded Deposits
<br />(3,000.00)
<br />(3,000.00)
<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 />2,869.43
<br />_____2 800.0069.43
<br />102.48%
<br />514,250.00
<br />Gross Profit
<br />2,869.43
<br />2,800.00
<br />69.43
<br />102.48%
<br />614260.00
<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 />93.09
<br />42.00
<br />51.09
<br />221.64 %
<br />500.00
<br />Communications
<br />161.02
<br />500.00
<br />(338.98)
<br />32.20%
<br />6,000.00
<br />Office Expense
<br />0.00
<br />417.00
<br />(417.00)
<br />0.00%
<br />5,000.00
<br />Payroll Expenses
<br />8,946.58
<br />10,769.00
<br />(1,822.42)
<br />83-08%
<br />129,220.00
<br />Payroll Tax Expense
<br />684.32
<br />851.25
<br />(166.93)
<br />80.39%
<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 />450.75
<br />584.00
<br />(133.25)
<br />77.18%
<br />7,000.00
<br />Electricity
<br />607.52
<br />600.00
<br />7.52
<br />101.25%
<br />40,000.00
<br />Water
<br />1,819.85
<br />666.00
<br />1,153.85
<br />273.25%
<br />8,000.00
<br />Gas
<br />124.55
<br />125.00
<br />(0.45)
<br />99.64 °%
<br />6,000.00
<br />Trash Disposal
<br />391.97
<br />417.00
<br />(25.03)
<br />94.00%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />0.00
<br />10.0.00%
<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 />903 Concert Series
<br />0.00
<br />0.00
<br />0.00
<br />0.00.%
<br />25,000.00
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<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./5pis/Equip
<br />38,757.44
<br />38,000.00
<br />757.44
<br />101.99%
<br />100,000.00
<br />Security
<br />58.95
<br />60.00
<br />(1.05)
<br />98.25%
<br />6,500.00
<br />Staff Ins./Retirement
<br />719.80
<br />760.75
<br />(40.95)
<br />94.62%
<br />9,129:00 .
<br />Building Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />6,Ob0.00
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />Workers Comp. Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<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 />232.46
<br />250.00
<br />(17.52)
<br />92.99%
<br />1,500.00
<br />Ground Maintenance
<br />1,495.00
<br />1,500.00
<br />(5.00)
<br />99.61%
<br />8;500.00
<br />Capital Improvements
<br />p p
<br />25,446.96
<br />25,000.00
<br />448.96
<br />101.80%
<br />82,436 .00
<br />Total Operating Expenses
<br />81,239.78
<br />__8,1792.00
<br />552.22
<br />99.32%
<br />513900 '00
<br />Operating Income Loss
<br />P 9 (Loss)
<br />� 78,370.35
<br />�8 992.00
<br />_ 7' ,
<br />621.65
<br />99.91%
<br />350.00
<br />OTHER INCOME
<br />Interest Income
<br />243.57
<br />208.00 _www_
<br />35.57
<br />� 117.10%
<br />2,500.00,
<br />Total Other Income
<br />243.57
<br />208.00
<br />_ 35.57
<br />117.10%
<br />2500.00
<br />Other Expenses
<br />Total Other Expenses
<br />X0.00
<br />0.00
<br />0.00
<br />0.00%
<br />0.00
<br />Net Income (Loss)
<br />$ (78,126.78)
<br />$�78 784.00) $
<br />657.22
<br />99.17 °%
<br />$ 2,850.00
<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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