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Love Civic Center
<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 Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 120,934.41
<br />$ 106,250.00 $
<br />14,684.41
<br />113.82%
<br />$ 425,000.00
<br />R.V. Hook Up
<br />2,607.59
<br />2,600.00
<br />7.59
<br />100.29%
<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 />21,643.76
<br />21,500.00
<br />143.76
<br />100.67%
<br />95,000.00
<br />Refunded Deposits
<br />(3,800.00)
<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 />460.00
<br />Total Revenue
<br />141,385.76
<br />126 550.00
<br />14835.76
<br />11112 %
<br />514 250.00
<br />Gross Profit
<br />141 385.76
<br />126,550.00
<br />14 35.76,
<br />111.72%
<br />514260.00
<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 />149.33
<br />126.00
<br />23.33
<br />118.52%
<br />500.00
<br />Communications
<br />615.78
<br />1,500.00
<br />(884.22)
<br />41.05%
<br />6,000.00
<br />Office Expense
<br />324,49
<br />1,251.00
<br />(926.51)
<br />25.94%
<br />5,000.00
<br />Payroll Expenses
<br />29,658.41
<br />32,307.00
<br />(2,646.59)
<br />91.80%
<br />129,220.00
<br />Payroll Tax Expense
<br />2,260.85
<br />2,553.75
<br />(292.90)
<br />88.53%
<br />10,215.00
<br />Marketing / Advertising
<br />346.50
<br />350.00
<br />(3.50)
<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 />1,607.84
<br />1,752.00
<br />(144.16)
<br />91.77%
<br />7,000.00
<br />Electricity
<br />8,872.64
<br />9,100.00
<br />(227.36)
<br />97.50%
<br />40,000.00
<br />Water
<br />4,314.55
<br />1,998.00
<br />2,316.55
<br />215.94%
<br />8,000.00
<br />Gas
<br />1,224.69
<br />1,225.00
<br />(0.31)
<br />99.97%
<br />6,000.00
<br />Trash Disposal
<br />1,175.91
<br />1,251.00
<br />(75.09)
<br />94.00%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />750.00
<br />750.00
<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 />903 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./Spls/Equip
<br />53,348.34
<br />52,600.00
<br />748.34
<br />101.42%
<br />100,000.00
<br />Security
<br />176.85
<br />180.00
<br />(3.15)
<br />98.25%
<br />6,500.00
<br />Staff Ins./Retirement
<br />1,884.80
<br />2,282.25
<br />(397.45)
<br />82.59%
<br />9,129.00
<br />Building Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />6,000.00
<br />General Liability
<br />4,080.53
<br />5,000.00
<br />(919.47)
<br />81.61 %
<br />5,600.00
<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 />272.38
<br />290.00
<br />(17,62)
<br />93.92%
<br />1,500.00
<br />Ground Maintenance
<br />3.260.00
<br />2,124.00
<br />1,136.00
<br />153.48%
<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 />__ 166E104.11
<br />168,790.00
<br />2 6,)
<br />98.41%
<br />513,900.00
<br />Operating Income (Loss)
<br />24,718.35
<br />J42,240.00
<br />17,521.65
<br />5852 %
<br />350.00
<br />OTHER INCOME
<br />Interest Income
<br />1,022.02
<br />624.00
<br />398.02
<br />163.79%
<br />mmm 2500.00
<br />Total Other Income
<br />1,022.02
<br />624.00
<br />398.02
<br />163.79%
<br />2500.00
<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 />$(..23 69, 6.33)
<br />$ t41 6760
<br />17,919 67„5694
<br />%
<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
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