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Love Civic Center
<br />Budget to Actual; Year -to -Date
<br />Modified Cash Basis
<br />For the 6 Months Ended March 31, 2024
<br />Total Other Expenses _ ., 0.00 0.00 0.00 0.00% 0.00
<br />Net Income (Loss) $ 49,43255 $ ._, 13,915.00 $ mm 35,,,517.55 365.25% $ 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 />6 Months Ended
<br />6 Months Ended
<br />Mar 31, 2024
<br />Mar 31, 2024
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 233,530.07
<br />$ 212,500.00 $
<br />21,030.07
<br />109-90%
<br />$ 425,000.00
<br />R.V. Hook Up
<br />51797.51
<br />5,750.00
<br />47.51
<br />100.83%
<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 />59,228.71
<br />59,200.00
<br />28.71
<br />100.05%
<br />95,000.00
<br />Refunded Deposits
<br />(10,600.00)
<br />(10,800.00)
<br />200.00
<br />98.15%
<br />(14,000.00)
<br />Tower Lighting
<br />200.00
<br />200.00
<br />�0.000
<br />100.00 %
<br />. 400.00
<br />Total Revenue,
<br />_____166,850.00 2611850.00
<br />21,306.29
<br />107-98%
<br />514,250.00
<br />Gross Profit
<br />2881 6.29
<br />_ 5
<br />266,850.00
<br />%21,306.29 107.98
<br />514,250.00
<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 />338.36
<br />252.00
<br />86.36
<br />134.27%
<br />500.00
<br />Communications
<br />1,769.30
<br />3,000.00
<br />(1,230.70)
<br />58.98%
<br />6,000.00
<br />Office Expense
<br />416.76
<br />2,502.00
<br />(2,085.24)
<br />16.66%
<br />5,000,00
<br />Payroll Expenses
<br />56,678.53
<br />64,612.00
<br />(7,933.47)
<br />87.72%
<br />129,220.00
<br />Payroll Tax Expense
<br />4,343.48
<br />5,107.50
<br />(764.02)
<br />85.04%
<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 />3,753.50
<br />3,562.00
<br />251.50
<br />107.18%
<br />7,000.00
<br />Electricity
<br />20,908.33
<br />21,100.00
<br />(191.67)
<br />99.09%
<br />40,000.00
<br />Water
<br />5,842.13
<br />3,998.00
<br />1,844.13
<br />146.13%
<br />8,000.00
<br />Gas
<br />4,723.52
<br />4,675.00
<br />48.52
<br />101.04%
<br />6,000.00
<br />Trash Disposal
<br />1,959.85
<br />2,502.00
<br />(542.15)
<br />78.33%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />1,500.00
<br />1,500.00
<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 />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 />Elffel 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 />68,170.51
<br />67,800.00
<br />370.51
<br />100.55%
<br />100,000.00
<br />Security
<br />973.50
<br />990.00
<br />(16.50)
<br />98.33%
<br />6,500.00
<br />Staff Ins./Retirement
<br />3,921.52
<br />4,564.50
<br />(642.98)
<br />85.91 %
<br />9,129.00
<br />Building Insurance
<br />5,663.00
<br />6,000.00
<br />(337.00)
<br />94.38%
<br />6,000.00
<br />General Liability
<br />4,080.53
<br />5,000.00
<br />(919.47)
<br />61.61 %
<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 />311.86
<br />330.00
<br />(18.14)
<br />94.60%
<br />1,500.00
<br />Ground Maintenance
<br />4,510.00
<br />4,248.00
<br />262.00
<br />106.17%
<br />8,500.00
<br />Capital Improvements
<br />8,9696
<br />_2,436.00
<br />25 000.00 ,
<br />2��.
<br />448.96
<br />_ ° 101.80 °%
<br />b
<br />Total Operating Expenses
<br />241991
<br />1.40
<br />2541183.00
<br />12,191.60
<br />95.20%
<br />_ 513,900.00
<br />Operating Income (Loss)
<br />46,164.89
<br />12,667.00
<br />33,497.89
<br />364.46%
<br />350.00
<br />OTHER INCOME
<br />Interest, Income
<br />3,267.66
<br />1,248.00 _
<br />2,019.66
<br />261.83%
<br />2,500.00
<br />Total Other Income
<br />ww.. 3,267.66
<br />__1,248.00
<br />2,019.66
<br />261.83%
<br />2 500.00
<br />Other Expenses
<br />Total Other Expenses _ ., 0.00 0.00 0.00 0.00% 0.00
<br />Net Income (Loss) $ 49,43255 $ ._, 13,915.00 $ mm 35,,,517.55 365.25% $ 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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