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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 4 Months Ended January 31, 2024
<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 />4 Months Ended
<br />4 Months Ended
<br />Jan 31, 2024
<br />Jan 31, 2024
<br />Variance
<br />% of Budget
<br />Annual Budget
<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 />_ 1,366.66
<br />.....• _332.00
<br />1,034.66
<br />411.64 %
<br />_ mm
<br />1,000.00,
<br />.� m
<br />Total Revenue
<br />2432;_35.48
<br />_ 212,832 OD
<br />30,403.48
<br />114.29%
<br />x 1 0 0.00
<br />Operating Expenses
<br />Postage
<br />65.41
<br />65.00
<br />0.41
<br />100.63%
<br />750.00
<br />Misc Expenses
<br />211.34
<br />200.00
<br />11.34
<br />105.67%
<br />730.00
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />D 6 O Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,700.00
<br />Worker's Comp
<br />646.90
<br />1,000.00
<br />(353.10)
<br />64.69%
<br />1,000.00
<br />Staff Ins./Retirement
<br />2,240.73
<br />3,064.00
<br />(823.27)
<br />73.13%
<br />9,200.00
<br />Meetings 8 Hosting
<br />21.64
<br />500.00
<br />(478.36)
<br />4.33%
<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 />1,462.15
<br />1,380.00
<br />82.15
<br />105.95%
<br />3,000.00
<br />Intown Auto/Exp Allowance
<br />800.00
<br />1,000.00
<br />(200.00)
<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 />2,155.33
<br />2,332.00
<br />(176.67)
<br />92.42%
<br />7,000.00
<br />Payroll Expenses
<br />29,729.06
<br />29,332.00
<br />397.06
<br />101.35%
<br />86,000.00
<br />Payroll Tax Expense
<br />2,320.90
<br />2,308.00
<br />12.90
<br />100.56%
<br />6,920.00
<br />Office Expense
<br />1,168.78
<br />1,200.00
<br />(31.22)
<br />97.40%
<br />3,000.00
<br />Communications
<br />866.82
<br />1,336.00
<br />(469.18)
<br />64.88%
<br />4,000.00
<br />Historical Museum
<br />3,500.00
<br />3,500.00
<br />0.00
<br />100.00%
<br />3,500.00
<br />Bank Service Charge
<br />259.66
<br />168.00
<br />91.66
<br />154.56%
<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 />20,624.03
<br />20,000.00
<br />824.03
<br />104.12%
<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 />SDBA Boat Races
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,OOD.00
<br />TMBRA Bicycle Race Exp
<br />214.64
<br />200.00
<br />14.64
<br />107.32%
<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 />6,000.00
<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 />13,720.00
<br />14,300.00
<br />(580.00)
<br />95.94%
<br />60,000.00
<br />Arts Allocation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />Rent to COC
<br />4,000.00
<br />4,000.00
<br />_ 0.00
<br />100.00%
<br />12,000.00
<br />Total Operating Expenses
<br />_g�38.91�
<br />219,050.00
<br />_,_____18,388.91
<br />108.39%
<br />88
<br />Operating Income (Loss)
<br />796.57
<br />6,218.00)
<br />12,014.57
<br />(93.221%
<br />35,700.00�
<br />NOT -HOT INCOME
<br />Trolley / Historical'
<br />6,300.00
<br />5,000.00
<br />11300.00
<br />126.00%
<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 />4,944.80
<br />4,950.00
<br />(5.20)
<br />99.89%
<br />14,000.00
<br />Pump Track Event Income
<br />1,645.00
<br />1,000.00
<br />645.00
<br />164.50%
<br />11000.00
<br />Prospective Event Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />50,000.00
<br />Souvenir Sales
<br />1,779.86
<br />1,900.00
<br />(120.14)
<br />93.68%
<br />4,000.00
<br />Interest Income,u
<br />446.15
<br />332.00
<br />_ _ 114.15
<br />134.38%
<br />11000.00
<br />Total Not -Hot Income
<br />_ 15r116.81
<br />13,182.00
<br />1,933.81
<br />114.67%
<br />_
<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
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