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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 5 Months Ended February 29, 2024
<br />5 Months Ended 5 Months Ended
<br />Feb 29, 2024 Feb 29, 2024 Variance % of Budget Annual Budget
<br />Actual Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax $ 467,060.14 $ 425,000.00 $ 42,060.14 109.90% $ 850,000.00
<br />Hot Money Interest 1,,372.86 415.00,
<br />957.86 330;81 % m1 =0.00
<br />Total Revenue
<br />4668 433.00
<br />25L415.00
<br />43 018.00
<br />110.11 %
<br />851 N000.00
<br />Operating Expenses
<br />Postage
<br />229.47
<br />225.00
<br />4.47
<br />101.99%
<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 & 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 />54.69%
<br />1,000.00
<br />Staff Ins./Retirement
<br />2,821.17
<br />3,831.00
<br />(1,009.83)
<br />73.64%
<br />9,200.00
<br />Meetings & Hosting
<br />21.64
<br />500.00
<br />(478.36)
<br />4.33%
<br />500.00
<br />Chamber Management
<br />25,000.00
<br />25,000.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Out of Town Travel
<br />442,15
<br />360.00
<br />82.15
<br />122.82%
<br />3,000.00
<br />Intown Auto/Exp Allowance
<br />1,000.00
<br />1,250.00
<br />(250.00)
<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 />2,984.33
<br />2,915.00
<br />69.33
<br />102.38%
<br />7,000.00
<br />Payroll Expenses
<br />36,725.34
<br />36,665.00
<br />60.34
<br />100.16%
<br />88,000.00
<br />Payroll Tax Expense
<br />2,909.00
<br />2,885.00
<br />24.00
<br />10D.83 %
<br />6,920.00
<br />Offibe Expense
<br />1,347.58
<br />1,375.00
<br />(27.42)
<br />98.01 %
<br />3,000.00
<br />Communications
<br />1,050.61
<br />1,669.00
<br />(618.39)
<br />62.95%
<br />4,000.00
<br />Historical Museum
<br />3,500.00
<br />3,500.00
<br />0.00
<br />1013.00 %
<br />3,500.00
<br />Bank Service Charge
<br />306.72
<br />210.00
<br />96.72
<br />146.06%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />233,530.07
<br />212,500.00
<br />21,030.07
<br />109.90%
<br />425,000.00
<br />Marketing / Advertising
<br />24,952.18
<br />24,100.00
<br />852.18
<br />103.64%
<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 />7,000.00
<br />TMBRA tigcle Race Exp
<br />4,647.56
<br />4,700.00
<br />(52.44)
<br />98.88%
<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 />Jettdbe 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 />14,845.00
<br />15,425.00
<br />(580.00)
<br />96.24%
<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 />u 5,000 00
<br />5,000..00
<br />0.00
<br />100.00%
<br />12,,000.00
<br />Total Operating Expenses
<br />361,968.17
<br />357, 725.00
<br />24,243.17
<br />106.78%
<br />886,700.00
<br />Operating Income (Loss)
<br />86,464.83
<br />67,690.00
<br />18 774.83
<br />127.74% 35 700.00
<br />NOT -HOT INCOME
<br />Trolley / Historical
<br />7,470.37
<br />5,000.00
<br />2,470.37
<br />149.41 %
<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 />14,122.80
<br />14,000.00
<br />122.80
<br />100.88%
<br />14,000.00
<br />Pump Track Event Income
<br />1,645.00
<br />1,000.00
<br />645.00
<br />164.50%
<br />1,000.00
<br />Prospective Event Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />50,000.00
<br />Souvenir Sales
<br />2,401.20
<br />2,525.00
<br />(123.80)
<br />95.10%
<br />4,000.00
<br />Interest Income
<br />_ ..,__., 577.57
<br />415.00
<br />_ 162,57
<br />139.17%
<br />_1 0 ,00.00
<br />Total Not -Hot Income
<br />__28 216.94
<br />22„940.00
<br />3 76.94 _...
<br />114.28%
<br />126,500.00
<br />Financial statement preparation service provided by Malnory, McNeal 8c 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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