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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 6 Months Ended March 31, 2024
<br />6 Months Ended 6 Months Ended
<br />Mar 31, 2024 Mar 31, 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 498.00_ 888.20 278.35 % . ---i-.9-0-0-00,
<br />Total Revenue
<br />468L446.34
<br />X00
<br />42,948.34
<br />110.090 %
<br />851,000.00
<br />Operating Expenses
<br />Postage
<br />229.47
<br />225.00
<br />4.47
<br />101.99%
<br />750.00
<br />Misc Expenses
<br />774.66
<br />730.00
<br />44.66
<br />106.12%
<br />730.00
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />D & 0 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 />3,387.59
<br />4,598.00
<br />(1,210.41)
<br />73.68%
<br />9,200.00
<br />Meetings & Hosting
<br />21.54
<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 />1 360.00
<br />82.15
<br />122.82%
<br />3,000.00
<br />Intown Auto/Exp Allowance
<br />1,200.00
<br />1,500.01)
<br />(300.00)
<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 />3,753.50
<br />3,498.00
<br />255.50
<br />107.30%
<br />7,000.00
<br />Payroll Expenses
<br />43,721.62
<br />43,998.00
<br />(276.38)
<br />99.37%
<br />88,000.00
<br />Payroll Tax Expense
<br />3,457.14
<br />3,462.00
<br />(4.86)
<br />99.86%
<br />6,920.00
<br />Office Expense
<br />1,402.83
<br />1,425.00
<br />(22.17)
<br />98.44%
<br />3,000.00
<br />Communications
<br />1,050.61
<br />2,002.00
<br />(951.39)
<br />52.48%
<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 />364.77
<br />252.00
<br />112.77
<br />144.75%
<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 />25,877.18
<br />25,025.00
<br />852.18
<br />103.41 %
<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 Bicycle Race Exp
<br />4,441.86
<br />4,700.00
<br />(258.14)
<br />94.51 %
<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 />6,414.79
<br />4,300.00
<br />2,114.79
<br />149.18%
<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 />3,596.57
<br />0.00
<br />3,596.57
<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 />33,815.00
<br />34,925.00
<br />(1,110.00)
<br />96.82%
<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
<br />q 0
<br />6,000.00
<br />0.00
<br />100.00 %
<br />12,000.00
<br />.....
<br />Total Operating Expenses
<br />... ....... 414,2.
<br />389,915.00 ,
<br />24,177.35
<br />106.20%
<br />886,700.00
<br />Operating Income (Loss)
<br />- 54353.99
<br />35,583.00
<br />18 770.99
<br />162.76% 3SPo700.00
<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 />5,607.19
<br />5,600.00
<br />7.19
<br />100.13%
<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 />3,662.62
<br />3,725.00
<br />(62.38)
<br />98.33%
<br />4,000.00
<br />Interest Income
<br />725.42
<br />498.00
<br />227.42
<br />145.67%
<br />X000,00
<br />Total Not -Hot Income
<br />33,233.40
<br />29,823.00
<br />3,410.40k
<br />111.44, %
<br />_ 126,500.00
<br />Financial statement preparation service provided by Mainory, 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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