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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 9 Months Ended June 30, 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 />9 Months Ended
<br />9 Months Ended
<br />Jun 30, 2024
<br />Jun 30, 2024
<br />Variance
<br />% of Budget
<br />Annual Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 349,871.93
<br />$ 318,750.00
<br />$ 31,121.93
<br />109.76%
<br />$ 425,000.00
<br />R.V. Hook Up
<br />10,403.32
<br />6,500.00
<br />3,903.32
<br />160.05%
<br />7,250.00
<br />Misc Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />850.00
<br />Rent
<br />87,641.68
<br />87,850.00
<br />(208.32)
<br />99.76%
<br />95,000.00
<br />Refunded Deposits
<br />(14,130.00)
<br />(12,158.00)
<br />(1,972.00)
<br />116.22 %
<br />(14,000.00)
<br />Tower Lighting
<br />_ 200.00
<br />..._.........�. m.200.00 .
<br />.... ...............................0.„.00100..00
<br />%
<br />.� .....�_4.00..00
<br />Total Revenue
<br />433,986.93
<br />.401,142.00
<br />32,844.93
<br />108,19 %
<br />514,500.00
<br />Gross Profit
<br />433,986.93
<br />401,142.00
<br />32,844.93
<br />108.19%
<br />514,500.00
<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 />531.07
<br />377.00
<br />154.07
<br />140.87%
<br />500.00
<br />Communications
<br />3,102.43
<br />4,500.00
<br />(1,397.57)
<br />68.94%
<br />6,000.00
<br />Office Expense
<br />852.89
<br />3,750.00
<br />(2,897.11)
<br />22.74%
<br />5,000.00
<br />Payroll Expenses
<br />83,758.08
<br />96,916.00
<br />(13,157.92)
<br />86.42%
<br />129,220.00
<br />Payroll Tax Expense
<br />6,416.16
<br />7,661.25
<br />(1,245.09)
<br />83.75%
<br />10,215.00
<br />Marketing / Advertising
<br />495.00
<br />500.00
<br />(5.00)
<br />99.00%
<br />1,000.00
<br />Audit
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />4,000.00
<br />Bookkeeping
<br />5,780.59
<br />5,251.00
<br />529.59
<br />110.09%
<br />7,000.00
<br />Electricity
<br />28,436.09
<br />30,550.00
<br />(2,113.91)
<br />93.08%
<br />40,000.00
<br />Water
<br />7,775.78
<br />5,999.00
<br />1,776.78
<br />129.62 %
<br />8,000.00
<br />Gas
<br />5,295.55
<br />5,355.00
<br />(59.45)
<br />98,89%
<br />6,000.00
<br />Trash Disposal
<br />3,653.13
<br />3,751.00
<br />(97.87)
<br />97.39%
<br />5,000.00
<br />Intown Auto Exp Allowance
<br />2,250.00
<br />2,250.00
<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 />82,383.88
<br />83,400.00
<br />(1,016.12)
<br />98.78%
<br />109,000.00
<br />Security
<br />1,150.35
<br />1,170.00
<br />(19.65)
<br />98.32 %
<br />6,500.00
<br />Staff Ins./Retirement
<br />5,868.39
<br />6,846.75
<br />(978.36)
<br />85.71 %
<br />9,129.00
<br />Building Insurance
<br />0.00
<br />6,000.00
<br />(6,000.00)
<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 />5,000.00
<br />Workers Comp. Insurance
<br />581.26
<br />1,400.00
<br />(818.74)
<br />41.52%
<br />1,400.00
<br />Directors 8, Officers
<br />2,121.00
<br />2,000.00
<br />121.00
<br />0.00%
<br />2,000.00
<br />Mise Expenses
<br />364.62
<br />380.00
<br />(15.38)
<br />95.95%
<br />1,500.00
<br />Ground Maintenance
<br />7,900,00
<br />6,373.00
<br />1,527.00
<br />123.96%
<br />8,500.00
<br />Capital Improvements
<br />25448.96
<br />.....2
<br />255,,00.00
<br />_ _.. 00
<br />w 448.96
<br />101.80%
<br />82,436.00
<br />Total Operating Expenses
<br />IT�303,995.76
<br />.330,180.00(26,184.24)92.07
<br />%
<br />513,900.00
<br />Operating Income (Loss)
<br />129,991.17
<br />70,962.00
<br />._.. _ _�...._
<br />59 029.17
<br />...�_ 1...j
<br />�. 183.18 %
<br />600.00
<br />OTHER INCOME
<br />Interest Income
<br />µµµµwww 16w843.63
<br />1,873.00
<br />14,970.63
<br />_ 89929%
<br />2,500.00
<br />Total Other Income
<br />16,843.63
<br />.. 1,873.00
<br />14,970.63
<br />899,29%
<br />1,500.00
<br />Other Expenses
<br />Total Other Expenses
<br />0.00�u
<br />0.00
<br />0.00
<br />0.00%
<br />0.00
<br />(Loss)
<br />Net Income Loss
<br />$ 146,834.80
<br />$ 72,835.00
<br />73,999:80
<br />201.6
<br />,0 %
<br />$ 3„100.00
<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 />
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