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Paris Visitor & Convention Council <br />Budget to Actual, Current Month and Prior Year Period <br />Modified Cash Basis <br />For 1 Month Ended April 30, 2024 and 2023 and 7 Months Ended April 30, 2023 <br />1 Month Ended <br />1.Month Ended <br />1 Month Ended <br />7 Months Ended <br />Apr 30, 2024 <br />Apr 30, 2024 <br />Apr 30, 2023 <br />Apr 30, 2023 <br />Actual <br />Budget <br />Actual <br />Actual <br />REVENUE <br />Hotel / Motel Occupancy Tax <br />$ 0.00 <br />$ 0.00 <br />$ 0.00 <br />$ 455,061.54 <br />Hot Money Interest <br />_10.90 <br />_ _83.00 <br />.... 565.44 <br />IT_ _ 2,673 84 <br />Total Revenue <br />10.90 <br />83.00 <br />565.44 <br />457,735.38 <br />OPERATING EXPENSES <br />Postage <br />7.09 <br />10.00 <br />11,65 <br />67.12 <br />Misc Expenses <br />35.00 <br />0.00 <br />0.00 <br />72.60 <br />D & O Insurance <br />0.00 <br />0.00 <br />0.00 <br />1,559.67 <br />Worker's Comp <br />0.00 <br />0,00 <br />0.00 <br />599.85 <br />Staff Ins./Retirement <br />566.42 <br />767.00 <br />485.14 <br />3,958.44 <br />Meetings & Hosting <br />0.00 <br />0.00 <br />0.00 <br />248.43 <br />Chamber Management <br />0.00 <br />0.00 <br />0.00 <br />25,000.00 <br />Out of Town Travel <br />0.00 <br />0.00 <br />0.00 <br />2,161.69 <br />Intown Auto/Exp Allowance <br />200.00 <br />250.00 <br />200.00 <br />1,400.00 <br />Membership Dues/Sub. <br />75,00 <br />75.00 <br />275.00 <br />2,310.00 <br />Bookkeeping <br />581.25 <br />583.00 <br />0,00 <br />3,695.83 <br />Payroll Expenses <br />7,136.52 <br />7,333.00 <br />6,722.22 <br />50,082.25 <br />Payroll Tax Expense <br />540.78 <br />577.00 <br />509.30 <br />3,879.35 <br />Office Expense <br />160.49 <br />160.OD <br />418.49 <br />1,485.36 <br />Communications <br />183.85 <br />333.00 <br />341.59 <br />2,260.63 <br />Historical Museum <br />0.00 <br />0.00 <br />0.00 <br />3,500.00 <br />Bank Service Charge <br />58.05 <br />42.00 <br />7.46 <br />59.68 <br />Motel Tax Transferred to LCC <br />0.00 <br />0.00 <br />0.00 <br />227,530.78 <br />Marketing / Advertising <br />4,000.00 <br />4,000.00 <br />2,284.50 <br />24,853.35 <br />Chaparral Square Dancers <br />0.00 <br />0.,00 <br />0.00 <br />(172.50) <br />Tour de Paris Exp <br />335.66 <br />350.00 <br />305.95 <br />480.95 <br />ASA Indoor Archery Event Exp <br />0.00 <br />0.00 <br />0.00 <br />1,478.13 <br />SDBA Boat Races <br />100.00 <br />100.00 <br />0.00 <br />0.00 <br />TMBRA Bicycle Race Exp <br />2,741.12 <br />2,700.00 <br />0.00 <br />13,524.75 <br />Red Bull Qualifier Exp <br />1,846.30 <br />0.00 <br />805.OD <br />1,566.24 <br />Branding Discovery <br />0.00 <br />0.00 <br />0.00 <br />3,083.33 <br />Events Promotion / Funding <br />10,245.00 <br />10,250.00 <br />1,637.50 <br />29,448.24 <br />Arts Allocation <br />0.00 <br />0.00 <br />0.00 <br />7,000.00 <br />Rent to COC1,000.0 <br />1,000.00 <br />0 <br />� 1,000.00 <br />0 <br />_......�. ..._....�. <br />0 <br />�m�._7,_00.00 <br />Total Operating Expenses <br />29,812 53 <br />28,530.00,y_ <br />� <br />418,134.17 <br />Operating Income (Loss) <br />(29,801 63} <br />..._ 128,447.00) <br />� (4,438.3 <br />39,601.21 <br />NOT -HOT INCOME <br />Trolley / Historical <br />150.00 <br />0.00 <br />150.00 <br />7,400.00 <br />Tour' de Paris Income <br />4,500.00 <br />4,500.00 <br />11,850.00 <br />22,515.00 <br />ASA Indoor Archery Event <br />0.00 <br />0.00 <br />0.00 <br />1,250.00 <br />TMBRA Bicycle Race <br />0.00 <br />0.00 <br />305.00 <br />17,830,00 <br />Pump Track Event Income <br />0.00 <br />0.00 <br />600.00 <br />5,600.00 <br />Souvenir Sales <br />1,156.63 <br />275.00 <br />160.54 <br />2,056.43 <br />Interest Income_ <br />..........�._._154•90 <br />..... - ..................8300 <br />178.56 <br />.7 <br />..._. 9 6.55 <br />Total Other Income <br />www6,961.63 <br />mmmm IT 4,858.00 <br />1.3 244-10 <br />57,647-98- <br />7,647.98NOT-HOT <br />NOT-HOTEXPENSES <br />Not -Hot Events <br />0.00 <br />0.00 <br />2,985.00 <br />2,985.00 <br />Credit Card Fees <br />0.00 <br />167.00 <br />221.07 <br />1,746.45 <br />Trolley Driver <br />0,00 <br />0.00 <br />0.00 <br />1,617.00 <br />Trolley Expenses <br />348.75 <br />350.00 <br />0.00 <br />1,544.18 <br />Trolley Insurance <br />186.48 <br />175.00 <br />190.65 <br />1,338.75 <br />Souvenir Exp <br />_.. mm.._ 584.44 <br />550 00 <br />_ <br />_p 0.00 <br />y 690.60 <br />Total Not -Hot Expenses <br />.._.. _,,,,,1,119.67 <br />0 <br />1,242.00 <br />mm� 3,396.72 <br />9,921.98 <br />Net Income (Loss) <br />$ (24 959.7 <br />$ X24 831 00} <br />$ _ r4 590 98} <br />$ 87 327.21 <br />Financial statement preparation service provided by Malnory, <br />McNeal & Company <br />PC, CPAs in accordance with professional <br />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 />