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Love Civic Center
<br />Budget to Actual, Current Month and Prior Year Period
<br />Modified Cash Basis
<br />For the 1 Month Ended May 31, 2024 and 2023 and 8 Months Ended May 31, 2023
<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 />1 Month Ended
<br />1 Month Ended
<br />1 Month Ended
<br />8 Months Ended
<br />May 31, 2024
<br />May 31, 2024
<br />May 31, 2023
<br />May 31, 2023
<br />Actual
<br />Budget
<br />Actual
<br />Acutal
<br />Revenue
<br />Catering
<br />0.00
<br />0.00
<br />0.00
<br />250.00
<br />Motel Tax
<br />116,341.86
<br />106,250.00
<br />106,131.73
<br />333,662.51
<br />R.V. Hook Up
<br />1,677.93
<br />250.00
<br />2,053.52
<br />6,556.23
<br />Misc Income
<br />0.00
<br />0.00
<br />0.00
<br />100.00
<br />Rent
<br />5,326.98
<br />5,300.00
<br />11,110.00
<br />88,530.99
<br />Refunded Deposits
<br />(2,000.00)
<br />(614.00)
<br />(1,800.00)
<br />(11,256.00)
<br />Tower Lighting
<br />0.00
<br />0.00.
<br />0.00mmmmmITIT
<br />100.00
<br />Total Revenue
<br />121,346.77
<br />111x186 00
<br />117,495.25
<br />s_ �
<br />417943.73
<br />,
<br />_m m_ „
<br />Operating Expenses
<br />Bank Service Charge
<br />68.83
<br />42.00
<br />261.20
<br />365.05
<br />Communications
<br />573.36
<br />500.00
<br />384.49
<br />3,386.83
<br />Office Expense
<br />354.13
<br />416.00
<br />274.18
<br />1,063.29
<br />Payroll Expenses
<br />9,388.93
<br />10,768.00
<br />8,376.94
<br />77,730.73
<br />Payroll Tax Expense
<br />720.68
<br />851.25
<br />638.38
<br />5,970.07
<br />Marketing / Advertising
<br />99.00
<br />100.00
<br />3,625.00
<br />4,715.99
<br />Bookkeeping
<br />797.91
<br />583.60
<br />956.75
<br />4,652.59
<br />Electricity
<br />3,957.43
<br />3,150.00
<br />2,659.81
<br />23,029.53
<br />Water
<br />545.68
<br />667.00
<br />362.62
<br />6,655150
<br />Gas
<br />166.37
<br />215.00
<br />0.00
<br />4,989.00
<br />Trash Disposal
<br />846.64
<br />416.00
<br />340.86
<br />2,386.02
<br />Intowri Auto Exp Allowance
<br />250.00
<br />250.00
<br />250.00
<br />2,000.00
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />25,000.00
<br />Building Maint./Spls/Equip
<br />5,887.95
<br />6,000.00
<br />2,151.42
<br />46,649.18
<br />Security
<br />58.95
<br />60.00
<br />3,188.75
<br />3,830.40
<br />Staff Ins./Retirement
<br />639.42
<br />760.75
<br />713.00
<br />5,134.35
<br />Building Insurance
<br />0.00
<br />0.00
<br />11,517.16
<br />11,517.16
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />3,699.65
<br />Workers Comp. Insurance
<br />0.00
<br />0.00
<br />0.00
<br />82B.92
<br />Directors & Officers
<br />0.00
<br />0.00
<br />0.00
<br />1,559.66
<br />Misc Expenses
<br />52.76
<br />50.00
<br />165.54
<br />339.36
<br />Ground Maintenance
<br />2,750.00
<br />708.00
<br />620.00
<br />5,645.21
<br />Bicycles & Related Expenses
<br />0.00
<br />.mm... ....m. 0.00
<br />0.00
<br />787.07
<br />Total Operating Expenses
<br />27,158.04
<br />25,537.00
<br />36,486.10
<br />241,935.56
<br />Operating Income (Loss)
<br />94,188.73
<br />_IT 85,649.00
<br />___811',009.15
<br />176 008.17
<br />Other Income
<br />Interest Income
<br />347.29
<br />208.00
<br />_--_ 288.57,
<br />mm. .. 2591.80
<br />Total Other Income347.29
<br />_ 208.00
<br />288.57
<br />2,591.80
<br />Other Expenses
<br />City of Paris for Construction
<br />0.00
<br />0.00
<br />27,655 48„
<br />ITw 234„770.47
<br />Total Other Expenses
<br />0.130
<br />0.00
<br />w 27,655.48
<br />234 770.47
<br />Net Income (Loss)
<br />$ 94,535.02
<br />$ 85,857.00
<br />$ . 53,642.24
<br />m 5 170.50
<br />(,.fi. �.m..._...
<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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