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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 3 Months Ended December 31, 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 />3 Months Ended
<br />3 Months Ended
<br />Dec 31, 2024
<br />Dec 31, 2024
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 275,534.30
<br />$ 237,500.00
<br />$ 38,034.30
<br />0.00% $
<br />950,000.00
<br />Not Money Interest
<br />35.58
<br />_.., 937.50(901.92
<br />3.80 %
<br />3,750 00
<br />Total Revenue
<br />275,569.88
<br />238,437.50
<br />37,132.38
<br />115.57%953,750.00
<br />Oneratina Exaenses
<br />Executive Management Fee
<br />15,000.00
<br />15,000.00
<br />0.00
<br />100.00%
<br />15,000.00
<br />Postage
<br />38.34
<br />40.00
<br />(1.66)
<br />96.85%
<br />500.00
<br />Misc Expenses
<br />92.48
<br />95.00
<br />(2.52)
<br />97.35%
<br />850.00
<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 />441.43
<br />450.00
<br />(8.57)
<br />98.10%
<br />1,000.00
<br />Staff Ins,/Retirement
<br />2,395.07
<br />3,063.51
<br />(668.44)
<br />78.18%
<br />12,254.00
<br />Meetings & Hosting
<br />269.67
<br />270.00
<br />(0.33)
<br />99.88%
<br />500.00
<br />Chamber Management
<br />12,500.00
<br />12,500.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Out of Town Travel
<br />152.76
<br />150.00
<br />2.76
<br />101.84%
<br />4,000.00
<br />lntown Auto/Exp Allowance
<br />600.00
<br />750.00
<br />(150.00)
<br />80.00%
<br />3,000.00
<br />Membership Dues/Sub.
<br />250.00
<br />250.00
<br />0.00
<br />100.00%
<br />6,800.00
<br />Audit/Tax
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,000.00
<br />Bookkeeping
<br />2,090.83
<br />1,750.02
<br />340.81
<br />119.47%
<br />7,000.00
<br />Payroll Expenses
<br />24,842.80
<br />22,725.00
<br />2,117.80
<br />109.32%
<br />90,903.00
<br />Payroll Tax Expense
<br />1,884.99
<br />2,250.27
<br />(365.28)
<br />83.77%
<br />9,001.00
<br />Office Expense
<br />5.85
<br />750.00
<br />(744.15)
<br />0.78%
<br />3,000.00
<br />Communications
<br />378.89
<br />875.01
<br />(496.12)
<br />43.30%
<br />3,500.00
<br />Historical Museum
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />3,500.00
<br />Bank Service Charge
<br />155.18
<br />123.00
<br />32.18
<br />126.16%
<br />500.00
<br />Motel Tax Transferred to LCC
<br />137,767.15
<br />118,750.00
<br />19,017.15
<br />116.01 %
<br />475,000.00
<br />Marketing /Advertising
<br />16,390.90
<br />5,300.00
<br />11,090.90
<br />309.26%
<br />95,000.00
<br />Chaparral Square Dancers
<br />55.05
<br />50.00
<br />5.05
<br />110.10%
<br />2,100.00
<br />Tour de Paris Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />32,000.00
<br />Lamar Co Days in Austin Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,992.00
<br />ASA
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />13,000.00
<br />SDBA Boat Races
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />9,000.00
<br />TMBRA Bicycle Race Exp
<br />50.00
<br />0.00
<br />50.00
<br />0.00%
<br />14,000.00
<br />Jettribe Expense
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />10,000.00
<br />Steak Wars
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />Prospective Event Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />50,000.00
<br />Kayak Adventure Exp
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />10,000.00
<br />Events Promotion / Funding
<br />8,850.00
<br />8,900.00
<br />(50.00)
<br />99.44%
<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 />Pump Track
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,500.00
<br />Rent to COC
<br />4,800.00
<br />3 600.00
<br />1 2.00.00
<br />-- , e
<br />133.33%
<br />14,400.00
<br />Total Operating Expenses
<br />236,011.39
<br />204,641.81
<br />31,369.58
<br />115.33 % __1,023,000.00
<br />Operating Income (Loss)39,558.49
<br />33„795.69
<br />_... 5,762.80
<br />117.05%
<br />_(69,250.00
<br />NOT -HOT INCOME
<br />Trolley / Historical
<br />2,425.00
<br />2,425.00
<br />0.00
<br />100.00%
<br />6,000.00
<br />Tour de Paris Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />50,000.00
<br />TMBRA Bicycle Race
<br />0.00
<br />50.00
<br />(50.00)
<br />0.00%
<br />14,000.00
<br />Pump Track Event Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<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 />706.93
<br />705.00
<br />1.93
<br />100.27%
<br />4,000.00
<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
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