|
Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the Month Ended October 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 />Month Ended
<br />Month Ended
<br />Annual
<br />Oct 31, 2024
<br />Oct 31, 2024
<br />Variance
<br />% of Budget
<br />Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 0.00
<br />$ 0.00
<br />$ 0.00
<br />0.00%
<br />$ 475,000.00
<br />R.V. Hook Up
<br />1,979.85
<br />2,000.00
<br />(20.15)
<br />98.99%
<br />7,000.00
<br />Misc Income
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />500.00
<br />Rent
<br />12,324.55
<br />12,500.00
<br />(175.45)
<br />98.60%
<br />95,000.00
<br />Refunded Deposits
<br />(320.00)
<br />(320.00)
<br />0.00
<br />100.00%
<br />(14,000.00)
<br />Tower Lighting
<br />0.00
<br />__.... 0.00
<br />0.00
<br />0.00%
<br />400.00
<br />Total Revenue
<br />13,984.40
<br />14,180.00
<br />(195.60'
<br />98.62%
<br />563,900.00
<br />Gross Profit
<br />13,984.40
<br />_ 14,180.00
<br />1 95.60)
<br />98.62%
<br />563,900.00
<br />OPERATING EXPENSES
<br />Sanctioned BBQ Expense
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />10,000.00
<br />Bank Service Charge
<br />64.68
<br />42.00
<br />22.68
<br />154.00%
<br />500.00
<br />Communications
<br />433.81
<br />500.00
<br />(66.19)
<br />86.76%
<br />6,000.00
<br />Office Expense
<br />0.00
<br />333.34
<br />(333.34)
<br />0.00%
<br />4,000.00
<br />Payroll Expenses
<br />9,749.90
<br />10,000.00
<br />(250.10)
<br />97.60%
<br />120,000.00
<br />Payroll Tax Expense
<br />740.19
<br />900.00
<br />(159.81)
<br />82.24%
<br />10,800.00
<br />Marketing / Advertising
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />10,000.00
<br />Audit/Tax
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />4,000.00
<br />Bookkeeping
<br />704.17
<br />583.34
<br />120.83
<br />120.71 %
<br />7,000.00
<br />Electricity
<br />4,584.36
<br />4,000.00
<br />584.36
<br />114.61 %
<br />48,000.00
<br />Water
<br />1,613.04
<br />750.00
<br />863.04
<br />215.07%
<br />9,000.00
<br />Gas
<br />128.80
<br />128.00
<br />0.80
<br />100.63%
<br />6,000.00
<br />Trash Disposal
<br />0.00
<br />541.67
<br />(541.67)
<br />0.00%
<br />6,500.00
<br />Intown Auto Exp Allowance
<br />250.00
<br />250.00
<br />0.00
<br />100.00%
<br />3,000.00
<br />Small Equipment
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />1,000.00
<br />903 Concert Series
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />30,000.00
<br />Chamber Management
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />35,000.00
<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 />3,048.31
<br />3,000.00
<br />48.31
<br />101.61 %
<br />115,000.00
<br />Security
<br />58.95
<br />416.67
<br />(357.72)
<br />14.15 %
<br />5,000.00
<br />Staff IRs./Retirement
<br />668.03
<br />833.34
<br />(165.31)
<br />80.16%
<br />10,000.00
<br />Building Insurance
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />7,500.00
<br />General Liability
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />5,000.00
<br />Workers Comp. Insurance
<br />441.43
<br />445.00
<br />(3.57)
<br />99.20%
<br />1,400.00
<br />Directors & Officers
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />2,000.00
<br />Misc Expenses
<br />46.95
<br />50.00
<br />(3.05)
<br />93.90%
<br />1,000.00
<br />Ground Maintenance
<br />640.00
<br />1,125.00
<br />(485.00)
<br />56.89%
<br />13,500.00
<br />Furniture & Fixtures
<br />19,157,85
<br />19,200.00
<br />(42.15)
<br />99.78%
<br />25,000.00
<br />Capital Improvements
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />53,200.00
<br />Executive Managment Fee
<br />..�.. 15,000.00
<br />.....15 000.00
<br />w.. �.... 0.00
<br />°
<br />. _.. °
<br />..._._
<br />5,000.00
<br />....�
<br />Total Operating Expenses
<br />57,330.47
<br />58,098.36
<br />_ 7,( 67.89
<br />98.68%
<br />565,400.00
<br />Operating Income (Loss)
<br />43,346.07'
<br />(_
<br />43 918.36
<br />,)
<br />572.29
<br />98.70 /°
<br />_ °
<br />(1,500.00)
<br />OTHER INCOME
<br />Interest Income
<br />134.77
<br />� .416.67
<br />__(?81
<br />32.34 /°°
<br />5,0 0.00
<br />Total Other Income
<br />134.77
<br />416.67
<br />(281.90)
<br />32.34%
<br />5,000.00
<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
<br />
|