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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 2 Months Ended November 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 />2 Months Ended
<br />2 Months Ended
<br />Annual
<br />Nov 30, 2024
<br />Nov 30, 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 />2,361.73
<br />2,400.00
<br />(38.27)
<br />98.41 %
<br />7,000.00
<br />Misc Income
<br />98.00
<br />100.00
<br />(2.00)
<br />98.00%
<br />500.00
<br />Rent
<br />20,649.55
<br />23,000:00
<br />(2,350.45)
<br />89.78%
<br />95,000.00
<br />Refunded Deposits
<br />(2,520.00)
<br />(2,520.00)
<br />0.00
<br />100.00%
<br />(14,000.00)
<br />Tower Lightingroa..
<br />_ 0.00
<br />0 00
<br />0.
<br />�.._.. __.. 0.00
<br />° 0.00 °
<br />..._.
<br />400.00
<br />Total Revenue
<br />,20,589.2822.980
<br />00
<br />(2,390.72
<br />89.60%
<br />563,900.00
<br />Gross Profit
<br />20,589.28
<br />22,980.00
<br />{2390.7
<br />89.60 %
<br />563,900,00
<br />OPERATING EXPENSES
<br />Sanctioned BBQ Expense
<br />651.50
<br />650.00
<br />1.50
<br />100.23%
<br />10,000.00
<br />Bank Service Charge
<br />246.47
<br />84.00
<br />162.47
<br />293.42%
<br />600.00
<br />Communications
<br />791.71
<br />1,000.00
<br />(208.29)
<br />79.17%
<br />6,000.00
<br />Office Expense
<br />347.26
<br />666.68
<br />(319.42)
<br />52.09%
<br />4,000.00
<br />Payroll Expenses
<br />19,133.19
<br />20,000.00
<br />(866,81)
<br />95.67%
<br />120,000.00
<br />Payroll Tax Expense
<br />1,452.36
<br />1,800.00
<br />(347.64)
<br />80.69%
<br />10,800.00
<br />Marketing / Advertising
<br />420.00
<br />425.00
<br />(5.00)
<br />98.82%
<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 />1,487.50
<br />1,166.68
<br />320.82
<br />127.50%
<br />7,000.00
<br />Electricity
<br />5,486.18
<br />8,000.00
<br />(2,513,82)
<br />68.58%
<br />48,000,00
<br />Water
<br />3,886.65
<br />1,500.00
<br />2,386.65
<br />259.11 %
<br />9,000.00
<br />Gas
<br />281.88
<br />278.00
<br />3.88
<br />101.40%
<br />6,000.00
<br />Trash Disposal
<br />0.00
<br />1,083.34
<br />(1,083.34)
<br />0.00%
<br />6,500.00
<br />Intown Auto Exp Allowance
<br />500.00
<br />500.00
<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 />35,000.00
<br />35,000.00
<br />0.00
<br />100.00%
<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 />8,988.50
<br />9,000.00
<br />(11.50)
<br />99.87%
<br />115,000.00
<br />Security
<br />117.90
<br />833.34
<br />(715.44)
<br />14.15%
<br />5,000.00
<br />Staff Ins./Retirement
<br />937.33
<br />1,666.68
<br />(729.35)
<br />56.24%
<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 />209.93
<br />200.00
<br />9.03
<br />104.97%
<br />1,000.00
<br />Ground Maintenance
<br />1,260.00
<br />2,250.00
<br />(990.00)
<br />56.00%
<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
<br />0
<br />072
<br />0.00
<br />100.00%
<br />.15,000.00
<br />Operating Expenses
<br />115,797.64
<br />720,748.00.00
<br />(4,951.0
<br />95.90%
<br />_565,400.00
<br />Operating Income (Loss)
<br />____95,208.3�6
<br />(97,768.72)
<br />2,560.36
<br />97.38%
<br />(1,500.00
<br />OTHER INCOME
<br />Interest Income
<br />.
<br />...___.....�. 255.54
<br />, 83334
<br />577.80
<br />(.7.80)
<br />30.66%
<br />3
<br />5,000.00
<br />......
<br />Total Other Income
<br />mm 255.54
<br />833.34
<br />(577.80
<br />30.66%
<br />5,000.00
<br />Other Expenses
<br />Total Other Expenses
<br />_ 0.00
<br />0.00
<br />0.00
<br />0.00%
<br />0,00
<br />Net Income (Loss)$
<br />94,952 82�
<br />$ 96,9mm�
<br />1,982.56
<br />97.95%
<br />$ 3;500.00
<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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