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Love Civic Center
<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 />Annual
<br />Dec 31, 2024
<br />Dec 31, 2024
<br />Variance
<br />% of Budget
<br />Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 137,767.15
<br />$ 118,750.00
<br />$ 19,017.15
<br />116.01 %
<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 />32,592.52
<br />35,000.00
<br />(2,407.48)
<br />93.12%
<br />95,000.00
<br />Refunded Deposits
<br />(3,920.00)
<br />(3,920.00)
<br />0.00
<br />100.00%
<br />(14,000.00)
<br />Tower Lighting0.00
<br />......._ ...w
<br />_............ 0.00
<br />... 0.00
<br />0.00%
<br />_..mmmm 400.00
<br />Total Revenue
<br />168,899.40
<br />152,330.0016,569.40
<br />110.88%
<br />563,900.00
<br />Gross Profit168,899.40
<br />152,330.00
<br />16,569.40
<br />110.88%
<br />563,900.00
<br />OPERATING EXPENSES
<br />Sanctioned BBQ Expense
<br />8,410.75
<br />8,650.00
<br />(239.25)
<br />97.23%
<br />10,000.00
<br />Bank Service Charge
<br />422.24
<br />126.00
<br />296.24
<br />335.11 %
<br />500.00
<br />Communications
<br />998.10
<br />1,500.00
<br />(501.90)
<br />66.54%
<br />6,000.00
<br />Office Expense
<br />363.86
<br />1,000.02
<br />(636.16)
<br />36.39%
<br />4,000.00
<br />Payroll Expenses
<br />32,092.67
<br />30,000.00
<br />2,092.67
<br />106.98%
<br />120,000.00
<br />Payroll Tax Expense
<br />2,438.76
<br />2,700.00
<br />(261.24)
<br />90.32%
<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 />2,090.83
<br />1,750.02
<br />340.81
<br />119.47%
<br />7,000.00
<br />Electricity
<br />13,288.71
<br />12,000.00
<br />1,288.71
<br />110.74%
<br />48,000.00
<br />Water
<br />3,886.65
<br />2,250.00
<br />1,636.65
<br />172.74%
<br />9,000.00
<br />Gas
<br />595.68
<br />578.00
<br />17.68
<br />103.06%
<br />6,000.00
<br />Trash Disposal
<br />0.00
<br />1,625.01
<br />(1,625.01)
<br />0.00%
<br />6,500.00
<br />Intown Auto Exp Allowance
<br />750.00
<br />750.00
<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./Spis/Equip
<br />11,740.52
<br />11,800.00
<br />(59.48)
<br />99.50%
<br />115,000.00
<br />Security
<br />176.85
<br />1,250.01
<br />(1,073.16)
<br />14.15%
<br />5,000.00
<br />Staff Ins./Retirement
<br />2,588.32
<br />2,500.02
<br />88.30
<br />103.53%
<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 />4,481.95
<br />5,000.00
<br />(518.05)
<br />89.64%
<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 />9.93
<br />104.97%
<br />1,000.00
<br />Ground Maintenance
<br />4,268.00
<br />3,375.00
<br />893.00
<br />126.46%
<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 />.r._ .........157 024
<br />100.00 %
<br />__
<br />15 000.00
<br />_,.-�.
<br />Total Operating Expenses
<br />158 823.00.
<br />, _ OS
<br />1 699.02
<br />101.08 °%
<br />565,400.00
<br />Operating Income (Loss)
<br />10,076.304,794.08
<br />14,870.38
<br />0.18%
<br />(1,500.00)
<br />OTHER INCOME
<br />Interest Income,m.
<br />773.97
<br />.,61.92%
<br />1,250.01
<br />476.04)
<br />61.
<br />5,000.00
<br />Total Other Income
<br />773.97
<br />1,250.01
<br />X476 04)fi1.92
<br />%
<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 />$ 10,850 27
<br />$ X3,544.07)
<br />$ 14,394 34306.15%
<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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