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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 7 Months Ended April 30, 2025
<br />Other -Expenses
<br />Total Other Expenses 0.00 0.00 0.00 _ 0.00% 0.00
<br />Net Income (Loss) $ :m n�121.59% $ 3,500.00
<br />44 560.63 $ 36 648.26 $ 7,912.37
<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 />7 Months Ended
<br />7 Months Ended
<br />Annual
<br />Apr 30, 2025
<br />Apr 30, 2025
<br />Variance
<br />% of Budget
<br />Budget
<br />Actual
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 251,087.84
<br />$ 237,500.00
<br />$ 13,587.84
<br />105.72%
<br />$ 475,000.00
<br />R.V. Hook Up
<br />11,842.55
<br />7,000.00
<br />4,842.55
<br />169.18%
<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 />87,911.22
<br />89,800.00
<br />(1,888.78)
<br />97.90%
<br />95,000.00
<br />Refunded Deposits
<br />(7,920.00)
<br />(7,920.00)
<br />0.00
<br />100.00%
<br />(14,000.00)
<br />Tower Lighting0.00
<br />„
<br />0.00
<br />0.00
<br />mm 0.00 %
<br />400.00
<br />Total Revenue
<br />343,019.61
<br />326,480.00
<br />16,539.61
<br />105.07 %
<br />563,900.00
<br />Gross Profit
<br />343,019.61
<br />326,480.00
<br />16,539.61
<br />105.07%
<br />563,900.00
<br />OPERATING EXPENSES
<br />Sanctioned BBQ Expense
<br />8,541.99
<br />8,780.00
<br />(238.01)
<br />97.29%
<br />10,000.00
<br />Bank Service Charge
<br />1,150.72
<br />294.00
<br />856.72
<br />391.40%
<br />500.00
<br />Communications
<br />3,008.61
<br />3,500.00
<br />(491.39)
<br />95.96%
<br />6,000.00
<br />Office Expense
<br />526.12
<br />2,333.35
<br />(1,807.23)
<br />22.55%
<br />4,000.00
<br />Payroll Expenses
<br />71,457.64
<br />70,000.00
<br />1,457.64
<br />102.08%
<br />120,000.00
<br />Payroll Tax Expense
<br />5,597.79
<br />6,300.00
<br />(702.21)
<br />88.85%
<br />10,800.00
<br />Marketing/Advertising
<br />1,204.08
<br />1,218.00
<br />(13.92)
<br />98.86%
<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 />5,158.42
<br />4,083.35
<br />1,075.07
<br />126,33%
<br />7,000.00
<br />Electricity
<br />29,344.03
<br />28,000.00
<br />1,344.03
<br />104.80%
<br />48,000.00
<br />Water
<br />61913.52
<br />5,250.00
<br />1,663.52
<br />131.69%
<br />9,000.00
<br />Gas
<br />4,529.68
<br />4,428.00
<br />101.68
<br />102.30%
<br />6,000.00
<br />Trash Disposal
<br />0.00
<br />3,791.69
<br />(3,791.69)
<br />0.00%
<br />6,500.00
<br />Intown Auto Exp Allowance
<br />1,750.00
<br />1,750.00
<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 />20,992.51
<br />9,300.00
<br />11,692.51
<br />225.73%
<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 />1,000.00
<br />0.00
<br />1,000.00
<br />0.00%
<br />1,000.00
<br />Building Maint./Spls/Equip
<br />42,542.28
<br />42,800.00
<br />(257.72)
<br />99.40%
<br />115,000.00
<br />Security
<br />1,080.45
<br />2,916.69
<br />(1,836.24)
<br />37.04%
<br />5,000.00
<br />Staff Ins./Retirement
<br />5,021.49
<br />5,833.35
<br />(811.86)
<br />86.08%
<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 />2,000.00
<br />2,000.00
<br />0.00
<br />100.00%
<br />2,000.00
<br />Misc Expenses
<br />257.03
<br />250.00
<br />7.03
<br />102.81 %
<br />1,000.00
<br />Ground Maintenance
<br />6,650.00
<br />7,875.00
<br />(1,225.00)
<br />84.44%
<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 />7,320.00
<br />7,400.00
<br />(80.00)
<br />0.00%
<br />53,200.00
<br />Executive Managment Fee
<br />15,000.00
<br />_._... 15 000.00„
<br />0.00
<br />100.00%
<br />15,000.00
<br />Total Operating Expenses300,127.59
<br />292,748.43
<br />7L379.16
<br />102.51%
<br />565,400.00
<br />Operating Income (Loss)
<br />42,892.02
<br />33,731.57
<br />9,160.45
<br />127.16%
<br />(11600.00
<br />OTHER INCOME
<br />Interest Income
<br />1 „668.61
<br />2 916 69
<br />(1,248.08
<br />n
<br />57.21 /0
<br />000.00
<br />5 __ „-
<br />Total Other Income
<br />1,668.61
<br />2,916.69248.0J8
<br />57.21,%
<br />5,000.00
<br />Other -Expenses
<br />Total Other Expenses 0.00 0.00 0.00 _ 0.00% 0.00
<br />Net Income (Loss) $ :m n�121.59% $ 3,500.00
<br />44 560.63 $ 36 648.26 $ 7,912.37
<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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