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Love Civic Center'
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 8 Months Ended May 31, 2025
<br />Other Expenses
<br />0.00 0.00
<br />Total Other Expenses 0.00 0.00 % 0.00
<br />.
<br />Net Income (Loss) $ 195.46% $ 3,500.00
<br />34 869.99 $ 17 839.60 $ 17,030.39
<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 />8 Months Ended
<br />8 Months Ended
<br />Annual
<br />May 31, 2025
<br />May 31, 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 />14,349.31
<br />7,000.00
<br />7,349.31
<br />204.99%
<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 />99,563.05
<br />95,000.00
<br />4,563.05
<br />104.80%
<br />95,000.00
<br />Refunded Deposits
<br />(8,120.00)
<br />(8,120.00)
<br />0.00
<br />100.00%
<br />(14,000.00)
<br />Tower Lighting
<br />0.00
<br />0.00
<br />0.00,
<br />„ _
<br />_._._ 0.00 %
<br />400.00
<br />Total Revenue356,978.20
<br />331,480.00
<br />25,498.20
<br />107.69%
<br />563,900.00_
<br />Gross Profit33,4.00__
<br />356,978 20
<br />180
<br />� _
<br />25 498.20
<br />107.69%
<br />563 900.00
<br />mm
<br />OPERATING EXPENSES
<br />Sanctioned BBQ Expense
<br />8,541.99
<br />8,780.00
<br />(236.01)
<br />97.29%
<br />10,000.00
<br />Bank Service Charge
<br />1,237.66
<br />336.00
<br />901.66
<br />368.35%
<br />500.00
<br />Communications
<br />3,443.75
<br />4,000.00
<br />(556.25)
<br />86.09%
<br />6,000.00
<br />Office Expense
<br />599.78
<br />2,666.68
<br />(2,066.90)
<br />22.49%
<br />4,000.00
<br />Payroll Expenses
<br />81,353.84
<br />80,000.00
<br />1,353.84
<br />101.69%
<br />120,000.00
<br />Payroll Tax Expense
<br />6,347.30
<br />7,200.00
<br />(852.70)
<br />88.16%
<br />10,800.00
<br />Marketing /Advertising
<br />1,449.73
<br />1,468.00
<br />(18.27)
<br />98.76%
<br />10,000.00
<br />AudWax
<br />0.00
<br />0.00
<br />0.00
<br />0.00%
<br />4,000.00
<br />Bookkeeping
<br />5,745.92
<br />4,666.68
<br />1,079.24
<br />123.13%
<br />7,000.00
<br />Electricity
<br />35,283.41
<br />32,000.00
<br />3,283.41
<br />110.26%
<br />48,000.00
<br />Water
<br />7,595.44
<br />6,000.00
<br />1,595.44
<br />126.59%
<br />9,000.00
<br />Gas
<br />4,725.83
<br />4,628.00
<br />97.83
<br />102.11 %
<br />6,000.00
<br />Trash Disposal
<br />0.00
<br />4,333.36
<br />(4,333.36)
<br />0.00%
<br />6,500.00
<br />Intown Auto Exp Allowance
<br />2,000.00
<br />2,000.00
<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 />45,956.31
<br />46,300.00
<br />(343.69)
<br />99.26%
<br />115,000.00
<br />Security
<br />1,139.40
<br />3,333.36
<br />(2,193.96)
<br />34.18%
<br />5,000.00
<br />Staff Ins./Retirement
<br />5,589.37
<br />6,666.68
<br />(1,077,31)
<br />83.84%
<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 />7,270.00
<br />9,000.00
<br />(1,730.00)
<br />80.78%
<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 />98.92 %
<br />53,200.00
<br />Executive Managment Fee__e...
<br />15,000,00
<br />15,000.00
<br />0.00
<br />0 .
<br />100.0 mm %
<br />15 000.00
<br />Total Operating Expenses
<br />323,930.50
<br />314,506.24
<br />102.19%0
<br />565,400.00
<br />Operating Income (Loss)
<br />33 047.70
<br />18,54146
<br />227.82%
<br />(1,500.00)
<br />OTHER INCOME
<br />Interest Income
<br />�_ 1,822.29
<br />3 333.36
<br />1 511.07
<br />54.67° °
<br />5 w 0
<br />Total Other Income
<br />1,822.29
<br />3,333.36
<br />1,511.07
<br />54.67 %
<br />5,000.0 0
<br />Other Expenses
<br />0.00 0.00
<br />Total Other Expenses 0.00 0.00 % 0.00
<br />.
<br />Net Income (Loss) $ 195.46% $ 3,500.00
<br />34 869.99 $ 17 839.60 $ 17,030.39
<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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