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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 9 Months Ended June 30, 2025
<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 />9 Months Ended
<br />9 Months Ended
<br />Jun 30, 2025
<br />Jun 30, 2025
<br />Variance
<br />% of Budget
<br />Annual
<br />Actual
<br />Budget
<br />Budget
<br />REVENUE
<br />Motel Tax
<br />$ 370,468.38
<br />$ 356,250.00 $
<br />14,218.38
<br />103.99%
<br />$ 475,000.00
<br />R.V. Hook Up
<br />16,439.39
<br />7,000.00
<br />9,439.39
<br />234.85%
<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 />112,088.05
<br />95,000.00
<br />17,088.05
<br />117.99%
<br />95,000.00
<br />Refunded Deposits
<br />(9,870.00)
<br />(9,870.00)
<br />0.00
<br />100.00%
<br />(14,000.00)
<br />Tower.. Lighting
<br />.......�...�.
<br />.__ _.. .00
<br />0.00,
<br />�
<br />.._ 0.00%
<br />400.00
<br />Total Revenue
<br />489,223.82
<br />448,460.00
<br />40 743.82
<br />109-08%
<br />563 900.00
<br />Gross Profit
<br />489,223.82
<br />448,480.00
<br />40„743.82
<br />109.08 %
<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 />1,324.59
<br />377.00
<br />947.59
<br />351.35%
<br />500.00
<br />Communications
<br />3,783.78
<br />4,500.00
<br />(716.22)
<br />84.08%
<br />6,000.00
<br />Office Expense
<br />599.78
<br />3,000.01
<br />(2,400.23)
<br />19.99%
<br />4,000.00
<br />Payroll Expenses
<br />91,332.77
<br />90,000.00
<br />1,332.77
<br />101.48%
<br />120,000.00
<br />Payroll Tax Expense
<br />7,100.28
<br />8,100.00
<br />(999.72)
<br />87.66%
<br />10,800.00
<br />Marketing/Advertising
<br />1,605.82
<br />1,618.00
<br />(11.18)
<br />99.31 %
<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 />6,312.59
<br />5,250.01
<br />1,062.58
<br />120.24%
<br />7,000.00
<br />Electricity
<br />38,082.66
<br />36,000.00
<br />2,082.66
<br />105.79%
<br />48,000.00
<br />Water
<br />8,708.17
<br />6,750.00
<br />1,958.17
<br />129.01 %
<br />9,000.00
<br />Gas
<br />4,899.88
<br />4,803.00
<br />96.88
<br />102.02%
<br />6,000.00
<br />Trash Disposal
<br />0.00
<br />4,875.02
<br />(4,875.02)
<br />0.00%
<br />6,500.00
<br />Intown Auto Exp Allowance
<br />2,250.00
<br />2,250.00
<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 />27,992.51
<br />16,300.00
<br />11,692.51
<br />171.73%
<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 />48,042.62
<br />47,600.00
<br />442.62
<br />100.93%
<br />115,000.00
<br />Security
<br />1,283.35
<br />3,750.02
<br />(2,466.67)
<br />34.22%
<br />5,000.00
<br />Staff Ins./Retirement
<br />6,248.09
<br />7,500.01
<br />(1,251.92)
<br />83.31 %
<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 />9,960.00
<br />10,125.00
<br />(165.00)
<br />98.37%
<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
<br />15'000.00
<br />15 000.00
<br />0.00
<br />_ .. 100.00%
<br />15,000.00
<br />Total Operating Expenses
<br />352,728.14
<br />345,873.07
<br />6,855.07
<br />101.98%
<br />565 400.00
<br />Operating Income (Loss)
<br />136,495.68.
<br />102,606.93
<br />33,888.75
<br />133.03%
<br />1,500.00
<br />OTHER INCOME
<br />Interest Income
<br />,,w,7,460.62
<br />3,750.02
<br />3,710.60
<br />198.95 %
<br />5=0.00
<br />Total Other Income
<br />7,460.62
<br />3,750.02
<br />3,710.60
<br />198.95%
<br />51000.00
<br />Other Expenses
<br />Total Other Expenses
<br />p
<br />0.00
<br />0.00
<br />0.00%
<br />0.00
<br />Net Income (Loss)
<br />$ 143,956.30
<br />$ 106,356.95 $
<br />37,599.35
<br />135.35%
<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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