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Love Civic Center
<br />Budget to Actual, Year -to -Date
<br />Modified Cash Basis
<br />For the 10 Months Ended July 31, 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 />10 Months Ended
<br />10 Months Ended
<br />Annual
<br />Jul 31, 2025
<br />Jul 31, 2025
<br />Variance
<br />% of Budget
<br />Budget
<br />Actual
<br />Budqet
<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 />18,060.78
<br />7,000.00
<br />11,060.78
<br />258.01 %
<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 />123,308.05
<br />95,000.00
<br />28,308.05
<br />129.80%
<br />95,000.00
<br />Refunded Deposits
<br />(11,070.00)
<br />(11,070.00)
<br />0.00
<br />100.00%
<br />(14,000.00)
<br />Tower Lighting
<br />....__....... 0.00
<br />.___....w_.._....
<br />www w w.. 0 00
<br />0 00
<br />.... _�.... � ........
<br />0.00%
<br />w......�...__ww.w
<br />..vw_... ,.400.00
<br />Total Revenue
<br />500,865.21_
<br />447,280.00
<br />53,585.21
<br />111.98%
<br />563,900.00
<br />Gross Profit.„
<br />500 865.21
<br />447 280.00
<br />_ 53,585.21_
<br />111.98 %_
<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 />1,426.52
<br />418.00
<br />1,008.52
<br />341.27%
<br />500.00
<br />Communications
<br />4,157.74
<br />5,000.00
<br />(842.26)
<br />83,15%
<br />6,000.00
<br />Office Expense
<br />599.78
<br />3,333.34
<br />(2,733,56).
<br />17.99%
<br />4,000.00
<br />Payroll Expenses
<br />100,885.64
<br />100,000.00
<br />885,64
<br />100.89%
<br />120,000.00
<br />Payroll Tax Expense
<br />7,821.05
<br />9,000.00
<br />(1,178.95)
<br />86.90%
<br />10,800.00
<br />Marketing / Advertising
<br />1,801.71
<br />1,818.00
<br />(16.29)
<br />99.10%
<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 />6,954.26
<br />5,833.34
<br />1,120.92
<br />119.22%
<br />7,000.00
<br />Electricity
<br />52,677.83
<br />40,000.00
<br />12,677.83
<br />131.69%
<br />48,000.00
<br />Water
<br />9;513.13
<br />7,500.00
<br />2,013.13
<br />126.84%
<br />9,000.00
<br />Gas
<br />5,037.39
<br />4,953.00
<br />84.39
<br />101.70%
<br />6,000.00
<br />Trash Disposal
<br />0.00
<br />5,416.68
<br />(5,416.68)
<br />0.00%
<br />6;500.00
<br />Intown Auto Exp Allowance
<br />2,500.00
<br />2,500.00
<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 />28,048.47
<br />16,300.00
<br />11,748.47
<br />172.08%
<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 />1,000.00
<br />0.00
<br />100.00%
<br />1,000.00
<br />Building Maint./Spls/Equip
<br />70,417:95
<br />70,600.00
<br />(182.05)
<br />99.74%
<br />115,000.00
<br />Security
<br />1,342.30
<br />4,166.68
<br />(2,824.38)
<br />32.22%
<br />5,000.00
<br />Staff Ins.lRetirement
<br />7,066.30
<br />8,333.34
<br />(1,267.04)
<br />84.80%
<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 />10,960.00
<br />11,250.00
<br />(290.00)
<br />97.42%
<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 Mana ment Fee
<br />g
<br />15 .�....._.
<br />.MM......,.�w....._..,OOOAO
<br />m 15 000.00.
<br />.. m
<br />.........w 0.00
<br />......._.......M._.M.M.,..w.w.
<br />100.00 %
<br />_......�
<br />15,000.00
<br />......�...._...................
<br />Total Operating Expenses
<br />404 410.32
<br />390 497.38
<br />13,912.94
<br />103.56%
<br />565,400.00
<br />Operating Income (Loss)
<br />86,454.89
<br />56,782.62
<br />39,672.27
<br />169.87%
<br />1,500.00
<br />OTHER INCOME
<br />Interest Income......
<br />_...._..._w_w 7,611.46.
<br />..........................._4,166.�8
<br />_3,..,.��.
<br />°
<br />...........�..82:....� °
<br />......__
<br />. 5,000..00..
<br />Total Other Income
<br />,,,,,rv7,611.46
<br />4,166.68
<br />_ 3,444.78
<br />182.67%
<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 />104
<br />$�,OS6 35
<br />� q
<br />$ S0 949.30
<br />$ 43,117.05
<br />170.74%
<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
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