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Cabarrus County Convention and Visitors
<br />Budgeted Statement of Revenues and Expenditures
<br />For the 3 Months Ending March 31, 2012
<br />Expenditures
<br />SALARY AND WAGE EXPENSE
<br />Salaries
<br />Current Qtr.
<br />Current Qtr.
<br />Current Qtr.
<br />Year to Date
<br />Year to Date
<br />Year to Date
<br />Annual
<br />Hourly Labor
<br />Actual
<br />Budget
<br />Variance
<br />Actual
<br />Budget
<br />Variance
<br />Budget
<br />Revenues
<br />13,153
<br />14,281
<br />(1,128)
<br />31,972
<br />40,802
<br />(8,830)
<br />53,042
<br />Occupancy Tax
<br />$ 814,606 $
<br />724,699
<br />89,907 $
<br />2,378,354 $
<br />2,231,994
<br />146,360
<br />3,651,562
<br />Interest on Investments
<br />2,120
<br />2,700
<br />(580)
<br />7,344
<br />8,100
<br />(756)
<br />10,800
<br />Advertising Revenues
<br />10,713
<br />31,000
<br />(20,287)
<br />7,192
<br />42,000
<br />(34,808)
<br />50,000
<br />Miscellaneous Revenues
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Fund Balance Appropriated
<br />0
<br />0
<br />0
<br />270,000
<br />0
<br />270,000
<br />0
<br />Items for Resale
<br />293
<br />1,200
<br />(907)
<br />704
<br />4,400
<br />( 3,696)
<br />6,400
<br />TOTAL REVENUES
<br />827,732
<br />759,599
<br />68,133
<br />2,663,594
<br />2,286,494
<br />377,100
<br />3,718,762
<br />Expenditures
<br />SALARY AND WAGE EXPENSE
<br />Salaries
<br />185,210
<br />210,616
<br />(25,406)
<br />503,338
<br />548,933
<br />(45,595)
<br />785,332
<br />Hourly Labor
<br />27,661
<br />19,730
<br />7,931
<br />39,544
<br />53,571
<br />(14,027)
<br />74,861
<br />FICA
<br />13,153
<br />14,281
<br />(1,128)
<br />31,972
<br />40,802
<br />(8,830)
<br />53,042
<br />Medicare
<br />3,076
<br />3,339
<br />(263)
<br />9,083
<br />9,540
<br />(457)
<br />12,402
<br />Medical Insurance
<br />23,365
<br />24,654
<br />(1,289)
<br />67,537
<br />73,962
<br />(6,425)
<br />98,616
<br />Retirement
<br />15,274
<br />16,450
<br />(1,176)
<br />45,162
<br />49,081
<br />(3,919)
<br />63,181
<br />Workmens Comp
<br />617
<br />680
<br />(63)
<br />1,853
<br />2,630
<br />(777)
<br />3,310
<br />Deferred 401K
<br />8,708
<br />9,339
<br />(631)
<br />28,446
<br />30,951
<br />(2,505)
<br />41,846
<br />Performance Incentives
<br />0
<br />0
<br />0
<br />0
<br />27,565
<br />(27,565)
<br />27,565
<br />Unemployment Insurance
<br />11,525
<br />6,357
<br />5,168
<br />12,833
<br />18,162
<br />(5,329)
<br />23,610
<br />TOTAL SALARY AND WAGE EXPENS
<br />2 88,589
<br />305,446
<br />(16,857)
<br />739,768
<br />882,762
<br />(142,994)
<br />1,211,330
<br />ADMINISTRATION AND OPERATIONS
<br />Admin Fee
<br />40,730
<br />36,235
<br />4,495
<br />118,918
<br />111,600
<br />7,318
<br />182,578
<br />Depreciation Expense
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />61,110
<br />Employee /Community Relations
<br />1,395
<br />1,800
<br />(405)
<br />3,798
<br />6,600
<br />(2,802)
<br />8,400
<br />Insurance
<br />1,117
<br />800
<br />317
<br />5,606
<br />5,050
<br />556
<br />5,050
<br />Mileage
<br />772
<br />475
<br />297
<br />2,028
<br />3,300
<br />(1,272)
<br />4,550
<br />Office Equipment/Maintenance
<br />3,743
<br />5,600
<br />(1,857)
<br />16,902
<br />16,800
<br />102
<br />22,400
<br />Office Supplies
<br />2,753
<br />2,900
<br />(147)
<br />9,068
<br />10,700
<br />(1,632)
<br />13,600
<br />Other Operating Cost
<br />2,538
<br />2,655
<br />(117)
<br />7,198
<br />8,225
<br />(1,027)
<br />10,990
<br />Postage /Shipping
<br />2,220
<br />2,850
<br />(630)
<br />7,097
<br />8,300
<br />(1,203)
<br />12,200
<br />Professional Services
<br />268
<br />1,250
<br />(982)
<br />23,050
<br />14,500
<br />8,550
<br />15,750
<br />Rent/Building Expense
<br />35,310
<br />34,500
<br />810
<br />84,705
<br />111,763
<br />(27,058)
<br />146,263
<br />Staff Development
<br />3,228
<br />3,000
<br />228
<br />9,311
<br />9,100
<br />211
<br />14,400
<br />Telephone
<br />9,587
<br />8,100
<br />1,487
<br />23,227
<br />24,300
<br />(1,073)
<br />32,400
<br />Vehicle Expense
<br />1,561
<br />1,250
<br />311
<br />5,469
<br />4,050
<br />1,419
<br />5,300
<br />Attachment number 2
<br />1 -1
<br />Page 323
<br />Page: 1
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