|
SMG Cabarrus
<br /> Income Statement
<br /> For the Pe riod Ending June 30, 2007
<br /> Current Month Current Month Year to Date .Year to Date
<br /> Actual Budget Actual Budget
<br />Eventlncome
<br />Direct Event Income
<br />Rental Income $ 25,221 $ 12,700 $ 395,061 $ 385,049
<br />Services Income (470) 2,350 20,059 71,034
<br />Total Direct Event Income 24,751 15,050 415,120 456,083
<br />Ancillary Income
<br />Food & Beverage 3,154 0 111,703 88,220
<br />Catering 13,785 8,160 110,440 111,665
<br />Novelty 0 0 252 0
<br />Parking 0 0 47,161 49,432
<br />Other Ancillary 0 0 700 6,110
<br />Total Anciliary Income 16;939 8,160 270,25b 255,427
<br />Total Event Income 41,690 23,210 685,376 711,510
<br />Other Operating Income 3,264 9,527 39,958 114,500
<br />Adjusted Gross Income 44,954 32,737 725,334 826,010
<br />Indirect Expenses
<br />Employee Wages and Benefits _66,809 76,748 659,212 888,457
<br />Event Labor Allocated 0 0 0 0
<br />Contracted Services 0 288 154 3,500
<br />Operations Expenses 6,318 337 68,670 4,000
<br />Repairs & Maintenance 24,945 10,557 10!,328 126,684
<br />Supplies 8,755 3,952 48,401 47,380
<br />Insurance 3,377 3,220 41,108 39,226
<br />Utilities 27,790 29,183 323,286 350,350
<br />General and Admin. Expenses 18,405 24,026 248,677 298,805
<br />F & B Indirect Exp. 2,055 340 6,508 8,329
<br />Total Indirect Expenses 158,454 148,651 1,497,344 1,766,731
<br />Net Income (Loss) $ (113,500) $ (115,914) $ (772,010) $ (940,721)
<br />G-~3
<br />4
<br />
|