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<br /> SMG Cabarrus
<br /> Income Statement
<br /> For the Period Ending June 30, 2006
<br /> Current Month Current Month Year to Date Year to Date
<br /> Actual Budget Actual Budget
<br />Event Income
<br />Direct Event Income
<br />Rental Income $ 9,259 $ 34,875 $ 351,602 $ 429,967
<br />Services Income 12,815 4,561 44,128 53,000
<br />Total Direct Event Income 22,074 39,436 395,730 482,967
<br />Ancillary Income
<br />Food & Beverage 4,322 2,213 77,317 20,489
<br />Catering (29,516) 0 101,509 13,241
<br />Novelty 0 0 734 0
<br />Parking (353) 4,115 46,074 47,990
<br />Other Ancillary 20,400 250 0 4,900
<br />Total Anciliary Income (5,147) 6,578 225,634 86,620
<br />Total Event Income 16,927 46,014 621,364 569,587
<br />Other Operating Income 900 17,895 42,435 214,500
<br />Adjusted Gross Income 17,827 63,909 663,799 784,087
<br />Indirect Expenses
<br />Employee Wages and Benefits 88,957 66,773 610,373 800,099
<br />Event Labor Allocated 6,500 0 0 0
<br />Contracted Services 0 288 29,002 3,500
<br />Operations Expenses 18,846 337 56,236 4,000
<br />Repairs & Maintenance 11,231 10,557 53,838 126,684
<br />Supplies 14,195 3,952 25,166 47,380
<br />Insurance 0 1,975 41,881 40,128
<br />Utilities 30,307 29,216 345,692 350,350
<br />General and Admin. Expenses 68,443 23,451 231,257 280,565
<br />F & B Indirect Exp. 202 0 1,982 0
<br />Total Indirect Expenses 238,681 136,549 1,395,427 1,652,706
<br />Net Income (Loss) $ (220,854) $ (72,640) $ (73 I ,628) $ (868,619)
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<br />. 4
<br />;:--9
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