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<br /> SMG Cabarrus
<br /> Food & Beverage 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 />REVENUE
<br />Concession Revenue $ 1,621 $ 25,80] $ 183,567 $ 241,59]
<br />Catering Revenue 18,015 0 292,531 156,264
<br />Total Net Revenue 19,636 25,801 476,098 397,855
<br />COST OF GOODS SOLD
<br />Concession CGS 7,476 0 50,9]2 0
<br />Catering CGS 15,763 0 129,112 0
<br />Total Cost of Goods Sold 23,239 0 ] 80,024 0
<br />DIRECT COSTS
<br />Labor (8,49]) 0 46,082 0
<br />Labor - Catering 1 ],4] 1 0 25,822 0
<br />Tax & Benefits (576) 0 2,774 0
<br />Tax & Benefits 799 0 1,522 0
<br />Direct Concessions Costs (1,110) 23,588 6,482 221,102
<br />Direct Catering Costs 19,558 0 34,566 ]43,023
<br />Total Direct Labor 2],591 23,588 117,248 364,]25
<br />GROSS PROFIT (25,194) 2,213 178,826 33,730
<br />INDIRECT EXPENSES
<br />Salaries Administration 9,554 0 56,950 0
<br />Wages Parttirne General 5,025 0 9,540 0
<br />Auto Allowance 0 0 2,400 0
<br />Other Allowance 0 0 1,700 0
<br />Payroll Taxes ],831 0 7,783 0
<br />Benefits 0 0 4,14] 0
<br />Pension 401 k 230 0 1,1]] 0
<br />Workers Camp Insurance 487 0 1,437 0
<br />Other Contracted Services 0 0 3,095 0
<br />Travel 0 0 1,107 0
<br />Meals & Entertainment 0 0 37 0
<br />Miscellaneous Expense 53 0 280 0
<br />Computer Expense 0 0 2,221 0
<br />Other Professional Fees 0 0 1,0]5 0
<br />Over & Short 200 0 413 0
<br />Kitchen Supplies 0 0 7]3 0
<br />Relocation Expense 0 0 5,080 0
<br />F&B Base Fee ] 1,684 0 23,805 0
<br />F & B Indirect Expense 202 0 ],982 0
<br />Total Indirect Expense 29,266 0 124,8]0 0
<br />Net Income (Loss) $ (54,460) $ 2,213 $ 54,016 $ 33,730
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