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HomeMy WebLinkAbout04. Profit & Loss Year End Report as of 2021-12-31Annual MTD YTD Budget Less % of Prior YearBudget Amount Actual Amount Actual Amount YTD Actual Budget Total Actual3,400,000.00 1,062,740.87 4,269,144.59 (869,144.59) 126 3,041,116.06.00 .00 4,850.24 (4,850.24) +++ 222,145.131,000.00 24.37 280.91 719.09 28 271.87.00 .00 2,970.00 (2,970.00) +++ 3,173.94$3,401,000.00 $1,062,765.24 $4,277,245.74 ($876,245.74) 126% $3,266,707.00$3,401,000.00 $1,062,765.24 $4,277,245.74 ($876,245.74) 126% $3,266,707.0048,000.00 .00 43,175.00 4,825.00 90 13,499.3575,000.00 15,887.84 62,968.00 12,032.00 84 79,872.0025,000.00 .00 25,000.00 .00 100 25,000.00132,500.00 .00 123,125.00 9,375.00 93 120,500.00195,000.00 27,845.00 191,000.00 4,000.00 98 79,125.0055,000.00 4,993.49 38,917.36 16,082.64 71 48,697.16.00 .00 .00 .00 +++ 1,000.00464,600.00 46,667.05 421,968.61 42,631.39 91 150,924.5226,610.00 11,447.50 14,002.50 12,607.50 53 5,564.81111,000.00 19,933.30 98,000.00 13,000.00 88 102,199.98141,000.00 127,794.03 158,751.54 (17,751.54) 113 62,454.00211,018.00 48,164.95 173,449.31 37,568.69 82 144,229.67617,500.00 216,589.57 598,818.25 18,681.75 97 305,157.6911,532.00 .00 .00 11,532.00 0 .0050,100.00 4,872.43 50,148.81 (48.81) 100 41,414.7718,000.00 2,665.84 6,410.45 11,589.55 36 3,259.51$2,181,860.00 $526,861.00 $2,005,734.83 $176,125.17 92% $1,182,898.46180,000.00 64,460.84 187,502.09 (7,502.09) 104 48,350.00757,201.00 445,949.61 755,954.46 1,246.54 100 199,402.7445,000.00 7,013.13 44,089.67 910.33 98 15,576.25Income StatementThrough 12/31/2021Account Account Description55.15 LMD International55.23 LMD Contingency55.25 Social73.00 Miscellaneous55.20 LMD Photography55.21 LMD Website55.22Department 6300 - Marketing TotalsDepartment 6301 - VLMD Destination55.00 LMD Traditional 55.03 LMD DigitalLMD Email Marketing55.18 LMD Public Relations- Direct33.50 Advertising Agent Fees33.56 Public Relations Services Fees55.00 LMD Traditional LMD Branding and Production 55.05 Database Systems55.13Department 0000 - Revenue TotalsResearch33.20 Accounting Fees33.21 VLMD Marketing Coordination VVP / TOV33.11REVENUE TOTALSEXPENSEDepartment 6300 - Marketing 33.00 Professional FeesLodging Tax- Prior Year31610.00 Interest31931.00 Miscellaneous31016.10Fund 600 - Vail Local Marketing DistrictREVENUEDepartment 0000 - Revenue 31016.00 Lodging TaxPage 1 of 2 Annual MTD YTD Budget Less % of Prior YearBudget Amount Actual Amount Actual Amount YTD Actual Budget Total ActualIncome StatementThrough 12/31/2021Account Account Description.00 .00 .00 .00 +++ 1,628.00$982,201.00 $517,423.58 $987,546.22 ($5,345.22) 101% $264,956.99.00 .00 .00 .00 +++ 10,000.00464,963.00 243,408.05 449,774.31 15,188.69 97 551,072.15$464,963.00 $243,408.05 $449,774.31 $15,188.69 97% $561,072.1518,285.00 .00 9,299.00 8,986.00 51 8,529.0045,000.00 .00 26,107.17 18,892.83 58 29,848.94150,000.00 .00 137,500.00 12,500.00 92 401,105.0515,000.00 .00 6,755.64 8,244.36 45 50,999.171,715.00 1,017.24 2,312.24 (597.24) 135 4,479.005,000.00 (400.79) 4,564.60 435.40 91 4,116.2115,000.00 .00 .00 15,000.00 0 5,000.00$250,000.00 $616.45 $186,538.65 $63,461.35 75% $504,077.3725,000.00 .00 25,000.00 .00 100 25,000.00$25,000.00 $0.00 $25,000.00 $0.00 100% $25,000.00$3,904,024.00 $1,288,309.08 $3,654,594.01 $249,429.99 94% $2,538,004.973,401,000.00 1,062,765.24 4,277,245.74 (876,245.74) 126% 3,266,707.003,904,024.00 1,288,309.08 3,654,594.01 249,429.99 94% 2,538,004.97($503,024.00) ($225,543.84) $622,651.73 $1,125,675.73 (124%) $728,702.03Beginning Fund Balance2,078,810 2,078,810 1,350,108 Ending Fund Balance1,575,786 2,701,462 2,078,810 %age of Normal Annual Revenues46% 63% 58%Department 6301 - VLMD Destination Totals55.30 LMD PartnershipsLMD Print AdvertisingDepartment 6302 - VLMD Front Range55.00 LMD Traditional 55.03 LMD Digital55.17 LMD Direct Sales55.40 LMD Travel55.10 LMD MarketingDepartment 6302 - VLMD Front Range TotalsDepartment 6303 - VLMD Group Sales55.0155.42 LMD Familiarization Trips55.50 LMD Event Recruiting55.41 LMD MembershipsFund 600 - Vail Local Marketing District Net Gain (Loss)Fund 600 - Vail Local Marketing District TotalsREVENUE TOTALSEXPENSE TOTALSDepartment 6304 - VLMD Special Events55.54 LMD Event LiasonDepartment 6304 - VLMD Special Events TotalsEXPENSE TOTALSDepartment 6303 - VLMD Group Sales TotalsPage 2 of 2