Salinas City Council
September 12, 2023

Salinas Valley Tourism & Visitors Bureau
Profit and Loss by Class
July 2022 - June 2023
Accrual Basis Tuesday, August 22, 2023 03:09 PM GMT-07:00 1/2 CALIFORNIA WELCOME CENTER 1A STATION PLACE TOTAL CALIFORNIA WELCOME CENTER TOTAL Income
Certified Folder 2,352.11 2,352.11 $2,352.11
Donations 371.84 371.84 $371.84
Mo. County Funding -5,001.55 -5,001.55 $ -5,001.55
Sales of Product Income 1,160.52 1,160.52 $1,160.52
Tourism Improvement District 116,168.15 116,168.15 $116,168.15 Total Income $0.00 $115,051.07 $115,051.07 $115,051.07
Cost of Goods Sold
Cost of Goods Sold 366.11 366.11 $366.11
Total Cost of Goods Sold $0.00 $366.11 $366.11 $366.11
GROSS PROFIT $0.00 $114,684.96 $114,684.96 $114,684.96
Expenses
Accounting Services 4,428.75 4,428.75 $4,428.75
Advertising 3,551.73 3,551.73 $3,551.73
Bank Charges 20.00 20.00 $20.00
Computer Supplies 149.90 149.90 $149.90
CPA - Tax Accountant 3,150.00 3,150.00 $3,150.00
Designation Fees 3,750.00 3,750.00 $3,750.00
Display and Decor 6,676.89 6,676.89 $6,676.89
Dues & Subscriptions 2,025.74 2,025.74 $2,025.74
Event Supplies 782.71 782.71 $782.71
Insurance 5,813.25 5,813.25 $5,813.25
D&O Insurance 1,136.00 1,136.00 $1,136.00
Total Insurance 6,949.25 6,949.25 $6,949.25
Janitorial Services 38.74 38.74 $38.74
Legal & Professional Fees 4,500.00 4,500.00 $4,500.00
Graphic Design 2,080.00 2,080.00 $2,080.00
Total Legal & Professional Fees 6,580.00 6,580.00 $6,580.00 Meals and Entertainment 521.00 521.00 $521.00
Office Expenses 1,464.97 1,464.97 $1,464.97
Permits & Fees 100.88 100.88 $100.88
Personal Property Tax 1,162.17 1,162.17 $1,162.17
Postage Expense 302.00 302.00 $302.00
Rent or Lease 22,041.60 22,041.60 $22,041.60
Repair & Maintenance 3,367.34 3,367.34 $3,367.34
Salaries/Wages $0.00
Payroll Fees 576.00 576.00 $576.00
Payroll Tax Expense 4,428.99 4,428.99 $4,428.99
Salary/Wages-Executive Director 49,999.92 49,999.92 $49,999.92 Salary/Wages-Part Time Concierge 4,421.25 4,421.25 $4,421.25 Workers' Comp Insurance 564.00 564.00 $564.00
Total Salaries/Wages 59,990.16 59,990.16 $59,990.16
Supplies $0.00
Office Supplies 1,436.37 1,436.37 $1,436.37
Total Supplies 1,436.37 1,436.37 $1,436.37
Taxes & Licenses 55.00 55.00 $55.00
Training/Seminars/Education 1,199.00 1,199.00 $1,199.00 Travel - Hotel, Parking, Flights 1,703.13 1,703.13 $1,703.13 Salinas Valley Tourism & Visitors Bureau
Profit and Loss by Class
July 2022 - June 2023
Accrual Basis Tuesday, August 22, 2023 03:09 PM GMT-07:00 2/2 CALIFORNIA WELCOME CENTER 1A STATION PLACE TOTAL CALIFORNIA WELCOME CENTER TOTAL Travel Meals 280.50 280.50 $280.50
Utilities $0.00
Telephone & Internet 3,167.40 3,167.40 $3,167.40
Total Utilities 3,167.40 3,167.40 $3,167.40
Wayfinding Cost 17,685.00 17,685.00 $17,685.00
Website Hosting & Management 120.00 120.00 $120.00
Total Expenses $0.00 $152,700.23 $152,700.23 $152,700.23 NET OPERATING INCOME $0.00 $ -38,015.27 $ -38,015.27 $ -38,015.27 Other Income
Interest Earned 1.36 1.36 $1.36
Total Other Income $0.00 $1.36 $1.36 $1.36
NET OTHER INCOME $0.00 $1.36 $1.36 $1.36
NET INCOME $0.00 $ -38,013.91 $ -38,013.91 $ -38,013.91