Report Date: 8/10/23
1 Budget 2023-24
Income
Certified Folder 2,400.00
Sales of Product Income 3,000.00
Sponsorships/ Donations 1,000.00
Tourism Improvement District 135,000.00
Total Income 141,400.00
Cost of Goods Sold
Cost of Goods Sold 1,500.00
Inventory Loss/Damage 75.00
Inventory Shrinkage 25.00
Total Cost of Goods Sold 1,600.00
Gross Profit 139,800.00
Expenses
Accounting Services 4,800.00
Advertising 1,500.00
Bank Charges 65.00
Merchant Fees 100.00
Cleaning Supplies 300.00
CPA - Tax Accountant 2,200.00
Designation Fees 5,000.00 A
Dues & Subscriptions 1,150.00
Event Supplies 300.00
Insurance 2,500.00
D&O Insurance 1,136.00
Legal Fees 500.00
Meals and Entertainment 145.00
Penalties & Interest 0.00
County Property Tax 1,200.00
Postage Expense 200.00
Promotional 500.00
Rent or Lease 24,024.00B
Repair & Maintenance 3,500.00 C
Salaries/Wages
Payroll Fees 660.00
Payroll Tax Expense 6,300.00
Salaries/Wages-Concierge CWC 5,532.00
Salary/ Wages-Store Manager CWC D
Salary/Wages-Executive Director 50,000.00
Workers' Comp Insurance 350.00
Total Salaries/Wages 62,842.00
Security 900.00
Social Media/Promotion 1,440.00
Supplies
Salinas Valley Tourism & Visitors Bureau
CWC FY 2023-24 Budget
EXHIBIT C
Report Date: 8/10/23
2 Office Supplies 1,200.00
Restroom Supplies 300.00
Total Supplies 1,500.00
Taxes & Licenses 150.00
Travel - Hotel, Parking, Flights 1,000.00
Travel-Mileage 650.00
Utilities
PG&E 3,090.00
Telephone & Internet 3,204.00
Trash 0.00
Water/Sewer 780.00
Total Utilities 7,074.00
Total Expenses 124,676.00
Net Operating Income 15,124.00
NOTES
A- Annual fees due to Visit CA / Dept. of Transportation for CWC B - $21,000 ( $1750 x 12 months) @ 1A Station Place -Payable to City of Salinas C - budget for exterior vandalism - broken windows
D- Open position to be filled
EXHIBIT C