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INCOME STATEMENT FOR AUGUST 2004 -' .; '/ JOLLEY TROLLEY INCOME STAT,EMENT >;;""""P', ./,,:- "'",0 ',-" '" .. r::,rp ((; ""10" \~t..! v V ,-oJ ,. Month of: AUGUST ," \...r . '. .,.. "', ."", ',' '" ,'.,ND LL(:,,';";'J-d,Vt: :ii<'vCS DfPT 2003-2004 REVENUE PLAN ACTUAL VARIANCE CITY GRANT 24,270 24,270 -0- FA,RBS ,. 8,805 8,898 93 -~ ADVERTISING 6,124 5,321 (803) ltNmEUS' INCOME 158 69 (89) CHAATERS 4,451 4,276 (175 ) O'l'HER INCOME 20 124 120 TOTAL REVENUE 43,828 42,958 (870) EXPENSE WAGES, DRIVERS 12,420 11,946 474 WAGES, CLERICAL 2,995 1,627 1,368 WAGES, VEHICLE MAIN'l'. 2,644 3,214 (570) SALARIES, ADMIN. 3,553 3,622 ( 69) PAYROLL TAXES 1 ,804 163 1,641 W01U<ERS l COMP. ' 1,435 1,474 (39) MAINT. PARTS.' REPAIR 4,218 7,114 (2,896) INSURANCE 6,000 6,000 -0- FUEL 3,616 5,599 (1,983) OFFICE EXPENSE 764 145 619 PERSONNEL COSTS 645 1,894 (1,249) UTILITIES 279 443 (164) RENTALS 1,745 1 ,718 27 PROFESSIONAL FEES -0- -0- -0- OTHER TAXES & FEES -0- -0- -0.- MISCELLANEOUS -0..; . -0- -0- TOTAL EXPENSE 42 , 1,18 44,959 (2,841 ) NET CHANGE IN ASSETS 1 , 71 0 (2,001) (:3,711) ,r ,~ EXPLANATION OJ? VARIANCES, Month ot AUGUST 2003-2004 "~ . VARIANCE Advertising (833) Wages,cleripal 1,368 Wages, veh. 'maint. (570) Main. parts, etc. (2,896) Fuel (1,983) Personnal costs (1,249) " Payroll Taxes 1,641 , . EXPLANATION Late payments by clients Impacted by reduced payroll Inclusion of fuel payroll Repair of two (2) trolley transmissions High fuel costs Re-order of driver shirts and driver advertising . Federal unemployment tax refund from IRS of $1,596 for year 2003. No federal unemployment tax due from 501(c)3 firms. We have re- quested refunds for prior years.