INCOME STATEMENT FOR 2003/2004 UNAUDITED
..
,
JOLLEY TROLLEY
INCOME STATEMENT
UNAUDITED
YEAR
2003-2004
REVENUE
PLAN
ACTUAL
VARIANCE
CITY GRANT 291,240 291,240 -0-
FARES 98,280 117,374 19,094
ADVERTISING 61,491 75,662 14,371
itN~EliEST INCOME 1,750 795 (955)
CHARTERS 85,110 70,563 (14,547)
OTHER INCOME 360 3,886 3,526
TOTAL REVENUE 538,231 559,720 21,489
EXPENSE
WAGES, DRIVERS 164,576 176,671 (12,095)
WAGES, CLERICAL 39,690 22,093 17,597
WAGES, VEHICLE MAINT. 35,040 37,161 (2,121)
SALARIES, ADMIN. 42,640 46,900 (4,260)
PAYROLL TAXES 23,900 24,694 (794)
WORKERS' COMPo 17,220 15,112 2,108
MAINT. PARTS & REPAIR 50,620 55,675 (5,055)
INSURANCE 70,250 72, 732 (2,482)
FUEL 42,000 59,644 (17,644)
OFFICE EXPENSE 9,170 3,383 5,787
PERSONNEL COSTS 9,750 11,849 (2,099)
UTILITIES 3,355 5,429 (2,075)
RENTALS 20,940 23,597 (2,657)
PROFESSIONAL FEES 5,600 4,900 700
OTHER TAXES & FEES 2,230 2,010 220
MISCELLANEOUS 1 ,250 1,367 (117)
TOTAL EXPENSE 538,231 563,217 (24,986)
NET CHANGE IN ASSETS -0- (3,497) (3,497)
REMARKS
Year 2003-2004
'..
1. Unaudited results show a loss of $3,497 versus a break-even
year of $-0-. '
2. Had fuel costs been at plan, it is easily noted that we
would have had a favorable bottom line of $14,000.
3. Operating charges which have been included in non-represent-
ative catagories have been broken out into appropriate
accounts in 2004-2005.
4. Top driver pay rate this year is $9.00 per hour. Rate next
year will be $9.25 per hour. We are close to a very compet-
itive rate for part-time work for retired and older drivers.
5. Turnover slowed in 2003-2004. Workforce is adequate, ~et, an
additional two drivers would be ideal.
INCOME STATEMENT
JOLLEY TROLLEY
Month of: SEPTEMBER
REVENUE
CITY GRANT
FARES
ADVERTISING
~NmERES'1' INCOME
CHARTERS
OTHER INCOME
TOTAL REVENUE
EXPENSE
WAGES, DRIVERS
WAGES, CLERICAL
WAGES, VEHICLE MAINT.
SALARIES, ADMIN.
PAYROLL TAXES
WORKERS' COMPo
MAINT. PARTS & REPAIR
INSURANCE
FUEL
OFFICE EXPENSE
PERSONNEL COSTS
UTILITIES
RENTALS
PROFESSIONAL FEES
OTHER TAXES & FEES
MISCELLANEOUS
TOTAL EXPENSE
NET CHANGE IN ASSETS
2003-2004
PLAN
24,270
6,025
6,127
162
6,306
30
42,920
15,529
3,745
3,30J
3,553
2,254
1,435
4,218
6,000
3,500
764
645
279
1,745
-0-
-0-
312
47,286
(4,366)
ACTUAL
VARIANCE
24,270
5,759
3,180
61
5,121
3,031
-0-
1266)
(2,947)
(101)
(1,185)
3,001
41,422
(1,498)
14,854
1,932
4,646
4,502
2,155
1,474
8,109
6,000
5,581
218
636
886
2,320
-0-
-0-
-0-
675
1,813
(739)
(949)
99
( 39)
(3,891)
-0-
(2,081 )
546
9
(607)
(575)
-0-
-0-
312
52,713
(5,427)
(6,925)
(11,291)
.'
EXPLANATION OP VARIANCES,
Month of SEPTEMBER
2003-2004
,~.
VARIANCE
Advertising
(2,947)
Charters
(1,185)
other Income
3,001
"
Maintenance Parts (3,891)
Fuel
(2,081 )
(607)
utilities
Rentals
(575)
Salaries, Adm.
(949)
Wages, Maint.
(739)
,
.
EXPLANATION
Late payments received
in October
Cancellations due to
hurricanes
Federal unemployment tax
refund for 2001 and 2002
501(c)3 firms do not pay
this tax. We did.
Two apditional transmission
overhauls
High fuel cost.
Landlord has billed us for
water, garbage, etc. for
first half of year
Quarterly charge for radios
not budgeted
Five pay period month vs.
12 month budget
Includes employee used to
fuel trolleys previously
performed by drivers