Executive Committee Meeting 10-15-24

Consent Agenda

Page 5 of 95

10/9/2024 10:08 AM

Consolidated DMCVB & DMSC Statement of Revenues & Expenses For the Nine Months Ending 9/30/2024

100 Rev Exp Summ 2024 REVexpcfB2 CMYTDB2024

CURRENT MONTH

YEAR TO DATE

%

Budget

%

Last Year

%

%

Budget

%

Last Year

%

Actual

Actual

REVENUES:

$1,984,114.24

92.66% $1,886,288.00 1.21% 25,343.00

93.49% $1,926,500.85

92.25% Assesment 0.95% Membership

$15,540,490.95

92.35% $15,237,712.00 0.68% 228,087.00 1.44% 250,922.00 5.53% 490,574.00

94.02% $14,589,101.06 1.41% 116,213.64 1.55% 804,483.33 3.03% 1,008,962.19

88.32% 0.70% 4.87% 6.11%

25,812.55 71,772.00 59,657.67

1.26% 0.00%

19,924.04 1,172.00

114,676.99 242,868.95 930,330.66

3.35%

0.00

0.06% Events, Publications & Sponsorships

2.79% 106,000.00

5.25% 140,824.15

6.74% Other Revenues

$2,141,356.46 100.00% $2,017,631.00 100.00% $2,088,421.04 100.00% Total Revenues

$16,828,367.55 100.00% $16,207,295.00 100.00% $16,518,760.22 100.00%

EXPENSES: Direct Promotional Expenses:

54,693.62 24,127.85 282,335.47 313,534.59 180,457.42 281,665.92 102,499.39

4.04% 42,050.00

3.17% 144,997.78

9.84% Fams, Events & Sponsorships 0.68% Tradeshows & Conferences

1,196,960.09 787,296.65 3,067,468.79 3,174,273.81 2,848,881.73 3,812,371.03 1,566,314.09 $16,453,566.19

6.77% 1,138,450.00 4.45% 776,750.00 17.35% 3,003,178.32 17.96% 2,902,445.75 16.11% 2,940,267.59 21.56% 3,284,279.63 8.86% 1,504,824.00 93.07% $15,550,195.29

6.78% 1,774,461.43 4.62% 604,816.58 17.88% 2,402,255.39 17.28% 3,027,385.23 17.50% 2,618,748.16 19.55% 3,151,641.48 8.96% 1,004,530.57 92.58% $14,583,838.84

11.27% 3.84% 15.26% 19.24% 16.64% 20.02% 6.38% 92.66%

1.78%

600.00

0.05%

10,091.26

20.87% 262,622.83 23.18% 272,394.95 13.34% 224,564.79 20.82% 252,728.36 7.58% 147,225.00 91.61% $1,202,185.93

19.81% 223,512.87 20.54% 269,357.23 16.94% 245,608.06 19.06% 358,649.15

15.17% Sales

18.28% Detroit Metro Sports Commission

16.67% Bureau Services

24.34% Advertising & Marketing

11.10%

98,527.14

6.69% Publications / Mkt Communications 91.65% Total Direct Promotional Expenses:

$1,239,314.26

90.66% $1,350,743.49

Other Operating Expenses:

$97,595.54 $97,595.54

7.21% $113,001.05 7.21% $113,001.05

8.52% $111,855.16 8.52% $111,855.16

7.59% Executive & Administrative 7.59% Total Other Operating Expenses

$1,096,079.84 $1,096,079.84

6.20% $1,149,416.92 6.20% $1,149,416.92

6.84% $1,022,778.86 6.84% $1,022,778.86

6.50% 6.50%

Non-Operating Expenses:

$15,930.63 $15,930.63

1.18% $10,833.00 1.18% $10,833.00

0.82% $11,136.20 0.82% $11,136.20

0.76% Depreciation

$129,101.90 $129,101.90

0.73% $97,497.00 0.73% $97,497.00

0.58% $131,965.43 0.58% $131,965.43

0.84% 0.84%

0.76% Total Non-Operating Expenses

$1,352,840.43 100.00% $1,326,019.98 100.00% $1,473,734.85 100.00% Total Expenses

$17,678,747.93 100.00% $16,797,109.21 100.00% $15,738,583.13 100.00%

$788,516.03

0.00% $691,611.02

0.00% $614,686.19

0.00% NET SURPLUS(DEFICIT)

($850,380.38)

0.00% ($589,814.21)

0.00% $780,177.09

0.00%

St Rev Exp