Executive Committee Mtg 04-16-24

Consent Agenda

Page 5 of 55

4/10/2024 2:08 PM

Consolidated DMCVB & DMSC Statement of Revenues & Expenses For the Three Months Ending 3/31/2024

100 Rev Exp Summ 2024 REVexpcfB2 CMYTDB2024

CURRENT MONTH

YEAR TO DATE

%

Budget

%

Last Year

%

%

Budget

%

Last Year

%

Actual

Actual

REVENUES:

$1,581,273.24

93.32% $1,404,668.00 0.68% 25,343.00

91.45% $1,377,125.07

95.60% Assesment 0.93% Membership

$4,307,859.90

92.54% $3,893,490.00

93.86% $3,855,300.61

95.05% 0.79% 0.25% 3.91%

11,582.56

1.65% 0.00% 6.90%

13,330.36

20,654.31 30,085.10 296,762.36

0.44% 0.65%

76,029.00 10,670.00

1.83% 0.26%

32,004.43 10,170.00

0.00

0.00%

0.00

60.00

0.00% Events, Publications & Sponsorships

101,584.64

6.00% 106,000.00

49,917.78

3.47% Other Revenues

6.37% 168,000.00

4.05% 158,733.15

$1,694,440.44 100.00% $1,536,011.00 100.00% $1,440,433.21 100.00% Total Revenues

$4,655,361.67 100.00% $4,148,189.00 100.00% $4,056,208.19 100.00%

EXPENSES: Direct Promotional Expenses:

83,556.56 5,991.51 392,403.87 395,263.77 335,269.12 493,586.32 153,503.46

4.14% 81,050.00

4.55% 0.05%

77,849.00 18,586.82

5.02% Fams, Events & Sponsorships 1.20% Tradeshows & Conferences

649,295.07 305,327.63 1,084,015.19 1,003,367.75 1,150,041.40 1,245,195.70 549,489.78 $5,986,732.52

10.07% 622,050.00 4.74% 298,350.00 16.82% 986,506.99 15.57% 940,196.30 17.84% 1,130,583.74 19.32% 1,081,111.42 8.53% 567,782.00 92.89% $5,626,580.45

10.20% 920,988.59 4.89% 187,828.87 16.18% 684,748.60 15.42% 773,687.79 18.55% 824,897.07 17.73% 948,944.39 9.31% 346,034.10 92.30% $4,687,129.41

18.33% 3.74% 13.63% 15.39% 16.41% 18.88% 6.89% 93.27%

0.30%

850.00

19.46% 310,410.33 19.60% 369,826.30 16.63% 291,873.79 24.48% 454,459.00 7.61% 147,640.00 92.21% $1,656,109.42

17.44% 225,984.52 20.78% 302,854.19 16.40% 216,511.00 25.53% 372,557.15 8.29% 168,347.62 93.03% $1,382,690.30

14.59% Sales

19.55% Detroit Metro Sports Commission

13.97% Bureau Services

24.04% Advertising & Marketing

10.87% Publications / Mkt Communications 89.24% Total Direct Promotional Expenses:

$1,859,574.61

Other Operating Expenses:

$142,828.30 $142,828.30

7.08% $113,175.76 7.08% $113,175.76

6.36% $151,399.22 6.36% $151,399.22

9.77% Executive & Administrative 9.77% Total Other Operating Expenses

$415,764.29 $415,764.29

6.45% $436,891.28 6.45% $436,891.28

7.17% $295,017.39 7.17% $295,017.39

5.87% 5.87%

Non-Operating Expenses:

$14,180.61 $14,180.61

0.70% $10,833.00 0.70% $10,833.00

0.61% $15,333.22 0.61% $15,333.22

0.99% Depreciation

$42,296.46 $42,296.46

0.66% $32,499.00 0.66% $32,499.00

0.53% $43,432.02 0.53% $43,432.02

0.86% 0.86%

0.99% Total Non-Operating Expenses

$2,016,583.52 100.00% $1,780,118.18 100.00% $1,549,422.74 100.00% Total Expenses

$6,444,793.27 100.00% $6,095,970.73 100.00% $5,025,578.82 100.00%

($322,143.08)

0.00% ($244,107.18)

0.00% ($108,989.53)

0.00% NET SURPLUS(DEFICIT)

($1,789,431.60)

0.00% ($1,947,781.73)

0.00% ($969,370.63)

0.00%

St Rev Exp