Paden City Development Authority
Profit & Loss
July 2019 through June 2020
Jul ’19 – Jun 20
Ordinary Income/Expense
Income
Inside RV/Boat Storage
Sales 21,006.20
Gymnasium Rental 6,720.00
Reception/Banquet Hall 620.00
Space Rental 101,362.00
Truck Parking 1,925.00
Total Sales 110,627.00
Total Income 131,633.20
Gross Profit 131,633.20
Expense
Advertising and Promotion 296.62
Bank Service Charges 564.19
Casual Labor
Lawn Care 3,525.00
Casual Labor – Other 6,506.00
Total Casual Labor 10,031.00
Construction /Demolition 347.00
Custodial Supplies 242.85
Donations -262.00
Dues and Subscriptions 138.00
Improvements 15,554.64
Insurance Expense
Flood 4,650.00
Liability 2,286.00
Property 3,040.00
Total Insurance Expense 9,976.00
Interest Expense
Loan Interest – WesBanco 9,703.89
Total Interest Expense 9,703.89
Loans
Principal – WesBanco 13,841.31
Total Loans 13,841.31
Miscellaneous 100.00
Office Expense 12.30
Office Supplies 269.53
PayrolI Expenses 12,947.00
Postage and Delivery 110.00
Professional Fees
Accounting 2,000.00
Bookkeeping 1,250.00
State Audit 160.00
Surveyor 200.00
Total Professional Fees 3,610.00
Rent
Box Rent 64.00
CSX Transportation Fees 150.14
Total Rent 214.14
Repairs and Maintenance 8,622.01
Supplies 288.27
Utilities
Electric 17,524.10
Gas 4,706.02
Internet 647.20
Telephone 647.14
Water/Sewer 3,309.03
Total Utilities 26,833.49
Total Expense 113,440.24
Net Ordinary Income 18,192.96
Other Income/Expense
Other Income
Community Fund/Fndly Lions Club 2,205.00
Contributions 200.00
Interest
PCDA Certificate–Bayer HFCU 324.71
Total Interest 324.71
Total Other Income 2,729.71
Other Expense
Donations Community Fund 1,010.00
Total Other Expense 1,010.00
Net Other Income 1,719.71
Net Income 19,912.67
Paden City Development Authority
WC 10/7 14630