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HomeMy WebLinkAbout2008-2009 Denton Budget-FINALDenton Tx 5/12/2008 288 Units 876 Beds Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Totals Occupancy 85%85%85%85%85%85%85%85%85%85%85%85%85% 4005 Scheduled Rental Revenue 414,660 414,660 414,660 414,660 414,660 414,660 414,660 414,660 414,660 414,660 414,660 414,660 4,975,920 4030 Gain (Loss) to Lease (3,640)(3,640)(3,640)(3,640)(3,640)(3,640)(3,640)(3,640)(3,640)(3,640)(19,401)(19,401)(75,202) 4045 Short Term Rent Premium 3,800 3,800 3,800 3,800 2,850 2,850 2,850 2,850 2,850 2,850 0 0 32,300 4050 Vacancy Loss (62,199)(62,199)(62,199)(62,199)(62,199)(62,199)(62,199)(62,199)(62,199)(62,199)(62,199)(62,199)(746,388) 4055 Prior Period Adj-Vacany 0 0 0 0 0 0 0 0 0 0 0 0 0 4056 Prior Period Adj-Rent 0 0 0 0 0 0 0 0 0 0 0 0 0 4060 Lease Concessions (15,375)(15,375)(15,375)(15,375)(15,375)(15,375)(15,375)(15,375)(15,375)(15,375)(3,375)(3,375)(160,500) 4061 Lease Prorate Concessions 0 0 0 0 0 0 0 0 0 0 0 0 0 4062 Other Concess-Scholorship 0 0 0 0 0 0 0 0 0 0 0 0 0 4075 Accelerated Rent 200 200 200 200 200 200 200 200 200 200 200 200 2,400 4082 Write-offs Rental Income (3,110)(3,110)(3,110)(3,110)(3,110)(3,110)(3,110)(3,110)(3,110)(3,110)(3,110)(3,110)(37,320) 4085 Non-Resident/Emp. Rnt. Disc. Units (6,120)(6,120)(6,120)(6,120)(6,120)(6,120)(6,120)(6,120)(6,120)(6,120)(6,120)(6,120)(73,440) Total Rental Income 328,216 328,216 328,216 328,216 327,266 327,266 327,266 327,266 327,266 327,266 320,655 320,655 3,917,770 Economic Occupancy 79%79%79%79%79%79%79%79%79%79%77%77%79% 4095 Garage/Carport Rent 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000 4096 Garage/Carport Concession 0 0 0 0 0 0 0 0 0 0 0 0 0 4105 Pet Fees/Rent/Non-Ref Dep.300 300 300 300 300 300 300 300 300 300 300 300 3,600 4115 Storage Rental Income 0 0 0 0 0 0 0 0 0 0 0 0 0 4155 Vending Income 15 15 15 15 15 15 15 15 15 15 15 15 180 4175 Application Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 4177 Application Fee Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 4185 Cancellation Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 4187 Write-Offs Cancellation Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 4190 Relet Fees 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000 4200 NSF Fees 125 125 125 125 125 125 125 125 125 125 125 125 1,500 4205 Late Fees 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 33,000 4210 Credit Card Fees 400 400 400 400 400 400 400 400 400 400 400 400 4,800 4215 Damages 250 12,000 250 250 250 250 250 250 250 250 250 250 14,750 4216 Write-Offs Damages 0 0 0 0 0 0 0 0 0 0 0 0 0 4217 Administrative Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 4220 Forfeited Deposits 0 0 0 0 0 0 0 0 0 0 0 0 0 4255 Common Area Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 4260 Lease Violations Income 100 100 100 100 100 100 100 100 100 100 100 100 1,200 4305 Other Rental Income (Misc. Income)0 0 0 0 0 0 0 0 0 0 0 0 0 4309 Write-offs - Other Rental 0 0 0 0 0 0 0 0 0 0 0 0 0 4510 Short-term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Other Income 6,940 18,690 6,940 6,940 6,940 6,940 6,940 6,940 6,940 6,940 6,940 6,940 95,030 Total Income 335,156 346,906 335,156 335,156 334,206 334,206 334,206 334,206 334,206 334,206 327,595 327,595 4,012,800 The Ridge at North Texas Denton Tx 5/12/2008 288 Units 876 Beds Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Totals Occupancy 85%85%85%85%85%85%85%85%85%85%85%85%85% The Ridge at North Texas 5023 Salaries - Management 16,221 10,812 10,812 10,809 10,812 10,812 16,221 10,812 10,812 10,809 10,812 10,812 140,558 5025 Hourly Wages - Service 9,476 6,316 6,316 6,315 6,316 6,316 9,476 6,316 6,316 6,315 6,316 6,316 82,113 5030 Hourly Wages - Housekeeping 0 0 0 0 0 0 0 0 0 0 0 0 0 5045 Overtime 0 0 0 0 0 0 0 0 0 0 0 0 0 5046 Overtime - Management 2,500 0 0 0 0 0 0 0 0 0 0 750 3,250 5047 Overtime - Service 3,750 0 0 0 0 0 0 0 0 0 0 1,250 5,000 5050 Overtime - Maint/Grounds 0 0 0 0 0 0 0 0 0 0 0 0 0 5055 Overtime - Housekeeping 0 0 0 0 0 0 0 0 0 0 0 0 0 5062 Temporary Employment 0 0 0 0 0 0 0 0 0 0 0 0 0 5080 Payroll Taxes 5,724 2,065 2,065 2,064 2,065 2,065 3,093 2,065 2,065 2,097 2,065 2,065 29,499 5090 Group Insurance 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 21,600 5100 Workers Compensation 5,724 2,065 2,065 2,064 2,065 2,065 3,093 2,065 2,065 2,097 2,065 2,065 29,499 5105 Employer 401k Contributions 0 0 0 0 0 0 0 0 0 0 0 0 0 5114 Uniforms 75 75 75 75 75 75 75 75 75 75 75 75 900 5117 Other Personnel Expense 200 200 200 200 200 200 200 200 200 200 200 200 2,400 5146 Employee Screening Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 5147 Employee Recruiting Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 5149 Help Wanted Newspaper Ad 75 75 75 75 75 75 75 75 75 75 75 75 900 5190 Leasing Commissions 12,080 80 80 80 80 80 80 4,080 80 350 80 80 17,230 Total Personnel Expense 57,624 23,489 23,489 23,483 23,489 23,489 34,113 27,489 23,489 23,817 23,489 25,489 332,948 5411 Electricity-Clubhouse 4,250 4,250 4,250 4,250 4,250 4,250 4,250 4,250 4,250 4,250 4,250 4,250 51,000 5413 Electricity-Vacants 4,500 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 4,500 19,000 5414 Electricity-Reimbursements (500)(500)(500)(500)(500)(500)(500)(500)(500)(500)(500)(500)(6,000) 5436 Water/Sewer-Clubhouse 16,500 16,500 16,500 16,500 16,500 16,500 16,500 16,500 16,500 16,500 16,500 16,500 198,000 5442 Water/Sewer-Residents 0 0 0 0 0 0 0 0 0 0 0 0 0 5456 Gas 0 0 0 0 0 0 0 0 0 0 0 0 0 5460 Gas-Clubhouse/Models 450 450 450 450 450 450 450 450 450 450 450 450 5,400 5475 Refuse Removal 4,500 2,700 2,700 2,700 2,700 2,700 2,700 2,700 2,700 2,700 2,700 4,500 36,000 5505 Cable 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 5,400 64,800 5514 Resident Telephone 0 0 0 0 0 0 0 0 0 0 0 0 0 5520 Other Fuels Utilities 0 0 0 0 0 0 0 0 0 0 0 0 0 5525 Resident Internet 7,850 7,850 7,850 7,850 7,850 7,850 7,850 7,850 7,850 7,850 7,850 7,850 94,200 Total Utilities 42,950 37,650 37,650 37,650 37,650 37,650 37,650 37,650 37,650 37,650 37,650 42,950 462,400 Denton Tx 5/12/2008 288 Units 876 Beds Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Totals Occupancy 85%85%85%85%85%85%85%85%85%85%85%85%85% The Ridge at North Texas 5656 Telephone - Basic 850 850 850 850 850 850 850 850 850 850 850 850 10,200 5657 Telephone - Long Distance 215 215 215 215 215 215 215 215 215 215 215 215 2,580 5665 Answering Service/Pagers 200 200 200 200 200 200 200 200 200 200 200 200 2,400 5805 Postage 250 250 250 250 250 250 250 250 250 250 250 250 3,000 5810 Courier/Overnight Delivery 200 200 200 200 200 200 200 200 200 200 200 200 2,400 5820 Computer Supplies 0 0 0 0 0 0 0 0 0 0 0 0 0 5825 Computer Equip-Software 25 25 25 25 2,025 775 25 25 25 25 25 25 3,050 5838 Bank Charges 10 10 10 10 10 10 10 10 10 10 10 10 120 5839 Employee Evaluations 0 0 0 0 0 0 0 0 0 0 0 0 0 5840 Credit Card Charges 600 600 600 600 600 600 600 600 600 600 600 600 7,200 5842 Office Supplies 300 300 300 300 300 300 300 300 300 300 300 300 3,600 5843 Office Decorations 75 75 75 75 75 75 75 75 75 75 75 75 900 5844 Safety Equipment 75 75 75 75 75 75 75 75 75 2,000 75 75 2,825 5845 Fire Alarm Inspection/Equipment 0 0 0 0 0 0 0 0 0 5,000 0 0 5,000 5846 Printing and Stationary 150 150 150 150 150 150 150 150 150 150 900 150 2,550 5847 Copier/Fax Expense 700 700 700 700 700 700 700 700 700 700 700 700 8,400 5852 Licenses/Permits/Fees 50 50 50 50 50 50 50 50 50 50 50 50 600 5865 Security/Alarm Expense 80 80 80 80 80 80 80 80 80 80 80 80 960 5887 Employee Training/Education 0 0 0 200 0 0 0 200 0 0 0 200 600 5890 Other Administrative Expense 5,450 450 450 450 450 450 450 450 450 450 450 450 10,400 Total Administration Expense 9,230 4,230 4,230 4,430 6,230 4,980 4,230 4,430 4,230 11,155 4,980 4,430 66,785 6110 Extermination 330 330 430 330 330 430 330 330 430 330 330 430 4,360 6115 Landscape Contract 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000 6130 Protection Services Contract 0 0 0 0 0 0 0 0 0 0 0 0 0 6145 Cleaning 0 0 0 0 0 0 0 0 0 0 0 0 0 6150 Other Contract Services 180 180 180 180 180 180 180 180 180 180 180 180 2,160 Total Contract Services 3,510 3,510 3,610 3,510 3,510 3,610 3,510 3,510 3,610 3,510 3,510 3,610 42,520 6160 Alarm System Repair 50 50 50 50 50 50 50 50 50 50 50 50 600 6165 Appliance Repair 250 250 250 250 250 250 250 250 250 250 250 250 3,000 6185 Interior Electrical Repair 50 50 50 50 50 50 50 50 50 50 50 50 600 6190 Interior Light Bulbs 150 150 150 150 150 150 150 150 150 150 150 150 1,800 6195 Interior Paint and Wallpaper 50 50 50 50 50 50 50 50 50 50 50 50 600 6200 Carpet Clean/Repair/Dry 475 475 475 475 475 475 475 475 475 475 475 475 5,700 6205 Interior Sheetrock Repair 50 50 50 50 50 50 50 50 50 50 50 50 600 6210 Interior Vinyl and Tile 50 50 50 50 50 50 50 50 50 50 50 50 600 6215 Plumbing Repair 200 200 200 200 200 200 200 200 200 200 200 200 2,400 6235 Janitorial Supplies 500 150 150 150 250 150 150 150 150 250 175 500 2,725 6240 Window Covering Repair 0 0 0 0 0 0 0 0 0 0 0 0 0 6245 Recreation Facility Repair 100 100 100 100 100 100 100 100 100 100 100 100 1,200 6250 Locks and Keys 100 100 100 100 100 100 100 100 100 100 100 100 1,200 6265 Other Interior Repairs and Maintenance 250 250 250 250 250 250 250 250 250 250 250 250 3,000 Total Interior Maintenance 2,275 1,925 1,925 1,925 2,025 1,925 1,925 1,925 1,925 2,025 1,950 2,275 24,025 Denton Tx 5/12/2008 288 Units 876 Beds Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Totals Occupancy 85%85%85%85%85%85%85%85%85%85%85%85%85% The Ridge at North Texas 6275 Pool & Spa Supplies and Repair 250 250 250 250 250 250 250 250 250 250 250 250 3,000 6280 Golf Cart Repair 25 25 25 25 25 25 25 25 25 25 25 25 300 6285 HVAC Repair and Maintenance 300 300 300 300 300 300 300 300 300 300 300 300 3,600 6290 Landscaping Supplies 25 25 200 25 25 25 25 200 25 25 25 25 650 6310 Roof Repairs 300 300 300 300 300 300 300 300 300 300 300 300 3,600 6315 Windows and Screens 125 125 125 125 125 125 125 125 125 125 125 125 1,500 6320 Exterior Paint 50 50 50 50 50 50 50 50 50 50 50 50 600 6325 Exterior Electrical 75 75 75 75 75 75 75 75 75 75 75 75 900 6330 Exterior Light Bulbs 250 250 250 250 250 250 250 250 250 250 250 250 3,000 6335 Exterior Repairs 50 50 50 50 50 50 50 50 50 50 50 50 600 6345 Access Gate Repair 350 350 350 350 350 350 350 350 350 350 350 350 4,200 6350 Walks and Parking Lots 100 100 100 100 100 100 100 100 100 100 100 100 1,200 6360 Tools and Equipment 100 100 100 100 100 100 100 100 100 100 100 100 1,200 6365 Fence Repair 25 25 25 25 25 25 25 25 25 25 25 25 300 Total Exterior Maintenance 2,025 2,025 2,200 2,025 2,025 2,025 2,025 2,200 2,025 2,025 2,025 2,025 24,650 Total Repairs and Maintenance 4,300 3,950 4,125 3,950 4,050 3,950 3,950 4,125 3,950 4,050 3,975 4,300 48,675 6380 Make Ready - Interior Repairs 2,500 2,500 0 0 500 0 0 0 0 1,000 0 2,500 9,000 6385 Make Ready - Int. Rep. - Reimbursement 0 0 0 0 0 0 0 0 0 0 0 0 0 6390 Make Ready - Carpet Cleaning 23,500 0 0 0 500 0 0 0 0 1,000 0 2,000 27,000 6395 Make Ready - Carpet Cleaning - Reimb.0 0 0 0 0 0 0 0 0 0 0 0 0 6400 Make Ready - Carpet Replacement 0 0 0 0 0 0 0 0 0 0 0 0 0 6405 General Cleaning 33,500 0 0 0 500 0 0 0 0 1,000 0 0 35,000 6410 Make Ready - Gen. Clean. - Reimb.0 0 0 0 0 0 0 0 0 0 0 0 0 6415 Make Ready - Interior Paint Repair 52,500 0 0 0 500 0 0 0 0 1,000 0 0 54,000 6420 Make Ready - Interior Paint - Reimb.0 0 0 0 0 0 0 0 0 0 0 0 0 6425 Appliance Repair 2,500 0 0 0 250 0 0 0 0 500 0 1,000 4,250 6430 Lock/Keys 6,000 0 0 0 150 0 0 0 0 150 0 500 6,800 6435 Interior Light Bulbs 1,000 0 0 0 100 0 0 0 0 100 0 100 1,300 6440 Window Covering Repair 250 0 0 0 0 0 0 0 0 0 0 250 500 6445 Tenant Reimbursement 0 0 0 0 0 0 0 0 0 0 0 0 0 6450 Write-offs/Tenant Reimbursement 0 0 0 0 0 0 0 0 0 0 0 0 0 6455 Make Ready - Miscellaneous Exp.4,000 0 0 0 500 0 0 0 0 500 0 500 5,500 6580 Light Fixtures 500 0 0 0 100 0 0 0 0 50 0 250 900 Total Turnover Expense 126,250 2,500 0 0 3,100 0 0 0 0 5,300 0 7,100 144,250 6645 Locator Fees 2,500 10,000 400 400 400 400 400 400 400 400 400 400 16,500 6650 Locator Relations 0 0 0 0 0 0 0 0 0 0 0 0 0 6655 Resident Relations 0 0 0 0 0 0 0 0 0 0 0 0 0 6656 Resident Functions 1,250 500 500 350 750 750 750 350 350 750 250 250 6,800 6658 Campus Events 100 0 0 0 0 2,000 250 0 1,400 0 0 0 3,750 6670 Newspapers 250 250 250 250 250 250 250 250 250 250 250 250 3,000 6675 Magazines 1,175 1,175 1,175 1,175 1,175 1,175 1,175 1,175 1,175 1,175 1,175 1,175 14,100 6685 Brochure Advertising 0 0 2,500 0 0 0 0 0 0 0 0 0 2,500 6690 Direct Mail 0 0 0 0 0 2,000 2,000 0 0 0 0 0 4,000 6695 Apartment Guides 0 0 0 0 0 0 0 0 0 0 0 0 0 6700 Signage/Sign Placement 75 75 75 75 75 75 75 75 75 75 75 75 900 6715 Internet Advertising 900 900 900 900 900 900 900 900 900 900 900 900 10,800 6720 Model Apartment Expense 40 40 40 40 40 40 40 40 40 40 40 40 480 6725 Flags/Banners/Mats 125 125 125 125 125 125 125 125 125 125 125 125 1,500 6730 Office Refreshments 40 40 40 40 40 40 40 40 40 40 40 40 480 6735 Other Advertising & Marketing 75 75 75 75 75 75 1,500 1,500 1,500 75 75 75 5,175 Total Advertising & Promotions 6,530 13,180 6,080 3,430 3,830 7,830 7,505 4,855 6,255 3,830 3,330 3,330 69,985 Denton Tx 5/12/2008 288 Units 876 Beds Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Totals Occupancy 85%85%85%85%85%85%85%85%85%85%85%85%85% The Ridge at North Texas 6910 Legal Fees 200 200 200 200 200 200 200 200 200 200 200 200 2,400 Total Legal Fees 200 200 200 200 200 200 200 200 200 200 200 200 2,400 6915 Accounting Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 6925 Audit Fees 0 0 0 10,000 0 0 0 0 0 0 0 0 10,000 6935 Other Professional Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Professional Fees 0 0 0 10,000 0 0 0 0 0 0 0 0 10,000 0 7205 Travel and Entertainment 0 0 0 0 0 0 0 0 0 0 0 0 0 7210 Airfare 0 0 0 0 0 0 0 0 0 0 0 0 0 7215 Auto Rental/Gas 0 0 0 0 0 0 0 0 0 0 0 0 0 7220 Lodging 0 0 0 0 0 0 0 0 0 0 0 0 0 7225 Meals 0 0 0 0 0 0 0 0 0 0 0 0 0 7240 Parking, Tolls and Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Travel 0 0 0 0 0 0 0 0 0 0 0 0 0 7420 Property Mgmt Fee 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000 Total Management Fee 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 102,000 7510 Property Insurance 1,175 21,564 9,025 9,025 6,950 9,025 6,950 6,950 14,100 9,230 9,230 1,380 104,604 7525 Property Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Insurance and Taxes 1,175 21,564 9,025 9,025 6,950 9,025 6,950 6,950 14,100 9,230 9,230 1,380 104,604 7775 Basic Program Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 7960 Employee Relations/Membership 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Dues and Membership Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 Asset Management Fee 3,352 3,469 3,352 3,352 3,342 3,342 3,342 3,342 3,342 3,342 3,276 3,276 40,128 Total Operating Income 335,156 346,906 335,156 335,156 334,206 334,206 334,206 334,206 334,206 334,206 327,595 327,595 4,012,800 Total Operating Expenses 260,269 118,773 96,909 104,178 97,509 99,234 106,608 97,709 101,984 107,242 94,864 101,289 1,426,695 Net Operating Income 74,887 228,133 238,247 230,978 236,697 234,972 227,598 236,497 232,222 226,964 232,731 226,306 2,586,105 9042 Depreciation/Amoritization 0 0 0 0 0 0 0 0 0 0 0 0 0 9052 Depr - Land Improvements 0 0 0 0 0 0 0 0 0 0 0 0 0 9056 Depr - Buildings and Improvements 0 0 0 0 0 0 0 0 0 0 0 0 0 9076 Depr - Unit Appliances 0 0 0 0 0 0 0 0 0 0 0 0 0 9112 Depr - Furniture and Fixtures 0 0 0 0 0 0 0 0 0 0 0 0 0 9148 Amort. - Cap Oper. Deficits 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Depreciation and Amoritization 0 0 0 0 0 0 0 0 0 0 0 0 0 9410 Interest Expense-Fixed 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 Denton Tx 5/12/2008 288 Units 876 Beds Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Totals Occupancy 85%85%85%85%85%85%85%85%85%85%85%85%85% The Ridge at North Texas 9510 Exterior Paint 0 10,000 0 0 0 0 0 0 0 0 0 0 10,000 9515 HVAC 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 15,000 9520 Landscape 0 0 0 0 0 0 0 0 0 0 0 0 0 9530 Signage 0 0 0 0 0 0 0 0 0 0 0 0 0 9555 Carpet 15,000 5,000 0 0 0 0 0 0 0 1,600 0 3,200 24,800 9570 Countertops 500 0 0 0 0 0 0 0 0 0 0 0 500 9575 Doors 1,750 0 0 0 0 0 0 0 0 0 0 500 2,250 9580 Light Fixtures 500 0 0 0 0 0 0 0 0 0 0 200 700 9590 Blinds 2,000 0 0 0 0 0 0 0 0 100 0 250 2,350 9600 Plumbing 200 200 200 200 200 200 200 200 200 200 200 200 2,400 9605 Recreations Facilities 750 750 750 750 750 750 750 750 750 750 750 750 9,000 9610 Security System 2,000 0 500 0 0 500 0 0 500 0 0 500 4,000 9620 Vinyl 0 0 0 0 0 0 0 0 0 0 0 0 0 9630 Ceiling Fans 500 0 0 0 0 0 0 0 0 150 0 250 900 9635 Appliances 10,000 0 0 2,500 0 0 2,500 0 0 2,500 0 2,500 20,000 9645 Reimbursements 0 0 0 0 0 0 0 0 0 0 0 0 0 9650 Furniture Replacement 37,500 0 0 0 0 0 0 0 0 37,500 0 0 75,000 Total Replacements 71,950 17,200 2,700 4,700 2,200 2,700 4,700 2,200 2,700 44,050 2,200 9,600 166,900 9827 Start-up Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9900 Tax Return Prep Fees 0 0 0 0 0 0 0 0 0 0 0 0 00000000000000 9906 Service Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 9915 Trustee and Issuer ees 417 417 417 417 417 417 417 417 416 416 416 416 5,000 Total Other Expense 417 417 417 417 417 417 417 417 416 416 416 416 5,000 Operating Reserve 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Suspense 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Non-operating Expenses 72,367 17,617 3,117 5,117 2,617 3,117 5,117 2,617 3,116 44,466 2,616 10,016 171,900 CASH FLOW 2,520 210,516 235,130 225,861 234,080 231,855 222,481 233,880 229,106 182,498 230,115 216,290 2,414,205