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HomeMy WebLinkAbout2007-2008 Denton Budget-Revised 6 18 07Denton Tx 5/21/2007 288 Units 876 Beds Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Totals Occupancy 94%94%94%94%93%93%93%93%93%93%93%91%93% 4005 Scheduled Rental Revenue 407,220 407,220 407,220 407,220 407,220 407,220 407,220 407,220 407,220 407,220 407,220 407,220 4,886,640 4030 Gain (Loss) to Lease (5,686)(5,686)(5,686)(5,686)(5,686)(5,686)(5,686)(5,686)(5,686)(5,686)(5,686)(5,686)(68,232) 4045 Short Term Rent Premium 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 4,950 250 250 3,750 48,800 4050 Vacancy Loss (24,433)(24,433)(24,433)(24,433)(28,505)(28,505)(28,505)(28,505)(28,505)(28,505)(28,505)(36,650)(333,920) 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 (19,490)(19,490)(19,490)(19,490)(19,490)(19,490)(11,500)(11,500)(11,500)(11,500)0 0 (162,940) 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 4075 Accelerated Rent 0 0 0 0 2,500 0 0 0 0 0 0 0 2,500 4082 Write-offs Rental Income (4,000)(1,000)(1,000)(1,000)(1,000)(1,000)(1,000)(1,000)(1,000)(2,500)(1,000)(2,500)(18,000) 4085 Non-Resident/Emp. Rnt. Disc. Units (8,960)(8,960)(5,260)(5,260)(5,260)(5,260)(5,260)(5,260)(5,260)(5,260)(5,260)(5,260)(70,520) Total Rental Income 349,601 352,601 356,301 356,301 354,729 352,229 360,219 360,219 360,219 354,019 367,019 360,874 4,284,328 Economic Occupancy 86%87%87%87%87%86%88%88%88%87%90%89%88% 4095 Garage/Carport Rent 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 19,200 4096 Garage/Carport Concession 0 0 0 0 0 0 0 0 0 0 0 0 0 4105 Pet Fees/Rent/Non-Ref Dep.60 60 60 60 60 60 60 60 60 60 60 60 720 4115 Storage Rental Income 0 0 0 0 0 0 0 0 0 0 0 0 0 4155 Vending Income 10 10 10 10 10 10 10 10 10 10 10 10 120 4175 Application Fees 100 100 100 100 500 3,000 4,000 4,500 3,500 2,500 500 100 19,000 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 600 600 600 600 600 600 1,500 600 750 750 750 750 8,700 4200 NSF Fees 100 100 100 100 100 100 100 100 100 100 100 100 1,200 4205 Late Fees 500 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,900 32,400 4210 Access Card Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 4215 Damages 4,500 750 750 500 1,000 500 500 500 500 3,000 3,000 3,000 18,500 4216 Write-Offs Damages 0 0 0 0 0 0 0 0 0 0 0 0 0 4217 Administrative Fees 250 250 250 250 250 250 250 250 250 250 250 250 3,000 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 60 60 60 60 60 60 60 60 60 60 60 60 720 4305 Other Rental Income (Misc. Income)200 200 200 200 200 200 200 200 200 200 200 200 2,400 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 7,980 6,630 6,630 6,380 7,280 9,280 11,180 10,780 9,930 11,430 9,430 9,030 105,960 Total Income 357,581 359,231 362,931 362,681 362,009 361,509 371,399 370,999 370,149 365,449 376,449 369,904 4,390,288 The Ridge at North Texas Denton Tx 5/21/2007 288 Units 876 Beds Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Totals Occupancy 94%94%94%94%93%93%93%93%93%93%93%91%93% The Ridge at North Texas 5023 Salaries - Management 15,096 12,096 10,096 15,019 10,096 10,096 10,246 10,246 10,246 15,169 10,246 10,246 138,900 5025 Hourly Wages - Service 15,937 6,665 6,665 9,897 6,665 6,665 6,665 6,665 6,665 9,897 6,665 6,665 95,712 5030 Hourly Wages - Housekeeping 0 0 0 0 0 0 0 0 0 0 0 0 0 5045 Overtime 5,000 0 0 0 0 0 0 0 0 0 0 0 5,000 5046 Overtime - Management 0 0 0 0 0 0 0 0 0 0 0 0 0 5047 Overtime - Service 0 0 0 0 0 0 0 0 0 0 0 0 0 5050 Overtime - Maint/Grounds 0 0 0 0 0 0 0 0 0 0 0 2,000 2,000 5055 Overtime - Housekeeping 0 0 0 0 0 0 0 0 0 0 0 0 0 5062 Temporary Employment 2,000 0 0 0 0 0 0 0 0 0 0 0 2,000 5080 Payroll Taxes 4,545 3,198 2,099 3,073 2,099 2,099 2,116 2,116 2,116 3,091 2,116 2,116 30,785 5090 Group Insurance 1,560 1,560 1,560 1,560 1,560 1,560 1,560 1,560 1,560 1,560 1,560 1,560 18,720 5100 Workers Compensation 4,203 2,957 1,940 2,842 1,940 1,940 1,957 1,957 1,957 2,858 1,957 1,957 28,466 5105 Employer 401k Contributions 0 0 0 0 0 0 0 0 0 0 0 0 0 5114 Uniforms 0 0 2,000 0 0 0 0 0 0 0 0 0 2,000 5117 Other Personnel Expense 50 0 0 500 0 0 0 0 500 0 0 0 1,050 5146 Employee Screening Fees 25 25 25 25 25 25 25 25 25 25 25 25 300 5147 Employee Recruiting Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 5149 Help Wanted Newspaper Ad 50 50 50 50 50 50 50 50 50 50 50 50 600 5190 Leasing Commissions 7,000 8,000 800 800 800 800 800 800 800 800 800 800 23,000 Total Personnel Expense 55,466 34,551 25,235 33,766 23,235 23,235 23,419 23,419 23,919 33,450 23,419 25,419 348,533 5411 Electricity-Clubhouse 5,200 5,200 5,200 5,200 5,200 5,200 5,200 5,200 5,200 5,200 5,200 5,200 62,400 5413 Electricity-Vacants 3,200 3,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 4,200 21,400 5414 Electricity-Reimbursements (1,200)0 0 0 0 0 0 0 0 0 0 0 (1,200) 5436 Water/Sewer-Clubhouse 0 0 0 0 0 0 0 0 0 0 0 0 0 5442 Water/Sewer-Residents 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 21,000 252,000 5456 Gas 0 0 0 0 0 0 0 0 0 0 0 0 0 5460 Gas-Clubhouse/Models 400 400 400 400 400 400 400 400 400 400 400 400 4,800 5475 Refuse Removal 4,000 2,700 2,700 2,700 2,700 2,700 2,700 2,700 2,700 2,700 2,700 4,300 35,300 5505 Cable 5,100 5,100 5,100 5,100 5,100 5,100 5,100 5,100 5,100 5,100 5,100 5,100 61,200 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 7,446 7,446 7,446 7,446 7,446 7,446 7,446 7,446 7,446 7,446 7,446 7,446 89,352 Total Utilities 45,146 45,046 43,046 43,046 43,046 43,046 43,046 43,046 43,046 43,046 43,046 47,646 525,252 Denton Tx 5/21/2007 288 Units 876 Beds Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Totals Occupancy 94%94%94%94%93%93%93%93%93%93%93%91%93% The Ridge at North Texas 5656 Telephone - Basic 1,150 1,150 1,150 1,150 1,150 1,150 1,150 1,150 1,150 1,150 1,150 1,150 13,800 5657 Telephone - Long Distance 225 225 225 225 225 225 225 225 225 225 225 225 2,700 5665 Answering Service/Pagers 150 150 150 150 150 150 150 150 150 150 150 150 1,800 5805 Postage 440 265 640 440 265 265 440 265 640 440 265 265 4,630 5810 Courier/Overnight Delivery 250 250 250 250 250 250 250 250 250 250 250 250 3,000 5820 Computer Supplies 100 100 100 100 100 100 100 100 100 100 100 100 1,200 5825 Computer Equip-Software 50 50 50 50 50 50 50 50 50 50 50 50 600 5838 Bank Charges 25 25 25 25 25 25 25 25 25 25 25 25 300 5839 Employee Evaluations 0 0 0 0 0 0 0 0 0 0 0 0 0 5840 Credit Card Charges 800 800 800 800 800 800 800 800 800 800 800 800 9,600 5842 Office Supplies 300 300 300 300 300 300 300 300 300 300 300 300 3,600 5843 Office Decorations 0 100 100 150 50 75 50 75 75 50 50 50 825 5844 Safety Equipment 75 75 75 75 75 75 75 75 75 75 75 75 900 5845 Fire Alarm Inspection/Equipment 150 300 150 300 150 300 150 300 150 4,200 150 300 6,600 5846 Printing and Stationary 400 400 400 400 400 400 400 400 400 400 400 400 4,800 5847 Copier/Fax Expense 700 575 700 575 700 575 700 575 700 575 700 575 7,650 5852 Licenses/Permits/Fees 0 0 1,500 0 0 0 0 0 200 355 0 0 2,055 5865 Security/Alarm Expense 125 62 62 62 62 62 62 62 62 62 62 62 807 5887 Employee Training/Education 1,500 0 0 0 0 0 0 0 0 0 0 0 1,500 5890 Other Administrative Expense 650 650 650 650 650 650 650 650 650 650 650 650 7,800 Total Administration Expense 7,090 5,477 7,327 5,702 5,402 5,452 5,577 5,452 6,002 9,857 5,402 5,427 74,167 6110 Extermination 500 500 500 500 500 500 500 500 500 500 500 500 6,000 6115 Landscape Contract 3,000 4,500 3,000 3,000 3,000 3,000 4,500 3,000 3,000 4,500 3,000 3,000 40,500 6130 Protection Services Contract 250 150 150 150 150 150 150 150 150 150 150 150 1,900 6145 Cleaning 200 0 200 0 200 0 200 0 200 0 200 0 1,200 6150 Other Contract Services 25 25 25 25 25 25 25 25 25 25 25 25 300 Total Contract Services 3,975 5,175 3,875 3,675 3,875 3,675 5,375 3,675 3,875 5,175 3,875 3,675 49,900 6160 Alarm System Repair 35 35 35 35 35 35 35 35 35 35 35 35 420 6165 Appliance Repair 550 550 550 550 550 550 550 550 550 550 550 550 6,600 6185 Interior Electrical Repair 100 100 100 100 100 100 100 100 100 100 100 100 1,200 6190 Interior Light Bulbs 75 75 75 75 75 75 75 75 75 75 75 75 900 6195 Interior Paint and Wallpaper 200 100 200 200 200 200 200 200 200 200 100 200 2,200 6200 Carpet Clean/Repair/Dry 500 500 500 500 500 500 500 500 500 500 500 500 6,000 6205 Interior Sheetrock Repair 100 100 100 100 100 100 100 100 100 100 100 100 1,200 6210 Interior Vinyl and Tile 50 50 50 50 50 50 50 50 50 50 50 50 600 6215 Plumbing Repair 185 185 185 185 185 185 185 185 185 185 185 185 2,220 6235 Janitorial Supplies 175 175 175 175 175 175 175 175 175 175 175 175 2,100 6240 Window Covering Repair 25 25 25 25 25 25 25 25 25 25 25 25 300 6245 Recreation Facility Repair 125 125 125 125 125 125 125 125 125 125 125 125 1,500 6250 Locks and Keys 60 60 60 60 60 60 60 60 60 60 60 1,100 1,760 6265 Other Interior Repairs and Maintenance 300 300 300 300 300 300 300 300 300 300 300 300 3,600 Total Interior Maintenance 2,480 2,380 2,480 2,480 2,480 2,480 2,480 2,480 2,480 2,480 2,380 3,520 30,600 Denton Tx 5/21/2007 288 Units 876 Beds Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Totals Occupancy 94%94%94%94%93%93%93%93%93%93%93%91%93% The Ridge at North Texas 6275 Pool & Spa Supplies and Repair 100 100 100 100 100 100 100 100 100 100 100 100 1,200 6280 Golf Cart Repair 30 30 30 30 30 30 400 30 30 30 30 30 730 6285 HVAC Repair and Maintenance 150 150 150 150 150 150 150 150 150 150 150 150 1,800 6290 Landscaping Supplies 25 25 200 25 25 25 25 200 25 25 25 25 650 6310 Roof Repairs 500 0 0 0 500 0 0 0 500 0 0 1,500 6315 Windows and Screens 200 50 50 50 50 50 50 50 50 50 50 200 900 6320 Exterior Paint 75 25 75 25 75 25 75 25 75 25 25 25 550 6325 Exterior Electrical 50 50 50 50 50 50 50 50 50 50 50 50 600 6330 Exterior Light Bulbs 300 150 150 150 150 150 150 150 150 150 150 150 1,950 6335 Exterior Repairs 50 50 50 50 50 50 50 50 50 50 50 50 600 6345 Access Gate Repair 1,500 50 50 50 50 50 50 50 50 50 50 50 2,050 6350 Walks and Parking Lots 1,500 25 25 25 25 25 25 25 25 25 25 25 1,775 6360 Tools and Equipment 50 50 50 50 50 50 50 50 50 50 50 50 600 6365 Fence Repair 25 25 25 25 25 25 25 25 25 25 25 25 300 Total Exterior Maintenance 4,555 780 1,005 780 830 1,280 1,200 955 830 1,280 780 930 15,205 Total Repairs and Maintenance 7,035 3,160 3,485 3,260 3,310 3,760 3,680 3,435 3,310 3,760 3,160 4,450 45,805 6380 Make Ready - Interior Repairs 6,000 2,500 100 100 1,000 100 100 100 100 1,000 1,000 2,500 14,600 6385 Make Ready - Int. Rep. - Reimbursement 0 0 0 0 0 0 0 0 0 0 0 0 0 6390 Make Ready - Carpet Cleaning 22,500 800 800 200 1,000 200 200 200 200 1,000 2,000 2,000 31,100 6395 Make Ready - Carpet Cleaning - Reimb.0 0 0 0 0 0 0 0 0 0 0 0 0 6400 Make Ready - Carpet Replacement 10,000 0 0 0 1,000 0 0 0 0 1,000 0 0 12,000 6405 General Cleaning 32,000 1,500 0 0 0 0 0 0 500 1,500 0 0 35,500 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 43,000 1,500 500 0 500 0 0 0 0 1,000 1,000 0 47,500 6420 Make Ready - Interior Paint - Reimb.0 0 0 0 0 0 0 0 0 0 0 0 0 6425 Appliance Repair 3,500 75 75 75 500 75 75 75 75 75 75 1,000 5,675 6430 Lock/Keys 2,000 500 0 0 150 0 0 0 0 150 100 1,000 3,900 6435 Interior Light Bulbs 500 250 0 0 100 50 0 0 0 100 0 1,000 2,000 6440 Window Covering Repair 250 250 0 0 0 0 0 0 0 0 0 250 750 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.4,000 500 100 100 1,000 100 100 100 100 100 100 100 6,400 6580 Light Fixtures 600 0 0 0 100 0 0 0 0 0 0 300 1,000 Total Turnover Expense 124,350 7,875 1,575 475 5,350 525 475 475 975 5,925 4,275 8,150 160,425 6645 Locator Fees 250 0 0 0 0 0 0 0 0 250 0 500 6650 Locator Relations 0 0 0 0 0 0 0 0 0 0 0 0 0 6655 Resident Relations 250 250 250 250 250 250 250 250 250 250 250 250 3,000 6656 Resident Functions 1,000 300 200 500 250 250 250 250 500 250 250 250 4,250 6658 Campus Events 100 0 0 0 0 2,000 250 0 1,400 0 0 0 3,750 6670 Newspapers 0 0 0 0 0 500 1,000 1,300 1,000 1,000 0 0 4,800 6675 Magazines 550 550 2,500 550 550 550 550 550 550 550 550 550 8,550 6685 Brochure Advertising 250 0 0 1,500 0 0 0 0 0 0 0 0 1,750 6690 Direct Mail 0 0 0 1,500 0 0 0 0 0 0 0 0 1,500 6695 Apartment Guides 0 0 0 0 0 0 0 0 0 0 0 0 0 6700 Signage/Sign Placement 0 500 300 0 0 0 0 0 0 0 0 0 800 6715 Internet Advertising 3,598 900 900 900 900 3,000 900 3,000 900 900 900 900 17,698 6720 Model Apartment Expense 300 25 25 25 25 25 25 25 25 25 25 0 550 6725 Flags/Banners/Mats 75 75 75 75 75 75 75 75 75 75 75 75 900 6730 Office Refreshments 200 200 200 200 200 200 200 200 200 200 200 200 2,400 6735 Other Advertising & Marketing 75 75 75 75 75 75 3,000 75 75 3,000 75 75 6,750 Total Advertising & Promotions 6,648 2,875 4,525 5,575 2,325 6,925 6,500 5,725 4,975 6,500 2,325 2,300 57,198 Denton Tx 5/21/2007 288 Units 876 Beds Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Totals Occupancy 94%94%94%94%93%93%93%93%93%93%93%91%93% 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 0 125 0 150 0 150 0 150 0 150 150 875 7210 Airfare 0 0 0 0 0 0 0 0 0 0 0 0 0 7215 Auto Rental/Gas 200 100 100 100 100 150 150 0 100 100 100 100 1,300 7220 Lodging 100 0 0 0 0 0 0 0 0 0 0 0 100 7225 Meals 100 0 50 0 50 0 50 0 50 0 50 50 400 7240 Parking, Tolls and Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Travel 400 100 275 100 300 150 350 0 300 100 300 300 2,675 Mangement Fee- Variable 4,015 4,073 4,203 4,194 4,170 4,153 4,499 4,485 4,455 4,291 4,676 4,447 51,660 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 12,515 12,573 12,703 12,694 12,670 12,653 12,999 12,985 12,955 12,791 13,176 12,947 153,660 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 25 25 25 25 25 25 25 25 25 25 25 25 300 Total Dues and Membership Fees 25 25 25 25 25 25 25 25 25 25 25 25 300 Asset Management Fee 3,576 3,592 3,629 3,627 3,620 3,615 3,714 3,710 3,701 3,654 3,764 3,699 43,903 Total Operating Expenses 264,025 138,621 111,295 127,543 106,688 108,671 108,596 105,387 113,682 130,059 108,433 111,919 1,578,822 Net Operating Income 93,556 220,610 251,635 235,138 255,321 252,838 262,802 265,611 256,466 235,390 268,016 257,985 2,811,466 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 5/21/2007 288 Units 876 Beds Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Totals Occupancy 94%94%94%94%93%93%93%93%93%93%93%91%93% The Ridge at North Texas 9510 Exterior Paint 0 0 0 0 0 0 0 0 0 0 0 0 0 9515 HVAC 2,000 1,000 100 100 100 100 100 100 100 1,000 1,000 1,000 6,700 9520 Landscape 0 0 500 0 0 0 700 0 0 0 0 0 1,200 9530 Signage 0 0 0 0 0 0 0 0 0 0 0 0 0 9555 Carpet 17,000 0 0 0 0 0 0 0 800 900 0 6,000 24,700 9570 Countertops 0 0 0 0 0 0 0 0 0 0 0 0 0 9575 Doors 8,000 0 0 0 0 0 0 0 0 0 0 0 8,000 9580 Light Fixtures 1,000 0 0 0 0 0 0 0 0 0 0 400 1,400 9590 Blinds 3,000 0 0 0 100 0 0 0 100 0 750 3,950 9600 Plumbing 3,000 0 0 0 250 0 0 0 0 0 250 0 3,500 9605 Recreations Facilities 5,000 0 4,000 2,000 0 0 0 0 0 0 0 0 11,000 9610 Security System 1,500 0 0 0 0 0 0 0 0 0 0 1,500 9620 Vinyl 1,500 0 0 0 0 0 0 0 0 0 0 1,500 9630 Ceiling Fans 500 0 0 0 100 0 0 0 0 0 0 250 850 9635 Appliances 3,000 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 21,700 9645 Reimbursements 0 0 0 0 0 0 0 0 0 0 0 0 0 9650 Furniture Replacement 37,500 3,000 0 4,000 0 0 0 0 0 0 0 0 44,500 Total Replacements 83,000 5,700 6,300 7,800 2,150 1,900 2,500 1,800 2,600 3,700 2,950 10,100 130,500 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 0 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 83,417 6,117 6,717 8,217 2,567 2,317 2,917 2,217 3,016 4,116 3,366 10,516 135,500 CASH FLOW 10,139 214,493 244,918 226,921 252,754 250,521 259,885 263,394 253,450 231,274 264,650 247,469 2,675,966 - Security Deposit Refunds 10,000 10,000 MONTHLY CASH FLOW 139 214,493 244,918 226,921 252,754 250,521 259,885 263,394 253,450 231,274 264,650 247,469 2,665,966