Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
2002-2003 Ballpark Operating Budget JeffersonCommons UT
A. Summaries B. Income C. Expense V ? W Z p e N p m Z U. 0 Q J =p W 0. N O N r 5 m v > W 13 w w x U fA z W m M N N O O0 O N. O tn0 Q1 tp N VO N 2 c� v o o co in m m m Q n V N N r N C7 Fo- Z Q ) in \ 0 o R N j H lz !L 2 � O O o 0 a 0 0 0 0 16 o o 0 O 0 0 0 <ri .- N O fl d 0 1 Q N � N 0 O O O m O 3 to O O O O I S N O V O O O S O { i O O O O S I O O O I m I � j O C � n o 0 0 T co 2�i _ V LL G y � d � . a {Wiy m m F Q N m m FN N } � N O J A U C O m h W � W m c � f17 o a` � m � _ c> > c � c o — � o z v z z a Z O a E 6 \ ir \ \ °\\\\\ °o°!§ !!|)( »)) }j 2}ir/)/ § ; ! d § \ \ 0 \ \ § § / § § IN I ~\ \8 ) / / E � / ( § �( \ ¢ _ - ..... ))({ , \E / C, o m v a 3 o m a E0 ¢EE� o _ 0 0 0 N C m EO O � EO g A 0- o g r `m U (7 m 0 0 o x � U 0 U U 0 in o `o o m o ae as U F i ME E `0 m N 8 S r 0 0 0 0 0 m o H H � > Y b LL w a M la E E $ o c w F Z c a O E a z z w a w a o maw � m o U � � � ¢ m m a, o 0 ax 3a U F- W z O U z J F z w Ir ir r a 0 a w O O O O O O O O O O O } } O Q n ` O LL o a is E. 0 4 0 o R N a` _ _ _ N z O U) N uj U z O U J z z w cr 0 a w 0 O U 3 0 0 o as moo Q Y 0 0 0 0 0 m w W a = = = c 0 E M N N {L E 00 N ¢ LU a W U. U 5 0 0 m m U U E E U \ z § k \ ) \\\\ o ` ) uj IL LLI \ k \ \ § ( > ; ; j / \ B \ e — 0 0 0 00 oa o 00 00 m o o a o O `o H-'-- O O a E V m-& w 0 E o E E o o o o ai W z Z W 2 W m m io cr Y J H i E 0 U E o U Fo- 0 S s o 0 0 0 0 0 0 m o 0 0 o m 10 0 0 o F 0 U O. LL m N w LL O O O o Z E a m o o E o o E [In u in N .J T O 0 N N C O N L O N Q o _ U — E N Q Q v E o a m LU W OI � � y U LL R N L N D d J Q Q N m o a a ,y m o 0 a W W LL Z O Q U J a d G o T 0 0 O 0 0 O: O O LL W O LL o � E ? m a a 0 0 0 o o m C = U U U 0 0 0 o w 0 m _U m U O o N C B Q tL t E m n n c ¢ 2 Q Q Z E a�t°i U o f o -too m E Z U 0Vl ¢Fo- (J § k � \ 0 § § k w \ LL § ( ( ) 8 S U) W W H W W cc Q o ° ax t- b IL w a � EE o� c C E E U W w LL Q U N to w U U C 0 E 0 0 O O O O O O 0 0 O 00 00 N 0 0 0 F O 611 p 0 O � D O O O m m Y y r ❑ cc O m m o 0 o m m m m m m m M i 0 N N w a S Q S U F z w 0 y W S y O w Z Q w U N 2 W 2 O U Z N Z D W Z O S a W W t- Z o E o 0 m F- o w co z w a x w U F Z w z O x G LLl Ill F 0 1- m o F Y > 0 N o O L W m o O aN w w F w O U z N F z Ui m 6 U No LL � m o 3 E IO w to z w a x w h Z w m Q U m e a m � c a�i n w w m Z 0 N n w d U N E E U W 2 0 z _z fA r z K W W N o[ w I-- e v LL p W m o a ai m OE 3 E o W in z W a x w y r z m W W y .6 cr Q 0 v 0 o W 0 d � o w d a o_ w w 3 o a EE m ¢EEC Io W z z w W cc U z 4 N O z z O x N n a 0 o go Sao o0 00 F o 00 w 0 m a Eo 0 c E E °m 0 o o 5 ° = = 3 O O LL W a a O o E o o — ,; c M Z O N ao W U Z O U W W LL Q cc Q Z O O U ti N a` $ n o a o a NO 0 w W ' a � o � y m n � w w i 25 0 0 pp ' a wil1wrk l `s+ F�z L � M u C t/) Wc vxz s o 0 'm e Y � O L , E_ W V � � E e W N Q LD X t E N V h b r — — 0 z "d ¢ t E 0 0 \ \ \ \ tg a N 0 e I U o F T 8 c c 8 O r F- F U U F c�L C.JI s§ /g%\ jii / )/j) \ } ) ) 2 ( � \ + v c 0 N 0 y n U E U U 3 3 3 h No Text U e & ® fm(e // }//$ a ; } 4 c s V F rl 0 n 0 n C n O r 2 E- O C a hw am(L O N N uu IL C)C 0 U o u r i O F ƒ\ ƒ\ } a /) �) // $2 J/± / u ! ) } 9 tO w F v� r C m N O S m O r OV O N b O h F Q F g )ge$ (; {ED °»a // 7f]) }/ <z w } \ $ § § \ \ & ;I oo am m )� �ED ED0� j/ //)/ \ ! j \\ }G%\ // ///{ / / § § & / § =g ja0& \® �``� // }\]/ C U 0 00 0 0 0 00 0 0 a 0 } o� `o II a pvwi� ama n O N N U U d U U y O C n 0 m 0 c F 0 No Text -71 m m 0 0 M n n n F 0 a` co CL N m & ° 2 ¢ k § g 2 / \ - ; &H [I I / } MR / ■ } a » e \ % \ \ 9 9 0 O m -71 r- w N n No Text 4 X cv O 0 Q N r N E E U M n 1% as �\ \\ - )\ \\ \\ \\ $ ct \(\ !\,/ § \ . \ \ n 1� \ia 74 ■ W !) 7e»\ (_ $2»® // //)$ ! \ 9 ¢ . j E-- 0 o So _ o F r s M h 19 ¢ 0 o go _ o a F r C47 F `o Q a m a O T.y UU O, UUS Q IM m a IM \\\ m§ )) co c& (; \\0 /a £Ja2 (/ o & \ a : e / } - §H m z) 7ae& \\ {w°m // e//f m / ;) #az& \e �\\) J/ /33£ } 8 ,� o � S _. � o 0 F �- �' c .✓ W d 'c U �_ �_ _T �_ � O O � a' � ° w a e 0 R a a m O o N U U O-UU= U � v v F ti U c ai 0. W W U Z W w c U U T �n L � o - n [i F F-fl F-71 0 70 0 U: w w ro 0 e, � o U q 2 R m \s /LU mCL =m:� «« ®© 2� 99 e99f )\ 2I ■ \ \ \ \ 9 F,7.-1 F- m H1 94 Qa E5 A 79 No Text ;� / \ m » � & :g jec& \¥ {mCL // 2]/) 1-1 ! \ ) \ :g jas& \f }uiCL °a / \ (LC) \ \\ ,wo A } i No v n N r b r � ! & ,/¥i aloS. ME. } ! \ Q r U F- I § F--1 M & e§ jac& \\\`»a /u j/ }2 (\ \LED ut� // »)j) / \ & y= __\°$\ /` lu \) {wZ` /o »f/{ �§ Week \` �°°� // )]// } U W O F W A z F4 W a W z W u a C G Q EG- O a rWi Qm_a m O o N 0 0 - 0 0 uu aoo » ;ee& §) -01 /u E//) O H U L O 73 O E-- �\\ \ & #§ »IM ( () ) _- - @ -� 3 / {) //\ \ \ § \ \ as A _§ /d/\ (; 20 a J it } )} � \\ �/El \ } } }f ƒ\\ \/ \(. \ \ \ )k § \ } 0 o I 8 o III O F Y } 0 0 n F � W \ \ )a»} =g _\\§ /j/{ % // $ LLI 2 k \ ( fl § \ 2 LU k cc § § z 2 2 t a ® 5 ®m m #d/) \ CL � \w \\0 ( 0 c 0 m 0 0 n F Z W ui W <A cc 2 W C"S Z Z Q W J U H W a cc Q U F I ! ) f 2 \ \ § k k � \ § w k \ � z § \ \ / ( 0 \ k § § k k § 2 § \ I § § z @ § 0 J / \ a z W ui W m m u3 cc - z a z W O O n _ mm No 0 0 � w m o w w 0 m 0 E _ w m � % � � Q E E w m m z S L Q tl m Q h F Q w m N z 0 3 0 z z Cw C IdJ co m D m w g z Q z W t- co 1 U. O uj FE O O n 0 } O m Q m E N c Q E E 0 U U U c w W Q. c c c F w z c E m E cr c A C f 0 H C E E U I 0 I _) fba: LU to (7 <m /J y//$ \}/ 0 O 0 0 0 Lua) ED u u CL C) C c F V c O C O z Q F w c U O 0. m a m a O N N U U a. U U F Q F =a \6»\ 2q >)\§ j/ ƒ//{ « m \ , \% /6 )/j\ j ( ! H :bc« \%/® // (L/)) } 3 0 y c 0 q C O m 00 G c 0 F _ N O O O m � O F _ r �v 0 0 w Q a m as y O N y UU n`.UUS m Fj O m I 0 o go _ o 0 r P 0 U o 4 F ao u Z a s �w a m a O N N U V a.UU 0 U 0 9 0 n` i 0 U T 7 G O w ¢ F m O 0 U G G `c U �0000 o m F r al is z U G C � c o F I O RE 8 a :9 a. U F- R a f- a T L O v � a — 0 N Q Q m n N o U U d U U 5 - S a m c h h F U U d s W JPI MULITFAMILY, INC. 2003 OPERATING BUDGET DETAIL SUMMARY Jefferson Commons at the Ballpark Number of Beds: Project Net Rent Project Number: Ft.: 768 3026700 2003 2002 Variance Annualized Variance 2003 Per Ian-03 Feb-03 Mar-03 Apr-03 May-03 Jun03 Ju1-03 Aug-03 Sep-03 Oct-03 Nov-03 Dec-03 BudgetTotal BudgetTotal 2003/2002 2002 Actuals 2003/Annual Bed RENTAL INCOME 4025 Scheduled Rent Income S399,042 $399,042 $399,042 S399,042 $399,042 $399,042 $399,042 S399,042 $399,042 $399,042 S399,042 S399,042 S4,788,504 $4,838,004 ($49,500) S4,813,270 ($24,766) $519.59 4030 Gain(Loss) to Lease (16,128) (16,105) (16,105) (16,105) (15,887) (15,887) (15,887) (1,710) (1,710) (1,710) (1,710) (1,710) (120,655) (315,052) 194,397 (412,459) 291,804 ($13.09) 4050 Vacancy Loss (24,393) (20,996) (21255) (21,255) (23,329) (25,402) (25,402) (25,890) (26,300) (27,179) (28,058) (28,058) (297,516) (250A28) (47,088) (219,100) (78,417) ($32.28) 4065 Non -Revenue Beds 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0.00 4060 Lease Concessions (450) (899) (899) (899) (899) (899) (899) (12,950) (25,000) (12,500) 0 0 (56,293) (34,394) (21,899) (9,388) (46,905) (S6.11) 4082 Write Off (2,044) (2,063) (2,062) (2,062) (2,051) (2,039) (2,039) (2,117) (2,115) (2,110) (2,105) (2,105) (24,911) (42,725) 17,814 (7,895) (17,016) (S2.70) 4075 Accelerated Rent 0 0 0 0 0 0 0 0 0 0 0 0 0 46,196 (46,196) (2,368) 2,368 $0.00 4080 Write -Offs Accelerated Rent 0 0 0 0 0 0 0 0 0 0 0 0 0 (36,957) 36,957 0 0 $0.00 4040 MTM Rent Premium 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0.00 4045 Rent Premium - Short Term 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 S0.00 Toral Rental Income $356,028 $358,979 S358,721 S358,721 $356,876 $354,815 $354,915 S356,375 $343,917 $355,543 $367,170 $367,170 $4,299,129 S4,204,645 $84,484 $4,162,061 S127,067 $465.40 OTHER INCOME 4095-00001 Garage I Carport Rent 4095-00002 Garage/ Carport Rent Concessions 4095-00003 Garage/ Carport Rent Expense 4105 Pet Fees/Rent/Non-Refd. Dep. 4110 Senior Program Amenities Income 4115-00001 Storage Rental Income 4125 Washer/Dryer Rent Washer/Dryer Rent Concessions (accL 4125) Washer/Dryer Expense (acct. 4125) 4135 Scholarship Rent 4I45 Laundry Facility Income 4155 Vending Income 4160 TelephonelCabiUAtarm 5427 Utility Reimbursement 4170 Car Wash Income Car Wash Expense (acct. 4170) 4175 Application Fees 4177 Application Fee Expense 4185 Cancellation Fees 4187 Write-offs Cancellation Fees 4190 Relet Fees 4200 NSF Fees 4205 Late Fees 4210 Access Card Fees 4215 Damages 4215-06002 . Damages -Carpet 4215-00001 Write -offs -Damages 4217 Non -Refundable Redecorating Fees 4220 Forfeited Deposits 4305 Miscellaneous Resident Charges 4510 Short -Term Investments 4515 interest Income Escrow 4525 Interest Income Other 4520 Notes Receivable 4160-ODD01 Telephone Units Income Telephone Units Expense (acct. 4160-0000 4160-00002 Cable Units Income Cable Units Expense (acct. 4160-00002) 4247 Water & Sewer Units Income Water & Sewer Units Expense (acct 4247) SH - Long Distance Revenue (acct. 4305) 4255-0WD] Common Area Fee 4255.OD002 Common Area Fee Concessions 4260 Lease Violations Income 4311 Write-offs Other Income Total Other Income TOTALINCOME $7,080 1 S7,080 $7,080 S7,080 $7,080 $7,080 $7,080 $7,080 $7,080 S7,080 $7,080 -- -- $7,090 $84,960 so $94,960 so $84,960 $9.22 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,275 (1,275) 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 2,105 2,105 2,105 2,105 2,105 2,105 2,105 2,105 2,105 2,105 2,105 2,105 25,263 0 25,263 0 25,263 2.74 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 8,218 9,218 8,218 8,218 8,218 8,218 8,218 8,218 8 218 8,218 8,218 8,218 98,611 0 98,611 0 98,611 10.70 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 100 100 100 100 100 100 100 100 100 100 100 100 1,200 360 840 1,869 (669) 0.13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0-00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 2,384 2,384 2,384 2,384 2,384 2,384 2,384 2,384 0 0 0 0 19,075 20,340 (1,265) 19,626 (551) 2.07 (954) (954) (954) (954) (954) (954) (954) (954) 0 0 0 0 (7,630) (19,984) 11,354 (21,497) 13,867 (0.83) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,050 (1,050) 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 3,176 (3,176) 11,038 (11,038) 0.00 420 450 450 450 450 420 420 420 420 420 420 420 5,160 5,310 (150) 4,050 1,110 0.56 2,840 2,920 2,920 2,920 2,920 2,990 2,880 2,880 2,840 2,840 2,840 2,840 34,520 21,000 13,520 28,902 5,618 3.75 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 518 (518) 0,00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 120 (120) 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 120 (120) _ 0.00 7,471 7,471 7,471 7,471 7,471 7,471 7,471 0 0 0 0 0 52,300 30,550 21,750 37,062 15,238 5.67 0 0 0 0 0 0 0 0 0 0 0 0 0 1,000 (1,000) 1,058 (1,058) a00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0-602 (6,602) a00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21 (21) 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6,602 (6,602) 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 190,995 (190,995) 0 0 0.00 200 200 200 200 200 200 200 200 200 200 200 200 2,400 600 1,800 932 1,469 0.26 (308) (309) (309) (309) (309) (309) (309) (234) (210) (210) (210) (210) (3,235) ($3,223) (12) $0 (3,235) (0.35) $29,557 $29,666 $29,666 $29,666 S29,666 $29,596 S29,596 $22,200 $20,753 $20,753 $20,753 $20,753 $312,625 $251,125 $61,500 S105,949 $213,278 $33.92 S385,585 $388,644 $388,387 $388,387 $3861542 $384,411 $394,411 $37M75 $364,671 $376,297 $387,923 $387,923 $4,601,753 $4,455,769 $145,994 $4,268,010 S340,345 $5,992 11/06%2002 5:06PM Li. Rem Smomary Pagel/6 JPI MULITFAMILY, INC. 2003 OPERATING BUDGET DETAIL SUMMARY Jefferson Commons at the Ballpark Number of Beds: 768 - Project Net Rentable Sq. Ft.: 250,218 Project Number. 3026700 2003 2002 Variance Annualized Variance 2003 Per fan03 Feb-03 Mar-03 Apr-03 May-03 Jun03 Jul-03 Aug-03 Sep-03 Oct-03 Nov-03 - Dec-03 BudgetTotal BudgetTotal 20032002 2002 Actuals 2003/Annual Bed PERSONNEL EXPENSE 5023 Salaries - Management $10,118 $10,118 $10,118 $10,118 $10,118 $10,118 510,118 $10,118 $10,118 $10,118 510,118 510,118 $121,415 $155,500 534,085 $164,844 $43,429 $158.09 5046 Overtime -Management 0 - 0 0 0 0 0 0 0 0 0 0 0 0 2,940 2,940 0 0 0.00 5047 Overtime -Service 459 459 459 459 459 459 459 459 459 459 459 459 5,508 4,020 (1,488) 5,479 (29) 7.17 5025 Hourly Wages - Service 4,937 4.937 4,937 4,937 4,937 4,937 4,937 4,937 4,937 4,937 4,937 4,937 59,244 62,400 3,156 44,223 (15,021) 77.14 5026 Hourly Wages -Housekeeping 1,560 1,560 1,560 1,560 I,560 1,560 1,560 1,560 1,560 1,560 1,560 1,560 18,720 18,720 0 5,850 (12,870) 24.38 5061 Temporary Employment -Mgt, 0 0 0 0 0 0 0 0 0 0 0 0 0 1,000 LOW 0 0 0.00 5062 Temporary Employment -Sere. 0 0 0 0 0 0 0 1,600 1,600 0 0 0 3,200 3,000 (200) 9,248 6,048 4.17 5190 Leasing Commissions 2,614 2,614 2,614 2,614 2,614 2,614 2,614 2,614 0 0 0 0 20,910 11,400 (9,510) 25,366 4,456 27.23 5080 Payroll Tries L641 1,595 1,471 1,388 1,329 1,307 1,307 3,347 1,307 1,307 1,307 1,307 18,613 19,74I 1,128 21,094 2,481 24.24 5090 Group Insurauce 2,500 2.500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 30,000 28,800 (1,200) 17,701 (12,299) 39.06 5100 Workers Compensation 640 640 640 640 640 640 640 640 640 640 640 640 7,680 4,896 (2,784) 5,452 (2,228) 10.00 5105 Employer 401k Contribution 256 256 256 256 256 256 256 256 256 256 256 256 3,072 1,716 (1,356) 0 (3,072) 4.00 5110 Other Benefits 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 4085 Employee Rent Discount 0 0 0 0 0 0 0 0 0 0 0 0 0 1,260 1,260 (33,177) (33,177) 0.00 5114 Uniforms 0 0 480 0 0 0 0 0 480 0 0 0 960 2,520 1,560 1,110 150 1.25 5146 Employee Screening Fees 0 0 325 0 0 325 0 325 0 0 325 0 1,300 1,460 160 3,310 2,010 1.69 5147 Employment Fees aad Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 161 161 0.00 5148 Employee Moving Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 5149 Help Wanted Newspaper Ads 100 0 0 100 0 0 100 0 0 100 0 0 400 1,350 950 0 (400) 0.52 51I7 Other Personnel Expense 2,500 2,500 2,500 2,500 2,500 2,500 2,500 - 2,500 2,500 2,500 2,500 2,500 M,000 0 (30,000) 0 (530,000) $39.06 Total Personnel Expense $27,325 $27,179 527,860 $27,072 $26,913 $27,216 $26,991 530,856 $26,357 $24,377 $24,602 524,277 S321,022 5320,723 ($299) 5277,258 ($50,362) $418.00 CONTRACT SERVICES 6110 Exterminating 5422 $422 5422 $422 $422 $422 $422 $422 S422 $422 5422 $422 55,064 54,584 (5480) $4,067 (5997) $6.59 6115 Landscape Contract 2,750 2,750 2,750 7,734 2,750 2,750 2,750 2,750 7,734 2,750 2,750 2,750 42,968 50,483 7,515 42,943 (25) 55.95 6120 Ponds/Lake/Fount.-Conte 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 6125 Pool Contract 100 I00 300 300 300 300 300 300 300 100 100 100 2,600 2,250 (350) 0 (2,600) 3.39 6130 Protection Services Contract 0 0 0 0 0 0 0 0 .0 0 0 0 0 12,240 12,240 17,139 17,139 0.00 6135 Snow/Ice Removal Contract 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 6140 Elevator Maintenance Contract 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 6145 Cleaning 300 300 300 300 300 300 300 300 300 300 300 300 3,600 3,600 0 0 (3,600) 4.69 6150 Other Contract Services 250 250 250 250 250 250 250 250 250 250 250 250 3,000 2,700 (300) 675 (2,325) 3.91 Total Conrracr Services $3,822 53,822 54,022 $9,006 $4,022 $4,022 54,022 54,022 59,006 $3,822 53,822 $3,822 557,232 $75,857 $18,625 $64,824 $7,592 $74.52 UTILITIES 5411 Electricity - House $3,784 $3,784 53,784 $3,784 $3,784 53,784 53,784 $3,784 53,784 53,784 53,784 $3,784 545,408 $32,200 (S13,208) $41,636 ($3,772) 559A3 5413 Electricity - Vacant 0 0 0 0 0 0 0 0 0 0 0 0 0 5,660 5,660 2,770 2,770 0.00 5412 Electricity - Models 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 5456 Gas 276 276 276 276 276 276 276 276 276 276 276 276 3,312 1,940 (1,372) 3,716 404 4.31 5458 Gas -Vacant 0 0 0 0 0 0 0 0 0 0 0 0 0 2,765 2,765 0 0 0.00 5436 Water/Sewer 5,467 5,467 5,467 5,467 5,467 5,467 5,467 5,467 5,467 5,467 5,467 5,467 65,604 26,079 (39,525) 71,662 6,058 85.42 5438 Wawrfs- Va-ts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 5475 Refuse Removal 1,000 1,000 1,000 1,000 1,000 1,000 LOW 2,460 2,000 1,000 LOW 1,000 14,460 19,324 3,864 HA69 (2,991) 18.83 5515 Resident Telephone Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 5442 Resident Water 2,688 2,688 2,688 2,688 2,688 2,689 2,688 2,688 2,688 2,688 2,688 2,688 32,256 111,380 79,124 35,237 2,981 42.00 5525 Resident Internet 8,448 8,448 8,448 8,448 8,448 8,448 8,448 8,708 8,448 8,448 8,448 8,448 101,636 119,725 18,089 92,593 (9,043) 132.34 Resident Electricity (accr 5413) 0 0 0 0 0 0 0 0 0 0 0 0 0 5,660 5,660 2,770 2,770 0.00 5414 Utility Reimbmaement/Electricity 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 5515 Utility Reimbursement/Water A. Sewer 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 5515 Telephone Reimbursement 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 5505 Cable 7,014 7,014 7,014 7,014 7,014 7,014 7,014 7,014 7,014 7,014 7,014 7,014 84,168 60,442 (23,726) 79,854 (4,314) 10959 5520 Other Fuels / Diesel 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 Total Utilities $28,677 $29,677 $28,677 $28,677 $29,677 $28,677 528,677 $30,397 $29,677 528,677 $28,677 $28,677 $346,844 $384,175 $37,331 $341,706 ($5,138) $451-62 INTERIOR MAINTENANCE 6160 Alarm System Repair 5263 5253 S253 $253 $263 $253 $253 $253 $253 S253 $253 S253 $3,056 $200 ($2,856) 52,840 (5216) 53.98 6165 Appliance Repair 27 27 27 27 27 24 27 27 27 27 27 27 321 200 (121) 138 (183) 0.42 6170 Cable TV Repair 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 6175 Counter Repair 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 6225 Elevator Repairs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 6180 Fireplace Repair 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 i t106(1l?J2 5:06PM line I-Sawnan• Page 216 JPt MULTI tAIRIILY, 1Ni:. 2W3 OPERATING BUDGET DETAIL SUMMARY Jefferson Corrtrnons at the Ballpark Number of Beds: 768 Project Net Rentable Sq. FL: 250,218 Project Number. 3026700 2003 2002 Variance Annualized Variance 2003 Per Jan-03 Feb-03 Mar-03 Apr-03 May-03 Jun03 Ju1-03 Aug-03 Sep-03 Oct-03 Nov-03 Dec-03 BudgetTotal BudgezTotal 20032002 2002 Actuals 2003/Armual Bed 6230 Interior Corridor 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 6185 Interior Electrical Repair 150 150 0 0 0 0 0 0 0 0 150 150 600 150 (450) 228 (372) 0.78 6190 Interior Light Bulbs 60 60 60 60 60 60 60 60 60 60 60 60 720 540 (180) 1,039 319 0.94 6195 Interior Paint 0 0 25 0 0 25 0 0 25 0 0 25 100 810 710 108 8 0.13 6265 Interior Repays 165 165 165 165 165 165 165 165 165 165 165 165 1,980 760 (1,220) 4,839 2,859 2.58 6205 Interior Sheenuck Repair 80 80 80 80 80 80 80 80 80 80 80 80 960 400 (560) 78 (882) 1.25 6210 interior Vinyl & Tile 25 0 0 0 25 0 0 0 25 0 0 0 75 240 165 336 261 0.10 6235 Janitorial Supplies 70 70 70 70 70 70 70 70 70 70 70 70 840 1,200 360 2,158 1,318 1.09 6240 Window Covering Repair 40 40 40 40 40 40 40 40 40 40 40 40 480 175 (305) 0 (480) 0.63 6215 Plumbing Repair 100 100 100 100 100 100 too 100 100 100 100 100 1,200 750 (450) 140 (1,060) 1.56 6245 Recreation Facilities Repair 25 25 100 425 25 100 25 25 25 100 25 25 925 300 (625) 1,781 856 120 Wallpaper Repair (acct. 6195) 0 0 0 0 0 0 0 0 0 0 0 0 0 810 810 108 108 0.00 6200 Carpet Cleaning/Repair/Dyes 105 55 55 105 55 105 55 105 105 55 55 105 960 360 (600) 3,179 2,218 1,25 6250 Locks and Keys 71 36 46 61 46 61 46 61 46 61 46 61 642 565 (77) 646 4 0.84 6265 Other later., Maintenance 98 98 98 98 98 98 98 98 98 98 98 98 1,176 760 (416) 4,839 3,663 1.53 4215 Tenant Reimbursement Stdnt Housing 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 120 120 0.00 Tenant Reimb. - Collection Loss 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 120 120 0.00 Total Interior Maintenance $1,279 $1,159 $1,119 $1,494 51,054 $1,181 $1,019 $1,084 $1,119 51,109 $1,169 $1,259 $14,035 58,220 ($5,815) $22,695 $8,660 518.27 EXTERIOR MAINTENANCE 6275 Pool& Spa Supplies $50 S50 5100 $100 $500 $100 $100 $100 5100 $50 S50 $50 $1,350 $3,475 $2,125 $1,400 S50 $1.76 Pool in -House (acct. 6275) 0 0 0 0 0 0 0 0 0 0 0 0 0 3,475 3,475 1,400 1,400 0.00 6280 GolfCan Repair 25 25 155 25 25 25 155 25 155 25 25 25 690 720 30 24 (666) 0.90 6285 HVAC Repair/Maintenance 200 200 50 50 300 200 200 1,602 200 50 200 200 3,452 1,712 (1,740) 2,112 (1,340) 4.49 Boiler Pans and Repairs (-t. 6285) 0 0 0 0 0 0 0 0 0 0 0 0 0 1,712 1,712 2,112 2,112 0.00 6290 Landscape Supplies 0 100 100 100 100 100 100 100 100 100 0 0 900 700 (200) 165 (735) 117 6295 Ponds/Lakes/Fount. R&M 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 6145 Contract Cleaning 0 0 0 0 0 0 0 0 0 0 0 0 0 3,600 3,600 0 0 0.00 6305 Exterior Walls 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 115 115 0.00 6310 Roof Repairs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 6315 Windows and Screens 0 250 0 0 250 250 250 0 0 0 0 0 1,000 520 (480) 884 (116) 1.30 6370 Other Exterior Repairs/Maint. 75 75 75 75 75 75 75 75 75 75 75 75 900 1,000 100 140 (760) 1.17 6320 Exterior Paint 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 355 355 0.00 6325 Extesior/Garage Elect. Repair 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 98 98 0.00 6330 Exterior Light Bulbs 65 0 65 0 65 4,030 65 0 65 0 65 0 4,420 780 (3,640) 2,229 (2,191) 5.76 6345 Access Gate Repair 0 0 0 0 0 0 0 0 0 0 0 0 0 900 900 1,363 1,363 0.00 6350 Walks & Parking Lots 0 0 0 0 0 0 0 0 0 0 0 0 0 1,350 1,350 2 2 0.00 6355 Garage/Carpon R&M 0 0 0 0 0 0 0 0 0 0 0 0 0 600 600 0 0 0.00 6360 Toots & Equipment 25 25 25 25 25 25 25 25 25 25 25 25 300 0 (300) 1,179 979 0.39 6335 Exterior Plumbing 0 0 0 0 300 0 0 0 0 0 0 0 300 0 (300) 0 (300) 0.39 6365 • Fence Repair _ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 974 974 0.00 Total Exterior Maintenance $440 $725 $570 $375 SI,640 $4,805 $970 $1,927 5720 $325 5440 5375 513,312 $20,544 $7,232 $14,552 $1,240 $17.33 Total R& M(Does not inch Cont. Se-) $1,719 $1,884 $1,689 $1,859 52,694 $5,986 $1,989 $3,011 $1,839 51,434 $1,609 $1,634 $27,347 $28,764 51,417 $37,247 $9,900 $35.61 TURNOVER EXPENSE 6380 Interior Repairs $0 $5 S5 $0 S40 $40 SO $2,570 $2,570 $0 SO $0 $5,230 $7,392 $2,162 $5,562 $332 $6.81 6385 Interior Repairs -Reimbursement 0 (3) (3) 0 (20) (20) 0 (1,285) (1,285) 0 0 0 (2,615) (5,544) (2,929) (5,659) (3,044) (3.40) 6390 Carpet Cleaning 0 13 13 0 100 100 0 6,425 6,425 0 0 0 13,075 30,800 17,725 20,392 7,317 17.02 6395 Carpet Cleaning -Reimbursement 0 (8) (8) 0 (60) (60) 0 (3,855) (3,855) 0 0 0 (7,945) 30,800 38,645 20,392 28,237 (10.21) 6405 General Cleaning 0 16 16 0 124 124 0 7,967 7,967 0 0 0 16,213 22,792 6,579 21,635 5,422 21.11 6410 General Cleaning -Reimbursement 0 (10) (10) 0 (81) (81) 0 (5,179) (5,179) 0 0 0 (10,538) (17,095) (6,557) (21,635) (11,097) (13.72) 6415 Interior Paint 0 30 30 0 240 240 0 15,420 15,420 0 0 0 31,380 46,200 14,820 30,343 (11037) 40.86 6420 Interior Paint -Reimbursement 0 (12) (12) 0 (96) (96) 0 (6,169) (6,168) 0 0 0 (12,552) (13,860) (1,308) (30,343) (17,791) (16.34) 6425 Appliance Repair 0 0 0 0 0 0 0 500 500 0 0 0 1,000 400 (600) 0 (1,000) 1.30 6430 Lock/Keys 0 0 0 0 0 0 0 500 0 0 0 0 500 800 300 0 (500) 0.65 6435 Interior Light Bulbs 0 0 0 0 0 0 250 850 600 0 0 0 1,700 561 (1,139) 0 (1,700) 2.21 6440 Window Covering Repair 0 0 0 0 0 0 500 500 0 0 0 0 1,000 346 (654) 3,408 2,408 1.30 6445 Tenant Reimbursement 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (4,151) (4,151) 0.00 6450 Write-OffVTc. nt Reimbursement 0 24 24 0 192 192 0 12,365 12,365 0 0 0 25,163 17,880 (7,283) 0 (25,163) 32.76 Total Turnover Expense SO S55 S55 $0 5440 5440 $750 530,610 529,360 $0 $O $0 561,710 5121,471 $59,761 $39,945 ($21,766) $80.35 0 0.00 111(XiP02 5.n PM Li -item Sommsry Pqg 316 JPI MULFfFAMILY, INC. 2003 OPERATING BUDGET DETAIL SUMMARY Jefferson Commons at the Ballpark Number of Beds: Project Net Rentable Sq. Ft.: 768 250,218 2003 2002 Variance Annualized Variance 2003 Per Jan-03 Feb-03 Mar-03 Apr-03 May-03 Jun-03 Jut-03 Aug-03 Sep-03 Oct-03 Nov-03 D--03 BudgetTotal BudgetTotal 20032002 2002 Actuals 2003/Annual Bed ADVERTISING & PROMOTION 6640 Traiiic Counter $0 SO SO $0 $0 SO SO SO SO 50 $0 $0 $0 0 SO SO $0 50.00 6645 Locator Fees 0 0 0 0 0 0 0 3,897 0 0 0 0 3,897 0 (3,897) 228 (3,669) 5.07 -6650 Locator Relations 0 0 150 0 0 0 0 0 0 0 0 0 150 0 (150) 61 (89) 0.20, 6655 Resident Relations 142 100 100 100 100 100 100 3,527 I00 100 100 100 4,669 4,699 30 2,876 (1,793) 6.08 6656 Resident Functions 200 125 0 0 125 125 125 0 1,OW 0 800 0 2,500 3,050 550 2,785 285 3.26 6657 Resident Referrals 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 6670 Newspaper 1200, 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 14,400 3,127 (11,273) 4,751 (9,649) 18-75 6675 Magazines 600 0 0 0 0 0 0 0 0 0 0 0 600 0 (600) 2,928 2,328 0.78 6677 Yell -Pages 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 6680 Billboards 0 0 0 0 0 0 0 - 0 0 0 0 0 0 0 0 0 0 0.00 6685 Brochure Advertising 0 0 250 0 250 0 0 0 0 0 0 0 500 10,000 9,500 14,527 14,027 0.65 6690 Direct Mail 0 0 0 707 0 0 0 0 0 0 0 0 707 6,000 5,293 1,061 354 0.92 6695 Apartment Guides 342 342 342 342 342 342 342 342 342 342 342 342 4,104 12,480 8,376 6,164 2,OW 5.34 6700 Signage/Sign Placement 0 0 700 0 0 0 0 0 0 0 0 0 700 600 (IW) 2,177 1,477 0.91 6625 Newsletters 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 6705 Radio/TV 0 0 1,300 0 0 0 1,300 0 0 0 0 0 2,600 2,500 (100) 0 (4600) 3.39 6735 Video Marketing 0 0 0 0 0 0 0 0 0 0 0 0 0 500 500 6,319 6,319 0.00 6715 Internet Advertising 225 225 225 225 225 225 225 225 225 225 225 225 2,700 2,664 (36) 228 (2,472) 3.52 6720 Model Apartment Expenses 20 20 20 20 20 20 20 20 20 20 20 20 240 300 60 109 (131) 031 6725 Flags / Banners / Mats 0 0 800 0 0 300 100 0 300 0 0 300 1,800 1,800 0 1,261 (535) 2.34 6730 Office Refreshments 75 75 75 75 75 - 75 75 75 75 75 75 75 900 1,850 950 759 (141) 1.17 Other Advertising & Marketing (acct. 6735) 365 365 365 365 365 365 365 370 365 365 365 365 4,385 500 (3,885) 6,319 1,934 5.71 6658 Campus Events 0 LOW 2,000 1,000 1,000 0 0 0 0 0 0 0 5,000 1,000 (4,000) 429 (4,571) 6.51 COOP Advertising Reimbursement(acct. 6735) 0 0 0 0 0 0 0 0 0 0 0 0 0 500 500 6,319 6,319 O.W Tota[Advertising&Promotion $3,169 53,452 $7,527 $4,034 $3,702 $2,752 53,852 $9,656 $3,627 52,327 $3,127 $2,627 549,852 $51,570 $1,718 $59,306 $9,454 564.91 ADMINISTRATION 5838 Bank Charges - SO SO SO SO $0 SO SO $0 SO $0 SO $0 SO $180 M80 5544 $544 $0.00 5855 Compton Facility Dues 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 5820 Computer Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 1,80G 1,800 696 696 0.00 5847 Copier/Fax Expense 600 225 225 225 225 225 600 600 225 225 225 225 3,825 1,970 (1,955) 1,517 (2,308) 4.98 5887 Employee Training/Education 25 25 25 25 25 25 25 25 25 25 25 25 300 300 0 141 (159) 0.39 7960 Employee Relations 50 50 50 50 50 50 50 50 50 50 50 50 600 850 250 2,207 1,607 0.78 6910 Legal and Professional 150 150 150 150 150 150 150 150 150 150 150 150 1,800 2,795 995 1,108 (692) 2.34 5852 Licenses/Pemdts/Fees 0 0 0 0 0 0 500 0 0 0 0 0 500 2,300 1,800 6,452 5,952 0,65 5945 Fire Alarm inspection 0 0 0 0 0 0 0 4,500 0 0 0 0 4,500 4,665 165 0 (4,500) 5.86 7210 Employee Travel/Mileage Reimb. 20 20 20 20 20 20 20 20 20 20 20 20 240 600 360 2,795 2,555 0.31 5860 Apartment Assoc. Functions 0 0 0 0 0 0 0 0 0 0 0 0 0 210 210 0 0 O.W 5843 Office Decorations 100 0 0 0 0 100 0 0 0 0 0 0 200 650 450 310 110 0.26 5842 Office Supplies 100 100 100 100 100 IW 400 IW 100 100 100 SW 1,500 2,300 SW 6,452 4,952 195 5805 Postage/Courier/Freight 514 514 664 514 514 514 664 514 514 514 514 514 6,468 3,732 (2,736) 6,861 393 8.42 5846 Printing and Stationary 100 IW 100 SW 100 100 500 100 100 100 SW SW 1,600 2,120 520 5,753 4,153 2.08 5865 Security / Alarm Response 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,530 1,530 0.00 5841 Storage / Office Fum. Rental 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O.W 5656 Telephone- Base 1,000 1,O00 1,000 1,O00 1,O00 1,000 1,000 1,000 I,000 1,000 1,000 1,000 12,O00 8,400 (3,600) 9,918 (2,082) 15.63 5657 Telephone - Long Distance 500 500 500 500 500 500 500 SW 500 500 500 500 6,000 3,300 (2,700) 1,385 (4,615) 7.81 5665 Answering Serviev?agers 125 125 125 125 125 125 125 125 125 125 125 125 1,500 3,120 1,620 4,312 2,812 1.95 5844 Safety Equipment 0 0 0 0 0 0 0 0 0 0 0 0 0 150 150 0 0 0.00 5839 Employee Evaluations 100 0 100 - 0 IW 0 100 0 0 0 0 0 400 0 (400) 0 (400) 0.52 5890 Other Administrative Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 960 960 570 570 0.00 Total Administration Expense $3,384 $2,809 $3,059 $2,809 $2,909 $2,909 $4,634 57,684 $2,809 52,809 $2,809 $2,809 541,433 $40,402 ($1,031) $52,550 $11,117 $53.95 MANAGEMENT FEE 7420 Property Management Fee $16,170 $16,170 $16,170 $16,170 $16,170 $16,170 $16,170 $16,170 516,170 $16,170 $16,170 $16,170 $194,040 $192,000 ($2,040) $192,O00 (52,040) $252.66 Total Management Fee $16,170 $16,I70 $16,170 $16,170 $16.170 $16,170 $16,170 $16,170 $16,170 $16,170 $16,170 $16,170 $194,040 5192,O00 ($2,040) $192,000 (52,040) $252.66 INSURANCE 7510 Property Insurance $6,022 $6,022 $6,022 $6,022 $6,022 56,022 $7,528 $7,528 $7,528 $7,528 $7,528 $7,528 $81,300 $41,750 ($39,550) $28,414 ($52,886) 5105.86 Total Insurance 56,022 $6,022 $6,022 $6,022 $6,022 $6,022 $7,529 $7,528 $7,528 57,528 $7,528 57,528 $81,300 541,750 ($39,550) $28,414 ($52,886) 5105.86 11,962002 5A6PM lire Item S,..,y Pagc4/6 JPI MULITFAMILY, INC 2003 OPERATING BUDGET DETAIL SUMMARY Jefferson Commons at the Ballpark Number of Beds: Project Net Rentable Sq. FL: Project Number. TOTAL OPERATING EXPENSES NET OPERATING INCOME 768 3026700 2003 2002 Variance Annualized Variance 2003 Per. 1an-03 Feb-03 Mar-03 Apr-03 May-03 1un03 1u1-03 Aug-03 Sep-03 Oct-03 Nov-03 De<-03 BudgetTotal BudgaTotal 20032002 2002 Actuals 2003/Annual Bed $90,288 $90,070 $95,081 $95,649 $91,549 $94,194 $94,613 $139,934 $126,373 $87,144 $88,344 587,544 $1,180,790 $1,2%,712 $75,932 $1,095,002 ($92,376) $1,537.47 $295,2917 $298,575 $293,306 $292,738 $294,993 $290,217 $289,798 $238,641 $238,29'1 $289,153 $299,579 $300,379 $3,420,973 53,199,057 $221,916 $3,173,008 $247,970 54,45439 Total Of'99 Budget & Actual Accounts Not Included Above 119,036 298,013 DEBT SERVICE -See Notes Below 2350 Principal Payment- Nor in Toral Debt Sery $189,695 $189,695 $189,695 $189,695 $189,695 $189,695 $189,695 $189,695 S189,695 $189,695 $189,695 $189,695 $2,276,336 $2,085,616 NA $0 NA 9425 Interest Payment -Construction 16,309 16,309 16,309 16,309 16,309 16,309 16,309 16,309 16,309 16,309 16,309 16,309 195,713 0 (195,713) 0 (195,713) 254.83 9410 Interest Payment -Permanent 16,703 16,703 16,703 16,703 16,703 16,703 16,703 16,703 16,703 16,703 16,703 16,703 200,441 0 (200,441) 0 (200,441) 260.99 9426 Interest Payment -Construction (Second) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9415 Interest Payment-Permanent(Second) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 Total Debt Service $33,013 $33,013 $33,013 $33,013 $33,O13 $33,013 $33,013 $33,013 533,013 $33,013 $33,013 533,013 $396,154 $0 (5396,154) SO ($396,154) $516 RESERVES Reserves $12,800 $12,800 $12,800 $12,800 S12,800 $12,800 $12,900 S12,800 $12,800 512,800 $12,800 512,800 $153,600 $0 (SI53,600) SO ($153,600) $200.00 Total Reserves 512,800 512,800 $12,800 $12,800 512,800 $12,800 $12,800 $12,800 $12,800 512,800 $12,800 $12,800 $153,600 SO (S153,600) SO (5153,600) $200.00 START-UP EXPENSE 9830-2515OW Start -Up Marketing Esp. $12,165 513,530 $10,930 $8,580 $8,580 58,580 58,580 $8,580 58,580 $8,580 $8,580 $9,590 5113,845 SO ($113,845) $1,767 (5112,078) 5148.24 Total Stan -Up Expense $12,165 $13,530 $10,930 $8,580 58,580 $8,580 $8,580 $9,580 $8,580 $8,580 $8,580 $9,580 $113,845 $0 ($113,845) $1,767 ($112,078) $148.24 CAPITAL EXPENSE 9510 Exterior Paint SO $0 SO $0 $0 SO SO $0 SO $0 SO SO $0 0 SO $0 $0 50.O0 9515 HVAC 0 0 350 0 0 0 0 0 0 0 0 0 350 0 (350) 1,003 653 0.46 9520. Landscape 0 0 0 0 0 0 0 0 0 0 0 0 0 5,000 5,000 1,413 1,413 0.00 9525 Paving 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9530 Signage 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0-00 9535 Structural Building Repair 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9540 Gutter and Downspouts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9545 Slab/Masonry 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9550 Cabinets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9555 Carpets 0 0 0 0 400 0. 0 30,800 0 0 0 0 31,200 16,800 (14,400) 0 (31,200) 40.63 9565 Ceramic Tile l Hearths 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0-00 9570 Countertops 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9575 Doors 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9580 Light Fixtures 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9585 Mats 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9590 Blinds 0 0 0 0 0 0 0 300 0 0 0 0 300 0 (300) 0 (300) 0.39 9595 Model Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9600 Plumbing 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9605 Recreation Facilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9610 Security System 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9615 Sub0oor Replacement 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9620 Vinyl 0 0 0 0 0 0 0 100 0 0 0 0 100 0 (100) 0 (100) 0.13 9625 Wallpaper 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 9630 Ceiling Faun 0 0 0 0 0 0 0 300 0 0 0 0 300 0 (300) 0 (300) 0.39 9635 Appliances 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 426 426 0.00 9645 Transportation 0 (2,500) 0 (350) 0 (400) 0 (15,000) (31,500) 0 0 0 (49,750) 0 49,750 0 49,750 (64-78) 9650 Other 2,500 0 0 0 0 0 15,000 0 0 0 0 0 17,500 9,650 (7,850) 11,632 (5,868) 22.79 Total Capital $2,500 ($2,500) $350 (5350) 5400 (5400) $15,000 $16,500 ($31,500) SO $0 $0 SO $31,450 $31,450 $14,473 $14,473 SO.00 OTHER EXPENSE 9900 Audit Fee $5,000 $5,000 $5,000 $5,000 s0 SO SO $0 $0 $0 $0 SO $20.000 54,200 (515,800) SO ($20,000) $26.04 9904-00002 Asset Management Fee 6500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 78,000 0 (78,000) 0 (78,000) 101.56 9906 Program Administrator Fee 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 30,000 30,000 0 104,175 74,175 39.06 7814 Trustee Fee 417 417 417 417 417 417 417 417 417 417 417 417 5,000 5,000 0 0 (5,000) 6.51 9810 Performance Bonus - NOT BUDGETED 0 3,000 3,000 (100 Total Other Expense $14,417 $14,417 514,417 514,417 $9,417 $9,417 $9,417 $9,417 59,417 $9,417 59,417 $9,417 $133,000 $39,200 ($93,800) $107,175 (525,825) $173.18 11/06r002 5:06 PM Here Rem S-.-q Page 5 / 6 Number of Beds: Project Net Rentable Sq. FL: Project Number. NCF (Before Cash Adj.) JPI MULITFANBLY, INC. 2003 OPERATING BUDGET DETAIL SUMMARY Jefferson Co—.s at the Ballpark 768 3026700 2003 2002 Variance Annualized Variance 2003 Per Jan-03 Feb-03 Mar-03 Apr-03 May-03 Jun-03 Ju1-03 Aug-03 Sep-03 Oct-03 Nov-03 Dec-03 BudgetTotal BudgetTotal 200312002 2002 Actuals 2003/Annual Bed $220,402 $227,315 $221,7% $224,278 $230,794 $226,808 $210,989 $158,331 5205,988 $225,343 $235,769 $236,569 $2,624,374 $3,128,407 ($504,033) $3,049,593 ($425,215) $3,417.15 NOTES: 1) Debt Service Total does not include prinicpal payments. Actual Debt Service does not include Inr Exp - Inrercompanyor Deferred Financing Expense. Total Of'99 Budget & Actual Accounts Not Included Above (48,764) 201,568 See Nw. 11/0 CM 5:05 PM Line Item S� Page 6 / 6