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HomeMy WebLinkAbout2006-2007 Midwestern Budget Midwestern State Un|venaby-SunvwatohmrVillage Annual Budget 2OGG-28D7 Cash Flow Analysis For the fiscal year ending August 31. 2084'2005 2005-2006 2006-2007 Rental Revenue 1.711'900.80 1.733.776.80 $1.753.418 Other Revenue 13'000.00 13.000.88 15.000.00 Lena:Voconoies 40.000.00 40.000.00 40.000.00 Net Rental Revenues 1.884.000.08 1.700.775�00 1.728.410.00 Investment Earnings 58,447.00 58.447.00 68.750.00 Total Revenues 1.743.347.00 1'765.322.00 1.797.100.00 Utilities 257.472.00 262.472.00 267.800.00 Trustee Fee 5.000.80 5.000.00 5.080.00 Insurance 30.000.00 40.808.00 40.080�08 Replacement Reserve 60.504.00 80.504,00 60.504.80 Total Operating.Expenses 353.038.00 388.038.00 372.564.80 Net Operating Income 1.300.311.00 1.307.18&80 1'424.596.80 Annual Debt Service 1.039.800.00 1.038.800.00 1.008.750.80 Debt Service Coverage 1.34 1.34 1.33 Net Cash Flow before Sub Costs 350.511�00 357.38000 355'848.00 Salaries 90.924.00 97.188.00 104.684.00 Benefits 31.988�00 35.871.00 37.382.00 Hourly Wages 12.500�00 12.608.00 12.000.00 Administrative 180.000.00 97.508.00 97.500.00 Repairs & Maintenance 40.080.00 40.000.00 40.808�00 Turnover 30.008.00 30.000.00 30.000.00 Leasing &Advertising 8.000.00 5.080.00 5.000.00 Audit Fee 250000 2500.00 250000 Total Subordinate Expenses 319.913.00 320.55 ou0 329.046u0 Cash Flow After Sub Costs 30.598.00 36.82700 28.800.00 Issuer Fee 25.000.00 25.000.00 25.000.00 Net Cash F| toSurplus $550800 $11.827.00 $1,800.00 Cumulative total for R&Rfund 119.304.00 170'928.00 240.482.00