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HomeMy WebLinkAbout2005-2006 Townlake Budget � 1, , �� �� _„�-� .,<� � _ „� a�� ,� � _ . : ,. � � �� _ ,,, i� ��}�k7 . a = �` '.ry, .3� ��,��„zc„�+ ... � � . " " ..:. :.'�4i- , ....�.. , c, ...�r... � ... , t� N�•-. d .. � " � t ��k ., � ., �"F ^���'� �f � ..51 .. ,�.:,� . ..�r�-'������s v�J��� � �,�'^-�-� " �����,:�� r�a�r��� t �?�.x:r '�'� ,^���'�"��' ����:� Mz�� �� �k�� " * �. a �. � � �- , ,�° , �, x,. ,�� a . . �`r � � ��� ��;:, �� ��.- ��-,._",,,'� �':aa,�� ..� ... ��,. a , � ?�' � � �"`"� �. � � s.� ��"'';,.. �-� �a .. . 4 , �-'� #� �2 �•�'�''�'�'� �- � � � ^ 3.. : 'fi�`r�� � � ���f, ��� � � &. j � �. . .: �r '' ��y+�� ��4n�� ��� fi� � � t #, � t���' S.��,' ., 4v+ ���,� ";,'�.-�` � `�F �. ��� �, ' �r #- � � �� � �� ��� . � � ��� . n ,� �`4�.,. �"'�".�& � � '�* " 7r* '�.��e c��."� � '.�, - � � '� h`��k�'� �. � ��=�;.��.� ¢� £ �`-°'�� -����` �'�'��,.st s � ,q � ��� ��� � � �,�� � ����� ��� � l� a i 'a s j ; �°s'f;,s�. � �.�'.�' � c�',. . .. � �� �� 1 � ,� � ., ��� �� �� � f '`� a� � `��4 ti'� i } � � �� � x� z s-� 6 C�PEI2ATII�� �LTI�GE'I' �, a e � o � ' � INVESTRIENT • MANAGEivIENT • DEVELOPI�fE�iT 1800 Bering Drive� Suite 320� Houston TX 77057�� P 713-782-5840� F 7'13-268-5111 ww�w.assetcampus.com 23-Ju0-05 T'OTAL 500 sq ft 765 sq ft 975 sq ff 1920 sq ft 924Q sq ft A1 B2 C3 D2 D4 /nitial Rates Established: $719 $499 $399 $324 $349 TYPE OF UNIT: 1l'i 2/2 3/3 4/2 4!4 T07AL TOTAL BEDS: 36 72 108 216 216 648 #OF LEASED BEDS TO DATE: 36 70 107 190 213 616 %LERSED: 100.0% 97.2% 99.1% 8$.0% 98.6% 95.1% #�F BEDS RE(�,41NIPIG{unleased): 0 2 1 26 3 32 �;r � z x- � a x t� x �� s . < ,-.,,+��..�. �'� ,e ,R�3�i� .,, .� .,.,P .�. r.�,�.. � ..,_,u.�. �;,�_i... ..,,. ._.w.�.,a.u<. _„�,.-.. .,. ., �. � ..�,,. nn. m__ .�..�:,a. ,u�,r.. .,�,,,,:,.x ....�.n,�� , .,s Rental Adiustmenfs/Goncession History 2005/20�6 A9 '62 C3 D2 D4 ' 18-Apr-05 $404 $309 $354 $180 concession on 4/2' 5/16/2005 $729 $509 $409 $309 $359 7/15t2005 $319 TSHA Students A1 B2 C3 D2 D4 Maximium Scholarships To Be Awarded 35 Total Offers Senf by TSNA Totai TSHA Leases Sign as of: 5/29I2005 Outstanding Offers as of: 5/2912005 -1 -2 -9 -5 -13 Max.Scholarships Left to Be Awarded D 0 0 35 d �� � L � Units a7s �iscal Year Ending August 31,2006 Beds sas Opera4ing Buclge4 Prepared 6(20J05 Budget Reforecasf Year Ending Per Per Year Ending{, Differettce 8/31/2006 Unit �ed 8/311200���� �-i- RENTAL IiVCOME $3,003,264 $ 13,904 $ 4,635 $3,234,828 $(231,564} -72°/a Accelerated Rent $ - $ - $ - $ 57 $ (57) -100.6% Short Term Rent Premium $ 28,000 $ 130 $ 43 $ 53,892 $ (25,892} -48.0% Less: Vacancy $ (240,261) $ (1,112} $ (371) $ (628,597) $ 388,336 -61.8% Concessions $ (124,OOQ} $ (574} $ (191) $ (134,236) $ 10,236 -7.6% Other Losses(LTOL}: $ (25,920) $ {120) $ (40} $ - $ (25,920) #DIV/0� Write-offs Rentai income $ (25,800) $ {119) $ (40) $ (22,754} $ (3,Q46) 13.4°/o Non-ResidentlEmp. Rnt. Disc. Units $ 43,080) $ 199 $ (66) $ (34,426 $ 8,654 25.1°!0 PIET REPdTAL IPlCOI�E $2,572,203 $ 11,908 $ 3,969 $2,468,764 $ 103,439 4.2% Other Income $ 74,700 $ 346 $ 115 $ 57,920 $ 16,780 29.0% T07AL tt�COME $2,646,903 $ 12,254 $ 4,085 $2,526,684 $ 120,219 4.8% EXPEPlSE� Total Personnel Expense $ 284,899 $ 1,319 $ 440 ` $ 297,688 $ (12,789} -4.3% Total Utilities $ 317,600 $ 1,470 $ 490 $ 303,770 $ 13,830 4.6% Totaf Administration Expense $ 46,950 $ 217 $ 72 $ 38,245 $ 8,705 22.8% Total Contract Services $ 40,500 $ 188 $ 63 $ 36,765 $ 3,735 102°/a Total Interior Maintenance $ 8,095 $ 37 $ 12 $ 4,497 $ 3,598 80.Q°lo Totai Exterior Maintenance $ 9,260 $ 43 $ 14 $ 9,587 $ (327) -3.4% Tota(Turnover Expense $ 72,475 $ 336 $ 112 $ 21;600 $ 5Q875 235.5% Totai Advertising&Promotions $ 73,10Q $ 338 $ 113 $ 64,$29 $ 8,271 12.8% Total Legal Fees $ 2,400 $ 11 $ 4 $ 1,637 $ 763 46.6% Totai Professianai Fees $ 10,000 $ 46 $ 15 $ 18,000 $ {8,000} -44.4% Total Travel and Entertainment $ - $ - $ - $ - $ - #DIV/0! Totai Management Fee $ 132,345 $ 613 $ 2Q4 $ 115,156 $ 17,189 14.9% TotallnsuranceandTaxes $ 75,645 $ 350 $ 117 ,' $ 26;470 $ 49,175 185.8% Total Dues and Membership Fees $ 30,000 $ 139 $ 46 $ 30,000 $ - 0.0°/o Total Depreciation and Amoritization $ - $ - $ - $ - $ - #DIVIO! Total lnterest Expense $ - $ - $ - $ - $ - #DiV/0! Start-up Costs $ - $ - $ - $ - $ - #DIV(0! TOl'�4L EXPEIdSES $1,103,269 $ 5,108 $ 1,703 $ 968,244 $ 135,025 93.9% ' fV01 before Capi�ai improvements and DebtService $1,543,634 $ 7,146 $ 2,382 $1,558,440 $ (14,806} -1.0% , CAPITAL EXPENSES $ 29,000 $ 134 $ 45 $ 22,400 $ 7,000 31.8% $ - OTHER EXPENSES $ 5,000 $ 23 $ 8 $ - $ 5,000 #DIV10i ' NET CASH FLO�! $1,509,634 $ 6,989 $ 2,330 $1,536,440 $ 26,806} -1.7% 1�.....;ake _ _ Austin,TX 6/28/2005 216 Units 648 Beds Sep-05 Oct-OS Nov-OS pec-OS Jan-06 Feb-06 Mar-D6 A r-06 May-06 Jun-06 Jul-06 Aug-06 Totals Occupancy 93% 93% 93% 93% 93% 93% 93% 93% 93% 89% 89% 89/ g2/ q1i05 Scheefuted Reintal R�venu� 25p�27� 260;�7� 26Q',272. �5fl;2�2 ; 250;272; 25Q;272 ;25A;�72 ' -2�ti,�72 . .:.250„�72..:," 25t},�72 = .250,�7Z. ..Z5t1.272 �;Q0.3;284- 4030 Gain{Loss)to Lease 0 0 0 0 0 0 0 0 0 0 (12,960) (12,960) 25 920 4445 Shori Term,.Rent!'Cei7liiim ', 3:Od0 3,QOD 3;400 3�t}00 , 3,L100 2,600 , �,',6.�0 2;60d , '; 2;600 2,600,' p , 0 28 tI40:. 4D50 Vacancy Loss (17,519) (17,519) (17,519) (17,519) (17,519) (17,5�9) (17,519) (�7,519) (17,519) (27,530) (27,530) (27,530) (240,261) 4�SF', „ Prlor�P�noZf I�dj-V�c�ttY ':.� . o t�"- , i5 � o �'�o �3 �- t� � �"� � , ��:t��; � � t�� � t� � q: 4056 Prior Period Adj-Rent 0 0 0 0 0 0 0 0 0 0 0 0 0 4'Dfi0" � L�as�t Cnnc�ssions �, �l7 � Q � Q Q ��; ���tr� �', tl "' 6 0: :' b � = p " p ; � q �:� 4061 Lease Prorate Conce5sion5 � (72,000) (12,000) (12,000) �(12,000) (12,000) (72,000) 12,OD0 �� � � �� , . ( ) „(12 000) � (12,000) (12 000) (2,000) (2 000) (124,000� 4075 Accelerated Rent 0 0 0 0 0 0 0 0 0� 0 0 0 0 . 448� - UC�}ii�-a,ffs Renfai Inc�t�is;, Z2;.15ty) " ��.�5tk), (2;i5Q) (2,150): (2;35Qj. {2,150� .' (2,1"50j (�„15t?} ". tZ;>1a0} (2150}: {21503 . (�s15Q? (25;8QQ) 4085 Non-t�esidenUEmp.Rnt.Oisc.Units (3,590) (3,590) (3,590) (3,590 ) (3,590) (3,590) (3,590) (3,590) (3,590) (3,590) (3,590) (3,590) (43,080) Total Renfallncome 218,013 218,013 218,013 218,013 218,013 217,613 217,613 217,613 217,613 207,602 202,042 202,042 2,572,203 Economic Occupancy 87% 87% 87% 87% 87% 87% 87% 87% 87% 83% 81% 81% 86% 409� G�fiagelCaFpOr#R�rtt ' ' ��,2�t} �3,730 3;73tl 3,730 � 3,7aU. `3,7�0 �,�3c� � �;'��p �,739'� �73p:� � 3,7�Q" 3,79p �:$4,T64' 4096 GaragelCarport Concession 0 0 0 0 0 0 0 0 0 0 0 0 0 41q5 , I�et;F.e�lRentlNon,RefDep. i} 0 i 0 Q ' 0 � p , p p; 0 �'< � p, 4115 Storage Rental Income 0 0 D 0 0 0 0 0 0 0 0 0 0 4155 V�ridinp income 25 25 �5 25 , 25 , 26 25, , . 2�.. �5 - 25 �5 25 3p0,, 4175 Appliction Fees 0 0 0 0 p 0 0 0 0 0 0 p p 4177 Application Fee=�xpens� .. 0 Q C) 0 0 p �t Q � D- 0: 0 . U` 4185 Caocellation Fees 0 0 0 0 0 0 tl 0 0 0 0 � 0 p� �987 . Vf!fate Qffs'��arl�ellafion�F,�ee's t} C1 '�� 0 � ,Cf �� 'Q t} �r �t3� � -(� 0' �", tl ' �0 '�: � f� 0= 4190 ReletFees 200 200 2�0 200 200 200 200 200 200 200 200 200 2,400 42(!�S'-' N3��ces �i���50 �t� , 50 ` 50 -�. $0 �0 �Sb:"� " 5R 5t5� � �50 ;5G � 5p"� �DO-t 4205 �ate�ees 2,000 2,000 2,00� 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000 4�1ib Ac.�e�s CaYd��e�8 . '� 2Q � 20 ; 20 2Q. ' 2p 20 2£!I �Q:.. ! � .2U�,,� �;� �p, ?.7�D ; �2SJ �. ;24Q.'�� 4215 Damages 0 0 0 0 0 0 0 0 0 0 0 0 0 4296 ' � , Writ��Uffs pat�age�- 0 0 � �7 Q ' �0 - U �0�, b: 0 � ; �� � p ��, p p' 4217 Administrative Fees 200 200 200 200 200 200 200 200 200 200 200 200 2,400 422t� . FOr���Yed Depqsits� U �0� � 0 U � 0 �i �p�� ff : tl r. � s � �}� fi. � #��- �� �� �y� �-� � _� � : ; . . „��. 4255 Common Area Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 426tS� ,"� . ",LeaaeViafatiorislriccrmsi' 4, 6 ; 0 0 ' ;p A �� . 4���� t� � �ri����, ' 0 �p ' p q � 4305 Other Rental Income(Misc.Income) 0 0 0 0 0 0 0 0 0 0 0 0 0 43ci9 Writ��sffs,OtYrer Renfal A 0 f7 0 `Q U c� 0 p p q � p: 4510 Short-term investments 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Other income 6,225 6,225 6,225 6,225 6,225 6,225 6,225 6,225 6,225 6,225 6,225 6,225 74,700 � Totalincome 224,238 224,238 224,238 224,238 224,238 223,838 223,838 223,838 223,838 213,827 208,267 208,267 2 646 903 5Q23 � aalaries=a Mand;p�meni ; f3,554 7,5a4;� 7;554 7,552 `�� � 11,3�2 �7,554 �7�554`, 8,b"54 7,554��- �,a52�� 91;332 �� 7,554 � 89,698' 5025 Houriy Wages-Service 8,511 6,511 6,511 6,509 9,767 6,511 6,511 6,511 6,511 6,509 9,767 6,511 84,639 5D�U ' l�ouily Wages��iousekr�eping - 0 41 �� b �0 '� '�,p. � p� . �y �}; p � �y ' �j �y� 5045 Overtime 0 0 0 0 0 0 0 0 0 0 0 0 0 5ti4s �1uerEfine M Nl�hag�i�ent���� � 1,200 d�"� '� 0 i� f ���0 � Q � 9� 4�- 17- �4 � � 2,400 �� 3;600° 5047 Overtime-Service 6,511 0 0 0 0 0 0 0 0 0 0 3,600 10,111 50�fl� {)vertlfne MaintJ(3i�ounds�; � 0 0; ' 0 t1 - +0 8 17� t� � fl� � 0 0�'� t� fJ: 5055 Overtime-Nousekeeping 0 0 0 0 0 0 0 0 0 0 0 0 0 5Q62 Temporary>Empioyment.' 4.Dbo, 0: q L3 : 0 0 ds' 4 2}' 0 �3 0' - 4;000 5080 Payro?i Taxes 1,908 2,517 1,681 1,680 2,629 1,788 1,788 1,848 1,788 1,788 2,629 1,788 23,833 509D Group Ins,uran+�; ti,040 1,p4fl 1,040 i.,Q40 ' 1:O+t0 `. 1.OR0 1',040 9,040, 1,Oq0 1,'O4}� i,C140 : 1;C1%�p �i2,A80 5100 WorkErs Compensation 1,764 2,328 1,554 1,554 2,431 1,654 1,654 1,709 1,654 1,653 2,431 1,654 22,038 51'05 �mpioyer401k;Gantributiohs 0 0 ; 0 0 0 0 �' � p ; p , p ; �; �; 5114 Uniforms 0 0� 500 0 0 0 500 0 � 0� �� 0 � 500 0 � 1,500� � �.. 5i1� � OfherPeCsann�t�xpen��': ��50 �50�; $60 3bQ + 860 �� �5� � �5Ci', �350 850��� '��0�' �50 : 35b��: i �.700' 51Q6 Employee Screening Fees 0 0 0 0 300 0 0 0 300 0 0 0 600 51�47 � ��mpMay���Recru�fing Fees,", 0 fl! tY t7 � �0 p Q�� �� b �" {�' D D i t3� t��:. 5149 Heip Wanted Newspaper Ad 50 50 50 50 50 50 50 50 50 50 50 50 600 �19D, keasirag'GorrirnisSianS.�. � �9Q0. 7-.00pC ' 0 D� ! � 9,OQ � 50Q` � ,JQO-� �.B�S. � �00.`',• �.,'i�90i���. 90p; ' 90{?�-� �i t�;10tS� Total Personnei Expense 32,787 27,349 19,739 18,734 29,300 19,846 20,846 20,461 20,646 19,841 29,500 25,846 284,899 S�}fi � �fectr4c�ty-ClubHouse�' � � 3,800 3,60D;, 3,600 � : 3;600 + 3,6QQ 3,6t}D ' 3`,600,; �, �,806' �`� �3;60�". 3,6iJ0. . ,.3.800 �, 3,600: "43,200',: 5413 Electricdy Vacants 5,000 0 0 0 500 0 0 0 0 1,200 0 0 6,700 5414 Eleeti�c�ty Reittilp,urseriiettts ' Q �; 'I o (3 ' i0 U 0'� "" � 0. {�.', ��7 � - p�;" {j r, 5436 WaterJSewer-Clubhouse 10,000 10,000 10,000 10,000 10,0�0 10,000 10,000 10,000 10,000 10,000 10,000 70,000 120,000 5�{42 . � WaterJSev�er-Resitlent�� : �� �3 � �1 i a l} �' 0 �Y �� " �� 0" 0 . � �U�" �� tt �' o��; , �. 5456 Gas 0 0 0 0 0 0 0 0 0 0 0 0 0 546p, GaS-�IUbhausetMc�deis 45E? 450; 450 45Q ,' 456 450 45t?; 45p,:, r; 45b ,` 4�tl ; 45q 450 5,4�0"; 5475 Refuse Removai 1,775 775 775 775 775 775 775 775 775 775 775 775 10,300 5505 Cabi� °t1�dOQ 71�OOf}' '11.00Q . 11,000 ' 91,,D"OQ 11,,Ot10 'tisbfltl: 11,;(J00, . ;.,11,000 t.. 1'C;1100 . �1;000 ; "�1Q6R', t32;00Q. �, ,, 5514 Resident Telephone 0 0 0 0 0 0 0 0 0 0 0 0 0 5520 Qthe�:Fu�f�Utilitie� . � l)�� ' 0 0� ' '�0 0 � .� � �:0 4 � ��. (} tt �- b- �� q�� 5525 Resident Intemet 0 0 0 0 0 0 0 0 0 0 0 0 0 �`r,�� Tot�f fi.ltiljtie� : .. �31;82� � '26�825�, �25,�25 25;825� !. 26,325 �7,�`��$25� . �i '2�825� �25825`. � ', E�;82�5�'� 23�a2� � -,'��5;825- ��. .�5,$25;� 317;500�' 5656�� �� . . 'fei�Rlrone�-Ba�ia' ' 625� �525I 625 �525 ; 625 �,�6�5 625� ° '.625. &25';,; - �6�5-. . &?5', : �6�5; _ ;.'�,5tlp�; 5657 Telephone-Long Distance 100 100 100 100 100 100 100 100 100 100 100 100 1,200 5665� ��4ri�w�rrn�SerYice�t?agers ' %`�64 �15t7� 'i50 130 ; 15'0 � 15Q � � '15b; 15,D,� 15a ;�, ' ��:���4b0 15� �; � 15D'�. � �;800�: 5805 Postage 100 100 100 100 175 175 175 175 175 175 175 175 1 800� 5s10� _. Cauri�dQvgrni�ht pellrery . �1bp " ta.o<`� � 1'00 � '�oo �;� 10tI" � i,at� � 190' �1op ��1d0 i" � ;1tl�7 'tAo,. ; iD0', i f,�QT1,> 5820 Computer Supplies 25 25 25 25 25 25 25 25 25 25 25 25 300 5E25 �or1?P,uter�quip-Saf1+N?re ; �6 75 1,800 75 75 75 �t;775 75 75 75 75 75 �;325'; 5838 Bank Charges 50 50 50 50 50 50 50 50 50 50 50 50 600 �839 ,� , �Empiqyee:6ualU�ticrns ., t� 4l � Q a '���, �Q �0 " 0� � ; .0 , t� ; 0. {Y f �9'� � p: _.. 5840 Credit Card Charges 700 700 700 700 700 700 500 500 500 500 500 50p 7,200 �.$4x .; � €7ffrc�5upp�iA��; ;�50�� 250' zso � ��o zso i zso . 250'�� ��;25d; ; �zso , ;2'so � �5t7 �� �2sn�� ���;000�'' 5843 Office Decorations 0 0 75 75 75 0 75 75 0 0 0 75 450 �$4�" Safef�:�i�uipmenE � � 5a 50'� '&�1 5U � �5D ��, 5t2. 5t1`-. ,. :��� b0 aQ; 50 St3 ; 5p,; �� 69Q; 5845 Fire Alarm Inspection/Equipment 0 0 0 0 0 0 0 0 0 0 6,50p 0 6,500 584& Rt�ntirig�rid'Stat�Qn�Yy ,': ,100 �Oti 900 'tU0 tOQ ; 7at� , 10Q; 7bQ ", tOd ; ipQ 10Q 10Q ;1,2d0."' 5847 Copier/Fax Expense 75 75 75 75 75 75 75 75 75 75 2,000 75 2,825 �� � _ , 5�"a�� . Lir.ers��slPer'irii2s/F':�s � ��25 �6- �76 � 3z5 � 75 �� �5 - ,. ",32��- �� 7fa 7S" ;, 325� ?"5, i � �5;. � �1,�DOi 5865 Secunty/Alarm Expense 50 0 0 50 0 0 50 0 0 50 0 0 200 :w:� . 5�397 . �� ; ., Emplisyee,7�a(rlingtEtluca;tinn � ' 0 �; 5U. 50 50 "'- � bfl � ;�. a�0, ���..; � .; 5@�_ �54 �'; �,u6U " � 60 � 54Y` �� �5p:' 5890 Other Administrative Expense 300 300 300 300 300 300 300 300 300 300 300 300 3,600 � Tatat�r4dmh��`strahan,�Zl�1se . 3r07� 2,$25; � 4�625 I 3;2Q0 � 2,97��' � >`2,900 � : �, A.ZJS`., 2'�775:,� � �,�D' ��, "�� 3sUDn�"� ;3�1;1�5".'�: 2,775�. � `�l6�954';'�, 61��15 �andscape�Contract 2,�125 2,1�26 2,925 ���� 2125 � 2�25 2,z25� � 2,1�25 2,�25 2,925��� 2,�25� �� 2�26 � 2225�� �� �,���� 25,500 613,0 Proi�4?��?n S,ervices Gontrac�. 75� fi50� �50 754, '�� 75� �50 7�Qi 75t3� �-�56�� ��'�50 7�0 75Q: r 9;q06 6145 Clean�ng 0 0 0 0 0 p 0 0 0 0 0 0 0 8�50, t�tlter_Cotrfract Ser4icss:,�,; " 29,(� �290'��, 390 280. `, 2�0; ';290 �8fl'��- ;-�5�, � 296',�. � 290 �. �90 :� 2911: ; '� 3;A$D; Total Contract Services 3,375 3,375 3,375 3,375 3,375 3,375 3,375 3,375 3,375 3,375 3,375 3,375 40,500 61;5d; � AlafrYls5ystelYt.�epait�,- -. '>5p 5,U> ;�b 50 ��� 50" ��� -�0. 50'� !".5Q' �. &0 1. �50, � SU- '� �Qf � $OO,�p 6165 Appliance Repair 50 50 50 50 50 50 50 50 50 50 60 50 600 6185 Infedcir Electncat Repair 25 25 s. 25; 25 25 25 25' , �r 25 2v �5 2S '' 3�4.; 6190 Interiar Light Bulbs 50 50 50 50 50 50 50 50 50 50 50 50 600 �195� � [nteri�r�Pa[rtf an�i Waitpaper� � � 25 25'� ��" �5 '� �5 !� 25 �5: ��� 2�;" �5 '���� 2� � �5:,. 2� 3qp 6200 Carpet CIeaNRepaiNDry 150 150 10Q 100 100 100 100 160 150 15p 150 � 150 1,550 62D5 �=irit�rta�Sheet�ock R�pair '." � 15 fi�II iS 95 ! �5 !. �15. 15; i �5 115 '� � 9.�: �',��:��� ib�; �180;: 6210 interior Vmyl and Tile 15 15 15 15 15 15 15 15 15 15 15 15 180 8215" �P�luri�bm�Repafr� . ��� ZS � 25�± '25 ���5 2„a* , �5 . 25, � � 25� 25 '�� �.25: 25 ' 25��� � 300�; 6235 Janitoriai Supplies 75 75 �75 75 75 75 150 75 75 � 75 75 � 250� � 1,150� 62,A0� Wir�dawCovergi"ngl�epair: ! 1S� �5� ;�i5 i5 '� 9;5. ! �5 ��i5�,." ��: �'t5. � .�5 ! ��,��5 15. � 95, � �18D,�` 6245 Recreation Facility Repair 75 75 250 75 75 75 75 75 75 75 75 75 1,075 6?5C1' �, �.4Gks�It�K�Y," , �.� , � �"� 5E1 50�� 150 5p ���� 5,0 . - � �0' � ' 50,� � ,.,.���q � -50. ' � � �50. ,. "�; � 50� � � 50` � � 6fl0" 6265 Other interior Repairs and Maintenanc 40 40 40 40 40 40 40 40 40 40 40 40� 480 ��'otaGtnter,�orM�iRtsn�rrce: '8�0 680��, Z85 � 610 � 810 �.810 886� i�6��- � fi&Q��� S60 � 660. ; � 835' �'<8,(195;r 6280 GoCl�f Cart�R pap�Tes and�ep�jf „ .250 �50 i �50 ; �50� 25D 200 200, `2�Q z9Q �fl0 ,, ,:2QQ-"', 20t� ,��8D0;,," �.,_ - �� . 0 50 50 50 50 50 50 50 600 6285 ��� �HVAG�RoiSa�ra�id,Mainte�anc� . ��775 lZ�' i75 - �� '�75� �� 1Z5 � � ���.�75� � 175.: � ��175 . 975 '; �175��� '175 � i,7,5�; � i�2,y0"q= 6290 Landscaping Supplies 25 25 25 25 25 25 25 25 25 25 25 25 300 6310'.�. � t�oof.i�epair& i 0 � 'p r 0 p � � p q �0 i1���, � � #? p. ; � �y� �„ 6315 Windows and Screens 50 50 50 50 50 50 50 50 50 50 50 5D 600 8320� Eait�rioF�.aint �� ; 50 60; , �SO 50 ` � 5'4 � 50. .. �6(Y ' SQ " 9t1��, � 5t1 �5U ,�; �50'� ' -6bq'�� 6325 Exterior Electrical 25 25 25 25 25 25 25 25 25 25 25 25 300 633i7 �Xf�ripr Ligtit�Uips ` q4 40 AU AO 40 4Q 4U,' 4t� .- 40 - 40' 40 ` +�f� i A80,< 6335 Exteriar Repairs � 25 25 � 25 25 � 25 25 25 25 25 25 � 25 25 � 300 6345 �lcces5 Gat�,Rep�Fi� " 30 30 36 30 3p. i 3p 30', 3p 36 3� 30 3,q 360' 6350 Waiks and Parking Lots 25 25 25 25 25 25 25 25 25 25 25 25 300 63fi4 ' Toolfi sm$�quiptfl�nt " ; 35 35.�� ���5 � 35 � �'5 �5 �5� "3�$. ' ���35 : �� . ;35 35� �' -420; 6365 Fence Repair 25 25 25 25 25 25 25 25 25 25 25 25 300 �� Tatal;�xteiiorMain�e�rance ��=fi55- - 855'' 7i�55� - 7&5 ? ?5*a �765� =7&5: �55� "�� 755'�:� � '�SB�, = � � ?S5 � : 755� ��9.260�: � � ` ��'oE�f Repairs an�I,Mamten�n�ee, . ', - , 1,�}15. ��� t,8i5 '�, �1�5�4Q � 1.365 � 1,3s�a �. � 1;.'�65 �;� i,#4U; � ^I;415` � 1,415 ` �1.416 1'41� �� �;�90; � �7.355� s3so� �� �.Make��teaay..�ihfenort�e'p�ira 1�sdQ o �� ; o o � 1Zs � o � ����, � a � ,. 500, ��- �.000; :�,.�a5�; 6385 Make Ready-int.Rep -Reimbursem 0 0 0 0 0 0 0 0 0 0 0 0 0 635U �lake;Reatly»Carpet Cfeanrng 7�OQ� � ;�7 D 2oa ' � a : � U 1;25Q t7 0' `8�f5U'' 6395 Make Ready-Carpet Cleaning-Reim 0 0 0 0 0 0 0 0 0 0 0 0 0 &4.Ot7 Make�teady-Garpet,Repl,acettient 1,;�00 ii �j tl t? D tl t3. - t� - S(3(7 0 � 1,700' 6405 General Cleaning 21,OD0 0 0 0 350 0 0 0 0 1,250 0 0 22,600 84�d . � M�k�;Re�dS'=G8n Cle�n.' 'R�ir�b. ,�" � q 4 �" �`�3 � i� 0 � 0 0,? 0 � ti ', I p � i� �t1: 4; 6415 Make Ready-Intenor Paint Repair 32,500 0 0 0 750 0 0 0 0 1,500 0 0 34,750 6�#2p tviake F2eady,�,inter�or Paint F2eimb.; � t? ', i7" b � (1 p �' p : d ; p - p ; p` 6425 Appliarsce Repair 350 0 D 0 0 0 0 0 0 0 0 0 350 643� l,oGUK�YS, ` 66Q Q Q 0 0 0 0 '" ' D , 0 ' , q- 0 CJ 6t�0. 6435 interior�ight Bulbs 350 0 0 0 0 0 0 0 0 0 0 0 350 6440 UVindo�±Goverirrg•Repair : ' b 0 0 0 0 t7 " p p . t� -i tl tI 0 4. 6445 Tenant Reimbursement 0 0 0 0 0 0 0 0 0 0 0 0 0 sa50 t+Urit��;ffs1'T'enant Reimbur'sem�rrt ' b o ' 't� o �j � o � ' a . a ' i�t�� 0; � �b �� p i 6455 Make Ready-Miscelianeous Exp. 200 0 0 0 0 0 0 0 0 0 0 0 200 6580 Ligfik,Fi�ctur�s . 35d Q Q. Q 0 ! tl tl 0 0 C7. 0 0. 350' Totai Tumover Expense 65,050 0 0 0 1,425 0 0 0 0 5,000 0 1,000 72,475 _ _ _ _ _ _ __ __ __ _ 6645 LpCstc�t-F��s 23`+,1QO Q' ': �t D j 0 b, ��y0+ � d1 0 ; I b Q �i i}� 23,10Q' 6650 Locator Reiations 0 0 150 0 0 0 0 D 0 0 0 0 150 6¢55 Resi+i�nE,Relatians; - 750 d7 0 0 � � t�; t7 0 . ;" G D :., Q 756� 6656 Resident FuncYio " ns 1,250 500 500 500 500 500 500 500 500 500 500 500 6,750 ¢858 .. � CaR1Aws Evenf"s- " !2q6 " 0; �DO U ��� 0 . � 500 - 1;250' �� t��� 6 �'. ; 0 - 0 '�� ": "SCrb' �.650'. 6670 Newspapers 500 500 500 500 500 500 500 500 500 500 500 500 6,000 6F�5, Ma�a�ines �. ;7�5 'i2a"�� � 125 175 725 � � 125 �t�5; .. " . . �179� � 125 �. ��25� �1,�5 ' 1�5�� : �� ��600< 6685 Brochure Advertising 0 0 3,500 Q 0 0 0 6 0 0 0 3,500 5680 ', L1ire�f fl+Fai( 700 7C1Q; 7QG 700 ' 740 70C} 7pp,<. �t3t)" 7tlq : 7QtY' y00 ' 7�Q !8,4p'0; 6695 Apartmen4 Guides 0 0 0 0 875 875 875 875 875 875 875 8�5 7,000 8��l0, � � S�gn�„�slS�gn�Plat.;��ier�t,�i�,.�� �tY � �0�; ��SO � 90 , � 5Q - SO SO'� �C! ' � �7 ��,� , �b���. � �" 9p �,� ,SQ; �� � �00> 6715 Internet Advertising 550 550 550 550 550 550 550 550 550 550 550 550 6,600 BT�� '. Modet'Apattrriertt Es�pe�s� � ��,.25� �� ��5��� �2� �5, '+ 25 � �25 . � �' �":,�5 � 25"'�..',. " �� 35. ;.,25' 25��' 39Q,; 6725 Flags/Banners/Mats 150 150 150 150 150 150 150 150 150 150 150 150 1,800 6730 fl�ce;Refi�hrrrrients �� C1 �! ��� Q � � � � Q - 6�. � t� 4 ; 0 -'',r �� .��� 0: � :0�� 6735 OtherAdvertising 8 Marketing 0 0 0 0 0 1,000 1,000 1,000 0 1,000 0 0 4,000 Tafat fsdvettising&Promotions .' 27i4p4 ` ;2,6QC1; 6,450 ; 2,600 3,4�5' �1,J75 �;725, 4;4'l5 3,475 ; 4��"�5 ,, 3;475 3,975. 7�;1Ap? �6�J1fl, `- ,Le��l;��e�s,' ��.;� �?2Q0 ;: ` . 20A �.,, 200' " ' �2DQ; ' 2tfR' ��217i1.'� "� �,20tl.�:_ ��2b,6 ' �. .;2Q0 �: 20Dr-` 209. ;,� � 200: ,2,AbOs Total Legal Fees 200 200 200 200 200 200 200 200 200 200 200 200 � 2,400 69�5 ! �AcCouilt}ng�ees � ' fl 0� �i D 4 ! � U 0 fl�-� 0� p.'� � q ; Q`; p'; 6925 Audit Fees 0 0 10,000 0 0 0 0 0 0 0 0 0 10,000 69�5 -' �����,;Othe�:Professionaf,F���.,;;.� K�, U: . ��3 Q. i � 0 �ti,'�_� ' i� t1 ; >..Q.: 0. ; ���� 0�:� Total Frofessional Fees 0 0 10,000 0 0 0 0 0 0 0 0 0 10,000 0 7�05 - � 7rave(;antl En��ctainment � ' q 0� 0� 0- I 0 0 � �! , � p i � . � , � Q 7210 Airfare 0 0 0 0 0 0 0 0 0 0 0 0 0 ��_�,5 �,., Autn Refftait�as��, �� £7 �t7- �� 0 t� .'� 0 ��- ti 0���� . ' 0 � ;G? ; . �'� Q�. ti ��� iS'- " &t: 7220 Lodging 0 0 0 0 0 0 0 0 p p p p p 7zzs �; -, r��ais� '� o a� � o a �� �r � �"� o�; � � �r�'� b� � o�, �a 7240 Parking,Tolls and Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Tt2vet and'��nXertaiiitnent ; C1 0� Q" t3 � �b 0; " �4'� �i� .. �U � Q' -, p� �': I Asset Management Fee 2,242 2,242 2,242 2,242 2,242 2,238 2,238 2,238 2,238 2,138 2,083 2,083 26,469 7A�0' ��..�.f?rop�[ty hAgrrft�`�ee � 8�970 � 8,970 8;5'70� �'.8,870. �s 8.97:0 $,5�5�1 � ! ,#�95�#.�; . �,6;9ria+�� � ��,� .8,954 i. �--.8;�53� . :.8;33i .�� 8,33���.� 405;876��� Total Management Fee 11,212 11,212 11,212 17,212 11,212 11,192 11,192 11,192 11,792 10,697 10,413 10,413 132,345 75�1a,' ��C�pettyl�SUr�(ice 1�965 .'_ 14,925 �� 7,065 ; 7,065 �� �7,06� 5,�10i} ��� �,��p' � ', 8;90Q'. � 7;155 ii- 7r.1&� '� 2,066. '� 2A6S'� '75,645-�'� 7525 Property Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 � ��".otaf�insutan�e�€�aTazes� '1,�865 + �4;925:� 7;q55� i'�;085 � :' 7,fl6'S � �,�00� �� S;�Off'� _ 8�t900�'� �: 7;,1,85' ` 71fi5, : :� 2;065� 2086;,� � � �S,Sq5" 7775° , Basic prQ�r�m F�es r "2r5Q0 2;54U 2�50Q 2�50p 2,500 2.500 2;500; 2;500 ?:�00 ;° 2�5bU 2;5tfQ �,500"; 3p;Opo<; 7960 Employee Relations/Membership 0 0 0 0 0 0 0 0 0 0 0 0 0 'CaYal p�es a,hd`M�mbersliEp Fee"s :: 2;500 2;500 2,500 i 2;500 2,500" 2.SA0 - " 2,500" , 2{5.0� 2;504 ' 2;5Q,Q` Z,50Q' 2,500" ;30,'000.-,; T�t:li::C�p�t�tilt�°E7(p4�I8e;4'' 'i$U.r;8Q�b` 92�$2G"': 92a531 TBa07& $9�21`T T7,�27$.' ; 86i9T8:'.. `�1�118 T�yB93` , 8+€;,,Yi$S" �-,$9f&�3 79��fib' "�iiD3j3�9,'::` iVet flpera�i»g lncome', " �#A3%b' �3.1,,8T2' 131,�p7 14$,96Z' 135;g21 946;fi6D' 94�,86U' ° 942,7�tf 14�'v;1,�55 123i1��' it8;374'' `'926.7Q2 ; q;6�3,`�3+& � 9410 Ir�teresf�Xpense•F:,f�ced 0 Oi 0 0 " '0. 0 0- 0 Q'i Q 0 i 0 0 r Totat Inferest.Expense- � 0' 0 0 0 0 D; 0 0 ' ' 0 0 0' p' 95�1A F,.x#e,tiar,'P,aint % �� 0 a( � 0 Q ° � 0 2;50�" 4} , . �� i. 0 0 �: 4� � 2;560�- 9515 HVAC 300 0 0 300 0 0 300 0 0 300 0 0 '1,200 s52d � -�air�sc�pe ; o o? � n �a � '�o . �� t� �. a� � � � ��tr; � a""" �. �� a o;���i 9530 Signage 0 300 0 0 0 0 0 0 0 0 0 0 300 _ _._ _ _ _ __ _ 9���5 Carp�t 12;000 6'� `�� d G � ��U t� Oi � � CS ��� �'1,5a4 � Q i U ��,500�: 9570 Countertops 0 0 0 0 0 0 0 0 0 0 0 0 0 9575 L�ooea Ci 0 0 4 '0 0 U' t�. 0 p . ti tl 0'; „ 9580 Light Fixtures 0 0 0 0 0 0 0 0 0 0 0 0 0 5550 , �. Btinii5 " �504' ff', � 0 fl � D t3�"��� � tt'� '�- fl t5� � U'� " � �q ; � 0� � S00� 9600 Piumbing 0 0 0 0 0 0 0 0 0 0 0 0 0 96;05 Fia�re;ations�aciitties ��BO � � �! " 0 26Q ; �'�0 � 0 26p�; 4 0��� �`25Q � � L! Q 1,000` 9610 Security System 0 0 0 0 0 0 0 0 0 0 0 0 0 96�(3 ' ��!$hyI } ' � 0 0�, ; �s �0 '� ;ti �0 � tl'� , t% i� " �� t1 � 4"-��� ' �'�� 1�,: 9630 Ceiling Fans 0 0 0 0 0 0 0 0 0 0 0 0 0 9635 !�PPliajtcas � �00 0�� �� p � 300 ' q i7 � - 30Q�'� � 9 � p�:,�.. ��300 � 0�"� �' 0�' ; "1,2QD,�; 9645 Reimbursements 0 0 0 0 0 0 0 0 p 0 0 0 0 9fi5t5. 12epiacerrients�.-�7ftier, . S,�tQO Oi �� 4 b ', C}" �0 � ��: �. , tY�� �. 0.',,-� ; .0�' ;' �;�00: ' 8,8qq:; Total Reptacements 18,750 300 0 850 � 0 3,350 0 0 2,350 3,400 0 29,000 9827 Staitrup C&sts + 0 �};: i 4� ' Q ; '�0 � �0 ��.0�� =;0 � 0',: '� b," � " tl -. � r`�;, o;+, Start-up Costs 0 0 0 0 0 0 0 0 0 � 0 0 0 �SBQ" . �asi��.Prograrr3.Ad�ri�nist��ar'Fes �� A 0: Q �r� j t} �-t7 9'�� , �Q, a;.". ��� 0 � 9 , q? 0< Issurer's Fee 0 0 0 0 0 0 0 0 0 0 0 0 0 9��00- � '1'ax FteturnPrepPees p 0' '� 0 � C�� ' ��o � �1 � 0:�� t�� � b; "� _� 0 �� 0"-�� � 4: �l; 0 0 0 0 0 0 0 0 0 0 0 0 0 ��bfi �SePS+1��,Fees� ' � ��d17 �t17`_ 417 d17 � 4�7 ; 417 � :417'���� ;�d1�` 417 i ii�.�17 " �F1`I� ; � 413; � 5004`': 9915 Trustee and issuer ees 0 0 0 0 0 0 0 0 0 0 0 0 0 Tci#a[�t�tFte�:�Xpe�Se �917� 417; A�17 A57 ._ �4�7 � �Vi7 �' 417� , � '��R17 `. �4]7`�� .�17� 417 �� �}13��r . ; S,q�Ip�. Oper�#ing�R�s�i'Ve. " � 0 � �1 Cl; t� �: 0 " Q � � �0�:,. ... � �`_ �, ' � , Q; :: �0��.�:�. �4: Total Suspense 0 0 0 0 0 0 0 0 0 0 0 0 0 Tqtat;Npn;ppe"i�attiig:�XpBtrses: ' 19.187'. �17s �}97 � 7.267�" ' �57 � 4i7� � 3;7&7�, ���4'f7 #17' . ' �,�,767`.' .� � ���17:,��� `q�k3��� . �34,l30R; CASFI F1:OItU, :. 24,21i7 13'�',U95; 131;294. . 146,895 "'' 'i34,604. 1A6,143 ' 139,093,=. . '142.3U3. 144,728; 926;�72, 114,557 '128�2$8 1;509,&34;