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HomeMy WebLinkAbout2005-2006 San Marcos Budget �' �� �11� � �, � �'�` "��� � ` ��'x ��'� �'����� ��'�,y��^ r�'�= *_. ��" i.�x'� ��.��s��",, `�+.�"���5����������"� .�';y. "���"t� �� �� ����"r��`���a��*�;��� w ; _ r,;�w�=r.,,;.�..� ��:r "�; .��*�s�- ,:� % �. � � �"s��x��������� ���� � �rr '�� �� ��� �� � :��� � ��� W t ��� �4� ����� ^�` �« e ���� � . ������������ � � ��� �� � �*;�+� �������������� ���� "`'�m '` � ��� � � +` k' �; .r r �' a a *, x ., i'`3'. �'�„ ''"a � `x< - . '��', :'a� � r . � � "�"�' ' *E" �� ��'1^�'.:.�`*'.S s�r.'>k-,1�. f� L1� 2"v.ux''^� �� FK � `� "�3 l, k �;., `�� �� d- . . �'�}t�."C "'�^.��"R't R i �� � � `�"� ..; v �y..::;,, ���w � w . � � �� � ` � >r� � �.�.. �r � ��� 2 5-2 6 E Il� IJ � ' � ,'p'' IN4ESTiviENT • MAN!1GEMENT � DEVELOPMENT 180Q Bei7ng Drive� Suite 320� Houston TX 77057'� P 713-782-5800� F 713-268-5111 www.assetcalnpus.com 'I'exas Stat� iTniv�t°si� San ar�os, 'I'�xas LTI�IVEItSITY IN�O AT'IO�T: • State-supported university,founded 1899,part of Texas State University System • Calendar semesters � Degrees bachelor's,master`s, doctoral, and post-bachelor"s certificates � Suburban 423-acre campus with easy access to San Antonio and Austin a Endowment$37.5 million • Coed,81%full-time, 55%women,45%men • Moderately difficult entrance level, 80%of applicants were admitted FI�SgI1VIr�N Admission: 14,224 applied, 11,311 admitted,2,801 enrolled TOTAL ENgtOLL,16�IENT Current Enrollment:26,827 students Prajected Increase in Enroliment: 3%to 27,575 students. Increase of 748 students FALI,2004 ElVROLLMEN'i'�.NAI.YSIS 12th Class Day University enrollment is 2b,827 students or+461 students(+1.7%)increase from Fall 2003.This fall enrollment is Texas State's highest ever and the sixth fall semester in a row to set an enrollment recard. ' ^Undergraduate enrollment increased by+563 students(+2.6%}and graduate student enrollment increased by+128 students{+3.9%). Undergraduate enrollment increased to 22,605 or+Sb3 students more{+2.6%)than last fall. The largest increase in�mdergraduate enrollment was a+5.5 percent increase in sophomores{+267 students). Graduate enrallment increased to 3,396 students or+128 students more(+3.9%)than the previous fall semester. Ilniversitv �-Iousin� Policy In support of the ed�icational missiou of the University and the value of the on-campus life to the academic success of most students, all unmarried students under 21 years of age who may have completed fewer than 56 credit hours(i.e.:Freshman&Sophomore years) must reside in university housing. Students are required to sign a room and board contract that is binding for the full academic year or summer terms.Exceptions MAY be granted if a student lives at home with a parent or is married. Students must complete an Off Campus Request and submit it to Residence Life with sufficient documentation to support the information given. Students who will have compieted at least 56 credit hours or are at least 21 years of age do NOT need to submit an off campus request prior to the ' contract period. 2003 2044 Chan�e Number Percent Number Percent I�,Tumber Percent Total�tudents 26,366 26,�27 461 1.7°/m Classi�cation Freshmen 4,374 16.6% 4,I48 15.5% -226 -5.2% Sophomores 4,840 18.4% 5,107 19.0% 267 5.5% ' Juniors 5,411 20.5% 5,610 20.9% 199 3.7% Seniors 7,417 28.1% 7,74d 28.9% 323 4.4% ITndergrads. 22,042 83.6% 22,605 84.3% 563 2.6% ; Masters 3,155 12.4% 3,246 12.1% 91 2.9% Doctorai 113 Q.4% 150 0.6% 37 32.7% Graddtates 3,26� 42.4°l0 3,396 12.7% 42$ 3.9% Postbaccalaureate 1,056 4.0% 826 3.1% -230 -21.8% 10�AIZ�+T C�JIVII'A��I,�+S: 'I'exas State ITnrvers�ty �n & f�ff-���t�a�s I�ousing ' 103% Occupancy Fa112005 (6,344 beds accupied)-24 On-Campus Resident Halls(6,1�9 Totai Beds) 3 Off-Campus Properties 60%Occupiec�-Clear Springs Apczr•tments-83 Units 80%Pre-Leased $0-Application Fee !--- $150-Deposit lbed/Ibath $552 ' �573 $599 2bed/1-1.Sbath $758 2bed/2-2.Sbath $785 $8ll 3bed/2bath $997 ' 75%Occupied-Comanche Hill Apartments-716 iinits 80%Pre-Leased $0-Application ' �150-Deposit lbed/lbath $S15 $525 2bed/lbath $626 2bed/2bath $642 60%Occupied-Bobcat Village-660 Becls $!I%Pre-Leased $25-Application $99-Depreciation lbed/lbath $750 Zbed/2bath $469 **Rent inciudes Electric,Water, Standard Cable,High Speed Internet,Monitored Alarm,and Local Phone. ****Campus properties receive referrals directly from the TJniversity. 'I'hey are the only properties in town that this applies to. Off-CartyPus Flousin� 91%Occupied- tlniversity Springs-584 Beds 48%Pre-Leased $35-Application Fee $0-Deposit $0-Administration Fee ' 2bed/2bath $469 3bed/3bath $430 4bed/4bath $356 **Rent includes intemet,cable,water/trash/sewer � 60%Oecupierl - UniveYsity Club-440 Becls (Built 24(11) � 73%Pre-Lensed $30-Application Fee ' $99-Deposit 4bed/4bath $355 3bed/3bath $410 2bed/2bath $425 **Rent includes basic phone with caller id,cable with HBO,valet trash 10�%Occupied- The Outpost-468 Beds 69%Pre-Leased $150-Resident Life Fee(Due upon Move-in) $0-Application Fee $0-Deposit 2bed/2bath $475 3bed/3bath $475 4bed/4bath $425 **Rent includes furnished unit,cable,internet,water/trash/sewer 81%Occacpied - The Zone-696 Becls 44%Pre-Leased $30-Application Fee ' $I OQ-Deposit lbed/lbath $695 2bed/2bath $500 3bed/3bath(large) $460 4bed/4bath $410 **Rent includes fumished unit,cable,internet,phone ' 90%Occupied- The Exchange-81 b Becls 72%I're-Leased $b0-Application Fee $250-Deposit lbed/lbath $719 2bed/2bath $530 3bed/3bath $489 4bed/4bath $415 **Rent includes furnished unit,cable, internet,phone,water/trashJsewer 20%Occupiec� - The Exchangel�(EX2)—600 Beds ' 63%Pre-Leased $99-Application Fee $200-Deposit lbed/lbath $775 2bed!2bath $499 3bed/3bath $499 4bed/2bath $N/A 4bed/4bath $390 **Rent includes furnished unit, cable, rnternet,phone,water/trash/sewer 90%Occupiec� - The Ride—573 Beds (Subject Property) ' 7S%Pre-Leased $35-Application Fee $0-Deposit I bed/I bath $690 2bed/2bath $460 3bed/3bath $390 4bed/2bath $355 4bed/4bath $375 **Rent includes fiirnished unit,cable, internet,phone,water/trash/sewer NE PIiOJECT� 2004-2045: The Seasons(15 Buildings)Opening August 2005 (Projected 492 Bed Total} 0%�ccupied 25%-d're-Leased $0—Application Fee $0—Deposit 2bed/2bath $529 3bedi3bath $499 4bed/4bath $429 The Seasons delayed construction and missed their Target Move-In date of June 1 S`. Because of this,they were farced to give all of their summer leases to the Exchange. Construction has resumed and a new Target date of August 5,2005 has been set. The Sanctuary(200 apartments)Opening August 2006(Projected 500 Bed Total} ' www.thesanctuarvlofts.com F���� ��oJ�c�s zoo6-zaa7o No permits pulled yet. �umtna�� The university housing policy requires ail students under the age of 21 who have yet to complete Sb credit hours,essentially all freshman and sophomore studenTs to live on-campus. The University's live-on requirements have placed a strain an the off-campus facilities,both by the bed and by the unit,causing prices to drop and competition to become more intense. In addition,two more student housing communities are in the works,one for fa112005 and one for fail 2006,only further cornplicating the already saturated market. Campus is benefiting from the live-on ruie and is at 103%Occupancy for the upcoming Fall Semester. This is a 21%rise above last year's occupancy of 82%in the spring semester. Average market pre-leased occupancy for student housing in the San Marcos area for the fall of 2005 is 70.4%,down from 88%the past spring. The Ridge @ San Marcas is currently 75%pre-leased for the upcoming fall semester,5%above the market and 3 %above the closest competitor. The Ridge at San Marcos WEEKIY TRAFFtC REPQRT 7/25/2005 MON TUE WED THUR FRt SAT SUN TOTAI TRAFFIC 6 5 6 i 1 1 1 21 51GNED APPL: 2 0 0 3 4 2 3 14 C�OSING RATIO 67°/a NET�EAS{NG ACTiV171ES: NEW APPS THIS WEEK 14 #OF CANCELS 2 NET GAtN1LOSS THIS WEEK 12 THIS WEEK Sq.Ft.OF UNIT: 477 766-768 988 1115 1320 1560 A1 B1,2,3 C2 D1 D3 E1 TYPE OF UNIT: Eff. 2bl2b 3b13b 4b/2b 4b/4b 5bt4b TOTAL ANNUAL RENTS: $,280 5,520 4,680 4,260 4,500 5,160 MONTHLY RENTS: 690 460 390 355 375 430 TOTAL BEDS: 12 68 108 168 192 5 553 #OF APPS RECEIVED THIS WEEK: 1 0 0 8 5 0 12 %OF TOTAL BEDS: 8.3% 0.0% 0.0% 3.6% 2.6% 0.0°/a 2.2% #OF BEDS LEASED THIS WEEK: 1 0 0 6 5 0 12 %L.EASED: 8.3% OA% 0.0% 3.6% 2.6% 0.0% 22% TOTAL A 61 C2 D1 D3 E1 TYPE OF UNIT: Eff. 2b126 3b/3b 4b/2b 4b/4b 56/4b TOTAL BASE RENTS: 8,280 5,520 4,680 4,260 4,500 5 160 TOTAL BEDS: 12 68 108 168 192 5 553 #OF APPS RECEIVED TO DATE: 5 49 105 125 182 5 471 %BEDS W(APPIIGATIONS: 41.7% 72.1% 97.2% 44.6% 94.8°!0 140.0°l0 $5.2°/ #OF LEASED BEDS TO DATE: 5 49 1Q5 125 182 5 471 i %LEASED: 41.7% 72.1% 97.2% 74.4% 94.8% 100.0% 85.2°/a #OF BEDS REMAINING(unleased 8�un-apped): 7 15 3 43 10 0 78 �,�,. ,. .�.,,�:. �,�..,..,,,, ,.<, �.,,,.� ,,s. .,.... ,.,,,.._. . , Rentai AdiustmentsiConcess�on History 20�512Q06 A1 81,2,3 C2 D1 D3 E1 Eff. 2bl26 3b/3b 4b12b 4b14b 5bt4B SUMMER SLAM SPEGiAL- 1 MONTH FREE on the 4x2 oniy Wiil be broken up were 1/2 off first months rent, then 1/2 taken off over the term making the rentai rate$340 7/1l2005 $309 �. :,..... ._— _. _ . .�: ., . .;... � �. .._ . .� � > TSHA Students: A1 B1.2.3 C2 D1 D3 E1 Eff. 2bf2b 3b13b 4b/2b dbl4b 5b/4b Totai Maximium Scholarships To Be Awarded 4 Total Offers Sent byTSHA " Total TSHA Leases Sign as of: 5/16/2oQ5 Z Outstanding Offers as of: 5116f2005 0 0 0 0 2 0 2 Max.Scholarships Left to Be Awarded 0 0 0 A 0 0 0 i r unots ��3 Fiscai Year Ending August 3�, 2Q06 ��dS 553 ' Opera�ing �udget Prepared 6/20/05 �udget i2eforecast ` �' Year Ending Per Per Year Ending Dit`ference 8/31/2006 Unit B�t! 8l3�f2005 +/_ RE�T,�.L INCOME $2,585,640 $ 14,946 $ 4,676 $2,632,304 $ (46,664) -1.8°l0 ' Accelerated Rent $ 3,000 $ 17 $ 5 $ 20,400 $ {17,400) -85.3% � Short Term Rent Premium $ 12,250 $ 71 $ 22 $ 20,000 $ (7,750} -38.8% Less: , Vacancy $ (211,161) $ (1,221) $ (382) $ (312,467) $ 101,306 -32.4°10 � Concessions $ (65,241) $ (377) $ (118) $ (172,OOQ) $ 106,759 -62.1% Other Losses (LTOL): $ (48,000} $ (277) $ (87) $ (92,000) $ 44,000 -47.8% Write-offs Renta( Income $ (20,000} $ (116) $ (36) $ (40,000} $ ZO,d00 -50.0% '� Non-Resident/Emp. Rnt. Disc. Units $ (71,400) $ (413) $ (129) $ (77,150) $ 5,750 -7.5% A1E1' FZEiVTAL IPVCOME $2,185,088 $ 12,631 $ 3,951 $1,979,087 $ 206,001 10.4°10 � Other Income $ 78,715 $ 455 $ 142 $ 75,000 $ 3,715 5.0°l0 i'OT,�L IRICOfVIE $2,263,803 $ 13,086 $ 4,d94 $2,054,087 $ 209,716 10.2% , � EXPEPVSES Totai Personnel Expense $ 252,487 $ 1,459 $ 457 $ 249,000 $ 3,487 1.4% � Total Utilities $ 273,095 $ 1,579 $ 494 $ 263,000 $ 10,095 3.8% Total Administration Expense $ 48,20d $ 279 $ 87 $ 35,340 $ 12,860 36.4% Total Contract Services $ 25,860 $ 149 $ 47 $ 24,850 $ 1,010 4.1°to � Total Interior Maintenance $ 19,175 $ 111 $ 35 $ 18,000 $ 1,175 6.5% Total Exterior Maintenance $ 17,17Q $ 99 $ 31 $ 14,700 $ 2,470 16.8% Total Turnover Expense $ 61,975 $ 358 $ 112 $ 58,400 $ 3,975 6.9% � Total Advertising & Promotions $ 39,675 $ 229 $ 72 $ 38,004 $ 1,675 4.4% Total Legal Fees $ 2,400 $ 14 $ 4 $ 2,400 $ 0.0% Total Professiona! Fees $ 10,000 $ 58 $ 18 $ 15,OQ0 $ (5,000� -33.3% �- Total Trave( and Entertainment $ 1,200 $ 7 $ 2 $ - $ 1,200 #D1V/0! Total Management/Asset Fees $ 113,190 $ 654 $ 2d5 $ 66,000 $ 47,190 71.5% Total Insurance and Taxes $ 65,759 $ 380 $ 119 $ 58,000 $ 7,759 13.4% Totai Dues and Membership Fees $ 1,500 $ 9 $ 3 $ 11,500 $ (1Q,000) -87.0% I TO?AL EXF$EPISE�'s $ 931,687 $ 5,385 $ 1,685 $ $53,790 $ 77,897 9.1% � N01 before Capitai Improvements and Debt Service $ 1,332,117 $ 7,700 $ 2,409 $ 1,200,297 $ 131,820 11.0°/a � TOTAL OTNER EXPEf�SES $ 28,812 $ 167 $ 52 ${131,820) #D1V/0! CAPITA� EXPENSES $ 75,450 $ 436 $ 136 $ 98,OOd $ (22,550) -23.0% � $ - DEBT SERVICE � - $ - $ - $ - $ - #D!V/0! � f�El'C,�SF4 FLOW $ 1,227,855 $ 7,097 $ 2,220 $ 1,102,297 $ 125,558 11.4% The Ridge Qa San tVffiarcos San Marcos,TX 6/20/2005 173 Units 553 Beds Sep-05 Oct-05 Nov-OS Dec-05 Jan•06 Feb-06 Mar•06 Apr-06 May-06 Jun-06 Jul-06 Aug•O6 Totals Occupancy 93% 93% 93% 93% 92% 92% 92% 92% 92% 90% 90% 90% 92% 44t75. �ched'ui�d-Renf�!Rev�riue 215,�}70. 215;470., 21.5.470.. 215;47p.. 215.470 ;2i5�470,`. 245,470` 215,470., , �-h5;47C� " 215�470"" 216,470. 215;474;' 2,S8S>G�LO 4030 Gain(Loss)to Lease (4,000) (4,000) (4,000) (4,000) (4,000) (4,000) (4,000) (4,000) (4,000) (4,000) 4,000 ) (4,000) (48,000j �i0A5 Shor4 T,�riri Ftent E?remiutj� t,600 1,500 ' 1,5Q0 1;&OQ 1,250 1,250 ` ti;254, �,25,0 ti,,250.. 0; , U' . 4, 12;250,; 4050 Vacancy�oss (15,083) (15,083) (15,083) (15,083) (17,238) (17,238) (17,238) (17,238) (�7,23&) (21,547) (21,547) (21,547) (211,161) 4455 Prizr�P,eriod Adj'»Uacar7Y ; � 4 0 ; 0 0 U 0 0 , 4 9 '. td 0 0.'. 4056 Prior Period Adj-Rent 0 0 0 0 0 0 0 0 0 p 0 0 0 4060 Leas�:Concessi�ns, {56;078) {833} ; (833} 4833} ! {833} (833) {833) (833y " , (833) .- (833).. ' (833} {833} (65,241) 4061 Leas�Prorate Concessions 0 0 0 D 0 0 0 0 0 0 0 0 4075 . . _�. Acce _. _., _ w� �. _ . _. , �. _ �... _ w._ �... ��.. , _. � . n.. .. ..,,.� ., .., .�. ierated Rent 2,000 0 0 0 0 0 0 0 0 1,000 0 0 � 3,0 � 00 9082 Write-offs`FtentaP income {1,OQ0) ; (1',000} (1,000j (t.000} f2,004} {2;000); (�:ODp) (Z',400) �2«400) (2;600).. �2.�OOY {�,t}04} {2Q,OOOj 4085 Non-ResidenUEmp.Rnt.Disc.Units (5,950) (5,950) (5,950) (5,950) (5,950) (5,950) (5,950) (5,950) (5,950) (5,950) (5,950} (5,950) (71,400) Total Rental Income 136,859 190,104 190,104 190,104 186,699 186,699 186,699 186,699 186,699 182,140 181,140 181,140 2,985,088 Economic Occupancy 64% 88% 88% 88% 87% 87% 87% 87% 87% 85% 84% 84% 85% 4095 Cyara�e/Carpor[ReRf f,695 �� '1,695 � 1,685 'l;695 ;1,695 '� 1,895 ' � 1,695 �-,69� � ��#,B�S 1,59�' �I,69� " 1,,695 . 20;3"40;� 4096 Garage/Carport Concession � 0 0 0 0 0 0 0 0 0 0 0 0 d105 Pet Fees/Rent/Hon�Ref,C1�4�, 1�500 d Q 0 9,500 U < b . 4 t} �.q00 t3 � 4,000 4115 Storage Rental income 0 0 0 0 0 0 0 0 0 0 0 0 0 4,.155 VendEng Incqrri� 125 0 0 �3 125 fl '- i} t3 " 125 , 0' Q tl 375 4175 Appiication Fees 0 250 250 250 250 250 500 1,500 1,50p 1,500 1,000 2,000 9,250 4:`I77 �,ppiicaxiqtt F�e�acpens�; Q 0 ; 4 0 0 a Q 0 � Cr 0 ti :0,' 4185 Canceliation Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 41&7 Writ�UUfiis:Cancellat`ion�ees D {7 i} 0 0 Ci ' tl CS , d D= 0 - ' U 'tY; 4190 Relet Fees 0 0 0 0 1,500 0 0 0 0 1,500 0 0 3,000 420U_ N,SF�F�� ` i75 �75 ���, '175 ;'175 t 175 � 175 � �d75 � 175� ; 1�5 175��' 9�75 , M75� � 2,16�0; 4205 Late 1=ees 200 1,800 1,800 2,000 1,800 1,800 1,800 2,000 1,800 1,800 1,800 1,800 20,400 �210 GreditGard;�ees i 400 400 400 400 4aQ 40D 4A0 4R0 ADO 4p0; . 400 AOt3 +�,8d0, _,: 4215 Damages 0 12,000 150 0 0 175 0 0 0 0 175 150 12,650 42'16 Y1tri�e Offs,Qainages 0 o D o U i3 i 4 � � q � , p n'; 4217 Administrative Fees 0 0 D 0 0 0 0 0 0 0 0 0 0 4Z24 �'orfeifec!Deposits Q, 0 ' 0- 0 #� Q D � fl p . Q , ' 0 0'? 4255 Common Area Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 426tl.. (.�:as?�V�4fat�tins incc?trie ? 1,,5p 15Q 150 150, ' 150 1S0 ' 160 150, 15p- '15p 15i7 :15p 1,80f1 4305 Other Rentai Incame(Misc.Income) 0 0 0 0 0 0 0 0 0 0 0 0 0 430�J Wr1t��fFs Other,Ftenfal-' �, . 4 �0 � � �7 '. Ct b , � �3 0 4 0'�� �4 �� tl �� �i. 4510 Shor4-term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 TotaE Otherincome 4,245 16,470 4,620 4,670 7,595 4,645 4,720 5,920 5,845 8,220 5,395 6,370 78,715 Total income 141,104 206,574 194,724 194,774 �94,294 191,344 191,419 192,619 192,544 190,360 �86,535 187,510 2,263,803 __ _ _ _ _ __ . Tire Ridge @ San Marcos San Marcos,TX 6l2012C?05 173 Units 553 8�ds Sep-05 Oct-05 Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-O6 Jul-06 Aug-06 Totais 5Ct23 Salaties�Marta��rrient� �12;557� r�9,b57 7,557� 11�335 '�7�557 � 7�55] � � �7;5,57� 7r557" s7 5�7".�":' 11,335�� �r55� � 7�557 'lfJra,24D� 5025 Hourly Wages-Service 11,872 4,872 4,872 7,208 4,872 4,872 4,872 4,872 4,872 7,208 4,872 4,872 70,140 503�1 �Htiwdy-Ul7ages�:House�eepfng , t� b ` 0 ;` 6 �0 �0" �: � i� � ���0 � 0 �t8��' ; Q � ����� ff 0�� 5045 Overtime 0 0 0 0 0 0 0 0 0 0 0 0 0 5Q46 t7vertime»Managernenk ` � 0 Q D " 0 4 4. i 0 0 tf' {7 : 0 0 5047 Overtime-Service 0 0 0 0 0 0 0 0 0 0 0 0 0 505tl Over{sme-Main{lGround� b t7 �- 0 0 0 t� � 0 . � tS �tl . U: 0 �� �U 47: 5055 Overtime-Housekeeping 0 0 0 0 0 0 0 0 0 0 0 0 0 b462 Terripc�ra"ry EtYtpleryinent ', , Q S� ; �3 ' �� ' 4 U ���� A � 0 , U 0?; � '�4� i� � �. ��:�. � 5080 Payro(I Taxes 3,517 3,158 1,485 2,216 1,485 1,485 1,485 1,485 1,485 2,216 1,485 1,485 22,989 5�J0 - �rou�Ins�rancg �78D ��80 ` Z8p �80 '� 780 780 ` 78�� � �78Q �� 780 � ?80�. 78q � �780 9,38p�'� 5100 Workprs Compensation 3,252 2,920 1,373 2,049 1,373 1,373 1,373 1,373 1,373 2,049 1,373 1,373 27,258 51q5� � Eillpfriy�c.4o�k'C4ntrEtiutions ,, d D ��� D , ' 0 U �� '� � � �� . �. Q (11 ;� � a D� 5114 Uniforms 0 0 800 0 0 0 800 0 0 0 500 0 2,100 ���7 � Ottrer t�eraon��l�xpena� � . �� a 600 �� 0 , �60d � �600 � � 6,D0� tl ��500� � � :D � ��� � d,6�1p' 5146 Empiayee Screening Fees 0 0 0 0 300 0 0 0 300 0 0 0 600 514? �mplr�y��Recr,'uitm9.Fe�s 0 �i, 0 0 4 0 4 -. 0 tl 0 '0 U � 5149 Heip Wanted NewspaperAd 0 0 0 0 100 0 0 0 0 100 0 0 200 5190.. Le�sing Gammissions_ � �;�Op � �:12;Oop - p � 0 .. D. 0 ' � b ° Ct U � �,0�- !.tt,:^ q„ . " � 17;�10�I; Total d'ersonne�Expense 36,978 33,888 16,868 24,189 16,468 16,668 16,868 16,668 16,368 24,289 16,568 16,668 252,487 5411 �Iectr�cfty�Clubtioias� : 2,300 2,30(? 2;300 2�3,0,0 ,2,34d 2,3t7D 2;3D4 �,30,fl ;�,3t7Q' , ' 2,300 2,300; 2;30D: 27,BDD 5413 Electricity-Vacants 7,100 250 250 250 250 250 250 250 250 500 250 250 10,100 5474 Electi'ae�ty'Reimb�r§c�rrtenf� 0 t� 0 � D U {9 U Q Cl' ,,0 fl 0> 5436 Water/Sewer-Clubhouse 250 250 250 250 250 250 250 250 250 250 250 250 3,000 544,2, UVatea�/Sewer=Ftesidenis > 3,Zt10 3;700 �,7Q0 3,'706 3,7A0 3,70Q �;'70f1` 3,70t1. 3,?UO �,fio0 3,700 �;70G 44;4d� 5456 Gas 0 0 0 0 0 0 � 0 � 0 0 0 �0 0 0 546b , Gas��:tubhnuselMoilels ; 2'�5 225 325 325 , 325 325 225 225 22,5 225 ` 225 225, �,14,0: 5475 Refuse Removal 1,620 475 475 475 475 475 475 475 925 475 475 475 7,295 55t}S Cabte" . 3,125 ; 3,125 ' 3,125 3,125 . �,125 ' �,125 �,125 3;'125' . �,125 �,12,5',: ��125 3;.125 : 375D0: 5514 Resident 7elephone 3,405 3,405 3,405 3,405 3,405 3,405 3,405 3,405 3,405 3,405 3,405 3,405 40,860 5�20 � ,tlt�iec Fu�ls„U„titities ti 0 -i 0 � (1 0 0 ": � p� b Q �.0';" Q �f .� �7< 5525 Residentinternet 8,270 8,270 8,270 8,270 8,270 8,270 8,27p 8,270 8,270 8,270 8,270 8,270 99,240 ��of.ai���,:Utilities ' 29,995 ,,22,000 ; �22,40� 22.�100 �2,100' 22,100� '� 22,'00� 22�OOQ 22;450 22�250''�, ' 22;Ob0 22�tltl0 . ' �273:Ct95', The Ridge @ San M arcos San Marcos,TX 6/20l2Q�5 173 Units 553 Be�is Sep-05 Oct-OS Nov-OS Dec-05 Jan-06 Peb-06 Mar-06 Aprv06 May-06 Jun-06 Jul-06 Aug-06 Totals &�56� �� 'T,elepHone�Bas,ic. ��875 i �575� ; 675�� 675 � 675' 675 �� `fi75� 675="' S75'� �"G75�; 6'�5 675. �� 8,140; 5657 Telephone-Long Distance 225 225 225 225 225 225 225 225 225 225 225 225 2,700 5685. Answe�`ittg ServiCe/Raget`s_ 720 . '�ZO 124 120 120 120 i �20 , t2Q 120 ��C? 130 , 120 i,940.; 5805 Postac�e 100 100 100 100 550 100 100 100 100 100 325 100 1,875 581f7 Gputi8r1C3vernight'Deliasry� ip0 900 10D i00 ; t00 10p �O(1;. 1p0 ; "tOti . �00 ,. t40. 100 1;20U`' 5820 Computer Suppiies 160 160 160 160 160 160 160 160 160 160 160 160 1,920 5825 CorCipiater�qiiip>Softwark: + 0 300 0 d 2t�0 0. ; 2,500 10� t2 0 ',0 - 0 3,10p 5838 Bank Charges 50 50 50 50 50 50 50 50 50 50 50 50 600 5�135 �Employee'EVaivafirana ! ,0 �i q' ' D �p. . {3 .' �,i7�; , ��p � p . 6.; Q "� Q � �j�; 5840 Credit Card Charges 900 900 900 900 900 900 900 900 900 900 900 900 10,800 5$4� Offiee 5uppiies . 200 200 i 20ti 200 200 200 ' 20fl 2Qf! 200` 200 �t}0 �0„0 2;400` 5843 O�ce Decorations 0 0 125 500 0 0 0 D 0 0 0 0 625 5��44 " 5�fef�%Eq4ipitleCii ;- � � SO ' 0 `� R ��� 50 0 ` 0`� 'i3 50 � � Q ; � � ; p 15�1� 5845 Fire Alarm InspectioniEquipment 0 0 3,000 0 2,000 0 0 0 0 0 0 0 5,000 <, �846 , � Printirig�nd 3ta"f�riary � �� 6 ' 1�0 � tl` �5t7 0 � ��0 j b! ��StI - .� ' tl �3�3 ; � 6 - '180 " � �y�Ob: 5847 Copier(Fax Expense 120 120 120 120 120 120 120 120 120 120 120 120 1,440 5552 �.fcenseslPermiis/Feps '250" G D U 0 ' i1 ': ll D" n 4 '; G 0 25tl i 5865 Securkty/Alarm Expense 50 50 50 80 50 50 50 50 50 50 50 50 600 5$87 �mp�qyesTrainingl�ifucatton �5 BZ5 25 t25 -- 25 825 ' 25;. . 25 ,: 25 " �5 2� . �� 1,5011' 5890 Other Administrative Expense 300 300 300 300 300 300 300 300 300 300 300 300 3,600 Total:k�dministration Expense 3j275 �4,925 6,16Q�: 3,57� 5;725 �,3.775" �j , 5;525�'. 3;275 " 3;{!75' ' �3,175,��, - '3,250 3;175 � 48;2Q�' 61�'1Q� �Exterri�fnati9n .� - `175 ' �1�5 �� 175: �75 �� 175 1T�a ,. 175 1�'S' , 778� 175 '�. �7� � � 17fi 2;10d' 6115 Landscape Contract 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 20,400 8130 , � Proteci�on Services�Contr�cf �`- � 0 � d3' tl ` D l7 _ � 0' '0 � q., j � 0 '; � �� p : p,:�� 6145 Cleaning 80 80 80 80 80 80 80 80 80 80 80 80 960 6150�. �` ��. Other,Gontcact�eivie�s � � �' :200 200, ��, � 200� �00 � � 2C10, 2�i0, '� 24D:�, � �`00� 24ri .� �200 �,� � ...:2�06. � ?OQ � '� . ,2,�4Q- Total Contract Services 2,155 2,155 2,155 2,155 2,155 2,155 2,155 2,155 2,155 2,155 2,155 2,155 25,860 8150" Ri��riijSys4erri R;epatr` '�� 4 0� ; �00` 0 �q 0� : 0� " SqtT �. 0. �0 � ;t1 . � ti 'I,Otlp.: 6165 Appliance Repair 650 200 200 200 250 200 200 200 250 250 250 250 3,100 6185 ' �rttaricir Elewtrticat R�pair. 50 25 75 25 125 75 50 25 5q " �5 , > 5Q 300 825. 6'190 Interior Light Bulbs 50 25 50 25 75 25 50 25 50 25 50 0 450 61'95 Inte[for P.ai�it.�nii Walipaper- 350 300 25Q; 250 354 25Q 275` �00 959, �75 4Q6 250 �,700: 6200 Carpek Clean/Repair/Dry 275 500 275 275 275 500 275 275 275 275 275 275 3,750 82Q5 �nteriorSkieeCrg�k�Ftepair? '�25 0 ' 25� i 4 � 25 fl �_ � 25���-� ���t� ��� 2�. � 0 � �5 '104 250: 6210 interiar Vinyl and Tile 75 0 75 0 75 D 75 0 75 0 100 100 575 621� Alurri�ing'Rep"a,ir 75 25 ; 25' i25 75 25 �5 2� 76 . 25. 25 �25 ., 85t1` 6235 Janitorial Supptfes �150 100 100 100 150 10� 100 100 150 100 100 100 1,350� 82QU � iNiddcawCoverging�Repair � ��� Q 76 '� Q'� �� 0 � � 75, 0 i 4!. �0 � �5 t� ��' �U � 0 22$.; 6245 Recreation Faciiity Repair 0 500 0 0 200 800 0 0 0 0 0 0 1,500 6250 t,oehs',and;Keys : '�50 50 ` SO` 'S0 ifl0 56 5D' S0 1"4Q, 50.` , 150 15D 1,1Q0 6265 Other Interior Repairs and Mai�tenarn 250 100 0 0 100 0 50 0 50 100 50 0 700 �Tatai�InteriorMa�ntef�ar�ce �2s2�0 ' 'i;90Q�" ;, '1,625�' ��950 �1,875" �; i,975� � i,975' - Y,800� 1,828 1 ��125 � . . 7�475 . �1;750,� i9;175��, Thc Ridge @ San Marcos Sa�Marcos,TX 6/2012005 173 Units 553 Beds Sep-05 Oct-05 Nov-05 Dec-05 Jan-o6 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Totals 6275.. Poai&.SpaSuppliesattd��,tepait , - °i300 � 3QC� � 60Q` 100, � 1Q0 '1t30 �- PQO�, �, �4Q0 `� 4Cl0� ' �� 500 4d0 � 506 � �,8D0�� 6280 Golf Cart Repair 150 0 150 0 0 0 250 0 0 150 0 0 700 6285 ,. HUAG Rep,airarid Mailiten»t?c� '�00 �50 256 25p 250 25U ; 4p0 �#t10 : 1,2DQ 1,DOtl ' �inp0, �;000: 6,75Q; 6290 Landscaping Supplies 0 150 0 0 0 0 150 0 50 50 50 0 450 S31b Roof Repairs !'15p 750 ; t! Q 0 0 �bi, 'q 0, tl 0 0. �00' 6315 Windows and Screens 300 150 50 50 50 50 50 60 50 50 50 600 1,500 632p ��xteriprPain3 �: ;" �� � �DU ' S0� � 0 0 0 ;, SD,." ���} " 50 �p �� 3Q ' ��� 0 4q0"' 6325 Extericsr Electricai 50 25 25 50 25 25 25 50 25 25 50 25 400 63�p EkteribrLigh#.BuabS.. ;125 125� � 125 725 �I2b � 12$ � 12�; 1�25. . � �. 725r : "f26;�� , i25 125 � 1.5tiD= 6335 Exteriar Repairs 25 25 25 25 25 25 25 25 25 25 25 25 300 6�45, � ' Access Gate,Repair �� 0 �' CI � t3� tl � ,, - 0 � ' a" '��r 4� t? �� �1 0 : `.,0� � ` 13" a� 6350 Walks�and Parking Lots � 25 25 25 25 25 25 � 25 25 � 25 25 25 25 300� 63�0 � 7opis��cl E�uiP���f� ' �5 35 I 3� 35 �5 35 �� 35'� 3 a 35 � 35 ; 35 ;35 4�0�� 6365 Fence Repair 50 0 50 0 50 0 100 0 50 0 50 0 350 �`fiotai'�xterioFM�irlte�ance � 3;71U � ; �1,4�5 1;285; 560 . �� �685 635� : �i,935,;� �" #,110 " �; �2,635� ' 1�,A85 :� � �1,�60 � �2,335` � 17,17b- "{"a#al,t�epairs and Mai�tenance 3;910, ' 3,335 ` 2:916 1,690 2;560 2,610 2,610 2,61U 3,660 �,110 ' �,335 4;085 36.3A5' f>3�Ci Make'�eady W;irtt�nort�eqairs " 2;500 � 150. ' 154 ; 0 5q0 _ 9&4� ' 10t1! � �AQ :., ���5p0; �4�0 ' <3p0' - � ,800,' '.5;�5i�= 6385 Make Ready-int.Rep.-Reimburserc 0 0 0 0 0 0 0 0 0 0 0 0 0 635D Make�teady��arpet�leanirig � 7;800. �� 200 ' 0� �1 ��,�500. ' 250 '; �125� �20p ��� 1t�� �' �,tQQ �, � dpD . 4pD ��l1.075; 6395 Make Ready-Carpet Cleaning-Reirr 0 0 0 0 0 0 0 0 0 0 0 0 0 64Q0 Make,R�a�y�C'a(rpetRepiae�ment�°; � � U � �� � 0 0 ff" ; �����- � � ��}� KY Q��. , 0 ��'0 . D� 6405 Generai Cieaning 13,000 0 0 0 500 0 0 0 500 0 0 500 14,500 &4�i? Mak��,�teady�G:en Cie�n� Retrti'b,;� �A 0 i � ; D 4 � 0 I ' .�t � U 0 U ��� �0 � � �1 0�� 6415 Make Ready-Interior Paint Repair 20,000 100 0 0 500 250 100 100 300 1,000 200 1,000 23,550 842,0 ; Make:Read�-1ri#eriox'Pairtt�Reimb; 0 0 4 b . 0 tJ. ! 0; G �. 0 0 , tl 0. 6425 Appiiance Repair 500 0 0 0 100 D 0 0 100 0 0 1,000 1,700 �43o Lde}VKey� �100 0. ': f1 �i�0 � 9�70. 0 � 01 ". ;tt � ; 1,04 t7 ', . �:�3 �OCt� ' "f;ftClP;: 6435 interior Light Bulbs 0 0 D 0 50 0 0 0 100 0 0 350 500 644Q WindoW,Gcivering„R�:pair ; �tOp D 0 i 6 ' tOp 4 �l 0„ , 'IAQ (� t7 SQ4 : 8,O,t7:': 64A5 Tenant Reimbursement 0 0 0 0 0 0 0 0 0 0 0 0 0 H�BU 'slVrkke�qffsl'i'eifailt E2eiifrbu'tseli%snt ; i b 0 D�� ' 0 0 t3 � 0`, �fl � ��0 Q �;. 0 " � �d �� Q; 6455 Make Ready-Miscellaneous Exp. 2,000 0 0 0 100 0 0 0 150 0 0 500 2,750 S$'80 i�ight�iiitures '�� ���,.,,�0 0,. � a_ i 0 � '� 5b 0, ���� � t1�, '�t ,5p. 0 ���� t�p ;�00-� 3SEi� Total Turnover Expense 46,05� 450 150 0 2,500 650 325 400 2,000 2,500 900 6,050 61,975 6&95� Locator.�6e�; "; 3�,;500 l? b; � U �i 500 800 = 40D; �Q00 0„ A60 �: 0 . 2QD� � 6,000�: 6650 Locatw Relations 0 0 0 75 Q 75 0 0 75 0 0 0 225 6f,55 R,esid�hf.Relaticins 125 i25 125' ti25 125 125 125 fi25 125 725 129 i2fi �,5p0: 6656 Resid�nt Functions 350 350 35D 350 350 350 350 350 350 350 350 350 4,200 6558 �ampus�v,ents o 0 0 . 0 15 p. 0` 'T5o 0 0 250 250 1;250; 6670 News�sapers 150 150 150 150 150 150 150 150 150 150 150 150 1,800 5575 fviag�zirres- 5�p ' .50p 500' 54Q 5Q0 Sb0 : 500' S00 ; 50¢ ,. $Op ' $C}0 �00 6,q0,q 6685 Brochure Advertising 0 0 0 2,500 0 0 0 0 0 0 0 0 2,500 669c1 - Direct;Mail - 0 C� " D, 1,500 D 0 1,�fl0? . Q . 0 a :. 0 . C1 3;OD¢; 6695 Apartment Guides 0 0 0 0 0 0 0 0 0 0 0 0 � 67A0 Sign��etSign P���em�nt ;' p D ; 0' U t7 0 ' 0 Q' 8Q0 0 0 4." BDq; 6715 Intemet Advertising 500 500 500 500 500 500 500 500 500 500 500 50p 6,000 6720 Madel'APaHrr�eri't Ezpensa 56 �50. = � 5Q ',5Q 50 StS � 60'� �5Q� . 50 � ,. 5ti ��, 60 �5b 800: 6725 Flags/Banners/Mats 0 0 0 200 200 0 200 0 200 0 200 0 1,000 6730 OffiC�'Reffestaments., 1'5k 150 15a 150 ` �50 i,"5{t 15(?'., 1S0 159 154 150 " 150 I,SOf1` 6735 Other Advertising&Marketing 250 250 250 250 250 250 250 250 250 250 250 250 3,000 1'otal;��dvdrtisfng&Promd,tipn"s � ` 5',575 2-,Q75 �: �2x175�� 6,350` =2,775 ; 2,750� ��� 4,1y5`' 3,226� ���1,50 � 2;475�` �2,526 �2,�25' ' 39;975: The Ricigc @ San Marcos San Marcos,TX 6120/20q5 173 Units 553 Beds Sep-05 Oct-OS Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-OB Jun-O6 Jul-06 Aug-06 Totais 6�94� �,.L;egal�Fees'. 20d � 20p" i 2trD'�; 200 �� �2�0. 20Q; ; �200�; 200, �2QD � 2Q0'; 290 '200� 2;404'�� Total Legal Fees 200 200 200 200 200 200 200 200 200 200 200 200 2,400 69'15 � ��� Aecqunt�ng Fee;� p D � D� 0 0 (l ; (7' � 0 ; � � , �� �0 -�, � �A� ��� A p`. 6925 Audit�ees 0 0 10,000 0 0 0 0 0 0 0 0 0 10,000 &835. �7tfier��'r5�fassioijat Fee� ' �� .t7 (7 � 0', 0 � 0 � tl. ��� C}.�� ��� 4 "��, .` . U � �0 ���� �'�0.�� �-' {�._ i5; Total Professional Fees 0 0 10,000 0 0 0 0 0 0 0 0 0 10,000 0 720� Travek!a'n"d`Enferfainment` 0 � �' D 'a 0 ' 0! Q 4- J . 4 p Q: 7210 Airfare 0 0 0 0 0 0 0 0 0 0 0 0 0 721� Aiitri:RentaUGeS 1a0 7D0 1D4 10p , 100 1q0 ` itiq �pQ 1fl0 1.4� ', 100 9Q0 1 2U0' 7220 Lodgir�g 0 0 0 0 0 0 0 0 0 0 0 0 0 7226 Me�is 0 0 ' 0 0 0 0 ' 0` 0. D !7 i 0 Q ' fl 7240 Parki�g,Tolls and Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 �Ta,fel�Traue["and',Enterkainrrt�nt� . , �100 � 100 ± 100� x00 �� 100 100" '�: � `100;. ��Od ;�100 � 1Q0:,� 100� �t00� 1,200�< Asset Management Fee 1,411 2,066 1,947 1,948 1,943 1,913 1,914 1,926 1,925 1,904 1,865 1,875 22,638 7420'; Prope;tyMgrritFee. 5;69A 8,263. Y 7;789,. 7;791 "i7�772; 7�654. 7,65Z: 7,705. : 7,70,2;. 7,6Y4:. 7;4&1 7,500 90,552' Totai ManagemenVAsset Fees 7,055 10,329 9,736 9,739 9,715 9,567 9,571 9,631 9,627 9,518 9,327 9,376 113,190 7590 . ProperkjilnsuranGc 7;;Q01 1.901 12i454 �,376 5;876 ' S,3,76 ; 4,�75. 4,375. 14,375 . . 5,475'; 5;475 9;10D ��;'759' 7525 Property Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 .. Tqta(;�fisurarice and`faxcS 7;001 1,001 : 12,454 5;�76� `5,376 i�5�376 � 4,375' 4•,�75 �'iA�375 = `5;475+ 5;�x5" �,�00 " 65;75,s:. 7775 �a"si'c£?rogiam�ee�� � � �� � Q 0 - �ti tf n� 0 �� �.�� �":,D� � � � �'' Q � " ' � �Q' 7960 Empioyee Relations/Membership 150 100 100 200 100 100 150 100 100 100 200 100 1,500 Tntai�t�as,a�ii':Ntemberstiip Fees + i5C3 1Q,6 , 100 20�, 10Q 1.0� : 150` 1,00. . 1qt7` ' "1.00 200' 1.OD i,500; Total Qperating,�zpensgs 1'36,�44 79,768 , �4,998 ?5,fi94, 69;774 G6,0&1 ' 68,tiS4: 64,7�9 - 77,2&,Q ZG;347'; 66,0,35 ' "67,633` 531,587:° NefQpB'ratir�g"�pCoin�> ;. d,66p" �28,816 i- 108,72+�`>. '9,19;USd 1�4,521 12a:293'"�� '1�3,365 12T,8�D��.� '(7,5��$4' ,��1�75�O.i�.i� 92,q�50q� � 119�977 ' .;^9,332��17= The Ridge @ San Marcos San Marcos,TX 6/20J2fJ05 t73 Units 553 Beds Sep-OS Oct-05 Nov-o5 Dec-05 Jan-06 Feb-06 Mar•06 Apr-06 May06 Jun-06 Jul-08 Aug-06 Totals 8430 'Inte(trst EXpBhs�-FiX�d. .. � 0' �0 r � '�, .b 0 0'" f� , ;. A ' 0 A'� �,` ,Q. �� 0", itl� Totallnterest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 9�1t} EitteriotPainf ' 9 0 '' � � 0 " 0 a S t� � A �i� , 0`' 1�Q �� "il,�° , �'q.� � � . _ � �: 9515 HVAC 1,000 500 0 500 500 0 0 0 1,500 1,000 1,000 1,OOp 7,Op0 9520 tandscape 0 0 0 Q 0 tI �;500 t3 0 , ` 0 Q = ` 4 2,5�0' 9530 Signage 0 0 0 0 0 0 0 0 0 0 0 0 0 9555.-, Carp�:i 2,a,00A b t7 ; t� q 1,(i0p `�1 ' s i7 Q 2,04Q', t7 f5;000 �8;�flp, 9570 Counie�tops 200 0 0 0 0 0 . 0 0 0 0 0 200 400 9575 Dciors 5Q0 Q 0 0 Ct �CtD 0 r- 0 0 200 i5 �OD " 1;4QD; 958p Light Fixtures �00 0 0 0 0 0 0 0 0 0 0 400 500 9�90� ; Bfrnd� 250 a ; t� 0 Q 1Q� � � fi ;, � � Q 70Q; 0 ��75� ; � �1:20�; 9600 Plumbing 0 0 0 0 250 0 0 0 0 0 250 0 500 ��05 l2ecrs�afitsns F��CiUties D 0 : 2�6a;0 t3 , 0 0 '' � 0 � � �l � 0 � 0', ��. ' , 0 �,SDU; 9610 Security System 0 0 0 0 0 0 0 0 0 0 0 0 0 ss2p _ � Vi�y�; �oa � o '� a �� o � ca � ��: ��, o ; a �� � ; �� �� ,o � � '.,�aa. � �Rp: 963p Ceiiing Fans 0 0 0 0 100 0 0 0 0 0 0 250 350 9635 Applian¢es. 1,000 p 500 q 1,i?00 47 ', 500 0 i'i tiQ(7 0 500 1;0(30 5.50A.: 9645 Reimbursements 0 0 0 0 0 0 0 0 0 0 0 0 0 955�' � Rept�cerlrents��t7ther.. :, 0 '.,5,OOa i t1 �� t7 t? fS '� i�; , �.0. ft �.tY.:� ���Xy " d0;0oQ� 15,ft0�0; Totai Replacements 23,250 5,500 3,000 500 1,900 1,300 3,000 0 2,550 3,300 1,750 29,400 75,450 3827 Sta�E=tip"Costs��� � , Q Q �' 0. 0. 0 0��� t3: 0 , " i1� p' !,i� ; �4 ��r Start-up Costs 0 0 0 0 0 0 0 0 0 0 0 0 0 9,860. �asicPrograin;Administetar'F��" 0 4 ' 0 ' C3 0 0 A ' C? " 0 . � 0 f1 :Q Issurer's Fee 833 833 833 833 833 833 833 833 833 833 833 837 10,000 ,. ,, _ ,... .... .,4�,. _... � „ „ . 2 , 9900 Tax Return Prep Fees ry 0 0 0 0 0 0 0 0 0 0 0 0 0 9904 � AsseR Manag�ment,Fees'" � � D � Q 0 � ! p 0 0 �0 � Q 4 � ti` � ' 0 ' p ���� 9906 Service Fees 1,151 1,151 1,151 1,151 1,151 1,151 1,151 1,151 1,151 1,151 1,151 1,151 13,812 9915, 7riast�eantl.lssueree�, r 41� 417 417 ?�17, ' ;417 A17 �t1� 41� f. A�18; �416 , 4��,, . - ,�i16; 5,OD0' Totai Other Expense 2,401 2,401 2,401 2,401 2,401 2,401 2,401 2,401 2,400 2,400 2,400 2,404 28,812 O'perating R�serve 0 U ; 9. 0. 0 0, tl , r p: 0, 0:. .; 0. D 'p:; Total Suspense 0 0 0 0 0 0 0 0 0 0 0 0 0 Tbta1 Non�operating��zp��is�s 2�,659. � !� '7;8D1� i� 5,40� 2;�01 _ 1,301� '� 3;'7a�,'; 5,401' 2;gQ7;. � '�1.�50, �5,'�OO t �4'�1�Q� . a�;8P� � �'� 1D4;262: GASFi=Fi.01l11 . (20;981)- 118,995, ;. 1tl4,325 116,179 42C1,220. 121`,592- '..117�954 125;475 1;'10;�34. 109;�13. 1.16,354 88;17'3, 9';227,855