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BUDGET FOOTNOTES <br /> INCOME <br /> Rent Apartment: <br /> This is based on YTD tenant payments annualized. <br /> Sublsdy: <br /> This Is based on the current monthly grant of$12,876. <br /> Total Vacancies: <br /> This represents approximately 30 days of vacancy for one unit. <br /> Total Other Revenue: <br /> Operating Reserve Interest: <br /> Based on YTD figures annualized. <br /> Laundry Income: <br /> Based on YTD figures annualized. <br /> EXPENSES <br /> Total Marketing Expenses: <br /> Advertising-Internet <br /> This Is based on the monthly$80 fee for website hosting and search marketing. <br /> Advertising-Personnel <br /> This represents the estimated cost to run personnel ads Job openings. <br /> Total Administrative Expenses: <br /> Payroll Processing: <br /> Based on 2.9%of total payroll. <br /> Office Salaries: <br /> This Includes the payroll of Kottinger's on-call staff and time spent at Kottinger by Barcelon Corporate Occupancy/Compliance <br /> staff. <br /> Office Supplies: <br /> Based on YTD expenses annualized with a 2%increase. <br /> Copier expense: <br /> Based on YTD expenses annualized with a 2%increase. <br /> Management Fee: <br /> Based on the current management fee of$57 PU PM.($2,850/month) <br /> Manager Wages: <br /> Budget allows for a$1/hr Increase when benchmark goals are achieved. <br /> Legal Expenses: <br /> Based on the estimated cost of 1 eviction and related expenses. <br /> Audit expense: <br /> The 2015 audit fee Is anticipated to remain at$9,000. <br /> Telephone: <br /> Based on YID expenses annualized with a 2%increase. <br /> Training/Seminars: <br /> Estimated amount for staff training,Including mandated training for the Service Coordinator,occupancy,maintenance and Fair <br /> Housing training. <br /> Computer: <br /> This line Item includes the$74/month network support and backup,$1,100 for the annual Accounting software fee,and$600 for <br /> misc.repairs. <br /> Dues and Subscriptions: <br /> This coven Kottinger's annual membership fees for AHMA and Casterline Associates. <br /> Total Utility Expenses(The cost of this category Is based on the following assumptions): <br /> Electridty: <br /> Based on YTD usage annualized with a 5%Increase <br /> Water: <br /> Based 2014/15 estimated usage with a 7%increase.Kottinger Place reduced water usage significantly In 2014,and Is looking to <br /> continue that trend In the upcoming year. <br /> Gas: <br /> Based on 2014/15 estimated usage with a 5%increase. <br /> Sewer. <br /> Based on the bl-monthly sewer fee of$1,913. <br />