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REPLACEMENT RESERVE <br />Actual: $23,674.36 Budget: $6,716.00 Variance: $(16,958.36) <br />Replacement Reserve includes payments for misc. replacement items such as toilets, sinks, vanities, flooring, PTAC <br />units, awnings, appliances, and other building systems. During March RVC paid $9,995 for disposal of old tritium <br />emergency exit signs, $8,588.83 for new ice machines in the commercial kitchen. <br />OTHER CASH PAYMENTS <br />Actual: $81,111.12 <br />Budget: $64,823.00 Variance: $(16,288.12) <br />Other Cash Payments include RVC's debt service, reserve for replacement impound, prepaid insurance allowance, <br />and reserve for replacement withdrawal allowance. During February RVC paid $56,160.85 for property liability <br />insurance. <br />March Surplus Cash <br />Actual: $(12,742.15) Budget: $16,694.00 Variance: $(29,436.15) <br />Year -to -Date Surplus Cash <br />Actual: $54,268.18 Budget: $50,082.00 Variance: $4,186.18 <br />Please note that this report is based off the accrual budget comparison completed by Eden Housing's <br />accounting department. <br />Please note that the presentation of the financials has been changed, and I have adjusted the Variance <br />report to match the layout of the Monthly Budget Comparison Report. <br />Resyndication Update: RVC has hosted a number of engineers and consultants during January and <br />February, and we hope to have a firm rehab list in the next month or two. <br />Variance Report completed by Sean Barcelon <br />