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REPLACEMENT RESERVE <br />Actual: $17,160.93 Budget: $6,716.00 Variance: $(10,444.93) <br />Replacement Reserve includes payments for misc. replacement items such as toilets, sinks, vanities, flooring, PTAC <br />units, awnings, appliances, and other building systems. July's expenses also include $4,000 for a new Commercial <br />Refrigerator in the Commercial Kitchen. <br />OTHER CASH PAYMENTS <br />Actual: $65,852.91 Budget: $64,823.00 Variance: $(1,029.91) <br />Other Cash Payments include RVC's debt service, reserve for replacement impound, prepaid insurance allowance, <br />and reserve for replacement withdrawal allowance. <br />July Surplus Cash <br />Actual: $10,602.42 Budget: $16,694.00 Variance: $(6,091.58) <br />Year -to -Date Surplus Cash <br />Actual: $88,038.17 Budget: $116,858.00 Variance: $(28,819.83) <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 continues to host architectural and engineering inspections. The application <br />is moving forward and the rehab is anticipated to start sometime in 2020. <br />Variance Report completed by Sean Barcelon <br />