Laserfiche WebLink
RIDGEVIEW COMMONS <br />September 2019 — Variance Report <br />REVENUE <br />Actual: $182,862.97 Budget: $179,826.00 <br />Variance: $3,036.97 <br />Project Revenue is slightly over budget. <br />ADMINISTRATIVE EXPENSES <br />Actual: $30,250.76 Budget: $28,279.00 <br />Variance: $(1,971.76) <br />Administrative expenses are slightly over budget due to the payment for staff to <br />attend the annual AHMA <br />Conference in Oakland. <br />UTILITIES <br />Actual: $14,672.86 Budget: $14,569.00 <br />Variance: $(103.86) <br />Utility expenses are right on budget. <br />OPERATING & MAINTENANCE EXPENSES <br />Actual: $22,167.34 Budget: $33,249.00 <br />Variance: $(11,081.66) <br />Operating and Maintenance expense are under budget due to low turnover expenses. <br />TAXES & INSURANCE <br />Actual: $13,118.23 Budget: $12,146.00 <br />Variance: $(972.23) <br />Tax and Insurance are slightly over budget due to increased Earthquake Insurance impounds. <br />SERVICE EXPENSE <br />Actual: $3,626.42 Budget: $3,350.00 <br />Variance: $(276.42) <br />Service Expense is entirely comprised of RUC's Social Service Coordinator wages. <br />Total Operating Expenses <br />Actual: $83,835.61 Budget: $91,593.00 Variance: $7,757.39 <br />Net Operating Income for September <br />Actual: $99,027.36 Budget: $88,233.00 Variance:$10,794.36 <br />Variance Report completed by Sean Barcelon <br />