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REPLACEMENT RESERVE <br />Actual: $(7,546.53) Budget: $6,716.00 Variance: $(3,949.09) <br />Replacement Reserve includes payments for misc. replacement items such as toilets, sinks, vanities, flooring, PTAC <br />units, awnings, appliances, and other building systems. <br />OTHER CASH PAYMENTS <br />Actual: $79,272.85 Budget: $64,823.00 Variance: $(14,449.85) <br />Other Cash Payments include RVC's debt service, reserve for replacement impound, prepaid insurance allowance, <br />and reserve for replacement withdrawal allowance. <br />September Surplus Cash <br />Actual: $27,301.04 Budget: $16,694.00 Variance: $10,607.04 <br />Year -to -Date Surplus Cash <br />Actual: $109,025.63 Budget: $150,246.00 Variance: $(41,220.37) <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: the rehabilitation scope is in the process of being finalized, and work is <br />anticipated to start in May 2020. <br />Variance Report completed by Sean Barcelon <br />