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Taxes And Insurance: Real Estate Taxes: Based on the Property Tax Payment. Payroll Taxes: Based on the payroll tax rate of 14.65% on the first $7,000 of payroll for each employee, before dropping to 7.65% for the remainder of payroll State Taxes: Based on the annual $800 partnership filing fee. Property and Liability Insurance: Based on current impound amount. Workman's Compensation: Worker's Compensation rates are at $2.95 per $100 of payroll. Health Insurance: This covers the site portion of employee health insurance. This budget assumes that all eligible employees participate in our Health Insurance Plan. Earthquake Insurance: Based on current impound amount. Service Expenses: Service Coordinator Payroll: This covers the salary of RVC's Service Coordinator, and Corporate Service Coordinator Supervision. This budget allows for up to a 2% increase for cost of living and performance. Replacements: Reserve for Replacement Items are capital expenditures and eligible to be reimbursed from the Reserve for Replacement Account held by CalHFA. Standard expenditures include new flooring, appliances, and PTAC units during unit turnovers. Reserve expenses are limited this year, because most reserve type expenses will be covered during the rehabilitation.