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4170 AUDIT: Based on 2004 audit expense with no increase. <br /> <br />4191 OFFICE SUPPLIES: This line item is reduced based on the current year's <br /> unaudited expenses annualized. <br /> <br />4192 POSTAGE: Increased to reflect increase in postal rates and increased verifications <br /> for zero income applicants and residents. <br /> <br />4193 TELEPHONE: This line item is based on year-to-date annualized with a small <br /> increase. <br /> <br />4194 ADVERTISING: This line item projects the cost of advertising for an employee <br /> and soliciting bids for capital improvement projects. <br /> <br />4200 TENANT SERVICES: This line item is being reduced based on this year's <br /> annualized expenses. Actual costs may be higher, but will hopefully be offset by <br /> donations. <br /> <br />4300 UTILITY EXPENSES: <br /> <br />4310 WATER: This amount is based on the Year-to-Date annualized and adds a 5% <br /> anticipated increase plus $800 for increased consumption once the irrigation <br /> system is fully rehabilitated. <br /> <br /> 3,730 x 1.33 x 1.05 =5,209 + 800 = $6,009 <br /> <br />4320 ELECTRICITY: This line item represents the Year-to-Date annualized plus a <br /> 10% increase. <br /> <br /> $14,911 x 1.33 x 1.1 = $21,814 <br /> <br />4330 GAS: This line item is based on the Year-to-Date annualized with a 10% income. <br /> <br /> $14,070x 1.33 x 1.1 = $20,614 <br /> <br />4390 SEWER: Based on annualized expenses and a 5% increase. <br /> <br /> $ 7,625xl.33xl.1 = $11,155 <br /> <br />4391 CABLE TV: This line item includes resident fees collected, plus $87.00 per <br /> month for cable in the office and staff apartments. <br /> <br /> 4400 ORDiNARY MAINTENANCE: <br /> <br /> 4410 MAINTENANCE SALARIES: This line item represents the maintenance person <br /> at five hours a day, 5 days per week. Salary is $15.00 per hour plus $250 bonus <br /> <br /> Kottinger Place - Draft Budget - REVISED 5/9/05 Page 2 of 4 <br /> <br /> <br />