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KOTTINGER PLACE
<br /> PROJECTED OPERATING BUDGET
<br /> FOR THE YEAR 2005 - 2006
<br /> PREPARED BY BARCELON ASSOCIATES MANAGEMENT CORPORATION
<br /> PROPOSED PROPOSED BUDGET
<br /> BUDGET BUDGET PERCENT
<br /> ACTUAL TO BUDGETED 2005-2006 2005-2006 CHANGE
<br /> 0312005 2005 ANNUAL MONTHLY 2005-2006
<br />3000 INCOME
<br />3110 RENT 112,886 144,000 144,300 12,025 0.21%
<br />3610 OPERATING INTEREST 960 1,000 1,000 83 0.00%
<br />3690 OTHER ~NCOME & AUDIT 539 6,500 6,500 542 0.00%
<br />3691 LAUNDRY 1,990 2,000 2,000 167 0.00%
<br />3692 CABLE TV 11,959 16,356 14,149 1,179 -13.49%
<br />TOTAL INCOME 128,334 169,856 167,949 13,996 -1.12%
<br />4000 PROJECT EXPENSES
<br />4100 ADMIN. EXPENSES
<br />4110 ADMIN. SALARIES 17,601 23,300 32,340 2,695 38.80%
<br />4112 PAYROLL TAXES & TAX 2,712 3,784 5,013 418 32.48%
<br />4113 OTHER PAYROLL EXPENSE 5,098 6,747 7,229 602 7.14%
<br />4120 MANAGEMENT FEE 10,533 13,860 14,412 1,201 3.98%
<br />4150 MILEAGE & TRAVEL 105 120 200 17 66.67%
<br />4170 AUDIT FEES (17,444) 6,500 I 6,756 563 3.94%
<br />4190 SUNDRY ADMIN EXPENSES 622 900 900 75 0.00%
<br />4191 OFFICE SUPPLIES 928 1,500 1,500 125 , 0.00%
<br />4192 POSTAGE 691 650 950 79 46.15%
<br />4193 TELEPHONE 1,013 1,500 1,500 125 0.00%
<br />4194 ADVERTISING 276 1,500 1,500 125 0.00%
<br />TOTAL ADMIN. EXPENSES 22,136 60,361 72,300 6,025 19.78%
<br />4200 TENANT SERVICES
<br />4220 RECREATION SUPPLIES 493 1,000 1,000 83 0.00%
<br />TOTAL TENANT SERVICES 493 '1,000 1,000 83 0.00%
<br />4300 UTILITY EXPENSES
<br />4310 WATER 3,730 7,000 6,000 500 -14.29%
<br />4320 ELECTRICITY 14,911 20,084 21,825 1,819 8.67%
<br />4330 GAS 14,070 15,005 20,614 1,718 37.38%
<br />4390 SEWER 7,675 11,155 10,720 893 -3.90%
<br />4391 CABLE TV 13,370 17,400 17,827 1,486 2.45%
<br />TOTAL UTILITIES 53,757 70,644 75,986 6,416 8.98%
<br />4400 ORDINARY MAINTENANCE
<br />4410 MAINTENANCE SALARIES 8,306 8,000 10,000 833 25.00%
<br />4420 MATERIALS/SUPPLIES 976 2,000 2,000 167 0.00%
<br />4430 CONTRACT COSTS 500 500 42 0.00%
<br />4431 JANITOR CONTRACT 210 500 500 42 0.00%
<br />4432 EXTERMINATING 1,299 1,500 1,684 157 25.60%
<br />4433 TRASH REMOVAL 2,651 3,100 3,750 313 20.97%
<br />4434 GROUNDS/LANDSCAPING 10,205 14,100 14,220 1,185 0.85%
<br />4435 PLUMBING REPAIRS 7,242 4,000 4,000 333 0.00%
<br />4436 ELECTRICAL REPAIRS 704 1,000 1,000 83 0.00%
<br />4437 HEAT/COOL REPAIRS 998 1,000 1,460 122 46.00%
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