Page 30 - Eagle Landing Academic Year 2021-22 Quarter 2

Daytona Properties I, LLLP
Managed by RISE Residential
Budget Comparison Report

Current
Current Month 01/31/2022 Prior Yr Current Mo. 01/31/2021 Year to Date 01/31/2022 Prior Year YTD 01/31/2021 Fiscal Yr.
Actual Budget Variance Actual Variance Actual Budget Variance Actual Variance Budget
REVENUE
GROSS RENTAL INCOME 223,511 222,001 1,510 220,528 (2,983) 1,346,599 1,332,006 14,593 1,321,322 (25,277) 2,664,012
COST OF LEASING (3,859) (10,059) 6,200 (7,597) (3,738) (19,776) (56,282) 36,506 (33,170) (13,395) (110,528)
NET RENTAL INCOME 219,652 211,942 7,710 212,931 (6,721) 1,326,823 1,275,724 51,099 1,288,152 (38,672) 2,553,484
OTHER INCOME 27,838 24,305 3,533 14,224 (13,614) 146,714 113,768 32,946 106,482 (40,232) 236,973

TOTAL INCOME 247,490 236,247 11,243 227,155 (20,335) 1,473,537 1,389,492 84,045 1,394,634 (78,904) 2,790,457
CONTROLLABLE EXPENSES
PAYROLL OFFICE 10,823 8,119 (2,705) 9,966 (857) 60,318 65,686 5,368 50,546 (9,772) 123,049
PAYROLL MAINTENANCE 4,573 4,894 322 4,616 44 32,133 31,248 (885) 28,175 (3,959) 60,612
PAYROLL RELATED EXPENSES 2,164 2,717 553 2,596 431 13,935 19,438 5,503 13,367 (568) 36,012
TOTAL PAYROLL 17,560 15,730 (1,830) 17,178 (382) 106,386 116,372 9,986 92,088 (14,299) 219,673
GENERAL & ADMINISTRATIVE 5,578 7,415 1,837 4,403 (1,176) 28,027 38,270 10,243 23,191 (4,835) 68,829
PROFESSIONAL FEES 0 25 25 0 0 0 50 50 20 20 100
CONTRACT SERVICES 7,460 7,101 (359) 6,238 (1,221) 44,589 46,631 2,042 48,049 3,460 101,377
TURNOVER EXPENSE 1,222 0 (1,222) 604 (618) 37,920 52,955 15,035 46,411 8,490 70,205
REPAIRS & MAINTENANCE 2,699 5,190 2,491 2,399 (301) 13,219 22,935 9,715 15,681 2,462 41,350
MARKETING & LEASING 3,028 2,748 (280) 2,749 (277) 22,817 31,307 8,490 14,751 (8,066) 51,960
COMMON AREA UTILITIES 2,329 2,221 (108) 2,306 (24) 12,314 13,312 999 12,864 550 25,585
UNIT UTILITIES 20,253 16,064 (4,189) 15,423 (4,830) 127,516 123,517 (3,999) 119,151 (8,365) 236,586
TOTAL UTILITIES 22,582 18,285 (4,297) 17,729 (4,854) 139,830 136,829 (3,000) 132,015 (7,815) 262,171

MANAGEMENT FEES 6,414 8,269 1,855 8,455 2,041 48,708 48,634 (74) 49,924 1,215 97,667
TOTAL CONTROLLABLE EXPENSES 66,543 64,763 (1,780) 59,755 (6,788) 441,496 493,983 52,487 422,130 (19,368) 913,332

CONTROLLABLE CASH FLOW 180,947 171,484 9,463 167,400 (13,547) 1,032,041 895,509 136,532 972,504 (59,536) 1,877,125
TAXES & INSURANCE 37,350 34,428 (2,922) 34,795 (2,555) 227,200 204,536 (22,664) 201,950 (25,249) 411,957
NET OPERATING INCOME 143,597 137,056 6,541 132,605 (10,992) 804,841 690,973 113,868 770,554 (34,287) 1,465,168

CASH FLOW BEFORE DEBT SERVICE 143,597 137,056 6,541 132,605 (10,992) 804,841 690,973 113,868 770,554 (34,287) 1,465,168