Page 32 - 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
DEBT SERVICE 65,285 65,285 0 65,285 0 387,496 387,496 0 387,496 0 768,675

CASH FLOW AFTER DEBT SERVICE 78,312 71,771 6,541 67,320 (10,992) 417,345 303,477 113,868 383,058 (34,287) 696,493
RESERVES 3,307 3,307 0 3,308 0 19,846 19,845 0 19,845 0 39,690
CAPITAL EXPENDITURES 0 0 0 0 0 11,444 67,342 55,898 17,824 6,379 75,842
CASH FLOW BEFORE DEPREC/AMORT 75,005 68,464 6,541 64,012 (10,992) 386,055 216,290 169,766 345,389 (40,666) 580,961

DEPRECIATION/AMORTIZATION 39,028 38,997 (31) 99,795 60,767 233,699 233,653 (47) 598,355 364,656 467,633
OTHER EXPENSES 0 0 0 0 0 2,644 0 (2,644) 1,777 (867) 6,975
CASH FLOW AFTER DEPREC/AMORT AND OTHER 35,977 29,467 6,510 (35,783) (71,759) 149,712 (17,363) 167,075 (254,743) (404,455) 106,353
EXP.

RECONCILIATION TO GAAP NET INCOME (LOSS)
CAPITAL EXPENDITURES 0 0 0 0 0 (11,444) (67,342) 55,898 (17,824) (6,379) (75,842)
RESERVES (3,308) (3,308) 0 (3,308) 0 (19,845) (19,845) 0 (19,845) 0 (39,690)

GAAP NET INCOME (LOSS) 39,284 32,774 6,510 (32,475) (71,759) 181,001 69,824 111,177 (217,074) (398,075) 221,885

DEBT COVERAGE RATIO 2.20 2.10 0.10 2.03 (0.17) 2.08 1.78 0.30 1.99 (0.09) 1.91