Page 34 - Eagle Landing Academic Year 2021-22 Quarter 2

Daytona Properties II, 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 354,627 357,175 (2,548) 363,366 8,739 2,146,989 2,143,050 3,939 2,169,939 22,950 4,286,100
COST OF LEASING (3,837) (12,909) 9,072 (7,342) (3,505) (18,968) (77,266) 58,298 (48,783) (29,816) (145,355)
NET RENTAL INCOME 350,790 344,266 6,524 356,024 5,234 2,128,021 2,065,784 62,237 2,121,156 (6,866) 4,140,745
OTHER INCOME 32,470 37,280 (4,810) 18,348 (14,122) 199,517 163,745 35,772 147,679 (51,837) 354,325

TOTAL INCOME 383,260 381,546 1,714 374,372 (8,888) 2,327,538 2,229,529 98,009 2,268,835 (58,703) 4,495,070
CONTROLLABLE EXPENSES
PAYROLL OFFICE 20,973 15,759 (5,214) 19,347 (1,626) 116,919 128,425 11,505 98,119 (18,800) 239,778
PAYROLL MAINTENANCE 8,698 9,502 804 7,257 (1,441) 61,631 60,685 (945) 51,788 (9,844) 117,694
PAYROLL RELATED EXPENSES 4,203 4,737 534 4,711 508 25,566 34,603 9,037 23,716 (1,850) 65,021
TOTAL PAYROLL 33,874 29,998 (3,876) 31,315 (2,559) 204,116 223,713 19,597 173,623 (30,494) 422,493
GENERAL & ADMINISTRATIVE 9,786 11,085 1,299 6,905 (2,881) 46,865 55,539 8,674 34,633 (12,231) 103,061
PROFESSIONAL FEES 0 600 600 0 0 31 1,200 1,169 1,438 1,408 2,400
CONTRACT SERVICES 9,388 9,635 246 9,669 281 66,389 72,945 6,556 74,339 7,948 154,030
TURNOVER EXPENSE 1,739 0 (1,738) 1,435 (304) 88,326 95,000 6,674 79,349 (8,976) 113,700
REPAIRS & MAINTENANCE 5,462 6,711 1,249 5,241 (221) 24,691 38,916 14,225 24,282 (409) 66,207
MARKETING & LEASING 5,876 5,280 (597) 5,338 (539) 43,759 58,556 14,797 29,883 (13,876) 97,146
COMMON AREA UTILITIES 2,749 2,112 (637) 2,769 21 16,802 21,859 5,057 21,149 4,347 40,634
UNIT UTILITIES 31,471 27,765 (3,705) 29,538 (1,933) 255,267 240,746 (14,521) 234,456 (20,811) 483,887
TOTAL UTILITIES 34,220 29,877 (4,342) 32,307 (1,912) 272,069 262,605 (9,464) 255,605 (16,464) 524,521

MANAGEMENT FEES 13,379 13,354 (25) 14,481 1,102 80,239 78,033 (2,206) 81,889 1,650 157,327
TOTAL CONTROLLABLE EXPENSES 113,724 106,540 (7,184) 106,691 (7,033) 826,485 886,507 60,022 755,041 (71,444) 1,640,885

CONTROLLABLE CASH FLOW 269,536 275,006 (5,470) 267,681 (1,855) 1,501,053 1,343,022 158,031 1,513,794 12,741 2,854,185
TAXES & INSURANCE 41,360 35,902 (5,458) 38,944 (2,416) 243,141 212,832 (30,309) 250,908 7,767 429,089
NET OPERATING INCOME 228,176 239,104 (10,928) 228,737 561 1,257,912 1,130,190 127,722 1,262,886 4,974 2,425,096

CASH FLOW BEFORE DEBT SERVICE 228,176 239,104 (10,928) 228,737 561 1,257,912 1,130,190 127,722 1,262,886 4,974 2,425,096