Page 37 - 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
DEBT SERVICE 126,729 126,729 0 126,729 0 752,199 752,199 0 752,199 0 1,492,133

CASH FLOW AFTER DEBT SERVICE 101,447 112,375 (10,928) 102,008 561 505,713 377,991 127,722 510,687 4,974 932,963
RESERVES 6,420 6,420 0 6,421 0 38,523 38,523 0 38,522 0 77,046
CAPITAL EXPENDITURES 0 4,620 4,620 0 0 31,372 62,612 31,240 24,581 (6,792) 79,112
CASH FLOW BEFORE DEPREC/AMORT 95,027 101,335 (6,308) 95,587 561 435,818 276,856 158,962 447,584 11,766 776,805

DEPRECIATION/AMORTIZATION 78,892 78,891 0 98,836 19,946 472,613 472,747 134 592,421 119,808 946,093
OTHER EXPENSES 0 0 0 0 0 5,132 0 (5,133) 3,450 (1,682) 6,975
CASH FLOW AFTER DEPREC/AMORT AND OTHER 16,135 22,444 (6,308) (3,249) (19,385) (41,927) (195,891) 153,963 (148,287) (106,360) (176,263)
EXP.

RECONCILIATION TO GAAP NET INCOME (LOSS)
CAPITAL EXPENDITURES 0 (4,620) 4,620 0 0 (31,372) (62,612) 31,240 (24,580) 6,792 (79,112)
RESERVES (6,420) (6,420) 0 (6,420) 0 (38,523) (38,523) 0 (38,523) 0 (77,046)

GAAP NET INCOME (LOSS) 22,556 33,484 (10,928) 3,171 (19,385) 27,967 (94,756) 122,723 (85,184) (113,151) (20,105)

DEBT COVERAGE RATIO 1.80 1.89 (0.09) 1.80 0.00 1.67 1.50 0.17 1.68 0.01 1.63