Page 47 - Eagle Landing Academic Year 2021-22 Quarter 2
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Eagle Landing
Financial Analysis Report
Managed by RISE Residential
As of January 31, 2022
08/31/2021 09/30/2021 10/31/2021 11/30/2021 12/31/2021 01/31/2022 02/28/2022 03/31/2022 04/30/2022 05/31/2022 06/30/2022 07/31/2022 Total Original
Actual Actual Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Act/Bud Budget Variance
6462 - Cable 12,267 12,266 12,267 9,958 14,416 12,803 12,164 12,164 12,165 12,164 12,165 12,165 146,963 146,280 684
6463 - Water/Sewer Units 8,586 13,418 12,439 12,430 28,205 5,856 15,475 18,088 11,866 11,123 12,504 12,113 162,103 164,682 (2,580)
6465 - Internet Service 11,872 11,840 11,989 9,479 13,676 12,344 11,718 11,718 11,718 11,718 11,718 11,718 141,510 140,487 1,023
TOTAL UNIT UTILITIES EXPENSE 57,963 66,339 67,482 59,420 79,857 51,723 57,347 62,959 55,490 58,152 60,157 62,104 738,992 720,473 18,519
TOTAL UTILITIES 63,224 71,556 70,693 61,955 87,668 56,802 61,863 68,530 60,005 63,376 65,523 67,959 799,156 786,693 12,463
MANAGEMENT FEES
6320 - Management Fee 22,490 14,679 26,468 16,528 28,989 19,793 21,333 21,272 21,759 21,759 21,181 21,023 257,275 254,994 2,281
TOTAL MANAGEMENT FEES 22,490 14,679 26,468 16,528 28,989 19,793 21,333 21,272 21,759 21,759 21,181 21,023 257,275 254,994 2,281
TOTAL CONTROLLABLE EXPENSES 335,004 191,206 183,500 174,198 203,807 180,267 191,820 194,358 183,305 189,964 184,868 229,410 2,441,708 2,554,217 (112,509)
CONTROLLABLE CASH FLOW 275,323 418,652 478,766 481,682 428,188 450,483 417,714 413,426 438,379 431,720 420,291 371,251 5,025,873 4,731,310 294,563
TAXES & INSURANCE
6710 - Property Taxes 53,455 53,455 53,454 53,454 56,436 56,388 50,909 50,909 50,909 50,909 50,909 50,910 632,095 610,909 21,187
6717 - Licenses & Fees 0 227 0 0 0 0 0 0 150 150 0 0 528 300 227
6720 - Property Insurance 19,552 27,231 20,950 20,950 32,467 22,322 19,366 19,366 19,366 19,366 19,366 19,366 259,667 227,781 31,886
6721 - Other Insurance 0 0 0 0 0 0 55 55 55 55 55 54 328 656 (328)
6750 - Property Tax Consultant 0 0 0 0 0 0 0 0 0 0 1,400 0 1,400 1,400 0
TOTAL TAXES & INSURANCE 73,007 80,913 74,404 74,404 88,903 78,710 70,330 70,330 70,480 70,480 71,730 70,330 894,018 841,046 52,972
NET OPERATING INCOME 202,316 337,739 404,362 407,278 339,285 371,773 347,384 343,096 367,899 361,240 348,561 300,921 4,131,854 3,890,264 241,590
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