Page 7 - Eagle Landing Academic Year 2021-22 Quarter 2
P. 7
Eagle Landing
Balance Sheet
Managed by RISE Residential
As of January 31, 2022
ASSETS
CURRENT ASSETS
CASH
Cash - Operating 1,133,910
Cash - Security Deposits 193,570
Petty Cash 2,000
TOTAL CASH 1,329,480
OTHER CURRENT ASSETS
A/R Tenant 7,229
A/R Intercompany/Affiliate (109,770)
A/R Other 72,267
Prepaid Expenditures 20,400
Prepaid Property/GL Insurance 145,792
Insurance Escrow 13,383
Property Tax Escrow 47,583
Miscellaneous Escrows 200,161
TOTAL OTHER CURRENT ASSETS 397,045
TOTAL CURRENT ASSETS 1,726,525
REPLACEMENT RESERVES
Replacement Reserve Fund 321,024
TOTAL REPLACEMENT RESERVES 321,024
FIXED ASSETS
Land 4,690,000
Land Improvements 2,630,487
Furniture / Fixtures 40,990
Equipment 12,415
Computer Equip/Software 10,130
Furniture-Units 99,834
Landscaping 9,480
Amenities - Exterior 8,244
Carpet/Vinyl Replacement 9,303
Appliances 1,507
Electrical 963
Lighting - Exterior 15,630
Maintenance Equipment 1,796
Pool Furniture 4,418
Roof & Gutters 6,650
Safety Systems 12,678
FF&E - First Year 5,351,691
Building-First Year 34,655,131
TOTAL FIXED ASSETS 47,561,347
ACCUM DEPRECIATION & AMORTIZATION
Accum Depreciation-Building (6,605,893)
Accum Depr - FF&E (5,275,792)
Accumulated Amortization (138,845)
TOTAL ACCUM DEPRECIATION & AMORTIZATION (12,020,530)
OTHER ASSETS
Utility Deposit 6,146
Legal Costs 99,750
Loan/Closing Costs 390,291
TOTAL OTHER ASSETS 496,187
Statements Internally Generated and Unaudited Page 1
