Page 24 - Prosper Investor Quarterly Report Academic Year 2021-2022 Quarter 2

Prosper on Fayette Baltimore Properties I, LLC
Managed by RISE Residential
Budget Comparison Report

Current
Prior Yr Current Prior Year YTD
Current Month 01/31/2022 Mo. 01/31/2021 Year to Date 01/31/2022 01/31/2021 Fiscal Yr.
Actual Budget Variance Variance Actual Budget Variance Variance Budget
REVENUE

GROSS RENTAL INCOME 418,970 419,650 (680) (418,970) 2,515,437 2,517,900 (2,464) (2,515,437) 5,035,800
COST OF LEASING (179,119) (185,026) 5,907 179,119 (1,468,985) (1,500,666) 31,682 1,468,985 (2,594,278)
NET RENTAL INCOME 239,851 234,624 5,227 (239,851) 1,046,452 1,017,234 29,218 (1,046,452) 2,441,522
OTHER INCOME 24,163 13,024 11,139 (24,163) 127,748 77,806 49,942 (127,748) 228,075

TOTAL INCOME 264,014 247,648 16,366 (264,014) 1,174,200 1,095,040 79,160 (1,174,200) 2,669,597
CONTROLLABLE EXPENSES
PAYROLL OFFICE 18,154 18,613 459 (18,154) 111,605 114,895 3,290 (111,605) 236,755
PAYROLL MAINTENANCE 8,786 8,814 27 (8,786) 39,830 52,880 13,050 (39,830) 105,760
PAYROLL RELATED EXPENSES 5,279 4,536 (742) (5,279) 24,812 29,193 4,381 (24,812) 57,705
TOTAL PAYROLL 32,219 31,963 (256) (32,219) 176,247 196,968 20,721 (176,247) 400,220
GENERAL & ADMINISTRATIVE 12,896 10,815 (2,081) (12,896) 68,304 64,263 (4,041) (68,304) 114,123
PROFESSIONAL FEES 0 0 0 0 0 8,000 8,000 0 8,000
CONTRACT SERVICES 12,184 12,164 (20) (12,184) 27,478 36,484 9,005 (27,478) 70,268
TURNOVER EXPENSE 180 0 (180) (180) 180 0 (180) (180) 2,000
REPAIRS & MAINTENANCE 1,921 2,600 679 (1,921) 15,543 18,300 2,758 (15,543) 32,421
MARKETING & LEASING 7,613 6,752 (861) (7,613) 61,776 53,312 (8,464) (61,776) 98,974
COMMON AREA UTILITIES 10,576 4,454 (6,122) (10,576) 29,068 29,458 390 (29,068) 54,778
UNIT UTILITIES 21,116 11,909 (9,207) (21,116) 113,728 71,362 (42,366) (113,728) 142,900
TOTAL UTILITIES 31,692 16,363 (15,329) (31,692) 142,796 100,820 (41,976) (142,796) 197,678

MANAGEMENT FEES 9,269 9,316 47 (9,269) 38,698 38,974 276 (38,698) 97,969
TOTAL CONTROLLABLE EXPENSES 107,974 89,973 (18,001) (107,974) 531,022 517,121 (13,901) (531,022) 1,021,653

CONTROLLABLE CASH FLOW 156,040 157,675 (1,635) (156,040) 643,178 577,919 65,259 (643,178) 1,647,944
TAXES & INSURANCE 31,515 32,231 716 (31,515) 188,621 193,388 4,767 (188,621) 386,776
NET OPERATING INCOME 124,525 125,444 (919) (124,525) 454,557 384,531 70,026 (454,557) 1,261,168

CASH FLOW BEFORE DEBT SERVICE 124,525 125,444 (919) (124,525) 454,557 384,531 70,026 (454,557) 1,261,168