Page 26 - 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
DEBT SERVICE 60,770 68,522 7,752 (60,770) 288,741 411,132 122,391 (288,741) 822,264

CASH FLOW AFTER DEBT SERVICE 63,755 56,922 6,833 (63,755) 165,816 (26,601) 192,417 (165,816) 438,904
CAPITAL EXPENDITURES 13,028 0 (13,028) (13,028) 18,758 0 (18,758) (18,758) 0
CASH FLOW BEFORE DEPREC/AMORT 50,727 56,922 (6,195) (50,727) 147,058 (26,601) 173,660 (147,058) 438,904

DEPRECIATION/AMORTIZATION 137,666 137,666 0 (137,666) 548,933 548,934 0 (548,933) 561,059
CASH FLOW AFTER DEPREC/AMORT AND OTHER (86,939) (80,744) (6,195) 86,939 (401,875) (575,535) 173,660 401,875 (122,155)
EXP.

RECONCILIATION TO GAAP NET INCOME (LOSS)
CAPITAL EXPENDITURES (13,028) 0 (13,028) 13,028 (18,758) 0 (18,758) 18,758 0
GAAP NET INCOME (LOSS) (73,911) (80,744) 6,833 73,911 (383,118) (575,535) 192,417 383,118 (122,155)

DEBT COVERAGE RATIO 2.05 1.83 0.22 (2.05) 1.57 0.94 0.63 (1.57) 1.53