Page 27 - Anthem House Academic Year 2021-22 Quarter 2

Anthem House Gainesville Properties III, LLC
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
REVENUE
GROSS RENTAL INCOME 205,265 199,315 5,950 179,490 (25,775) 1,183,175 1,188,242 (5,067) 179,490 (1,003,685) 2,384,132
COST OF LEASING (12,940) (6,234) (6,706) (179,490) (166,550) (48,754) (43,598) (5,157) (179,490) (130,736) (81,002)
NET RENTAL INCOME 192,325 193,081 (756) 0 (192,325) 1,134,421 1,144,644 (10,224) 0 (1,134,421) 2,303,130
OTHER INCOME 16,143 17,275 (1,132) 0 (16,143) 84,504 81,662 2,842 0 (84,504) 186,512

TOTAL INCOME 208,468 210,356 (1,888) 0 (208,468) 1,218,925 1,226,306 (7,382) 0 (1,218,925) 2,489,642
CONTROLLABLE EXPENSES
PAYROLL OFFICE 6,521 10,466 3,945 0 (6,521) 46,091 68,921 22,831 0 (46,091) 141,843
PAYROLL MAINTENANCE 1,602 6,000 4,398 0 (1,602) 26,483 36,002 9,519 0 (26,483) 72,003
PAYROLL RELATED EXPENSES 518 3,898 3,380 0 (518) 14,198 25,149 10,951 0 (14,198) 49,793
TOTAL PAYROLL 8,641 20,364 11,723 0 (8,641) 86,772 130,072 43,301 0 (86,772) 263,639
GENERAL & ADMINISTRATIVE 6,508 5,391 (1,117) 0 (6,508) 25,517 23,867 (1,650) 0 (25,517) 46,248
PROFESSIONAL FEES 0 0 0 0 0 408 0 (408) 0 (408) 10,400
CONTRACT SERVICES 4,725 2,875 (1,850) 0 (4,725) 32,641 17,251 (15,390) 0 (32,641) 34,501
TURNOVER EXPENSE 60 6,860 6,800 0 (60) 1,160 7,160 6,000 0 (1,160) 7,540
REPAIRS & MAINTENANCE 1,083 751 (332) 0 (1,083) 16,181 7,356 (8,826) 0 (16,181) 11,862
MARKETING & LEASING 7,010 3,283 (3,727) 0 (7,010) 46,763 22,198 (24,564) 0 (46,763) 41,896
COMMON AREA UTILITIES 6,518 2,301 (4,217) 0 (6,518) 36,615 13,805 (22,810) 0 (36,615) 27,611
UNIT UTILITIES 17,664 13,675 (3,989) 0 (17,664) 88,959 82,050 (6,910) 0 (88,959) 164,100
TOTAL UTILITIES 24,182 15,976 (8,206) 0 (24,182) 125,574 95,855 (29,720) 0 (125,574) 191,711

MANAGEMENT FEES 7,079 7,362 283 0 (7,079) 41,361 42,920 1,561 0 (41,361) 87,138
TOTAL CONTROLLABLE EXPENSES 59,288 62,862 3,574 0 (59,288) 376,377 346,679 (29,696) 0 (376,377) 694,935

CONTROLLABLE CASH FLOW 149,180 147,494 1,686 0 (149,180) 842,548 879,627 (37,078) 0 (842,548) 1,794,707
TAXES & INSURANCE 29,837 29,775 (62) 0 (29,837) 94,607 178,651 84,043 0 (94,607) 357,300
NET OPERATING INCOME 119,343 117,719 1,624 0 (119,343) 747,941 700,976 46,965 0 (747,941) 1,437,407

CASH FLOW BEFORE DEBT SERVICE 119,343 117,719 1,624 0 (119,343) 747,941 700,976 46,965 0 (747,941) 1,437,407