Page 28 - 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
DEBT SERVICE 98,508 31,419 (67,089) 0 (98,508) 98,508 94,257 (4,251) 0 (98,508) 282,771

CASH FLOW AFTER DEBT SERVICE 20,835 86,300 (65,465) 0 (20,835) 649,433 606,719 42,714 0 (649,433) 1,154,636
CAPITAL EXPENDITURES 0 0 0 0 0 (7,757) 0 7,757 0 7,757 0
CASH FLOW BEFORE DEPREC/AMORT 20,835 86,300 (65,465) 0 (20,835) 657,190 606,719 50,471 0 (657,190) 1,154,636

DEPRECIATION/AMORTIZATION 66,603 66,602 (1) 0 (66,603) 331,114 331,112 (1) 0 (331,114) 730,725
CASH FLOW AFTER DEPREC/AMORT AND OTHER (45,768) 19,698 (65,466) 0 45,768 326,076 275,607 50,470 0 (326,076) 423,911
EXP.

RECONCILIATION TO GAAP NET INCOME (LOSS)
CAPITAL EXPENDITURES 0 0 0 0 0 7,757 0 7,757 0 (7,757) 0
GAAP NET INCOME (LOSS) (45,768) 19,698 (65,466) 0 45,768 318,319 275,607 42,712 0 (318,319) 423,911

DEBT COVERAGE RATIO 1.21 3.75 (2.54) 0.00 (1.21) 7.59 7.44 0.15 0.00 (7.59) 5.08