Page 20 - Oxford West Investor Quarterly Report Academic Year 2021-2022 Quarter 2

Oxford West Properties I, LLLP

Budget Comparison Report
Managed by RISE Residential
As of December 31, 2021

Prior MTD Prior YTD Current
Month to Date 12/31/2021 12/31/2020 Year to Date 12/31/2021 12/31/2020 Fiscal Year
Actual Budget Variance Actual Variance Actual Budget Variance Actual Variance Budget

MARKETING & LEASING
(805) 37 843 3,196 4,001 6205 - Advertising/Marketing 4,848 5,185 338 14,109 9,262 10,444
1,099 1,250 151 1,463 364 6212 - Internet Advertising 12,879 14,150 1,270 13,829 950 30,900
176 0 (176) 0 (176) 6214 - Brochures 176 0 (175) 0 (175) 0
0 0 0 0 0 6215 - Signage / Flags/ Banners 160 300 140 596 436 300
471 200 (271) 134 (337) 6218 - Leasing Promotional Activities 4,787 4,400 (387) 5,640 853 6,800
0 0 0 8 9 6219 - Resident Promo Activities 0 0 0 17 17 0
0 0 0 0 0 6222 - Model Expense 0 150 150 161 161 600
0 0 0 0 0 6261 - Promotional Items 4,487 5,000 513 10,199 5,712 7,000
(5,000) 0 5,000 0 5,000 6283 - Gift Cards and Leasing Incen- 10,000 10,000 0 25,000 15,000 10,000
tives
(4,059) 1,487 5,547 4,801 8,861 TOTAL MARKETING & LEASING 37,337 39,185 1,849 69,551 32,215 66,044

COMMON AREA UTILITIES
1,834 1,486 (349) 1,471 (364) 6450 - C/A Electricity 8,476 6,127 (2,350) 8,008 (468) 20,175
0 0 0 424 424 6452 - C/A Natural Gas 12 0 (12) 553 541 0
1,834 1,486 (349) 1,895 60 TOTAL C/A UTILITIES EXPENSE 8,488 6,127 (2,362) 8,561 73 20,175

UNIT UTILITIES
2,629 2,147 (481) 1,263 (1,365) 6460 - Electricity Vacant Units 15,720 15,969 250 9,395 (6,325) 30,505
26,760 24,396 (2,364) 25,116 (1,645) 6461 - Electricity Occupied Units 79,089 73,110 (5,979) 86,671 7,582 198,041
3,693 4,818 1,124 4,445 752 6462 - Cable 22,965 24,090 1,124 22,225 (740) 57,816
13,772 12,110 (1,661) 12,110 (1,662) 6463 - Water/Sewer Units 64,900 59,523 (5,377) 59,523 (5,377) 138,589
7,822 6,100 (1,723) 5,210 (2,612) 6464 - Natural Gas 13,312 15,350 2,038 13,402 90 40,550
10,180 12,200 2,020 11,534 1,355 6465 - Internet Service 52,771 61,000 8,230 57,524 4,753 146,400
64,856 61,771 (3,085) 59,678 (5,178) TOTAL UNIT UTILITIES EXPENSE 248,757 249,042 286 248,740 (17) 611,901
66,690 63,257 (3,434) 61,573 (5,118) TOTAL UTILITIES 257,245 255,169 (2,076) 257,301 56 632,076

MANAGEMENT FEES
11,270 12,217 948 13,156 1,886 6320 - Management Fee 58,495 57,383 (1,112) 62,563 4,068 140,817
11,270 12,217 948 13,156 1,886 TOTAL MANAGEMENT FEES 58,495 57,383 (1,112) 62,563 4,068 140,817

113,361 118,301 4,940 124,666 11,306 TOTAL CONTROLLABLE EX- 713,493 727,296 13,804 796,055 82,561 1,531,835

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