Page 26 - Oxford West Investor Quarterly Report Academic Year 2021-2022 Quarter 2
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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
DEPRECIATION/AMORTIZATION
9,396 7,936 (1,461) 8,144 (1,253) 8000 - Depreciation - FF&E 45,979 39,678 (6,302) 34,656 (11,324) 95,228
68,383 68,382 0 68,382 0 8005 - Deprec Expense-Building 341,912 341,912 0 341,912 0 820,589
10,416 10,417 0 10,416 0 8006 - Amortization-Loan Fees 52,082 52,081 0 52,081 0 124,995
88,195 86,735 (1,461) 86,942 (1,253) TOTAL DEPREC/AMORT 439,973 433,671 (6,302) 428,649 (11,324) 1,040,812
OTHER EXPENSES
7,645 7,645 0 0 (7,645) 8517 - Audit/Tax Return Fees 7,645 7,645 0 0 (7,645) 7,645
7,645 7,645 0 0 (7,645) TOTAL OTHER EXPENSES 7,645 7,645 0 0 (7,645) 7,645
(81,165) (80,693) (472) (53,539) (27,626) CASH FLOW AFTER DEPREC/ (632,066) (647,667) 15,601 (631,986) (80) (1,201,058)
AMORT AND OTHER EXP.
RECONCILIATION TO GAAP NET
INCOME (LOSS)
CAPITAL EXPENDITURES
0 0 0 0 0 1480 - Vehicles 0 0 0 (1,092) 1,092 0
0 0 0 0 0 1523 - Capital HVAC (772) (1,000) 228 0 (772) (1,000)
0 0 0 0 0 1526 - Carpet/Vinyl Replacement (37,989) (38,000) 11 (35,978) (2,011) (38,000)
(1,858) 0 (1,858) 0 (1,858) 1533 - Appliances (5,144) (1,000) (4,144) (10,528) 5,384 (1,000)
0 0 0 0 0 1555 - Lighting - Exterior 0 0 0 (9,411) 9,410 0
0 0 0 0 0 1575 - Plumbing (4,153) (4,100) (53) 0 (4,152) (4,100)
0 0 0 0 0 1585 - Roof & Gutters (1,300) 0 (1,300) (5,550) 4,250 0
0 0 0 0 0 1504 - Furniture-Units 0 0 0 (34,449) 34,449 0
(1,858) 0 (1,858) 0 (1,858) TOTAL CAPITAL EXPENDITURES (49,358) (44,100) (5,258) (97,008) 47,650 (44,100)
RESERVES
(9,083) (9,083) 0 (9,083) 0 1320 - Replacement Reserve Fund (17,869) (45,417) 27,548 (45,417) 27,547 (109,000)
(9,083) (9,083) 0 (9,083) 0 TOTAL RESERVES (17,869) (45,417) 27,548 (45,417) 27,547 (109,000)
(70,224) (71,609) 1,385 (44,456) (25,768) GAAP NET INCOME (LOSS) (564,839) (558,151) (6,688) (489,562) (75,277) (1,047,958)
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