Page 30 - Oxford West Investor Quarterly Report Academic Year 2021-2022 Quarter 2

Oxford West Properties I, LLLP
Managed by RISE Residential
Budget Comparison Report

Current
Current Month 12/31/2021 Prior Yr Current Mo. 12/31/2020 Year to Date 12/31/2021 Prior Year YTD 12/31/2020 Fiscal Yr.
Actual Budget Variance Actual Variance Actual Budget Variance Actual Variance Budget
REVENUE
GROSS RENTAL INCOME 349,979 356,881 (6,902) 359,272 9,293 1,760,139 1,775,506 (15,367) 1,809,682 49,542 4,273,673
COST OF LEASING (85,915) (85,906) (9) (68,288) 17,627 (467,233) (463,250) (3,983) (393,181) 74,053 (1,070,465)
NET RENTAL INCOME 264,064 270,975 (6,911) 290,984 26,920 1,292,906 1,312,256 (19,350) 1,416,501 123,595 3,203,208
OTHER INCOME 39,771 34,450 5,321 32,576 (7,194) 142,128 122,321 19,807 118,544 (23,585) 317,221

TOTAL INCOME 303,835 305,425 (1,590) 323,560 19,726 1,435,034 1,434,577 457 1,535,045 100,010 3,520,429
CONTROLLABLE EXPENSES
PAYROLL OFFICE 13,151 14,592 1,441 16,568 3,418 80,208 89,651 9,443 93,521 13,312 217,188
PAYROLL MAINTENANCE 9,013 7,725 (1,288) 8,808 (205) 46,287 42,825 (3,462) 47,757 1,471 98,150
PAYROLL RELATED EXPENSES 3,866 4,679 813 4,592 726 23,150 29,047 5,898 25,317 2,167 65,531
TOTAL PAYROLL 26,030 26,996 966 29,968 3,939 149,645 161,523 11,879 166,595 16,950 380,869
GENERAL & ADMINISTRATIVE 5,125 5,335 209 5,004 (121) 39,390 41,616 2,226 50,064 10,673 81,846
PROFESSIONAL FEES 0 0 0 0 0 30 0 (31) 29 (1) 0
CONTRACT SERVICES 6,571 7,069 499 8,162 1,591 45,306 47,445 2,139 49,099 3,793 91,478
TURNOVER EXPENSE 590 50 (540) 128 (462) 111,857 111,095 (762) 123,756 11,899 111,445
REPAIRS & MAINTENANCE 1,144 1,890 745 1,874 730 14,188 13,880 (308) 17,097 2,908 27,260
MARKETING & LEASING (4,059) 1,487 5,547 4,801 8,861 37,337 39,185 1,849 69,551 32,215 66,044
COMMON AREA UTILITIES 1,834 1,486 (349) 1,895 60 8,488 6,127 (2,362) 8,561 73 20,175
UNIT UTILITIES 64,856 61,771 (3,085) 59,678 (5,178) 248,757 249,042 286 248,740 (17) 611,901
TOTAL UTILITIES 66,690 63,257 (3,434) 61,573 (5,118) 257,245 255,169 (2,076) 257,301 56 632,076

MANAGEMENT FEES 11,270 12,217 948 13,156 1,886 58,495 57,383 (1,112) 62,563 4,068 140,817
TOTAL CONTROLLABLE EXPENSES 113,361 118,301 4,940 124,666 11,306 713,493 727,296 13,804 796,055 82,561 1,531,835

CONTROLLABLE CASH FLOW 190,474 187,124 3,350 198,894 8,420 721,541 707,281 14,261 738,990 17,449 1,988,594
TAXES & INSURANCE 48,186 47,688 (498) 39,741 (8,445) 243,752 240,785 (2,968) 201,013 (42,738) 588,103
NET OPERATING INCOME 142,288 139,436 2,852 159,153 16,865 477,789 466,496 11,293 537,977 60,187 1,400,491

OTHER FINANCE RELATED 5 0 (5) 0 (5) 10 0 (10) 0 (10) 0
CASH FLOW BEFORE DEBT SERVICE 142,283 139,436 2,847 159,153 16,870 477,779 466,496 11,283 537,977 60,197 1,400,491