Page 31 - Oxford West Investor Quarterly Report Academic Year 2021-2022 Quarter 2
P. 31

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
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