Page 6 - Oxford West Investor Quarterly Report Academic Year 2021-2022 Quarter 2
P. 6
Oxford West Properties I, LLLP
Balance Sheet
Managed by RISE Residential
As of December 31, 2021
ASSETS
CURRENT ASSETS
CASH
Utility Bond 498
Petty Cash 1,500
Cash - Operating 155,674
Cash-Security Deposit 33,304
TOTAL CASH 190,976
OTHER CURRENT ASSETS
A/R Tenant 45,371
A/R Other 30,727
Prepaid Expenditures 4,260
Prepaid Property/GL Insurance 15,886
Insurance Escrow 127,393
Property Tax Escrow 270,091
TOTAL OTHER CURRENT ASSETS 493,728
TOTAL CURRENT ASSETS 684,704
REPLACEMENT RESERVES
Lender Reserve - Capital Expense 31,000
Replacement Reserve Fund 59,184
TOTAL REPLACEMENT RESERVES 90,184
FIXED ASSETS
Land 7,275,000
Building Improvements 7,642,674
Computer Equip/Software 11,567
Vehicles 1,092
Furniture-Units 87,180
Equipment 25,113
Amenities - Interior 2,064
Capital HVAC 27,609
Carpet/Vinyl Replacement 267,348
Building - Exterior 5,010
Appliances 46,583
Electrical 3,219
Grounds & Landscaping 1,171
Lighting - Exterior 9,410
Plumbing 15,821
Pool & Spa 2,500
Roof & Gutters 44,670
Safety Systems 14,007
Building-First Year 16,975,000
TOTAL FIXED ASSETS 32,457,038
ACCUM DEPRECIATION & AMORTIZATION
Accum Amort - Loan Cost (218,741)
Accum Depreciation-Building (3,383,600)
Accum Depr - FF&E (278,767)
TOTAL ACCUM DEPRECIATION & AMORTIZATION (3,881,108)
OTHER ASSETS
Loan/Closing Costs 499,981
TOTAL OTHER ASSETS 499,981
Statements Internally Generated and Unaudited Page 1
