Page 20 - Preserve at Tech Investor Quarterly Report Academic Year 2021-2022 Quarter 2

Ruston Properties I, LLC
The Preserve at Tech
Budget Comparison Report
Managed by RISE Residential
As of January 31, 2022

Prior MTD Prior YTD Current
Month to Date 01/31/2022 01/31/2021 Year to Date 01/31/2022 01/31/2021 Fiscal Year
Actual Budget Variance Actual Variance Actual Budget Variance Actual Variance Budget
1,113 374 (739) 0 (1,114) TOTAL REPAIRS & MAINTE- 24,473 17,884 (6,590) 0 (24,473) 33,967
NANCE

MARKETING & LEASING
301 368 67 0 (301) 6205 - Advertising/Marketing 8,427 8,333 (94) 0 (8,427) 20,641
3,828 2,607 (1,221) 0 (3,828) 6212 - Internet Advertising 33,513 27,135 (6,377) 0 (33,513) 50,775
132 127 (5) 0 (131) 6214 - Brochures 409 508 99 0 (410) 1,016
0 0 0 0 0 6215 - Signage / Flags/ Banners 3,567 4,628 1,061 0 (3,567) 7,128
316 650 334 0 (317) 6218 - Leasing Promotional Activities 7,874 15,064 7,190 0 (7,874) 23,063
0 0 0 0 0 6261 - Promotional Items 3,865 6,000 2,135 0 (3,865) 9,500
1,500 1,500 0 0 (1,500) 6283 - Gift Cards and Leasing Incen- 36,750 40,000 3,250 0 (36,750) 57,000
tives
6,077 5,252 (825) 0 (6,077) TOTAL MARKETING & LEASING 94,405 101,668 7,264 0 (94,405) 169,123

COMMON AREA UTILITIES
4,353 2,464 (1,890) 0 (4,353) 6450 - C/A Electricity 13,407 14,782 1,375 0 (13,407) 29,565
5,733 0 (5,732) 0 (5,732) 6451 - C/A Water & Sewer 6,544 0 (6,544) 0 (6,544) 0
10,086 2,464 (7,622) 0 (10,085) TOTAL C/A UTILITIES EXPENSE 19,951 14,782 (5,169) 0 (19,951) 29,565

UNIT UTILITIES
(18,228) 4,576 22,804 0 18,228 6460 - Electricity Vacant Units 0 38,168 38,168 0 0 65,624
17,752 12,656 (5,095) 0 (17,752) 6461 - Electricity Occupied Units 71,722 55,159 (16,564) 0 (71,722) 131,099
2,308 8,544 6,235 0 (2,309) 6463 - Water/Sewer Units 10,778 51,264 40,486 0 (10,778) 102,528
4,900 4,950 50 0 (4,900) 6465 - Internet Service 30,050 29,700 (350) 0 (30,050) 59,400
6,732 30,726 23,994 0 (6,732) TOTAL UNIT UTILITIES EXPENSE 112,550 174,291 61,740 0 (112,550) 358,651

16,818 33,190 16,372 0 (16,818) TOTAL UTILITIES 132,501 189,073 56,571 0 (132,501) 388,216

MANAGEMENT FEES
9,195 8,976 (218) 0 (9,194) 6320 - Management Fee 52,731 50,337 (2,393) 0 (52,730) 104,452
9,195 8,976 (218) 0 (9,194) TOTAL MANAGEMENT FEES 52,731 50,337 (2,393) 0 (52,730) 104,452

78,751 109,415 30,665 0 (78,751) TOTAL CONTROLLABLE EX- 581,877 726,862 144,985 0 (581,877) 1,413,145
PENSES

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