Page 31 - Preserve at Tech Investor Quarterly Report Academic Year 2021-2022 Quarter 2

The Preserve at Tech Ruston Properties I, LLC
Managed by RISE Residential
Budget Comparison Report

Current
Prior Yr Current Prior Year YTD
Current Month 01/31/2022 Mo. 01/31/2021 Year to Date 01/31/2022 01/31/2021 Fiscal Yr.
Actual Budget Variance Variance Actual Budget Variance Variance Budget
DEBT SERVICE 63,824 69,613 5,791 (63,824) 251,320 278,454 27,134 (251,320) 696,136

CASH FLOW AFTER DEBT SERVICE 104,937 56,025 48,913 (104,937) 610,438 304,485 305,953 (610,438) 618,253
EXTRAORDINARY EXPENSE
7200 - Extraordinary Expense 0 0 0 0 949 0 (949) (949) 0
CAPITAL EXPENDITURES 0 0 0 0 3,963 5,100 1,137 (3,963) 10,100

CASH FLOW BEFORE DEPREC/AMORT 104,937 56,025 48,913 (104,937) 605,526 299,385 306,141 (605,526) 608,153
DEPRECIATION/AMORTIZATION 117,579 117,580 1 (117,579) 468,066 466,227 (1,839) (468,066) 1,171,707
OTHER EXPENSES 0 0 0 0 3,000 0 (3,000) (3,000) 0

CASH FLOW AFTER DEPREC/AMORT AND OTHER (12,642) (61,555) 48,914 12,642 134,460 (166,842) 301,302 (134,460) (563,554)
EXP.

RECONCILIATION TO GAAP NET INCOME (LOSS)
CAPITAL EXPENDITURES 0 0 0 0 (3,963) (5,100) 1,137 3,963 (10,100)

GAAP NET INCOME (LOSS) (12,642) (61,555) 48,913 12,642 138,423 (161,742) 300,165 (138,423) (553,454)

DEBT COVERAGE RATIO 2.64 1.80 0.84 (2.64) 3.43 2.09 1.34 (3.43) 1.89