Page 38 - Preserve at Tech Investor Quarterly Report Academic Year 2021-2022 Quarter 2

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

08/31/2021 09/30/2021 10/31/2021 11/30/2021 12/31/2021 01/31/2022 02/28/2022 03/31/2022 04/30/2022 05/31/2022 06/30/2022 07/31/2022 Total Original
Actual Actual Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Act/Bud Budget Variance
6516 - Keys & Locks 480 188 974 75 75 149 141 75 641 75 141 75 3,090 2,134 956
6556 - Other Maint Repairs & Supplies 49 155 848 558 428 0 35 0 35 0 35 0 2,142 210 1,933
6557 - Appliance Parts & Supplies 0 0 856 79 144 0 0 0 0 0 0 0 1,078 0 1,078
6558 - Electrical Parts & Supplies 0 0 0 0 375 26 0 0 200 0 0 0 602 200 401
6559 - Plumbing Parts & Supplies 75 0 0 125 0 0 50 0 550 0 50 0 850 800 50
6560 - HVAC Parts & Supplies 0 0 237 1,075 0 0 492 0 0 492 0 0 2,297 1,970 327
6561 - Pool Parts & Supplies 1,781 0 948 0 0 222 250 250 250 250 250 250 4,450 4,700 (249)
6564 - Building -Exterior Cleaning 0 0 0 0 0 0 50 0 50 0 50 0 150 300 (150)
6566 - Windows/Door Repairs/Glass 0 0 171 5 550 0 60 0 60 0 60 0 907 360 547
6568 - Fire Prevention Equipment 0 0 170 (169) 0 0 0 0 0 0 0 0 0 0 0
6569 - Recreation Equipment 203 0 0 0 0 0 1,200 0 0 0 0 0 1,403 1,403 0
6570 - Equipment and Tools 10,114 0 1,093 744 (132) 263 0 0 0 0 0 0 12,082 10,295 1,787
6573 - Gates/Fence/Wall Repairs 0 0 0 0 0 0 0 0 0 100 0 0 100 200 (100)
6574 - Light Bulbs 0 0 155 0 0 0 50 0 1,550 0 50 0 1,805 1,800 5
6576 - Life Safety System R&M 0 0 0 169 0 0 0 0 0 0 0 7,500 7,670 7,500 169
6578 - Maintenance Uniforms 415 0 0 0 (11) 0 415 0 0 0 0 0 819 1,495 (676)
6592 - COVID-19 Supplies 0 0 0 0 0 365 0 0 0 0 0 0 365 0 365
TOTAL REPAIRS & MAINTENANCE 13,178 343 5,725 2,696 1,417 1,113 2,793 375 3,386 967 686 7,875 40,556 33,967 6,589
MARKETING & LEASING
6205 - Advertising/Marketing 6,358 108 874 281 505 301 368 3,568 3,568 3,568 368 868 20,735 20,641 95
6212 - Internet Advertising 7,960 5,785 5,784 1,328 8,828 3,828 2,607 2,607 4,607 4,607 4,607 4,607 57,152 50,775 6,376
6214 - Brochures 0 142 0 0 136 132 127 0 127 127 0 127 918 1,016 (98)
6215 - Signage / Flags/ Banners 4,628 (1,850) 605 0 184 0 0 1,500 0 0 1,000 0 6,066 7,128 (1,061)
6218 - Leasing Promotional Activities 4,580 360 1,148 828 641 316 650 650 3,650 1,000 650 1,400 15,874 23,063 (7,190)
6261 - Promotional Items 1,624 508 0 1,750 (17) 0 1,750 0 0 1,750 0 0 7,365 9,500 (2,135)
6283 - Gift Cards and Leasing Incentives 27,000 0 5,000 1,250 2,000 1,500 1,000 2,500 2,000 3,500 4,500 3,500 53,750 57,000 (3,250)
TOTAL MARKETING & LEASING 52,150 5,053 13,411 5,437 12,277 6,077 6,502 10,825 13,952 14,552 11,125 10,502 161,860 169,123 (7,263)

COMMON AREA UTILITIES
6450 - C/A Electricity 6,145 904 620 670 715 4,353 2,464 2,463 2,463 2,464 2,464 2,464 28,190 29,565 (1,375)
6451 - C/A Water & Sewer 0 27 387 213 184 5,733 0 0 0 0 0 0 6,544 0 6,544
TOTAL C/A UTILITIES EXPENSE 6,145 931 1,007 883 899 10,086 2,464 2,463 2,463 2,464 2,464 2,464 34,734 29,565 5,169
UNIT UTILITIES
6460 - Electricity Vacant Units 18,228 0 0 0 0 (18,228) 4,576 4,576 4,576 4,576 4,576 4,576 27,456 65,624 (38,169)
6461 - Electricity Occupied Units 0 20,293 12,193 11,199 10,285 17,752 12,656 12,657 12,657 12,656 12,656 12,656 147,662 131,099 16,564
6463 - Water/Sewer Units 1,056 2,404 1,650 1,680 1,680 2,308 8,544 8,544 8,544 8,544 8,544 8,544 62,042 102,528 (40,486)
6465 - Internet Service 4,950 5,400 4,900 4,900 5,000 4,900 4,950 4,950 4,950 4,950 4,950 4,950 59,750 59,400 350
TOTAL UNIT UTILITIES EXPENSE 24,234 28,097 18,743 17,779 16,965 6,732 30,726 30,727 30,727 30,726 30,726 30,726 296,910 358,651 (61,741)
TOTAL UTILITIES 30,379 29,028 19,750 18,662 17,864 16,818 33,190 33,190 33,190 33,190 33,190 33,190 331,644 388,216 (56,572)

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