Page 41 - Preserve at Tech Investor Quarterly Report Academic Year 2021-2022 Quarter 2
P. 41
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
MANAGEMENT FEES
6320 - Management Fee 6,330 8,374 8,967 9,156 10,711 9,195 8,985 8,994 8,995 9,012 9,064 9,066 106,845 104,452 2,394
TOTAL MANAGEMENT FEES 6,330 8,374 8,967 9,156 10,711 9,195 8,985 8,994 8,995 9,012 9,064 9,066 106,845 104,452 2,394
TOTAL CONTROLLABLE EXPENSES 139,289 90,518 101,025 91,563 80,732 78,751 112,030 112,329 114,263 118,131 111,518 118,011 1,268,160 1,413,145 (144,984)
CONTROLLABLE CASH FLOW 41,565 153,236 186,429 170,887 192,326 194,826 144,690 144,641 142,742 139,339 147,452 140,994 1,799,128 1,571,205 227,923
TAXES & INSURANCE
6710 - Property Taxes 14,583 14,584 14,583 14,583 (54,116) 14,583 14,584 14,583 14,583 14,583 14,584 14,583 106,299 175,000 (68,701)
6720 - Property Insurance 6,189 6,817 11,407 11,407 11,408 11,482 6,818 6,818 6,818 6,818 6,818 6,818 99,622 81,816 17,806
TOTAL TAXES & INSURANCE 20,772 21,401 25,990 25,990 (42,708) 26,065 21,402 21,401 21,401 21,401 21,402 21,401 205,921 256,816 (50,895)
NET OPERATING INCOME 20,793 131,835 160,439 144,897 235,034 168,761 123,288 123,240 121,341 117,938 126,050 119,593 1,593,208 1,314,389 278,819
Page 19
