Page 42 - 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

CASH FLOW BEFORE DEBT SERVICE 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
DEBT SERVICE
6820 - Interest Expense 0 0 61,439 64,294 61,764 63,824 69,613 69,614 69,614 69,613 69,613 69,613 669,001 696,136 (27,135)
TOTAL DEBT SERVICE 0 0 61,439 64,294 61,764 63,824 69,613 69,614 69,614 69,613 69,613 69,613 669,001 696,136 (27,135)

CASH FLOW AFTER DEBT SERVICE 20,793 131,835 99,000 80,603 173,270 104,937 53,675 53,626 51,727 48,325 56,437 49,980 924,206 618,253 305,953
EXTRAORDINARY EXPENSE
7200 - Extraordinary Expense 0 0 0 949 0 0 0 0 0 0 0 0 949 0 949
TOTAL EXTRAORDINARY EXPENSE 0 0 0 949 0 0 0 0 0 0 0 0 949 0 949

CAPITAL EXPENDITURES
1504 - Furniture-Units 0 0 0 0 0 0 0 5,000 0 0 0 0 5,000 5,000 0
1530 - Building - Exterior 0 4,995 0 0 0 0 0 0 0 0 0 0 4,995 5,100 (105)
1531 - Building - Interior 0 (1,032) 0 0 0 0 0 0 0 0 0 0 (1,032) 0 (1,032)
TOTAL CAPITAL EXPENDITURES 0 3,963 0 0 0 0 0 5,000 0 0 0 0 8,963 10,100 (1,137)
CASH FLOW BEFORE DEPREC/ 20,793 127,872 99,000 79,654 173,270 104,937 53,675 48,626 51,727 48,325 56,437 49,980 914,294 608,153 306,141
AMORT
DEPRECIATION/AMORTIZATION
8000 - Depreciation - FF&E 0 0 23,006 23,085 23,541 23,540 23,541 23,541 23,541 23,541 23,541 23,541 234,419 234,340 79
8003 - Amortization - Loan Fees/Transaction 0 0 8,946 8,947 8,946 8,947 8,947 8,947 8,947 8,947 8,947 8,947 89,468 89,470 (3)
Cost
8005 - Deprec Expense-Building 0 0 83,853 85,074 85,089 85,092 85,092 85,092 85,092 85,092 85,092 85,092 849,659 847,897 1,763
TOTAL DEPREC/AMORT 0 0 115,805 117,106 117,576 117,579 117,580 117,580 117,580 117,580 117,580 117,580 1,173,546 1,171,707 1,839

OTHER EXPENSES
8515 - Other Professional Fees 0 0 0 0 3,000 0 0 0 0 0 0 0 3,000 0 3,000
TOTAL OTHER EXPENSES 0 0 0 0 3,000 0 0 0 0 0 0 0 3,000 0 3,000

CASH FLOW AFTER DEPREC/AMORT 20,793 127,872 (16,805) (37,452) 52,694 (12,642) (63,905) (68,954) (65,853) (69,255) (61,143) (67,600) (262,251) (563,554) 301,302
AND OTHER EXP.

RECONCILIATION TO GAAP NET IN-
COME (LOSS)
CAPITAL EXPENDITURES
1530 - Building - Exterior 0 (4,995) 0 0 0 0 0 0 0 0 0 0 (4,995) (5,100) 105
1531 - Building - Interior 0 1,032 0 0 0 0 0 0 0 0 0 0 1,032 0 1,032
1504 - Furniture-Units 0 0 0 0 0 0 0 (5,000) 0 0 0 0 (5,000) (5,000) 0
TOTAL CAPITAL EXPENDITURES 0 (3,963) 0 0 0 0 0 (5,000) 0 0 0 0 (8,963) (10,100) 1,137

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