Page 48 - 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 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 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 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 0 (3,963) 0 0 0 0 0 (5,000) 0 0 0 0 (8,963) (10,100) 1,137

GAAP NET INCOME (LOSS) 20,793 131,835 (16,805) (37,452) 52,694 (12,642) (63,905) (63,954) (65,853) (69,255) (61,143) (67,600) (253,288) (553,454) 300,165

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