Page 7 - Preserve at Tech Investor Quarterly Report Academic Year 2021-2022 Quarter 2
P. 7
The Preserve at Tech Ruston Properties I, LLC
Balance Sheet
Managed by RISE Residential
As of January 31, 2022
ASSETS
CURRENT ASSETS
CASH
Cash 52,753
Utility Bond 825
Petty Cash 1,500
Cash -Project Account 14,801
Cash - Operating 404,854
Cash-Security Deposits Local 11,249
TOTAL CASH 485,982
OTHER CURRENT ASSETS
A/R Tenant 12,534
A/R Other 45,123
Prepaid Expenditures 5,626
Prepaid Property/GL Insurance 70,458
Insurance Escrow 61,389
Property Tax Escrow 14,583
TOTAL OTHER CURRENT ASSETS 209,713
TOTAL CURRENT ASSETS 695,695
FIXED ASSETS
Land 2,900,000
Building - Exterior 4,995
FF&E - First Year 1,412,446
Building-First Year 30,630,909
TOTAL FIXED ASSETS 34,948,350
ACCUM DEPRECIATION & AMORTIZATION
Accum Depreciation-Building (339,107)
Accum Depr - FF&E (93,173)
Accumulated Amortization (35,785)
TOTAL ACCUM DEPRECIATION & AMORTIZATION (468,065)
OTHER ASSETS
Loan/Closing Costs 322,068
TOTAL OTHER ASSETS 322,068
TOTAL ASSETS 35,498,048
Statements Internally Generated and Unaudited Page 1
