Page 14 - Oxford West Investor Quarterly Report 1.25.22

Income Statement - Budget vs Actual Property:Oxford West

Jan 2022 YTD ( Aug 2021 - Jan 2022 )
Account Account Name Actual Budget $ Variance % Variance Actual Budget $ Variance % Variance Annual Budget
6283 Gift Cards and Leasing Incentives 0.00 0.00 0.00 0.00% 10,000.00 10,000.00 0.00 0.00% 10,000.00
Total Marketing & Leasing 1,664.57 1,637.00 (27.57) -1.68% 39,001.21 40,822.00 1,820.79 4.46% 66,044.00
Common Area Utilities
6450 C/A Electricity 1,840.02 2,007.89 167.87 8.36% 10,316.11 8,133.99 (2,182.12) -26.83% 20,175.36
6452 C/A Natural Gas 971.57 0.00 (971.57) -100.00% 983.79 0.00 (983.79) -100.00% 0.00
Total Common Area Utilities 2,811.59 2,007.89 (803.70) -40.03% 11,299.90 8,133.99 (3,165.91) -38.92% 20,175.36
Unit Utilities
6460 Electricity Vacant Units 6,218.59 1,912.50 (4,306.09) -225.16% 21,938.12 17,882.30 (4,055.82) -22.68% 30,504.80
6461 Electricity Occupied Units 34,004.98 24,396.00 (9,608.98) -39.39% 113,093.95 97,506.00 (15,587.95) -15.99% 198,041.00
6462 Cable 4,817.97 4,818.00 0.03 0.00% 27,783.35 28,908.00 1,124.65 3.89% 57,816.00
6463 Water/Sewer Units 8,485.00 8,740.00 255.00 2.92% 73,385.21 68,263.00 (5,122.21) -7.50% 138,589.00
6464 Natural Gas 6,760.78 6,100.00 (660.78) -10.83% 20,072.86 21,450.00 1,377.14 6.42% 40,550.00
6465 Internet Service 12,210.88 12,200.00 (10.88) -0.09% 64,981.39 73,200.00 8,218.61 11.23% 146,400.00
Total Unit Utilities 72,498.20 58,166.50 (14,331.70) -24.64% 321,254.88 307,209.30 (14,045.58) -4.57% 611,900.80
Total Utilities 75,309.79 60,174.39 (15,135.40) -25.15% 332,554.78 315,343.29 (17,211.49) -5.46% 632,076.16
Management Fees
6320 Management Fee 12,825.23 12,414.64 (410.59) -3.31% 71,320.27 69,797.73 (1,522.54) -2.18% 140,817.15
Total Management Fees 12,825.23 12,414.64 (410.59) -3.31% 71,320.27 69,797.73 (1,522.54) -2.18% 140,817.15
Total Controllable Expenses 144,063.69 123,425.70 (20,637.99) -16.72% 857,556.77 850,722.66 (6,834.11) -0.80% 1,531,835.47
Controllable Cash Flow 130,507.81 186,940.40 (56,432.59) -30.19% 852,049.06 894,220.64 (42,171.58) -4.72% 1,988,593.33
Taxes & Insurance
6710 Property Taxes 32,059.21 32,075.88 16.67 0.05% 192,355.26 192,455.28 100.02 0.05% 384,910.56
6715 Other Taxes 2,266.00 2,343.00 77.00 3.29% 4,385.00 4,686.00 301.00 6.42% 9,372.00
6720 Property Insurance 16,410.65 16,343.25 (67.40) -0.41% 97,521.45 94,167.83 (3,353.62) -3.56% 192,225.83
6721 Other Insurance 45.25 47.51 2.26 4.76% 271.50 285.06 13.56 4.76% 570.12
6750 Property Tax Consultant 0.00 0.00 0.00 0.00% 0.00 0.00 0.00 0.00% 1,025.00
Total Taxes & Insurance 50,781.11 50,809.64 28.53 0.06% 294,533.21 291,594.17 (2,939.04) -1.01% 588,103.51
Net Operating Income 79,726.70 136,130.76 (56,404.06) -41.43% 557,515.85 602,626.47 (45,110.62) -7.49% 1,400,489.82
Other Finance Related
6899 Other Financial Expense 5.00 0.00 (5.00) -100.00% 15.00 0.00 (15.00) -100.00% 0.00
Total Other Finance Related 5.00 0.00 (5.00) -100.00% 15.00 0.00 (15.00) -100.00% 0.00
Total Non-Controllable Expenses 5.00 0.00 (5.00) -100.00% 15.00 0.00 (15.00) -100.00% 0.00
Cash Flow Before Debt Service 79,721.70 136,130.76 (56,409.06) -41.44% 557,500.85 602,626.47 (45,125.62) -7.49% 1,400,489.82
Debt Service
6820 Interest Expense 120,555.56 116,666.00 (3,889.56) -3.33% 715,555.55 699,996.00 (15,559.55) -2.22% 1,399,992.00
Total Debt Service 120,555.56 116,666.00 (3,889.56) -3.33% 715,555.55 699,996.00 (15,559.55) -2.22% 1,399,992.00
Cash Flow After Debt Service (40,833.86) 19,464.76 (60,298.62) -309.78% (158,054.70) (97,369.53) (60,685.17) -62.32% 497.82
Cash Flow Before Deprec/Amort (40,833.86) 19,464.76 (60,298.62) -309.78% (158,054.70) (97,369.53) (60,685.17) -62.32% 497.82
Depreciation/Amortization
8000 Depreciation - FF&E 9,406.06 7,935.62 (1,470.44) -18.53% 55,385.39 47,613.72 (7,771.67) -16.32% 95,227.44
8005 Deprec Expense-Building 68,382.43 68,382.43 0.00 0.00% 410,294.58 410,294.58 0.00 0.00% 820,589.16

Income Statement - Budget vs Actual 2.5 generated 02/18/2022 02:58 PM EST and data as of 02/18/2022 02:58 PM EST Page 4 of 5