Page 19 - Oxford West Investor Quarterly Report 1.25.22

Forecasted Income Statement
Oxford West
Jan 2022

Aug 2021 Sep 2021 Oct 2021 Nov 2021 Dec 2021 Jan 2022 Feb 2022 Mar 2022 Apr 2022 May 2022 Jun 2022 Jul 2022 Total Annual
Account Account Name Actual Actual Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Forecast Budget $ Variance % Variance
Property: Oxford West
Income
Rental Income
4,627,730.0 4,624,680.0
5120 Gross Potential Rent (GPR) 385,800.00 385,800.00 385,390.00 385,800.00 385,800.00 386,800.00 385,390.00 385,390.00 385,390.00 385,390.00 385,390.00 385,390.00 3,050.00 0.07%
0 0
(380,410.73 (351,007.00
5125 Gain/Loss to Lease (28,515.78) (34,360.55) (35,825.00) (33,928.40) (35,821.00) (40,906.00) (28,509.00) (28,509.00) (28,509.00) (28,509.00) (28,509.00) (28,509.00) (29,403.73) -8.38%
) )

Cost Of Leasing
(975,610.00 (966,550.00
5220 Rent Loss-Vacancy (99,690.00) (81,503.00) (81,249.00) (80,272.00) (79,944.00) (86,512.00) (77,340.00) (78,540.00) (78,540.00) (77,340.00) (77,340.00) (77,340.00) (9,060.00) -0.94%
) )
5221 Rent Loss-Model (1,415.00) (1,415.00) (1,415.00) (1,415.00) (1,415.00) (1,415.00) (1,500.00) (1,500.00) (1,500.00) (1,500.00) (1,500.00) (1,500.00) (17,490.00) (18,000.00) 510.00 2.83%
5222 Rent Loss-Security (1,480.00) (1,480.00) (1,480.00) (1,480.00) (1,480.00) (1,480.00) (1,480.00) (1,480.00) (1,480.00) (1,480.00) (1,480.00) (1,480.00) (17,760.00) (17,760.00) 0.00 0.00%
5223 Employee Units (2,835.00) (3,107.00) (3,582.00) (2,601.00) (3,076.00) (3,076.00) (3,186.00) (3,186.00) (3,186.00) (3,186.00) (3,186.00) (3,186.00) (37,393.00) (37,932.00) 539.00 1.42%
5250 Concessions (4,221.70) (2,180.00) 265.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (6,136.70) (6,480.00) 343.30 5.30%
5255 Bad Debt Expense 5,319.29 (5,925.76) (83.10) (8,073.21) 0.00 (8,724.19) 0.00 0.00 0.00 0.00 0.00 (14,914.50) (32,401.47) (23,743.20) (8,658.27) -36.47%
(104,322.41 (101,207.19 (1,086,791.1 (1,070,465.2
Total Cost Of Leasing (95,610.76) (87,544.10) (93,841.21) (85,915.00) (83,506.00) (84,706.00) (84,706.00) (83,506.00) (83,506.00) (98,420.50) (16,325.97) -1.53%
) ) 7) 0)
3,160,528.1 3,203,207.8
Net Rental Income 252,961.81 255,828.69 262,020.90 258,030.39 264,064.00 244,686.81 273,375.00 272,175.00 272,175.00 273,375.00 273,375.00 258,460.50 (42,679.70) -1.33%
0 0
Other Income
5142 Furniture Income 174.00 40.00 80.00 80.00 80.00 80.00 0.00 0.00 0.00 0.00 0.00 0.00 534.00 0.00 534.00 100.00%
5146 Relet Fee 650.00 58.28 0.00 250.00 750.00 500.00 0.00 0.00 0.00 1,250.00 500.00 250.00 4,208.28 4,900.00 (691.72) -14.12%
5914 Vending Income 0.00 0.00 0.00 115.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 115.55 0.00 115.55 100.00%
5920 Late Charge Income 11.00 3,696.80 1,932.20 1,020.00 2,284.00 2,047.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 19,991.00 19,500.00 491.00 2.52%
5924 NSF Check Fee Income 50.00 50.00 150.00 100.00 50.00 150.00 100.00 100.00 100.00 100.00 100.00 100.00 1,150.00 1,200.00 (50.00) -4.17%
5926 Administrative Fee 480.00 (1,200.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (720.00) 0.00 (720.00) -100.00%
5927 Resident Insurance Program 0.00 0.00 (36.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (36.00) 0.00 (36.00) -100.00%
5929 Hold Over Fee 2,550.00 300.00 0.00 0.00 150.00 247.19 0.00 0.00 0.00 0.00 0.00 0.00 3,247.19 0.00 3,247.19 100.00%
5930 Resident Damages 4,060.74 1,460.00 540.00 390.00 390.00 0.00 0.00 0.00 1,500.00 0.00 0.00 0.00 8,340.74 5,500.00 2,840.74 51.65%
5932 Cleaning Fee (1,082.98) 382.14 80.00 0.00 150.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (470.84) 2,000.00 (2,470.84) -123.54%
5950 Lease Termination Fees 0.00 2,500.00 2,500.00 2,500.00 5,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12,500.00 0.00 12,500.00 100.00%
5951 Application Fees 45.00 0.00 0.00 45.00 0.00 90.00 1,350.00 1,350.00 675.00 450.00 1,125.00 2,700.00 7,830.00 9,000.00 (1,170.00) -13.00%
5952 Onetime Pet Fee Income 6,930.00 300.00 900.00 900.00 90.00 90.00 300.00 300.00 600.00 300.00 300.00 300.00 11,310.00 12,300.00 (990.00) -8.05%
5953 Fines 100.81 375.00 675.00 25.00 50.00 0.00 250.00 250.00 250.00 250.00 250.00 250.00 2,725.81 2,850.00 (124.19) -4.36%
5954 Replmnt Keys/Cards/Lock Outs 120.00 50.00 0.00 0.00 25.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 720.00 950.00 (230.00) -24.21%
5956 Utility Income 4,921.02 25,073.25 21,335.86 11,058.24 29,313.63 24,815.50 35,800.00 51,000.00 2,000.00 4,000.00 11,000.00 15,000.00 235,317.50 241,771.00 (6,453.50) -2.67%
5957 Transfer Fees 300.00 (150.00) 0.00 0.00 0.00 500.00 500.00 0.00 0.00 500.00 0.00 750.00 2,400.00 3,000.00 (600.00) -20.00%
5964 Monthly Pet Rent Income 1,092.00 1,400.00 1,480.00 1,500.00 1,438.00 1,290.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00 15,400.00 14,250.00 1,150.00 8.07%
Total Other Income 20,401.59 34,335.47 29,637.06 17,983.79 39,770.63 29,884.69 41,075.00 55,775.00 7,900.00 9,625.00 16,050.00 22,125.00 324,563.23 317,221.00 7,342.23 2.31%

3,485,091.3 3,520,428.8
Total Income 273,363.40 290,164.16 291,657.96 276,014.18 303,834.63 274,571.50 314,450.00 327,950.00 280,075.00 283,000.00 289,425.00 280,585.50 (35,337.47) -1.00%
3 0
Controllable Expenses
Payroll Office
6091 Community Assistants 2,656.50 993.35 877.34 543.40 451.00 802.13 1,716.67 1,716.67 1,716.67 1,716.67 1,716.67 1,716.67 16,623.74 21,600.04 4,976.30 23.04%
6093 Leasing Manager Payroll 3,126.02 3,171.85 3,171.85 3,171.85 3,171.84 3,173.34 3,433.33 3,433.33 3,433.33 3,433.33 3,433.33 3,433.33 39,586.73 41,199.96 1,613.23 3.92%
6330 General Manager 5,551.87 5,633.12 5,633.12 5,633.12 5,633.12 5,636.12 5,579.17 5,579.17 5,579.17 5,579.17 5,579.17 5,579.17 67,195.49 66,950.04 (245.45) -0.37%

Forecasted Income Statement 1.6 generated 02/18/2022 03:23 PM EST and data as of 02/18/2022 03:23 PM EST Page 1 of 5