Page 9 - Oxford West Investor Quarterly Report 1.25.22

Income Statement - Budget vs Actual
Oxford West
Jan 2022
Accrual Basis

Jan 2022 YTD ( Aug 2021 - Jan 2022 )
Account Account Name Actual Budget $ Variance % Variance Actual Budget $ Variance % Variance Annual Budget
Property: Oxford West
Income
Rental Income
5120 Gross Potential Rent (GPR) 386,800.00 385,390.00 1,410.00 0.37% 2,315,390.00 2,312,340.00 3,050.00 0.13% 4,624,680.00
5125 Gain/Loss to Lease (40,906.00) (28,509.00) (12,397.00) -43.48% (209,356.73) (179,953.00) (29,403.73) -16.34% (351,007.00)
Cost Of Leasing
5220 Rent Loss-Vacancy (86,512.00) (79,740.00) (6,772.00) -8.49% (509,170.00) (500,110.00) (9,060.00) -1.81% (966,550.00)
5221 Rent Loss-Model (1,415.00) (1,500.00) 85.00 5.67% (8,490.00) (9,000.00) 510.00 5.67% (18,000.00)
5222 Rent Loss-Security (1,480.00) (1,480.00) 0.00 0.00% (8,880.00) (8,880.00) 0.00 0.00% (17,760.00)
5223 Employee Units (3,076.00) (3,186.00) 110.00 3.45% (18,277.00) (18,816.00) 539.00 2.86% (37,932.00)
5250 Concessions 0.00 0.00 0.00 0.00% (6,136.70) (6,480.00) 343.30 5.30% (6,480.00)
5255 Bad Debt Expense (8,724.19) (2,958.90) (5,765.29) -194.85% (17,486.97) (8,828.70) (8,658.27) -98.07% (23,743.20)
Total Cost Of Leasing (101,207.19) (88,864.90) (12,342.29) -13.89% (568,440.67) (552,114.70) (16,325.97) -2.96% (1,070,465.20)
Net Rental Income 244,686.81 268,016.10 (23,329.29) -8.70% 1,537,592.60 1,580,272.30 (42,679.70) -2.70% 3,203,207.80
Other Income
5142 Furniture Income 80.00 0.00 80.00 100.00% 534.00 0.00 534.00 100.00% 0.00
5146 Relet Fee 500.00 250.00 250.00 100.00% 2,208.28 2,900.00 (691.72) -23.85% 4,900.00
5914 Vending Income 0.00 0.00 0.00 0.00% 115.55 0.00 115.55 100.00% 0.00
5920 Late Charge Income 2,047.00 2,000.00 47.00 2.35% 10,991.00 10,500.00 491.00 4.68% 19,500.00
5924 NSF Check Fee Income 150.00 100.00 50.00 50.00% 550.00 600.00 (50.00) -8.33% 1,200.00
5926 Administrative Fee 0.00 0.00 0.00 0.00% (720.00) 0.00 (720.00) -100.00% 0.00
5927 Resident Insurance Program 0.00 0.00 0.00 0.00% (36.00) 0.00 (36.00) -100.00% 0.00
5929 Hold Over Fee 247.19 0.00 247.19 100.00% 3,247.19 0.00 3,247.19 100.00% 0.00
5930 Resident Damages 0.00 0.00 0.00 0.00% 6,840.74 4,000.00 2,840.74 71.02% 5,500.00
5932 Cleaning Fee 0.00 0.00 0.00 0.00% (470.84) 2,000.00 (2,470.84) -123.54% 2,000.00
5950 Lease Termination Fees 0.00 0.00 0.00 0.00% 12,500.00 0.00 12,500.00 100.00% 0.00
5951 Application Fees 90.00 225.00 (135.00) -60.00% 180.00 1,350.00 (1,170.00) -86.67% 9,000.00
5952 Onetime Pet Fee Income 90.00 900.00 (810.00) -90.00% 9,210.00 10,200.00 (990.00) -9.71% 12,300.00
5953 Fines 0.00 250.00 (250.00) -100.00% 1,225.81 1,350.00 (124.19) -9.20% 2,850.00
5954 Replmnt Keys/Cards/Lock Outs 75.00 75.00 0.00 0.00% 270.00 500.00 (230.00) -46.00% 950.00
5956 Utility Income 24,815.50 37,100.00 (12,284.50) -33.11% 116,517.50 122,971.00 (6,453.50) -5.25% 241,771.00
5957 Transfer Fees 500.00 250.00 250.00 100.00% 650.00 1,250.00 (600.00) -48.00% 3,000.00
5964 Monthly Pet Rent Income 1,290.00 1,200.00 90.00 7.50% 8,200.00 7,050.00 1,150.00 16.31% 14,250.00
Total Other Income 29,884.69 42,350.00 (12,465.31) -29.43% 172,013.23 164,671.00 7,342.23 4.46% 317,221.00
Total Income 274,571.50 310,366.10 (35,794.60) -11.53% 1,709,605.83 1,744,943.30 (35,337.47) -2.03% 3,520,428.80
Controllable Expenses
Payroll Office

6091 Community Assistants 802.13 1,716.67 914.54 53.27% 6,323.72 11,300.02 4,976.30 44.04% 21,600.04

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 1 of 5