Page 68 - Property Summary Guardian Place 1 12 2022 Reduced File - With Cover Pages

GUARDIAN PLACE II
2022 OPERATING BUDGET

Entity #: 9611
Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 TOTAL
Utilities
6101.150.010 Electricity $5,552 $4,978 $6,018 $5,899 $6,796 $8,266 $8,854 $8,537 $8,303 $6,262 $11,058 $4,843 $85,364
6101.150.080 Water / Sewer $3,185 $2,991 $3,170 $3,196 $3,381 $3,900 $3,808 $3,768 $4,302 $3,992 $4,291 $3,570 $43,554
6101.150.030 Gas $2,515 $2,500 $2,225 $1,316 $414 $282 $119 $96 $118 $140 $453 $2,297 $12,473
Total Utilities $11,252 $10,469 $11,413 $10,411 $10,590 $12,448 $12,780 $12,400 $12,723 $10,394 $15,801 $10,710 $141,391
Administrative
6001.100.900 Salaries - Administrative $7,016 $7,016 $6,616 $7,216 $6,916 $7,016 $7,316 $7,468 $7,568 $7,568 $7,645 $7,145 $86,501
6010.900.112 Administrative - Benefits & Burdens $1,225 $1,222 $1,231 $1,207 $1,189 $1,216 $1,234 $1,243 $1,216 $1,252 $1,207 $1,189 $14,631
7101.100.430 Mail & Postage $90 $0 $0 $165 $0 $0 $90 $0 $0 $265 $0 $0 $610
7101.100.500 Legal Fees $250 $250 $50 $250 $800
8516.150.150 Land Rent - Ground Lease Exp. $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $45,600
6311.600.373 Tenant BackGround Checks $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $240
7101.100.420 Office Supplies $175 $175 $175 $175 $175 $175 $175 $175 $175 $175 $175 $175 $2,100
6201.750.802 Answering Service $110 $110 $110 $110 $110 $110 $110 $110 $110 $110 $110 $110 $1,320
7101.150.601 Telephone / Cell phones $225 $225 $225 $225 $225 $225 $225 $225 $225 $225 $225 $225 $2,700
7101.150.602 Internet service $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $900
7101.150.451 Equipment Lease / Copier $220 $220 $220 $220 $220 $220 $220 $220 $220 $220 $220 $220 $2,640
7101.100.472 Bank Charges $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $720
Total Administrative Expenses $13,016 $12,923 $12,782 $13,273 $12,790 $13,167 $13,325 $13,396 $13,519 $13,770 $13,537 $13,269 $158,762
Marketing
6001.600.900 Salaries - Marketing $3,410 $3,410 $3,010 $3,610 $3,310 $3,410 $3,710 $3,810 $3,910 $3,910 $3,992 $3,492 $42,984
6010.900.112 Marketing - Benefits & Burdens $841 $796 $805 $823 $805 $832 $850 $859 $832 $868 $823 $805 $9,939
6311.600.300 Materials - Brochures, letterhead, enevl. $500 $275 $125 $900
6311.600.332 Advertising - Internet/Magazine, ect. $805 $805 $805 $805 $805 $805 $1,505 $1,505 $1,525 $1,525 $1,525 $1,525 $13,940
6311.600.399 Referral Fees $500 $783 $500 $929 $500 $783 $500 $4,495
6201.750.804 Specisl Events / Entertainment - Tenants $475 $475 $475 $525 $475 $475 $475 $475 $525 $475 $475 $525 $5,850
Total Marketing $6,531 $5,486 $5,878 $6,038 $5,895 $5,647 $7,469 $6,649 $7,292 $7,561 $6,815 $6,847 $78,108
Miscellaneous
6104.365.256 Gas & Vehicle Maint. $60 $60 $60 $60 $60 $150 $60 $60 $60 $60 $150 $60 $900
6101.150.040 Cable TV Expense $1,220 $1,285 $1,285 $1,285 $1,285 $1,285 $1,285 $1,285 $1,285 $1,285 $1,285 $1,285 $15,355
Total Miscellaneous Expenses $1,280 $1,345 $1,345 $1,345 $1,345 $1,435 $1,345 $1,345 $1,345 $1,345 $1,435 $1,345 $16,255
Taxes, Insurance & Management Fees
6401.030.000 Real Estate Property Taxes $7,778 $7,778 $7,778 $7,778 $7,778 $7,778 $7,778 $7,778 $7,778 $7,778 $7,778 $7,778 $93,336
6401.010.000 Personal Property Taxes $0 $0 $0 $700 $550 $0 $0 $0 $0 $0 $0 $0 $1,250
7101.100.480 Licenses & Fees $173 $173 $173 $173 $173 $173 $173 $173 $173 $173 $173 $173 $2,076
6405.030.000 Insurance $5,131 $5,131 $5,131 $5,131 $5,131 $5,131 $5,131 $5,131 $5,131 $5,481 $5,481 $5,481 $62,622
6305.150.160 Management Fees $6,474 $6,561 $6,594 $6,586 $6,560 $6,561 $6,617 $6,632 $6,589 $6,671 $6,681 $6,688 $79,213
Total Taxes, Insurance & Managem $19,556 $19,643 $19,676 $20,368 $20,192 $19,643 $19,699 $19,714 $19,671 $20,103 $20,113 $20,120 $238,497

TOTAL OPERATING EXPENSES $66,970 $64,737 $71,291 $69,010 $65,483 $67,145 $69,872 $69,142 $70,154 $68,016 $73,650 $66,796 $822,266
NET OPERATING INCOME $40,924 $44,615 $38,606 $40,753 $43,855 $42,207 $40,414 $41,386 $39,661 $43,165 $37,701 $44,665 $497,952

Property Improvements
9040.300.920 PI - Carpets & Vinyl - Turnovers $37,750 $1,750 $500 $1,250 $1,750 $1,250 $500 $1,250 $1,250 $0 $1,250 $1,250 $49,750
9040.300.910 Pl - Carpet & Vinyl - occupied units $1,200 $776 $1,498 $500 $0 $500 $4,474
9040.300.910 PI - HVAC $17,220 $17,220
9040.300.920 PI - Furniture & Fixtures(Appliances) $1,600 $1,950 $1,350 $1,600 $1,950 $400 $1,950 $1,600 $1,350 $1,000 $1,950 $1,600 $18,300
9040.300.960 Capitalized Expenditures -$39,350 -$4,900 -$19,070 -$3,626 -$3,700 -$1,650 -$2,450 -$4,348 -$3,100 -$1,000 -$3,700 -$2,850 -$89,744
Total Property Improvements $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Page 2 GP II 2009 Budget