Page 40 - South Beach Exchange Management Proposal

Budget Comparison-Commercial

Account Name MTD Actual MTD Budget MTD $ Var. YTD Actual YTD Budget YTD $ Var. Annual Budget

Cleaning Supplies 0.00 50.00 50.00 0.00 150.00 150.00 600.00

Plumbing 0.00 0.00 0.00 -232.80 0.00 232.80 0.00
HVAC-Maintenance 0.00 666.67 666.67 910.27 2,000.01 1,089.74 8,000.00
HVAC-Replacement 0.00 2,400.00 2,400.00 0.00 7,200.00 7,200.00 28,800.00

Elevator Inspection & Repair 0.00 250.00 250.00 142.50 750.00 607.50 3,000.00
Grounds Maintenance 6,569.00 1,200.00 -5,369.00 9,569.00 3,600.00 -5,969.00 14,400.00

Ground Supplies 0.00 416.67 416.67 0.00 1,250.01 1,250.01 5,000.00
Management Fees 2,970.70 2,725.00 -245.70 9,029.23 8,175.00 -854.23 32,700.00
Leasing Fees 0.00 2,000.00 2,000.00 2,106.37 6,000.00 3,893.63 24,000.00

Security Service 0.00 40.00 40.00 0.00 120.00 120.00 480.00
Insurance 0.00 8,327.59 8,327.59 0.00 24,982.77 24,982.77 99,931.00

Real Estate Taxes 0.00 7,683.34 7,683.34 0.00 23,050.02 23,050.02 92,200.00
Pest & Termite Services 0.00 184.34 184.34 318.00 553.02 235.02 2,212.00

Termite Bond 0.00 475.00 475.00 0.00 1,425.00 1,425.00 5,700.00
Electricity 1,108.07 1,800.00 691.93 3,652.61 5,400.00 1,747.39 21,600.00
Telephone 26.18 27.00 0.82 78.54 81.00 2.46 324.00

Water and Sewer 519.59 900.00 380.41 1,560.77 2,700.00 1,139.23 10,800.00
Irrigation 0.00 175.00 175.00 0.00 525.00 525.00 2,100.00

Trash Disposal 993.86 635.00 -358.86 2,990.74 1,905.00 -1,085.74 7,620.00
Total Operating Expenses: 13,689.64 32,105.61 18,415.97 52,500.29 96,316.83 43,816.54 385,267.00

General and Administrative
Expenses:

Office Supplies 46.56 20.00 -26.56 46.56 60.00 13.44 240.00
Postage & Delivery 14.40 20.00 5.60 14.40 60.00 45.60 240.00
Legal and Accounting 0.00 333.34 333.34 0.00 1,000.02 1,000.02 4,000.00

Business License 0.00 180.84 180.84 0.00 542.52 542.52 2,170.00
Total General and 60.96 554.18 493.22 60.96 1,662.54 1,601.58 6,650.00
Administrative Expenses:
Non-Operating Expense:

Capital Improvements 0.00 22,423.09 22,423.09 0.00 67,269.27 67,269.27 269,077.00
Management/Consulting Fee 10,000.00 10,000.00 0.00 30,000.00 30,000.00 0.00 120,000.00
Total Non-Operating 10,000.00 32,423.09 22,423.09 30,000.00 97,269.27 67,269.27 389,077.00
Expense:
Debt Expense:

Mortgage Interest 9,532.63 0.00 -9,532.63 29,584.35 0.00 -29,584.35 0.00

Created on 04/12/2023 Page 2