Pre-Effective Amendment to Registration Statement for Securities of a Real Estate Company — Form S-11
Filing Table of Contents
Document/Exhibit Description Pages Size
1: S-11/A Pre-Effective Amendment to Registration Statement 259 1.12M
for Securities of a Real Estate Company
2: EX-1.1 Underwriting Agreement 22 82K
3: EX-3.1 Articles of Incorporation/Organization or By-Laws 54 245K
4: EX-5.1 Opinion re: Legality 2 16K
5: EX-8.1 Opinion re: Tax Matters 3 21K
6: EX-10.1 Material Contract 16 69K
14: EX-10.10 Material Contract 31± 178K
15: EX-10.11 Material Contract 20 163K
16: EX-10.13 Material Contract 5 27K
17: EX-10.14 Material Contract 72 372K
18: EX-10.15 Material Contract 61 336K
7: EX-10.2 Material Contract 10 43K
19: EX-10.23 Material Contract 34 106K
20: EX-10.24 Material Contract 1 12K
21: EX-10.25 Material Contract 35 112K
22: EX-10.26 Material Contract 1 13K
23: EX-10.27 Material Contract 2 16K
24: EX-10.28 Material Contract 4 27K
25: EX-10.29 Material Contract 3 19K
8: EX-10.3 Material Contract 9 39K
26: EX-10.30 Material Contract 26 91K
27: EX-10.31 Material Contract 1 12K
28: EX-10.32 Material Contract 2 15K
29: EX-10.33 Material Contract 3 17K
30: EX-10.34 Material Contract 2 15K
31: EX-10.35 Material Contract 1 12K
9: EX-10.4 Material Contract 3 17K
10: EX-10.5 Material Contract 13 65K
11: EX-10.7 Material Contract 18 63K
12: EX-10.8 Material Contract 5 32K
13: EX-10.9 Material Contract 19 151K
32: EX-23.1 Consent of Experts or Counsel 2± 14K
33: EX-99 Miscellaneous Exhibit 12 50K
EX-10.9 — Material Contract
| EX-10.9 | 1st Page of 19 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
|---|
Exhibit 10.9
PINNACLE ALDERWOOD PARK APARTMENTS PINNACLE
OPERATING BUDGET
188 APARTMENTS - STABILIZED BUDGET
PROPERTY: ALDERWOOD PARK
BUDGET FOR
YEAR ENDING 2003
DATE: 08-02
REVISION
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MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6
RENTAL REVENUE:
Rent Per Schedule 153,820 153,820 153,820 153,820 153,820 153,820
Loss To Lease -14924 -14924 -14924 -14577 -14229 -13880
GROSS RENTS 138,896 138,896 138,896 139,243 139,591 139,940
VACANCY LOSS -13,890 -12,501 -11,112 -9,747 -9,073 -8,396
BAD DEBT EXPENSE -694 -694 -694 -696 -698 -700
RENT CREDITS -7,896 -7,896 -6,580 -7,050 -7,990 -7,520
------- ------- ------- ------- ------- -------
RENT COLLECTIONS 116,416 117,805 120,510 121,750 121,830 123,324
------- ------- ------- ------- ------- -------
PERCENT OF TOTAL GROSS SCHEDULED
COLLECTED 83.82% 84.82% 86.76% 87.44% 87.28% 88.13%
OTHER REVENUE:
FORFEITED DEPOSITS 2087 2087 2087 2087 2435 2782
NON-REFUNDABLE FEES 1974 1974 1974 2115 2397 2256
LAUNDRY 0 0 0 0 0 0
CARPORTS 0 0 0 0 0 0
GARAGES 0 0 0 0 0 0
LATE FEES 761 770 778 787 791 795
NSF FEES 74 75 76 76 77 77
TENANT SCREENING 0 0 0 0 0 0
BAD DEBT RECOVERY 360 360 360 360 360 360
UTILITY FEES 5900 5900 6000 6100 6220 6220
MISCELLANEOUS 1687 1687 1687 1687 1687 1687
------- ------- ------- ------- ------- -------
TOTAL OTHER COLLECTION 12843 12853 12962 13212 13967 14178
------- ------- ------- ------- ------- -------
TOTAL COLLECTIONS 129259 130657 133472 134962 135796 137502
------- ------- ------- ------- ------- -------
DIFFERENCE BETWEEN PHYSICAL
AND ECONOMIC VACANCY 6.18% 6.18% 5.24% 5.56% 6.22% 5.87%
ANNUAL
MONTH 7 MONTH 8 MONTH 9 MONTH 10 MONTH 11 MONTH 12 TOTALS
RENTAL REVENUE:
Rent Per Schedule 153,820 153,820 153,820 153,820 153,820 153,820 1,845,840
Loss To Lease -13297 -12711 -12123 -11533 -10940 -10345 -158405
GROSS RENTS 140,523 141,109 141,697 142,287 142,880 143,475 1687435 3110
VACANCY LOSS -8,431 -8,467 -8,502 -8,537 -8,573 -8,609 -115837 3130
BAD DEBT EXPENSE -703 -706 -708 -711 -714 -717 -8437 3250
RENT CREDITS -7,520 -7,520 -5,640 -4,700 -4,700 -4,700 -79712 3304
------- ------- ------- ------- ------- ------- ---------
RENT COLLECTIONS 123,869 124,417 126,847 128,339 128,893 129,450 1,483,449 3460
------- ------- ------- ------- ------- ------- ---------
PERCENT OF TOTAL GROSS SCHEDULED
COLLECTED 88.15% 88.17% 89.52% 90.20% 90.21% 90.22% 87.91%
OTHER REVENUE:
FORFEITED DEPOSITS 2782 2782 2782 2087 1739 1739 27476 3502
NON-REFUNDABLE FEES 2256 2256 1692 1410 1410 1410 23124 3512
LAUNDRY 0 0 0 0 0 0 0 3520
CARPORTS 0 0 0 0 0 0 0 3532
GARAGES 0 0 0 0 0 0 0
LATE FEES 795 795 795 795 795 795 9454 3540
NSF FEES 77 77 77 77 77 77 919 3550
TENANT SCREENING 0 0 0 0 0 0 0
BAD DEBT RECOVERY 360 360 360 360 360 360 4320 3570
UTILITY FEES 6220 6220 6220 6220 6220 6220 73660
MISCELLANEOUS 1687 1687 1687 1687 1687 1687 20244 3600
------- ------- ------- ------- ------- ------- ---------
TOTAL OTHER COLLECTION 14178 14178 13614 12636 12289 12289 159,197 3650
------- ------- ------- ------- ------- ------- ---------
TOTAL COLLECTIONS 138047 138595 140461 140975 141181 141738 1,642,646 3700
------- ------- ------- ------- ------- ------- ---------
DIFFERENCE BETWEEN PHYSICAL
AND ECONOMIC VACANCY 5.85% 5.83% 4.48% 3.80% 3.79% 3.78% 5.21%
1
ALDERWOOD PAGE 2
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YEAR ENDING 2002 MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7
ADMINISTRATIVE EXPENSES:
ADMINISTRATIVE LABOR 6150 6150 6150 6150 6150 6150 6150
ADMIN. PAYROLL TAXES & 2572 2572 2572 2572 2572 2572 2572
ACCOUNTING 220 220 220 220 220 220 220
BANK CHARGES 0 0 0 0 0 0 0
CHARITABLE CONTRIBUTI 0 0 0 0 0 0 0
DUES AND SUBSCRIPTIONS 0 0 0 0 0 0 0
FURNISHED SUITES 0 0 0 0 0 0 0
FURNITURE RENTAL 0 0 0 0 0 0 0
LEGAL 117 117 117 117 117 117 117
TRAINING AND EDUCATIO 50 50 50 50 50 50 50
MANAGEMENT FEE 4524 4573 4672 4724 4753 4813 4832
OFFICE EQUIPMENT 20 20 20 20 20 20 20
OFFICE SUPPLIES 219 219 219 219 219 219 219
SHIPPING AND DELIVERY 40 40 40 40 40 40 40
TELEPHONE 525 525 525 525 525 525 525
OTHER ADMIN. 30 30 30 30 30 30 30
------- ------- ------- ------- ------- ------- -------
TOTAL ADMINISTRATION 14467 14516 14615 14667 14696 14756 14775
MARKETING AND RETENTION EXPENSES:
ADVERTISING 1650 1400 1650 1400 1400 1650 1400
PROMOTIONS 259 259 259 314 331 350 343
DESIGN SERVICES 0 0 0 0 0 0 0
LEASING 461 461 461 494 559 526 526
REFERRALS 400 400 400 400 400 400 400
TENANT SCREENING 0 0 0 0 0 0 0
COLLATERAL SUPPLIES 0 0 0 300 0 0 0
------- ------- ------- ------- ------- ------- -------
TOTAL MARKETING AND RE 2769 2519 2769 2907 2690 2926 2669
ANNUAL % OF
YEAR ENDING 2002 MONTH 8 MONTH 9 MONTH 10 MONTH 11 MONTH 12 TOTALS TOT. RE
ADMINISTRATIVE EXPENSES:
ADMINISTRATIVE LABOR 6150 6150 6150 6150 6150 73800 4.49%
ADMIN. PAYROLL TAXES & 2572 2572 2572 2572 2572 30869 1.88%
ACCOUNTING 20 20 20 20 20 1640 0.10%
BANK CHARGES 0 0 0 0 0 0 0.00%
CHARITABLE CONTRIBUTI 0 0 0 0 0 0 0.00%
DUES AND SUBSCRIPTIONS 0 0 0 0 0 0 0.00%
FURNISHED SUITES 0 0 0 0 0 0 0.00%
FURNITURE RENTAL 0 0 0 0 0 0 0.00%
LEGAL 117 117 117 117 117 1404 0.09%
TRAINING AND EDUCATIO 0 0 40 0 0 390 0.02%
MANAGEMENT FEE 4851 4916 4934 4941 4961 57493 3.50%
OFFICE EQUIPMENT 20 20 20 20 20 240 0.01%
OFFICE SUPPLIES 219 219 219 219 219 2628 0.16%
SHIPPING AND DELIVERY 40 40 40 40 40 480 0.03%
TELEPHONE 525 525 525 525 525 6300 0.38%
OTHER ADMIN. 30 30 30 30 30 360 0.02%
------- ------- -------- -------- -------- ------ --------
TOTAL ADMINISTRATION 14544 14610 14668 14635 14654 175603 10.69%
MARKETING AND RETENTION EXPENSES:
ADVERTISING 1400 1650 1400 1400 1400 17800 1.08%
PROMOTIONS 343 343 290 266 266 3619 0.22%
DESIGN SERVICES 0 0 0 0 0 0 0.00%
LEASING 526 395 329 329 329 5396 0.33%
REFERRALS 400 400 400 400 400 4800 0.29%
TENANT SCREENING 0 0 0 0 0 0 0.00%
COLLATERAL SUPPLIES 0 0 0 0 0 300 0.02%
------- ------- -------- -------- -------- ------ --------
TOTAL MARKETING AND RE 2669 2788 2419 2395 2395 31915 1.94%
2
ALDERWOOD PAGE 3
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YEAR ENDING 2003 MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7
REPAIRS AND MAINTENANCE EXPENSES:
R & M LABOR 4200 4200 4200 4200 4200 4200 4200
R & M PAYROLL TAXES A 1141 1141 1141 1141 1141 1141 1141
R & M SUPPLIES 600 600 600 600 600 600 600
R & M SERVICES 842 842 842 842 842 842 842
ELEVATOR 0 0 0 0 0 0 0
LANDSCAPE PAYROLL 0 0 0 0 0 650 650
LANDSCAPE PAYROLL TA 0 0 0 0 0 89 89
LANDSCAPE SERVICES 2412 2162 2162 2512 2162 2512 2162
LANDSCAPE SUPPLIES 0 0 0 0 0 0 0
POOLS AND FOUNTAINS 135 135 135 135 785 485 135
SECURITY PAYROLL 0 0 0 0 0 0 0
SECURITY PAYROLL TAXE 0 0 0 0 0 0 0
SECURITY SUPPLIES 0 0 0 0 0 0 0
SECURITY SERVICES 0 0 350 0 0 0 0
VEHICLE EXPENSE 75 75 75 75 75 75 75
------- ------- ------- ------- ------- ------- -------
TOTAL REPAIRS AND MAINT 9405 9155 9505 9505 9805 10594 9894
TURNOVER MAINTENANCE EXPENSES:
TURNOVER SUPPLIES 823 823 823 823 961 1098 1098
TURNOVER SERVICES 1993 1993 1993 1993 2500 3007 3007
TURNOVER UTILITIES 564 508 451 395 367 338 338
------- ------- ------- ------- ------- ------- -------
TOTAL TURNOVER MAINT. 3380 3324 3267 3211 3827 4443 4443
ANNUAL % OF
YEAR ENDING 2003 MONTH 8 MONTH 9 MONTH 10 MONTH 11 MONTH 12 TOTALS TOT. RE
REPAIRS AND MAINTENANCE EXPENSES:
R & M LABOR 4200 4200 4200 4200 4200 50400 3.07%
R & M PAYROLL TAXES A 1141 1141 1141 1141 1141 13693 0.83%
R & M SUPPLIES 600 600 600 600 600 7200 0.44%
R & M SERVICES 842 842 842 842 842 10104 0.62%
ELEVATOR 0 0 0 0 0 0 0.00%
LANDSCAPE PAYROLL 650 650 0 0 0 2600 0.16%
LANDSCAPE PAYROLL TA 89 89 0 0 0 357 0.02%
LANDSCAPE SERVICES 2162 2512 2162 2162 2162 27244 1.66%
LANDSCAPE SUPPLIES 0 0 0 0 0 0 0.00%
POOLS AND FOUNTAINS 135 135 135 135 135 2620 0.16%
SECURITY PAYROLL 0 0 0 0 0 0 0.00%
SECURITY PAYROLL TAXE 0 0 0 0 0 0 0.00%
SECURITY SUPPLIES 0 0 0 0 0 0 0.00%
SECURITY SERVICES 0 0 0 0 0 350 0.02%
VEHICLE EXPENSE 75 75 75 75 75 900 0.05%
------- ------- -------- -------- -------- ------ --------
TOTAL REPAIRS AND MAINT 9894 10244 9155 9155 9155 115468 7.03%
TURNOVER MAINTENANCE EXPENSES:
TURNOVER SUPPLIES 1098 1098 823 686 686 10842 0.66%
TURNOVER SERVICES 3007 3007 1993 1486 1486 27463 1.67%
TURNOVER UTILITIES 338 338 338 338 338 4653 0.28%
------- ------- -------- -------- -------- ------ --------
TOTAL TURNOVER MAINT. 4443 4443 3155 2510 2510 42958 2.62%
3
ALDERWOOD PAGE 4
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YEAR ENDING 2003 MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7
UTILITY EXPENSE:
ELECTRICITY 950 875 875 800 785 785 725
WATER 4614 0 4614 0 4614 0 4614
SEWER 7547 0 7547 0 7547 0 7547
WASTE REMOVAL 2535 2535 2535 2535 2535 2535 2535
NATURAL GAS 0 0 0 0 0 0 0
CABLE/SATELLITE TV 0 0 0 0 0 0 0
---------- ---------- ---------- ---------- ---------- ---------- ----------
TOTAL UTILITIES 15646 3410 15571 3335 15481 3320 15421
TAXES & INSURANCE EXPENSES:
REAL PROPERTY TAXES 11010 11010 11010 11010 11010 11010 11010
PERSONAL PROPERTY TAX 0 0 0 0 0 0 0
MIP INSURANCE 0 0 0 0 0 0 0
LIABILITY AND CASUALTY 2599 2599 2599 2599 2599 2599 2599
SALES TAXES 0 0 0 0 0 0 0
PROPERTY ASSESSMENTS 0 0 0 0 0 0 0
---------- ---------- ---------- ---------- ---------- ---------- ----------
TOTAL TAX & INSURANCE 13609 13609 13609 13609 13609 13609 13609
---------- ---------- ---------- ---------- ---------- ---------- ----------
TOTAL EXPENSES 59277 46534 59337 47234 60109 49649 60812
---------- ---------- ---------- ---------- ---------- ---------- ----------
NET OPERATING INCOME $ 69,982 $ 84,124 $ 74,135 $ 87,728 $ 75,688 $ 87,853 $ 77,235
========== ========== ========== ========== ========== ========== ==========
ANNUAL % OF
YEAR ENDING 2003 MONTH 8 MONTH 9 MONTH 10 MONTH 11 MONTH 12 TOTALS TOT. RE
UTILITY EXPENSE:
ELECTRICITY 725 725 800 875 950 9870 0.60%
WATER 0 4614 0 4614 0 27684 1.69%
SEWER 0 7547 0 7547 0 45282 2.76%
WASTE REMOVAL 2535 2535 2535 2535 2535 30420 1.85%
NATURAL GAS 0 0 0 0 0 0 0.00%
CABLE/SATELLITE TV 0 0 0 0 0 0 0.00%
---------- ---------- ---------- ---------- ---------- ----------- ----------
TOTAL UTILITIES 3260 15421 3335 15571 3485 113256 6.89%
TAXES & INSURANCE EXPENSES:
REAL PROPERTY TAXES 11010 11010 11010 11010 11010 132120 8.04%
PERSONAL PROPERTY TAX 0 0 0 0 0 0 0.00%
MIP INSURANCE 0 0 0 0 0 0
LIABILITY AND CASUALTY 2599 2599 2599 2599 2599 31188 1.90%
SALES TAXES 0 0 0 0 0 0 0.00%
PROPERTY ASSESSMENTS 0 0 0 0 0 0 0.00%
---------- ---------- ---------- ---------- ---------- ----------- ----------
TOTAL TAX & INSURANCE 13609 13609 13609 13609 13609 163308 9.94%
---------- ---------- ---------- ---------- ---------- ----------- ----------
TOTAL EXPENSES 48420 61115 46340 57875 45808 642509 39.11%
---------- ---------- ---------- ---------- ---------- ----------- ----------
NET OPERATING INCOME $ 90,175 $ 79,346 $ 94,635 $ 83,307 $ 95,930 $ 1,000,137 60.89%
========== ========== ========== ========== ========== =========== ==========
4
ALDERWOOD PAGE 5
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YEAR ENDING 2003 MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7
PROPERTY REPLACEMENTS
APPLIANCE REPLACEMENT 400 400 400 400 400 400 400
Capital Reimbursement 0 0 0 0 0 0 0
BUILDING IMPROVEMENT 0 0 0 0 0 1500 1500
CARPET/VINYL REPLACEM 2679 2679 2679 2679 3126 3572 3572
DRAPE/BLIND REPLACEME 152 152 152 152 178 203 203
EQUIPMENT PURCHASE 0 0 0 0 0 0 0
FURNITURE PURCHASE 0 0 0 0 0 0 0
CLUBHOUSE REHAB 0 0 1000 0 0 0 0
LAND IMPROVEMENTS 0 0 0 0 0 0 0
LANDSCAPE IMPROVEMEN 0 0 0 0 0 0 0
DOORS / GLASS / HARDWA 0 0 0 0 0 0 0
PERMANENT SIGNAGE 0 0 0 0 0 0 0
---------- ---------- ---------- ---------- ---------- ---------- ----------
TOTAL CAPITAL IMPROVEM 3231 3231 4231 3231 3703 5675 5675
---------- ---------- ---------- ---------- ---------- ---------- ----------
CASH FLOW AFTER CAPITAL $ 66,751 $ 80,892 $ 69,904 $ 84,496 $ 71,985 $ 82,178 $ 71,560
---------- ---------- ---------- ---------- ---------- ---------- ----------
DEBT SERVICE
DEBT SERVICE - 1ST 0 0 0 0 0 0 0
DEBT SERVICE - 2ND 0 0 0 0 0 0 0
---------- ---------- ---------- ---------- ---------- ---------- ----------
TOTAL DEBT SERVICE 0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
---------- ---------- ---------- ---------- ---------- ---------- ----------
OPERATING CASH FLOW 66751 80892 69904 84496 71985 82178 71560
========== ========== ========== ========== ========== ========== ==========
ANNUAL % OF
YEAR ENDING 2003 MONTH 8 MONTH 9 MONTH 10 MONTH 11 MONTH 12 TOTALS TOT. RE
PROPERTY REPLACEMENTS
APPLIANCE REPLACEMENT 400 400 400 400 400 4800 0.29%
Capital Reimbursement 0 0 0 0 0 0
BUILDING IMPROVEMENT 0 0 0 0 0 3000 0.18%
CARPET/VINYL REPLACEM 3572 3572 2679 2233 2233 35274 2.15%
DRAPE/BLIND REPLACEME 203 203 152 127 127 2005 0.12%
EQUIPMENT PURCHASE 0 0 0 0 0 0 0.00%
FURNITURE PURCHASE 0 0 0 0 0 0 0.00%
CLUBHOUSE REHAB 0 0 0 0 0 1000 0.06%
LAND IMPROVEMENTS 0 0 0 0 0 0 0.00%
LANDSCAPE IMPROVEMEN 0 0 0 0 0 0 0.00%
DOORS / GLASS / HARDWA 0 0 0 0 0 0 0.00%
PERMANENT SIGNAGE 0 0 0 0 0 0 0.00%
---------- ---------- ---------- ---------- ---------- ---------- ----------
TOTAL CAPITAL IMPROVEM 4175 4175 3231 2759 2759 46079 2.81%
---------- ---------- ---------- ---------- ---------- ---------- ----------
CASH FLOW AFTER CAPITAL $ 86,000 $ 75,171 $ 91,404 $ 80,548 $ 93,171 $ 954,059 58.08%
---------- ---------- ---------- ---------- ---------- ---------- ----------
DEBT SERVICE
DEBT SERVICE - 1ST 0 0 0 0 0 0 0.00%
DEBT SERVICE - 2ND 0 0 0 0 0 0 0.00%
---------- ---------- ---------- ---------- ---------- ---------- ----------
TOTAL DEBT SERVICE 0 0 0 0 0 0 0.00%
0 0 0 0 0 0 0.00%
0 0 0 0 0 0 0.00%
---------- ---------- ---------- ---------- ---------- ---------- ----------
OPERATING CASH FLOW 86000 75171 91404 80548 93171 954059 58.08%
========== ========== ========== ========== ========== ========== ==========
THIS INFORMATION IS A PROJECTION OF INCOME AND EXPENSES BASED UPON AN EVALUATION
OF CURRENT MARKET CONDITIONS. IT MAY BE SUBJECT TO ERROR AND OMISSION. THIS
INFORMATION IS VULNERABLE TO ADVERSE CHANGES IN MARKET CONDITIONS AND
OPERATIONAL EXPENSES WHICH ARE NOT PREDICTED HEREIN. THIS BUDGET SHOULD ONLY BE
A PLANNING AND MANAGERIAL TOOL. IT SHOULD NOT BE TAKEN AS A GUARANTEE OR
WARRANTY AND THE ACCURACY HEREIN IS SPECIFICALLY DISCLAIMED FOR SUCH PURPOSE.
5
ALDERWOOD PARK
YEAR ENDING 2003
PERFORMANCE REVIEW
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1ST 6 MONTHS 2ND 6 MONTHS FOR THE TWELVE
OF BUDGET OF BUDGET MONTHS ENDING
ANNUALIZED EXPENSE PER $ 3,427 $ 3,408 $ 3,418
=============== =============== ===============
VARIABLE EXP. $ 319 $ 1,947
FIXED EXP. $ 311 $ 1,471
ANNUALIZED EXPENSES AS
A PERCENTAGE OF INCOME 40.18% 38.09% 39.11%
=============== =============== ===============
ANNUALIZED NO 959,019 1,041,256 1,000,137
=============== =============== ===============
6
BUDGET VARIABLE SECTION
ALDERWOOD FOR PAGE 1
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YEAR ENDING 2003
RENTAL REV. BUDGET VARI MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7
* OCCUPANCY PERCENTAGE 90.0% 91.0% 92.0% 93.0% 93.5% 94.0% 94.0%
UNITS OCCUPIED 169 171 173 175 176 177 177
UNITS VACANT 19 17 15 13 12 11 11
* TURNOVER PERCENT, 188 6% 6% 6% 6% 7% 8% 8%
UNITS TURNED OVER 11 11 11 11 13 15 15
13 13 13 14 16 15
NET ABSORB. BY 1ST OF FOL 2 2 2 1 1 0 0
* BAD DEBT EXPENSE 0.50% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%
* ANNUALIZED % INCREASE PI 0.00% 0.00% 0.00% 3.00% 3.00% 3.00% 5.00%
YEAR ENDING 2003 ANNUAL % OF
RENTAL REV. BUDGET VARI MONTH 8 MONTH 9 MONTH 10 MONTH 11 MONTH 12 TOTALS TOT. RE
* OCCUPANCY PERCENTAGE 94.0% 94.0% 94.0% 94.0% 94.0% 93.13% (AVERA
UNITS OCCUPIED 177 177 177 177 177 175 (AVERA
UNITS VACANT 11 11 11 11 11 13 (AVERA
* TURNOVER PERCENT, 188 8% 8% 6% 5% 5% 79% (TOTAL)
UNITS TURNED OVER 15 15 11 9 9 149 (TOTAL)
15 11 9 ? ? (TOTAL)
NET ABSORB. BY 1ST OF FOL 0 0 0 0 0 8 (TOTAL)
* BAD DEBT EXPENSE 0.50% 0.50% 0.50% 0.50% 0.50% 0.50% (AVERA
* ANNUALIZED % INCREASE PI 5.00% 5.00% 5.00% 5.00% 5.00% 3.25% (AVERA
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# OF SQ. UNIT
UNITS FT. RENT
* RENT - ST - 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
* AVE RENT-1/ 84 640 $ 660 $ 660 $ 660 $ 662 $ 663 $ 665
* AVE RENT-1/ 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
* AVE RENT-1/ 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
* AVE RENT-2/ 32 820 $ 790 $ 790 $ 790 $ 792 $ 794 $ 796
* AVE RENT-2/ 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
* AVE RENT-2/ 72 880 $ 808 $ 808 $ 808 $ 810 $ 812 $ 814
* AVE RENT-3/ 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
188
RENTAL REVENUE KEY IN ITEMS:
* MODEL RENT CREDITS 0 0 0 0 0 0
(CUMULATIVE NEG. TOTAL RENT OF
ALL MODELS)
# OF SQ.
UNITS FT.
* RENT - ST - 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 (AVERA
* AVE RENT-1/ 84 640 $ 668 $ 671 $ 673 $ 676 $ 679 $ 682 $ 668 (AVERA
* AVE RENT-1/ 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 (AVERA
* AVE RENT-1/ 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 (AVERA
* AVE RENT-2/ 32 820 $ 799 $ 803 $ 806 $ 809 $ 813 $ 816 $ 800 (AVERA
* AVE RENT-2/ 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 (AVERA
* AVE RENT-2/ 72 880 $ 817 $ 821 $ 824 $ 828 $ 831 $ 835 $ 818 (AVERA
* AVE RENT-3/ 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 (AVERA
188
RENTAL REVENUE KEY IN ITEMS:
* MODEL RENT CREDITS 0 0 0 0 0 0
(CUMULATIVE NEG. TOTAL RENT OF
ALL MODELS)
7
ALDERWOOD FOR PAGE 1
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YEAR ENDING 2003
OTHER REVENUE BUDGET V MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7 MONTH 8
* AVE. FOR S.D.S, PER UNIT TU $ 135.00 $ 135.00 $ 135.00 $ 135.00 $ 135.00 $ 135.00 $ 135.00 $ 135.00
* AVE. FOR PET DEPOSITS PER $ 50.00 $ 50.00 $ 50.00 $ 50.00 $ 50.00 $ 50.00 $ 50.00 $ 50.00
* NON-REF ADMIN. FEES PER U $ 125.00 $ 125.00 $ 125.00 $ 125.00 $ 125.00 $ 125.00 $ 125.00 $ 125.00
* NON-REF CLEANING FEES PE $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
* NON-REF PET FEES PER UNIT $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00
* TRANSFER FEES PER MONTH $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
* LAUNDRY PER OCCUPIED UN $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
* CARPORT PER MONTH 0 0 0 0 0 0 0 0 0
* 0 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
LATE CHARGES
* PERCENTAGE OF OCCUP. UNO 18.00% 18.00% 18.00% 18.00% 18.00% 18.00% 18.00% 18.00%
LATE CHARGES PER MONTH $ 761.40 $ 769.86 $ 778.32 $ 786.78 $ 791.01 $ 795.24 $ 795.24 $ 795.24
NSF FEE
* PERCENTAGE OF OCCUP. UN 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75% 1.75%
* NSF FEE CHARGED $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00
NSF FEES PER MONTH $ 74.03 $ 74.85 $ 75.67 $ 76.49 $ 76.90 $ 77.32 $ 77.32 $ 77.32
* TENANT SCREENING- PER A $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
* BAD DEBT RECOVERY PER M $ 360.00 $ 360.00 $ 360.00 $ 360.00 $ 360.00 $ 360.00 $ 360.00 $ 360.00
* VENDING PER MONTH $ 2.00 $ 2.00 $ 2.00 $ 2.00 $ 2.00 $ 2.00 $ 2.00 $ 2.00
* PAY PHONE PER MONTH $ 410.00 $ 410.00 $ 410.00 $ 410.00 $ 410.00 $ 410.00 $ 410.00 $ 410.00
* TANNING BED PER MONTH $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
* FURNITURE RENTAL INC. PE $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
* INTEREST PER MONTH $ 75.00 $ 75.00 $ 75.00 $ 75.00 $ 75.00 $ 75.00 $ 75.00 $ 75.00
* CABANA RENTAL PER MONT $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
* UTILITY FEES PER MONTH $ 5,900.00 $ 5,900.00 $ 6,000.00 $ 6,100.00 $ 6,220.00 $ 6,220.00 $ 6,220.00 $ 6,220.00
* INSURANCE RECOVERY PER $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
* STORAGE $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
* OTHER PER MONTH $ 1,200.00 $ 1,200.00 $ 1,200.00 $ 1,200.00 $ 1,200.00 $ 1,200.00 $ 1,200.00 $ 1,200.00
YEAR ENDING 2003
OTHER REVENUE BUDGET V. MONTH 9 MONTH 10 MONTH 11 MONTH 12
* AVE. FOR S.D.S, PER UNIT TU $ 135.00 $ 135.00 $ 135.00 $ 135.00 XX
* AVE. FOR PET DEPOSITS PER $ 50.00 $ 50.00 $ 50.00 $ 50.00 XX
* NON-REF ADMIN. FEES PER U $ 125.00 $ 125.00 $ 125.00 $ 125.00 XX
* NON-REF CLEANING FEES PE $ 0.00 $ 0.00 $ 0.00 $ 0.00 XX
* NON-REF PET FEES PER UNIT $ 25.00 $ 25.00 $ 25.00 $ 25.00 XX
* TRANSFER FEES PER MONTH $ 0.00 $ 0.00 $ 0.00 $ 0.00 XX
* LAUNDRY PER OCCUPIED UN $ 0.00 $ 0.00 $ 0.00 $ 0.00 XX
* CARPORT PER MONTH 0 0 0 0 0 XX
* $ 0.00 $ 0.00 $ 0.00 $ 0.00 XX
XX
* PERCENTAGE OF OCCUP. UN 18.00% 18.00% 18.00% 18.00% XX
LATE CHARGES PER MONTH $ 795.24 $ 795.24 $ 795.24 $ 795.24 XX
NSF FEE XX
* PERCENTAGE OF OCCUP. UN 1.75% 1.75% 1.75% 1.75% XX
* NSF FEE CHARGED $ 25.00 $ 25.00 $ 25.00 $ 25.00 XX
NSF FEES PER MONTH $ 77.32 $ 77.32 $ 77.32 $ 77.32 XX
* TENANT SCREENING- PER A $ 0.00 $ 0.00 $ 0.00 $ 0.00 XX
* BAD DEBT RECOVERY PER M $ 360.00 $ 360.00 $ 360.00 $ 360.00 XX
* VENDING PER MONTH $ 2.00 $ 2.00 $ 2.00 $ 2.00 XX
* PAY PHONE PER MONTH $ 410.00 $ 410.00 $ 410.00 $ 410.00 XX
* TANNING BED PER MONTH $ 0.00 $ 0.00 $ 0.00 $ 0.00 XX
* FURNITURE RENTAL INC. PE $ 0.00 $ 0.00 $ 0.00 $ 0.00 XX
* INTEREST PER MONTH $ 75.00 $ 75.00 $ 75.00 $ 75.00 XX
* CABANA RENTAL PER MONT $ 0.00 $ 0.00 $ 0.00 $ 0.00 XX
* UTILITY FEES PER MONTH $ 6,220.00 $ 6,220.00 $ 6,220.00 $ 6,220.00 XX
* INSURANCE RECOVERY PER $ 0.00 $ 0.00 $ 0.00 $ 0.00 XX
* STORAGE $ 0.00 $ 0.00 $ 0.00 $ 0.00 XX
* OTHER PER MONTH $ 1,200.00 $ 1,200.00 $ 1,200.00 $ 1,200.00 XX
8
ALDERWOOD FOR ALL PAYROLL SUPPORT AND PAGE 2 (ADMIN.)
FOR THE YEAR 2003
EXPENSE BUDGET VARIABLES
TYPICAL PAYROLL MONTH
[Enlarge/Download Table]
ADMINISTRATIVE PAYROLL R & M PAYROLL
---------------------------------------------------------- ----------------------
ASST. LEAD HSE
MANAGER MANAGER LEASING LEASING LEASING MAINT. KEEP
* CASH COMPENSATION 3350 1850 950 0 0 2500 0
* TOTAL RENT ALLOWANCE 0 0 0 0 0 0 0
* TOTAL UTILITY ALLOWANCE 0 0 0 0 0 0 0
----------------------------------------------------------------------------------
TOTAL MONTHLY COMPENS 3350 1850 950 0 0 2500 0
========== ========== ========== ========== ========== ========== ==========
$ 19.34 $ 12.21 $ 13.71 $ 0.00 $ 0.00 $ 14.43 $ 0.00
JAN FEB MAR APR MAY JUN JULY
AVE. MONTHLY MANAGER BONUS -
* EXCLUDING LEASE COMMIS $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
* AVE. COMMISSION RENTAL $ 35.00 $ 35.00 $ 35.00 $ 35.00 $ 35.00 $ 35.00 $ 35.00
* COMMISSION PER RENEWAL $ 15.00 $ 15.00 $ 15.00 $ 15.00 $ 15.00 $ 15.00 $ 15.00
* NUMBER OF RENEWALS PER 0 0 0 0 0 0 0
* MONTHLY COST PER EMPLO $ 282.00 $ 282.00 $ 282.00 $ 282.00 $ 282.00 $ 282.00 $ 282.00
* NO. OF QUALIFIED R & MEM 2 2 2 2 2 2 2
* NO. OF QUALIFIED LANDSCA 0 0 0 0 0 0 0
* NO. OF QUALIFIED SECURITY 0 0 0 0 0 0 0
ADMINISTRATIVE EXPENSES:
ADMINISTRATIVE LABOR
* ADMINISTRATIVE LABOR R 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
MANAGER SALARY 3350 3350 3350 3350 3350 3350 3350
ASST. MANAGER SALARY 1850 1850 1850 1850 1850 1850 1850
LEASING SALARIES 950 950 950 950 950 950 950
ADMIN. RENT ALLOWANC 0 0 0 0 0 0 0
ADMIN. UTILITY ALLOWAN 0 0 0 0 0 0 0
ADMIN. INCENTIVES 0 0 0 0 0 0 0
R & M PAYROLL
---------------------- TURN-
ASST. ASST. OVER PORTER/ SECURITY
MAINT. MAINT. MAINT. GROUNDS PATROL
* CASH COMPENSATION 1700 0 0 650 0 XX
* TOTAL RENT ALLOWANCE 0 0 0 0 0 XX
* TOTAL UTILITY ALLOWANCE 0 0 0 0 0 XX
---------------------------------------------------------- XX
TOTAL MONTHLY COMPENS 1700 0 0 650 0 XX
========== ========== ========== ========== ========== XX
$ 9.82 $ 0.00 $ 0.00 $ 7.51 $ 0.00 XX
AUG SEPT OCT NOV DEC XX
XX
AVE. MONTHLY MANAGER BONUS - XX
* EXCLUDING LEASE COMMIS $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 XX
* AVE. COMMISSION RENTAL $ 35.00 $ 35.00 $ 35.00 $ 35.00 $ 35.00 XX
* COMMISSION PER RENEWAL $ 15.00 $ 15.00 $ 15.00 $ 15.00 $ 15.00 XX
* NUMBER OF RENEWALS PER 0 0 0 0 0 XX
* MONTHLY COST PER EMPLO $ 282.00 $ 282.00 $ 282.00 $ 282.00 $ 282.00 XX
* NO. OF QUALIFIED R & MEM 2 2 2 2 2 XX
* NO. OF QUALIFIED LANDSCA 0 0 0 0 0 XX
* NO. OF QUALIFIED SECURITY 0 0 0 0 0 XX
XX
ADMINISTRATIVE EXPENSES: XX
ADMINISTRATIVE LABOR XX
* ADMINISTRATIVE LABOR R 0.00% 0.00% 0.00% 0.00% 0.00% XX
MANAGER SALARY 3350 3350 3350 3350 3350 XX 4112
ASST. MANAGER SALARY 1850 1850 1850 1850 1850 XX 4114
LEASING SALARIES 950 950 950 950 950 XX 4116
ADMIN. RENT ALLOWANC 0 0 0 0 0 XX 4118
ADMIN. UTILITY ALLOWAN 0 0 0 0 0 XX 4120
ADMIN. INCENTIVES 0 0 0 0 0 XX 4122
9
[Enlarge/Download Table]
YEAR ENDING 2003
EXPENSE BUDGET VARIABLE MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7 MONTH 8 MONTH 9
PAYROLL TAXES & INSURANCE
FICA @ * 8.50% 523 523 523 523 523 523 523 523 523
FUTA @ API * 0.80% 49 49 49 49 49 49 49 49 49
SUTA @ API * 3.30% 203 203 203 203 203 203 203 203 203
TRI-MET * 0.00% 0 0 0 0 0 0 0 0 0
SIIS * 0.00% 0 0 0 0 0 0 0 0 0
WORKMAN 11.14 Pr. Hr. 1.1% 952 952 952 952 952 952 952 952 952
ADMIN. MEDICAL INS. 846 846 846 846 846 846 846 846 846
ACCOUNTING
* OWNERSHIP ACCOUNTING 0 0 0 0 0 0 0 0 0
* PAYROLL FEES PER MONTH 220 220 220 220 220 220 220 220 220
* BANK CHARGES PER MONTH 0 0 0 0 0 0 0 0 0
* CHARITABLE CONTRIBUTION 0 0 0 0 0 0 0 0 0
* DUES AND SUBSCRIPTIONS( 0 0 0 0 0 0 0 0 0
FURNISHED SUITES
* # OF FURNISHED SUITES 0 0 0 0 0 0 0 0 0
PER UNIT
COST
ACCESSORI * $ 0 0 0 0 0 0 0 0 0 0
$ 0 0 0 0 0 0 0 0 0 0
RENTAL FU * $ 0 0 0 0 0 0 0 0 0 0
MAID SERV * $ 0 0 0 0 0 0 0 0 0 0
TELEPHONE * $ 0 0 0 0 0 0 0 0 0 0
UTILITIES * $ 0 0 0 0 0 0 0 0 0 0
FURNITURE RENTAL
* FURNITURE RENTAL-CAB 0 0 0 0 0 0 0 0 0
* FURNITURE RENTAL-OFF 0 0 0 0 0 0 0 0 0
LEGAL
* EVICTION PER MONTH 117 117 117 117 117 117 117 117 117
* OTHER LEGAL PER MONTH 0 0 0 0 0 0 0 0 0
TRAINING AND EDUCATION
* REM 0 0 0 0 0 0 0 0 0
* GFS 50 50 50 50 50 50 50 50 50
* OTHER 0 0 0 0 0 0 0 0 0
YEAR ENDING 2003
EXPENSE BUDGET VARIABLE MONTH 10 MONTH 11 MONTH 12
PAYROLL TAXES & INSURANCE
FICA @ * 8.50% 523 523 523 XX 4132
FUTA @ API * 0.80% 49 49 49 XX 4134
SUTA @ API * 3.30% 203 203 203 XX 4136
TRI-MET * 0.00% 0 0 0 XX N/A
SIIS * 0.00% 0 0 0 XX N/A
WORKMAN 11.14 Pr. Hr. 1.1% 952 952 952 XX 4142
ADMIN. MEDICAL INS. 846 846 846 XX 4144
ACCOUNTING XX
* OWNERSHIP ACCOUNTING 0 0 0 XX 4152
* PAYROLL FEES PER MONTH 220 220 220 XX 4154
* BANK CHARGES PER MONTH 0 0 0 XX 4156
* CHARITABLE CONTRIBUTION 0 0 0 XX 4158
* DUES AND SUBSCRIPTIONS( 0 0 0 XX 4160
FURNISHED SUITES XX
* # OF FURNISHED SUITES 0 0 0 XX
ACCESSORI * 0 0 0 XX 4164
0 0 0 XX
RENTAL FU * 0 0 0 XX 4168
MAID SERV * 0 0 0 XX 4171
TELEPHONE * 0 0 0 XX 4174
UTILITIES * 0 0 0 XX 4176
FURNITURE RENTAL XX
* FURNITURE RENTAL-CAB 0 0 0 XX
* FURNITURE RENTAL-OFF 0 0 0 XX 4184
LEGAL XX
* EVICTION PER MONTH 117 117 117 XX 4192
* OTHER LEGAL PER MONTH 0 0 0 XX 4194
TRAINING AND EDUCATION XX
* REM 0 0 0 XX 4196
* GFS 50 50 50 XX 4196
* OTHER 0 0 0 XX 4196
10
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YEAR ENDING 2003 MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7 MONTH 8 MONTH 9
MANAGEMENT FEE
* GFS MANAGEMENT FEE % C 3.50%
* GFS MINIMUM $ 0
GFS MANAGEMENT FEE 4524 4573 4672 4724 4753 4813 4832 4851 4916
* ASSET MANAGER 0.00% 0 0 0 0 0 0 0 0 0
* PARTNERSHIP FEE: 0.00% 0 0 0 0 0 0 0 0 0
OFFICE EQUIPMENT
* EQUIP LEAS PER MONTH 0 0 0 0 0 0 0 0 0
* EQUIP REP PER MONTH 20 20 20 20 20 20 20 20 20
* EQUIP OTH PER MONTH 0 0 0 0 0 0 0 0 0
OFFICE SUPPLIES
* ACCOUNT PER MONTH 65 65 65 65 65 65 65 65 65
* PAPER SUP PER MONTH 45 45 45 45 45 45 45 45 45
* PRINTED PER MONTH 70 70 70 70 70 70 70 70 70
* OTHER SUP PER MONTH 39 39 39 39 39 39 39 39 39
SHIPPING AND DELIVERY
* OVERNIGHT PER MONTH 20 20 20 20 20 20 20 20 20
* PACKAGE PER MONTH 0 0 0 0 0 0 0 0 0
* POSTAGE PER MONTH 20 20 20 20 20 20 20 20 20
TELEPHONE
* ANSWERING PER MONTH 0 0 0 0 0 0 0 0 0
* COMPUTER PER MONTH 0 0 0 0 0 0 0 0 0
* FAX MACHI PER MONTH 0 0 0 0 0 0 0 0 0
* OFFICE TEL PER MONTH 525 525 525 525 525 525 525 525 525
OTHER ADMIN.
* MOVING EX PER MONTH 0 0 0 0 0 0 0 0 0
* STORAGE E PER MONTH 0 0 0 0 0 0 0 0 0
* 25 25 25 25 25 25 25 25 25
* OTHER AD PER MONTH 5 5 5 5 5 5 5 5 5
ADVERTISING
* RENT NET 245 245 245 245 245 245 245 245 245
* APARTMENT GUIDE 795 795 795 795 795 795 795 795 795
* APARTMENT MAP 0 0 0 0 0 0 0 0 0
* BILLBOARDS/TRANSIT 250 0 250 0 0 250 0 0 250
* DIRECT MAIL 0 0 0 0 0 0 0 0 0
* FOR RENT 0 0 0 0 0 0 0 0 0
* NEWSPAPER 250 250 250 250 250 250 250 250 250
* NOW RENTING 0 0 0 0 0 0 0 0 0
* RADIO AND TV 0 0 0 0 0 0 0 0 0
* SIGNS AND BANNERS 110 110 110 110 110 110 110 110 110
* YELLOW PAGES 0 0 0 0 0 0 0 0 0
YEAR ENDING 2003 MONTH 10 MONTH 11 MONTH 12
MANAGEMENT FEE
* GFS MANAGEMENT FEE % C
* GFS MINIMUM
GFS MANAGEMENT FEE 4934 4941 4961 XX 4222
* ASSET MANAGER 0.00% 0 0 0 XX 4226
* PARTNERSHIP FEE: 0.00% 0 0 0 XX 4226
OFFICE EQUIPMENT XX
* EQUIP LEAS PER MONTH 0 0 0 XX 4232
* EQUIP REP PER MONTH 20 20 20 XX 4234
* EQUIP OTH PER MONTH 0 0 0 XX 4236
OFFICE SUPPLIES XX
* ACCOUNT PER MONTH 65 65 65 XX 4242
* PAPER SUP PER MONTH 45 45 45 XX 4244
* PRINTED PER MONTH 70 70 70 XX 4246
* OTHER SUP PER MONTH 39 39 39 XX 4248
SHIPPING AND DELIVERY XX
* OVERNIGHT PER MONTH 20 20 20 XX 4252
* PACKAGE PER MONTH 0 0 0 XX 4252
* POSTAGE PER MONTH 20 20 20 XX 4256
TELEPHONE XX
* ANSWERING PER MONTH 0 0 0 XX 4262
* COMPUTER PER MONTH 0 0 0 XX 4264
* FAX MACHI PER MONTH 0 0 0 XX 4266
* OFFICE TEL PER MONTH 525 525 525 XX 4268
OTHER ADMIN. XX
* MOVING EX PER MONTH 0 0 0 XX 4272
* STORAGE E PER MONTH 0 0 0 XX 4274
* 25 25 25 XX
* OTHER AD PER MONTH 5 5 5 XX 4278
ADVERTISING XX
* RENT NET 245 245 245 XX 4314
* APARTMENT GUIDE 795 795 795 XX 4304
* APARTMENT MAP 0 0 0 XX 4302
* BILLBOARDS/TRANSIT 0 0 0 XX 4306
* DIRECT MAIL 0 0 0 XX 4308
* FOR RENT 0 0 0 XX 4310
* NEWSPAPER 250 250 250 XX 4312
* NOW RENTING 0 0 0 XX 4343
* RADIO AND TV 0 0 0 XX 4362
* SIGNS AND BANNERS 110 110 110 XX 4318
* YELLOW PAGES 0 0 0 XX 4320
11
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YEAR ENDING 2003 MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7 MONTH 8 MONTH 9
PROMOTIONS
* ACTIVITIES PER MONTH 30 30 30 85 95 100 100 100 100
* HOSPITALIT PER MONTH 45 45 45 45 45 45 45 45 45
* COST OF MOVE IN GI $ 8
MOVE IN GI PER MONTH 99 99 99 99 106 120 113 113 113
* NEWSLETT PER MONTH 85 85 85 85 85 85 85 85 85
DESIGN SERVICES
* AD AGENCY PER MONTH 0 0 0 0 0 0 0 0 0
* PHOTOGRA PER MONTH 0 0 0 0 0 0 0 0 0
* PRINTING PER MONTH 0 0 0 0 0 0 0 0 0
LEASING
* NUMBER OF MODELS 0 0 0 0 0 1 0 0 0
* EACH MODEL RENTAL PER 0 0 0 0 0 0 0 0 0
MODEL FUR PER MONTH 0 0 0 0 0 0 0 0 0
COMMISSIO PER MOVE IN 461 461 461 494 559 526 526 526 395
* SHOPPING PER MONTH 0 0 0 0 0 0 0 0 0
* TRAINING PER MONTH 0 0 0 0 0 0 0 0 0
REFERRALS
* LOCATORS PER MONTH 150 150 150 150 150 150 150 150 150
* MERCHANT PER MONTH 0 0 0 0 0 0 0 0 0
* RESIDENT PER MONTH 250 250 250 250 250 250 250 250 250
TENANT SCREENING
* COST PER SCREEN $ 0
* DENIAL RATE 45%
TENANT SCREENING EXPE 0 0 0 0 0 0 0 0 0
COLLATERAL SUPPLIES
* BROCHURES 0 0 0 0 0 0 0 0 0
* 0 0 0 0 0 0 0 0 0
* GIFTS 0 0 0 0 0 0 0 0 0
* PRINTED FORMS 0 0 0 0 0 0 0 0 0
* UNIFORMS 0 0 0 300 0 0 0 0 0
YEAR ENDING 2003 MONTH 10 MONTH 11 MONTH 12
PROMOTIONS
* ACTIVITIES PER MONTH 75 65 65 XX 4332
* HOSPITALIT PER MONTH 45 45 45 XX 4334
* COST OF MOVE IN GI $ 8 XX
MOVE IN GI PER MONTH 85 71 71 XX 4336
* NEWSLETT PER MONTH 85 85 85 XX 4338
DESIGN SERVICES XX
* AD AGENCY PER MONTH 0 0 0 XX 4343
* PHOTOGRA PER MONTH 0 0 0 XX 4343
* PRINTING PER MONTH 0 0 0 XX 4343
LEASING XX
* NUMBER OF MODELS 0 0 0 XX
* EACH MODEL RENTAL PER 0 0 0 XX 4357
MODEL FUR PER MONTH 0 0 0 XX 4354
COMMISSIO PER MOVE IN 329 329 329 XX 4352
* SHOPPING PER MONTH 0 0 0 XX 4356
* TRAINING PER MONTH 0 0 0 XX 4358
REFERRALS XX
* LOCATORS PER MONTH 150 150 150 XX 4362
* MERCHANT PER MONTH 0 0 0 XX 4364
* RESIDENT PER MONTH 250 250 250 XX 4366
TENANT SCREENING XX
* COST PER SCREEN $ 0 XX
* DENIAL RATE 45% XX
TENANT SCREENING EXPE 0 0 0 XX 4370
COLLATERAL SUPPLIES XX
* BROCHURES 0 0 0 XX 4382
* 0 0 0 XX
* GIFTS 0 0 0 XX 4386
* PRINTED FORMS 0 0 0 XX 4390
* UNIFORMS 0 0 0 XX 4391
12
ALDERWOOD FOR PAGE 3
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YEAR ENDING 2003 MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7 MONTH 8 MONTH 9
REPAIRS AND MAINTENANCE
EXPENSES:
R & M LABOR
* R & M LABOR RAISES - YTD 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
MAINTENANCE SUPERVIS 2500 2500 2500 2500 2500 2500 2500 2500 2500
ASST. MAINTENANCE LAB 1700 1700 1700 1700 1700 1700 1700 1700 1700
R & M RENT ALLOWANCE 0 0 0 0 0 0 0 0 0
R & M UTILITY ALLOWAN 0 0 0 0 0 0 0 0 0
R & M PAYROLL TAXES AND
INSURANCE
FICA @ 8.50% 357 357 357 357 357 357 357 357 357
FUTA @ APPROX 0.80% 34 34 34 34 34 34 34 34 34
SUTA @ APPROX 3.30% 139 139 139 139 139 139 139 139 139
TRI-MET 0.00% 0 0 0 0 0 0 0 0 0
SIIS 0.00% 0 0 0 0 0 0 0 0 0
WORKMANS COMP ?.?% 48 48 48 48 48 48 48 48 48
R & M MEDICAL INS. 564 564 564 564 564 564 564 564 564
R & M SUPPLIES
* APPLIANCE 60 60 60 60 60 60 60 60 60
* CLEANING (NOT TURNOVE 40 40 40 40 40 40 40 40 40
* ELECTRICAL 60 60 60 60 60 60 60 60 60
* EQUIPMENT 15 15 15 15 15 15 15 15 15
* GLASS AND SCREEN 10 10 10 10 10 10 10 10 10
* HARDWARE 90 90 90 90 90 90 90 90 90
* HVAC 25 25 25 25 25 25 25 25 25
* KEY AND LOCK 20 20 20 20 20 20 20 20 20
* PAINT (NOT TURNOVER) 45 45 45 45 45 45 45 45 45
* PARKING LOT 45 45 45 45 45 45 45 45 45
* PEST CONTROL 60 60 60 60 60 60 60 60 60
* PLUMBING 110 110 110 110 110 110 110 110 110
* RECREATIONAL 10 10 10 10 10 10 10 10 10
* ROOF REPAIRS 10 10 10 10 10 10 10 10 10
* UNIFORMS 0 0 0 0 0 0 0 0 0
R & M SERVICES
* APPLIANCE REPAIR 90 90 90 90 90 90 90 90 90
* CARPET CLEANING (NOT T 0 0 0 0 0 0 0 0 0
* CLEANING (NOT TURNOVE 15 15 15 15 15 15 15 15 15
* DRAPE CLEANING (NOT T 0 0 0 0 0 0 0 0 0
* ELECTRICAL 75 75 75 75 75 75 75 75 75
* EQUIPMENT 12 12 12 12 12 12 12 12 12
* GLASS AND SCREEN 65 65 65 65 65 65 65 65 65
YEAR ENDING 2003 MONTH 10 MONTH 11 MONTH 12
REPAIRS AND MAINTENANCE
EXPENSES:
R & M LABOR
* R & M LABOR RAISES - YTD 0.00% 0.00% 0.00% XX
MAINTENANCE SUPERVIS 2500 2500 2500 XX 4402
ASST. MAINTENANCE LAB 1700 1700 1700 XX 4404
R & M RENT ALLOWANCE 0 0 0 XX 4406
R & M UTILITY ALLOWANCE 0 0 0 XX 4408
R & M PAYROLL TAXES AND
INSURANCE XX
FICA @ 8.50% 357 357 357 XX 4412
FUTA @ APPROX 0.80% 34 34 34 XX 4414
SUTA @ APPROX 3.30% 139 139 139 XX 4416
TRI-MET 0.00% 0 0 0 XX N/A
SIIS 0.00% 0 0 0 XX N/A
WORKMANS COMP ?.?% 48 48 48 XX 4422
R & M MEDICAL INS. 564 564 564 XX 4424
R & M SUPPLIES XX
* APPLIANCE 60 60 60 XX 4432
* CLEANING NOT TURNOVE 40 40 40 XX 4434
* ELECTRICAL 60 60 60 XX 4436
* EQUIPMENT 15 15 15 XX 4438
* GLASS AND SCREEN 10 10 10 XX 4440
* HARDWARE 90 90 90 XX 4442
* HVAC 25 25 25 XX 4444
* KEY AND LOCK 20 20 20 XX 4446
* PAINT (NOT TURNOVER) 45 45 45 XX 4448
* PARKING LOT 45 45 45 XX 4450
* PEST CONTROL 60 60 60 XX 4452
* PLUMBING 110 110 110 XX 4454
* RECREATIONAL 10 10 10 XX 4456
* ROOF REPAIRS 10 10 10 XX 4458
* UNIFORMS 0 0 0 XX 4460
R & M SERVICES XX
* APPLIANCE REPAIR 90 90 90 XX 4472
* CARPET CLEANING (NOT T 0 0 0 XX 4474
* CLEANING (NOT TURNOVE 15 15 15 XX 4476
* DRAPE CLEANING (NOT T 0 0 0 XX 4478
* ELECTRICAL 75 75 75 XX 4482
* EQUIPMENT 12 12 12 XX 4484
* GLASS AND SCREEN 65 65 65 XX 4486
13
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YEAR ENDING 2003 MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7 MONTH 8 MONTH 9
* HVAC 0 0 0 0 0 0 0 0 0
* KEY AND LOCK 80 80 80 80 80 80 80 80 80
* PAINT (NOT TURNOVER) 0 0 0 0 0 0 0 0 0
* PARKING LOT 0 0 0 0 0 0 0 0 0
* PEST CONTROL 110 110 110 110 110 110 110 110 110
* PLUMBING 325 325 325 325 325 325 325 325 325
* RECREATIONAL 0 0 0 0 0 0 0 0 0
* ROOF REPAIRS 20 20 20 20 20 20 20 20 20
* UNIFORMS 0 0 0 0 0 0 0 0 0
PAGERS 50 50 50 50 50 50 50 50 50
* # OF PAGERS 2 2 2 2 2 2 2 2 2
* COST PER PAGER PER MONT $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00
ELEVATOR
* ELEVATOR PER MONTH 0 0 0 0 0 0 0 0 0
* ELEVATOR PER MONTH 0 0 0 0 0 0 0 0 0
* ELEVATOR PER MONTH 0 0 0 0 0 0 0 0 0
* ELEVATOR PER MONTH 0 0 0 0 0 0 0 0 0
LANDSCAPE PAYROLL
* LANDSCAPE LABOR RAISES 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
LANDSCAPE LABOR 0 0 0 0 0 650 650 650 650
LANDSCAPE RENTAL ALLC 0 0 0 0 0 0 0 0 0
LANDSCAPE UTILITY ALLC 0 0 0 0 0 0 0 0 0
LANDSCAPE PAYROLL TAXES AND
INSURANCE
FICA @ 8.50% 0 0 0 0 0 55 55 55 55
FUTA @ APPROX 0.80% 0 0 0 0 0 5 5 5 5
SUTA @ APPROX 3.30% 0 0 0 0 0 21 21 21 21
TRI-MET 0.00% 0 0 0 0 0 0 0 0 0
SIIS 0.00% 0 0 0 0 0 0 0 0 0
WORKMANS COMP 1.14% 0 0 0 0 0 7 7 7 7
LANDSCAPE MEDICAL INS. 0 0 0 0 0 0 0 0 0
LANDSCAPE SERVICES
* LANDSCAPE SERV. PER DOOR PER MONTH $ 11.50 2162
* LANDSCAPE MONTH CONT 2162 2162 2162 2162 2162 2162 2162 2162 2162
* LANDSCAPE EQUIPMENT 0 0 0 0 0 0 0 0 0
* LANDSCAPE IRRIGATION 0 0 0 0 0 0 0 0 0
* LANDSCAPE SEASONAL SE 250 0 0 350 0 350 0 0 350
*LANDSCAPE SUPPLIES 0 0 0 0 0 0 0 0 0
YEAR ENDING 2003 MONTH 10 MONTH 11 MONTH 12
* HVAC 0 0 0 XX 4488
* KEY AND LOCK 80 80 80 XX 4490
* PAINT (NOT TURNOVER) 0 0 0 XX 4494
* PARKING LOT 0 0 0 XX 4496
* PEST CONTROL 110 110 110 XX 4498
* PLUMBING 325 325 325 XX 4500
* RECREATIONAL 0 0 0 XX 4502
* ROOF REPAIRS 20 20 20 XX 4504
* UNIFORMS 0 0 0 XX 4460
PAGERS 50 50 50 XX 4462
* # OF PAGERS 2 2 2 XX
* COST PER PAGER PER MONT $ 25.00 $ 25.00 $ 25.00 XX
XX
ELEVATOR XX
* ELEVATOR PER MONTH 0 0 0 XX 4512
* ELEVATOR PER MONTH 0 0 0 XX 4514
* ELEVATOR PER MONTH 0 0 0 XX 4516
* ELEVATOR PER MONTH 0 0 0 XX 4518
LANDSCAPE PAYROLL XX
* LANDSCAPE LABOR RAISES 0.00% 0.00% 0.00% XX
LANDSCAPE LABOR 0 0 0 XX 4522
LANDSCAPE RENTAL ALLC 0 0 0 XX 4526
LANDSCAPE UTILITY ALLC 0 0 0 XX
LANDSCAPE PAYROLL TAXES AND
INSURANCE XX
FICA @ 8.50% 0 0 0 XX 4528
FUTA @ APPROX 0.80% 0 0 0 XX 4530
SUTA @ APPROX 3.30% 0 0 0 XX 4536
TRI-MET 0.00% 0 0 0 XX N/A
SIIS 0.00% 0 0 0 XX N/A
WORKMANS COMP 1.14% 0 0 0 XX 4542
LANDSCAPE MEDICAL INS. 0 0 0 XX 4544
LANDSCAPE SERVICES XX
* LANDSCAPE SERV. PER DOOR PER MONTH XX
* LANDSCAPE MONTH CONT 2162 2162 2162 XX 4552
* LANDSCAPE EQUIPMENT 0 0 0 XX 4554
* LANDSCAPE IRRIGATION 0 0 0 XX 4556
* LANDSCAPE SEASONAL SE 0 0 0 XX 4558
*LANDSCAPE SUPPLIES 0 0 0 XX 4560
14
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YEAR ENDING 2003 MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7 MONTH 8 MONTH 9
POOLS AND FOUNTAINS
* NUMBER OF POOLS 1
* POOLSPA SUPPLIES REQUIRED
PER POOL $ 135.00
POOL SUPPLIES 135 135 135 135 135 135 135 135 135
* POOL LICENSES 0 0 0 0 0 0 0 0 0
* POOL REPAIR 0 0 0 0 0 350 0 0 0
* POOL CONTRACT MAINTE 0 0 0 0 0 0 0 0 0
* POOL EQUIPMENT 0 0 0 0 0 0 0 0 0
* POOL FURNITURE 0 0 0 0 650 0 0 0 0
COURTESY PAYROLL
* COURTESY LABOR RAISES - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
COURTESY LABOR 0 0 0 0 0 0 0 0 0
COURTESY RENT ALLOWA 0 0 0 0 0 0 0 0 0
COURTESY UTILITY ALLO 0 0 0 0 0 0 0 0 0
RECREATION ATT. PAYROLL TAXES
AND INSURANCE
FICA @ 8.50% 0 0 0 0 0 0 0 0 0
FUTA @ APPROX 0.80% 0 0 0 0 0 0 0 0 0
SUTA @ APPROX 3.30% 0 0 0 0 0 0 0 0 0
TRI-MET 0.00% 0 0 0 0 0 0 0 0 0
SIIS 0.00% 0 0 0 0 0 0 0 0 0
WORKMANS COMP 1.1% 0 0 0 0 0 0 0 0 0
REC. ATT-MEDICAL INS. 0 0 0 0 0 0 0 0 0
* COURTESY SUPPLIES 0 0 0 0 0 0 0 0 0
COURTESY SERVICES
* COURTESY HOURLY WAGE $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
* COURTESY-# OF HRS IN A 0 0 0 0 0 0 0 0 0
COURTESY CONTRACT SE 0 0 0 0 0 0 0 0 0
* ALARM SERVICE 0 0 0 0 0 0 0 0 0
* EXTINGUISHER MAINTEN 0 0 350 0 0 0 0 0 0
VEHICLE EXPENSE (ONLY IF
PROPERTY OWNS A VEHICLE)
* VEHICLE GASOLINE 75 75 75 75 75 75 75 75 75
* VEHICLE INSURANCE 0 0 0 0 0 0 0 0 0
* VEHICLE LICENSE 0 0 0 0 0 0 0 0 0
* VEHICLE OTHER 0 0 0 0 0 0 0 0 0
YEAR ENDING 2003 MONTH 10 MONTH 11 MONTH 12
POOLS AND FOUNTAINS XX
* NUMBER OF POOLS XX
* POOLSPA SUPPLIES REQUIRED
PER POOL XX
POOL SUPPLIES 135 135 135 XX 4572
* POOL LICENSES 0 0 0 XX 4574
* POOL REPAIR 0 0 0 XX 4576
* POOL CONTRACT MAINTE 0 0 0 XX 4578
* POOL EQUIPMENT 0 0 0 XX 4580
* POOL FURNITURE 0 0 0 XX 4580
COURTESY PAYROLL XX
* COURTESY LABOR RAISES - 0.00% 0.00% 0.00% XX
COURTESY LABOR 0 0 0 XX
COURTESY RENT ALLOWA 0 0 0 XX
COURTESY UTILITY ALLO 0 0 0 XX
RECREATION ATT. PAYROLL TAXES
AND INSURANCE XX
FICA @ 8.50% 0 0 0 XX 4602
FUTA @ APPROX 0.80% 0 0 0 XX 4604
SUTA @ APPROX 3.30% 0 0 0 XX 4606
TRI-MET 0.00% 0 0 0 XX N/A
SIIS 0.00% 0 0 0 XX N/A
WORKMANS COMP 1.1% 0 0 0 XX 4612
REC. ATT-MEDICAL INS. 0 0 0 XX 4614
* COURTESY SUPPLIES 0 0 0 XX 4634
COURTESY SERVICES XX
* COURTESY HOURLY WAGE $ 0.00 $ 0.00 $ 0.00 XX
* COURTESY-# OF HRS IN A 0 0 0 XX 4634
COURTESY CONTRACT SE 0 0 0 XX
* ALARM SERVICE 0 0 0 XX 4632
* EXINGUISHER MAINTEN 0 0 0 XX 4636
VEHICLE EXPENSE (ONLY IF
PROPERTY OWNS A VEHICLE) XX
* VEHICLE GASOLINE 75 75 75 XX 4642
* VEHICLE INSURANCE 0 0 0 XX 4644
* VEHICLE LICENSE 0 0 0 XX 4646
* VEHICLE OTHER 0 0 0 XX 4648
15
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YEAR ENDING 2003 MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7 MONTH 8 MONTH 9
*TURNOVER MAINTENANCE EXPENSES:
TURNOVER SUPPLIES
* *CLEANING SUPPLIES $ 8
TURNOVER CLEANING 90 90 90 90 105 120 120 120 120
* PAINT SUPPLIES PER $ 65
TURNOVER PAINTING 733 733 733 733 855 978 978 978 978
TURNOVER SERVICES
* CARPET CLEANING PER TURNOVER $ 55.00
* % OF CARPETS REPLACED UPON TURNOV 25%
* AVE COST OF NEW CARPET/VINYL (CAP $ 950.0
* DRAPE/BLIND CLEANING PER TURNOVER $ 15.00
* % OF DRAPES/BLIND REPLACED UPON TU 10%
* AVE COST OF NEW DRAPE/BLIND (CAP IM $ 135.00
* CONTRACT CLEANING PER TURNOVER $ 65.00
* # OF UNITS CLEANED IN-HOUSE 0
* CONTRACT PAINTING PER TURNOVER $ 150.00
* # OF UNITS PAINTED IN-HOUSE 7
TURNOVER CARPET CLEAN 465 465 465 465 543 620 620 620 620
TURNOVER DRAPE CLEAN 152 152 152 152 178 203 203 203 203
TURNOVER CONTRACT CL 733 733 733 733 855 978 978 978 978
TURNOVER CONTRACT PA 642 642 642 642 924 1206 1206 1206 1206
TURNOVER UTILITIES
* AVE. ELEC. EXPENSE PER VACANT UNIT $ 30.00
* AVE. GAS EXPENSE PER VACANT UNIT $ 0.00
TURNOVER ELECTRIC 564 508 451 395 367 338 338 338 338
TURNOVER GAS 0 0 0 0 0 0 0 0 0
YEAR ENDING 2003 MONTH 10 MONTH 11 MONTH 12
*TURNOVER MAINTENANCE EXPENSES: XX
TURNOVER SUPPLIES XX
* *CLEANING SUPPLIES $ 8 XX
TURNOVER CLEANING 90 75 75 XX 4702
* PAINT SUPPLIES PER $ 65 XX
TURNOVER PAINTING 733 611 611 XX 4704
TURNOVER SERVICES XX
* CARPET CLEANING PER TURNOVER XX
* % OF CARPETS REPLACED UPON TURNOV XX
* AVE COST OF NEW CARPET/VINYL (CAP XX
* DRAPE/BLIND CLEANING PER TURNOVER XX
* % OF DRAPES/BLIND REPLACED UPON TU XX
* AVE COST OF NEW DRAPE/BLIND (CAP IM XX
* CONTRACT CLEANING PER TURNOVER XX
* # OF UNITS CLEANED IN-HOUSE XX
* CONTRACT PAINTING PER TURNOVER XX
* # OF UNITS PAINTED IN-HOUSE XX
XX
TURNOVER CARPET CLEAN 465 388 388 XX 4712
TURNOVER DRAPE CLEAN 152 127 127 XX 4714
TURNOVER CONTRACT CL 733 611 611 XX 4716
TURNOVER CONTRACT PA 642 360 360 XX 4718
XX
TURNOVER UTILITIES XX
* AVE. ELEC. EXPENSE PER VACANT UNIT XX
* AVE. GAS EXPENSE PER VACANT UNIT XX
XX
TURNOVER ELECTRIC 338 338 338 XX 4722
TURNOVER GAS 0 0 0 XX 4724
16
ALDERWOOD FOR PAGE 4
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YEAR ENDING 2003 MONTH 1 MONTH 2 MONTH 3 MONTH 4 MONTH 5 MONTH 6 MONTH 7 MONTH 8 MONTH 9
UTILITY EXPENSE:
lease-up factor 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ELECTRICITY
* COMMON AREA ELECTRIC 950 875 875 800 725 725 725 725 725
* MODEL ELECTRICITY 0 0 0 0 60 60 0 0 0
* OFFICE/CABANA ELECTRIC 0 0 0 0 0 0 0 0 0
* POOL AND SPA ELECTRIC 0 0 0 0 0 0 0 0 0
WATER
* COMMON AREA WATER 4614 0 4614 0 4614 0 4614 0 4614
* IRRIGATION WATER 0 0 0 0 0 0 0 0 0
*SEWER 7547 0 7547 0 7547 0 7547 0 7547
*WASTE REMOVAL 2535 2535 2535 2535 2535 2535 2535 2535 2535
NATURAL GAS
* COMMON AREA GAS 0 0 0 0 0 0 0 0 0
* POOL AND SPA GAS 0 0 0 0 0 0 0 0 0
CABLE/SATELLITE TV
* BULK RATE TV 0 0 0 0 0 0 0 0 0
* OFFICE/CABANA TV 0 0 0 0 0 0 0 0 0
TAXES & INSURANCE EXPENSES:
* REAL PROPERTY TAXES 11010 11010 11010 11010 11010 11010 11010 11010 11010
MIP INSURANCE 0 0 0 0 0 0 0 0 0
* PERSONAL PROPERTY TAXES 0 0 0 0 0 0 0 0 0
* LIABILITY AND CASUALTY 2599 2599 2599 2599 2599 2599 2599 2599 2599
* SALES TAX 0 0 0 0 0 0 0 0 0
* PROPERTY ASSESSMENTS 0 0 0 0 0 0 0 0 0
DEBT SERVICE
* DEBT SERVICE - IST 0 0 0 0 0 0 0 0 0
* DEBT SERVICE - 0 0 0 0 0 0 0 0 0
YEAR ENDING 2003 MONTH 10 MONTH 11 MONTH 12
UTILITY EXPENSE:
lease-up factor 0.00 0.00 0.00 XX
ELECTRICITY XX
* COMMON AREA ELECTRIC 800 875 950 XX 4802
* MODEL ELECTRICITY 0 0 0 XX 4802
* OFFICE/CABANA ELECTRIC 0 0 0 XX 4802
* POOL AND SPA ELECTRIC 0 0 0 XX 4802
WATER XX
* COMMON AREA WATER 0 4614 0 XX 4812
* IRRIGATION WATER 0 0 0 XX 4812
*SEWER 0 7547 0 XX 4820
*WASTE REMOVAL 2535 2535 2535 XX 4830
NATURAL GAS XX
* COMMON AREA GAS 0 0 0 XX 4842
* POOL AND SPA GAS 0 0 0 XX 4842
CABLE/SATELLITE TV XX
* BULK RATE TV 0 0 0 XX 4852
* OFFICE/CABANA TV 0 0 0 XX 4854
XX
TAXES & INSURANCE EXPENSES: XX
* REAL PROPERTY TAXES 11010 11010 11010 XX 5002
MIP INSURANCE 0 0 0 XX 5003
* PERSONAL PROPERTY TAXES 0 0 0 XX 5004
* LIABILITY AND CASUALTY 2599 2599 2599 XX 5006
* SALES TAX 0 0 0 XX 5008
* PROPERTY ASSESSMENTS 0 0 0 XX 5010
XX
DEBT SERVICE XX
* DEBT SERVICE - IST 0 0 0 XX 6502
* DEBT SERVICE - 0 0 0 XX 6504
17
ALDERWOOD FOR PAGE 5
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PROPERTY REPLACEMENTS
* APPLIANCE REPLACEMENT 400 400 400 400 400 400 400 400 400 400 400 400 XX 6002
BUILDING IMPROVEMENTS XX
Capital Reimbursement 0 0 0 0 0 0 0 0 0 0 0 0 6011
* INTERIOR DESIGN MODIFI 0 0 0 0 0 0 0 0 0 0 0 0 XX 6012
* EXTERIOR LIGHTING 0 0 0 0 0 0 0 0 0 0 0 0 XX 6014
* EXTERIOR PAINTING 0 0 0 0 0 0 0 0 0 0 0 0 XX 6016
* EXTERIOR REPAIR 0 0 0 0 0 1500 1500 0 0 0 0 0 XX 6018
* ROOF REPLACEMENT 0 0 0 0 0 0 0 0 0 0 0 0 XX 6020
CARPET/VINYL REPLACEME 2679 2679 2679 2679 3126 3572 3572 3572 3572 2679 2233 2233 XX 6030
DRAPE/BLIND REPLACEMEN 152 152 152 152 178 203 203 203 203 152 127 127 XX 6040
*EQUIPMENT PURCHASE 0 0 0 0 0 0 0 0 0 0 0 0 XX 6050
DECK REPAIR/REPLACE 0 0 0 0 0 0 0 0 0 0 0 0 6060
*FURNITURE PURCHASE 0 0 0 0 0 0 0 0 0 0 0 0 XX 6065
*CLUBHOUSE REHAB 0 0 1000 0 0 0 0 0 0 0 0 0 XX
LAND IMPROVEMENTS XX
* CARPORT INSTALLATION 0 0 0 0 0 0 0 0 0 0 0 0 XX 6082
* PARKING LOT REPAIRS 0 0 0 0 0 0 0 0 0 0 0 0 XX 6084
*LANDSCAPE IMPROVEMENTS 0 0 0 0 0 0 0 0 0 0 0 0 XX 6090
*DOORS/GLASS/HARDWARE 0 0 0 0 0 0 0 0 0 0 0 0 XX 6100
*PERMANENT SIGNAGE 0 0 0 0 0 0 0 0 0 0 0 0 XX 6110
18
Cell: F415
omment: Craig S. Dwyer:
Telephone/Cable revenue share.
Cell: G454
omment: Craig S. Dwyer:
Hours = 40
Days = 5
Cell: H454
omment: Craig S. Dwyer:
Hours = 35/wk
days = 4 - 5
Cell: I454
omment: Craig S. Dwyer:
Hours=18/wk
days = 2-3
Cell: L454
omment: Craig S. Dwyer:
Hours=40
days = 5
Cell: H454
omment: Craig S. Dwyer:
Hours=32/wk
days = 4-5
Cell: 0454
omment: Craig S. Dwyer:
Hours=20/wk
days = 2-3
19
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