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Louisville Housing Authority <br />Financial Update— February 2011 <br />February 2011 — Year to Date <br />Louisville, Housing Authority Financial Statements <br />Total rental income is under budget by 4% or $3,616 for the period ending February 2011. Lilac had one <br />vacant unit through February. As of March 24, 2011 there is one vacant unit at Regal Square and one at <br />Regal Two. <br />Total tenant charges are under budgeted amounts by 60% or $1,094. <br />Administrative expenses are 3% or $795 less budget. <br />Total utility expenses are less than budget by 35% or $4,015. <br />Maintenance salary and contract expenses are under budget by 33% or $7,096. <br />Maintenance Materials are over budget by 55% or $1,513. <br />See the attached schedule for Non - Routine Expense for the month. <br />General Operating Expenses are under budgeted amounts by 65% or $3,353. Bad Debt expense of $1,298 <br />was turned over to collections. <br />13 <br />