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Louisville Housing Authority <br />Financial Update May 2011 <br />May 2011— Year to Date <br />Louisville Housing Authority Financial Statements <br />Total rental income is under budget by 5% or $11,488 for the period ending May 2011. Lilac had one <br />vacant unit through February. As of June 16, 2011 there are two vacant units at Regal Two. <br />Total tenant charges are under budgeted amounts by 55% or $2,515. <br />Administrative expenses are 3% or $1,873 less budget. <br />Total utility expenses are less than budget by 18% or $4,999. <br />Maintenance salary and contract expenses are under budget by 59% or $31,675. <br />Maintenance Materials are under budget by $110. <br />See the attached schedule for Non Routine Expense for the month. <br />General Operating Expenses are under budgeted amounts by 20% or $2,527. All bad debts have been <br />turned over to collections. <br />1 <br />