Louisville Housing Authority Agenda and Packet 2011 07 26

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Lincoln Street Elderly Limited Partnership Financial Statements Rental income is exceeding budget by 3% or $3,102 the period ending June 2011. General income is over budget by $587. Total administrative expenses are 18% or $6,814 less than budget. Total utility expense is under budget by 33% or $6,509. Maintenance salary and contract expense are under budget by 31% or $4,629. Maintenance Materials is over budget by $296. See attached listing of non routine maintenance through June. General expenses are $416 under budgeted expense to date. There were no bad debt write offs. East Street Limited Partnership Financial Statements Rental income is under budget by 2% or $1,643 for the period ending June 2011. There are currently no vacant units at this site. Other income is 79% or $2,797 less than budget. Total administrative expenses are over budget by $495. Total utility expenses are 12% or $813 less than budget. Maintenance salaries and contract expense are 54% or $5,310 more than budget to date. Labor is over budget by $5,419 due to the poor condition of four vacated units, and annual inspections at these units. Maintenance materials are $2,375 more than budget to date, also related to move -outs. There is no non routine maintenance expense through June. General expenses are 41% or $3,347 less than budget year to date. 6