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Louisville Housing Authority <br />Financial Update June 2011 <br />June 2011— Year to Date <br />Louisville Housing Authority Financial Statements <br />Total rental income is under budget by 6% or $14,827 for the period ending June 2011. Lilac had one <br />vacant unit through February. As of July 19, 2011 there is one vacant unit at Regal Two. <br />Total tenant charges are under budgeted amounts by 58% or $3,159. <br />Administrative expenses are 3% or $2,161 less budget. <br />Total utility expenses are less than budget by 15% or $5,215. <br />Maintenance salary and contract expenses are under budget by 56% or $36,399. <br />Maintenance Materials are over budget by $1,044. <br />See the attached schedule for Non Routine Expense for the month. <br />General. Operating Expenses are under budgeted amounts by 24% or $3,679. All bad debts have been <br />turned over to collections. <br />