Louisville Housing Authority Agenda and Packet 2011 10 25

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Lincoln Street Elderly Limited Partnership Financial Statements Rental income is exceeding budget by 2% or $3,111 the period ending September 2011. General income is over budget by $1,116. Total administrative expenses are 1% or $699 more than budget. Total utility expense is under budget by 22% or $6,460. Maintenance salary and contract expense are under budget by 4% or $835. Maintenance Materials is over budget by $1,906. See attached listing of non routine maintenance through September. General expenses are $790 under budgeted expense to date. There were no bad debt write offs. East Street Limited Partnership Financial Statements Rental income is over budget by 1% or $1,320 for the period ending September 2011. There is currently one vacant unit at this site. Other income is 80% or $4,242 less than budget. Total administrative expenses are over budget by $423. Total utility expenses are 4% or $380 less than budget. Maintenance salaries and contract expense are 36% or $5,304 more than budget to date. Labor is over budget by $6,761 due to the poor condition of four vacated units, and annual"inspections at these units. Maintenance materials are $2,782 more than budget to date, also related to move -outs. There is no non routine maintenance expense through September. General expenses are 36% or $4,454 less than budget year to date. 7