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Louisville Housing Authority <br />Financial Update September 2011 <br />September 2011— Year to Date <br />Louisville Housing Authority Financial Statements <br />Total rental income is under budget by 1% or $2,478 for the period ending September 2011. Lilac had <br />one vacant unit through February. As of September 14, 2011 there is one vacant unit at Regal Two and <br />two at Lilac. <br />Total tenant charges are under budgeted amounts by 61% or $5,041. <br />Administrative expenses are 3% or $3,361 less budget. <br />Total utility expenses are less than budget by 6% or $3,315. <br />Maintenance salary and contract expenses are under budget by 50% or $48,138. <br />Maintenance Materials are over budget by $7,237. <br />See the attached schedule for Non Routine Expense through September. <br />General Operating Expenses are less budgeted amounts by $1,815. All bad debts have been turned over <br />to collections. <br />2 <br />