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<br />Lincoln Street Elderly Limited Partnership Financial Statements <br /> <br />Rental income is under budget by 1 % or $691 the period ending March 2010 due to 96% occupancy. The <br />budget is set at 97% occupancy. <br /> <br />General income is under budget by 23% or $10. <br /> <br />Total administrative expenses are 5% or $912 less than budget. <br /> <br />Total utility expense is over budget by 2% or $168. <br /> <br />Maintenance salary and contract expense are under budget by 34% or $2,294. <br /> <br />Maintenance Materials is under budget by 26% or $289. <br /> <br />Please see attached listing of non-routine expense to date. <br /> <br />General expenses are $1,620 under budget to date. There were no bad debt write offs. <br /> <br />East Street Limited Partnership Financial Statements <br /> <br />Rental income is exceeding budget by 2% or $736 for the period ending March 2010. This is due to 97% <br />occupancy for this period. The budgets are set at 95% occupancy. <br /> <br />Other income is $9,577 more than budget. This is related to over $10,000 in tenant charges resulting <br />from a fire and flood caused by the fire suppression system in one of the units. <br /> <br />Total administrative expenses are under budget by 15% or $961. <br /> <br />Total utility expenses are 15% or $597 less than budget. . <br /> <br />Maintenance salaries and contract expense are 30% or $1,469 under budget to date. <br /> <br />Maintenance materials are 10% or $62 less than budget to date. <br /> <br />Please see attached listing of non-routine expense to date. These.are offset by $9,113 in Insurance <br />Recovery Proceeds. <br /> <br />General expenses are 42% or $1,709 less than budget year to date. There were no bad debt writes off in <br />March. <br /> <br />9 <br />