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<br />Louisville Housing Authority <br />Financial Update - May 2010 <br /> <br />May 2010 - Year to Date <br />Louisville Housing Authority Financial Statements <br /> <br />Total rental income is under budget by 1 % or $459 for the period ending May 2010. Lilac was at 90% <br />occupancy through May, but since May there are no vacant units at this site. All other projects are at or <br />above their budgeted occupancy rate through May. ' <br /> <br />Total tenant charges are over budgeted amounts by 24% or $697. <br /> <br />Administrative expenses are 4% or $2,080 more,budget. Year-to-date expense of $2,100 for Admin <br />Contract costs is for a land survey at Acme to determine legal property line. <br /> <br />Total utility expenses are less than budget by 19% or $5,962. <br /> <br />Maintenance salary and contract expenses are under budget by 8% or $3,125. <br /> <br />Maintenance Materials are under budget by $9% or $597. <br /> <br />See the attached schedule for Non-Routine Expense for the month. <br /> <br />General Operating Expenses are under budgeted amounts by 32% or $3,983. There is no bad debt in the <br />current month. <br /> <br />'\ <br /> <br />1 <br />