Laserfiche WebLink
<br />Lincoln Street Elderly Limited Partnership Financial Statements <br /> <br />Rental income is over budget by 1% or $629 the period ending June 2010. <br /> <br />General income is under budget by 5% or $24. <br /> <br />Total administrative expenses are 5% or $1,364 more than budget. <br /> <br />Total utility expense is over budget by 4% or $735. <br /> <br />Maintenance salary and contract expense are over budget by 22% or $2,296. Current month HV AC <br />expense includes $3,740 to replace the heat pump due to a bad compressor. <br /> <br />Maintenance Materials is over budget by 68% or $1,539. Current month expenses include replacement of <br />a dishwasher, and prior month's expenses include replacing a refrigerator and repairs to outside lighting. <br /> <br />Please see attached listing of $8,670 in non-routine expense to date. <br /> <br />General expenses are $3,179 under budget to date. There were no bad debt write offs through June. <br /> <br />East Street Limited Partnership Financial Statements <br /> <br />Rental income is exceeding budget by 3% or $2,859 for the period ending June 2010. This is due to 97% <br />occupancy for this period. The budgets are set at 95% occupancy. <br /> <br />Other income is $8,467 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 over budget by $80. <br /> <br />Total utility expenses are 15% or $1,1671ess than budget. <br /> <br />Maintenance salaries and contract expense are 31 % or $3,112 over budget to date. <br /> <br />Maintenance materials are 80% or $997 more than budget to date. Current month expenses relate to <br />routine maintenance needed after a move-out. Year to date expenses relate to routine upgrades following <br />an annual inspection. <br /> <br />Please see attached listing of $20,638 in non-routine expense to date. These are offset by $9,113 in <br />Insurance Recovery Proceeds. <br /> <br />General expenses are 104% or $8,446 more than budget year to date. All bad debt expenses of$11,863 <br />have been turned over to collections. These are maintenance charges related to a fire and resulting <br />water damage by the sprinkler system. <br /> <br />11 <br />