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<br />Louisville Housing Authority <br />Financial Update - June 2010 <br /> <br />June 2010 - Year to Date <br />Louisville Housing Authority Financial Statements <br /> <br />Total rental income is under budget by 1 % or $1,665 for the period ending June 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 June. <br /> <br />Total tenant charges are over budgeted amounts by 12% or $424. <br /> <br />Administrative expenses are 4% or $2,784 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 15% or $5,696, mainly in water at Regal Square. <br /> <br />Maintenance salary and contract expenses are under budget by 20% or $9,468. <br /> <br />Maintenance Materials are under budget by $20% or $1,606. <br /> <br />See the attached schedule for $29,090 in Non-Routine Expense for the month. <br /> <br />General Operating Expenses are under budgeted amounts by 35% or $5,324. There is no bad debt in the <br />current month. <br /> <br />12 <br />