Louisville Housing Authority Agenda and Packet 2011 05 31

Home Browse Search

Lincoln Street Elderly Limited Partnership Financial Statements Rental income is exceeding budget by 2% or $1,903 the period ending April 2011. General income is over budget by $411. Total administrative expenses are 18% or $4,528 less than budget. Total utility expense is under budget by 39% or $5,131. Maintenance salary and contract expense are under budget by 25% or $2,501. Maintenance Materials is over budget by $948. See attached listing of non routine maintenance through April. General expenses are 347 under budgeted expense to date. There were no bad debt write offs. East Street Limited Partnership Financial Statements Rental income is under budget by 2% or $1,024 for the period ending April 2011. There is currently one vacant unit at this site. Other income is 73% or $1,738 less than budget. Total administrative expenses are over budget by $407. Total utility expenses are 18% or $822 less than budget. Maintenance salaries and contract expense are 107% or $7,076 more than budget to date. Labor is over budget by $5,421 due to the poor condition of four vacated units, and annual inspections at these units. Maintenance materials are $2,695 more than budget to date, also related to move -outs. There is no non routine maintenance expense through April. General expenses are 48% or $2,608 less than budget year to date. 6