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Louisville Housing Authority <br />LHA - MONTHLY FINANCIALS <br />November, 2011 <br />LHA <br />Utilization <br />YTD Average Occupancy for LHA was 98% including Lincoln & East Street <br />Revenue <br />YTD Total Operating revenues of $506,304 is $20,340 or 4.2% above budget <br />Expenses <br />YTD Total Operating expenses of $425,807 are $59,833 or 16.3% above budget <br />The variance to budget is due to the historical practice of not budgeting <br />non- routine expenses. Iri 2012 the budgets for non - routine expenses will be included <br />YTD Total Net Operating Income (Loss) of $80,498 is $(39,494) or 32.9% less than budgeted <br />Lincoln Street Elderly Limited Partnership <br />Utilization <br />YTD Average Occupancy for Lincoln Street was 98.9% <br />Revenue <br />YTD Total Operating income of $233,711 is $5,254 or 2.3% above budget <br />Expenses <br />YTD Total Operating expenses of $204,550 are $18,086 or 9.7% above budget <br />The variance to budget is due to the historical practice of not budgeting <br />non - routine expenses. <br />In 2012 the budgets for non - routine expenses will be included <br />YTD Total Net Operating Income (Loss) of $29,161 is $(12,843) or (30.5)% Tess than budgeted <br />East Street Limited Partnership <br />Utilization <br />YTD Average Occupancy for East Street was 96.1% <br />Revenue <br />YTD Total Operating income of $173,121 is $(2,004) or (1.1)% below budget. <br />Expenses <br />YTD Total Operating expenses of $149,598 are $3,578 or 2.5% above budget <br />The variance to budget is due to the historical practice of not budgeting <br />non- routine expenses <br />In 2012 the budgets for non - routine expenses will be included <br />YTD Net Operating Income (Loss) of $23,523 is $(5,582) or (19.1)% less than budgeted <br />9 <br />