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<br />Maint Contracts - Lawn/Landscaping $1,822 <br />Maint Contracts - Painting $560 <br />Maint Contracts - Pest Control $1,085 <br />Maint Contracts - Plumbing $1,049 <br />Maint Contracts - Snow Removal $1,065 <br />Maint Contracts - Mgmt $81 <br />Total Maintenance Salary and Contract $27,570 <br />Maintenance Materials Expense <br />Maint - Supplies - Maint $2,574 <br />Total Maintenance Materials Expense $2,574 <br />Non-Routine Expense <br />Non-Routine Expense - Interior $7,907 <br />Non-Routine Expense - Exterior $1,286 <br />Total Non-Routine Expense $9,193 <br />General Expenses <br />Insurance Expense $11,466 <br />Bad Debt Expense - TARS $0 <br />Interest Expense - Notes and Bonds $57,056 <br />Amortization Expense - Finance Fees $309 <br />Total General Expense $68,831 <br />Total Operating Expense $212,813 $591 <br />Net Operating Income (Loss) $27,788 $77 <br />Non-Operating Expenses <br />Depreciation Expe,nse $98,868 <br />Deferred Interest Expense $7,049 <br />Total Non-Operating Expense $105,917 $294 <br />Total Net Income (Loss) ($78,129} ($217) <br />NOI - Real Estate Model <br />Total Net Income ($78,129) ($217) <br />Add Back: <br />Interest $64,105 $178 <br />Deprecitation $99,177 $275 <br />Total Add Backs $163,282 $454 <br />NOI $85,153 $237 36% <br />Capital Improvement Fund $250/unit $90,000 $250 <br />Funds Available for Debt Service $4,847 $13 <br />Debt Service <br />Principal $18,469 $51 <br />Interest $57,056 $158 <br />Total Debt Service $75,525 $210 <br />Surplus (Shortfall) ($70,678) ($196) <br />Debt Service Coverage 1.11 minimum -7% -7% <br /> 7 <br />