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<br />Louisville Housing Authority <br />Financial Update - April 2010 <br /> <br />April 2010 - Year to Date <br />Louisville Housing Authority Financial Statements <br /> <br />Total rental income is under budget by 1 % or $2,126 for the period ending Apri12010. Lilac was at 85% <br />occupancy through March, but as of Apri130 there are no vacant units. All other projects are at or above <br />their budgeted occupancy rate through April. <br /> <br />Total tenant charges are over budgeted amounts by 50% or $1,163. Current month work order charges <br />relate to two move-outs at Hillside. <br /> <br />Administrative expenses are 5% or $2,135 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 6% or $1,513. <br /> <br />Maintenance salary and contract expenses are under budget by 2% or $673. <br /> <br />Maintenance Materials are under budget by $6% or $315. <br /> <br />See the attached schedule for Non-Routine Expense for the month. <br /> <br />General Operating Expenses are under budgeted amounts by 32% or $3,195. There is no bad debt in the <br />current month. <br /> <br />6 <br />