|
|
Operating and Capital Budgets
|
|
| 2012 |
|
|
|
| OPERATING BUDGET |
|
|
| INCOME |
|
| Condominium Fees |
1,150,488 |
| Percent (%) Increase in
Condominium Fees |
1.2 |
|
|
| Rental/Other Income |
|
| Rent-Unit 212 |
20,100 |
| Parking Rentals |
10,120 |
| Interest Income |
100 |
| Laundry Income |
29,000 |
| Late Fees |
900 |
| Move In Fees |
6,000 |
| Within Unit Service |
5,500 |
| Soda Machine Income |
0 |
| Miscellaneous |
2,000 |
|
| Total Other Income |
73,720 |
|
|
| Interest Retained in Reserves |
30,000 |
|
|
| Total Income |
1,254,208 |
|
| The Lauren, A Condominium |
|
| Operating and Capital Budgets |
|
| 2012 |
|
|
| OPERATING EXPENSES |
|
|
| Utilities |
|
| Electricity |
141,000 |
| Water/Sewer |
52,000 |
| Gas-Domestic |
3,140 |
| Gas-Heating |
66,000 |
| Telephone |
5,500 |
| Total Utilities |
267,640 |
|
|
| Maintenance Supplies |
|
| Janitorial |
4,600 |
| Maintenance |
1,100 |
| Within Unit Service |
1,600 |
| Lighting |
1,600 |
| HVAC |
1,200 |
| Snow Removal |
500 |
| Pool Supplies |
1,400 |
| Grounds Supplies |
4,900 |
| Sub Total, Maintenance
Supplies |
16,900 |
|
|
| Repairs |
|
| Roof |
300 |
| Plumbing |
900 |
| Electrical |
1,100 |
| HVAC |
2,600 |
| Building |
1,600 |
| Locks/Keys |
1,100 |
| Garage Door |
1,100 |
| Elevators |
2,100 |
| Office Equipment &
Miscellaneous |
800 |
| Sub Total, Repairs |
11,600 |
|
|
| Total Maintenance |
28,500 |
|
|
| Personnel |
|
| Office Payroll |
186,000 |
| Maintenance/Porters Pay |
151,250 |
| Payroll Taxes |
32,376 |
| Employee Education |
850 |
| Health Insurance |
60,875 |
| Workers Compensation |
4,500 |
| Uniforms |
4,400 |
| Total Personnel |
440,251 |
| The Lauren, A Condominium |
|
| Operating and Capital Budgets |
|
| Contract Maintenance Services |
|
| Trash Removal |
16,100 |
| Communications |
4,050 |
| Elevators |
19,800 |
| HVAC |
8,460 |
| Water Treatment |
2,225 |
| Exterminator |
1,825 |
| Pool Management |
3,700 |
| Laundry Machines |
2,600 |
| Total Contract Maintenance
Services |
58,760 |
|
|
| Contract Professional
Services |
|
| Financial Management/Payroll
Services |
26,533 |
| Legal |
10,100 |
| Audit |
6,150 |
| Building Engineer |
9,100 |
| Total Contract Professional
Services |
51,883 |
|
|
| Administrative Expenses |
|
| Postage |
2,400 |
| Printing/Copying |
800 |
| Office Supplies |
800 |
| Office Equipment |
500 |
| Computer Software/Supply |
700 |
| Condo Fee For Unit 212 |
7,530 |
| Home Page |
600 |
| Miscellaneous |
1,600 |
| Total Administrative Expenses |
14,930 |
|
|
| Insurance, License, Tax |
|
| Property/Pool/D&O/Fidelity/Umbrella |
38,620 |
| Taxes |
9,100 |
| Property Tax-Unit 212 |
3,100 |
| Permits/Licenses |
600 |
| Losses/Deductibles |
2,100 |
| Total Insurance/License/Tax |
53,520 |
|
|
| TOTAL OPERATING EXPENSES |
915,484 |
| The Lauren, A Condominium |
|
| Operating and Capital Budgets |
|
|
CAPITAL BUDGET
|
|
|
| INCOME |
|
|
| Contributions to Unrestricted
Reserves |
180,584 |
| Contributions to Restricted
HVAC Reserves |
128,140 |
| Interest on Capital Reserves |
30,000 |
|
| Total Capital Income |
338,724 |
|
| CAPITAL EXPENSES |
|
|
| Chiller Repair |
30,284 |
| Cooling Tower Repair |
19,068 |
| Exhaust Fans |
23,778 |
| Security System Phased
Replacements |
10,095 |
| Contingency Reserve 2012
Budget |
60,000 |
| Laundry Equipment |
21,953 |
| Facade Repairs |
95,835 |
|
|
| Total Capital Expenses |
261,013 |
|
| NET CONTRIBUTION TO RESERVES |
77,711 |
| The Lauren, A Condominium |
|
| Operating and Capital Budgets |
|
|
| BUDGET SUMMARY |
|
|
| Income |
|
| Condominium Fees |
1,150,488 |
| Other Income |
73,720 |
| Interest on Capital Reserves |
30,000 |
|
|
| Total Income |
1,254,208 |
|
| Expenses |
|
| Operating Expenses |
915,484 |
| Net Contribution to Reserves |
77,711 |
| Anticipated Capital
Expenditures |
261,013 |
|
|
| Total Expenses |
1,254,208 |
