INCOME
|
|
| Condominium Fees |
1,136,846 |
| Percent (%) Increase in
Condominium Fees |
3.98 |
|
|
| Rental/Other Income |
|
| Rent-Unit 212 |
20,100 |
| Parking Rentals |
9,600 |
| Interest Income |
100 |
| Laundry Income |
30,300 |
| Late Fees |
600 |
| Move In Fees |
6,000 |
| Within Unit Service |
6,000 |
| Soda Machine Income |
800 |
| Miscellaneous |
1,500 |
|
|
Total Other Income
|
75,000 |
|
|
|
|
| Interest Retained in Reserves |
20,000 |
|
|
Total Income
|
1,231,846 |
|
|
| The Lauren, A Condominium |
|
| Operating and Capital Budgets |
|
|
|
OPERATING EXPENSES
|
|
|
|
| Utilities |
|
| Electricity |
155,500 |
| Water/Sewer |
48,700 |
| Gas-Domestic |
3,550 |
| Gas-Heating |
55,500 |
| Telephone |
4,000 |
Total Utilities
|
267,250 |
|
|
| Maintenance Supplies |
|
| Janitorial |
3,150 |
| Maintenance |
1,200 |
| Within Unit Service |
1,500 |
| Lighting |
1,500 |
| HVAC |
1,100 |
| Snow Removal |
400 |
| Pool Supplies |
800 |
| Grounds Supplies |
4,800 |
Sub Total, Maintenance
Supplies
|
14,450 |
|
|
| Repairs |
|
| Roof |
200 |
| Plumbing |
800 |
| Electrical |
1,200 |
| HVAC |
2,500 |
| Building |
1,800 |
| Locks/Keys |
1,000 |
| Garage Door |
1,000 |
| Elevators |
1,800 |
| Office Equipment &
Miscellaneous |
700 |
Sub Total, Repairs
|
11,000 |
|
|
Total Maintenance
|
25,450 |
|
|
|
|
| Personnel |
|
| Office Payroll |
184,500 |
| Maintenance/Porters Pay |
142,500 |
| Payroll Taxes |
31,392 |
| Employee Education |
1,000 |
| Health Insurance |
60,540 |
| Workers Compensation |
4,600 |
| Uniforms |
3,900 |
| Total Personnel |
428,432 |
| The Lauren, A Condominium |
|
| Operating and Capital Budgets |
|
| Contract Maintenance Services |
|
| Trash Removal |
14,000 |
| Communications |
3,900 |
| Elevators |
18,750 |
| HVAC |
8,650 |
| Water Treatment |
2,040 |
| Exterminator |
1,660 |
| Pool Management |
3,600 |
| Laundry Machines |
4,800 |
Total Contract Maintenance
Services
|
57,400 |
|
|
| Contract Professional
Services |
|
| Financial Management/Payroll
Services |
26,075 |
| Legal |
10,000 |
| Audit |
5,650 |
| Building Engineer |
19,000 |
Total Contract Professional
Services
|
60,725 |
|
|
| Administrative Expenses |
|
| Postage |
2,800 |
| Printing/Copying |
700 |
| Office Supplies |
700 |
| Office Equipment |
400 |
| Computer Software/Supply |
600 |
| Condo Fee For Unit 212 |
7,440 |
| Home Page |
500 |
| Miscellaneous |
1,200 |
Total Administrative Expenses
|
14,340 |
|
|
| Insurance, License, Tax |
|
| Property/Pool/D&O/Fidelity/Umbrella |
31,500 |
| Taxes |
9,000 |
| Property Tax-Unit 212 |
3,000 |
| Permits/Licenses |
500 |
| Losses/Deductibles |
2,000 |
Total Insurance/License/Tax
|
46,000 |
|
|
TOTAL OPERATING EXPENSES
|
899,597 |
| The Lauren, A Condominium |
|
| Operating and Capital Budgets |
|
|
|
|
|
CAPITAL BUDGET
|
|
|
|
INCOME
|
|
|
|
| Contributions to Unrestricted
Reserves |
169,000 |
| Contributions to Restricted
HVAC Reserves |
143,249 |
| Interest on Capital Reserves |
20,000 |
|
|
Total Capital Income
|
332,249 |
|
|
CAPITAL EXPENSES
|
|
|
|
| Chiller Repair |
30,284 |
| Cooling Tower Repair |
19,068 |
| Exhaust Fans |
23,778 |
| Security System Phased
Replacements |
10,095 |
| Sealants, Windows, Doors,
Phased Replacements |
33,970 |
| Walls, Inspection &
Partial Masonry Repointing |
66,601 |
| Facade Inspection |
2,000 |
| Reserve Study |
4,200 |
| Parking Lot Repairs |
7,000 |
| Front Entryway Modification |
25,000 |
| Computer &
Software-Business Office |
2,500 |
| Capital
Improvements-Unforeseen Capital Expenses |
60,000 |
|
|
Total Capital Expenses
|
284,496 |
|
|
NET CONTRIBUTION TO RESERVES
|
47,753
|
| The Lauren, A Condominium |
|
| Operating and Capital Budgets |
|
|
|
BUDGET SUMMARY
|
|
|
|
| Income |
|
| Condominium Fees |
1,136,846 |
| Other Income |
75,000 |
| Interest on Capital Reserves |
20,000 |
|
|
Total Income
|
1,231,846 |
|
|
| Expenses |
|
| Operating Expenses |
899,597 |
| Net Contribution to Reserves |
47,753 |
| Anticipated Capital
Expenditures |
284,496 |
|
|
Total Expenses
|
1,231,846 |
