Adopted                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                      Budget                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                        1996                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
INCOME                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
Condominium Fees                                     666,754                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Rental Income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Rent - Unit 212                                        9,300                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Parking Rentals                                        7,980                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Total Rental Income                                   17,280                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Interest Income                                        9,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Laundry Income                                        18,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Other Income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Late Fees                                              1,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Move In Fees                                           2,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Vending Machine Income                                   200                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Within Unit Service                                    4,200                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Miscellaneous                                            707                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Total Other Income                                     9,107                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Transfers To Reserves                                157,753                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Transfers From Reserves                              169,700                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
TOTAL INCOME                                        $732,088                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
EXPENSES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Utilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
Electricity                                          109,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Water/Sewer                                           29,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Gas-Domestic                                           4,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Gas/Fuel Oil                                          35,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Telephone                                              3,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Total Utilities                                     $180,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Maintenance Supplies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
Janitorial                                             2,750                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Maintenance                                            2,250                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Lighting                                               1,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
HVAC                                                   1,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Snow Removal                                           1,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Pool Supplies                                            250                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Grounds Supplies                                       4,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Sub Total, Maintenance Supplies                       13,250                                                                                                                                                                                                                                                                                                                                                                                                                                                        
The Lauren, A Condominium                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
1996 Budget                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                    Proposed                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                      Budget                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                        1996                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Repairs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Roof                                                   1,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Plumbing                                               2,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Electrical                                             3,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
HVAC                                                   3,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Building                                               6,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Lock/Keys                                                750                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Garage Door                                            1,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Elevators                                              1,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Office Equipment & Miscellaneous                     300                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Sub Total, Repairs                                   $20,050                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Total Maintenance                                    $33,300                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Personnel                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
Office Payroll                                       120,924                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Maintenance/Porters Payroll                           60,700                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Payroll Taxes                                         19,979                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Employee Education                                     1,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Health Insurance                                      15,750                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Workers Compensation                                   3,935                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Uniforms                                               2,550                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Total Personnel                                     $225,338                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Contract Maintenance Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
Trash Removal                                         11,100                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Pagers                                                   800                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Elevators                                              9,400                                                                                                                                                                                                                                                                                                                                                                                                                                                        
HVAC                                                  12,200                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Water Treatment                                        1,200                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Exterminator                                           1,100                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Pool Management                                        3,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Laundry Machines                                       1,250                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Total Contract Maintenance Services                  $40,550                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Contract Professional Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
Financial Management                                  11,400                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Legal                                                 12,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Audit                                                  2,800                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Building Engineer                                     13,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Engineer/Architect                                     2,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Total Contract Professional Services                 $41,700                                                                                                                                                                                                                                                                                                                                                                                                                                                        
The Lauren, A Condominium                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
1996 Budget                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

                                                      Budget                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                        1996                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Administrative Expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Postage                                                2,300                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Printing/Copying                                         750                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Office Supplies                                        1,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Office Equipment                                         400                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Computer Software and Supplies                           600                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Condo Fee for Unit 212                                 4,400                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Miscellaneous                                          3,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Total Administrative Expenses                        $12,950                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Insurance, Licenses, Taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
Property and Pool Insurance                           19,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Taxes                                                  1,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Permits/Licenses                                       2,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Losses/Deductibles                                     1,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Mortgage Payment                                       4,550                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Total Insurance, Licenses, Taxes                     $28,050                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
TOTAL OPERATING EXPENSES                            $562,388                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
CAPITAL EXPENSES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Building Redecoration Master Plan                     10,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Hallway Renovation                                    80,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Replace Parking Lot Gate Motor/Control                 3,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Hot Water Storage Tank Replacement                    30,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Oil Tank Disposal                                     15,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Repairs to Pool Deck Railing                           4,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Pool Deck Planters                                     2,500                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Air Conditioning Drive Controller                      1,100                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Replace Chiller Pump                                   6,200                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Cooling Water Controller                               2,400                                                                                                                                                                                                                                                                                                                                                                                                                                                        
Miscellaneous Capital Expenses                        15,000                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
TOTAL CAPITAL EXPENSES                              $169,700                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
TOTAL EXPENSES                                      $732,088                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Surplus/Deficit                                           $0