Lakeview Accrual Basis Jun 2018 Property: Lakeview Income Revenues 4010-0000 Gross Market Rent - 30,656.00 30,656.00 30,656.00 30,656.00 30,563.00 30,499.00 30,467.00 30,403.00 30,403.00 30,339.00 30,307.00 30,275.00 365,880.00 4015-0000 Loss / (Gain) to Lease - (782.00) (372.29) 229.34 (1,561.60) 912.44 (741.86) 437.74 (71.57) 1,416.14 (929.46) (758.67) 2,183.44 (38.35) 4030-0000 Vacancy Loss - (4,460.00) (5,683.71) (5,511.34) (2,664.40) (1,688.44) (3,129.14) (2,713.64) (2,527.92) (3,713.14) (4,790.77) (1,451.33) (2,054.27) (40,388.10) 4035-0000 Vacancy Loss - Model Unit - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (277.50) 0.00 0.00 0.00 0.00 (277.50) 4040-0000 Concessions - (268.50) (36.00) (1,057.50) (988.50) (878.00) (2,795.00) (336.00) (1,788.50) (296.00) (329.75) (2,824.50) (506.25) (12,104.50) 4050-0000 Employee Rental Discount - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (858.00) 0.00 0.00 0.00 (858.00) 4079-0000 Less: Bad Debt (3,405.00) (2,283.00) (1,613.78) 0.00 (1,791.55) (4,411.81) (1,300.08) (5,458.14) (1,411.38) (1,050.44) (2,379.81) (3,464.09) (28,569.08) 4080-0000 Bad Debt Recovery - Rent 872.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,056.23 1,928.45 Revenues 22,612.72 22,281.00 22,702.72 25,441.50 27,117.45 19,421.19 26,555.02 20,279.37 25,540.62 23,238.58 22,892.69 27,490.06 285,572.92 Other Revenues 4201-0000 Locks & Rekey Fees 0.00 0.00 47.00 25.00 (25.00) 20.00 0.00 0.00 0.00 0.00 0.00 0.00 67.00 4206-0000 Administrative Fees 0.00 0.00 0.00 350.00 100.00 0.00 0.00 100.00 50.00 100.00 0.00 0.00 700.00 4212-0000 Application Fees 520.00 295.00 715.00 425.00 135.00 480.00 35.00 135.00 (440.00) 95.17 465.00 255.00 3,115.17 4215-0000 Cable Service Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 527.47 0.00 302.28 0.00 0.00 829.75 4218-0000 Cleaning Fees 0.00 45.00 4.00 122.06 45.00 0.00 0.00 45.00 72.30 0.00 0.00 235.00 568.36 4224-0000 Damage Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.00 10.00 257.70 0.00 85.00 362.70 4226-0000 Damage Fees-Carpet Cln/Rpr 0.00 307.06 (5.56) 60.00 125.44 0.00 0.00 50.44 0.00 0.00 0.00 99.00 636.38 4234-0000 Eviction Fees (166.00) 0.00 0.00 0.00 146.00 (146.00) 984.00 (984.00) 0.00 467.00 (738.00) 492.00 55.00 4242-0000 Late Fees (100.00) (250.22) 1,419.98 1,670.00 1,600.00 10.00 770.00 (214.91) 396.00 1,021.00 1,710.00 1,235.00 9,266.85 4245-0000 Laundry Income 1,016.54 0.00 355.28 (79.02) (276.26) 0.00 1,851.47 249.72 0.00 168.58 444.39 245.73 3,976.43 4257-0000 Miscellaneous Income 125.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 125.00 4260-0000 Month to Month Fees 0.00 0.00 0.00 0.00 300.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 300.00 4263-0000 Non-Refundable Fees 0.00 0.00 0.00 250.00 0.00 0.00 250.00 0.00 0.00 0.00 250.00 0.00 750.00 4266-0000 NSF Fees (50.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (50.00) 4275-0000 Pet Fees 0.00 0.00 0.00 0.00 10.00 10.00 13.00 20.00 20.00 10.00 10.00 0.00 93.00 4278-0000 Pest Control Fees 0.00 0.00 194.19 279.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 473.19 4287-0000 Transfer Fees 0.00 0.00 0.00 0.00 125.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 125.00 4290-0000 Vending Income 289.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 361.62 651.17 4310-0000 Reimbursed Electricity 19.54 7.30 163.19 50.94 29.17 95.46 70.78 0.00 0.00 0.00 0.00 65.28 501.66 4340-0000 Reimbursed Trash 348.49 (23.33) (8.00) 0.00 1,003.12 228.77 356.78 348.25 355.90 397.85 338.14 314.80 3,660.77 4360-0000 Reimbursed Water & Sewer 818.49 (60.59) (16.81) 0.00 3,370.67 426.17 798.15 860.14 906.77 1,013.79 449.21 550.60 9,116.59 Other Revenues 2,821.61 320.22 2,868.27 3,152.98 6,688.14 1,124.40 5,129.18 1,147.11 1,370.97 3,833.37 2,928.74 3,939.03 35,324.02 Income 25,434.33 22,601.22 25,570.99 28,594.48 33,805.59 20,545.59 31,684.20 21,426.48 26,911.59 27,071.95 25,821.43 31,429.09 320,896.94 Operating Expenses General & Administrative 5703-0000 Accounting Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 56.86 0.00 24.38 0.00 0.00 81.24 5709-0000 Bank charges 0.00 24.00 12.00 8.00 0.00 0.00 0.00 0.00 20.00 0.00 0.00 0.00 64.00 5715-0000 Computer Services 502.02 274.39 146.88 391.64 158.46 127.51 161.01 151.16 215.76 144.91 154.76 158.61 2,587.11 Income Statement 1.3 generated: 07/13/2018 at 12:00pm CDT Page 1 of 5
5718-0000 Computer Supplies 0.00 0.00 91.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 91.44 5724-0000 5730-0000 Dues and Subscriptions (Non- Marketing) Employee Recruitment / Search Services (185.00) 45.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 289.00 534.76 0.00 683.76 0.00 0.00 0.00 0.00 0.00 0.00 5.00 0.00 5.00 0.00 0.00 0.00 10.00 5733-0000 Internet Access - Office 0.00 10.78 5.39 0.00 5.39 0.00 75.45 5.39 5.39 5.39 5.39 5.00 123.57 5735-0000 Late Fees 0.00 0.00 0.00 0.00 0.00 0.00 39.95 0.00 41.48 0.00 0.00 45.54 126.97 5736-0000 Legal Costs / Evictions 0.00 0.00 0.00 0.00 0.00 451.00 1,009.00 0.00 (271.00) 738.00 0.00 492.00 2,419.00 5751-0000 Office Supplies 63.85 58.65 6.50 114.99 181.40 309.02 (15.09) 121.13 195.45 18.34 255.00 0.00 1,309.24 5755-0000 Payment Processing Fees 0.00 49.93 55.91 58.93 84.63 157.86 71.93 96.63 61.98 60.00 78.78 67.63 844.21 5767-0000 Resident Screening 0.00 119.00 85.00 289.00 187.00 56.00 303.00 167.00 133.00 73.00 178.00 260.00 1,850.00 5775-0000 Telephone - Cellular 0.00 97.23 0.00 35.88 0.00 99.16 0.00 0.00 0.00 50.00 0.00 0.00 282.27 5778-0000 Telephone - Office 64.64 64.61 64.61 0.00 195.02 0.00 64.75 0.00 64.67 83.82 70.00 (5.75) 666.37 5787-0000 Training and Education 0.00 5.00 0.00 0.00 10.00 5.05 40.37 7.00 6.94 7.00 7.00 7.35 95.71 5798-0000 Other G&A Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 69.00 69.00 5980-1000 Travel & Entertainment 0.00 0.00 0.00 0.00 0.00 392.02 0.00 0.00 0.00 0.00 0.00 0.00 392.02 5980-3000 T & E-Lodging 0.00 0.00 0.00 0.00 0.00 160.46 0.00 0.00 0.00 0.00 0.00 0.00 160.46 5980-4000 T & E-Meals 0.00 19.00 19.00 19.00 19.00 0.00 19.00 45.14 19.00 19.00 19.00 0.00 197.14 5980-8000 T & E-Mileage (75.00) 50.00 50.00 50.00 50.00 184.44 50.00 100.00 50.00 50.00 50.00 0.00 609.44 General & Administrative 370.51 817.59 536.73 967.44 890.90 1,942.52 1,824.37 750.31 547.67 1,562.84 1,352.69 1,099.38 12,662.95 Marketing 5106-0000 Advertising 861.47 336.47 336.47 336.47 336.47 336.47 760.47 650.00 554.90 296.45 346.45 459.80 5,611.89 5136-0000 Internet Advertising 0.00 0.00 0.00 0.00 0.00 5.00 0.00 0.00 0.00 50.00 114.65 (114.65) 55.00 5169-0000 Prospect Refreshments 0.00 24.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40.18 0.00 0.00 64.69 5175-0000 Resident Activities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 38.43 0.00 0.00 38.43 Marketing 861.47 360.98 336.47 336.47 336.47 341.47 760.47 650.00 554.90 425.06 461.10 345.15 5,770.01 Payroll Expenses 5010-0000 Wages - Area Manager 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.27 0.00 0.00 0.00 11.27 5010-1000 Wages - Property Manager 3,173.50 3,253.92 2,960.00 2,960.00 2,960.00 2,960.00 3,404.00 2,960.00 3,464.51 3,484.61 4,414.03 2,779.00 38,773.57 5010-3000 Wages - Leasing 0.00 144.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 144.70 5010-5000 Wages - Maint. Supervisor 0.00 3,187.10 976.25 547.13 301.75 1,080.05 0.00 0.00 0.00 0.00 0.00 0.00 6,092.28 5012-0000 Wages - Maintenance 0.00 806.88 0.00 994.00 875.81 1,514.70 0.00 0.00 0.00 0.00 0.00 0.00 4,191.39 5016-0000 Wages - Bonus & Commissions 0.00 0.00 219.50 0.00 1,199.00 1,122.00 1,487.80 465.00 0.00 168.00 957.00 1,510.00 7,128.30 5018-0000 Wages - Payroll Taxes 312.40 541.46 400.30 372.66 523.61 432.79 810.01 569.47 449.49 431.00 580.30 706.59 6,130.08 5020-0000 Wages - Benefits (38.97) 0.00 0.00 497.68 458.71 458.71 447.02 458.71 451.40 458.83 449.83 490.38 4,132.30 5024-0000 Wages - Workers Comp 0.00 0.00 0.00 0.00 0.00 81.14 0.00 0.00 0.00 0.00 0.00 0.00 81.14 5032-0000 Medical Benefits 497.38 495.01 495.11 (20.77) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,466.73 5033-0000 Dental Benefits 0.00 (30.44) (30.44) (15.22) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (76.10) 5034-0000 Vision Benefits 0.00 (5.96) (5.96) (2.98) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (14.90) 5037-0000 Payroll Processing & Screening 13.95 27.90 27.90 27.90 27.90 27.90 32.09 37.68 30.71 527.90 32.90 29.85 844.58 5088-0000 Uniforms & Work Clothes 185.00 0.00 292.80 0.00 0.00 0.00 0.00 0.00 9.49 0.00 0.00 0.00 487.29 5089-0000 Contracted Labor 0.00 0.00 0.00 0.00 850.00 0.00 0.00 0.00 0.00 350.00 4,385.00 835.00 6,420.00 5094-0000 Payroll Servicing Fees 13.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.95 Payroll Expenses 4,157.21 8,420.57 5,335.46 5,360.40 7,196.78 7,677.29 6,180.92 4,490.86 4,416.87 5,420.34 10,819.06 6,350.82 75,826.58 Maintenance 5210-0000 Landscaping - Supplies 0.00 0.00 0.00 32.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32.44 5230-0000 Plants and Flowers 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 200.00 (200.00) 0.00 0.00 5290-0000 Safety Tools / Equipment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 48.87 0.00 0.00 48.87 5305-0000 Appliance Repair 0.00 0.00 0.00 0.00 0.00 41.35 0.00 0.00 0.00 0.00 0.00 0.00 41.35 5310-0000 Bathrooms R&M 250.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 250.00 Income Statement 1.3 generated: 07/13/2018 at 12:00pm CDT Page 2 of 5
5340-0000 Doors and Windows 0.00 79.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 79.46 5345-0000 Flooring 0.00 0.00 27.06 (27.06) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5365-0000 Locks and Keys 171.66 0.00 0.00 0.00 0.00 137.65 0.00 80.18 116.08 0.00 0.00 205.31 710.88 5390-0000 Screens and Window Coverings 0.00 36.32 35.03 90.80 82.15 55.92 0.00 85.93 57.67 29.62 0.00 80.88 554.32 5395-0000 Vinyl Repair 0.00 0.00 195.00 0.00 135.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 330.00 5404-0000 Appliance Supplies 0.00 155.19 99.29 0.00 44.22 191.01 27.80 121.58 129.06 46.45 0.00 286.84 1,101.44 5406-0000 Bathrooms Expense-G 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16.56 0.00 0.00 16.56 5416-0000 Electrical Service 7.57 0.00 0.00 0.00 0.00 0.00 255.00 0.00 0.00 0.00 0.00 0.00 262.57 5418-0000 Electrical Supplies 0.00 218.39 0.00 0.00 191.11 64.86 0.00 0.00 104.49 0.00 0.00 0.00 578.85 5424-0000 Fire/Life Safety 0.00 0.00 0.00 0.00 0.00 58.43 0.00 0.00 0.00 0.00 0.00 0.00 58.43 5430-0000 Fuel Expense 0.00 0.00 0.00 2.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.00 5436-0000 General Cleaning 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76.11 0.00 170.64 246.75 5438-0000 General Supplies 0.00 19.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.86 5438-1000 Repairs & Maint - Contract 0.00 0.00 4,050.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,050.95 5440-0000 Glass & Screen Expense 0.00 31.13 0.00 77.00 336.04 0.00 0.00 0.00 0.00 0.00 0.00 33.63 477.80 5443-0000 Hardware 0.00 511.64 247.84 441.73 154.92 246.90 (23.22) 320.09 612.90 0.00 0.00 335.06 2,847.86 5444-0000 HVAC Service 236.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 236.89 5446-0000 HVAC Supplies 0.00 465.27 0.00 112.50 51.94 135.77 0.00 0.00 0.00 83.75 0.00 0.00 849.23 5448-0000 Janitorial Service 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 220.00 220.00 5450-0000 Janitorial Supplies 0.00 102.87 0.00 0.00 178.24 88.15 0.00 0.00 0.00 0.00 0.00 0.00 369.26 5454-0000 Lighting 0.00 267.92 62.92 0.00 0.00 56.90 0.00 0.00 167.88 146.04 0.00 182.93 884.59 5456-0000 Locks & Keys-G 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 78.35 0.00 0.00 78.35 5460-0000 Paint Supplies 0.00 399.97 139.26 470.11 718.81 281.84 740.23 664.53 365.54 0.00 436.10 25.90 4,242.29 5466-0000 Plumbing Service 95.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 95.71 5468-0000 Plumbing Supplies 0.00 181.38 12.34 122.19 169.06 147.21 (52.44) 201.16 1,153.49 370.25 0.00 337.11 2,641.75 5484-0000 Tools and Equipment 0.00 957.58 0.00 0.00 0.00 283.76 0.00 0.00 0.00 0.00 0.00 0.00 1,241.34 5490-0000 Water Extraction 0.00 0.00 400.00 0.00 0.00 300.00 850.00 275.00 0.00 0.00 0.00 0.00 1,825.00 5499-0000 General R&M - Non-Routine Expenses (154.86) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (154.86) Maintenance 606.97 3,426.98 5,269.69 1,321.71 2,061.49 2,089.75 1,797.37 1,748.47 2,707.11 1,096.00 236.10 1,878.30 24,239.94 Make Ready - Unit Prep 5315-0000 Carpet Repair (797.22) 0.00 0.00 0.00 40.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (757.22) 5320-0000 Carpet Cleaning (291.60) 0.00 297.68 113.66 99.95 614.25 81.19 92.01 114.95 382.03 137.72 29.23 1,671.07 5330-0000 Cleaning Supplies 0.00 53.74 0.00 30.59 21.64 175.69 (15.06) 145.53 0.00 3.41 0.00 0.00 415.54 5370-0000 Painting Service 101.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 231.87 0.00 0.00 333.09 5375-0000 Painting Supplies 0.00 0.00 0.00 0.00 0.00 150.29 356.16 (34.68) 0.00 7.31 73.66 104.28 657.02 5385-0000 Resurfacing 0.00 45.00 0.00 1,170.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,215.00 Make Ready - Unit Prep (987.60) 98.74 297.68 1,314.25 161.59 940.23 422.29 202.86 114.95 624.62 211.38 133.51 3,534.50 Utilities 5504-0000 Electricity - Common Area 267.98 278.43 0.00 628.99 307.69 285.69 0.00 300.91 279.95 275.88 285.00 263.70 3,174.22 5508-0000 Electricity - Vacant 401.01 805.44 946.17 721.80 580.80 391.23 1,467.49 0.00 462.68 376.00 311.23 431.17 6,895.02 5536-0000 Water - Common Area 0.00 1,124.04 71.64 502.44 481.20 479.29 540.47 536.67 212.06 353.13 450.00 541.24 5,292.18 5552-0000 Sewer - Common Area 0.00 2,177.42 40.85 895.09 816.43 814.37 880.37 876.27 529.49 700.99 950.00 923.97 9,605.25 5576-0000 Garbage 434.88 434.88 473.85 497.15 434.88 561.83 566.68 467.61 467.61 465.73 565.00 864.96 6,235.06 Utilities 1,103.87 4,820.21 1,532.51 3,245.47 2,621.00 2,532.41 3,455.01 2,181.46 1,951.79 2,171.73 2,561.23 3,025.04 31,201.73 Contract Services 5205-0000 Landscaping - Service 120.00 270.00 120.00 0.00 240.00 120.00 0.00 0.00 100.00 60.00 150.00 (50.00) 1,130.00 5380-0000 Pest Control 162.38 1,001.32 811.88 0.00 487.14 162.37 470.90 162.38 351.82 168.87 160.00 596.60 4,535.66 5591-0000 Utility Processing Fees 261.50 0.00 0.00 0.00 234.50 192.50 178.50 189.00 178.50 192.50 182.00 267.50 1,876.50 Income Statement 1.3 generated: 07/13/2018 at 12:00pm CDT Page 3 of 5
5610-0000 Management Fees - Property 838.35 813.41 862.56 897.00 996.45 1,000.26 840.80 1,965.38 934.56 965.27 1,044.19 1,113.81 12,272.04 5670-0000 Management Fees - Admin Services 0.00 500.00 500.00 500.00 500.00 500.00 500.00 1,600.00 800.00 800.00 800.00 800.00 7,800.00 5772-0000 Telephone - Answering Service 0.00 0.00 0.00 0.00 0.00 0.00 196.30 96.29 96.29 96.29 0.00 22.27 507.44 Contract Services 1,382.23 2,584.73 2,294.44 1,397.00 2,458.09 1,975.13 2,186.50 4,013.05 2,461.17 2,282.93 2,336.19 2,750.18 28,121.64 Taxes - Property 5855-0000 Property Taxes 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,317.33 2,317.33 2,317.33 2,317.33 2,317.33 2,317.33 26,503.98 Taxes - Property 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,100.00 2,317.33 2,317.33 2,317.33 2,317.33 2,317.33 2,317.33 26,503.98 Insurance - Property 5830-0000 Insurance - Property 1,039.20 1,039.20 1,039.20 1,039.20 1,039.20 1,039.20 877.74 877.74 877.74 877.74 877.74 877.74 11,501.64 Insurance - Property 1,039.20 1,039.20 1,039.20 1,039.20 1,039.20 1,039.20 877.74 877.74 877.74 877.74 877.74 877.74 11,501.64 Operating Expenses 10,633.86 23,669.00 18,742.18 17,081.94 18,865.52 20,638.00 19,822.00 17,232.08 15,949.53 16,778.59 21,172.82 18,777.45 219,362.97 Net Operating Income 14,800.47 (1,067.78) 6,828.81 11,512.54 14,940.07 (92.41) 11,862.20 4,194.40 10,962.06 10,293.36 4,648.61 12,651.64 101,533.97 Non-operating Expenses Debt Service - Interest and Other 9000-1000 Mortgage Interest - First 2,886.68 2,886.68 2,886.68 2,886.68 2,886.68 2,886.68 2,886.68 0.00 4,157.14 4,602.55 4,454.08 4,602.55 38,023.08 9000-8000 Other Financing Fees 0.00 0.00 0.00 0.00 0.00 9,950.00 0.00 0.00 0.00 0.00 0.00 0.00 9,950.00 Debt Service - Interest and Other 2,886.68 2,886.68 2,886.68 2,886.68 2,886.68 12,836.68 2,886.68 0.00 4,157.14 4,602.55 4,454.08 4,602.55 47,973.08 Investment & Reserve Expenses 5620-0000 Management Fees - Partnership 450.00 450.00 450.00 450.00 450.00 450.00 450.00 450.00 900.00 450.00 450.00 450.00 5,850.00 8010-0000 Accounting Services 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,400.00 0.00 1,400.00 8507-0000 PY Adjusted Expense 0.00 0.00 0.00 0.00 0.00 3,772.39 0.00 0.00 0.00 0.00 0.00 0.00 3,772.39 Investment & Reserve Expenses 450.00 450.00 450.00 450.00 450.00 4,222.39 450.00 450.00 900.00 450.00 1,850.00 450.00 11,022.39 Non-operating Expenses 3,336.68 3,336.68 3,336.68 3,336.68 3,336.68 17,059.07 3,336.68 450.00 5,057.14 5,052.55 6,304.08 5,052.55 58,995.47 TOTAL NET INCOME 11,463.79 (4,404.46) 3,492.13 8,175.86 11,603.39 (17,151.48) 8,525.52 3,744.40 5,904.92 5,240.81 (1,655.47) 7,599.09 42,538.50 Debt Service - Principle 2205-0000 Mortgage Note Payable - First 2,184.88 2,184.88 2,184.88 2,184.88 2,184.88 2,184.88 2,184.88 (423,070.13) 0.00 0.00 0.00 0.00 (407,775.97) Debt Service - Principle 2,184.88 2,184.88 2,184.88 2,184.88 2,184.88 2,184.88 2,184.88 (423,070.13) 0.00 0.00 0.00 0.00 (407,775.97) Capital Improvement Expense 1504-0000 Appliances 0.00 1,241.95 0.00 308.51 0.00 109.00 572.38 0.00 2,045.24 0.00 0.00 71.21 4,348.29 1508-0000 Carpet 0.00 0.00 0.00 339.56 0.00 565.78 0.00 667.49 381.30 0.00 0.00 0.00 1,954.13 1518-0000 Countertops 0.00 0.00 0.00 0.00 535.00 239.23 0.00 0.00 0.00 145.00 435.00 410.00 1,764.23 1523-0000 Doors 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 119.16 119.16 1524-0000 Electrical 0.00 0.00 0.00 0.00 0.00 0.00 0.00 88.53 0.00 0.00 0.00 0.00 88.53 1542-0000 HVAC 0.00 2,372.60 0.00 0.00 0.00 216.48 0.00 0.00 572.11 2,248.06 0.00 1,219.01 6,628.26 1544-0000 Interior R&M/Mold 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 450.00 450.00 1552-0000 Lighting/Ceiling Fans 269.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 269.55 1554-0000 Hot Water Heaters/Boiler 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 349.00 0.00 0.00 0.00 349.00 1558-0000 Office Equipment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 120.31 120.31 1559-0000 Tubs & Surrounds 0.00 0.00 0.00 0.00 165.00 0.00 216.50 0.00 120.00 0.00 360.00 815.00 1,676.50 1562-0000 Painting 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24,000.00 0.00 0.00 0.00 24,000.00 1564-0000 Parking Lot 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 44,000.00 0.00 0.00 0.00 44,000.00 Income Statement 1.3 generated: 07/13/2018 at 12:00pm CDT Page 4 of 5
1574-0000 Plumbing 0.00 0.00 0.00 0.00 162.37 0.00 138.61 2,750.00 64.99 54.14 0.00 1,274.37 4,444.48 1588-0000 Signage 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,000.00 0.00 0.00 0.00 2,000.00 1590-0000 Stairways 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,600.00 0.00 0.00 0.00 0.00 1,600.00 1598-0000 Flooring 0.00 0.00 0.00 0.00 0.00 130.00 0.00 0.00 0.00 0.00 0.00 0.00 130.00 Capital Improvement Expense 269.55 3,614.55 0.00 648.07 862.37 1,260.49 927.49 5,106.02 73,532.64 2,447.20 795.00 4,479.06 93,942.44 Total Adjusted Cash Flow 9,009.36 (10,203.89) 1,307.25 5,342.91 8,556.14 (20,596.85) 5,413.15 421,708.51 (67,627.72) 2,793.61 (2,450.47) 3,120.03 356,372.03 Income Statement 1.3 generated: 07/13/2018 at 12:00pm CDT Page 5 of 5