Budget Worksheet
Income and Expense Projections
U.S. Department of Housing and Urban Development Office of Housing Federal Housing Commissioner
OMB Approval No. 2502-0324 (exp. 7/31/2009)
Public reporting burden for this collection of information is estimated to average 1.5 hours per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number. This information is collected in accordance with Title II of the National Housing Act which requires that HUD regulate rents for certain cooperative and subsidized rental projects. The Department formulated the processes by which owners could request increases. The requirement for tenant participation in the rent increase process, which is included in Section 202(b) of the HCD Amendments of 1978, necessitated that the Department design procedures to give consideration to tenant comments. The information gathered is not of a confidential nature. The information is required in order to obtain benefits.
Project Number Name of Project
Description of Account Rental Income 5100
Acct.No.Statement of Profit/Loss FY__ 5120 5121 5140 5170 5180 5190 5191 5192 5193 5194 5100T 5220 5240 5250 5270 5290 5200T 5152N 5300 5410 5430 5440 5490 5400T 5910 5920 5945 5970 5990 5900T 5000T 6203 6204 6210 6250 6310 6311 6312 6320 6330 6331 6340 6350 6351 6390 6263T
Current FY (no. of mos.
)
Budget from (
) to (
)
Rent Revenue - Gross Potential Tenant Assistance Payments Rent Revenue - Stores and Commercial Garage and Parking Spaces Flexible Subsidy Revenue Miscellaneous Rent Revenue Excess Rent Rent Revenue/ Insurance Special Claims Revenue Retained Excess Income Total Rent Revenue Potential at 100% Occupancy Vacancies Apartments 5200 Stores and Commercial Rental Concessions Garage and Parking Spaces Miscellaneous Total Vacancies Net Rental Revenue (Rent Revenue less Vacancies) Income Nursing Homes/ Assisted Living/ Board & Care/ 5300 Other Elderly Care/ Coop/ Other Revenues Financial Financial Revenue -Project Operations Revenue Revenue from Investments-Residual Receipts 5400 Revenue from Investments-Replacement Reserve Revenue from Investments-Miscellaneous Total Financial Revenue Other Laundry and Vending Revenue Revenue Tenant Charges 5900 Interest Reduction Payments Revenue Gifts (nonprofits) Miscellaneous Revenue Total Other Revenue Total Revenue Admin. Conventions and Meetings Expenses Management Consulants 6200/ Advertising and Marketing 6300 Other Renting Expense Office Salaries Office Expenses Office or Model Apartment Rent Management Fee Manager or Superintendent Salaries Administrative Rent Free Unit Legal Expenses - Project Audit Expenses Bookkeeping Fees/Accounting Services Miscellaneous Administrative Expenses Total Administrative Expenses
Previous editions are obsolete
page 1 of 2
ref. Handook 4350.1
form HUD-92547-A (8/2000)
Description of Account Utilities 6400 Fuel Oil/Coal Electricity Water Gas Sewer Total Utilities Expense Operating Payroll & Mainten. Supplies Expenses Contracts 6500 Operating and Maintenance Rent Free Unit Garbage and Trash Removal Security Payroll/Contract Security Rent Free Unit Heating/Cooling Repairs and Maintenance Snow Removal Vehicle & Maint. Equip. Oper. and Repair Misc. Operating & Maintenance Expenses Total Operating & Maintenance Expenses Real Estate Taxes Payroll Taxes (Project's share)
Acct.No.Statement of Profit/Loss FY__ 6420 6450 6451 6452 6453 6400T 6510 6515 6520 6521 6525 6530 6531 6546 6548 6570 6590 6500T 6710 6711 6720 6721 6722 6723 6790 6700T 6820 6830 6840 6850 6890 6800T 6900 6000T
Current FY (no. of mos.
)
Budget from (
) to (
)
Taxes and Insurance 6700
Financial Expenses 6800
Expenses 6900
Property and Liability Insurance (Hazard) Fidelity Bond Insurance Workmen’s Compensation Health Insurance & Other Employee Benefits Misc. Taxes, Licen., Permits, & Insurance Total Taxes & Insurance Interest on Mortgage Payable Interest on Notes Payable (Long-Term) * Interest on Notes Payable (Short-Term) * Mortgage Insurance Premium/Service Charge Miscellaneous Financial Expenses Total Financial Expenses Nursing Homes/ Assisted Living/ Board & Care/ Other Elderly Care/ Coop/ Other Revenues Total Cost of Operations
Reserve for Replacements Dep. Required Principal Payments Required Debt Service for other approved loans Debt Service Reserve (if required) General Operating Reserve (Coops) Total Cash Requirements Less Total Revenue Net Cash Surplus (Deficiency)
I hereby certify that all the information stated herein, as well as any information provided in the accompaniment herewith, is true and accurate. Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18 U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 3802)
(Signature) Date (mm/dd/yyyy)
Previous editions are obsolete
* HUD Approved Secondary Financing Only for Budget Projections.
page 2 of 2
ref. Handook 4350.1
form HUD-92547-A (8/2000)