mshda budget 450 133289 7 by 1WDs6Hn

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									                                                                                          Exhibit C       Development:
BUDGET FORM #450
                                                                                                          MSHDA #:              #N/A            Budget Year
                                                                                                                                                                  2008
This form is issued under authority of Act 246 P.A. 1966.
Filing is Required - Failure to comply is in violation of the Regulatory Agreement.
See procedure for Implementing Operating Budgets for completing this form.

                                                                                                           PREVIOUS 12                      Variances of Variances     Variance
                                                                                                                                 PROPOSED
                                                                                           2007 BUDGET       MONTH                          Greater than of Greater    Requires
                                                                                                                                2008 BUDGET
                                                                                                            EXPENSES                            20%      than $2,000    Detail
INCOME

1.        Gross Rent Potential-GRP                                                    1                                                                   0%       0      YES

         Deductions                                                                                                      #N/A

         a. Vacancy Loss:                                                       1a                                                                        0%       0       NO

         b. Non-Rental Unit:                                                    1b                                                                        0%       0       NO

         c. Bad Debt/Former
                                                                                1c                                                                        0%       0       NO
             Residents:
         d. Marketing Rent
                                                                                1d                                                                        0%       0       NO
             Concessions:
         e. Net Chg in Rec:                                                     1e
         f. Net Chg in URI:                                                     1f
            Total Deductions:                                                                         0                    0                0
            Net Rent Collected:
                                                                                                      0                    0                0
            (GRP Minus Total Ded)
 2.       Other Income

         a. Replacement Reserve:                                                2a                                                                        0%       0       NO

         b. DCE Principal:                                                      2b                                                                        0%       0       NO

         c. DCE Interest:                                                       2c                                                                        0%       0       NO

         d. Operating Reserve                                                   2d                                                                        0%       0       NO
            Cash:
         e. Miscellaneous Special
                                                                                2e                                                                        0%       0       NO
            Escrows:

             rev. 8/07                                                                                                                                                   1 of 18
                                                                                          Exhibit C       Development:
BUDGET FORM #450
                                                                                                          MSHDA #:           #N/A            Budget Year
                                                                                                                                                               2008
This form is issued under authority of Act 246 P.A. 1966.
Filing is Required - Failure to comply is in violation of the Regulatory Agreement.
See procedure for Implementing Operating Budgets for completing this form.

                                                                                                           PREVIOUS 12                   Variances of Variances     Variance
                                                                                                                              PROPOSED
                                                                                           2007 BUDGET       MONTH                       Greater than of Greater    Requires
                                                                                                                             2008 BUDGET
                                                                                                            EXPENSES                         20%      than $2,000    Detail
         f.      Advances:                                                       2f                                                                    0%       0       NO

         g. Late Charges:                                                       2g                                                                     0%       0       NO

         h. Laundry:                                                            2h                                                                     0%       0       NO

         i.      Commercial Income:                                               2i                                                                   0%       0       NO

         j.      Subsidies/Grants:                                                2j                                                     0             0%       0       NO

         k. Interest Income:                                                    2k                                                                     0%       0       NO

         l.      Excess Rental Income:                                            2l                                                                   0%       0       NO

         m. Other:                                                             2m                                                                      0%       0       NO

             Total Other Income:                                                                      0                  0               0
 3.        TOTAL INCOME:
           (Net Rent Collected Plus                                                   3               0                  0               0
           Total Other Income)
 EXPENDITURES

         Administrative

 4.        Management Fees

         a. Management Fees:                                                    4a                                                                     0%       0       NO

         b. Premium Management
                                                                                4b                                                       0             0%       0       NO
            Fees:
              Total Management                                                                        0                  0               0
              Fees:
              rev. 8/07                                                                                                                                               2 of 18
                                                                                          Exhibit C       Development:
BUDGET FORM #450
                                                                                                          MSHDA #:           #N/A            Budget Year
                                                                                                                                                               2008
This form is issued under authority of Act 246 P.A. 1966.
Filing is Required - Failure to comply is in violation of the Regulatory Agreement.
See procedure for Implementing Operating Budgets for completing this form.

                                                                                                           PREVIOUS 12                   Variances of Variances     Variance
                                                                                                                              PROPOSED
                                                                                           2007 BUDGET       MONTH                       Greater than of Greater    Requires
                                                                                                                             2008 BUDGET
                                                                                                            EXPENSES                         20%      than $2,000    Detail
 5.        Marketing

         a. Advertising:                                                        5a                                                                     0%       0       NO

         b. Marketing Payroll:                                                  5b                                                                     0%       0       NO

         c. Other:                                                              5c                                                                     0%       0       NO

                      Total Marketing:                                                                0                  0               0

 6.       Legal :                                                                     6                                                                0%       0       NO

 7.       Other Administrative

         a. Administrative Payroll:                                             7a                                                                     0%       0       NO

         b. Temp Administrative
                                                                                7b                                                                     0%       0       NO
            Services:
         c. Employee Pension
                                                                                7c                                                                     0%       0       NO
            Plans:
         d. Employer Payroll                                                    7d                                                                     0%       0       NO
            Taxes:
         e. Taxes Other:                                                        7e                                                                     0%       0       NO

         f.      Telephone:                                                      7f                                                                    0%       0       NO

         g. Office:                                                             7g                                                                     0%       0       NO

         h. Auditing:                                                           7h                                                                     0%       0       NO

         i.      Credit Reports:                                                  7i                                                                   0%       0       NO


              rev. 8/07                                                                                                                                               3 of 18
                                                                                          Exhibit C       Development:
BUDGET FORM #450
                                                                                                          MSHDA #:           #N/A            Budget Year
                                                                                                                                                               2008
This form is issued under authority of Act 246 P.A. 1966.
Filing is Required - Failure to comply is in violation of the Regulatory Agreement.
See procedure for Implementing Operating Budgets for completing this form.

                                                                                                           PREVIOUS 12                   Variances of Variances     Variance
                                                                                                                              PROPOSED
                                                                                           2007 BUDGET       MONTH                       Greater than of Greater    Requires
                                                                                                                             2008 BUDGET
                                                                                                            EXPENSES                         20%      than $2,000    Detail
         j.      Human Services
                                                                                  7j                                                                   0%       0       NO
                 Program:
         k. Miscellaneous:                                                      7k                                                                     0%       0       NO

                Total Other                                                                           0                  0               0
                Administrative:
                   Total                                                                              0                  0               0
                   Administrative:
         Utilities

 8.       Electricity:                                                                8                                                                0%       0       NO

 9.       Water & Sewer:                                                              9                                                                0%       0       NO

10.        Fuel:                                                                10                                                                     0%       0       NO

                             Total Utilities:                                                         0                  0               0

         Operating & Maintenance

11. Maintenance

         a. Maintenance Payroll:                                             11a                                                                       0%       0       NO

         b. Temp Maintenance/
                                                                             11b                                                                       0%       0       NO
            Janitorial Services:
                             Total Maintenance:                                                       0                  0               0

12. Janitorial

         a. Janitorial Payroll:                                              12a                                                                       0%       0       NO


              rev. 8/07                                                                                                                                               4 of 18
                                                                                      Exhibit C       Development:
BUDGET FORM #450
                                                                                                      MSHDA #:           #N/A            Budget Year
                                                                                                                                                           2008
This form is issued under authority of Act 246 P.A. 1966.
Filing is Required - Failure to comply is in violation of the Regulatory Agreement.
See procedure for Implementing Operating Budgets for completing this form.

                                                                                                       PREVIOUS 12                   Variances of Variances     Variance
                                                                                                                          PROPOSED
                                                                                       2007 BUDGET       MONTH                       Greater than of Greater    Requires
                                                                                                                         2008 BUDGET
                                                                                                        EXPENSES                         20%      than $2,000    Detail
         b. Janitorial Supplies:                                             12b                                                                   0%       0       NO

                             Total Janitorial:                                                    0                  0               0

13. Grounds
         a. Grounds Maintenance                                              13a                                                                   0%       0       NO
            Payroll:
         b. Temporary Grounds                                                13b                                                                   0%       0       NO
            Services:
         c. Snow Removal:                                                     13c                                                                  0%       0       NO

         d. Lawn Maintenance:                                                13d                                                                   0%       0       NO

         e. Parking Lot/Concrete                                             13e                                                                   0%       0       NO
            Repairs:
                 Total Grounds:                                                                   0                  0               0
14. Non-Capitalized Repairs
    and Maintenance
    a. Painting Units:                                                       14a                                                                   0%       0       NO

         b. Cleaning Units:                                                  14b                                                                   0%       0       NO

         c. Heating & Air
                                                                              14c                                                                  0%       0       NO
            Conditioning:
         d. Plumbing:                                                        14d                                                                   0%       0       NO

         e. Electrical:                                                      14e                                                                   0%       0       NO

         f.      Pool Maintenance:                                             14f                                                                 0%       0       NO


              rev. 8/07                                                                                                                                           5 of 18
                                                                                      Exhibit C       Development:
BUDGET FORM #450
                                                                                                      MSHDA #:           #N/A            Budget Year
                                                                                                                                                           2008
This form is issued under authority of Act 246 P.A. 1966.
Filing is Required - Failure to comply is in violation of the Regulatory Agreement.
See procedure for Implementing Operating Budgets for completing this form.

                                                                                                       PREVIOUS 12                   Variances of Variances     Variance
                                                                                                                          PROPOSED
                                                                                       2007 BUDGET       MONTH                       Greater than of Greater    Requires
                                                                                                                         2008 BUDGET
                                                                                                        EXPENSES                         20%      than $2,000    Detail
         g. Elevator:                                                        14g                                                                   0%       0       NO

         h. Exterior Cycle
                                                                             14h                                                                   0%       0       NO
            Painting/Waterproofing:
         i.      Common Area Costs:                                            14i                                                                 0%       0       NO

         j.      Other:                                                        14j                                                                 0%       0       NO

         Total Non-Capitalized Repairs                                                            0                  0               0
         & Maintenance:
15. Other Operating
         a. Vehicle & Equipment                                              15a                                                                   0%       0       NO
            Operating Expense:
         b. Exterminating:                                                   15b                                                                   0%       0       NO

         c. Rubbish Removal:                                                  15c                                                                  0%       0       NO

         d. Security Payroll:                                                15d                                                                   0%       0       NO

         e. Other:                                                           15e                                                                   0%       0       NO


                      Total Other Operating:                                                      0                  0               0

                             Total Operating &
                                                                                                  0                  0               0
                             Maintenance:
         Escrow Funding & Debt
         Service
16. Escrow Funding

              rev. 8/07                                                                                                                                           6 of 18
                                                                                      Exhibit C       Development:
BUDGET FORM #450
                                                                                                      MSHDA #:           #N/A            Budget Year
                                                                                                                                                           2008
This form is issued under authority of Act 246 P.A. 1966.
Filing is Required - Failure to comply is in violation of the Regulatory Agreement.
See procedure for Implementing Operating Budgets for completing this form.

                                                                                                       PREVIOUS 12                   Variances of Variances     Variance
                                                                                                                          PROPOSED
                                                                                       2007 BUDGET       MONTH                       Greater than of Greater    Requires
                                                                                                                         2008 BUDGET
                                                                                                        EXPENSES                         20%      than $2,000    Detail
         a. Real Estate Tax                                                  16a                                                                   0%       0      #N/A
            Escrow:
         b. Property & Liability                                             16b                                                                   0%       0      #N/A
            Insurance:
         c. Replacement Reserve:                                              16c                                                                  0%       0       NO

         d. Loan Repayment:                                                  16d                                                                   0%       0       NO

         e. Other:                                                           16e                                                                   0%       0       NO

                      Total Escrow Funding:                                                       0                  0               0

17. Debt Service

         a. Mortgage Interest:                                               17a                                                                   0%       0       NO

         b. Mortgage Principal:                                              17b                                                                   0%       0       NO

         c. Trustee Bond Fees:                                                17c                                                                  0%       0       NO

                      Total Debt Service:                                                         0                  0               0
                 Total Escrow                                                                     0                  0               0
                 Funding & Debt
         Other Expenditures

18. Insurance
         a. Employee Health
                                                                             18a                                                                   0%       0       NO
            Benefits:
         b. Worker's                                                         18b                                                                   0%       0       NO
            Compensation:

             rev. 8/07                                                                                                                                            7 of 18
                                                                                      Exhibit C       Development:
BUDGET FORM #450
                                                                                                      MSHDA #:           #N/A            Budget Year
                                                                                                                                                           2008
This form is issued under authority of Act 246 P.A. 1966.
Filing is Required - Failure to comply is in violation of the Regulatory Agreement.
See procedure for Implementing Operating Budgets for completing this form.

                                                                                                       PREVIOUS 12                   Variances of Variances     Variance
                                                                                                                          PROPOSED
                                                                                       2007 BUDGET       MONTH                       Greater than of Greater    Requires
                                                                                                                         2008 BUDGET
                                                                                                        EXPENSES                         20%      than $2,000    Detail
         c. Other:                                                            18c                                                                  0%       0       NO

                             Total Insurance:                                                     0                  0               0

19.        Allowable Distributions:                                             19                                                                 0%       0       NO

20. Capital Expenditures

         a. Land Improvements:                                               20a                                                                   0%       0       NO

         b. Building &                                                       20b                                                                   0%       0       NO
            Components:
         c. Maintenance                                                       20c                                                                  0%       0       NO
            Equipment:
         d. Office Equipment:                                                20d                                                                   0%       0       NO

         e. Furniture & Fixtures:                                            20e                                                                   0%       0       NO

         f. Other:                                                             20f                                                   0             0%       0       NO

                      Total Capital
                                                                                                  0                  0               0                 0    0               NO
                      Expenditures:
                        Total Other
                                                                                                  0                  0               0
                        Expenditures:
21. Excess Income Payment:                                                      21                                                   0             0%       0       NO

22. TOTAL EXPENDITURES:                                                         22                0                  0               0
23. INCOME MINUS
                                                                                23                0                  0               0
    EXPENDITURES:



             rev. 8/07                                                                                                                                            8 of 18
                                                                                      Exhibit C        Development:
BUDGET FORM #450
                                                                                                       MSHDA #:       #N/A          Budget Year
                                                                                                                                                         2008
This form is issued under authority of Act 246 P.A. 1966.
Filing is Required - Failure to comply is in violation of the Regulatory Agreement.
See procedure for Implementing Operating Budgets for completing this form.

                                                                                                        PREVIOUS 12                Variances of Variances     Variance
                                                                                                                        PROPOSED
                                                                                       2007 BUDGET        MONTH                    Greater than of Greater    Requires
                                                                                                                       2008 BUDGET
                                                                                                         EXPENSES                      20%      than $2,000    Detail



CERTIFICATION: (You must sign here)
I, the undersigned, certify that all information contained herein is true and correct to the best of my
knowledge.

Management Company                                                                    By (Signature)                  Title



AM                                                                                    Date                            Supervisor




             rev. 8/07                                                                                                                                          9 of 18
Budget Form #450 template with autofill fields and variance flags




       rev. 8/07                                                    10 of 18
Budget Form #450 template with autofill fields and variance flags




       rev. 8/07                                                    11 of 18
Budget Form #450 template with autofill fields and variance flags




       rev. 8/07                                                    12 of 18
Budget Form #450 template with autofill fields and variance flags




       rev. 8/07                                                    13 of 18
Budget Form #450 template with autofill fields and variance flags




       rev. 8/07                                                    14 of 18
Budget Form #450 template with autofill fields and variance flags




MSHDA Escrow Analysis

       rev. 8/07                                                    15 of 18
Budget Form #450 template with autofill fields and variance flags




   #N/A

   #N/A




       rev. 8/07                                                    16 of 18
Budget Form #450 template with autofill fields and variance flags




       rev. 8/07                                                    17 of 18
Budget Form #450 template with autofill fields and variance flags




       rev. 8/07                                                    18 of 18

								
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