Chart of Accounts- Mitas Setup

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Chart of Accounts- Mitas Setup Powered By Docstoc
					Description of            Monthly Chart of Accounts                                           Amount
                 Acct #
  Account
INCOME-1100      1105      Rental Revenue
                 1110      Rental Assistance Payments
                 1115      Late Rent Fees
                 1120      Application Fees
                 1125      Additional Tenant Charges
                 1130      Rent Revenue - Stores and Commercial
                 1135      Garage, Parking, and Storage Income
                 1140      Miscellaneous Rent Revenue (see attachment)
                 1145      Miscellaneous Rent Revenue
                 1150      Miscellaneous Rent Revenue
                 1100T     Total Rent Revenue Potential at 100% Occupancy
 Vacancies        1205     Apartments
   1200           1210     Stores and Commercial
                  1215     Rental Concessions
                  1220     Vacancies - Rents Loss to Lease
                  1225     Garage and Parking Spaces
                  1230     Miscellaneous (see attachment)
                 1200T     Total Vacancies
                           Net Rental Revenue (Rent Revenue less Vacancies)
  Financial      1305      Financial Revenue - Project Operations
Revenue 1300     1310      Revenue from Investments - Residual Receipts
                 1315      Revenue from Investments - Replacement Reserve
                 1320      Replacement Reserve Transferred In
                 1325      Revenue from Investments - Misc.
                 1300T     Total Financial Revenue
   Other          1405     Laundry and Vending Revenue
Revenue 1400      1410     Utility Revenue or Reimbursement
                  1415     Security Deposit Reversed/ Paid Out
                  1420     Miscellaneous Revenue
                  1425     Miscellaneous Revenue
                  1430     Miscellaneous Revenue
                 1400T     Total Other Revenue
                          Total Revenue
   Admin.        1505      Mananger/Asst Manager Salaries (benefits and taxes not included)
 Expenses        1510      Management Incentives/Bonuses
 1500 -1700      1515      Administrative Rent Free Unit
                 1520      Office or Model Apartment Rent
                 1525      Leased Furniture
                 1530      Management Fees
                 1535      Advertising and Marketing
                 1540      Application Fees - Expense
                 1545      Conventions, Meetings, Training, and Travel Expenses
                 1550      Office Supplies/Expenses (see attachment)
                 1555      Accounting Services
                 1560    Legal Expenses - Project
                 1565    Audit/Bookkeeping Expenses
                 1570    Bad Debts
                 1575    Petty Cash
                 1580    Compliance Fees
                 1585    Misc. Administrative Expenses
                 1590    Misc. Administrative Expenses
                 1595    Misc. Administrative Expenses
                 1500T   Total Administrative Expenses
Utilities 2100    2105   Electricity
                  2110   Water
                  2115   Gas
                  2120   Sewer
                  2125   Cell Phones/ Pagers
                  2130   Garbage and Trash Removal
                  2135   Cable TV / Internet Access
                 2100T   Total Utilities Expense
Operating &       3105   Maintenance Salaries (benefits and taxes not included)
Maintenance       3110   Maintenance Rent Free Unit
 Expenses         3115   Security Payroll / Contract
 3100-3300               Security Rent Free Unit
                  3120
                  3125   Maintenance Supplies
                  3130   Maintenance Tools and Equipment
                  3135   Floor Replacements (Carpet, Tile, Etc.)
                  3140   HVAC Equipment
                  3145   Heating / Cooling Repairs and Maintenance
                  3150   Plumbing
                  3155   Appliance Replacement
                  3160   Electrical
                  3165   Painting Supplies
                  3170   Cleaning Supplies
                  3175   Carpet Cleaning
                  3180   Janitor/Cleaning Contract
                  3185   Extermination/Pest Control
                  3190   Snow Removal
                  3195   Landscaping
                  3200   Pool Supplies and Pool Maintenance/Contracts
                  3205   Elevator Maintenance/Contracts
                  3210   Misc. Operating & Maintenance Exp.
                  3215   Misc. Operating & Maintenance Exp.
                  3220   Misc. Operating & Maintenance Exp.
                 3100T   Total Operating & Maintenance Expenses
 Taxes and        4105   Real Estate Taxes
 Insurance        4110   Payroll Taxes
    4100          4115   Property and Liability Insurance (Hazard)
                  4120   Fidelity Bond Insurance
Taxes and
Insurance
   4100


            4125     Workmen's Compensation
            4130     Health Insurance & Other Employee Benefits
            4135     Misc. Taxes, Licenses, Permits & Ins.
            4100T    Total Taxes and Insurance
Financial    5105    Interest on Mortgage Payable
Expenses     5110    Interest on Notes Payable (Long-Term) *
  5100       5115    Interest on Notes Payable (Short-Term) *
             5120    Mortgage Insurance Premium / Service Charge
             5125    Miscellaneous Financial Expenses (see attachment)
            5100T    Total Financial Expenses
                    Total Cost of Operations
                     Principal Payments Required
                     Reserve for Replacement Deposits Required
                     Total Cash Requirements
                     Less Total Revenue
                    Net Cash Surplus (Deficiency)
                    Debt Coverage Ratio