Your Federal Quarterly Tax Payments are due April 15th Get Help Now >>

Room Renting Contract by suc14712

VIEWS: 15 PAGES: 7

Room Renting Contract document sample

More Info
									                                                          Public Housing Operating Cost Study
                                                          Field Testing, Operating Budget (HUD-92410 accounts)


Property Information                                                        Property Information (cont)                                             Unit Mix

Property Name:                      Adam Stephens Homes                     PHA Name:                            Martinsburg Housing Authority      No. of 0-BRs     0
                                                                                                                 Gladys M. Burcker, Executive
Street Address:                     500 Wilson Street                       PHA Contact & Phone:                 Director, 304-263-8891             No. of 1-BRs    14

City/Town:                          Martinsburg                             Budgeted for Calender Year:          2002                               No. of 2-BRs    20
                                                                            Date of Last Major Rehab or
State:                              WV                                      Modernization:                                                          No. of 3-BRs    13
                                                                            Total Dollor Amount Spent on Last
ZIP:                                25401                                   Major Rehab or Modernization:                                           No. of 4-BRs     0
Scattered-Site Development:                                                 Total Building(s) Gross Square
(Yes/No)                            No                                      Footage:
                                                                            Total Building(s) Living Area                                           No. of 5-BRs     0
                                                                            Square
Building Type:                      Row houses                              Footage:

Number of Units by Building Type:   47

Total Number of Units:              47

Number of Elderly/Disabled Units:   0                                       Special Physical Design and
                                                                                                                 Community building with laundry room; playground
                                                                            Amenities:
Number of Non-Residential Units:    0

Construction Age:                   1941

Property Acreage:

No. of Parking Spaces:              0
                                                                            Other Notes/ Comments:

No. of Residential Buildings:       8

No. Non-Residential Buildings:      1




                                                                     Martinsburg- Adam Stephens
                                             Administrative Expenses
                                                Office Salaries (6310)
          Position Title             Number of Employees Full- or Part-Time Low Annual Salary High Annual Salary
Site Manager                                            1 Part-time: 24 hours/week                  $20,500.00




       Total Office Salaries
                                       Operating and Maintenance Expenses
                                        Janitor and Cleaning Payroll (6510)
          Position Title             Number of Employees Full- or Part-Time Low Annual Salary High Annual Salary




Total Janitor and Cleaning Payroll
                                               Grounds Payroll (6535)
         Position Title              Number of Employees Full- or Part-Time Low Annual Salary High Annual Salary
Groundskeeper                                          1 Part Time: 8 hrs/wk                  $10/hr for 30 weeks




      Total Grounds Payroll
                                               Repairs Payroll (6540)
         Position Title              Number of Employees Full- or Part-Time Low Annual Salary High Annual Salary
Maintenance                                            1 Part time: 30 hours/week             $12.50/hour




      Total Repairs Payroll
                                        Decorating Payroll/Contract (6560)
          Position Title             Number of Employees Full- or Part-Time Low Annual Salary High Annual Salary




Total Decorating Payroll/Contract



                                         Martinsburg- Adam Stephens
Administrative Expenses: January 1 - December 31, 2002

  #   Expense                                     Annual          PUM                                          Narrative
                                                                         40% annual turnover rate (16 - 17 units/year); small waiting list; regular, ongoing
6210 Advertising                                           2400     4.26 advertising required

6250 Other Renting Expenses                                2250     3.99 90 Criminal and credit checks @ $25 each;

6310 Office Salaries                                                0.00 See Manager/Superintendent Salaries below

6311 Office Supplies                                       3055     5.42 $65/unit per year for postage, stationery, copier rental

6312 Office or Model Apartment Rent                                 0.00
                                                                         Revenue based on 5% of 97% of collected FMR rents of 14 1-BRs @ $494, 20 2-
6320 Management                                     16,281.00      28.87 BRs @ $581 and 13 3-BRs @$726

6330 Manager/Superintendent Salaries                20,500.00      36.35 One manager, 24 hours/week at $16.43/hour (annual rate of $34,166)

6331 Manager/Superintendent Rent-Free Unit                          0.00

6340 Legal Expenses (Project)                               550     0.98 10 non-payment evictions annually at average court costs of $55 each

6350 Auditing Expenses (Project)                           5000     8.87 Annual audit

6351 Bookkeeping Fees/Accounting Services            2,256.00       4.00 Typical HUD-approved accounting fee rate. Can run to $6.00 PUM

6360 Telephone and Answering Services                      3900     6.91 Basic phone $200/month; Answering service @ $75/month; internet @ $50/month
                                                                         High turnover based on non-payment evictions. Budgeted at 0.8% of projected
6370 Bad Debts                                             3000     5.32 revenue.
                                                                         $300/mo for third party resident services programming; $30/month for travel;
6390 Miscellaneous Admin Expenses (Specify)          4,260.00       7.55 $25/month other

      Total Administrative Expenses (6210-6390)    63,452.00      112.50




                                                             Martinsburg- Adam Stephens
Operating and Maintenance Expenses: January 1 - December 31, 2002

 #    Expense                                                Annual          PUM                                             Narrative

6510 Janitor and Cleaning Payroll                                               0.00

6515 Janitor and Cleaning Supplies                                     564      1.00 routine cleaning supplies for community room, office, graffitti remover,

6517 Janitor and Cleaning Contract                                              0.00

6519 Exterminating Payroll/Contract                                   2256      4.00 preventive extermination quarterly

6520 Exterminating Supplies                                                     0.00
                                                                                     City collects trash. Residents have individual trash barrels. Nominal fee for
6525 Garbage and Trash Removal                                         750      1.33 occasional/seasonal pickups.
                                                                                     Based on current spending of $9.17 PUM with PHDEP funds used to hire off duty
6530 Security Payroll/Contract                                        5172      9.17 police who patrol all the PHAs properties (327 units).
                                                                                     1 part time groundskeeper: 30 weeks x 8 hours/week x $10.00/hr (this is rate quoted by
6535 Grounds Payroll                                                  2400      4.26 housing authority)

6536 Grounds Supplies                                                 2256      4.00 Annuals, equipment, shrub/tree replacement, playground sand, hoses

6537 Grounds Contract                                                           0.00

6540 Repairs Payroll                                            19,500.00      34.57 a part-time maintenance superintendent: 52 weeks x 30 hours x $12.50/hr

6541 Repairs Material                                                 9400     16.67 $200/unit/year

6542 Repairs Contract                                                 5640     10.00

6545 Elevator Maintenance Contract                                              0.00
                                                                                     Units have independent gas space heaters that have been retrofitted with covers to
6546 Heating/Cooling Repairs & Maint.                                 4000      7.09 prevent placing items on them which can catch fire.

6547 Swimming Pool Maint. & Contract                                            0.00

6548 Snow Removal                                                     2000      3.55

6560 Decorating Payroll/Contract                                      9600     17.02 contract unit cleaning/painting of 16 turnovers annually @ $600 each

6561 Decorating Supplies                                              1500      2.66

6570 Vechile and Maintenance Equipment Operation & Repairs             500      0.89 maintenance and supplies for lawnmower, weedwhacker, snowblower

6590 Misc. Operating and Maint. Expenses                                        0.00

      Total Operating and Maint. Expenses (6510-6590)          65,538.00      116.20




                                                                      Martinsburg- Adam Stephens
Taxes and Insurance: January 1 - December 31, 2002


 #    Tax or Insurance                            Annual      PUM                                                Narrative


6711 Payroll Taxes                                    3668      6.50 7.65% of wages: $42,400 x.0765 = $3667.60


6719 Misc. Taxes, Licenses, Permits                             0.00


6720 Property & Liability Insurance (Hazard)       8,770.00    15.55 Based on PHA's 6/30/2003 budget


6721 Fidelity Bond Insurance                                    0.00 in the management fee


6722 Workmen's Compensation                           1930      3.42 $8.00/$100 for maintenance; $ 0.50/$100 for admininistrative

                                                                     3.00% of total wages for unemployment (1,287); $330/mo per full time employee for health
6723 Health Insurance & Other Employee Benefits       6633     11.76 insurance (prorated here part-time manager and superintendent)


6729 Other Insurance (specify)                                  0.00


      Total Taxes and Insurance (6711-6729)          21001     37.24


           Total Operating Expenses                 149991    265.94




                                                               Martinsburg- Adam Stephens
     Adams Stephens Homes
         Martinsburg, WV




         Typical Front Façade




             Playground




Martinsburg- Adam Stephens
                    Adam Stephens Homes
                       Martinsburg, WV




Typical Bath                              Typical Kitchen Cabinets




                      Laundry Room




               Martinsburg- Adam Stephens

								
To top