2001-01-10 CC - Laserfiche WebLink

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CHAUNCEY BARETT GARDENS 2001 BUDGET NOTES Assessments - $2,430 with half due in April, and half in October Salaries $692 Per current staffing costs Office: Reflected under Apartment Concessions Payroll taxes - 9.65% based on FICA, SUI, etc. Employee Benefits - Worker's Comp and health insurance Professional Fees $9,960 Management Fee - $325 plus 1.5% effective revenue BRA management fee based on proforma. Accounting and Legal - Extraordinary expenses only Contract Services $8,185 Rubbish Removal -- $60 per month per historical costs Snow Removal -- Amortized for winter months LandscapinglLawn Service--Amortized for summer months Other service Contracts/Cable -- MontWy cable for the community room, montWy alarm monitoring and annual inspections Utility Expense $ 14,475 Electricity - House - Heating the entries in the winter, cooling the halls during the summer, all exterior lighting and internal common area lighting. Electricity - Vacants - Cost of electricity in vacant units. Gas - Fuel to heat building and domestic hot water Water and Sewer - Service to the entire building Repairs and Maintenance HV AC Repair --$50/month Appliance Repair -- $25/month Building supplies ~- Purchase of light bulbs, cleaning supplies, etc. Painting -- Interior and exterior painting, includes turnovers, common area touch-ups. General Repair and Maintenance - Building repairs and preventative maintenance Equipment Expenses - Purchase of tools and equipment Key and Lock Repair - Changing of locks, key duplication and lock repairs. Garage Maintenance - repairs and preventative maintenance on the garage door. Total Operating Expenditure Net Operating Income Total Expense Net Income Chauncey Barett Gardens Apartments 2001 Budget Notes Prepared be Mary Beth Davis $2)40 $48,274 $89,341 $134,734 $2,881 July 1,2000