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KOTTINGER GARDENS PHASE I PAGE 4 <br /> BASE YEAR(2016)INCOME/OPERATING EXPENSE STATEMENT <br /> LP ADMISSION Revised: 9-Mar-16 <br /> INCOME: <br /> Scheduled Gross Income-Residential 1,192,330 <br /> Scheduled Gross Income-Commercial(Master Lease) 0 <br /> Coat of Care PBRA(Incremental Income) 336,115 <br /> Misc.Income(Fin'I/Misc) 0 <br /> Misc.Income(laundry) 15,720 <br /> MHSA Operating Subsidy 0 <br /> Vacancy Loss-Residential 5.000% (60,402) <br /> Vacancy Loss-PBRA 5.000% (16,806) <br /> Vacancy Loss-Commercial 0.0% 0 <br /> EFFECTIVE GROSS INCOME 1,466,957 <br /> EXPENSES-RESIDENTIAL <br /> Administrative <br /> Advertising 1,200 <br /> Legal 1,200 <br /> Accounting/Audit 24,426 <br /> Security 0 <br /> Mi•u. Amin 51309 <br /> Total Ad indntlw 78,135 <br /> Management Fee 94,320 <br /> Ut/UNm <br /> Fuel 0 <br /> Electricity 50,400 <br /> Gas 5,304 <br /> Q <br /> TotelllWtles 55,704 <br /> Water/Sete 91,600 <br /> Payroll/Payroll Taxes <br /> On-Site Manager/Office Salaries 105,564 <br /> Maintenance Payroll 80,363 <br /> Manager/Main Unit Expense/(Credit) 0 <br /> Payroll Taxes/Benefits 75 335 <br /> TotalPayrol/Payroll Taxes 261,262 <br /> Mumma 57,951 <br /> Reel Estate Tams 9,000 <br /> Maintenance <br /> Painting 2,400 <br /> Repairs 42,004 <br /> Trash Removal 38,000 <br /> Exterminating 3,900 <br /> Grounds 21,600 <br /> Elevator 3,420 <br /> 0 <br /> Total Matirtmrne 111,324 <br /> Replacement Resew 58,950 <br /> Other <br /> service Coordinator 117,900 <br /> Misc. Tax/License 504 <br /> 0 <br /> 0 <br /> Total Other 118,404 <br /> TOTAL EXPENSES-RESIDENTIAL 936,650 <br /> PUPA(incl.Reserves) 7,150 <br /> PUPA(w/o res/svc) 5,800 <br /> PUPA(w/o taxes/res/svc) 5,731 <br /> TCAC Minimum(w/o taxes/res/svc) 4,800 <br /> TOTAL E7EENSES-COMMERCIAL 0 <br /> NET AVAILABLE INCOME 530,307 <br /> Less: County Admin Fee 5,700 <br /> ADJUSTED NET AVAILABLE INCOME TOTAL 524.607 <br /> ADJUSTED NET AVAILABLE INCOME NET OF SECT 8 205,297 <br /> Debt Service Coverage Ratio 1.15 <br /> AVAILABLE FOR DEBT SERVI,lifnrnia Hmrting Partnnr<hin rncpnratinn 178,519 <br />