GLEN OAKS VILLAGE OWNERS, INC BUDGET

Transcription

1 REVENUE: 5001 Shareholders 15,344, Special Assessment (NYC Abatement) 853, Special Assessment (NYS STAR) 503,958 Total SH Maintenance Revenue 16,702, Rent Income-GOVO FMA 12, Rent Income-RTC 518, Rent Income-FDIC 1,773,000 Total Rental Revenue 2,303, * GOVO Mtg.Notes-Principal only (GL#1130) 150, Homestead Notes-Princ. only 70, Transfer to Oper from Reserve Acct. 704, Transfer to Reserve Acct. (660,350) 2830 Sale of FDIC/RTC Apts (net) 1,631, Garage Rentals 943, NSF Check Service Charge 2, Late Payment Fees 43, Sublet & Renewals 107, Legal Reimbursement 25, Maintenance Repair Reimb. 110, House Rule Violations 21, Management of Rental Units 41, Resales/Closings/Screenings 225, Sales Comm from R/E Broker 70, Rental Fees from R/E Broker 9, Laundry Income 30, Illegal Sublet Violations 6, Revenue-Reimb. of Appliances&O/S Serv 67, Stock Transfers/Refinance 2, Ad. Rev. from R/E Brkr & Newsletter 2, Reserve Acct Contrib. Fee-New SH 89, Interest Income-Commercial Paper 15, GOVO Mtg.Notes-Interest only 75, Community Room Rental 3, Time Warner Subscriber Comm. 47, Parking Permits 55, NYS Disabled Access Revenue NCB Patronage Dividend 20, Other Income 11,000 Non-Maintenance Revenue 3,917,577 TOTAL REVENUE 22,923,485

2 ADMINISTRATIVE EXPENSES: 6010 Office Salaries 712, Temp Staff & Recruiting Exp. 12,000 Total Management Staff 724, Legal: Real Estate/Closings 6, Engineering/Arch./Code Compliance 25, Accounting 32, Legal: Corporate Counsel 12, Legal: Certiorari 62, Legal: Labor Relations Legal: J-51 & Processing Legal: Landlord & Tenant 50, Architectural Fees (To GL6041) N/A 6049 Legal: DHCR Other Professional Fees 2, Settlements & Deductibles 11,500 Total Professional Fees 202, Office Expense 57, Payroll Service 14, Books, Dues, Subscriptions 6, Computer Mtce & Supplies 25, Printing 35, Advertising-Marketing-Internet 7, Telephone 35, Postage 31, Board & Cmtee Related Expenses 37, Apartment Sale Expenses (10 units) 49, Community Contributions 13, Storage & Misc. (GL#6770) * Misc. (GL#6098) 0 Total Adminstrative Office 311,500 Total Bad Debt Expense 0 TOTAL ADMINISTRATIVE 1,238,200 MAINTENANCE EXPENSES Salaries & Wages 6200,5 Supervisors 129, Porters (includes seasonal) 1,104, Handypersons 1,293, Maint. Office & P&E Mgr. Salaries 284,500 Total Salaries & Wages 2,812,350 Landscape Expenses 6260 Landscape Supplies 125, Pruning & Dead Tree Removal 10, Green Thumb Program 60, Landscape Contractor Landscape R&M 18,000 Total Landscape 213,000

3 Vehicle Expenses 6305 Rentals & Leases Repairs & Maintenance 28, Parking & Tolls Fuel 45, Violations 10, Licensing 2,000 Total Vehicles 85,600 Repair Expenses 6400 Boilers 225, Electric 75, Doors & Hallways 219, Drywells (Recl to GL# 1465) N/A 6409 Roofs(small repairs),gutters&leaders 55, Interior 135, Garages 20, Exterior R&M (pointing) 45, Railings & Fence Repair 72, Terrace Repairs 5, Plumbing 120, Concrete Repairs Stoop Repairs 12, Other GOVO Rent Reg. Appliances & Repairs 7, GOVO RR Painting 31, GOVO RR Floor Covering 6, GOVO RR Other Repairs 8, Storm Door Program 10, Recl GOVO renov (6084,5) to B/S#2830 (369,000) 6084 GOVO FMA-Renovation (10 units) 320, Supplies & Hardware 60, Janitorial Supplies 12, Lumber/Sheetrock 35, Small Tools & Equipment 15, Mtce Equip R&M 5, Signs 5,000 Total Repairs 1,130,700 Maintenance Office Expenses 6500 Office Expense 9, Printing Communication Equipment 4, Beeper Uniform Rental 17,500 Total Maintenance Office 30,500 TOTAL MAINTENANCE EXPENSES 4,272,150

4 OPERATIONS & SECURITY Heating Expenses 6700 Fuel Oil#2 460, Gas Heat 1,550,000 Total Heating Expense 2,010, Total Security Fee 440,000 Other Operating Expenses: 6620 Security Vehicles & Equipment Gas-cooking 122, Electric 440, Garbage Removal 30, Laundry Room Expense 12, Exterminator 40, ,70 Filing Fees & Permits 15,000 Total Other Operating Expenses 659,500 TOTAL OPER. & SECURITY 3,109,500 INSURANCE & PENSION 7100 Employee Benefits 163, (k) Retirement - non union 33, Training 17, Health Insurance 687, Workers Compensation 100, General Corporate (incl.gl# 6340) 1,367,000 TOTAL INSURANCE & PENSION 2,369,450 TAXES 7010 Real Estate Taxes 4,464, Water & Sewer 1,500, Corporate Taxes & Other 89, Payroll Tax 301, NYS Sales Use Tax 3,800 TOTAL TAXES 6,358,700 INTEREST ON DEBT 7202 NCB Amortized Mtge Costs N/A 7215 Mortgage Interest NCB 1 1,603, Mortgage Interest NCB 2 859,870 TOTAL INTEREST ON DEBT 2,463,727 TOTAL EXPENSES 19,811,727 Cash Flow Before Capital Expenses 3,111,758

5 CAPITAL EXPENSES 2625 NCB#1 Principal 1,346, NCB#2 Principal 217,952 Total Debt Principal 1,564, Building Equipment Apt. Purchase (incl GL# 1710) Vehicles & Equipment 80, Snow Equipment 2, Furniture & Fixtures 1, Building Foundation Project 167, Maint.Locker Area Renovation Proj Management Office Expansion Proj Water Main & Valve Repairs 25, Asbestos/Lead Paint Removal 50, Boiler Improvements 7, Brickwork (Brick wall replacement) 60, Stoops 45, Lighting 5, Roofs 145, Blacktop/Driveways 175, Doors & Frames (To GL#6407) N/A 1458 Concrete - Other 42, Concrete - J51 Walkways 42, Ramps & Access 7, Playgrounds & Recreation 9, Garages 382, Windows & Shutters 5, Terraces 10, Clotheslines 8, Drywells 10, Dumpster Beautification Projects 7, Radio/Communications (to GL6350) Office Equipment 2, Signs (Reclassed to GL# 6570) N/A 1480 Other Fixed Assets 5, Computer 43, Boiler Oil Tanks 11, Hot Water Heaters & Components 154, New Boilers Landscape Equipment 45,000 Total Capital Improvements 1,547,663 TOTAL CAPITAL EXPENSES 3,111,758 TOTAL EXPENDITURES 22,923,485 Balance-zero based budgeting 0 Monthly Maintenance per Share 09/01/81 $ /01/90 $ /01/90 $ /01/94 $ /01/94 $ /01/03 $ /01/05 $ Since 1990, maintenance up an avg of 1.4% per year.