REVENUE: 5001 Shareholders 15,725,700 5022 Special Assessment (NYC $400 Rebate) 418,393 5022 Special Assessment (NYC Abatement) 836,785 5022 Special Assessment (NYS STAR) 502,071 Total SH Maintenance Revenue 17,482,949 5007 Rent Income-GOVO FMA 13,200 5008 Rent Income-RTC 501,600 5009 Rent Income-FDIC 1,791,500 Total Rental Revenue 2,306,300 1740* GOVO Mtg.Notes-Principal only (GL#1130) 176,000 1750 Homestead Notes-Princ. only 50,000 1032 Transfer to Oper from Reserve Acct. 782,950 1032 Transfer to Reserve Acct. (1,238,400) 2830 Sale of FDIC/RTC Apts (net) 1,759,000 5005 Garage Rentals 575,000 5010 NSF Check Service Charge 1,400 5011 Late Payment Fees 40,000 5012 Sublet & Renewals 78,400 5013 Legal Reimbursement 41,700 5014 Maintenance Services Repair 100,000 5015 House Rule Violations 15,000 5016 Management of Rental Units 38,800 5017 Resales/Closings/Screenings 336,000 5018 Sales Comm from R/E Broker 84,375 5019 Rental Fees from R/E Broker 9,600 5020 Laundry Income 115,000 5021 Illegal Sublet Violations 7,500 5023 Reimb Outside Services 191,800 5024 Stock Transfers/Refinance 17,500 5025 Ad. Rev. from R/E Brkr & Newsletter 10,000 5026 Alteration Fees 22,000 5029 Capital Imp Fund Contribution-NewSH 183,000 5031 Interest Income-Commercial Paper 55,000 5032 GOVO Mtg.Notes-Interest only 93,000 5033 Community Room Rental 5,000 5034 Time Warner Subscriber Comm. 55,000 5035 Parking Permits 41,000 5038 NYS Disabled Access Revenue 0 5039 NCB Patronage Dividend 22,500 5040 Other Income 19,992 Non-Maintenance Revenue 3,688,117 TOTAL REVENUE 23,477,366
ADMINISTRATIVE EXPENSES: 6010 Office Salaries 749,000 6015 Temp Staff & Recruiting Exp. 9,000 Total Management Staff 758,000 6040 Legal: Real Estate/Closings 5,000 6041 Engineering/Arch./Code Compliance 40,000 6042 Accounting 36,200 6043 Legal: Corporate Counsel 15,000 6044 Legal: Certiorari 70,000 6045 Legal: Labor Relations 1,000 6046 Legal: J-51 & Processing 0 6047 Legal: Landlord & Tenant 50,000 6048 Architectural Fees (To GL6041) N/A 6049 Legal: DHCR 0 6050 Other Professional Fees 4,000 6051 Settlements & Deductibles 11,500 Total Professional Fees 232,700 6020 Office Expense 55,200 6022 Payroll Service 21,000 6023 Books, Dues, Subscriptions 4,800 6025 Computer Mtce & Supplies 75,000 6030 Printing 40,000 6035 Advertising-Marketing-Internet 4,000 6060 Telephone 40,000 6070 Postage 45,000 6080 Board & Cmtee Related Expenses 35,000 6085 Apartment Sale Expenses (10 units) 49,000 6090 Community Contributions 12,000 6600 Storage & Misc. (GL#6770) 0 6098* Misc. (GL#6099) 0 Total Adminstrative Office 381,000 Total Bad Debt Expense 0 TOTAL ADMINISTRATIVE 1,371,700 MAINTENANCE EXPENSES: Salaries & Wages 6200,5 Supervisors 126,000 6210,30 Porters (includes seasonal) 1,107,500 6220 Handypersons 1,312,500 6250 Maint. Office & P&E Mgr. Salaries 294,900 Total Salaries & Wages 2,840,900 Landscape Expenses 6260 Landscape Supplies 120,000 6261 Pruning & Dead Tree Removal 7,500 6262 Green Thumb Program 45,000 6263 Landscape Contractor 0 6270 Landscape R&M 15,000 Total Landscape 187,500
Vehicle Expenses 6305 Rentals & Leases 0 6310 Repairs & Maintenance 45,000 6315 Parking & Tolls 500 6320 Fuel 55,000 6325 Violations 3,500 6330 Licensing 2,000 Total Vehicles 106,000 Repair Expenses 6400 Boilers 150,000 6405 Electric 129,000 6406 Driveway Repairs 20,000 6407 Doors & Hallways 97,500 6408 Drywells & Flood Control 5,000 6409 Roofs(small repairs),gutters&leaders 7,500 6410 Interior 170,000 6411 Garages 32,000 6412 Exterior R&M (pointing) 72,000 6413 Railings & Fence Repair 45,000 6414 Terrace Repairs 3,000 6415 Plumbing 95,000 6416 Concrete Repairs 0 6417 Stoop Repairs 19,000 6418 Other 5,000 6419 GOVO Rent Reg. Appliances & Repairs 6,300 6420 GOVO RR Painting 32,500 6421 GOVO RR Floor Covering 7,000 6424 GOVO RR Other Repairs 8,000 6430 Storm Door Program 24,000 6083 Recl GOVO renov (6084,5) to B/S#28 (441,000) 6084 GOVO FMA-Renovation (10 units) 392,000 6550 Supplies & Hardware 100,000 6551 Janitorial Supplies 20,000 6555 Lumber/Sheetrock 50,000 6560 Small Tools & Equipment 15,000 6565 Mtce Equip R&M 7,500 6570 Signs 5,000 Total Repairs 1,076,300 Maintenance Office Expenses 6500 Office Expense 7,500 6510 Printing 0 6530 Communication Equipment 10,000 6531 Beeper 0 6540 Uniform Rental 18,000 Total Maintenance Office 35,500 TOTAL MAINTENANCE EXPENSES 4,246,200
OPERATIONS & SECURITY: Heating Expenses 6700 Fuel Oil#2 1,600,000 6710 Gas Heat 1,600,000 Total Heating Expense 3,200,000 6610 Total Security Fee 467,000 Other Operating Expenses: 6620 Security Vehicles & Equipment 0 6720 Gas-cooking 150,000 6730 Electric 525,000 6740 Garbage Removal 57,000 6745 Laundry Room Expense 15,600 6750 Exterminator 35,700 6760,70 Filing Fees & Permits 17,250 Total Other Operating Expenses 800,550 TOTAL OPER. & SECURITY 4,467,550 INSURANCE & PENSION 7100 Employee Benefits 270,000 7102 401(k) Retirement - non union 33,500 7105 Training 10,750 7110 Health Insurance 689,000 7120 Workers Compensation 137,000 7150 General Corporate (incl.gl# 6340) 1,067,000 TOTAL INSURANCE & PENSION 2,207,250 TAXES 7010 Real Estate Taxes 4,972,873 7020 Water & Sewer 1,130,000 7030 Corporate Taxes & Other 90,000 7040 Payroll Tax 323,500 7045 NYS Sales Use Tax 5,500 TOTAL TAXES 6,521,873 INTEREST ON DEBT 7202 NCB Amortized Mtge Costs N/A 7217 Mortgage Interest NCB 05 Refi 2,214,304 7215 Mortgage Interest NCB 1 refinanced 7216 Mortgage Interest NCB 2 refinanced TOTAL INTEREST ON DEBT 2,214,304 TOTAL EXPENSES 21,028,877 Cash Flow Before Capital Expenses 2,448,489
CAPITAL EXPENSES 2628 NCB 05 Refi Principal 1,103,589 2625 NCB#1 Principal refinanced 2626 NCB#2 Principal refinanced Total Debt Principal 1,103,589 1403 Building Equipment 0 1405 Apt. Purchase (incl GL# 1710) 0 1410 Vehicles & Equipment 55,000 1411 Snow Equipment 3,500 1420 Furniture & Fixtures 4,500 1430 Building Foundation Project 23,000 1431 Maint.Locker Area Renovation Proj. 0 1434 Laundry Room Renovation 70,000 1440 Management Office Expansion Proj. 0 1448 Water Main & Valve Repairs 15,000 1450 Asbestos/Lead Paint Removal 100,000 1451 Boiler Improvements 10,000 1452 Brickwork (Brick wall replacement) 75,000 1453 Stoops 75,000 1454 Lighting 2,000 1455 Roofs 200,000 1456 Blacktop/Driveways 225,000 1457 Doors & Frames (To GL#6407) N/A 1458 Concrete - Other 85,000 1459 Ramps & Access 10,000 1467 Concrete - J51 Walkways 0 1460 Playgrounds & Recreation 15,000 1461 Garages 2,000 1462 Windows & Shutters 3,000 1463 Terraces 27,000 1464 Clotheslines 5,000 1465 Drywells 25,000 1466 Dumpster Beautification Projects 0 1470 Radio/Communications (to GL6350) N/A 1475 Office Equipment 8,900 1476 Signs (Reclassed to GL# 6570) N/A 1480 Other Fixed Assets 2,500 1485 Computer 25,000 1493 Boiler Oil Tanks 37,500 1494 Hot Water Heaters & Components 231,000 1501 New Boilers 0 1910 Landscape Equipment 10,000 Total Capital Improvements 1,344,900 TOTAL CAPITAL EXPENSES 2,448,489 TOTAL EXPENDITURES 23,477,366 Cash Flow + / ( - ) Unallocated 0