|
,nk £ffron -Orno model (1).xls 30% . 3.0% 10% . 3.0% 3.0% 3.0% Page 6
<br /> Income increase 3.0% 3.0%
<br /> Expense increase 4.0% 4.0%
<br /> ORONO SENIOR HOUSING,LLC
<br /> FORECASTED SCHEDULES OF REVENUES AND EXPENSES
<br /> FOR THE TWO MONTHS ENDING DECEMBER 31,2001 AND
<br /> THE YEARS ENDING DECEMBER 31,2002,2003,2004,2005 AND 2006
<br /> 2001 2002 2003 2004 2005 2006
<br /> Changes in net assets,unrestricted:
<br /> Revenue:
<br /> Residential $- $115,668 $783,222 $845,351 $870,711 $896,832
<br /> Parking - 4,453 30,154 32,546 33,522 34,528 3.9%
<br /> TIF - - - - - - 90.0%
<br /> Interest income 9,734 61,429 67,806 66,144 64,463 62,660
<br /> Total revenue 9,734 181,550 881,182 944,041 968,696 994,021
<br /> Net assets released from restrictions
<br /> Satisfaction of restrictions - - - - - -
<br /> Total unrestricted revenues and support 9,734 181,550 881,182 944,041 968,696 994,021
<br /> Expenses:
<br /> Salaries - 3,328 20,767 21,597 21,597 21,597 1,664 19,968
<br /> Contract services - 3,562 22,225 23,114 23,114 23,114 1,781 21,370
<br /> Utilities - 8,947 55,827 58,060 58,060 58,060 4,473 53,680
<br /> Real estate taxes - 18,228 75,828 78,862 82,016 85,297 6,078
<br /> General and administrative - 1,600 9,984 10,383 10,799 11,231 800 9,600
<br /> Insurance - 1,250 7,800 8,112 8,112 8,112 625 7,500
<br /> Professional fees - 417 2,600 2,704 2,704 2,704 208 2,500
<br /> Repairs and maintenance - 1,997 12,461 12,960 12,960 12,960 999 11,982
<br /> Management fee - 4,805 32,535 35,118 36,169 37,254 4.00%
<br /> Letter of credit fee 625 3,750 3,750 3,750 3,750 1.50% 250,000
<br /> Replacement reserve - 1,550 9,300 9,300 9,300 9,300 775
<br /> Interest - 122,638 510,830 504,905 492,096 478,087
<br /> Depreciation - 42,135 252,809 252,809 252,809 252,809
<br /> Amortization - 11,479 68,873 68,873 68,873 68,873
<br /> Total expenses - 222,560 1,085,590 1,090,546 1,082,360 1,073,149
<br /> Increase in net assets,unrestricted 9,734 (41,010) (204,408) (146,505) (113,663) (79,128)
<br /> Net assets,unrestricted-beginning - 9,734 (31,276) (235,684) (382,189) (495,853)
<br /> Net assets,unrestricted-ending $9.734 $(31 276) $(235 684) $(382 189) $(495 853) $(574.981)
<br /> See accompanying summary of significant assumptions and accounting policies and report of independent public accountants.
<br />
|