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10.05 2021 Budget Review
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01-05-2021 City Council Meeting
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10.05 2021 Budget Review
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12/31/2020 12:20:43 PM
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2021 West Grove Cash Flow Projection <br /> Revenues Ac�ount�!16I346000,Section 4.15 <br /> ReniRevenue <br /> Rentaf Revenue 71�pqp <br /> Rental Vacancies Gross rent poterrtial <br /> -��� Calcutated 109�6 poteMial vapncy rate <br /> Net Rent Revenue __��� <br /> Total p►clected Mnual Revenue 63.936. <br /> Operating Expenses <br /> Administrative Expenses <br /> Admini;trafiive Expenses 7.500 Office staff time,heahh insurance <br /> �►�untiri�:Eees 2.�0 Morrthty fee accour�tant a�audit costs <br /> Cre�it Reports 150 $35/report <br /> (�C2�t��5 � <br /> Tota!Administrativ�fxpens�s ?� <br /> 9,�50 <br /> Utilitles <br /> E��« 2� Estimate for vacant units utilfties <br /> Gas 4pp Estimate for vacaM units utilittes <br /> Sewer&Water 200 Estirnate for vacant units utilities <br /> Refuse Removal 1� <br /> Totat Utilities �� <br /> MairnenancR&Repa�rs <br /> Meintenance L.ebpr 4,p� Mairit staff time(repai�s,tawn pre,snow remavaq <br /> Maintenance Suppl�s 2,ppp <br /> ��t�� 2�� Exterminating,FertiUzer,weed controN(in contracts) <br /> General ftepairs 1,OOp As needed outside corrtracLor tabor repairs <br /> Totaf Repairs&Maintenance -- g�� <br /> Taxes&lr�surance <br /> R��ES��T��P�LO� 3,500 EsUmate for 2021 <br /> Property Insurance 4,000 Estimate for Z021 <br /> Total Tax�&Insurance 7.S00 <br /> Tota1 Operating Expenses Before Debt <br /> 28•85� <br /> Net Operating Income 35,086 <br /> Annual Debt Service 55,�Q Princl al <br /> p payable Fr 2021 <br /> T�����ry� —2— �•_ 820 tnterest payable fY 2021 <br /> 8Q,820 <br /> x 1059G 84.861 <br /> Net Inoome Ilfter Debt Service Payments (49,775) <br /> Levy Reve�ue 4_ 9,_ 775 tevy needect m remain in compfia�ce(105Y6 of P&Ij <br /> Net Incame Including Necessary Levy 0 <br />
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