| 350 Bleecker Street | |||||||
| Operating Results as of 3/30/00 | |||||||
| Month of March | Three Months (Jan-Mar) | ||||||
| Act O/(U) | Act O/(U) | ||||||
| Actual | Budget | Budget | Actual | Budget | Budget | ||
| INCOME | |||||||
| 7,167 | 7,167 | 0 | Commercial Rent | 14,333 | 21,500 | (7,167) | |
| - | 1,667 | (1,667) | Additional Commercial Rent | - | 5,000 | (5,000) | |
| - | 1,083 | (1,083) | Laundry Income | 80 | 3,250 | (3,170) | |
| 25 | 417 | (391) | Interest Income | 107 | 1,250 | (1,143) | |
| 1,177 | - | Dividend Income | - | ||||
| - | 108 | (108) | National Co-op Bank Dividend | 2,287 | 325 | 1,962 | |
| - | 2,083 | (2,083) | 2% Transfer Fees | 14,800 | 6,250 | 8,550 | |
| 458 | 208 | 249 | Sublet Fees | 458 | 625 | (168) | |
| 100 | 17 | 83 | Late Fees @ $50 | 100 | 50 | 50 | |
| - | - | - | Bike Room Fees | - | 1,400 | (1,400) | |
| 8,400 | - | Storage Locker Fees | 8,400 | - | 8,400 | ||
| - | 9,128 | (9,128) | Assessment (53 cents x 17,222) | - | 27,383 | (27,383) | |
| 71,909 | 80,082 | (8,173) | Maintenance Fees ($4.65) | 211,059 | 240,247 | (29,188) | |
| 89,236 | 101,960 | (22,301) | Total Income | 251,623 | 307,280 | (55,656) | |
| EXPENSES | |||||||
| - | - | - | Real Estate Tax | - | - | - | |
| 236 | 167 | 69 | NYS Franchise Tax | 236 | 500 | (264) | |
| 274 | 167 | 107 | NY Corporate Tax | 274 | 500 | (226) | |
| - | 333 | (333) | Loan Interest (6% to AM+G) | - | 999 | (999) | |
| 22,211 | 24,403 | (2,192) | Mortgage Interest + Principal | 44,436 | 73,209 | (28,773) | |
| 22,721 | 25,069 | (2,348) | Total Taxes + Interest | 44,946 | 75,208 | (30,262) | |
| - | 292 | (292) | Gas for Cooking | 590 | 875 | (285) | |
| 1,316 | 1,500 | (184) | Electricity | 8,711 | 4,500 | 4,211 | |
| - | - | - | Gas for Hot Water (Summer) | - | - | - | |
| 5,329 | 3,500 | 1,829 | Gas for Steam Heat | 5,329 | 10,500 | (5,171) | |
| - | 50 | (50) | Cable TV | 118 | 150 | (32) | |
| - | 1,667 | (1,667) | Water + Sewer | 5,572 | 5,000 | 572 | |
| 6,646 | 7,008 | (363) | Total Utilities | 20,320 | 21,025 | (705) | |
| 21,805 | 2,917 | 18,888 | Insurance | 24,490 | 8,750 | 15,740 | |
| 4,083 | 4,125 | (42) | Management Fees (Ken Newman) | 12,250 | 12,375 | (125) | |
| - | 2,083 | (2,083) | Legal (excluding certiorari) | 3,833 | 6,250 | (2,418) | |
| 4,653 | 667 | 3,987 | Accounting | 5,820 | 2,000 | 3,820 | |
| 74 | 83 | (9) | Phone | 211 | 250 | (39) | |
| 258 | 200 | 58 | Postage & Stationery | 351 | 600 | (249) | |
| 324 | 100 | 224 | Printing | 1,268 | 300 | 968 | |
| - | 83 | (83) | Licenses, permits, violations | 1,293 | 250 | 1,043 | |
| - | 667 | (667) | Office expenses | 610 | 2,000 | (1,390) | |
| 51 | 54 | (4) | Bank Charges | 152 | 163 | (10) | |
| - | 83 | (83) | Dues & Subscriptions | - | 250 | (250) | |
| 25 | 25 | (0) | Internet Site | 75 | 75 | (0) | |
| - | - | - | Miscellaneous | 52 | - | 52 | |
| - | 83 | (83) | Security System | - | 250 | (250) | |
| 31,273 | 11,171 | 20,103 | Total Administrative | 50,405 | 33,513 | 16,892 | |
| 11,968 | 13,750 | (1,782) | Payroll | 35,400 | 41,250 | (5,850) | |
| - | 1,083 | (1,083) | FICA Taxes | 102 | 3,250 | (3,148) | |
| 3,839 | 1,417 | 2,423 | Medical | 6,598 | 4,250 | 2,348 | |
| 15,808 | 16,250 | (442) | Total Labor | 42,100 | 48,750 | (6,650) | |
| 118 | 1,000 | (882) | Boiler, Plumbing, A/C | 4,871 | 3,000 | 1,871 | |
| - | 208 | (208) | Architect and Engineer | 1,115 | 625 | 490 | |
| - | 833 | (833) | Janitorial Supplies | 659 | 2,500 | (1,841) | |
| 366 | - | 366 | Building Supplies | 2,385 | - | 2,385 | |
| - | 883 | (883) | Elevator | 2,178 | 2,650 | (472) | |
| - | 208 | (208) | Electrician | - | 625 | (625) | |
| - | 667 | (667) | Windows | 910 | 2,000 | (1,090) | |
| - | 100 | (100) | Intercom + Doors | - | 300 | (300) | |
| - | - | - | Landscaping | - | - | - | |
| 379 | 383 | (4) | Exterminator | 758 | 1,150 | (392) | |
| - | 83 | (83) | Exercise Room | - | 250 | (250) | |
| 188 | - | 188 | Repairs/Maintenance/Other | 196 | - | 196 | |
| - | 83 | (83) | Painting, Carpet | - | 250 | (250) | |
| 1,051 | 4,450 | (3,399) | Total Maintenance / Repairs | 13,072 | 13,350 | (278) | |
| - | 1,250 | (1,250) | Contingency Fund | - | 3,750 | (3,750) | |
| Construction / Capital | |||||||
| - | 35,000 | (35,000) | AM+G (Formerly M+G) | 70,072 | 105,000 | (34,928) | |
| - | 1,667 | (1,667) | AM+G Contingency | - | 5,000 | (5,000) | |
| - | - | - | Planter Landscaping | - | - | - | |
| - | - | - | Painting Zolotone | - | - | - | |
| - | 500 | (500) | Engineering | - | 1,500 | (1,500) | |
| - | - | - | Exercise Equipment | - | - | - | |
| - | 37,167 | (37,167) | Total Construction/Capital | 70,072 | 111,500 | (41,428) | |
| 77,499 | 102,365 | (24,866) | Total Expense: | 240,915 | 307,095 | (66,180) | |
| ( Including Contingency) | |||||||
| $ 11,737 | $ (405) | $ 2,565 | Income Less Expense | $ 10,708 | $ 185 | $ 10,524 | |
| Cash Reserve | $308,267 | ||||||