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PROJECT OPERATING BUDGET
Form to be used only for new construction or redevelopment rental proposals (including assisted living)
Median Income # of Units Sq. Ft. Monthly Rent Total Rent
0 Bdrm Management Fee
0 Bdrm On-site Personnel Payroll
1 Bdrm Health Ins. & Benefits
1 Bdrm Legal and Accounting
1 Bdrm Advertising
2 Bdrm Office Supplies
2 Bdrm Telephone
2 Bdrm Audit
3 Bdrm Other
3 Bdrm Total Administrative Expenses
3 Bdrm
4 Bdrm Utilities (Owner paid)
4 Bdrm Trash Removal
4 Bdrm Fire & Liability Insurance
Other
Total Operating Expenses
Maintenance
Repairs
Groundskeeping (include snow removal)
Reserve Funds
Other
Total Maintenance
Real Estate Taxes
Operating Reserve
Replacement Reserve
TOTAL ANNUAL EXPENSES
NET OPERATING INCOME
CASH FLOW (Net Operating Income -
Total Annual Debt Services)
P.U.P.A. Expenses*Total Annual Debt Service
ANNUAL DEBT SERVICE
Total Income
Less Vacancy
Annual Effective Gross Income
1st Mortgage
(Vacancy Rate: 7%)
2nd Mortgage
Other Debt Service (specify)
EXPENSES
Parking Income
INCOME
Administrative Expenses
Maintenance
Operating Expenses
Total Rent Income
Laundry Income
Other Income:
Other Income:
Other Income:
Other Income:
*P.U.P.A. = Per Unit Per Annum Expenses