Condominium Budget

Income:
Condominium Fees		$451,434	$4.58
Add:
Rooftop Rental: 1 Omnipoint Communication		$28,800	$0.29
Rooftop Rental: 2 Metro PCS MA LLC		$28,800	$0.29
Parking Income: long term lease		$953	$0.01

	net sf storage
Storage Income: Bldg 451 G1	880 $4 net sf	$3,520	$0.04
Storage Income: Bldg 203 707	404 $4 net sf	$1,616	$0.02
Storage Income: Bldg 203 708	533 $4 net sf	$2,132	$0.02
Storage Income: Bldg 203 709	356 $4 net sf	$1,424	$0.01
Storage Income: Bldg 203 710	451 $4 net sf	$1,804	$0.02
Storage Income: Vacancy Allowance : 20%		-$2,099	-$0.02
Vending Income: percentage: T.B.D.		$0	$0.00

	Total Other Income:	$66,950	$0.68
	Grand Total Income	$518,384	$5.25

Expenses:
Maintenance Expenses
General Repairs & Maintenance		$50,265	$0.51
Carpet Repairs / Cleaning: Mats		$2,652	$0.03
Locks		$600	$0.01
Windows		$1,800	$0.02
Building & Maintenance Supplies		$2,520	$0.03
Lighting Supplies		$1,000	$0.01
Elevator Repairs & Maintenance: basic contract with incr.		$19,596	$0.20
Elevator Repairs & Maintenance: service calls over		$3,000	$0.03
Elevator (Annual Testing)		$2,000	$0.02
Landscaping & Seasonal Flower Plantings		$16,100	$0.16
Snow Removal and Parking Lot Maintenance		$31,078	$0.32
Building Cleaning: Genearl Common Areas + exterior only		$14,000	$0.14
Janitorial Supplies		$16,084	$0.16
Window Cleaning		$1,200	$0.01
Trash Removal		$13,200	$0.13
Dumpster Permit		$60	$0.00
Pest Control		$1,644	$0.02
Fire Alarm Repairs & Maintenance & Testing		$210	$0.00
Telephone: Life Safety / Elevators / HVAC towers		$1,100	$0.01
Fire Alarm Monitoring Service / Contract		$2,490	$0.03
Water Testing		$5,564	$0.06
Maintenance Salaries: net		$52,000	$0.53
Misc. & Contingencies		$5,615	$0.06
	Total Maintenance:	$243,778	$2.47

Utilities
Electricity	exterior lightning and sheds	$9,168	$0.09
Electricity	Common Areas	$94,375	$0.96
Electricity	AC	$80,960	$0.82
Electricity	Heating: 203 Turnpike	$16,090	$0.16
less: recovery net of costs	sub-metering program	-$101,200	-$1.03
	net: of recovery: (common areas)	$99,393	$1.01
Water & Sewer		$42,827	$0.43

	Total Utilities:	$142,220	$1.44

Administrative
Accounting: ownership entity		$4,000	$0.04
Management fees: flat		$32,000	$0.32
Telephone + DSL + postage + office expenses		$7,300	$0.07
Income Taxes on Total Other Income (35% rate)		$23,432	$0.24
Misc. & Contingencies		$509	$0.01
	Total Administrative:	$67,241	$0.68

	Grand Total Expenses:	$493,719	$5.00

	Net Operating Income:	$24,664	$0.25

less;
Capital Reserve for Replacement ($0.25 per sf)		$24,664	$0.25
Net from Condominium Operations		$0	$0.00

Income: