Estimated Budget 1997

Administrative Expenses:

Supplies: $200.00 (Monthly) / $2.400.00 (Annual)

Legal and Accounting: $200.00 (Monthly) / $4,800.00 (Annual)

Professional Management: $1,200 (Monthly) / $13,440.00 (Annual)

Operating Expenses:

Common Facility Electrical: $300.00 (Monthly) / $3.600.00 (Annual)

Water and Sewer: $300.00 (Monthly) / $3,600.00 (Annual)

Property and Liability: $1,250 (Monthly) / $15,000.00 (Annual)

Insurance:

Garbage: $300.00 (Monthly) / $3.600.00 (Annual)

Repairs and Maintenance:

Buildings: $500.00 (Monthly) / $6.000.00 (Annual)

Yard and Landscaping: $1000.00 (Monthly) / $12,000.00 (Annual)

Reserves:

Operating: $560.00 (Monthly) / $6.720.00 (Annual)

Replacement: $1,120.00 (Monthly) / $13,440.00 (Annual)

DSL Lease: 239.00 (monthly) / 2868 (annual)

*Real Estate Taxes: 3,500.00 (monthly) / 42,000.00 (annual)

Total: 10,789.00 (monthly) / 129,468.00 (annual)