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Fund 425 REVISED 10/30/07
<br />Redevelopment Retail
<br />Building Operations Budget
<br />for Calendar Year 2007
<br /> Proposed
<br /> Revised Original Total
<br /> 2007 2007 Increase % 2006
<br /> Budget Budget (Decrease) Change Actual
<br />Beginning Cash @ 1/1
<br />Cash in City Accounts $68,605 $68,605 0 0.00% $66,291
<br />Accounts Receivable -City Accounts 47,741 47,741 (0) 0.00 % 0
<br />Accounts Receivable -Wayne St. Retail 0 0 0 0.00 % 14,623
<br />Cash with Fiscal Agent 14,463 14,463 job 0.00 % 38,614
<br />Total Cash @ 111 130,809 130,810 (0) 0.00 % 119,528
<br />Revenue (425.0000):
<br />Due from Other Funds 0 0 0 0.00 % 47,741
<br />361-00-00 Interest Income (City Cash) 0 0 0 0.00 % 2 314
<br />Total Revenue on City Cash 0 0 0 0.00 % 50,055
<br />Leighton Retail Revenue (425.1081):
<br />362-00-00 Gross Potential Rent 98,993 115,527 (16,534) -14.31% 104,436
<br />360-00-00 CAM Income 26,164 42,329 (16,165) -38.19% 20,399
<br />Miscellaneous Income 2,719 0 2,719 0.00% 3,183
<br />361-00-00 Interestlncome 0 200 (200) -100.00% 73
<br />Sub-total Revenue 127,877 158,056 (30,180) -19.09% 128,091
<br />Wayne Street Retail Revenue (425.1083):
<br />362-00-00 Gross Potential Rent 17,064 17,064 0 0.00 % 8,795
<br />360-00-00 CAM Income 0 0 0 0.00 % 0
<br />Miscellaneous Income 0 0 0 0.00°/ 0
<br />361-00-00 Interest Income 0 0 0 0.00 % 0
<br />Sub-total Revenue 17,064 17,064 0 0.00% 8,795
<br />TOTAL REVENUE 144,941 175,120 (30,180) -17.23% 186,941
<br />Leighton Retail Space (425.1081.460):
<br />23-99 General Maint. -Materials 3,925 2,090 1,835 87.80 % 4,457
<br />31-05 Appraisals 0 0 0 0.00% 0
<br />31-10 Leasing Commissions 13,133 6,408 6,725 104.95% 11,168
<br />35-01 Electric 1,252 0 1,252 0.00% 3,982
<br />35-02 Gas 445 0 445 0.00 % 0
<br />35-03 Trash Removal 8,371 5,056 3,315 65.57 % 9,025
<br />35-04 Water/Sewer 656 0 656 0.00% 0
<br />36-12 Common Area Maint. -Grounds 20,885 8,633 12,252 141.92 % 14,860
<br />36-13 Supervisor-Labor 5,444 4,800 644 13.42% 7,945
<br />36-14 Repair Contract 0 1,080 (1,080) -100.00% 0
<br />36-16 General Maint. -Labor 26,611 12,200 14,411 118.12 % 18,064
<br />39-02 Mileage 1,118 0 1,118 0.00% 0
<br />39-03 Management Fee 7,983 7,903 80 1.01 % 7,814
<br />39-09 AdminExpenses 2,000 1,920 80 4.17% 4,153
<br />39-89 Misc. Charges (Real Estate Taxes) 17,532 17,531 1 0.01 % 17,531
<br />42.02 Capital -Buildings 4 834 20,000 15 166 -75.83 % 30,546
<br />Sub-Total Expenses 114,189 87,621 26,568 30.32% 129,544
<br />Leighton Plaza (425.1082.460):
<br />22-07 Landscaping Materials 71 1,000 (929) -92.90% 1,170
<br />22-08 Maintenance Supplies 396 900 (504) -56.00% 0
<br />23-99 Grounds Supplies 252 2,150 (1,898) -88.28% 0
<br />36-12 Common Area Maint. -Grounds 34,610 25,226 9,384 37.20 % 20,613
<br />36-16 Landscape Contract 2,667 7,196 (4,529) -62.94% 162
<br />39-01 Management Fee 900 900 0 0.00% 750
<br />39-09 Admin Expenses 1 0 1 0.00% 1
<br />39-64 Property Management 0 0 0 0.00 % 0
<br />Sub-Total Expenses 38,897 37,372 1,525 4.08% 22,698
<br /> 0
<br />Wayne Street Retail (425.1083.460)': 0
<br />39-01 Management Fee 1,650 2,400 (750) -31.25% 1,800
<br />39-04 Lease Commissions 0 0 0 0.00 % 10,333
<br />39-64 Property Management 445 6 000 5( 555) -92.58 % 11.285
<br />Sub-Total Expenses 2,095 8,400 (6,305) -75.06 % 23,418
<br />Reserve Fund 0 20,000 (20,000) -100.00% 0
<br />Total Expenses Retail & Plaza 155,181 153,393 1,788 1.17°/ 175,660
<br />Net Income for Fund 425 (10,241) 21,727 (31,968) -147.13% 11,281
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<br />~cnding Cash @ End of Period $120,569 $152,537 ($31,968) -20.96 % $130,809
<br />F:\DATA\SHARE\ECONDEV\FPM1Budgets\Budget 2007\TIFFUND 425 Revised.xls10/30/2007
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