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11-Jan-10 <br />Apartments @ Ramsey Town Center <br />ESTIMATED <br />Income & Expense Summary <br />247 UNITS <br />Per Unit <br />Gross Possible Rent 3,417,774 13,837 <br />Less Vacancy & Concession 205,066 830 <br />Total Rents Collectible 3,212,707 13,007 <br />Total Income 3,212,707 13,007 <br />Expenses <br />Management Fee 160,635 650.35 <br />Administrative & General 31,508 127.56 <br />Payroll 258,642 1,047.13 <br />Maintenance & Repair 24,828 100.52 <br />Utilities 59,115 239.33 <br />Painting & Decorating 58,666 237.51 <br />Contract Services 73,200 296.36 <br />Advertising & Promotion 56,748 229.75 <br />Insurance 48,900 197.98 <br />Real Estate & Other Taxes 296,400 1,200.00 <br />Total Expenses 1,068,642 4,326 <br />Net Operating Income 2,144,065 8,680 <br />RamseyTC.Operating Expense Prelim. Budget.1-11-10rdc Page 1 of 1 <br />