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2006-2007 Ballpark Budget FINAL t 4 r � THE BALLPARK 5 2006-2007 OPERATING 9 INVESTMENT e MANAGEMENT • DEVELOPMENT 1800 Bering Drive m Suite320m Houston TX 77057 P713-782-5800m F713-268-5111 www.assetcampus.com The Ballpark @ Austin Units 282 scat Year Ending August 31,2007 Beds 768 wperating Budget Prepared 6120105 Budget Reforecast Budget Year Ending Per Per Year Ending Difference Year Ending 2006 813112007 Unit Bed 8/31/2006 +/. RENTAL INCOME $ 3,643,344 $ 12,920 $ 4,744 $ 3,552,984 $ 90,360 2.5% $ 3,552,984 Accelerated Rent $ - $ - $ - $ - $ - #DIV/O! Short Term Rent Premium $ 27,000 $ 96 $ 35 $ 51,000 $ (24,000) -47.1% $ 51,750 Less: Vacancy $ (127,517) $ (452) $ (166) $ (188,000) $ 60,483 -32.2% $ (144,294) Concessions $ (210,400) $ (746) $ (274) $ (255,000) $ 44,600 -17.5% $ (210,000) Other Losses(LTOL): $ (34,440) $ (122) $ (45) $ (85,000) $ 50,560 -59.5% $ (45,000) Other Concess-Scholorship $ - $ - $ - $ $ - #DIV/O! Write-offs Rental Income $ (36,000) $ (128) $ (47) $ (36,000) $ - 0.0% $ (36,000) Non-Resident/Emp. Rnt. Disc. Units $ (54,144) $ (192) $ (71) $ 60,369) $ 6,225 -10.3% $ (64,032) NET RENTAL INCOME $ 3,207,843 $ 11,375 $ 4,177 $ 2,979,615 $ 228,228 7.7% $ 3,105,408 Other Income $ 90,060 $ 319 $ 117 $ 92,964 $ (2,904) -3.1% $ 78,600 TOTAL INCOME $ 3,297,903 $ 11,695 $ 4,294 $ 3,072,579 $ 225,324 -7.3% $ 3,184,008 EXPENSES Total Personnel Expense $ 318,344 $ 1,129 $ 415 $ 315,050 $ 3,294 1.0% $ 312,125 Total Utilities $ 486,945 $ 1,727 $ 634 $ 446,447 $ 40,498 9.1% $ 421,425 Total Administration Expense $ 61,180 $ 217 $ 80 $ 60,670 $ 510 0.8% $ 59,635 Total Contract Services $ 49,980 $ 177 $ 65 $ 49,380 $ 600 1.2% $ 49,380 Total Interior Maintenance $ 13,080 $ 46 $ 17 $ 15,950 $ (2,870) -18.0% $ 15,950 Total Exterior Maintenance $ 14,700 $ 52 $ 19 $ 14,110 $ 590 42% $ 20,790 Total Turnover Expense $ 103,200 $ 366 $ 134 $ 98,130 $ 5,070 5.2% $ 98,130 Total Advertising& Promotions $ 98,850 $ 351 $ 129 $ 88,650 $ 10,200 11.5% $ 79,050 Total Legal Fees $ 2,400 $ 9 $ 3 $ 2,400 $ - 0.0% $ 2,400 Total Professional Fees $ 9,500 $ 34 $ 12 $ 15,000 $ (5,500) -36.7% $ 15,000 Total Travel and Entertainment $ - $ - $ - $ - $ - #DIV/O! Total Management Fee $ 131,916 $ 468 $ 172 $ 124,000 $ 7,916 6.4% $ 123,723 Total Insurance and Taxes $ 98,700 $ 350 $ 129 $ 96,000 $ 2,700 2.8% $ 88,227 Total Dues and Membership Fees $ - $ - $ - $ - $ - #DIV/O! $ 900 Total Depreciation and Amoritization $ - $ - $ - $ - $ - #DIV/O! $ - Total Interest Expense $ - $ - $ - $ - $ - #DIV/O! $ Start-up Costs $ - $ - $ - $ - $ - #DIV/O! $ TOTAL EXPENSES $ 1,388,795 $ 4,925 $ 1,808 $ 1,325,787 $ 63,008 4.8% $ 1,286,735 NO[before Capital Improvements and Debt Service $ 1,909,108 $ 6,770 $ 2,486 $ 1,746,792 $ 162,316 9.3% $ 1,897,273 CAPITAL EXPENSES $ 134,600 $ 477 $ 175 $ 70,500 $ 64,100 90.9% $ 214,890 OTHER EXPENSES $ 36,528 130 $ 48 $ 36,528 $ - 0.0% $ 46,528 NET CASH FLOW $ 1,737,980 1 $ 6,163 $ ==2,,263 $ 1,639,764 $ 98,216 6.0%, $ 1,635,855 Au s t i n , T X 5 / 2 4 / 2 0 0 6 28 2 U n i t s 7 6 8 B e d s Se p - 0 6 O c t - 0 6 N o v - 0 6 D e c - 0 6 J a n - 0 7 F e b - 0 7 M a r - 0 7 A p r - 0 7 M a y - 0 7 J u n - 0 7 J u l - 0 7 A u g - 0 7 T o t a l s Oc c u p a n c y 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 2 % 9 2 % 9 2 % 97% 40 0 5 S c h e d u l e d R e n t a l R e v e n u e 3 0 3 , 6 1 2 3 0 3 , 6 1 2 3 0 3 , 6 1 2 3 0 3 , 6 1 2 3 0 3 , 6 1 2 3 0 3 , 6 1 2 3 0 3 , 6 1 2 3 0 3 , 6 1 2 3 0 3 , 6 1 2 3 0 3 , 6 1 2 3 0 3 , 6 1 2 3 0 3 , 6 1 2 3 , 6 4 3 , 3 4 4 40 3 0 G a i n ( L o s s ) t o L e a s e ( 2 9 0 ) ( 2 9 0 ) ( 2 9 0 ) ( 2 9 0 ) ( 2 9 0 ) ( 2 9 0 ) ( 2 9 0 ) ( 2 9 0 ) ( 2 9 0 ) ( 2 9 0 ) ( 1 5 , 5 9 0 ) ( 1 5 , 9 5 0 ) ( 3 4 , 4 4 0 ) 40 4 5 S h o r t T e r m R e n t P r e m i u m 3 , 0 0 0 3 , 0 0 0 3 , 0 0 0 3 , 0 0 0 3 , 0 0 0 3 , 0 0 0 3 , 0 0 0 3 , 0 0 0 3 , 0 0 0 0 0 0 2 7 , 0 0 0 40 5 0 V a c a n c y L o s s ( 6 , 0 7 2 ) ( 6 , 0 7 2 ) ( 6 , 0 7 2 ) ( 6 , 0 7 2 ) ( 6 , 0 7 2 ) ( 6 , 0 7 2 ) ( 6 , 0 7 2 ) ( 6 , 0 7 2 ) ( 6 , 0 7 2 ) ( 2 4 , 2 8 9 ) ( 2 4 , 2 8 9 ) ( 2 4 , 2 8 9 ) ( 1 2 7 , 5 1 7 ) 40 5 5 P r i o r P e r i o d A d j - V a c a n y 00 0 0 0 0 0 0 0 0 0 0 0 40 5 6 P r i o r P e r i o d A d j - R e n t 00 0 0 0 0 0 0 0 0 0 0 0 40 6 0 L e a s e C o m m i s s i o n s 00 0 0 0 0 0 0 0 0 0 0 0 40 6 1 L e a s e P r o r a t e C o n c e s s i o n s ( 1 9 , 7 0 0 ) ( 1 9 , 7 0 0 ) ( 1 9 , 7 0 0 ) ( 1 9 , 7 0 0 ) ( 1 9 , 7 0 0 ) ( 1 9 , 7 0 0 ) ( 1 9 , 7 0 0 ) ( 1 9 , 7 0 0 ) ( 1 9 , 7 0 0 ) ( 1 9 , 7 0 0 ) ( 6 , 7 0 0 ) ( 6 , 7 0 0 ) ( 2 1 0 ,400) 40 6 2 O t h e r C o n c e s s - S c h o l o r s h i p 00 0 0 0 0 0 0 0 0 0 0 0 40 7 5 A c c e l e r a t e d R e n t 00 0 0 0 0 0 0 0 0 0 0 0 40 8 2 W r i t e - o f f s R e n t a l I n c o m e ( 3 , 0 0 0 ) ( 3 , 0 0 0 ) ( 3 , 0 0 0 ) ( 3 , 0 0 0 ) ( 3 , 0 0 0 ) ( 3 , 0 0 0 ) ( 3 , 0 0 0 ) ( 3 , 0 0 0 ) ( 3 , 0 0 0 ) ( 3 , 0 0 0 ) ( 3 , 0 0 0 ) ( 3 , 0 0 0 ) ( 3 6 , 0 0 0 ) 40 8 5 N o n - R e s i d e n t / E m p . R n t . D i s c . U n i t s ( 4 , 5 1 2 ) ( 4 , 5 1 2 ) ( 4 , 5 1 2 ) ( 4 , 5 1 2 ) ( 4 , 5 1 2 ) ( 4 , 5 1 2 ) ( 4 , 5 1 2 ) ( 4 , 5 1 2 ) ( 4 , 5 1 2 ) ( 4 , 5 1 2 ) ( 4 , 5 1 2 ) ( 4 , 5 1 2 ) ( 5 4 , 1 44) To t a l R e n t a l I n c o m e 27 3 , 0 3 8 2 7 3 , 0 3 8 2 7 3 , 0 3 8 2 7 3 , 0 3 8 2 7 3 , 0 3 8 2 7 3 , 0 3 8 2 7 3 , 0 3 8 2 7 3 , 0 3 8 2 7 3 , 0 3 8 2 5 1 , 8 2 1 2 4 9 , 5 2 1 2 4 9 , 1 6 1 3 , 2 0 7 , 8 4 3 Ec o n o m i c O c c u p a n c y 9 0 % 9 0 % 9 0 % 9 0 % 9 0 % 9 0 % 9 0 % 9 0 % 9 0 % 8 3 % 8 2 % 8 2 % 8 8 % 40 9 5 G a r a g e / C a r p o r t R e n t 2 , 9 0 0 2 , 9 0 0 2 , 9 0 0 2 , 9 0 0 2 , 9 0 0 2 , 9 0 0 2 , 9 0 0 2 , 9 0 0 2 , 9 0 0 2 , 6 0 0 2 , 6 0 0 2 , 6 0 0 3 3 , 9 0 0 40 9 6 G a r a g e / C a r p o r t C o n c e s s i o n 00 0 0 0 0 0 0 0 0 0 0 0 41 0 5 P e t F e e s / R e n t / N o n - R e f D e p . 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 , 8 0 0 41 1 5 S t o r a g e R e n t a l I n c o m e 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 , 2 0 0 41 5 5 V e n d i n g I n c o m e 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 , 2 0 0 41 7 5 A p p l i c t i o n F e e s 00 0 0 0 0 0 0 0 0 0 0 0 41 7 7 A p p l i c a t i o n F e e E x p e n s e 00 0 0 0 0 0 0 0 0 0 0 0 41 8 5 C a n c e l l a t i o n F e e s 00 0 0 0 0 0 0 0 0 0 0 0 41 8 7 W r i t e - O f f s C a n c e l l a t i o n F e e s 00 0 0 0 0 0 0 0 0 0 0 0 41 9 0 R e l e t F e e s 2 2 5 2 2 5 2 2 5 2 2 5 2 2 5 2 2 5 2 2 5 2 2 5 2 2 5 2 2 5 2 2 5 2 2 5 2 , 7 0 0 42 0 0 N S F F e e s 7 5 7 5 7 5 7 5 7 5 7 5 7 5 7 5 7 5 7 5 7 5 7 5 9 0 0 42 0 5 L a t e F e e s 2 , 2 5 0 2 , 2 5 0 2 , 2 5 0 2 , 2 5 0 2 , 2 5 0 2 , 2 5 0 2 , 2 5 0 2 , 2 5 0 2 , 2 5 0 2 , 2 5 0 2 , 2 5 0 2 , 2 5 0 2 7 , 0 0 0 42 1 0 A c c e s s C a r d F e e s 2 0 2 0 2 0 2 0 2 0 2 0 2 0 2 0 2 0 2 0 2 0 2 0 2 4 0 42 1 5 D a m a g e s 00 0 0 0 0 0 0 0 0 0 0 0 42 1 6 W r i t e - O f f s D a m a g e s 00 0 0 0 0 0 0 0 0 0 0 0 42 1 7 A d m i n i s t r a t i v e F e e s 2 6 0 2 6 0 2 6 0 2 6 0 2 6 0 2 6 0 2 6 0 2 6 0 2 6 0 2 6 0 2 6 0 2 6 0 3 , 1 2 0 42 2 0 F o r f e i t e d D e p o s i t s 00 0 0 0 0 0 0 0 0 0 0 0 42 5 5 C o m m o n A r e a F e e s 00 0 0 0 0 0 0 0 0 0 0 0 42 6 0 L e a s e V i o l a t i o n s I n c o m e 00 0 0 0 0 0 0 0 0 0 0 0 43 0 5 O t h e r R e n t a l I n c o m e ( M i s c . I n c o m e ) 1 , 5 0 0 1 , 5 0 0 1 , 5 0 0 1 , 5 0 0 1 , 5 0 0 1 , 5 0 0 1 , 5 0 0 1 , 5 0 0 1 , 5 0 0 1 , 5 0 0 1 , 5 0 0 1 , 5 0 0 1 8 , 0 0 0 43 0 9 W r i t e - o f f s - O t h e r R e n t a l 00 0 0 0 0 0 0 0 0 0 0 0 45 1 0 S h o r t - t e r m I n v e s t m e n t s 00 0 0 0 0 0 0 0 0 0 0 0 To t a l O t h e r I n c o m e 7 , 5 8 0 7 , 5 8 0 7 , 5 8 0 7 , 5 8 0 7 , 5 8 0 7 , 5 8 0 7 , 5 8 0 7 , 5 8 0 7 , 5 8 0 7 , 2 8 0 7 , 2 8 0 7 , 2 8 0 9 0 , 0 6 0 To t a l I n c o m e 2 8 0 , 6 1 8 2 8 0 , 6 1 8 2 8 0 , 6 1 8 2 8 0 , 6 1 8 2 8 0 , 6 1 8 2 8 0 , 6 1 8 2 8 0 , 6 1 8 2 8 0 , 6 1 8 2 8 0 , 6 1 8 2 5 9 , 1 0 1 2 5 6 , 8 0 1 2 5 6 , 4 4 1 3 , 2 9 7 , 9 0 3 Th e B a l l p a r k @ A u s t i n Au s t i n , T X 5 / 2 4 / 2 0 0 6 28 2 U n i t s 7 6 8 B e d s Se p - 0 6 O c t - 0 6 N o v - 0 6 D e c - 0 6 J a n - 0 7 F e b - 0 7 M a r - 0 7 A p r - 0 7 M a y - 0 7 J u n - 0 7 J u l - 0 7 A u g - 0 7 T o t a l s Oc c u p a n c y 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 2 % 9 2 % 9 2 % 97% Th e B a l l p a r k @ A u s t i n 50 2 3 S a l a r i e s - M a n a g e m e n t 8 , 4 5 1 1 2 , 6 7 8 8 , 4 5 1 8 , 4 4 8 8 , 4 4 8 8 , 4 5 1 8 , 4 5 1 8 , 4 5 1 1 2 , 6 7 8 8 , 4 4 8 8 , 4 4 8 8 , 4 5 1 1 0 9 , 8 5 3 50 2 5 H o u r l y W a g e s - S e r v i c e 7 , 6 9 4 1 1 , 5 4 2 7 , 6 9 4 7 , 6 9 2 7 , 6 9 2 7 , 6 9 4 7 , 6 9 4 7 , 6 9 4 1 1 , 5 4 2 7 , 6 9 2 7 , 6 9 2 7 , 6 9 4 1 0 0 , 0 1 5 50 3 0 H o u r l y W a g e s - H o u s e k e e p i n g 00 0 0 0 0 0 0 0 0 0 0 0 50 4 5 O v e r t i m e 00 0 0 0 0 0 0 0 0 0 0 0 50 4 6 O v e r t i m e - M a n a g e m e n t 1 , 5 0 0 00 0 0 0 0 0 0 0 0 2,2503,750 50 4 7 O v e r t i m e - S e r v i c e 2 , 2 5 0 00 0 0 0 0 0 0 0 0 3,5005,750 50 5 0 O v e r t i m e - M a i n t / G r o u n d s 00 0 0 0 0 0 0 0 0 0 0 0 50 5 5 O v e r t i m e - H o u s e k e e p i n g 00 0 0 0 0 0 0 0 0 0 0 0 50 6 2 T e m p o r a r y E m p l o y m e n t 2 , 0 0 0 00 0 0 0 0 0 0 0 0 3,0005,000 50 8 0 P a y r o l l T a x e s 2 , 3 6 9 3 , 7 6 4 1 , 9 5 5 1 , 9 5 5 1 , 9 9 7 2 , 0 8 1 2 , 1 1 7 2 , 0 3 3 3 , 0 0 2 2 , 0 2 1 2 , 0 2 1 2 , 0 2 1 2 7 , 3 3 8 50 9 0 G r o u p I n s u r a n c e 1 , 3 0 0 1 , 3 0 0 1 , 3 0 0 1 , 3 0 0 1 , 3 0 0 1 , 3 0 0 1 , 3 0 0 1 , 3 0 0 1 , 3 0 0 1 , 3 0 0 1 , 3 0 0 1 , 3 0 0 1 5 , 6 0 0 51 0 0 W o r k e r s C o m p e n s a t i o n 2 , 3 6 9 3 , 7 6 4 1 , 9 5 5 1 , 9 5 5 1 , 9 9 7 2 , 0 8 1 2 , 1 1 7 2 , 0 3 3 3 , 0 0 2 2 , 0 2 1 2 , 0 2 1 2 , 0 2 1 2 7 , 3 3 8 51 0 5 E m p l o y e r 4 0 1 k C o n t r i b u t i o n s 00 0 0 0 0 0 0 0 0 0 0 0 51 1 4 U n i f o r m s 0 0 2 5 0 0 0 2 5 0 0 0 2 5 0 0 0 2 5 0 1 , 0 0 0 51 1 7 O t h e r P e r s o n n e l E x p e n s e 4 2 5 4 2 5 4 2 5 4 2 5 4 2 5 4 2 5 4 2 5 4 2 5 4 2 5 4 2 5 4 2 5 4 2 5 5 , 1 0 0 51 4 6 E m p l o y e e S c r e e n i n g F e e s 00 0 0 0 0 0 0 0 0 0 0 0 51 4 7 E m p l o y e e R e c r u i t i n g F e e s 00 0 0 0 0 0 0 0 0 0 0 0 51 4 9 H e l p W a n t e d N e w s p a p e r A d 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 6 0 0 51 9 0 L e a s i n g C o m m i s s i o n s 2 , 7 5 0 7 , 1 5 0 2 0 0 2 0 0 5 0 0 1 , 2 0 0 1 , 5 0 0 7 5 0 7 5 0 7 5 0 7 5 0 5 0 0 1 7 , 0 0 0 To t a l P e r s o n n e l E x p e n s e 3 1 , 1 5 8 4 0 , 6 7 4 2 2 , 2 8 0 2 2 , 0 2 4 2 2 , 4 0 8 2 3 , 5 3 2 2 3 , 6 5 4 2 2 , 7 3 6 3 3 , 0 0 0 2 2 , 7 0 6 2 2 , 7 0 6 3 1 , 4 6 2 3 1 8 , 3 4 4 54 1 1 E l e c t r i c i t y - C l u b h o u s e 4 , 0 0 0 3 , 3 0 0 3 , 3 3 0 3 , 3 3 0 3 , 3 3 0 3 , 3 3 0 3 , 6 0 0 3 , 6 0 0 3 , 6 0 0 6 , 0 0 0 6 , 0 0 0 6 , 0 0 0 4 9 , 4 2 0 54 1 3 E l e c t r i c i t y - V a c a n t s 3 , 0 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 2 0 0 2 0 0 6 , 0 0 0 1 0 , 2 0 0 54 1 4 E l e c t r i c i t y - R e i m b u r s e m e n t s 00 0 0 0 0 0 0 0 0 0 0 0 54 3 6 W a t e r / S e w e r - C l u b h o u s e 2 0 , 0 0 0 1 7 , 5 0 0 1 7 , 5 0 0 1 7 , 5 0 0 1 7 , 5 0 0 1 7 , 5 0 0 1 7 , 5 0 0 1 7 , 5 0 0 1 7 , 5 0 0 2 0 , 0 0 0 2 0 , 0 0 0 2 0 , 0 0 0 2 2 0 , 0 0 0 54 4 2 W a t e r / S e w e r - R e s i d e n t s 00 0 0 0 0 0 0 0 0 0 0 0 54 5 6 G a s 00 0 0 0 0 0 0 0 0 0 0 0 54 6 0 G a s - C l u b h o u s e / M o d e l s 6 2 5 6 2 5 6 2 5 7 5 0 1 , 0 0 0 7 5 0 7 5 0 7 5 0 6 2 5 6 2 5 6 2 5 6 2 5 8 , 3 7 5 54 7 5 R e f u s e R e m o v a l 2 , 0 0 0 7 7 5 7 7 5 7 7 5 7 7 5 7 7 5 7 7 5 7 7 5 7 7 5 7 7 5 7 7 5 2 , 0 0 0 1 1 , 7 5 0 55 0 5 C a b l e 5 , 3 5 0 5 , 3 5 0 5 , 3 5 0 5 , 3 5 0 5 , 3 5 0 5 , 3 5 0 5 , 3 5 0 5 , 3 5 0 5 , 3 5 0 5 , 3 5 0 5 , 3 5 0 5 , 3 5 0 6 4 , 2 0 0 55 1 4 R e s i d e n t T e l e p h o n e 00 0 0 0 0 0 0 0 0 0 0 0 55 2 0 O t h e r F u e l s U t i l i t i e s 00 0 0 0 0 0 0 0 0 0 0 0 55 2 5 R e s i d e n t I n t e r n e t 1 0 , 2 5 0 1 0 , 2 5 0 1 0 , 2 5 0 1 0 , 2 5 0 1 0 , 2 5 0 1 0 , 2 5 0 1 0 , 2 5 0 1 0 , 2 5 0 1 0 , 2 5 0 1 0 , 2 5 0 1 0 , 2 5 0 1 0 , 2 5 0 1 2 3 , 0 0 0 To t a l U t i l i t i e s 4 5 , 2 2 5 3 7 , 9 0 0 3 7 , 9 3 0 3 8 , 0 5 5 3 8 , 3 0 5 3 8 , 0 5 5 3 8 , 3 2 5 3 8 , 3 2 5 3 8 , 2 0 0 4 3 , 2 0 0 4 3 , 2 0 0 5 0 , 2 2 5 4 8 6 , 9 4 5 Au s t i n , T X 5 / 2 4 / 2 0 0 6 28 2 U n i t s 7 6 8 B e d s Se p - 0 6 O c t - 0 6 N o v - 0 6 D e c - 0 6 J a n - 0 7 F e b - 0 7 M a r - 0 7 A p r - 0 7 M a y - 0 7 J u n - 0 7 J u l - 0 7 A u g - 0 7 T o t a l s Oc c u p a n c y 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 2 % 9 2 % 9 2 % 97% Th e B a l l p a r k @ A u s t i n 56 5 6 T e l e p h o n e - B a s i c 6 5 0 6 5 0 6 5 0 6 5 0 6 5 0 6 5 0 6 5 0 6 5 0 6 5 0 6 5 0 6 5 0 6 5 0 7 , 8 0 0 56 5 7 T e l e p h o n e - L o n g D i s t a n c e 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 , 5 0 0 56 6 5 A n s w e r i n g S e r v i c e / P a g e r s 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 , 8 0 0 58 0 5 P o s t a g e 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 , 4 0 0 58 1 0 C o u r i e r / O v e r n i g h t D e l i v e r y 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 1 7 5 2 , 1 0 0 58 2 0 C o m p u t e r S u p p l i e s 00 0 0 0 0 0 0 0 0 0 0 0 58 2 5 C o m p u t e r E q u i p - S o f t w a r e 7 5 7 5 7 5 7 5 7 5 7 5 2 , 5 7 5 7 5 7 5 7 5 7 5 7 5 3 , 4 0 0 58 3 8 B a n k C h a r g e s 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 8 0 58 3 9 E m p l o y e e E v a l u a t i o n s 00 0 0 0 0 0 0 0 0 0 0 0 58 4 0 C r e d i t C a r d C h a r g e s 1 , 3 0 0 1 , 6 0 0 1 , 4 2 5 8 5 0 8 5 0 2 , 0 0 0 1 , 4 5 0 9 7 5 7 7 5 8 5 0 1 , 5 5 0 1 , 1 0 0 1 4 , 7 2 5 58 4 2 O f f i c e S u p p l i e s 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 3 , 0 0 0 58 4 3 O f f i c e D e c o r a t i o n s 0 0 7 5 7 5 7 5 0 7 5 7 5 0 7 5 7 5 0 525 58 4 4 S a f e t y E q u i p m e n t 7 5 7 5 7 5 7 5 7 5 7 5 7 5 7 5 7 5 7 5 7 5 7 5 9 0 0 58 4 5 F i r e A l a r m I n s p e c t i o n / E q u i p m e n t 00 0 0 0 0 0 0 2, 4 0 0 0 4 , 0 0 0 0 6 , 4 0 0 58 4 6 P r i n t i n g a n d S t a t i o n a r y 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 9 0 0 1 0 0 2 , 0 0 0 58 4 7 C o p i e r / F a x E x p e n s e 2 2 5 2 2 5 3 7 5 2 2 5 2 2 5 3 7 5 2 2 5 2 2 5 3 7 5 2 2 5 2 2 5 3 7 5 3 , 3 0 0 58 5 2 L i c e n s e s / P e r m i t s / F e e s 0 0 1 0 0 0 0 4 0 0 0 0 0 4 5 0 0 0 9 5 0 58 6 5 S e c u r i t y / A l a r m E x p e n s e 5 0 0 0 5 0 0 0 5 0 0 0 5 0 0 0 2 0 0 58 8 7 E m p l o y e e T r a i n i n g / E d u c a t i o n 0 5 0 0 00 0 0 5 0 0 0 0 0 0 0 1,000 58 9 0 O t h e r A d m i n i s t r a t i v e E x p e n s e 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 9 , 0 0 0 To t a l A d m i n i s t r a t i o n E x p e n s e 4 , 1 4 0 4 , 8 9 0 4 , 5 4 0 3 , 7 6 5 3 , 7 1 5 5 , 3 4 0 7 , 3 6 5 3 , 8 4 0 6 , 1 1 5 4 , 2 1 5 9 , 2 1 5 4 , 0 4 0 6 1 , 1 8 0 61 1 0 E x t e r m i n a t i o n 3 1 5 3 1 5 3 1 5 3 1 5 3 1 5 3 1 5 3 1 5 3 1 5 3 1 5 3 1 5 3 1 5 3 1 5 3 , 7 8 0 61 1 5 L a n d s c a p e C o n t r a c t 2 , 6 0 0 2 , 6 0 0 2 , 6 0 0 2 , 6 0 0 2 , 6 0 0 2 , 6 0 0 2 , 6 0 0 2 , 6 0 0 2 , 6 0 0 2 , 6 0 0 2 , 6 0 0 2 , 6 0 0 3 1 , 2 0 0 61 3 0 P r o t e c t i o n S e r v i c e s C o n t r a c t 8 5 0 8 5 0 8 5 0 8 5 0 8 5 0 8 5 0 8 5 0 8 5 0 8 5 0 8 5 0 8 5 0 8 5 0 1 0 , 2 0 0 61 4 5 C l e a n i n g 00 0 0 0 0 0 0 0 0 0 0 0 61 5 0 O t h e r C o n t r a c t S e r v i c e s 4 0 0 4 0 0 4 0 0 4 0 0 4 0 0 4 0 0 4 0 0 4 0 0 4 0 0 4 0 0 4 0 0 4 0 0 4 , 8 0 0 To t a l C o n t r a c t S e r v i c e s 4 , 1 6 5 4 , 1 6 5 4 , 1 6 5 4 , 1 6 5 4 , 1 6 5 4 , 1 6 5 4 , 1 6 5 4 , 1 6 5 4 , 1 6 5 4 , 1 6 5 4 , 1 6 5 4 , 1 6 5 4 9 , 9 8 0 61 6 0 A l a r m S y s t e m R e p a i r 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 , 2 0 0 61 6 5 A p p l i a n c e R e p a i r 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 6 0 0 61 8 5 I n t e r i o r E l e c t r i c a l R e p a i r 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 3 0 0 61 9 0 I n t e r i o r L i g h t B u l b s 3 5 3 5 3 5 3 5 3 5 3 5 3 5 3 5 3 5 3 5 3 5 3 5 4 2 0 61 9 5 I n t e r i o r P a i n t a n d W a l l p a p e r 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 6 0 0 62 0 0 C a r p e t C l e a n / R e p a i r / D r y 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 , 8 0 0 62 0 5 I n t e r i o r S h e e t r o c k R e p a i r 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 8 0 62 1 0 I n t e r i o r V i n y l a n d T i l e 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 5 1 8 0 62 1 5 P l u m b i n g R e p a i r 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 , 5 0 0 62 3 5 J a n i t o r i a l S u p p l i e s 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 1 5 0 4 0 0 1 5 0 1 5 0 1 5 0 1 5 0 5 0 0 2 , 4 0 0 62 4 0 W i n d o w C o v e r g i n g R e p a i r 00 0 0 0 0 0 0 0 0 0 0 0 62 4 5 R e c r e a t i o n F a c i l i t y R e p a i r 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 , 5 0 0 62 5 0 L o c k s a n d K e y s 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 , 2 0 0 62 6 5 O t h e r I n t e r i o r R e p a i r s a n d M a i n t e n a n c e 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 , 2 0 0 To t a l I n t e r i o r M a i n t e n a n c e 1 , 0 4 0 1 , 0 4 0 1 , 0 4 0 1 , 0 4 0 1 , 0 4 0 1 , 0 4 0 1 , 2 9 0 1 , 0 4 0 1 , 0 4 0 1 , 0 4 0 1 , 0 4 0 1 , 3 9 0 1 3 , 0 8 0 Au s t i n , T X 5 / 2 4 / 2 0 0 6 28 2 U n i t s 7 6 8 B e d s Se p - 0 6 O c t - 0 6 N o v - 0 6 D e c - 0 6 J a n - 0 7 F e b - 0 7 M a r - 0 7 A p r - 0 7 M a y - 0 7 J u n - 0 7 J u l - 0 7 A u g - 0 7 T o t a l s Oc c u p a n c y 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 2 % 9 2 % 9 2 % 97% Th e B a l l p a r k @ A u s t i n 62 7 5 P o o l & S p a S u p p l i e s a n d R e p a i r 3 5 0 3 5 0 3 5 0 3 5 0 3 5 0 3 5 0 3 5 0 3 5 0 3 5 0 3 5 0 3 5 0 3 5 0 4 , 2 0 0 62 8 0 G o l f C a r t R e p a i r 4 0 4 0 4 0 4 0 4 0 4 0 4 0 4 0 4 0 4 0 4 0 4 0 4 8 0 62 8 5 H V A C R e p a i r a n d M a i n t e n a n c e 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 3 , 0 0 0 62 9 0 L a n d s c a p i n g S u p p l i e s 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 6 0 0 63 1 0 R o o f R e p a i r s 00 0 0 0 0 0 0 0 0 0 0 0 63 1 5 W i n d o w s a n d S c r e e n s 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 , 5 0 0 63 2 0 E x t e r i o r P a i n t 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 6 0 0 63 2 5 E x t e r i o r E l e c t r i c a l 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 3 0 0 63 3 0 E x t e r i o r L i g h t B u l b s 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 , 2 0 0 63 3 5 E x t e r i o r R e p a i r s 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 3 0 0 63 4 5 A c c e s s G a t e R e p a i r 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 0 0 1 , 2 0 0 63 5 0 W a l k s a n d P a r k i n g L o t s 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 3 0 0 63 6 0 T o o l s a n d E q u i p m e n t 3 5 3 5 3 5 3 5 3 5 3 5 3 5 3 5 3 5 3 5 3 5 3 5 4 2 0 63 6 5 F e n c e R e p a i r 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 6 0 0 To t a l E x t e r i o r M a i n t e n a n c e 1 , 2 2 5 1 , 2 2 5 1 , 2 2 5 1 , 2 2 5 1 , 2 2 5 1 , 2 2 5 1 , 2 2 5 1 , 2 2 5 1 , 2 2 5 1 , 2 2 5 1 , 2 2 5 1 , 2 2 5 1 4 , 7 0 0 To t a l R e p a i r s a n d M a i n t e n a n c e 2 , 2 6 5 2 , 2 6 5 2 , 2 6 5 2 , 2 6 5 2 , 2 6 5 2 , 2 6 5 2 , 5 1 5 2 , 2 6 5 2 , 2 6 5 2 , 2 6 5 2 , 2 6 5 2 , 6 1 5 2 7 , 7 8 0 63 8 0 M a k e R e a d y - I n t e r i o r R e p a i r s 3 , 3 0 0 0 0 0 2 0 0 00 0 0 5 0 0 0 3,2507,250 63 8 5 M a k e R e a d y - I n t . R e p . - R e i m b u r s e m e n t 00 0 0 0 0 0 0 0 0 0 0 0 63 9 0 M a k e R e a d y - C a r p e t C l e a n i n g 1 6 , 0 0 0 0 0 0 4 0 0 00 0 0 1,200050018,100 63 9 5 M a k e R e a d y - C a r p e t C l e a n i n g - R e i m b . 00 0 0 0 0 0 0 0 0 0 0 0 64 0 0 M a k e R e a d y - C a r p e t R e p l a c e m e n t 00 0 0 0 0 0 0 0 0 0 0 0 64 0 5 G e n e r a l C l e a n i n g 1 9 , 0 0 0 0 0 0 4 0 0 00 0 0 1,5000020,900 64 1 0 M a k e R e a d y - G e n . C l e a n . - R e i m b . 00 0 0 0 0 0 0 0 0 0 0 0 64 1 5 M a k e R e a d y - I n t e r i o r P a i n t R e p a i r 4 8 , 5 0 0 0 0 0 7 5 0 00 0 0 2,7000051,950 64 2 0 M a k e R e a d y - I n t e r i o r P a i n t - R e i m b . 00 0 0 0 0 0 0 0 0 0 0 0 64 2 5 A p p l i a n c e R e p a i r 5 0 0 00 0 0 0 0 0 0 0 0 7 5 0 1,250 64 3 0 L o c k / K e y s 6 5 0 00 0 0 0 0 0 0 0 0 2 5 0 9 0 0 64 3 5 I n t e r i o r L i g h t B u l b s 1 5 0 00 0 0 0 0 0 0 0 0 3 0 0 4 5 0 64 4 0 W i n d o w C o v e r i n g R e p a i r 00 0 0 0 0 0 0 0 0 0 0 0 64 4 5 T e n a n t R e i m b u r s e m e n t 00 0 0 0 0 0 0 0 0 0 0 0 64 5 0 W r i t e - o f f s / T e n a n t R e i m b u r s e m e n t 00 0 0 0 0 0 0 0 0 0 0 0 64 5 5 M a k e R e a d y - M i s c e l l a n e o u s E x p . 5 0 0 00 0 0 0 0 0 0 5 0 0 0 7 5 0 1,750 65 8 0 L i g h t F i x t u r e s 1 5 0 00 0 0 0 0 0 0 0 0 5 0 0 6 5 0 To t a l T u r n o v e r E x p e n s e 8 8 , 7 5 0 0 0 0 1 , 7 5 0 00 0 0 6,40006,300103,200 66 4 5 L o c a t o r F e e s 5 0 , 5 0 0 3 0 0 3 0 0 3 0 0 3 0 0 3 0 0 3 0 0 3 0 0 3 0 0 3 0 0 3 0 0 3 0 0 5 3 , 8 0 0 66 5 0 L o c a t o r R e l a t i o n s 00 0 0 0 0 0 0 0 0 0 0 0 66 5 5 R e s i d e n t R e l a t i o n s 00 0 0 0 0 0 0 0 0 0 0 0 66 5 6 R e s i d e n t F u n c t i o n s 1 , 5 0 0 5 0 0 4 0 0 2 5 0 5 0 0 5 0 0 5 0 0 5 0 0 2 5 0 2 5 0 2 5 0 2 5 0 5 , 6 5 0 66 5 8 C a m p u s E v e n t s 2 5 0 00 0 0 5 0 0 5 0 0 0 0 0 0 5 0 0 1,750 66 7 0 N e w s p a p e r s 00 0 0 0 7 0 0 7 0 0 7 0 0 7 0 0 7 0 0 0 0 3,500 66 7 5 M a g a z i n e s 00 0 0 0 7 0 0 7 0 0 7 0 0 7 0 0 7 0 0 0 0 3,500 66 8 5 B r o c h u r e A d v e r t i s i n g 0 0 3 , 0 0 0 00 0 0 0 0 0 0 3,000 66 9 0 D i r e c t M a i l 00 0 0 0 2, 5 0 0 3 , 5 0 0 0 7 5 0 0 0 0 6 , 7 5 0 66 9 5 A p a r t m e n t G u i d e s 00 0 0 0 0 0 0 0 0 0 0 0 67 0 0 S i g n a g e / S i g n P l a c e m e n t 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 5 0 6 0 0 67 1 5 I n t e r n e t A d v e r t i s i n g 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 7 5 0 9 , 0 0 0 67 2 0 M o d e l A p a r t m e n t E x p e n s e 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 2 5 3 0 0 67 2 5 F l a g s / B a n n e r s / M a t s 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 2 5 1 , 5 0 0 67 3 0 O f f i c e R e f r e s h m e n t s 00 0 0 0 0 0 0 0 0 0 0 0 67 3 5 O t h e r A d v e r t i s i n g & M a r k e t i n g 2 5 0 2 5 0 2 5 0 2 5 0 2 5 0 2 , 0 0 0 2 , 0 0 0 2 , 0 0 0 2 5 0 1 , 5 0 0 2 5 0 2 5 0 9 , 5 0 0 To t a l A d v e r t i s i n g & P r o m o t i o n s 5 3 , 4 5 0 2 , 0 0 0 4 , 9 0 0 1 , 7 5 0 2 , 0 0 0 8 , 1 5 0 9 , 1 5 0 5 , 1 5 0 3 , 9 0 0 4 , 4 0 0 1 , 7 5 0 2 , 2 5 0 9 8 , 8 5 0 Au s t i n , T X 5 / 2 4 / 2 0 0 6 28 2 U n i t s 7 6 8 B e d s Se p - 0 6 O c t - 0 6 N o v - 0 6 D e c - 0 6 J a n - 0 7 F e b - 0 7 M a r - 0 7 A p r - 0 7 M a y - 0 7 J u n - 0 7 J u l - 0 7 A u g - 0 7 T o t a l s Oc c u p a n c y 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 2 % 9 2 % 9 2 % 97% Th e B a l l p a r k @ A u s t i n 69 1 0 L e g a l F e e s 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 , 4 0 0 To t a l L e g a l F e e s 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 0 0 2 , 4 0 0 69 1 5 A c c o u n t i n g F e e s 00 0 0 0 0 0 0 0 0 0 0 0 69 2 5 A u d i t F e e s 00 0 0 9, 5 0 0 00 0 0 0 0 0 9,500 69 3 5 O t h e r P r o f e s s i o n a l F e e s 00 0 0 0 0 0 0 0 0 0 0 0 To t a l P r o f e s s i o n a l F e e s 00 0 0 9, 5 0 0 00 0 0 0 0 0 9,500 0 72 0 5 T r a v e l 00 0 0 0 0 0 0 0 0 0 0 0 72 1 0 A i r f a r e 00 0 0 0 0 0 0 0 0 0 0 0 72 1 5 A u t o R e n t a l / G a s 00 0 0 0 0 0 0 0 0 0 0 0 72 2 0 L o d g i n g 00 0 0 0 0 0 0 0 0 0 0 0 72 2 5 M e a l s 00 0 0 0 0 0 0 0 0 0 0 0 72 4 0 P a r k i n g , T o l l s a n d F e e s 00 0 0 0 0 0 0 0 0 0 0 0 To t a l T r a v e l a n d E n t e r t a i n m e n t 00 0 0 0 0 0 0 0 0 0 0 0 74 2 0 P r o p e r t y M g m t F e e 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 0 , 3 6 4 1 0 , 2 7 2 1 0 , 2 5 8 1 3 1 , 9 1 6 To t a l M a n a g e m e n t F e e 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 1 , 2 2 5 1 0 , 3 6 4 1 0 , 2 7 2 1 0 , 2 5 8 1 3 1 , 9 1 6 75 1 0 P r o p e r t y I n s u r a n c e 8 , 7 0 0 8 , 7 0 0 8 , 7 0 0 8 , 7 0 0 0 0 0 2 9 , 0 0 0 0 1 7 , 5 0 0 8 , 7 0 0 8 , 7 0 0 9 8 , 7 0 0 75 2 5 P r o p e r t y T a x e s 00 0 0 0 0 0 0 0 0 0 0 0 To t a l I n s u r a n c e a n d T a x e s 8 , 7 0 0 8 , 7 0 0 8 , 7 0 0 8 , 7 0 0 0 0 0 2 9 , 0 0 0 0 1 7 , 5 0 0 8 , 7 0 0 8 , 7 0 0 9 8 , 7 0 0 77 7 5 B a s i c P r o g r a m F e e s 00 0 0 0 0 0 0 0 0 0 0 0 79 6 0 E m p l o y e e R e l a t i o n s / M e m b e r s h i p 00 0 0 0 0 0 0 0 0 0 0 0 To t a l D u e s a n d M e m b e r s h i p F e e s 00 0 0 0 0 0 0 0 0 0 0 0 To t a l O p e r a t i n g E x p e n s e s 2 4 9 , 2 7 8 1 1 2 , 0 1 9 9 6 , 2 0 5 9 2 , 1 4 9 9 5 , 5 3 3 9 2 , 9 3 2 9 6 , 5 9 9 1 1 6 , 9 0 6 9 9 , 0 7 0 1 1 5 , 4 1 5 1 0 2 , 4 7 3 1 2 0 , 2 1 5 1 , 3 8 8 , 7 9 5 Ne t O p e r a t i n g I n c o m e 3 1 , 3 4 0 1 6 8 , 5 9 9 1 8 4 , 4 1 3 1 8 8 , 4 6 9 1 8 5 , 0 8 5 1 8 7 , 6 8 6 1 8 4 , 0 1 9 1 6 3 , 7 1 2 1 8 1 , 5 4 8 1 4 3 , 6 8 6 1 5 4 , 3 2 8 1 3 6 , 2 2 6 1 , 9 0 9 , 1 0 8 94 1 0 I n t e r e s t E x p e n s e - F i x e d 00 0 0 0 0 0 0 0 0 0 0 0 To t a l I n t e r e s t E x p e n s e 00 0 0 0 0 0 0 0 0 0 0 0 Au s t i n , T X 5 / 2 4 / 2 0 0 6 28 2 U n i t s 7 6 8 B e d s Se p - 0 6 O c t - 0 6 N o v - 0 6 D e c - 0 6 J a n - 0 7 F e b - 0 7 M a r - 0 7 A p r - 0 7 M a y - 0 7 J u n - 0 7 J u l - 0 7 A u g - 0 7 T o t a l s Oc c u p a n c y 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 8 % 9 2 % 9 2 % 9 2 % 97% Th e B a l l p a r k @ A u s t i n 95 1 0 E x t e r i o r P a i n t 0 6 0 , 0 0 0 00 0 0 0 0 0 0 0 0 60,000 95 1 5 H V A C 5 0 0 5 0 0 5 0 0 5 0 0 5 0 0 5 0 0 5 0 0 5 0 0 5 0 0 5 0 0 5 0 0 5 0 0 6 , 0 0 0 95 2 0 L a n d s c a p e 00 0 0 0 0 0 0 0 0 0 0 0 95 3 0 S i g n a g e 0 3 0 0 00 0 0 0 0 3 0 0 0 0 0 6 0 0 95 5 5 C a r p e t 1 3 , 5 0 0 00 0 0 0 0 0 0 1,5000015,000 95 7 0 C o u n t e r t o p s 1 , 0 0 0 00 0 0 0 0 0 0 0 0 0 1,000 95 7 5 D o o r s 7 5 0 00 0 0 0 0 0 0 4 0 0 0 0 1,150 95 8 0 L i g h t F i x t u r e s 00 0 0 0 0 0 0 0 0 0 0 0 95 9 0 B l i n d s 7 5 0 00 0 0 0 0 0 0 0 0 0 7 5 0 96 0 0 P l u m b i n g 7 5 0 00 0 0 0 0 0 0 0 0 0 7 5 0 96 0 5 R e c r e a t i o n s F a c i l i t i e s 0 1 2 , 5 0 0 00 0 0 0 0 0 0 0 0 12,500 96 1 0 S e c u r i t y S y s t e m 00 0 0 0 0 0 0 0 0 0 0 0 96 2 0 V i n y l 00 0 0 0 0 0 0 0 0 0 0 0 96 3 0 C e i l i n g F a n s 3 5 0 00 0 0 0 0 0 0 0 0 0 3 5 0 96 3 5 A p p l i a n c e s 5 0 0 0 0 5 0 0 0 0 5 0 0 0 0 5 0 0 0 0 2 , 0 0 0 96 4 5 R e i m b u r s e m e n t s 00 0 0 0 0 0 0 0 0 0 0 0 96 5 0 R e p l a c e m e n t s - O t h e r 2 2 , 0 0 0 00 0 0 0 0 0 0 12,5000034,500 To t a l R e p l a c e m e n t s 4 0 , 1 0 0 7 3 , 3 0 0 5 0 0 1 , 0 0 0 5 0 0 5 0 0 1 , 0 0 0 5 0 0 8 0 0 1 5 , 4 0 0 5 0 0 5 0 0 1 3 4 , 6 0 0 98 2 7 S t a r t - u p C o s t s 00 0 0 0 0 0 0 0 0 0 0 0 St a r t - u p C o s t s 00 0 0 0 0 0 0 0 0 0 0 0 98 6 0 B a s i c P r o g r a m A d m i n i s t a t o r F e e 00 0 0 0 0 0 0 0 0 0 0 0 Is s u r e r ' s F e e 00 0 0 0 0 0 0 0 0 0 0 0 99 0 0 T a x R e t u r n P r e p F e e s 00 0 0 0 0 0 0 0 0 0 0 0 As s e t M a n a g e m e n t F e e s 2 , 6 2 7 2 , 6 2 7 2 , 6 2 7 2 , 6 2 7 2 , 6 2 7 2 , 6 2 7 2 , 6 2 7 2 , 6 2 7 2 , 6 2 7 2 , 6 2 7 2 , 6 2 7 2 , 6 2 7 3 1 , 5 2 4 99 0 6 S e r v i c e F e e s 00 0 0 0 0 0 0 0 0 0 0 0 99 1 5 T r u s t e e a n d I s s u e r e e s 4 1 7 4 1 7 4 1 7 4 1 7 4 1 7 4 1 7 4 1 7 4 1 7 4 1 7 4 1 7 4 1 7 4 1 7 5 , 0 0 4 To t a l O t h e r E x p e n s e 3 , 0 4 4 3 , 0 4 4 3 , 0 4 4 3 , 0 4 4 3 , 0 4 4 3 , 0 4 4 3 , 0 4 4 3 , 0 4 4 3 , 0 4 4 3 , 0 4 4 3 , 0 4 4 3 , 0 4 4 3 6 , 5 2 8 Op e r a t i n g R e s e r v e 00 0 0 0 0 0 0 0 0 0 0 0 To t a l S u s p e n s e 00 0 0 0 0 0 0 0 0 0 0 0 To t a l N o n - o p e r a t i n g E x p e n s e s 4 3 , 1 4 4 7 6 , 3 4 4 3 , 5 4 4 4 , 0 4 4 3 , 5 4 4 3 , 5 4 4 4 , 0 4 4 3 , 5 4 4 3 , 8 4 4 1 8 , 4 4 4 3 , 5 4 4 3 , 5 4 4 1 7 1 , 1 2 8 CA S H F L O W ( 1 1 , 8 0 4 ) 9 2 , 2 5 5 1 8 0 , 8 6 9 1 8 4 , 4 2 5 1 8 1 , 5 4 1 1 8 4 , 1 4 2 1 7 9 , 9 7 5 1 6 0 , 1 6 8 1 7 7 , 7 0 4 1 2 5 , 2 4 2 1 5 0 , 7 8 4 1 3 2 , 6 8 2 1 , 7 3 7 , 9 8 0