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2004-2005 Midwestern Budget ' . Midwestern State University-SunvnatcherVi|bage Annual Budget 2OO4-2OO5 Cash Flow Analysis For the fiscal year ending August 31. 3083-2004 2004-2005 Rental Revenue $1.040'408.00 1.711'980�80 Other Revenue 13`000.00 13.000.00 Leoa:Vacanoiea 48.000.00 48.000.80 Net Rental Revenues ' 1.613`400.00 1.084.980.00 Investment Earnings 27.224.00 58'447.00 Total Revenues 1.048'624.00 1.743.347.00 Utilities 256.332.00 257.472.00 Trustee Fee 5.000.00 5.000.00 Insurance 30.000.00 30'000.00 Replacement Reserve 58.800.00 80.504.00 Total Operating Expenses 350`132.00 353.030.00 Net Operating Income 1.200.492.00 1.390.311.00 Annual Debt Service 802.576.00 1.039.800.00 Debt Service Coverage 1.43 1,34 Net Cash Flow before Sub Costs 387.910.00 350.511.00 Salaries 63.488.00 90.024.00 Benefits 19'528.00 31.089.00 Hourly Wages 6.534.80 12.500.08 Administrative 118.008.80 100.000.00 Repairs &Maintenance 45.015.00 48.000.00 Turnover 32.738.00 30.000.00 Leasing &Advertising 7.618.00 6.000.00 Audit Fee 250000 2500.00 Total Subordinate Expenses 288.061.00 319.813.00 Cash Flow After Sub Costs 99.855.00 30.508.00 Issuer Fee 25.800.00 25.000.00 Net C h Flow ho Surplus $7485500 $559808 Cumulative total for R&Rfund $58'800.00 119'364.00