Resident Manager's Report
August 2006
Diamond Tree was selected to do our tree work, but Hast has not received copies of insurance.
We have one MHA home improvement form request for lot 149.
One sewer cleanout was completed.
The speed bumps were installed.
The August yard cleanup was a success. Two large dumpsters of trash
Were hauled away from Mapleton Park. However, five of the "worst" did not take advantage of the help.
There was a gas leak at one unit. Excel was called and they shut off the gas. Roger was called to dig line and A gas connection repaired line.
Three cars were ticketed –two for illegal parking and one for no license.
We picked up some equipment from storage at Mobile Maintenance. We will need a shed before we can complete this project. Enzo has researched shed prices and the most reasonable is at Lowe's.
One resident was reported to police for a noise violation.
The picket fences from lots #34A and B and 34A have been removed.
Consider new fluorescent bulbs for outside lights.
A big thanks to Enzo for cleaning up one large dumpster of trash from the area north of the wash house. This saved us a significant amount of money.
August 21, 2006
RE: Mapleton Mobile Home Park, July 2006 Financial Report
Financial Outline
Scheduled Rental: $43,758.00 Net Operating Income: $ 4,836.03
Total Income: $42,052.65 Total Operating Expense: $ 37,216.62
Net Income; $ 4,836.03
Total Liabilities and Capital $200,232.09 Total Lots 135
Summary of ODerations
Enclosed is the July 2006 financial statement. Budgeted Rental Income was $45,211.00. The amount collected this month was $43,758.00. Actual Collection loss was ($779.31). Total Operating Income for the month of July was $42,052.65, which was $4,023.35 less than budgeted due to, collection loss, net prepaids, and vacancy loss. The July operating expenses were $37,216.62, which was $6,720.97 more than budgeted due to storage fees, copying, general repairs, water, sewer, trash service, taxes and the land trust fee.
The Net Operating Income for July was $4,836.03. Cash on hand was $172,760.63. Security Deposit reserve is $27,471.46 As of July 31, 2006 there were 12 residents with past due amounts. The total amount owed on these accounts is $30,388.18. Of these accounts 7 have balances of $1000.00 or more that are 90 days past due. Total due over 90 days is $19,346.00. This balance includes three residents whose rent structure is in dispute.
At this time, there are 5 vacant lots, one administrative unit and one unit occupied by the resident manager. All of these units are included in Total Lots of 135.