Resident Manager's Report
December 2006
Due to the holiday period TCH was closed and the Executive Management Joint Meeting was not held.
Following are the resident manager's and financial reports.
MAPLETON PARK
RESIDENT MANAGERS REPORT
DECEMBER 2006
• The vehicle with the expired license and many extensions has been removed from the park by the owner of the vehicle. We have a request from another resident regarding an extension for expired license.
• We have received two complaints regarding residents parking in front of other peoples homes. We talked to the offending people and they moved their vehicles.
• Unwanted appliance was called to remove another refrigerator from the north parking area.
• Two sewer cleanouts have been completed. One was at a cost of $l50 and the other was $258.
• We received a call regarding gas leak at #4 due to construction and The Gas Connection was called to take care of the problem for the construction company.
• Our snow blower received extensive damage due to toy on sidewalk. We will need a replacement due to damage and the fact that this machine is not adequate for our needs.
• One resident called regarding ice in the street in front of home several days after snow storm. Due to disabilities it is difficult for her to walk. We cleared the ice from around her vehicle and will remove snow in that area after future snow storms.
• Arborist Kevin and Enzo walked the park to check on trees. He said trees in # 2, #14, #38, #43, #90, and #95 were dangerous and should be removed.
• Sandy is working on list of people living in homes, who are not on the lease. Letters have been sent.
Scheduled Rental: $45,695.00 Net Operating Income: $ 12,213.03
Total Income: $41,997.28 Total Operating Expense: $ 29,784.25
Net Income; $12,213.03
Total Liabilities and Capital $233,477.84 Total Lots 135
Summary of Operations
Enclosed is the November 2006 financial statement. Budgeted Rental Income was $48,240.00.
The amount collected this month was $45,695.00. Actual Collection loss was ($1,775.31). Total
Operating Income for the month of November was $41 ,997.28, which was $3277.72 less than
budgeted due to vacancy loss and collection loss. The November operating expenses were
$29,784.25, which was $3,840.75 less than budgeted due to not receiving and paying the
Thistle invoice.
The Net Operating Income for November was $12,213.03. Cash on hand was $205,663.78. Security Deposit reserve is $27,507.00. As of November 30, 2006 there were 13 residents with past due amounts. The total amount owed on these accounts is $43,103.90. Of these accounts 8 have balances of $1,000.00 or more that are 90 days past due. Total due over 90 days is
$34,312.53. This balance includes three residents whose rent structure is in dispute and a resident that was evicted and has a past due balance of $1 1,542.53 still owing..
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.