Resident Manager's Report
May 2006
The yard cleanup scheduled for May 21 has been postponed for the present.
We have received one bid from Superior Asphalt for sealing cracks in the blacktop in the North part of the park for $2613. Another bid from CASI is pending.
There has been one noise complaint this month. Julie talked to them.
Unwanted appliance was called to remove a refrigerator from the north side of the laundry. It seems these appliances appear in the night.
One resident has asked to have a cottonwood tree in his yard pruned and a dead branch removed. We have asked Boulder Tree to give an estimate. Another resident would like a tree removed because it is killing her grass.
We also have a request from a resident to put a driveway in her yard. Another resident would like to install a fence in back of his home.
Two sewer cleanouts have been completed. There is a possibility that one of these involves a broken trap under the home.
The outside water turnoff in one unit is leaking. This was previously repaired by Mobile Maintenance and they are in the process of correcting the problem.
A faucet was installed in the main water control area for the South end of the park.
One resident in the 34A-35B area has requested to have light posts installed at each resident. She strongly objects to a large area light.
The vehicle ticketed last month for expired license now has a current permit
Financial Report:
May 22, 2006
RE: Mapleton Mobile Home Park, April 2006 Financial Report
Financial Outline
Scheduled Rental: $ 45,773.00 Net Operating Income: $ 7,592.48
Total Income: $42,141.51 Total Operating Expense: $ 34,549.03
Net Income; $ 7,592.48
Total Liabilities and Capital $179,086.81 Total Lots 135
Summary of Operations
Enclosed is the April 2006 financial statement. Budgeted Rental Income was $45,211.00. The amount collected this month was $45,773.00. Actual Collection loss was ($1,438.85). Total Operating Income for the month of March was $42,141.51, which was $3,934.49 less than budgeted due to vacancy loss, late fees, and net prepaids. The April operating expenses were $34,549.03, which was $7,464.52 less than budgeted due to taxes, legal fees, copying expense, sewer and trash service, and the land trust fee.
The Net Operating Income for April was $7,592.48. Cash on hand was $151,850.74. Security Deposit reserve is $27,236.07 As of April 30, 2006 there were 17 residents with past due amounts. The total amount owed on these accounts is $30,462.72. Of these accounts 6 have balances of $1000.00 or more that are 90 days past due. Total due over 90 days is $17,502.00. 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.