Resident Manager's Report
October 2006
• The new storage shed has been delivered and painted.
• Several light posts have been repaired.
• Also a large area of the southwest part of the park has been without lights due to a break in the line. It was difficult to find where the break occurred. It has been located and is in the process of being repaired.
• We have received three noise complaints. 1: The drums are still going at # 75. 2:
One resident is repeatedly slamming the trunk lid of her car (apparently it is broken). 3: A car driving through the park playing very loud music. This vehicle is a frequent visitor of one of our residents. I believe we are in the process of sending letters to residents whose visitors are violating rules.
• Boulder Tree has been called to evaluate two trees reported as dangerous by residents. One of these trees is marked with blue.
• One sewer cleanout was attempted without success. This involved unit #34B. This area has no outside cleanouts and Garvins repair man was unable to access area under home. Enzo replaced pipes under home to include cleanout. Garvins did clean main line in that area.
• The tree in lot #173 was removed by Enzo. This tree was rubbing finback and roof of home causing damage to the home. Also has put pressure on the gas meters and lines.
• One resident has requested speed bumps for the East Valmont entrance road.
• Several” No Parking” signs are appearing on residents lawns and one is attached the name plate on the post. Is this a concern?
• We have some concerns regarding our role in the infrastructure problems concerning lights, water etc.
• One vehicle was ticketed for expired license.
Financial Report, October 23, 2006
RE: Mapleton Mobile Home Park, September 2006 Financial Report
Financial Outline
Scheduled Rental: $45,625.00 Net Operating Income: $ 835.81
Total Income: $41,379.10 Total Operating Expense: $ 40,543.29
Net Income; $11,223.79
Total Liabilities and Capital $211,287.12 Total Lots 135
Summary of Operations
Enclosed is the September 2006 financial statement. Budgeted Rental Income was $43,000.00. The amount collected this month was $45,625.00. Actual Collection loss was ($853.00). Total Operating Income for the month of September was $41,379.10, which was $506.90 less than budgeted due to vacancy loss, collection loss and net pre-paids. The September operating expenses were $40,543.29, which was $1.087.29 more than budgeted due to legal fees, plumbing repairs, supplies, general maintenance, gas, water, sewer, trash service, and insurance,.
The Net Operating Income for September was $835.81. Cash on hand was $183,645.44.
Security Deposit reserve is $27,507.00. As of September 30, 2006 there were 14 residents with
past due amounts. The total amount owed on these accounts is $33,366.37. Of these accounts
8 have balances of $1,000.00 or more that are 90 days past due. Total due over 90 days is
$23,630.00. 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.