|
Schedule C |
|
The Park Central
Condominium |
|
Condominium Operating
Budget |
|
January 1, 2010 to
December 31, 2010 |
|
|
|
|
|
|
|
|
|
|
|
TS Units |
|
Tower |
|
|
|
|
|
Hotel |
|
T/S Units |
|
T/S Units |
|
Flrs |
|
Units |
|
|
|
|
|
Units |
|
Flr 26 |
|
Flr 2 |
|
25-14,12 |
|
27-31 |
|
Total |
|
Common Interest |
|
69.317% |
|
2.409% |
|
2.498% |
|
21.415% |
|
4.361% |
|
100.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Common
Charges |
|
$
2,810,185 |
|
$
154,158 |
|
$ 159,913
|
|
$
1,368,804 |
|
$ 281,003
|
|
$
4,774,063 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
58.86% |
|
3.23% |
|
3.35% |
|
28.67% |
|
5.89% |
|
100.0% |
| |
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
1. Labor |
|
$0 |
|
$0 |
|
$0 |
|
$0 |
|
$0 |
|
$0 |
| |
|
|
|
|
|
|
|
|
|
|
2. Heating |
|
$ 625,710 |
|
$
21,741 |
|
$
22,548 |
|
$
193,317 |
|
$
39,363 |
|
$
902,679 |
| |
|
69.32% |
|
2.41% |
|
2.50% |
|
21.42% |
|
4.36% |
|
100.00% |
|
3.
Electricity |
|
$
1,433,445 |
|
$
49,807 |
|
$
51,655 |
|
$
442,871 |
|
$
90,178 |
|
$
2,067,956 |
| |
|
69.32% |
|
2.41% |
|
2.50% |
|
21.42% |
|
4.36% |
|
100.00% |
|
4. Water &
Sewer |
|
$ 299,915 |
|
$
10,421 |
|
$
10,808 |
|
$
92,660 |
|
$
18,868 |
|
$
432,672 |
| |
|
69.32% |
|
2.41% |
|
2.50% |
|
21.42% |
|
4.36% |
|
100.00% |
|
5.
Repairs, Maint. & Supplies |
$0 |
|
$
26,057 |
|
$
27,024 |
|
$
231,696 |
|
$
47,178 |
|
$
331,956 |
|
(Excludes Hotel
Unit) |
|
|
|
7.85% |
|
8.15% |
|
69.30% |
|
14.70% |
|
100.00% |
|
6. Service
Contracts |
|
$ 451,116 |
|
$
15,675 |
|
$
16,256 |
|
$
139,375 |
|
$
28,380 |
|
$
650,801 |
| |
|
69.32% |
|
2.41% |
|
2.50% |
|
21.42% |
|
4.36% |
|
100.00% |
|
7.
Management Fees |
|
$0 |
|
$0 |
|
$0 |
|
$0 |
|
$0 |
|
$0 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.
Insurance |
|
$0 |
|
$
19,076 |
|
$
19,805 |
|
$
168,399 |
|
$
35,721 |
|
$
243,000 |
|
(Excludes Hotel Unit) |
|
|
|
7.85% |
|
8.15% |
|
69.30% |
|
14.70% |
|
100.00% |
|
9. Legal &
Audit |
|
$0 |
|
$
9,420 |
|
$
9,780 |
|
$
83,160 |
|
$
17,640 |
|
$
120,000 |
|
(Excludes Hotel Unit) |
|
|
|
7.85% |
|
8.15% |
|
69.30% |
|
14.70% |
|
100.00% |
|
10.
Contingency |
|
$0 |
|
$
1,963 |
|
$
2,038 |
|
$
17,325 |
|
$
3,675 |
|
$
25,000 |
|
(Excludes Hotel Unit) |
|
|
|
7.85% |
|
8.15% |
|
69.30% |
|
14.70% |
|
100.00% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ 2,810,185
|
|
$ 154,158 |
|
$ 159,913 |
|
$ 1,368,804 |
|
$ 281,003 |
|
$ 4,774,063
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Timeshare Unit Common
Charges relating to the Common Elements are reported on the
corresponding |
|
line item on the Timeshare
Association Budget. The Sponsor is currently responsible for
the cost |
|
related to the Sales
Offices (downsized) located on the second floor. See Schedule
B. |
|
