| Guam Housing Corporation | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Statement of Revenues and Expenditures | |||||||||
| From 10/1/2005 Through 9/30/2006 | |||||||||
| Total Budget $ - | YTD Budget $ - | Over (Under) | Remaining | ||||||
| Original | Original | Current Year Actual | Budget | Variance | Balance | ||||
| Operating Revenues: | |||||||||
| Interest on loans receivable | 1,974,312.60 | 1,974,312.60 | 2,046,435.72 | 72,123.12 | 3.6500% | (72,123.12) | |||
| Rental Income | 781,298.00 | 781,298.00 | 806,196.30 | 24,898.30 | 3.1800% | (24,898.30) | |||
| Interest on investments held by bond | 221,413.00 | 221,413.00 | 170,604.21 | (50,808.79) | (22.9400%) | 50,808.79 | |||
| trustees | |||||||||
| Loan origination fees | 27,972.57 | 27,972.57 | 62,447.17 | 34,474.60 | 123.2400% | (34,474.60) | |||
| Late fees and service fees | 44,450.00 | 44,450.00 | 56,496.30 | 12,046.30 | 27.1000% | (12,046.30) | |||
| Total Operating Revenues: | 3,049,446.17 | 3,049,446.17 | 3,142,179.70 | 92,733.53 | 3.0410% | (92,733.53) | |||
| Operating Expenses: | |||||||||
| Interest expense MRB | 300,218.73 | 300,218.73 | 297,850.62 | 2,368.11 | (0.7800%) | 2,368.11 | |||
| Interest expense notes payable | 531,754.19 | 531,754.19 | 527,852.40 | 3,901.79 | (0.7300%) | 3,901.79 | |||
| Salaries | 1,041,258.12 | 1,041,258.12 | 870,932.71 | 170,325.41 | (16.3500%) | 170,325.41 | |||
| Bad debts and provision for loan losses | 70,000.00 | 70,000.00 | 25,292.69 | 44,707.31 | (63.8600%) | 44,707.31 | |||
| Retirement contributions | 169,734.98 | 169,734.98 | 158,212.78 | 11,522.20 | (6.7800%) | 11,522.20 | |||
| Retiree supplemental, cola & health | 70,272.00 | 70,272.00 | 49,426.29 | 20,845.71 | (29.6600%) | 20,845.71 | |||
| benefits | |||||||||
| Depreciation | 185,456.57 | 185,456.57 | 164,168.43 | 21,288.14 | (11.4700%) | 21,288.14 | |||
| Contractual services | 129,341.25 | 129,341.25 | 88,434.20 | 40,907.05 | (31.6200%) | 40,907.05 | |||
| Professional services | 74,196.37 | 74,196.37 | 62,269.16 | 11,927.21 | (16.0700%) | 11,927.21 | |||
| Rent | 72,205.32 | 72,205.32 | 72,197.76 | 7.56 | (0.0100%) | 7.56 | |||
| Other | 73,242.19 | 73,242.19 | 56,541.53 | 16,700.66 | (22.8000%) | 16,700.66 | |||
| Loan origination costs | 30,000.00 | 30,000.00 | 34,247.39 | (4,247.39) | 14.1500% | (4,247.39) | |||
| Travel | 0.00 | 0.00 | 0.00 | 0.00 | 0.0000% | 0.00 | |||
| Employee benefits, other than retirement | 109,148.00 | 109,148.00 | 53,621.05 | 55,526.95 | (50.8700%) | 55,526.95 | |||
| Maintenance | 35,500.00 | 35,500.00 | 28,018.81 | 7,481.19 | (21.0700%) | 7,481.19 | |||
| Bond trustee fees | 16,342.00 | 16,342.00 | 15,859.00 | 483.00 | (2.9500%) | 483.00 | |||
| Directors' fees | 4,200.00 | 4,200.00 | 0.00 | 4,200.00 | (100.0000%) | 4,200.00 | |||
| Loss on disposal of assets | 0.00 | 0.00 | 1,646.18 | (1,646.18) | 0.0000% | (1,646.18) | |||
| Total Operating Expenses: | 2,912,869.72 | 2,912,869.72 | 2,506,571.00 | 406,298.72 | (13.9484%) | 406,298.72 | |||
| Non-operating Revenue (Expenses) | |||||||||
| Interest income on bank deposits | 126,398.00 | 126,398.00 | 336,123.66 | 209,725.66 | 165.9200% | (209,725.66) | |||
| Other income | 350.00 | 350.00 | 9,693.64 | 9,343.64 | 2669.6100% | (9,343.64) | |||
| Total Non-operating Revenue (Expenses) | 126,748.00 | 126,748.00 | 345,817.30 | 219,069.30 | 172.8385% | (219,069.30) | |||
| Increase (Decrease) in net assets | 263,324.45 | 263,324.45 | 981,426.00 | 718,101.55 | 272.7000% | (718,101.55) | |||
Date: 10/27/06 08:16:55 PM Page: 1