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Presented in 2020Presented in 2019
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DRAFT
2019-20 GFH BUDGET
DRAFT
2020-21 GFH BUDGET
DRAFT
2020-21 GFH BUDGET W/OPTIONS
DRAFT
2019-20 GFH BUDGET
DRAFT
2020-21 GFH BUDGET
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INCOME
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Bad Debt W/Off($40,002)($40,000)($40,000)($40,002)($40,000)
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Rent$30,910,867$53,476,247$53,476,247 $31,361,228$52,415,701
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Conference Housing/Recharge Revenue$0$82,260$82,260 $0$0
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Vending (washer & dryer)$136,986$126,214$126,214$136,986$159,722
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Miscellaneous$2,769$1,860$1,860$2,769$84,568
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Total Income$31,010,620$53,646,581$53,646,581$31,460,981$52,619,991
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EXPENSE
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Staff salaries and benefits$10,875,974$15,119,346$15,119,346$10,879,738$13,856,216
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Supplies & Expenses$4,984,847$6,339,827$6,339,827$4,957,861$5,851,953
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Recharge$4,165,626$6,332,341$6,332,341$4,220,825$6,052,548
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Utilities - Housing$3,374,034$4,047,624$4,047,624$2,769,770$3,954,244
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TOTAL EXPENSE$23,400,481 $31,839,138 $31,839,138 $22,828,194 $29,714,961
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RECAP
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INCOME$31,010,620 $53,646,581 $53,646,581 $31,460,981 $52,619,991
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EXPENSE$23,400,481 $31,839,138 $31,839,138 $22,828,194 $29,714,961
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NET TOTAL$7,610,139 $21,807,443 $21,807,443 $8,632,787 $22,905,030
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ASSESSMENT$26,922,436 $32,871,651 $32,871,651 $26,921,004 $31,275,030
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SURPLUS/DEFICIT($19,312,297)($11,064,208)($11,064,208)($18,288,217)($8,370,000)
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1.030 1.0501.060
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2019-20202019-20202020-20212020-20212020-20212020-20212020-20212020-20212020-20212020-20212020-20212020-20212020-20212020-2021
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APARTMENT TYPE (# of revenue generating apts or bedspaces + # of non revenue generating)Rates per aptRates per personRates per apt with increase $ Increase per apt % Increase per aptRates per person $ Increase per person % Increase per person rentRates per apt divisible by 30% Increase per aptRates per person% Increase per apt$ Increase per person - monthly$ Increase per person - annually
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Coast Studio (20 + 1)$792.00 $792.00$815.76 $23.76 3.00%$815.76$23.763.00%$816.003.03%$816.003.03%$24.00$288.00
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Coast 1 Bedroom (54)$1,074.00 $1,074.00$1,106.22 $32.22 3.00%$1,106.22$32.223.00%$1,107.003.07%$1,107.003.07%$33.00$396.00
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Coast 2 Bedroom (30 + 1)$1,500.00 $750.00$1,545.00 $45.00 3.00%$772.50$22.503.00%$1,545.003.00%$772.503.00%$22.50$270.00
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Mesa - Central 1 Bedroom (9)$1,101.00 $1,101.00$1,134.03 $33.03 3.00%$1,134.03$33.033.00%$1,134.003.00%$1,134.003.00%$33.00$396.00
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Mesa - Central 2 Bedroom (182)$1,215.00 $607.50$1,251.45 $36.45 3.00%$625.73$18.233.00%$1,251.002.96%$625.502.96%$18.00$216.00
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Mesa - Central 3 Bedroom (8 + 1)$1,413.00 $471.00$1,455.39 $42.39 3.00%$485.13$14.133.00%$1,455.002.97%$485.002.97%$14.00$168.00
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Mesa - South 2 Bedroom (187 + 3)$1,407.00 $703.50$1,449.21 $42.21 3.00%$724.61$21.113.00%$1,449.002.99%$724.502.99%$21.00$252.00
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One Miramar Street (OMS) 2 Bedroom (402 + 1)$1,305.00 $652.50$1,344.15 $39.15 3.00%$672.08$19.583.00%$1,344.002.99%$672.002.99%$19.50$234.00
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Rita Atkinson Residences 2 Bedroom (66 + 1)$1,200.00 $600.00$1,236.00 $36.00 3.00%$618.00$18.003.00%$1,236.003.00%$618.003.00%$18.00$216.00
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Mesa Nueva Studio (850 + 3)$846.00 $846.00$896.76 $50.766.00%$896.76$50.766.00%$897.006.03%$897.006.03%$51.00$612.00
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Mesa Nueva 1 Bedroom (44)$1,191.00 $1,191.00$1,250.55 $59.555.00%$1,250.55$59.555.00%$1,251.005.04%$1,251.005.04%$60.00$720.00
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Mesa Nueva 2 Bedroom (168)$1,665.00 $819.00$1,748.25 $83.255.00%$859.95$40.955.00%$1,749.005.05%$861.005.13%$42.00$504.00
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Mesa Nueva 2 Bedroom (168) - Master BR/BA$1,665.00 $846.00$1,748.25 $83.255.00%$888.30$42.305.00%$1,749.005.05%$888.004.96%$42.00$504.00
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Mesa Nueva 3 Bedroom (42)$2,469.00 $813.00$2,592.45 $123.455.00%$853.65$40.655.00%$2,592.004.98%$852.004.80%$39.00$468.00
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Mesa Nueva 3 Bedroom (42) - Master BR/BA$2,469.00 $843.00$2,592.45 $123.455.00%$885.15$42.155.00%$2,592.004.98%$888.005.34%$45.00$540.00
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Nuevo West Studio (4)$1,101.00 $1,101.00$1,101.00 $0.000.00%$1,101.00$0.000.00%$1,101.000.00%$1,101.000.00%$0.00$0.00
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Nuevo West 2 Bedroom (113+1)$1,929.00 $964.50$1,929.00 $0.000.00%$964.50$0.000.00%$1,929.000.00%$964.500.00%$0.00$0.00
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Nuevo West 4 Bedroom (132)$3,756.00 $939.00$3,756.00 $0.000.00%$939.00$0.000.00%$3,756.00 0.00%$939.00 0.00%$0.00$0.00
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Nuevo West 6 Bedroom (7)$5,490.00 $915.00$5,490.00 $0.000.00%$915.00$0.000.00%$5,490.00 0.00%$915.00 0.00%$0.00$0.00
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Nuevo East 1 Bedroom (199)$1,302.00 $1,302.00$1,302.00 $0.000.00%$1,302.00$0.000.00%$1,302.00 0.00%$1,302.00 0.00%$0.00$0.00
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Nuevo East 2 Bedroom (268)$1,851.00 $925.50$1,851.00 $0.000.00%$925.50$0.000.00%$1,851.00 0.00%$925.50 0.00%$0.00$0.00
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Nuevo East 3 Bedroom (107+1)$2,850.00 $950.00$2,850.00 $0.000.00%$950.00$0.000.00%$2,850.00 0.00%$950.00 0.00%$0.00$0.00
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Nuevo East 4 Bedroom (76)$3,600.00 $900.00$3,600.00 $0.000.00%$900.00$0.000.00%$3,600.00 0.00%$900.00 0.00%$0.00$0.00
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Total Income$53,473,991 $53,476,247
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TABLE A - includes options2019-20202019-20202020-20212020-20212020-20212020-20212020-20212020-20212020-20212020-20212020-20212020-20212020-20212020-2021
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APARTMENT TYPE (# of revenue generating apts or bedspaces + # of non revenue generating)Rates per aptRates per personRates per apt with increase $ Increase per apt % Increase per aptRates per person $ Increase per person % Increase per person rentRates per apt divisible by 30% Increase per aptRates per person% Increase per apt$ Increase per person - monthly$ Increase per person - annually
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Coast Studio (20 + 1)$792.00 $792.00$815.76 $23.76 3.00%$815.76$23.763.00%$816.003.03%$816.003.03%$24.00$288.00
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Coast 1 Bedroom (54)$1,074.00 $1,074.00$1,106.22 $32.22 3.00%$1,106.22$32.223.00%$1,107.003.07%$1,107.003.07%$33.00$396.00
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Coast 2 Bedroom (30 + 1)$1,500.00 $750.00$1,545.00 $45.00 3.00%$772.50$22.503.00%$1,545.003.00%$772.503.00%$22.50$270.00
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Mesa - Central 1 Bedroom (9)$1,101.00 $1,101.00$1,134.03 $33.03 3.00%$1,134.03$33.033.00%$1,134.003.00%$1,134.003.00%$33.00$396.00
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Mesa - Central 2 Bedroom (182)$1,215.00 $607.50$1,251.45 $36.45 3.00%$625.73$18.233.00%$1,251.002.96%$625.502.96%$18.00$216.00
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Mesa - Central 3 Bedroom (8 + 1)$1,413.00 $471.00$1,455.39 $42.39 3.00%$485.13$14.133.00%$1,455.002.97%$485.002.97%$14.00$168.00
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Mesa - South 2 Bedroom (187 + 3)$1,407.00 $703.50$1,449.21 $42.21 3.00%$724.61$21.113.00%$1,449.002.99%$724.502.99%$21.00$252.00
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One Miramar Street (OMS) 2 Bedroom (402 + 1)$1,305.00 $652.50$1,344.15 $39.15 3.00%$672.08$19.583.00%$1,344.002.99%$672.002.99%$19.50$234.00
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Rita Atkinson Residences 2 Bedroom (66 + 1)$1,200.00 $600.00$1,236.00 $36.00 3.00%$618.00$18.003.00%$1,236.003.00%$618.003.00%$18.00$216.00
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Mesa Nueva Studio (850 + 3)$846.00 $846.00$896.76 $50.766.00%$896.76$50.766.00%$897.006.03%$897.006.03%$51.00$612.00
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Mesa Nueva 1 Bedroom (44)$1,191.00 $1,191.00$1,250.55 $59.555.00%$1,250.55$59.555.00%$1,251.005.04%$1,251.005.04%$60.00$720.00
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Mesa Nueva 2 Bedroom (168)$1,665.00 $819.00$1,748.25 $83.255.00%$859.95$40.955.00%$1,749.005.05%$861.005.13%$42.00$504.00
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Mesa Nueva 2 Bedroom (168) - Master BR/BA$1,665.00 $846.00$1,748.25 $83.255.00%$888.30$42.305.00%$1,749.005.05%$888.004.96%$42.00$504.00
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Mesa Nueva 3 Bedroom (42)$2,469.00 $813.00$2,592.45 $123.455.00%$853.65$40.655.00%$2,592.004.98%$852.004.80%$39.00$468.00
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Mesa Nueva 3 Bedroom (42) - Master BR/BA$2,469.00 $843.00$2,592.45 $123.455.00%$885.15$42.155.00%$2,592.004.98%$888.005.34%$45.00$540.00
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Nuevo West Studio (4)$1,101.00 $1,101.00$1,101.00 $0.000.00%$1,101.00$0.000.00%$1,101.000.00%$1,101.000.00%$0.00$0.00
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Nuevo West 2 Bedroom (113+1)$1,929.00 $964.50$1,929.00 $0.000.00%$964.50$0.000.00%$1,929.000.00%$964.500.00%$0.00$0.00
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Nuevo West 4 Bedroom (132)$3,756.00 $939.00$3,756.00 $0.000.00%$939.00$0.000.00%$3,756.000.00%$939.000.00%$0.00$0.00
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Nuevo West 6 Bedroom (7)$5,490.00 $915.00$5,490.00 $0.000.00%$915.00$0.000.00%$5,490.000.00%$915.000.00%$0.00$0.00
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Nuevo East 1 Bedroom (199)$1,302.00 $1,302.00$1,302.00 $0.000.00%$1,302.00$0.000.00%$1,302.000.00%$1,302.000.00%$0.00$0.00
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Nuevo East 2 Bedroom (268)$1,851.00 $925.50$1,851.00 $0.000.00%$925.50$0.000.00%$1,851.000.00%$925.500.00%$0.00$0.00
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Nuevo East 3 Bedroom (107+1)$2,850.00 $950.00$2,850.00 $0.000.00%$950.00$0.000.00%$2,850.000.00%$950.000.00%$0.00$0.00
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Nuevo East 4 Bedroom (76)$3,600.00 $900.00$3,600.00 $0.000.00%$900.00$0.000.00%$3,600.000.00%$900.000.00%$0.00$0.00
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Total Income$53,473,991 $53,476,247
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2020-20212020-20212020-20212020-20212020-20212020-2021
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Additional Revenue - Option A Additional rate per apt $ Increase per apt % Increase per aptAdditional rate per person $ Increase per person % Increase per person
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Mesa Nueva 1 Bedroom (44) - Washer/Dryer$0.00$0.000.00%$0.00$0.000.00%
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Mesa Nueva 2 Bedroom (168) - Washer/Dryer$0.00$0.000.00%$0.00$0.000.00%
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Mesa Nueva 3 Bedroom (42) - Washer/Dryer$0.00$0.000.00%$0.00$0.000.00%
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Total Income$0Washer/Dryer
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2020-20212020-20212020-20212020-20212020-20212020-2021
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Additional Revenue - Option B Additional rate for Master BR/BA $ Increase per apt % Increase per aptAdditional rate per person $ Increase per person % Increase per person
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Mesa Nueva 2 Bedroom (168) - Master BR/BA$0.00$0.000.00%$0.00$0.000.00%
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Mesa Nueva 3 Bedroom (42) - Master BR/BA$0.00$0.000.00%$0.00$0.000.00%
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Total Income$0Master BR/BA
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2020-20212020-20212020-20212020-20212020-20212020-20212020-20212020-2021
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Additional Revenue - Option CRates per aptRates per personAdditional rate per apt Rate per apt with ?% % Increase per aptRates per person at ?% $ Increase per person % Increase per person
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Mesa Nueva Studio (850 + 3)$896.76 $896.76$0.00$896.760.00%$896.76$0.000.00%
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Mesa Nueva 1 Bedroom (44) - additional ?% $1,250.55 $1,250.55$0.00$1,250.550.00%$1,250.55$0.000.00%
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Mesa Nueva 2 Bedroom (168) - additional ?%$1,748.25 $874.13$0.00$1,748.250.00%$874.13$0.000.00%
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Mesa Nueva 3 Bedroom (42) - additional ?%$2,592.45 $864.15$0.00$2,592.450.00%$864.15$0.000.00%
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Total Income$0
Additional ?% rent increase