Section 8 - Variance Analysis to Budget - Jan 2012 - 2.27.12

Page 1

San Francisco Housing Authority Operating Budget vs. Actual Section 8 Programs For the Four Months Ending January 31, 2012 Line #

Descriptions

January Actual

Budget

Under/(Over)

Annual Budget

Budget

Year to Date Actual

Under/(Over)

Under/(Over) %

113 115 120 130

OPERATING RECEIPTS Gross Potential Rent Vacancy Loss Dwelling Rental Income Nondwelling Rentals

0.00% 0.00% 0.00% 0.00%

150

TOTAL RENTAL INCOME

0.00%

10,341,513 386,197

240 250 270

OPERATING SUBSIDY Public Housing Hope VI Capital Fund ARRA Housing Assistance Voucher Net Restricted Assets FEE INCOME Section 8 Admin Fee Reserve Voucher Admin Fee Income Management Fee Income Other

9,930

12

9,918

119,150

39,710

49

39,661

7.46% 0.00% 99.88%

290

TOTAL OPERATING RECEIPTS

11,496,300

11,005,283

491,017

137,955,569

45,985,162

44,599,301

1,385,861

3.01%

320 330 340 350 360 370 390 395 400 405 408 410 420 430

OPERATING EXPENSES Salaries Benefits Administrative Tenant Expenses Utilities Maintenance Materials Maintenance Contracts Fee for Services Rendered Protective Services Transfer Payments to HOPE VI Housing Assistance Payments Insurance Bad Debt Expenses Other General Expenses

229,585 182,884 96,460 170 5,290 1,210 7,160 2,280 5,290

225,330 179,859 67,705

4,255 3,025 28,755 170 571 437 4,466 2,280 2,339

2,984,609 2,377,490 1,156,762 2,000 63,390 14,500 86,000 27,400 63,390

1,033,134 822,977 385,082 640 21,070 4,820 28,720 9,160 21,070

1,119,762 773,170 320,487

12,698

(86,628) 49,807 64,595 640 (3,339) 3,002 18,051 9,160 8,372

10,727,710 10,040

10,329,276 11,079

398,434 (1,039)

128,732,418 120,510

42,910,738 40,190

41,793,848 43,437

1,116,890 (3,247)

420

5,000

1,640

450

TOTAL OPERATING EXPENSES

11,268,499

10,824,386

444,113

135,633,469

45,279,241

44,100,298

1,178,943

2.60%

470

TOTAL OPERATING INCOME

227,801

180,897

46,904

2,322,100

705,921

499,003

206,918

29.31%

500 510 520 530 535 540 560 570

LESS: NON-OPERATING EXPENSES Property Management Fees HCV Management Fees Capital Fund Management Fees ARRA Management Fees Asset Management Fees Bookkeeping Fees Extraordinary Expenses Casualty Losses

146,060

127,192

18,868

1,752,800

584,320

705,383

(121,063)

68,840

65,636 846

825,930

275,210

262,070 9,913

13,140 (9,913)

590

TOTAL NON-OPERATING EXPENSES

214,900

193,674

21,226

859,530

977,366

(117,836)

-13.71%

610

NET INCOME

12,901

(12,777)

25,678

(153,609)

(478,363)

324,754

-211.42%

170 180 190 200 220 230

758,660

10,452,233 (125,957) 678,995

4,719 773 2,694 2,951

420

(110,720) 512,154 79,665

3,204 (846)

124,098,051 4,634,367

41,365,946 1,544,785

40,766,500 1,024,348

599,446 520,437

9,104,001

3,034,721

2,808,404

226,317

2,578,730 (256,630)

24,409 1,818 10,669

1,640

0.00% 0.00% 0.00% 0.00% 1.45% 33.69%

-8.38% 6.05% 16.77% 100.00% -15.85% 62.28% 62.85% 100.00% 39.73% 0.00% 2.60% -8.08% 0.00% 100.00%

0.00% -20.72% 0.00% 0.00% 0.00% 4.77% 0.00% 0.00%


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