Financial Statement

Palmetto Crossing · 1020 · fiscal year ending August

cash book

Income statement Balance sheet Cash Accrual 12-month Budget & variance FY2024 FY2025 FY2026

12-Month Statement · cash · FY2026

Sep '25 – Aug '26

Account	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Total
LEASING INCOME
Rental Income 4010	$486,206	$496,041	$511,049	$520,179	$547,172	$562,723	$581,551	$561,466	$564,895	$566,298	$580,531	$575,782	$6,553,894
Concessions 4020	-$1,940	-$2,051	-$2,352	-$2,380	-$2,767	-$2,883	-$3,053	-$2,729	-$2,911	-$2,899	-$2,861	-$2,312	-$31,136
TOTAL LEASING INCOME	$484,266	$493,990	$508,697	$517,799	$544,405	$559,841	$578,498	$558,737	$561,984	$563,399	$577,671	$573,471	$6,522,758
OTHER INCOME
Pet Rent 4110	$724	$828	$885	$854	$906	$974	$1,055	$1,070	$985	$992	$1,051	$1,080	$11,405
Application Fees 4120	$788	$2,055	$1,598	$1,493	$1,695	$1,125	$1,598	$368	$1,620	$1,208	$1,695	$563	$15,803
Administrative Fees 4130	$1,250	$4,500	$2,750	$3,250	$3,000	$2,500	$2,750	$750	$3,000	$1,750	$3,000	$1,250	$29,750
Late Charges 4140	$1,913	$1,904	$2,482	$2,937	$2,197	$2,108	$2,346	$2,397	$2,788	$2,129	$2,236	$2,618	$28,054
Returned Check Fees 4150	$140	$210	$70	$245	—	$70	$140	$70	$70	$210	$245	$210	$1,680
Month-to-Month Fees 4160	$660	$660	$660	$660	$660	$660	$660	$605	$605	$850	$850	$850	$8,380
Insufficient Notice Penalties 4170	—	$625	—	—	—	—	$1,050	—	—	—	—	—	$1,675
Deposit Forfeitures 4180	$734	$440	$745	$400	$371	$86	$3,125	$587	$418	$1,201	$900	$1,430	$10,439
Damages 4190	$843	$890	$531	$363	$173	$33	$995	$732	$640	$1,005	$396	$533	$7,133
Cleaning Charges 4200	$360	$360	$480	$180	$180	$60	$1,080	$360	$240	$420	$300	$720	$4,740
Laundry/Machine Income 4220	$2,009	$1,905	$2,334	$1,884	$1,806	$1,795	$1,671	$1,750	$1,841	$1,640	$2,010	$1,684	$22,330
Miscellaneous Income 4290	$489	$625	$348	$355	$402	$286	$455	$485	$389	$392	$576	$581	$5,382
TOTAL OTHER INCOME	$9,909	$15,003	$12,883	$12,621	$11,390	$9,698	$16,925	$9,173	$12,596	$11,796	$13,260	$11,518	$146,771
TOTAL REVENUES	$494,175	$508,992	$521,580	$530,419	$555,795	$569,539	$595,422	$567,911	$574,580	$575,196	$590,930	$584,989	$6,669,528
OPERATING EXPENSES
Salaries Office 5010	$23,255	$34,982	$23,388	$23,455	$23,523	$23,590	$23,658	$23,726	$35,691	$23,862	$23,931	$24,000	$307,062
Salaries Maintenance 5020	$19,863	$29,881	$19,978	$20,035	$20,092	$20,150	$20,208	$20,266	$30,486	$20,382	$20,441	$20,500	$262,282
Overtime 5030	$4,033	$1,393	$1,795	$2,073	$1,376	$1,821	$2,845	$1,726	$2,208	$2,228	$1,332	$3,072	$25,903
Vacation/Holiday/Sick 5040	$1,920	$4,091	$2,137	$2,353	$1,957	$2,908	$2,567	$2,714	$3,002	$2,215	$2,129	$2,189	$30,182
Payroll Taxes & Benefits 5050	$10,373	$14,576	$9,935	$10,024	$9,898	$10,024	$10,276	$10,058	$15,045	$10,224	$10,055	$10,466	$130,954
Uniforms 5060	—	—	$316	$715	$278	—	—	$283	—	$456	$594	$508	$3,151
Employee Relations 5070	$1,283	$470	$218	$388	—	—	—	$492	—	$354	$721	—	$3,927
Total Payroll	$60,727	$85,393	$57,767	$59,044	$57,125	$58,494	$59,554	$59,265	$86,432	$59,722	$59,204	$60,734	$763,461
Office Supplies 5110	$865	$1,321	$1,024	$762	$679	$1,078	$950	$756	$867	$1,101	$855	$769	$11,026
Computer/Software 5120	$2,764	$3,441	$3,882	$3,149	$3,314	$3,783	$3,432	$3,081	$3,570	$3,249	$3,284	$3,485	$40,434
Telephone 5130	$1,454	$1,179	$716	$828	$1,005	$1,097	$1,011	$1,060	$902	$1,419	$919	$1,088	$12,679
Internet 5140	$687	$872	$655	$683	$753	$701	$632	$821	$606	$962	$1,411	$1,185	$9,967
Dues & Subscriptions 5150	$218	$188	$378	$367	$426	$384	$105	$202	$416	$565	$353	$219	$3,819
Licenses/Permits/Fees 5160	$1,489	$2,038	$2,318	$1,367	$1,239	$897	$1,651	$1,348	$1,210	$1,445	$1,286	$1,901	$18,188
Training 5170	$157	$500	$442	$225	$498	$192	$312	$473	$146	$124	$53	—	$3,121
Business Cards/Forms 5180	$241	$68	—	$183	$78	$122	$157	$45	$129	$247	$320	$522	$2,113
Total Administrative	$7,874	$9,608	$9,414	$7,563	$7,992	$8,254	$8,249	$7,786	$7,846	$9,111	$8,481	$9,170	$101,347
Advertising 5210	$7,016	$6,598	$5,892	$6,926	$9,212	$9,835	$11,031	$10,855	$10,148	$9,583	$9,559	$7,688	$104,341
Print Advertising 5220	$624	$283	$511	$555	$157	$699	$527	$488	$469	$686	$508	$431	$5,938
Model Expenses 5230	$818	$537	$638	$861	$760	$968	$829	$692	$943	$996	$638	$475	$9,156
Tenant Relations 5240	$1,653	$1,649	$1,625	$1,882	$1,692	$2,285	$1,639	$1,155	$1,231	$1,368	$1,274	$1,839	$19,294
Total Marketing	$10,112	$9,067	$8,666	$10,225	$11,820	$13,786	$14,026	$13,190	$12,791	$12,633	$11,979	$10,434	$138,730
R&M Supplies 5310	$6,118	$5,010	$5,141	$5,255	$4,402	$5,300	$5,938	$5,494	$4,492	$4,658	$5,356	$5,388	$62,553
R&M Air Conditioning 5320	$5,956	$5,040	$3,950	$3,565	$2,598	$2,650	$4,059	$6,213	$7,752	$6,815	$7,727	$7,645	$63,967
R&M Electrical 5330	$1,313	$1,527	$1,754	$1,855	$1,868	$1,727	$1,590	$1,779	$867	$1,454	$1,859	$2,188	$19,778
R&M Plumbing 5340	$3,081	$3,394	$4,887	$3,166	$3,103	$4,083	$4,047	$3,351	$3,158	$2,970	$3,444	$3,570	$42,250
R&M Appliances 5350	$2,221	$2,375	$2,711	$2,595	$2,692	$2,080	$1,595	$2,138	$2,776	$3,180	$2,214	$2,210	$28,785
R&M Painting 5360	$3,812	$3,277	$2,163	$2,513	$3,782	$5,165	$3,184	$6,471	$5,412	$5,037	$3,793	$5,988	$50,593
R&M Floors 5370	$5,647	$5,826	$6,734	$3,535	$4,440	$5,008	$7,376	$5,665	$4,936	$4,570	$2,897	$4,466	$61,097
R&M Doors 5380	$425	$714	$950	$798	$731	$849	$815	$809	$638	$680	$808	$773	$8,989
R&M Grounds 5390	$11,554	$11,030	$8,530	$6,938	$7,200	$6,155	$7,682	$9,729	$10,922	$11,605	$11,322	$13,132	$115,796
R&M Pool 5400	$2,596	$1,434	$2,277	$1,630	$1,697	$1,558	$1,596	$2,125	$3,194	$3,626	$3,258	$3,979	$28,968
R&M Pest Control 5410	$1,506	$1,677	$1,855	$1,686	$1,484	$1,579	$1,631	$1,587	$2,183	$2,263	$2,357	$1,688	$21,494
R&M Cleaning 5420	$3,438	$2,740	$2,839	$3,358	$3,931	$2,647	$2,460	$3,231	$2,707	$2,718	$4,003	$2,936	$37,005
R&M Fire Systems 5430	$883	$1,302	$1,757	$1,940	$2,354	$1,351	$973	$976	$1,620	$1,027	$293	$826	$15,300
R&M Locks & Keys 5440	$991	$762	$677	$872	$596	$1,053	$1,025	$953	$961	$1,095	$1,040	$791	$10,813
R&M Parking Lot 5450	$700	$1,777	$1,519	$712	$542	$371	$1,115	$1,218	$1,278	$1,308	$1,084	$1,405	$13,026
R&M Miscellaneous 5460	$1,216	$1,526	$1,628	$1,148	$1,188	$1,168	$1,679	$4,566	$3,723	$2,308	$1,740	$1,852	$23,740
Unit Turnover/Upgrades 5470	$15,075	$10,098	$4,393	$6,786	$4,957	$2,551	$2,979	$14,089	$9,011	$7,765	$4,086	$6,049	$87,835
Total Repairs & Maintenance	$66,529	$59,506	$53,761	$48,349	$47,560	$45,290	$49,740	$70,391	$65,625	$63,077	$57,276	$64,883	$691,986
Electric (House) 5510	$11,501	$15,088	$13,205	$7,292	$7,961	$8,876	$9,126	$10,854	$11,512	$8,383	$11,294	$12,961	$128,054
Water & Sewer 5520	$13,585	$15,194	$22,732	$40,688	$30,583	$6,910	$16,977	$22,158	$22,814	$23,241	$22,648	$42,149	$279,679
Waste Collection 5530	$5,275	$9,012	$3,184	$3,732	$9,101	$3,215	$7,551	$3,236	$3,794	$5,432	$9,281	$3,279	$66,092
Total Utilities	$30,360	$39,294	$39,120	$51,713	$47,645	$19,001	$33,654	$36,249	$38,120	$37,056	$43,223	$58,388	$473,825
Insurance 5610	—	—	—	—	—	—	$337,489	—	—	—	—	—	$337,489
Uninsured Loss 5620	$7,000	$6,955	$1,870	$75	$32,865	$14,085	$7,350	$3,675	$225	$1,890	$810	—	$76,800
Real Estate & Personal Property Taxes 5630	—	—	$259,941	$173,294	—	—	—	—	—	—	—	—	$433,234
Total Insurance/Taxes	$7,000	$6,955	$261,811	$173,369	$32,865	$14,085	$344,839	$3,675	$225	$1,890	$810	—	$847,524
Management Fees 5710	$14,825	$15,270	$15,647	$15,913	$16,674	$17,086	$17,863	$17,037	$17,237	$17,256	$17,728	$17,550	$200,086
Legal Fees 5720	$1,201	$1,540	$1,213	$996	$1,377	$1,125	$1,381	$903	$805	$979	$741	$620	$12,881
Consulting Fees 5730	$462	$658	$949	$979	$730	$546	$379	$466	$486	$428	$522	$437	$7,043
Miscellaneous Expense 5750	$721	$496	$413	$513	$484	$528	$704	$588	$504	$700	$593	$420	$6,663
Total Management/Professional	$17,209	$17,963	$18,223	$18,401	$19,264	$19,285	$20,327	$18,995	$19,032	$19,362	$19,584	$19,027	$226,673
TOTAL OPERATING EXPENSES	$199,811	$227,787	$448,761	$368,663	$224,272	$178,195	$530,390	$209,550	$230,071	$202,852	$200,556	$222,636	$3,243,546
NET OPERATING INCOME	$294,364	$281,205	$72,818	$161,757	$331,523	$391,344	$65,032	$358,361	$344,508	$372,343	$390,374	$362,353	$3,425,983
INTEREST EXPENSE
Interest Expense 6110	$82,435	$82,287	$82,139	$81,991	$81,842	$81,692	$81,542	$81,391	$81,240	$81,088	$80,936	$80,784	$979,368
Interest on Security Deposits 6120	$180	$189	$193	$197	$204	$211	$217	$207	$212	$208	$216	$209	$2,443
TOTAL INTEREST EXPENSE	$82,615	$82,477	$82,333	$82,188	$82,046	$81,903	$81,759	$81,598	$81,452	$81,297	$81,152	$80,992	$981,811
OTHER EXPENSES
Amortization of Loan Costs 6210	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$26,000
TOTAL OTHER EXPENSES	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$2,167	$26,000
DEPRECIATION
Depreciation 6310	$132,090	$131,662	$131,234	$130,806	$130,378	$129,951	$129,523	$129,095	$128,667	$128,239	$127,811	$127,383	$1,556,839
TOTAL DEPRECIATION	$132,090	$131,662	$131,234	$130,806	$130,378	$129,951	$129,523	$129,095	$128,667	$128,239	$127,811	$127,383	$1,556,839
TOTAL EXPENSES	$416,683	$444,092	$664,495	$583,824	$438,863	$392,215	$743,838	$422,409	$442,356	$414,555	$411,686	$433,179	$5,808,196
NET INCOME	$77,492	$64,900	-$142,915	-$53,404	$116,932	$177,325	-$148,416	$145,501	$132,223	$160,641	$179,244	$151,811	$861,333

Concessions are negative income. NOI is total revenues less total operating expenses; corporate allocation is an accrual-only line. The verify script asserts rental income equals the prorated lease charges, management fees are 3 % of revenue, and every subtotal foots.

Chart of accounts

About sixty accounts condensed from the ~120 non-zero lines a Yardi 12-Month Statement carries, kept in the same tree: leasing income, other income, operating expenses by group (payroll, administrative, marketing, repairs & maintenance, utilities, insurance/taxes, management/professional), then allocations, interest, other expenses and depreciation below NOI. Codes: 4xxx income, 5xxx operating expenses, 6xxx below NOI.