Financial Statement

Sawgrass Station · 1050 · 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	$347,395	$356,665	$379,755	$394,418	$392,109	$389,055	$395,584	$397,414	$393,317	$395,754	$383,129	$381,975	$4,606,570
Concessions 4020	-$2,183	-$2,343	-$2,624	-$2,846	-$2,689	-$2,791	-$2,779	-$3,171	-$3,000	-$3,166	-$2,818	-$2,665	-$33,075
TOTAL LEASING INCOME	$345,212	$354,322	$377,131	$391,573	$389,420	$386,264	$392,805	$394,243	$390,317	$392,588	$380,311	$379,309	$4,573,495
OTHER INCOME
Pet Rent 4110	$535	$535	$558	$610	$610	$505	$455	$410	$340	$340	$270	$326	$5,494
Application Fees 4120	$1,178	$1,890	$1,868	$1,133	$540	$713	$735	$585	$443	$855	$960	$660	$11,558
Administrative Fees 4130	$2,250	$3,500	$3,250	$1,750	$1,000	$1,250	$1,500	$1,500	$750	$2,000	$1,500	$1,500	$21,750
Late Charges 4140	$672	$663	$757	$829	$820	$922	$510	$931	$425	$752	$837	$837	$8,955
Returned Check Fees 4150	$70	—	$105	$35	—	$70	$70	$70	$35	$105	$105	$35	$700
Month-to-Month Fees 4160	$255	$765	$519	$255	$90	—	—	—	—	—	—	—	$1,884
Insufficient Notice Penalties 4170	—	—	—	—	—	—	—	—	—	—	$425	—	$425
Deposit Forfeitures 4180	$839	$362	$335	$553	$713	$461	$359	$755	$263	$1,184	$583	$952	$7,360
Damages 4190	$1,280	$134	$709	$910	$745	$914	$753	$616	$219	$1,180	$444	$689	$8,593
Cleaning Charges 4200	$480	$180	$360	$360	$360	$300	$240	$420	$120	$600	$420	$420	$4,260
Cable/Internet Income 4210	$6,775	$7,357	$7,649	$7,978	$7,552	$7,763	$7,674	$7,588	$7,471	$8,073	$7,579	$7,345	$90,806
Miscellaneous Income 4290	$576	$835	$740	$889	$661	$816	$761	$506	$668	$585	$617	$506	$8,160
TOTAL OTHER INCOME	$14,910	$16,220	$16,848	$15,302	$13,091	$13,714	$13,056	$13,381	$10,734	$15,675	$13,741	$13,272	$169,944
TOTAL REVENUES	$360,122	$370,543	$393,979	$406,875	$402,511	$399,978	$405,861	$407,624	$401,051	$408,263	$394,052	$392,581	$4,743,439
OPERATING EXPENSES
Salaries Office 5010	$22,658	$31,604	$21,442	$22,854	$22,920	$22,985	$23,051	$23,118	$34,776	$23,251	$23,317	$23,384	$295,361
Salaries Maintenance 5020	$14,311	$21,527	$14,393	$14,434	$14,476	$14,517	$14,559	$14,601	$21,964	$14,685	$14,727	$14,769	$188,961
Overtime 5030	$754	$1,449	$1,919	$804	$1,151	$1,790	$2,197	$1,364	$2,387	$1,216	$1,348	$1,482	$17,860
Vacation/Holiday/Sick 5040	$1,306	$1,822	$1,186	$1,245	$1,213	$1,574	$1,277	$1,481	$2,356	$1,084	$1,249	$1,630	$17,422
Payroll Taxes & Benefits 5050	$8,299	$12,008	$8,306	$8,380	$8,480	$8,644	$8,758	$8,598	$13,008	$8,613	$8,666	$8,720	$110,480
Uniforms 5060	—	$372	$164	—	$454	$142	—	$172	$219	—	$201	$230	$1,954
Employee Relations 5070	—	$747	$660	$554	$307	$645	$596	$268	$367	$711	$388	$518	$5,761
Total Payroll	$47,328	$69,529	$48,070	$48,271	$49,000	$50,299	$50,438	$49,602	$75,076	$49,559	$49,896	$50,732	$637,799
Office Supplies 5110	$569	$546	$449	$544	$654	$510	$336	$521	$874	$488	$384	$461	$6,336
Computer/Software 5120	$1,902	$1,804	$1,931	$2,016	$1,693	$1,953	$1,937	$1,851	$1,976	$2,123	$1,992	$1,875	$23,054
Telephone 5130	$748	$731	$706	$682	$786	$728	$614	$642	$884	$803	$772	$711	$8,808
Internet 5140	$382	$621	$631	$476	$440	$341	$300	$307	$416	$515	$559	$523	$5,512
Dues & Subscriptions 5150	$266	$238	$216	$67	$229	$367	$286	$262	$233	$400	$324	$244	$3,131
Licenses/Permits/Fees 5160	$715	$776	$837	$1,006	$870	$597	$914	$870	$1,042	$624	$582	$890	$9,723
Training 5170	$202	$55	$81	$322	$311	$221	$393	$143	$95	$134	$40	$221	$2,217
Business Cards/Forms 5180	$32	—	$36	$15	$58	$25	$75	$188	$111	$83	$28	$43	$694
Total Administrative	$4,815	$4,771	$4,887	$5,129	$5,041	$4,742	$4,856	$4,784	$5,631	$5,171	$4,681	$4,968	$59,476
Advertising 5210	$10,162	$10,812	$9,482	$11,232	$13,074	$14,694	$15,597	$15,015	$13,188	$12,897	$13,341	$11,099	$150,591
Print Advertising 5220	$691	$911	$578	$931	$349	—	$360	$826	$288	$458	$531	$570	$6,492
Model Expenses 5230	$661	$181	$497	$682	$1,121	$930	$548	$1,478	$1,258	$1,626	$1,987	$1,430	$12,399
Tenant Relations 5240	$1,530	$1,494	$1,815	$2,358	$3,101	$2,493	$2,925	$3,080	$2,856	$2,237	$1,809	$2,419	$28,118
Total Marketing	$13,044	$13,397	$12,372	$15,203	$17,645	$18,118	$19,430	$20,398	$17,590	$17,218	$17,667	$15,518	$197,600
R&M Supplies 5310	$1,741	$1,739	$2,123	$2,023	$1,843	$2,055	$1,809	$2,132	$2,042	$1,820	$1,846	$1,952	$23,126
R&M Air Conditioning 5320	$3,957	$2,516	$2,194	$1,403	$581	$758	$971	$1,783	$2,869	$4,671	$4,077	$3,099	$28,875
R&M Electrical 5330	$829	$469	$893	$623	$829	$1,150	$1,515	$795	$686	$1,061	$734	$615	$10,196
R&M Plumbing 5340	$1,021	$909	$884	$1,156	$1,018	$1,005	$1,948	$1,366	$1,661	$1,437	$1,221	$1,568	$15,192
R&M Appliances 5350	$796	$679	$827	$597	$625	$828	$1,057	$836	$567	$876	$762	$1,146	$9,592
R&M Painting 5360	$757	$696	$557	$760	$1,510	$1,325	$2,821	$1,939	$806	$185	$1,218	$1,250	$13,821
R&M Floors 5370	$371	$1,237	$2,321	$2,330	$997	$1,497	$1,129	$1,300	$1,825	$3,583	$1,830	$945	$19,361
R&M Doors 5380	$216	$389	$263	$230	$254	$247	$292	$283	$255	$267	$236	$267	$3,198
R&M Grounds 5390	$4,232	$4,449	$3,297	$2,290	$2,069	$2,105	$3,482	$2,781	$3,788	$3,762	$3,346	$4,478	$40,076
R&M Pool 5400	$1,063	$604	$403	$441	$785	$629	$458	$489	$930	$1,117	$1,285	$1,870	$10,072
R&M Pest Control 5410	$458	$407	$546	$1,027	$797	$855	$518	$806	$902	$729	$504	$287	$7,833
R&M Cleaning 5420	$972	$872	$972	$850	$1,523	$1,479	$1,303	$1,386	$1,324	$1,207	$892	$1,460	$14,236
R&M Fire Systems 5430	$691	$394	$344	$691	$431	$684	$326	$414	$232	$29	$452	$320	$5,005
R&M Locks & Keys 5440	$342	$358	$172	$125	$506	$375	$145	$198	$181	$197	$292	$329	$3,218
R&M Parking Lot 5450	$270	$319	$137	—	$273	$117	—	—	$333	$570	$376	$83	$2,475
R&M Miscellaneous 5460	$415	$213	$309	$318	$365	$458	$1,196	$1,248	$699	$608	$272	$250	$6,350
Unit Turnover/Upgrades 5470	$17,175	$9,752	$4,891	$4,725	$7,818	$7,791	$4,634	$6,901	$7,047	$4,835	$12,431	$7,223	$95,219
Total Repairs & Maintenance	$35,302	$26,000	$21,130	$19,585	$22,220	$23,354	$23,600	$24,654	$26,141	$26,950	$31,770	$27,136	$307,841
Electric (House) 5510	$7,101	$6,844	$6,099	$5,002	$5,197	$4,983	$4,229	$5,624	$5,111	$4,060	$6,053	$10,033	$70,337
Water & Sewer 5520	$7,002	$8,565	$12,539	$12,786	$11,985	$11,040	$20,387	$16,121	$3,759	$8,022	$12,447	$12,776	$137,429
Waste Collection 5530	$2,767	$2,776	$4,742	$3,639	$842	$1,970	$2,821	$2,831	$4,836	$1,708	$4,012	$1,720	$34,664
Total Utilities	$16,870	$18,184	$23,381	$21,428	$18,024	$17,993	$27,437	$24,576	$13,706	$13,790	$22,513	$24,528	$242,430
Insurance 5610	—	—	—	—	—	—	$213,249	—	—	—	—	—	$213,249
Uninsured Loss 5620	—	—	—	—	—	—	—	$2,205	$945	—	$3,920	$1,680	$8,750
Real Estate & Personal Property Taxes 5630	—	—	$233,280	$155,520	—	—	—	—	—	—	—	—	$388,800
Total Insurance/Taxes	—	—	$233,280	$155,520	—	—	$213,249	$2,205	$945	—	$3,920	$1,680	$610,799
Management Fees 5710	$10,804	$11,116	$11,819	$12,206	$12,075	$11,999	$12,176	$12,229	$12,032	$12,248	$11,822	$11,777	$142,303
Legal Fees 5720	$542	$537	$690	$665	$514	$326	$397	$447	$528	$490	$909	$801	$6,846
Consulting Fees 5730	$458	$426	$439	$488	$398	$438	$439	$405	$261	$414	$357	$430	$4,953
Miscellaneous Expense 5750	$300	$472	$621	$380	$219	$308	$438	$338	$330	$363	$391	$339	$4,498
Total Management/Professional	$12,103	$12,551	$13,570	$13,740	$13,206	$13,072	$13,450	$13,419	$13,150	$13,514	$13,479	$13,347	$158,600
TOTAL OPERATING EXPENSES	$129,462	$144,432	$356,689	$278,875	$125,135	$127,578	$352,460	$139,637	$152,239	$126,204	$143,925	$137,910	$2,214,545
NET OPERATING INCOME	$230,660	$226,111	$37,290	$128,000	$277,376	$272,400	$53,401	$267,987	$248,811	$282,059	$250,127	$254,671	$2,528,893
INTEREST EXPENSE
Interest Expense 6110	$140,172	$140,022	$139,872	$139,720	$139,568	$139,415	$139,261	$139,106	$138,951	$138,795	$138,638	$138,480	$1,672,000
Interest on Security Deposits 6120	$124	$129	$137	$139	$137	$137	$138	$140	$137	$140	$135	$134	$1,627
TOTAL INTEREST EXPENSE	$140,296	$140,152	$140,009	$139,859	$139,705	$139,551	$139,399	$139,246	$139,088	$138,935	$138,773	$138,614	$1,673,627
OTHER EXPENSES
Amortization of Loan Costs 6210	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$40,000
TOTAL OTHER EXPENSES	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$3,333	$40,000
DEPRECIATION
Depreciation 6310	$137,410	$136,960	$136,510	$136,060	$135,610	$135,160	$134,711	$134,261	$133,811	$133,361	$132,911	$132,462	$1,619,227
TOTAL DEPRECIATION	$137,410	$136,960	$136,510	$136,060	$135,610	$135,160	$134,711	$134,261	$133,811	$133,361	$132,911	$132,462	$1,619,227
TOTAL EXPENSES	$410,501	$424,877	$636,541	$558,128	$403,784	$405,623	$629,903	$416,477	$428,471	$401,833	$418,943	$412,318	$5,547,399
NET INCOME	-$50,379	-$54,334	-$242,562	-$151,253	-$1,272	-$5,645	-$224,042	-$8,853	-$27,421	$6,430	-$24,890	-$19,737	-$803,960

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.