One Chesterfield Offering Memorandum 2016

FINANCIAL ANALYSIS

Operating Expenses

Operating Expenses

2014 Actual

PSF

2015 Actual

PSF

2016 Budgeted

PSF

Payroll

$45,683

$0.32

$3,875

$0.03

$0.00

$0.00

Administrative Expenses

$104,109

$0.73

$126,345

$0.88

$69,125

$0.48

Property Taxes

$670,545

$4.67

$589,703

$4.11

$615,784

$4.29

Insurance

$48,529

$0.34

$45,733

$0.32

$35,744

$0.25

Grounds and Landscaping

$116,870

$0.81

$43,203

$0.30

$65,586

$0.46

Janitorial

$162,658

$1.13

$171,122

$1.19

$205,896

$1.44

Repairs & Maintenance

$100,898

$0.70

$118,753

$0.83

$131,271

$0.91

Security & Line Safety

$7,065

$0.05

$9,947

$0.07

$4,694

$0.03

Utilities

$291,184

$2.03

$290,451

$2.02

$322,405

$2.25

$1,547,541

$10.79

$1,399,131

$9.75

$1,450,505

$10.11

Total Operating Expenses

27

One Chesterfield, St. Louis, MO