Budget – Sept 2007 to Aug 2008

Expenses

Insurance: $1200
Mort/taxes: $17050 (1420.79/month)
Repairs: $1000
Renovation materials: $1500
Phone: $309 ($25.75/month)
Internet: $456

Total: $21515

— divide by 12 months = $1793

Add $700 subsidy/donation amount
Add $238 house fund (7 x $34)

Total expenses = $2731 per month

Income

Monthly rents and house fund.
($34 is house fund and $10 is for being on time and paying by cheque)

3rd front $366 + $34 – $10 = $390
3rd back $366 + $34 – $10 = $390
2nd front $401 + $34 – $10 = $425
2nd mid $356 + $34 – $10 = $380
2nd back $416 + $34 – $10 = $440
1st mid $346 + $34 – $10 = $370
basement $311 + $34 – $10 = $335

Total income = $2730

Utilities

This is a separate part of the monthly amount.
$35/month May–Oct
$60/month Nov–Apr

Based on typical costs last year plus about $5 extra. A rebate will be issued as the bills come in if they are about the same or less than previously. We may have to make a small adjustment at the end of the year once all the bills are in.

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