Printed: 08/24/06

OPERATING STATEMENT

Page 1

August 2006

Selected Properties - Consolidated by Property

Castle Keepers Properties

Current Month

Year To Date

___________________

___________________

Income

4000

Rent/Lease Income

6,825.00

53,968.34

4030

Tenant Leasing Fee

0.00

(300.00)

4090

Laundry Income

0.00

601.50

_____________

_____________

TOTAL INCOME

$6,825.00

$54,269.84

_____________

_____________

Expenses

5010

Management Fees

593.88

4,759.91

5200

Maintenance & Repair

807.74

5,134.05

5220

Gardening & Grounds Maint.

80.00

640.00

5230

Cleaning

105.00

290.00

5250

Plumbing

0.00

379.25

5300

Electricity

107.48

843.12

5310

Water & Sanitation

0.00

1,967.22

5330

Natural Gas

29.03

678.29

5500

Real Estate Taxes

0.00

1,298.20

5510

Fees, Permits & Licenses

0.00

57.00

5520

Insurance

0.00

1,299.50

_____________

_____________

TOTAL EXPENSES

$1,723.13

$17,346.54

_____________

_____________

NET OPERATING INCOME

$5,101.87

$36,923.30

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Other Expenses

9000

First Mortgage Payment

1,183.08

21,312.28

_____________

_____________

TOTAL OTHER EXPENSES

$1,183.08

$21,312.28

_____________

_____________

_____________

_____________

NET INCOME (LOSS)

$3,918.79

$15,611.02

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