Our Place Christian Church APRIL FORECAST

Property Management
Cash Flow Forecast
January to December 2010
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total

Opening Balance (7,294) (8,166) (4,474) (9,106) (9,106) (9,106) (9,106) (9,106) (9,106) (9,106) (9,106) (9,106) (7,294)

Rent Receipts 13,645 14,970 11,745 40,361

OPCC 6,500 5,000 19,075 30,575
Bank Interest 0 0 0 0

Total cash available 20,145 19,970 30,821 - - - - - - - - - 63,642

Operating Expenses 13,368 6,096 16,462 35,927

CDF monthly draws 7,898 10,182 18,991 37,072

Other credits/(charges) (250) (250)

Total cash outlay 21,017 16,278 35,454 - - - - - - - - - 72,749

Ending forecast (8,166) (4,474) (9,106) (9,106) (9,106) (9,106) (9,106) (9,106) (9,106) (9,106) (9,106) (9,106) (9,106)
Actual ending cash
balance (8,166) (4,474) (9,106) -

Originally forecasted
ending cash balance N/A (8,000) (7,500) (9,000) (8,500) (8,000) (7,500) (7,000) (6,500) (6,000) (5,500) (5,000) (5,000)

Variance positive /
(negative) N/A 3,527 (1,606) 9,000 8,500 8,000 7,500 7,000 6,500 6,000 5,500 5,000 5,000

Note: The original forecasted ending cash balance for March is ($7,500). We actually ended March at ($9,106). The negative variance of ($1,606)
offsets the prior month's $3,527 positive variance to end the 1st Quarter of the year with a positive cash flow variance to forecast of $1,921.

Year-to-date Net Income for the property stands at $3,801, which is $2, 072 more favorable to budget.

Forecast Outlook 4/28/2010 - InputFile.xlsx

 Our Place Christian Church
Property Management
Income Statement

MARCH 2010
Current Month Year to Date
2010
Operating Income Budget Budget Actual Variance Budget Actual Variance
Base rent 346,971 35,412 32,745 (2,667) 88,636 87,211 (1,425)

Total Operating Income 346,971 35,412 32,745 (2,667) 88,636 87,211 (1,425)

Operating Expenses
Electricity 27,659.00 1,920 2,283 (363) 6,143 6,899 (756)
Elevator Maintenance 2,155.92 - 0 (0) 454 510 (55)
Gas 5,605.00 652 471 181 2,822 1,935 887
Fire Protection 1,440.84 120 241 (121) 360 453 (93)
HVAC - Maintenance 4,904.64 - 1,919 (1,919) 1,226 1,919 (693)
HVAC - Repairs 4,117.36 - 404 (404) 874 404 469
Janitorial Expense 27,955.20 2,688 2,150 538 6,989 6,451 538
Janitorial Supplies 2,400.00 200 - 200 600 1,177 (577)
Keys & Locks 150.00 - - - - - -
Building Maintenance 27,699.92 1,892 2,286 (395) 6,675 7,523 (848)
Professional Fees 15,000.00 1,000 1,000 - 3,000 3,000 -
Miscellaneous 320.00 100 - 100 100 - 100
Roof Repairs 800.00 - - - - 935 (935)
Trash Removal 2,676.00 223 514 (291) 669 772 (103)
Water/Sewage 10,800.00 1,800 4,458 (2,658) 3,600 4,355 (755)
Total Operating
Expenses 133,684 10,595 15,727 (5,132) 33,512 36,334 (2,822)

Operating Income 213,287 24,817 17,019 (7,798) 55,124 50,877 (4,246)

Other (Income) & Expenses

Bank Interest Income (0) (0.05) (0.14) 0.09 (0.11) (0.28) 0.17
Insurance 10,152 846 1,244 (398) 2,538 1,648 890.01
Mortgage P & I 212,500 17,000 18,991 (1,991) 42,500 37,072 5,428.45
Property Taxes 16,714 2,786 2,786 - 8,357 8,357 -
Total Other (Income) &
Expenses 239,365 20,632 23,021 (2,389) 53,395 47,076 6,319

Net Income (26,078) 4,186 (6,002) (10,188) 1,729 3,801 2,072

 Our Place Christian Church
Property Management
Balance Sheet
March - 2010

Assets
Current Assets
Cash Operating Account 6,177.57 6,177.57
Accounts Receivable - Leases 58,661.56
Accounts Receivable - Tenant Imp. 3,000.00 61,661.56

Total Assets 67,839.13

Liabilities and Retained Earnings

Liabilities
Current Liabilities
Accounts Payable - Trade 17,181.82
Loan Payable - CDF 19,763.30 36,945.12
Other Liabilities
Security Deposits 10,800.00 10,800.00
Long-Term Liabilities
Notes Payable - CDF Holdings 4,848,906.25 4,848,906.25
Retained Earnings
Retained Earnings 333,423.55
Current YTD Earnings/(Loss) 9,803.25
Distribution to/(from) Owner (5,175,039.04) (4,831,812.24)

Total Liabilities & Retained Earnings 64,839.13

 Our Place Christian Church
Property Management
Cash Flow Statement
March - 2010

Current Prior Month

Month Balance
OPERATING ACTIVITIES
Net Income/(Loss) (6,002.01) 10,766.56
Uses of Cash:
Increase in receivables (24,000.00) (8,800.00)
Increase in Payables
Increase in prepaids
Sources of cash:
Decrease in payables 9,821.19 (22,017.09)
Decrease in receivables
Increase in payables 19,075.00
Increase in security deposits (1,600.00)
Cash used in operations (1,105.82) (21,650.53)

FINANCING ACTIVITIES
Cash (to) / from owners 2,752.00 24,960.96
Debt service payments
Cash used for financing activities 2,752.00 24,960.96

CHANGE IN NET CASH 1,646.18 3,310.43

Opening cash balance 6,177.57 2,867.14

CLOSING CASH BALANCE 7,823.75 6,177.57

 Our Place Christian Church
Property Management
Trial Balance

MARCH 2010 MTD YTD

Account Description Bud Act Var Bud Act Var
Cash - Operating Account - 2,352.42 (2,352.42) - 8,529.99 (8,529.99)
Accounts Receivable - Leases - 22,100.00 (22,100.00) - 80,761.56 (80,761.56)
Accounts Receivable - Tenant Improvements - 3,000.00 (3,000.00) - 3,000.00 (3,000.00)
CDF Loan - Current Portion - (19,075.00) 19,075.00 - (38,838.30) 38,838.30
Security Deposits - Current Portion - - - - (10,800.00) 10,800.00
Accounts Payable - Property Management - (11,627.43) 11,627.43 - (28,809.25) 28,809.25
CDF Loan - Long-Term Portion - - - - (4,848,906.25) 4,848,906.25
Retained Earnings - Property Management - (2,752.00) 2,752.00 - (336,175.55) 336,175.55
Distribution to / (from) Owners - - - - 5,175,039.04 (5,175,039.04)
Income - Building Leases (Base Rents) (35,412.00) (32,745.42) (2,666.58) (88,636.00) (87,211.26) (1,424.74)
Bank Interest (0.05) (0.14) 0.09 (0.11) (0.28) 0.17
Electricity 1,920.00 2,282.73 (362.73) 6,143.00 6,899.08 (756.08)
Elevator Maintenance - 0.03 (0.03) 454.48 509.68 (55.20)
Gas 652.00 470.87 181.13 2,822.00 1,935.31 886.69
Fire Protection 120.07 240.58 (120.51) 360.21 453.49 (93.28)
HVAC - Maintenance - 1,919.40 (1,919.40) 1,226.16 1,919.40 (693.24)
HVAC - Repairs - 404.19 (404.19) 873.60 404.19 469.41
Insurance 846.00 1,244.33 (398.33) 2,538.00 1,647.99 890.01
Janitorial Expense 2,688.00 2,150.40 537.60 6,988.80 6,451.20 537.60
Janitorial Supplies 200.00 - 200.00 600.00 1,176.81 (576.81)
Keys & Locks - - - - - -
Building Maintenance 1,891.66 2,286.22 (394.56) 6,674.98 7,523.04 (848.06)
Professional Fees 1,000.00 1,000.00 - 3,000.00 3,000.00 -
Miscellaneous 100.00 - 100.00 100.00 - 100.00
Roof Repairs - - - - 935.00 (935.00)
Trash Removal 223.00 514.20 (291.20) 669.00 771.60 (102.60)
Water/Sewage 1,800.00 4,457.93 (2,657.93) 3,600.00 4,355.13 (755.13)
Mortgage Interest Expense 17,000.00 18,991.08 (1,991.08) 42,500.00 37,071.55 5,428.45
Property Taxes 2,785.61 2,785.61 - 8,356.83 8,356.83 -
TOTALS (4,185.71) 0.00 (4,185.71) (1,729.05) 0.00 (1,729.05)
0.00

P&L (1,729.05) (3,801.24) 2,072.19

 Our Place Christian Church MARCH
Property Management
Rent Roll
Rented Lease Term Contract Current Amount Past Due Rents Aging * Rent Per
Space # Sq. Ft. Tenant Start End Term Rent Collected Due 31 - 60 61 - 90 Past 91 Sq. Ft.
100 14,054 Our Place Church 8/1/2002 Active Annual 21,000 - 21,000 14,000 10,000 34,662 $ -
108 1,484 Learning Matters 3/1/2009 8/31/2010 Annual 2,815 2,815 - $ 1.90
201 168 Vacant
400 1,441 Back to Basics Chiropractic 9/1/2009 8/31/2014 5 Years 2,183 2,183 - $ 1.52
1300 2,028 Lifestyle Motor Company, Inc. 11/1/2009 1/31/2011 1.1/4 Yrs 1,200 1,200 - $ 0.59
1400 3,430 Top Notch 4/1/2009 3/31/2010 Ended 1,397 1,397 - $ 0.41
1500 3,780 Top Notch 4/1/2009 3/31/2010 Ended - - - $ -
1600 4,928 D' Angelo Auto Sales 7/16/2008 7/31/2010 2 Years 2,750 2,750 - $ 0.56
107A 168 Vacant - $ -
107B 120 Vacant - $ -
107C 192 Graetz Group - Active MTM 300 300 - $ 1.56
107D 120 Vacant
107E 130 Bailey & Anderson 2/1/2009 Active MTM - $ -
107F 422 Vacant -
107G 192 Tag Quest - Active - 400 400 $ -
107H 192 Tag Quest - Active - 350 350 $ -
107I 120 Vacant - $ -
Extra 120 Tag Quest - Active - 350 350 $ -
107J 130 Vacant - $ -
201G 120 Vacant
201H 120 Vacant
201I 120 Vacant
300 2,541 Divorce Services Non-Tenant Usage N/A

Totals 36,120 $ 32,745 $ 10,645 $ 22,100 $ 14,000 $ 10,000 $ 34,662

Total Rent Due $ 80,762

7,207

Usage Recap: Economic Recap:

96% 34,512 Occupied 28,061 78%
4% 1,608 Vacant 8,059 22%
100% 36,120 36,120 100%

4597

48%
* - Includes current amounts due. 52%

MGfsc/rropcc/12 Page 1 of 1 4/28/2010 - RR-Mar