|                             | Current Period YTD | Prior Period YTD | Net Change
|---------------------------- | ------------------ | ---------------- | ----------
|CURRENT ASSETS:              |                    |                  |           
|BANK 1070193-24              | 36,275.30          | 44,049.67        | (7,774.37)
|TERM DEPOSIT                 | 35,853.35          | 35,772.49        | 80.86     
|ACCOUNTS RECEIVABLE          | (4,477.01)         | (4,477.01)       | 0.00      
|GST ITC                      | 51,509.79          | 51,205.14        | 304.65    
|TOTAL CURRENT ASSETS         | 119,161.43         | 126,550.29       | (7,388.86)
|LAND                         | 1,722,000.00       | 1,722,000.00     | 0.00      
|N.B.V. OF FIXED ASSETS       | 1,722,000.00       | 1,722,000.00     | 0.00      
|TOTAL ASSETS                 | 1,841,161.43       | 1,848,550.29     | (7,388.86)
|LIABILITIES                  |                    |                  |           
|SEC DEP                      | 62,465.71          | 62,465.71        | 0.00      
|GST PAYABLE                  | 169,925.46         | 169,237.94       | 687.52    
|MORTGAGE PAY PRINCIP         | 1,241,519.32       | 1,241,519.32     | 0.00      
|TOTAL LIABILITIES            | 1,473,910.49       | 1,473,222.97     | 687.52    
|OWNERS EQUITY                |                    |                  |           
|RETAINED EARNINGS            | 496,283.19         | 496,283.19       | 0.00      
|PAID TO OWNERS               | (554,490.55)       | (554,490.55)     | 0.00      
|OWNERS CONTRIBUTION          | 385,309.28         | 385,309.28       | 0.00      
|CURRENT YEAR SURPLUS (DEF)   | 40,149.02          | 48,225.40        | (8,076.38)
|TOTAL EQUITY                 | 367,250.94         | 375,327.32       | (8,076.38)
|TOTAL LIABILITIES AND EQUITY | 1,841,161.43       | 1,848,550.29     | (7,388.86)











Budget Comparison to Original Budget



|                          | C   U   R   R   E   N   T         M   O   N   T  H | Y   E   A   R       T  O       D   A   T   E
|------------------------- | -------------------------------------------------- | --------------------------------------------
|                          | Actual                                             | Budget                                      
|RENTAL REVENUE            |                                                    |                                             
|COMMERICAL RENT REV       | 6,164.25                                           | 19,095.00                                   
|TOTAL RENTAL REVENUE      | 6,164.25                                           | 19,095.00                                   
|RECOVERIES                |                                                    |                                             
|OPERATING COST RECOVERIES | 3,657.46                                           | 12,027.00                                   
|TOTAL RECOVERIES          | 3,657.46                                           | 12,027.00                                   
|OTHER REVENUE             |                                                    |                                             
|INTEREST REVENUE          | 190.19                                             | 0.00                                        
|TOTAL OTHER INCOME        | 190.19                                             | 0.00                                        
|TOTAL REVENUE             | 10,011.90                                          | 31,122.00                                   
|EXPENSES (RECOVERABLE)    |                                                    |                                             
|FIRE PREVENTION           | 96.10                                              | 100.00                                      
|HVAC - CONTRACT           | 115.00                                             | 0.00                                        
|JANITORIAL                | 0.00                                               | 800.00                                      
|LANDSCAPING CONTRACT      | 0.00                                               | 0.00                                        
|PREVENTIVE MAINT.         | 0.00                                               | 120.00                                      
|SECURITY                  | 151.20                                             | 120.00                                      
|WASTE REMOVAL             | 120.00                                             | 120.00                                      
|SNOW REMOVAL              | 45.00                                              | 500.00                                      
|DOOR REPAIR/MAINT.        | 0.00                                               | 0.00                                        
|ELECTRICAL REPAIR         | 0.00                                               | 0.00                                        
|EXTERIOR CLEAN\MAINT      | 0.00                                               | 0.00                                        
|HVAC - REPAIR/MAINT       | 0.00                                               | 0.00                                        
|GLASS REPAIR              | 0.00                                               | 0.00                                        
|LANDSCAPING               | 0.00                                               | 0.00                                        
|LIGHTING SUPPLIES         | 0.00                                               | 0.00                                        
|LOCKS & KEYS              | 0.00                                               | 0.00                                        
|LOT MAINTENANCE           | 0.00                                               | 0.00                                        
|MECHANICAL & VENT.        | 0.00                                               | 0.00                                        
|PAINTING & DECOR.         | 0.00                                               | 0.00                                        
|PLUMBING REPAIR           | 0.00                                               | 0.00                                        
|ROOF REPAIRS              | 0.00                                               | 0.00                                        
|IRRIGATION                | 0.00                                               | 0.00                                        
|WINDOW CLEANING           | 0.00                                               | 0.00                                        
|ELECTRICITY UNITS         | 1,312.72                                           | 2,800.00                                    
|WATER & SEWER             | 144.76                                             | 750.00                                      
|NATURAL GAS               | 1,811.87                                           | 3,000.00                                    
|INSURANCE                 | 0.00                                               | 0.00                                        
|MANAGEMENT FEE            | 420.37                                             | 1,240.00                                    
|ADMINISTRATION CHARG      | 49.22                                              | 40.00                                       
|SALARIES MAINTENANCE      | 192.50                                             | 200.00                                      
|PROPERTY TAX              | 2,505.00                                           | 2,571.00                                    
|TELEPHONE - FAX           | 38.54                                              | 0.00                                        

















|                              | C   U   R   R   E   N   T         M   O   N   T  H | Y   E   A   R       T  O       D   A   T   E
|----------------------------- | -------------------------------------------------- | --------------------------------------------
|                              | Actual                                             | Budget                                      
|MAINTENANCE SUPPLIES          | 0.00                                               | 0.00                                        
|JANITORIAL SUPPLIES           | 0.00                                               | 25.00                                       
|TOTAL RECOVERABLE EXPENSES    | 7,002.28                                           | 12,386.00                                   
|EXPENSES (NONRECOVERABLE)     |                                                    |                                             
|BANK SERVICE CHARGE           | 0.00                                               | 15.00                                       
|CAPITAL IMPROVEMENT           | 0.00                                               | 0.00                                        
|MORTGAGE PAYMENT              | 11,086.00                                          | 11,086.00                                   
|PRIOR YEAR EXPENSE            | 0.00                                               | 0.00                                        
|TOTAL NONRECOVERABLE EXPENSES | 11,086.00                                          | 11,101.00                                   
|TOTAL EXPENSES                | 18,088.28                                          | 23,487.00                                   
|PROFIT (LOSS)                 | (8,076.38)                                         | 7,635.00                                    













|                             | Current Period YTD | Prior Period YTD | Net Change
|---------------------------- | ------------------ | ---------------- | ----------
|CURRENT ASSETS:              |                    |                  |           
|BANK 1070193-24              | 37,610.15          | 26,036.09        | 11,574.06 
|ACCOUNTS RECEIVABLE          | (4,477.01)         | (4,477.01)       | 0.00      
|GST ITC                      | 63,082.21          | 62,470.74        | 611.47    
|TOTAL CURRENT ASSETS         | 96,215.35          | 84,029.82        | 12,185.53 
|LAND                         | 1,722,000.00       | 1,722,000.00     | 0.00      
|N.B.V. OF FIXED ASSETS       | 1,722,000.00       | 1,722,000.00     | 0.00      
|TOTAL ASSETS                 | 1,818,215.35       | 1,806,029.82     | 12,185.53 
|LIABILITIES                  |                    |                  |           
|SEC DEP                      | 85,421.92          | 85,421.92        | 0.00      
|GST PAYABLE                  | 185,522.70         | 183,198.42       | 2,324.28  
|MORTGAGE PAY PRINCIP         | 1,241,519.32       | 1,241,519.32     | 0.00      
|TOTAL LIABILITIES            | 1,512,463.94       | 1,510,139.66     | 2,324.28  
|OWNERS EQUITY                |                    |                  |           
|RETAINED EARNINGS            | 536,432.21         | 536,432.21       | 0.00      
|PAID TO OWNERS               | (562,490.55)       | (562,490.55)     | 0.00      
|OWNERS CONTRIBUTION          | 385,309.28         | 385,309.28       | 0.00      
|CURRENT YEAR SURPLUS (DEF)   | (53,499.53)        | (63,360.78)      | 9,861.25  
|TOTAL EQUITY                 | 305,751.41         | 295,890.16       | 9,861.25  
|TOTAL LIABILITIES AND EQUITY | 1,818,215.35       | 1,806,029.82     | 12,185.53 



















|                          | CURRENT MONTH | YEAR TO DATE
|------------------------- | ------------- | ------------
|                          | Actual        | Budget      
|RENTAL REVENUE            |               |             
|COMMERICAL RENT REV       | 22,060.00     | 21,641.00   
|COMMERCIAL VACANCIES      | 0.00          | (7,534.00)  
|RENTAL INCENTIVE          | 0.00          | 0.00        
|TOTAL RENTAL REVENUE      | 22,060.00     | 14,107.00   
|RECOVERIES                |               |             
|OPERATING COST RECOVERIES | 11,144.01     | 7,583.00    
|TOTAL RECOVERIES          | 11,144.01     | 7,583.00    
|OTHER REVENUE             |               |             
|INTEREST REVENUE          | 71.64         | 0.00        
|TOTAL OTHER INCOME        | 71.64         | 0.00        
|TOTAL REVENUE             | 33,275.65     | 21,690.00   
|EXPENSES (RECOVERABLE)    |               |             
|FIRE PREVENTION           | 215.00        | 100.00      
|HVAC - CONTRACT           | 115.00        | 0.00        
|JANITORIAL                | 798.00        | 0.00        
|LANDSCAPING CONTRACT      | 401.00        | 200.00      
|PREVENTIVE MAINT.         | 0.00          | 120.00      
|SECURITY                  | 610.14        | 125.00      
|WASTE REMOVAL             | 120.00        | 120.00      
|SNOW REMOVAL              | 0.00          | 0.00        
|DOOR REPAIR/MAINT.        | 0.00          | 0.00        
|ELECTRICAL REPAIR         | 0.00          | 0.00        
|EXTERIOR CLEAN\MAINT      | 0.00          | 0.00        
|GLASS REPAIR              | 0.00          | 0.00        
|INTERIOR REPAIR           | 0.00          | 0.00        
|LANDSCAPING               | 0.00          | 0.00        
|LIGHTING SUPPLIES         | 119.70        | 0.00        
|LOT MAINTENANCE           | 0.00          | 0.00        
|MECHANICAL & VENT.        | 0.00          | 0.00        
|PLUMBING REPAIR           | 0.00          | 150.00      
|ROOF REPAIRS              | 0.00          | 0.00        
|IRRIGATION                | 1,424.55      | 0.00        
|WINDOW CLEANING           | 0.00          | 0.00        
|ELECTRICITY UNITS         | 2,291.44      | 3,325.00    
|WATER & SEWER             | 219.86        | 750.00      
|NATURAL GAS               | 651.50        | 770.00      
|INSURANCE                 | 0.00          | 0.00        
|MANAGEMENT FEE            | 1,421.13      | 1,240.00    
|ADMINISTRATION CHARG      | 72.00         | 40.00       
|SALARIES MAINTENANCE      | 175.00        | 200.00      
|PROPERTY TAX              | 3,619.00      | 2,555.00    
|TELEPHONE - FAX           | 75.08         | 0.00        



















|                              | CURRENT MONTH | YEAR TO DATE
|----------------------------- | ------------- | ------------
|                              | Actual        | Budget      
|JANITORIAL SUPPLIES           | 0.00          | 0.00        
|TOTAL RECOVERABLE EXPENSES    | 12,328.40     | 9,695.00    
|EXPENSES (NONRECOVERABLE)     |               |             
|BANK SERVICE CHARGE           | 0.00          | 15.00       
|CAPITAL IMPROVEMENT           | 0.00          | 0.00        
|LEASING COMMISSION            | 0.00          | 0.00        
|LEASING EXPENCE               | 0.00          | 0.00        
|MORTGAGE PAYMENT              | 11,086.00     | 11,086.00   
|MISCELLANEOUS EXPEN.          | 0.00          | 0.00        
|PRIOR YEAR EXPENSE            | 0.00          | 0.00        
|TOTAL NONRECOVERABLE EXPENSES | 11,086.00     | 11,101.00   
|TOTAL EXPENSES                | 23,414.40     | 20,796.00   
|PROFIT (LOSS)                 | 9,861.25      | 894.00