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EXHIBIT 3 <br />Westview House <br />Operating Budget - Detailed <br />4,000 <br />47 <br />8,000 <br />94 <br />8,000 <br />94 <br />26,400 <br />311 <br />Phone / Office Supplies / License / Misc 19,000 <br />224 <br />MANAGEMENTFEE <br />TOTAL MANAGEMENT FEE 61,872 728 <br />UTILITIES <br />Fuel <br />0 <br />0 <br />Gas <br />12,000 <br />141 <br />Electricity <br />28,000 <br />329 <br />Water / Sewer <br />31,000 <br />365 <br />Other Cable / Misc <br />TOTAL000 <br />0 <br />0 <br />835 <br />PAYROLL/PAYROLLTAXES <br />On -site Manager <br />52,000 <br />612 <br />Maintenance Personnel <br />80,200 <br />944 <br />Other Payroll Taxes / Insurance / Workers Comp. <br />46,714 <br />550 <br />Total Payroll / Payroll Taxes <br />178,914 <br />2,105 <br />Total Insurance <br />0 <br />0 <br />• -• -• <br />REPAIRS & MAINTENANCE <br />Painting <br />6,000 <br />71 <br />Repairs <br />20,000 <br />235 <br />Trash Removal <br />20,000 <br />235 <br />Exterminating <br />5,000 <br />59 <br />Grounds <br />12,000 <br />141 <br />Elevator <br />5,000 <br />59 <br />Other Heating & Cooling R&M <br />10,000 <br />118 <br />TOTALiii <br />918 <br />OTHER EXPENSES <br />Insurance - Property <br />45,000 <br />529 <br />Real Estate Taxes <br />22,500 <br />265 <br />Community Facilities District (CFD) <br />0 <br />0 <br />Contract Services <br />0 <br />0 <br />Manager Rent <br />0 <br />0 <br />Agency Debt Service <br />0 <br />0 <br />Operating Reserve <br />0 <br />0 <br />NPLH, MHSA, & OCHFT Monitoring Fees <br />38,229 <br />450 <br />Social Services <br />OTHER <br />82,570 <br />971 <br />TOTALEXPENSES <br />Total Annual Residential Operating Expenses <br />643,485 <br />7,570 <br />Total Number of Units in the Project <br />85 <br />Total Annual Operating Expenses Per Unit <br />7,570 <br />Total 3-Month Operating Reserve <br />343,824 <br />Total Annual Internet Expense (Site Amenity Election) <br />0 <br />0 <br />Total Annual Services Amenities Budget (From Project Expenses) <br />0 <br />0 <br />Total Annual Reserve for Replacement <br />42,500 <br />500 <br />Total Annual Real Estate Taxes <br />i`0 <br />0 <br />TOTAL• <br />City Council 39 — 83 5/17/2022 <br />