Operating Expenses
Code the replacement of HVAC unit that is $4,893.09. Client reimburses through CAM.
HVAC Repair 42150-000
No, there are recurring capital projects that would negatively affect AFFO.
Scope: Replaced fence around shopping center.
Cost: $17,325.27
Coded to: 47400-000 Non-Recoverable Fence R&M
Reclass to General Improvements - Additions
Depreciation of an HVAC Repair?
None, it is a repair and therefore has no depreciation.
Why do we want to capitalize projects instead of performing a repair?
repair and maintenance projects negatively affect AFFO
The GL code for a casualty project if there is no open insurance claim.
12050-007 Casualty Pending Reimbursement
Scope: Retrofit LED
Cost: 9,988.12
Coded to: Outdoor Lights - Additions
Reclass to LED Lighting - Additions 18004-106
The depreciation of concrete.
What is 20 years?
The code used for projects related to insurance claims.
What is Casualty Expenditures 12050-007?
A recurring parking lot improvement that impacts AFFO.
What is Parking Lot Seal/Stripe - 18003-001?
Scope: Repaired HVAC unit #2
Cost: $3,109.22
Reimbursement: Upon Receipt
Coded to: 42150-000 HVAC Repairs
Reclass to DPT 40320-000
A reduction in the value of an asset with the passage of time.
The code used when we are sending the invoice directly to our Client.
What is Direct Pass Thru - 40320-000?
The only class of GL codes that can either be recoverable or non-recoverable?
What are Capital Codes?
Scope: Replaced drain pipe
Cost: $40,992.15
Reimbursement: Through CAM
Coded to: Direct Pass Thru 40320-000
Reclass to 18004-116 Drainage Pipe Replacement
Who creates the depreciation schedules for each code?
SOX
Type of code used when client reimburses through CAM
Recoverable
What is the difference between Non-Recurring and Recurring capital? What is an example of recurring capital?
Recurring capital negatively affects AFFO. Paint/seal and stripe, minor roof component replacements.
Scope: Replaced fasteners and coping metal on roof
Cost: $16,092.33
Coded to: Roof - Major Components - Additions 18004-121
Do nothing. It is correct.
The depreciation of a TPO roof.
What is 20 years?