Form Tc208 - Income And Expense Schedule For A Hotel - 2008 Page 2
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1
2BOROUGH
BLOCK
LOT
5. INCOME
PRIOR YEAR
REPORTING YEAR
a.
A. Departmental income – a. Rooms
b.
b. Food and beverage
c.
c. Telephone
d.
d. Conferences and exhibits
e.
e. Parking
f.
f. Other departments:
Total departmental income
B. Income from rental tenants (except related tenants)
Total operating income (5A + 5B)
a.
C. Other income: a.
b.
b.
c.
c.
TOTAL INCOME (5A + 5B + 5C)
6. EXPENSES
a.
A. Departmental expenses – a. Rooms
b.
b. Food and beverage
c.
c. Telephone
d.
d. Other departments:
Total departmental expenses (6A a-d)
B. Undistributed operating expenses
a.
a. Administrative and general
b.
b. Marketing
c.
c. Management fee
d.
d. Franchise fee
e.
e. Energy
f.
f. Property maintenance
g.
g. Insurance
h.
h. Other operating expenses:
Total undistributed operating expenses (6B a-h)
Total operating expenses (6A + 6B)
C. Financial and other expenses:
Real estate rent expense
Real estate taxes
TOTAL EXPENSES (6A + 6B + 6C)
7. RECAPITULATION
Net departmental income (5A - 6A)
Net operating income (5A + 5B - 6A - 6B)
Net income (5A + 5B + 5C - 6A - 6B - 6C)
8. FURNITURE, FIXTURES AND EQUIPMENT USED IN HOTEL OPERATIONS
Is there a reserve for FF & E? _______
Contribution to reserve in reporting year
$______________
Cost of items purchased in reporting year $ __________
Book cost of all FF & E at year end
$______________
Depreciation of FF & E for reporting year $ __________
Book cost, less accumulated depreciation $______________
9. LAND OR BUILDING LEASE INFORMATION AS OF JANUARY 5, 2008
Does the operator or a related person pay rent pursuant to an arms-length lease of the entire tax lot (or lots)? ______. If yes, complete this part.
LESSOR
IF NOT OWNER OF RECORD, DESCRIBE RELATION TO PROPERTY
LESSEE
IF NOT APPLICANT, DESCRIBE RELATION TO APPLICANT
Term of lease: from _______/_______ to _______/_______
Annual rent $ ____________________________________
Start date of annual rent stated: ______/______.
End date of annual rent stated ______/______.
End date of lease option: ______/______.
Does lessor pay any of the operating expenses or real estate taxes? ______. If yes, specify:_________________________________________
Does the rent vary with the income from the hotel operation? ______. If yes, specify: _______________________________________________
Is the lease a ground lease? ______.
Page 2
TC208
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Parent category: Financial