bmullen bmullen@arcturusrealty.com 23042 4 10 M 2010-04-30 139491 MTS Allstream -1050 23042 4 10 M 2010-04-30 139498 Bradda Printing -262.5 23042 4 10 M 2010-04-30 139504 Gillespie 34362.92 23042 4 10 M 2010-04-30 139510 Execo 731.36 23042 4 10 M 2010-04-30 139511 Services Vinci Park (Canada) Inc. -97.18 23042 4 10 M 2010-04-30 139538 Caron & Prof. 10643.4 23042 4 10 M 2010-04-30 139555 Elemental Data -358.71 23042 4 10 M 2010-04-30 139557 Ontario Energy 198.14 23042 4 10 M 2010-04-30 139559 Canadian Defence 193.2 23042 4 10 M 2010-04-30 145761 S.I. Systems Ltd. 379.57 23042 4 10 M 2010-04-30 Current 682.92 23042 4 10 M 2010-04-30 31 - 60 0 23042 4 10 M 2010-04-30 61 - 90 -1050 23042 4 10 M 2010-04-30 90+ 45107.28 23042 4 10 M 2010-04-30 Total 44740.2 23042 4 10 M 2010 2010-04-30 4 15537 134793 11.5266 23042 4 10 M 2011 2010-04-30 1 525 134793 0.3895 23042 4 10 M 2012 2010-04-30 4 4171 134793 3.0944 23042 4 10 M 2013 2010-04-30 11 24461 134793 18.1471 23042 4 10 M 2014 2010-04-30 2 5998 134793 4.4498 23042 4 10 M 2015+ 2010-04-30 19 82022 134793 60.8503 23042 4 10 M Total 2010-04-30 41 132714 134793 98.4576 23042 4 10 M TOTAL INCOME_1 1 1224968.86 1221111.14 3857.72 0.3159 0 0 0 0 0 0 0 0 0 Positive Variance 23042 4 10 M Recoverable Costs_2 1 319429.84 351226.46 31796.62 9.053 0 0 0 0 0 0 0 0 0 Positive Variance 23042 4 10 M Realty Taxes_3 1 141240 141241.76 1.76 0.0012 0 0 0 0 0 0 0 0 0 Positive Variance 23042 4 10 M Non-Recoverable Costs_4 1 851881.12 862560.38 10679.26 1.2381 0 0 0 0 0 0 0 0 0 Positive Variance 23042 4 10 M (NOI) Net Operating Income_5 1 764299.02 728642.92 35656.1 4.8935 0 0 0 0 0 0 0 0 0 Positive Variance 1 23042 4 10 M Change In Cash - Net Income_6 1 -87582.1 -133917.46 46335.36 34.5999 0 0 0 0 0 0 0 0 0 Positive Variance 23042 4 10 M Tax Recovery Ratio_7 2 0 0 0 0 Recoveries 371537.56 362213.28 9324.28 Expenses 319429.84 351226.46 -31796.62 Recovery Ratio 116.3127 103.1281 13.1846 Positive Variance 23042 4 10 M Operating Recovery Ratio_8 2 0 0 0 0 Recoveries 119846.24 116576.6 3269.64 Expenses 141240 141241.76 -1.76 Recovery Ratio 84.8529 82.5369 2.316 Positive Variance 23042 4 10 M 2010-04-01 L Leased 132714 98.4576 41 23042 4 10 M 2010-04-01 V Vacant 2079 1.5424 1 23042 4 10 M 2010-04-01 T Total 134793 100 42 23042 130 Slater Street April 2010 9102 - Slate Properties Review 130 Slater Street, Suite 1025, Ottawa, ON K1P 6E2 4 10 9102_Slate Properties.jpg 23042_Bldg pic.jpg Arcturus_Logo.jpg P1D 23042 4 10 M 2010-04-30 2010 001100 Ontario Energy 2010-09-14 6318 23042 4 10 M 2010-04-30 2010 000950 Borts & Schuns 2010-11-30 2909 23042 4 10 M 2010-04-30 2010 B-GT Rogers Cable Communications In 2010-11-30 0 23042 4 10 M 2010-04-30 2010 000200 Gillespie 2010-12-31 6310 23042 4 10 M 2010-04-30 2011 000620 Dr. Marcia E. McCoy 2011-03-31 525 23042 4 10 M 2010-04-30 Total 16062 23042 4 10 M 30006 5110 60 Free Rent 0 -12896.25 12896.25 100 Revenue flag 23042 4 10 M 70001 5255 Realty Tax Recovery 119846.24 116576.6 3269.64 2.8 Revenue flag 23042 4 10 M 72001 5310 10 Op Costs Recovery 371537.56 362213.28 9324.28 2.6 Revenue flag 23042 4 10 M 120001 5310 40 Op Cost Recovery-Prior Year -25732.75 0 -25732.75 -100 Revenue flag 23042 4 10 M 210001 5440 Other Income Rental Operations 1220.09 0 1220.09 100 Revenue flag 23042 4 10 M 670003 6110 10 Salaries-Building Admin 13601.21 10744.64 -2856.57 -26.6 Recoverable Expenses flag 23042 4 10 M 670007 6120 10 Sal - Building Operations 25713.5 28781.2 3067.7 10.7 Recoverable Expenses flag 23042 4 10 M 340003 6210 10 Hydro 75771.33 62427.3 -13344.03 -21.4 Recoverable Expenses flag 23042 4 10 M 340006 6220 Gas 32657.25 64584.8 31927.55 49.4 Recoverable Expenses flag 23042 4 10 M 340007 6230 Water 5423.69 9879.1 4455.41 45.1 Recoverable Expenses flag 23042 4 10 M 560002 6301 Security-Contract 3132.2 4291.64 1159.44 27 Recoverable Expenses flag 23042 4 10 M 560003 6311 Security-System 2591.5 750 -1841.5 -245.5 Recoverable Expenses flag 23042 4 10 M 380007 6413 Cleaning-Carpet 0 1200 1200 100 Recoverable Expenses flag 23042 4 10 M 435010 6520 90 Elect-Other 245 1300 1055 81.2 Recoverable Expenses flag 23042 4 10 M 435014 6530 01 Elev-Contract 5408 6789.96 1381.96 20.4 Recoverable Expenses flag 23042 4 10 M 580001 6540 07 Fire-Repair & Maintenance 4907.47 2000 -2907.47 -145.4 Recoverable Expenses flag 23042 4 10 M 440003 6550 05 HVAC-Supplies 1669.57 500 -1169.57 -233.9 Recoverable Expenses flag 23042 4 10 M 440004 6550 07 HVAC-Repair & Maintenance 6787.98 9200 2412.02 26.2 Recoverable Expenses flag 23042 4 10 M 500002 6590 01 R&M-Contract 123.43 2800 2676.57 95.6 Recoverable Expenses flag 23042 4 10 M 500004 6590 11 R&M-Doors, Keys & Hardware 2857.97 5666.68 2808.71 49.6 Recoverable Expenses flag 23042 4 10 M 500008 6590 16 R&M-Flooring 4007.18 5212.5 1205.32 23.1 Recoverable Expenses flag 23042 4 10 M 675003 6702 Adm-Office Supplies 994.53 3090 2095.47 67.8 Recoverable Expenses flag 23042 4 10 M 630002 7010 Insurance 9789.36 8024 -1765.36 -22 Recoverable Expenses flag 23042 4 10 M 925007 8335 10 N/R-Legal Fees 5832.29 1250 -4582.29 -366.6 Non-Recoverable Expenses flag 23042 4 10 M 925008 8335 20 N/R-Audit Fees 1250 0 -1250 -100 Non-Recoverable Expenses flag 23042 4 10 M 925012 8360 N/R-Other 2993.89 0 -2993.89 -100 Non-Recoverable Expenses flag 23042 4 10 M 930001 8470 Landlord Costs 2981.46 7500 4518.54 60.3 Non-Recoverable Expenses flag 23042 4 10 M 840003 9705 Mortgage Interest 345771.63 359734.64 13963.01 3.9 Non-Recoverable Expenses flag 23042 4 10 M 270001 9895 Bad Debt Expense -1999.38 0 1999.38 100 Revenue flag Executive Summary Occupancy Status Expiry Analysis Accounts Receivable Operations Summary Executive Summary - Financial Executive Summary - Accounts Receivable Executive Summary - Leasing Executive Summary - Operations 23042 3 10 M 30006 5110 60 Free Rent 0 -8597.5 8597.5 100 CADSI free rent; amounts are budgeted in this account, but amortized in GL 9760.20, creating the variance. Revenue 23042 3 10 M 72001 5310 10 Op Costs Recovery 276432.51 270246.92 6185.59 2.3 Reflects CADSI gross free rent, which is amortized. Revenue 23042 3 10 M 120001 5310 40 Op Cost Recovery-Prior Year -25732.75 0 -25732.75 -100 Reflects Vinci adjustment ($15K) and Chemical Institute adjustment ($10.7K) for the base year rate dispute. Revenue 23042 3 10 M 210001 5440 Other Income Rental Operations 1446.09 0 1446.09 100 Reflects Execo's payment for 2008 legal and administrative costs associated with a lock-out. Costs were never expensed; the resulting tenant AR credit was taken to income in January 2010. Revenue 23042 3 10 M 670003 6110 10 Salaries-Building Admin 10915.21 8058.48 -2856.73 -35.5 Arcturus LP payments are over budgeted allocation as approved by the Landlord representative. Recoverable Expenses 23042 3 10 M 670007 6120 10 Sal - Building Operations 18713.41 21929.65 3216.24 14.7 The actual costs are under budget to date due to lower overtime costs and miscoded day porter costs. Accounts are expected to balance at year's end. Recoverable Expenses 23042 3 10 M 340003 6210 10 Hydro 60771.33 46770.57 -14000.76 -29.9 Hydro costs were under-accrued at year end and 2010 consumption is higher than anticipated at budget preparation. Recoverable Expenses 23042 3 10 M 340006 6220 Gas 26448.93 48929.12 22480.19 45.9 Reflects lower consumption due to unseasonable weather. Recoverable Expenses 23042 3 10 M 340007 6230 Water 4535.26 8559.1 4023.84 47 Costs are under budget as City increase in premiums has not yet taken effect. Recoverable Expenses 23042 3 10 M 560002 6301 Security-Contract 1954.2 3281.23 1327.03 40.4 Costs of security patrols are under budget and the allowance for emergency guard services has not been required to date. Recoverable Expenses 23042 3 10 M 560003 6311 Security-System 2591.5 750 -1841.5 -245.5 Installation of an additional security camera prior to the allotment in the budget. The account is expected to balance at year's end. Recoverable Expenses 23042 3 10 M 380002 6401 Cleaning-Contract 33165.8 31401.36 -1764.44 -5.6 Costs of the Day Porter are miscoded to the account, creating the variance. To be corrected in April. Recoverable Expenses 23042 3 10 M 580001 6540 07 Fire-Repair & Maintenance 4434.97 1750 -2684.97 -153.4 Landlord-approved costs of electrical work for fire alarm speakers ($4.1K) resulting from the panel replacement. Recoverable Expenses 23042 3 10 M 490001 6560 101 Snow-Contract 3920.01 4996.5 1076.49 21.5 The variance reflects the costs of November 2009 snow services that should have been re-accrued in March 2010; to be corrected in April 2010. Recoverable Expenses 23042 3 10 M 442004 6580 07 Plumbing-Repair & Maintenance 593 2249.99 1656.99 73.6 The budget allows for the replacements of older pipes; allotment not required to date. Recoverable Expenses 23042 3 10 M 500002 6590 01 R&M-Contract 123.43 2600 2476.57 95.3 Budget for ladder replacement not required to date. Recoverable Expenses 23042 3 10 M 500004 6590 11 R&M-Doors, Keys & Hardware 2867.47 500.01 -2367.46 -473.5 Emergency garage door and main entrance door closer repairs not anticipated in the budget. Variance to deplete as year progresses. Recoverable Expenses 23042 3 10 M 500005 6590 13 R&M-Windows -1007.45 2000 3007.45 150.4 Caron window repairs project was underway at the time of reporting. The variance reflects 2009 year end accruals. Recoverable Expenses 23042 3 10 M 675003 6702 Adm-Office Supplies 769.71 2317.5 1547.79 66.8 Actual costs are under budget to date due to delayed safety training; account is expected to balance at year's end. Recoverable Expenses 23042 3 10 M 630002 7010 Insurance 7342.02 6018 -1324.02 -22 Insurance costs are over budget to date, premiums were underestimated at budget preparation. Recoverable Expenses 23042 3 10 M 930001 8470 Landlord Costs 2981.46 7500 4518.54 60.3 Landlord Costs not required to date for tenant allowances. The account includes the budget for blinds for new tenants. Non-Recoverable Expenses 23042 3 10 M 840003 9705 Mortgage Interest 259018.4 269800.98 10782.58 4 Mortgage interest costs are lower than rates provided at budget preparation. Non-Recoverable Expenses -1 1 Executive 1 Y No Section -1 2 Executive Executive Summary executive-summary-tab Y No ExecutiveSummary -1 3 Leasing 2 Y No Section -1 4 Leasing Occupancy Status Graph occupancy-graph-tab Y No OccupancyStatus -1 5 Leasing Expiry Analysis expiry-analysis-tab Y No ExpiryAnalysis -1 6 Leasing Lease Expiration Listing R5515403_BPEL0001_222448_PDF Y R5515403 -1 7 Leasing Stacking Plan stacking-plan-tab Y StackingPlan -1 8 Financial Report 3 Y No Section -1 9 Financial Report Financial Summary financial-summary-tab Y No FinancialSummaryNoRR -1 10 Financial Report Balance Sheet - Detail R55FINRPT4_BPEL030_222465_PDF Y R55FINRPT4_BSD -1 11 Financial Report Income Statement - Detail R55FINRPT4_BPEL020_222462_PDF Y R55FINRPT4_ISD -1 12 Financial Report Trial Balance R55FINRPT4_BPEL000_222461_PDF Y R55FINRPT4_TB -1 13 Financial Report Monthly Cash Flow Statement R55FINRPT4_BPEL000_222466_PDF Y R55FINRPT4_MON -1 14 Financial Report Variance Analysis variance-analysis-tab Y No VarianceAnalysis -1 15 Financial Report Variance Analysis Revenue -1 16 Financial Report Variance Analysis Recoverable Expenses -1 17 Financial Report Variance Analysis Non-Recoverable Expenses -1 18 Financial Report Tenant Rent Roll R5815421_BPEL0001_222427_PDF Y R5815421 -1 19 Financial Report Security Deposits R5815615A_BPEL0001_213476_PDF Y R5815615A -1 40 Accounts Receivable 4 Y No Section -1 41 Accounts Receivable Accounts Receivable Summary aged-receivables-tab Y No AccountsReceivableSummary -1 42 Accounts Receivable Accounts Receivable Analysis ar-analysis-tab Y No AccountsReceivableAnalysis -1 43 Accounts Receivable Open AR Aged Receivables Report R55OPENAR_BPEL0001_222440_PDF Y R55OPENAR -1 44 Operations 5 Y No Section -1 45 Operations Operations Summary Report operations-tab Y No OperationsSummary -1 46 Appendix Y No Appendix 23042 4 10 M 2010-04-01 The People Bank 0001 002 000100 OOFFC L 3500 2007-04-01 2017-03-31 23042 4 10 M 2010-04-01 Golden Hair Salon 0001 002 000102 OOFFC L 803 2000-01-01 2015-12-31 23042 4 10 M 2010-04-01 Gillespie 0002 003 000200 OOFFC L 6310 2001-01-01 2010-12-31 23042 4 10 M 2010-04-01 Elemental Data 0002 003 000250 OOFFC L 3323 2008-08-01 2013-07-31 23042 4 10 M 2010-04-01 Metro Ottawa 0003 004 000300 OOFFC L 2255 2008-09-01 2013-08-31 23042 4 10 M 2010-04-01 Dr. Thilio E. Vollrath 0003 004 000305 OOFFC L 600 2008-02-01 2013-01-31 23042 4 10 M 2010-04-01 Canadian Housing 0003 004 000310 OOFFC L 1400 2007-08-01 2013-01-31 23042 4 10 M 2010-04-01 Compusult Limited 0003 004 000325 OOFFC L 2034 2008-08-01 2013-07-31 23042 4 10 M 2010-04-01 ABCE School 0003 004 000350 OOFFC L 2697 2008-06-01 2016-05-31 23042 4 10 M 2010-04-01 ABCE School 0003 004 000355 OOFFC L 899 2008-06-01 2016-05-31 23042 4 10 M 2010-04-01 Blueprint Public Relations Inc 0004 005 000400 OOFFC L 2040 2008-11-01 2013-10-31 23042 4 10 M 2010-04-01 Execo 0004 005 000404 OOFFC L 563 2891-01-21 2012-03-31 23042 4 10 M 2010-04-01 Canadian Conference of the Arts 0004 005 000406 OOFFC L 1660 2009-06-01 2014-08-31 23042 4 10 M 2010-04-01 Canadian Alliance of Student Association 0004 005 000410 OOFFC L 1444 2008-11-01 2013-10-31 23042 4 10 M 2010-04-01 Geneva Watch 0004 005 000412 OOFFC L 575 2893-01-05 2013-10-31 23042 4 10 M 2010-04-01 Caron & Prof. 0004 005 000430 OOFFC L 3644 2001-11-01 2016-03-31 23042 4 10 M 2010-04-01 ABCE School 0005 006 000500 OOFFC L 3501 2008-06-01 2016-05-31 23042 4 10 M 2010-04-01 ABCE School 0005 006 000500A OOFFC L 1939 2008-06-01 2016-05-31 23042 4 10 M 2010-04-01 Chemical Institute 0005 006 000550 OOFFC L 4228 2005-09-01 2010-08-31 23042 4 10 M 2010-04-01 Electricity Sector Council 0006 007 000600 OOFFC L 3572 2008-09-01 2013-08-31 23042 4 10 M 2010-04-01 Caron & Prof. 0006 007 000618 OOFFC L 1904 2001-11-01 2016-03-31 23042 4 10 M 2010-04-01 Dr. Marcia E. McCoy 0006 007 000620 OOFFC L 525 2006-04-01 2011-03-31 23042 4 10 M 2010-04-01 Caron & Prof. 0006 007 000650 OOFFC L 3535 2001-11-01 2016-03-31 23042 4 10 M 2010-04-01 Knowledge Circle Learning Services Inc 0007 008 000700 OOFFC L 9874 2008-10-01 2018-09-30 23042 4 10 M 2010-04-01 Knowledge Circle Learning Services Inc 0008 009 000800 OOFFC L 9874 2008-10-01 2018-09-30 23042 4 10 M 2010-04-01 ABCE School 0009 010 000900 OOFFC L 6548 2008-06-01 2016-05-31 23042 4 10 M 2010-04-01 Borts & Schuns 0009 010 000950 OOFFC L 2909 2000-12-01 2010-11-30 23042 4 10 M 2010-04-01 DC Canada 0009 010 000960 OOFFC L 382 2001-04-01 2012-06-30 23042 4 10 M 2010-04-01 Julie Guindon 0010 011 001005 OOFFC L 1218 2002-03-01 2012-07-31 23042 4 10 M 2010-04-01 Anthony Macauley Associates Inc. 0010 011 001010 OOFFC L 2274 2010-01-04 2015-03-31 23042 4 10 M 2010-04-01 RCCFC 0010 011 001015 OOFFC L 770 2008-06-01 2013-05-31 23042 4 10 M 2010-04-01 Arcturus Limited Partnership 0010 011 001025 OOFFC L 2008 2007-02-01 2012-01-31 23042 4 10 M 2010-04-01 Caron & Prof. 0010 011 001050 OOFFC L 3654 2001-11-01 2016-03-31 23042 4 10 M 2010-04-01 Ontario Energy 0011 012 001100 OOFFC L 6318 2003-08-15 2010-09-14 23042 4 10 M 2010-04-01 Caron & Prof. 0011 012 001150 OOFFC L 3443 2001-11-01 2016-03-31 23042 4 10 M 2010-04-01 S.I. Systems Ltd. 0012 013 001200 OOFFC L 4338 2009-04-01 2014-03-31 23042 4 10 M 2010-04-01 *** Vacant Unit *** 0012 013 001210 OOFFC V 2079 2009-01-01 2049-12-31 23042 4 10 M 2010-04-01 Canadian Defence 0012 013 001250 OOFFC L 3344 2005-04-15 2010-04-30 23042 4 10 M 2010-04-01 Broccolini Construction (Ontario) Inc. 0013 014 001340 OOFFC L 6448 2008-12-01 2013-11-30 23042 4 10 M 2010-04-01 Services Vinci Park (Canada) Inc. 0013 014 001350 OOFFC L 3425 2005-06-01 2015-12-31 23042 4 10 M 2010-04-01 Bradda Printing BS01 001 BS01 OOFFC L 12936 2812-02-13 2016-03-31 http://soaweb1.arcturus.local:7777/orabpel/prod/RSRProject/2.1/HumanTask_BPEL112/HumanTask_BPEL112.task 3