Annual Operating Budget Preparation

Prepare the annual operating budget for [PROPERTY AND BUDGET YEAR] using [HISTORICAL ACTUALS AND CURRENT FORECAST], [RENT ROLL, LEASE EVENTS, AND LEASING ASSUMPTIONS], [CONTRACTS, PAYROLL, UTILITIES, TAX, AND INSURANCE INPUTS], [CAPITAL PLAN AND OWNER BUDGET GUIDANCE], and any supplied chart of accounts.

Use only supplied facts and assumptions. Do not invent rent growth, occupancy, renewals, bad debt, recoveries, wage increases, contract pricing, utility rates, taxes, insurance, or timing. Label management assumptions, contractual amounts, quotes, and missing inputs separately. Cite the lease, contract, invoice, payroll record, tax bill, policy, or owner instruction supporting every material line.

Return:
1. An assumptions register with source, effective date, owner, confidence, and approval status.
2. Monthly schedules for rental revenue, recoveries, other income, payroll, contracts, utilities, repairs, taxes, insurance, and other supported accounts.
3. A property summary showing revenue, operating expenses, NOI, margins, and comparison with current forecast and prior actuals.
4. A variance table explaining material movements without assigning unsupported causes.
5. A separate capital plan, staffing plan, and one-time-cost schedule so they are not hidden in recurring operations.
6. Missing decisions, due dates, and the effect of unresolved items.

Reconcile all schedules to the summary and state the accounting basis. The Property Manager owns preparation; the Owner or Asset Manager is the human decision owner who approves the budget.