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Covenant Village: 9% Tax Credit (S)

Schedule M: Accounting Adjustments

Annual capital vs. expense accts

  Total 1987 1988 1989 1990 1991
Dev.Costs Expensed to Oper.Exp.(A[19]) 5760 5760        
Const.Fin.Expensed to Debt Service 603536 100014 193659 155856 110913 43095
Oper.Exp.Capitalized            
Ground Rent Capitalized            
Perm.Fin.Int.Capitalized            
Total 609296 105774 193659 155856 110913 43095


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