Appendix: 1996 RGB Price Index of Operating Costs (PIOC)
II. Expenditure Weights, Price Relatives, Percent Changes
and Standard Errors, All Apartments, 1996
Spec Expenditure Price % Standard
# Item Description Weights Relative Change Error
==== ================ =========== ======== ====== ========
101 REAL ESTATE TAXES 0.2628 1.0296 2.96% 0.1026
201 Payroll,Bronx,All 0.1227 1.0342 3.42% 0.0000
202 Payroll,Other,Union,Supts. 0.1193 1.0192 1.92% 0.0000
203 Payroll,Other,Union,Other 0.2937 1.0192 1.92% 0.0000
204 Payroll,Other,Non-Union,All 0.2661 1.0368 3.68% 3.4295
205 Social Security Insurance 0.0481 1.0178 1.78% 0.0000
206 Unemployment Insurance 0.0100 0.9783 -2.17% 0.0000
207 Private Health & Welfare 0.1400 1.0640 6.40% 0.0000
LABOR COSTS 0.1711 1.0315 3.15% 0.9126
301 Fuel Oil #2 0.2666 1.2261 22.61% 0.8564
302 Fuel Oil #4 0.2158 1.2955 29.55% 1.2225
303 Fuel Oil #6 0.5176 1.3321 33.21% 0.4613
FUEL 0.0883 1.2960 29.60% 0.4228
401 Electricity #1, 2,500 KWH 0.0151 1.0247 2.47% 0.0000
402 Electricity #2, 15,000 KWH 0.1840 1.0379 3.79% 0.0000
403 Electricity #3, 82,000 KWH 0.0000 1.0246 2.46% 0.0000
404 Gas #1, 12,000 therms 0.0056 1.1244 12.44% 0.0000
405 Gas #2, 65,000 therms 0.0560 1.1962 19.62% 0.0000
406 Gas #3, 214,000 therms 0.1401 1.2020 20.20% 0.0000
407 Steam #1, 1.2m lbs 0.0156 1.1718 17.18% 0.0000
408 Steam #2, 2.6m lbs 0.0058 1.1962 19.62% 0.0000
409 Telephone 0.0134 0.9963 -0.37% 0.0000
410 Water & Sewer 0.5645 1.0474 4.74% 0.1280
UTILITIES 0.1410 1.0779 7.79% 0.0723
501 Repainting 0.4192 0.9998 -0.02% 1.1370
502 Plumbing, Faucet 0.1346 1.0486 4.86% 1.3436
503 Plumbing, Stoppage 0.1250 1.0222 2.22% 1.0405
504 Elevator #1, 6 fl., 1 e. 0.0494 1.0235 2.35% 0.8201
505 Elevator #2, 13 fl., 2 e. 0.0346 1.0224 2.24% 0.7430
506 Elevator #3, 19 fl., 3 e. 0.0196 1.0210 2.10% 0.7649
507 Burner Repair 0.0398 1.0088 0.88% 0.4172
508 Boiler Repair, Tube 0.0450 1.0235 2.35% 1.4183
509 Boiler Repair, Weld 0.0342 1.0630 6.30% 4.3299
510 Refrigerator Repair 0.0136 1.0180 1.80% 1.8426
511 Range Repair 0.0145 1.0064 0.64% 2.2804
512 Roof Repair 0.0544 1.0459 4.59% 2.2419
513 Air Conditioner Repair 0.0099 1.0116 1.16% 0.0000
514 Floor Maint. #1, Studio 0.0003 1.0041 0.41% 3.7968
515 Floor Maint. #2, 1 Br. 0.0006 0.9837 -1.63% 3.1372
516 Floor Maint. #3, 2 Br. 0.0053 0.9634 -3.66% 3.5862
CONTRACTOR SERVICES 0.1520 1.0179 1.79% 0.5679
601 Management Fees 0.6732 1.0364 3.64% 0.6042
602 Accountant Fees 0.1444 1.0393 3.93% 1.1334
603 Attorney Fees 0.1419 1.0094 0.94% 0.6303
604 Newspaper Ads 0.0041 1.0793 7.93% 2.6421
605 Agency Fees 0.0047 1.2396 23.96% 10.7839
606 Lease Forms 0.0108 1.0213 2.13% 1.6123
607 Bill Envelopes 0.0107 1.1019 10.19% 5.6722
608 Ledger Paper 0.0102 1.0269 2.69% 2.7277
ADMINISTRATIVE COSTS 0.0843 1.0346 3.46% 0.4558
701 INSURANCE COSTS 0.0663 1.0501 5.01% 0.3295
801 Light Bulbs 0.0400 1.0000 0.00% 0.0000
802 Light Switch 0.0486 1.0210 2.10% 2.0628
803 Wet Mop 0.0430 1.0000 0.00% 1.2537
804 Floor Wax 0.0407 1.0068 0.68% 0.4775
805 Paint 0.2135 1.0137 1.37% 1.3953
806 Pushbroom 0.0406 1.0000 0.00% 0.0000
807 Detergent 0.0344 1.0126 1.26% 0.8732
808 Bucket 0.0427 0.9964 -0.36% 0.3720
809 Washers 0.1038 1.0000 0.00% 0.0000
811 Pine Disinfectant 0.0503 1.0075 0.75% 0.4870
812 Window/Glass Cleaner 0.0538 1.0044 0.44% 0.4569
813 Switch Plate 0.0408 1.0476 4.76% 4.9416
814 Duplex Receptacle 0.0368 1.0000 0.00% 0.0000
815 Toilet Seat 0.1007 1.0002 0.02% 2.0352
816 Deck Faucet 0.1103 1.0123 1.23% 1.3304
PARTS AND SUPPLIES 0.0239 1.0084 0.84% 0.4569
901 Refrigerator #1 0.0889 1.0217 2.17% 0.6935
902 Refrigerator #2 0.4776 1.0105 1.05% 0.8321
903 Air Conditioner #1 0.0175 1.0179 1.79% 1.8161
904 Air Conditioner #2 0.0218 1.0214 2.14% 2.1017
905 Floor Runner 0.0866 1.0000 0.00% 0.1763
906 Dishwasher 0.0454 1.0047 0.47% 0.4940
907 Range #1 0.0430 1.0062 0.62% 0.6233
908 Range #2 0.2191 1.0065 0.65% 0.6489
REPLACEMENT COST 0.0104 1.0097 0.97% 0.4319
ALL ITEMS 1.0000 1.0595 5.95% 0.1901