Appendix: 1996 RGB Price Index of Operating Costs (PIOC)


III.  Price Relatives by Building Type,  Apartments, 1996

                                                                     MASTER
Spec                                Pre-   Post-      Gas      OIL  METERED
 #   Item Description               1947    1947   Heated   Heated    BLDGS
==== ================            ======   ======   ======   ======   ======

101  REAL ESTATE TAXES            1.0296  1.0296   1.0296   1.0296   1.0296

201  Payroll,Bronx,All            0.1746  0.0725   0.0021   0.1537   0.0000
202  Payroll,Other,Union,Supts.   0.1239  0.1189   0.1488   0.1102   0.0940
203  Payroll,Other,Union,Other    0.1801  0.4346   0.3495   0.2830   0.3802
204  Payroll,Other,Non-Union,All  0.3729  0.1658   0.3388   0.2765   0.4003
205  Social Security Insurance    0.0449  0.0537   0.0527   0.0480   0.0460
206  Unemployment Insurance       0.0095  0.0102   0.0105   0.0101   0.0131
207  Private Health & Welfare     0.1269  0.1740   0.1274   0.1505   0.0957

     LABOR COSTS                  1.0329  1.0299   1.0298   1.0319   1.0294

301  Fuel Oil #2                  0.3952  0.1184   0.0081   0.3258   0.4882
302  Fuel Oil #4                  0.3337  0.1147   0.2024   0.2751   0.2060
303  Fuel Oil #6                  0.5596  1.0855   1.1152   0.6953   0.5899

     FUEL                         1.2885  1.3186   1.3257   1.2962   1.2841

401  Electricity #1, 2,500 KWH    0.0229  0.0011   0.0264   0.0120   0.0000
402  Electricity #2, 15,000 KWH   0.1545  0.2619   0.0878   0.2360   0.0000
403  Electricity #3, 82,000 KWH   0.0000  0.0000   0.0000   0.0000   0.5556
404  Gas #1, 12,000 therms        0.0089  0.0012   0.0055   0.0069   0.0002
405  Gas #2, 65,000 therms        0.0833  0.0352   0.1662   0.0369   0.0174
406  Gas #3, 214,000 therms       0.1550  0.1942   0.4949   0.0413   0.0566
407  Steam #1, 1.2m lbs           0.0001  0.0535   0.0014   0.0001   0.0000
408  Steam #2, 2.6m lbs           0.0001  0.0203   0.0004   0.0001   0.0000
409  Telephone                    0.0148  0.0105   0.0087   0.0156   0.0165
410  Water & Sewer                0.6361  0.5043   0.3391   0.7058   0.3974

     UTILITIES                    1.0757  1.0821   1.1305   1.0546   1.0437

501  Repainting                   0.4002  0.4702   0.5473   0.3872   0.3655
502  Plumbing, Faucet             0.1631  0.0813   0.1353   0.1385   0.1545
503  Plumbing, Stoppage           0.1472  0.0747   0.1244   0.1273   0.1420
504  Elevator #1, 6 fl., 1 e.     0.0631  0.0166   0.0204   0.0567   0.0008
505  Elevator #2, 13 fl., 2 e.    0.0179  0.0831   0.0050   0.0446   0.0974
506  Elevator #3, 19 fl., 3 e.    0.0068  0.0560   0.0410   0.0163   0.0343
507  Burner Repair                0.0407  0.0389   0.0202   0.0471   0.0357
508  Boiler Repair, Tube          0.0466  0.0446   0.0231   0.0540   0.0410
509  Boiler Repair, Weld          0.0368  0.0352   0.0183   0.0425   0.0323
510  Refrigerator Repair          0.0134  0.0147   0.0131   0.0140   0.0075
511  Range Repair                 0.0143  0.0156   0.0139   0.0149   0.0079
512  Roof Repair                  0.0616  0.0442   0.0398   0.0627   0.0458
513  Air Conditioner Repair       0.0027  0.0298   0.0042   0.0069   0.0351
514  Floor Maint. #1, Studio      0.0002  0.0005   0.0004   0.0004   0.0006
515  Floor Maint. #2, 1 Br.       0.0005  0.0008   0.0007   0.0005   0.0091
516  Floor Maint. #3, 2 Br.       0.0040  0.0082   0.0070   0.0053   0.0087

CONTRACTOR SERVICES               1.0192  1.0144   1.0139   1.0189   1.0183

601  Management Fees              0.6199  0.7955   0.6465   0.7034   0.4683
602  Accountant Fees              0.1761  0.1172   0.1060   0.1601   0.3601
603  Attorney Fees                0.1784  0.0993   0.2398   0.1270   0.1446
604  Newspaper Ads                0.0053  0.0032   0.0073   0.0040   0.0044
605  Agency Fees                  0.0071  0.0042   0.0097   0.0053   0.0058
606  Lease Forms                  0.0155  0.0052   0.0076   0.0116   0.0172
607  Bill Envelopes               0.0168  0.0055   0.0082   0.0125   0.0185
608  Ledger Paper                 0.0149  0.0049   0.0073   0.0111   0.0165

     ADMINISTRATIVE COSTS         1.0341  1.0351   1.0325   1.0349   1.0354

701  INSURANCE COSTS              1.0501  1.0501   1.0501   1.0501   1.0501

801  Light Bulbs                  0.0391  0.0418   0.0409   0.0397   0.0765
802  Light Switch                 0.0486  0.0519   0.0509   0.0493   0.0951
803  Wet Mop                      0.0406  0.0484   0.0345   0.0472   0.0553
804  Floor Wax                    0.0387  0.0462   0.0329   0.0450   0.0527
805  Paint                        0.2187  0.2115   0.2454   0.2082   0.1114
806  Pushbroom                    0.0404  0.0410   0.0291   0.0399   0.0466
807  Detergent                    0.0329  0.0393   0.0280   0.0382   0.0448
808  Bucket                       0.0402  0.0480   0.0341   0.0466   0.0546
809  Washers                      0.1089  0.0924   0.1122   0.0996   0.0554
811  Pine Disinfectant            0.0496  0.0530   0.0519   0.0503   0.0971
812  Window/Glass Cleaner         0.0529  0.0565   0.0553   0.0535   0.1034
813  Switch Plate                 0.0403  0.0482   0.0343   0.0468   0.0549
814  Duplex Receptacle            0.0347  0.0414   0.0295   0.0404   0.0473
815  Toilet Seat                  0.1056  0.0896   0.1088   0.0967   0.0538
816  Deck Faucet                  0.1171  0.0995   0.1207   0.1072   0.0596

     PARTS AND SUPPLIES           1.0084  1.0086   1.0085   1.0085   1.0086

901  Refrigerator #1              0.0877  0.0984   0.0739   0.0987   0.0800
902  Refrigerator #2              0.4759  0.4984   0.4009   0.4997   0.4052
903  Air Conditioner #1           0.0094  0.0376   0.0241   0.0158   0.0112
904  Air Conditioner #2           0.0118  0.0468   0.0300   0.0197   0.0140
905  Floor Runner                 0.0818  0.0975   0.0459   0.0979   0.2330
906  Dishwasher                   0.0392  0.0603   0.1437   0.0220   0.0134
907  Range #1                     0.0492  0.0294   0.0472   0.0440   0.0432
908  Range #2                     0.2543  0.1419   0.2438   0.2120   0.2081

     REPLACEMENT COSTS            1.0094  1.0103   1.0094   1.0098   1.0081

     ALL ITEMS                    1.0681  1.0537   1.0545   1.0651   1.0538