Appendix: 1996 RGB Price Index of Operating Costs (PIOC)
VI. Expenditure Weights, Price Relatives, Percent
Changes and Standard Errors, All Hotels, 1996
Spec Expenditure Price % Standard
# Item Description Weights Relative Change Error
==== ================ =========== ======== ===== ========
REAL ESTATE TAXES 0.2301 1.0157 1.57% 2.8059
205 Social Security Insurance 0.0591 1.0383 3.83% 0.0000
206 Unemployment Insurance 0.0225 0.9783 -2.17% 0.0000
208 Hotel Private Health/Welfare 0.0364 1.0422 4.22% 0.0000
209 Hotel Union Labor 0.3321 1.0401 4.01% 0.0000
210 SRO Union Labor 0.0130 1.0400 4.00% 0.0000
211 Apartment Value 0.1137 1.0325 3.25% 0.4265
212 Non-Union Superintendent 0.2983 1.0410 4.10% 1.2134
213 Non-Union Maid 0.0000 0.0000 NA 0.0000
214 Non-Union Desk Clerk 0.0000 0.0000 NA 0.0000
215 Non-Union Maintenance Worker 0.0000 0.0000 NA 0.0000
216 Non-Union Janitor/Porter 0.1249 1.0296 2.96% 0.8200
LABOR COSTS 0.1841 1.0368 3.68% 0.3792
301 Fuel Oil #2 0.6998 1.2261 22.61% 0.8564
302 Fuel Oil #4 0.0147 1.2955 29.55% 1.2225
303 Fuel Oil #6 0.2855 1.3321 33.21% 0.4613
FUEL 0.0921 1.2574 25.74% 0.6139
401 Electricity #1, 2,500 KWH 0.0844 1.0247 2.47% 0.0000
402 Electricity #2, 15,000 KWH 0.0871 1.0379 3.79% 0.0000
403 Electricity #3, 82,000 KWH 0.2743 1.0246 2.46% 0.0000
404 Gas #1, 12,000 therms 0.0487 1.1244 12.44% 0.0000
405 Gas #2, 65,000 therms 0.0342 1.1962 19.62% 0.0000
406 Gas #3, 214,000 therms 0.1390 1.2020 20.20% 0.0000
407 Steam #1, 1.2m lbs 0.0002 1.1718 17.18% 0.0000
409 Telephone 0.1942 0.9963 -0.37% 0.0000
410 Water & Sewer 0.1379 1.0608 6.08% 2.7000
UTILITIES 0.1706 1.0607 6.07% 0.3724
501 Repainting 0.2081 0.9998 -0.02% 1.1370
502 Plumbing, Faucet 0.0758 1.0486 4.86% 1.3436
503 Plumbing, Stoppage 0.0746 1.0222 2.22% 1.0405
504 Elevator #1, 6 fl., 1 e. 0.0302 1.0235 2.35% 0.8201
505 Elevator #2, 13 fl., 2 e. 0.0291 1.0224 2.24% 0.7430
506 Elevator #3, 19 fl., 3 e. 0.0270 1.0210 2.10% 0.7649
507 Burner Repair 0.0260 1.0088 0.88% 0.4172
508 Boiler Repair, Tube 0.0264 1.0235 2.35% 1.4183
509 Boiler Repair, Weld 0.0237 1.0630 6.30% 1.8426
511 Range Repair 0.1521 1.0064 0.64% 2.2804
512 Roof Repair 0.0219 1.0459 4.59% 2.2419
513 Air Conditioner Repair 0.0455 1.0116 1.16% 0.0000
514 Floor Maint. #1, Studio 0.0009 1.0041 0.41% 3.7968
515 Floor Maint. #2, 1 Br. 0.0020 0.9837 -1.63% 3.1372
516 Floor Maint. #3, 2 Br. 0.0181 0.9634 -3.66% 3.5862
518 Linen/Laundry Service 0.2388 1.0000 0.00% 0.0000
CONTRACTOR SERVICES 0.1032 1.0114 1.14% 0.4614
601 Management Fees 0.6107 1.0364 3.64% 0.6042
602 Accountant Fees 0.0842 1.0393 3.93% 1.1334
603 Attorney Fees 0.1489 1.0094 0.94% 0.6303
604 Newspaper Ads 0.0967 1.0793 7.93% 2.6421
605 Agency Fees 0.0210 1.2396 23.96% 10.7839
606 Lease Forms 0.0122 1.0213 2.13% 1.6123
607 Bill Envelopes 0.0146 1.1019 10.19% 5.6722
608 Ledger Paper 0.0117 1.0269 2.69% 2.7277
ADMINISTRATIVE COSTS 0.0933 1.0417 4.17% 0.5282
701 INSURANCE COSTS 0.0370 1.0501 5.01% 0.4660
801 Light Bulbs 0.0164 1.0000 0.00% 0.0000
802 Light Switch 0.0182 1.0210 2.10% 2.0628
803 Wet Mop 0.0505 1.0000 0.00% 1.2537
804 Floor Wax 0.0505 1.0068 0.68% 0.4775
805 Paint 0.1169 1.0137 1.37% 1.3953
806 Pushbroom 0.0459 1.0000 0.00% 0.0000
807 Detergent 0.0459 1.0126 1.26% 0.8732
808 Bucket 0.0519 0.9964 -0.36% 0.3720
809 Washers 0.0517 1.0000 0.00% 0.0000
810 Linens 0.3146 0.9914 -0.86% 1.9056
811 Pine Disinfectant 0.0196 1.0075 0.75% 0.4870
812 Window/Glass Cleaner 0.0207 1.0044 0.44% 0.4569
813 Switch Plate 0.0482 1.0476 4.76% 4.9416
814 Duplex Receptacle 0.0441 1.0000 0.00% 0.0000
815 Toilet Seat 0.0500 1.0002 0.02% 2.0352
816 Deck Faucet 0.0549 1.0123 1.23% 1.3304
PARTS AND SUPPLIES 0.0637 1.0032 0.32% 0.6830
901 Refrigerator #1 0.0196 1.0217 2.17% 0.6935
902 Refrigerator #2 0.1046 1.0105 1.05% 0.8321
903 Air Conditioner #1 0.0644 1.0179 1.79% 1.8161
904 Air Conditioner #2 0.0761 1.0214 2.14% 2.1017
907 Range #1 0.0083 1.0062 0.62% 0.6233
908 Range #2 0.0436 1.0065 0.65% 0.6489
909 Carpet 0.3324 1.0678 6.78% 4.7536
910 Dresser 0.1813 1.0000 0.00% 1.1985
911 Mattress & Box Spring 0.1696 1.0046 0.46% 0.4527
REPLACEMENT COSTS 0.0260 1.0280 2.80% 1.6118
ALL ITEMS 1.0000 1.0523 5.23% 0.6615