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


VII. Price Relative by Hotel Type, 1996

Spec
 #   Item Description                   Hotel        RH       SRO
==== ================                  ======    ======    ======

101  REAL ESTATE TAXES                 0.9937    1.0550    1.0189

205  Social Security Insurance         0.0777    0.0584    0.0361
206  Unemployment Insurance            0.0201    0.0167    0.0312
208  Hotel Private Health/Welfare      0.0559    0.0000    0.0053
209  Hotel Union Labor                 0.5242    0.0000    0.0000
210  SRO Union Labor                   0.0000    0.0000    0.0665
211  Apartment Value                   0.0327    0.4153    0.1741
212  Non-Union Superintendent          0.1043    0.4287    0.5537
213  Non-Union Maid                    0.0000    0.0000    0.0000
214  Non-Union Desk Clerk              0.0000    0.0000    0.0000
215  Non-Union Maintenance Worker      0.0000    0.0000    0.0000
216  Non-Union Janitor/Porter          0.2215    0.1159    0.1687

     LABOR COSTS                       1.0364    1.0350    1.0355

301  Fuel Oil #2                       0.9139    1.2261    0.3742
302  Fuel Oil #4                       0.0000    0.0000    0.1105
303  Fuel Oil #6                       0.3392    0.0000    0.8120

     FUEL                              1.2531    1.2261    1.2967

401  Electricity #1, 2,500 KWH         0.0038    0.4725    0.0752
402  Electricity #2, 15,000 KWH        0.0901    0.0000    0.1576
403  Electricity #3, 82,000 KWH        0.3583    0.0000    0.2272
404  Gas #1, 12,000 therms             0.0040    0.3380    0.0132
405  Gas #2, 65,000 therms             0.0331    0.0000    0.0973
406  Gas #3, 214,000 therms            0.1724    0.0000    0.2710
407  Steam #1, 1.2m lbs                0.0000    0.0021    0.0000
409  Telephone                         0.2612    0.0297    0.0862
410  Water & Sewer                     0.1304    0.2193    0.1570

     UTILITIES                         1.0534    1.0615    1.0847

501  Repainting                        0.2130    0.2426    0.1666
502  Plumbing, Faucet                  0.0318    0.1842    0.1529
503  Plumbing, Stoppage                0.0305    0.1765    0.1502
504  Elevator #1, 6 fl., 1 e.          0.0429    0.0000    0.0147
505  Elevator #2, 13 fl., 2 e.         0.0413    0.0000    0.0142
506  Elevator #3, 19 fl., 3 e.         0.0384    0.0000    0.0131
507  Burner Repair                     0.0087    0.0275    0.0826
508  Boiler Repair, Tube               0.0090    0.0284    0.0853
509  Boiler Repair, Weld               0.0084    0.0265    0.0794
511  Range Repair                      0.1792    0.0593    0.1386
512  Roof Repair                       0.0348    0.0017    0.0000
513  Air Conditioner Repair            0.0386    0.0774    0.0467
514  Floor Maint. #1, Studio           0.0003    0.0020    0.0020
515  Floor Maint. #2, 1 Br.            0.0007    0.0042    0.0042
516  Floor Maint. #3, 2 Br.            0.0063    0.0382    0.0380
518  Linen/Laundry Service             0.3244    0.1461    0.0301

     CONTRACTOR SERVICES               1.0084    1.0146    1.0185

601  Management Fees                   0.6824    0.4871    0.5768
602  Accountant Fees                   0.0577    0.1867    0.1128
603  Attorney Fees                     0.1171    0.2111    0.2154
604  Newspaper Ads                     0.1283    0.0513    0.0644
605  Agency Fees                       0.0224    0.0411    0.0270
606  Lease Forms                       0.0107    0.0197    0.0130
607  Bill Envelopes                    0.0138    0.0253    0.0166
608  Ledger Paper                      0.0104    0.0190    0.0125

     ADMINISTRATIVE COSTS              1.0428    1.0411    1.0386

701  INSURANCE COSTS                   1.0501    1.0501    1.0501

801  Light Bulbs                       0.0055    0.0392    0.0325
802  Light Switch                      0.0062    0.0444    0.0368
803  Wet Mop                           0.0658    0.0238    0.0245
804  Floor Wax                         0.0661    0.0239    0.0246
805  Paint                             0.0536    0.3138    0.1678
806  Pushbroom                         0.0597    0.0216    0.0222
807  Detergent                         0.0604    0.0219    0.0225
808  Bucket                            0.0673    0.0244    0.0250
809  Washers                           0.0145    0.0859    0.1392
810  Linens                            0.4360    0.0918    0.1006
811  Pine Disinfectant                 0.0066    0.0470    0.0390
812  Window/Glass Cleaner              0.0069    0.0495    0.0411
813  Switch Plate                      0.0656    0.0238    0.0244
814  Duplex Receptacle                 0.0574    0.0208    0.0213
815  Toilet Seat                       0.0140    0.0832    0.1347
816  Deck Faucet                       0.0156    0.0924    0.1497

     PARTS AND SUPPLIES                1.0013    1.0075    1.0059

901  Refrigerator #1                   0.0087    0.0440    0.0398
902  Refrigerator #2                   0.0459    0.2320    0.2099
903  Air Conditioner #1                0.0974    0.0119    0.0000
904  Air Conditioner #2                0.1155    0.0141    0.0000
907  Range #1                          0.0013    0.0164    0.0258
908  Range #2                          0.0069    0.0863    0.1352
909  Carpet                            0.3388    0.3931    0.3795
910  Dresser                           0.2129    0.1197    0.1230
911  Mattress & Box Spring             0.2000    0.1125    0.1155

     REPLACEMENT COSTS                 1.0273    1.0300    1.0287

     ALL ITEMS                         1.0390    1.0652    1.0650