Financial information.

CFR · 2024-01-01 · US · Title 12

(a) (b) Complete the following format (If the subdivision or common promotional plan contains, or will contain, 1000 or more lots, furnish this information in its entirety. If the subdivision or common promotional plan contains, or will contain, less than 1,000 lots, only paragraphs (b)(3)(iii) and (iv) of this section need be completed.) (1) Estimated date for full completion of amenities (2) Projected date for complete sell out of subdivision (3) Cost and expense recap for lots included in this Statement of Record: (i) Land acquisition cost or current fair market value of land. (ii) Development and improvement costs (include the estimated cost of such items as roads, utilities, and amenities which the developer will incur). (iii) Estimated marketing and advertising costs. (iv) Estimated sales commission. (v) Interest (include cost in financing the land purchase, improvements, or other borrowings). (vi) Estimated other expenses (include general costs, administrative costs, profit, etc.). (vii) Total. (4) Total land sales revenue: (i) Estimated total land sales income. (ii) Estimated other income. (iii) Total income. (c) (2) If the audited statements are more than six months old at the date of submission of the Statement of Record, or if the last full fiscal year has ended within the last 90 days and audited Statements are not yet available, the developer may submit a copy of the audited statements for the previous full fiscal year and supplement them with unaudited, interim

official document · source cfr-2024 · id 12:§ 1010.212