annual-budget-build

name	Annual Budget Build
slug	budget_build
version	0.1.0
status	draft
category	residential_multifamily
subsystem	residential_multifamily
pack_type	workflow
targets	["claude_code"]
stale_data	Payroll assumptions, insurance and tax assumptions, utility benchmarks, material and labor escalators, concession and rent-growth assumptions, and staffing ratios all drift. All assumption values come from reference libraries; this pack does not embed numbers.
applies_to	{"segment":["middle_market"],"form_factor":["garden","walk_up","wrap","suburban_mid_rise","urban_mid_rise"],"lifecycle":["stabilized","renovation","lease_up","recap_support"],"management_mode":["self_managed","third_party_managed","owner_oversight"],"role":["property_manager","regional_manager","asset_manager","reporting_finance_ops_lead"],"output_types":["operating_review","memo","kpi_review"],"decision_severity_max":"action_requires_approval"}
references	{"reads":["reference/normalized/payroll_assumptions__{org}.csv","reference/normalized/insurance_tax_assumptions__{market}.csv","reference/normalized/utility_benchmarks__{market}.csv","reference/normalized/staffing_ratios__middle_market.csv","reference/normalized/market_rents__{market}_mf.csv","reference/normalized/concession_benchmarks__{market}_mf.csv","reference/normalized/collections_benchmarks__{region}_mf.csv","reference/normalized/unit_turn_cost_library__{market}.csv","reference/derived/budget_escalator_assumptions__{market}.csv","reference/normalized/approval_threshold_defaults.csv"],"writes":[]}
metrics_used	["noi","noi_margin","economic_occupancy","physical_occupancy","leased_occupancy","collections_rate","bad_debt_rate","concession_rate","rent_growth_renewal","rent_growth_new_lease","blended_lease_trade_out","payroll_per_unit","rm_per_unit","utilities_per_unit","controllable_opex_per_unit","dscr","debt_yield"]
escalation_paths	[{"kind":"budget_final_submission","to":"asset_manager -> finance/reporting lead -> approval_request(row 14 for lender submission)"},{"kind":"owner_submission","to":"asset_manager -> executive -> approval_request(row 15 or 16)"}]
approvals_required	["final_budget_submission"]
description	Builds the annual operating budget from property-level bottoms-up plus portfolio-level assumptions. Revenue build from rent roll + market reference + renewal policy; expense build from assumption libraries + staffing ratios + benchmarks. Produces variance narrative against prior year and T12, stress-test sensitivities, and a draft owner package. Final submission is gated.

Annual Budget Build

Workflow purpose

Produce a defensible annual operating budget for a property, with every dollar traced to a reference. Revenue derives from rent roll roll-forward + overlay market assumptions + renewal policy. Expense derives from assumption libraries and staffing ratios. The output is a budget package plus a narrative that can withstand asset-management and lender review.

Trigger conditions

• Explicit: "build 2027 budget", "budget build for property X", "annual operating budget", "start budget cycle".
• Implicit: calendar approach of budget season per org overlay; prior budget superseded.
• Recurring: annual per property, on the org's budget calendar.

Inputs (required / optional)

Input	Type	Required	Notes
Rent roll snapshot	table	required	for revenue roll-forward
T12 operating statement	table	required	base for expense build
Budget history (prior 2 years)	table	required	for trend analysis
Market rent reference	csv	required
Concession benchmark	csv	required
Collections benchmark	csv	required
Payroll assumptions	csv	required
Insurance/tax assumptions	csv	required
Utility benchmarks	csv	required
Turn cost library	csv	required
Staffing ratios	csv	required
Budget escalator assumptions	csv	required	per market
Renewal uplift bands	csv	required
Debt schedule	record	required	for DSCR/DY view

Outputs