Regular Expenses
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Regular, recurring expenses and how they are paid
There are several expenses that are incurred on a regular and recurring basis. The following table describes each one, including a description of how the expense is paid. "Check" means that a physical check is written and delivered to the creditor.
| Expense | Frequency | Amount | Mode of Payment |
|---|---|---|---|
| Rent | Monthly | Varies per the lease; increases each year | ACH transfer from checking to Hutt Commercial Real Estate; John does not send any reminders and there is a significant penalty for late payment! |
| WOW Internet | Monthly | $72.00 | ACH transfer from checking; paper bill is mailed to 1481 Wordsworth |
| Runco (trash) | Monthly | varies - approximately $70 | Check; paper bill is mailed to 1481 Wordsworth |
| Consumers Energy (gas) | Monthly | Varies - between $50 & $200 approximately | ACH transfer from checking; bill is sent electronically to treasurer@i3detroit.com. |
| DTE Energy (electricity) | Monthly | varies - approximately $2,000 | ACH transfer from checking; paper bill is mailed to 1481 Wordsworth |
| Wesfield Group (insurance) | Monthly | $63.58 | ACH transfer from checking |
| John Hutt (water) | Quarterly | Amt varies | ACH transfer from checking to Hutt Commercial Real Estate; Sherry Hutt emails copy of bill to Treasurer or Treasurer committee member who pays bills |