Question-and-Answer Session
Operator
(Operator Instructions). Our first question is from Michael Salinsky of RBC Capital Markets. Your line is open.
Michael Salinsky – RBC Capital Markets
Good morning guys and Simon thank you for the additional color on GSEs there. In your guidance for 2009, can you break out the impact you expect from the bulk cable and utility reimbursement programs, just so we can get an apples-to-apples comparison on a year-over-year basis?
James Andrew Taylor
Yeah, Michael, this is Drew. We’ve got really three things in 2009 that are adding value. One of those is bulk cable program as you mentioned, which our one connect bulk cable program, which adds about $500,000 in 2009 and that’s the number net of expenses. We've got an increase in our trash and pest fees that we executed in January. We moved our trash fees from $5 to $8 and our pest fees from $3 to $5 and that’s for all our new leases and renewals at about $800,000 in 2009. And then the third primary thing we have going on as a reduction of our screening costs, which are also netted in revenue through the addition of our second screening - present screening company which is about of a $300,000 effect.
Michael Salinsky – RBC Capital Markets
Okay that helpful. Eric several of your peers have mentioned they think 2010 maybe an equally challenging or even more challenging year. What are you initial thoughts just given the downturn right now and when me come out of that?
Eric Bolton
Well, Mike obviously it depends on what happens with the economy and the employment numbers and I don’t know, I think that, last time we went to a downturn it did last for couple of years, and the sector produced two years of negative NOI performance. I think that is likely the 2010 will indeed be another challenging year. I like to believe that by the last half or maybe by Q4 we really are starting to see things turnaround, but I do think that 2010 will likely be a challenging year, the severity evidence is I could began to really guess at it right now. Obviously we have to see what the government does and how they kind of response to lot of the plans and programs being discussed. But I would certainly think that this current downturn is going to be with us for a while.
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