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    The document projects the cash receipts, disbursements, and budget for Tri-City Academy from February to May 2006. It is projected that tuition will be the largest source of cash receipts at $270,800. Payroll expenses for teachers and staff are projected to be the largest disbursement at $288,000. The projected cash flow is negative, with an ending cash balance of -$59,449 by May 2006.

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    The document projects the cash receipts, disbursements, and budget for Tri-City Academy from February to May 2006. It is projected that tuition will be the largest source of cash receipts at $270,800. Payroll expenses for teachers and staff are projected to be the largest disbursement at $288,000. The projected cash flow is negative, with an ending cash balance of -$59,449 by May 2006.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    39 views2 pages

    Nicole Reese SBA1

    Uploaded by

    ColeReese
    The document projects the cash receipts, disbursements, and budget for Tri-City Academy from February to May 2006. It is projected that tuition will be the largest source of cash receipts at $270,800. Payroll expenses for teachers and staff are projected to be the largest disbursement at $288,000. The projected cash flow is negative, with an ending cash balance of -$59,449 by May 2006.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Projected Cash Receipts for Tri-City Academy (Feb-May 2006)

    Item
    Tuition
    Athletic Fees
    Late Fees
    Telethon Income
    Foundation Grant
    State Grant
    Registration Fees
    Club Donations
    Pre-& Post-Care
    Store Certificate Sales
    Others
    TOTAL

    Month
    Feb
    Mar
    Apr
    May
    TOTAL
    $63,600
    $80,000
    $63,600
    $63,600
    $270,800
    $500
    $500
    $500
    $500
    $2,000
    $30
    $300
    $300
    $300
    $930
    $0
    $0
    $0
    $17,000
    $17,000
    $0
    $0
    $0
    $0
    $0
    $0
    $0
    $0
    $0
    $0
    $30,000
    $10,000
    $0
    $0
    $40,000
    $2,000
    $2,000
    $2,000
    $2,000
    $8,000
    $1,900
    $1,900
    $1,900
    $1,900
    $7,600
    $0
    $0
    $0
    $0
    $0
    $0
    $0
    $0
    $0
    $0
    $98,030

    $94,700

    $68,300

    $85,300

    $346,330

    $72,000
    $0
    $700
    $72,700
    $6,250

    $72,000
    $5,000
    $700
    $77,700
    $6,250

    TOTAL
    $288,000
    $7,656
    $2,800
    $298,456
    $25,000

    $750
    $350
    $1,000
    $100
    $0
    $3,000
    $450
    $1,200
    $300
    $2,250
    $0
    $0
    $1,800
    $11,200

    $750
    $350
    $1,000
    $100
    $0
    $3,000
    $450
    $1,200
    $300
    $2,250
    $0
    $2,400
    $0
    $11,800

    $2,987
    $1,482
    $7,501
    $600
    $6,625
    $13,160
    $1,816
    $5,200
    $1,272
    $8,580
    $8,500
    $4,800
    $1,800
    $64,323

    Projected Cash Disbursements for Tri-City Academy (Feb-May 2006)


    Month
    Item
    Feb
    Mar
    Apr
    Payroll Expense Teachers/Staff
    $72,000
    $72,000
    Substitute Teachers
    $0
    $2,656
    Retirement Withholdings
    $700
    $700
    Subtotal: Payroll and Other Employee Exp.
    $72,700
    $75,356
    Payment to Church
    $6,250
    $6,250
    Other Expenses:
    Copier
    $500
    $987
    PSI & IN Gas
    $220
    $562
    Misc.
    $500
    $5,001
    Repair and Maintenance
    $300
    $100
    Fundraising Expenses
    $0
    $6,625
    Office Supplies
    $1,600
    $5,560
    Postage
    $300
    $616
    Athletic
    $1,000
    $1,800
    Phone
    $400
    $272
    Supplies
    $3,000
    $1,080
    Yearbook and Ribbons
    $0
    $8,500
    Sports Banquet
    $0
    $2,400
    Testing Evaluation
    $0
    $0
    Total Other Expenses
    $7,820
    $33,503
    Store Certificate Remittance
    TOTAL REGULAR EXPENSES
    Capital Expenditure

    May

    $0

    $0

    $0

    $0

    $0

    $86,770

    $115,109

    $90,150

    $95,750

    $387,779

    $0

    $43,000

    $0

    $0

    $43,000

    TOTAL CASH DISBURSEMENT

    $86,770

    $158,109

    $90,150

    $95,750

    $430,779

    Projected Cash Budget (Feb-May 2006)

    Item
    Beginning Cash

    Month
    Feb
    Mar
    Apr
    May
    TOTAL
    $25,000.00 $36,260.00 -$27,149.00 -$48,999.00 N/A

    Cash Receipts
    Cash Dispersements
    +/- NET CASH FLOW
    = ENDING CASH FLOW

    $98,030.00 $94,700.00 $68,300.00 $85,300.00


    $86,770.00 $158,109.00 $90,150.00 $95,750.00
    $11,260.00 -$63,409.00 -$21,850.00 -$10,450.00
    $36,260.00 -$27,149.00 -$48,999.00 -$59,449.00

    $346,330.00
    $430,779.00
    -$84,449.00
    N/A

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