CHAPTER I

EXECUTIVE SUMMARY
People with disabilities have been cast away from the society and
has no way to be respected and treated with dignity. Worst, they are
always neglected and seen as burden and added liability not just to their
families but to the government as well.
Choosing a school is a big decision for any parent to make. When
your child has a physical disability or with profound and multiple
learning disabilities, including autistic spectrum disorder and mental
retardation, it is even more crucial to find a school where you are
confident that your son or daughter will receive appropriate support and
care, alongside an excellent education.
While this is the case, the proponents decided to put up a school
for those kinds of students. They decided to open an institution that a
students total well being which possesses superior strength in their
holistic approach, while encompasses education, pastoral care, therapy,
medical support and independence training to the curriculum. They
decided to name it after St. Germaine, the Patron Saint of the disabled
people. True to its name, St. Germaine will be an institution that
sincerely and completely trains specially able students for them to
become a productive part of the dynamic community. It will be a beacon
of lope among those people who are neglected and oftentimes
misunderstood. Guided by the virtues, teachings and philosophy of its
model, the school will give relevant and highly applicable technical
knowledge with reference to their special skills which the school will
develop. The things that theyve gained during this entire stay in the
school will be fully applied once they are employed in some companies
which it has made an understanding memorandum. Upon graduation, the
1

student will be designated a particular job in which he can perform besthardware and software, trouble shooting, painting, handicrafts, etc.
The various types of disabilities that may qualify for the special
education programs are as follows: autism, mental retardation, speech or
language impairments, hearing impairments, visual impairments,
combined deafness and mute. It is a special school for people aged 7-35
years old.
The location has a lot size of 2,500 square meters to house a
facility with built-in classrooms, break-out rooms, cafeteria and other
amenities to facilitate a conducive learning environment. All students
will have an Individual Learning Plan tailored to their specific learning
needs. Services are based on ordinary life principles.
The financing figures or the schedule of items are listed and
computed as to materials needed. The initial capital will be P 1,000,000
which covers the total fix capital cost and total of pre-operating capital
expenditures.
Children and young people with a significant physical and/or
learning disability are often excluded from activities, others take them
for granted. The proponents believed that disabled people should
experience the benefits provided for normal people when it comes to
learning and social opportunities.
Specially-able people will no longer be a liability in the society
but a blessing in an extraordinary package. They will now be a prime
example of shared unity amid constraints, talent over appearance and
dignity over discrimination. The establishment of this institution fosters
a very good start in making an ideal society a reality.

CHAPTER II
INTRODUCTION
Disability defines as an umbrella term, covering impairments,
activity limitations and participation restriction. Impairment is a
problem in body function or structure; an activity limitation is a
difficulty encountered by an individual in executing a task or action;
while a participation restriction is a problem experienced by an
individual in involvement in life situations. Thus disability is a complex
phenomenon, reflecting an interaction between features of a persons
body and features of the society in which he or she lives.
Here in the Philippines, The total number of persons with
disability (PWDs) was 942,098 or 1.23% of the total population in the
country. 473,332 or about 50.24% were females and 468,766 or 49.76%
were males, based on the results of Census 2000. In terms of the
distribution across regions, Region IV-A Southern Tagalog has 1.27% of
PWDs .
Persons with disabilities have limited access to basic social
services. Access is a key problem when buildings are not constructed
according to code. Access to education, access to health care, access to
employment, and access to transportation are all severely limited for
persons with disabilities. But access questions go beyond the physical.

For example, there are very few schools in the Philippines that accept
children with disabilities because of lack of appropriate school facilities
and a lack of appropriately trained teachers. Date from NSO shows that
of the total PWDs, 5 years old and over, only 46.37% had attended or
completed elementary, 16.53% were high schools, 5.46% were college
graduates, 4.13% were academic degree holders 2.57% post secondary
education and only 1.26% reached at most pre-school.
That is the very main reason why the proponents realized to come
up with the idea of establishing a learning and training center for these
special people. It will carry a name St. Germaine School for Speciallyable People.

The aim of this project is to improve the life chances of

people with learning disabilities by giving them more opportunities that

they could capitalize their talents on. This only shows how the
institution will meet this commitment by working closely with local
councils, the health service, voluntary organizations and most
importantly with people with learning disabilities and their families to
provide new opportunities for those people with disabilities to lead full
and active lives.
Over-all improvement of a student is the mission of the
institution. It includes building their self confidence and helps them
develop their special skills to enable them to live normal and productive
lives. The challenge is not only on us but for all of us, to deliver the
4

vision set out in this project so the lives of many people with disabilities
will be brighter and more fulfilling.
As a business student, the study can actually done through
the process of researching, innovating methods and adopting various
system of marketing strategy to sustain the strong development of ideas.

CHAPTER III
MARKETING PLAN
Marketing is an activity, set of institutions and processes for
creating, communicating, delivering and exchanging offerings that have
value for customers, clients, partners and society at large. It is a unique
bundle of proactive and timely management decisions directed to satisfy
benefit and surprise customers in target markets and submarkets, meet
their needs and wants through innovative exchange of products goods
and services towards the early realization of desired goals, much ahead
and better than competitors.
A. SERVICE
St. Germaine is an institution for specially able people that has a
ladderized curriculum to enable them to meet the necessary learnings
and discipline they need such as IT, Massage Therapy, Electronics,
Handicrafts Training.
Different skills training programs are offered for disabled people
such as IT, Massage Therapy, Handicrafts and Electronic Trainings.
Moreover, people with down syndrome like autistics and
mongoloids will have to finish two sets of curriculums. First is the
primary level (which consists of three levels) in which they will acquire
mastery over the basic foundations of learning like reading, writing and
6

mathematics.

Whereas on the secondary levels, accomplished and

certified primary students will go on with their skills training based on

the assessment and recommendation of the coordinator.
B. TARGET MARKET
Area coverage. The proposed project is mainly focused in the
selected towns in Rizal primarily in Angono, Binangonan, Cardona
Taytay and Morong.
Table 1
Population of the Area Coverage
Blind
Binangonan

62

Deaf and
Mute
71

Physically
Disabled
213

Autistic
75

Down
Syndrome
45

Total
466

Angono

17

36

56

45

23

177

Cardona

17

19

53

Morong

14

26

35

10

91

Taytay

72

81

234

34

49

470

Total

171

231

557

168

130

1257

The table above shows the total population of specially able

people coming from Binangonan, Angono, Cardona, Morong and
Taytay.

Customer. The target market of the proposed institution is

divided into two sets. The first will be the disabled people such as blind,
mute, deaf, and lame. The other set of students will be the autistic and

other mentally handicapped people. The possible market of the two sets
mentioned above will be coming from Cardona, Binangonan and
Angono, Morong and Taytay.
C. DEMAND AND SUPPLY ANALYSIS
Demand is a schedule of various quantities of commodities
and services which buyers are willing and able to purchase at a given
price, time and place. On the other hand, supply is a schedule of various
commodities and services which sellers wishes to sell at given place,
price and time.
Table 2
Total Potential Demand
Visually Impaired
Target Market

Actual
Population

Total Potential Market Demand

Binangonan

62

25

Angono

17

Cardona

Morong

14

Taytay

72

29

Total

171

65

The table above shows the actual population of visually

impaired people coming from Binangonan, Angono, Cardona, Morong,
and Taytay with the total population of 171 and only 65 people will be
8

the potential market demand which is equivalent to 38% of the total

population.
Hearing/ Speech Impairment
Target Market

Actual
Population
71

Total Potential Market Demand

Angono

36

12

Cardona

17

Morong

26

Taytay

81

36

Total

231

85

Binangonan

28

The table above shows the actual population of

hearing/speech impaired people coming from the target market with the
total population of 231 and only 85 people will be the potential market
demand which is equivalent to 37% of the total population.
Physically Disabled
Target Market

Actual
Population
213

Total Potential Market demand

Angono

56

17

Cardona

19

Morong

35

11

Taytay

234

82

Total

557

178

Binangonan

64

The table above shows the actual population of physically

disabled people coming from the target market with the total population

of 557 with only 178 people is the potential market demand which is
equivalent to 32% of the total population.
Autistic
Target Market

Total population

Total Potential Market Demand

Binangonan

75

26

Angono

45

11

Cardona

Morong

Taytay

34

10

Total

168

50

The table above shows the actual population of autistic

people coming from the target market with the total population 168 with
only 50 people is the potential market demand which is equivalent to
30% of the total population.
Down syndrome
Target Market

Total population

Total Potential Market Demand

Binangonan

45

16

Angono

23

Cardona

Morong

10

Taytay

49

15

Total

130

42

10

The table above shows the actual population of down

syndrome people coming from the target market with the total
population 130 with only 42 people is the potential market demand
which is equivalent to 25% of the total population.

Total Potential Market Demand

Division of the Disability category

The figure shows the allocation of the 420 potential market

demands to the different disability (Visual Impairment, Hearing/Speech
Impairment, Physical Impairment, Autism, and Down syndrome).

Total potential market demand is composed of 420 people

who have a disability such as deaf, blind, mute, lame, autistic and down
syndrome but since the institution is just starting; only 200 of these
specially able persons can be accommodate by St. Germaine Institute.

11

Table 3
Estimated Capacity Demand

Visually Impaired

Total Potential Market

Demand
65

Capacity
40

Hearing/Speech
Impaired
Physically Disabled

85

50

178

60

Autistic

50

30

Down Syndrome
TOTAL

42
420

20
200

Capacity of Saint Germaine Institute

Competitors
St. Germaine Institute is in a generic competition. The
Public Schools that offers SpEd program are considered indirect
competitors since they are only focusing on SPED formal education.

12

There are no direct competitors because the proposed institution (St.

Germaine) is the only institution in Rizal that offers two different
curriculums for both disabled and down syndrome individuals.
D. PROJECTED SERVICE INCOME
Autism:
Monthly Tuition Fees

1,100.00

Multiply: Months

_____10

Annual Tuition Fees

11,000.00

Add: Down Payment

_6,000.00

Total

17,000.00

Multiply: No. of Students

20

Total Annual Tuition Fees

340,000.00

Down syndrome:
Monthly Tuition Fees
Multiply: Months

Php

1,100.00
_____10

Annual Tuition Fees

11,000.00

Add: Down Payment

_6,000.00

Total

17,000.00

Multiply: No. of Students

20

Total Annual Tuition Fees

340,000.00

13

Disabled:
IT (Information Technology)
Monthly Tuition Fees

Php

1,000.00

Multiply: Months

______5

Tuition Fees per Sem

5,000.00

Add: Down Payment

_5,000.00

Total

10,000.00

Multiply: Semester

Total

20,000.00

Multiply: No. of Students

20

Total Annual Tuition Fees

400,000.00

Electronics
Monthly Tuition Fees
Multiply: Months

Php

1,000.00
_____10

Tuition Fees per Sem

10,000.00

Add: Down Payment

_4,000.00

Total

14,000.00

Multiply: No. of Students

40

Total Annual Tuition Fees

560,000.00
14

Massage Therapy
Monthly Tuition Fees

Php

Multiply: Months

1,000.00
_____10

Tuition Fees per Sem

10,000.00

Add: Down Payment

_6,000.00

Total

16,000.00

Multiply: No. of Students

40

Total Annual Tuition Fees

640,000.00

Handicrafts
Monthly Tuition Fees

Php

750.00

Multiply: Months

_____10

Tuition Fees per Sem

7,500.00

Add: Down Payment

_2,500.00

Total

10,000.00

Multiply: No. of Students

40

Total Annual Tuition Fees

400,000.00

E. MARKETING STRATEGY
OWN MARKETING STRATEGY. The proponents will promote
the service of the school by using the Binangonan Journal as their
15

primary partner in promotion. This will be a sponsorship by the

Municipality of Binangonan. We will also post informative ads in
Angono, Binangonan, Cardona, Taytay and Morong. The proposed
project will also be launched in the World Wide Web. With browsing in
the website, the potential market will get to know more about the
project.
As one of the business strategies, the proponents will offer
discounts on tuition fees on the schools first ten enrollees.
COMPETITORS' MARKETING STRATEGY. The researchers
learned that SPED is only one of the programs offered by some public
schools; most of them are under the supervision of the government.
Most of the schools in Rizal use names that are new-to-ear of the people
to attract customers. They also utilize school pamphlets in promotion.
And since SpEd is a project of DepEd with cooperation to the
government particularly the Municipalities, promotions are done by
advertising in their official news paper.
F. MARKETING EXPENSE
The service will be incurring expenses in its advertisement and
promotional materials. Flyers and Pamphlets, as well as Tarpaulin, will
be given continuously to the target area of the institution to ensure the
stable market positioning and awareness. Also, the institution will
provide website or Electronic Commerce to penetrate the world of
16

internet. In this action, this institution will sustain the market

profitability and attracts customers over the internet.

17

CHAPTER IV
SERVICE/OPERATIONAL PLAN
A. SERVICE DESCRIPTION
St. Germaine primarily aims to open doors to people with
disabilities with wider opportunities that could afford them with a better
life. This institution provides quality education and training specifically
tailored to meet the personal requirements of these people.
For those students who are classified as disabled, they are offered
with various technical skills trainings that they can put into practice in
the future. These skills training will be on information technology,
electronics, massage therapy, handicrafts making and production and
special courses for music and the arts. Upon completion of the course,
they are going to be assessed for their over-all competence and readiness
to join the workforce.
They are to be provided with a Certification of Training duly
signed by the school and TESDA. The duration of training may range
from six months to a year or when it is specified by the assessor, i.e. the
resident clinical psychologist and a representative from TESDA.
For the second set of learners, the trainings will be on a one-onone basis. It is highly advised that a customized arrangement of
education be done to specially-able people. To substantiate their over-all
development, St. Germaine will offer General Knowledge Development
18

Program in its curriculum. After they have completed the GKD

program, they will have to further their education and development thru
skills training as the last part

of the learning process offered by the

institution. Trainings, as with the GKD program, will be on a one-onone basis to ensure that optimum development of the student is
achieved. For details on the curriculum offering, please see the
CURRICULUM aspect.

B. OPERATION SCHEDULE
Table 5
Subject Schedule
ROOM
1

TIME
9:00am-12:00am

1:00pm-4:00pm
9:00am-12:00am

3
4
5
6

1:00pm-4:00pm
9:00am-12:00nn
1:00pm-5:00pm
9:00am-12:00nn
1:00pm-5:00pm
9:00am-12:00nn
1:00pm-5:00pm
9:00am-12:00nn
1:00pm-5:00pm

SUBJECTS
General Knowledge
formation and Skills
training
General Knowledge
formation and Skills
training
Introduction to basic
computer
General electronics
Massage therapy
Handicrafts

19

C. CURRICULUM
Table 6
Physically Disabled
Course code

Course Description

1st year:
Information
technology

1st semester;
Introduction to basic
computer
MS Word
MS Excel
MS PowerPoint
nd
2 semester
Adobe Photoshop
Web Design
(HTML)
st
1 semester
Hardware
nd
2 semester;
Computer technician
General home electronics

2nd year:
Information
Technology
Electronics
Massage therapy
Handicrafts making

Wood carving
Accessories making
Stitching

Time
allotment/semester
5 months

5 months

5 months
5 months
5 months
5 months
5 months

Table 7
Mentally Disabled
Autistic Disorder
General Knowledge Formation
Skills Training

Down Syndrome
General Knowledge Formation
Skills Training

(individual training)

(individual Training)

D. LABOR REQUIREMENT

20

To start the operation the owner will need the following: a school
director who will supervise all the school activities and all the
personnel, a secretary/clerk who will do clerical works such as encoding
or data entry, filing, receiving and disseminating important documents to
the concerned personnel or department, one administrative officer
primarily be responsible for all corporate administration requirements
and shall ensure that the company complies with all its regulatory
obligations with government, local government, private sector
institutions, as well as to its employees and subcontractors, one clinical
therapist who will help the patients restore bodily functions, prevent
permanent disability, and relieve pain after an injury or illness, a
teachers who will be responsible for teaching the SpAb, a safety and
utility officer who will clean building floors by sweeping, mopping,
scrubbing, or vacuuming them and a security and safety officer who will
be guarding property against thievery, arson, property damage, and
terrorism.

E. MACHINERIES/ EQUIPMENT REQUIREMENT

The equipment of the institution composed of various sets of tools
that will be used in the service process of the Special Able (SpAb)
Education. The business will have eleven (11) Computers, two (2)

21

Televisions, three (3) Air Conditioners and four (4) Electric Fans. This
equipment will be attaining before the service operation.

F. LOCATION
The proposed establishment will be located at LRG Compound,
Quarry Road, Pantok, Binangonan, Rizal. The lot has an area of
2,500sqm. It has five buildings. The first building has three rooms; two
rooms are intended for those students with mental problems and the
other room is for the recreational activities. The second building has
four classrooms for students with disabilities for their regular class. The
third building is divided into two rooms one will serve as the school
director and second room will serve as the administrative office. The
fourth building will serve as the clinic and the last building will serve as
the quarter for security and safety officer and for utility and maintenance
officer.

22

G. LAY-OUT

23

H. WASTE DISPOSAL SYSTEM

Waste that can be reused will be recycled. And other wastes that
were unusable will dispose off, to be collected by the local government
unit which were periodically collecting garbage in the area.

I. SERVICE CONTROL
The institution will hire licensed teachers for teaching and
training the skills of those autistic and mongoloid students, for disable
students there is a permanent teacher in different courses offered.
Teacher for the special courses offered will also be hired by the
administration of Saint Germaine.

J. SERVICE COST
Table 8
SALARY OF THE PART-TIME TEACHER
Part-time

Monthly

Annual

Personnel
Teacher

TOTAL
Salary

Salary

Training skills

13,000.00

130,000.00

260,000.00

Special courses

10,000.00

100,000.00

100,000.00

CHAPTER V
24

ORGANIZATION/MANAGEMENT PLAN
A. LEGAL FORM OF BUSINESS
The proposed project is a small service type business, which is the
very main reason why the proponents chose sole proprietorship as their
form of business. Sole proprietorship is a form of business organization
which has a single owner called the proprietor who generally is the
manager at the same time. The owner receives all profits, absorbs all
losses and is solely responsible for all the debts of the business.

B. ORGANIZATION STRUCTURE
Organizational structure is mainly hierarchical concept of
subordination of entities that collaborate and contribute to serve one
common aim.
Organizations are a variant of clustered entities. An organization
can be structured in many different ways and styles, depending on their
objectives and ambiance. The structure of an organization will
determine the modes in which it operates and performs.

25

ORGANIZATION STRUCTURE OF SAINT GERMAINE INSTITUTE

SCHOOL
DIRECTOR
SECRETARY /
CLERK

I.T
TEACHER

MASSAGE
THERAPY
TEACHER

HANDICRAFTT
EACHER

ELECTRONIC
TEACHER

ADMINISTRATIVE
OFFICER

CLINICAL
THERAPIST

2 TEACHERS
(AUTISTIC
AND DOWN
SYNDROME)

SECURITY
AND SAFETY
OFFICER

Figure 3

26

UTILITY AND
MAINTENANCE
OFFICER

C. QUALIFICATIONS OF PERSONNEL
Table 8

POSITION

QUALIFICATIONS
Masters degree from an accredited
college and university with
specialization in the areas of
administration, supervision, and
evaluation of educational programs

SCHOOL
DIRECTOR

NO.
1

Five or more years of school

administration experience
Experience as a classroom teacher
preferred

SECRETARY
CLERK

Bilingual(Filipino& English) preferred

Candidate must be a college level in the
1
fields of Business Studies/
Administration/Management,
Finance/Accountancy/Banking,
Secretarial courses

Preferably 1-3 Yrs Experienced

Employees specializing in
Clerical/Administrative Support or
equivalent.

Female; not more than 30 years old;

With good (oral & written)

communication skills;

Has the initiative; can do multitasking and can work under pressure

Team-Player, Detail-Oriented and

27

Result Oriented

ADMINISTRATIVE
OFFICER

CLINICAL
THERAPIST

TEACHERS

Flexible and willing to do field work, as

necessary.
Applicants must be willing to work in
Pantok, Binangonan, Rizal
Bachelors degree in management,
1
accountancy or other relevant fields
from a reputable college or university
Female, 24-28 years old with at least 2
years demonstrated experience in the
performance of the above mentioned
tasks
With a pleasing personality, good
interpersonal communication skills and
good command of the English language
Trustworthy and dynamic individual
and a proven team player
A proactive individual who can perform
her tasks with minimal supervision

Licensed Physical Therapist with

Bachelor's Degree in the said
profession
Minimum of 5 years experience in
Physical Therapy and its related
specialties
Physically fit
With excellent patient care skills
Excellent oral and written
communication skills
24 to 42 years old
must be creative and apply different
types of teaching methods to reach
students who are having difficulty
learning

Graduate of BSE major in special

28

education.

UTILITY
AND
MAINTENANCE
OFFICER

Must be organized, patient, and able to

motivate students, understanding of
their students' special needs, and
accepting of differences in others.
At least high school graduate

Hardworking, industrious, polite

Patient and understanding

SECURITY
AND
SAFETY OFFICER

Should have exceptional vision and

hearing.

Have completed a set amount of time of

weapons training.
Physical fit
Hardworking, industrious, polite
Patient and understanding
Table 9
DESCRIPTION
SCHOOL DIRECTOR
Supervise all activities and all personnel
Administer policies of the council
Provides initiative and technical guidance for the improvement of the
school program
Oversees staff responsibilities
Assists teacher in implementing school discipline policy
29

SECRETARY / CLERK
Doing clerical works such as encoding or data entry, filing, receiving and
disseminating important documents to the concerned personnel or
department;
Accepting phone calls or inquiries and making follow-up call to clients, as
needed;
Able to compose business letters for general correspondence;
Provide administrative support and assistance to the immediate superior
ADMINISTRATIVE OFFICER
The Administrative Officer shall primarily be responsible for all
corporate administration requirements and shall ensure that the company
complies with all its regulatory obligations with government, local
government, private sector institutions, as well as to its employees and
subcontractors. Specifically, she shall:

Attend to all SSS, PhilHealth, Pag-ibig requirements and

obligations of the company.

Attend to all government regulatory body requirements including

SEC, Local Government, etc. and ensure compliance to all related laws
and regulations.

Assist the Finance Officer and external CPA on BIR requirements and
ensure timely compliance
Monitor payments for SSS, PhilHealth, Pag-ibig, BIR, etc.
Attend to staff concerns and requirements related to their SSS, Philhealth,
Pag-ibig contributions/transactions, etc. as well as to any related insurance
claims, etc.
Oversee the preparation and timely distribution of withholding tax
certificates to staff and consultants.
CLINICAL THERAPIST
Physical Therapists help patients restore bodily functions, prevent

permanent disability, and relieve pain after an injury or illness. Therapy

can include work and massage to increase strength, coordination, and
30

range of motion. Therapists also apply traction and heat, cold, light, and
water treatments. They also train patients to use prosthetic and othotic
appliances
TEACHERS
Have expert knowledge of their subject area
Teach outside of traditional subject and grade level confines
Demonstrate a commitment to differentiating instruction and a willingness
to adapt teaching to recognize alternative learning styles
Use cooperative group work and constructivist learning as primary
instructional approaches
Assess student effort and learning through authentic assessment and
portfolios as well as standardized tests
Collaborate in interdisciplinary planning and team teaching
Serve as a student advisor to a multi-grade, small student advisory group
during their tenure at the school and attend professional meetings to support
this work
Work closely with families to support the academic, social and emotional
growth of students
Use technology inside and outside of the classroom
UTILITY AND MAINTENANCE OFFICER
Clean building floors by sweeping, mopping, scrubbing, or vacuuming
them.
Gather and empty trash.
Service, clean, and supply restrooms.
Clean and polish furniture and fixtures.
Dust furniture, walls, machines, and equipment.
Make adjustments and minor repairs to heating, cooling, ventilating,
plumbing, and electrical
SECURITY AND SAFETY OFFICER
Guard property against thievery, arson, property damage, and terrorism
Testify in court
Act as property law enforcer
Contact police, fire, or emergency medical services via radio and
telephone

31

D. EQUIPMENTS
The proposed project will need eleven (11) computers units one (1) is
for the office of school director and ten (10) units for I.T room, 2 television
for recreational room, 3 units of air conditioners and at least 4 electric fans.

32

E. GANTT CHART

33

January

February

March

April

May

June

July

General
Project
Planning
Sourcing
of
Financial
Requirement
Securing Permits
and Licenses
Rental Land,
Renovation
and
Improvement
of
Building
Acquisition
of
equipment, tools,
machineries
Hiring and
Orientation of the
Teaching Staff and
Utilities and
Maintenance Crew
Start of Operation

34

August

September

October

CHAPTER VI
FINANCIAL PLAN
Finances are the life blood of the business. This uses cost-benefit
analyses on the finances of a business. Financial estimates will prove the
probability, viability and flexibility of the proposed project.
A.TOTAL PROJECT COST
The total project cost is the requirement in financing the business.
St. Germaine Institute is a proprietary educational institution which is
projected to have Php 897,341.00 as its project cost which will come from
the initial investment. The table shows the breakdown of the cost.
Rentals of Land and Buildings
Land and Building Improvements
Supplies
Equipments
Furniture and Fixtures
Pre-Operating Expenses
TOTAL

Php 300,000.00
100,000.00
127,166.00
339,150.00
19,875.00
11,150.00
Php 897,341.00

B. SOURCES OF FINANCING
St. Germaine will be a privately owned educational institution.
The sole Owner of the institution will invest Php. 1,000,000.00 as the initial
capital. The owner may acquire this capitalization by his personal cash and
also from credit companies.

35

C. LIST OF ASSUMPTIONS
The Institution will use assumptions in order to prove the profitability,
Feasibility and viability of the proposed business. The following are the
assumptions provided by the institution.
1. The Institution will be a sole proprietorship form of business.
2. The service income will be coming from the tuition fees of the
students which include some fiduciary and miscellaneous fees which
are projected to increase by 15 % every four academic years of the
institution.
3. The equipments and furniture and fixtures will be depreciating by
using the straight-line method.
4. The supplies will be subject for 5% increase annually as the institution
expects an increase in the number of enrollees.
5. The acquisition of equipments and furniture and fixtures will be 75%
cash and 25% on account for the first year, which is expected to
decrease by 5% annually.
6. As to the agreement with the owner of the land the rent will increase
by 3% annually.
7. The salaries of the teaching staffs and the utilities and maintenance
personnel will also increase by 5% annually.

36

8. Advertising expense will increase by 2% annually.

9. Accounts Receivable will be 3% of the service income annually.
10. The sole owner of the institution will be allowed to withdraw
annually equal to 5% of the capital balance after net income net of tax.
11.The teachers and trainers will receive benefits from SSS, Pag-Ibig and
PhilHealth except for the guard, secretary/clerk and the utilities as
they are hired from an agency.
12.The Institution will be subject for 10% income tax for it falls under
the category of proprietary educational institution with no other
unrelated business.

37

D. PROJECTED FINANCIAL STATEMENTS

St. Germaine Institute
Projected Income Statement
For the Academic Year Ended September 30, 20__

Service Income
Less: Pre-Operating Expenses
Operating Expenses
Rent Expense
Salaries Expense
Depreciation Expense-Equipment
Depreciation Expense-F&F
Office Supplies Expense
School Supplies Expense
Recreational Supplies Expense
Medical Supplies Expense
SSS Contributions Expense
Phil Health Insurance Expenses
Pag-Ibig Premium Expenses
Advertising Expense
Net Income Before Tax
Less: Income Tax
NET INCOME AFTER TAX

Service Income
Less: Pre-Operating Expenses
Operating Expenses
Net Income Before Tax
Less: Income Tax

Sch.
1
2

2011
2,680,000.00
111,150.00

2012
3,080,000.00

2013
3,080,000.00

2014
3,542,000.00

2015
3,542,000.00

3
4
5
6

300,000.00
1,220,000.00
73,880.00
8,450.00
2,516.00
5,150.00
4,000.00
11,400.00
73,731.00
12,750.00
12,042.16
102,850.00
742,080.84
74,208.08
667,872.76

309,000.00
1,281,000.00
73,880.00
8,450.00
2,641.80
5,407.50
4,200.00
11,970.00
77,417.55
13,387.50
12,644.27
104,907.00
1,175,094.38
117,509.44
1,057,584.94

318,270.00
1,345,050.00
73,880.00
8,450.00
2,773.89
5,677.88
4,410.00
12,568.50
81,288.43
14,056.88
13,276.48
107,005.14
1,093,292.81
109,329.28
983,963.53

327,818.10
1,412,302.50
73,880.00
8,450.00
2,912.58
5,961.77
4,630.50
13,196.93
85,352.85
14,759.72
13,940.31
109,145.24
1,469,649.51
146,964.95
1,322,684.56

337,652.64
1,482,917.63
73,880.00
8,450.00
3,058.21
6,259.86
4,862.03
13,856.77
89,620.49
15,497.70
14,637.32
111,328.15
1,379,979.20
137,997.92
1,241,981.28

2,680,000.00
111,150.00
1,826,769.16
742,080.84
74,208.08

3,080,000.00
1,904,905.62
1,175,094.38
117,509.44

3,080,000.00
1,986,707.19
1,093,292.81
109,329.28

3,542,000.00
2,072,350.49
1,469,649.51
146,964.95

3,542,000.00
2,162,020.80
1,379,979.20
137,997.92

7
8
9
9
9
20
18

38

NET INCOME AFTER TAX

667,872.76

1,057,584.94

983,963.53

1,322,684.56

1,241,981.28

St. Germaine Institute

Projected Statement of Cash Flow
As of the Academic Year Ended September 30, 20__
Net Income after Tax
Add: Depreciation-Equipment
Depreciation-Furniture & Fixtures
Total

2011
667,872.76
73,880.00
8,450.00
750,202.76

2012
1,057,584.94
73,880.00
8,450.00
1,139,914.94

2013
983,963.53
73,880.00
8,450.00
1,066,293.53

2014
1,322,684.56
73,880.00
8,450.00
1,405,014.56

2015
1,241,981.28
73,880.00
8,450.00
1,324,311.28

Add: Increase (Decrease)

Cash Flows from Operating Activities
Accounts Receivable
Office Supplies
School Supplies
Recreational Supplies
Medical Supplies
Accounts Payable
SSS Contributions Payable
Phil Health Insurance Payable
Pag-Ibig Premium Payable
Income Tax Payable
Net Cash Balance from Operating Activities

(80,400.00)
(2,516.00)
(90,650.00)
(22,600.00)
(11,400.00)
88,425.00
73,731.00
12,750.00
12,042.16
74,208.08
803,793.00

(12,000.00)
(125.80)
(4,532.50)
(1,130.00)
(570.00)
(17,685.00)
3,686.55
637.50
602.11
43,301.35
1,152,099.16

(132.09)
(4,759.13)
(1,186.50)
(598.50)
(17,685.00)
3,870.88
669.38
632.21
(8,180.16)
1,038,924.62

(13,860.00)
(138.69)
(4,997.08)
(1,245.83)
(628.42)
(17,685.00)
4,064.42
702.84
663.83
37,635.67
1,409,526.29

(145.63)
(5,246.93)
(1,308.11)
(659.84)
(17,685.00)
4,267.64
737.98
697.01
(8,967.03)
1,296,001.37

Cash Flows from Investing Activities

Furnitures and Fixtures

(26,500.00)

132,103.20

174,696.22

232,095.64

282,589.92

Equipment

(452,200.00)

Net Cash Balance from Investing Activities

(478,700.00)

Cash Flows from Investing Activities

Owner's Capital
Owner's Drawings
Net Cash Balance from Investing Activities
Net Cash Balance
Add: Beginning Balance

1,000,000.00
83,393.64
916,606.36
1,241,699.36

(132,103.20)
1,019,995.95
1,241,699.36

(174,696.22)
864,228.40
2,261,695.32

(232,095.64)
1,177,430.65
3,125,923.72

(282,589.92)
1,013,411.45
4,303,354.37

39

Cash Balance, end

1,241,699.36

2,261,695.32

3,125,923.72

4,303,354.37

5,316,765.82

St. Germaine Institute

Projected Statement of Financial Position
As of the Academic Year Ended September 30, 20__
Sch
ASSETS
Cash
Accounts Receivable
Office Supplies
School Supplies
Recreational Supplies
Medical Supplies
Furnitures and Fixtures
Less: Accum. Depreciation
Equipment
Less: Accum. Depreciation
TOTAL ASSETS
LIABILITIES AND OWNER'S EQUITY
LIABILITIES
Accounts Payable
SSS Contributions Payable
Phil Health Insurance Payable
Pag-Ibig Premium Payable
Income Tax Payable
TOTAL
OWNER'S EQUITY
Beginning Balance
Add: Net Income
TOTAL
Less: Drawings
Ending Balance

10
11
12
13
14
15
6
16
5

17
9
9
9
18

19

2011

2012

2013

2014

2015

1,241,699.36
80,400.00
2,516.00
90,650.00
22,600.00
11,400.00
26,500.00
(8,450.00)
452,200.00
(73,880.00)
1,845,635.36

2,261,695.32
92,400.00
2,641.80
95,182.50
23,730.00
11,970.00
26,500.00
(16,900.00)
452,200.00
(147,760.00)
2,801,659.62

3,125,923.72
92,400.00
2,773.89
99,941.63
24,916.50
12,568.50
26,500.00
(25,350.00)
452,200.00
(221,640.00)
3,590,234.23

4,303,354.37
106,260.00
2,912.58
104,938.71
26,162.33
13,196.93
26,500.00
(33,800.00)
452,200.00
(295,520.00)
4,706,204.91

5,316,765.82
106,260.00
3,058.21
110,185.64
27,470.44
13,856.77
26,500.00
(42,250.00)
452,200.00
(369,400.00)
5,644,646.89

88,425.00
73,731.00
12,750.00
12,042.16
74,208.08
261,156.24

70,740.00
77,417.55
13,387.50
12,644.27
117,509.44
291,698.76

53,055.00
81,288.43
14,056.88
13,276.48
109,329.28
271,006.07

35,370.00
85,352.85
14,759.72
13,940.30
146,964.95
296,387.81

17,685.00
89,620.49
15,497.70
14,637.32
137,997.92
275,438.44

1,000,000.00
667,872.76
1,667,872.76
83,393.64
1,584,479.12

1,584,479.12
1,057,584.94
2,642,064.06
132,103.20
2,509,960.86

2,509,960.86
983,963.53
3,493,924.39
174,696.22
3,319,228.17

3,319,228.17
1,322,684.56
4,641,912.72
232,095.64
4,409,817.09

4,409,817.09
1,241,981.28
5,651,798.37
282,589.92
5,369,208.45

40

TOTAL LIABILITIES AND

OWNER'S EQUITY

1,845,635.36

2,801,659.62

3,590,234.23

4,706,204.90

5,644,646.89

Schedule 1
Service Income
Down
Payment

Monthly

Annual/per
sem

General Knowledge
Down Syndrome

6,000.00

1,100.00

17,000.00

340,000.00

340,000.00

340,000.00

391,000.00

391,000.00

General Knowledge
Disable

6,000.00

1,100.00

17,000.00

340,000.00

340,000.00

340,000.00

391,000.00

391,000.00

IT

5,000.00

1,000.00

20,000.00

400,000.00

800,000.00

800,000.00

920,000.00

920,000.00

Electronics

4,000.00

1,000.00

14,000.00

560,000.00

560,000.00

560,000.00

644,000.00

644,000.00

Massage theraphy

6,000.00

1,000.00

16,000.00

640,000.00

640,000.00

640,000.00

736,000.00

736,000.00

Handicrafts

2,500.00

750.00

10,000.00

400,000.00

400,000.00

400,000.00

460,000.00

460,000.00

2,680,000.00

3,080,000.00

3,080,000.00

3,542,000.00

3,542,000.00

2011

2012

2013

2014

2015

Autism

TOTAL

E. SCHEDULES

41

Schedule 2
Pre-Operating Expenses
Land and Building Improvements
Legal Fees and Licenses

100,000.00
Mayor's Permit
Business Permit
Sanitary Permit
Plumbing Permit
Electrical Permit
Fire/Safety Permit

500.00
500.00
250.00
150.00
350.00
200.00

1,950.00

Electricity
Water
Telephone/Internet

1,500.00
1,500.00
1,200.00

4,200.00

Installation Cost

Schedule
3
Accreditation
Fee
Rent Expense

TESDA
TOTAL

Monthly Rental

2011

2012

25,000.00

25,750.00

Multiply: Months

12

ANNUAL RENTALS

5,000.00
111,150.00
2013

300,000.00

26,522.50

12
309,000.00

12
318,270.00

2014

2015

27,318.18

28,137.72

12
327,818.10

12
337,652.64

Schedule 4
Salaries Expense
Personnel

Monthly
Salary

Annual
Salary

2011

2012

2013

2014

2015

15,
000.00

150,0
00.00

150,000
.00

157,500
.00

165,375.
00

173,643.
75

182,32
5.94

Teachers
IT

42

Massage Therapy

Electronics

Handicrafts

General Knowledge

Clinical Therapist

Secretary/clerk

Security

Utility

Administrative

12,
000.00
10,
000.00
10,
000.00
15,
000.00
17,
000.00
7,
000.00
8,
000.00
2,
500.00
10,
000.00

TOTAL

120,0
00.00
100,0
00.00
100,0
00.00
300,0
00.00
170,0
00.00
70,0
00.00
160,0
00.00
50,0
00.00
100,0
00.00

120,000
.00
100,000
.00
100,000
.00
300,000
.00
170,000
.00
70,000
.00
160,000
.00
50,000
.00
100,000
.00
1,220,00
0.00

126,000
.00
105,000
.00
105,000
.00
315,000
.00
178,500
.00
73,500
.00
168,000
.00
52,500
.00
105,000
.00
1,281,000
.00

132,300.
00
110,250.
00
110,250.
00
330,750.
00
187,425.
00
77,175.
00
176,400.
00
55,125.
00
110,250.
00
1,345,050.
00

138,915.
00
115,762.
50
115,762.
50
347,287.
50
196,796.
25
81,033.
75
185,220.
00
57,881.
25
115,762.
50
1,412,302
.50

145,86
0.75
121,55
0.63
121,55
0.63
364,65
1.88
206,63
6.06
85,08
5.44
194,48
1.00
60,77
5.31
121,55
0.63
1,482,91
7.63

Schedule 5
Schedule 6
Depreciation Expense- Equipments
Depreciation Expense- Furniture and Fixtures
Description
Description
Computer
Filing Cabinet
Book Shelves
Television
Set
AirTable
Conditioner
Kiddie Tables
Electrical Fans
DVD Player
TOTAL DEPRECIATION

Cost
Depreciable
Useful
Years
Cost Salvage Value
Depreciable
Amt. Amt. Useful
Years
275,000.00
60,000.00
215,000.00
3,000.00
3,000.00
5 5
3,000.00
3,000.00
5 5
20,000.00
5,000.00
15,000.00
3,000.00
3,000.00
3 6
150,000.00
150,000.00
4,000.00
4,000.00
2.5
3,200.00
3,200.00
2.5
4,000.00
4,000.00
2.5

Depreciation
Depreciation
43,000.00
600.00
600.00
3,000.00
1,000.00
25,000.00
1,600.00
1,280.00
1,600.00
73,880.00

43

Drafting Tables
Sofa
Hospital Beds
TOTAL DEPRECIATION

4,500.00
4,000.00
5,000.00

4,500.00
4,000.00
5,000.00

2.5
2.5
4

1,800.00
1,600.00
1,250.00
8,450.00

Schedule 7
School Supplies Expense
2011
2,000.00
800.00
800.00
800.00
750.00
5,150.00

Writing Materials
Coloring Books
Coloring Materials
White Board Markers
Inks
TOTAL

2012
2,100.00
840.00
840.00
840.00
787.50
5,407.50

2013
2,205.00
882.00
882.00
882.00
826.88
5,677.88

2014
2,315.25
926.10
926.10
926.10
868.22
5,961.77

2015
2,431.01
972.41
972.41
972.41
911.63
6,259.86

2012

2013

2014

2015

Schedule 8
Recreational Supplies Expense
2011
Used

Schedule 9
SSS Contributions Payable
2011

4,000.00

Personnel

IT

Massage Therapy

Electronics

Salary
15,0
00.00
12,0
00.00
10,0
00.00

4,200.00

4,410.00

SSS
ER

EC

4,630.50

Pag-Ibig

4,862.03

PhilHealth
ER

1,090.00

15.80

157.89

187.50

858.00

12.64

126.31

150.00

716.70

10.53

105.26

125.00

44

Handicrafts

General Knowledge

Clinical Therapist

Administrative
TOTAL
Multiply:
TOTAL CONTRIBUTION

2012

Personnel

IT

Massage Therapy

Electronics

Handicrafts

General Knowledge

Clinical Therapist

Administrative
TOTAL
Multiply:
TOTAL CONTRIBUTION

10,0
00.00
15,0
00.00
17,0
00.00
10,0
00.00

Salary
15,7
50.00
12,6
00.00
10,5
00.00
10,5
00.00
15,7
50.00
17,8
50.00
10,5
00.00

716.70

10.53

105.26

125.00

2,180.00

31.59

315.78

375.00

1,095.00

17.90

178.94

187.50

10.53
109.51
10
1,095.12

105.26
1,094.70
10
10,947.04

716.70
7,373.10
10
73,731.00
SSS
ER

Pag-Ibig
EC

125.00
1,275.00
10
12,750.00
PhilHealth

ER

1,144.50

16.58

165.78

196.88

900.90

13.27

132.63

157.50

752.54

11.06

110.52

131.25

752.54

11.06

110.52

131.25

2,289.00

33.17

331.57

393.75

1,149.75

18.80

187.89

196.88

752.54
7,741.76
10
77,417.55

11.06
114.99
10
1,149.88

110.52
1,149.44
10
11,494.39

131.25
1,338.75
10
13,387.50

45

46

2013

Personnel

Salary

SSS

Pag-Ibig

ER

EC

PhilHealth
ER

IT

16,537.50

1,201.73

17.41

174.07

206.72

Massage Therapy

13,230.00

945.95

13.93

139.26

165.38

Electronics

11,025.00

790.16

11.61

116.05

137.81

Handicrafts

11,025.00

790.16

11.61

116.05

137.81

General Knowledge

16,537.50

2,403.45

34.83

348.15

413.44

Clinical Therapist

18,742.50

1,207.24

19.74

197.28

206.72

Administrative

11,025.00

TOTAL

790.16

11.61

116.05

137.81

8,128.84

120.74

1,206.91

1,405.69

Multiply:

10

TOTAL CONTRIBUTION
2014

81,288.43
Personnel

Salary

10
1,207.37

SSS

10
12,069.11

Pag-Ibig

ER

EC

10
14,056.88
PhilHealth

ER

IT

17,364.38

1,261.81

18.28

182.78

217.05

Massage Theraphy

13,891.50

993.24

14.63

146.22

173.64

Electronics

11,576.25

829.67

12.19

121.85

144.70

Handicrafts

11,576.25

829.67

12.19

121.85

144.70

General Knowledge

17,364.38

2,523.62

36.57

365.55

434.11

Clinical Theraphist

19,679.63

1,267.60

20.72

207.15

217.05

Administrative

11,576.25

829.67

12.19

121.85

144.70

8,535.28

126.77

1,267.26

1,475.97

TOTAL
Multiply:
TOTAL CONTRIBUTION

10
85,352.85

10
1,267.74

10
12,672.57

10
14,759.72

47

2015

Personnel

Salary

SSS

Pag-Ibig

ER

EC

PhilHealth
ER

IT

18,232.59

1,324.90

19.20

191.92

227.91

Massage Therapy

13,891.50

1,042.90

15.36

153.53

182.33

Electronics

11,576.25

871.15

12.80

127.94

151.94

Handicrafts

11,576.25

871.15

12.80

127.94

151.94

General Knowledge

17,364.38

2,649.80

38.40

383.83

455.81

Clinical Therapist

19,679.63

1,330.98

21.76

217.51

227.91

Administrative

11,576.25

871.15

12.80

127.94

151.94

8,962.05

133.11

1,330.62

1,549.77

TOTAL
Multiply:

10

TOTAL CONTRIBUTION

89,620.49

10
1,331.13

10
13,306.20

10
15,497.70

Schedule 10
Accounts Receivable
2011
Service Income
A/R rate
Accounts Receivable

2012

2,680,000.00
3%
80,400.00

2013

3,080,000.00
3%
92,400.00

2014

3,080,000.00
3%
92,400.00

2015

3,542,000.00
3%
106,260.00

3,542,000.00
3%
106,260.00

48

Schedule 11
Office Supplies
Quantity
Bond Paper

13rims

Folders
Pens

Cost
150.00

100

3.50

3boxes

72.00

TOTAL

2011
1,950.0
0
350.0
0
216.0
0
2,516.0
0

2012

2013

2014

2015

2,047.50

2,149.88

2,257.37

2,370.24

367.50

385.88

405.17

425.43

226.80

238.14

250.05

262.55

2,641.80

2,773.89

2,912.58

3,058.21

Schedule 12
School Supplies
2011
Writing Materials

2012

2013

2014

2015

2,000.00

2,100.00

2,205.00

2,315.25

2,431.01

60,000.00

63,000.00

66,150.00

69,457.50

72,930.38

Coloring Books

800.00

840.00

882.00

926.10

972.41

Coloring Materials

800.00

840.00

882.00

926.10

972.41

18,000.00

18,900.00

19,845.00

20,837.25

21,879.11

White Board Markers

800.00

840.00

882.00

926.10

972.41

Inks

750.00

787.50

826.88

868.22

911.63

7,500.00

7,875.00

8,268.75

8,682.19

9,116.30

Textbooks

White Board

Fire Extinguisher

49

TOTAL

90,650.00

95,182.50

99,941.63

104,938.71

110,185.64

Schedule 13
Recreational
Supplies
Quantity
Lego

10

Puzzle Mats
Educational DVDs
Balls Small
Medium

4
30
100
20

Volleyball

Basketball

Cost
400.0
0
1,500.0
0
250.0
0
20.0
0
50.0
0
300.0
0
400.0
0

TOTAL

2011
4,000.0
0
6,000.0
0
7,500.0
0
2,000.0
0
1,000.0
0
900.0
0
1,200.0
0
22,600.0
0

2012
4,200.0
0
6,300.0
0
7,875.0
0
2,100.0
0
1,050.0
0
945.0
0
1,260.0
0
23,730.0
0

2013
4,410.0
0
6,615.0
0
8,268.7
5
2,205.0
0
1,102.5
0

2011
2,400.0
0
9,000.0
0
11,400.0
0

2012
2,520.0
0
9,450.0
0
11,970.0
0

2013
2,646.0
0
9,922.5
0
12,568.5
0

992.25
1,323.0
0
24,916.5
0

2014
4,630.50
6,945.75
8,682.19
2,315.25
1,157.63
1,041.86
1,389.15
26,162.33

2015
4,862.
03
7,293.
04
9,116.
30
2,431.
01
1,215.
51
1,093.
96
1,458.
61
27,470.
44

Schedule 14
Medical Supplies
Quantity
Diaper
Medical Kit
TOTAL

12packs
6

Cost
200.0
0
1,500.0
0

2014
2,778.30
10,418.63
13,196.93

2015
2,917
.22
10,939
.56
13,856
.77

50

Schedule 15
Furniture and Fixtures
Quantity

Cost

2011

2012

Filing Cabinet

1,500.00

3,000.00

3,000.00

Book Shelves

1,500.00

3,000.00

3,000.00

Table

1,500.00

3,000.00

3,000.00

Kiddie Tables

10

400.00

4,000.00

4,000.00

Drafting Tables

1,500.00

4,500.00

4,500.00

Sofa

4,000.00

4,000.00

4,000.00

Hospital Beds

1,000.00

5,000.00

5,000.00

26,500.00

26,500.00

TOTAL

2013
3,000.0
0
3,000.0
0
3,000.0
0
4,000.0
0
4,500.0
0
4,000.0
0
5,000.0
0
26,500.0
0

2014

2013
275,000.0
0
20,000.0
0
150,000.0
0
3,200.0
0
4,000.0
0

2014

3,000.00
3,000.00
3,000.00
4,000.00
4,500.00
4,000.00
5,000.00
26,500.00

2015
3,000.
00
3,000.
00
3,000.
00
4,000.
00
4,500.
00
4,000.
00
5,000.
00
26,500.
00

Schedule 16
Equipments
Quantity
Computer

11

Television Set

Air Conditioner

Electrical Fans

DVD Player

Cost
25,000.0
0
10,000.0
0
50,000.0
0
800.0
0
2,000.0
0

2011
275,000.
00
20,000.
00
150,000.
00
3,200.
00
4,000.
00

2012
275,000.0
0
20,000.0
0
150,000.0
0
3,200.0
0
4,000.0
0

2015

275,000.00

275,000.00

20,000.00

20,000.00

150,000.00

150,000.00

3,200.00

3,200.00

4,000.00

4,000.00

51

452,200.
00

TOTAL

452,200.0
0

452,200.0
0

452,200.00

452,200.00

Schedule 17
Accounts Payable
2011
Furniture and Fixtures

2012

2013

2014

2015

6,625.00

5,300.00

3,975.00

2,650.00

1,325.00

Equipments

81,800.00

65,440.00

49,080.00

32,720.00

16,360.00

TOTAL

88,425.00

70,740.00

53,055.00

35,370.00

17,685.00

Schedule 18
Income Tax
2011
Net Income
Tax Rate
Income Tax

2012

742,080.84

2013

1,175,094.38

10%

10%

74,208.08

117,509.44

2011

2012

2014

1,093,292.81
10%
109,329.28

2015

1,469,649.51

1,379,979.20

10%
146,964.95

10%
137,997.92

Schedule 19
Owner's Drawings
Capital Balance After Net Income
and after Tax
Drawing rate
Owner's Drawings

1,667,872.76
5%
83,393.64

2,642,064.06
5%
132,103.20

2011
25,000.00

2012
25,500.00

2013
3,493,924.39
5%
174,696.22

2014
4,641,912.72
5%
232,095.64

2015
5,651,798.37
5%
282,589.92

Schedule 20
Advertising Expense
Flyers/Pamplets

2013
26,010.00

2014
26,530.20

2015
27,060.80

52

Tarpaulins
E-Commerce
TOTAL

60,000.00
17,850.00
102,850.00

61,200.00
18,207.00
104,907.00

62,424.00
18,571.14
107,005.14

63,672.48
18,942.56
109,145.24

64,945.93
19,321.41
111,328.15

53