Gamehenge Tapers Co-op
Appendix
| Funding Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Funding | |||||||||||||
| Tapers | 0% | $0 | $1,545 | $2,587 | $3,654 | $3,878 | $4,578 | $3,254 | $4,578 | $2,587 | $3,124 | $3,385 | $4,124 |
| Memebership income | 0% | $160 | $360 | $400 | $480 | $400 | $320 | $280 | $200 | $360 | $280 | $200 | $360 |
| Total Funding | $160 | $1,905 | $2,987 | $4,134 | $4,278 | $4,898 | $3,534 | $4,778 | $2,947 | $3,404 | $3,585 | $4,484 | |
| Direct Cost of Funding | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Tapers | $0 | $1,391 | $2,328 | $3,289 | $3,490 | $4,120 | $2,929 | $4,120 | $2,328 | $2,812 | $3,047 | $3,712 | |
| Memebership income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cost of Funding | $0 | $1,391 | $2,328 | $3,289 | $3,490 | $4,120 | $2,929 | $4,120 | $2,328 | $2,812 | $3,047 | $3,712 | |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Surplus and Deficit | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Funding | $160 | $1,905 | $2,987 | $4,134 | $4,278 | $4,898 | $3,534 | $4,778 | $2,947 | $3,404 | $3,585 | $4,484 | |
| Direct Cost | $0 | $1,391 | $2,328 | $3,289 | $3,490 | $4,120 | $2,929 | $4,120 | $2,328 | $2,812 | $3,047 | $3,712 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Direct Cost | $0 | $1,391 | $2,328 | $3,289 | $3,490 | $4,120 | $2,929 | $4,120 | $2,328 | $2,812 | $3,047 | $3,712 | |
| Gross Surplus | $160 | $515 | $659 | $845 | $788 | $778 | $605 | $658 | $619 | $592 | $539 | $772 | |
| Gross Surplus % | 100.00% | 27.01% | 22.05% | 20.45% | 18.42% | 15.88% | 17.13% | 13.77% | 20.99% | 17.40% | 15.02% | 17.23% | |
| Expenses | |||||||||||||
| Payroll | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales and Marketing and Other Expenses | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
| Depreciation | $19 | $19 | $19 | $19 | $19 | $19 | $19 | $19 | $19 | $19 | $19 | $19 | |
| Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Utilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Insurance | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
| Rent | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Payroll Taxes | 15% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $319 | $319 | $319 | $319 | $319 | $319 | $319 | $319 | $319 | $319 | $319 | $319 | |
| Surplus Before Interest and Taxes | ($159) | $196 | $340 | $526 | $469 | $459 | $286 | $339 | $300 | $273 | $220 | $453 | |
| EBITDA | ($140) | $215 | $359 | $545 | $488 | $478 | $305 | $358 | $319 | $292 | $239 | $472 | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes Incurred | ($48) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Surplus | ($111) | $196 | $340 | $526 | $469 | $459 | $286 | $339 | $300 | $273 | $220 | $453 | |
| Net Surplus/Funding | -69.56% | 10.26% | 11.37% | 12.73% | 10.96% | 9.37% | 8.10% | 7.09% | 10.17% | 8.03% | 6.12% | 10.11% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Funding | $160 | $1,905 | $2,987 | $4,134 | $4,278 | $4,898 | $3,534 | $4,778 | $2,947 | $3,404 | $3,585 | $4,484 | |
| Subtotal Cash from Operations | $160 | $1,905 | $2,987 | $4,134 | $4,278 | $4,898 | $3,534 | $4,778 | $2,947 | $3,404 | $3,585 | $4,484 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $160 | $1,905 | $2,987 | $4,134 | $4,278 | $4,898 | $3,534 | $4,778 | $2,947 | $3,404 | $3,585 | $4,484 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Bill Payments | $8 | $351 | $3,235 | $3,693 | $4,624 | $4,049 | $5,007 | $2,045 | $5,583 | $1,357 | $3,021 | $3,643 | |
| Subtotal Spent on Operations | $8 | $351 | $3,235 | $3,693 | $4,624 | $4,049 | $5,007 | $2,045 | $5,583 | $1,357 | $3,021 | $3,643 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Long-term Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $8 | $351 | $3,235 | $3,693 | $4,624 | $4,049 | $5,007 | $2,045 | $5,583 | $1,357 | $3,021 | $3,643 | |
| Net Cash Flow | $152 | $1,554 | ($248) | $441 | ($346) | $849 | ($1,473) | $2,733 | ($2,636) | $2,047 | $564 | $841 | |
| Cash Balance | $402 | $1,955 | $1,708 | $2,149 | $1,803 | $2,652 | $1,180 | $3,913 | $1,277 | $3,324 | $3,888 | $4,729 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $250 | $402 | $1,955 | $1,708 | $2,149 | $1,803 | $2,652 | $1,180 | $3,913 | $1,277 | $3,324 | $3,888 | $4,729 |
| Inventory | $0 | $0 | $1,530 | $2,561 | $3,617 | $3,839 | $4,532 | $3,221 | $4,532 | $3,204 | $3,093 | $3,351 | $4,083 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $250 | $402 | $3,485 | $4,269 | $5,766 | $5,642 | $7,185 | $4,401 | $8,445 | $4,480 | $6,417 | $7,239 | $8,812 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $1,150 | $1,150 | $1,150 | $1,150 | $1,150 | $1,150 | $1,150 | $1,150 | $1,150 | $1,150 | $1,150 | $1,150 | $1,150 |
| Accumulated Depreciation | $0 | $19 | $38 | $57 | $76 | $95 | $114 | $133 | $152 | $171 | $190 | $209 | $228 |
| Total Long-term Assets | $1,150 | $1,131 | $1,112 | $1,093 | $1,074 | $1,055 | $1,036 | $1,017 | $998 | $979 | $960 | $941 | $922 |
| Total Assets | $1,400 | $1,533 | $4,597 | $5,362 | $6,840 | $6,697 | $8,221 | $5,418 | $9,443 | $5,459 | $7,377 | $8,180 | $9,734 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $244 | $3,113 | $3,538 | $4,490 | $3,878 | $4,943 | $1,854 | $5,540 | $1,257 | $2,900 | $3,485 | $4,585 |
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $0 | $244 | $3,113 | $3,538 | $4,490 | $3,878 | $4,943 | $1,854 | $5,540 | $1,257 | $2,900 | $3,485 | $4,585 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $0 | $244 | $3,113 | $3,538 | $4,490 | $3,878 | $4,943 | $1,854 | $5,540 | $1,257 | $2,900 | $3,485 | $4,585 |
| Paid-in Capital | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Accumulated Surplus/Deficit | ($600) | ($600) | ($600) | ($600) | ($600) | ($600) | ($600) | ($600) | ($600) | ($600) | ($600) | ($600) | ($600) |
| Surplus/Deficit | $0 | ($111) | $84 | $424 | $950 | $1,419 | $1,878 | $2,164 | $2,503 | $2,803 | $3,076 | $3,296 | $3,749 |
| Total Capital | $1,400 | $1,289 | $1,484 | $1,824 | $2,350 | $2,819 | $3,278 | $3,564 | $3,903 | $4,203 | $4,476 | $4,696 | $5,149 |
| Total Liabilities and Capital | $1,400 | $1,533 | $4,597 | $5,362 | $6,840 | $6,697 | $8,221 | $5,418 | $9,443 | $5,459 | $7,377 | $8,180 | $9,734 |
| Net Worth | $1,400 | $1,289 | $1,484 | $1,824 | $2,350 | $2,819 | $3,278 | $3,564 | $3,903 | $4,203 | $4,476 | $4,696 | $5,149 |
By 
