Catholic School Development Foundation
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 | |||||||||||||
| Consulting Services: Founder | 0% | $0 | $0 | $5,000 | $7,500 | $7,500 | $7,500 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 |
| Consulting Services: Employee(s) | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $7,500 | $7,500 | $7,500 | $10,000 | $10,000 | $10,000 |
| Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Funding | $0 | $0 | $5,000 | $7,500 | $7,500 | $7,500 | $17,500 | $17,500 | $17,500 | $20,000 | $20,000 | $20,000 | |
| 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 | |
| Consulting Services: Founder | $0 | $500 | $1,000 | $1,000 | $500 | $0 | $0 | $1,000 | $500 | $500 | $500 | $500 | |
| Consulting Services: Employee(s) | $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 | |
| Subtotal Cost of Funding | $0 | $500 | $1,000 | $1,000 | $500 | $0 | $0 | $1,000 | $500 | $500 | $500 | $500 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Founder | 140% | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Additional Consultants | 110% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5,000 | $5,000 | $5,000 | $5,000 |
| Secretarial | 110% | $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 | $0 |
| Total People | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | |
| Total Payroll | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $5,000 | $5,000 | $10,000 | $10,000 | $10,000 | $10,000 | |
| 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 | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | |
| 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 | $0 | $0 | $5,000 | $7,500 | $7,500 | $7,500 | $17,500 | $17,500 | $17,500 | $20,000 | $20,000 | $20,000 | |
| Direct Cost | $0 | $500 | $1,000 | $1,000 | $500 | $0 | $0 | $1,000 | $500 | $500 | $500 | $500 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Direct Cost | $0 | $500 | $1,000 | $1,000 | $500 | $0 | $0 | $1,000 | $500 | $500 | $500 | $500 | |
| Gross Surplus | $0 | ($500) | $4,000 | $6,500 | $7,000 | $7,500 | $17,500 | $16,500 | $17,000 | $19,500 | $19,500 | $19,500 | |
| Gross Surplus % | 0.00% | 0.00% | 80.00% | 86.67% | 93.33% | 100.00% | 100.00% | 94.29% | 97.14% | 97.50% | 97.50% | 97.50% | |
| Expenses | |||||||||||||
| Payroll | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $5,000 | $5,000 | $10,000 | $10,000 | $10,000 | $10,000 | |
| Sales and Marketing and Other Expenses | $4,000 | $3,000 | $2,000 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,000 | $1,000 | $1,000 | |
| Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Insurance | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
| Rent | $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 | |
| Insurance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Payroll Taxes | 14% | $350 | $350 | $350 | $350 | $350 | $350 | $700 | $700 | $1,400 | $1,400 | $1,400 | $1,400 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $7,150 | $6,150 | $5,150 | $4,650 | $4,650 | $4,650 | $7,500 | $7,500 | $13,200 | $12,700 | $12,700 | $12,700 | |
| Surplus Before Interest and Taxes | ($7,150) | ($6,650) | ($1,150) | $1,850 | $2,350 | $2,850 | $10,000 | $9,000 | $3,800 | $6,800 | $6,800 | $6,800 | |
| EBITDA | ($7,150) | ($6,650) | ($1,150) | $1,850 | $2,350 | $2,850 | $10,000 | $9,000 | $3,800 | $6,800 | $6,800 | $6,800 | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes Incurred | ($2,145) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Surplus | ($5,005) | ($6,650) | ($1,150) | $1,850 | $2,350 | $2,850 | $10,000 | $9,000 | $3,800 | $6,800 | $6,800 | $6,800 | |
| Net Surplus/Funding | 0.00% | 0.00% | -23.00% | 24.67% | 31.33% | 38.00% | 57.14% | 51.43% | 21.71% | 34.00% | 34.00% | 34.00% | |
| 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 | $0 | $0 | $3,750 | $5,625 | $5,625 | $5,625 | $13,125 | $13,125 | $13,125 | $15,000 | $15,000 | $15,000 | |
| Cash from Receivables | $0 | $0 | $0 | $42 | $1,271 | $1,875 | $1,875 | $1,958 | $4,375 | $4,375 | $4,396 | $5,000 | |
| Subtotal Cash from Operations | $0 | $0 | $3,750 | $5,667 | $6,896 | $7,500 | $15,000 | $15,083 | $17,500 | $19,375 | $19,396 | $20,000 | |
| 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 | $0 | $0 | $3,750 | $5,667 | $6,896 | $7,500 | $15,000 | $15,083 | $17,500 | $19,375 | $19,396 | $20,000 | |
| 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 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $5,000 | $5,000 | $10,000 | $10,000 | $10,000 | $10,000 | |
| Bill Payments | $84 | $2,560 | $4,133 | $3,633 | $3,133 | $2,633 | $2,162 | $2,533 | $3,507 | $3,683 | $3,200 | $3,200 | |
| Subtotal Spent on Operations | $2,584 | $5,060 | $6,633 | $6,133 | $5,633 | $5,133 | $7,162 | $7,533 | $13,507 | $13,683 | $13,200 | $13,200 | |
| 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 | $2,584 | $5,060 | $6,633 | $6,133 | $5,633 | $5,133 | $7,162 | $7,533 | $13,507 | $13,683 | $13,200 | $13,200 | |
| Net Cash Flow | ($2,584) | ($5,060) | ($2,883) | ($467) | $1,262 | $2,367 | $7,838 | $7,550 | $3,993 | $5,692 | $6,196 | $6,800 | |
| Cash Balance | $33,817 | $28,757 | $25,873 | $25,407 | $26,669 | $29,036 | $36,874 | $44,424 | $48,418 | $54,109 | $60,305 | $67,105 | |
| 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 | $36,400 | $33,817 | $28,757 | $25,873 | $25,407 | $26,669 | $29,036 | $36,874 | $44,424 | $48,418 | $54,109 | $60,305 | $67,105 |
| Accounts Receivable | $0 | $0 | $0 | $1,250 | $3,083 | $3,688 | $3,688 | $6,188 | $8,604 | $8,604 | $9,229 | $9,833 | $9,833 |
| Other Current Assets | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Total Current Assets | $39,400 | $36,817 | $31,757 | $30,123 | $31,490 | $33,357 | $35,723 | $46,062 | $56,028 | $60,022 | $66,338 | $73,138 | $79,938 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accumulated Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $39,400 | $36,817 | $31,757 | $30,123 | $31,490 | $33,357 | $35,723 | $46,062 | $56,028 | $60,022 | $66,338 | $73,138 | $79,938 |
| 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 | $2,422 | $4,012 | $3,528 | $3,045 | $2,562 | $2,078 | $2,417 | $3,383 | $3,577 | $3,093 | $3,093 | $3,093 |
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 |
| Subtotal Current Liabilities | $11,400 | $13,822 | $15,412 | $14,928 | $14,445 | $13,962 | $13,478 | $13,817 | $14,783 | $14,977 | $14,493 | $14,493 | $14,493 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $11,400 | $13,822 | $15,412 | $14,928 | $14,445 | $13,962 | $13,478 | $13,817 | $14,783 | $14,977 | $14,493 | $14,493 | $14,493 |
| Paid-in Capital | $61,400 | $61,400 | $61,400 | $61,400 | $61,400 | $61,400 | $61,400 | $61,400 | $61,400 | $61,400 | $61,400 | $61,400 | $61,400 |
| Accumulated Surplus/Deficit | ($33,400) | ($33,400) | ($33,400) | ($33,400) | ($33,400) | ($33,400) | ($33,400) | ($33,400) | ($33,400) | ($33,400) | ($33,400) | ($33,400) | ($33,400) |
| Surplus/Deficit | $0 | ($5,005) | ($11,655) | ($12,805) | ($10,955) | ($8,605) | ($5,755) | $4,245 | $13,245 | $17,045 | $23,845 | $30,645 | $37,445 |
| Total Capital | $28,000 | $22,995 | $16,345 | $15,195 | $17,045 | $19,395 | $22,245 | $32,245 | $41,245 | $45,045 | $51,845 | $58,645 | $65,445 |
| Total Liabilities and Capital | $39,400 | $36,817 | $31,757 | $30,123 | $31,490 | $33,357 | $35,723 | $46,062 | $56,028 | $60,022 | $66,338 | $73,138 | $79,938 |
| Net Worth | $28,000 | $22,995 | $16,345 | $15,195 | $17,045 | $19,395 | $22,245 | $32,245 | $41,245 | $45,045 | $51,845 | $58,645 | $65,445 |
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