Particulars March April May

Forecast Sales - Reference only 100,000 275,000 320,000

Cash Inflows:
Sales receipt - 25% in the month of sale 25,000 68,750 80,000
Sales receipt - 55% in 2nd month of sale - 55,000 151,250
Sales receipt - 20% in 3rd month of sale - - 20,000
Total cash inflows 25,000 123,750 251,250

Cash Outflows:
Payment for direct manufacturing costs - 187,500 206,250
Administrative expenses 35,000 35,000 35,000
Lease payments 15,000 15,000 15,000
Plant investment - - -
Income tax payments - - -
Miscellaneous costs 10,000 10,000 10,000
Total cash outflows 60,000 247,500 266,250

Cash Surplus / (Deficit) (35,000) (123,750) (15,000)

Add: Opening balance 50,000 50,000 50,000
Closing balance 15,000 (73,750) 35,000
Minimum Cash balance desired 50,000 50,000 50,000
Financing required 35,000 123,750 15,000

Note: Depreciation is a non-cash expense and therefore should not be included in cash budget.
It has been assumed that the cash balance in excess of minimum required ($50,000) is not used to repay the previous fina
 June July August September October November Total
450,000 700,000 700,000 825,000 500,000 115,000 3,985,000

112,500 175,000 175,000 206,250 125,000 28,750 996,250

176,000 247,500 385,000 385,000 453,750 275,000 2,128,500
55,000 64,000 90,000 140,000 140,000 165,000 674,000
343,500 486,500 650,000 731,250 718,750 468,750 3,798,750

375,000 337,500 431,250 640,000 395,000 425,000 2,997,500

35,000 35,000 35,000 35,000 35,000 35,000 315,000
15,000 15,000 15,000 15,000 15,000 15,000 135,000
95,000 - - - - - 95,000
55,000 - - 55,000 - - 110,000
10,000 10,000 10,000 10,000 10,000 10,000 90,000
585,000 397,500 491,250 755,000 455,000 485,000 3,742,500

(241,500) 89,000 158,750 (23,750) 263,750 (16,250) 56,250

50,000 50,000 139,000 297,750 274,000 537,750 50,000
(191,500) 139,000 297,750 274,000 537,750 521,500 521,500
50,000 50,000 50,000 50,000 50,000 50,000 50,000
241,500 - - - - - 415,250.00

is not used to repay the previous finance liability.

If company use excess cash to repay the liability & maintains only $50k balance, the position would be as follows;
Financing summary: March April May June
Opening balance - 35,000 158,750 173,750
Add: Additional financing 35,000 123,750 15,000 241,500
Add: Interest accrued - - - -
Less: Repayment - - - -
Closing balance - Financing 35,000 158,750 173,750 415,250

Cash summary July August September October

Opening 50,000 50,000 50,000 50,000
Surplus /(Deficit) 89,000 158,750 (23,750) 263,750
Further financing - - 23,750 -
Repayment (89,000) (158,750) - (191,250)
Remaining Cash 50,000 50,000 50,000 122,500

Particulars $
Balance of financing - June 415,250
less: Repayments (Cash surplus above $50k)
Repayment - July (89,000)
Repayment - August (158,750)
Further financing - September 23,750
Repayment - September (191,250)
Balance of financing - 01 October -
would be as follows;
July August September October November
415,250 326,250 167,500 191,250 -
- - 23,750 - -
- - - - -
89,000 158,750 - 191,250
326,250 167,500 191,250 - -

November
122,500
(16,250)
-
-
106,250