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PROJECTED CASHFLOW FOR MORTGAGE REPAYMENT
ALL FIGS IN KSHS. '000.
High School surplus ksh 1500,000*120 180,000,000
Loan from Primary School ksh 750,000 * 120 90,000,000
OUTFLOWS
Construction costs - Less retention
Furniture
Interest repayment
Loan repayment (From Feb 2016)
TOTAL OUTFLOWS
NET CASH INFLOW (OUTFLOW)
BALANCE CARRIED FORWARD
ASSUMPTIONS
New members to pay Kes.160,000 each btwn Sept & Jan 2015-estimate 100 new members
Existing members to pay Kes.60,000 to access high school(to be collected in monthly installments
Fundraising to be done in October (specified month)
Project to be completed in 13 months
Financier to give 16 months moratoruim during which only interest shall be serviced. Repayments for construction loan and furniture to commence in Feb 2016
Interest rate @ 15% p.a on reducing balance
High school fees & development fund collection to commence in Jan 2016
Total loan booked Kes.170m (includes construction Kes.150m and furniture Kes.20m) to be booked in Jan 2016 with a 10 year tenure. This loan shall offset the initial constr loan of Kes.150m
PROJECTED CASHFLOW TO DEC 2015 & Mortgage Repayment
ALL FIGS IN KSHS. '000.
Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Total
Balance b/f
- 51,941 43,332 34,724 26,115 17,506 8,897 288 46,679 38,071 29,462 25,853 15,044 4,235 48,426 37,618 6,809 -
INFLOWS
Members Fees - New 115@ksh 160,000 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 18,400
Members Fees - Existing 45 @ksh 80,000 360 360 360 360 360 360 360 360 360 360 3,600
High School Fees surplus -
Loan from Primary School 12,000 12,000
Development Fund -
Fund raising proceeds 2,500 2,500 2,500 2,500 10,000
Sponsors 2,500 2,500 2,500 2,500 10,000
Loan 15% 50,000 50,000 50,000 150,000
TOTAL INFLOWS 62,000 2,200 2,200 2,200 2,200 2,200 2,200 57,200 2,200 2,200 7,200 - - 55,000 - - 5,000 204,000
OUTFLOWS
Construction costs - Less retention 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 171,000
Furniture 20,000 20,000
Interest repayment (Moratorium) 750 750 750 750 750 750 750 750 750 750 750 750 750 750 750 750
Loan repayment (From Feb 2016) -
-
-
TOTAL OUTFLOWS 10,059 10,809 10,809 10,809 10,809 10,809 10,809 10,809 10,809 10,809 10,809 10,809 10,809 10,809 10,809 30,809 10,809 203,000
NET CASH INFLOW (OUTFLOW) 51,941 8,609- 8,609- 8,609- 8,609- 8,609- 8,609- 46,391 8,609- 8,609- 3,609- 10,809- 10,809- 44,191 10,809- 30,809- 5,809- 1,000
BALANCE CARRIED FORWARD 51,941 43,332 34,724 26,115 17,506 8,897 288 46,679 38,071 29,462 25,853 15,044 4,235 48,426 37,618 6,809 1,000 1,000
ASSUMPTIONS
New members to pay Kes.160,000 each btwn Sept & Jan 2015-(estimate 115 @ ksh 160,000 new members)
Existing members to pay Kes.80,000 to access high school (paid in instalments 45 @ksh 80,000 old members)
4 Fundraising to be done in within Sept & Jan 2015
Project to be completed in 13 months
Financier to give 16 months moratoruim during which only interest shall be serviced.
Mortgage Repayments for construction loan and furniture to commence in Jan 2016(i.e Construction ksh 150m & Furniture ksh 20m)
Interest rate @ 15% p.a on reducing balance
High school fees & development fund collection to commence in Jan 2016
Loan Amortization Schedule
Loan amount 10,000,000.00$ Scheduled paymentAnnual interest rate 19.00 % Scheduled number of paymentsLoan period in years 4 Actual number of payments
Number of payments per year 12 Total early paymentsStart date of loan 1/1/2011 Total interest
Optional extra payments
Lender name:
Pmt.
No.Payment Date Beginning Balance
Scheduled
PaymentExtra Payment Total Payment Principal Interest Ending Balance
1 2/1/2011 10,000,000.00$ 299,001.18$ -$ 299,001.18$ 140,667.85$ 158,333.33$ 9,859,332.15$ 2 3/1/2011 9,859,332.15$ 299,001.18$ -$ 299,001.18$ 142,895.09$ 156,106.09$ 9,716,437.06$ 3 4/1/2011 9,716,437.06$ 299,001.18$ -$ 299,001.18$ 145,157.60$ 153,843.59$ 9,571,279.47$ 4 5/1/2011 9,571,279.47$ 299,001.18$ -$ 299,001.18$ 147,455.92$ 151,545.26$ 9,423,823.54$ 5 6/1/2011 9,423,823.54$ 299,001.18$ -$ 299,001.18$ 149,790.64$ 149,210.54$ 9,274,032.90$ 6 7/1/2011 9,274,032.90$ 299,001.18$ -$ 299,001.18$ 152,162.33$ 146,838.85$ 9,121,870.57$ 7 8/1/2011 9,121,870.57$ 299,001.18$ -$ 299,001.18$ 154,571.56$ 144,429.62$ 8,967,299.01$ 8 9/1/2011 8,967,299.01$ 299,001.18$ -$ 299,001.18$ 157,018.95$ 141,982.23$ 8,810,280.06$ 9 10/1/2011 8,810,280.06$ 299,001.18$ -$ 299,001.18$ 159,505.08$ 139,496.10$ 8,650,774.98$ 10 11/1/2011 8,650,774.98$ 299,001.18$ -$ 299,001.18$ 162,030.58$ 136,970.60$ 8,488,744.40$ 11 12/1/2011 8,488,744.40$ 299,001.18$ -$ 299,001.18$ 164,596.06$ 134,405.12$ 8,324,148.34$ 12 1/1/2012 8,324,148.34$ 299,001.18$ -$ 299,001.18$ 167,202.17$ 131,799.02$ 8,156,946.17$ 13 2/1/2012 8,156,946.17$ 299,001.18$ -$ 299,001.18$ 169,849.53$ 129,151.65$ 7,987,096.64$ 14 3/1/2012 7,987,096.64$ 299,001.18$ -$ 299,001.18$ 172,538.82$ 126,462.36$ 7,814,557.82$ 15 4/1/2012 7,814,557.82$ 299,001.18$ -$ 299,001.18$ 175,270.68$ 123,730.50$ 7,639,287.13$ 16 5/1/2012 7,639,287.13$ 299,001.18$ -$ 299,001.18$ 178,045.80$ 120,955.38$ 7,461,241.33$ 17 6/1/2012 7,461,241.33$ 299,001.18$ -$ 299,001.18$ 180,864.86$ 118,136.32$ 7,280,376.47$ 18 7/1/2012 7,280,376.47$ 299,001.18$ -$ 299,001.18$ 183,728.55$ 115,272.63$ 7,096,647.92$ 19 8/1/2012 7,096,647.92$ 299,001.18$ -$ 299,001.18$ 186,637.59$ 112,363.59$ 6,910,010.33$ 20 9/1/2012 6,910,010.33$ 299,001.18$ -$ 299,001.18$ 189,592.69$ 109,408.50$ 6,720,417.64$ 21 10/1/2012 6,720,417.64$ 299,001.18$ -$ 299,001.18$ 192,594.57$ 106,406.61$ 6,527,823.07$ 22 11/1/2012 6,527,823.07$ 299,001.18$ -$ 299,001.18$ 195,643.98$ 103,357.20$ 6,332,179.09$ 23 12/1/2012 6,332,179.09$ 299,001.18$ -$ 299,001.18$ 198,741.68$ 100,259.50$ 6,133,437.41$ 24 1/1/2013 6,133,437.41$ 299,001.18$ -$ 299,001.18$ 201,888.42$ 97,112.76$ 5,931,548.98$ 25 2/1/2013 5,931,548.98$ 299,001.18$ -$ 299,001.18$ 205,084.99$ 93,916.19$ 5,726,463.99$ 26 3/1/2013 5,726,463.99$ 299,001.18$ -$ 299,001.18$ 208,332.17$ 90,669.01$ 5,518,131.82$ 27 4/1/2013 5,518,131.82$ 299,001.18$ -$ 299,001.18$ 211,630.76$ 87,370.42$ 5,306,501.06$ 28 5/1/2013 5,306,501.06$ 299,001.18$ -$ 299,001.18$ 214,981.58$ 84,019.60$ 5,091,519.48$ 29 6/1/2013 5,091,519.48$ 299,001.18$ -$ 299,001.18$ 218,385.46$ 80,615.73$ 4,873,134.02$ 30 7/1/2013 4,873,134.02$ 299,001.18$ -$ 299,001.18$ 221,843.23$ 77,157.96$ 4,651,290.80$ 31 8/1/2013 4,651,290.80$ 299,001.18$ -$ 299,001.18$ 225,355.74$ 73,645.44$ 4,425,935.05$ 32 9/1/2013 4,425,935.05$ 299,001.18$ -$ 299,001.18$ 228,923.88$ 70,077.31$ 4,197,011.18$ 33 10/1/2013 4,197,011.18$ 299,001.18$ -$ 299,001.18$ 232,548.51$ 66,452.68$ 3,964,462.67$ 34 11/1/2013 3,964,462.67$ 299,001.18$ -$ 299,001.18$ 236,230.52$ 62,770.66$ 3,728,232.15$ 35 12/1/2013 3,728,232.15$ 299,001.18$ -$ 299,001.18$ 239,970.84$ 59,030.34$ 3,488,261.31$ 36 1/1/2014 3,488,261.31$ 299,001.18$ -$ 299,001.18$ 243,770.38$ 55,230.80$ 3,244,490.93$ 37 2/1/2014 3,244,490.93$ 299,001.18$ -$ 299,001.18$ 247,630.08$ 51,371.11$ 2,996,860.85$
Enter values Loan summary
Pmt.
No.Payment Date Beginning Balance
Scheduled
PaymentExtra Payment Total Payment Principal Interest Ending Balance
38 3/1/2014 2,996,860.85$ 299,001.18$ -$ 299,001.18$ 251,550.89$ 47,450.30$ 2,745,309.97$ 39 4/1/2014 2,745,309.97$ 299,001.18$ -$ 299,001.18$ 255,533.77$ 43,467.41$ 2,489,776.19$ 40 5/1/2014 2,489,776.19$ 299,001.18$ -$ 299,001.18$ 259,579.73$ 39,421.46$ 2,230,196.47$ 41 6/1/2014 2,230,196.47$ 299,001.18$ -$ 299,001.18$ 263,689.74$ 35,311.44$ 1,966,506.73$ 42 7/1/2014 1,966,506.73$ 299,001.18$ -$ 299,001.18$ 267,864.83$ 31,136.36$ 1,698,641.90$ 43 8/1/2014 1,698,641.90$ 299,001.18$ -$ 299,001.18$ 272,106.02$ 26,895.16$ 1,426,535.89$ 44 9/1/2014 1,426,535.89$ 299,001.18$ -$ 299,001.18$ 276,414.36$ 22,586.82$ 1,150,121.52$ 45 10/1/2014 1,150,121.52$ 299,001.18$ -$ 299,001.18$ 280,790.92$ 18,210.26$ 869,330.60$ 46 11/1/2014 869,330.60$ 299,001.18$ -$ 299,001.18$ 285,236.78$ 13,764.40$ 584,093.82$ 47 12/1/2014 584,093.82$ 299,001.18$ -$ 299,001.18$ 289,753.03$ 9,248.15$ 294,340.79$ 48 1/1/2015 294,340.79$ 299,001.18$ -$ 294,340.79$ 289,680.39$ 4,660.40$ -$
299,001.18$ 4848
-$ 4,352,056.74$
Cumulative Interest
158,333.33$ 314,439.43$ 468,283.01$ 619,828.27$ 769,038.81$ 915,877.66$
1,060,307.28$ 1,202,289.52$ 1,341,785.62$ 1,478,756.22$ 1,613,161.34$ 1,744,960.36$ 1,874,112.00$ 2,000,574.37$ 2,124,304.87$ 2,245,260.25$ 2,363,396.57$ 2,478,669.19$ 2,591,032.79$ 2,700,441.28$ 2,806,847.90$ 2,910,205.09$ 3,010,464.60$ 3,107,577.35$ 3,201,493.55$ 3,292,162.56$ 3,379,532.98$ 3,463,552.58$ 3,544,168.31$ 3,621,326.26$ 3,694,971.70$ 3,765,049.00$ 3,831,501.68$ 3,894,272.34$ 3,953,302.68$ 4,008,533.49$ 4,059,904.59$
Loan summary
Cumulative Interest
4,107,354.89$ 4,150,822.30$ 4,190,243.75$ 4,225,555.20$ 4,256,691.55$ 4,283,586.72$ 4,306,173.54$ 4,324,383.79$ 4,338,148.19$ 4,347,396.35$ 4,352,056.74$
Scenario1 Scenario2 Scenario3 Scenario4 Scenario5 Scenario6
Loan value 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000 50,000,000
Interest rate 4% 4% 7% 7% 15% 15%
Term (Months) 60 120 60 120 60 120
Monthly repayment 920,826 506,226 990,060 580,542 1,189,497 806,675
Cash as at Dec 2015 7,778,914- 9,263,229 7,231,918- 7,614,271 14,803,385- 2,170,244-
Retention fees due 9,000,000- 9,000,000- 9,000,000- 9,000,000- 9,000,000- 9,000,000-
16,778,914- 263,229 16,231,918- 1,385,729- 23,803,385- 11,170,244-
PROJECTED CASHFLOW TO DEC 2015
ALL FIGS IN KSHS. '000.
Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Total
Balance b/f
- 51,020 42,241 33,461 24,681 15,902 57,155 48,409 44,663 35,917 27,170 23,424 61,557 49,690 42,822 30,955 19,088 -
INFLOWS
Members Fees - New 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 18,400
Members Fees - Existing 360 360 360 360 360 360 360 360 360 360 3,600
School Fees 267 267 267 267 267 267 267 267 267 267 267 267 3,200
Loan from Primary School 12,000 12,000
Development Fund 688 688 688 688 688 688 688 688 688 688 688 688 8,250
Fund raising proceeds 2,500 2,500 2,500 2,500 10,000
Sponsors 2,500 2,500 2,500 2,500 10,000
Loan 4% 50,000 50,000 50,000 150,000
TOTAL INFLOWS 62,000 2,200 2,200 2,200 2,200 53,154 3,154 8,154 3,154 3,154 8,154 50,954 954 5,954 954 954 5,954 215,450
OUTFLOWS
Construction costs - Less retention 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 171,000
Furniture 20,000 20,000
Loan repayment 921 921 921 921 921 921 921 921 921 921 921 921 921 921 921 921 921 15,654
Loan repayment 921 921 921 921 921 921 921 921 921 921 921 921 11,050
Loan repayment 921 921 921 921 921 921 5,525
TOTAL OUTFLOWS 10,980 10,980 10,980 10,980 10,980 11,900 11,900 11,900 11,900 11,900 11,900 12,821 12,821 12,821 12,821 12,821 32,821 223,229
NET CASH INFLOW (OUTFLOW) 51,020 8,780- 8,780- 8,780- 8,780- 41,254 8,746- 3,746- 8,746- 8,746- 3,746- 38,133 11,867- 6,867- 11,867- 11,867- 26,867- 7,779-
BALANCE CARRIED FORWARD 51,020 42,241 33,461 24,681 15,902 57,155 48,409 44,663 35,917 27,170 23,424 61,557 49,690 42,822 30,955 19,088 7,779- 7,779-
PROJECTED CASHFLOW TO DEC 2015
ALL FIGS IN KSHS. '000.
Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Total
Balance b/f
- 51,435 43,070 34,705 26,340 17,975 10,564 3,153 742 42,825 34,908 31,991 21,874 11,757 56,133 45,510 14,887 -
INFLOWS
Members Fees - New 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 18,400
Members Fees - Existing 360 360 360 360 360 360 360 360 360 360 3,600
School Fees 267 267 267 267 267 267 267 267 267 267 267 267 3,200
Loan from Primary School 12,000 12,000
Development Fund 688 688 688 688 688 688 688 688 688 688 688 688 8,250
Fund raising proceeds 2,500 2,500 2,500 2,500 10,000
Sponsors 2,500 2,500 2,500 2,500 10,000
Loan 4% 50,000 50,000 50,000 150,000
TOTAL INFLOWS 62,000 2,200 2,200 2,200 2,200 3,154 3,154 8,154 53,154 3,154 8,154 954 954 55,954 954 954 5,954 215,450
OUTFLOWS
Construction costs - Less retention 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 171,000
Furniture 20,000 20,000
Loan repayment 506 506 506 506 506 506 506 506 506 506 506 506 506 506 506 506 506 8,606
Loan repayment 506 506 506 506 506 506 506 506 506 4,556
Loan repayment 506 506 506 506 2,025
-
TOTAL OUTFLOWS 10,565 10,565 10,565 10,565 10,565 10,565 10,565 10,565 11,071 11,071 11,071 11,071 11,071 11,578 11,578 31,578 11,578 206,187
NET CASH INFLOW (OUTFLOW) 51,435 8,365- 8,365- 8,365- 8,365- 7,411- 7,411- 2,411- 42,083 7,917- 2,917- 10,117- 10,117- 44,377 10,623- 30,623- 5,623- 9,263
BALANCE CARRIED FORWARD 51,435 43,070 34,705 26,340 17,975 10,564 3,153 742 42,825 34,908 31,991 21,874 11,757 56,133 45,510 14,887 9,263 9,263
PROJECTED CASHFLOW TO DEC 2015
ALL FIGS IN KSHS. '000.
Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Total
Balance b/f
- 50,951 42,102 33,253 24,404 15,556 7,661 48,776 44,891 36,007 27,122 23,237 12,152 1,067 43,993 31,918 19,843 -
INFLOWS
Members Fees - New 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 18,400
Members Fees - Existing 360 360 360 360 360 360 360 360 360 360 3,600
School Fees 267 267 267 267 267 267 267 267 267 267 267 267 3,200
Loan from Primary School 12,000 12,000
Development Fund 688 688 688 688 688 688 688 688 688 688 688 688 8,250
Fund raising proceeds 2,500 2,500 2,500 2,500 10,000
Sponsors 2,500 2,500 2,500 2,500 10,000
Loan 7% 50,000 50,000 50,000 150,000
TOTAL INFLOWS 62,000 2,200 2,200 2,200 2,200 3,154 53,154 8,154 3,154 3,154 8,154 954 954 55,954 954 954 5,954 215,450
OUTFLOWS
Construction costs - Less retention 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 171,000
Furniture 20,000 20,000
Loan repayment 990 990 990 990 990 990 990 990 990 990 990 990 990 990 990 990 990 16,831
990 990 990 990 990 990 990 990 990 990 990 10,891
990 990 990 990 3,960
TOTAL OUTFLOWS 11,049 11,049 11,049 11,049 11,049 11,049 12,039 12,039 12,039 12,039 12,039 12,039 12,039 13,029 13,029 13,029 33,029 222,682
NET CASH INFLOW (OUTFLOW) 50,951 8,849- 8,849- 8,849- 8,849- 7,895- 41,115 3,885- 8,885- 8,885- 3,885- 11,085- 11,085- 42,925 12,075- 12,075- 27,075- 7,232-
BALANCE CARRIED FORWARD 50,951 42,102 33,253 24,404 15,556 7,661 48,776 44,891 36,007 27,122 23,237 12,152 1,067 43,993 31,918 19,843 7,232- 7,232-
PROJECTED CASHFLOW TO DEC 2015
ALL FIGS IN KSHS. '000.
Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Total
Balance b/f
- 51,361 42,921 34,482 26,043 17,603 10,118 2,633 148 42,082 34,016 30,950 20,685 10,419 5,153 44,307 13,461 -
INFLOWS
Members Fees - New 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 18,400
Members Fees - Existing 360 360 360 360 360 360 360 360 360 360 3,600
School Fees 267 267 267 267 267 267 267 267 267 267 267 267 3,200
Loan from Primary School 12,000 12,000
Development Fund 688 688 688 688 688 688 688 688 688 688 688 688 8,250
Fund raising proceeds 2,500 2,500 2,500 2,500 10,000
Sponsors 2,500 2,500 2,500 2,500 10,000
Loan 7% 50,000 50,000 50,000 150,000
TOTAL INFLOWS 62,000 2,200 2,200 2,200 2,200 3,154 3,154 8,154 53,154 3,154 8,154 954 954 5,954 50,954 954 5,954 215,450
OUTFLOWS
Construction costs - Less retention 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 171,000
Furniture 20,000 20,000
Loan repayment 581 581 581 581 581 581 581 581 581 581 581 581 581 581 581 581 581 9,869
Loan repayment 581 581 581 581 581 581 581 581 581 5,225
Loan repayment 581 581 581 1,742
TOTAL OUTFLOWS 10,639 10,639 10,639 10,639 10,639 10,639 10,639 10,639 11,220 11,220 11,220 11,220 11,220 11,220 11,800 31,800 11,800 207,836
NET CASH INFLOW (OUTFLOW) 51,361 8,439- 8,439- 8,439- 8,439- 7,485- 7,485- 2,485- 41,934 8,066- 3,066- 10,266- 10,266- 5,266- 39,154 30,846- 5,846- 7,614
BALANCE CARRIED FORWARD 51,361 42,921 34,482 26,043 17,603 10,118 2,633 148 42,082 34,016 30,950 20,685 10,419 5,153 44,307 13,461 7,614 7,614
PROJECTED CASHFLOW TO DEC 2015
ALL FIGS IN KSHS. '000.
Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Total
Balance b/f
- 50,752 41,703 32,655 23,607 14,558 6,464 47,181 42,897 33,613 24,330 20,046 8,562 45,889 38,216 25,543 7,130- -
INFLOWS
Members Fees - New 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 18,400
Members Fees - Existing 360 360 360 360 360 360 360 360 360 360 3,600
School Fees 267 267 267 267 267 267 267 267 267 267 267 267 3,200
Loan from Primary School 12,000 12,000
Development Fund 688 688 688 688 688 688 688 688 688 688 688 688 8,250
Fund raising proceeds 2,500 2,500 2,500 2,500 10,000
Sponsors 2,500 2,500 2,500 2,500 10,000
Loan 15% 50,000 50,000 50,000 150,000
TOTAL INFLOWS 62,000 2,200 2,200 2,200 2,200 3,154 53,154 8,154 3,154 3,154 8,154 954 50,954 5,954 954 954 5,954 215,450
OUTFLOWS
Construction costs - Less retention 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 171,000
Furniture 20,000 20,000
Loan repayment 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 20,221
Loan repayment 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 1,189 13,084
Loan repayment 1,189 1,189 1,189 1,189 1,189 5,947
TOTAL OUTFLOWS 11,248 11,248 11,248 11,248 11,248 11,248 12,438 12,438 12,438 12,438 12,438 12,438 13,627 13,627 13,627 33,627 13,627 230,253
NET CASH INFLOW (OUTFLOW) 50,752 9,048- 9,048- 9,048- 9,048- 8,094- 40,716 4,284- 9,284- 9,284- 4,284- 11,484- 37,327 7,673- 12,673- 32,673- 7,673- 14,803-
BALANCE CARRIED FORWARD 50,752 41,703 32,655 23,607 14,558 6,464 47,181 42,897 33,613 24,330 20,046 8,562 45,889 38,216 25,543 7,130- 14,803- 14,803-
PROJECTED CASHFLOW TO DEC 2015
ALL FIGS IN KSHS. '000.
Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Total
Balance b/f
- 49,521 40,856 32,190 23,525 14,859 7,148 563- 45,919 37,401 28,883 25,364 14,646 3,928 47,404 35,879 4,354 -
INFLOWS
Members Fees - New 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 1,840 18,400
Members Fees - Existing 360 360 360 360 360 360 360 360 360 360 3,600
School Fees 267 267 267 267 267 267 267 267 267 267 267 267 3,200
Loan from Primary School 12,000 12,000
Development Fund 688 688 688 688 688 688 688 688 688 688 688 688 8,250
Fund raising proceeds 2,500 2,500 2,500 2,500 10,000
Sponsors 2,500 2,500 2,500 2,500 10,000
Loan 15% 50,000 50,000 50,000 150,000
TOTAL INFLOWS 62,000 2,200 2,200 2,200 2,200 3,154 3,154 58,154 3,154 3,154 8,154 954 954 55,954 954 954 5,954 215,450
OUTFLOWS
Construction costs - Less retention 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 10,059 171,000
Furniture 20,000 20,000
Loan repayment 2,420 807 807 807 807 807 807 807 807 807 807 807 807 807 807 807 807 15,327
Loan repayment 807 807 807 807 807 807 807 807 807 807 8,067
Loan repayment 807 807 807 807 3,227
TOTAL OUTFLOWS 12,479 10,865 10,865 10,865 10,865 10,865 10,865 11,672 11,672 11,672 11,672 11,672 11,672 12,479 12,479 32,479 12,479 217,620
NET CASH INFLOW (OUTFLOW) 49,521 8,665- 8,665- 8,665- 8,665- 7,711- 7,711- 46,482 8,518- 8,518- 3,518- 10,718- 10,718- 43,475 11,525- 31,525- 6,525- 2,170-
BALANCE CARRIED FORWARD 49,521 40,856 32,190 23,525 14,859 7,148 563- 45,919 37,401 28,883 25,364 14,646 3,928 47,404 35,879 4,354 2,170- 2,170-
ASSUMPTIONS
New members to pay Kes.160,000 each btwn Sept & Jan 2015-estimate 100 new members
Existing memmbers to pay Kes.60,000 to access high school(to be collected in monthly installments
Fundraising to be done in October (specified month)