Question: Question: Prepare a 12-month cash flow budget based on the data in Figure 6.15 We should assume that the fiscal year is from July 1

Question: Prepare a 12-month cash flow budget based on the data in Figure 6.15

We should assume that the fiscal year is from July 1 to June 30 and that each grant will begin in the fiscal year. For example, the $140,000 grant for homeless youth will begin October 1, months after the fiscal year has begun.

EXHIBIT 6.15 Grant-Funding Conditions Grant Amount Federal Grants Homeless Youth $140,000 Independent 199 963 Living HUD 60,506 Street Outreach 100,000 State Grants 90,000 Governor's Crime Commission Juvenile Justice 857.200 Local Grants City of Raleigh 28,000 Wake County 63.138 Fee for Service Medicaid? 100,400 Other Funding United Way 203,524 Duke Endowment 55,535 \"Medicaid funds are continuing and are reimbursed upon being billed. Length (years) Fiscal Year Start Oct. 1 Oct. 1 Mar. 1 Oct. 1 June 1 July 1 July 1 July 1 July 1 Jan. 1 Mar. 1 Payment Interval Monthly Monthly Monthly Monthly Monthly Monthly in advance Quarterly Monthly Upon being billed Monthly in advance Whole amount in Advance Reimbursement Time Within 72 hours Within 72 hours Within 72 hours Within 72 hours 2 weeks Within 1 month Within 3 to 4 weeks 1 to & months

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