Sample Company

2011 Projected Budget - Scenario 1

Revenue Adjust

ACTUAL

75%
2010

PROJECTED

Q1 2011

Q2 2011

Q3 2011

Q4 2011 2011 Total

Jan - May 11

Budget

Variance
v. Budget

Ordinary Income/Expense
Income
Income

2,100,000 100.0% 300,000 100.0%

743,750

743,750

743,750 2,531,250

100.0%

750,000

100.0% 795,833 100.0%

-45,833

Total Income

2,100,000 100.0% 300,000 100.0%

743,750

743,750

743,750 2,531,250

100.0%

750,000

100.0% 795,833 100.0%

-45,833

Cost of Goods Sold

Labor Costs

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

70,819 10.38%

-8,285

Direct Labor Employee Benefi

175,000

8.1%

30,000

8.8%

66,555

66,555

66,555

226,114

11.2%

70,000

Direct Labor Costs

305,000

14.5%

45,000

15.0%

148,750

148,750

148,750

491,250

19.4%

175,000

23.33% 144,167 18.12%

30,833

480,000

22.9%

75,000

25.0%

215,305

215,305

215,305

720,915

28.5%

245,000

32.67% 218,537 27.46%

26,463

0.0%

Material Category 1

500,000

23.8%

75,000

25.0%

238,000

238,000

238,000

789,000

31.2%

195,000

26.0% 233,667 29.36%

-38,667

Material Category 2

6,000

0.3%

2,000

0.7%

2,975

2,975

2,975

10,925

0.4%

4,000

0.53%

3,983

0.5%

17

Material Category 3

1,000

0.0%

1,000

0.3%

74

74

74

1,223

0.0%

800

0.11%

1,050

0.13%

-250

Material Category 4

4,000

0.2%

0.0%

744

744

744

2,231

0.1%

0.0%

496

0.06%

-496

Material Category 5

4,000

0.2%

1,000

0.3%

2,231

2,231

2,231

7,694

0.3%

3,000

0.4%

2,488

0.31%

513

Material Category 6

4,000

0.2%

1,000

0.3%

744

744

744

3,231

0.1%

1,200

0.16%

1,496

0.19%

-296

Material Category 7

12,000

0.6%

3,000

1.0%

5,206

5,206

5,206

18,619

0.7%

6,000

0.8%

6,471

0.81%

-471

Material Category 8

1,000

0.0%

500

0.2%

372

372

372

1,616

0.1%

800

0.11%

748

0.09%

52

Material Category 9

8,000

0.4%

2,000

0.7%

2,231

2,231

2,231

8,694

0.3%

3,000

0.4%

3,488

0.44%

-488

Material Category 10

11,000

0.5%

3,000

1.0%

4,463

4,463

4,463

16,388

0.6%

8,000

1.07%

5,975

0.75%

2,025

551,000

26.2%

88,500

29.5%

257,040

257,040

257,040

859,620

34.0%

221,800

29.57% 259,860 32.65%

-38,060

Total Labor Costs

Job Related Material Costs

Total Job Related Material Costs

0.0%

Vehicle Expenses
Rentals

0.0%

0.0%

0.0%

0.0%

11.41%

0.0%

0.0%

0.0%

0.0%

5,000

0.2%

5,000

1.7%

149

149

149

5,446

0.2%

7,500

1.0%

5,099

0.64%

2,401

Fuel

35,000

1.7%

8,000

2.7%

18,594

18,594

18,594

63,781

2.5%

20,000

2.67%

20,396

2.56%

-396

Repairs

20,000

1.0%

5,000

1.7%

744

744

744

7,231

0.3%

6,000

0.8%

5,496

0.69%

504

2.9%

19,486

4.47%

30,991

Total Truck Expenses

Total COGS
Gross Profit

18,000

6.0%

19,486

19,486

76,459

3.0%

33,500

3.89%

2,509

1,091,000

60,000

52.0% 181,500

60.5%

491,831

491,831

491,831 1,656,994

65.5%

500,300

66.71% 509,388 64.01%

-9,088

1,009,000

48.0% 118,500

39.5%

251,919

251,919

251,919

34.5%

249,700

33.29% 286,446 35.99%

-36,746

Expense
Advertising

0.0%
8,751

0.4%

Bad Debt Expense

16,751

0.8%

Vehicle Expenses

5,000

0.2%

25,000

Depreciation Expense
Donations
Employee Benefits
Finance Charges

874,256

0.0%
1,321

0.0%

0.0%

0.0%

0.4%

4,463

4,463

4,463

14,709

0.6%

7,000

0.93%

4,296

0.54%

2,704

0.0%

372

372

372

1,116

0.0%

0.0%

248

0.03%

-248

2,000

0.7%

1,000

1,000

1,000

5,000

0.2%

2,780

0.37%

2,667

0.34%

113

1.2%

5,000

1.7%

5,000

5,000

5,000

20,000

0.8%

10,000

1.33%

8,333

1.05%

1,667

8,000

0.4%

2,000

0.7%

2,000

2,000

2,000

8,000

0.3%

2,000

0.27%

3,333

0.42%

-1,333

20,000

1.0%

7,500

2.5%

6,397

6,397

6,397

26,690

1.1%

13,000

1.73%

11,765

1.48%

1,236

5,000

0.2%

1,000

0.3%

1,000

1,000

1,000

4,000

0.2%

1,200

0.16%

1,667

0.21%

-467

Information is confidential and protected from disclosure.

Sample Company
2011 Projected Budget - Scenario 1
Revenue Adjust

ACTUAL

75%
2010

Liability Insurance

PROJECTED

Q1 2011

Q2 2011

Q3 2011

Q4 2011 2011 Total

Jan - May 11

Variance
v. Budget

Budget

11,000

0.5%

0.0%

5,206

5,206

5,206

15,619

0.6%

5,000

0.67%

3,471

0.44%

1,529

Meals

3,500

0.2%

500

0.2%

744

744

744

2,731

0.1%

1,200

0.16%

996

0.13%

204

Miscellaneous Expense

1,000

0.0%

500

0.2%

744

744

744

2,731

0.1%

1,100

0.15%

996

0.13%

104

25,000

25,000

25,000

100,000

4.0%

38,000

5.07%

41,667

5.24%

-3,667

1,500

0.1%

1,500

0.2%

1,500

0.19%

4,000

5,000

0.2%

1,000

0.13%

1,000

0.13%

Office Payroll

275,000

13.1%

25,000

8.3%

Office Supplies

5,000

0.2%

1,500

0.5%

Misc. Taxes

5,000

0.2%

1,000

0.3%

Total Professional Fees

8,000

0.4%

2,000

0.7%

5,000

5,000

5,000

17,000

0.7%

6,500

0.87%

5,333

0.67%

1,167

Rent

12,500

0.6%

4,000

1.3%

3,000

3,000

3,000

13,000

0.5%

7,000

0.93%

6,000

0.75%

1,000

Telephone

10,000

0.5%

2,500

0.8%

2,500

2,500

2,500

10,000

0.4%

5,000

0.67%

4,167

0.52%

833

Utilities
Worker's Comp
Total Expense
Net Income

2,300

0.1%

1,000

0.3%

400

400

400

2,200

0.1%

1,500

0.2%

1,267

0.16%

233

15,000

0.7%

5,000

1.7%

5,000

5,000

5,000

20,000

0.8%

8,000

1.07%

8,333

1.05%

-333

436,802

20.8%

61,821

20.6%

67,453

67,453

71,453

268,180

10.6%

111,780

14.9% 106,790 13.42%

4,990

572,198

27.2%

56,679

18.9%

184,466

184,466

180,466

606,076

23.9%

137,920

18.39% 179,656 22.57%

-41,736

Information is confidential and protected from disclosure.