RCC Pro Forma - May 23, 2013 Revision

7/30/2019 RCC Pro Forma - May 23, 2013 Revision

1/9

RCCProForma Sources&Uses Revision:May23,2013

FundUsage Amount FundSources Amount

LongTermCapitalization EquityLeaseholdImprovements $350,000 Memberships $100,000

Equipment $650,000 GrassrootsFundraising $17,034

Inventory $236,250 Grantsfromlocal&regionalfoundations $120,000

ProfFeesfordesign/inventory $148,350 CityofGSOEconDev'tGrant $100,000

ConstructionManagementfee $30,000 Federalgrants(USDA,SBA,Blockgrants) $200,000

TotalLongTerm $1,414,600 TotalEquity $537,034

ShortTermCapitalization Subordinateddebt-OwnerLoans

Start-upstaffing $69,806 5YearOwnerLoans@3% $100,000Start-uppromotion $18,379 10YearOwnerLoans@3% $100,000

Interestpaidpre-opening(ownerloans) $3,000 TotalOwnerLoans $200,000

Post-openingprofessionalsupport $30,000

Operatingcostpriortoopening $15,000 Governmentloans

OperatiingCapital(Cash) $220,549 CityofGSOEconDev'tLoan(0%,15years) $600,000

TotalShortTerm $356,734 TotalGovernmentLoans $600,000

Overrunallowance $265,700 CommercialLoans

SelfHelp($700,[email protected]%) $700,000TotalCapitalNeeded $2,037,034 TotalCommercialLoans $700,000

EQUITY $537,034

TOTALTOBEBORROWED $1,500,000 TOTALBORROWED $1,500,000

Assumptionsfromothersheets

BuildingSpaceSquareFootage $10,000 Fromrevenuemodel

Firstyearsales $3,675,824 Fromrevenuemodel

Assumptions Notes DataSource


2/9

RCCProForma YearOneIncomeStatement Revision:May23,2013

RenaissanceCoopCommittee renaissancecoop.com

MonthofOperation 1 2 3 4 5 6 7 8 9 10 11 12 Annual

MonthName June July August September October November December January Febr uar y March Apri l May

NumberofWeeks 4.29 4.43 4.43 4.29 4.43 4.29 4.43 4.43 4.00 4.43 4.29 4.43 52.14

RevenueSchedule

Sales 197,802$ 238,462$ 272,527$ 296,703$ 340,659$ 329,670$ 340,659$ 340,659$ 307,692$ 340,659$ 329,670$ 340,659$ 3,675,824$

GrossSales 197,802$ 238,462$ 272,527$ 296,703$ 340,659$ 329,670$ 340,659$ 340,659$ 307,692$ 340,659$ 329,670$ 340,659$ 3,675,824$

TotalCostofFood/Products 138,462$ 166,923$ 190,769$ 207,692$ 238,462$ 230,769$ 238,462$ 238,462$ 215,385$ 238,462$ 230,769$ 238,462$ 2,573,077$

Labor

ProductionStaff 35,096$ 36,266$ 36,266$ 35,096$ 36,266$ 35,096$ 36,266$ 36,266$ 32,756$ 36,266$ 35,096$ 36,266$ 426,998$

T otal LaborCost 35,096$ 36,266$ 36,266$ 35,096$ 36,266$ 35,096$ 36,266$ 36,266$ 32,756$ 36,266$ 35,096$ 36,266$ 426,998$

ProductionMaterials

Bags 198$ 238$ 273$ 297$ 341$ 330$ 341$ 341$ 308$ 341$ 330$ 341$ 3,676$

Pricinglabels 99$ 119$ 136$ 148$ 170$ 165$ 170$ 170$ 154$ 170$ 165$ 170$ 1,838$

Supplies-cleaning,etc 198$ 238$ 273$ 297$ 341$ 330$ 341$ 341$ 308$ 341$ 330$ 341$ 3,676$

T otal ProductionMa terials 495$ 596$ 681$ 742$ 852$ 824$ 852$ 852$ 769$ 852$ 824$ 852$ 9,190$

VariableCosts

P rod . - In sur anc e - Wor ke rs ' Com p 2 ,1 06$ 2,176$ 2,176$ 2,106$ 2,176$ 2,106$ 2,176$ 2,176$ 1,965$ 2,176$ 2,106$ 2,176$ 25,620$

Pr od.-Empl oyeeHealthB enefits 5,667$ 5,667$ 5,667$ 5,667$ 5,667$ 5,667$ 5,667$ 5,667$ 5,667$ 5,667$ 5,667$ 5,667$ 68,000$

P rod . - Pa yr ol l Ta xes -- Pr od n Wa ge s 3 ,7 38$ 3,862$ 3,862$ 3,738$ 3,862$ 3,738$ 3,862$ 3,862$ 3,489$ 3,862$ 3,738$ 3,862$ 45,475$

CreditCardFees 2,534$ 3,055$ 3,491$ 3,801$ 4,364$ 4,223$ 4,364$ 4,364$ 3,942$ 4,364$ 4,223$ 4,364$ 47,087$

RepairandMaintenance 198$ 238$ 273$ 297$ 341$ 330$ 341$ 341$ 308$ 341$ 330$ 341$ 3,676$

Other 396$ 477$ 545$ 593$ 681$ 659$ 681$ 681$ 615$ 681$ 659$ 681$ 7,352$

TotalOtherProductionExpenses 14,637$ 15,475$ 16,014$ 16,201$ 17,091$ 16,722$ 17,091$ 17,091$ 15,985$ 17,091$ 16,722$ 17,091$ 197,210$

TotalCostofGoodsSold 188,689$ 219,260$ 243,730$ 259,731$ 292,669$ 283,411$ 292,669$ 292,669$ 264,895$ 292,669$ 283,411$ 292,669$ 3,206,474$

General&AdminWages

AdministrativeEmployees 10,371$ 10,717$ 10,717$ 10,371$ 10,717$ 10,371$ 10,717$ 10,717$ 9,680$ 10,717$ 10,371$ 10,717$ 126,186$

TotalG&AWages 10,371$ 10,717$ 10,717$ 10,371$ 10,717$ 10,371$ 10,717$ 10,717$ 9,680$ 10,717$ 10,371$ 10,717$ 126,186$

General&AdminExpense

Admin.-PayrollTax--Others 1,105$ 1,141$ 1,141$ 1,105$ 1,141$ 1,105$ 1,141$ 1,141$ 1,031$ 1,141$ 1,105$ 1,141$ 13,439$

Admin.-Workers'Comp--Others 104$ 107$ 107$ 104$ 107$ 104$ 107$ 107$ 97$ 107$ 104$ 107$ 1,262$

Admin.-E mployeeBenefits--Other 667$ 667$ 667$ 667$ 667$ 667$ 667$ 667$ 667$ 667$ 667$ 667$ 8,000$

Electric 800$ 800$ 800$ 800$ 800$ 800$ 800$ 800$ 800$ 800$ 800$ 800$ 9,600$

HVAC 1,500$ 2,000$ 2,500$ 2,500$ 2,000$ 1,000$ 1,500$ 1,500$ 1,500$ 1,000$ 1,000$ 1,000$ 19,000$

PestControl 80$ 80$ 80$ 80$ 80$ 80$ 80$ 80$ 80$ 80$ 80$ 80$ 960$

CommercialTrashRemoval 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 1,200$

Telephone 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 1,200$

Water&Sewer 200$ 200$ 200$ 200$ 200$ 200$ 200$ 200$ 200$ 200$ 200$ 200$ 250$

Insurance- Inclusive(R&D&liabil ityetc.) 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 3,000$

InterestonDebt 2,880$ 2,855$ 2,831$ 2,806$ 2,781$ 2,757$ 2,732$ 2,707$ 2,681$ 2,656$ 2,631$ 2,606$ 32,923$

Depreciation 9,940$ 9,940$ 9,940$ 9,940$ 9,940$ 9,940$ 9,940$ 9,940$ 9,940$ 9,940$ 9,940$ 9,940$ 119,275$

R en t/ Le as e (i nc . pr op t ax & f ir e in s. ?) 5 00$ 500$ 500$ 1,418$ 1,418$ 1,418$ 1,934$ 1,934$ 1,934$ 1,978$ 1,978$ 1,978$ 17,489$

Accounting 120$ 120$ 120$ 120$ 120$ 120$ 120$ 120$ 120$ 120$ 120$ 120$ 1,440$

PayrollFees 400$ 400$ 400$ 400$ 400$ 400$ 400$ 400$ 400$ 400$ 400$ 400$ 4,800$

Computer/WebsiteExpense(hosting,emailetc.) 275$ 275$ 275$ 275$ 275$ 275$ 275$ 275$ 275$ 275$ 275$ 275$ 3,300$

LegalExpenses 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 1,200$

MembershipFeesetc. 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 3,000$

OfficeExpense 25$ 25$ 25$ 25$ 25$ 25$ 25$ 25$ 25$ 25$ 25$ 25$ 300$

Marketing--Ads,etc. 2,631$ 3,172$ 3,625$ 3,946$ 4,531$ 4,385$ 4,531$ 4,531$ 4,092$ 4,531$ 4,385$ 4,531$ 48,888$

OtherG&A 200$ 200$ 200$ 200$ 200$ 200$ 200$ 200$ 200$ 200$ 200$ 200$ 2,400$

TotalG&A--OtherThanWages 22,225$ 23,282$ 24,210$ 25,384$ 25,485$ 24,273$ 25,451$ 25,426$ 24,842$ 24,920$ 24,708$ 24,869$ 295,076$

TotalGenandAdmin 32,597$ 33,999$ 34,927$ 35,756$ 36,202$ 34,645$ 36,168$ 36,143$ 34,522$ 35,637$ 35,080$ 35,586$ 421,261$

MonthofStart-up


3/9

RCCProForma YearOneIncomeStatement Revision:May23,2013



MonthName June July August September October November December January Febr uar y March Apri l May

NumberofWeeks 4.29 4.43 4.43 4.29 4.43 4.29 4.43 4.43 4.00 4.43 4.29 4.43 52.14

MonthofStart-up

TOTALOPERATINGCOSTS 221,286$ 253,259$ 278,657$ 295,487$ 328,871$ 318,056$ 328,838$ 328,813$ 299,417$ 328,306$ 318,491$ 328,256$ 3,627,736$

N etPr ofit (23,484)$ (14,797)$ (6,130)$ 1,217$ 11,788$ 11,614$ 11,822$ 11,847$ 8,276$ 12,353$ 11,180$ 12,404$ 48,089$IncomeTaxes - - - - - - - - - - - - 19,235$

Laborasa%ofsales 30% 25% 22% 20% 18% 18% 18% 18% 18% 18% 18% 18%

NETINCOMEAFTERTAXES 28,853$

Costofgoodssold 70%

PayrollTaxes 10.65% Ofwages

WorkersCompenstation(Risky) 0.06

Wor kersCompenstation(Non-R isky) 0.01

Employeehealthbenefits 4,000$ P er F T em pl oy ee /y ea r

creditcardfeerate 0.03

%ofcreditcardusage 0.4

SalesTax 0.0675

BuildingDepreciation 20 Years

EquipmentDepreciation 7 Years

IncomeTax 0.4

marketingcosts 1.33% Ofsales

Bags 0.1% Ofsales

Pricinglabels 0.05% Ofsales

Cleaningsupplies 0.1% Ofsales

Repair&maintenance 0.1% Ofsales

Other 0.2% Ofsales

Electric 800$ P er m on th

HVAC Variablebyseason

PestControl 80$ Perm onth

TrashRemoval 100$ P er m on th

Telephone 100$ P er m on th

Water&Sewer 200$ P er m on th

Insurance--Inclusive 250$ P er m on th

Rentfirstquarterofoperations 500$ P er m on th

V ar ia bl e re nt r at e fo r la te r qu ar te rs 0 .6 % O f pr ev Q TR s al es

Caponrent 2,000$ Permonth

Accounting 120$ P er m on th

Computer/Inter net/Websi teE xpense 275$ P er m on th

LegalExpenses 100$ P er m on th

Membershipfees 250$ P er m on th

OfficeExpense 25$ Perm onth

OtherG&A 200$ P er m on th

PayrollFees 400$ P er m on th

Assumptions


4/9

RCCProForma 3 Year Income Statement Revision:May23,2013

1 2 3

RevenueSchedule

Sales 3,675,824$ 3,933,132$ 4,208,451$

TotalGrossSales 3,675,824$ 3,933,132$ 4,208,451$

TotalCostofFood/Products 2,573,077$ 2,753,192$ 2,945,916$

LaborProductionStaff 426,998$ 448,348$ 470,765$

TotalLaborCost 426,998$ 448,348$ 470,765$

ProductionMaterials

Bags 3,676$ 3,749$ 3,824$

Pricinglabels 1,838$ 1,875$ 1,912$

Supplies-cleaning,etc 3,676$ 3,749$ 3,824$TotalProductionMaterials 9,190$ 9,373$ 9,561$

VariableCosts

Prod.-Insurance-Workers'Comp 25,620$ 26,901$ 28,246$

Prod.-EmployeeBenefits 68,000$ 71,400$ 74,970$

Prod.-PayrollTaxes--ProdnWages 45,475$ 47,749$ 50,136$

CreditCardFees 47,087$ 50,383$ 53,910$RepairandMaintenance 3,676$ 3,749$ 3,824$

Other 7,352$ 7,499$ 7,649$

Total Variable Costs 197 210$ 207 681$ 218 736$

YearofStart-up


5/9

RCCProForma 3 Year Income Statement Revision: May 23, 2013

1 2 3

RevenueSchedule

YearofStart-up

Water&Sewer 250$ 255$ 260$

Insurance-Inclusive 3,000$ 3,060$ 3,121$

InterestonDebt 32,923$ 29,256$ 25,437$

Depreciation 119,275$ 119,275$ 119,275$

Rent 17,489$ 24,000$ 24,480$

Accounting 1,440$ 1,469$ 1,498$PayrollFees 4,800$ 5,040$ 5,292$

Computer/Internet/WebsiteExpense 3,300$ 3,366$ 3,433$

LegalExpenses 1,200$ 1,224$ 1,248$

MembershipFees 3,000$ 3,150$ 3,308$

OfficeExpense 300$ 306$ 312$

Marketing--Ads,etc. 48,888$ 49,866$ 50,864$

OtherG&A 2,400$ 2,448$ 2,497$TotalG&A--OtherThanWages 292,926$ 298,695$ 298,359$

TotalGenandAdmin 419,111$ 428,667$ 432,230$

TOTALOPERATINGCOSTS 3,625,586$ 3,847,261$ 4,077,207$

NetProfit 50,239$ 85,871$ 131,244$

IncomeTaxes 19,235$ 34,348$ 52,498$

NetProfitAfterTaxes 31,003$ 51,522$ 78,747$


6/9

RCCProForma Year1CashFlowAnalysis Revision:May23,2013


Average

1 2 3 4 5 6 7 8 9 10 1 1 1 2

StartingCash 220,549$ 198,125$ 184,362$ 179,242$ 181,444$ 194,193$ 206,742$ 219,474$ 232,206$ 241,342$ 254,530$ 266,520$

Sources

CashSales 197,802$ 238,462$ 272,527$ 296,703$ 340,659$ 329,670$ 340,659$ 340,659$ 307,692$ 340,659$ 329,670$ 340,659$

RentalIncome -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Short-termLoanProceeds -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Long-TermLoanProceeds -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

EquityCapitalProceeds -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

TotalSouces 197,802$ 238,462$ 272,527$ 296,703$ 340,659$ 329,670$ 340,659$ 340,659$ 307,692$ 340,659$ 329,670$ 340,659$

Uses

Payroll&Related 58,852$ 60,603$ 60,603$ 58,852$ 60,603$ 58,852$ 60,603$ 60,603$ 55,351$ 60,603$ 58,852$ 60,603$

CostofFood/ProductsSold 138,462$ 166,923$ 190,769$ 207,692$ 238,462$ 230,769$ 238,462$ 238,462$ 215,385$ 238,462$ 230,769$ 238,462$

ProductionMaterials 495$ 596$ 681$ 742$ 852$ 824$ 852$ 852$ 769$ 852$ 824$ 852$

OtherProductionExpenses 3,127$ 3,770$ 4,309$ 4,691$ 5,386$ 5,212$ 5,386$ 5,386$ 4,865$ 5,386$ 5,212$ 5,386$

Insurance 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$

Rent 500$ 500$ 500$ 1,418$ 1,418$ 1,418$ 1,934$ 1,934$ 1,934$ 1,978$ 1,978$ 1,978$

OtherG&A 6,781$ 7,822$ 8,775$ 9,096$ 9,181$ 8,035$ 8,681$ 8,681$ 8,242$ 8,181$ 8,035$ 8,181$

Interest 2,880$ 2,855$ 2,831$ 2,806$ 2,781$ 2,757$ 2,732$ 2,707$ 2,681$ 2,656$ 2,631$ 2,606$ 2,744$

PurchaseDepreciableAssets -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

PurchaseNon-Depr.Assets -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Dividends,OwnerPay-outs -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

DebtPrinciplePayments 8,881$ 8,905$ 8,930$ 8,954$ 8,979$ 9,004$ 9,029$ 9,054$ 9,079$ 9,104$ 9,130$ 9,155$ 9,017$

TotalUsesBeforeTaxes 220,227$ 252,224$ 277,647$ 294,502$ 327,911$ 317,121$ 327,927$ 327,927$ 298,556$ 327,471$ 317,681$ 327,471$

IncomeTaxes -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 19 ,2 35$

TotalUsesAfterTaxes 220,227$ 252,224$ 277,647$ 294,502$ 327,911$ 317,121$ 327,927$ 327,927$ 298,556$ 327,471$ 317,681$ 346,707$

NetChangeinCash (22,425)$ (13,763)$ (5,120)$ 2,202$ 12,749$ 12,550$ 12,732$ 12,732$ 9,136$ 13,188$ 11,989$ (6,047)$

EndingCashPosition 198,125$ 184,362$ 179,242$ 181,444$ 194,193$ 206,742$ 219,474$ 232,206$ 241,342$ 254,530$ 266,520$ 260,472$

NetChangeinCashbeforeInterest&DebtPmt (10,664)$ (2,002)$ 6,641$ 13,962$ 24,509$ 24,310$ 24,493$ 24,493$ 20,897$ 24,949$ 23,750$ 5,713$ 15,088$

Debtservciecoverage -0.91 -0.17 0.56 1.19 2.08 2.07 2.08 2.08 1.78 2.12 2.02 0.49 1.28

Interest&debtprinciple 11,761$ 11,761$ 11,761$ 11,761$ 11,761$ 11,761$ 11,761$ 11,761$ 11,761$ 11,761$ 11,761$ 11,761$

MonthofStart-up


7/9

RCCProForma Three-yearCashFlowAnalysis Revision:May23,2013

1 2 3

StartingCash 220,549$ 270,422$ 337,538$

Sources

CashSales 3,675,824$ 3,933,132$ 4,208,451$

RentalIncome -$ -$ -$

Short-termLoanProceeds -$ -$ -$

Long-TermLoanProceeds -$ -$ -$

EquityCapitalProceeds -$ -$ -$TotalSouces 3,675,824$ 3,933,132$ 4,208,451$

Uses

Payroll&Related 714,979$ 747,751$ 782,071$

CostofFood/ProductsSold 2,573,077$ 2,753,192$ 2,945,916$

ProductionMaterials 9,190$ 9,373$ 9,561$

OtherProductionExpenses 58,115$ 61,631$ 65,383$Insurance 3,000$ 3,060$ 3,121$

Rent 17,489$ 24,000$ 24,480$

OtherG&A 89,738$ 91,533$ 93,364$

Interest 32,923$ 29,256$ 25,437$

PurchaseDepreciableAssets -$ -$ -$

PurchaseNon-Depr.Assets -$ -$ -$

Dividends,OwnerPay-outs -$ -$ -$DebtPrinciplePayments 108,205$ 111,872$ 115,691$

TotalUsesBeforeTaxes 3,606,716$ 3,831,669$ 4,065,024$

SummaryCashFlowAnalysis


8/9

RCCProForma DebtService Revision:May23,2013



MonthName June Jul y August S eptember O ctober November December January February March April May

NumberofWeeks 4.29 4.43 4.43 4.29 4.43 4.29 4.43 4.43 4.00 4.43 4.29 4.43 52.14

SelfHelp-interest 2,380$ 2,355$ 2,331$ 2,306$ 2,281$ 2,257$ 2,232$ 2,207$ 2,181$ 2,156$ 2,131$ 2,106$ 26,923$

Self-Help-principal 7,214$ 7,238$ 7,263$ 7,288$ 7,313$ 7,337$ 7,362$ 7,387$ 7,413$ 7,438$ 7,463$ 7,488$ 88,205$

5 YearOwnerLoans-Interest 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 3,000$5 Ye ar Own er L oa ns - pr in ci pa l 1 ,6 67$ 1,667$ 1,667$ 1,667$ 1,667$ 1,667$ 1,667$ 1,667$ 1,667$ 1,667$ 1,667$ 1,667$ 20,000$

1 0YearOwnerLoans-interest 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 250$ 3,000$

10YearownerLoans-principal -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

CityofGreensboro-interest -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

CityofGreensboro-principal -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Monthlyinterest 2,880$ 2,855$ 2,831$ 2,806$ 2,781$ 2,757$ 2,732$ 2,707$ 2,681$ 2,656$ 2,631$ 2,606$ 32,923$

Monthlyprincipal 8,881$ 8,905$ 8,930$ 8,954$ 8,979$ 9,004$ 9,029$ 9,054$ 9,079$ 9,104$ 9,130$ 9,155$ 108,205$

Year1 Year2 Year3 Year4 Year5 Year6 Year7 Year8 Year9 Year10 Year11 Year12 Year13 Year14 Year15

SelfHelp-interest 26,923$ 23,256$ 19,437$ 15,459$ 11,315$ 7,000$ 2,504$ -$ -$ -$ -$ -$ -$

Self-Help-principal 88,205$ 91,872$ 95,691$ 99,669$ 103,812$ 108,128$ 112,623$ -$ -$ -$ -$ -$ -$ -$ -$5 YearOwnerLoans-Interest 3,000$ 3,000$ 3,000$ 3,000$ 3,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

5 Ye ar Own er L oa ns - pr in ci pa l 2 0, 00 0$ 20,000$ 20,000$ 20,000$ 20,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

1 0 Ye ar Own er Lo an s - in te re st 3 ,0 00$ 3,000$ 3,000$ 3,000$ 3,000$ 3,000$ 3,000$ 3,000$ 3,000$ 3,000$ -$ -$ -$ -$ -$

10YearownerLoans-principal -$ -$ -$ -$ -$ 2 0, 00 0$ 20,000$ 20,000$ 20,000$ 20,000$ -$ -$ -$ -$ -$

CityofGreensboro-interest -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

CityofGreensboro-principal -$ -$ -$ -$ -$ -$ -$ 7 5,0 00$ 75,000$ 75,000$ 75,000$ 75,000$ 75,000$ 75,000$ 75,000$

AnnualInterest 32,923$ 29,256$ 25,437$ 21,459$ 17,315$ 10,000$ 5,504$ 3,000$ 3,000$ 3,000$ -$ -$ -$ -$ -$

AnnualPrincipal 108,205$ 111,872$ 115,691$ 119,669$ 123,812$ 128,128$ 132,623$ 95,000$ 95,000$ 95,000$ 75,000$ 75,000$ 75,000$ 75,000$ 75,000$

AnnualDebtService 141,128$ 141,128$ 141,128$ 141,128$ 141,128$ 138,128$ 138,128$ 98,000$ 98,000$ 98,000$ 75,000$ 75,000$ 75,000$ 75,000$ 75,000$

DebtServiceyear1

AnnualDebtServiceyears1-15


9/9

RCCProForma SelfHelpMortgageAmortization Revision:May23,2013


$700,000 $115,127.52

4.080% $9,593.96

7 $26,922.71

2014 $105,892.64

January $805,892.64

Year Month BeginningBalance Payment Principal Interest CumulativePrincipal CumulativeInterest EndingBalance

2014 Jan 700,000.00$ 9,593.96$ 7,213.96$ 2,380.00$ 7,213.96$ 2,380.00$ 692,786.04$

Feb 692,786.04$ 9,593.96$ 7,238.49$ 2,355.47$ 14,452.45$ 4,735.47$ 685,547.55$

Mar 685,547.55$ 9,593.96$ 7,263.10$ 2,330.86$ 21,715.55$ 7,066.33$ 678,284.45$

Apr 678,284.45$ 9,593.96$ 7,287.79$ 2,306.17$ 29,003.34$ 9,372.50$ 670,996.66$

May 670,996.66$ 9,593.96$ 7,312.57$ 2,281.39$ 36,315.91$ 11,653.89$ 663,684.09$

Jun 663,684.09$ 9,593.96$ 7,337.43$ 2,256.53$ 43,653.34$ 13,910.42$ 656,346.66$

Jul 656,346.66$ 9,593.96$ 7,362.38$ 2,231.58$ 51,015.72$ 16,142.00$ 648,984.28$

Aug 648,984.28$ 9,593.96$ 7,387.41$ 2,206.55$ 58,403.13$ 18,348.55$ 641,596.87$

Sep 641,596.87$ 9,593.96$ 7,412.53$ 2,181.43$ 65,815.66$ 20,529.98$ 634,184.34$

Oct 634,184.34$ 9,593.96$ 7,437.73$ 2,156.23$ 73,253.39$ 22,686.21$ 626,746.61$

Nov 626,746.61$ 9,593.96$ 7,463.02$ 2,130.94$ 80,716.41$ 24,817.15$ 619,283.59$

Dec 619,283.59$ 9,593.96$ 7,488.40$ 2,105.56$ 88,204.81$ 26,922.71$ 611,795.19$

Year BeginningBalance Payment Principal Interest CumulativePrincipal CumulativeInterest EndingBalance

2015 611,795.19$ 115,127.52$ 91,871.93$ 23,255.59$ 180,076.74$ 50,178.30$ 519,923.26$

2016 519,923.26$ 115,127.52$ 95,690.91$ 19,436.61$ 275,767.65$ 69,614.91$ 424,232.35$

2017 424,232.35$ 115,127.52$ 99,668.94$ 15,458.58$ 375,436.59$ 85,073.49$ 324,563.41$

2018 324,563.41$ 115,127.52$ 103,812.35$ 11,315.17$ 479,248.94$ 96,388.66$ 220,751.06$

2019 220,751.06$ 115,127.52$ 108,128.00$ 6,999.52$ 587,376.94$ 103,388.18$ 112,623.06$

2020 112,623.06$ 115,127.52$ 112,623.06$ 2,504.46$ 700,000.00$ 105,892.64$ -$

PaymentsinFirst12Months

YearlyScheduleofBalancesandPayments

Loanperiodinyears Interestinfirstcalendaryear

Baseyearofloan Interestovertermofloan

Basemonthofloan Sumofallpayments

Inputs KeyFigures

Loanprincipalamount Annualloanpayments

Blendedannualinterestrate Monthlypayments

RCC Pro Forma - May 23, 2013 Revision

Documents

Transcript of RCC Pro Forma - May 23, 2013 Revision