At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget should provide enough cash on December 31 to pay for spring semester tuition, which is equal to fall tuition. The following information relates to the budget:

Cash balance, September 1 (from a summer job)	$8,750
Buy football season tickets in September	170
Additional entertainment for each month	270
Pay tuition for the fall semester in September	4,600
Pay rent at the beginning of each month	650
Pay for food every month	600
Pay the deposit of the apartment on September 2 (to be returned on December 15)	650
Part-time job earnings each month (net of taxes)	1,300

to. Prepare a cash budget for September, October, November and December. Enter all amounts as positive values except the decrease in cash which should be indicated with a minus sign.

Craig Kovar
cash budget
For the four months ending December 31
	September		October		November		December
Estimated cash receipts from:
Part time job		ps		ps		ps		ps
Deposit
Total cash inflows		ps		ps		ps		ps
Less estimated cash payments for:
football season tickets		ps
additional entertainment				ps		ps		ps
Registration
Rent
Food
Deposit
Total cash payments		ps		ps		ps		ps
Increase (decrease) in cash		ps		ps		ps		ps
Plus cash balance at the beginning of the month
Cash balance at the end of the month		ps		ps		ps		ps

b. Are the four monthly budgets that are presented prepared as (static budgets or flexible budgets)?

C. What are the budget implications for Craig Kovar?

Craig can see that his current plan will (will OR will not provide) enough cash. If Craig did not budget but went ahead with the original plan, he would have $________ (give or take) at the end of December, with no time to adjust.