Bank Services Corporation (BSC) Rocky Mountain Region Financial Performance Check Processing Centers Total Billings Great Falls Clayton Sales . . . . .. ..... $50,000,000 $20,000,000 $18,000,000 $12,000,000 Operating expenses: Direct labor .. . . . . . 32,000,000 12,500,000 11,000,000 8,500,000 Variable overhead . . . . . .. 850,000 350,000 310.000 190,000 Equipment depreciation ... .. 3,900,000 1,300,000 1,400,000 1 200,000 Facility expense . ... . . . .. 2,800,000 900,000 800,000 Local administrative expense* 1.100,000 . . . . 450,000 140,000 160,000 150,000 Regional administrative expense . . 1,500,000 Corporate administrative expenset . 600,000 540,000 380,000 4,750,000 1,900,000 1,710,000 1.140,000 Total operating expenses . . .. . . .. 46,250,000 17.690,000 15,920,000 12.640,000 Net operating income (loss) . . .. .. $ 3,750,000 $ 2,310,000 $ 2,080,000 $ (640,000) "Local administrative expenses are the administrative expenses Incurred at the check processing centers. *Regional administrative expenses are allocated to the check processing canters based on sales. *Corporate administrative expenses are charged to segments of the company such as the Rocky Mountain Region and the check processing centers at the rate of 9.5% of their sales