• 1. Betsy has also provided you with the following expenditure information that you will need to consider when preparing your cash flow budget. This data has been sourced from historical data, committed costs for the B&B and Marino Enterprises policy:
• Marino Enterprises overheads are $2000. All individual businesses and departments pay this overhead in August of each year.
• Lease payments are $1,500 monthly.
• Combined insurance coverage to increase to $1,400 per year paid in two equal payments in March and September.
• General repairs and maintenance to the property of $4,800 pa to be budgeted monthly.
• Digital marketing and advertising costs will be $2,400 pa, payable monthly.
• Charges for out-sourced laundering is $800 per month.
• Electricity charges are payable every quarter as follows:

• September: $2,200
• December: $2,000
• March: $2,400
• June: $3,000.

• General monthly miscellaneous expenses amount to $600/month.

You also know from your experience and the management of the property that:

• You need to replace some linen and towels at the cost of $2000 and replace kitchenware consumables to the value of $1000 at some point in the year. You will need to decide when it is best to include this expenditure in your budget along with an explanation to Betsy as to why you think it is best budgeted for in those months.
• The monthly cost of F&B stock is predicted to run at 40% of the food and beverage sales. You will need to calculate this cost into your projections.
• The cost of labour is calculated at 25% of all monthly sales. You will need to calculate this cost into your projections