Cash Flow Budget information\ Pretend that it's the end of 2023.\ We'll complete a cash flow budget for 2024 over the next couple of days. Use the template on Canvas.\ We want to maintain a minimum of

$8,500

in our checking account (which we call "cash"), and a minimum of

$20,000

in our savings account, at all times. In this simplified world, our savings account isn't earning any interest.\ We had

$8,620

cash on hand at the end of 2014 , and

$20,540

in savings.\ We start the year 2015 with an operating loan balance due of

$69,420

\ We start the year 2015 with a total balance due on term debt of

$224,930

\ We budget

$2,340

per month for family living expenses\ We expect

$1,400

per month in nonfarm income, except in December when a holiday bonus will bring it to

$1,920

\ In the month of January:\ We will sell crops for

$35,100

\ We will receive a government payment of

$3,900

\ We will have

$17,000

in operating expenses\ We will purchase feed for

$2,300

\ The end-of-month accrued interest on the operating loan will be

$3,500

\ Any extra cash will be paid on our operating loan debt\ The minimum ending cash balance is

$8,500

\ Right now it is

$27,380

\ We will pay how much toward our operating loan debt this month?

$18,180

\ Our ending operating loan balance is

$50,540

\ Our ending term debt balance is

$224,930

Cash Flow Budget information Pretend that it's the end of 2023. We'll complete a cash flow budget for 2024 over the next couple of days. Use the template on Canvas. - We want to maintain a minimum of $8,500 in our checking account (which we call "cash"), and a minimum of $20,000 in our savings account, at all times. In this simplified world, our savings account isn't earning any interest. - We had $8,620 cash on hand at the end of 2014 , and $20,540 in savings. - We start the year 2015 with an operating loan balance due of $69,420 - We start the year 2015 with a total balance due on term debt of $224,930 - We budget $2,340 per month for family living expenses - We expect $1,400 per month in nonfarm income, except in December when a holiday bonus will bring it to $1,920 - In the month of January: - We will sell crops for $35,100 - We will receive a government payment of $3,900 - We will have $17,000 in operating expenses - We will purchase feed for $2,300 - The end-of-month accrued interest on the operating loan will be $3,500 - Any extra cash will be paid on our operating loan debt The minimum ending cash balance is $8,500 Right now it is $27,380 We will pay how much toward our operating loan debt this month? $18,180 Our ending operating loan balance is $50,540 Our ending term debt balance is $224,930