Name: Date: Class Day/Time: In Class Participation Exercise Cash Flow Budgeting Your task As a finance manager of an event management company, you are required to complete a cash flow forecast using the template provided. Your cash flow forecast will predict the bank balance at the end of each month for every month of the year. The information you have at your disposal to complete this task is as follows: The event management company has on its books four (4) major events that will take place in March, May, August, and October The total amount of $285,000 in ticket sales will be earned in the months that the events are held. The March event will earn $65,000, and the other events in May, August and October will earn $70,000, 85,000 and $65,000 respectively A. B. C. Annual (total) expenditure on Salaries $120,000 D. These expenditures represent the total costs of putting on the four events. Casual Wages - $10,000 Travel and transport $56,000 Venue Hire- $24,000 These expenditures will occur only in the months in which the four events take place. Annual expenditures for Office and Administration-$36,000 The company's opening bank balance on 1 January is $5,000 The company will receive a government grant of $50,000 in July. The company will generate cash from Merchandising during the months in which the four events are staged. March $1,300 May - $1,600 August- $1,800 October-$1,300 E. F. G. H. Ticket