Q1 SuperKids runs an after-school program at Elizabeth Warren Elementary School. There is a basic after school program that runs 5 days a week; and a chess club that runs 2 days per week. The County provides $10,000 each month to support the program; and pays the same month as the program operates. The school district pays $10 per child per day, and is billed at the end of the month and so pays the month after service is provided. Parents pay $5 per child per day for the after-school program and $8 per child per day for the chess program. 35% of parents pay the month of service, 45% pay one month later, 20% pay two months later. Utilities run $1,200 per month and are paid in the month incurred. Custodial costs are $3,750 and are paid the month after earned. Supplies cost $4 per child per day and are paid a month in arrears (i.e. the following month); food costs $3.75 per child per day and is paid for the month it's eaten. Rent is $3,600 per month, increasing to $4,200 on March 1 and is paid one month in advance. Program staff cost $90 per day and the staffing ratio is 15:1 for the after-school program and 6:1 for the chess program. Program staff are paid bi-weekly so assume that half of each month's cost is paid in the month worked and half the following month. The numbers of kids participating in the program is as follows, the chess club kids are in addition to the after-school kids: Jan Feb Numbers/Day After School Chess Club 60 40 March 80 50 120 60 Jan Feb 22 9 8 9 The number of days the programs run each month is as follows: Numbers/Day March Days/Month 23 20 Chess/Month For purposes of this question assume staffing and attendance as if all kids attend each day, i.e. no absences. Produce an operating budget for January, February and March and a cash budget for March only. What issues or concerns, if any, do you derive from your results