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Tri-County Social Service Agency is a not-for-profit organization in the Midwest. Use the following information to complete the cash budget for the year ending December

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Tri-County Social Service Agency is a not-for-profit organization in the Midwest. Use the following information to complete the cash budget for the year ending December 31 . - The Board of Trustees requires that Tri-County maintain a minimum cash balance of $15. - If cash is short, the agency may borrow from an endowment fund the amount required to maintain the $15minimum. - It is anticipated that the year will begin with an $18 cash balance. - Contract revenue is recelved evenly during the year. - Mental health income is expected to grow by $4 in the second and third quarters; no change is expected in the fourth quarter. Required: 2. Complete the cash budget for each quarter and the year as a whole. 3. Determine the amount that the agency will owe the endowment fund at year-end: Complete this question by entering your answers in the tabs below. Complete the cash budget for each quarter and the year as a whole. (Cash deficiency and repayments should be indicated by a minus sign. Enter your answers in thousands.) - The Board of Trustees requires that Tri-County maintain a minimum cash balance of $15. - If cash is short, the agency may borrow from an endowment fund the amount required to maintain the $15minimum. - It is anticipated that the year will begin with an $18 cash balance. - Contract revenue is recelved evenly during the year. - Mental health income is expected to grow by $4 in the second and third quarters; no change is expected in the fourth quarte Required: 2. Complete the cash budget for each quarter and the year as a whole. 3. Determine the amount that the agency will owe the endowment fund at year-end. Complete this question by entering your answers in the tabs below. Determine the amount that the agency will owe the endowment fund at year-end. (Enter your answer in thousands.)

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