Financial Plan

The budget shown here is based off of first-year estimates and projected cost for the year 2015.
The Kansali School of the Arts will commence operation in January 2015. Each month of the year, the
organization will use one twelfth of a 30,000-dollar loan whose payments will begin in the next year. The
organization will also receive a public education grant of 24,000 dollars that will supplement the loan as
well as student fees. Total income from student fees is based on a sixty-dollar monthly fee from each
student and 100 students enrolled. Fundraising efforts will also be undertaken to supplement program
costs. Finally, revenue will be generated through ticket sales to the large performance that will be held in
July.
Administrative support is a part-time secretary who will assist administration with their work. Starting in
April, the number of hours for this person will be reduced as the efficiency of the startup is improved
through practiced operation.
Advertising will be funded the most leading up to the new enrollment period.
The monthly computer expense is a composite average of the cost of anti-virus software annually for the
computer to be purchased for the classroom.
The cost of electricity is based off of daytime rate for 1700 square feet.
Liability insurance is purchased biannually is based off of an organization working with children that has
6 full-time employees and up to 10 part-time employees who have no criminal records.
Rent was based off estimated costs in Boone for an non-air-conditioned space in a non-residential
municipal zone.

January

February

March

April

May

June

July

August

September

October

November

December

INCOME

Total
Grants USD 2,000.00 USD 2,000.00 USD 2,000.00 USD 2,000.00 USD 2,000.00 USD 2,000.00 USD 2,000.00 USD 2,000.00 USD 2,000.00 USD 2,000.00 USD 2,000.00 USD 2,000.00
Loans USD 2,500.00 USD 2,500.00 USD 2,500.00 USD 2,500.00 USD 2,500.00 USD 2,500.00 USD 2,500.00 USD 2,500.00 USD 2,500.00 USD 2,500.00 USD 2,500.00 USD 2,500.00
Student Fees USD 6,000.00 USD 6,000.00 USD 6,000.00 USD 6,000.00 USD 6,000.00 USD 6,000.00 USD 6,000.00 USD 6,000.00 USD 6,000.00 USD 6,000.00 USD 6,000.00 USD 6,000.00
Private Donors USD 1,642.25 USD 1,280.00 USD 1,945.75 USD 1,010.00 USD 1,420.50 USD 1,985.00 USD 2,047.01 USD 1,135.11 USD 1,306.33 USD 1,718.00 USD 1,009.00 USD 1,013.11
Fundraising
USD 373.00
USD 450.00
USD 225.00
USD 150.00
USD 402.00
USD 375.00
USD 499.01
USD 527.00
USD 610.00
USD 300.00
USD 657.00
USD 910.00
Ticket Sales
USD 30.00
USD 40.00
USD 65.00
USD 400.00
USD 600.00
USD 550.00
USD 900.00
USD 0.00
USD 0.00
USD 0.00
USD 0.00
USD 0.00
TOTAL INCOME USD 12,545.25 USD 12,270.00 USD 12,735.75 USD 12,060.00 USD 12,922.50 USD 13,410.00 USD 13,946.02 USD 12,162.11 USD 12,416.33 USD 12,518.00 USD 12,166.00 USD 12,423.11

USD 24,000.00
USD 30,000.00
USD 72,000.00
USD 17,512.06
USD 5,478.01
USD 2,585.00
USD 151,575.07

Monthly EXPENSES
Administrative Support
Advertising
Art supplies
Bank Charges
Cleaning Staff
Computer Expenses
Electiricity
Internet
Liability Insurance
Maintenance
Marketing
Miscellaneous
Natural Gas
Paper Towels
Printing
Rent
Rented Equipment
Renters Insurance
Content Creator 1
Content Creator 2
Marketing Manager
Financial Manager
Human Resources Manager
CEO
Toilet Paper
Vehicle Insurance
Vehicle Lease
Water

USD 500.00
USD 600.00
USD 50.00
USD 20.00
USD 1,000.00
USD 30.00
USD 300.00
USD 100.00
USD 4,000.00
USD 25.00
USD 100.00
USD 50.00
USD 150.00
USD 5.00
USD 40.00
USD 1,500.00
USD 0.00
USD 75.00
USD 1,180.00
USD 1,180.00
USD 1,180.00
USD 1,200.00
USD 1,350.00
USD 1,400.00
USD 12.00
USD 2,000.00
USD 400.00
USD 70.00

USD 400.00
USD 600.00
USD 50.00
USD 20.00
USD 1,000.00
USD 30.00
USD 300.00
USD 100.00
USD 0.00
USD 25.00
USD 100.00
USD 50.00
USD 120.00
USD 5.00
USD 40.00
USD 1,500.00
USD 0.00
USD 75.00
USD 1,180.00
USD 1,180.00
USD 1,180.00
USD 1,200.00
USD 1,350.00
USD 1,400.00
USD 12.00
USD 0.00
USD 400.00
USD 70.00

USD 5,100.00
USD 4,400.00
USD 600.00
USD 240.00
USD 12,000.00
USD 360.00
USD 3,600.00
USD 1,200.00
USD 8,000.00
USD 300.00
USD 1,200.00
USD 600.00
USD 990.00
USD 60.00
USD 480.00
USD 18,000.00
USD 0.00
USD 900.00
USD 14,160.00
USD 14,160.00
USD 14,160.00
USD 14,400.00
USD 16,200.00
USD 16,800.00
USD 144.00
USD 4,000.00
USD 4,400.00
USD 770.00

TOTAL EXPENSES USD 18,517.00 USD 12,417.00 USD 12,317.00 USD 12,087.00 USD 11,897.00 USD 11,897.00 USD 17,897.00 USD 11,897.00 USD 11,897.00 USD 12,137.00 USD 12,347.00 USD 12,387.00

USD 157,224.00

STARTUP COSTS
Music Stands USD 1,200.00
Chairs USD 1,400.00
Printed Music Ed Materials
USD 200.00
1 Baby Grand Piano USD 10,000.00
2 Upright Pianos USD 4,000.00
Computer
Digital Projector
ipod

USD 600.00
USD 600.00
USD 300.00

Printer

USD 400.00

Art Supplies

USD 400.00

TOTAL STARTUP COSTS USD 19,100.00

BALANCE:

-USD 24,748.93

USD 500.00
USD 500.00
USD 50.00
USD 20.00
USD 1,000.00
USD 30.00
USD 300.00
USD 100.00
USD 0.00
USD 25.00
USD 100.00
USD 50.00
USD 150.00
USD 5.00
USD 40.00
USD 1,500.00
USD 0.00
USD 75.00
USD 1,180.00
USD 1,180.00
USD 1,180.00
USD 1,200.00
USD 1,350.00
USD 1,400.00
USD 12.00
USD 0.00
USD 400.00
USD 70.00

USD 500.00
USD 400.00
USD 50.00
USD 20.00
USD 1,000.00
USD 30.00
USD 300.00
USD 100.00
USD 0.00
USD 25.00
USD 100.00
USD 50.00
USD 150.00
USD 5.00
USD 40.00
USD 1,500.00
USD 0.00
USD 75.00
USD 1,180.00
USD 1,180.00
USD 1,180.00
USD 1,200.00
USD 1,350.00
USD 1,400.00
USD 12.00
USD 0.00
USD 400.00
USD 70.00

USD 400.00
USD 300.00
USD 50.00
USD 20.00
USD 1,000.00
USD 30.00
USD 300.00
USD 100.00
USD 0.00
USD 25.00
USD 100.00
USD 50.00
USD 120.00
USD 5.00
USD 40.00
USD 1,500.00
USD 0.00
USD 75.00
USD 1,180.00
USD 1,180.00
USD 1,180.00
USD 1,200.00
USD 1,350.00
USD 1,400.00
USD 12.00
USD 0.00
USD 400.00
USD 70.00

USD 400.00
USD 200.00
USD 50.00
USD 20.00
USD 1,000.00
USD 30.00
USD 300.00
USD 100.00
USD 0.00
USD 25.00
USD 100.00
USD 50.00
USD 30.00
USD 5.00
USD 40.00
USD 1,500.00
USD 0.00
USD 75.00
USD 1,180.00
USD 1,180.00
USD 1,180.00
USD 1,200.00
USD 1,350.00
USD 1,400.00
USD 12.00
USD 0.00
USD 400.00
USD 70.00

USD 400.00
USD 200.00
USD 50.00
USD 20.00
USD 1,000.00
USD 30.00
USD 300.00
USD 100.00
USD 0.00
USD 25.00
USD 100.00
USD 50.00
USD 30.00
USD 5.00
USD 40.00
USD 1,500.00
USD 0.00
USD 75.00
USD 1,180.00
USD 1,180.00
USD 1,180.00
USD 1,200.00
USD 1,350.00
USD 1,400.00
USD 12.00
USD 0.00
USD 400.00
USD 70.00

USD 400.00
USD 200.00
USD 50.00
USD 20.00
USD 1,000.00
USD 30.00
USD 300.00
USD 100.00
USD 4,000.00
USD 25.00
USD 100.00
USD 50.00
USD 30.00
USD 5.00
USD 40.00
USD 1,500.00
USD 0.00
USD 75.00
USD 1,180.00
USD 1,180.00
USD 1,180.00
USD 1,200.00
USD 1,350.00
USD 1,400.00
USD 12.00
USD 2,000.00
USD 400.00
USD 70.00

USD 400.00
USD 200.00
USD 50.00
USD 20.00
USD 1,000.00
USD 30.00
USD 300.00
USD 100.00
USD 0.00
USD 25.00
USD 100.00
USD 50.00
USD 30.00
USD 5.00
USD 40.00
USD 1,500.00
USD 0.00
USD 75.00
USD 1,180.00
USD 1,180.00
USD 1,180.00
USD 1,200.00
USD 1,350.00
USD 1,400.00
USD 12.00
USD 0.00
USD 400.00
USD 70.00

USD 400.00
USD 200.00
USD 50.00
USD 20.00
USD 1,000.00
USD 30.00
USD 300.00
USD 100.00
USD 0.00
USD 25.00
USD 100.00
USD 50.00
USD 30.00
USD 5.00
USD 40.00
USD 1,500.00
USD 0.00
USD 75.00
USD 1,180.00
USD 1,180.00
USD 1,180.00
USD 1,200.00
USD 1,350.00
USD 1,400.00
USD 12.00
USD 0.00
USD 400.00
USD 70.00

USD 400.00
USD 400.00
USD 50.00
USD 20.00
USD 1,000.00
USD 30.00
USD 300.00
USD 100.00
USD 0.00
USD 25.00
USD 100.00
USD 50.00
USD 70.00
USD 5.00
USD 40.00
USD 1,500.00
USD 0.00
USD 75.00
USD 1,180.00
USD 1,180.00
USD 1,180.00
USD 1,200.00
USD 1,350.00
USD 1,400.00
USD 12.00
USD 0.00
USD 400.00
USD 70.00

USD 400.00
USD 600.00
USD 50.00
USD 20.00
USD 1,000.00
USD 30.00
USD 300.00
USD 100.00
USD 0.00
USD 25.00
USD 100.00
USD 50.00
USD 80.00
USD 5.00
USD 40.00
USD 1,500.00
USD 0.00
USD 75.00
USD 1,180.00
USD 1,180.00
USD 1,180.00
USD 1,200.00
USD 1,350.00
USD 1,400.00
USD 12.00
USD 0.00
USD 400.00
USD 70.00