MAIN Wireless Project

Pro Forma P & L

Year 1

Year 2

Year 3

Year 4

Year 5

Income

User Fees (sch A)

56,441

192,504

250,104

307,704

365,304

Grants

580,000

55,000

-

-

-

CPE Installation Fees

18,500

18,000

12,000

12,000

12,000

Total Income

654,941

265,504

262,104

319,704

377,304

Expense

Salaries

95,000

114,000

119,700

125,685

131,969

Payroll Tax Expense

8,075

9,690

10,175

10,683

11,217

Health Insurance

7,078

8,493

8,918

9,364

9,832

Retirement Plan

9,000

11,340

11,907

12,502

13,127

Insurance

6,000

6,300

6,615

6,946

7,293

Marketing

4,000

4,000

4,000

4,000

4,000

Equipment Rental

300

100

100

100

100

Telephone-Cell/Pager

1,000

1,000

1,000

1,000

1,000

Travel

1,200

2,500

2,500

2,500

2,500

Training

11,000

5,000

5,000

5,000

5,000

Other Expenses

1,000

500

500

500

500

Total Non-network Expense

143,653

162,923

170,415

178,280

186,538

Network Expense

Connectivity (sch B)

19,000

63,000

52,000

66,000

80,000

Contract labor

79,000

2,000

2,000

2,000

2,000

Equipment (sch C)

386,865

20,000

30,000

60,000

60,000

Maintenance Contract

15,000

15,000

15,000

15,000

15,000

Total Network Expense

499,865

100,000

99,000

143,000

157,000

Total Expenses

643,518

262,923

269,415

321,280

343,538

Net Income

11,423

2,581

-7,311

-1,576

33,766

Beginning Cash Balance

-

11,424

14,005

6,695

5,119

Ending Cash Balance

11,424

14,005

6,695

5,119

38,884