Essentials Of Cost Accounting For Health Care Organizations 3rd Edition by Steven Finkler, David Ward,Judith Baker

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Caring Foundation gives a $93,000 grant to Homeless Shelters at the start of their year on January 1. To expand its activities, Homeless Shelters also convinces the city, state, and county governments to give it additional funds for the year. The city will give it $24,000, the state will give it $88 ,0 0 0 , and the county will give it $50,000. The city pays its share in equal monthly installments, after the month has ended (the payment for January arrives in February, and so forth). The state pays 50 percent in the first month of the year, and the balance equally over the remaining months. The county pays 10 percent of its outstanding balance each month, with any balance paid in the last month. Prepare a cash budget for January, February, and March, showing just the cash inflows for each month.