Part 1
1. Refer to the case and your cost estimate in Module 13, assignment 1. Prepare a budget justi-fication using the format of Box 14.1.
2. Continuing the project from Module 13, assignment 2, prepare a budget justification for the project for which you have made a cost estimate.
Part 2
1. What is included in liquidity?
2. Develop a cash budget based on the following information about a K–12 school. Its fiscal year runs from July 1 to June 30.
Cash inflow:
Federal sources: $300,000, paid in January
State sources: $300,000, paid bimonthly
Local sources: $200,000, paid semiannually in July and January
Cash outflow:
Personnel services costs: $100,000
Contracted services: $10,000
School operations: $20,000
Facility operations & maintenance: $30,000
Assuming that the initial cash balance is $100,000 at the beginning of the school year and the cash safety margin is $10,000, what does the cash budget tell you? What do you do with this information?
Part 3 & 4 is attached to answer questions
