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Priscilla Wescot Cash Budget For the Four Months Ending December 31 September October November December 860 860 860 860 500 1,360 860 860 860 240 240 240 Estimated cash receipts from Part-time job Deposit Total cash receipts Less estimated cash payments for Season football tickets Additional entertainment Tuition Rent Food Deposit Total cash payments Cash increase (decrease) Plus: Cash balance at beginning of month Cash balance at end of month Required cash to pay for tuition Shortfall 340 190 340 190 340 190 90 240 3,800 340 190 500 5,160 (4,300) 6,950 2,650 770 90 2,650 2,740 770 90 2,740 2,830 770 590 2,830 3,420 3,800 (380) Reqb Static budget A budget that does not adjust to changes in activity levels As budget is fixed & does not change depending on activity level like entertainment or food Reqc Priscilla can see that her present plan will not provide sufficient cash. If Priscilla did not budget but went ahead with her original plan, she would be $380 short at the end of December, with no time left to adjust.
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