D. Debtor Pro Mold’s emergency or interim use of cash collateral as detailed in the Debtor Pro Mold’s Interim Budget that is attached hereto shall be and is hereby authorized pursuant to 11 U.S.C. §363(c)(2)(B) to prevent interruption in the operations of Debtor Pro Mold’s business pending a final hearing on the Debtor’s use of cash collateral.
Extract from -
AGREED ORDER ON DEBTOR’S AMENDED EMERGENCY MOTION TO USE CASH COLLATERAL
05/31/2007 53 Agreed Order Granting in Part Debtor's Amended Emergency Motion to Use Cash Collateral and Agreed Order Setting Final Hearing on this matter. (RE: related document(s)22 Motion for Use of Cash Collateral, filed by Debtor Pro Mold, Inc.). Hearing scheduled for 6/7/2007 at 01:30 PM at Lexington Courtroom, 3rd Floor. (baa) (Entered: 05/31/2007)
------------------------
Doc 53
OCR of page 9
-----------------
PRO MOLD, INC, BUDGET FOR NEXT 30 DAYS AS OF MAY 17, 2007
COLLECTIONS ON ACCOUNTS RECEIVABLE $ 443,000
OPERATING EXPENDITURES:
PURCHASE OF MATERIALS:
PURCHASES-RESIN 183,000
PURCHASES - CARTONS 6,000
PURCHASES - BAGS 5,000
PURCHASES - COLOUR 2,000
TOTAL MATERIALS 196,000
SALARIES, WAGES AND BENEFITS:
SALARIES AND WAGES 113,000
PAYROLL TAXES 9,920
401(K) PLAN CONTRIBUTIONS 1,000
GROUP INSURANCE 4,810
TOTAL SALARIES AND BENEFITS 128,730
TEMPORARY LABOR 16,000
REPAIRS AND MAINTENANCE 1,855
FREIGHT-IN 1,682
FACTORY SUPPLIES 5,804
ELECTRICITY 9,954
GAS 502
WATER AND SEWER 659
MISCELLANEOUS EXPENSES 100
MEDICAL EXPENSES 600
RENT FOR FACILITIES 18,417
LEASING EXPENSE 1,118
INSURANCE-GENERAL 6,972
TRAVEL & ENTERTAINMENT 725
OFFICE EXPENSE/SUPPLIES 781
POSTAGE 215
BOOKKEEPING SERVICE 754
DATA PROCESSING 1,290
PROFESSIONAL FEES (LEGAL & ACCOUNTING) 1,000
TELEPHONE & TELEGRAPH 1,223
TAXES & LICENSES 500
JANITORIAL SUPPLIES 272
ADVERTISING 117
AUTOMOBILE EXPENSE-MATT (SALES) 1,000
MISCELLANEOUS EXPENSE (SALES) 300
ALL POINTS CAPITAL EQUIPMENT LEASE 12,676
JOHN P. MURPHY, III TRUST NOTE NO. 1 3,088
JOHN P. MURPHY, III TRUST NOTE NO. 2 9,619
JOHN P. MURPHY, III TRUST NOTE NO. 3 4,740
SUBTOTAL EXPENDITURES 426,693
EXCESS OF COLLECTIONS ON ACCOUNTS
RECEIVABLE OVER OPERATING EXPENDITURES 16,307
TOTAL CRITICAL VENDOR PAYMENTS 37,740
NET CASH DEFICIENCY $ (21,433) |
