Feerick Ctc

CKM CHILDCARE, L.L.C. COMPARISON BETWEEN COUNTRYSIDE COSTS PER 2008 TAX RETURN AND EXPECTED COSTS PER FEERICK PROJECTION FOR "CURRENT ENROLLMENT-YEAR 1" (PER ) (PER ) (FORM 1120 )(FEERICK )DIFFERENCE INCOME TUITION FOOD SUBSIDIES FROM STATE TOTAL PER FORM 1120 EXPENSES SALARIES AND WAGES REPAIRS AND MAINTENANCE RENTS TAXES AND LICENSES DEPRECIATION ADVERTISING OTHER DEDUCTIONS AUTO AND TRUCK EXPENSES PROFESSIONAL FEES MAINTENANCE OFFICE EXPENSES POSTAGE SUPPLIES TELEPHONE UTILITIES FOOD HEAT RUBBISH INSURANCE POOL AND SUPPLIES CELL PHONE CASUAL LABOR LIFE SAFETY BUSINESS LOANS PAYBACK PROFESSIONAL DEVELOPMENT TOTAL OTHER DEDUCTIONS TOTAL PER FORM 1120

272,561 17,141 289,702

272,480 272,480

81 17,141

WE HAVE PRESENTED FOO

163,753 4,905 18,920 14,425 5,442 1,934

208,180 700 19,560 20,818 -

(44,427) 4,205 (640) (6,393) 5,442 1,934

STAFFING IS AS REQUIRED MOST REPAIRS WILL BE D PER LEASE FUNCTION OF HIGHER PA NON-CASH EXPENSE NO IDENTIFIED NEED TO I

4,748 650 959 3,553 504 3,505 1,464 3,409 11,345 3,006 905 4,136 920 584 3,172 697 19,500 1,470 64,527 273,906

700 2,880 2,400 2,640 1,200 4,100 600 14,520 263,778

4,748 650 259 3,553 504 3,505 1,464 529 8,945 366 (295) 36 920 584 3,172 697 19,500 870 50,007 10,128

NO IDENTIFIED NEED TO I INCORPORATED INTO FEE REASONABLE WE EXPECT THESE COSTS WE EXPECT THESE COSTS WE EXPECT THESE COSTS WE EXPECT THESE COSTS REASONABLE WE HAVE PRESENTED FOO REASONABLE REASONABLE PER QUOTE NO IDENTIFIED NEED TO I NO IDENTIFIED NEED TO I NO IDENTIFIED NEED TO I NO IDENTIFIED NEED TO I NO IDENTIFIED NEED TO I REASONABLE

LLMENT-YEAR 1"

WE HAVE PRESENTED FOOD COSTS NET OF STATE REIMBURSEMENT

STAFFING IS AS REQUIRED BY STATE GUIDELINES MOST REPAIRS WILL BE DONE BY THOMAS FEERICK PER LEASE FUNCTION OF HIGHER PAYROLL NON-CASH EXPENSE NO IDENTIFIED NEED TO INCUR THIS COST

NO IDENTIFIED NEED TO INCUR THIS COST NCORPORATED INTO FEES FOR FEERICK FENCING REASONABLE WE EXPECT THESE COSTS TO BE INSIGNIFICANT WE EXPECT THESE COSTS TO BE INSIGNIFICANT WE EXPECT THESE COSTS TO BE INSIGNIFICANT WE EXPECT THESE COSTS TO BE INSIGNIFICANT REASONABLE WE HAVE PRESENTED FOOD COSTS NET OF STATE REIMBURSEMENT REASONABLE REASONABLE PER QUOTE NO IDENTIFIED NEED TO INCUR THIS COST NO IDENTIFIED NEED TO INCUR THIS COST NO IDENTIFIED NEED TO INCUR THIS COST NO IDENTIFIED NEED TO INCUR THIS COST NO IDENTIFIED NEED TO INCUR THIS COST REASONABLE

FEERICK FENCING THOMAS J. FEERICK-SOLE PROPRIETOR STATEMENT OF INCOME AND EXPENSES-CASH BASIS FOR THE TEN-MONTH PERIOD ENDING OCTOBER 31, 2009

SALES

131,497

COST OF GOODS SOLD BEGINNING INVENTORY PURCHASES TOTAL GOODS AVAILABLE FOR SALE ENDING INVENTORY COST OF GOODS SOLD

435 55,179 55,614 (10,201) 45,413

GROSS MARGIN OPERATING EXPENSES SUPPLIES ADVERTISING TRAVEL REPAIRS AND MAINTENANCE INSURANCE, LICENSES AND REGISTRATIONS TELEPHONE TOOLS RENTAL OFFICE SUPPLIES SUBCONTRACTORS TOTAL OPERATING EXPENSES NET INCOME BEFORE PROVISION FOR SELF-EMPLOYMENT TAXES ESTIMATED PROVISION FOR SELF-EMPLOYMENT TAXES NET INCOME

86,084

3,435 8,111 8,018 409 414 1,194 1,011 406 327 650 23,975

62,109

8,775 53,334

OTHER NOTES ACCOUNTS RECEIVABLE AT 10/31/09-NOT INCLUDED ABOVE ACCOUNTS PAYABLE AT 10/31/09 SIGNED CONTRACTS FOR WORK TO BE PERFOMED

10,885 54,000

FEERICK FENCING 2006 NET INCOME

2007

2008

2009

20,383

12,269

8,416

53,334

DEPREC

8,833

7,776

7,841

-

HOME OFFICE

1,679

2,532

320

-

30,895

22,577

16,577

53,334

NET INCOME

3-YEAR AVERAGE

30,829

4-YEAR AVERAGE

30,846

TOM AND MARGARET FEERICK DEBT:INCOME RATIOS WAGES-PEG(AS ADJUSTED) SCHEDULE C-3-YEAR AVG SCHEDULE E-RENTAL NET LOSS PER 2008 RETURN (15,200) INTEREST 9,535 TAXES 2,709 DEPRECIATION 9,632

TOTAL ANNUAL INCOME MONTHLY INCOME

28,000 30,829

6,676

65,505 5,459

MONTHLY P&I AND TAXES 2,099

DEBT:INCOME RATIO

38.45%