Current Assets KCB-Bank acount 488,654,200 18,685, ,968, ,968,563

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1 MKOPO SACCO LIMITED Opening balances Budget projections Projected final TB Projected P&L Projected FP BALANCE SHEET ITEMS Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr ASSETS Fixed Assets Furnt,Fixtures and Fittings 2,577,697 5,555,872 8,133,569 8,133,569 Motor Vehicles 67,964,295 1,800,000 69,764,295 69,764,295 Computer Hardware 17,953,830 9,371,291 27,325,121 27,325,121 Office Equipment 65,997,939 1,958,473 67,956,412 67,956,412 Computer Software 29,351,214 29,351,214 29,351,214 Current Assets KCBBank acount 488,654,200 18,685, ,968, ,968,563 Investments (Unquoted) COOP Bank 14,208,000 14,208,000 14,208,000 KUSCCO Limited 2,509,069 2,509,069 2,509,069 Old Mutual 229,080, ,080, ,080,076 Cooperative Insur. Co. 2,184,526 2,184,526 2,184,526 LOAN ASSETS Development Loans to Members 38,443,325 38,443,325 38,443,325 Education Loans to Members. 15,872 15,872 15,872 Micro Credit Loans to Members 5,897,910 5,897,910 5,897,910 Mortgage loans to members Fosa Advance to Members 118, , ,400 Staff Loans 3,203,660 3,203,660 3,203,660 Main Savings Scheme Education Savings Scheme 7,675,865 (7,675,865) (7,675,865) Risk Savings Scheme 867,490 (867,490) (867,490) Mortgage Scheme 145,075,630 (145,075,630) (145,075,630) Capital Reserves Statutory Reserves 116,013, ,013, ,013,900 General Reserves 118,312, ,312, ,312,860 Capital Reserves 760, , ,400 Retained Earnings 102,331, ,331, ,331,708 Revaluation Reserve 135,137, ,137, ,137,552

2 Member Share Capital 341,984, ,984, ,984,609 INCOME Develpoment Loan Interest Dev Loan Processing Fees Education Loan Interest Education Loan Processing Fees Micro Loan Interest Micro Loan Processing Fee FOSA Income Rental Income Dividend Income Bank Interest Shares Transfers Fees FDR Interest EXPENSES Personnel expenses Salaries & Wages House Allowance Medical Leave Allowance Uniforms Staff Party and Awards Staff Training Transport Staff Subsistence Provident Fund NSSF Retrenchment Staff Gratuity Voluntary Early Retirement Board Expenses Transport Reinbursement Subsistence and Travelling Committee Training Members Expenses Leaders' Conference Branch AGMs

3 Annual Delagate Conference Branch Running Expenses Delegates Education Members' Education Administrative Expenses Insurance Rents and Rates Premises Maintenance Mobile and Telecommunications Entertainment Office Printing and Stat. Advert and Public Relation Donation Motor Vehicle Running Telephone Repairs & Maint Newspapers * Periodicals Computer Stationery Ushirika Day Celebrations Premises Cleaning Equipments Rep. & Maintenance Computer Repairs * Maintenance Software Maintenance Water Electricity Subscription Postage Security SASRA License Investment Charges Legal & Professional Audit & Supervision Bank Charges Coop Bank Loan Interest Fosa Interest Expense Depreciation & Armotization Computer Hardware Fixtures & Fittings Office Equipment Motor Vehicle Computer Software

4 968,160, ,160,014 18,685,637 18,685, ,541, ,541, ,541, ,541, ,541, ,541,029 (0)

5 MKOPO SACCO LIMITED Budget Journal Dr Cr JV001 Furnt,Fixtures and Fittings 5,555,872 Motor Vehicles 1,800,000 Computer Hardware 9,371,291 Office Equipment 1,958,473 Bank 18,685,637 Being proposed purchase of fixed assets

6 MKOPO SACCO LIMITED Budget Items & Responsibilities Departments Membership recruitment & BALANCE SHEET ITEMS Credit Dept ICT Dept Retention HR & Admin Finance Totals ASSETS Ksh Ksh Ksh Ksh Ksh Ksh Fixed Assets Furnt,Fixtures and Fittings Motor Vehicles Computer Hardware Office Equipment Computer Software Investments (Unquoted) COOP Bank KUSCCO Limited Old Mutual Cooperative Insur. Co. LOAN ASSETS Development Loans to Members Education Loans to Members. Micro Credit Loans to Members Mortgage loans to members Fosa Advance to Members Staff Loans Members Savings Schemes Main Savings Scheme Education Savings Scheme Risk Savings Scheme

7 Mortgage Scheme INCOME Develpoment Loan Interest Dev Loan Processing Fees Education Loan Interest Education Loan Processing Fees Micro Loan Interest Micro Loan Processing Fee FOSA Income Other Income Rental Income Dividend Income Bank Interest Shares Transfers Fees FDR Interest EXPENSES Personnel expenses Salaries & Wages House Allowance Medical Leave Allowance Uniforms Staff Party and Awards Staff Training Transport Staff Subsistence Provident Fund NSSF Retrenchment

8 Staff Gratuity Voluntary Early Retirement Board Expenses Transport Reinbursement Subsistence and Travelling Committee Training Members Expenses Leaders' Conference Branch AGMs Annual Delagate Conference Branch Running Expenses Delegates Education Members' Education Administrative Expenses Insurance Rents and Rates Premises Maintenance Mobile and Telecommunications Entertainment Office Printing and Stat. Advert and Public Relation Donation Motor Vehicle Running Telephone Repairs & Maint Newspapers * Periodicals Computer Stationery Ushirika Day Celebrations Premises Cleaning Equipments Rep. & Maintenance Computer Repairs * Maintenance

9 Software Maintenance Water Electricity Subscription Postage Security SASRA License Investment Charges Legal & Professional Audit & Supervision Bank Charges Coop Bank Loan Interest Fosa Interest Expense Depreciation & Armotization Computer Hardware Fixtures & Fittings Office Equipment Motor Vehicle Computer Software

10 MKOPO SACCO LIMITED COMBINED BUDGET PROJECTIONSFY 2019 BALANCE SHEET ITEMS Credit Dept ICT Dept Membership recruitment & Retention HR & Admin Finance Totals ASSETS Ksh Ksh Ksh Ksh Ksh Ksh Furnt,Fixtures and Fittings 111, ,500 5,407,000 5,555,872 Motor Vehicles 1,800,000 1,800,000 Computer Hardware 302, ,961, , , ,456 9,371,291 Office Equipment 29, , ,500 1,125,000 1,958,473 Computer Software Investments (Unquoted) COOP Bank KUSCCO Limited Old Mutual Cooperative Insur. Co. LOAN ASSETS Development Loans to Members Education Loans to Members. Micro Credit Loans to Members Mortgage loans to members Fosa Advance to Members Staff Loans Members Savings Schemes Main Savings Scheme Education Savings Scheme Risk Savings Scheme Mortgage Scheme INCOME

11 Develpoment Loan Interest Dev Loan Processing Fees Education Loan Interest Education Loan Processing Fees Micro Loan Interest Micro Loan Processing Fee FOSA Income Other Income Rental Income Dividend Income Bank Interest Shares Transfers Fees FDR Interest EXPENSES Personnel expenses Salaries & Wages House Allowance Medical Leave Allowance Uniforms Staff Party and Awards Staff Training Transport Staff Subsistence Provident Fund NSSF Retrenchment Staff Gratuity Voluntary Early Retirement Board Expenses

12 Transport Reinbursement Subsistence and Travelling Committee Training Members Expenses Leaders' Conference Branch AGMs Annual Delagate Conference Branch Running Expenses Delegates Education Members' Education Administrative Expenses Insurance Rents and Rates Premises Maintenance Mobile and Telecommunications Entertainment Office Printing and Stat. Advert and Public Relation Donation Motor Vehicle Running Telephone Repairs & Maint Newspapers * Periodicals Computer Stationery Ushirika Day Celebrations Premises Cleaning Equipments Rep. & Maintenance Computer Repairs * Maintenance Software Maintenance Water Electricity Subscription

13 Postage Security SASRA License Investment Charges Legal & Professional Audit & Supervision Bank Charges Coop Bank Loan Interest Fosa Interest Expense Depreciation & Armotization Computer Hardware Fixtures & Fittings Office Equipment Motor Vehicle Computer Software 443, ,427,100 1,080, ,456 8,533,456 18,685,637

14 MKOPO SACCO LIMITED Dept: CREDIT PRACTICAL BUDGETING2019 Responsible: Item Description QTY Unit Price DEPARTMENTAL CAPEX BUDGET2019 Price Variation factor Total cost Timing Ksh ASSETS Furnt,Fixtures and Fittings 0 Motor Vehicles 0 Computer Hardware 0 Office Equipment 0 Computer Software 0 TOTAL CAPEX 0

15 MKOPO SACCO LIMITED Department: CREDIT REVENUE EXPENDITURE BUDGET Budget Resposibility: No. of Price EXPENSES Budget Budget base Units per Periods Price per variation Annual Timing Budget account Base Description Period Per annum unit factor Totals Personnel expenses Ksh Ksh Salaries & Wages Employees Centrally budgeted by HRM House Allowance Employees Fixed house allowance per staff category Category A , ,600,000 Category B , ,600,000 Category C , ,960,000 20,160,000 Monthly Medical Employees Rate per family,by employee category Category A , ,160 Category B , ,760 Category C , , ,180 Jan Uniforms Employees 54 No. of uniformed employees (2pcs each) ,800 91,800 Jan/June Staff Party and Awards Employees Presents 10 presents at Ksh 5,000 each , ,000 Food For 70 people at Ksh 1500 each , ,000 Beverages For 70 people at Ksh 1000 each , , ,000 Dec Leave Allowance Staff Training Transport Staff Subsistence Provident Fund NSSF Retrenchment Staff Gratuity Voluntary Early Retirement Monthly

16 MKOPO SACCO LIMITED Department: CREDIT REVENUE EXPENDITURE BUDGET Budget Responsibility: No. of Price EXPENSES Budget Budget base Units per Periods Price per variation Annual Timing Base Description Period Per annum unit factor Totals Board Expenses BOD members Ksh Ksh Transport Reinbursement 1 Subsistence and Travelling 1 Committee Training 1 Total Board expenses

17 MKOPO SACCO LIMITED Department: CREDIT REVENUE EXPENDITURE BUDGET Budget Responsibility: No. of Price EXPENSES Budget Budget base Units per Periods Price per variation Annual Timing Base Description Period Per annum unit factor Totals Members Expenses Ksh Ksh Leaders' Conference Branch AGMs Annual Delagate Conference Branch Running Expenses Delegates Education Members' Education Total Members Expenses

18 MKOPO SACCO LIMITED Department: CREDIT REVENUE EXPENDITURE BUDGET Budget Responsibility: ManagerCredit No. of Price EXPENSES Budget Budget base Units per Periods Price per variation Annual Timing Base Description Period Per annum unit factor Totals Depreciation and Amortisation Ksh Ksh Computer Hardware Fixtures & Fittings Office Equipment Motor Vehicle Computer Software Total Depreciation and armotization

19 MKOPO SACCO LIMITED Department: CREDIT REVENUE EXPENDITURE BUDGET Budget Responsibility: ManagerCredit No. of Price EXPENSES Budget Budget base Units per Periods Price per variation Annual Timing Base Description Period Per annum unit factor Totals Administration Expenses Ksh Ksh Insurance Rents and Rates Premises Maintenance Mobile and Telecommunications Entertainment Office Printing and Stat. Advert and Public Relation Donation Motor Vehicle Running Telephone Repairs & Maint Newspapers * Periodicals Computer Stationery Ushirika Day Celebrations Premises Cleaning Equipments Rep. & Maintenance Computer Repairs * Maintenance Software Maintenance Water Electricity Subscription Postage Security SASRA License Investment Charges Legal & Professional Audit & Supervision Bank Charges Coop Bank Loan Interest Fosa Interest Expense

20 MKOPO SACCO LIMITED Department: CREDIT REVENUE EXPENDITURE BUDGET Budget Responsibility: ManagerCredit No. of Price EXPENSES Budget Budget base Units per Periods Price per variation Annual Timing Base Description Period Per annum unit factor Totals Investments (Unquoted) Share units Ksh Ksh COOP Bank KUSCCO Limited Old Mutual Cooperative Insur. Co. Total Investments(unquoted)

21 MKOPO SACCO LIMITED Department: CREDIT REVENUE EXPENDITURE BUDGET Budget Responsibility: ManagerCredit No. of Price Member Deposits Scheme Budget Budget base Units per Periods Price per variation Annual Timing Base Description Period Per annum unit factor Totals Ksh Ksh Main Savings Scheme No. of members Education Savings Scheme Micro Savings Scheme. FOSA Staff Savings. FOSA Non Staff Scheme. Minor Savings Accounts Risk Savings Scheme Mortgage Scheme Risk Bonus,Refunds,Loan W/O IPO Savings Scheme Domestic Savings Scheme Dividend Accounts Member Collection Account. Entrance Fees TOTALS

22 MKOPO SACCO LIMITED Department: CREDIT REVENUE EXPENDITURE BUDGET Budget Responsibility: ManagerCredit No. of Price Other Income Budget Budget base Units per Periods Price per variation Annual Timing Base Description Period Per annum unit factor Totals Rental Income Ksh Ksh Dividend Income Bank Interest Shares Transfers Fees FDR Interest Totals

BUDGET NOTES TO THE BUDGET FOR THE YEAR 2010 A) INCOME. 071: Interest from loans to members Kshs.630 million.

BUDGET NOTES TO THE BUDGET FOR THE YEAR 2010 A) INCOME 071: Interest from loans to members Kshs.630 million. Loans to members are expected to increase at the rate of 19% during the year 2010 in line with