Table of Contents Appendix A: 2012 Balance Sheet Appendices Appendix B: 2013 Balance Sheet Appendix C: 2012 Income and Expense Statement Appendix D: 2012 Statement of Cash Flow Appendix E: 2012 Statement of Changes in Net Worth Appendix F: 2013 Budget Page 1
Appendix A Balance Sheet 1/1/2012 Assets Liabilities and Net Worth Cash/Cash Equivalents Current Liabilities JT Cash On Hand $100.00 JT Utility Bills due $318.00 JT Checking $200.00 JT Insurance Premiums due $276.00 JT Savings $100.00 JT Taxes due $1,911.00 Total Cash / Cash Equiv. $400.00 JT Mortgage Payment $1,135.00 JT Automobile Loan $338.00 Investment Assets Total Current Liabilities $3,978.00 H TSP $24,598.00 W 401(k) $4,591.00 Long-Term Liabilities JT Educational Fund $2,000.00, JT Mortgage $180,550 Total Investment Assets $31,189.00 JT Automobile Loan $17,856 Total Long-Term Liabilities $198,406 Personal-Use Assets JT Principal Residence $198,000 Total Liabilities $202,384 W Automobile #1 $10,972 H Automobile #2 $10,683 Net worth $90,033 H Boat $20,423 W Jewelry $750 Home Equity $17,450 JT Household/Furniture $20,000 Total Personal-Use Assets $260,828 Total Assets $292,417 Total Liabilities and Net Worth $292,417 Page 2
Appendix B Balance Sheet 1/01/2013 Assets Liabilities and Net Worth Cash/Cash Equivalents Current Liabilities JT Cash On Hand $100.00 JT Utility Bills due $328.00 JT Checking $100.00 JT Insurance Premiums due $276.00 JT Savings $1,400.00 JT Taxes due $1,968.00 Total Cash / Cash Equiv. $1,600.00 JT Mortgage Payment $1,135.00 JT Car Loan $338.00 Investment Assets Total Current Liabilities $4,045.00 H TSP $61,200.00 W 401(k) $8,699.00 Long-Term Liabilities W Retirement Savings Plan $6,039.00 JT Mortgage $154,010.00 JT Educational Fund $2,000.00 JT Automobile Loan $13,800.00 Total Investment Assets $77,938.00 Total Long-Term Liabilities $167,810.00 Personal-Use Assets JT Principal Residence $185,960.00 Total Liabilities $171,855.00 W Automobile #1 (blue book) $10,175.00 H Automobile #2 (blue book) $10,450.00 Net worth $154,718.00 H Boat $19,450.00 W Jewelry $1,000.00 Home Equity $31,950.00 JT Household/Furniture $20,000.00 Total Personal-Use Assets $247,035.00 Total Assets $326,573.00 Total Liabilities and Net Worth $326,573.00 Page 3
Appendix C Statement of Income and Expenses For the year 2012 INCOME Salary- Brittany $51,705.16 Salary- Brett $28,839.60 Housing Allowance $8,787.96 Subsistence Allowance $4,227.24 Investment Income Interest Income $33.40 $33.40 Total Inflow $93,593.32 Savings Brett TSP deferrals $2,731.00 Brittany 401(k) deferrals $1,488.00 Dividends $1,413.00 Educational Fund contribution $2,000.00 Total Savings $7,632.00 Available for Expenses $85,961.32 EXPENSES Ordinary Living Expenses Food $4,920.00 Clothing $1,000.00 Entertainment $4,000.00 Utilities $3,816.00 Auto Maintenance $1,860.00 Contributions $1,500.00 Child Care $4,000.00 Housing $1,920.00 Miscellaneous $4,230.00 Total Ordinary Living Expenses $27,246.00 Debt Payments Mortgage Payment Principal $6,540.00 Mortgage Payment Interest $7,080.00 Student Loan Payment $2,820.00 Automobile Payment $4,056.00 Total Debt Payments $20,496.00 Insurance Premiums Automobile Insurance Premiums $1,200.00 Boat Insurance $168.00 Health Insurance Premiums (Tri-Care Prime) $538.56 Homeowners Insurance Premiums $600.00 Life Insurance Premiums $624.00 Total Insurance Premiums $3,130.56 Taxes Federal Income Tax (W/H) $8,295.45 State Income Tax $4,505.32 FICA $6,346.54 Property Tax (Principal Residence) $4,692.00 Total Taxes $23,839.31 Total Expenses $74,711.87 Discretionary Cash Flow $11,249.45 Page 4
Appendix D Statement of Cash Flows For the Year Ending 12/31/12 Cash from/ for Operations (Income Statement) Discretionary Cash Flow from Income Statement $11,249.45 Adjustments to operating cash flows Increase of Investments from Savings Educational Fund $2,000.00 Brett s 401(k) $2,731.00 Brittany s 401(k) $1,488.00 $6,219.00 Decrease in Liabilities form Principal Repayments Mortgage on Principal Residence $6,540.00 Automobile $4,056.00 $10,596.00 Total Cash from Operations $28,064.45 Cash from/ (for) Investment Activities Increases of Investments from Savings Educational Fund -$2,000.00 Brett s 401(k) -$2,731.00 Brittany s 401(k) -$1,488.00 -$6,219.00 Total Cash from Investments -$6,219.00 Cash from/ (for) Financing Activities Decreases in Liabilities from Principal Repayments Mortgage on Principal Residence -$6,540.00 Automobile -$4,056.00 -$10,596.00 Total Cash from Finance -$10,596.00 Net Increase (Decrease) in Cash Flows $11,249.45 Ending Cash and Cash Equivalents $1,600.00 Beginning Cash and Cash Equivalents -$400.00 Net Increase (Decrease) in Cash Flows $1,200.00 Page 5
Appendix E Statement of Changes in Net Worth For the Year Ending 12/31/12 Additions to Net Worth Add (Non Cash Flow Adjustments to Net Worth) Increases in Assets: Appreciation of Assets Jewelry $250.00 Residence $3,960.00 Appreciation of Investments Brett s TSP $12,506.00 Brittany s 401(k) $1,727.00 Brittany s Retirement Savings Plan $1,234.00 Increase of Investment Contributions Brett s TSP-employee contribution $2,731.00 Brett s TSP-employer contribution $1,365.00 Brett s TSP-employee contribution $1,488.00 Brittany s 401(k)-employer contribution $893.00 Brittany s Retirement Savings Plan-employer contribution $1,708.00 Decrease in Liabilities (Debt Repayments): Mortgage on Principal Residence $6,540.00 Automobile $4,056.00 Total $38,458.00 Reductions in Net Worth Less (Non Cash Flow Adjustments to Net Worth) Decrease in Assets: Depreciation of Assets Automobile #1 -$522.00 Automobile #2 -$508.00 Boat -$973.00 Increase in liabilities Addition to Taxes due -$57.00 Addition to Utilities due -$10.00 Total -$2,070.00 Net- Non Cash Flow change in Net Worth $36,388.00 Beginning Net Worth (Beginning Balance Sheet) $90,033 Plus Changes from Cash Flow Statement $1,200.00 Plus Change from Statement of Changes in Net Worth $36,388.00 Ending Net Worth (Ending Balance Sheet) $127,621.00 Page 6
Appendix F Budget For the year 2013 INCOME Salary- Brittany $53,256.18 Salary- Brett $28,839.60 Housing Allowance $8,787.96 Subsistence Allowance $4,227.24 Investment Income Interest Income $34.40 Total Inflow $95,145.38 Savings Brett TSP deferrals $3,195.37 Brittany 401(k) deferrals $1,785.60 Total Savings $4,980.97 Available for Expenses $90,164.41 EXPENSES Ordinary Living Expenses Food $5,067.60 Clothing $2,000.00 Entertainment $6,000.00 Utilities $3,935.00 Auto Maintenance $1,860.00 Contributions $1,500.00 Child Care $4,500.00 Housing $1,944.00 Miscellaneous $2,144.00 Total Ordinary Living Expenses $28,950.60 Debt Payments Mortgage Payment Principal $6,881.85 Mortgage Payment Interest $7,105.61 Student Loan Payment $2,820.00 Automobile Payment Principal $4,056.00 Total Debt Payments $20,863.46 Insurance Premiums Automobile Insurance Premiums $1,400.00 Boat Insurance $188.00 Tri-Care Prime Enrollment $538.56 Homeowners Insurance Premiums $600.00 Life Insurance Premiums $624.00 Total Insurance Premiums $3,350.56 Taxes Federal Income Tax (W/H) $8,256.94 State Income Tax $4,518.76 FICA $6,350.73 Property Tax (Principal Residence) $4,832.00 Total Taxes $23,958.43 Total Expenses $77,123.05 Discretionary Cash Flow $13,041.36 Page 7