Startup Budget Worksheet

Year: 2020 Name of Firm:

Amount
Operating Expenses One Month https://gothamny.wixsite.com/home/officesupplies
(Obtain from Salaries Tab) Salaries $ 27,066.67
(Obtain from Salaries Tab) Payroll Taxes $ 2,070.60 https://veolympicinsurance.wixsite.com/olympic/business-insurance
Research your area (avg cost/square foot) X your room size Rent $ 980.00 24 Hour Email: veolympicinsurance@gmail.com
(Electricity, Telephone, Internet, Water) See regional acct sheets Utilities $ 710.35
See Regional Accounts Reference Sheet or other VE firms Insurance $ 366.67
Supplies $ 295.81
Advertising (instagram-$200, twitter-$200, youtube-$200, google-$200) $800.00
Promotion stapler 6.98 Swingline Desktop Stapler, 20 Sheet Capacity, Black (44401)
Loan Interest poster paper 5.82 Staples Poster Board, 22" x 28" White, 10/Pack (28126)
Legal sharpies 10.94 Sharpie Permanent Markers, Fine Point, Black, 12/Pack
* Other 1 1 scissor 4.99 TRU RED™ 7" Stainless Steel Scissors, Straight Handle, Right & Left Handed (TR55047)
* Other 2 tape 3.37 Scotch® Magic™ Tape with Refillable Dispenser, Invisible, Write On, Matte Finish, 3/4" x 8.33 yds., 3 Rolls (3105)
Total One-Month Operating Expenses $ 32,290.10 3 legal size paper 31.86 Staples Copy Paper, 8.5" x 14", 20 lbs., White, 500 Sheets/Ream (127035/08635-0)
ink 114.99 HP 950XL/951 Black High Yield, Cyan/Magenta/Yellow Standard Yield Ink Cartridges, 4/Pack (C2P01FN)
Fixed Assets One Time folders 16.57 TRU RED™ Hanging File Folders, 5-Tab, Letter Size, Assorted Colors, 25/Box (TR875411)
(Obtain from Computers tab) Computers $ 4,728.00 3 letter paper 71.97 Staples Multiuse Copy Paper, 8.5" x 11", 20 lbs., Bright White, 500 Sheets/Ream, 8 Reams/Carton (26860-CC)
(Obtain from Equipment tab) Equipment $ 5,596.00 staples 6.92 Swingline® Optima™ High Capacity Staples, 3/8" Length, 125/Strip, 2,500/Per Box (35550)
(Obtain from Furniture & Fixtures tab) Furniture and Fixtures $ 6,783.61 pencils 14.41 Ticonderoga Wooden Pencils, No. 2 Soft Lead, 72/Pack (13972)
Total Fixed Assets $ 17,107.61 pens 6.99 BIC Round Stic Xtra-Life Ballpoint Pen, Medium Point, 1.0mm, Black Ink, 60/Pack (GSM609-BLK)
295.81
Initial Inventory One Time
(Obtain from Initial Inventory tab) Initial Inventory $ 9,450.40

Three-Month Operating Expenses $ 96,870.30

Operating Expenses + One Time Expenses $ 123,428.31

*Other categories could include the following, to be used at the firm's discretion:
 Computers
Quantity Item Description Unit Price Price
3 Desktop Monitor $ 585.00 $ 1,755.00
3 Desktop Tower $ 586.00 $ 1,758.00
2 Printer $ 585.00 $ 1,170.00
3 Mouse $ 15.00 $ 45.00
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Total $ 4,728.00
 Salaries and Related Expenses
Instructions: Enter the "Job Titles" and "Annual Salary" for each job title below.

Insert Job Titles Here Annual Salary Monthly Salary

CEO $ 31,200.00 $ 2,600.00
COO $ 31,200.00 $ 2,600.00
CFO $ 31,200.00 $ 2,600.00
CMO $ 31,200.00 $ 2,600.00
Human Relations Associate $ 24,960.00 $ 2,080.00
Human Relations Associate $ 24,960.00 $ 2,080.00
Accounting Associate $ 24,960.00 $ 2,080.00
Accounting Associate $ 24,960.00 $ 2,080.00
Sales Associate $ 24,960.00 $ 2,080.00
Sales Associate $ 24,960.00 $ 2,080.00
Sales Associate $ 24,960.00 $ 2,080.00
Sales Associate $ 24,960.00 $ 2,080.00
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Total Salaries and Wages $ 324,480.00 $ 27,040.00

Payroll Taxes Rates

Social Security 6.20% 1,676.48
Medicare 1.45% 392.08
Payroll Taxes $ 2,068.56
 Equipment
Quantity Item Description Unit Price Price
13 Chromebook $ 379.00 $ 4,927.00
13 Headsets $ 20.00 $ 260.00
1 File Cabinet $ 409.00 $ 409.00
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Total $ 5,596.00
 Furniture and Fixtures
Quantity Item Description Unit Price
26 Staples Carder Mesh Back Fabric Computer and Desk Chair, Black (24115-CC) $ 109.99
13 Staples Trento Line Rectangular Desk $ 197.99
1 8 Foot - 16 Foot Modern Conference Room Table - Amazon $ 1,350.00
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Total
 Price
$ 2,859.74 Conference table
$ 2,573.87
$ 1,350.00
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$ 6,783.61
 Initial Inventory
Inventory Item Description Quantity Wholesale Price (COGS) Total Cost
Sustainable coffe beans 166 $ 41.00 $ 6,806.00
Sustainable tea bags 500 $ 4.99 $ 2,495.00
Eco friendly coffe cups. 600 $ 0.25 $ 149.40
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Total $ 9,450.40