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Armed with this information, we can establish a minimum net operating <br />loss for the program over each of the last two years. As the <br />following table illustrates: <br />Expenses: <br />Accounts Payable 83/84 84/85 <br />Cutting Contracts $ 8,928.00 $ 14,142.00 <br />Inspection 7,276.00 8,250.00 <br />Transportation 366.00 410.00 <br />Accounts Payable $ 16,570.00 $ 22,802.00 <br />Finance Department <br />Operational Expenses <br />Number of Billings 279 466 <br />Cost @ 7.60 per bill $ 2,120.40 $ 3,541.60 <br />TOTAL EXPENSE $ 18,690.40 $ 26,343.60 <br />----- - - - - -- ----- - - - - -- <br />----------- ----- - - - - -- <br />RECEIPTS: <br />Net Billing * $ 18,245.20 $ 31,498.55 <br />Bad Debt - 5,488.83 - 12,067.92 <br />Net Receipts $ 12,756.37 $ 19,430.63 <br />----- - - - - -- ----- - - - - -- <br />----------- ----- - - - - -- <br />TOTALS: <br />Net Receipts <br />Total Expense <br />Net Loss <br />$ 12,756.37 $ 19,430.63 <br />in r n n An n r 1 A l r n <br />- 5,934.03 - 6,912.97 <br />* It is interesting to note that in 83 -84 the net billing ($18,245) <br />was less than the total expense ($18,690) of the program. Thus, <br />even if the unrealistic goal of a 100°0 collection had been achieved <br />in that year, the program would still have remained insolvent. <br />Moreover, the total expense figure is somewhat abridged in that it does <br />not take into account certain expenses as previously noted. <br />-3- <br />