Operating Expenses Year 1
	Prepared By:	Company Name:
	Sam Miller	Aviation Flight Academy
		Sept	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	June	July	Aug	Annual Totals
	Expenses
	Advertising	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	500,000	$       6,000,000
	Car and Truck Expenses	240,000	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	$          267,500
	Commissions and Fees	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	$          180,000
	Contract Labor (Not included in payroll)	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	$            30,000
	Insurance (other than health)	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500	$            66,000
	Legal and Professional Services	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	$            96,000
	Licenses	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	$            18,000
	Office Expense	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	$            60,000
	Rent or Lease -- Vehicles, Machinery, Equipment	3,500	3,500	3,500	3,500	3,500	3,500	3,500	3,500	3,500	3,500	3,500	3,500	$            42,000
	Rent or Lease -- Other Business Property	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	$          240,000
	Repairs and Maintenance	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	$            60,000
	Supplies	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000	$            60,000
	Travel, Meals and Entertainment	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	12,000	$          144,000
	Utilities	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	$          600,000
	Miscellaneous													$                      -
	Total Expenses	$          873,000	$          635,500	$          635,500	$          635,500	$          635,500	$          635,500	$          635,500	$          635,500	$          635,500	$          635,500	$          635,500	$          635,500	$       7,863,500
	Other Expenses
	Depreciation	64,169	64,169	64,169	64,169	64,169	64,169	64,169	64,169	64,169	64,169	64,169	64,169	$          770,026
	Interest
	Commercial Loan	-	-	-	-	-	-	-	-	-	-	-	-	$                      -
	Commercial Mortgage	-	-	-	-	-	-	-	-	-	-	-	-	$                      -
	Credit Card Debt	-	-	-	-	-	-	-	-	-	-	-	-	$                      -
	Vehicle Loans	-	-	-	-	-	-	-	-	-	-	-	-	$                      -
	Other Bank Debt	-	-	-	-	-	-	-	-	-	-	-	-	$                      -
	Line of Credit	-	-	(1,664)	(3,328)	(4,992)	(6,657)	(8,321)	(9,985)	(11,649)	(13,313)	(14,977)	(16,641)	$           (91,527)
	Bad Debt Expense	192,901	244,502	296,103	347,704	399,305	450,906	476,706	476,706	476,706	476,706	476,706	476,706	$       4,791,658
	Total Other Expenses	$          257,070	$          308,671	$          358,608	$          408,544	$          458,481	$          508,418	$          532,554	$          530,890	$          529,226	$          527,562	$          525,898	$          524,234	$       5,470,156
	Total Fixed Operating Expenses	$     1,130,070	$        944,171	$        994,108	$     1,044,044	$     1,093,981	$     1,143,918	$     1,168,054	$     1,166,390	$     1,164,726	$     1,163,062	$     1,161,398	$     1,159,734	$   13,333,656