budget | Nanaimo Flying Club

PLANE RENTAL – CESSNA 172

ILLUSTRATION								YEAR 1		YEAR 2		YEAR 3		YEAR 4		YEAR 5		YEAR 6

Members		@	$500		per year		7,500		7,500		7,500		7,500		7,500		7,500
Rental Hours		@	$125		per hour		18,750		18,750		18,750		18,750		18,750		18,750

REVENUE								26,250		26,250		26,250		26,250		26,250		26,250

EXPENSES
	Annual/100 Hour							4,500		4,500		4,500		4,500		4,500		4,500
	Fuel (9 Gallons per hour)			1.62		/litre		8,748		8,748		8,748		8,748		8,748		8,748
	Oil (1/2 litre per hour)			10.00		/litre		750		750		750		750		750		750
	Nav Canada/Charts							250		250		250		250		250		250
	Insurance							3,300		3,300		3,300		3,300		3,300		3,300
	Misc							1,000		1,000		1,000		1,000		1,000		1,000

	TOTAL EXPENSES							18,548		18,548		18,548		18,548		18,548		18,548

NET								7,702		7,702		7,702		7,702		7,702		7,702

Purchase Loan Repayment								5,000		5,000		5,000		5,000
Repayment of Capital Investment to NFC								2,000		2,000		2,000		2,000		2,000

Reserve Fund Investment								702		702		702		702		5,702		7,702

TOTAL RESERVE FUND								702		1,404		2,106		2,808		8,510		16,212