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Analytical: Stabilized Year
Projected Statements of Activities and Changes in Net Assets (Deficit)
For the Fiscal Years Ending June 30th
(in thousands of dollars)Forecasted Projected
Existing Project
2021 2021
Revenue, gains, and other support
Net resident service revenues
Independent Living -$ -$
Assisted Living and Memory Care -$ 517
Health care 3,154$ 3,078
Other support
Total revenue, gains, and other support 3,154 3,595
Expenses
Wages 5,219 2,935
Benefits and other 1,482 916
Barnstable County Retirement 884 742
Utilities 206 192
Repairs and maintenance 36 -
Contractual obligations 157 147
Food 183 171
Professional services 695 646
Medical supplies 102 94
General insurance 104 96
Other supplies 67 62
Other expenses 136 126
Total expenses 9,271 6,127
Cash flows (losses) from operations (6,117) (2,532)
Interest expense - (949)
Principal payments on Series bonds - (1,173)
Cash flows (losses) from operations after debt service (6,117) (4,654)
Investment and interest income, net - -
Routine capital expenditures (562) (41)
Net cash flows (6,679) (4,695)
Project-related financing proceeds & expenditures
Unrestricted contributions and gifts - -
Issuance of long term debt - -
Deferred financing costs - -
Purchase of property and equipment - -
Interest cost capitalized during construction period - -
Sub-total project-related financing proceeds & expenditures - -
NET CASH FLOWS (LOSSES) (6,679) (4,695)