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HomeMy WebLinkAbout2.63 Correspondence 4 t: 2.63 Heckman Motors, Inc. ,. j (- i 3- ( 4- 11/12/14 Profit & Loss-PA IT R ntals/Bus/Charter/City Parking/Sales ° '[!0 I� � Aug 14 Sep 14 TOTAL Ordinary Income/Expense NOV 7 01 4 Income 61150• Mileage-Truck �����. �. 84 55 73 311 (I1 61200 •Time/Daily Renta-Car y CL�- NJ4 34, 01 29,269 21,228 84,499 61250 •Truck Daily Renta v - -- - 28 121 237 486 61300 Loss Damage Waiver(LDW) 1,012 1,104 805 2,920 61400 Discounts -447 -483 -459 -1,390 61450•Adjustments -501 -13 -140 -654 61550•Cash Over/Short 4 -11 10 3 61701 • Intercity Car Rental<Revenue> 4,333 7,263 4,039 15,635 61702• Intercity Car Rental<Expense> -6,280 -4,270 -2,309 -12,859 62102• P.A.C.<Expense> 0 0 0 0 62103 P.A.E.<Revenue> 60 18 12 89 62104 P.A.E.<Expense> -15 -5 -3 -23 62107• Extra Driver Fee 52 52 0 104 62200•Other Income 62201 Retail Car Sales-Gross 0 0 29,499 29,499 62202 Wholesale Car Sales-Gross 3,000 0 24,745 27,745 62204•Other Rental Income 0 114 0 114 62207• Misc.Retail Income-FaxCopyMail 67 0 0 67 62209 • Reimbursement of an Expense 0 154 0 154 62220 • Interest 0 0 0 0 Total 62200 •Other Income 3,067 268 54,244 57,578 62250 • Bus Lines Revenue BusLines Express Freight 580 385 350 1,315 Greyhound Sales Commission 172 328 174 674 OBL Bus Revenue 59,515 60,711 58,178 178,404 Total 62250 • Bus Lines Revenue 60,267 61,424 58,702 180,393 62275•Grant Money Income Grant$-Old Program Calculation 27,229 23,021 27,662 77,912 Grant$-Over/Under Old Program 18,101 22,312 15,683 56,096 62275•Grant Money Income-Other 0 0 0 0 Total 62275•Grant Money Income 45,330 45,333 43,345 134,008 62701 •S.L.I.<Revenue> 335 335 377 1,046 62702 •S.L.I.<Expense> -167 -167 -188 -523 67203 • R.S.N.(Income) 19 0 0 19 63525•Celestial Espresso Lease Revenu 68 100 100 268 63550• 105 Front St.PA Lease Revenue 600 600 600 1,800 64000• Daily Parking Revenue 2,307 3,767 1,318 7,391 64200 •Long Term Storage Revenue 875 1,025 660 2,560 Total Income 145,229 145,783 182,649 473,661 Cost of Goods Sold 70050•Cost of Sales-Whlse Cars Gross 4,596 0 22,274 26,870 70790•Cost of Sales-Retail 0 0 25,907 25,907 Total COGS 4,596 0 48,181 52,777 Gross Profit 140,633 145,783 134,468 420,884 Expense Advertising&Promotion Expense 73000•Television Expense 2,496 2,496 4,275 9,267 73100 •Yellow Pages Expense 986 986 986 2,959 73200 •Newspaper Expense 3,824 3,425 4,408 11,657 73300• Radio Expense 2,300 2,033 2,033 6,366 73400• Billboard Expense 1,200 1,200 1,200 3,600 73500• Rack Cards(Printing/Distrib.) 0 0 1,115 1,115 73600 •Website 250 33 35 318 73900 •Advertising and Promotion 75 75 75 225 Advertising&Promotion Expense-Other -9 -9 -9 -26 Total Advertising&Promotion Expense 11,123 10,239 14,118 35,481 Direct Vehicle Expense Pagel Heckman Motors, Inc. 11/12/14 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales July through September 2014 Jul 14 Aug 14 Sep 14 TOTAL 70100 Depreciation Expense-Vehicle 11,647 11,353 10,637 33,637 70110 Interest Expense-Vehicles 804 547 471 1,822 70200• Insurance Exp.-Vehicles 2,837 2,814 2,741 8,392 70210• Parts Expense 14 398 1,969 2,380 70220•Tires Expense 103 154 284 541 70230 •Towing Expense 0 222 0 222 70300 •Outside Maintenace&Repairs 4,076 8,231 5,488 17,796 70310•Vehicle Damage Repair 0 0 755 755 70350•Subrogation -1,199 -1,000 0 -2,199 70370 •Windshield Replacement/Repair 0 0 0 0 70500 Monthly Car Fees 3,111 2,266 1,631 7,008 70700 Licenses-Vehicles 192 77 117 385 70750•Other Direct Vehicle Expenses 0 0 0 0 Direct Vehicle Expense-Other -2,984 -3,901 -2,669 -9,555 Total Direct Vehicle Expense 18,601 21,160 21,422 61,184 General&Admn.Expense 77100• Bad Debt Expense 0 69 39 108 77110• Bank Charges 8 7 41 56 77120• Equip/Furn Exp-Less than$500 93 8 137 238 77200 •Office Supplies 381 337 259 977 77210 Postage and Freight 42 132 22 197 77230 Telephone Expense 794 901 916 2,612 77260• Depreciation Expense 159 195 197 551 77310• Professional Fees-Legal 30 0 0 30 77400 • Meals&Entertainment 0 23 26 49 77405•Travel&Meetings 197 12 13 223 77410 • Dues and Subscriptions 1,093 83 67 1,243 77420•General Insurance Expense 0 0 1,009 1,009 77425•Customer Goodwill 0 30 258 288 77430 •Other General Expenses Bluebird Wizard Accounting 100 100 100 300 BRAC Wizard Monthly Fees 215 213 209 638 OBL Hotel(ALL HOTELS) -75 -87 -163 -324 Snacks/Water/Blankets for Buses 941 1,077 878 2,896 Vehicle Owner Info from DOL 0 11 0 11 Total 77430•Other General Expenses 1,182 1,314 1,024 3,520 77510• Uniform Expense 0 0 0 0 77810 •Computer Supplies 0 0 88 88 77820 •Computer Equipment-Maintenance 394 62 66 522 77900 •Taxes&Licenses-Business 77901 •Business Licenses 71 0 0 71 77902• Business Taxes 2,271 2,280 2,359 6,911 Total 77900 •Taxes&Licenses-Business 2,342 2,280 2,359 6,982 General&Admn.Expense-Other -326 -294 -441 -1,060 Total General&Admn. Expense 6,390 5,158 6,081 17,629 Occupancy Expense 75100 •Airport Concession Fee 0 0 0 0 75110• Rent 5,197 5,066 5,124 15,388 75200• Utilities 647 503 533 1,683 75400 • Maintenance&Repair-Facilities 704 135 595 1,434 75800•Other Occupancy Expense 8 0 0 8 Occupancy Expense-Other -436 -700 -336 -1,472 Total Occupancy Expense 6,120 5,005 5,916 17,041 Operating Expense 72100 •Garage&Washing Supplies 52 190 47 288 72110 •Oil/Transmission Fluid Expense 32 39 70 141 72510• Drop-off Collection -150 -298 0 -448 72600•Vehicle Transfer 0 0 325 325 72700 •Other Operating Expense Tacoma Narrow Bridge Tolls 6 11 11 28 Taxicab Expense 0 38 0 38 Page 2 Heckman Motors, Inc. 11/12/14 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales July through September 2014 Jul 14 Aug 14 Sep 14 TOTAL Total 72700 •Other Operating Expense 6 49 11 67 72750 • Port Fees 202 205 199 606 72800•Gasoline Expense 8,255 8,408 7,334 23,997 72850•Gasoline Refueling Charge -445 -234 -41 -721 77415• Ferry Fees 10,813 10,768 10,400 31,981 Operating Expense-Other 0 0 -44 -44 Total Operating Expense 18,765 19,127 18,300 56,192 Personnel Expense 76200•Corporate Officers Wages 5,352 5,177 5,538 16,066 76300•Accounting Wages 4,734 4,667 4,291 13,692 76620 •Counter Agents Wages 12,215 10,714 8,085 31,013 76650 • Parking Attendents Wages 43 70 52 165 76730•Service Wages 5,213 4,600 4,685 14,498 76810- Incentive Pay 164 117 758 1,039 76850• Bus Line Driver 16,779 14,721 14,793 46,293 76875•Vehicle Transfer Driver 253 1,330 916 2,499 76900 • Payroll Tax Expense Employment Security 383 360 324 1,067 FICA 3,058 2,902 2,655 8,615 FUTA 44 28 7 79 Labor&Industries 1,422 1,501 1,244 4,168 Medicare 715 679 621 2,015 76900• Payroll Tax Expense-Other -466 -553 -369 -1,387 Total 76900• Payroll Tax Expense 5,157 4,916 4,483 14,555 76910•Other Personnel Expenses Drug-Alcohol Tests/DOT Physical 460 0 0 460 76910 •Other Personnel Expenses-Other 171 0 7 178 Total 76910•Other Personnel Expenses 631 0 7 638 76920• Medical Insurance ACA Reinsurance Fees(IRS) 42 42 42 126 76920- Medical Insurance-Other 7,944 7,984 7,554 23,482 Total 76920 • Medical Insurance 7,986 8,026 7,596 23,608 Personnel Expense-Other -2,730 -4,040 -1,664 -8,435 Total Personnel Expense 55,795 50,297 49,539 155,632 Selling Expense 74100•Travel Agency Commissions 0 54 3 57 74300 •Credit Card Commissions 1,848 1,884 1,399 5,130 74426• BusLines Greyhound Discounts 243 273 232 748 74500• Reservation Expense 1,456 1,459 1,318 4,233 74600 -Other Selling Expenses Dealerslink(MIS) 470 470 470 1,410 NBTA 3 9 160 172 Total 74600 •Other Selling Expenses 473 479 630 1,582 Selling Expense-Other 0 0 0 0 Total Selling Expense 4,020 4,148 3,581 11,750 Total Expense 120,814 115,136 118,958 354,908 Net Ordinary Income 19,819 30,647 15,510 65,976 Net Income 19,819 30,647 15,510 65,976 Page 3 2.63 6:17 PM Heckman Enterprises, Inc. l ( SP 11/12/14 Profit & Loss-AVIS Downtown - Accrual Basis July through September 2014 Jul 14 Aug 14 Sep 14 TOTAL Income 61100 • Mileage-Car 554.48 279.10 177.90 1,011.48 61200 •Time/Daily Rental-Car 6,402.65 11,326.51 3,881.81 21,610.97 61300 •Loss Damage Waiver(LDW) 252.89 321.86 114.95 689.70 61400 Discount -118.69 -146.14 -105.05 -369.88 61450 Adjustments 0.00 0.00 -256.99 -256.99 61550•Cash Over/Short 0.02 0.00 0.02 0.04 61701 • Intercity Car Rental(Revenue) 2,054.43 5,175.61 2,206.26 9,436.30 61702• Intercity Car Rental(Expense) -1,494.82 -3,479.33 -970.05 -5,944.20 62103 • P.A.E.(Revenue) 53.55 23.80 0.00 77.35 62104•P.A.E.(Expense) -13.92 -6.19 0.00 -20.11 62111 •GA-Government Rate Surcharge 0.00 25.00 0.00 25.00 62701 •S.L.I.(Revenue) 111.60 13.95 27.90 153.45 62702•S.L.I.(Expense) -55.80 -6.97 -13.95 -76.72 Total Income 7,746.39 13,527.20 5,062.80 26,336.39 Expense Advertising and Promotion 73100•Yellow Pages Expense 8.50 8.50 8.50 25.50 Total Advertising and Promotion 8.50 8.50 8.50 25.50 Direct Vehicle Expense 70100• Depreciation Expense-Vehicle 2,058.94 3,235.47 1,902.00 7,196.41 70110• Interest Expense-Vehicles 144.28 158.31 85.67 388.26 70200• Insurance Exp.-Vehicles 167.09 262.57 151.68 581.34 70210• Parts Expense 0.60 106.89 344.75 452.24 70220•Tires Expense 18.46 0.00 51.68 70.14 70300 •Outside Maintenance&Repairs 59.44 115.55 112.51 287.50 70370 •Windshield Replacement/Repair 0.00 0.00 0.00 0.00 70500 •Monthly Car Fees 528.31 883.94 284.24 1,696.49 70700• Licenses-Vehicles 6.96 22.25 21.19 50.40 70750•Other Direct Vehicle Expenses 0.00 0.00 0.00 0.00 Total Direct Vehicle Expense 2,984.08 4,784.98 2,953.72 10,722.78 General&Admin Expense 77000•Amortization-Franchise 51.48 48.97 47.59 148.04 77100• Bad Debt Expense 106.38 0.00 0.00 106.38 77110• Bank Charges 0.16 0.11 0.06 0.33 77120• Equip/Furn Exp-Less than$500 5.56 0.00 6.17 11.73 77200 •Office Supplies 38.64 57.76 24.99 121.39 77210 • Postage and Delivery 0.00 15.29 0.00 15.29 77230 •Telephone Expense 35.29 57.20 26.77 119.26 77260 •Depreciation Expense 57.36 73.57 70.44 201.37 77300• Professional Fees-Accounting 0.00 0.00 0.00 0.00 77310• Professional Fees-Legal 0.00 0.00 0.00 0.00 77405•Travel&Meetings 0.41 2.46 2.32 5.19 77410• Dues and Subscriptions 31.28 41.42 24.53 97.23 77420•General Insurance Expense 0.00 0.00 252.15 252.15 77425•Customer Goodwill 0.00 30.00 0.00 30.00 77430 •Other General Expenses Bluebird Wizard Accounting 0.00 50.00 50.00 100.00 Total 77430 •Other General Expenses 0.00 50.00 50.00 100.00 77810•Computer Supplies 0.00 0.00 4.68 4.68 77820•Computer Equipment Maintenance 55.91 7.40 3.51 66.82 77900 •Taxes&Licenses-Business 77901 - Business Licenses and Permits 0.00 0.00 0.00 0.00 77902-Business Taxes 0.00 0.00 144.11 144.11 Total 77900 •Taxes&Licenses-Business 0.00 0.00 144.11 144.11 Total General&Admin Expense 382.47 384.18 657.32 1,423.97 Occupancy Expense 75100 •Airport Concession Fee 0.00 0.00 0.00 0.00 75110 • Rent 384.04 600.94 269.21 1,254.19 75200 •Utilities 44.50 58.56 24.23 127.29 Pagel 6:17 PM Heckman Enterprises, Inc. 11/12/14 Profit & Loss-AVIS Downtown Accrual Basis July through September 2014 Jul 14 Aug 14 Sep 14 TOTAL 75400 Maintenance&Repair-Facilities 3.31 16.17 43.04 62.52 Total Occupancy Expense 431.85 675.67 336.48 1,444.00 Operating Expense 72100 •Garage&Washing Supplies 3.98 24.35 2.01 30.34 72510• Drop-Off Collection 0.00 -375.00 0.00 -375.00 72600•Vehicle Transfer Expense 0.00 0.00 17.25 17.25 72800•Gasoline Expense 174.54 69.35 154.45 398.34 72850•Gasoline Refueling Charge -320.81 -204.94 -264.96 7790.71 Total Operating Expense -142.29 -486.24 -91.25 -719.78 Personnel Expense 76200•Corporate Officers Wages 398.75 618.94 293.35 1,311.04 76300•Accounting Wages 352.73 558.01 227.31 1,138.05 76620•Counter Agent Wages 917.49 1,288.96 455.50 2,661.95 76730•Service Wages 400.66 574.35 246.52 1,221.53 76810 •Incentive Pay 0.00 0.00 0.00 0.00 76900 • Payroll Tax Expense 237.77 340.15 131.92 709.84 76910•Other Personnel Expenses 2.05 0.00 0.37 2.42 76920• Medical Insurance 420.54 659.99 309.17 1,389.70 Total Personnel Expense 2,729.99 4,040.40 1,664.14 8,434.53 Selling Expenses 74100•Travel Agency Commissions 50.23 261.33 101.16 412.72 74300•Credit Card Commissions 261.68 386.51 177.99 826.18 74600 •Other Selling Expense AVIS"AID"Charges 47.30 20.41 22.69 90.40 Total 74600 •Other Selling Expense 47.30 20.41 22.69 90.40 Total Selling Expenses 359.21 668.25 301.84 1,329.30 Total Expense 6,753.81 10,075.74 5,830.75 22,660.30 Net Income 992.58 3,451.46 -767.95 3,676.09 Page 2 �p~ Heckman Motors, Inc. (-1 - ( 4- 11/12/14 Profit & Loss-PA T R ntals/Bus/Charter/City Parking/Sales _ I( 1 4 Aug 14 Sep 14 TOTAL Ordinary Income/Expense NOV 1 7 2014 Income 61150 • Mileage-Truck - 55 73 311 I ry of : I i ANGELES 61200 Time/Daily Renta-Car C! y � Frl< 34,�84 01 29,269 21,228 84,499 61250 •Truck Daily Renta __ �.H.____'---- 28 121 237 486 61300 -Loss Damage Waiver(LDW) 1,012 1,104 805 2,920 61400 -Discounts -447 -483 -459 -1,390 61450 -Adjustments -501 -13 -140 -654 61550 •Cash Over/Short 4 -11 10 3 61701 • Intercity Car Rental<Revenue> 4,333 7,263 4,039 15,635 61702- Intercity Car Rental<Expense> -6,280 -4,270 -2,309 -12,859 62102• P.A.C.<Expense> 0 0 0 0 62103- P.A.E.<Revenue> 60 18 12 89 62104• P.A.E.<Expense> -15 -5 -3 -23 62107• Extra Driver Fee 52 52 0 104 62200•Other Income 62201 • Retail Car Sales-Gross 0 0 29,499 29,499 62202•Wholesale Car Sales-Gross 3,000 0 24,745 27,745 62204•Other Rental Income 0 114 0 114 62207• Misc. Retail Income-FaxCopyMail 67 0 0 67 62209 - Reimbursement of an Expense 0 154 0 154 62220• Interest 0 0 0 0 Total 62200•Other Income 3,067 268 54,244 57,578 62250• Bus Lines Revenue BusLines Express Freight 580 385 350 1,315 Greyhound Sales Commission 172 328 174 674 OBL Bus Revenue 59,515 60,711 58,178 178,404 Total 62250 • Bus Lines Revenue 60,267 61,424 58,702 180,393 62275•Grant Money Income Grant$-Old Program Calculation 27,229 23,021 27,662 77,912 Grant$-Over/Under Old Program 18,101 22,312 15,683 56,096 62275•Grant Money Income-Other 0 0 0 0 Total 62275•Grant Money Income 45,330 45,333 43,345 134,008 62701 •S.L.I.<Revenue> 335 335 377 1,046 62702-S.L.I.<Expense> -167 -167 -188 -523 67203• R.S.N.(Income) 19 0 0 19 63525•Celestial Espresso Lease Revenu 68 100 100 268 63550• 105 Front St. PA Lease Revenue 600 600 600 1,800 64000• Daily Parking Revenue 2,307 3,767 1,318 7,391 64200• Long Term Storage Revenue 875 1,025 660 2,560 Total Income 145,229 145,783 182,649 473,661 Cost of Goods Sold 70050•Cost of Sales-Whlse Cars Gross 4,596 0 22,274 26,870 70790•Cost of Sales-Retail 0 0 25,907 25,907 Total COGS 41596 0 48,181 52,777 Gross Profit 140,633 145,783 134,468 420,884 Expense Advertising&Promotion Expense 73000 •Television Expense 2,496 2,496 4,275 9,267 73100•Yellow Pages Expense 986 986 986 2,959 73200 • Newspaper Expense 3,824 3,425 4,408 11,657 73300 -Radio Expense 2,300 2,033 2,033 6,366 73400 • Billboard Expense 1,200 1,200 1,200 3,600 73500•Rack Cards(Printing/Distrib.) 0 0 1,115 1,115 73600•Website 250 33 35 318 73900•Advertising and Promotion 75 75 75 225 Advertising&Promotion Expense-Other -9 -9 -9 -26 Total Advertising&Promotion Expense 11,123 10,239 14,118 35,481 Direct Vehicle Expense Pagel i Heckman Motors, Inc. 11/12/14 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales July through September 2014 Jul 14 Aug 14 Sep 14 TOTAL 70100 • Depreciation Expense-Vehicle 11,647 11,353 10,637 33,637 70110- Interest Expense-Vehicles 804 547 471 1,822 70200• Insurance Exp.-Vehicles 2,837 2,814 2,741 8,392 70210• Parts Expense 14 398 1,969 2,380 70220•Tires Expense 103 154 284 541 70230 •Towing Expense 0 222 0 222 70300•Outside Maintenace&Repairs 4,076 8,231 5,488 17,796 70310•Vehicle Damage Repair 0 0 755 755 70350•Subrogation -1,199 -1,000 0 -2,199 70370•Windshield Replacement/Repair 0 0 0 0 70500• Monthly Car Fees 3,111 2,266 1,631 7,008 70700• Licenses-Vehicles 192 77 117 385 70750 •Other Direct Vehicle Expenses 0 0 0 0 Direct Vehicle Expense-Other -2,984 -3,901 -2,669 -9,555 Total Direct Vehicle Expense 18,601 21,160 21,422 61,184 General&Admn.Expense 77100 • Bad Debt Expense 0 69 39 108 77110 • Bank Charges 8 7 41 56 77120 • Equip/Furn Exp-Less than$500 93 8 137 238 77200 •Office Supplies 381 337 259 977 77210• Postage and Freight 42 132 22 197 77230•Telephone Expense 794 901 916 2,612 77260• Depreciation Expense 159 195 197 551 77310• Professional Fees-Legal 30 0 0 30 77400• Meals&Entertainment 0 23 26 49 77405•Travel&Meetings 197 12 13 223 77410• Dues and Subscriptions 1,093 83 67 1,243 77420•General Insurance Expense 0 0 1,009 1,009 77425•Customer Goodwill 0 30 258 288 77430•Other General Expenses Bluebird Wizard Accounting 100 100 100 300 BRAC Wizard Monthly Fees 215 213 209 638 OBL Hotel(ALL HOTELS) -75 -87 -163 -324 Snacks[Water/Blankets for Buses 941 1,077 878 2,896 Vehicle Owner Info from DOL 0 11 0 11 Total 77430•Other General Expenses 1,182 1,314 1,024 3,520 77510• Uniform Expense 0 0 0 0 77810•Computer Supplies 0 0 88 88 77820 •Computer Equipment-Maintenance 394 62 66 522 77900•Taxes&Licenses-Business 77901 • Business Licenses 71 0 0 71 77902•Business Taxes 2,271 2,280 2,359 6,911 Total 77900•Taxes&Licenses-Business 2,342 2,280 2,359 6,982 General&Admn.Expense-Other -326 -294 -441 -1,060 Total General&Admn.Expense 6,390 5,158 6,081 17,629 Occupancy Expense 75100 Airport Concession Fee 0 0 0 0 75110 Rent 5,197 5,066 5,124 15,388 75200 Utilities 647 503 533 1,683 75400• Maintenance&Repair-Facilities 704 135 595 1,434 75800•Other Occupancy Expense 8 0 0 8 Occupancy Expense-Other -436 -700 -336 -1,472 Total Occupancy Expense 6,120 5,005 5,916 17,041 Operating Expense 72100 Garage&Washing Supplies 52 190 47 288 72110 Oil/Transmission Fluid Expense 32 39 70 141 72510 Drop-off Collection -150 -298 0 -448 72600 Vehicle Transfer 0 0 325 325 72700 Other Operating Expense E Tacoma Narrow Bridge Tolls 6 11 11 28 Taxicab Expense 0 38 0 38 Page 2 Heckman Motors, Inc. 11/12/14 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales July through September 2014 Jul 14 Aug 14 Sep 14 TOTAL Total 72700 •Other Operating Expense 6 49 11 67 72750 • Port Fees 202 205 199 606 72800 Gasoline Expense 8,255 8,408 7,334 23,997 72850 Gasoline Refueling Charge -445 -234 -41 -721 77415• Ferry Fees 10,813 10,768 10,400 31,981 Operating Expense-Other 0 0 -44 -44 Total Operating Expense 18,765 19,127 18,300 56,192 Personnel Expense 76200 •Corporate Officers Wages 5,352 5,177 5,538 16,066 76300 •Accounting Wages 4,734 4,667 4,291 13,692 76620 •Counter Agents Wages 12,215 10,714 8,085 31,013 76650• Parking Attendents Wages 43 70 52 165 76730•Service Wages 5,213 4,600 4,685 14,498 76810 • Incentive Pay 164 117 758 1,039 76850 • Bus Line Driver 16,779 14,721 14,793 46,293 76875•Vehicle Transfer Driver 253 1,330 916 2,499 76900 • Payroll Tax Expense Employment Security 383 360 324 1,067 FICA 3,058 2,902 2,655 8,615 FUTA 44 28 7 79 Labor&Industries 1,422 1,501 1,244 4,168 Medicare 715 679 621 2,015 76900 • Payroll Tax Expense-Other -466 -553 -369 -1,387 Total 76900 • Payroll Tax Expense 5,157 4,916 4,483 14,555 76910 •Other Personnel Expenses Drug-Alcohol Tests/DOT Physical 460 0 0 460 76910 •Other Personnel Expenses-Other 171 0 7 178 Total 76910 •Other Personnel Expenses 631 0 7 638 76920 • Medical Insurance ACA Reinsurance Fees(IRS) 42 42 42 126 76920 • Medical Insurance-Other 7,944 7,984 7,554 23,482 Total 76920• Medical Insurance 7,986 8,026 7,596 23,608 Personnel Expense-Other -2,730 -4,040 -1,664 -8,435 Total Personnel Expense 55,795 50,297 49,539 155,632 Selling Expense 74100•Travel Agency Commissions 0 54 3 57 74300 •Credit Card Commissions 1,848 1,884 1,399 5,130 74426 • BusLines Greyhound Discounts 243 273 232 748 74500• Reservation Expense 1,456 1,459 1,318 4,233 74600•Other Selling Expenses Dealerslink(MIS) 470 470 470 1,410 NBTA 3 9 160 172 Total 74600•Other Selling Expenses 473 479 630 1,582 Selling Expense-Other 0 0 0 0 Total Selling Expense 4,020 4,148 3,581 11,750 Total Expense 120,814 115,136 118,958 354,908 Net Ordinary Income 19,819 30,647 15,510 65,976 Net Income 19,819 30,647 15,510 65,976 Page 3 6:17 PM Heckman Enterprises, Inc.0 11/12/14 Profit & Loss-AVIS Downtown Accrual Basis July through September 2014 Jul 14 Aug 14 Sep 14 TOTAL Income 61100 • Mileage-Car 554.48 279.10 177.90 1,011.48 61200 Time/Daily Rental-Car 6,402.65 11,326.51 3,881.81 21,610.97 61300 Loss Damage Waiver(LDW) 252.89 321.86 114.95 689.70 61400 Discount -118.69 -146.14 -105.05 -369.88 61450•Adjustments 0.00 0.00 -256.99 -256.99 61550•Cash Over/Short 0.02 0.00 0.02 0.04 61701 •Intercity Car Rental(Revenue) 2,054.43 5,175.61 2,206.26 9,436.30 61702 •Intercity Car Rental(Expense) -1,494.82 -3,479.33 -970.05 -5,944.20 62103• P.A.E.(Revenue) 53.55 23.80 0.00 77.35 62104• P.A.E.(Expense) -13.92 -6.19 0.00 -20.11 62111 GA-Government Rate Surcharge 0.00 25.00 0.00 25.00 62701 S.L.I.(Revenue) 111.60 13.95 27.90 153.45 62702•S.L.I.(Expense) -55.80 -6.97 -13.95 -76.72 Total Income 7,746.39 13,527.20 5,062.80 26,336.39 Expense Advertising and Promotion 73100•Yellow Pages Expense 8.50 8.50 8.50 25.50 Total Advertising and Promotion 8.50 8.50 8.50 25.50 Direct Vehicle Expense 70100• Depreciation Expense-Vehicle 2,058.94 3,235.47 1,902.00 7,196.41 70110 • Interest Expense-Vehicles 144.28 158.31 85.67 388.26 70200 • Insurance Exp.-Vehicles 167.09 262.57 151.68 581.34 70210 •Parts Expense 0.60 106.89 344.75 452.24 70220 •Tires Expense 18.46 0.00 51.68 70.14 70300•Outside Maintenance&Repairs 59.44 115.55 112.51 287.50 70370•Windshield Replacement/Repair 0.00 0.00 0.00 0.00 70500 • Monthly Car Fees 528.31 883.94 284.24 1,696.49 70700 •Licenses-Vehicles 6.96 22.25 21.19 50.40 70750 •Other Direct Vehicle Expenses 0.00 0.00 0.00 0.00 Total Direct Vehicle Expense 2,984.08 4,784.98 2,953.72 10,722.78 General&Admin Expense 77000•Amortization-Franchise 51.48 48.97 47.59 148.04 77100• Bad Debt Expense 106.38 0.00 0.00 106.38 77110• Bank Charges 0.16 0.11 0.06 0.33 77120• Equip/Furn Exp-Less than$500 5.56 0.00 6.17 11.73 77200 •Office Supplies 38.64 57.76 24.99 121.39 77210 •Postage and Delivery 0.00 15.29 0.00 15.29 77230•Telephone Expense 35.29 57.20 26.77 119.26 77260• Depreciation Expense 57.36 73.57 70.44 201.37 77300• Professional Fees-Accounting 0.00 0.00 0.00 0.00 77310 • Professional Fees-Legal 0.00 0.00 0.00 0.00 77405•Travel&Meetings 0.41 2.46 2.32 5.19 77410 •Dues and Subscriptions 31.28 41.42 24.53 97.23 77420•General Insurance Expense 0.00 0.00 252.15 252.15 77425•Customer Goodwill 0.00 30.00 0.00 30.00 77430•Other General Expenses Bluebird Wizard Accounting 0.00 50.00 50.00 100.00 Total 77430•Other General Expenses 0.00 50.00 50.00 100.00 77810•Computer Supplies 0.00 0.00 4.68 4.68 77820•Computer Equipment Maintenance 55.91 7.40 3.51 66.82 77900 •Taxes&Licenses-Business 77901 • Business Licenses and Permits 0.00 0.00 0.00 0.00 77902• Business Taxes 0.00 0.00 144.11 144.11 Total 77900•Taxes&Licenses-Business 0.00 0.00 144.11 144.11 Total General&Admin Expense 382.47 384.18 657.32 1,423.97 Occupancy Expense 75100•Airport Concession Fee 0.00 0.00 0.00 0.00 75110• Rent 384.04 600.94 269.21 1,254.19 75200• Utilities 44.50 58.56 24.23 127.29 Pagel 6:17 PM Heckman Enterprises, Inc. 11/12/14 Profit & Loss-AVIS Downtown Accrual Basis July through September 2014 Jul 14 Aug 14 Sep 14 TOTAL 75400• Maintenance&Repair-Facilities 3.31 16.17 43.04 62.52 Total Occupancy Expense 431.85 675.67 336.48 1,444.00 Operating Expense 72100•Garage&Washing Supplies 3.98 24.35 2.01 30.34 72510 •Drop-Off Collection 0.00 -375.00 0.00 -375.00 72600 •Vehicle Transfer Expense 0.00 0.00 17.25 17.25 72800•Gasoline Expense 174.54 69.35 154.45 398.34 72850•Gasoline Refueling Charge -320.81 -204.94 -264.96 -790.71 Total Operating Expense -142.29 -486.24 -91.25 -719.78 Personnel Expense 76200 •Corporate Officers Wages 398.75 618.94 293.35 1,311.04 76300•Accounting Wages 352.73 558.01 227.31 1,138.05 76620•Counter Agent Wages 917.49 1,288.96 455.50 2,661.95 76730•Service Wages 400.66 574.35 246.52 1,221.53 76810 -Incentive Pay 0.00 0.00 0.00 0.00 76900• Payroll Tax Expense 237.77 340.15 131.92 709.84 76910•Other Personnel Expenses 2.05 0.00 0.37 2.42 76920•Medical Insurance 420.54 659.99 309.17 1,389.70 Total Personnel Expense 2,729.99 4,040.40 1,664.14 8,434.53 Selling Expenses 74100•Travel Agency Commissions 50.23 261.33 101.16 412.72 74300•Credit Card Commissions 261.68 386.51 177.99 826.18 74600 -Other Selling Expense AVIS"AID"Charges 47.30 20.41 22.69 90.40 Total 74600 -Other Selling Expense 47.30 20.41 22.69 90.40 Total Selling Expenses 359.21 668.25 301.84 1,329.30 Total Expense 6,753.81 10,075.74 5,830.75 22,660.30 Net Income 992.58 3,451.46 -767.95 3,676.09 Page 2 Heckman Motors, Inc. 4 l- `` �4 07/18/14 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales April through June 2014 Apr 14 May 14 Jun 14 TOTAL Ordinary Income/Expense Income 61100 Mileage-Car 0 37 0 37 61150 Mileage-Truck 36 8 0 43 61200 Time/Daily Rental-Car 9,130 15,090 18,884 43,104 61250 Truck Daily Rental 121 57 0 178 61300 Loss Damage Waiver(LDW) 529 966 1,333 2,828 61400 Discounts -97 -340 -293 -730 61450•Adjustments 0 0 -206 -206 61550•Cash Over/Short -7 -0 -226 -233 61701 • Intercity Car Rental<Revenue> 123 2,741 5,545 8,409 61702•Intercity Car Rental<Expense> -466 -1,746 -2,237 -4,449 62102•P.A.C.<Expense> 0 0 0 0 62103•P.A.E.<Revenue> 0 12 36 48 62104•P.A.E.<Expense> 0 -3 -9 -12 62107• Extra Driver Fee 52 209 169 430 62109• Underage Driver Fee 30 0 0 30 62200•Other Income 62201 •Retail Car Sales-Gross 10,000 19,865 9,000 38,865 62202•Wholesale Car Sales-Gross 19,000 0 0 19,000 62204 Other Rental Income 66 157 0 223 62207 Misc. Retail Income-FaxCopyMail 0 0 23 23 62220 Interest 1 0 0 1 Total 62200•Other Income 29,067 20,022 9,023 58,112 62250• Bus Lines Revenue BusLines Express Freight 175 150 356 681 Greyhound Sales Commission 132 155 285 572 OBL Bus Revenue 41,880 50,133 55,918 147,931 Total 62250•Bus Lines Revenue 42,186 50,438 56,560 149,184 62275•Grant Money Income Grant$-Old Program Calculation 38,098 42,622 32,569 113,289 Grant$-Over/Under Old Program 4,827 1,488 10,418 16,733 62275•Grant Money Income-Other 0 0 0 0 Total 62275•Grant Money Income 42,925 44,109 42,988 130,022 62701 •S.L.I.<Revenue> 223 251 321 795 62702 S.L.I.<Expense> -112 -126 -160 -398 63550 105 Front St.PA Lease Revenue 600 600 600 1,800 64000 Daily Parking Revenue 1,160 1,470 1,465 4,095 64200 Long Term Storage Revenue 645 585 585 1,815 Total Income 126,146 134,379 134,376 394,902 Cost of Goods Sold 70050 Cost of Sales-Whlse Cars Gross 17,675 0 0 17,675 70790 Cost of Sales-Retail 12,050 19,765 8,798 40,614 Total COGS 29,725 19,765 8,798 58,289 Gross Profit 96,421 114,614 125,578 336,613 Expense Advertising&Promotion Expense 73000•Television Expense 4,118 2,299 4,899 11,317 73100•Yellow Pages Expense 1,021 1,021 1,021 3,062 73200•Newspaper Expense 2,060 3,776 2,831 8,667 73300•Radio Expense 1,666 1,910 4,675 8,251 73400•Billboard Expense 1,200 2,392 1,200 4,792 73500•Rack Cards(Printing/Distrib.) 0 1,214 0 1,214 73600•Website 33 33 33 99 73900•Advertising and Promotion 75 75 75 225 Total Advertising&Promotion Expense 10,173 12,722 14,734 37,629 Direct Vehicle Expense 70100•Depreciation Expense-Vehicle 6,400 10,158 11,353 27,911 70110•Interest Expense-Vehicles 0 0 1,025 1,025 Pagel Heckman Motors, Inc. 07/18/14 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales April through June 2014 Apr 14 May 14 Jun 14 TOTAL 70200•Insurance Exp.-Vehicles 2,754 2,680 2,814 8,248 70210 Parts Expense 10 285 0 296 70220 Tires Expense 0 0 0 0 70300•Outside Maintenace&Repairs 299 2,591 6,102 8,992 70310•Vehicle Damage Repair 1,125 0 0 1,125 70350•Subrogation -650 0 0 -650 70370•Windshield Replacement/Repair 0 0 38 38 70500•Monthly Car Fees 686 1,047 1,325 3,058 70700•Licenses-Vehicles 568 861 622 2,052 70750•Other Direct Vehicle Expenses 0 0 0 0 Total Direct Vehicle Expense 11,194 17,622 23,279 52,095 General&Admn.Expense 77000•Amortization-Franchise 112 41 56 209 77110•Bank Charges 129 24 1,147 1,300 77120•Equip/Furn Exp-Less than$500 341 0 54 394 77200•Office Supplies 209 675 226 1,111 77210• Postage and Freight 235 98 17 350 77230•Telephone Expense 976 886 1,059 2,921 77260 Depreciation Expense 143 143 143 429 77310 Professional Fees-Legal 0 0 105 105 77400• Meals&Entertainment 47 27 0 74 77405•Travel&Meetings 160 -8 2 155 77410•Dues and Subscriptions 31 55 92 178 77420•General Insurance Expense 225 71 0 296 77430•Other General Expenses Bluebird Wizard Accounting 0 0 200 200 BRAC Wizard Monthly Fees 154 192 207 552 OBL Hotel(ALL HOTELS) -67 -76 -225 -368 Snacks/Water/Blankets for Buses 797 798 728 2,324 Vehicle Owner Info from DOL 7 0 4 11 Total 77430•Other General Expenses 891 914 914 2,719 77510•Uniform Expense 0 328 0 328 77820•Computer Equipment-Maintenance 64 65 479 608 77900•Taxes&Licenses-Business 77901 •Business Licenses 456 2,639 0 3,095 77902•Business Taxes 1,849 1,930 2,087 5,866 Total 77900•Taxes&Licenses-Business 2,305 4,569 2,087 8,961 Total General&Admn. Expense 5,869 7,890 6,380 20,139 Occupancy Expense 75100•Airport Concession Fee 0 0 0 0 75110• Rent 5,104 5,181 5,220 15,504 75200• Utilities 589 563 523 1,675 75300• Insurance-Buildings/Bus Stops 0 560 0 560 75400•Maintenance&Repair-Facilities 107 40 40 188 75600 Sign Expense 276 0 0 276 75800 Other Occupancy Expense 10 0 0 10 Total Occupancy Expense 6,085 6,344 5,784 18,213 Operating Expense 72100•Garage&Washing Supplies 285 98 69 452 72110•Oil/Transmission Fluid Expense 96 35 65 196 72510•Drop-off Collection 0 -129 -329 -458 72600•Vehicle Transfer 1,139 1,896 911 3,946 72700•Other Operating Expense Parking Fees/Other Bridge Tolls 0 0 7 7 Tacoma Narrow Bridge Tolls 6 11 -6 11 Taxicab Expense 0 33 0 33 Vehicle Rental/Charter 72 0 0 72 Total 72700•Other Operating Expense 78 44 1 123 72750• Port Fees 199 205 195 599 72800•Gasoline Expense 6,725 7,504 7,101 21,330 Page 2 Heckman Motors, Inc. 07/18114 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales April through June 2014 Apr 14 May 14 Jun 14 TOTAL 72850•Gasoline Refueling Charge -275 -160 -488 -923 77415•Ferry Fees 7,910 10,232 9,960 28,102 Total Operating Expense 16,158 19,725 17,484 53,367 Personnel Expense 76200•Corporate Officers Wages 5,364 5,467 5,507 16,338 76300•Accounting Wages 5,159 5,427 4,395 14,981 76620•Counter Agents Wages 8,809 11,516 11,606 31,931 76650•Parking Attendents Wages 0 5 10 15 76730•Service Wages 4,614 5,512 4,517 14,642 76810•Incentive Pay 493 60 103 656 76850•Bus Line Driver 13,600 14,643 13,715 41,957 76900•Payroll Tax Expense Employment Security 320 361 331 1,012 FICA 2,625 2,906 2,705 8,236 FUTA 72 70 51 192 Labor&Industries 1,263 1,390 1,350 4,003 Medicare 614 680 633 1,926 76900• Payroll Tax Expense-Other -427 -426 -380 -1,232 Total 76900• Payroll Tax Expense 4,467 4,980 4,690 14,136 76910•Other Personnel Expenses Drug-Alcohol Tests/DOT Physical 0 270 115 385 76910•Other Personnel Expenses-Other 8 8 15 30 Total 76910•Other Personnel Expenses 8 278 130 415 76920•Medical Insurance ACA Reinsurance Fees(IRS) 47 42 42 131 76920•Medical Insurance-Other 8,424 7,980 8,025 24,429 Total 76920•Medical Insurance 8,471 8,022 8,067 24,560 Total Personnel Expense 50,983 55,910 52,738 159,632 Selling Expense 74100 Travel Agency Commissions 13 18 55 86 74300 Credit Card Commissions 799 1,146 1,288 3,233 74426 BusLines Greyhound Discounts 104 186 216 505 74500 Reservation Expense 917 1,175 1,193 3,284 74600•Other Selling Expenses AVIS"AID"Charges 0 0 13 13 AVIS Equifax Credit Reporting 0 0 1 1 Dealerslink(MIS) 590 470 470 1,530 NBTA 151 3 151 306 Total 74600•Other Selling Expenses 741 473 636 1,850 Total Selling Expense 2,573 2,997 3,388 8,958 Total Expense 103,035 123,210 123,788 350,032 Net Ordinary Income -6,614 -8,596 1,790 -13,419 Net Income -6,614 -8,596 1,790 -13,419 Page 3 2.f 3 _ Heckman Motors, Inc. --Z4 -i 5� 02123/15 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales October through December 2014 Oct 14 Nov 14 Dec 14 TOTAL Ordinary Income/Expense Income 61150• Mileage-Truck 229 81 185 495 61200•Time/Daily Rental-Car 11,412 7,593 6,441 25,446 61250•Truck Daily Rental 272 89 164 525 61300• Loss Damage Waiver(LDW) 621 874 713 2,207 61400•Discounts -133 -49 -111 -293 61450•Adjustments -79 0 0 -79 61550 •Cash Over/Short -29 3 7 -19 61701 • Intercity Car Rental<Revenue> 271 1,448 1,399 3,118 61702• Intercity Car Rental<Expense> -1,473 -933 -481 -2,888 62103• P.A.E.<Revenue> 18 0 18 36 62104• P.A.E.<Expense> -5 0 -5 -9 62200•Other Income 62201 • Retail Car Sales-Gross 15,250 0 0 15,250 62202 •Wholesale Car Sales-Gross 95,055 0 0 95,055 62204•Other Rental income 0 80 0 80 62209 •Reimbursement of an Expense 686 0 0 686 62220 • Interest 0 0 0 0 Total 62200 •Other Income 110,991 80 0 111,071 62250• Bus Lines Revenue BusLines Express Freight 250 250 375 875 Greyhound Sales Commission 162 290 161 612 OBL Bus Revenue 5-2,397 44,881 5 2,89 5 150,173 Total 62250• Bus Lines Revenue 52,808 45,421 53,430 151,660 62275•Grant Money Income Grant$-Old Program Calculation 32,889 38,221 51,755 122,865 Grant$-Over/Under Old Program 11,811 4,770 -6,730 9,850 62275•Grant Money Income-Other 0 0 0 0 Total 62275• Grant Money Income 44,700 42,991 45,025 132,715 62701 •S.L.I.<Revenue> 195 140 405 739 62702•S.L.I.<Expense> -98 -70 -202 -370 63525•Celestial Espresso Lease Revenu 100 100 100 300 63550•105 Front St.PA Lease Revenue 600 600 600 1,800 64000• Daily Parking Revenue 1,241 405 853 2,499 64200• Long Term Storage Revenue 820 880 1,020 2,720 Total Income 222,461 99,654 109,559 431,674 Cost of Goods Sold 5000•Cost of Goods Sold 0 0 1 1 70050•Cost of Sales-Whlse Cars Gross 93,007 0 0 93,007 70790•Cost of Sales-Retail 12,618 0 0 12,618 Total COGS 105,625 0 1 105,626 Gross Profit 116,836 99,654 109,559 326,049 Expense Advertising&Promotion Expense 73000 •Television Expense 2,731 3,310 2,247 8,287 73100 •Yellow Pages Expense 986 986 954 2,926 73200• Newspaper Expense 4,456 4,751 1,406 10,613 73300• Radio Expense 2,139 2,021 1,344 5,504 73400•Billboard Expense 1,200 1,200 1,200 3,600 73600 Website 35 35 35 105 73900 Advertising and Promotion 240 87 110 437 Advertising&Promotion Expense-Other -91 -9 -63 -163 Total Advertising&Promotion Expense 11,696 12,380 7,232 31,309 Direct Vehicle Expense 70100• Depreciation Expense-Vehicle 9,508 8,085 9,910 27,504 70110• Interest Expense-Vehicles 132 0 0 132 70200• Insurance Exp.-Vehicles 2,678 2,572 2,705 7,955 70210•Parts Expense 471 166 98 734 Pagel I 1 Heckman Motors, Inc. 02/23/15 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales October through December 2014 Oct 14 Nov 14 Dec 14 TOTAL 70220•Tires Expense 1,657 0 7,338 8,994 70230•Towing Expense 332 816 0 1,148 70300•Outside Maintenace&Repairs 2,120 791 19,127 22,037 70310 •Vehicle Damage Repair 2,701 177 130 3,008 70350-Subrogation 0 0 -513 -513 70370•Windshield Replacement/Repair 0 358 436 794 70500• Monthly Car Fees 924 650 554 2,129 70700- Licenses-Vehicles 15 71 52 139 70750 •Other Direct Vehicle Expenses 0 0 0 0 Direct Vehicle Expense-Other -2,330 -2,725 -3,687 -8,742 Total Direct Vehicle Expense 18,208 10,961 36,150 65,319 General&Admn. Expense 77100- Bad Debt Expense 0 0 76 76 77110• Bank Charges 10 132 35 176 77120• Equip/Furn Exp-Less than$500 108 58 457 624 77200•Office Supplies 223 171 333 727 77210• Postage and Freight 163 6 139 308 77220 •Supplies 120 0 0 120 77230 •Telephone Expense 931 981 1,091 3,003 77260 •Depreciation Expense 199 199 199 597 77310 • Professional Fees-Legal 0 0 0 0 77400- Meals&Entertainment 45 22 0 67 77405•Travel&Meetings 161 0 0 161 77410•Dues and Subscriptions 346 84 331 761 77420 •General Insurance Expense 530 0 225 755 77430•Other General Expenses Bluebird Wizard Accounting 100 100 100 300 BRAC Wizard Monthly Fees 218 181 208 607 OBL Hotel(ALL HOTELS) -215 -167 -168 -550 Snacks[Water/Blankets for Buses Cleaning Blankets Expense 117 68 75 260 Snacks/Water/Blankets for Buses-Other 838 765 949 2,552 Total Snacks/Water/Blankets for Buses 955 833 1,024 2,812 Total 77430 • Other General Expenses 1,058 947 1,164 3,169 i 77510• Uniform Expense 0 0 56 56 77820•Computer Equipment-Maintenance 68 68 84 221 77830•Copy Machine Maintenance 0 91 0 91 77900•Taxes&Licenses-Business 77901 • Business Licenses 0 0 25 25 77902• Business Taxes 2,161 1,776 1,971 5,908 i Total 77900•Taxes&Licenses-Business 2,161 1,776 1,996 5,933 General&Admn.Expense-Other -271 -197 -237 -704 Total General&Admn.Expense 5,853 4,339 5,949 16,141 Occupancy Expense 75110 • Rent 5,290 5,152 5,411 15,853 j 75200• Utilities 672 635 790 2,097 75400•Maintenance&Repair-Facilities 47 -151 0 -104 75600•Sign Expense 0 78 0 78 75800 .Other Occupancy Expense 10 0 0 10 Occupancy Expense-Other -198 -382 -338 -918 Total Occupancy Expense 5,822 5,331 5,864 17,017 Operating Expense 72100•Garage&Washing Supplies 71 228 68 367 72110•Oil/Transmission Fluid Expense 38 56 136 231 72510•Drop-off Collection -200 0 0 -200 72600 •Vehicle Transfer 331 0 0 331 72700-Other Operating Expense Bridge Tolls 13 11 10 34 Taxicab Expense 65 50 1,850 1,965 Page 2 I i it i Heckman Motors, Inc. 02/23/15 Profit & Loss-PA DT Rentals/Bus/Charter/City Parking/Sales October through December 2014 Oct 14 Nov 14 Dec 14 TOTAL Total 72700 •Other Operating Expense 78 61 1,860 1,999 72750 • Port Fees 205 199 195 599 72800 •Gasoline Expense 6,180 6,082 5,653 17,914 72850 •Gasoline Refueling Charge -127 -141 0 -268 77415•Ferry Fees 8,695 8,207 8,852 25,755 Operating Expense-Other -97 -38 -59 -193 Total Operating Expense 15,174 14,654 16,705 46,533 Personnel Expense 76200 •Corporate Officers Wages 5,725 5,681 5,667 17,073 76300 •Accounting Wages 4,341 3,877 4,696 12,914 76620 Counter Agents Wages 8,171 8,505 8,128 24,804 76650 Parking Attendents Wages 51 52 48 150 76730 Service Wages 4,175 4,276 3,837 12,288 76810 Incentive Pay 126 70 2,638 2,834 76850 •Bus Line Driver 14,911 14,370 13,681 42,962 76875•Vehicle Transfer Driver 0 0 73 73 76900• Payroll Tax Expense Employment Security 265 267 273 806 FICA 2,496 2,470 2,587 7,554 FUTA 4 2 16 22 Labor&Industries 1,204 1,095 1,027 3,326 Medicare 584 578 605 1,767 76900 • Payroll Tax Expense-Other -261 -291 -271 -824 Total 76900 • Payroll Tax Expense 4,293 4,121 4,237 12,651 76910 •Other Personnel Expenses Drug-Alcohol Tests/DOT Physical 135 297 40 472 76910 •Other Personnel Expenses-Other 8 13 1,306 1,327 Total 76910 •Other Personnel Expenses 143 310 1,346 1,799 76920• Medical Insurance ACA Reinsurance Fees(IRS) 47 47 36 130 76920• Medical Insurance-Other 8,683 8,580 8,472 25,735 Total 76920 • Medical Insurance 8,730 8,627 8,508 25,865 Personnel Expense-Other -1,020 -2,045 -1,840 -4,905 Total Personnel Expense 49,647 47,842 51,018 148,507 Selling Expense 74100•Travel Agency Commissions 8 20 16 44 74300•Credit Card Commissions 1,193 852 830 2,875 74426•BusLines Greyhound Discounts 191 235 239 665 74500•Reservation Expense 1,025 948 1,142 3,116 74600 •Other Selling Expenses Dealerslink(MIS) 470 470 470 1,410 NBTA 0 154 9 163 Total 74600 •Other Selling Expenses 470 624 479 1,573 Selling Expense-Other 0 0 0 0 Total Selling Expense 2,887 2,679 2,707 8,273 Total Expense 109,288 98,187 125,625 333,099 Net Ordinary Income 7,548 1,467 -16,066 -7,050 Net Income 7,548 1,467 -16,066 -7,050 it i Page 3 j 7:41 PM Heckman Enterprises, Inc. 02123/15 Profit & Loss-AVIS Downtown ~` Accrual Basis October through December 2014 Oct 14 Nov 14 Dec 14 TOTAL Income 61100 • Mileage-Car 111.92 102.00 666.00 879.92 61200 •Time/Daily Rental-Car 2,593.66 2,781.85 1,696.97 7,072.48 61300 • Loss Damage Waiver(LDW) 137.94 91.96 22.99 252.89 61400. Discount -88.47 -21.75 0.00 -110.22 61550•Cash Over/Short 0.02 0.00 0.01 0.03 61701 • Intercity Car Rental(Revenue) 601.28 1,467.25 1,562.73 3,631.26 61702 • Intercity Car Rental(Expense) -999.95 -686.37 -198.06 -1,884.38 62103 • P.A.E.(Revenue) 0.00 23.80 0.00 23.80 62104• P.A.E.(Expense) 0.00 -6.19 0.00 -6.19 62204•Other Rental Income 0.00 250.00 0.00 250.00 62701 •S.L.I.(Revenue) 0.00 55.80 13.95 69.75 62702 •S.L.I.(Expense) 0.00 -27.90 -6.98 -34.88 Total Income 2,356.40 4,030.45 3,757.61 10,144.46 Expense Advertising and Promotion 73100 •Yellow Pages Expense 8.50 8.50 62.72 79.72 73900• Misc.Advertising and Promotion 82.50 0.78 0.00 83.28 Total Advertising and Promotion 91.00 9.28 62.72 163.00 Direct Vehicle Expense 70100 •Depreciation Expense-Vehicle 1,609.02 2,433.57 3,041.96 7,084.55 70110 • Interest Expense-Vehicles 22.81 0.00 0.00 22.81 70200- Insurance Exp.-Vehicles 133.00 204.89 249.55 587.44 70210• Parts Expense 0.45 34.25 0.00 34.70 70220•Tires Expense 285.66 0.00 0.00 285.66 70300 •Outside Maintenance&Repairs 147.47 37.78 242.52 427.77 70310 •Vehicle Damage Repair 125.00 0.00 0.00 125.00 70370•Windshield Replacement/Repair 0.00 0.00 136.36 136.36 70500• Monthly Car Fees 206.63 234.35 176.40 617.38 70700• Licenses-Vehicles 6.63 14.79 16.29 37.71 70750 •Other Direct Vehicle Expenses 0.00 0.00 0.00 0.00 Total Direct Vehicle Expense 2,536.67 2,959.63 3,863.08 9,359.38 General&Admin Expense 77000 •Amortization-Franchise 45.18 40.15 54.26 139.59 77100 •Bad Debt Expense 0.00 0.00 -106.38 -106.38 77110 -Bank Charges 0.13 8.42 0.19 8.74 77120• Equip/Furn Exp-Less than$500 1.74 4.29 59.02 65.05 77200•Office Supplies 41.39 15.10 17.91 74.40 77210• Postage and Delivery 4.55 0.00 7.07 11.62 77230•Telephone Expense 16.98 36.87 27.52 81.37 77260• Depreciation Expense 69.42 71.26 70.66 211.34 77300• Professional Fees-Accounting 0.00 0.00 0.00 0.00 77310 •Professional Fees-Legal 0.00 0.00 0.00 0.00 77405•Travel&Meetings 80.35 0.00 0.00 80.35 77410• Dues and Subscriptions 21.52 22.08 20.95 64.55 77420•General Insurance Expense 4.07 0.00 0.00 4.07 77425•Customer Goodwill 0.00 0.00 0.00 0.00 77430 •Other General Expenses Bluebird Wizard Accounting 50.00 50.00 50.00 150.00 Total 77430•Other General Expenses 50.00 50.00 50.00 150.00 77820•Computer Equipment Maintenance 2.20 4.56 4.69 11.45 77830•Copy Machine Maintenance 0.00 6.07 0.00 6.07 77900•Taxes&Licenses-Business 77901 • Business Licenses and Permits 0.00 0.00 0.00 0.00 i Total 77900•Taxes&Licenses-Business 0.00 0.00 0.00 0.00 { 77920•Voided Checks 0.00 0.00 0.00 0.00 Total General&Admin Expense 337.53 258.80 205.89 802.22 Occupancy Expense 75110• Rent 168.39 341.51 297.24 807.14 75200• Utilities 20.30 40.22 40.51 101.03 Pagel I 7:41 PM Heckman Enterprises, Inc. 02/23/15 Profit & Loss-AVIS Downtown Accrual Basis October through December 2014 i Oct 14 Nov 14 Dec 14 TOTAL 75400 Maintenance&Repair-Facilities 9.57 0.00 0.00 9.57 Total Occupancy Expense 198.26 381.73 337.75 917.74 Operating Expense 72100•Garage&Washing Supplies 2.18 14.81 3.75 20.74 72600•Vehicle Transfer Expense 17.42 0.00 0.00 17.42 72800•Gasoline Expense 174.12 22.80 92.03 288.95 72850•Gasoline Refueling Charge -276.72 -58.74 -37.23 -372.69 Total Operating Expense -83.00 -21.13 58.55 -45.58 Personnel Expense 76200•Corporate Officers Wages 184.14 381.00 314.57 879.71 76300•Accounting Wages 139.62 260.02 260.65 660.29 76620 •Counter Agent Wages 281.70 568.78 450.85 1,301.33 76730•Service Wages 138.32 291.07 219.36 648.75 76810 Incentive Pay 0.00 0.00 71.00 71.00 76900 Payroll Tax Expense 80.20 159.24 137.14 376.58 76910•Other Personnel Expenses 0.13 0.22 72.48 72.83 76920• Medical Insurance 195.56 385.08 313.70 894.34 Total Personnel Expense 1,019.67 2,045.41 1,839.75 4,904.83 Selling Expenses 74100•Travel Agency Commissions 54.23 81.68 51.46 187.37 74300•Credit Card Commissions 98.87 102.26 75.53 276.66 74600 •Other Selling Expense AVIS"AID"Charges 0.00 79.46 33.96 113.42 AVIS Equifax Credit Reporting 2.26 0.00 0.00 2.26 Total 74600 • Other Selling Expense 2.26 79.46 33.96 115.68 Total Selling Expenses 155.36 263.40 160.95 579.71 Total Expense 4,255.49 5,897.12 6,528.69 16,681.30 Net Income -1,899.09 -1,866.67 -2,771.08 -6,536.84 i 1 i I i iI i Page 2 Heckman Motors, Inc. 2 z.4 02/23/15 Balance Sheet --- As of December 31, 2014 Dec 31,14 ASSETS Current Assets Checking/Savings 75100A 31266-AP -57.30 Total 75100A -57.30 10200•Cash in Drawers Cash Register-Port Angeles275 275.00 Driver Bank-Adams,Wayne 40.00 Driver Bank-Lee,Jessica 40.00 Driver Bank-McDaniel, Rick 40.00 Driver Bank-Nelson,Willie 40.00 Driver Bank-Pattison,Cap 40.00 Driver Bank-Sebastian,John 40.00 Driver Bank-Thaning,Charles 40.00 Driver Bank-Wallace,Anthony 40.00 Total 10200•Cash in Drawers 595.00 10300 • Fidelity Brokerage Account 1,201.91 10400 First Federal Checking 83,767.07 10425 First Federal Money Market 815.62 10430 First Federal Cap.Replace M.M 833.88 Total Checking/Savings 87,156.18 Accounts Receivable 11200•Credit Card Receivables 2,203.99 11300•Accounts Receivable 138,058.23 Total Accounts Receivable 140,262.22 Other Current Assets 17100•Gasoline Inventory Motor Oil Inventory-PA 1,304.25 Port Angeles Gas 1,788.54 Total 17100•Gasoline Inventory 31092.79 ?, 18100 • Prepaid Insurance-OBL Vans 7,550.44 18200•Auto Insurance Deposit 5,448.00 18250• Port of PA Security Deposit Budget Rent A Car(Rite Bros.) 500.00 Total 18250 • Port of PA Security Deposit 500.00 18520 • Prepaid PA Yellow Pages 4,369.02 18540 Prepaid OBL Yellow Pages 3,271.22 18700 Prepaid Federal Tax 760.00 24110• Heckman,Jack Receivable 3,511.43 Total Other Current Assets 28,502.90 Total Current Assets 255,921.30 Fixed Assets 20300• Leasehold Improvements 105 Front St.,PA 4,770.67 Capos Lot Paving 18,837.17 PA DT Bathroom Floor 05-08 349.66 20300• Leasehold Improvements-Other 20,211.23 -_.---____----- -- Total 20300 • Leasehold Improvements 44,168.73 20350 • PA DT Surveillance System 2,509.46 20360•Signs "111 E.Front St."Sign 2,082.26 "Heckman Motors, Inc."Sign 1,772.98 4 Capos Lot Signs(NO"BUDGET") 1,665.05 Avis/Budget Signs DT 4,381.96 Total 20360•Signs 9,902.25 1 Page 1 j i Heckman Motors, Inc. 02123/15 Balance Sheet As of December 31, 2014 Dec 31, 14 20400• Furniture and Fixtures 1 PA DT Customer Service Chair 285.19 3 PA DT Customer Service Chairs 980.61 Jack's Desk 1,083.99 Jack's Office Chair 326.87 20400• Furniture and Fixtures-Other 4,788.65 Total 20400 • Furniture and Fixtures 7,465.31 20450• Parking Lot Assets 3 Halogen Floodlights 1,517.60 3 New PA DT Parking Lot Lights 2,525.72 5 Pay Boxes/Signs(_/09) 10,768.66 Laser Sight for Ruger SP-101 266.91 Security Ruger Pistol 372.25 Snow Removal Tractor 2,681.44 Trimmer/Pruner for Lot Maint. 741.29 Total 20450 • Parking Lot Assets 18,873.87 20500•Office Equipment Accessories for Digital Camera 336.46 Canon ColorLaserPrinter/Scanner 2,343.61 Digital SLR Camera for CarSales 586.05 Jack's Cell Phone(Replacement) 358.74 20500-Office Equipment-Other 10,422.67 Total 20500 •Office Equipment 14,047.53 20600•Garage Equipment/Fixtures Carpet Cleaner Extractor 987.36 Garage Lighting-2006 1,869.90 Garage Lighting-2008 2,157.16 Garage Lighting-2009 315.96 Generator 650.39 Lighted Paint Meter 323.99 Miter Saw 867.19 Ozone Machine 512.54 Parking Lot Vacuum 1,191.32 Pressure Washer 401.07 Vacuum Cleaner for Buses 463.77 Windshield Repair Tool 669.41 Total 20600 -Garage Equipment/Fixtures 10,410.06 20700•Computer Software Bluebird Wizard Accounting 2,713.82 New Filemaker Pro for OBL Comp. 2,820.20 OBL Computer Software Grant$Received/OBL Software -3,599.54 OBL Computer Software-Other 6,657.93 Total OBL Computer Software 3,058.39 I QB Enterprise Solutions 2009 2,926.80 Windows XP for Jack's Computer 216.79 20700-Computer Software-Other 2,655.33 Total 20700 •Computer Software 14,391.33 20800 •Computer Hardware Battery Backup-ServerComputer 254.74 Computer-Jack's 19"LCD Monitor-Jack's 270.99 Computer-Jack's(March 2012) 1,124.60 Memory Upgrade-Jack's Desk 265.58 Total Computer-Jack's 1,661.17 Computer-Jack's Apple Laptop 1,175.96 Computer-Jack's Mini Laptop 377.23 Computer-Mid Desk to N.Counter 703.57 Computer-North Desk 1,017.88 I Page 2 j I Heckman Motors, Inc. 02/23/15 Balance Sheet As of December 31, 2014 Dec 31,14 Computer-Pams Accounting Computer Setup Labor 281.84 Computer-Pams Accounting-Other 911.36 Total Computer-Pams Accounting 11193.20 Computer-Mid Desk(fmly Acctg.) 1,292.16 Computer-East Desk(fmly Sales) 997.27 Computer-Server+2 Counter South Counter-fmly EastCustSery Windows 7&Rebuild So.Counter Computer Setup Labor 772.35 Windows 7&Rebuild So.Counter-Other 154.99 Total Windows 7&Rebuild So.Counter 927.34 South Counter-fmly EastCustSery-Other 1,073.11 Total South Counter-fmly EastCustSery 2,000.45 Computer-Server+2 Counter-Other 6,642.21 Total Computer-Server+2 Counter 8,642.66 Computer-South Desk 1,637.16 Monitor-Sales to South Desk 263.48 OBL Computer Hardware Grant$Received/OBL Hardware -2,770.58 OBL Computer Hardware-Other 4,405.36 Total OBL Computer Hardware 1,634.78 20800•Computer Hardware-Other 4,178.21 Total 20800•Computer Hardware 25,029.47 20855•Accumulated Depreciation -129,061.51 21000- Fleet-OBL Busses Bike Racks-2 Existing Busses Grant$Received/Bike Racks -1,069.47 Bike Racks-2 Existing Busses-Other 2,210.70 Total Bike Racks-2 Existing Busses 1,141.23 i Wi-Fi Equip.for Buses 1,938.15 Total 21000•Fleet-OBL Busses 3,079.38 21090•Accum.Depreciation-Buses -3,079.00 21100 •Fleet-Rental Vehicles Veh#JC103 Winch#2 973.46 21100• Fleet-Rental Vehicles-Other 644,529.64 Total 21100 • Fleet-Rental Vehicles 645,503.10 21190•Accum. Depreciation-Rental -137,356.63 21200•Vehicle Equipment Defibrillator-Bus#5 1,175.79 Defibrillator-Bus#6 1,175.79 Defibrillator-Bus#7 1,175.79 Total 21200•Vehicle Equipment 3,527.371 21400•Fleet-Vehicle(Non Depreciable) 52-Golf Cart 282.27 Total 21400 - Fleet-Vehicle(Non Depreciable) 282.27 Total Fixed Assets 529,692.99 Other Assets 27100 • Franchise-Budget 7,000.00 27200-Accum Amort Franchise-Budget -5,000.00 28200•Transportation Permit-OBL 20,000.00 28300•Accum Amortization-Permit -20,000.00 28400•Budget K-1 -20.00 ---_-_.. I Page 3 j I Heckman Motors, Inc. 02123/15 Balance Sheet As of December 31, 2014 Dec 31,14 Total Other Assets 1,980.00 TOTAL ASSETS 787,594.29 LIABILITIES&EQUITY Liabilities Current Liabilities Accounts Payable 30100•Accounts Payables 34,501.76 Total Accounts Payable 34,501.76 Credit Cards 30105•Credit Card Payables American Express 7,576.03 Bank of America-Drivers 3,630.82 Bank of America-Jack 19,947.43 Bank of America-Jim 420.20 Total 30105•Credit Card Payables 31,574.48 Total Credit Cards 31,574,48 Other Current Liabilities 30155• 105 E.Front/Security Deposit 1,200.00 30300 •Sales Tax Payable 4,610.63 30350 •Sales Tax Payable-BUDGET WIZARD 1,164.48 30399 • Payroll Tax Liabilities 30400• Federal Withholding Payable 2,531.00 30410• FICA Tax Payable 2,619.52 30415• Medicare Tax Payable 612.60 30600• FUTA Tax Payable 28.02 30700•SUTA Tax Payable 815.05 30800 •Labor&Industries Payable 4,381.15 Total 30399• Payroll Tax Liabilities 10,987.34 Total Other Current Liabilities 17,962.45 ___------------ Total Current Liabilities 84,038.69 Total Liabilities 84,038.69 Equity 39000• Retained Earnings 678,599.33 50100•Common Stock-Heckman Motors 33,300.00 50300•Treasury Stock -14,000.00 50400• Dividends Dividends-Jack Heckman -25,392.00 Dividends-Jim Heckman -29,808.00 Total 50400• Dividends -55,200.00 Net Income 60,856.27 Total Equity 703,555.60 TOTAL LIABILITIES&EQUITY 787,594.29 Page 4