Financial Worksheet
2017-18 Sovereign Grace Pastors College Financial Planning Worksheet This worksheet is part of the application process. Prior to a student's admittance, he will be required to provide a viable financial plan for the school year.
General Information Applicant's Name
Family Size City
Applicant's Address State
Zip
Phone
Church Name
Email Address
City
State
A. Estimated Net Worth (Please list the estimated amounts as of September 1, 2017) 1. Assets Checking Account(s) Savings Account(s) IRA Account(s) 401k, etc. Home (Fair Market Value) Other Stock/Investment Accounts Other Total Assetts 2. Liabilities Home Mortgage(s)/Loans Credit Cards Car Loan(s) Student Loan(s) Other Total Liabilities
Balance
Monthly Payments
B. Estimated Expenses How much do you need? (Please list the estimated expenses for the 10-month period of 9/1/2017-6/30/2018) *Sample Budget Data available at the end of this application.
1. Living Expenses
Monthly Amount
Total Amount (will automatically tabulate)
Debt Payments from Section A.2
$0.00
Housing
$0.00
Utilities (including phone and internet)
0
Groceries
$0.00
Medical Expenses (including insurance)
$0.00
Car Expenses (including insurance)
$0.00
Personal (clothing, household, etc.)
$0.00
Date Night/Entertainment/Gifts
$0.00
Travel to/from PC as well as holiday travel
$0.00
Children's School Expenses
$0.00
Other
$0.00
Total Living Expenses
$0.00
2. Tuition and Books
Total Amount
Tuition
7,500
Books/Bibleworks
1,500
Student Activity Fee
300
3. Expenses Grand Total:
9,300
C. Estimated Sources of Funding - How are your needs going to be met Category
Monthly Amount
Total Amount (will automatically tabulate)
Personal Savings
$0.00
Family/Friends
$0.00
Fundraising
$0.00
Local Church Assistance
$0.00
Misc./Other
$0.00
Grand Total * Funding needs to equate Expenses/Grand Total from B.3
$0.00
** Please briefly describe your fundraising plan:
Sample Budget: 2017-18 Category Housing Housing Housing Housing Automobile Automobile Automobile Medical Food Clothing Personal Care Miscellaneous
Education Education Education Education Education
Description Rent Renters insurance Utilities (including phone/internet) Housekeeping supplies Auto insurance Gasoline Auto maintenance Insurance premiums, out-ofGroceries, meals out Clothing, etc. Personal care products & services Miscellaneous Monthly Living Expenses
2
$720 15 260 50 100 100 25 300 420 50 60 100 $2250
# of People in Household 3 4 5 $820 $1030 $1240 15 15 15 270 280 290 50 50 50 100 100 100 125 150 150 25 25 25 500 600 600 520 600 620 75 100 100 60 70 70 130 150 160 $2750 $3240 $3500
6 $1440 15 300 50 100 150 25 625 625 100 80 180 $3780
Total Living Expenses *Based on 10 months of expenses.
$22500
$27500
$32400
$35000
$37800
Tuition Tuition Early Bird discount Activity Fee ($300)/Books ($1500) Pastors Conference (Orlando, FL) Total Education Expenses
$7500 (400) 1800 1000 $9900
$7500 (400) 1800 1000 $9900
$7500 (400) 1800 1000 $9900
$7500 (400) 1800 1000 $9900
$7500 (400) 1800 1000 $9900
$32,400
$37,400
$42,300
$44,900
$47,700
Expenses - Grand Total
General Information Applicant's Name
Family Size City
Applicant's Address State
Zip
Phone
Church Name
Email Address
City
State
A. Estimated Net Worth (Please list the estimated amounts as of September 1, 2017) 1. Assets Checking Account(s) Savings Account(s) IRA Account(s) 401k, etc. Home (Fair Market Value) Other Stock/Investment Accounts Other Total Assetts 2. Liabilities Home Mortgage(s)/Loans Credit Cards Car Loan(s) Student Loan(s) Other Total Liabilities
Balance
Monthly Payments
B. Estimated Expenses How much do you need? (Please list the estimated expenses for the 10-month period of 9/1/2017-6/30/2018) *Sample Budget Data available at the end of this application.
1. Living Expenses
Monthly Amount
Total Amount (will automatically tabulate)
Debt Payments from Section A.2
$0.00
Housing
$0.00
Utilities (including phone and internet)
0
Groceries
$0.00
Medical Expenses (including insurance)
$0.00
Car Expenses (including insurance)
$0.00
Personal (clothing, household, etc.)
$0.00
Date Night/Entertainment/Gifts
$0.00
Travel to/from PC as well as holiday travel
$0.00
Children's School Expenses
$0.00
Other
$0.00
Total Living Expenses
$0.00
2. Tuition and Books
Total Amount
Tuition
7,500
Books/Bibleworks
1,500
Student Activity Fee
300
3. Expenses Grand Total:
9,300
C. Estimated Sources of Funding - How are your needs going to be met Category
Monthly Amount
Total Amount (will automatically tabulate)
Personal Savings
$0.00
Family/Friends
$0.00
Fundraising
$0.00
Local Church Assistance
$0.00
Misc./Other
$0.00
Grand Total * Funding needs to equate Expenses/Grand Total from B.3
$0.00
** Please briefly describe your fundraising plan:
Sample Budget: 2017-18 Category Housing Housing Housing Housing Automobile Automobile Automobile Medical Food Clothing Personal Care Miscellaneous
Education Education Education Education Education
Description Rent Renters insurance Utilities (including phone/internet) Housekeeping supplies Auto insurance Gasoline Auto maintenance Insurance premiums, out-ofGroceries, meals out Clothing, etc. Personal care products & services Miscellaneous Monthly Living Expenses
2
$720 15 260 50 100 100 25 300 420 50 60 100 $2250
# of People in Household 3 4 5 $820 $1030 $1240 15 15 15 270 280 290 50 50 50 100 100 100 125 150 150 25 25 25 500 600 600 520 600 620 75 100 100 60 70 70 130 150 160 $2750 $3240 $3500
6 $1440 15 300 50 100 150 25 625 625 100 80 180 $3780
Total Living Expenses *Based on 10 months of expenses.
$22500
$27500
$32400
$35000
$37800
Tuition Tuition Early Bird discount Activity Fee ($300)/Books ($1500) Pastors Conference (Orlando, FL) Total Education Expenses
$7500 (400) 1800 1000 $9900
$7500 (400) 1800 1000 $9900
$7500 (400) 1800 1000 $9900
$7500 (400) 1800 1000 $9900
$7500 (400) 1800 1000 $9900
$32,400
$37,400
$42,300
$44,900
$47,700
Expenses - Grand Total
