From: "Jeffrey E." <[email protected]> To: Melanie Spinella Subject: Date: Mon, 16 Mar 2015 19:58:01 +0000 sent fri from joslin Brad asked that I note a few things: • As he and I move to progressively update and revise the cash flow projection, while not in the shape we would like tobe, it has served sufficiently well for general planning purposes. • The cash flow projection has been updated bi-weekly to incorporate updates, ie Apollo projections, capital call timing, delay in Knowledge Universe sale/ distribution, but the effort to fully update and drill down into specific items, eg matching plane use to cash outlays, timing of boat charters, construction costs, etc has taken a back seat to priorities such as April 15 taxes, bill pay transition , Phaidon restructuring, LDB 2014 cash flow reporting. • Apollo has indicated yesterday that April 15 gross up payment will be revised from 20 cents to 8 cents. TRA payable 4/15/15 looks to be unchanged. I am meeting with CAO and tax team of Apollo next week and will have update. The next version will incorporate those changes. Im not sure for who this report is for and what is its purpose. leon , brad, torn? it mixes wild projections with minute actuals. loans. inter co. , and no overall report at all. child support of 20k. ?? no footnotes. . this is very difffent from the one joslin and i worked on. that you and i reviewed, you will recall large boat and plane numbers . I) having a head with multiple dates is very confusing - payment dates should be on line below actual payment amounts, why is family office liste with capital calls. ? has leon seen the capital calls for the month? . why is the family office in jan feb different? why have amounts of 3k in and out when we are estimating millions both ways. ? 2) cash balance (last line) of 18,444,902 makes no sense without a beginning balance - a line should be added to show each months beginning balance and ending balance and should be properly