From: jeffrey E. <[email protected]> Sent: Monday, March 16, 2015 7:58 PM To: Melanie Spinella sent fri from joslin Brad asked that I note a few thi=gs: • =AO 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. • =AO 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 in=o 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, LOB 2014 cash flow reporting. • =AO Apollo has indicated ye=terday that April 15 gross up payment will be revised from 20 cents to 8 cents. TRA pa=able 4/15/15 <=pan style="font-size:11ptfont-family:"Calibri",sans-serif;col=r:rgb(31,73,125)">Im not sure for who this report is for and what is its p=rpose. leon , brad, tom? it mixes wild projections=with minute actuals. loans. inter co. , and no overall report =t all. child support of 20k. ?? no footnotes. . =A0 this is very difffent from the one joslin and i wor=ed on. that you and i reviewed, you will recall large boat and=plane numbers . 1) having a head with multiple dates =s very confusing - payment dates should be on line below actual payment am=unts, 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 est=mating 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 labeled 3) ove=all statement needs to have consistency or sco