4888-3450-9492, v. 1

UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF TEXAS

WICHITA FALLS DIVISION

IN RE: §

§

HIGH PLAINS RADIO NETWORK, LLC, §

§

CASE NO. 24-70089-swe11

DEBTOR. §

§

CASH FLOW STATEMENT

WEYCER, KAPLAN, PULASKI & ZUBER, P.C.

JEFF CARRUTH (TX SBN: 24001846)

2608 Hibernia, Suite 105

Dallas, TX 75204-2514

Telephone: (713) 341-1158

Fax: (713) 961-5341

E-mail: jcarruth@wkpz.com

PROPOSED ATTORNEYS FOR 

HIGH PLAINS RADIO NETWORK, LLC,

DEBTOR AND DEBTOR IN POSSESSION

Case 24-70089-swe11 Doc 31 Filed 04/04/24 Entered 04/04/24 15:42:46 Desc Main

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High Plains Radio Network 13-week budget. No admission of liability.

Calendar Start of Week 4/5/2024 4/12/2024 4/19/2024 4/26/2024 5/3/2024 5/10/2024 5/17/2024 5/24/2024 5/31/2024 6/7/2024 6/14/2024 6/21/2024 6/28/2024

Week: 1 2 3 4 5 6 7 8 9 10 11 12 13 

Start Cash 10,289 24,075 34,848 41,794 7,008 22,217 34,413 22,782 5,419 14,628 (4,599) 12,347 13,561 

Receipts

Operating income 20,000 60,000 60,000 30,000 20,000 60,000 40,000 40,000 20,000 30,000 70,000 60,000 30,000

Total Cash Receipts 20,000 60,000 60,000 30,000 20,000 60,000 40,000 40,000 20,000 30,000 70,000 60,000 30,000

Operating Expenses

Payroll 0 (43,013) 0 (52,572) 0 (43,013) 0 (52,572) 0 (43,013) 0 (52,572) 0

Utilities & Leases 0 0 (33,530) 0 0 0 (33,530) 0 0 0 (33,530) 0 0

Programming Related 0 0 (13,310) 0 0 0 (13,310) 0 0 0 (13,310) 0 0

Insurance - Admin - Misc (6,214) (6,214) (6,214) (6,214) (4,791) (4,791) (4,791) (4,791) (4,791) (6,214) (6,214) (6,214) (6,214)

Total OpEx (6,214) (49,227) (53,054) (58,786) (4,791) (47,804) (51,631) (57,363) (4,791) (49,227) (53,054) (58,786) (6,214)

Prof. Fees/Admin. Expenses

WKPZ (5,000) (5,000) (5,000)

SubV Trutsee (1,000) (1,000) (1,000)

Total Prof. Fees/Admin. Exp, 0 0 0 (6,000) 0 0 0 0 (6,000) 0 0 0 (6,000)

Total Disbursements (6,214) (49,227) (53,054) (64,786) (4,791) (47,804) (51,631) (57,363) (10,791) (49,227) (53,054) (58,786) (12,214)

Net Cash Flow 13,786 10,773 6,946 (34,786) 15,209 12,196 (11,631) (17,363) 9,209 (19,227) 16,946 1,214 17,786

End Cash 24,075 34,848 41,794 7,008 22,217 34,413 22,782 5,419 14,628 (4,599) 12,347 13,561 31,347

NOTES Projected Collections April 170,000

Increase Sales HS Sports May 180,000

Increase Sales Graduation June 190,000

C:\Users\jcarruth\ND Office Echo\VAULT-C9SL7ZTY\[exh h011 - budget 002 13-wk 4859-1230-7636 v.2.xlsx]13 Wk Budget

EXHIBIT H011 - BUDGET 13 WEEK

4/3/2024 11:41 PM Page 1 of 1 [Tab]

Case 24-70089-swe11 Doc 31 Filed 04/04/24 Entered 04/04/24 15:42:46 Desc Main

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Operations Budget Altus Month %

1 Office - 4 FM Stations SW Okla Line

Type of Expense 4 FM Item

KYEB - KVWC Tower Lease - Titan Systems 1200 3.2%

0 0.0%

0 0.0%

KYEB - KVWC Tower Electric - TXU 800 2.1%

0 0.0%

0 0.0%

Office Int-Phones - Bluepeak 300 0.8%

Equipment Insurance - Liberty Mutual 1200 3.2%

Internet Feed Service - SecureNet 100 0.3%

Natural Gas - Summit 100 0.3%

Office Electric - Altus 500 1.3%

Office Water - Trash - Sewer - Altus 100 0.3%

Office Lease 2500 6.7%

Real Property Tax - Altus 300 0.8%

Personal Property Tax - All Counties 100 0.3%

Leases - Utilities - Insurance - Property Tax 7200 19.3%

Cell Services - $80 Per Station - Verizon 320 0.9%

Programming & Automation - Arrakis Adobe 100 0.3%

Sales & Sports Travel - $80 Per Station 320 0.9%

FCC Annual Fees - FM $2400 800 2.1%

Royalties - ASCAP @ $160 Ea. 640 1.7%

BMI @ $160 Ea. 640 1.7%

GMR @ $25 Ea. 100 0.3%

SESAC @ $25 Ea. 100 0.3%

Sound Exchange @ $100 Each Feed 200 0.5%

Programming - Travel - Broadcast - Royalties 3220 8.6%

Sports Mgr - Kathy 800 2.1%

Production Affidavits & FCC Quarterly - Jacob 300 0.8%

MS Prod Talent - Cal - Altus 2000 5.4%

0 0.0%

Sports Ancers @ $100 Per Mth Per Station 400 1.1%

Office & Traffic Mgr - Tracie 1750 4.7%

Sales Mgr Local - Trudy 1500 4.0%

Sales Rep #1 Altus - Niki 500 1.3%

Sales Rep #2 Frederick - Jennifer 500 1.3%

Sales Rep #3 Vernon - 500 1.3%

0 0.0%

0 0.0%

Engineering - Mike 750 2.0%

Agency Sales Mgr. - Tiffany 1000 2.7%

Property Maint. - Gentry 1000 2.7%

Promotions Mgr. - Kristi 500 1.3%

Gen. Sales Mgr. - Monte 1000 2.7%

Employee Tax Match 10% 1250 3.3%

Payroll 13750 36.8%

Corporate Expenses 1250 3.3%

Fees - Misc. - Other - ROUND OFF 5680 15.2%

Monthly Total 31100 100.0%

Commissions Added at 20% of the Monthly Total 6220 16.7%

Combined Monthly Total 37320

Combined Annual Total 447840

EXHIBIT H010 - PAGE 1

EXHIBIT H010

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Operations Budget Hereford Month %

1 Office - 4 FM & 1 AM Stations West Texas Line

Type of Expense 4 FM - 1 AM Item

KKYN & KRIA Tower Lease - Lift Systems 700 1.9%

KGRW Tower Lease - City of Friona 500 1.3%

KNNK Tower Lease - South Plains Com 750 2.0%

KKYN & KRIA Tower Electric - Swisher Elec. 500 1.3%

KZZN Tower Electric - Xcel 300 0.8%

 0 0.0%

 0 0.0%

Equipment Insurance - Liberty Mutual 1500 4.0%

Internet Feed Service - SecureNet 100 0.3%

Natural Gas - Atmos 100 0.3%

Office Electric - Xcel 300 0.8%

Office Water - Trash - Sewer - Hereford 120 0.3%

Office Lease 2500 6.7%

Real Property Tax - Hrfd & Ltfd 600 1.6%

Personal Property Tax - All Counties 100 0.3%

Leases - Utilities - Insurance - Property Tax 8070 21.6%

Cell Services - $80 Per Station - Verizon 400 1.1%

Programming & Automation - Arrakis Adobe 100 0.3%

Sales & Sports Travel - $80 Per Station 400 1.1%

FCC Annual Fees - FM $2400 - AM $600 850 2.3%

Royalties - ASCAP @ $160 Ea. 800 2.1%

 BMI @ $160 Ea. 800 2.1%

 GMR @ $25 Ea. 125 0.3%

 SESAC @ $25 Ea. 125 0.3%

 Sound Exchange @ $100 Each Feed 200 0.5%

Programming - Travel - Broadcast - Royalties 3800 10.2%

Sports Mgr - Johnny 1000 2.7%

MS Prod Talent - Chris - Plainview 1000 2.7%

MS Prod Talent - Jeri - Hereford 1000 2.7%

0 0.0%

Sports Ancers @ $200 Per Mth Per Station 1000 2.7%

Office & Traffic Mgr - Tracie 1750 4.7%

Sales Mgr Local - Jeri 1000 2.7%

Sales Rep #1 Hereford - 500 1.3%

Sales Rep #2 Friona - 500 1.3%

Sales Rep #3 Littlefield - 500 1.3%

0 0.0%

 0 0.0%

Engineering - Mike 750 2.0%

Agency Sales Mgr. - Tiffany 1000 2.7%

Property Maint. - Gentry 1000 2.7%

Promotions Mgr. - Kristi 500 1.3%

Gen. Sales Mgr. - Monte 1000 2.7%

Employee Tax Match 10% 1250 3.3%

Payroll 13750 36.8%

Corporate Expenses 1250 3.3%

Fees - Misc. - Other - ROUND OFF 4230 11.3%

Monthly Total 31100 100.0%

Commissions Added at 20% of the Monthly Total 6220 16.7%

Combined Monthly Total 37320

Combined Annual Total 447840

EXHIBIT H010 - PAGE 2

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Operations Budget Palestine Month %

1 Office - 2 FM & 3 AM Stations East Texas Line

Type of Expense 2 FM - 3 AM Item

KYYK Tower Lease - American 1600 2.9%

KWRD Tower Lease - Titan 700 1.3%

KCKL & KLVQ Tower Lease - Titan 1500 2.7%

KYYK & KNET Utility - Reliant 300 0.5%

KCKL & KLVQ Utility - TXU 500 0.9%

Office Apartment Expense 1000 1.8%

Office Int-Phones - Optimum & Etex & BrtSpd 900 1.6%

Equipment Insurance - Liberty Mutual 1500 2.7%

Internet Feed Service - SecureNet 100 0.2%

Natural Gas - None 0 0.0%

Office Electric - Reliant & SWEPC 1000 1.8%

Office Water - Trash - Sewer - Pal & Hend 200 0.4%

Office Lease - 2 Offices 5000 9.0%

Real Property Tax - Palestine & Henderson 700 1.3%

Personal Property Tax - All Counties 100 0.2%

Leases - Utilities - Insurance - Property Tax 15100 27.3%

Cell Services - $80 Per Station - Verizon 400 0.7%

Programming & Automation - Arrakis Adobe 100 0.2%

Sales & Sports Travel - $80 Per Station 400 0.7%

FCC Annual Fees - FM $2400 - AM $600 550 1.0%

Royalties - ASCAP @ $160 Ea. 800 1.4%

 BMI @ $160 Ea. 800 1.4%

 GMR @ $25 Ea. 125 0.2%

 SESAC @ $25 Ea. 125 0.2%

 Sound Exchange @ $100 Each Feed 200 0.4%

Programming - Travel - Broadcast - Royalties 3500 6.3%

Sports Mgr - Paul 1200 2.2%

MS Prod Talent - Stephanie - Athens 2500 4.5%

MS Prod Talent - Mark - Henderson 1250 2.3%

MS Prod Talent - Kat - Palestine 2500 4.5%

Sports Ancers @ $200 Per Mth Per Station 1000 1.8%

Office & Traffic Mgr - Tasha 1750 3.2%

Sales Mgr Local - Stephanie - Athens 3000 5.4%

Sales Mgr Local - Kenny - Henderson 2000 3.6%

Sales Mgr Local - Thor - Palestine 1000 1.8%

Sales Rep #1 - - Athens 500 0.9%

Sales Rep #2 - Erminia - Henderson 500 0.9%

Sales Rep #3 - - Palestine 500 0.9%

Engineering - Mike 750 1.4%

Agency Sales Mgr. - Tiffany 1000 1.8%

Property Maint. - Gentry 1000 1.8%

Promotions Mgr. - Kristi 500 0.9%

Gen. Sales Mgr. - Monte 1000 1.8%

Employee Tax Match 10% 2195 4.0%

Payroll 24145 43.6%

Corporate Expenses 1250 2.3%

Fees - Misc. - Other - ROUND OFF 2105 3.8%

Monthly Total 46100 100.0%

Commissions Added at 20% of the Monthly Total 9220 16.7%

Combined Monthly Total 55320

Combined Annual Total 663840

EXHIBIT H010 - PAGE 3

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Operations Budget Helena Month %

1 Office - 3 FM KJMT - KFFA Line

Type of Expense WDMS 3 FM Item

KFFA Tower Rent - Titan Tower All Exp 1200 3.2%

Mtn. Home Tower & Office Lease 600 1.6%

 0 0.0%

 0 0.0%

 0 0.0%

 0 0.0%

Office Int-Phones - Optimum 900 2.4%

Property & Equipment Ins GNVL - SouthGroup 900 2.4%

Internet Feed Service - SecureNet 100 0.3%

Natural Gas - Black Hills Gas 100 0.3%

Office Electric - NAEC - Entergy - Entergy 1400 3.8%

Office Water - Trash - Sewer - Helena & GNVL 160 0.4%

Office Lease 2500 6.7%

Real Property Tax - Helena 300 0.8%

Personal Property Tax - All Counties 100 0.3%

Leases - Utilities - Insurance - Property Tax 8260 22.1%

Cell Services - $80 Per Station - Verizon 240 0.6%

Programming & Automation - Arrakis Adobe 300 0.8%

Sales & Sports Travel - $80 Per Station 240 0.6%

FCC Annual Fees - FM $2400 600 1.6%

Royalties - ASCAP @ $160 Ea. 480 1.3%

 BMI @ $160 Ea. 480 1.3%

 GMR @ $25 Ea. 75 0.2%

 SESAC @ $25 Ea. 75 0.2%

 Sound Exchange @ $100 Each Feed 300 0.8%

Programming - Travel - Broadcast - Royalties 2790 7.5%

MS Prod Talent - Scott - Mtn Hm 1500 4.0%

MS Prod Talent - Leon - Helena 1500 4.0%

MS Prod Talent - Johnny - Greenville 1000 2.7%

0 0.0%

Sports Ancers @ $200 Per Mth Per Station 600 1.6%

Office & Traffic Mgr - Tasha 1750 4.7%

Sales Mgr Local - Johnny - Greenville 2000 5.4%

Sales Mgr Local - Deward - Helena 1000 2.7%

Sales Mgr Local - - Mtn. Hm. 1000 2.7%

0 0.0%

0 0.0%

 0 0.0%

Engineering - Mike 750 2.0%

Agency Sales Mgr. - Tiffany 1000 2.7%

Property Maint. - Gentry 1000 2.7%

Promotions Mgr. - Kristi 500 1.3%

Gen. Sales Mgr. - Monte 1000 2.7%

Employee Tax Match 10% 1460 3.9%

Payroll 16060 43.0%

Corporate Expenses 1250 3.3%

Fees - Misc. - Other - ROUND OFF 2740 7.3%

Monthly Total 31100 100.0%

Commissions Added at 20% of the Monthly Total 6220 16.7%

Combined Monthly Total 37320

Combined Annual Total 447840

EXHIBIT H010 - PAGE 4

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