Prepared by BlackpeakCFO Controller Services · Weekly rolling update · Projections based on signed contracts and historical collections patterns. For management use only.
Key finding: Cash position is healthy and improving across all 13 weeks. The Q1 bonus ($94,200, W4) and Texas Franchise Tax ($87,300, W12) are fully funded from operating cash — no credit line draw required under any modelled scenario. Florida project billings from Pasco & Hillsborough County contracts provide meaningful diversification. BlackpeakCFO recommends establishing a formal $500K cash reserve policy by Q3 2026.
13-Week Rolling Cash Flow Forecast · Gulf Coast Building Services LLC · BlackpeakCFO Controller ServicesPage 2 of 12
TX vs FL tax obligations: Texas Franchise Tax (EZ 0.331% of TX gross revenue) = $87,300. Florida has no state income or corporate income tax — zero equivalent obligation for FL operations. Both states are among the lowest total state tax burden environments in the US.
13-Week Rolling Cash Flow Forecast · Gulf Coast Building Services LLC · BlackpeakCFO Controller ServicesPage 7 of 12
Scenario AnalysisThree-Scenario Stress TestClosing balance at Week 13 · May 22, 2026
Scenario ABase Case$2,653,782Collections per forecast. Disbursements as planned. TX Franchise Tax paid May 15. All 4 active projects on schedule: Katy ISD, Harris County (TX), Pasco County (FL), Hillsborough County (FL).
Net generated: +$506,400
LOC drawn: $0
Min cash any week: $2,146K
All covenants: ✓ Met
Scenario BUpside Case$3,087,000Collections +10% above forecast. Katy ISD releases $215K retainage 2 weeks early (W8 vs W10). New Florida county contract: $180K mobilisation payment received W9.
Stress case mitigation: Even in the stress scenario, the Wells Fargo $1.5M revolving LOC provides a $500K buffer that keeps Gulf Coast above the $750K covenant floor. BlackpeakCFO monitors collections weekly and would trigger a LOC draw recommendation at $1.2M cash — giving 30+ days of additional operating runway.
TX Franchise Tax paid under all three scenarios — obligation is fixed regardless of revenue outcome.Page 9 of 12
Risk RegisterCash Flow Risk Register13-week forecast period
Risk
Impact
Likelihood
Description & Context
Mitigation
Slow-pay GC — Katy ISD
High
Medium
Katy ISD (TX) = 31% of current AR. TX school districts run net-45 terms; retainage release requires architect sign-off. A 2-week delay on $143K retainage reduces minimum cash to $2,003K — still well above covenant.
Weekly lien waiver tracking · escalation to GC PM
Copper price spike
Medium
Medium
Katy ISD contract is lump-sum — 10% copper price increase adds ~$45K unrecoverable cost. Houston and DFW market demand is driving spot prices higher entering construction season.
Buy forward at current prices · review change order clauses
TX Franchise Tax computation
Medium
Low
TX Legislature in session; EZ method may change for 2025 tax year. $87,300 reserved at EZ rate (0.331%). Standard rate (0.75%) would increase liability to ~$139K. FL has no equivalent obligation.
Confirm with CPA by Apr 15 · reserve extra $52K if needed
Florida payment delays
Medium
Low
Pasco & Hillsborough County (FL) contracts in execution. FL Prompt Payment Act (§255.073) provides remedies but dispute resolution takes 45–90 days. No lien rights against FL counties.
Tight labor market in Houston MSA and Tampa Bay — licensed mechanical subs quoting +8–12% above historical rates. Sub spend = $1.13M (34.9% of disbursements).
Lock in rates · add 8% contingency to new project bids
EFTPS deposit timing
Low
Low
Semi-weekly depositor. IRS EFTPS deposits due within 2 business days of payroll. Missing deposit triggers 2–10% penalty. Administrative risk, not a liquidity issue.
BlackpeakCFO controls EFTPS calendar · automated system
Risk register reviewed weekly. All HIGH-impact items require owner sign-off on mitigation plan.Page 10 of 12
Banking CovenantsWells Fargo $1.5M LOC — Covenant Compliance✓ All covenants met throughout forecast period
Minimum Cash Balance
$2,146K actual≥ $750K required
✓ 186% of covenant floor
Debt Service Coverage Ratio
3.2× actual≥ 1.25× required
✓ 2.56× headroom above minimum
Current Ratio
2.8× actual≥ 1.5× required
✓ 1.3× headroom above minimum
Working Capital
$2.1M actual≥ $500K required
✓ 4.2× covenant requirement
Why TX & FL businesses need this: Texas banks (Frost, Veritex, Prosperity, PlainsCapital, Wells Fargo) and Florida banks (Valley National, Regions, Truist, Bank of Tampa, First Horizon) all require a 13-week rolling cash flow forecast at annual LOC review. Maintaining this forecast — updated weekly by BlackpeakCFO — demonstrates the financial discipline lenders reward. A $500K LOC increase (to $2.0M) will be supported by this forecast at Gulf Coast’s Q4 2026 annual review.
Covenant testing performed monthly. 13-week cash forecast delivered every Monday by BlackpeakCFO.Page 11 of 12
Accelerate Katy ISD billing Submit W10 retainage release request 1 week early. $143K receivable is the single largest cash event in the forecast. Owner: PM + BlackpeakCFO
Pre-queue TX Franchise Tax EFT Schedule $87,300 EFT in Texas Comptroller eSystems for May 14. Confirm EZ rate with CPA. FL operations: no equivalent action required. Owner: BlackpeakCFO
Lock copper pricing Contact 2–3 suppliers for 90-day price hold on copper tubing for Katy ISD remaining scope. Eliminates ~$45K stress-case exposure. Owner: Procurement
Confirm FL prompt payment compliance Verify Pasco & Hillsborough County billing deadlines under FL §255.073. Ensure monthly pay apps submitted by the 25th. Owner: PM + BlackpeakCFO
Master subcontractor agreements $1.13M sub spend — lock in preferred rates before Q3. Issue master sub agreements. Tight Houston & Tampa labor markets make this urgent. Owner: Operations
Weekly LOC monitoring Updated 13-week forecast every Monday. LOC draw trigger = $1.2M cash. No draw projected in base or upside scenarios. Owner: BlackpeakCFO (standing)
Target DFW / Tampa expansion DFW has 180K+ business establishments (largest TX metro). Tampa Bay 400K+ SMBs. Mechanical demand high in both markets. Financial readiness confirmed. Owner: Business Development