Số tiền này được chuyển giao cho các chương trình chi phí hoạt động khác [đầu ra] phần và chuyển cho đến khi thay đổi được thực hiện trong phần đầu vào. Nếu chi phí được thanh toán trong khoảng thời gian khác, | 132 Business Planning and Financial Modeling for Microfinance Institutions a Handbook in the excess shortfall including liquidity requirements line. Any negative ending balances indicate that cash levels would be overdrawn as with the 20 000 portfolio figure in the right-hand column. If there is inadequate cash to meet minimum liquidity requirements a negative number will also appear in the excess short-fall line as with the 35 000 figure in the right-hand column of table representing the shortfall of 20 000 to meet portfolio needs and the shortfall of 15 000 to cover minimum liquidity requirements. In allocating unrestricted resources among competing needs Microfin must prioritize the needs. If unrestricted resources are insufficient to cover all projected needs for operations portfolio and other assets not met by restricted resources Microfin rations funds. It first covers all operational expenses. If any unrestricted funds remain the model applies them to financing growth in the portfolio then to financing other assets. This prioritization simply reflects the logic of the model since in an actual shortfall management would determine the use of unrestricted resources. But understanding Microfin s rules for prioritization will help users interpret any shortfalls projected by the model before they take steps to eliminate the shortfalls. Using automated default financing sources The procedure described in the previous section can prove tedious in practice. And once completed the modeling of financing needs will change as changes are introduced in earlier sections of the model. Therefore to facilitate experimentation and sensitivity analysis Microfin provides an option to automatically generate default financing sources to maintain a positive cash flow this option frees users from having to review end balances month by month adjusting for surpluses or deficits. Users can enable this option by clicking on the box labeled automated default sources at the top
