Regular Expenses
Regular, recurring expenses and how they are paid
There are several expenses that are incurred on a regular and recurring basis. The following table describes each one, including a description of how the expense is paid. "Check" means that a physical check is written and delivered to the creditor.
| Expense | Frequency | Amount | Mode of Payment |
|---|---|---|---|
| Rent | Monthly | (confidential) | Check, mailed to John's landscaping business (next door to i3); John does not send any reminders and there is a significant penalty for late payment! |
| WOW Internet | Monthly | $72.00 | ACH transfer from checking; paper bill is mailed to 1481 Wordsworth |
| Runco (trash) | Monthly | varies - approximately $70 | Check; paper bill is mailed to 1481 Wordsworth |
| Consumers Energy (gas) | Monthly | Varies - between $50 & $200 approximately | ACH transfer from checking; bill is sent electronically to treasurer@i3detroit.com. |
| DTE Energy (electricity) | Monthly | varies - approximately $2,000 | ACH transfer from checking; paper bill is mailed to 1481 Wordsworth |
| Wesfield Group (insurance) | Monthly | $63.58 | ACH transfer from checking |
| John Hutt (water) | Quarterly | $200 | Check, payable to John Hutt, mailed to John's landscaping business (next door to i3); John Hutt delivers copy of bill to 1481 Wordsworth mailbox |
