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Rybeck has the following cash budget for the next 6 months:

Jan

$000

Feb

$000

March

$000

April

$000

May

$000

June

$000

Cash receipts

From customers

5

8

10

15

12

10

Bond maturing

5

5

8

15

15

12

10

Cash Payments

To Suppliers

6

8

12

10

8

4

Income tax

4

Wages

4

4

4

3

3

3

Capital Expenditure

5

Loan Repayment

2

10

17

20

15

11

7

net inflow/outflow

(5)

(9)

(5)

-

1

3

balance b/f

2

(3)

(12)

(17)

(17)

(16)

balance c/f

(3)

(12)

(17)

(17)

(16)

(13)

Rybeck only has an overdraft facility of $15,000. It has been proposed to reschedule the cash flows by delaying payment of 50% of the supplier payments in each of the first five months by one month.

What will now be the maximum overdraft reached?

The maximum overdraft reached is:

$________

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