--0000000000004f8e9305dead3ee3 Content-Type: multipart/related; boundary="0000000000004f8e9205dead3ee2" --0000000000004f8e9205dead3ee2 Content-Type: multipart/alternative; boundary="0000000000004f8e8e05dead3ee1" --0000000000004f8e8e05dead3ee1 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Angie, Thank you for your detailed explanation of Waterloo's current situation. The wire funding to RBC has been processed. Please refer to the attached transaction details and confirm receipt of funds. Appreciate your collaboration, and look forward to receiving the estimated payroll, outflow and inflow analysis. Best Regards, Margaret (Maeg) Diokno *Sr. Treasury Analyst* U.S. Mobile: +1 (760) 996-2432 Canada Mobile: +1 (226) 781-4611 San Diego, CA | USA [image: TheKey] *| *TheKey.com *Please note, my email has changed: *margaret.diokno@TheKey.com On Tue, May 10, 2022 at 10:32 AM Angie Kunnath wrote: > Hello Maeg, > > Thank you for your attention on the matter. Please see my responses below= . > > Also, do you foresee similar cash shortages as something that we'll run > into regularly? Other than sending a larger amount of cash to delay futur= e > requests, is there any other way to push these institutional payers in > making timely payments to avoid such situations? Would you happen to have > Waterloo's estimated weekly/monthly payroll and outflow totals, as well a= s > expected weekly/monthly inflows? - Cash shortages are not a common > scenario we anticipate. It would be ideal to have a buffer to support any > future payroll increases driven by growth. The institutions we work with > have varying payment terms as per the current agreements. However, they a= re > prompt in payments and often settle the invoices ahead of time. In this > particular case, we had a significant boost to staff augmentation for our > Waterloo operations driven by Covid-19 outbreaks. I'll send a follow-up > email with the estimated weekly/monthly payroll and outflows and inflows. > > Treasury is okay with sending a larger amount today(80K CAD) for support, > but hoping we can touch base on the above items so that we may further > understand Oakville and Waterloo operations, address what might be drivin= g > this funding need, and also discuss when we might be able to organize > possible excess cash return/s back to our corporate account. - For the > Waterloo operations, we have a large client base that is facilities. With > staff augmentation, there are periods of high demand followed by a dip in > staffing requests. In the last two weeks, we have seen multiple clients > going into covid-19 outbreaks and needing extensive staff augmentation. I= n > addition, there is an increase in billing and payroll rate for staffing a= t > an Outbreak location. > > I have attached the pre-authorized debit form for the Waterloo location. > Let me know if you have any questions. > > Regards, > > Angie Kunnath > > *Home Care Assistance - **Serving Oakville, M