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expenses . These needs are set forth in Exhibit A attached hereto <br /> and are as follows : <br /> a. Excess First Quarter Expenses . Resources under- <br /> estimated its average monthly administrative expenses <br /> for the first quarter. Additionally, unforeseen <br /> expenses for propane and additional contract labor were <br /> incurred in the first quarter. <br /> ( 1 ) Average Monthly Budget . In the First Motion, <br /> Resources estimated that its ongoing <br /> administrative expenses for contract labor (which <br /> includes no compensation for any officers or <br /> directors of Resources ) , utilities , insurance, <br /> permits, and other general and administrative <br /> expenses would be $24 , 893 per month for the first <br /> quarter of 1993 . Accordingly, Resources sought <br /> and received cash collateral authorization in the <br /> amount of $75, 000 , to cover these expenses for <br /> three months . For several years , Pitkin Iron has <br /> shared an electric meter with Resources ' and <br /> charged Resources ' its estimated share at $1 , 000 <br /> per month. Pitkin Iron closed its facilities . <br /> Since January, Resources ' office has been the only <br /> facility serviced by the electric meter. Actual <br /> charges have been $2 , 500 per month. The <br /> additional amount needed to cover this discrepancy <br /> is $4 , 179 . 93 . <br /> ( 2 ) Propane. An usually heavy snow fall made it <br /> necessary to heat unoccupied buildings at the mine <br /> site. These building have flat roofs allowing <br /> snow to accumulate and potentially cause <br /> structural damage and safety hazards . Further, <br /> equipment awaiting liquidation is being stored in <br /> these building and would have been damaged in the <br /> event of structural failure. The cost of propane <br /> for the first quarter was $22 ,284 . 05 . <br /> (3 ) Additional Contract Labor. In addition to <br /> the costs of contract labor allocated under the <br /> average monthly budget, Resources found it <br /> necessary to hire three additional men and rent <br /> one vehicle. The additional labor was required <br /> (i) to assist MBE employees in moving equipment to <br /> sheltered areas for the winter and (ii) to prepare <br /> equipment for reclamation efforts. The cost for <br /> additional contract- labor in the first quarter was <br /> $9 , 575 . 37 . <br /> -3- <br />