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SEC Filings

S-1/A
CHIPOTLE MEXICAN GRILL INC filed this Form S-1/A on 12/23/2005
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Support of Chipotle Business Initiatives

 

* Projects will be prioritized jointly.
* Projects will be absorbed to the extent of the 1 full time equivalent.
* Additional work requested by Chipotle beyond this will be on a fee basis.

 

Certain Chipotle business initiatives impact the McDonald's or require the support of McDonald's (i.e. implementation of new inventory system—led by Chipotle, workflow—led by McDonald's). One full time equivalent is currently allocated for these changes.

Chart A: Services Performed/Service Level

Area

  Detailed Services
  Service Level
Accounts Payable Processing  

  New vendor set up
Vendor maintenance
Store invoice payments
  Invoices processed within an average of 2.5 days or less of receipt
      Corporate invoices payments    
      Expense report payments    
      Car allowance payments    
      1099's from AP subsystem    
      EDI processing    
      Stop payment processing    
      Voids    
      Check printing/ordering check stock/envelopes    
      Check mailing    
      Purchase Card Administrator Role (ordering/canceling cards/issuing monthly statements to cardholders)    
      Retrieving purchase card data and posting to GL    
      Pcard recodes for received and approved charges    
      Pcard receipt tracking    
      Daily cash funding (check accounts and request necessary funding from Mcd)    
      Reconciling AP system to GL system    
      Lease card and fuel card invoice receipt, review and payments    

Fixed Asset Processing

 




 

Store invoice payments
Corporate invoice payments
Construction invoice payments

 

Invoices processed within an average of 2.5 days or less of receipt
      Transfers and retirements    
      Reconciling FA system to GL system    
      Utilizing Oracle Projects for new store construction. Includes entering misc adds (i.e. cost not entered by PO but necessary for reporting) and reconciling Projects to FA    
      Utilizing Oracle Projects for reinvestment invoices (includes communication back to facilities if expense is not capitalizeable)    
      Reviewing invoices to ensure they meet the Chipotle capitalization requirements    

General Ledger

 



 

Trial balance review & analysis—store level
Sales review

 

Close P&L by workday 5
   
  Book recurring expenses
Close and distribute store P&Ls
  Bank Reconciliations completed monthly
      Store, Master and Corporate account bank reconciliations    
      Book and report manager bonus accounts (reporting completed quarterly)    
      Process defined G&A recurring entries    
      Establishing new accounts in Oracle    
      E&Y audit—around McDonald's areas    
      Oracle GL hierarchy maintenance/creation.    
      New store set up in Oracle    
      Booking monthly insurance charges for all lease car drivers    

12


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