Cash Inflows (Income Statement)

Size: px

Start display at page:

Download "Cash Inflows (Income Statement)"

Randolph Johnson
5 years ago
Views:

1 Cash Inflows / Received From Responsibl e Center Governmen t Payments Crop Sales Crop Revenues Calf Sales (Not Breeding) 2/1/2002 Livestock Auction PC: Cow/Calf 2 Hd calves $ 702 $ 702 for February $ - $ - $ - $ 702 $ - $ 702 3/1/2002 Livestock Auction PC: Cow/Calf 1 Cull Cow $ 480 $ 480 3/1/2002 Livestock Auction PC: Cow/Calf 4 Hd calves $ 1,368 $ 1,368 for March $ - $ - $ - $ 1,368 $ 480 $ 1,848 4/1/2002 Livestock Auction PC: Cow/Calf 2 Hd calves $ 657 $ 657 for April $ - $ - $ - $ 657 $ - $ 657 5/1/2002 Vegetable Stand PC: Onions $ 2,500 $ 2,500 5/1/2002 Livestock Auction PC: Cow/Calf 2 Hd calves $ 648 $ 648 for May $ - $ 2,500 $ - $ 648 $ - $ 3,148 6/1/2002 Livestock Auction PC: Cow/Calf 1 Calf $ 315 $ 315 6/1/2002 Vegetable Stand PC: Onions $ 2,500 $ 2,500 6/1/2002 Vegetable Stand PC: Tomatos $ 500 $ 500 for June $ - $ 3,000 $ - $ 315 $ - $ 3,315 7/1/2002 Vegetable Stand PC: Onions $ 2,000 $ 2,000 7/1/2002 Vegetable Stand PC: Corn $ 333 $ 333 7/1/2002 Vegetable Stand PC: Tomatos $ 500 $ 500 7/1/2002 Vegetable Stand PC: Cantaloupe $ 1,000 $ 1,000 for July $ - $ 3,833 $ - $ - $ - $ 3,833

2 Cash Inflows / Received From Responsibl e Center Governmen t Payments Crop Sales Crop Revenues Calf Sales (Not Breeding) 8/1/2002 Vegetable Stand PC: Onions $ 500 $ 500 8/1/2002 Vegetable Stand PC: Corn $ 500 $ 500 8/1/2002 Vegetable Stand PC: Tomatos $ 500 $ 500 8/1/2002 Vegetable Stand PC: Cantaloupe $ 2,000 $ 2,000 for August $ - $ 3,500 $ - $ - $ - $ 3,500 9/1/2002 Vegetable Stand PC: Corn $ 500 $ 500 9/1/2002 Vegetable Stand PC: Cantaloupe $ 400 $ 400 for September $ - $ 900 $ - $ - $ - $ /1/2002 Livestock Auction PC: Cow/Calf 2 Hd calves $ 666 $ 666 for November TOTAL FOR 2002 $ - $ - $ - $ 666 $ - $ 666 $ - $ 13,733 $ - $ 4,356 $ 480 $ 18,569

3 Cash Inflows (Balance Sheet) / Payee Sale of Breeding Livestock Sale of Machinery Sale of Land Sale of Buildings Loan Proceeds 3/1/2002 Livestock Auction 1 Cull Cow $ - $ - This cow is depreciated out, and has a zero basis; therefore, the entire sales amount is gain. for March & 2002 $ - $ - $ - $ - $ - $ - $ -

4 Cash Inflows Personal / Received From Off- farm Salaries Interest Income (Non-farm) 1/1/2002 Town High School 2/1/2002 Town High School 3/1/2002 Town High School 4/1/2002 Town High School 5/1/2002 Town High School 6/1/2002 Town High School 7/1/2002 Town High School 8/1/2002 Town High School 9/1/2002 Town High School 10/1/2002 Town High School 11/1/2002 Town High School 12/1/2002 Town High School TOTAL FOR 2002 $ 16,000 $ 16,000

5 PC: Cantaloupes Profit Cost Center/ Commodity (Circle one) Chemicals Contract Labor Feed Fertilizer & Lime Freight & Trucking Gas, Fuel, & Oil Crop Rent or Lease Seed Vet & Medicine 3/1/ Farmer's Co-op $ 15 $ 15 for March $ - $ - $ - $ 15 $ - $ - $ - $ - $ - $ - $ - $ 15 5/1/ Farmer's Co-op $ 125 $ 125 5/1/ Farmer's Co-op $ 500 $ 500 for May $ - $ - $ - $ 125 $ - $ - $ - $ - $ 500 $ - $ - $ 625 6/1/ Farmer's Co-op $ 250 $ 250 for June $ 250 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 250 7/1/ Farmer's Co-op $ 320 $ 320 for July TOTAL FOR 2002 $ 320 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 320 $ 570 $ - $ - $ 140 $ - $ - $ - $ - $ 500 $ - $ - $ 1,210 ** Remember to leave 3 rows between months for totals

6 PC: Corn Profit Cost Center/ Commodity (Circle one) Chemicals Contract Labor Feed Fertilizer & Lime 3/1/ Farmer's Co-op $ 30 $ 30 for March Freight & Trucking Gas, Fuel, & Oil Crop Rent or Lease Seed Vet & Medicine $ - $ - $ - $ 30 $ - $ - $ - $ - $ - $ - $ - $ 30 4/1/ Farmer's Co-op $ 70 $ 70 4/1/ Farmer's Co-op $ 180 $ 180 for April $ - $ - $ - $ 70 $ - $ - $ - $ - $ 180 $ - $ - $ 250 5/1/ Farmer's Co-op $ 170 $ 170 for May $ 170 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 170 6/1/ Farmer's Co-op $ 70 $ 70 for June $ - $ - $ - $ 70 $ - $ - $ - $ - $ - $ - $ - $ 70 TOTAL FOR 2002 $ 170 $ - $ - $ 170 $ - $ - $ - $ - $ 180 $ - $ - $ 520 ** Remember to leave 3 rows between months for totals

7 PC: Cow/Calf Profit Cost Center/ Commodity (Circle one) Chemicals Contract Labor Feed Fertilizer & Lime Freight & Trucking Gas, Fuel, & Oil Crop Rent or Lease Seed Supplies Vet & Medicine 1/1/ Red River Feed 45 sacks $ 200 $ 200 1/15/ Red River Feed 55 sacks $ 250 $ 250 1/25/ Red River Feed 22 sacks $ 100 $ 100 for JANUARY $ - $ - $ 550 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 550 for FEBRUARY $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - 3/1/ City Vet- pull calf $ 50 $ 50 3/1/ General Supply Store $ 15 $ 15 for MARCH General Supply Store- batteries $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 15 $ 50 $ - $ 65 4/1/ for hotshot $ 8 $ 8 4/1/ City Vet- prolapse $ 50 $ 50 for APRIL $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 8 $ 50 $ - $ 58 5/1/ General Supply Store- salt blks $ 12 $ 12 5/1/ City Vet- Medicine $ 25 $ 25 for MAY $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 12 $ 25 $ - $ 37 for JUNE for JULY $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ $ - - 8/1/ Red River Feed $ 500 $ 500 8/1/ General Supply Store $ 25 $ 25 8/1/ City Vet $ 75 $ 75 for AUGUST $ - $ - $ 500 $ - $ - $ - $ - $ - $ - $ 25 $ 75 $ - $ 600

8 PC: Cow/Calf Profit Cost Center/ Commodity (Circle one) Chemicals Contract Labor Feed Fertilizer & Lime Freight & Trucking Gas, Fuel, & Oil Crop Rent or Lease Seed Supplies Vet & Medicine 9/1/ General Supply Store $ 20 $ 20 9/1/ City Vet $ 50 $ 50 for SEPTEMBER $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 20 $ 50 $ - $ 70 10/1/ General Supply Store $ 20 $ 20 10/1/ City Vet $ 75 $ 75 for OCTOBER $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 20 $ 75 $ - $ 95 11/1/ General Supply Store $ 15 $ 15 11/1/ City Vet $ 50 $ 50 11/1/ Red River Feed $ 2,000 $ 2,000 for NOVEMBER $ - $ - $ 2,000 $ - $ - $ - $ - $ - $ - $ 15 $ 50 $ - $ 2,065 12/1/ Red River Feed $ 550 $ /1/ General Supply Store $ 10 $ 10 for DECEMBER $ - $ - $ 550 $ - $ - $ - $ - $ - $ - $ 10 $ - $ - $ 560 TOTAL FOR 2002 $ - $ - $ 3,600 $ - $ - $ - $ - $ - $ - $ 125 $ 375 $ - $ 4,100

9 PC: Onions Profit Cost Center/ Commodity (Circle one) Chemicals Contract Labor Feed Fertilizer & Lime 3/1/ Farmer's Co-op $ 15 $ 15 3/1/ Farmer's Co-op $ 111 $ 111 for March Freight & Trucking Gas, Fuel, & Oil Crop Rent or Lease Seed Vet & Medicine $ - $ - $ - $ 15 $ - $ - $ - $ - $ 111 $ - $ - $ 126 4/1/ Farmer's Co-op $ 128 $ 128 4/1/ Farmer's Co-op $ 75 $ 75 4/1/ Farmer's Co-op $ 111 $ 111 for April $ 128 $ - $ - $ 75 $ - $ - $ - $ - $ 111 $ - $ - $ 314 TOTAL FOR 2002 $ 128 $ - $ - $ 90 $ - $ - $ - $ - $ 222 $ - $ - $ 440 ** Remember to leave 3 rows between months for totals

10 PC: Tomatoes Profit Cost Center/ Commodity (Circle one) Chemicals Contract Labor Feed Fertilizer & Lime Freight & Trucking Gas, Fuel, & Oil Crop Rent or Lease Seed Vet & Medicine 3/1/ Farmer's Co-op $ 15 $ 15 for March $ - $ - $ - $ 15 $ - $ - $ - $ - $ - $ - $ - $ 15 4/1/ Farmer's Co-op $ 450 $ 450 for April $ - $ - $ - $ - $ - $ - $ - $ - $ 450 $ - $ - $ 450 5/1/ Farmer's Co-op $ 74 $ 74 5/1/ Farmer's Co-op $ 250 $ 250 for May $ - $ - $ - $ 74 $ - $ - $ - $ - $ 250 $ - $ - $ 324 6/1/ Farmer's Co-op $ 175 $ 175 6/1/ Farmer's Co-op $ 200 $ 200 for June $ 175 $ - $ - $ - $ - $ - $ - $ - $ 200 $ - $ - $ 375 7/1/ Farmer's Co-op $ 74 $ 74 for July TOTAL FOR 2002 $ - $ - $ - $ 74 $ - $ - $ - $ - $ - $ - $ - $ 74 $ 175 $ - $ - $ 163 $ - $ - $ - $ - $ 900 $ - $ - $ 1,238 ** Remember to leave 3 rows between months for totals

11 Labor- Support Center Contract Labor (1099) Hired Labor (W-2) Employer Portion-SS & Med Benefits Cash Outflow 1/1/ John Doe, Jr. 2/1/ John Doe, Jr. 3/1/ John Doe, Jr. 4/1/ John Doe, Jr. 5/1/ John Doe, Jr. 6/1/ John Doe, Jr. 7/1/ John Doe, Jr. 8/1/ John Doe, Jr. 9/1/ John Doe, Jr. 10/1/ John Doe, Jr. 11/1/ John Doe, Jr. 12/1/ John Doe, Jr. for 2002 (by month) $ 5,004 $ 5,004

12 Finance (Interest)- Support Center / Payee Operating Loan Interest Land Note Interest Note # Interest Note # Interest Note # Interest 1/1/ Land Bank $ 1,678 $ 1,678 for January $ 1,678 $ 1,678 9/1/2002 $ 178 Land Bank $ 679 $ 679 for September for 2002 $ 679 $ 679 $ 2,358 $ 2,358

13 Machinery & Equipment- Support Center / Payee Gas, Fuel & Oil Rent/ Lease (Equip) Repairs 1/1/ Texaco Gas Station $ 25 $ 25 1/7/ Texaco Gas Station $ 20 $ 20 1/15/ Texaco Gas Station $ 25 $ 25 1/25/ Texaco Gas Station $ 10 $ 10 for January Cash Outflows 2/1/ Texaco Gas Station 2/1/ We Fix It Repair Shop $ 200 $ 200 for February $ 200 $ 280 3/1/ Texaco Gas Station for March 4/1/ Texaco Gas Station $ 100 $ 100 4/1/ We Fix It Repair Shop $ 400 $ 400 for April $ 100 $ 400 $ 500

14 Machinery & Equipment- Support Center / Payee Gas, Fuel & Oil Rent/ Lease (Equip) Repairs Cash Outflows 5/1/ Texaco Gas Station $ 120 $ 120 for May $ 120 $ 120 6/1/ Texaco Gas Station $ 120 $ 120 for June $ 120 $ 120 7/1/ Texaco Gas Station $ 130 $ 130 for July $ 130 $ 130 8/1/ Texaco Gas Station $ 130 $ 130 for August $ 130 $ 130 9/1/ Texaco Gas Station $ 100 $ 100 for September $ 100 $ 100

15 Machinery & Equipment- Support Center / Payee Gas, Fuel & Oil Rent/ Lease (Equip) Repairs 10/1/ Texaco Gas Station 10/1/ We Fix It Repair Shop $ 200 $ 200 for October $ 200 $ 280 Cash Outflows 11/1/ Texaco Gas Station $ 90 $ 90 for November $ 90 $ 90 12/1/ Texaco Gas Station 12/31/ Depreciation $ - for December $ - $ - $ - $ - TOTAL FOR 2002 $ 1,190 $ - $ - 0 $ - $ 1,990

16 (Balance Sheet) Purchased Livestock Purchased Machinery Purchased Buildings Purchased Land Purchased Vehicles Loan Payments 1/1/ Land Bank $ 906 $ 906 for January $ - $ - $ - $ - $ - $ 906 $ - $ 906 9/1/ Land Bank $ 2,008 $ 2,008 for September $ - $ - $ - $ - $ - $ 2,008 $ - $ 2,008 TOTAL for 2002 $ - $ - $ - $ - $ - $ 2,914 $ - $ 2,914

17 Personal ** Monthly totals should be added to the Labor SC costs to be allocated back to the Profit Centers. Gas & Oil (Personal) Groceries Household Medical Child Care Meals & Entertainment 1/1/ United Supermarkets $ 300 $ 300 1/5/ Wal-Mart $ 200 $ 200 1/10/ JC Penney's $ 100 $ 100 1/12/ ATI Phone Comp. $ 50 $ 50 1/12/ Café de Frei $ 50 $ 50 1/15/ All-states Co.- House $ 150 $ 150 1/15/ All-states Co.- Car $ 150 $ 150 1/15/ East Texas Utility Comp. $ 150 $ 150 for January $ - $ 300 $ 200 $ 300 $ - $ - $ 50 $ 200 $ 100 $ 1,150 Utilities 2/1/ United Supermarkets $ 300 $ 300 2/1/ Wal-Mart $ 200 $ 200 2/5/ Lump Sum Personal Stuff $ 500 $ 500 2/7/ East Texas Utility Comp. $ 140 $ 140 for February $ - $ 300 $ 200 $ - $ - $ - $ - $ 140 $ 500 $ 1,140 3/1/ Cash Draw $ 1,000 $ 1,000 3/1/ East Texas Utility Comp. $ 100 $ 100 for March $ - $ - $ - $ - $ - $ - $ - $ 100 $ 1,000 $ 1,100 4/1/ All-states Co- Car $ 200 $ 200 4/1/ Cash Draw $ 1,000 $ 1,000

18 Personal ** Monthly totals should be added to the Labor SC costs to be allocated back to the Profit Centers. Gas & Oil (Personal) Groceries Household Medical Child Care Meals & Entertainment 4/5/ East Texas Utility Comp. for April $ - $ - $ - $ 200 $ - $ - $ - $ 1,000 $ 1,280 Utilities 5/1/ Cash Draw $ 1,000 $ 1,000 5/5/ East Texas Utility Comp. for May $ - $ - $ - $ - $ - $ - $ - $ 1,000 $ 1,080 6/1/ Cash Draw $ 1,000 $ 1,000 6/5/ East Texas Utility Comp. for June $ - $ - $ - $ - $ - $ - $ - $ 1,000 $ 1,080 7/1/ Cash Draw $ 1,000 $ 1,000 7/5/ East Texas Utility Comp. $ 100 $ 100 for July $ - $ - $ - $ - $ - $ - $ - $ 100 $ 1,000 $ 1,100 8/1/ Cash Draw $ 1,000 $ 1,000 8/5/ East Texas Utility Comp. $ 110 $ 110 for August $ - $ - $ - $ - $ - $ - $ - $ 110 $ 1,000 $ 1,110

19 Personal ** Monthly totals should be added to the Labor SC costs to be allocated back to the Profit Centers. Gas & Oil (Personal) Groceries Household Medical Child Care Meals & Entertainment 9/1/ Cash Draw $ 1,000 $ 1,000 9/5/ East Texas Utility Comp. $ 90 $ 90 for September $ - $ - $ - $ - $ - $ - $ - $ 90 $ 1,000 $ 1,090 Utilities 10/1/ Cash Draw $ 1,000 $ 1,000 10/5/ East Texas Utility Comp. $ 90 $ 90 for October $ - $ - $ - $ - $ - $ - $ - $ 90 $ 1,000 $ 1,090 11/1/ Cash Draw $ 1,000 $ 1,000 11/5/ East Texas Utility Comp. for November $ - $ - $ - $ - $ - $ - $ - $ 1,000 $ 1,080 12/1/ Cash Draw $ 1,000 $ 1,000 12/5/ East Texas Utility Comp. $ 90 $ 90 for December $ - $ - $ - $ - $ - $ - $ - $ 90 $ 1,000 $ 1,090 TOTAL FOR 2002 $ - $ 600 $ 400 $ 500 $ - $ - $ 50 $ 1,240 $ 10,600 $ 13,390

Enterprise Budgets. How is it constructed?

Enterprise Budgets. How is it constructed? Enterprise Budgets An enterprise budget is an estimate of projected income and expenses associated with the production of a commodity. Most agricultural operations are made up of a combination of several