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Use this space for the Title of the Document 10 Year Cash Flow Balance Sheet Income Statement Loan Amortization
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Table of Contents
Page Cover
1
Table of Contents
2
Sources and Uses of Cash
3
Annual Cash Flow
4 -1 1
Assets & Depreciation
12-41
Monthly Cash Flow
4 2- 4 7
Ten Year Analysis
4 8- 5 0
Instructions and Assumptions
5 1- 5 4
Table of Contents
Page Cover
1
Table of Contents
2
Sources and Uses of Cash
3
Annual Cash Flow
4 -1 1
Assets & Depreciation
12-41
Monthly Cash Flow
4 2- 4 7
Ten Year Analysis
4 8- 5 0
Instructions and Assumptions
5 1- 5 4
1 2 3 4
A Sources of Cash
B Sources and C Uses of Cash D
E
F
G
Information in Yellow represents the source value and can be c hanged by entering a new description, new dollar amount, number or percentage. Set the year the business will start to spend money money on fixed and operating expenses. expenses. The Start Up time is assumed to be the calendar year when there is no beginning inventory but wine will be produced for sale in the current and/or future years. years. Enter the year that Start Start Up will begin in the yellow box to the right.
5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
27 28 29 30 31 32 33
Description Stock Class A Stock Class B Stock Other Total Stock
#
133 0 0
Price $6,000 $0 $0
Total $798,000 $0 $0
Total
$798,000
Other Cash SourcesPersonal Investment Describe Describe Describe Total Other
$0 $0 $0 $0
Grants USDA-Value Added Ag Producer Grant State Grant Other Other Total Grants Loans - Start Date of Loans must be Jan. 1 after start up Annual Loan Period year. Interest Rate in Years W ells Fargo-Building 5.75% 20 Bank of Am. Equipment 8.00% 7 State of Iowa 8.00% 5 Total Loans If Interest Free Loan use annual interst rate of .000001% Total Sources of Cash
2007
$123,000 $100,000 $0 $0 $223,000 Payments per Year must be 12 12 12 12
Start Date of Loan must be Jan. Jan. 1, Year Year 2 Jan 1, Year 2 Jan 1, Year 2 Jan 1, Year 2 1/1/2008 1/2/2008 1/3/2008
Loan Loan Amou Amount nt $530,000 $228,112 $457,428 $1,215,540 $2,236,540
Annual Cash Flow Projection A 1 2 3 4 5 6
Annual Income & Expense Revenue Wine Sales-Tasting Room Wine Sales-Retail Outlets Wine Sales-Wholesale Sales-Wholesale Gift Shop Net of Expenses oom oom enta enta et o xpense xpensess 8 Total Revenue 9 Cost of Goods Produced 10 Grapes 11 Packaging 12 Lab supplies 13 Owner labor 14 Full time labor 15 Part time labor 16 Total Cost of Goods Produced 17 Beginning of Year Inventory 18 Less Cost of Goods Sold 19 End of Year Inventory
B
C
D
E
F
G
H
I
J
K
200 7
2 00 8
200 9
201 0
2011
2 0 12
20 1 3
2 014
2015
20 16
$528,000 $ 15 15 0, 0,000 $0
$718,080 $136 ,0 ,000 $0
$869,440 $ 15 152,0 00 00 $0
$75,000 $0 $0
$960,960 $189,0 00 00 $0
$1,052,480 $ 20 207,0 00 00 $0
$985,600 $180 ,0 ,000 $0
$985,600 $180, 00 000 $0
$985,600 $1 80 80,00 0 $0
$ 7 5, 0 0 0
$20,000 , $ 7 2 3,0 0 0
$20,600 , $ 9 0 0 ,4 3 0
$ 21 ,2 1 8 , $ 1 , 0 6 9, 1 8 1
$21,855 , $ 1 , 1 2 4, 3 7 3
$ 22 ,5 1 0 , $ 1 , 2 0 0 ,6 0 8
$ 2 3 ,1 8 5 , $ 1 ,3 1 1 ,6 4 7
$23,881 , $ 1 , 2 1 9 ,3 3 2
$24,597 , 4 $ 1 ,2 2 0 , 9 4 4
$60,000 $93,750 $3,075 $ 62 7 $37,167 $2,370 $ 1 9 6 ,9 8 8 $0 $26,265 $170,723
$68,000 $109,438 $3,590 $6 27 $ 7 4 ,3 3 4 $3,983 $ 2 5 9 ,9 7 1 $170,723 $196,988 $233,706
$76,000 $125,982 $4,132 $6 27 $76,564 $4,103 $ 2 8 7 ,4 0 7 $233,706 $233,706 $287,407
$ 80 ,0 0 0 $136,591 $4 ,4 8 0 $6 2 7 $ 7 8 ,8 6 1 $ 4 ,2 26 $ 3 0 4, 7 8 4 $287,407 $287,407 $304,784
$84,000 $147,723 $4,845 $ 627 $81,227 $ 4, 3 5 2 $ 3 2 2, 7 7 4 $304,784 $304,784 $322,774
$ 92 ,0 0 0 $1 6 6 ,6 4 6 $5,466 $6 2 7 $ 8 3 ,6 64 $4,483 $ 3 5 2 ,8 8 5 $3 22 ,7 7 4 $ 3 2 2 ,7 7 4 $ 3 5 2 ,8 8 5
$ 8 0 ,0 0 0 $149,257 $ 4 ,8 9 6 $627 $ 8 6 ,1 7 4 $ 4 ,6 1 8 $ 3 2 5, 5 7 0 $352,885 $352,885 $325,570
$80,000 $153,734 $5,042 $6 27 $88,759 $4,756 $ 3 3 2 ,9 1 8 $325,570 $325,570 $332,918
$80,000 $ 1 5 8 ,3 4 6 $5,194 $62 7 $ 9 1 ,4 2 2 $4,899 $ 3 4 0 ,4 8 7 $ 3 3 2 ,9 1 8 $ 3 3 2 ,9 1 8 $ 3 4 0 ,4 8 7
20 Bottles of Wine Inventory 21 Beginning Inventory 22 Production
0 75,000
65,000 85,000
75,000 9 5 ,0 0 0
8 5 ,0 00 1 0 0 ,00 0
9 0, 0 0 0 105,000
95,000 1 1 5 ,00 0
1 05 ,0 0 0 1 0 0 ,0 0 0
90,000 100,000
90,000 100,000
90,000 100,000
23 Less Bottles Consumed
10,000
75,000
85,000
9 5 ,0 0 0
100,000
1 0 5 ,0 0 0
1 1 5 ,0 0 0
100,000
100,000
100,000
24 Ending Bottles of Wine Inventory 25 Inventory 26 27 Total Cost of Goods Sold 28 Gross Profit
$0
$915,200 $1 60 60,00 0 $0
$25,335 , $ 1 , 2 2 2 ,6 0 5 $80,000 $163,097 $5,350 $ 62 7 $94,164 $5,046 $ 3 4 8,2 8 3 $340,487 ($340,487) $348,283
6 5,0 0 0
7 5, 0 0 0
8 5 ,0 0 0
9 0 ,0 0 0
9 5, 0 0 0
1 0 5 ,0 0 0
9 0 ,0 0 0
9 0 ,0 0 0
9 0 ,0 0 0
9 0 ,0 0 0
$2.627
$2.749
$3.025
$3.048
$ 3. 0 7 4
$ 3. 0 6 9
$3.256
$3.329
$ 3. 4 0 5
$ 3.4 8 3
$ 2 6, 2 6 5 $ 4 8, 7 3 5
$ 1 9 6,9 8 8 $ 5 2 6,0 1 2
$ 2 3 3 ,7 0 6 $ 6 6 6 ,7 2 4
$ 2 8 7, 4 0 7 $ 7 8 1, 7 7 3
$ 3 0 4 ,7 8 4 $ 8 1 9 ,5 8 8
$ 3 2 2 ,7 7 4 $ 8 7 7 ,8 3 4
$ 3 5 2, 8 8 5 $ 9 5 8, 7 6 2
$ 3 2 5,5 7 0 $ 8 9 3,7 6 2
$ 3 3 2 ,9 1 8 $ 8 8 8 ,0 2 6
$ 3 4 0,4 8 7 $ 8 8 2,1 1 8
Information In Yellow can be changed by entering a new name, number or dollar amount or percentage. Copyright © Iowa State University Extension 2005
11/5/2012
Annual Cash Flow Projection A 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 47 48 49 50 51 52 53 54
Operating Expense Owner Labor Full time labor Part time labor Marketing Office Supplies Utilities Phone Fuel for vehicle Taxes & Dues Legal Fees Outside Accounting Miscellaneous Total Operating Expense Fixed Costs nsurance roper roper y ax ax Repairs & Maintenance Interest Expense Wells Fargo-Building Bank of Am. Equipment State of Iowa Total Interest Expense Depreciation Total Fixed Costs Total Operational and Fixed
B
C
D
E
F
G
H
I
J
K
2 0 07 $6 2 7 $37,167 $ 1 3,4 2 8 $ 5 0,0 0 0 $1,500 $3,500 $2,500 $2,000 $7 75 $ 3 0,0 0 0 $2,500 $5,000 $148,997
2 00 8 $6 27 $ 7 4 ,3 3 4 $ 2 2 ,5 7 1 $ 3 6 ,1 5 0 $ 1 ,5 0 0 $ 7 ,0 0 0 $ 5 ,0 0 0 $ 4 ,0 0 0 $17,700 $5,000 $ 2 ,5 0 0 $10,000 $186,382
20 0 9 $ 62 7 $ 7 6 ,5 6 4 $ 2 3 ,2 4 8 $ 4 5 ,0 2 2 $ 1 ,5 4 5 $ 7 ,2 1 0 $ 5 ,1 5 0 $ 4 ,1 2 0 $ 1 8 ,2 3 1 $ 5 ,1 5 0 $ 2 ,5 7 5 $ 1 0 ,3 0 0 $ 1 9 9, 7 4 1
2 01 0 $6 27 $ 7 8 ,8 6 1 $23,946 $53,459 $ 1 ,5 9 1 $ 7 ,4 2 6 $ 5 ,3 0 5 $ 4 ,2 4 4 $ 1 8 ,7 7 8 $ 5 ,3 0 5 $ 2 ,6 5 2 $ 1 0 ,6 0 9 $212,802
2 01 1 $ 6 27 $ 8 1 ,2 2 7 $24,664 $56,219 $ 1 ,6 3 9 $ 7 ,6 4 9 $ 5 ,4 6 4 $ 4 ,3 7 1 $ 1 9 ,3 4 1 $ 5 ,4 6 4 $ 2 ,7 3 2 $ 1 0 ,9 2 7 $220,323
20 1 2 $ 6 27 $ 8 3,6 6 4 $ 2 5,4 0 4 $ 6 0,0 3 0 $1,688 $7,879 $5,628 $4,502 $ 1 9,9 2 2 $ 5,6 2 8 $2,814 $ 1 1,2 5 5 $229,039
20 1 3 $ 62 7 $ 8 6 ,1 7 4 $ 2 6 ,1 6 6 $ 6 5 ,5 8 2 $ 1 ,7 3 9 $ 8 ,1 1 5 $ 5 ,7 9 6 $ 4 ,6 3 7 $ 2 0 ,5 1 9 $5,796 $ 2 ,8 9 8 $ 1 1 ,5 9 3 $239,642
2 0 14 $6 2 7 $88,759 $ 2 6,9 5 1 $ 6 0,9 6 7 $1,791 $8,358 $5,970 $4,776 $21,135 $ 5,9 7 0 $2,985 $ 1 1,9 4 1 $240,230
20 1 5 $ 62 7 $ 9 1 ,4 2 2 $ 2 7 ,7 5 9 $ 6 1 ,0 4 7 $ 1 ,8 4 5 $ 8 ,6 0 9 $ 6 ,1 4 9 $ 4 ,9 1 9 $ 2 1 ,7 6 9 $6,149 $ 3 ,0 7 5 $ 1 2 ,2 9 9 $245,669
2 01 6 $6 27 $ 9 4,1 6 4 $ 2 8,5 9 2 $ 6 1,1 3 0 $1,900 $8,867 $6,334 $5,067 $22,422 $6,334 $3,167 $12,668 $251,272
, $0
, , $ 1 4 ,2 1 6
, , $ 1 3 ,2 7 1
, , $ 1 2 ,3 2 5
, , $ 1 1 ,3 8 7
, , $ 1 0,4 5 0
, , $9,598
, , $8,747
, , $ 8 ,4 8 2
, , $8,217
$0 $0 $0 $0 $94,583 $98,583
$ 3 0 ,0 9 5 $ 1 7 ,3 3 4 $ 3 3 ,7 9 3 $ 8 1 ,2 2 2 $ 9 4 ,5 8 3 $223,021
$ 2 9 ,2 3 6 $ 1 5 ,2 3 1 $ 2 7 ,3 6 0 $ 7 1 ,8 2 7 $94,583 $ 2 1 3, 6 7 1
$ 2 8 ,3 2 6 $ 1 2 ,9 5 4 $ 2 0 ,3 9 3 $ 6 1 ,6 7 3 $93,750 $202,757
$ 2 7 ,3 6 2 $ 1 0 ,4 8 8 $ 1 2 ,8 4 8 $ 5 0 ,6 9 8 $ 9 3 ,7 5 0 $191,895
$26,341 $7,817 $ 4,6 7 7 $ 3 8,8 3 5 $85,150 $171,576
$ 2 5 ,2 6 0 $ 4 ,9 2 5 $0 $ 3 0 ,1 8 5 $ 8 5 ,1 5 0 $163,189
$24,115 $1,793 $0 $ 2 5,9 0 8 $26,507 $100,565
$ 2 2 ,9 0 2 $0 $0 $ 2 2 ,9 0 2 $ 2 6 ,5 0 0 $98,470
$ 2 1,6 1 8 $0 $0 $ 2 1,6 1 8 $26,500 $98,138
11:43 PM
4
Annual Cash Flow Projection A 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 47 48 49 50 51 52 53 54 55 56 57 58 59 60
Operating Expense Owner Labor Full time labor Part time labor Marketing Office Supplies Utilities Phone Fuel for vehicle Taxes & Dues Legal Fees Outside Accounting Miscellaneous Total Operating Expense Fixed Costs nsurance roper roper y ax ax Repairs & Maintenance Interest Expense Wells Fargo-Building Bank of Am. Equipment State of Iowa Total Interest Expense Depreciation Total Fixed Costs Total Operational and Fixed Expenses Taxable Income Loss Carry Forward Income before Dividend Dividend or Tax if prior year cash balance is greater than Zero. Net Income after Dividend
B
C
D
E
F
G
H
I
J
K
2 0 07 $6 2 7 $37,167 $ 1 3,4 2 8 $ 5 0,0 0 0 $1,500 $3,500 $2,500 $2,000 $7 75 $ 3 0,0 0 0 $2,500 $5,000 $148,997
2 00 8 $6 27 $ 7 4 ,3 3 4 $ 2 2 ,5 7 1 $ 3 6 ,1 5 0 $ 1 ,5 0 0 $ 7 ,0 0 0 $ 5 ,0 0 0 $ 4 ,0 0 0 $17,700 $5,000 $ 2 ,5 0 0 $10,000 $186,382
20 0 9 $ 62 7 $ 7 6 ,5 6 4 $ 2 3 ,2 4 8 $ 4 5 ,0 2 2 $ 1 ,5 4 5 $ 7 ,2 1 0 $ 5 ,1 5 0 $ 4 ,1 2 0 $ 1 8 ,2 3 1 $ 5 ,1 5 0 $ 2 ,5 7 5 $ 1 0 ,3 0 0 $ 1 9 9, 7 4 1
2 01 0 $6 27 $ 7 8 ,8 6 1 $23,946 $53,459 $ 1 ,5 9 1 $ 7 ,4 2 6 $ 5 ,3 0 5 $ 4 ,2 4 4 $ 1 8 ,7 7 8 $ 5 ,3 0 5 $ 2 ,6 5 2 $ 1 0 ,6 0 9 $212,802
2 01 1 $ 6 27 $ 8 1 ,2 2 7 $24,664 $56,219 $ 1 ,6 3 9 $ 7 ,6 4 9 $ 5 ,4 6 4 $ 4 ,3 7 1 $ 1 9 ,3 4 1 $ 5 ,4 6 4 $ 2 ,7 3 2 $ 1 0 ,9 2 7 $220,323
20 1 2 $ 6 27 $ 8 3,6 6 4 $ 2 5,4 0 4 $ 6 0,0 3 0 $1,688 $7,879 $5,628 $4,502 $ 1 9,9 2 2 $ 5,6 2 8 $2,814 $ 1 1,2 5 5 $229,039
20 1 3 $ 62 7 $ 8 6 ,1 7 4 $ 2 6 ,1 6 6 $ 6 5 ,5 8 2 $ 1 ,7 3 9 $ 8 ,1 1 5 $ 5 ,7 9 6 $ 4 ,6 3 7 $ 2 0 ,5 1 9 $5,796 $ 2 ,8 9 8 $ 1 1 ,5 9 3 $239,642
2 0 14 $6 2 7 $88,759 $ 2 6,9 5 1 $ 6 0,9 6 7 $1,791 $8,358 $5,970 $4,776 $21,135 $ 5,9 7 0 $2,985 $ 1 1,9 4 1 $240,230
20 1 5 $ 62 7 $ 9 1 ,4 2 2 $ 2 7 ,7 5 9 $ 6 1 ,0 4 7 $ 1 ,8 4 5 $ 8 ,6 0 9 $ 6 ,1 4 9 $ 4 ,9 1 9 $ 2 1 ,7 6 9 $6,149 $ 3 ,0 7 5 $ 1 2 ,2 9 9 $245,669
2 01 6 $6 27 $ 9 4,1 6 4 $ 2 8,5 9 2 $ 6 1,1 3 0 $1,900 $8,867 $6,334 $5,067 $22,422 $6,334 $3,167 $12,668 $251,272
, $0
, , $ 1 4 ,2 1 6
, , $ 1 3 ,2 7 1
, , $ 1 2 ,3 2 5
, , $ 1 1 ,3 8 7
, , $ 1 0,4 5 0
, , $9,598
, , $8,747
, , $ 8 ,4 8 2
, , $8,217
$0 $0 $0 $0 $94,583 $98,583
$ 3 0 ,0 9 5 $ 1 7 ,3 3 4 $ 3 3 ,7 9 3 $ 8 1 ,2 2 2 $ 9 4 ,5 8 3 $223,021
$ 2 9 ,2 3 6 $ 1 5 ,2 3 1 $ 2 7 ,3 6 0 $ 7 1 ,8 2 7 $94,583 $ 2 1 3, 6 7 1
$ 2 8 ,3 2 6 $ 1 2 ,9 5 4 $ 2 0 ,3 9 3 $ 6 1 ,6 7 3 $93,750 $202,757
$ 2 7 ,3 6 2 $ 1 0 ,4 8 8 $ 1 2 ,8 4 8 $ 5 0 ,6 9 8 $ 9 3 ,7 5 0 $191,895
$26,341 $7,817 $ 4,6 7 7 $ 3 8,8 3 5 $85,150 $171,576
$ 2 5 ,2 6 0 $ 4 ,9 2 5 $0 $ 3 0 ,1 8 5 $ 8 5 ,1 5 0 $163,189
$24,115 $1,793 $0 $ 2 5,9 0 8 $26,507 $100,565
$ 2 2 ,9 0 2 $0 $0 $ 2 2 ,9 0 2 $ 2 6 ,5 0 0 $98,470
$ 2 1,6 1 8 $0 $0 $ 2 1,6 1 8 $26,500 $98,138
$247,580 ($198,845) $0 ($198,845)
$409,403 $ 1 1 6 ,6 0 9 ($198,845) ($82,236)
$ 4 1 3, 4 1 2 $253,312 ($82,236) $ 1 7 1, 0 7 6
$415,559 $ 3 6 6 ,2 1 4 $0 $ 3 6 6 ,2 1 4
$412,218 $ 4 0 7 ,3 7 0 $0 $ 4 0 7 ,3 7 0
$400,615 $ 4 7 7 ,2 1 8 $0 $ 4 7 7 ,2 1 8
$402,831 $555,931 $0 $555,931
$340,795 $552,968 $0 $ 5 5 2 ,9 6 8
$344,139 $ 5 4 3 ,8 8 7 $0 $ 5 4 3 ,8 8 7
$349,410 $ 5 3 2,7 0 7 $0 $532,707
$0 ($198,845)
$0 ($82,236)
$0 $ 1 7 1, 0 7 6
$59,877 $ 3 0 6 ,3 3 7
$ 1 2 8 ,1 7 5 $ 2 7 9 ,1 9 6
$ 1 4 2 ,5 8 0 $ 3 3 4 ,6 3 9
$ 1 6 7 ,0 2 6 $388,905
$ 1 9 4 ,5 7 6 $ 3 5 8 ,3 9 2
$193,539 $ 3 5 0 ,3 4 8
$ 1 9 0,3 6 0 $342,347
Information In Yellow can be changed by entering a new name, number or dollar amount or percentage. Copyright © Iowa State University Extension 2005
11/5/2012
Annual Cash Flow Projection A 61 Cash Flow Calculation 62 63 64 65 66 67 68 69 70 71 72 73 74
Cash At Beginning of Year Total Revenue Less Cost of Goods Produced Less Operating Expense Less Fixed Costs Less Dividend or Tax Less New Asset Purchases Plus Depreciation Less Principal Payments on Loans Wells Fargo-Building Bank of Am. Equipment State of Iowa Total Principal Payments on Loans
75 Cash Balance at end of Year 76 Balance Sheet Assets 78 Cash 79 Wine Inventory@Cost 80 Building & Equipment 81 Less Depreciation 82 Land Value 83 Land Appreciation 84 Total Assets 85 Liabilities & Equity
B 2007
C 2008
$2,236,540 $75,000 ($196,988) ($148,997) ($98,583) $0 $1,616,223 $94,583
D 2009
E 2010
F 2011
G 2012
$345,332 $723,000 ($259,971) ($186,382) ($223,021) $0 $0 $94,583
$376,146 $900,430 ($287,407) ($199,741) ($213,671) $0 $0 $94,583
$543,549 $1,069,181 ($304,784) ($212,802) ($202,757) ($59,877) $0 $93,750
$789,315 $1,124,373 ($322,774) ($220,323) ($191,895) ($128,175) $0 $93,750
$996,352 $1,200,608 ($352,885) ($229,039) ($171,576) ($142,580) $0 $85,150
$0 $0 $0 $0
$14,557 $25,331 $77,507 $117,395
$15,417 $27,434 $83,940 $126,790
$16,327 $29,711 $90,907 $136,944
$17,291 $32,177 $98,452 $147,919
$18,312 $34,847 $106,623 $159,782
$345,332
$376,146
$543,549
$789,315
$996,352
$1,226,247
2007
2008
2009
$345,332
$376,146
$543,549
$170,723 $1,516,223 ($94,583) $100,000 $0 $2,037,695
$233,706 $1,516,223 ($189,166) $100,000 $0 $2,036,909
2010 $789,315
$287,407 $304,784 $1,516,223 $1,516,223 ($283,749) ($377,499) $100,000 $100,000 $0 $0 $2,163,431 $2,332,824
2011
2012
H 2013
I 2014
J 2015
K 2016
$1,226,247 $1,311,647 ($325,570) ($239,642) ($163,189) ($167,026) $0 $85,150
$1,670,484 $1,219,332 ($332,918) ($240,230) ($100,565) ($194,576) $0 $26,507
$1,986,625 $1,220,944 ($340,487) ($245,669) ($98,470) ($193,539) $0 $26,500
$2,334,155 $1,222,605 ($348,283) ($251,272) ($98,138) ($190,360) $0 $26,500
$19,393 $37,740 0 $57,132
$20,538 $40,872 0 $61,410
$21,750 0 0 $21,750
$23,034 0 0 $23,034
$1,670,484
2013
$1,986,625
2014
$2,334,155
2015
$2,672,171
2016
$996,352
$1,226,247
$1,670,484
$1,986,625
$2,334,155
$2,672,171
$322,774 $1,516,223 ($471,249) $100,000 $0 $2,464,100
$352,885 $1,516,223 ($556,399) $100,000 $0 $2,638,956
$325,570 $1,516,223 ($641,549) $100,000 $0 $2,970,728
$332,918 $1,516,223 ($668,056) $100,000 $0 $3,267,711
$340,487 $1,516,223 ($694,556) $100,000 $0 $3,596,309
$348,283 $1,516,223 ($721,056) $100,000 $0 $3,915,621
11:43 PM
5
Annual Cash Flow Projection A 61 Cash Flow Calculation 62 63 64 65 66 67 68 69 70 71 72 73 74
Cash At Beginning of Year Total Revenue Less Cost of Goods Produced Less Operating Expense Less Fixed Costs Less Dividend or Tax Less New Asset Purchases Plus Depreciation Less Principal Payments on Loans Wells Fargo-Building Bank of Am. Equipment State of Iowa Total Principal Payments on Loans
75 Cash Balance at end of Year 76 Balance Sheet Assets 78 Cash 79 Wine Inventory@Cost 80 Building & Equipment 81 Less Depreciation 82 Land Value 83 Land Appreciation 84 Total Assets 85 Liabilities & Equity 86 Term Debt 87 Stockholders Equity 88 Total Liabilities & Equity 89 Term Loan Balance 90 Wells Fargo-Building 91 Bank of Am. Equipment 92 State of Iowa 93 Year End Loan Balance
B 2007
C 2008
$2,236,540 $75,000 ($196,988) ($148,997) ($98,583) $0 $1,616,223 $94,583
D 2009
E 2010
F 2011
G 2012
$345,332 $723,000 ($259,971) ($186,382) ($223,021) $0 $0 $94,583
$376,146 $900,430 ($287,407) ($199,741) ($213,671) $0 $0 $94,583
$543,549 $1,069,181 ($304,784) ($212,802) ($202,757) ($59,877) $0 $93,750
$789,315 $1,124,373 ($322,774) ($220,323) ($191,895) ($128,175) $0 $93,750
$996,352 $1,200,608 ($352,885) ($229,039) ($171,576) ($142,580) $0 $85,150
$0 $0 $0 $0
$14,557 $25,331 $77,507 $117,395
$15,417 $27,434 $83,940 $126,790
$16,327 $29,711 $90,907 $136,944
$17,291 $32,177 $98,452 $147,919
$18,312 $34,847 $106,623 $159,782
$345,332
$376,146
$543,549
$789,315
$996,352
$1,226,247
2007
2010
2012
I 2014
J 2015
K 2016
$1,226,247 $1,311,647 ($325,570) ($239,642) ($163,189) ($167,026) $0 $85,150
$1,670,484 $1,219,332 ($332,918) ($240,230) ($100,565) ($194,576) $0 $26,507
$1,986,625 $1,220,944 ($340,487) ($245,669) ($98,470) ($193,539) $0 $26,500
$2,334,155 $1,222,605 ($348,283) ($251,272) ($98,138) ($190,360) $0 $26,500
$19,393 $37,740 0 $57,132
$20,538 $40,872 0 $61,410
$21,750 0 0 $21,750
$23,034 0 0 $23,034
$1,670,484
2013
$1,986,625
2014
$2,334,155
2015
$2,672,171
2008
2009
$345,332
$376,146
$543,549
$996,352
$1,226,247
$1,670,484
$1,986,625
$2,334,155
$2,672,171
$170,723 $1,516,223 ($94,583) $100,000 $0 $2,037,695
$233,706 $1,516,223 ($189,166) $100,000 $0 $2,036,909
$287,407 $304,784 $1,516,223 $1,516,223 ($283,749) ($377,499) $100,000 $100,000 $0 $0 $2,163,431 $2,332,824
$322,774 $1,516,223 ($471,249) $100,000 $0 $2,464,100
$352,885 $1,516,223 ($556,399) $100,000 $0 $2,638,956
$325,570 $1,516,223 ($641,549) $100,000 $0 $2,970,728
$332,918 $1,516,223 ($668,056) $100,000 $0 $3,267,711
$340,487 $1,516,223 ($694,556) $100,000 $0 $3,596,309
$348,283 $1,516,223 ($721,056) $100,000 $0 $3,915,621
$1,215,540 $822,155 $2,037,695
$1,098,145 $938,764 $2,036,909
$971,355 $1,192,076 $2,163,431
$834,411 $1,498,413 $2,332,824
$686,491 $1,777,609 $2,464,100
$526,709 $2,112,248 $2,638,956
$469,576 $2,501,152 $2,970,728
$408,167 $2,859,544 $3,267,711
$386,416 $3,209,892 $3,596,309
$363,382 $3,552,239 $3,915,621
$530,000 $228,112 $457,428
$515,443 $202,781 $379,921
$500,026 $175,347 $295,982
$483,699 $145,636 $205,075
$466,409 $113,459 $106,623
$448,097 $78,612 $0
$428,704 $40,872 $0
$408,167 $0 $0
$386,416 $0 $0
$363,382 $0 $0
$1,215,540
$1,098,145
$971,355
$834,411
$686,491
$526,709
$469,576
$408,167
$386,416
$363,382
$789,315
2011
H 2013
Information In Yellow can be changed by entering a new name, number or dollar amount or percentage. Copyright © Iowa State University Extension 2005
2016
11/5/2012
Annual Cash Flow Projection A Average Income & Expense Per 94 Bottle Average Income Per Bottle 95 Consumed Average Cost Per Unit of 96 Production 97 Grapes 98 Packaging 99 Lab supplies 100 Owner labor 101 Full time labor 102 Part time labor 103 Total Cost of Goods Produced 104 105 106 107 108 109 110 111 112 113 114 115 116 117
Operating Expense Owner Labor Full time labor Part time labor Marketing Office Supplies Utilities Phone Fuel for vehicle Taxes & Dues Legal Fees Outside Accounting Miscellaneous Total Operating Expense
B
C
D
E
F
G
H
I
J
K
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
$7.50
$9.04
$10.05
$10.75
$10.75
$10.95
$10.95
$11.66
$11.66
$11.66
$0.800 $1.250 $0.041 $0.008 $0.496 $0.032 $2.627
$0.800 $1.288 $0.042 $0.007 $0.875 $0.047 $3.058
$0.800 $1.326 $0.043 $0.007 $0.806 $0.043 $3.025
$0.800 $1.366 $0.045 $0.006 $0.789 $0.042 $3.048
$0.800 $1.407 $0.046 $0.006 $0.774 $0.041 $3.074
$0.800 $1.449 $0.048 $0.005 $0.728 $0.039 $3.069
$0.800 $1.493 $0.049 $0.006 $0.862 $0.046 $3.256
$0.800 $1.537 $0.050 $0.006 $0.888 $0.048 $3.329
$0.800 $1.583 $0.052 $0.006 $0.914 $0.049 $3.405
$0.800 $1.631 $0.053 $0.006 $0.942 $0.050 $3.483
$0.008 $0.496 $0.179 $0.667 $0.020 $0.047 $0.033 $0.027 $0.010 $0.400 $0.033 $0.067 $1.987
$0.007 $0.875 $0.266 $0.425 $0.018 $0.082 $0.059 $0.047 $0.208 $0.059 $0.029 $0.118 $2.193
$0.007 $0.806 $0.245 $0.474 $0.016 $0.076 $0.054 $0.043 $0.192 $0.054 $0.027 $0.108 $2.103
$0.006 $0.789 $0.239 $0.535 $0.016 $0.074 $0.053 $0.042 $0.188 $0.053 $0.027 $0.106 $2.128
$0.006 $0.774 $0.235 $0.535 $0.016 $0.073 $0.052 $0.042 $0.184 $0.052 $0.026 $0.104 $2.098
$0.005 $0.728 $0.221 $0.522 $0.015 $0.069 $0.049 $0.039 $0.173 $0.049 $0.024 $0.098 $1.992
$0.006 $0.862 $0.262 $0.656 $0.017 $0.081 $0.058 $0.046 $0.205 $0.058 $0.029 $0.116 $2.396
$0.006 $0.888 $0.270 $0.610 $0.018 $0.084 $0.060 $0.048 $0.211 $0.060 $0.030 $0.119 $2.402
$0.006 $0.914 $0.278 $0.610 $0.018 $0.086 $0.061 $0.049 $0.218 $0.061 $0.031 $0.123 $2.457
$0.006 $0.942 $0.286 $0.611 $0.019 $0.089 $0.063 $0.051 $0.224 $0.063 $0.032 $0.127 $2.513
11:43 PM
6
Annual Cash Flow Projection A Average Income & Expense Per 94 Bottle Average Income Per Bottle 95 Consumed Average Cost Per Unit of 96 Production 97 Grapes 98 Packaging 99 Lab supplies 100 Owner labor 101 Full time labor 102 Part time labor 103 Total Cost of Goods Produced 104 105 106 107 108 109 110 111 112 113 114 115 116 117
Operating Expense Owner Labor Full time labor Part time labor Marketing Office Supplies Utilities Phone Fuel for vehicle Taxes & Dues Legal Fees Outside Accounting Miscellaneous Total Operating Expense
B
C
D
E
F
G
H
I
J
K
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
$7.50
$9.04
$10.05
$10.75
$10.75
$10.95
$10.95
$11.66
$11.66
$11.66
$0.800 $1.250 $0.041 $0.008 $0.496 $0.032 $2.627
$0.800 $1.288 $0.042 $0.007 $0.875 $0.047 $3.058
$0.800 $1.326 $0.043 $0.007 $0.806 $0.043 $3.025
$0.800 $1.366 $0.045 $0.006 $0.789 $0.042 $3.048
$0.800 $1.407 $0.046 $0.006 $0.774 $0.041 $3.074
$0.800 $1.449 $0.048 $0.005 $0.728 $0.039 $3.069
$0.800 $1.493 $0.049 $0.006 $0.862 $0.046 $3.256
$0.800 $1.537 $0.050 $0.006 $0.888 $0.048 $3.329
$0.800 $1.583 $0.052 $0.006 $0.914 $0.049 $3.405
$0.800 $1.631 $0.053 $0.006 $0.942 $0.050 $3.483
$0.008 $0.496 $0.179 $0.667 $0.020 $0.047 $0.033 $0.027 $0.010 $0.400 $0.033 $0.067 $1.987
$0.007 $0.875 $0.266 $0.425 $0.018 $0.082 $0.059 $0.047 $0.208 $0.059 $0.029 $0.118 $2.193
$0.007 $0.806 $0.245 $0.474 $0.016 $0.076 $0.054 $0.043 $0.192 $0.054 $0.027 $0.108 $2.103
$0.006 $0.789 $0.239 $0.535 $0.016 $0.074 $0.053 $0.042 $0.188 $0.053 $0.027 $0.106 $2.128
$0.006 $0.774 $0.235 $0.535 $0.016 $0.073 $0.052 $0.042 $0.184 $0.052 $0.026 $0.104 $2.098
$0.005 $0.728 $0.221 $0.522 $0.015 $0.069 $0.049 $0.039 $0.173 $0.049 $0.024 $0.098 $1.992
$0.006 $0.862 $0.262 $0.656 $0.017 $0.081 $0.058 $0.046 $0.205 $0.058 $0.029 $0.116 $2.396
$0.006 $0.888 $0.270 $0.610 $0.018 $0.084 $0.060 $0.048 $0.211 $0.060 $0.030 $0.119 $2.402
$0.006 $0.914 $0.278 $0.610 $0.018 $0.086 $0.061 $0.049 $0.218 $0.061 $0.031 $0.123 $2.457
$0.006 $0.942 $0.286 $0.611 $0.019 $0.089 $0.063 $0.051 $0.224 $0.063 $0.032 $0.127 $2.513
Information In Yellow can be changed by entering a new name, number or dollar amount or percentage. Copyright © Iowa State University Extension 2005
11/5/2012
Annual Cash Flow Projection A 118 119 120 121 122 123 124 125
Fixed Costs Insurance Property Tax Repairs & Maintenance Total Interest Expense Depreciation Total Fixed Costs
Dividend and Principal Payments Dividend or Tax if prior year cash 126 balance is greater than Zero. 127 Total Principal Payments on Loans
128
129 130 131
132
Total Average Cost Per Unit of Production or Break Even from Wine Sales Contribution to Average Cost or Break Even from Gift Shop Contribution to Average Cost or Break Even from Room Rental ota verage ost er n t o Production or Break Even from Wine Sales including all Income Sources
Estimated Profit or Loss from All Sources per bottle of Wine 133 Produced
B 2007 $0.053 $0.000 $0.000 $0.000 $1.261 $1.314
C 2008 $0.094 $0.294 $0.167 $0.956 $1.113 $2.624
D 2009 $0.087 $0.271 $0.140 $0.756 $0.996 $2.249
E 2010 $0.085 $0.265 $0.123 $0.617 $0.938 $2.028
F 2011 $0.083 $0.260 $0.108 $0.483 $0.893 $1.828
G 2012 $0.078 $0.245 $0.091 $0.338 $0.740 $1.492
H 2013 $0.093 $0.290 $0.096 $0.302 $0.852 $1.632
I 2014 $0.096 $0.299 $0.087 $0.259 $0.265 $1.006
J 2015 $0.098 $0.307 $0.085 $0.229 $0.265 $0.985
K 2016 $0.101 $0.317 $0.082 $0.216 $0.265 $0.981
$0.000 $0.000 $0.000
$0.000 $1.381 $1.381
$0.000 $1.335 $1.335
$0.599 $1.369 $1.968
$1.221 $1.409 $2.629
$1.240 $1.389 $2.629
$1.670 $0.571 $2.242
$1.946 $0.614 $2.560
$1.935 $0.218 $2.153
$1.904 $0.230 $2.134
$5.928
$9.256
$8.712
$9.172
$9.629
$9.181
$9.526
$9.297
$8.999
$9.111
$0.000
$0.235
$0.217
$0.212
$0.208
$0.196
$0.232
$0.239
$0.246
$0.253
$0.000
$0.294
$0.271
$0.265
$0.260
$0.245
$0.290
$0.299
$0.307
$0.317
$5.928
$8.727
$8.224
$8.694
$9.161
$8.741
$9.004
$8.760
$8.446
$8.541
$1.572
$0.313
$1.824
$2.058
$1.591
$2.211
$1.948
$2.896
$3.210
$3.115
11:43 PM
7
Annual Cash Flow Projection A 118 119 120 121 122 123 124 125
Fixed Costs Insurance Property Tax Repairs & Maintenance Total Interest Expense Depreciation Total Fixed Costs
Dividend and Principal Payments Dividend or Tax if prior year cash 126 balance is greater than Zero. 127 Total Principal Payments on Loans
128
129 130 131
132
Total Average Cost Per Unit of Production or Break Even from Wine Sales Contribution to Average Cost or Break Even from Gift Shop Contribution to Average Cost or Break Even from Room Rental ota verage ost er n t o Production or Break Even from Wine Sales including all Income Sources
Estimated Profit or Loss from All Sources per bottle of Wine 133 Produced
B 2007 $0.053 $0.000 $0.000 $0.000 $1.261 $1.314
C 2008 $0.094 $0.294 $0.167 $0.956 $1.113 $2.624
D 2009 $0.087 $0.271 $0.140 $0.756 $0.996 $2.249
E 2010 $0.085 $0.265 $0.123 $0.617 $0.938 $2.028
F 2011 $0.083 $0.260 $0.108 $0.483 $0.893 $1.828
G 2012 $0.078 $0.245 $0.091 $0.338 $0.740 $1.492
H 2013 $0.093 $0.290 $0.096 $0.302 $0.852 $1.632
I 2014 $0.096 $0.299 $0.087 $0.259 $0.265 $1.006
J 2015 $0.098 $0.307 $0.085 $0.229 $0.265 $0.985
K 2016 $0.101 $0.317 $0.082 $0.216 $0.265 $0.981
$0.000 $0.000 $0.000
$0.000 $1.381 $1.381
$0.000 $1.335 $1.335
$0.599 $1.369 $1.968
$1.221 $1.409 $2.629
$1.240 $1.389 $2.629
$1.670 $0.571 $2.242
$1.946 $0.614 $2.560
$1.935 $0.218 $2.153
$1.904 $0.230 $2.134
$5.928
$9.256
$8.712
$9.172
$9.629
$9.181
$9.526
$9.297
$8.999
$9.111
$0.000
$0.235
$0.217
$0.212
$0.208
$0.196
$0.232
$0.239
$0.246
$0.253
$0.000
$0.294
$0.271
$0.265
$0.260
$0.245
$0.290
$0.299
$0.307
$0.317
$5.928
$8.727
$8.224
$8.694
$9.161
$8.741
$9.004
$8.760
$8.446
$8.541
$1.572
$0.313
$1.824
$2.058
$1.591
$2.211
$1.948
$2.896
$3.210
$3.115
Information In Yellow can be changed by entering a new name, number or dollar amount or percentage. Copyright © Iowa State University Extension 2005
11/5/2012
Annual Cash Flow Projection A 134 135 136 137 138 139 140 141 142 143
B
C
D
Annual Production, Income , Expense, and Dividend or Tax Calculations 2007 2008 2009 Wine Inventory Wine Bottle Beginning Inventory 0 65,000 75,000 ott es o ne ro uce n ear , , , ess ott es onsume 10,000 75,000 85,000 ne ott e n ng nventory 65,000 75,000 85,000
Revenue Wine Sales-Tasting Room Price Percentage of Production Consumed 144 in Tasting Room % of Bottles given away in Tasting 145 Room 146 147 Wine Sales-Retail Outlets Price Percentage of Production Consumed 148 through Retail Outlets o ott es g ven away at eta 149 Outlets 150 151 Wine Sales-Wholesale Price Percentage of Production Consumed 152 through Wholesale % of Bottles given away thought 153 Wholesale
$10.00
$10.00
$12.00
E
F
G
H
I
J
K
2010
2011
2012
2013
2014
2015
2016
85,000 , 95,000 90,000
$13.00
90,000 , 100,000 95,000
95,000 , 105,000 105,000
105,000 , 115,000 90,000
90,000 , 100,000 90,000
90,000 , 100,000 90,000
90,000 , 100,000 90,000
$13.00
$13.00
$13.00
$14.00
$14.00
$14.00
100%
80%
80%
80%
80%
80%
80%
80%
80%
80%
25%
12%
12%
12%
12%
12%
12%
12%
12%
12%
$7.00
$10.00
$8.00
$8.00
$8.00
$9.00
$9.00
$9.00
$9.00
$9.00
0%
20%
20%
20%
20%
20%
20%
20%
20%
20%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
$5.00
$10.00
$6.00
$6.00
$6.00
$7.00
$7.00
$7.00
$7.00
$7.00
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
11:43 PM
8
Annual Cash Flow Projection A 134 135 136 137 138 139 140 141 142 143
B
C
D
Annual Production, Income , Expense, and Dividend or Tax Calculations 2007 2008 2009 Wine Inventory Wine Bottle Beginning Inventory 0 65,000 75,000 ott es o ne ro uce n ear , , , ess ott es onsume 10,000 75,000 85,000 ne ott e n ng nventory 65,000 75,000 85,000
Revenue Wine Sales-Tasting Room Price Percentage of Production Consumed 144 in Tasting Room % of Bottles given away in Tasting 145 Room 146 147 Wine Sales-Retail Outlets Price Percentage of Production Consumed 148 through Retail Outlets o ott es g ven away at eta 149 Outlets 150 151 Wine Sales-Wholesale Price Percentage of Production Consumed 152 through Wholesale % of Bottles given away thought 153 Wholesale 154 Variable Costs: 155 Grape Purchase 156 Bottles of Wine Produced 157 Grape Purchase Price/Ton 158 Gallons of Grape Juice/Ton 159 Bottles of Wine/Gallon 160 Average Cos t of Ju ice/Bottle 161 Grapes Cost/Year 162 Packaging 163 Cost/Bottle 164 Cost/Cork 165 Cost/Capsules ost a e 167 Packaging Cost/Bottle 168 Packaging Cost/Year
$10.00
$10.00
$12.00
E
F
G
H
I
J
K
2010
2011
2012
2013
2014
2015
2016
85,000 , 95,000 90,000
$13.00
90,000 , 100,000 95,000
95,000 , 105,000 105,000
105,000 , 115,000 90,000
90,000 , 100,000 90,000
90,000 , 100,000 90,000
90,000 , 100,000 90,000
$13.00
$13.00
$13.00
$14.00
$14.00
$14.00
100%
80%
80%
80%
80%
80%
80%
80%
80%
80%
25%
12%
12%
12%
12%
12%
12%
12%
12%
12%
$7.00
$10.00
$8.00
$8.00
$8.00
$9.00
$9.00
$9.00
$9.00
$9.00
0%
20%
20%
20%
20%
20%
20%
20%
20%
20%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
$5.00
$10.00
$6.00
$6.00
$6.00
$7.00
$7.00
$7.00
$7.00
$7.00
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
75,000 $600 150 5.0 $ 0.80 $60,000
85,000 $600 150 5.0 $0 .80 $68,000
95,000 $600 150 5.0 $0.8 0 $76,000
100,000 $600 150 5.0 $0. 80 $80,000
105,000 $600 150 5.0 $0. 80 $84,000
115,000 $600 150 5.0 $0.8 0 $92,000
100,000 $600 150 5.0 $ 0.8 0 $80,000
100,000 $600 150 5.0 $0. 80 $80,000
100,000 $600 150 5.0 $0 .80 $80,000
100,000 $600 150 5.0 $0.8 0 $80,000
$0.90 $0.30 $0.13 . $1.45 $166,646
$0.93 $0.31 $0.13 . $1.49 $149,257
$0.96 $0.32 $0.14 . $1.54 $153,734
$0.99 $0.33 $0.14 . $1.58 $158,346
$1.02 $0.34 $0.14 . $1.63 $163,097
$0.78 $0.26 $0.11 . $1.25 $93,750
$0.80 $0.27 $0.11 . $1.29 $109,438
$0.83 $0.28 $0.12 . $1.33 $125,982
$0.85 $0.28 $0.12 . $1.37 $136,591
$0.88 $0.29 $0.12 . $1.41 $147,723
Information In Yellow can be changed by entering a new name, number or dollar amount or percentage. Copyright © Iowa State University Extension 2005
11/5/2012
Annual Cash Flow Projection A 169 Owner Operator Labor 170 Owner 171 Overhead (See Line 189)
B 2007 $1,000 $253
C 2008 $1,000 $253
D 2009 $1,000 $253
E 2010 $1,000 $253
F 2011 $1,000 $253
G 2012 $1,000 $253
H 2013 $1,000 $253
I 2014 $1,000 $253
J 2015 $1,000 $253
K 2016 $1,000 $253
Owner Labor Percentage Allocation
172 to Cost of Goods Sold 173 174 175 176 177 178 179 180
Owner Labor Percentage Allocation to Operations Expense Total Owner/Operator Labor Full time labor Other General Manager Winemaker Cellar Rat Officer Manager
181 Overhead (See Line 189) u me a or ercentage 182 Allocation to Cost of Goods Sold Full Time Labor Percentage 183 Allocation to Operations Expense ota u t me a or
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50% $1,253
50% $1,253
50% $1,253
50% $1,253
50% $1,253
50% $1,253
50% $1,253
50% $1,253
50% $1,253
50% $1,253
$0 $24,000 $20,000 $9,650 $9,000
$0 $48,000 $40,000 $19,300 $18,000
$0 $49,440 $41,200 $19,879 $18,540
$0 $50,923 $42,436 $20,475 $19,096
$0 $52,451 $43,709 $21,090 $19,669
$0 $54,024 $45,020 $21,722 $20,259
$0 $55,645 $46,371 $22,374 $20,867
$0 $57,315 $47,762 $23,045 $21,493
$0 $59,034 $49,195 $23,737 $22,138
$0 $60,805 $50,671 $24,449 $22,802
$11,684
$23,368
$24,070
$24,792
$25,535
$26,301
$27,090
$27,903
$28,740
$29,602
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50% ,
50%
,
50%
,
50%
,
50%
,
50%
,
50%
,
50%
,
50%
,
50%
,
11:43 PM
9
Annual Cash Flow Projection A 169 Owner Operator Labor 170 Owner 171 Overhead (See Line 189)
B 2007 $1,000 $253
C 2008 $1,000 $253
D 2009 $1,000 $253
E 2010 $1,000 $253
F 2011 $1,000 $253
G 2012 $1,000 $253
H 2013 $1,000 $253
I 2014 $1,000 $253
J 2015 $1,000 $253
K 2016 $1,000 $253
Owner Labor Percentage Allocation
172 to Cost of Goods Sold 173 174 175 176 177 178 179 180
Owner Labor Percentage Allocation to Operations Expense Total Owner/Operator Labor Full time labor Other General Manager Winemaker Cellar Rat Officer Manager
181 Overhead (See Line 189) u me a or ercentage 182 Allocation to Cost of Goods Sold Full Time Labor Percentage 183 Allocation to Operations Expense ota u t me a or
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50% $1,253
50% $1,253
50% $1,253
50% $1,253
50% $1,253
50% $1,253
50% $1,253
50% $1,253
50% $1,253
50% $1,253
$0 $24,000 $20,000 $9,650 $9,000
$0 $48,000 $40,000 $19,300 $18,000
$0 $49,440 $41,200 $19,879 $18,540
$0 $50,923 $42,436 $20,475 $19,096
$0 $52,451 $43,709 $21,090 $19,669
$0 $54,024 $45,020 $21,722 $20,259
$0 $55,645 $46,371 $22,374 $20,867
$0 $57,315 $47,762 $23,045 $21,493
$0 $59,034 $49,195 $23,737 $22,138
$0 $60,805 $50,671 $24,449 $22,802
$11,684
$23,368
$24,070
$24,792
$25,535
$26,301
$27,090
$27,903
$28,740
$29,602
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50% ,
50%
50%
,
,
50%
50%
,
50%
,
,
50%
50%
,
,
50%
,
50%
,
Information In Yellow can be changed by entering a new name, number or dollar amount or percentage. Copyright © Iowa State University Extension 2005
11/5/2012
Annual Cash Flow Projection A Part Time labor Other Press Operators(2) Bottling Operators(2) are ouse ersona ustomer erv ce 191 Overhead (See Line 189) art me a or ercentage 192 Allocation to Cost of Goods Sold Percentage Allocation to Operations 193 Expense 185 186 187 188
194 Total Part Time Labor 195 Lab supplies 196 Lab Supplies/Bottle 197 Total Lab Supp lies/Year 198 Dividend or Income Tax % 199
B 2007
C 2008
D 2009
E 2010
F 2011
G 2012
H 2013
I 2014
J 2015
K 2016
$0 $2,880 $3,360 4,4 , $1,258
$0 $2,880 $3,360 ,4 , $2,114
$0 $2,966 $3,461 , , 4 $2,177
$0 $3,055 $3,565 , , $2,243
$0 $3,147 $3,672 , 4 , $2,310
$0 $3,241 $3,782 , , $2,379
$0 $3,339 $3,895 , , 4 $2,451
$0 $3,439 $4,012 ,4 , 4 $2,524
$0 $3,542 $4,132 , , $2,600
$0 $3,648 $4,256 , 4 , $2,678
15%
15%
15%
15%
15%
15%
15%
15%
15%
15%
85% $15,798
85% $26,554
85% $27,351
85% $28,171
85% $29,016
85% $29,887
85% $30,783
85% $31,707
85% $32,658
85% $33,638
$0.041 $3 ,075
$0.042 $ 3,5 90
$0.043 $4 ,132
$0.045 $4, 480
$0.046 $4,8 45
$0.048 $ 5,4 66
$0.049 $4 ,896
$0.050 $5 ,04 2
$0.052 $ 5,19 4
$0.053 $5,3 50
35%
35%
35%
35%
35%
35%
35%
35%
35%
35%
Overhead is that part of the hourly labor cost that is an additional expense to labor. Enter the percentage that the overhead expense 200 will add to the total Annual wage. 201 Employers Share of Social Security Tax 202 Employers Share of Medicare
203 Management's Share (If they are the Owner) of Social Security Tax 204 Managements Share (If they are the Owner) of Medicare Tax Workers Compensation Tax or Insurance to pay for injury to employees.
Full Time Labor 6.20% 1.45%
Owner Operator
12.40% 2.90%
Part Time Labor 6.20% 1.45%
11:43 PM
10
Annual Cash Flow Projection A Part Time labor Other Press Operators(2) Bottling Operators(2) are ouse ersona ustomer erv ce 191 Overhead (See Line 189) art me a or ercentage 192 Allocation to Cost of Goods Sold Percentage Allocation to Operations 193 Expense 185 186 187 188
194 195 196 197 198 199
B 2007
Total Part Time Labor Lab supplies Lab Supplies/Bottle Total Lab Supp lies/Year Dividend or Income Tax %
C 2008
D 2009
E 2010
F 2011
G 2012
H 2013
I 2014
J 2015
K 2016
$0 $2,880 $3,360 4,4 , $1,258
$0 $2,880 $3,360 ,4 , $2,114
$0 $2,966 $3,461 , , 4 $2,177
$0 $3,055 $3,565 , , $2,243
$0 $3,147 $3,672 , 4 , $2,310
$0 $3,241 $3,782 , , $2,379
$0 $3,339 $3,895 , , 4 $2,451
$0 $3,439 $4,012 ,4 , 4 $2,524
$0 $3,542 $4,132 , , $2,600
$0 $3,648 $4,256 , 4 , $2,678
15%
15%
15%
15%
15%
15%
15%
15%
15%
15%
85% $15,798
85% $26,554
85% $27,351
85% $28,171
85% $29,016
85% $29,887
85% $30,783
85% $31,707
85% $32,658
85% $33,638
$0.041 $3 ,075
$0.042 $ 3,5 90
$0.043 $4 ,132
$0.045 $4, 480
$0.046 $4,8 45
$0.048 $ 5,4 66
$0.049 $4 ,896
$0.050 $5 ,04 2
$0.052 $ 5,19 4
$0.053 $5,3 50
35%
35%
35%
35%
35%
35%
35%
35%
35%
35%
Overhead is that part of the hourly labor cost that is an additional expense to labor. Enter the percentage that the overhead expense 200 will add to the total Annual wage. 201 Employers Share of Social Security Tax 202 Employers Share of Medicare
Full Time Labor 6.20% 1.45%
206 Health Insurance (Estimated at 10% if true cost is unknown.)
Part Time Labor 6.20% 1.45%
12.40% 2.90%
203 Management's Share (If they are the Owner) of Social Security Tax 204 Managements Share (If they are the Owner) of Medicare Tax Workers Compensation Tax or Insurance to pay for injury to employees. 205 Estimated at 5% if true c ost is unknown.
Owner Operator
1.00%
1.00%
10.00%
10.00%
18.65%
25.30%
207 Other Employee Costs: 208 Total Percentage Cost
8.65%
Information In Yellow can be changed by entering a new name, number or dollar amount or percentage. Copyright © Iowa State University Extension 2005
11/5/2012
Asset List
A 1
Assets
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Receiving Equipment CMA Lugana 2RTL de-stemmer SK-16 Wine Press (3 tons) Reconditioned Fork Lift Nutriflo Hose- 3.0" Pallet jack Rotator attachment-dumps grapes out of bins onto conveyor Hopper CMA 100 Elipitical lobe pump Scale-Series 3200 Platform Scales
B
C
D
# Needed 1 1 1 100 1
E
F
2007
Year Assets Purchased Plus $/unit Shipping $8,400.00 $0.00 $21,300.00 $0.00 $20,000.00 $0.00 5.5 $0.00 $350.00 $30.00
Total Cost $8,400 $21,300 $20,000 $550 $380
Asset Life 7 7 7 7 7
1 1 1 1
$4,075.00 $7,500.00 6,855.00 $1,000.00
$0.00 $0.00 $0.00 $0.00
$4,075 $7,500 $6,855 $1,000 $0 $0 $0 $0 $0 $70,060
7 7 7 7
5
$3,850
$0.00
$19,250
7
Total Receiving Equipment
19 Fermentation/Storage Tanks 20 19.8HL 523 gallons-Variable capacity floating lid Tanks
11:43 PM
11
Asset List
A 1
Assets
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Receiving Equipment CMA Lugana 2RTL de-stemmer SK-16 Wine Press (3 tons) Reconditioned Fork Lift Nutriflo Hose- 3.0" Pallet jack Rotator attachment-dumps grapes out of bins onto conveyor Hopper CMA 100 Elipitical lobe pump Scale-Series 3200 Platform Scales
B
C
D
# Needed 1 1 1 100 1
E
F
2007
Year Assets Purchased Plus $/unit Shipping $8,400.00 $0.00 $21,300.00 $0.00 $20,000.00 $0.00 5.5 $0.00 $350.00 $30.00
Total Cost $8,400 $21,300 $20,000 $550 $380
Asset Life 7 7 7 7 7
1 1 1 1
$4,075.00 $7,500.00 6,855.00 $1,000.00
$0.00 $0.00 $0.00 $0.00
$4,075 $7,500 $6,855 $1,000 $0 $0 $0 $0 $0 $70,060
7 7 7 7
5
$3,850
$0.00
$19,250
7
5
$6,500
$0.00
$32,500
7
5
$8,470
$0.00
$42,350
7
2
$9,130
$0.00
$18,260
7
2
$9,680
$0.00
$19,360
7
1 1
$9,500 $12,280
$0.00 $0.00
$9,500 $12,280 $0 $0 $0 $0 $0 $0 $0
7 7
Total Receiving Equipment
19 Fermentation/Storage Tanks 20 19.8HL 523 gallons-Variable capacity floating lid Tanks an sga ons- xe capac ty w t cone top 21 three man ways an sga ons- xe capac ty w t cone top 22 three man ways an s4 ga ons- xe capac ty w t cone top 23 three man ways 100 HL Tanks-2642 gallons-Fixed capacity with cone top & 24 three man ways 40HL Tanks- 1057 gallons--Fixed capacity fully insulated 25 with cone top & three man ways 26 60HL Tanks-1585 gallons
27 28 29 30 31 32 33 34 Total Fermentation Storage Tanks 37 Cooperage 38 39 40 41 42 43 44 45 46 47 48
$153,500 # Needed
$/unit
Plus Shipping
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
49 Total Cooperage 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66
Refrigeration Equipment Della Toffola condensing unit Glycol buffer tank 300 liter Pumps Lowara model 2HMS3 Master temperature control panel Tank electro valves Estimated Installation Cost 40% Glycol diluted 50/50 with water
67 Total Refrigeration equipment
Asset Life
$0
1 1 2 1 21 1 200
$22,000.00 $890.00 $328.00 $5,356.00 $230.00 $13,492.80 $2.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$22,000 $890 $656 $5,356 $4,830 $13,493 $400 $0 $0 $0 $0 $0 $0 $0 $0
$47,625
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
7 7 7 7 7 7 7
Asset List
A 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107
Cellar Equipment PEC/OMAC VNB-115 pump MIDEX 1.5" pump (frequency drive) Nutriflo Hose- 1.5" Valves, clamps, gaskets, reducers, barbs Option two Bottling line 1500 bottles per hour Bulldog pup Punch down device- ss pole w/ foot Stirring rod SS hopper for dumping pumice into press SS sump and screen Della Tofola Universal filter Buckets-5 gallon plastic Carts Food grade shovels Water hose- 100' 7/8 diameter SO2 dispenser-canister Flashlights Funnels Tools-various Siphon hoses-1" kanaline
B
C D Year Assets Purchased
# Needed 1 1 150 0 1 1 1 2 1 1 1 1 10 2 2 3 1 3 3 1 30
Plus $/unit Shipping 6,490.00 $0.00 2,850.00 $0.00 2.25 $0.00 0.00 $0.00 7,371.50 $0.00 80,095.00 $0.00 600.00 $0.00 150.00 $0.00 27.55 $0.00 5,000.00 $0.00 5,000.00 $0.00 11,875.00 $0.00 6.00 $0.00 175.00 $0.00 45.00 $0.00 30.00 $0.00 300.00 $0.00 30.00 $0.00 10.00 $0.00 750.00 $0.00 1.21 $0.00
108 Total Cellar Equipment 111 Lab equipment
E 2007
F
Total Cost $6,490 $2,850 $338 $0 $7,372 $80,095 $600 $300 $28 $5,000 $5,000 $11,875 $60 $350 $90 $90 $300 $90 $30 $750 $36 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Asset Life 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7
$121,743 # Needed
$/unit
Plus Shipping
Total Cost
Asset Life
112 113 114 115 116 117 118 119 120
pH meter-Orion 525 AO w/ ATC probe& electrode Microscope Spectrometer ast vacuum pump an vacus e mem rane SO2 testing apparatus-A-O setup #2 Incubator Small pressurized lab filter Magnetic stirrer and bars Refractometer-Handheld Brix model 45-02
1 1 1 1 1 1 1 1 1
$1,383.00 $3,500.00 $3,000.00 $356.50 $315.00 $50.00 $50.00 $160.00 $161.24
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$1,383 $3,500 $3,000 $357 $315 $50 $50 $160 $161
7 7 7 7 7 7 7 7 7
121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137
Hydrometer-Narrow Range -5-5,0-8,8-16,16-24 Brix Thermometer Balance-0.01g to 200 g Ebulliometer-electric Stirrer Glassware-various* Burettes Dispensing Burettes Thief-glass18"
8 2 1 1 1 1 1 1 1
$12.30 $4.30 $325.00 $925.00 $16.00 $295.90 $82.00 $25.00 $44.00
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$98 $9 $325 $925 $16 $296 $82 $25 $44 $0 $0 $0 $0 $0 $0 $0 $0
7 7 7 7 7 7 7 7 7
138 Total Lab Equipment
$10,796
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
Asset List
A 140 141 Other Equipment 142 143 144 145 146 147 148 149 150 151 152
General office equipment-fax, copier, telephone, etc General office equipment-fax, copier, telephone, etc Computer & software-computer, printer, MS office Furnishings-desks, chairs, etc Truck Car
153 156 157 159 160 161 162 163 164 165 166 167 168 169 170
Total Other Equipment Total Wine Equipment Building Winery- ft2 Air conditioning system Heating system Waste water disposal & sewer
B
C
# Needed 1 1 1 1 2
$/unit $2,000.00 $2,500.00 $5,000.00 $15,000.00 $14,000.00
187 Total Investment
E
F
2007
Year Assets Purchased Plus Shipping $0.00 $0.00 $0.00 $0.00 $0.00
Total Cost $2,000 $2,500 $5,000 $15,000 $28,000 $0 $0 $0 $0 $0
Asset Life 7 3 7 5 5
$52,500 $456,223 # Needed 10,000 1 1 1
$/unit $100.00 $15,000.00 $15,000.00 $30,000.00
171 Total Building 172 173 Total Investment in Building and Equipment 175 177 Land 178 Land and roads 179 180 181 182 183 184 185 ota an
D
Total Cost $1,000,000 $15,000 $15,000 $30,000 $0 $0 $0 $0 $0 $0 $0
Asset Life 40 40 40 40
$1,060,000 $1,516,223
Acres 7.5
$/Acre $13,333.33
Total Cost $100,000 $0 $0 $0 $0 $0 $0 $100,000
$1,616,223
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
Annual Land Appreciation 0.0%
Asset List
S
T
1
Assets
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Receiving Equipment
U
V
W
Year Assets Purchased # Needed
$/unit
Plus Shipping
X
Y
2008 Total Cost $0 $0 $0 $0 $0
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
19 20
$0
21
$0
22
$0
23
$0
24
$0
25 26 27 28 29 30 31 32 33
$0 $0 $0 $0 $0 $0 $0 $0 $0
34
Total Fermentation Storage Tanks
37 38 39 40 41 42 43 44 45 46 47 48
Cooperage
49
Total Cooperage
51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66
Refrigeration Equipment
67
Total Refrigeration equipment
$0 # Needed
$/unit
Plus Shipping
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
S
T
69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107
Cellar Equipment
108
Total Cellar Equipment
111 112 113 114 115 116 117 118 119 120
Lab equipment
U
V W Year Assets Purchased
# Needed
$/unit
Plus Shipping
$/unit
Plus Shipping
X 2008 Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Asset Life
$0 # Needed
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0
121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138
Y
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Lab Equipment
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
S 140 141
T Other Equipment
U
V
W
Year Assets Purchased # Needed
$/unit
Plus Shipping
X
Y
2008
Total Cost
142 143 144 145 146 147 148 149 150 151 152
General office equipment-fax, copier, telephone, etc
153 156 157 159 160 161 162 163 164 165 166 167 168 169 170
Total Other Equipment Total Wine Equipment
171 172 173 175
Total Building
$0
Total Investment in Building and Equipment
$0
177 178 179 180 181 182 183 184 185
Land
187
Total Investment
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Building
ota
$0 $0 # Needed
Acres
an
$/unit
$/Acre
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Annual Land Appreciation
Asset List
AL
AM
1
Assets
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Receiving Equipment
AN
AO
AP
Year Assets Purchased # Needed
$/unit
Plus Shipping
AQ
AR
2009 Total Cost $0 $0 $0 $0 $0
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
19 20
$0
21
$0
22
$0
23
$0
24
$0
25 26 27 28 29 30 31 32 33
$0 $0 $0 $0 $0 $0 $0 $0 $0
34
Total Fermentation Storage Tanks
37 38 39 40 41 42 43 44 45 46 47 48
Cooperage
49
Total Cooperage
51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66
Refrigeration Equipment
67
Total Refrigeration equipment
$0 # Needed
$/unit
Plus Shipping
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
AL
AM
69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107
Cellar Equipment
108
Total Cellar Equipment
111 112 113 114 115 116 117 118 119 120
Lab equipment
AN
AO AP Year Assets Purchased
# Needed
$/unit
Plus Shipping
$/unit
Plus Shipping
AQ 2009 Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Asset Life
$0 # Needed
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0
121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138
AR
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Lab Equipment
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
AL 140 141
AM Other Equipment
AN
AO
AP
Year Assets Purchased # Needed
$/unit
Plus Shipping
AQ
AR
2009
Total Cost
142 143 144 145 146 147 148 149 150 151 152
General office equipment-fax, copier, telephone, etc
153 156 157 159 160 161 162 163 164 165 166 167 168 169 170
Total Other Equipment Total Wine Equipment
171 172 173 175
Total Building
$0
Total Investment in Building and Equipment
$0
177 178 179 180 181 182 183 184 185
Land
187
Total Investment
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Building
ota
$0 $0 # Needed
Acres
an
$/unit
$/Acre
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Annual Land Appreciation
Asset List
BE
BF
1
Assets
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Receiving Equipment
BG
BH
BI
Year Assets Purchased # Needed
$/unit
Plus Shipping
BJ
BK
2010 Total Cost $0 $0 $0 $0 $0
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
19 20
$0
21
$0
22
$0
23
$0
24
$0
25 26 27 28 29 30 31 32 33
$0 $0 $0 $0 $0 $0 $0 $0 $0
34
Total Fermentation Storage Tanks
37 38 39 40 41 42 43 44 45 46 47 48
Cooperage
49
Total Cooperage
51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66
Refrigeration Equipment
67
Total Refrigeration equipment
$0 # Needed
$/unit
Plus Shipping
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
BE
BF
69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107
Cellar Equipment
108
Total Cellar Equipment
111 112 113 114 115 116 117 118 119 120
Lab equipment
BG
BH BI Year Assets Purchased
# Needed
$/unit
Plus Shipping
$/unit
Plus Shipping
BJ 2010 Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Asset Life
$0 # Needed
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0
121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138
BK
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Lab Equipment
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
BE 140 141
BF Other Equipment
BG
BH
BI
Year Assets Purchased # Needed
$/unit
Plus Shipping
BJ
BK
2010
Total Cost
142 143 144 145 146 147 148 149 150 151 152
General office equipment-fax, copier, telephone, etc
153 156 157 159 160 161 162 163 164 165 166 167 168 169 170
Total Other Equipment Total Wine Equipment
171 172 173 175
Total Building
$0
Total Investment in Building and Equipment
$0
177 178 179 180 181 182 183 184 185
Land
187
Total Investment
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Building
ota
$0 $0 # Needed
Acres
an
$/unit
$/Acre
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Annual Land Appreciation
Asset List
BX
BY
1
Assets
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Receiving Equipment
BZ
CA
CB
Year Assets Purchased # Needed
$/unit
Plus Shipping
CC
CD
2011 Total Cost $0 $0 $0 $0 $0
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
19 20
$0
21
$0
22
$0
23
$0
24
$0
25 26 27 28 29 30 31 32 33
$0 $0 $0 $0 $0 $0 $0 $0 $0
34
Total Fermentation Storage Tanks
37 38 39 40 41 42 43 44 45 46 47 48
Cooperage
49
Total Cooperage
51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66
Refrigeration Equipment
67
Total Refrigeration equipment
$0 # Needed
$/unit
Plus Shipping
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
BX
BY
69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107
Cellar Equipment
108
Total Cellar Equipment
111 112 113 114 115 116 117 118 119 120
Lab equipment
BZ
CA CB Year Assets Purchased
# Needed
$/unit
Plus Shipping
$/unit
Plus Shipping
CC 2011 Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Asset Life
$0 # Needed
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0
121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138
CD
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Lab Equipment
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
BX 140 141
BY Other Equipment
BZ
CA
CB
Year Assets Purchased # Needed
$/unit
Plus Shipping
CC
CD
2011
Total Cost
142 143 144 145 146 147 148 149 150 151 152
General office equipment-fax, copier, telephone, etc
153 156 157 159 160 161 162 163 164 165 166 167 168 169 170
Total Other Equipment Total Wine Equipment
171 172 173 175
Total Building
$0
Total Investment in Building and Equipment
$0
177 178 179 180 181 182 183 184 185
Land
187
Total Investment
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Building
ota
$0 $0 # Needed
Acres
an
$/unit
$/Acre
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Annual Land Appreciation
Asset List
CQ
CR
1
Assets
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Receiving Equipment
CS
CT
CU
Year Assets Purchased # Needed
$/unit
Plus Shipping
CV
CW
2012 Total Cost $0 $0 $0 $0 $0
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
19 20
$0
21
$0
22
$0
23
$0
24
$0
25 26 27 28 29 30 31 32 33
$0 $0 $0 $0 $0 $0 $0 $0 $0
34
Total Fermentation Storage Tanks
37 38 39 40 41 42 43 44 45 46 47 48
Cooperage
49
Total Cooperage
51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66
Refrigeration Equipment
67
Total Refrigeration equipment
$0 # Needed
$/unit
Plus Shipping
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
CQ
CR
69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107
Cellar Equipment
108
Total Cellar Equipment
111 112 113 114 115 116 117 118 119 120
Lab equipment
CS
CT CU Year Assets Purchased
# Needed
$/unit
Plus Shipping
$/unit
Plus Shipping
CV 2012 Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Asset Life
$0 # Needed
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0
121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138
CW
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Lab Equipment
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
CQ 140 141
CR Other Equipment
CS
CT
CU
Year Assets Purchased # Needed
$/unit
Plus Shipping
CV
CW
2012
Total Cost
142 143 144 145 146 147 148 149 150 151 152
General office equipment-fax, copier, telephone, etc
153 156 157 159 160 161 162 163 164 165 166 167 168 169 170
Total Other Equipment Total Wine Equipment
171 172 173 175
Total Building
$0
Total Investment in Building and Equipment
$0
177 178 179 180 181 182 183 184 185
Land
187
Total Investment
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Building
ota
$0 $0 # Needed
Acres
an
$/unit
$/Acre
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Annual Land Appreciation
Asset List
DJ
DK
1
Assets
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Receiving Equipment
DL
DM
DN
Year Assets Purchased # Needed
$/unit
Plus Shipping
DO
DP
2013 Total Cost $0 $0 $0 $0 $0
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
19 20
$0
21
$0
22
$0
23
$0
24
$0
25 26 27 28 29 30 31 32 33
$0 $0 $0 $0 $0 $0 $0 $0 $0
34
Total Fermentation Storage Tanks
37 38 39 40 41 42 43 44 45 46 47 48
Cooperage
49
Total Cooperage
51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66
Refrigeration Equipment
67
Total Refrigeration equipment
$0 # Needed
$/unit
Plus Shipping
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
DJ
DK
69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107
Cellar Equipment
108
Total Cellar Equipment
111 112 113 114 115 116 117 118 119 120
Lab equipment
DL
DM DN Year Assets Purchased
# Needed
$/unit
Plus Shipping
$/unit
Plus Shipping
DO 2013 Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Asset Life
$0 # Needed
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0
121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138
DP
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Lab Equipment
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
DJ 140 141
DK Other Equipment
DL
DM
DN
Year Assets Purchased # Needed
$/unit
Plus Shipping
DO
DP
2013
Total Cost
142 143 144 145 146 147 148 149 150 151 152
General office equipment-fax, copier, telephone, etc
153 156 157 159 160 161 162 163 164 165 166 167 168 169 170
Total Other Equipment Total Wine Equipment
171 172 173 175
Total Building
$0
Total Investment in Building and Equipment
$0
177 178 179 180 181 182 183 184 185
Land
187
Total Investment
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Building
ota
$0 $0 # Needed
Acres
an
$/unit
$/Acre
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Annual Land Appreciation
Asset List
EC
ED
1
Assets
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Receiving Equipment
EE
EF
EG
Year Assets Purchased # Needed
$/unit
Plus Shipping
EH
EI
2014 Total Cost $0 $0 $0 $0 $0
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
19 20
$0
21
$0
22
$0
23
$0
24
$0
25 26 27 28 29 30 31 32 33
$0 $0 $0 $0 $0 $0 $0 $0 $0
34
Total Fermentation Storage Tanks
37 38 39 40 41 42 43 44 45 46 47 48
Cooperage
49
Total Cooperage
51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66
Refrigeration Equipment
67
Total Refrigeration equipment
$0 # Needed
$/unit
Plus Shipping
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
EC
ED
69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107
Cellar Equipment
108
Total Cellar Equipment
111 112 113 114 115 116 117 118 119 120
Lab equipment
EE
EF EG Year Assets Purchased
# Needed
$/unit
Plus Shipping
$/unit
Plus Shipping
EH 2014 Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Asset Life
$0 # Needed
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0
121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138
EI
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Lab Equipment
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
EC 140 141
ED Other Equipment
EE
EF
EG
Year Assets Purchased # Needed
$/unit
Plus Shipping
EH
EI
2014
Total Cost
142 143 144 145 146 147 148 149 150 151 152
General office equipment-fax, copier, telephone, etc
153 156 157 159 160 161 162 163 164 165 166 167 168 169 170
Total Other Equipment Total Wine Equipment
171 172 173 175
Total Building
$0
Total Investment in Building and Equipment
$0
177 178 179 180 181 182 183 184 185
Land
187
Total Investment
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Building
ota
$0 $0 # Needed
Acres
an
$/unit
$/Acre
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Annual Land Appreciation
Asset List
EV
EW
1
Assets
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Receiving Equipment
EX
EY
EZ
Year Assets Purchased # Needed
$/unit
Plus Shipping
FA
FB
2015 Total Cost $0 $0 $0 $0 $0
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
19 20
$0
21
$0
22
$0
23
$0
24
$0
25 26 27 28 29 30 31 32 33
$0 $0 $0 $0 $0 $0 $0 $0 $0
34
Total Fermentation Storage Tanks
37 38 39 40 41 42 43 44 45 46 47 48
Cooperage
49
Total Cooperage
51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66
Refrigeration Equipment
67
Total Refrigeration equipment
$0 # Needed
$/unit
Plus Shipping
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
EV
EW
EX
EY
EZ
# Needed
$/unit
Plus Shipping
$/unit
Plus Shipping
69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107
Cellar Equipment
108
Total Cellar Equipment
111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137
Lab equipment
138
Total Lab Equipment
FA 2015
FB
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Asset Life
$0 # Needed
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
EV 140 141
EW
EX
EY
EZ
Other Equipment
FA
FB
2015
# Needed
$/unit
Plus Shipping
Total Cost
142 143 144 145 146 147 148 149 150 151 152
General office equipment-fax, copier, telephone, etc
153 156 157 159 160 161 162 163 164 165 166 167 168 169 170
Total Other Equipment Total Wine Equipment
171 172 173 175
Total Building
$0
Total Investment in Building and Equipment
$0
177 178 179 180 181 182 183 184 185
Land
187
Total Investment
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Building
ota
$0 $0 # Needed
Acres
an
$/unit
$/Acre
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Annual Land Appreciation
Asset List
FO
FP
1
Assets
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Receiving Equipment
FQ
FR
FS
Year Assets Purchased # Needed
$/unit
Plus Shipping
FT
FU
2016 Total Cost $0 $0 $0 $0 $0
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
19 20
$0
21
$0
22
$0
23
$0
24
$0
25 26 27 28 29 30 31 32 33
$0 $0 $0 $0 $0 $0 $0 $0 $0
34
Total Fermentation Storage Tanks
37 38 39 40 41 42 43 44 45 46 47 48
Cooperage
49
Total Cooperage
51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66
Refrigeration Equipment
67
Total Refrigeration equipment
$0 # Needed
$/unit
Plus Shipping
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
FO
FP
FQ
FR
FS
# Needed
$/unit
Plus Shipping
$/unit
Plus Shipping
69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107
Cellar Equipment
108
Total Cellar Equipment
111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137
Lab equipment
138
Total Lab Equipment
FT 2016
FU
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Asset Life
$0 # Needed
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Asset List
FO 140 141
FP
FQ
FR
FS
Other Equipment
FT
FU
2016
# Needed
$/unit
Plus Shipping
Total Cost
142 143 144 145 146 147 148 149 150 151 152
General office equipment-fax, copier, telephone, etc
153 156 157 159 160 161 162 163 164 165 166 167 168 169 170
Total Other Equipment Total Wine Equipment
171 172 173 175
Total Building
$0
Total Investment in Building and Equipment
$0
177 178 179 180 181 182 183 184 185
Land
187
Total Investment
Asset Life
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Building
ota
$0 $0 # Needed
Acres
an
$/unit
$/Acre
Total Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost $0 $0 $0 $0 $0 $0 $0 $0
Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
$0
Asset Life
Annual Land Appreciation
Monthly Cash Flow
A
B
C
D
E
F
G
H
I
J
K
L
M
N
Aug $2,175,887
Sept $2,132,127
Oct $2,084,335
Nov $1,476,298
Dec $957,084
Total for the Year $2,236,540
2007
1 2 3 Cash At Beginning of Year
Jan $2,236,540
Feb $2,236,540
March $2,236,540
April $2,236,540
May $2,236,165
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$75,000 $0 $0 $0 $0
$0 $0 $0 $0 $0
$75,000 $0 $0 $0 $0
10 Total Revenue
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$75,000
$0
$75,000
11 12 13 14 15 16 17 18
Cost of Goods Produced Grapes Packaging Lab supplies Owner labor Full time labor art t me a or Total Cost of Goods Produced
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$8,571 $0 $513 $104 $6,195 $0 $15,383
$17,143 $0 $513 $104 $6,195 $592 $24,547
$25,714 $0 $513 $104 $6,195 $592 $33,118
$8,571 $15,625 $513 $104 $6,195 $592 $31,600
$0 $31,250 $513 $104 $6,195 $0 $38,061
$0 $46,875 $513 $104 $6,195 $592 $54,279
$60,000 $93,750 $3,075 $627 $37,167 $2,370 $196,988
19 20 21 22 23 24 25 26 27 28 29
Operating Expense Owner Labor Full time labor Part time labor Marketing Office Supplies Utilities Phone Fuel for vehicle Taxes & Dues Legal Fees
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $375 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0
$90 $5,310 $0 $2,000 $0 $0 $0 $0 $0 $0
$90 $5,310 $6,714 $4,000 $375 $175 $417 $333 $0 $15,000
$90 $5,310 $6,714 $6,000 $0 $350 $417 $333 $0 $0
$90 $5,310 $0 $8,000 $0 $525 $417 $333 $0 $0
$90 $5,310 $0 $10,000 $375 $700 $417 $333 $388 $15,000
$90 $5,310 $0 $10,000 $0 $875 $417 $333 $388 $0
$90 $5,310 $0 $10,000 $375 $875 $417 $333 $0 $0
$627 $37,167 $13,428 $50,000 $1,500 $3,500 $2,500 $2,000 $775 $30,000
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$1,250 $2,500
$0 $0
$0 $0
$1,250 $2,500
$0 $0
$0 $0
$2,500 $5,000
$0
$0
$0
$375
$0
$7,399
$36,163
$19,213
$14,674
$36,362
$17,412
$17,399
$148,997
4 5 6 7 8 9
Revenue Wine Sales-Tasting Room Wine Sales-Retail Outlets Wine Sales-Wholesale Gift Shop Net of Expenses Room Rental Net of Expenses
30 Outside Accounting 31 Miscellaneous 32 Total Operating Expense
June $2,236,165
July $2,228,766
Information In Yellow can be changed by entering a new number. Copyright © Iowa State University Extension 2005
11/5/2012
11:43 PM
Monthly Cash Flow
A
O
P
Q
R
S
T
U
V
2 3 Cash At Beginning of Year
Jan $345,332
Feb $304,943
Mar $275,729
Apr $245,307
May $249,388
June $264,176
July $300,849
$16,500 $4,688 $0 $625 $781
$16,500 $4,688 $0 $625 $781
$16,500 $4,688 $0 $625 $781
$33,000 $9,375 $0 $1,250 $1,563
$33,000 $9,375 $0 $1,250 $1,563
$49,500 $14,063 $0 $1,875 $2,344
$66,000 $18,750 $0 $2,500 $3,125
$82,500 $23,438 $0 $3,125 $3,906
10 Total Revenue
$22,594
$22,594
$22,594
$45,188
$45,188
$67,781
$90,375
11 12 13 14 15 16 17 18
Cost of Goods Produced Grapes Packaging Lab supplies Owner labor Full time labor Part time labor Total Cost of Goods Produced
$0 $12,875 $422 $74 $8,745 $469 $22,585
$0 $12,875 $422 $74 $8,745 $469 $22,585
$0 $6,438 $211 $37 $4,373 $234 $11,292
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
19 20 21 22 23 24 25 26 27 28
Operating Expense Owner Labor Full time labor Part time labor Marketing Office Supplies Utilities Phone Fuel for vehicle Taxes & Dues
$52 $6,195 $1,881 $2,126 $375 $483 $417 $333 $4 425
$52 $6,195 $1,881 $2,126 $0 $483 $417 $333 $0
$52 $6,195 $1,881 $2,126 $0 $483 $417 $333 $0
$52 $6,195 $1,881 $2,835 $375 $483 $417 $333 $4 425
$52 $6,195 $1,881 $3,544 $0 $241 $417 $333 $0
$52 $6,195 $1,881 $4,253 $0 $241 $417 $333 $0
4 5 6 7 8 9
W
X
Y
Z
AA
2008
1
Revenue Wine Sales-Tasting Room Wine Sales-Retail Outlets Wine Sales-Wholesale Gift Shop Net of Expenses Room Rental Net of Expenses
Aug $339,732
Sept $403,643
Oct $425,844
Nov $401,868
Dec $371,938
Total for the Year $345,332
$66,000 $18,750 $0 $2,500 $3,125
$49,500 $14,063 $0 $1,875 $2,344
$33,000 $9,375 $0 $1,250 $1,563
$66,000 $18,750 $0 $2,500 $3,125
$528,000 $150,000 $0 $20,000 $25,000
$112,969
$90,375
$67,781
$45,188
$90,375
$723,000
$8,500 $0 $0 $0 $0 $0 $8,500
$17,000 $0 $0 $0 $0 $0 $17,000
$25,500 $0 $0 $0 $0 $0 $25,500
$17,000 $19,313 $633 $111 $13,118 $703 $50,877
$0 $25,750 $845 $147 $17,490 $937 $45,170
$0 $32,188 $1,056 $184 $21,863 $1,172 $56,462
$68,000 $109,438 $3,590 $627 $74,334 $3,983 $259,971
$52 $6,195 $1,881 $4,962 $375 $241 $417 $333 $4 425
$52 $6,195 $1,881 $4,962 $0 $483 $417 $333 $0
$52 $6,195 $1,881 $2,835 $0 $724 $417 $333 $0
$52 $6,195 $1,881 $2,126 $375 $966 $417 $333 $4 425
$52 $6,195 $1,881 $2,126 $0 $1,207 $417 $333 $0
$52 $6,195 $1,881 $2,126 $0 $966 $417 $333 $0
$627 $74,334 $22,571 $36,150 $1,500 $7,000 $5,000 $4,000 $17 700
42
Monthly Cash Flow
A
O
P
Q
R
S
T
U
V
W
2 3 Cash At Beginning of Year
Jan $345,332
Feb $304,943
Mar $275,729
Apr $245,307
May $249,388
June $264,176
July $300,849
$16,500 $4,688 $0 $625 $781
$16,500 $4,688 $0 $625 $781
$16,500 $4,688 $0 $625 $781
$33,000 $9,375 $0 $1,250 $1,563
$33,000 $9,375 $0 $1,250 $1,563
$49,500 $14,063 $0 $1,875 $2,344
$66,000 $18,750 $0 $2,500 $3,125
$82,500 $23,438 $0 $3,125 $3,906
10 Total Revenue
$22,594
$22,594
$22,594
$45,188
$45,188
$67,781
$90,375
11 12 13 14 15 16 17 18
Cost of Goods Produced Grapes Packaging Lab supplies Owner labor Full time labor Part time labor Total Cost of Goods Produced
$0 $12,875 $422 $74 $8,745 $469 $22,585
$0 $12,875 $422 $74 $8,745 $469 $22,585
$0 $6,438 $211 $37 $4,373 $234 $11,292
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0
19 20 21 22 23 24 25 26 27 28 29
Operating Expense Owner Labor Full time labor Part time labor Marketing Office Supplies Utilities Phone Fuel for vehicle Taxes & Dues Legal Fees
$52 $6,195 $1,881 $2,126 $375 $483 $417 $333 $4,425 $1,250
$52 $6,195 $1,881 $2,126 $0 $483 $417 $333 $0 $0
$52 $6,195 $1,881 $2,126 $0 $483 $417 $333 $0 $0
$52 $6,195 $1,881 $2,835 $375 $483 $417 $333 $4,425 $1,250
$52 $6,195 $1,881 $3,544 $0 $241 $417 $333 $0 $0
$625 $2,500
$0 $0
$0 $0
$625 $2,500
$20,662
$11,487
$11,487
$21,371
4 5 6 7 8 9
X
Y
Z
AA
2008
1
Revenue Wine Sales-Tasting Room Wine Sales-Retail Outlets Wine Sales-Wholesale Gift Shop Net of Expenses Room Rental Net of Expenses
30 Outside Accounting sce aneous 31 32 Total Operating Expense
Aug $339,732
Sept $403,643
Oct $425,844
Nov $401,868
Total for the Year $345,332
Dec $371,938
$66,000 $18,750 $0 $2,500 $3,125
$49,500 $14,063 $0 $1,875 $2,344
$33,000 $9,375 $0 $1,250 $1,563
$66,000 $18,750 $0 $2,500 $3,125
$528,000 $150,000 $0 $20,000 $25,000
$112,969
$90,375
$67,781
$45,188
$90,375
$723,000
$8,500 $0 $0 $0 $0 $0 $8,500
$17,000 $0 $0 $0 $0 $0 $17,000
$25,500 $0 $0 $0 $0 $0 $25,500
$17,000 $19,313 $633 $111 $13,118 $703 $50,877
$0 $25,750 $845 $147 $17,490 $937 $45,170
$0 $32,188 $1,056 $184 $21,863 $1,172 $56,462
$68,000 $109,438 $3,590 $627 $74,334 $3,983 $259,971
$52 $6,195 $1,881 $4,253 $0 $241 $417 $333 $0 $0
$52 $6,195 $1,881 $4,962 $375 $241 $417 $333 $4,425 $1,250
$52 $6,195 $1,881 $4,962 $0 $483 $417 $333 $0 $0
$52 $6,195 $1,881 $2,835 $0 $724 $417 $333 $0 $0
$52 $6,195 $1,881 $2,126 $375 $966 $417 $333 $4,425 $1,250
$52 $6,195 $1,881 $2,126 $0 $1,207 $417 $333 $0 $0
$52 $6,195 $1,881 $2,126 $0 $966 $417 $333 $0 $0
$627 $74,334 $22,571 $36,150 $1,500 $7,000 $5,000 $4,000 $17,700 $5,000
$0 $0
$0 $0
$625 $2,500
$0 $0
$0 $0
$625 $2,500
$0 $0
$0 $0
$2,500 $10,000
$12,663
$13,372
$23,256
$14,322
$12,437
$21,145
$12,211
$11,970
Information In Yellow can be changed by entering a new number. Copyright © Iowa State University Extension 2005
$186,382
11/5/2012
11:43 PM
Monthly Cash Flow
A
B
C
D
E
F
G
H
I
J
K
L
M
N
Aug
Sept
Oct
Nov
Dec
Total for the Year
2007
33 34 35 36 37 38 39 40 41 42 43 44 45
Monthly Cash Flow
47 48 49 50 51 52 53 54 55
Other Adjustments to Cash
Fixed Costs Insurance Property Tax Repairs & Maintenance Interest Expense Wells Fargo-Building Bank of Am. Equipment State of Iowa Total Interest Expense Depreciation Total Fixed Costs Total Cost of Goods Produced, Operational 46 and Fixed Expenses
Dividend or Tax Plus Depreciation Less New Asset Purchases Principal Payments on Loans Wells Fargo-Building Bank of Am. Equipment State of Iowa Total Principal Payments on Loans
56 Total Other Adjustments to Cash 57 Cash Balance at end of Year
Jan
Feb
March
April
May
June
July
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$1,333 $0 $0
$0 $0 $0
$0 $0 $0
$1,333 $0 $0
$0 $0 $0
$1,333 $0 $0
$4,000 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $1,333
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $1,333
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $1,333
$0 $0 $0 $0 $94,583 $98,583
$0
$0
$0
$375
$0
$7,399
$52,879
$43,760
$47,792
$69,295
$55,473
$73,011
$444,568
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $538,741
$0 $0 $538,741
$0 $0 $538,741
$0 $94,583 $1,616,223
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $2,236,540
$0 $2,236,540
$0 $2,236,540
$0 $2,236,165
$0 $2,236,165
$0 $2,228,766
$0 $2,175,887
$0 $2,132,127
$0 $2,084,335
$0 $1,476,298
$0 $957,084
$0 $345,332
$1,710,806 $345,332
43
Monthly Cash Flow
A
B
C
D
E
F
G
H
I
J
K
L
M
N
Aug
Sept
Oct
Nov
Dec
Total for the Year
2007
33 34 35 36 37 38 39 40 41 42 43 44 45
Monthly Cash Flow
47 48 49 50 51 52 53 54 55
Other Adjustments to Cash
Jan
Fixed Costs Insurance Property Tax Repairs & Maintenance Interest Expense Wells Fargo-Building Bank of Am. Equipment State of Iowa Total Interest Expense Depreciation Total Fixed Costs Total Cost of Goods Produced, Operational 46 and Fixed Expenses
March
April
May
June
July
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$1,333 $0 $0
$0 $0 $0
$0 $0 $0
$1,333 $0 $0
$0 $0 $0
$1,333 $0 $0
$4,000 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $1,333
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $1,333
$0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $1,333
$0 $0 $0 $0 $94,583 $98,583
$0
$0
$0
$375
$0
$7,399
$52,879
$43,760
$47,792
$69,295
$55,473
$73,011
$444,568
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $0
$0 $0 $538,741
$0 $0 $538,741
$0 $0 $538,741
$0 $94,583 $1,616,223
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0 $2,236,540
$0 $2,236,540
$0 $2,236,540
$0 $2,236,165
$0 $2,236,165
$0 $2,228,766
$0 $2,175,887
$0 $2,132,127
$0 $2,084,335
$0 $1,476,298
$0 $957,084
$0 $345,332
$1,710,806 $345,332
Dividend or Tax Plus Depreciation Less New Asset Purchases Principal Payments on Loans Wells Fargo-Building Bank of Am. Equipment State of Iowa Total Principal Payments on Loans
56 Total Other Adjustments to Cash 57 Cash Balance at end of Year
Feb
Information In Yellow can be changed by entering a new number. Copyright © Iowa State University Extension 2005
11/5/2012
11:43 PM
Monthly Cash Flow
A
O
P
Q
R
S
T
U
V
W
X
Y
Z
AA
Aug
Sept
Oct
Nov
Dec
Total for the Year
2008
33 34 35 36 37 38 39 40 41 42 43 44 45
Monthly Cash Flow
47 48 49 50 51 52 53 54 55
Other Adjustments to Cash
Fixed Costs Insurance Property Tax Repairs & Maintenance Interest Expense Wells Fargo-Building Bank of Am. Equipment State of Iowa ota nterest xpense Depreciation ota xe osts Total Cost of Goods Produced, Operational 46 and Fixed Expenses
Dividend or Tax Plus Depreciation Less New Asset Purchases Principal Payments on Loans Wells Fargo-Building Bank of Am. Equipment State of Iowa Total Principal Payments on Loans
56 Total Other Adjustments to Cash 57 as a ance at en o ear
Jan
Feb
Mar
Apr
May
June
July
$2,000 $0 $1,185
$0 $0 $1,185
$0 $12,500 $1,185
$2,000 $0 $1,185
$0 $0 $1,185
$0 $0 $1,185
$2,000 $0 $1,185
$0 $0 $1,185
$0 $12,500 $1,185
$2,000 $0 $1,185
$0 $0 $1,185
$0 $0 $1,185
$8,000 $25,000 $14,216
$2,540 $1,521 $3,050 $7,110 $7,882 $18,176
$2,534 $1,507 $3,008 $7,049 $7,882 $16,116
$2,528 $1,494 $2,966 $6,988 $7,882 $28,555
$2,523 $1,480 $2,924 $6,926 $7,882 $17,993
$2,517 $1,466 $2,882 $6,865 $7,882 $15,931
$2,511 $1,452 $2,839 $6,802 $7,882 $15,869
$2,505 $1,438 $2,796 $6,740 $7,882 $17,806
$2,499 $1,424 $2,753 $6,676 $7,882 $15,743
$2,494 $1,410 $2,710 $6,613 $7,882 $28,179
$2,488 $1,395 $2,666 $6,549 $7,882 $17,615
$2,482 $1,381 $2,622 $6,485 $7,882 $15,551
$2,476 $1,366 $2,577 $6,420 $7,882 $15,486
$30,095 $17,334 $33,793 $81,222 $94,583 $223,021
$61,423
$50,187
$51,334
$39,364
$28,594
$29,241
$49,562
$47,065
$66,117
$89,637
$72,932
$83,918
$669,374
$0 $7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$1,181 $2,035 $6,225 $9,442
$1,187 $2,048 $6,267 $9,502
$1,193 $2,062 $6,309 $9,563
$1,199 $2,076 $6,351 $9,625
$1,204 $2,089 $6,393 $9,687
$1,210 $2,103 $6,436 $9,749
$1,216 $2,117 $6,479 $9,812
$1,222 $2,132 $6,522 $9,875
$1,228 $2,146 $6,565 $9,939
$1,233 $2,160 $6,609 $10,003
$1,239 $2,174 $6,653 $10,067
$1,245 $2,189 $6,698 $10,132
$14,557 $25,331 $77,507 $117,395
$17,324 $304,943
$17,384 $275,729
$17,445 $245,307
$17,507 $249,388
$17,569 $264,176
$17,631 $300,849
$17,694 $339,732
$17,757 $403,643
$17,821 $425,844
$17,884 $401,868
$17,949 $371,938
$18,014 $376,146
$211,978 $376,146
$7,882 $0
$0 $94,583 $0
44
Monthly Cash Flow
A
O
P
Q
R
S
T
U
V
W
X
Y
Z
AA
Aug
Sept
Oct
Nov
Dec
Total for the Year
2008
33 34 35 36 37 38 39 40 41 42 43 44 45
Monthly Cash Flow
47 48 49 50 51 52 53 54 55
Other Adjustments to Cash
Fixed Costs Insurance Property Tax Repairs & Maintenance Interest Expense Wells Fargo-Building Bank of Am. Equipment State of Iowa ota nterest xpense Depreciation ota xe osts Total Cost of Goods Produced, Operational 46 and Fixed Expenses
Jan
Mar
Apr
May
June
July
$2,000 $0 $1,185
$0 $0 $1,185
$0 $12,500 $1,185
$2,000 $0 $1,185
$0 $0 $1,185
$0 $0 $1,185
$2,000 $0 $1,185
$0 $0 $1,185
$0 $12,500 $1,185
$2,000 $0 $1,185
$0 $0 $1,185
$0 $0 $1,185
$8,000 $25,000 $14,216
$2,540 $1,521 $3,050 $7,110 $7,882 $18,176
$2,534 $1,507 $3,008 $7,049 $7,882 $16,116
$2,528 $1,494 $2,966 $6,988 $7,882 $28,555
$2,523 $1,480 $2,924 $6,926 $7,882 $17,993
$2,517 $1,466 $2,882 $6,865 $7,882 $15,931
$2,511 $1,452 $2,839 $6,802 $7,882 $15,869
$2,505 $1,438 $2,796 $6,740 $7,882 $17,806
$2,499 $1,424 $2,753 $6,676 $7,882 $15,743
$2,494 $1,410 $2,710 $6,613 $7,882 $28,179
$2,488 $1,395 $2,666 $6,549 $7,882 $17,615
$2,482 $1,381 $2,622 $6,485 $7,882 $15,551
$2,476 $1,366 $2,577 $6,420 $7,882 $15,486
$30,095 $17,334 $33,793 $81,222 $94,583 $223,021
$61,423
$50,187
$51,334
$39,364
$28,594
$29,241
$49,562
$47,065
$66,117
$89,637
$72,932
$83,918
$669,374
$0 $7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$7,882 $0
$1,181 $2,035 $6,225 $9,442
$1,187 $2,048 $6,267 $9,502
$1,193 $2,062 $6,309 $9,563
$1,199 $2,076 $6,351 $9,625
$1,204 $2,089 $6,393 $9,687
$1,210 $2,103 $6,436 $9,749
$1,216 $2,117 $6,479 $9,812
$1,222 $2,132 $6,522 $9,875
$1,228 $2,146 $6,565 $9,939
$1,233 $2,160 $6,609 $10,003
$1,239 $2,174 $6,653 $10,067
$1,245 $2,189 $6,698 $10,132
$14,557 $25,331 $77,507 $117,395
$17,324 $304,943
$17,384 $275,729
$17,445 $245,307
$17,507 $249,388
$17,569 $264,176
$17,631 $300,849
$17,694 $339,732
$17,757 $403,643
$17,821 $425,844
$17,884 $401,868
$17,949 $371,938
$18,014 $376,146
$211,978 $376,146
Dividend or Tax Plus Depreciation Less New Asset Purchases Principal Payments on Loans Wells Fargo-Building Bank of Am. Equipment State of Iowa Total Principal Payments on Loans
56 Total Other Adjustments to Cash 57 as a ance at en o ear
Feb
$0 $94,583 $0
$7,882 $0
Information In Yellow can be changed by entering a new number. Copyright © Iowa State University Extension 2005
11/5/2012
Monthly Cash Flow
A
C
D
E
F
G
H
I
J
K
L
M
N
The method used to allocate Income & Expense to a month is based on a sum of the digits. In the areas in Yellow enter a number that you think will best represent the portion of the annual income or expense that would occur in that month. Complete the task for each month in Start Up and Year 1. The sum of each row is shown in the Total for the Year. The spreadsheet will distribute the annual income & expense based on the percentage created in each month. Note: The Total Start Up must have contain a number greater than 0 in all rows.
58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83
B
Monthly Income & Expense Allocation Revenue Wine Sales-Tasting Room Wine Sales-Retail Outlets Wine Sales-Wholesale Gift Sho Net of Ex enses Room Rental Net of Expenses Cost of Goods Produced Gra es Packaging Lab supplies Owner labor Full time labor Part time labor Operating Expense Owner Labor Full time labor Part time labor Marketing Office Supplies Utilities
2007 Jan
Feb
March
A ril
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0 0 Jan
0 0 0 0 0 0 Feb
0 0 0 0 0 0 March
0 0 0 0 0 0 A ril
0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 1 0
Ma
0 0 0 0 0
0 0 0 0 0 0 Ma 0 0 0 0 0 0
June
July
Aug
Sept
Oct
Nov
Dec
Total
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
2 2 2 2 2
0 1 1 1 1
2 3 3 3 3
0 0 0 0 0 0 June
1 0 1 1 1 0 July
2 0 1 1 1 1 Aug
3 0 1 1 1 1 Sept
1 1 1 1 1 1 Oct
0 2 1 1 1 0 Nov
0 3 1 1 1 1 Dec
7 6 6 6 6 4 Total
1 1 0 1 0 0
1 1 1 2 1 1
1 1 1 3 0 2
1 1 0 4 0 3
1 1 0 5 1 4
1 1 0 5 0 5
1 1 0 5 1 5
7 7 2 25 4 20
11:43 PM
45
Monthly Cash Flow
A
C
D
E
F
G
H
I
J
K
L
M
N
The method used to allocate Income & Expense to a month is based on a sum of the digits. In the areas in Yellow enter a number that you think will best represent the portion of the annual income or expense that would occur in that month. Complete the task for each month in Start Up and Year 1. The sum of each row is shown in the Total for the Year. The spreadsheet will distribute the annual income & expense based on the percentage created in each month. Note: The Total Start Up must have contain a number greater than 0 in all rows.
58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94
B
Monthly Income & Expense Allocation
2007 Jan
Feb
March
A ril
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0 0 Jan
0 0 0 0 0 0 Feb
0 0 0 0 0 0 March
0 0 0 0 0 0 A ril
Operating Expense Owner Labor Full time labor Part time labor Marketing Office Supplies Utilities Phone Fuel for vehicle Taxes & Dues Le al Fees Outside Accountin Miscellaneous
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 1 0 0 0 0 0 0 0
Fixed Expense Insurance Pro ert Tax Repairs & Maintenance
0 0 0
0 0 0
0 0 0
0 0 0
Revenue Wine Sales-Tasting Room Wine Sales-Retail Outlets Wine Sales-Wholesale Gift Sho Net of Ex enses Room Rental Net of Expenses Cost of Goods Produced Gra es Packaging Lab supplies Owner labor Full time labor Part time labor
June
July
Aug
Sept
Oct
Nov
Dec
Total
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
2 2 2 2 2
0 1 1 1 1
2 3 3 3 3
0 0 0 0 0 0 June
1 0 1 1 1 0 July
2 0 1 1 1 1 Aug
3 0 1 1 1 1 Sept
1 1 1 1 1 1 Oct
0 2 1 1 1 0 Nov
0 3 1 1 1 1 Dec
7 6 6 6 6 4 Total
0 0 0 0 0 0 0 0 0 0 0 0
1 1 0 1 0 0 0 0 0 0 0 0
1 1 1 2 1 1 1 1 0 1 1 1
1 1 1 3 0 2 1 1 0 0 0 0
1 1 0 4 0 3 1 1 0 0 0 0
1 1 0 5 1 4 1 1 1 1 1 1
1 1 0 5 0 5 1 1 1 0 0 0
1 1 0 5 1 5 1 1 0 0 0 0
7 7 2 25 4 20 6 6 2 2 2 2
0 0 0
0 0 0
1 0 1
0 0 1
0 1 1
1 0 1
0 0 1
1 1 1
3 2 6
Ma
0 0 0 0 0
0 0 0 0 0 0 Ma
Information In Yellow can be changed by entering a new number. Copyright © Iowa State University Extension 2005
11/5/2012
11:43 PM
Monthly Cash Flow
A
P
Q
R
S
T
U
V
W
X
Y
Z
AA
The method used to allocate Income & Expense to a month is based on a sum of the digits. In the areas in Yellow enter a number that you think will best represent the portion of the annual income or expense that would occur in that month. Complete the task for each month in Start Up and Year 1. The sum of each row is shown in the Total for the Year. The spreadsheet will distribute the annual income & expense based on the percentage created in each month. Note: The Total Year 1 must have contain a number greater than 0 in all rows.
58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83
O
Monthly Income & Expense Allocation Revenue Wine Sales-Tasting Room Wine Sales-Retail Outlets Wine Sales-Wholesale Gift Sho Net of Ex enses Room Rental Net of Expenses Cost of Goods Produced Gra es Packaging Lab supplies Owner labor Full time labor Part time labor Operating Expense Owner Labor Full time labor Part time labor Marketing Office Supplies Utilities
2008 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Total
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
2 2 2 2 2
2 2 2 2 2
3 3 3 3 3
4 4 4 4 4
5 5 5 5 5
4 4 4 4 4
3 3 3 3 3
2 2 2 2 2
4 4 4 4 4
32 32 32 32 32
0 2 2 2 2 2 Jan
0 2 2 2 2 2 Feb
0 1 1 1 1 1 Mar
0 0 0 0 0 0 Apr
0 0 0 0 0 0 May
0 0 0 0 0 0 June
1 0 0 0 0 0 July
2 0 0 0 0 0 Aug
3 0 0 0 0 0 Sept
2 3 3 3 3 3 Oct
0 4 4 4 4 4 Nov
0 5 5 5 5 5 Dec
8 17 17 17 17 17 Total
1 1 1 3 1 2
1 1 1 3 0 2
1 1 1 3 0 2
1 1 1 4 1 2
1 1 1 5 0 1
1 1 1 6 0 1
1 1 1 7 1 1
1 1 1 7 0 2
1 1 1 4 0 3
1 1 1 3 1 4
1 1 1 3 0 5
1 1 1 3 0 4
12 12 12 51 4 29
46
Monthly Cash Flow
A
O
Q
R
S
T
U
V
W
X
Y
Z
AA
The method used to allocate Income & Expense to a month is based on a sum of the digits. In the areas in Yellow enter a number that you think will best represent the portion of the annual income or expense that would occur in that month. Complete the task for each month in Start Up and Year 1. The sum of each row is shown in the Total for the Year. The spreadsheet will distribute the annual income & expense based on the percentage created in each month. Note: The Total Year 1 must have contain a number greater than 0 in all rows.
58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94
P
Monthly Income & Expense Allocation
2008 Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Total
1 1 1 1 1
1 1 1 1 1
1 1 1 1 1
2 2 2 2 2
2 2 2 2 2
3 3 3 3 3
4 4 4 4 4
5 5 5 5 5
4 4 4 4 4
3 3 3 3 3
2 2 2 2 2
4 4 4 4 4
32 32 32 32 32
0 2 2 2 2 2 Jan
0 2 2 2 2 2 Feb
0 1 1 1 1 1 Mar
0 0 0 0 0 0 Apr
0 0 0 0 0 0 May
0 0 0 0 0 0 June
1 0 0 0 0 0 July
2 0 0 0 0 0 Aug
3 0 0 0 0 0 Sept
2 3 3 3 3 3 Oct
0 4 4 4 4 4 Nov
0 5 5 5 5 5 Dec
8 17 17 17 17 17 Total
Operating Expense Owner Labor Full time labor Part time labor Marketing Office Supplies Utilities Phone Fuel for vehicle Taxes & Dues Le al Fees Outside Accountin Miscellaneous
1 1 1 3 1 2 1 1 1 1 1 1
1 1 1 3 0 2 1 1 0 0 0 0
1 1 1 3 0 2 1 1 0 0 0 0
1 1 1 4 1 2 1 1 1 1 1 1
1 1 1 5 0 1 1 1 0 0 0 0
1 1 1 6 0 1 1 1 0 0 0 0
1 1 1 7 1 1 1 1 1 1 1 1
1 1 1 7 0 2 1 1 0 0 0 0
1 1 1 4 0 3 1 1 0 0 0 0
1 1 1 3 1 4 1 1 1 1 1 1
1 1 1 3 0 5 1 1 0 0 0 0
1 1 1 3 0 4 1 1 0 0 0 0
12 12 12 51 4 29 12 12 4 4 4 4
Fixed Expense Insurance Pro ert Tax Repairs & Maintenance
1 0 1
0 0 1
0 1 1
1 0 1
0 0 1
0 0 1
1 0 1
0 0 1
0 1 1
1 0 1
0 0 1
0 0 1
4 2 12
Revenue Wine Sales-Tasting Room Wine Sales-Retail Outlets Wine Sales-Wholesale Gift Sho Net of Ex enses Room Rental Net of Expenses Cost of Goods Produced Gra es Packaging Lab supplies Owner labor Full time labor Part time labor
Information In Yellow can be changed by entering a new number. Copyright © Iowa State University Extension 2005
11/5/2012
Ten Year Balance Sheet Income Statement % Change in Accounts C
D
E
F
G
H
I
J
K
L
1 Balance Sheet
B
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2 Assets 3 Cash 4 Wine Inventory@Cost
$345,332 $170,723
$376,146 $233,706
$543,549 $287,407
$789,315 $304,784
$996,352 $322,774
$1,226,247 $352,885
$1,670,484 $325,570
$1,986,625 $332,918
$2,334,155 $340,487
$2,672,171 $348,283
5 Building & Equipment
$1,516,223
$1,516,223
$1,516,223
$1,516,223
$1,516,223
$1,516,223
$1,516,223
$1,516,223
$1,516,223
$1,516,223
6 Less Depreciation
($94,583)
($189,166)
($283,749)
($377,499)
($471,249)
($556,399)
($641,549)
($668,056)
($694,556)
($721,056)
7 Land Value 8 Land Appreciation
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
9 Total Assets
$2,037,695
$2,036,909
$2,163,431
$2,332,824
$2,464,100
$2,638,956
$2,970,728
$3,267,711
$3,596,309
$3,915,621
10 Liabilities & Equity 11 Term Debt 12 Stockholders Equity
$1,215,540 $822,155
$1,098,145 $938,764
$971,355 $1,192,076
$834,411 $1,498,413
$686,491 $1,777,609
$526,709 $2,112,248
$469,576 $2,501,152
$408,167 $2,859,544
$386,416 $3,209,892
$363,382 $3,552,239
13 Total Liabilities & Equity
$2,037,695
$2,036,909
$2,163,431
$2,332,824
$2,464,100
$2,638,956
$2,970,728
$3,267,711
$3,596,309
$3,915,621
14 Annual Income & Expense 15 Total Revenue
$75,000
$723,000
$900,430
$1,069,181
$1,124,373
$1,200,608
$1,311,647
$1,219,332
$1,220,944
$1,222,605
16 Total Cost of Goods Sold
$26,265
$196,988
$233,706
$287,407
$304,784
$322,774
$352,885
$325,570
$332,918
$340,487
17 Gross Profit
$48,735
$526,012
$666,724
$781,773
$819,588
$877,834
$958,762
$893,762
$888,026
$882,118
$148,997 $98 583
$186,382 $223 021
$199,741 $213 671
$212,802 $202 757
$220,323 $191 895
$229,039 $171 576
$239,642 $163 189
$240,230 $100 565
$245,669 $98 470
$251,272 $98 138
18 Total Operating Expense 19 Total Fixed Costs
11:43 PM
47
Ten Year Balance Sheet Income Statement % Change in Accounts C
D
E
F
G
H
I
J
K
L
1 Balance Sheet
B
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2 Assets 3 Cash 4 Wine Inventory@Cost
$345,332 $170,723
$376,146 $233,706
$543,549 $287,407
$789,315 $304,784
$996,352 $322,774
$1,226,247 $352,885
$1,670,484 $325,570
$1,986,625 $332,918
$2,334,155 $340,487
$2,672,171 $348,283
5 Building & Equipment
$1,516,223
$1,516,223
$1,516,223
$1,516,223
$1,516,223
$1,516,223
$1,516,223
$1,516,223
$1,516,223
$1,516,223
6 Less Depreciation
($94,583)
($189,166)
($283,749)
($377,499)
($471,249)
($556,399)
($641,549)
($668,056)
($694,556)
($721,056)
7 Land Value 8 Land Appreciation
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
$100,000 $0
9 Total Assets
$2,037,695
$2,036,909
$2,163,431
$2,332,824
$2,464,100
$2,638,956
$2,970,728
$3,267,711
$3,596,309
$3,915,621
10 Liabilities & Equity 11 Term Debt 12 Stockholders Equity
$1,215,540 $822,155
$1,098,145 $938,764
$971,355 $1,192,076
$834,411 $1,498,413
$686,491 $1,777,609
$526,709 $2,112,248
$469,576 $2,501,152
$408,167 $2,859,544
$386,416 $3,209,892
$363,382 $3,552,239
13 Total Liabilities & Equity
$2,037,695
$2,036,909
$2,163,431
$2,332,824
$2,464,100
$2,638,956
$2,970,728
$3,267,711
$3,596,309
$3,915,621
14 Annual Income & Expense 15 Total Revenue
$75,000
$723,000
$900,430
$1,069,181
$1,124,373
$1,200,608
$1,311,647
$1,219,332
$1,220,944
$1,222,605
16 Total Cost of Goods Sold
$26,265
$196,988
$233,706
$287,407
$304,784
$322,774
$352,885
$325,570
$332,918
$340,487
17 Gross Profit
$48,735
$526,012
$666,724
$781,773
$819,588
$877,834
$958,762
$893,762
$888,026
$882,118
$148,997 $98,583
$186,382 $223,021
$199,741 $213,671
$212,802 $202,757
$220,323 $191,895
$229,039 $171,576
$239,642 $163,189
$240,230 $100,565
$245,669 $98,470
$251,272 $98,138
20 Total Operational and Fixed Expenses
$247,580
$409,403
$413,412
$415,559
$412,218
$400,615
$402,831
$340,795
$344,139
$349,410
21 Taxable Income
($198,845)
$116,609
$253,312
$366,214
$407,370
$477,218
$555,931
$552,968
$543,887
$532,707
18 Total Operating Expense 19 Total Fixed Costs
Copyright © Iowa State University Extension 2005
11/5/2012
Ten Year Balance Sheet Income Statement % Change in Accounts B
C
D
E
F
G
H
I
J
K
L
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
22 23 24 25 26 27 28
Percentage Change in Accounts Assets Cash & Equivalents Inventory Total Current (Assets) Fixed Assets (net)
29 Total Assets 30 Liabilities 31 Long Term Debt 32 Net Worth 33 Total Liabilities & Net Worth
16.9% 8.4% 25.3% 74.7%
18.5% 11.5% 29.9% 70.1%
25.1% 13.3% 38.4% 61.6%
33.8% 13.1% 46.9% 53.1%
40.4% 13.1% 53.5% 46.5%
46.5% 13.4% 59.8% 40.2%
56.2% 11.0% 67.2% 32.8%
60.8% 10.2% 71.0% 29.0%
64.9% 9.5% 74.4% 25.6%
68.2% 8.9% 77.1% 22.9%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
59.7% 40.3%
53.9% 46.1%
44.9% 55.1%
35.8% 64.2%
27.9% 72.1%
20.0% 80.0%
15.8% 84.2%
12.5% 87.5%
10.7% 89.3%
9.3% 90.7%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0% 65.0% 198.7% -133.7% 131.4%
100.0% 72.8% 25.8% 47.0% 30.8%
100.0% 74.0% 22.2% 51.9% 23.7%
100.0% 73.1% 19.9% 53.2% 19.0%
100.0% 72.9% 19.6% 53.3% 17.1%
100.0% 73.1% 19.1% 54.0% 14.3%
100.0% 73.1% 18.3% 54.8% 12.4%
100.0% 73.3% 19.7% 53.6% 8.2%
100.0% 72.7% 20.1% 52.6% 8.1%
100.0% 72.2% 20.6% 51.6% 8.0%
-265.1%
16.1%
28.1%
34.3%
36.2%
39.7%
42.4%
45.4%
44.5%
43.6%
34 35 36 37 38 39 40
Income Data Net Sales Gross Profit Operating Expenses Operating Profit All Other Expenses (net)
41 Profit Before Taxes 42
11:43 PM
48
Ten Year Balance Sheet Income Statement % Change in Accounts B
C
D
E
F
G
H
I
J
K
L
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
22 23 24 25 26 27 28
Percentage Change in Accounts Assets Cash & Equivalents Inventory Total Current (Assets) Fixed Assets (net)
29 Total Assets
16.9% 8.4% 25.3% 74.7%
18.5% 11.5% 29.9% 70.1%
25.1% 13.3% 38.4% 61.6%
33.8% 13.1% 46.9% 53.1%
40.4% 13.1% 53.5% 46.5%
46.5% 13.4% 59.8% 40.2%
56.2% 11.0% 67.2% 32.8%
60.8% 10.2% 71.0% 29.0%
64.9% 9.5% 74.4% 25.6%
68.2% 8.9% 77.1% 22.9%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
59.7% 40.3%
53.9% 46.1%
44.9% 55.1%
35.8% 64.2%
27.9% 72.1%
20.0% 80.0%
15.8% 84.2%
12.5% 87.5%
10.7% 89.3%
9.3% 90.7%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0% 65.0% 198.7% -133.7% 131.4%
100.0% 72.8% 25.8% 47.0% 30.8%
100.0% 74.0% 22.2% 51.9% 23.7%
100.0% 73.1% 19.9% 53.2% 19.0%
100.0% 72.9% 19.6% 53.3% 17.1%
100.0% 73.1% 19.1% 54.0% 14.3%
100.0% 73.1% 18.3% 54.8% 12.4%
100.0% 73.3% 19.7% 53.6% 8.2%
100.0% 72.7% 20.1% 52.6% 8.1%
100.0% 72.2% 20.6% 51.6% 8.0%
-265.1%
16.1%
28.1%
34.3%
36.2%
39.7%
42.4%
45.4%
44.5%
43.6%
30 Liabilities 31 Long Term Debt 32 Net Worth 33 Total Liabilities & Net Worth 34 35 36 37 38 39 40
Income Data Net Sales Gross Profit Operating Expenses Operating Profit All Other Expenses (net)
41 Profit Before Taxes 42
Copyright © Iowa State University Extension 2005
11/5/2012
Ten Year Balance Sheet Income Statement % Change in Accounts
43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69
B Annual Depreciation by Year Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total Annual Depreciation Land Value Annual Appreciation Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total Land Value Appreciation
C
D
E
F
G
H
I
J
2007 $94,583 $0 $0 $0 $0 $0 $0 $0 $0 $0 $94,583
2008 $94,583 $0 $0 $0 $0 $0 $0 $0 $0 $0 $94,583
2009 $94,583 $0 $0 $0 $0 $0 $0 $0 $0 $0 $94,583
2010 $93,750 $0 $0 $0 $0 $0 $0 $0 $0 $0 $93,750
2011 $93,750 $0 $0 $0 $0 $0 $0 $0 $0 $0 $93,750
2012 $85,150 $0 $0 $0 $0 $0 $0 $0 $0 $0 $85,150
2013 $85,150 $0 $0 $0 $0 $0 $0 $0 $0 $0 $85,150
2007 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2008 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2009 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2010 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2011 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2012 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2013 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
K 2014 $26,507 $0 $0 $0 $0 $0 $0 $0 $0 $0 $26,507
2014 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
L 2015 $26,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $26,500
2015 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2016 $26,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $26,500
2016 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
11:43 PM
49
Ten Year Balance Sheet Income Statement % Change in Accounts
43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70
B Annual Depreciation by Year Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total Annual Depreciation Land Value Annual Appreciation Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total Land Value Appreciation
C
D
E
F
G
H
I
J
2007 $94,583 $0 $0 $0 $0 $0 $0 $0 $0 $0 $94,583
2008 $94,583 $0 $0 $0 $0 $0 $0 $0 $0 $0 $94,583
2009 $94,583 $0 $0 $0 $0 $0 $0 $0 $0 $0 $94,583
2010 $93,750 $0 $0 $0 $0 $0 $0 $0 $0 $0 $93,750
2011 $93,750 $0 $0 $0 $0 $0 $0 $0 $0 $0 $93,750
2012 $85,150 $0 $0 $0 $0 $0 $0 $0 $0 $0 $85,150
2013 $85,150 $0 $0 $0 $0 $0 $0 $0 $0 $0 $85,150
2007 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2008 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2009 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2010 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2011 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2012 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2013 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
K 2014 $26,507 $0 $0 $0 $0 $0 $0 $0 $0 $0 $26,507
L 2015 $26,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $26,500
2014 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Copyright © Iowa State University Extension 2005
2015 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
2016 $26,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $26,500
2016 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
11/5/2012
Instructions to Use the Program and Assumptions Used
Winery Ten Year Financial Planning Workbook Funding for this Project was provided by the following: Leopold Center for Sustainable Agriculture
www.leopold.iastate.edu
Agricultural Marketing Resource Center
www.agmrc.org
Iowa State University Extension
www.extension.iastate.edu
The Winery Ten Year Financial Planning Workbook has been created to aid in the development of a business plan. The worksheet assumes the user has a good understanding of wine production, marketing, management and accounting principals. Any results developed by the worksheet should be reviewed by a Certified Public Account for any errors in calculation or assumptions of the user. Iowa State University assumes no liabilities or guarantees of the success or failure of any business that uses the Winery Ten Year Financial Planning Worksheet as a decision tool in the start of .the business.
11:43 PM
50
Instructions to Use the Program and Assumptions Used
Winery Ten Year Financial Planning Workbook Funding for this Project was provided by the following: Leopold Center for Sustainable Agriculture
www.leopold.iastate.edu
Agricultural Marketing Resource Center
www.agmrc.org
Iowa State University Extension
www.extension.iastate.edu
The Winery Ten Year Financial Planning Workbook has been created to aid in the development of a business plan. The worksheet assumes the user has a good understanding of wine production, marketing, management and accounting principals. Any results developed by the worksheet should be reviewed by a Certified Public Account for any errors in calculation or assumptions of the user. Iowa State University assumes no liabilities or guarantees of the success or failure of any business that uses the Winery Ten Year Financial Planning Worksheet as a decision tool in the start of .the business. The workbook is built using Microsoft Office Excel 2003. The workbook is made up of eight worksheets. Data entered in one worksheet may be linked to other worksheets. Calculations flow through the worksheets automatically. Save often to protect the information entered. Created by: Craig Tordsen Agricultural Marketing Resource Center Iowa State University Extension 167 Heady Hall Ames, IA 50011 Phone: 515-294-1938 E-mail:
[email protected]
Important Instruction: Data can be entered in any box in this workbook colored in Yellow (except this one). The data may be text or numbers. Data can be changed any time. Any changes in numbers will change the results of calculations through out the workbook. All other cells in the workbook are password protected and can not be accessed. Step 1
Instructions and Assumptions A Start by printing and reading the Instructions and Assumptions. This worksheet is your only
help or instruction manual for the workbook. Excel help can still be found in the usual place.
B When complete go to the next step. Step 2
The workbook is populated with example data of a winery that will produce about 20,000 gallons of wine a year. Bottles of wine, not cases, is the unit of measure. The income and expense per bottle of wine is assumed to represent the average of all bottles of wine to be produced. No effort was made to keep an inventory of different types of wine, market value, etc. Most data is straight forward in the type of information needed to populate any given cell that has a yellow background. Change the data in a cell or set of cells and see how the changes will effect the rest of the workbook. When ready to start entering new data, delete the old data and begin by entering new data by following the steps below.
Step 3
Cover A Enter the company name in the top yellow box, a description of the document in the second box and other information in the third box. When complete go to the next step.
Step 4
Table of Contents
Instructions to Use the Program and Assumptions Used A Review the table of contents.
Instructions to Use the Program and Assumptions Used Step 5
Sources and Uses of Cash
Line
A The business will need a large pool of money to buy land, buildings and equipment as well as cash to begin operations. Just how much money will depend on the data entered in the Annual and Asset worksheets.
B For now, enter an estimated amount of money needed in cell F15. Assume for each 1,000
15
gallons of wine making capacity a capital need of $50,000. Then double the amount.
C Later , after completion of Step 6, return to this Step 5 to adjust the amount of cash needed and from what Source of Cash.
E Note: The program can accommodate up to three term loans. Data entered on lines 28, 29
28-30
and 30 will populate the Amortization Tables, Annual and Monthly worksheets.
F Check the data entered in this step. W hen complete go to the next Step. Step 6
Annual A Note: The first year on the cash flow will represent a partial year of operations. Income and expense items will not reflect a full year of business. The second year will be more representative of the business.
B The main business of the winery will be to market wine, Detailed information is needed to
6-7
populate the income and expenses related to wine. But not for related income sources like a gift shop or room rental. Enter a net dollar amount assuming all expenses have been paid out of the gross receipts of the gifts or room rental. The name of the related income center can be changed.
C Note: Including Inflation Factors in planning future Income and Expense. Expect inflation to raise the Price per Bottle, Operating Expense and some Fixed Expenses. Budget 1 to 4 percent increase for expenses and income per year.
D Estimate the cost of Operating and Fixed Expenses on lines 34-42 and 45-47. Enter a new
name for the expense item if the example is different than the actual. Enter the costs for each year.
34-42 45-47
Hint: Excel formulas can be created to increase the next years costs by a percentage to make data entry faster. Look at the Annual worksheet row six, cell D6 The amount in this sell is the result of the following formula. =SUM(C6+(C6*0.03)) The result in D6 is equal to the amount in C6 plus three percent of C6. To learn more about Excel formulas use the Help button.
E Interest Expense Lines 48-52 and Principal Payments on Loans lines 70-74: This data is the
48-52 70-74
F Depreciation Expense (Line 53) and Building & Equipment (Line 80): This data is the result of
53 80
result of information entered on the Sources and Uses of Cash worksheet lines 28-30. Return to Step 5 as needed to adjust values based on the business needs. information entered in the Asset worksheet. Go to Step 7 to complete this task. When done return to Step 6 Item G.
G Wine Inventory: Estimate the number of bottles of wine to be produced and sold each year on 138-139 lines 138 & 139. Remember wine takes time to age and there is a lot of wine on the market. Your wine will have to replace existing supply. It take time to build a market share. Go slow. Expect to reach maximum capacity in five or six years.
H Wine Revenue: The market for wine will occur in the winery, at other stores which have a
relationship with the winery like a local grocery store and through wholesale distributors. The bottle price at each market will be different. Enter the market price for each market on lines 143, 147, 151.
143 147 151
Instructions to Use the Program and Assumptions Used I Enter a percentage of sales that will occur in each market on lines 144,148 and 152. The
144 148 152
J Wine Promotion: Customers expect a taste before they buy. Experience says this tasting will
145 149 153
K Grape Purchase: The program assumes grapes will be purchased and crushed for juice. But
157 158 159
L Packaging: Enter a cost per unit for each item on lines 163-165.
163 164 165
total percentage should be 100%.
consume between 10 to 15 percent more wine than was sold. Enter a percentage for each year of the wine expected to be used for promotion on lines 145, 149 and 153.
if juice is purchased a conversion to a grape price must be made. Enter the price per ton of grapes on line 157, the conversion rate to gallons of juice on line 158 and the conversion to number of bottles per gallon on line 159.
M Labor: Labor is estimated as an annual cost for each skill level and broken down into Owner Operator, Full Time and Part Time. Enter the annual labor cost on lines 170, 177-180 and 186-190. Note: The type or description of the worker can be entered on lines 176-180 and 186-190.
170 177-180 186-190
N
Labor is also allocated by a percentage as a Cost of Goods Produced and Operating Expense. Enter a percentage for each labor group on lines 172,182 and 192.
172 182 192
O
Lab Supplies: Enter an estimated cost per bottle for lab supplies on line 196.
196
P
Dividend or Income Tax Percentage: It is assumed that as long as the Taxable Income shows a loss there will be no Dividend or Income Tax paid.. A loss is carried forward until there is a positive Income. The amount paid will occur in the year following the positive income. enter a percentage on line 198 to pay the estimated dividend or tax.
198
Q
Labor Overhead: Often missed in developing a financial plan is the hidden costs of labor. Payroll taxes, Workman's Compensation Insurance, and Health Insurance costs can mount up quickly. Enter a percentage for each type of labor on lines 201-207.
R Adjusting the Beginning Cash Balance: Review the Beginning and Ending Cash Balance on lines 62 and 75. To change the Beginning cash, retune to Step 5 to adjust the Sources and Uses of Cash worksheet to meet the business needs.
S
Note: Midwest lenders and investors will not have much, if any, experience with a winery business. Therefore their approach will be conservative. Lenders want to see Stockholders Equity to be at least 40 percent, preferable 50 percent for a new start up business. Also most businesses fail because of to little money to meet unforeseen problems in the first year of operation. If the business is a good idea, invest the extra 10 to 20 percent in the beginning. It is easier to go to the banker for more money if the investors have shown greater commitment.
T
Check the data entered in this step. W hen complete go to the next Step.
A
The Assets worksheet is a listing of all the assets the business will own and asset life in years. Assets can now be purchased in later years. There are ten yearly sections. For each asset in the categories below enter in the year of purchase.
Step 7
201-207
62 75 87
Assets
Receiving Equipment
3-16
Fermentation/Storage Tanks
20-33
Cooperage
38-48
Refrigeration Equipment
52-66
Cellar Equipment
71-107
Lab equipment
112-137
