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10 Year Cash Flow
Balance Sheet
Income Statement
Loan Amortization

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Copyright Iowa State University Extension 2005

11/5/2012 11:43 PM 1

Table of Contents

Page
Cover

Table of Contents

Sources and Uses of Cash

Annual Cash Flow

4-11

Assets & Depreciation

12-41

Monthly Cash Flow

42-47

Ten Year Analysis

48-50

Instructions and Assumptions

51-54

Copyright Iowa State University Extension 2005

1
2
3
4

A
Sources of Cash

B Sources

C Uses of Cash
D
and

Information in Yellow represents the source value and can be changed by entering a new description, new dollar amount,
number or percentage.
Set the year the business will start to spend money on fixed and operating 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. Enter the year that 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

Price
$6,000
$0
$0

133
0
0

2007

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
Wells 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

$123,000
$100,000
$0
$0
$223,000
Payments per
Year must be
12
12
12
12

Start Date of
Loan must be
Jan. 1, Year 2
Jan 1, Year 2
Jan 1, Year 2
Jan 1, Year 2
1/1/2008
1/2/2008
1/3/2008

Copyright Iowa State University Extension 2005

Loan Amount
$530,000
$228,112
$457,428
$1,215,540
$2,236,540

11/5/2012

11:43 PM

Annual Cash Flow Projection


1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

A
Annual Income & Expense
Revenue
Wine Sales-Tasting Room
Wine Sales-Retail Outlets
Wine Sales-Wholesale
Gift Shop Net of Expenses
Room Rental Net of Expenses
Total Revenue
Cost of Goods Produced
Grapes
Packaging
Lab supplies
Owner labor
Full time labor
Part time labor
Total Cost of Goods Produced
Beginning of Year Inventory
Less Cost of Goods Sold
End of Year Inventory
Bottles of Wine Inventory
Beginning Inventory
Production

23 Less Bottles Consumed


Ending Bottles
Wineof
Inventory
24 Average
Cost PerofBottle
Ending
25 Inventory
26
27 Total Cost of Goods Sold
28 Gross Profit

B
2007

C
2008

D
2009

E
2010

$75,000
$0
$0
$0
$0
$75,000

$528,000
$150,000
$0
$20,000
$25,000
$723,000

$718,080
$869,440
$136,000
$152,000
$0
$0
$20,600
$21,218
$25,750
$26,523
$900,430 $1,069,181

$60,000
$93,750
$3,075
$627
$37,167
$2,370
$196,988
$0
$26,265
$170,723

$68,000
$109,438
$3,590
$627
$74,334
$3,983
$259,971
$170,723
$196,988
$233,706

$76,000
$125,982
$4,132
$627
$76,564
$4,103
$287,407
$233,706
$233,706
$287,407

0
75,000

65,000
85,000

10,000

75,000

F
2011

G
2012

H
2013

I
2014

J
2015

K
2016

$915,200
$160,000
$0
$21,855
$27,318
$1,124,373

$960,960
$189,000
$0
$22,510
$28,138
$1,200,608

$1,052,480
$207,000
$0
$23,185
$28,982
$1,311,647

$985,600
$180,000
$0
$23,881
$29,851
$1,219,332

$985,600
$180,000
$0
$24,597
$30,747
$1,220,944

$985,600
$180,000
$0
$25,335
$31,669
$1,222,605

$80,000
$136,591
$4,480
$627
$78,861
$4,226
$304,784
$287,407
$287,407
$304,784

$84,000
$147,723
$4,845
$627
$81,227
$4,352
$322,774
$304,784
$304,784
$322,774

$92,000
$166,646
$5,466
$627
$83,664
$4,483
$352,885
$322,774
$322,774
$352,885

$80,000
$149,257
$4,896
$627
$86,174
$4,618
$325,570
$352,885
$352,885
$325,570

$80,000
$153,734
$5,042
$627
$88,759
$4,756
$332,918
$325,570
$325,570
$332,918

$80,000
$158,346
$5,194
$627
$91,422
$4,899
$340,487
$332,918
$332,918
$340,487

$80,000
$163,097
$5,350
$627
$94,164
$5,046
$348,283
$340,487
($340,487)
$348,283

75,000
95,000

85,000
100,000

90,000
105,000

95,000
115,000

105,000
100,000

90,000
100,000

90,000
100,000

90,000
100,000

85,000

95,000

100,000

105,000

115,000

100,000

100,000

100,000

65,000

75,000

85,000

90,000

95,000

105,000

90,000

90,000

90,000

90,000

$2.627

$2.749

$3.025

$3.048

$3.074

$3.069

$3.256

$3.329

$3.405

$3.483

$26,265
$48,735

$196,988
$526,012

$233,706
$666,724

$287,407
$781,773

$304,784
$819,588

$322,774
$877,834

$352,885
$958,762

$325,570
$893,762

$332,918
$888,026

$340,487
$882,118

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

11:43 PM

Annual Cash Flow Projection


A
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
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
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 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

2007
$627
$37,167
$13,428
$50,000
$1,500
$3,500
$2,500
$2,000
$775
$30,000
$2,500
$5,000
$148,997

2008
$627
$74,334
$22,571
$36,150
$1,500
$7,000
$5,000
$4,000
$17,700
$5,000
$2,500
$10,000
$186,382

2009
$627
$76,564
$23,248
$45,022
$1,545
$7,210
$5,150
$4,120
$18,231
$5,150
$2,575
$10,300
$199,741

2010
$627
$78,861
$23,946
$53,459
$1,591
$7,426
$5,305
$4,244
$18,778
$5,305
$2,652
$10,609
$212,802

$4,000
$0
$0

$8,000
$25,000
$14,216

$8,240
$25,750
$13,271

$0
$0
$0
$0
$94,583
$98,583

$30,095
$17,334
$33,793
$81,222
$94,583
$223,021

$247,580
($198,845)
$0
($198,845)
$0
($198,845)

F
2011

$627
$81,227
$24,664
$56,219
$1,639
$7,649
$5,464
$4,371
$19,341
$5,464
$2,732
$10,927
$220,323

2012
$627
$83,664
$25,404
$60,030
$1,688
$7,879
$5,628
$4,502
$19,922
$5,628
$2,814
$11,255
$229,039

2013
$627
$86,174
$26,166
$65,582
$1,739
$8,115
$5,796
$4,637
$20,519
$5,796
$2,898
$11,593
$239,642

2014
$627
$88,759
$26,951
$60,967
$1,791
$8,358
$5,970
$4,776
$21,135
$5,970
$2,985
$11,941
$240,230

2015
$627
$91,422
$27,759
$61,047
$1,845
$8,609
$6,149
$4,919
$21,769
$6,149
$3,075
$12,299
$245,669

2016
$627
$94,164
$28,592
$61,130
$1,900
$8,867
$6,334
$5,067
$22,422
$6,334
$3,167
$12,668
$251,272

$8,487
$26,523
$12,325

$8,742
$27,318
$11,387

$9,004
$28,138
$10,450

$9,274
$28,982
$9,598

$9,552
$29,851
$8,747

$9,839
$30,747
$8,482

$10,134
$31,669
$8,217

$29,236
$15,231
$27,360
$71,827
$94,583
$213,671

$28,326
$12,954
$20,393
$61,673
$93,750
$202,757

$27,362
$10,488
$12,848
$50,698
$93,750
$191,895

$26,341
$7,817
$4,677
$38,835
$85,150
$171,576

$25,260
$4,925
$0
$30,185
$85,150
$163,189

$24,115
$1,793
$0
$25,908
$26,507
$100,565

$22,902
$0
$0
$22,902
$26,500
$98,470

$21,618
$0
$0
$21,618
$26,500
$98,138

$409,403
$116,609
($198,845)
($82,236)

$413,412
$253,312
($82,236)
$171,076

$415,559
$366,214
$0
$366,214

$412,218
$407,370
$0
$407,370

$400,615
$477,218
$0
$477,218

$402,831
$555,931
$0
$555,931

$340,795
$552,968
$0
$552,968

$344,139
$543,887
$0
$543,887

$349,410
$532,707
$0
$532,707

$0
($82,236)

$0
$171,076

$59,877
$306,337

$128,175
$279,196

$142,580
$334,639

$167,026
$388,905

$194,576
$358,392

$193,539
$350,348

$190,360
$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

11:43 PM

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
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92

Balance Sheet
Assets
Cash
Wine Inventory@Cost
Building & Equipment
Less Depreciation
Land Value
Land Appreciation
Total Assets
Liabilities & Equity
Term Debt
Stockholders Equity
Total Liabilities & Equity
Term Loan Balance
Wells Fargo-Building
Bank of Am. Equipment
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

2008

2009

2007

2010

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

$345,332
$170,723
$1,516,223
($94,583)
$100,000
$0
$2,037,695

$376,146
$233,706
$1,516,223
($189,166)
$100,000
$0
$2,036,909

$543,549
$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

$996,352
$322,774
$1,516,223
($471,249)
$100,000
$0
$2,464,100

$1,226,247
$352,885
$1,516,223
($556,399)
$100,000
$0
$2,638,956

$1,670,484
$325,570
$1,516,223
($641,549)
$100,000
$0
$2,970,728

$1,986,625
$332,918
$1,516,223
($668,056)
$100,000
$0
$3,267,711

$2,334,155
$340,487
$1,516,223
($694,556)
$100,000
$0
$3,596,309

$2,672,171
$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

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

11:43 PM

Annual Cash Flow Projection

94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117

A
Average Income & Expense Per
Bottle
Average Income Per Bottle
Consumed
Average Cost Per Unit of
Production
Grapes
Packaging
Lab supplies
Owner labor
Full time labor
Part time labor
Total Cost of Goods Produced
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

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

11:43 PM

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
Total Average Cost Per Unit of
Production or Break Even from
129 Wine Sales
Contribution to Average Cost or
130 Break Even from Gift Shop
Contribution to Average Cost or
131 Break Even from Room Rental
Total Average Cost Per Unit of
Production or Break Even from
Wine Sales including all Income
132 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

11:43 PM

Annual Cash Flow Projection


A
134
135
136
137
138
139
140
141
142
143

Annual Production, Income , Expense, and Dividend or Tax Calculations


2007
2008
2009
Wine Inventory
Wine Bottle Beginning Inventory
0
65,000
75,000
Bottles of Wine Produced in Year
75,000
85,000
95,000
Less Bottles Consumed
10,000
75,000
85,000
Wine Bottle Ending Inventory
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
% of Bottles given away at Retail
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 Cost of Juice/Bottle
161 Grapes Cost/Year
162 Packaging
163 Cost/Bottle
164 Cost/Cork
165 Cost/Capsules
166 Cost/Label
167 Packaging Cost/Bottle
168 Packaging Cost/Year

$10.00

$10.00

$12.00

2010

2011

2012

2013

2014

2015

2016

85,000
100,000
95,000
90,000

90,000
105,000
100,000
95,000

95,000
115,000
105,000
105,000

105,000
100,000
115,000
90,000

90,000
100,000
100,000
90,000

90,000
100,000
100,000
90,000

90,000
100,000
100,000
90,000

$13.00

$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
$0.80
$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
$0.80
$92,000

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
$0.80
$80,000

100,000
$600
150
5.0
$0.80
$80,000

$0.90
$0.30
$0.13
$0.12
$1.45
$166,646

$0.93
$0.31
$0.13
$0.12
$1.49
$149,257

$0.96
$0.32
$0.14
$0.12
$1.54
$153,734

$0.99
$0.33
$0.14
$0.13
$1.58
$158,346

$1.02
$0.34
$0.14
$0.13
$1.63
$163,097

$0.78
$0.26
$0.11
$0.10
$1.25
$93,750

$0.80
$0.27
$0.11
$0.10
$1.29
$109,438

$0.83
$0.28
$0.12
$0.11
$1.33
$125,982

$0.85
$0.28
$0.12
$0.11
$1.37
$136,591

$0.88
$0.29
$0.12
$0.11
$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

11:43 PM

Annual Cash Flow Projection


169
170
171
172
173
174
175
176
177
178
179
180

A
Owner Operator Labor
Owner
Overhead (See Line 189)
Owner Labor Percentage Allocation
to Cost of Goods Sold
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)


Full Time Labor Percentage
182 Allocation to Cost of Goods Sold
Full Time Labor Percentage
183 Allocation to Operations Expense
184 Total Full time labor

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

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%
$74,334

50%
$148,668

50%
$153,129

50%
$157,722

50%
$162,454

50%
$167,328

50%
$172,347

50%
$177,518

50%
$182,843

50%
$188,329

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

11:43 PM

10

Annual Cash Flow Projection


A
185
186
187
188
189
190
191

Part Time labor


Other
Press Operators(2)
Bottling Operators(2)
Warehouse Personal (1)
Customer Service(1)
Overhead (See Line 189)
Part Time Labor Percentage
192 Allocation to Cost of Goods Sold
Percentage Allocation to Operations
193 Expense
194 Total Part Time Labor
195 Lab supplies
196 Lab Supplies/Bottle
197 Total Lab Supplies/Year
198 Dividend or Income Tax %
199

200
201
202
203
204

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
$4,400
$3,900
$1,258

$0
$2,880
$3,360
$10,400
$7,800
$2,114

$0
$2,966
$3,461
$10,712
$8,034
$2,177

$0
$3,055
$3,565
$11,033
$8,275
$2,243

$0
$3,147
$3,672
$11,364
$8,523
$2,310

$0
$3,241
$3,782
$11,705
$8,779
$2,379

$0
$3,339
$3,895
$12,056
$9,042
$2,451

$0
$3,439
$4,012
$12,418
$9,314
$2,524

$0
$3,542
$4,132
$12,791
$9,593
$2,600

$0
$3,648
$4,256
$13,174
$9,881
$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
$3,590

$0.043
$4,132

$0.045
$4,480

$0.046
$4,845

$0.048
$5,466

$0.049
$4,896

$0.050
$5,042

$0.052
$5,194

$0.053
$5,350

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
will add to the total Annual wage.
Employers Share of Social Security Tax
Employers Share of Medicare
Management's Share (If they are the Owner) of Social Security Tax
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 cost is unknown.
206 Health Insurance (Estimated at 10% if true cost is unknown.)

Full Time
Labor
6.20%
1.45%

Owner
Operator

Part Time
Labor
6.20%
1.45%

12.40%
2.90%
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

11:43 PM

11

Asset List

A
1

Assets

2
3
4
5
6
7

Receiving Equipment
CMA Lugana 2RTL de-stemmer
SK-16 Wine Press (3 tons)
Reconditioned Fork Lift
Nutriflo Hose- 3.0"
Pallet jack

8
9
10
11
12
13
14
15
16
17
18
19

Rotator attachment-dumps grapes out of bins onto conveyor


Hopper
CMA 100 Elipitical lobe pump
Scale-Series 3200 Platform Scales

# Needed
1
1
1
100
1

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

$3,850

$0.00

$19,250

$6,500

$0.00

$32,500

$8,470

$0.00

$42,350

$9,130

$0.00

$18,260

$9,680

$0.00

$19,360

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


Fermentation/Storage Tanks

20 19.8HL 523 gallons-Variable capacity floating lid Tanks


40HL Tanks- 1585 gallons-Fixed capacity with cone top &
21 three man ways
60 HL Tanks-1585 gallons-Fixed capacity with cone top &
22 three man ways
80 HL Tanks-2114 gallons-Fixed capacity with 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

2007

Year Assets Purchased

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

7
7
7
7
7
7
7

$47,625

Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
Copyright Iowa State University Extension 2005

11/5/2012

11:43 PM

12

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

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
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
pH meter-Orion 525 AO w/ ATC probe& electrode
Microscope
Spectrometer
Gast vacuum pump and vacushield membrane
SO2 testing apparatus-A-O setup #2
Incubator
Small pressurized lab filter
Magnetic stirrer and bars
Refractometer-Handheld Brix model 45-02
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"

138 Total Lab Equipment

E
2007
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
1
1
1
1
1
1
1
1
1
8
2
1
1
1
1
1
1
1

$/unit
$1,383.00
$3,500.00
$3,000.00
$356.50
$315.00
$50.00
$50.00
$160.00
$161.24
$12.30
$4.30
$325.00
$925.00
$16.00
$295.90
$82.00
$25.00
$44.00

Plus
Shipping
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

Total Cost
$1,383
$3,500
$3,000
$357
$315
$50
$50
$160
$161
$98
$9
$325
$925
$16
$296
$82
$25
$44
$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

$10,796

Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
Copyright Iowa State University Extension 2005

11/5/2012

11:43 PM

13

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

# 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

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 Total Land
186

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

Annual Land
Appreciation
0.0%

$1,616,223

Information In Yellow can be changed by entering a new name, number, dollar amount or percentage.
Copyright Iowa State University Extension 2005

11/5/2012

11:43 PM

14

Asset List

Assets

2
3
4
5
6
7

Receiving Equipment

Year Assets Purchased


# Needed

$/unit

Plus
Shipping

2008
Total Cost
$0
$0
$0
$0
$0

8
9
10
11
12
13
14
15
16
17
18
19

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

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

Asset Life

$0
# Needed

$/unit

Plus
Shipping

Total Cost
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Asset Life

$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

15

Asset List

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

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

Asset Life

$0
$0
$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

16

Asset List

S
140
141

T
Other Equipment

Year Assets Purchased


# Needed

$/unit

Plus
Shipping

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
186

Land

187

Total Investment

Asset Life

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Building

Total Land

$0
$0
# Needed

Acres

$/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.
Copyright Iowa State University Extension 2005

Asset Life

Annual Land
Appreciation

$0

11/5/2012

11:43 PM

17

Asset List

AL

AM

Assets

2
3
4
5
6
7

Receiving Equipment

AN

AO

AP

Year Assets Purchased


# Needed

$/unit

Plus
Shipping

AQ

AR

2009
Total Cost
$0
$0
$0
$0
$0

8
9
10
11
12
13
14
15
16
17
18
19

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

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

Asset Life

$0
# Needed

$/unit

Plus
Shipping

Total Cost
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Asset Life

$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

18

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
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137

Lab equipment

138

Total Lab Equipment

AN

AO
AP
Year Assets Purchased

# Needed

$/unit

Plus
Shipping

$/unit

Plus
Shipping

AQ
2009

AR

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

Asset Life

$0
$0
$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

19

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
186

Land

187

Total Investment

Asset Life

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Building

Total Land

$0
$0
# Needed

Acres

$/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.
Copyright Iowa State University Extension 2005

Asset Life

Annual Land
Appreciation

$0

11/5/2012

11:43 PM

20

Asset List

BE

BF

Assets

2
3
4
5
6
7

Receiving Equipment

BG

BH

BI

Year Assets Purchased


# Needed

$/unit

Plus
Shipping

BJ

BK

2010
Total Cost
$0
$0
$0
$0
$0

8
9
10
11
12
13
14
15
16
17
18
19

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

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

Asset Life

$0
# Needed

$/unit

Plus
Shipping

Total Cost
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Asset Life

$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

21

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
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137

Lab equipment

138

Total Lab Equipment

BG

BH
BI
Year Assets Purchased

# Needed

$/unit

Plus
Shipping

$/unit

Plus
Shipping

BJ
2010

BK

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

Asset Life

$0
$0
$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

22

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
186

Land

187

Total Investment

Asset Life

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Building

Total Land

$0
$0
# Needed

Acres

$/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.
Copyright Iowa State University Extension 2005

Asset Life

Annual Land
Appreciation

$0

11/5/2012

11:43 PM

23

Asset List

BX

BY

Assets

2
3
4
5
6
7

Receiving Equipment

BZ

CA

CB

Year Assets Purchased


# Needed

$/unit

Plus
Shipping

CC

CD

2011
Total Cost
$0
$0
$0
$0
$0

8
9
10
11
12
13
14
15
16
17
18
19

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

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

Asset Life

$0
# Needed

$/unit

Plus
Shipping

Total Cost
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Asset Life

$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

24

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
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137

Lab equipment

138

Total Lab Equipment

BZ

CA
CB
Year Assets Purchased

# Needed

$/unit

Plus
Shipping

$/unit

Plus
Shipping

CC
2011

CD

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

Asset Life

$0
$0
$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

25

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
186

Land

187

Total Investment

Asset Life

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Building

Total Land

$0
$0
# Needed

Acres

$/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.
Copyright Iowa State University Extension 2005

Asset Life

Annual Land
Appreciation

$0

11/5/2012

11:43 PM

26

Asset List

CQ

CR

Assets

2
3
4
5
6
7

Receiving Equipment

CS

CT

CU

Year Assets Purchased


# Needed

$/unit

Plus
Shipping

CV

CW

2012
Total Cost
$0
$0
$0
$0
$0

8
9
10
11
12
13
14
15
16
17
18
19

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

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

Asset Life

$0
# Needed

$/unit

Plus
Shipping

Total Cost
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Asset Life

$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

27

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
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137

Lab equipment

138

Total Lab Equipment

CS

CT
CU
Year Assets Purchased

# Needed

$/unit

Plus
Shipping

$/unit

Plus
Shipping

CV
2012

CW

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

Asset Life

$0
$0
$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

28

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
186

Land

187

Total Investment

Asset Life

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Building

Total Land

$0
$0
# Needed

Acres

$/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.
Copyright Iowa State University Extension 2005

Asset Life

Annual Land
Appreciation

$0

11/5/2012

11:43 PM

29

Asset List

DJ

DK

Assets

2
3
4
5
6
7

Receiving Equipment

DL

DM

DN

Year Assets Purchased


# Needed

$/unit

Plus
Shipping

DO

DP

2013
Total Cost
$0
$0
$0
$0
$0

8
9
10
11
12
13
14
15
16
17
18
19

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

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

Asset Life

$0
# Needed

$/unit

Plus
Shipping

Total Cost
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Asset Life

$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

30

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
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137

Lab equipment

138

Total Lab Equipment

DL

DM
DN
Year Assets Purchased

# Needed

$/unit

Plus
Shipping

$/unit

Plus
Shipping

DO
2013

DP

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

Asset Life

$0
$0
$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

31

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
186

Land

187

Total Investment

Asset Life

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Building

Total Land

$0
$0
# Needed

Acres

$/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.
Copyright Iowa State University Extension 2005

Asset Life

Annual Land
Appreciation

$0

11/5/2012

11:43 PM

32

Asset List

EC

ED

Assets

2
3
4
5
6
7

Receiving Equipment

EE

EF

EG

Year Assets Purchased


# Needed

$/unit

Plus
Shipping

EH

EI

2014
Total Cost
$0
$0
$0
$0
$0

8
9
10
11
12
13
14
15
16
17
18
19

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

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

Asset Life

$0
# Needed

$/unit

Plus
Shipping

Total Cost
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Asset Life

$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

33

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
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137

Lab equipment

138

Total Lab Equipment

EE

EF
EG
Year Assets Purchased

# Needed

$/unit

Plus
Shipping

$/unit

Plus
Shipping

EH
2014

EI

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

Asset Life

$0
$0
$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

34

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
186

Land

187

Total Investment

Asset Life

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Building

Total Land

$0
$0
# Needed

Acres

$/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.
Copyright Iowa State University Extension 2005

Asset Life

Annual Land
Appreciation

$0

11/5/2012

11:43 PM

35

Asset List

EV

EW

Assets

2
3
4
5
6
7

Receiving Equipment

EX

EY

EZ

Year Assets Purchased


# Needed

$/unit

Plus
Shipping

FA

FB

2015
Total Cost
$0
$0
$0
$0
$0

8
9
10
11
12
13
14
15
16
17
18
19

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

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

Asset Life

$0
# Needed

$/unit

Plus
Shipping

Total Cost
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Asset Life

$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

36

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

Asset Life

$0
$0
$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

37

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
186

Land

187

Total Investment

Asset Life

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Building

Total Land

$0
$0
# Needed

Acres

$/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.
Copyright Iowa State University Extension 2005

Asset Life

Annual Land
Appreciation

$0

11/5/2012

11:43 PM

38

Asset List

FO

FP

Assets

2
3
4
5
6
7

Receiving Equipment

FQ

FR

FS

Year Assets Purchased


# Needed

$/unit

Plus
Shipping

FT

FU

2016
Total Cost
$0
$0
$0
$0
$0

8
9
10
11
12
13
14
15
16
17
18
19

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

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

Asset Life

$0
# Needed

$/unit

Plus
Shipping

Total Cost
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Asset Life

$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

39

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

Asset Life

$0
$0
$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.
Copyright Iowa State University Extension 2005

$0

11/5/2012

11:43 PM

40

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
186

Land

187

Total Investment

Asset Life

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Building

Total Land

$0
$0
# Needed

Acres

$/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.
Copyright Iowa State University Extension 2005

Asset Life

Annual Land
Appreciation

$0

11/5/2012

11:43 PM

41

Monthly Cash Flow

2007

1
Jan
$2,236,540

Feb
$2,236,540

March
$2,236,540

April
$2,236,540

May
$2,236,165

June
$2,236,165

July
$2,228,766

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

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0

$0
$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
Part time labor
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

2
3 Cash At Beginning of Year
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

Information In Yellow can be changed by entering a new number.


Copyright Iowa State University Extension 2005

11/5/2012

11:43 PM

42

Monthly Cash Flow

AA

2008

1
Jan
$345,332

Feb
$304,943

Mar
$275,729

Apr
$245,307

May
$249,388

June
$264,176

July
$300,849

Aug
$339,732

Sept
$403,643

Oct
$425,844

Nov
$401,868

Dec
$371,938

Total for the


Year
$345,332

$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

$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

10 Total Revenue

$22,594

$22,594

$22,594

$45,188

$45,188

$67,781

$90,375

$112,969

$90,375

$67,781

$45,188

$90,375

$723,000

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

$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

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

$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

2
3 Cash At Beginning of Year
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

$625
$2,500

$0
$0

$0
$0

$625
$2,500

$0
$0

$0
$0

$625
$2,500

$0
$0

$0
$0

$625
$2,500

$0
$0

$0
$0

$2,500
$10,000

$20,662

$11,487

$11,487

$21,371

$12,663

$13,372

$23,256

$14,322

$12,437

$21,145

$12,211

$11,970

$186,382

Information In Yellow can be changed by entering a new number.


Copyright Iowa State University Extension 2005

11/5/2012

11:43 PM

43

Monthly Cash Flow

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

Information In Yellow can be changed by entering a new number.


Copyright Iowa State University Extension 2005

11/5/2012

11:43 PM

44

Monthly Cash Flow

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
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

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

$7,882
$0

$0
$94,583
$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

Information In Yellow can be changed by entering a new number.


Copyright Iowa State University Extension 2005

11/5/2012

11:43 PM

45

Monthly Cash Flow

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

Monthly Income & Expense


Allocation

2007
Jan

Feb

March

April

May

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

0
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
Jan

0
0
0
0
0
0
Feb

0
0
0
0
0
0
March

0
0
0
0
0
0
April

0
0
0
0
0
0
May

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

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

0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
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

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

Fixed Expense
Insurance
Property Tax
Repairs & Maintenance

0
0
0

0
0
0

0
0
0

0
0
0

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

Revenue
Wine Sales-Tasting Room
Wine Sales-Retail Outlets
Wine Sales-Wholesale
Gift Shop Net of Expenses
Room Rental Net of Expenses
Cost of Goods Produced
Grapes
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

11:43 PM

46

Monthly Cash Flow

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

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
Legal Fees
Outside Accounting
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
Property 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 Shop Net of Expenses
Room Rental Net of Expenses
Cost of Goods Produced
Grapes
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

11:43 PM

47

Ten Year Balance Sheet


Income Statement
% Change in Accounts
B

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

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

Balance Sheet

2 Assets

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

18 Total Operating Expense


19 Total Fixed Costs

$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

($198,845)

$116,609

$253,312

$366,214

$407,370

$477,218

$555,931

$552,968

$543,887

$532,707

21 Taxable Income

Copyright Iowa State University Extension 2005

11/5/2012

11:43 PM

48

Ten Year Balance Sheet


Income Statement
% Change in Accounts
B

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

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

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

Copyright Iowa State University Extension 2005

11/5/2012

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

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

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
$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

2014
$26,507
$0
$0
$0
$0
$0
$0
$0
$0
$0
$26,507

2015
$26,500
$0
$0
$0
$0
$0
$0
$0
$0
$0
$26,500

2016
$26,500
$0
$0
$0
$0
$0
$0
$0
$0
$0
$26,500

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

2014
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

2015
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

2016
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Copyright Iowa State University Extension 2005

11/5/2012

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: ctordsen@iastate.edu

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.


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.

Step 2

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

Step 4

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.

Table of Contents

Copyright Iowa State University Extension 2005

51

Instructions to Use the Program and Assumptions Used


A Review the table of contents.

Copyright Iowa State University Extension 2005

52

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. When 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
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.

F Depreciation Expense (Line 53) and Building & Equipment (Line 80): This data is the result of
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

48-52
70-74
53
80
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.

Copyright Iowa State University Extension 2005

143
147
151

53

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
total percentage should be 100%.

J Wine Promotion: Customers expect a taste before they buy. Experience says this tasting will
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.

K Grape Purchase: The program assumes grapes will be purchased and crushed for juice. But
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.

L Packaging: Enter a cost per unit for each item on lines 163-165.

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.

144
148
152
145
149
153
157
158
159
163
164
165
170
177-180
186-190

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

Lab Supplies: Enter an estimated cost per bottle for lab supplies on line 196.

196

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

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.

201-207

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.

62
75

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.

87

Check the data entered in this step. When complete go to the next Step.

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

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

Copyright Iowa State University Extension 2005

54

Instructions to Use the Program and Assumptions Used


Other Equipment

142-152

For each asset in the above categories complete the following.


Enter a description of the asset.
Enter the number of units needed.
Enter the cost per unit
Enter the cost to ship each unit to the business.
Enter the depreciable life of the asset in years.
Building

160-170

Land

178-184

For each asset in the above categories complete the following.


Enter a description of the asset.
Enter the number of units needed.
Enter the cost per unit
Enter the depreciable life of the building assets in years and in the case of
Land, an estimated Annual Land Appreciation percentage.

The Total Asset values will appear at the bottom of the worksheet for eacy year and annual
depreciation or appreciation amounts will appear on the worksheet and related annual,
monthly and Ten Year Analysis worksheets.

Check the data entered in this step. When complete go to the next Step.

The monthly worksheet represents a monthly cash flow for the first two years of the business.
The purpose of this worksheet is to locate if and when the available cash in the business will
reach a dangerously low amount. If so, the amount of cash in the Sources and Uses of Cash
worksheet will have to be increased to meet requirements of investors and or lenders.

Distribution of income and expense is accomplished by estimating when the income or


expense will occur.

Step 8

Monthly Worksheet

63-97

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 best represent the portion of the annual income or
expense will occur in the month. Complete the task for each month in the table. The sum of
each row is shown in the Total for the Year. The worksheet will distribute the annual income
& expense based on the percentage created in each month.
Note: Each cell in yellow must have contain either a zero or a number.
Note: If the error message #Value! Appears in any cell in rows 5-54, a corresponding
cell in rows 57-93 is blank. Enter a zero or a number.

C
Step 9

Check the data entered in this step. When complete go to the next Step.

Ten Year Analysis


A

The Ten Year Analysis is a report each year of the business Balance Sheet, Income
Statement and Percentage Change in Assets, Liabilities, Income and Expense.
To change the numbers in this report, return to Step 5 through 9 to change information
entered.

Step 10 A

Print the workbook using the print option "Entire Workbook".


Note: Each page of the print out will contain the date and time printed and a page
number.
Review and modify information as needed. When print again.

Copyright Iowa State University Extension 2005

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