FORM FSA-2039
This form is provided for informational purposes only. Applicants are not required to return the form to the agency.
Fld Name /
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Instruction |
A Name |
Enter the name of the applicant or borrower for this operation. |
B Date |
Enter the date. The date should coincide with the date of the balance sheet. |
C Check Box |
Enter a checkmark to indicate either projected or actual income and expense. |
1 Total Farm Income |
Enter the total income amount from all sources. (Item 10 from FSA-2038) |
2 Purchase of Livestock and Commodities for resale |
Enter the total amount of all livestock and other commodities purchased for resale. (Sum of Items 1I, 2F and 3F from FSA-2038) |
3 Gross Margin |
Enter the gross margin. (Item 1 minus Item 2) |
4 Total Operating Expenses |
Enter the total of all farm operating expenses. (Item 33 from FSA-2038) |
5 Net Operating Income |
Enter the net operating income. (Item 3 minus Item 4) |
6 Non-Farm Income |
Enter all income from non-farm sources. (Item 36 from FSA- 2038) |
7 Total Net Operating Income and Non-Farm Income |
Enter total net operating and non-farm income. (Item 5 plus Item 6) |
8 Owner-Withdrawals, Income Taxes and Non-Farm Expense |
Enter the total of Items 34, 35 and 37 from FSA-2038.
For Owner-Withdrawals: the total of family living expenses (Household operating expenses and all non-farm debt payments).
For Income Taxes: the total State and Federal income tax paid during the production cycle.
For Non-Farm Expense: the total of all expenses associated with non-farm business. |
9 Net Cash Income |
Enter total net cash income. (Item 7 minus Item 8) |
10 Term Loan Principal Payments |
Enter the total principal portion paid on all farm related installment loans (operating and real estate) during the production cycle. (Items 2L (1) and 2L (2) from FSA-2037) |
11 Margin After Debt Service |
Enter the margin after debt service. (Item 9 minus Item 10) |
12 Loan Advances |
Enter the total of all loans anticipated to be advanced or made during the production cycle.
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13 Capital Sales and Capital Contributions |
Enter the total of Items 38 and 39 from form FSA-2038.
For Capital Sales: the total dollar amount received from the sale of depreciable items (equipment, breeding livestock) and real estate during the production cycle.
For Capital Contributions: Enter all inflows of capital that are not the result of business operations or other income. Capital contributions usually include gifts, inheritance, lottery winnings, the gift-value of substantial asset purchases for less than market value, and the capital contributions of partners or stockholders to an entity.
Caution: Ensure that capital contributions are not double-counted in capital sales. |
14 Beginning Cash/Cash Carryover |
Enter the total of all income on hand brought forward to the new production cycle from the previous year’s operation. (Use the applicant’ records) |
15 Total Margin After Debt Service
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Enter the total from Items 11, 12, 13 and 14. |
6 Operating Loan Principal Payments and Debts Refinanced |
Enter the total principal portion paid on all operating loans (non term loans) (Item 2J from FSA-2037) during the production cycle, plus the total of all debts refinanced during the production cycle. (Use the applicant’s records) |
17 Capital Expenditures and Capital Withdrawals |
Enter the total of Items 40 and 41 from FSA-2038.
For Capital Expenditures: the total dollar amount for the purchase of depreciable items (equipment, breeding livestock) and real estate during the production the cycle.
For Capital Withdrawals: Enter all outflows of capital that are not the result of business operations or owner withdrawals. Capital withdrawals usually include gifts, the gift-value of substantial sales of assets for less than the market value, and withdrawals of capital by partners or stockholders of an entity.
Caution: Ensure that capital withdrawals are not double-counted in capital purchases (expenditures). |
18 Total Operating Loan Principal Payments |
Enter the total from Item 16 plus Item 17. |
19 Ending Cash On Hand |
Enter the ending cash on hand. (Item 15 minus Item 18) |
Page
| File Type | application/msword |
| File Title | Used by |
| Author | USDA-MDIOL00000DG8C |
| Last Modified By | niki.chavez |
| File Modified | 2007-04-12 |
| File Created | 2007-04-12 |