Second Year Budget — 1978 



Expenses 



SBA Payment $ 3,645.31 



Local Bank Payment 1,445.16 



Insurance (without truck) 960.00 



Taxes (property) 500.00 



Labor & $4.00/hr. (?? 8,126 hrs. 32,504.00 



Manager Salary 12,000.00 



Utilities (heat and light) 600.00 



Fish Costs (187,500#'s © 70^0 131,250.00 



Packaging Costs 7,200.00 



FICA &. Unemployment (5.85% & 3.1% Resp . on $32,504 3,759.91 



wages and managers salary) 



Phone 600.00 



Interest on Operating Capital ($50,000 @ 10%) 5,000.00 



Truck Payment ($10,000 (n) lO'^o for 5 years) 2,549.76 



Truck Insurance 1 , 000 . 00 



Shipping Costs (10<?/#) 15,000.00 



Broker Costs (10<?/#) 15,000.00 



Truck Operation 500.00 



Secretary and Bookkeeping 3,500.00 



Miscellaneous 1,000.00 



TOTAL EXPENSES $ 238,014.14 



Revenue 



150,000#'s Boned/Frozen Fish 2 $1.80/# $ 270,000.00 



Net Income $ 31,985.86 



Less Depreciation (building, equipment, truck) 5, 700. 00 



Less 1977 Loss 



Less Taxes (income) 



NET PROFIT $ 14,598.51 

 8 



