Usda Form Rd 442 7 PDF Details

Navigating the complexities of financial planning and reporting in the agricultural sector requires a thorough understanding of specific forms and procedures, among which the USDA RD 442-7 form plays a pivotal role. This document, officially titled "Operating Budget," serves as a critical tool for applicants seeking funding or managing existing projects under the aegis of the United States Department of Agriculture Rural Development (USDA-RD) programs. The form encompasses various sections detailing operating income and expenses, nonoperating income, and projected cash flow, thereby providing a comprehensive overview of a project's financial health. Designed to streamline the budgeting process, it requires applicants to meticulously calculate and report their total operating income, subtract operating expenses to determine net operating income, and account for nonoperating income to arrive at the net income or loss. The form further extends to capture projected cash flows, guiding applicants through forecasting the movement of cash into and out of their projects. By fulfilling the requirements of the USDA RD 442-7, entities embarking on rural development initiatives can accurately present their financial standings, ensuring compliance and facilitating the assessment for potential funding or financial assistance. Accompanied by an official OMB control number, this document adheres to the standards set by the Paperwork Reduction Act of 1995, emphasizing its legitimacy and the necessity for its thorough and accurate completion.

QuestionAnswer
Form NameUsda Form Rd 442 7
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesrd 442 7, rd 442 7 form, form rd 442 7 fillable, usda rd 442 7 fillable

Form Preview Example

 

USDA-RD

Position 3

Form Approved

 

Form RD 442-7

 

 

 

OMB No. 0575-0015

 

(Rev. 3-02)

OPERATING BUDGET

 

 

 

 

 

 

 

 

Schedule 1

 

Name

 

Address

 

 

 

 

 

 

 

 

 

Applicant Fiscal Year

 

County

State (Including ZIP Code)

 

From

 

To

 

 

 

 

 

 

 

 

 

 

OPERATING INCOME

1.

2.

3.

4.

5.Miscellaneous

6.Less: Allowances and Deductions

7.Total Operating Income

(Add Lines 1 through 6)

OPERATING EXPENSES 8.

9.

10.

11.

12.

13.

14.

15.Interest (RD)

16.Depreciation

17.Total Operating Expense (Add lines 8 through 16)

18.NET OPERATING INCOME (LOSS) (Line 7 less 17)

NONOPERATING INCOME

19.

20.

21.Total Nonoperating Income (Add Lines 19 and 20)

22.NET INCOME (LOSS)

(Add Lines 18 and 21) (Transfer to Line A Schedule 2)

20

20

20

20

First Full Year

 

 

 

 

 

(1)

(2)

(3)

(4)

(5)

(

) (

) (

) (

) (

)

Budget and Projected Cash Flow Approved by Governing Body

Attest:

Secretary Date

Appropriate Official

Date

According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponser, and a person is not required to respond to a collection of information unless it displays a valid OMB control number. The valid OMB control number for this information collection is 0575-0015. The time required to complete this information collection is estimated to average 5 hours per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.

Schedule 2

PROJECTED CASH FLOW

A. Line 22 from Schedule 1 Income (Loss)

ADD

B. Items in Operations not Requiring Cash:

1.Depreciation (Line 16, Schedule 1)

2.Others:

C. Cash Provided from:

1.Proceeds from RD loan/grant

2.Proceeds from others

3.Increase (Decrease) in Accounts Payable, Accruals and other Current Liabilities

4.Decrease (Increase) in Accounts Receivable, inventories and Other Current Assets (Exclude Cash)

5.Other:

6.

D. Total all A, B and C Items

E. LESS: Cash Expended for:

1.All Construction, Equipment and New Capital Items (Loan and grant funds)

2.Replacement and Additions to Existing Property, Plant and Equipment

3.Principal Payment RD Loan

4.Principal Payment Other Loans

5.Other:

6.Total E 1 through 5

ADD

F. Beginning Cash Balances

G. Ending Cash Balances (Total of D minus E 6 plus F)

Item G Cash Balances Composed of:

Construction Account

Revenue Account

Debt Payment Account

O&M Account

Reserve Account

Funded Depreciation Account

Others:

20

20

20

20

First

Full Year

Total - Agrees with Item G

How to Edit Usda Form Rd 442 7 Online for Free

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Step 1: Just press the "Get Form Button" at the top of this webpage to start up our pdf editor. Here you will find everything that is needed to work with your file.

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In order to finalize this PDF form, ensure you provide the right information in every area:

1. Fill out the form rd 442 7 with a number of essential fields. Gather all the required information and make sure nothing is omitted!

Tips to fill in usda rd form 442 7 step 1

2. The subsequent step is to complete all of the following blanks: Interest RD, Depreciation, Total Operating Expense Add lines, NET OPERATING INCOME LOSS Line, NONOPERATING INCOME, Total Nonoperating Income, Add Lines and, NET INCOME LOSS, Add Lines and Transfer to Line A, Budget and Projected Cash Flow, Attest, Secretary, Date, Appropriate Official, and Date.

How you can fill out usda rd form 442 7 stage 2

3. Completing PROJECTED CASH FLOW, First, Full Year, A Line from Schedule Income Loss, Add, B Items in Operations not, Others, C Cash Provided from, Proceeds from RD loangrant, Decrease Increase in Accounts, Other, D Total all A B and C Items, and E Less Cash Expended for is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Writing segment 3 of usda rd form 442 7

4. To go forward, this form section involves typing in a handful of form blanks. These comprise of All Construction Equipment and, Loan and grant funds, Replacement and Additions to, F Beginning Cash Balances, G Ending Cash Balances Total of D, Item G Cash Balances Composed of, Construction Account Revenue, and Total Agrees with Item G, which you'll find vital to carrying on with this process.

usda rd form 442 7 writing process described (portion 4)

Many people often get some points incorrect when filling out Replacement and Additions to in this part. Ensure you reread whatever you enter right here.

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