Common use of Project Inventory Clause in Contracts

Project Inventory. This is record of what you have before you start your project, those items you purchase/receive during your project and what you have at the end of your project. This could include brushes, grooming supplies, show box, barns, fences, show halters, lead ropes, etc. Item Description Date Purchased Purchase Price or cost Note if Sold (S), Discarded (D), Lost (L), Kept (K) TOTALS ******** $ ******* Feed Expenses This is a record of money that you may have spent on grain, hay and other supplements. Date Type (hay, grain, supplements) Pounds Purchased Total Cost Total Feed Expenses ********************* LBS $ Feed Page What is the main ingredient in the feed you feed your dairy cow/heifer? Where do you purchase your feed? How many bags of feed do you buy at one time? How many times a day do you feed your animal? How much do you feed each day? Do you feed your animal any hay? If yes, what kind do you feed? **Glue a tag from the feed bag here.** Non-Feed Expenses List everything that you spend money for that you will NOT have at the end of project. (DO NOT include feed, hay, and animals) This is the page to include 4-H/FFA club dues, show entry fees, transportation, money for picture developing, Fair memberships, bedding for animal at fair, etc. Date Description Paid To Cost TOTAL COST $ This should include a record of any health related activities (de-worming, vaccinate, or use of a veterinarian’s services for any other reason). This should include what you used, how much you used, and what you used it for. Include well animal care (such as health certificate). Fill in all applicable information. If animal was healthy throughout project, make note of that on this page. Date Animal Name/ID Description of Activity Product Used Dosage Withdrawal Time Calf and Heifer Questions

Project Inventory. This is record List all equipment and assets you had at the beginning of what the project. After listing existing inventory, you have before you start your project, should also list those items you purchase/receive during your purchased this year that you plan to keep after the project and what is finished. List items you have at will keep past the end of your project. This could this project on this page only (inventory examples include brushesclippers, grooming suppliesblowers, show boxchutes, barns, fences, show halters, lead ropestack, etc.) Do NOT list expendable items such as shampoo, etc. Refer to Project Terms and Explanation, page 3, for descriptions of each column. Item Description Date Purchased Acquired Purchase Price Cost or cost Note if Sold Value A Value at beginning of project B Depreciation (S)10% of purchase cost, Discarded per calendar year) C Value at end of project D Comb (D), Lost purchased Previous yr.) 11-03-18 $5.00 $4.50 .50 $4.00 Brush (L), Kept purchased current yr.) 12-01-19 $5.00 $5.00 .50 $4.50 Total Depreciation (Kexpense) TOTALS Value of Project Assets PROJECT ANIMAL INVENTORY **Beginning $ Value: Value of existing animals at beginning of project OR purchase cost of new animals OR value of animal(s) born. ****$ Value at end of project: Your animal’s value should increase and is an estimated value. Animal Description: (Animal number and/or Name) Breed Sex Date Acquired or Born Beg. $ Value** $ ******* Feed Expenses This is a record Value at end of money that you may have spent on grainproject Indicate if animal sold, hay and other supplementskept, died, etc. Value at Beginning $ Value at End/ Value of Animal Assets $ NON-FEED EXPENSES Date Type (hay, grain, supplements) Pounds Purchased Description Paid To Total Cost Total Non Feed Expenses ********************* LBS $ Feed Page What is the main ingredient in the feed you feed your dairy cow/heifer? Where do you purchase your feed? How many bags of feed do you buy at one time? How many times a day do you feed your animal? How much do you feed each day? Do you feed your animal any hay? If yes, what kind do you feed? **Glue a tag from the feed bag here.** Non-Feed Expenses List everything that you spend money for that you will NOT have at the end of projectthe project and that is NOT feed or hay. (DO NOT include feed, hay, and animals) This is the page to include 4-H/FFA club dues, show includes entry fees, transportationveterinary expenses, money for picture bedding, and other expendable items such as shampoo, shoe polish, hair spray, film, film developing, Fair memberships, bedding for animal at fair, etc. Date Description Paid To Cost TOTAL COST $ This should include a record of any health related activities (de-worming, vaccinate, or use of a veterinarian’s services for any other reason). This should include what you used, how much you used, and what you used it for. Include well animal care (such as health certificate). Fill in all applicable information. If animal was healthy throughout project, make note of that on this page. Date Animal Name/ID Description of Activity Product Used Dosage Withdrawal Time Calf and Heifer QuestionsLIST ITEMS YOU WILL KEEP PAST THE END OF THIS PROJECT ON THE PROJECT INVENTORY ON PAGE 4.

Project Inventory. This is record List all equipment and assets you had at the beginning of what the project. After listing existing inventory, you have before you start your project, should also list those items you purchase/receive during your purchased this year that you plan to keep after the project and what is finished. List items you have at will keep past the end of your project. This could this project on this page only (inventory examples include brushesclippers, grooming suppliesblowers, show boxchutes, barns, fences, show halters, lead ropestack, etc.) Do NOT list expendable items such as shampoo, etc. Refer to Project Terms and Explanation, page 3, for descriptions of each column. Item Description Date Purchased Acquired Purchase Price Cost or cost Note if Sold Value A Value at beginning of project B Depreciation (S)10% of purchase cost, Discarded per calendar year) C Value at end of project D Comb (D), Lost purchased Previous yr.) 11-03-18 $5.00 $4.50 .50 $4.00 Brush (L), Kept purchased current yr.) 12-01-19 $5.00 $5.00 .50 $4.50 Total Depreciation (Kexpense) TOTALS Value of Project Assets PROJECT ANIMAL INVENTORY **Beginning $ Value: Value of existing animals at beginning of project OR purchase cost of new animals OR value of animal(s) born. ****$ Value at end of project: Your animal’s value should increase and is an estimated value. Animal Description: (Animal number and/or Name) Breed Sex Date Acquired or Born Beg. $ Value** $ ******* Feed Expenses This is a record Value at end of money that you may have spent on grainproject Indicate if animal sold, hay and other supplementskept, died, etc. Date Type (hay, grain, supplements) Pounds Purchased Total Cost Total Feed Expenses ********************* LBS Value at Beginning $ Feed Page What is the main ingredient in the feed you feed your dairy cow/heifer? Where do you purchase your feed? How many bags Value at End/ Value of feed do you buy at one time? How many times a day do you feed your animal? How much do you feed each day? Do you feed your animal any hay? If yes, what kind do you feed? **Glue a tag from the feed bag here.** NonAnimal Assets $ NON-Feed Expenses FEED EXPENSES List everything that you spend money for that you will NOT have at the end of projectthe project and that is NOT feed or hay. (DO NOT include feed, hay, and animals) This is the page to include 4-H/FFA club dues, show includes entry fees, transportationveterinary expenses, money for picture bedding, and other expendable items such as shampoo, shoe polish, hair spray, film, film developing, Fair memberships, bedding for animal at fair, etc. LIST ITEMS YOU WILL KEEP PAST THE END OF THIS PROJECT ON THE PROJECT INVENTORY ON PAGE 4. Date Description Paid To Total Cost TOTAL COST Total Non Feed Expenses $ This should include a record of any health related activities (de-worming, vaccinate, or use of a veterinarian’s services for any other reason). This should include what you used, how much you used, FEED EXPENSES List all feed and what you used it for. Include well animal care (such as health certificate). Fill in all applicable information. If animal was healthy throughout project, make note of that hay expenses on this page. Date Animal Name/ID Description of Activity Product Used Dosage Withdrawal Time Calf and Heifer Questionspage (list each feed purchase separately).