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BOA agenda 121216
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BOA agenda 121216
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12/12/2016
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BOA minutes 121216
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Barry Katz: I see. So the projections you have for net profit do not include your labor. 1 <br /> 2 <br />Kara Brewer: These costs right here do include everything. We just didn’t, because it’s proprietary, so we 3 <br />didn’t… 4 <br /> 5 <br />Barry Katz: Proprietary but the thing is that you have what your total revenue is and what your net profit is 6 <br />and everything but you have shipping and coolers and everything but you don’t have labor. I mean labor is 7 <br />going to be a large part of this thing. I don’t see how your numbers add up at all. 8 <br /> 9 <br />Andy Petesch: Was labor included in the expenses side on this calculation? 10 <br /> 11 <br />Kara Brewer: Yes. 12 <br /> 13 <br />Barry Katz: Where? It’s not there. You have preparation, and buckets and floral wrap and cooler converter 14 <br />and shipping container… 15 <br /> 16 <br />Kara Brewer: That’s just for the flowers. 17 <br /> 18 <br />Barry Katz: But you have to… For instance, harvesting those things. Those are the numbers that I see 19 <br />here. I don’t see the same kinds of numbers over here. There’s no labor cost in here. I don’t believe these 20 <br />numbers at all. 21 <br /> 22 <br />Andy Petesch: It’s your sworn testimony, before this Board , that labor and other expenses are calculated in 23 <br />that number? 24 <br /> 25 <br />Kara Brewer: Yes. Very much, yes. 26 <br /> 27 <br />Andy Petesch: And could you tell the Board the reason why these numbers are proprietary. Is it because 28 <br />this is an emerging market in North Carolina? 29 <br /> 30 <br />Kara Brewer: Yes, and we have partners in this so I can’t release that information. 31 <br /> 32 <br />Barry Katz: Sure, but when you’re talking about chestnuts. I’m sorry to take all this time up but when you’re 33 <br />talking about chestnuts you have to pick each one that falls, individually, you have to deal with the fact that 34 <br />they’ve got to be opened carefully, chestnuts have to be removed. It’s a total labor-intensive thing. It’s not 35 <br />like you can go with a harvester and just… 36 <br /> 37 <br />Kara Brewer: Actually, yes. They do have machinery and equipment for that. Which we will be using. 38 <br /> 39 <br />Barry Katz: Do you own this equipment? 40 <br /> 41 <br />Kara Brewer: No, not yet. We won’t need the equipment for several more years. 42 <br /> 43 <br />Barry Katz: Yeah but you have to amortize that in there too. I just don’t know if these numbers mean 44 <br />anything. I mean just based on the cut flowers since there’s no labor in there. I just have no idea what you 45 <br />mean by this. 46 <br /> 47 <br />43
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