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Hidalgo County Herald
Lordsburg, New Mexico
December 19, 2014     Hidalgo County Herald
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December 19, 2014

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HIDALGO COUNTY HERALD FRIDAY, DECEMBER 19, 2014 3 SBDC Key elements of the financi00 I plan - Balance Sheets and Financial Forecasts By SBDC STAFF Financial experts will have different opinions about what should be included in a financial plan, depending on the type of business you have and what you're trying to accomplish with your business plan. But whether you're thinking of starting a busi- ness, expanding your current business, or just want to under- stand your current business bet- ter, there are a few key financial items that you should definitely include: Profit and loss statement Cash flow statement Balance sheet Sales forecast Personnel plan and maybe some business ratios and/or a break-even analy- sis Even if you're in the very beginning stages of your busi- ness, these financial statements can still work for you. Develop- ing your financial plan from ba- sic numbers is both possible and very helpful. The Business Report has discussed the profit and loss and cash flow statements previ- Senior Citizen Lunch Menu Monday, December 22 Tater Tot Casserole California Veggies Garden Salad/Dressing WW Bread/Margarine Pears Sugar Cookie Tuesday, December 23 Chicken Tacos (On Flour Torti- llas) Cheese/Lettuce/Tomato Calabacitas w/Green Chile Pinto Beans Bread Pudding Wednesday, December 24 Hamburger Steak Mashed Potatoes w/Gravy Green Beans WW Roll/Margarine Vanilla Pudding Thursday, December 25 CENTER CLOSED FOR CHRISTMAS HOLIDAYS Friday, December 26 CENTER CLOSED FOR CHRISTMAS HOLIDAYS ously. This week the balance sheet and sales forecast will be discussed. Balance Sheet Your balance sheet is a snap- shot of your business's financial position--at a particular moment in time, how are you doing? How much cash do you have in the bank, how much do your custom- ers owe you, and how much do you owe your vendors? The balance sheet is stan- dardized, and consists of three types of accounts: 1. assets (accounts receiv- able, money in the bank, inven- tory, etc.) 2. liabilities (accounts payable, Credit card balances, loan repayments, etc.) 3. equity (for most small businesses, this is jflst the owner's equity, but it could include in- vestors' shares, retained earnings, stock proceeds, etc.) It's called a balance sheet because it's an equation that needs .to balance out: Assets = Liabilities + Equity The total of your liabilities plus your total equity always equals the total of your assets. At the end of the accounting year, your total profit or loss adds to or subtracts from your retained earnings (a component of your equity). That makes your retained eaaaings your business's cumula- tive profit and loss since the business's inception. However, if you area sole proprietor or other pass-through tax entity, "retained earnings" doesn't really apply to you-- your retained earnings will al- ways equal zero, as all profits and losses are passed through to the owners and not rolled over or re tained like they are in a corpora- tion. Sales forecast The sales forecast is exactly what it sounds like: your projec- tions, or forecast, of what you think you will sell in a given pe- riod (typically, a year to three years). Your sales forecast is an incredibly important part of your business plan, especially when lenders or investors are involved, and should be an ongoing part of your' business planning procesg. Your sales forecast should be nieces and nephews. Alvina Bejarano Aguilera It is with deep sorrow and heavy hearts that we announce the passing of our beloved mother, grandmother, sister, aunt and friend, Alvina Bejarano Aguilera, age 77 of Las Cruces on Monday, Decem- ber 8, 2014. She was born Augtist 4, 1937 in Virden, NM. Those left to mourn her passing include her four sons, Joe Aguilera Jr• of Upland, CA, Aguilera Eddie Aguilera and wife Marga- ret of Lordsburg, Bonito Aguilera and Adam Aguilera both of Las Cruces; one daughter, Diane Galindo also of Upland, CA; one brother, Manuel "Bart" Bejarano also of Las Cruces, and a sister, Crespina De La O also of Lordsburg. Other survivors in- clude eighteen grandchildren, numerous- great-grandchildren, www.smithfordlordsburg, com Alvina Bejarano She was preceded in death by her parents, Juan and Inocencia Bejarano, as well as a daughter, Joyce Rodela, and six siblings, Bartolo, Carlos, Juan Jr., Lydia, Juanita, and Mary Lou Bejarano. Cremation has taken place and a Ro- sary will be held at St. Joseph's Church in Lordsburg on January 20, 2015 at 11:00 a.m. Arrangements have been entrusted to the care of Baca' Ftmeral Chapels and Sunset Crematory of Las Cruces. 527- 2222. For online con- dolences logan to www.bacasfuneral chapelslas Ralph K. Young Ralph K• Young, longtime Lordsburg resident, born July 23, 1929, passed away at Sunshine Haven Nursing Home on Mon- day, December 15, 2014. Services are pending. A full obituary will appear in next week's edition. New Mexico Press Association Member Hidalgo County Herald (usPs 020697) is published weekly by Hidalgo County Herald in the City of Lordsburg, County of Hidalgo, 212 E. Motel Drive, Suite B, Lordsburg, New Mexico 88045-1948, 52 issues a year. Subscription rates vary• Subscription rate is $40 per year by USPS mail, $25 per year by email. Requests for correc- tions andcomplaints concerning news and editorial content of the Hidalgo County Herald should be directed to the editor• For further information on the Hidalgo County Herald's approved grievance policies, readers may contact the publisher• Any unsolicited manu- Scripts become the property of the Hidalgo County Herald and will not be returned• All information contained herein is copyrighted 2014 by the Hidalgo County Herald• All photos/stories, unless stated, are written by our staff. POSTMASTER: Send address changes to Hidalgo County Herald, 212 E. Motel Drive, Suite B, Lordsburg, NM 88045- 1948. Periodicals Postage Paid at Lordsburg, New Mexico• PUBLIsHER/EDITOR: Brenda Hood ADVERTISING MANAGER: Glenda Greene PHONE: 575-542-8705 FAX: 575-542-8838 E-MAIL hcherald planning process. You should create a forecast that is consistent with the sales number you use in your profit and loss statement. There isn't a one- size-fits-all kind of sales fore- cast--every business will h-ave different needs. How you seg- ment and organize your forecast depends on what kind of business you have and how thoroughly you want to track your.sales. Some helpful questions to ask yourself are: • How many customers do you anticipate? • How milch will you charge them? • How often will you charge them? Your sales forecast can be as detailed as you want it to be, or you can simplify your forecast by summarizing. However you choose to do ff sales forecast, you should definitely have one. Generally, you'll want to break down your sales forecast into segments tfiat are helpful to you for planning and marketing purposes. If you own a restaurant, for example, you'd probably want to separate your forecasts for din- ner and lunch sales; if you own a gym, it might be helpful to dif- ferentiate between single mem- berships, family memberships, club shop sales, and extra ser- vices like personal training ses- sions. If you want to get really specific, you might even break your forecast 'down by product, with a separate line for every prod- uct you sell. Along with each segment of forecasted sales, you'll want to include that segment's "cost of goods sold" (COGS). The differ- ence between the your forecasted revenue and your forecasted COGS is your forecasted gross margin. An archive of SBDC Busi- ness Reports can be found at http://www.grantcounty items Western New Mexico University's Small Business De- velopment Center can help you develop a balance sheet and a sales forecast. The SBDC offers assistance to entrepreneurs who are starting a business or wanting to expand an existing business. These services are available at no cost. Call 538-6320 for an ap- pointment with a business advi- sor, or email The SBDC office is located in Watts Hall at 500 18th Street, at the intersection of Swan and Sil- ver Heights Blvd. An appoint- ment at your office is available by request. More information may be found at www.nmsbdc .com/silvercity/index.html. The WNMU campus and the SBDC offices will be closed for the holidays December 20 through January 4. Contact the SBDC office for information about the following workshop: • January 21 - How to Write a Business Plan Bullying can affect you in manY ways..You may lose sleep or feel sick. You may want to skip school. You may even be thinking about suicide. If you are feeling hopeless or helpless or know someone that is, please call the LIFELINE at 1-800-273-TALK (8255) For more resources, visit Moranda Madero and her proud father, Ruben, at the NMSU pool. Swimming becomes a unique passion for former resident and his family By BRIAN CORDOVNNMSU, for the Hidalgo County Herald Las Cruces, N.M. - Growing up in dry rural areas of New Mexico, not many people have the luxury of swimming pools where one can enjoy a relaxing dip in the water, often leading to children taking a dive in their neighbors' water tanks that are used to water ,the livestock. Native of Lordsburg, N.M., Ruben Madero, knows this rou- tine all too well as he has first- hand experience swimming in a neighboring ranch trough in the small town in southwestern New Mexico. "We didn't have swimming programs in Lordsburg. We had a public swimming pool and We would also go to the Culberson's Ranch and swim in their cow troughs, and that's how it was," Madero said. Madero, who graduated from Lordsburg High School in 1988 an.d has been living in Las Cruces since 1991, is a full-time em- ployee as a painter at New Mexico State University and has found himself back near some water, although this time it's his daughter that is doing the swim- ming. /-junior at NM State, Moranda Madero is currently in the midst of her third season with the Aggies swimming and diving team. She finished her sopho- more season swimming in every meet and swimming in seven dif- ferent events. Moranda first fell in love with the water when she was 9- years-old in day care "and first swam competitively through Little Play Mates. She eventually found her way onto local club Sor00 ON.YOUR GRA1DUATIOH FROM WNM,, /e .,1.€ a.. 40 ST00[ND UP '°"' SPIRIT or Hidalqo AmeriCofp5 Team coaches, counselors and cafeteria staff -for the special care they have shown to Kim's boys. Thanks also to the Maverick football team, David and Lucy May, Gi Sanchez, Cecilia PJce, Marcy Sanchez, Tricia Montoya and Family, Pastor Jasper, Bright Funeral Home, 5aucedo's Supermarket, WNM Communications, Serena Talley, Carrie Strain, Kdstin and Ashley Gutierrez for the music and video program and so many more that we cannot begin to list you all. Please know that your love and kindness have been of , great comfort to us during this most difficult time. ,( ',,'t"[c,' help wil Funeral expenses-under Gina Sanchez' name. ,,, ? swim program, Las Cruces Aquatic Team (LCAT), and began competitive swimming. "There were some little swim lessons going on at my day care and I would keep telling my par- ents.that I wanted to swim and that's how it began for me," Moranda said. A graduate of Las Cruces High School, Moranda was an All- American in the 400-freestyle re- lay as a sophomore in 2010. She was a state champion with the Bulldawgs in the 400-freestyle in 2012, 200-medley relay in 2011 and 400-freestyle relay in 2010. She earned five letters at LCHS in swimming and helped the team to five district championships, and a runner-up finish at state in 2012. Moranda was looked at dur- ing her years as a Bulldawg and was eventually recruited by NM State Swimming and Diving head coach Rick Pratt.. "We were lucky she swam for LCAT and she was also someone that I've watched swim all through high school," explained Pratt. "She liked the idea of stay- ing close to home and we sold her on coming to NM State." Since joining the team at NM State, Moranda has been excep- tional bqth4n the water and on land. As a freshman, she was a freestyle and butterfly specialist and posted three top-25 finishes in the Western Athletic Confer- ence Championships in 2013. Moranda continued to boost her times as a butterfly and freestyle specialist during her sophomore year. Her best event throughout the season was the 100-fly where she finished in fourth place on four different oc- casions. She swam her personal lifetime-best in the 100-fly dur- ing the preliminary round at the Phil Hansel Invitation in Hous- ton (Nov. 21), with a time of 57.95. "I am proud of her, just so proud. I smile from ear to ear ev- ery time I see her swim," [Ruben] Madero said. "I never thought I would have a daughter who swims at a competitive level." Outside of the pool Moranda leads her teammates by example. With a non-stop work ethic she hopes to inspire her teammates to become better people both in the water and out. "From a scared kid out of high school, Moranda has im- proved a lot. Not just swimming wise but leadership wise and con- fidence wise;, her passion for swimming is stronger," Pratt said. "She extended her help to all the freshman this year as they were moving into the dorms and has left a good impression with the parents of the team." As Moranda's journey with the NM State swimming and div- ing team continues, her 17 year- old sister, Alyssa, is nearing the end of a run as part of the Bulldawg swim team at LCHS and is also looking to compete at a collegiate level. "My sister is my biggest in-.. spiration. She's always inspired me to do anything I want," ex- plained Moranda. "She is younger than me but she feels like my older sister." The Madero family has come a long way since the Lordsburg swimming sessions in the • Culberson's cow trough, to now cheering for their competitive daughters as they continue to leave their mark whereever there is competitive swimming. LO 0 KI N GF 0 R-AD EAL?] i Don't pay the new vehicle price with these |l P,e-Wwne00 Dea,s. G,00e usa ca,., il 4x4 2008 F a p e 4WOLimited'000000002012 Ford Edge Super Clean LOADED 2013 Ford Focus Only 8K Miles Need Service? We offer FMI We offer great deals on tires, and Discounts on oil changes pricing on newand and brake repairs, used vehicles/ Keep Your Loc00i! WILL18 m- Jl00/ any written deal to keep your business in Hidalgo Countyl SMITH 542-3551 FORD 412 E. Motel Drive, Lordsbur9, NM Come in and take a look at our full line of new Fords. If we don't have it we can get it. Freeport Employees: Ask about our Special Pricing on New Fords Check our our great selection of Tires at competitive prices!