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HomeMy WebLinkAbout07.b. Receive Aglantis / Coco San Sustainable Farm 2023 Annual ReportPage 1 of 17 Item 7.b. LICENTRAL SAN September 19, 2024 FROM: DANEA GEMMELL, PLANNING AND DEVELOPMENT SERVICES DIVISION MANAGER REVIEWED BY: GREG NORBY, DEPUTY GM - ENGINEERING & OPERATIONS ROGER S. BAILEY, GENERAL MANAGER SUBJECT: RECEIVE AGLANTIS / COCO SAN SUSTAINABLE FARM 2023 ANNUAL REPORT Central San owns approximately 400 acres of land for the operation of the treatment plant and collection system infrastructure. About 120 acres of buffer property around the treatment plant was obtained and is managed to avoid encroachment and incompatible land uses. Central San prioritizes its buffer properties for its own use to operate and maintain the sewer system. Unneeded buffer property is leased to provide additional revenue to Central San and its ratepayers, or provide a comparable public benefit to the community. A 14.8-acre portion of the Kiewit property located at 5500 1 mhoff Drive, across from County Quarry, is a buffer property that is currently leased to AgLantis - a 501(c)(3) non-profit - for use as the CoCo San Sustainable Farm (Farm). Central San approved the current lease agreement with AgLantis for the Farm on September 22, 2022, as it provides public benefit to the community consistent with Central San's Strategic Plan and Goals. The Farm helps support the following specific goals: GOAL ONE: Customer Satisfaction & Stakeholder Engagement Strategy 1 - Deliver High -Quality Customer Service • Effectively collect and treat wastewater with our customers and stakeholders in mind. Strategy 2 - Engage With Our Customers, Community, and Industry • Form and sustain relationships with federal, state, and local elected officials and stakeholders. GOAL TWO: Environmental Stewardship Strategy 2 - Be a Partner in Regional Development of Water Supply • Explore and advance cooperative opportunities. • Continue to provide recycled water to residents and businesses; evaluate and process new customer requests. September 19, 2024 Regular Board Meeting Agenda Packet - Page 65 of 107 Page 2 of 17 Strategy 3 - Optimize Energy Usage and Reduce Greenhouse Gas Emissions • Reduce reliance on non-renewable energy. • Responsibly manage greenhouse gas emissions. Strategy 4 - Promote Pollution Prevention and Environmental Protection • Expand internal sustainability practices. The terms of the ten-year lease expiring on September 21, 2032 provide for an Annual Report to be submitted by April 1 of each year. AgLantis submitted its 2023 Annual Report on March 31, 2024 and included its planned activities for the following year as required. Notable excerpts from the Report are as follows: • National Resource Conservation Services and United States Department of Agriculture awarded a grant to build three high tunnel greenhouses (approximately 2,000 square feet each) and plant 1,000 feet of hedgerows and 1,000 feet of trees. • Donated 10,000 pounds of fresh produce to Loaves and Fishes of Contra Costa County, who cooked it and served in carry -out containers to those in need. • Crops that thrived in the field were butternut squash, Swiss chard, celery, green onions, leeks, rosemary, and peppers. • Built a second greenhouse with grant funds; crops that were planted within it included turnips, beets, celery, and pumpkins. • Utilized more than 1,000 volunteers from the community to maintain the farm. Volunteers go through a 30- to 45-minute orientation that includes the history of the farm, mission of AgLantis, and a discussion of recycled water, global warming, regenerative agriculture, carbon sequestration in soil, integrated pest management, and regenerative practices. Strategic Plan Tie -In GOAL ONE: Customer and Community Strategy 1— Deliver high -quality customer service, Strategy 3 - Build neighborhood and industry relations GOAL TWO: Environmental Stewardship Strategy 2 - Educate on pollution prevention and environmental protection, Strategy 3 - Be a partner in regional development of local water supply, Strategy 4 - Identify and advance sustainability initiatives, including reducing energy usage and emissions ATTACHMENTS: 1. 2023 AgLantis Annual Report September 19, 2024 Regular Board Meeting Agenda Packet - Page 66 of 107 Page 3 of 17 AgLantis: CoCo San Sustainable Farm /_1►1►111110N4*61:41 April 1, 2024 REPORTING PERIOD: January 1, 2023 through December 31, 2023 PROGRAM OVERVIEW AgLantis and the CoCo San Sustainable Farm have four major foci: 1) Food Equity and Public Health 2) Environment 3) Education 4) Economic Development and Job Training 1) Food Equity and Public Health soaked up the rain like a huge sponge. However, on very wet soil affects the soil structure and survive in very wet soil as they need oxygen Hundreds of enthusiastic volunteers propagated, planted and harvested crops, when weather allowed. Most of the produce was donated to Loaves and Fishes of Contra Costa County. Learning the Perils of Farming. Our donations of fresh produce to charity were reduced to about 10,000 pounds in 2023. Atmospheric rivers dropped massive amounts of rain all over California farmlands and severely impacted production. Our regenerative methods prevented flooding on the fields of the farm. The soil it was too wet to work in the fields. Stepping compacts the soil. Also, crop seeds do not The window for planting some crops was lost. September 19, 2024 Regular Board Meeting Agenda Packet - Page 67 of 107 Page 4 of 17 AgLantis Annual Report for 2023 Extreme fluctuations in temperature also harmed crops across California. Plants drop their flowers in extreme heat, losing the crops. We had 500' of eggplant that were late being planted due to rain and then dropped their flowers during extreme heat. We did not produce even one eggplant where we normally produce many thousands of pounds. We were also slowed by waiting for soil test results for the heavy metals discharged by the Martinez Refinery. These came back negative. Bethallyn Black predicted that our productivity would fall because "they will have found you." She was referring to pests and she was right. The ground squirrels, rabbits, mice and rats have grown in number over the years. One of our workers came to the farm at 5 a.m. and said he saw 30 rabbits eating our crops. They devastated over 1000' feet of tomatoes. We found the tomatoes half eaten laying on the ground. Not even one red tomato survived. We finally harvested a few boxes of green tomatoes and donated those. We are not in a position to kill most of these predators. We don't want to poison them because we are an organic farm. Furthermore, this would cause secondary kill as birds and coyotes ate these dead animals. If we trap the animals, we would have to kill them because it is illegal to release them somewhere else. Our only solution is to grow in greenhouses, where there is a physical barrier to keep them out. A few crops are not eaten by animals, such as peppers, so we will grow more of these. Other crops such as butternut squash can be protected with sleeves of screening, which we did, but still lost 25% of the squash. We are increasingly moving to greenhouse growing, because it allows season extension, reduces the impact of torrential rain, and we can provide shade cloth on greenhouses in hot weather, while protecting crops from animals, although mice do find their way inside. We still happy about our collaboration with Loaves and Fishes of Contra Costa, because they cooked our produce and served it to those in need in carry -out containers. People can take carry -out home to grandparents or children or others who need meals. Many of those who receive our produce may not have the ability to cook (e.g., homeless) or the knowledge of how to prepare these vegetables. By serving produce to them already prepared by expert chefs, it is much more likely that our vegetables will be eaten and nutrition will be increased. Also, Loaves and Fishes usually picks up directly from the farm, which saves us from taking it somewhere. https://Ioavesfishescc.org/news/partnership-spotlight/ 2 September 19, 2024 Regular Board Meeting Agenda Packet - Page 68 of 107 Page 5 of 17 AgLantis Annual Report for 2023 Propagation Greenhouse water and This year, we again grew seedlings in our propagation greenhouse. Many seedlings were grown from seed we saved from our favorite vegetables from past harvests. Using seeds from vegetables we have grown means those vegetables are adapted to the conditions on our farm. Youth enjoy learning plant propagation in our greenhouse. They fill trays with seed starting soil mix, plant seeds, maintain seedlings, pot up seedlings to larger pots and eventually planted these outside in the planting beds that volunteers have established. Perils of Greenhouse Growing. We experienced many problems with predators this year. A rat or mouse got into our greenhouse and munched down many of our seedlings. We now trap mice and rats in all greenhouses. We also look carefully for holes in our perimeter defense and fill these immediately. Soil Restoration We spent early years on the farm turning barren dirt into soil, using regenerative agricultural methods. This land was a clean fill project of minerals with topsoil taken away, hence it was bereft of organic material. We covered the farm with two feet of mulch and one foot of organic horse manure (2 parts carbon and 1 part nitrogen = compost lasagna) and after it started to break down we planted it and watered with recycled water. Our soil is now rich in organic matter and has amazing water holding capacity. In the heavy rains, our fields have held the water and did not flood. Only our parking areas have water that does not readily percolate because they are compacted from cars driving on these. Our recycled asphalt driveway does perk slowly and County Quarry extended that to give us access to the new greenhouse when rain is heavy. Crops We planted a wide variety of crops including: cucumbers, zucchini, winter squash, tomatoes, potatoes, kale, lettuce, pumpkins, chard, peppers, eggplant, leeks, green onions, celery, parsley, sage, thyme, dill, basil, rosemary and other herbs in the field. Ground squirrels and rabbits ravaged our crops. Atmospheric rivers kept us from planting for months. Wildly 3 September 19, 2024 Regular Board Meeting Agenda Packet - Page 69 of 107 Page 6 of 17 AgLantis Annual Report for 2023 fluctuating temperatures with highs over 100 caused some crops to drop their blossoms and hence yield no produce. The only crops that thrived in the field were butternut squash (which we covered with sleeves of screening), Swiss chard (planted in early spring), celery, green onions, leeks, rosemary and peppers. We will be planting more of these in 2024. Crops grown in our 2nd greenhouse were more successful with turnips, beets, celery, and pumpkins. These yielded thousands of pounds of donations. N. NRCS/USDA 7% We were awarded NRCS/USDA EQUIP funding to build three high tunnel greenhouses (approximately 2000 square feet each) and to plant 1000' of hedgerows and 1000' of trees. 0 September 19, 2024 Regular Board Meeting Agenda Packet - Page 70 of 107 Page 7 of 17 AgLantis Annual Report for 2023 The first USDA greenhouse was built in 2023 and the foundations for the next two USDA greenhouses were completed. Unfortunately, the greenhouse company ran out of greenhouses, so we could not complete the 2nd and 3rd greenhouse in 2023. We grew lettuce and beets, parsley, celery and hot peppers in the completed USDA greenhouse. We have about 3 acres under field production (61 rows), plus two greenhouses for growing in ground and some cover crops in the fields. We anticipate having 5 high tunnel greenhouses in production by the end of 2024. We will have 5 acres of infrastructure and buildings: driveway, parking lots, water tanks, container, barn, AgraTech greenhouse (to be built) and irrigation infrastructure when in full production. 2) Environment Carbon Cycle, Carbon Sequestration in Soil, Water Reuse Most discussions of global warming focus on the excess CO2 being discharged into the atmosphere by human activity. However, the carbon cycle is a cycle and humans are not just interfering with the cycle by sending too many greenhouse gases into the atmosphere (the earth exhaling too much CO2). Humans are also interfering with the earth's ability to drawdown CO2 from the atmosphere (the earth's ability to inhale CO2 and sequester it in soil). Estimates are that 30% of global warming is caused by conventional agriculture which not only emits CO2, but also destroys the soil's ability to sink CO2. Organic methods are better, but they too can interfere with the carbon cycle by tilling, mono cropping, leaving fields barren and more. Our regenerative farming methods help drawdown CO2 from the atmosphere and sequester that carbon in our soil. We focus on protecting the microbes in the soil that sequester carbon in soil. Plants use atmospheric CO2 in photosynthesis and break the molecule giving off oxygen and sending carbon into the soil through their roots and exudates (sugars) that are processed by microbes and sequestered into the soil. We use regenerative methods such as: 5 September 19, 2024 Regular Board Meeting Agenda Packet - Page 71 of 107 Page 8 of 17 AgLantis Annual Report for 2023 no -till, diverse cropping, integrated -pest -management, cover crops, no fossil fuel fertilizers or pesticides, keeping the ground covered with plants or plant debris or mulch to protect the microbes from sun and wind and to provide carbohydrates to the microbes throughout the year. We benefit from regenerative methods because more carbon is sequestered in the soil which makes the soil hold more water and increases soil organic matter and fertility. Microbes provide other benefits to plants by making minerals bioavailable to the plants. Using recycled water rich in nutrients boost photosynthesis dramatically. Thus, the recycled water should be boosting carbon sequestration in soil. If nutrient rich recycled water can boost carbon sequestration in soil, this demonstrates how precious this resource is for reversing global warming Local NRCS/USDA representatives are working with us to develop a carbon farming plant, which should increase our drawdown of CO2. We may start soil testing as well. v H4Tn5?1a TiiFf Cp,�vAtF , 1800M 1S$ F �. J. LITTERFALL .+} r COrfPb$-r ri Co. The years we spent taking barren dirt and building soil fertility and restoring the hydrology of the barren dirt that was imported from all over the county prior to our taking possession of the property have paid off. Now, the soil is rich in organic matter and very fertile, productive and holds much more water. Boosting carbon sequestration is also part of the solution to drought, as carbon rich soils hold more water and foster the local water cycle. Our farm fields have not flooded in the torrential rains of 2022 or 2023. Instead, the fields have held the water like a giant sponge. The only areas that flooded were the highly compacted parking areas. We include a discussion of the carbon cycle in our orientation to our regenerative farm, along with education about recycled water and its safety and value. Our volunteers can follow regenerative practices in their own gardens and on their properties, which would reduce water runoff in storms and mitigate the effects of drought. This is a critical topic for more public education in our community. n September 19, 2024 Regular Board Meeting Agenda Packet - Page 72 of 107 Page 9 of 17 AgLantis Annual Report for 2023 Integrated Pest Management (IPM), No Pesticides We use organic IPM to grow our crops and AV intercropping strategies (putting crops next to each other that attract insects that eat the other crops predators or repel the other crops predators). For instance, we plant green onions, leeks and basil between our tomato plants because the insects that like tomatoes hate the onion and basil families and .. can smell them and stay away. Pesticides such as Round Up are not only toxic to humans, but they LK9A" also kill bees (https://www.sierraclub.org/sierra/new-study-shows-roundup-kills-bees) and the micro-organisms that work with plants to sink CO2 into the soil and increase soil organic matter. We have many bee hives on the farm and we need to provide safe food sources year round. The NRCS/USDA EQUIP funding will help us plant native trees and hedgerows that bloom in different seasons and provide food and habitat for beneficial insects all year round. 3) Education We have about 1000 volunteers per year, more than half of whom are youth. In 2023, some of these youth were interns paid for by the Contra Costa County Board of Education. Others participated for volunteer credit from their high schools or for court ordered volunteer hours (traffic tickets, parole, etc.). Some youth come with local charity organizations. We also have youth who are doing senior projects and we provide mentorship. Some adults come with their children. Others come for love of farming or gardening or to give back to others. There are many "regulars" who come time and again and know each other, building community. Volunteers go through a 30-45 minute orientation that includes the history of the farm, mission of AgLantis, and a discussion of recycled water, global warming, regenerative agriculture, carbon sequestration in soil, integrated -pest -management, and regenerative 7 September 19, 2024 Regular Board Meeting Agenda Packet - Page 73 of 107 Page 10 of 17 AgLantis Annual Report for 2023 practices they can do on their properties. Some parents report that their youth felt hopeless about climate change until they learned that we know how to drawdown CO2 from the atmosphere and sequester the carbon back in the ground where it belongs. We recommend that our volunteers watch "Kiss the Ground" on Netflix. Social Media Educational Outreach. AgLantis has a social media public education reach on Facebook and Instagram and reaches the public with information about recycled water and water reuse, regenerative agriculture, increasing soil organic matter, carbon sequestration in soil, climate change, restoring hydrologic cycle, carbon cycle, ecosystem restoration and other environmental topics. We also promote Central San's Household Hazardous Waste facility. Thousands of people are reached through social media. https://www.facebook.com/aglantis https://www.facebook.com/groups/383856271668096 httr)s://www.instaaram.com/cocosansustainablefarm/ https://www.slideshare.net/search?utf8=%E2%9C%93&searchfrom=header&q=carolyn+phin ney Volunteer Outreach on Websites: AgLantis has signed up with several volunteer websites. Each of these provide public education to those volunteers who read about the opportunity, whether or not they sign up. For instance, https://www.meetup.com/CoCo-Urban-Farm-Meetup-Group/ We had over 700 Meetup volunteers signed up by the end of 2023. Saturday is the most popular day for volunteering. We also have information posted on statewide websites and Silicone Valley websites. https://www.volunteermatch.org/search/oPP3298155.osp which reached 1271 potential volunteers in 2023, according to their report. https://causes.benevity.org/causesapp/dashboard/840-464634430 no outreach numbers available. We are on NextDoor, Vimeo, Slideshare and other websites. 4) Economic Development and Job Training. Workforce Development and Job Training has become a major part of our mission. The County Board of Education, Mt. Diablo High School District, the courts, and the state California Department of Rehabilitation see our farm as a safe and supportive place to send youth for fundamental job training skills and more. We did not expect this to be such a major part of what we contribute to the community. Some of these organizations send us interns, paid by their funds. We have several interns who come most weekends paid for by government agencies. September 19, 2024 Regular Board Meeting Agenda Packet - Page 74 of 107 Page 11 of 17 AgLantis Annual Report for 2023 5) Capital Improvements: As mentioned above, we built a 2000 square foot greenhouse, using methods that made it a temporary structure. We secured the greenhouse hoops in recycled asphalt, anchored the walls with 2" x 8" redwood rim joist and 24" metal stakes driven into the ground and attached to the rim joists. Then, wood end walls also hold the greenhouse from flying away like a huge umbrella. We built the foundations for two more 2000 square foot greenhouses (20' x 100'). Working with these public agencies can be a challenge because we have to outlay tens of thousands of dollars and are not paid until months after our work is completed, inspected and approved. County Quarry extended our driveway by about 100' using recycled asphalt. 6) ALUC (Airport Land Use Commission) Term Sheet and BIRD and WILDLIFE MANAGEMENT Birds were managed by covering much of the property with crops, cover crops and thick mulch which prevented birds from reaching worms and weed seeds. Only few birds come to the farm. We had the northwest area of the farm under crop production. Some of our seeds were covered with crop cloth during early growth phase. We heavily watered the seeds or planted just before rain, which deters birds from eating the seeds. We saw few Canadian geese this winter. The noise of the surrounding heavy industry on the property may have scared them away. We saw mammals on the farm this year, including coyotes, ground squirrels which were coyote food and large jack rabbits (some being chased by coyotes). All of our crops and activities complied with the ALUC Term sheet. 7) GOALS FOR 2024 Capital and other improvements planned for 2024 include the following: 1. Finish building NRCS/USDA high tunnel greenhouses. 2. Grow crops under protection of new greenhouses. 3. Continue produce donations. 4. Install 1000' of hedgerows. 5. Plant 1000' of trees as windbreak. 6. Hold Summer Camp for Underserved Youth, if funded (two grant applications submitted). 7. Grow seedlings in propagation greenhouse. 8. Increase the number of youth interns paid for by County, State and Federal agencies. 9. Work with interns from local high school to facilitate job skills. 9 September 19, 2024 Regular Board Meeting Agenda Packet - Page 75 of 107 Page 12 of 17 AgLantis Annual Report for 2023 10. Collaborate with Harmony Program to teach youth soft skills and foster emotional intelligence. 11. Continue public outreach and education, especially about recycled water and other environmental protection topics; 12. Continue practices that enhance carbon sequestration and ecological restoration and demonstrate these to public. 9) SCALABLE: Regional and National Importance of the Project There are about 5000 acres of buffer lands around Contra Costa sanitary/sanitation districts. These districts discharge more than 100,000,000 gallons per day of water that could be recycled and used to grow fresh produce for those in need. Our farm is a model that could be replicated by other sanitary/sanitation districts. This project has the capacity to make a huge impact on hunger and nutritional poverty in the county. It also provides a healthy environment for youth to get fresh air and exercise and learn fundamental job skills. Adults also benefit from farming. 10) ANNUAL FINANCIAL REPORT Indirect Contributions: Donations of mulch, spreading mulch, seedlings, trenching, digging post holes with machinery, backhoe ripping new planting beds, irrigation equipment, engineering, surveying, transportation costs, legal and financial, teaching time, planting, weeding, harvesting, organizing, fund-raising, etc. include thousands of hours of time donated and many hundreds of professional services, labor, materials and gas and equipment. The community has generously donated to make this urban regenerative farm a reality. Profit (Loss) and Cash Flow: Financial Income and Expenses Inrnme- Direct Public Support: $36,635 Interest: $131 TOTAL INCOME: $36,766 Expenses: TOTAL EXPENSES: $35,244 Cash Assets at the Beginning of the Year: $63,655 Cash Assets at the End of the Year: $38,945 10 September 19, 2024 Regular Board Meeting Agenda Packet - Page 76 of 107 Page 13 of 17 AgLantis Annual Report for 2023 Cash Deposits with Agencies: Central San $5,000; Conservation and Development $500; Public Works Deposit of 2/21/2019 @ $6,937 (amount used is unknown); County Treasurer $4,630 (prepaid property taxes while waiting for Organizational Clearance). Non -Monetary Contributions: In -Kind Donations Valuation (including Mulch, Recycled Asphalt, Driveway): $20,000 Volunteer Hours: 10,000 @ California's average is $37.32 per hour = $373,200 Misc. Heavy Equipment Work: _ $20,000 Total Estimated Non -Monetary Contributions: $418,200 2023 Balance Sheet: See Attached Cash on Hand as of 12/31/2023: $38,945 Accounts Receivable: $8,022.00 from Contra Costa County, Keller Canyon Mitigation Funds (Does not include about $23,000 in NRCS/USDA funds which are only paid when projects are completed and approved. We have to outlay cash and they reimburse.) See Attached Exhibits 1: 2023 Reconciling Cash Flow to Profit/Loss Exhibit 2: 2023 Profit and Loss Statement Exhibit 3: 12/31/23 Balance Sheet and Exhibit 4: 2024 Operating Budget 11 September 19, 2024 Regular Board Meeting Agenda Packet - Page 77 of 107 Page 14 of 17 Exhibit 1: 2023 Reconciling Cash Flow to Profit/Loss Cash at Dec 31, 2022 Positive Cash Flow Items Difference in Income/Expenses Liabilities expensed but not paid Reduction in supplies account 481(a) Adjustment for Cash -> Accrual Negative Cash Flow Items Change in Contributions Receivable (Revenue, but not in account) Increase in Prepaid Expenses Increase in Fixed assets Decrease in Notes Payable Calculated Cash at Dec 31, 2023 Actual Cash at Dec 31, 2023 Difference $64,480.78 $1,521.97 $4,045.32 $967.56 $1,133.87 $8,021.68 $4,630.05 $17,553.26 $3,000.00 $38,944.51 $38,944.51 $0.00 September 19, 2024 Regular Board Meeting Agenda Packet - Page 78 of 107 AgLantis Page 15 of 17 Exhibit 2 Profit and Loss Statement January - December 2023 Revenue Donations Donations directed by individuals Government grants & contracts Total Donations Total Revenue GROSS PROFIT Expenditures Advertising & marketing Insurance Occupancy Rent Utilities and Phone Total Occupancy Office & Administration Other Taxes Payroll expenses Payroll Taxes Salaries & wages Workers' compensation insurance Total Payroll expenses Processing Fees Supplies Travel & Entertainment Total Expenditures NET OPERATING REVENUE Other Revenue Interest Earned Total Other Revenue Other Expenditures Depreciation Total Other Expenditures NET OTHER REVENUE NET REVENUE TOTAL 11,134.61 7,418.00 18,082.48 36,635.09 $36,635.09 $36,635.09 116.40 3,213.12 13.00 401.40 414.40 785.15 266.28 9,086.74 3,971.56 2,537.52 2,145.94 17,741.76 66.56 6,829.38 1,382.12 $30,815.17 $5,819.92 131.09 $131.09 4,429.04 $4,429.04 $-4,297.95 $1,521.97 September 19, 2024 Regular Board Meeting Agenda Packet - Page 79 of 107 Page 16 of 17 12/31/2023 Balance Sheet AgLantis For Year Ending 12/31/2023 ETS -ent Assets Cash 39,945 Inventory AccountReceivable : ,, Other Current Assets 5,847 Prepaid Expenses J Deposits 4,630 i Current Assets 57,444 Term Assets Land & Improvements Buildings Equipment Other Fixed Assets Accum Depreciation Long Term Assets Assets LIABILITIES Current Liabilities CPLTD Trade Payable Salaries & Wages Payable Taxes Payable Other Total Current Liahilities Long Term Liabilities Term Debt LTP 72,828 Other 14,500 Total Long Term Liabilities Total Liabilties -4,429 OWNERS EQUITY Draws 132,353 Capital Total Owners Equity 189,797 Total Liabilities and Owners Equity Exhibit 3 0 0 718 3.327 4,045 4,000 0 4000 9045 0 181752 181752 189797 September 19, 2024 Regular Board Meeting Agenda Packet - Page 80 of 107 Page 17 of 17 AgLantis Annual Report for 2023 Exhibit 4: 2024 Operating Budget AgLantis Breakeven Analysis For Year Ending 12/31 /2024 Donations, Grants & Contracts 50,000 Fixed Costs: Rent 13 Payroll and Payroll Taxes 20,000 Travel & Ent 2,000 Prof. & Acctg 2,000 Equipment 10,000 Insurance 3,500 Interest 150 Rep & Maint. 500 Utilities 400 Office & Administration 1,000 Other Taxes 4,800 (Until receive Organizational Clearance) Total Fixed Costs 44,350 Cost of Goods Sold Percentage 0% Breakeven 44,350 12 September 19, 2024 Regular Board Meeting Agenda Packet - Page 81 of 107