2018 September Board Book

California Milk Producers Advisory Board Comparative Statement of Income and Expenses For the 7 Months Ended July 31, 2018 and 2017

18-Jul

%

17-Jul

%

2018 Budget

Revenue Assessments

23,658,732.43 $

61 40

23,550,640.89 $

60 80

39,000,000.00 $

Non-Assessment Income

$

154,324.84

$

350,349.26

$

385,000.00

23,813,057.27 $

61

23,900,990.15 $

61

39,385,000.00 $

Program Expenses Advertising Communications

7,893,802.65 $ 1,943,050.95 $ 2,127,755.22 $

43 55 39 24 47 65 56 79 31 18 75 75 67 59

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

9,269,416.89 2,055,983.56 2,374,378.09 334,942.31 2,395,692.23 909,953.78 164,647.95 277,124.04 237,563.27

51 51 38 19 41 84 48 69 52

18,455,000.00 $

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

3,529,000.00 5,497,000.00 1,550,000.00 5,450,000.00 1,085,000.00 610,000.00 400,000.00 456,904.00 305,000.00 248,600.00 47,000.00 75,000.00 140,000.00 40,000.00 30,000.00 40,000.00 45,000.00 100,000.00 740,000.00 55,000.00 85,000.00 30,000.00 90,000.00 25,000.00 48,000.00 1,942,096.00

Business Development

Foodservice International Tradeshows

$

376,225.46

2,584,244.19 $

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

702,232.87 342,240.67 315,088.04 142,016.29

Processor Relations Industry Intelligence Producer Relations

Education/Community Rels CA Dairy Research Foundation

8,519.78

3,335.97

2

1,456,572.00 $

1,462,500.00

75

Operation Expenses Office Operational

228,576.45 165,688.70 27,614.71 75,737.45 75,117.53 18,535.86

224,757.48 160,476.90 28,351.45 36,842.31 44,649.83 20,528.34

76 66 63 49 33 51

Rent

Travel & Automobile

Legal

101

Insurance - Employee

54 46

Freight & Postage

Automobile Purchases

-

0

-

0

Liability Insurance

43,578.90 21,303.85

109

38,578.00 24,724.30

96 62

Money Investment Plan

47

Retirement Plan

-

0

-

0

Admin. Salary & Wages Board Travel Expenses Board Meeting Expenses

386,214.91 56,772.96 46,682.71 21,425.00 48,463.67

52

434,473.23 35,977.61 45,015.70 15,125.00 41,822.75

59 48 45 38 46

103

55 71 54

Board Per Diem Marketing Branch

Fiscal & Compliance Audit Assessment Collection Fee

-

0

-

0

8,500.00

100

5,000.00

100

8,500.00

Total Expenses

19,115,960.82 $

47

20,641,860.99 $

48

41,127,100.00 $

Net Income

4,697,096.45 $

$

3,259,129.16

YTD Payroll $1,715,000.00