2019 September Board Book

California Milk Advisory Board Statement of Income and Expenses As of June 30, 2019

Month Ending CY % to Month Ending PY % to

Year Ending 12/31/2019

6/30/2019

6/30/2018

Budget

Budget

Actual

Budget

PY

Revenue Assessment Income

20,149,642 $

17,495,279 $

39,500,000 $

51%

45%

Non-Assessment Income

57,524 50,961

151,309

230,000

25%

39%

Other Income Total Revenue

-

-

20,258,127

17,646,588

39,730,000

51%

45%

Expenses

Advertising

7,724,749 1,712,623 2,547,116

7,015,325 1,607,018 2,074,565

19,555,000 3,923,000 6,317,000 1,600,000 6,280,000 1,070,000

40%

37%

Communications Domestic Retail

44%

46%

40%

38%

Foodservice

404,358

359,569

25%

23%

International Initiative

2,038,276

2,106,434

32%

39%

Tradeshows

317,690 311,400 197,072 182,817

649,087 311,112 222,713 150,118

30%

60%

Processor Relations Industry Intelligence Producer Relations

660,000 600,000 456,904 48,000

47%

51%

33%

56%

40%

33%

Education and Community Relations

2,985

1,760

6%

4%

Dairy Research Foundation

748,896

971,048

1,497,792 42,007,696

50%

50%

16,187,982

15,468,749

39%

39%

Office Operational

224,554 127,594 21,748 32,026 77,875 14,001

219,525 145,948 22,855 39,231 62,069 14,372

476,000 260,000 47,000 83,000 127,000 30,000 15,000 30,000 36,000 40,000 100,000 775,000 55,000 85,000 30,000 115,000 25,000 17,000

47%

72%

Rent

49%

59%

Travel & Automobile

46%

49%

Legal

39%

52%

Insurance - Employee Freight & Postage Employee Education Automobile Depreciation

61%

44%

47%

36%

-

- -

0%

3,083

10%

0%

Liability Insurance

14,865 27,578

32,655 21,304

41%

82%

Money Investment Plan

69%

47%

Retirement Plan

100,000 393,159

-

100%

0%

Admin Salary & Wages Board Travel Expenses Board Meeting Expenses

394,432 40,908 21,382 14,675 26,033

51%

53%

37,978 19,454 11,775 58,826 29,200

69%

74%

23%

25%

Board Per Diem Marketing Branch

39%

49%

51%

29%

Fiscal & Compliance Audit Assessment Collection Fee

- -

117%

0%

-

0%

0%

1,193,717

1,055,389

2,346,000

51%

50%

Total Expenses

17,381,700

16,524,138

44,353,696

39%

40%

Year to Date Payroll: $1,496,323

8/21/20191:48 PM

Comparative Statement of Income and Expenses_June

June 30, 2019