2022 December Board Book

California Milk Advisory Board Statement of Income and Expenses As of October 31, 2022

Month Ending CY % to

Month Ending

Year Ending 12/31/2022

PY % to

10/31/2022

10/31/2021

Budget

Budget

Actual

PY

Budget

Revenue Assessment Income *

34,859,825 $

$

34,793,876

41,565,752 $

84%

86%

Non-Assessment Income **

78,628 210,132

86,789

105,000 35,000

75%

79%

Other Income Total Revenue

56,100

600%

561%

35,148,585

34,936,765

41,705,752

84%

86%

Expenses Advertising

14,299,749 3,288,157 4,277,317 1,287,345 3,934,171 1,224,779

13,843,939 3,305,042 4,244,005 2,687,640 514,120 668,604 755,744 368,334 13,661 333,388 1,137,271 28,509,826 638,079

18,310,000 4,501,000 6,804,000 2,175,000 6,417,388 1,444,000 1,081,600

78%

76%

Communications Domestic Retail

73%

80%

63%

63%

Foodservice

59%

29%

International Initiative

61%

41%

Tradeshows

85%

46%

Processor Relations Industry Intelligence Producer Relations

776,351 537,660 475,047 15,214 490,087

72%

62%

820,000 715,750 48,000

66%

64%

66%

52%

Education and Community Relations

32%

28%

CDIC

1,005,000 1,742,624 45,064,362

49%

22%

Dairy Research Foundation

1,299,468 31,905,344

75%

75%

71%

63%

Office Operational

275,806 73,917 21,351 24,695 129,137 41,115 11,475 42,361 58,361 672,182 34,456 46,372 12,675 71,051 46,000 16,850 -

363,616 96,492

476,000 87,600 42,000 83,000 185,000 37,000 10,000 54,000 82,250 300,000 908,000 55,000 91,000 14,000 125,000 48,000 18,800

58%

76%

Rent

84%

85%

Travel & Automobile

9,180

51%

20%

Legal

42,174 146,882 30,886

30%

51%

Insurance - Employee Freight & Postage Employee Education Liability Insurance Money Investment Plan Admin Salary & Wages Board Travel Expenses Board Meeting Expenses Retirement Plan

70%

81%

111%

103%

9,998

115%

100%

45,587 51,970

78%

101%

71%

82%

330,000 726,929

0%

110%

74%

90%

11,179

63%

17%

36,046

51%

47%

Board Per Diem Marketing Branch

8,825

91%

49%

77,490

57%

62%

Fiscal & Compliance Audit Assessment Collection Fee

44,500 12,000

96%

99%

90%

64%

1,577,805

2,043,752

2,616,650

60%

82%

Total Expenses

33,483,149 $

$

30,553,578

47,681,012 $

70%

64%

Year to Date Payroll: $3,145,000

* Estimated October Assessment at $3,411,154 ** Estimated September and October Non-Assessment at $13,600