2022 March Board Book

California Milk Advisory Board Statement of Income and Expenses As of November 30, 2021

Month Ending CY % to

Month Ending

Year Ending 12/31/2021

PY % to

11/30/2021

11/30/2020

Budget

Budget

Actual

PY

Budget

Revenue Assessment Income

38,202,172 $

$

37,548,083

40,486,121 $

94%

94%

Non-Assessment Income

91,463 56,100

93,416

110,000 10,000

83%

83%

Other Income Total Revenue

16,851

561%

19%

38,349,736

37,658,350

40,606,121

94%

94%

Expenses Advertising

15,976,188 3,614,245 4,986,595

15,243,103 3,288,511 4,542,571

18,310,000 4,143,000 6,785,000 2,200,000 6,594,000 1,116,000 1,073,600 1,180,000

87%

78%

Communications Domestic Retail

87%

88%

73%

87%

Foodservice

819,007

751,804

37%

42%

International Initiative

3,450,380

3,137,378

52%

48%

Tradeshows

580,527 744,293 960,956 437,231 18,573 386,853

344,908 710,831 665,342 349,569 14,983

52%

26%

Processor Relations Industry Intelligence Producer Relations

69%

68%

81%

111%

712,750 48,000

61%

53%

Education and Community Relations

39%

31%

CDIC

-

1,500,000 1,516,316 45,178,666

26%

0%

Dairy Research Foundation

1,516,361 33,491,210

1,777,517 30,826,517

100%

0%

74%

72%

Office Operational

389,084 103,753 17,656 42,174 161,947 34,373

341,269 244,932 15,644 40,906 155,007 30,091

476,000 113,750 47,000 83,000 181,984 30,000 10,000 45,000 63,000 300,000 803,812 65,000 77,000 18,000 125,000 45,000 18,800 -

82%

72%

Rent

91%

92%

Travel & Automobile

38%

33%

Legal

51%

49%

Insurance - Employee Freight & Postage Employee Education Automobile Depreciation

89%

92%

115%

100%

9,998

5,400 2,015

100%

36%

-

0%

92%

Liability Insurance

49,632 57,167

38,076 48,225

110%

85%

Money Investment Plan

91%

82%

Retirement Plan

330,000 796,167

400,000 699,016 15,199 18,742 10,800 104,497 40,025 17,025 2,226,867

110%

400%

Admin Salary & Wages Board Travel Expenses Board Meeting Expenses

99%

90%

11,179

17%

23%

38,892

51%

24%

Board Per Diem Marketing Branch

8,925

50%

60%

85,830

69%

84%

Fiscal & Compliance Audit Assessment Collection Fee

44,500 13,600

99%

89%

72%

91%

2,194,876

2,502,346

88%

92%

Total Expenses

35,686,086 $

$

33,053,384

47,681,012 $

75%

73%

Year to Date Payroll: $3,271,994

* Estimated November Assessment at $3,300,000