2022 September Board Book
California Milk Advisory Board Statement of Income and Expenses As of July 31, 2022
Month Ending CY % to Month Ending PY % to Year Ending 7/31/2022 Budget 7/31/2021 Budget 12/31/2022 Actual PY Budget
Revenue Assessment Income *
24,621,513 $
24,868,244 $
41,565,752 $
59% 58%
61% 66%
Non-Assessment Income **
60,397
73,113
105,000 35,000
Other Income Total Revenue Expenses Advertising Communications Domestic Retail
131,469 376%
53,438
534%
24,813,379
24,994,795
41,705,752
59%
62%
11,162,055 2,342,373 2,707,791 730,829 2,245,248 1,008,244 549,569 426,817 400,277
8,946,757 2,177,797 2,908,400 298,701 1,631,855 283,657 492,459 645,237 257,510 225,865 1,137,271 19,009,478 3,969
18,310,000 4,501,000 6,804,000 2,175,000 6,417,388 1,444,000 1,081,600 820,000 715,750 48,000 1,005,000 1,742,624 45,064,362
61% 52% 40% 34% 35% 70% 51% 52% 56% 15% 36% 50% 51% 41% 59% 35% 22% 50% 72%
49% 53% 43% 14% 25% 25% 46% 55% 36% 15% 75% 42% 8%
Foodservice
International Initiative
Tradeshows
Processor Relations Industry Intelligence Producer Relations
Education and Community Relations
7,041
CDIC
365,888 866,312
Dairy Research Foundation
22,812,444
Office Operational
194,678 51,714 14,733 17,967 92,302 26,660 11,475 30,415 42,190 495,297 24,739 30,369 9,275 54,888 32,000 10,967 -
298,085 74,708 2,094 34,942 103,608 19,310 9,998 33,451 36,379
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
63% 66%
Rent
Travel & Automobile
4%
Legal
42% 57% 64%
Insurance - Employee Freight & Postage Employee Education Liability Insurance Money Investment Plan Admin Salary & Wages Board Travel Expenses Board Meeting Expenses Retirement Plan
115%
100%
56% 51%
74% 58%
330,000 513,409 (1,029.00)
0%
110%
55% 45% 33% 66% 44% 67% 58% 44%
64% -2%
6,872 3,900 51,839
9%
Board Per Diem Marketing Branch
22% 41% 63% 58% 62%
Fiscal & Compliance Audit Assessment Collection Fee
28,500 10,900
1,139,669
1,556,966
2,616,650
Total Expenses
23,952,113 $
47,681,012 $
20,566,444 $
50%
43%
Year to Date Payroll: $2,221,405 * Estimated July Assessment at $3,388,140 ** Estimated June and July Non-Assessment at $17,000
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