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