2023 March Board Book

California Milk Advisory Board Statement of Income and Expenses As of November 30, 2022

Month Ending CY % to

Month Ending

Year Ending 12/31/2022

PY % to

11/30/2022

11/30/2021

Budget

Budget

Actual

PY

Budget

Revenue Assessment Income *

38,165,422 $

$

38,202,172

41,565,752 $

92%

94%

Non-Assessment Income **

85,201 289,532

91,463

105,000 35,000

81%

83%

Other Income Total Revenue

56,100

827%

561%

38,540,155

38,349,736

41,705,752

92%

94%

Expenses Advertising

16,120,531 3,766,003 4,831,375 1,478,862 4,446,422 1,272,585

15,976,188 3,614,245 4,986,595 3,450,380 580,527 744,293 960,956 437,231 18,573 386,853 1,516,361 33,491,210 819,007

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

88%

87%

Communications Domestic Retail

84%

87%

71%

73%

Foodservice

68%

37%

International Initiative

69%

52%

Tradeshows

88%

52%

Processor Relations Industry Intelligence Producer Relations

843,814 543,985 507,856 15,214 588,646

78%

69%

820,000 715,750 48,000

66%

81%

71%

61%

Education and Community Relations

32%

39%

CDIC

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

59%

26%

Dairy Research Foundation

1,732,624 36,147,915

99%

100%

80%

74%

Office Operational

297,108 81,224 23,411 27,045 141,512 45,487 11,475 46,343 63,752 725,164 35,149 78,823 13,225 88,569 46,000 18,233 -

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

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

62%

82%

Rent

93%

91%

Travel & Automobile

56%

38%

Legal

33%

51%

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

76%

89%

123%

115%

9,998

115%

100%

49,632 57,167

86%

110%

78%

91%

330,000 796,167

0%

110%

80%

99%

11,179

64%

17%

38,892

87%

51%

Board Per Diem Marketing Branch

8,925

94%

50%

85,830

71%

69%

Fiscal & Compliance Audit Assessment Collection Fee

44,500 13,600

96%

99%

97%

72%

1,742,521

2,194,876

2,616,650

67%

88%

Total Expenses

37,890,436 $

$

35,686,086

47,681,012 $

79%

75%

Year to Date Payroll: $3,452,865

* Estimated November Assessment at $3,321,758 ** Estimated October and November Non-Assessment at $13,000