2023 May Board Book

California Milk Advisory Board Statement of Income and Expenses As of March 31, 2023

Month Ending CY % to Month Ending PY % to Year Ending 3/31/2023 Budget 3/31/2022 Budget 12/31/2023 Actual PY Budget

Revenue Assessment Income *

$ 10,476,186

25% $ 10,480,968

25% $ 41,530,000

Non-Assessment Income **

26,208 52,444

25,557

95,000 245,000

28% 21% 25% 13% 23% 10% 15% 15% 28% 20% 17% 23% 16% 25% 15% 23% 26% 13% 0%

24%

Other Income Total Revenue

61,484 176%

10,554,839

10,568,009

41,870,000

25%

Expenses

Advertising

2,252,014 925,992 643,680 318,810 949,613 410,848 199,641 128,713 158,172 132,255 433,242 6,552,979 -

2,691,083 966,137 779,981 218,020 609,271 367,384 278,698 224,661 164,160 151,226 433,156 6,884,706 928

17,834,000 4,039,000 6,350,000 2,175,000 6,438,388 1,459,000

15% 21% 11% 10% 25% 26% 27% 23% 15% 25% 15% 19% 25% 24% 18% 24% 26% 9% 2%

Communications Domestic Retail

Foodservice

International Initiative

Tradeshows

Processor Relations Industry Intelligence Producer Relations

981,600 753,658 695,750 48,000 816,000

Education and Community Relations

CDIC

Dairy Research Foundation

1,732,966 43,323,362

Office Operational

109,622 22,464 1,720 38,216 15,216 5,096

91,771 22,203 14,815 44,562 9,717 14,160 20,628 -

476,000 87,600 40,000 62,000 174,838 48,000 10,000 58,000 72,000 800,000 50,000 91,000 14,000 125,000 47,000 21,200 -

Rent

Travel & Automobile

10,290

Legal

3%

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

22% 32%

-

0%

0%

13,958 16,944

24% 24%

26% 25%

-

352,234 246,603 13,872 17,886

0%

117%

187,358 6,636 13,058 2,450 24,918

23% 13% 14% 18% 20%

27% 25% 20% 35% 20%

Board Per Diem Marketing Branch

4,850 25,499

Fiscal & Compliance Audit Assessment Collection Fee

-

-

0%

0%

5,450

4,397

26% 21%

23% 34%

463,107

893,487

2,176,638

Total Expenses

$ 7,016,086

15% $ 7,778,193

16% $ 45,500,000

Year to Date Payroll: $923,595 * Estimated March Assessment at $3,667,949 ** Estimated February and March Non-Assessment at $17,000