2023 September Board Book

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

Month Ending CY % to Month Ending PY % to Year Ending 7/31/2023 Budget 7/31/2022 Budget 12/31/2023 Actual PY Budget

Revenue Assessment Income *

$ 24,409,069

59% $ 24,621,513

59% $ 41,530,000

Non-Assessment Income **

64,668

60,397

95,000 245,000

68%

58%

Other Income

785,841 321%

131,469 376%

-

-

Outside Income - Grant Reim

132,189

Total Revenue

25,391,766

24,813,379

41,870,000

61%

59%

Expenses

Advertising

9,789,831 2,304,804 2,866,124 748,835 3,170,350 1,271,409 466,829 395,167 341,085 352,069 1,299,725 23,008,783 2,554

11,162,055 2,342,373 2,707,791 730,829 2,245,248 1,008,244 549,569 426,817 400,277

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

55% 57% 45% 34% 49% 87% 48% 52% 49% 43% 75% 53% 5%

61% 52% 40% 34% 35% 70% 51% 52% 56% 15% 36% 50% 51% 41% 59% 35% 22% 50% 72% 56% 51% 55% 45% 33% 66% 44% 67% 58% 44% 0%

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

7,041

CDIC

365,888 866,312

Dairy Research Foundation

1,732,966 43,323,362

22,812,444

Office Operational

212,366

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 -

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 -

45%

Rent

3,982

5%

Travel & Automobile

12,613 10,341 88,074 28,840 70,533 30,124 39,536 413,467 27,795 29,983 6,825 57,632 28,500 12,717 79

32% 17% 50% 60%

Legal

Insurance - Employee Freight & Postage Employee Education Depr, Amort & Interest Liability Insurance Money Investment Plan Admin Salary & Wages Board Travel Expenses Board Meeting Expenses

1% 0%

115%

52% 55% 52% 56% 33% 49% 46% 61% 60% 49%

Board Per Diem Marketing Branch

Fiscal & Compliance Audit Assessment Collection Fee

1,073,409

1,139,669

2,176,638

Total Expenses

$ 24,082,192

53% $ 23,952,113

50% $ 45,500,000

Year to Date Payroll: $2,155,055 * Estimated July Assessment at $3,456,248 ** Estimated June and July Non-Assessment at $18,500