2024 March Board Book

California Milk Advisory Board Statement of Income and Expenses As of November 30, 2023

Month Ending CY % to Month Ending PY % to Year Ending 11/30/2023 Budget 11/30/2022 Budget 12/31/2023 Actual PY Budget

Revenue Assessment Income *

$ 37,276,270

90% $ 38,165,422

92% $ 41,530,000

Non-Assessment Income **

91,639

85,201

95,000 245,000

96%

81%

Other Income

1,077,835 440%

289,532 827%

-

-

Outside Income - Grant Reim

132,189

Total Revenue

38,577,932

38,540,155

41,870,000

92%

92%

Expenses

Advertising

15,460,623 3,537,961 4,455,262 1,772,373 5,164,591 1,441,187

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

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

87% 88% 70% 81% 80% 99% 74% 75% 70% 41% 93%

88% 84% 71% 68% 69% 88% 78% 66% 71% 32% 59% 99% 80% 62% 93% 56% 33% 76% 86% 78% 80% 64% 87% 94% 71% 96% 97% 67% 0%

Communications Domestic Retail

Foodservice

International Initiative

Tradeshows

Processor Relations Industry Intelligence Producer Relations

722,841 567,229 484,214 19,866 755,642

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

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

Education and Community Relations

CDIC

Dairy Research Foundation

1,732,966 100%

1,732,624 36,147,915

1,732,966 43,323,362

36,114,754

83%

Office Operational

308,580 6,056 19,126 17,627 142,411 43,756 106,951 46,196 62,128 633,962 39,054 42,839 10,225 94,348 47,750 19,984 79

297,108 81,224 23,411 27,045 141,512

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 -

65%

Rent

7%

Travel & Automobile

48% 28% 81% 91%

Legal

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

45,487 123%

11,475

1% 0%

115%

-

46,343 63,752 725,164 35,149 78,823 13,225 88,569 46,000 18,233

80% 86% 79% 78% 47% 73% 75%

Board Per Diem Marketing Branch

Fiscal & Compliance Audit Assessment Collection Fee

102%

94% 75%

1,641,072

1,742,521

2,176,638

Total Expenses

$ 37,755,826

83% $ 37,890,436

79% $ 45,500,000

Year to Date Payroll: $3,386,515 * Estimated November Assessment at $3,227,499 ** Estimated October and November Non-Assessment at $15,000

Comparative Statement of Income and ExpensesNovember 30, 2023

12/13/2023