2024 May Board Book

California Milk Advisory Board Statement of Financial Position

Audited

Audited

Audited

Audited

Audited

Audited

12/31/2023

12/31/2022

12/31/2021

12/31/2020

12/31/2019

12/31/2018

12/31/2017

Assets

Current Assets Cash - Checking

10,365,165

9,682,500

12,790,971

9,860,243

5,309,335

5,805,538

3,910,179

Cash - Payroll

4,006

4,640

4,021

1,918

8,395

34,628

105,501

Total Cash and Cash Equivalents

10,369,171

9,687,140

12,794,992

9,862,161

5,417,730

6,915,402

5,090,778

Accounts Receivable

7,892,001 (526,565) 7,365,436

8,132,230 (826,000) 7,306,230

7,725,111 (702,000) 7,023,111

9,301,881 (555,000) 8,746,881

8,842,840 (325,000) 8,517,840

6,680,000

7,911,491

Allowance for Doubtful Accounts

-

-

Accounts Receivable, Net

6,680,000

Prepaid Expenses Total Current Assets

722,762

675,267

619,310

781,189

985,585

658,206

243,028

18,457,370

17,668,637

20,437,414

19,390,230

14,921,155

14,253,608

13,245,297

Long-Term Assets Property & Equipment (office lease)

-

-

-

- -

2,015

8,255

29,511

Operating Lease ROU Asset Deposits & Other Receivables

920,886 16,076 936,962

1,003,449

1,079,660

-

-

118,216

152,435

121,268 121,268

74,572 76,587

1,100,000 1,108,255

792,049 821,560

Total Long-Term Assets

1,121,665

1,232,095

Investments

Long Term Investments

-

-

-

-

-

259,808

415,034

Total Assets

$ 19,394,332

$ 18,790,302

$ 21,669,509

$ 19,511,498

$ 14,997,742

$ 15,621,672

$ 14,481,891

Liabilities and Net Assets Short-term Liabilities Accounts Payable

1,966,695 1,982,311

796,852

991,096

1,486,852 2,156,428

-

-

-

Accrued Liabilities

1,702,989

1,627,867

2,432,866

1,994,225

2,667,771

Other Short-Term Liabilities Operating Lease ROU - Current

590,801 56,107

551,859 51,802

530,934 48,110

476,605

- -

37,199

31,424

-

-

Total Short-Term Liabilities

4,595,915

3,103,502

3,198,006

4,119,885

2,432,866

2,031,424

2,699,195

Other LT Liabilities Operating Lease ROU - Noncurrent Net Pension Liability (GASB 68)

945,148

1,001,255

1,031,550

-

-

- - - -

- -

- -

897,718

113,981 894,611

758,821 532,294

- - -

Deferred Inflows of Resources

-

Total Long-Term Liabilities

945,148

1,001,255

1,929,268

1,008,592

1,291,115

Net Assets

13,853,269

14,685,545

16,542,234

14,383,021

11,273,761

13,590,248

11,782,695

Total Liabilities and Net Assets

$ 19,394,332

$ 18,790,302

$ 21,669,509

$ 19,511,498

$ 14,997,742

$ 15,621,672

$14,481,891

Statement of Financial PositionCMAB 7 year Balance Sheet