2025 May Board Book

California Milk Advisory Board Statement of Income and Expenses As of March 31, 2025

Month Ending CY % to

Month Ending

Year Ending 12/31/2025

PY % to

3/31/2025

3/31/2024

Budget

Budget

Actual

PY

Budget

Revenue Assessment Income *

$ 10,012,057

25% $ 10,461,684

$ 39,441,046

26%

Non-Assessment Income **

25,782 189,420

25,880 261,708 81,522

94,610 641,585 125,000

27%

27%

Other Income

30%

48%

Outside Income - Grant Reim

-

0%

37%

Total Revenue

10,227,260

10,830,795

40,302,241

25%

26%

Expenses

Advertising

2,076,007

2,950,019 927,852 791,905 441,145 480,755 195,026 149,472 135,834 1,065,925

16,884,000 4,139,000 6,665,000 2,505,000 7,338,388 1,759,000 1,416,600

12%

17%

Communications Domestic Retail

820,602 937,981 350,398

20%

23%

14%

12%

Foodservice

14%

19%

International Initiative

1,107,719 463,801 219,090 146,139 110,630

15%

17%

Tradeshows

26%

29%

Processor Relations Industry Intelligence Producer Relations

15%

19%

773,658 624,923

19%

19%

18%

22%

Education and Community Relations

4,941

1,270

48,000

10%

3%

CDIC

224,942 460,000

180,570 424,183

1,323,581 1,840,000 45,317,150

17%

16%

Dairy Research Foundation

25%

25%

6,922,250

7,743,956

15%

18%

Office Operational

85,032

78,006

476,000

18%

16%

Rent

1,898 3,026 6,975

2,246 5,124 5,431

8,550

22%

39%

Travel & Automobile

42,000 45,000 178,000 45,000 10,000 110,000 58,000 72,000 762,200 50,000 110,000 15,000 125,000 52,500 23,600

7%

12%

Legal

16%

12%

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

44,924

41,679

25%

24%

9,493

7,007

21%

15%

-

-

0%

0%

26,693 14,160 18,173 192,849 11,482 32,941

27,152 14,245 17,489 184,891 20,552 28,223

24%

23%

24%

25%

25%

24%

25%

25%

23%

41%

30%

28%

Board Per Diem Marketing Branch

3,375

5,100

23%

48%

26,106

21,339

21%

17%

Fiscal & Compliance Audit Assessment Collection Fee

-

-

0%

0%

5,450

5,450

23%

25%

482,578

463,935

2,182,850

22%

22%

Total Expenses

$ 7,404,828

16% $ 8,207,891

$ 47,500,000

18%

Year to Date Payroll: $1,215,486 * Estimated March Assessment at $3,531,620 ** Estimated March Non-Assessment at $8,500