May'19 Board Book

California Milk Advisory Board Statement of Income and Expenses As of March 31, 2019

Month Ending

Year Ending 12/31/2019

% to

3/31/2019

Budget

Actual

Budget

Revenue Assessment Income

$

8,545,700

39,500,000 $

22%

Non-Assessment Income

32,431

230,000

14%

Total Revenue

8,578,131

39,730,000

22%

Expenses

Advertising

2,526,953

19,555,000 3,703,000 5,717,000 1,550,000 5,780,000 1,070,000

13%

Communications

870,299

24%

Business Development

1,159,925

20%

Foodservice International Tradeshows

153,379

10%

1,095,012

19%

151,624 200,346 103,097 79,280

14%

Processor Relations Industry Intelligence Producer Relations

660,000 600,000 456,904 48,000

30%

17%

17%

Education and Community Relations

1,816

4%

Dairy Research Foundation

374,448

1,497,792 40,637,696

25%

6,716,179

17%

Office Operational

116,747 63,900 14,364

476,000 260,000 47,000 83,000 127,000 30,000 15,000 30,000 36,000 40,000 100,000 775,000 55,000 85,000 30,000 115,000 25,000 17,000

25%

Rent

25%

Travel & Automobile

31%

Legal

4,694

6%

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

38,448

30%

7,453

25%

0 0

0%

0%

6,477

18%

12,974

32%

0

0%

207,767 21,390

27%

39%

9,749 5,225 5,500 2,775

11%

Board Per Diem Marketing Branch

17%

5%

Fiscal & Compliance Audit Assessment Collection Fee

11%

0

0%

517,461

2,346,000

22%

Total Expenses

7,233,640

42,983,696

17%

Year to Date Payroll: $742,917.42