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INCOME SOURCE
ASSESSMENTS
TRANS. FROM QUALIFIED PROGRAMS
NON-ASSESSMENT INCOME
REQUIRED RESERVE CARRYOVER
CASH BALANCE CARRYOVER
CALIFORNIA MILK ADVISORY BOARD
Budget VS Actual For Calendar Year
January 1, 2016 through December 31, 2016
INCOME
Budget
Budget
Budget
Original
Revisions
Revised
$41,000,000.00
$0.00
$41,000,000.00
$0.00
$0.00
$0.00
$300,000.00
$0.00
$300,000.00
$500,000.00
$0.00
$500,000.00
$9,500,000.00
$0.00
$9,500,000.00
$51,300,000.00
$0.00
$51,300,000.00
EXPENDITURES
Budget
Budget
Budget
Original
Revisions
Revised
ADVERTISING, PROMOTION AND RESEARCH PROGRAMS
ADVERTISING
$20,500,000.00
$0.00
$20,500,000.00
MARKET ENHANCEMENT
$8,820,000.00
$0.00
$8,820,000.00
FOODSERVICE
$1,380,000.00
$0.00
$1,380,000.00
CA DAIRY RESEARCH FOUNDATION
$2,452,974.00
$0.00
$2,452,974.00
EDUCATION & COMMUNITY RELATIONS
$300,000.00
$0.00
$300,000.00
PRODUCER RELATIONS
$749,000.00
$0.00
$749,000.00
COMMUNICATIONS
$3,975,000.00
$0.00
$3,975,000.00
INTERNATIONAL INITIATIVE
$5,580,525.00
$0.00
$5,580,525.00
PROCESSOR RELATIONS
$335,000.00
$0.00
$335,000.00
INDUSTRY INTELLIGENCE
$500,000.00
$0.00
$500,000.00
TRADESHOWS
$1,220,000.00
$0.00
$1,220,000.00
KIDS MILK MARKETING & RESEARCH
$1,851,000.00
$0.00
$1,851,000.00
$47,663,499.00
$0.00
$47,663,499.00
OFFICE OPERATIONS
OFFICE OPERATIONAL
$300,000.00
$0.00
$300,000.00
RENT EXPENSE
$235,500.00
$0.00
$235,500.00
TRAVEL & AUTOMOBILE
$45,000.00
$0.00
$45,000.00
LEGAL EXPENSE
$100,000.00
$0.00
$100,000.00
FREIGHT & POSTAGE
$45,000.00
$0.00
$45,000.00
AUTOMOBILE PURCHASES
$40,000.00
$0.00
$40,000.00
CLERICAL AND OFFICE EQUIPMENT
$65,000.00
$0.00
$65,000.00
LIABILITY INSURANCE
$40,000.00
$0.00
$40,000.00
$870,500.00
$0.00
$870,500.00
ADMINISTRATIVE WAGES & BENEFITS
EMPLOYEE INSURANCE
$135,000.00
$0.00
$135,000.00
MONEY INVESTMENT PLAN
$40,000.00
$0.00
$40,000.00
RETIREMENT PLAN
$200,000.00
$0.00
$200,000.00
SALARIES & WAGES
$735,000.00
$0.00
$735,000.00
$1,110,000.00
$0.00
$1,110,000.00
STATE OF CA. DEPARTMENTAL CHARGES
MARKETING BRANCH
$110,000.00
$0.00
$110,000.00
COMPLIANCE & FISCAL AUDIT
$40,000.00
$0.00
$40,000.00
MILK MARKET ENFORCEMENT
$7,500.00
$0.00
$7,500.00
$157,500.00
$0.00
$157,500.00
BOARD MEETING EXPENSES
TRAVEL EXPENSES
$85,000.00
$0.00
$85,000.00
MEETING EXPENSES
$100,000.00
$0.00
$100,000.00
PER DIEM BOARD
$45,000.00
$0.00
$45,000.00
$230,000.00
$0.00
$230,000.00
TOTALS
TOTAL ADMINISTRATION & OPERATIONS
$2,368,000.00
$0.00
$2,368,000.00
TOTAL EXPENDITURES
$50,031,499.00
$0.00
$50,031,499.00
REQUIRED RESERVE
$1,268,501.00
$0.00
$1,268,501.00
TOTAL EXPENDITURES & REQUIRED RESERVE
$51,300,000.00
$0.00
$51,300,000.00
PAYROLL BALANCE
$2,753.47
ADMINISTRATIVE AND PROGRAM PAYROLL
$2,760,000.00
Revenue
Balance
%
$41,083,196.72
$83,196.72
100
$0.00
$0.00
0
$545,064.71
$245,064.71
182
$500,000.00
$0.00
100
$6,450,871.50
($3,049,128.5Q)
68
$48,579,132.93
($2,720,867.07)
95
Expenditures
Balance
%
$19,237,696.04
$1,262,303.96
94
$8,026,844.28
$793,155.72
91
$1,249,465.31
$130,534.69
91
$2,502,974.00
($50,000.00)
102
$213,610.26
$86,389.74
71
$641,591.12
$107,408.88
86
$3,554,444.67
$420,555.33
89
$4,538,231.62
$1,042,293.38
81
$235,392.10
$99,607.90
70
$430,440.20
$69,559.80
86
$1,040,109.32
$179,890.68
85
$1,123,356.63
$727,643.37
61
$42,794,155.55
$4,869,343.45
90
$299,942.95
$57.05
100
$248,778.14
($13,278.14)
106
$44,944.33
$55.67
100
$34,996.03
$65,003.97
35
$37,071.17
$7,928.83
82
$0.00
$40,000.00
0
$64,472.29
$527.71
99
$37,632.00
$2,368.00
94
$767,836.91
$102,663.09
88
$92,650.86
$42,349.14
69
$29,575.34
$10,424.66
74
$0.00
$200,000.00
0
$611,635.65
$123,364.35
83
$733,861.85
$376,138.15
66
$79,902.11
$30,097.89
73
$30,000.00
$10,000.00
75
$5,000.00
$2,500.00
67
$114,902.11
$42,597.89
73
$83,606.36
$1,393.64
98
$100,538.52
($538.52)
101
$37,587.66
$7,412.34
84
$221,732.54
$8,267.46
96
$1,838,333.41
$529,666.59
78
$44,632,488.96
$5,399,010.04
89
$0.00
$1,268,501.00
0
$44,632,488.96
$6,667,511.04
89