2017 December Board Book

CALIFORNIA MILK PRODUCERS ADVISORY BOARD 2018 CHART OF ACCOUNTS ACCOUNT DESCRIPTIONS

INCOME ACCOUNTS

ASSESSMENTS – Account No. 41000 Current assessments are received on a 60-day lag from Milk Pooling Department in Sacramento. Example: Assessments received in December are collections for the month of October. NON-ASSESSMENT INCOME – Account No. 41500 Income other than Assessments, including income from School Milk Cooler sales, tradeshow booth reimbursement from participants, in addition to any other miscellaneous sources. CASH BALANCE – Account No. 10000 The previous year-ending cash balance, less required reserve. This amount will remain constant until the next financial year. This balance will be distributed to programs with committed carryover obligations from previous year or reflected in required reserve. REQUIRED RESERVE – Account No. 10100 Represents reserve required to satisfy CDFA policy for future lease obligations. Required reserve will be budgeted on an annual basis.

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