2017 National Pork Board Budget Expense Summary

Total: $55.4 Million

2017 National Pork Board Program Dollars

Balance Sheet

Balance Sheet 2015 (Audited) 2016 (Unaudited)
Assets
Cash and Short-Term Investments $39,472 $34,345
Accounts Receivable/Other Assets 670 1,313
Current Assets 40,142 35,658
Non-current Assets 37,013 35,989
Total Assets $77,155 $71,647
Liabilities
Accounts Payable $9,693 $10,712
Research Grants Payable 7,081 6,313
Long-Term-PTOWM 19,756 18,089
Total Liabilities 36,530 35,114
Reserve Balance
Designated 4,300 4,896
Undesignated 36,325 31,637
Total Fund Balance 40,625 36,533
Total Liabilities and Fund Balance $77,155 $71,647

Statement of Revenue and Expenses

Statement of Revenue and Expenses 2015 (Audited) 2016 (Unaudited)
Revenue
Market Deductions $75,061 $67,999
Other: Program Income, Interest, etc 2,975 2,286
Total Revenue 78,036 70,285
Expenses
Domestic Marketing and International Trade 27,229 23,815
Science and Technology 19,051 10,320
Communications 5,089 4,661
Shareholder Outreach 4,767 4,720
Social Responsibility 9,627 9,488
Policy and Management 5,788 6,339
State Funding/PASLWOCO 15,230 13,648
Interest Expense 1,488 1,386
Total Expenses 88,269 74,377
Total (Deficit) Surplus For Period $(10,233) $(4,092)