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2018 National Pork Board Budget Expense Summary

Total: $63.17 Million

2018 National Pork Board Program Dollars

Balance Sheet (000)

Balance Sheet 2016(Audited) 2017(Unaudited)
Assets
Cash and Short-Term Investments $34,346 $40,402
Accounts Receivable/Other Assets 1,313 1,080
Current Assets 35,658 41,482
Non-current Assets 35,989 37,316
Total Assets 71,647 78,798
Liabilities
Accounts Payable 10,045 11,066
Research Grants Payable 6,313 5,525
Long-Term-PTOWM 18,089 16,921
Total Liabilities 35,114 33,512
Reserve Balance
Designated 4,896 1,500
Undesignated 31,637 43,787
Total Fund Balance 36,533 45,287
Total Liabilities and Fund Balance $71,647 $78,798

Statement of Revenue and Expenses (000)

Statement of Revenue and Expenses 2016(Audited) 2017(Unaudited)
Revenue
Market Deductions $67,999 $74,053
Other: Program Income, Interest, etc 2,286 2,395
Total Revenue 70,285 76,448
Expenses
Domestic Marketing and International Trade 23,814 26,139
Science and Technology 10,320 10,135
Communications 4,662 4,058
Shareholder Outreach 4,720 4,198
Social Responsibility 9,488 164
Policy and Management 6,339 6,959
State Funding/PASLWOCO 13,648 14,764
Interest Expense 1,386 1,277
Total Expenses 74,377 67,694
Total (Deficit) Surplus For Period $-4,092 $8,754
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