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2020 National Pork Board Budget Expense Summary

Total: $28.43 Million

2020 National Pork Board Program Dollars

Balance Sheet (000)

Balance Sheet 2018(Audited) 2019(Unaudited)
Assets
Cash and Short-Term Investments $44,681 $50,243
Accounts Receivable/Other Assets 1,065 4,221
Current Assets 45,746 54,464
Non-current Assets 3,284 2,404
Total Assets 49,030 56,868
Liabilities
Accounts Payable 9,164 9,418
Research Grants Payable 6,826 6,854
Long-Term-PTOWM 3,000 0
Total Liabilities 18,990 16,272
Reserve Balance
Designated 0 0
Undesignated 30,040 40,596
Total Fund Balance 30,040 40,596
Total Liabilities and Fund Balance $49,030 $56,868

Statement of Revenue and Expenses (000)

Statement of Revenue and Expenses 2018(Audited) 2019(Unaudited)
Revenue
Market Deductions $72,926 $77,663
Other: Program Income, Interest, etc 4,147 6,961
Total Revenue 77,073 84,624
Expenses
Domestic Marketing and International Trade 27,572 28,029
Science and Technology 13,330 12,590
Communications 4,684 4,833
Shareholder Outreach 5,200 6,018
Social Responsibility 0 0
Policy and Management 7,761 7,966
State Funding/PASLWOCO 14,549 14,541
Interest Expense 861 91
Total Expenses 73,957 74,068
Total (Deficit) Surplus For Period $3,116 $10,556
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