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2018 National Pork Board Budget Expense Summary

Total: $66.85 Million

2018 National Pork Board Program Dollars

Balance Sheet

Balance Sheet 2016(Audited) 2017(Unaudited)
Assets
Cash and Short-Term Investments $34,346.00 $40,402.00
Accounts Receivable/Other Assets 1,313.00 1,080.00
Current Assets 35,658.00 41,482.00
Non-current Assets 35,989.00 37,316.00
Total Assets 71,647.00 78,798.00
Liabilities
Accounts Payable 10,045.00 11,066.00
Research Grants Payable 6,313.00 5,525.00
Long-Term-PTOWM 18,089.00 16,921.00
Total Liabilities 35,114.00 33,512.00
Reserve Balance
Designated 4,896.00 1,500.00
Undesignated 35,729.00 35,033.00
Total Fund Balance 36,533.00 45,287.00
Total Liabilities and Fund Balance $71,647.00 $78,798.00

Statement of Revenue and Expenses

Statement of Revenue and Expenses 2016(Audited) 2017(Unaudited)
Revenue
Market Deductions $67,999.00 $74,053.35
Other: Program Income, Interest, etc 2,286.00 2,395.12
Total Revenue 70,285.00 76,448.47
Expenses
Domestic Marketing and International Trade 23,814.00 26,139.37
Science and Technology 10,320.00 10,135.00
Communications 4,662.00 4,058.26
Shareholder Outreach 4,720.00 4,197.55
Social Responsibility 9,488.00 164.47
Policy and Management 6,339.00 6,958.69
State Funding/PASLWOCO 13,648.00 14,763.88
Interest Expense 3,386.00 1,277.28
Total Expenses 74,377.00 67,694.50
Total (Deficit) Surplus For Period $-4,092.00 $8,753.97
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