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2021 National Pork Board Budget Expense Summary

Total: $35.36 Million

2021 National Pork Board Program Dollars

Balance Sheet (000)

Balance Sheet 2019(Audited) 2020(Unaudited)
Assets
Cash and Short-Term Investments $50,243 $34,157
Accounts Receivable/Other Assets 4,221 1,139
Current Assets 54,464 35,296
Non-current Assets 2,404 27,200
Total Assets 56,868 62,496
Liabilities
Accounts Payable 9,418 6,327
Research Grants Payable 6,854 5,447
Long-Term-PTOWM 0 0
Total Liabilities 16,272 11,774
Reserve Balance
Designated 0 0
Undesignated 40,596 50,722
Total Fund Balance 40,596 50,722
Total Liabilities and Fund Balance $56,868 $62,496

Statement of Revenue and Expenses (000)

Statement of Revenue and Expenses 2019(Audited) 2020(Unaudited)
Revenue
Market Deductions $77,663 $72,332
Other: Program Income, Interest, etc 6,961 7,749
Total Revenue 84,624 80,081
Expenses
Domestic Marketing and International Trade 28,029 28,880
Science and Technology 12,590 5,097
Communications 4,833 4,085
Shareholder Outreach 6,018 6,289
Social Responsibility 0 3,728
Policy and Management 7,966 8,415
State Funding/PASLWOCO 14,541 13,278
Interest Expense 91 776
Total Expenses 74,068 70,548
Total (Deficit) Surplus For Period $10,556 $9,533
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