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2019 National Pork Board Budget Expense Summary

Total: $59.08 Million

2019 National Pork Board Program Dollars

Balance Sheet (000)

Balance Sheet 2017(Audited) 2018(Unaudited)
Assets
Cash and Short-Term Investments $40,402 $44,597
Accounts Receivable/Other Assets 1,080 936
Current Assets 41,482 45,533
Non-current Assets 37,316 2,553
Total Assets 78,798 48,086
Liabilities
Accounts Payable 11,676 9,164
Research Grants Payable 5,525 6,827
Long-Term-PTOWM 16,310 0
Total Liabilities 33,511 15,991
Reserve Balance
Designated 1,500 0
Undesignated 43,787 32,095
Total Fund Balance 45,287 32,095
Total Liabilities and Fund Balance $78,798 $48,086

Statement of Revenue and Expenses (000)

Statement of Revenue and Expenses 2017(Audited) 2018(Unaudited)
Revenue
Market Deductions $74,053 $72,926
Other: Program Income, Interest, etc 2,395 4,147
Total Revenue 76,448 77,073
Expenses
Domestic Marketing and International Trade 26,304 27,572
Science and Technology 10,135 14,275
Communications 4,058 4,684
Shareholder Outreach 4,197 5,200
Social Responsibility 0 0
Policy and Management 6,959 7,761
State Funding/PASLWOCO 14,764 14,549
Interest Expense 1,277 250
Total Expenses 67,694 74,291
Total (Deficit) Surplus For Period $8,754 $2,782
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