2015 Beef Checkoff Annual Report - Page 20

CATTLEMEN’S BEEF PROMOTION & RESEARCH BOARD Statement of Assets, Liabilities and Net Assets Sept. 30, 2015 and Sept. 30, 2014 2015 2014 ASSETS Cash and cash equivalents $18,228,692 $12,129,299 Short-term Investments $1,487,000 $10,452,000 Long-term investments $1,500,000 0 $6,557 $10,531 $147 $30 $21,222,396 $22,591,860 $2,008 $2,405 $12,007,046 $14,149,528 $4,350,000 $4,350,000 Capital Assets, net of accumulated depreciation of $79,661 and $69,401 Other TOTAL ASSETS LIABILITIES & NET ASSETS Due to state beef councils & other Net Assets, Unrestricted: Designated for future expenses Designated – Board reserve Undesignated TOTAL LIABILITIES & NET ASSETS $4,863,342 $4,089,927 $21,222,396 $22,591,860 REVENUES Assessments $40,366,984 $40,361,145 Interest $75,309 $61,901 Other $23,943 $78,771 $40,466,236 $40,501,817 Promotion $8,092,825 $9,438,367 Research $9,776,601 $7,927,598 TOTAL REVENUES EXPENSES Program Expenses: $10,660,349 $8,366,182 Industry Information Consumer Information $1,781,595 $1,817,768 Foreign Marketing $7,661,823 $7,355,729 Producer Communications $1,555,711 $1,478,324 Program Evaluation $202,093 $175,274 Program Development $315,491 $238,943 $40,046,488 $36,798,185 Total Program expenses ASSESSMENT REVENUES: 2015 Qualified State Beef CouncilsAlabama Arizona Arkansas California Colorado $ 308,618 326,251 366,702 1,810,135 1,364,278 Delaware Florida Georgia Hawaii Idaho 4,325 340,762 270,011 15,623 830,548 Illinois Indiana Iowa Kansas Kentucky 296,718 215,364 1,636,842 3,385,185 624,147 Louisiana Maine Maryland Michigan Minnesota 189,751 1,914 43,891 284,914 685,484 Mississippi Missouri Montana Nebraska Nevada 222,968 1,160,733 866,981 3,468,679 112,784 New Jersey New Mexico New York North Carolina North Dakota 4,771 491,527 326,982 162,782 534,462 Ohio Oklahoma Oregon Pennsylvania South Carolina 308,689 1,548,338 427,685 372,275 79,772 South Dakota Tennessee Texas Utah Vermont 1,422,366 405,046 4,620,761 264,349 50,235 Virginia Washington West Virginia Wisconsin Wyoming 366,879 513,601 83,203 696,796 428,350 Total Qualified State Beef Councils $31,942,477 States Without Qualified State Beef Councils Supporting Services: USDA Oversight Administration TOTAL EXPENSES $246,888 $289,631 $1,541,927 $1,609,050 $41,835,303 $38,696,866 Alaska Connecticut Massachusetts Maine New Hampshire Rhode Island Total States Without Qualified State Beef Councils Importers Total Assessment Revenues 20 $ 225 14,179 18,839 52,420 12,562 1,578 $99,803 $8,324,704 $40,366,984