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