The Agricultural Foundation of California State University, Fresno Annual Report Supplemental Information (Unaudited)

Transcription

1 The Agricultural Fundatin f Califrnia State University, Fresn Annual Reprt Supplemental Infrmatin (Unaudited) Apprved by the Bard f Directrs September 18, 2015

2 THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO Table f Cntents Statement f Incme and Expense Schedule f Investments Statement f Operatins - Administratin Statement f Operatins - Beef- Feedlt Statement f Operatins - Beef- Purebred Herd Beef- Purebred Herd Livestck Inventry Summary Statement f Operatins - Beef- Red Wave Classic Statement f Operatins - Beef- San Jaquin Experimental Range Beef- San J aquin Experimental Range - Livestck Inventry Summary Statement f Operatins - Dairy Dairy Livestck Inventry Summary Statement f Operatins - Dairy Industry Statement f Operatins - Farm Market Statement f Operatins - Farm Operatins Statement f Operatins - Field Crps Statement f Operatins- Fd Prcessing Statement f Operatins - Quarter Hrse Quarter Hrse Livestck Inventry Summary Statement f Operatins - Meats Labratry Statement f Operatins - Orchard Statement f Operatins - Omamental Hmiiculture - Flral Statement f Operatins - Omamental Hrticulture - Nursery Statement f Operatins - Pultry Statement f Operatins - Sheep Sheep Livestck Inventry Summary Statement f Operatins - Swine Swine Livestck Inventry Summary Statement f Operatins - Vegetable Crps Statement f Operatins - Vineyard - Table Grapes Statement f Operatins - Vineyard - Wine Grapes Statement f Operatins - Winery Page Number

3 THE CALIFORNIA STATE UNIVERSITY AUXILIARY ORGANIZATION STATEMENT OF INCOME AND EXPENSE FOR THE YEAR ENDED JUNE 30, 2015 SALES/ INVENTORY PRODUCTION INVENTORY NETCOSTOF SURPLUS/ ENTERPRISES INCOME 6/30/2014 EXPENSES 6/30/2015 PRODUCTION (DEFICIT) Administratin $ 219,745 $ - $ 219,745 $ - $ 219,745 $ Beef- Feedlt 133,199 29, ,778 19, ,683 (29,484) Beef- Purebred Herd 75,250 28,700 79,111 34,080 73,731 1,519 Beef- Red Wave Classic 66,233 4,401 62,190 2,798 63,793 2,440 Beef- SJER 84,449 23,360 78,024 24,636 76,748 7,701 Dairy 805, ,694 1,003, ,413 1,012,527 (207,255) Dairy Industry 379,068 59, ,381 77, ,848 7,220 Farm Market 723,043 50, ,898 76, ,820 3,223 Farm Operatins 278, , ,168 (18,098) Field Crps 289, , ,231 1,187 Fd Prcessing 45, ,404 12,471 95,933 (50,330) Hrse - Quarter Hrse 155,774 17, ,515 21, ,696 (33,922) Meats Labratry 308,341 49, ,433 57, ,860 (17,519) Orchard 1,319,863 8, ,634 10, , ,106 Ornamenta) Hrticulture - Flral 45,735 73,015 73,015 (27,280) Ornamenta! Hrticulture - Nursery 62,285 70,979 70,979 (8,694) Pultry 69,019 69,019 69,019 Sheep 56,854 42,148 84,659 52,715 74,092 (17,238) Swine 216,739 36, ,169 59, ,147 (32,408) Vegetable Crps 340, , ,360 (81,782) Vineyard- Table Grapes 506, , ,106 29,174 Vineyard-Wine Grapes 159, , ,693 (11,629) Winery 406, , , , ,754 60,355 TOT ALS $ 6,745,991 $ 998,121 $ 6,724,326 $ 1,095,742 $ 6,626,705 $ 119,286

4 SCHEDULE OF INVESTMENTS AS OF JUNE 30, 2015 INVESTMENTS COST MARKET VALUE 6/30/2015 DATE OF PUR CHAS E MATURITY DATE STATED RA TE OFRETURN Mney Markets: Citibank Lcal Agency Investment Fund $1,503, ,170 $ 1,503, , % 0.28% Ttal Mney Markets 1,608,246 1,608,246 Lng-Term Receivables: Califmia Dairies, Inc. Base Capital Fund 40,759 40,759 N Endwment Fund: Fresn State Fundatin 737, , % Ttal Investments $2,386,600 $2,495,555

5 ADMINISTRA TION FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Administrative Fees $ 195,729 $ 200,801 $ 212,422 Insurance Refund 7,165 5,900 4,327 Interest Incme 4,977 5,000 2,850 Miscellaneus lncme Ttal Incme 208, , ,745 Audit: Certified Public Accuntants 18,170 20,200 27,105 Bank Charges 2,037 2, Dues 1,750 1,000 1,750 Insurance 30,597 32,700 32,478 Licenses/Taxes/Fee Management and Financial Services Fee 149, , ,200 Miscellaneus 1,179 3,000 1,562 Office Supplies/Pstage/Telephne 5, 134 2,000 6,065 Ttal Expenses 208, , ,745 NET SURPLUS/(DEFICIT) $ - $ $ 3

6 BEEF-FEEDLOT FOR THE YEARS ENDED JUNE 30,2015 AND 2014 TNCOME: ACTUAL BUDGET ACTUAL Feed Sal e f Livestck Yardage Agricultural Operatins Supprt Dnatin Incme (Nn Cash) $ 51,825 $ 12,138 5,362 (1,042) 51,746 60,000 $ 15,000 7,000 45,734 31,522 1, ,930 Ttal Incme 120,029 82, ,199 Payrll: Mnthly Student CSUF Benefits Ttal Payrll Administrative Fees Bad Debt Expense Equipment: Depreciatin Rental/Repair Feed (Increase)Decrease in Herd Valuatin Miscellaneus Purchase flivestck Supplies 34,729 1 O, ,017 61,933 2, ,682 37,657 (2,411) , , ,678 3, ,000 55,000 1,000 12,000 35,739 14,488 18,191 68,418 3,316 3, ,064 49,429 (1,200) 6 26,016 Ttal Expenses 126,211 90, ,683 NET SURPLUS/(DEFICIT) $ (6,1 82) $ (8,560) $ (29,484) 4

7 THE AGRICULTURAL FOUNDATJON OF CALIFORNIA STATE UNIVERSITY, FRESNO BEEF - PUREBRED HERD FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 TNCOME: ACTUAL BUDGET ACTUAL Sal e f Livestck Other: Veterinary Supplies Other Agricultural Operatins Supprt $ 76,043 $ 1,580 5,026 (866) 50,000 $ 2,000 2,000 71,434 3, Ttal Incme 81,783 54,000 75,250 Payrll: Student Emplyee Benefits Administrative Fees Equipment: Óepreciatin RentaVRepair Exhibitin/Marketing Expenses: Advertising Trave! Feed Livestck Expense: Attificial lnseminatin/embry Transfer (lncrease)/decrease in Herd Value Registratin/Perfnnance Prgrams Other Miscellaneus Prspect Sales Expense Supplies: Fence Veterinary Other Transprtatin Utilities 9,525 3, ,710 3,552 33,352 4,202 1, ,208 2,890 3,527 1,622 3, , , ,000 3, ,000 4, ,000 5,500 3,500 2, ,634 3, ,707 3,626 27,811 3,550 (5,380) 1,707 1' ,488 3,367 4,515 2,750 4, Ttal Expenses 79,918 58,725 73,73 1 NET SURPLUS/(DEFICIT) $ 1,865 $ (4,725) $ 1,5 19 5

8 BEEF - PUREBRED HERD FOR THE YEAR ENDED JUNE 30, 2015 CLASSIFICATION cws HEIFERS BULLS TOTAL

9 THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERISTY, FRESNO BEEF- RED W A VE CLASSIC FOR TRE YEARS ENDED JUNE 30,201 5 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Bedding Sales $ 1,325 $ 1,400 $ 2,008 Entry Fees 37,080 36,000 39,935 Majr Spnsr 7,000 7,000 7,000 Merchandise Sales 7,200 7,000 8,280 Other Spnsrs 8,985 8,500 9,010 Agricultural Operatins Supprt Ttal Incme 61,590 59,900 66,233 Administrative Fees 2,370 2,415 2,788 Advertising/Prmtin 1,079 1,000 1,274 Awards 10,620 10,000 11,189 Bedding fr Resale/Rings 1,000 1,500 1,500 Catering 2,862 3,000 2,435 CJLA Sanctining Fees Credit Card Fees 2,800 2,531 Equipment Rental 1,000 1,200 1,547 Judges Trave! Expense 2,108 2,000 2,745 Judging Fees 1,750 2,200 2,250 Mai! Charges Merchandise fr Resal e 10,769 8,000 11,263 Miscellaneus 5,400 2,000 2,712 Premiums 18,778 19,000 17,590 Secw-ity 1,885 1,800 1,943 Waste Dispsal 1,300 1,300 1,400 Ttal Expenses 61,271 59,115 63,793 NET SURPLUS/(DEFICIT) $ 319 $ 785 $ 2,440 7

10 BEEF- SAN JOAQUIN EXPERIMENTAL RANGE FOR THE YEARS ENDED JUNE 30,2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Sal e f Livestck: SJER Sales Pasture Cattle Incme Miscellaneus: Pasture Rent Other Incme Gain/(Lss) n Sale fequipment Agricultural Operatins Supprt $ 139,521 $ 6, (1,289) 60,000 $ 20,000 6,880 38,033 22,970 23, Ttal Incme 145,560 86,880 84,449 Payrll: Nn-Benefitted Student Emplyee Benefits Ttal Payrll Administrative Fees Equipment: Depreciatin Rental/Repair Feed Livestck Expense: Artificial Inseminatin Increase in Herd valuatin Hrsesheing/HfTrim Purchase fbreeding Stck Miscellaneus: Other Supplies: Fence/Crral Repair Pr pan e Veterinary Other Utilities 24,372 13,622 5,787 43,781 5,634 1,458 13,209 29,304 25,492 1,845 7,900 1, ,952 2,528 11,736 26,405 5,281 31,686 3,503 1,458 12,000 16, ,800 3, ,000 2,000 1,000 10,000 18,530 3,830 3,211 25,571 3,546 1,458 8,296 20,856 (1,276) 1, , ,359 8,439 Ttal Expenses 147,450 88,547 76,748 NET SURPLUS/(DEFICIT) $ (1,890) $ (1,667) $ 7,701 8

11 TRE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO BEEF-SAN JOAQUIN EXPERIMENTAL RANGE FOR TRE YEAR ENDED JUNE 30, 2015 CLASSIFICATION COMMERClAL HERD

12 THE AGRICULTURAL FOUNDATION OF CALIFORNJA STATE UNIVERSITY, FRESNO ST A TE MENT OF O PERA TIONS DAIRY FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Sale flivestck $ 61,893 $ 50,000 $ 84,514 Sal e f Prducts 788, , ,654 Other lncme 25,019 10,000 26,820 Dnatin Incme (Nn Cash) 55,578 15,549 Agricultural Operatins Supprt (8,3522 3,735 Ttallncme 922, , ,272 Payrll: Mnthly 34,621 11,153 Student 88,963 94, ,479 Emplyee Benefits 13,156 4,725 2,978 Ttal Payrll 136,741 99, ,610 Administrative Fees 33,678 32,663 32,957 Assciatin Dues Equipment: Depreciatin 62,898 61,986 61,986 Rental/Lease 13,165 5,000 11,307 Rentai/Repair 94,765 85,000 94,016 Exhibitin!Marketing Feed 542, , ,404 Livestck Expense: Artificial lnseminatin!embry Transfer 14,167 12,000 11,419 Bedding 1,000 Bilgicals/ Antibitics 4,354 5,000 4,432 BST DHI Testing/Classificatin 3,434 3,500 3,891 Dnatin flivestck 6,800 HfTrimming 1, ,174 (lncrease)/decrease in Herd Value (47,470) (12, 164) Livestck Expense 2,600 Purchase flivestck 41,250 25,000 Registratin!Classificatin 100 Veterinary Services 3,055 6,000 6,206 Waste Management/Nutrient 7,384 10,000 5,838 Other Supplies: Cleaning 16,476 14,000 10,969 Veterinary Supplies 598 1,000 7,029 Other 3,799 2,700 1,809 Ttal Expenses 939, ,874 1,012,527 NET SURPLUS/(DEFICIT) $ {17,249) $ (55,874) $ (207,255) 10

13 DAffiY FOR THE YEAR ENDED JUNE 30, 2015 CLASSIFICATION BULLS cws HEIFERS TOTAL

14 DAIRY INDUSTRY FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Sal e f Prducts $ 331,146 $ 360,000 $ 344,705 Agricultural Operatins Suppmt (2,474) 1,312 Dnatin lncme 25,940 26,022 Miscellaneus 286 7,029 Ttal lncme 354, , ,068 Payrll: Mnthly 15,564 15,564 Student 59,770 53,437 72,398 Emplyee Benefits 7,315 2,672 7,532 Ttal Payrll 82,649 56,109 95,494 Administrative Fees 12,754 14,517 14,805 Equipment: Depreciatin 9,225 8,487 8,487 Rental/Repair 45,470 45,000 37,790 Miscellaneus: lnspectins/ Assessments 7,209 8,400 7,640 Purchased Prducts fr Resale 85,348 90, ,334 Public Relatins 3,746 2,500 4,733 Supplies: Cleaning Chemicals 3,568 4,000 2,860 Ingredients 52,902 43,000 39,099 Packaging 54,128 55,000 50,868 Miscellaneus 5,112 7,800 6,456 Unifnns 1,282 Ttal Expenses 362, , ,848 NET SURPLUS/(DEFICIT) $ (7,209) $ 25,187 $ 7,220 12

15 GIBSON FARM MARKET FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Cmmissins Flral Sales Fd Sales Nn-Fd Sales Wine Sales Agricultural Operatins Supprt Dnatin Incme (Nn Cash) Miscellaneus $ 104,736 $ 359,797 33, ,134 (7, 182) ,500 $ 345,000 30, ,000 94,454 2, ,592 22, ,983 2,710 46,294 1,728 Ttal Incme 686, , ,043 Payrll : Benefitted Nn-Benefitted Student Emp1yee Benefits Ttal Payrll Advertising Cntract Labr - Custdial Credit Card Fees Dnatins Equipment: Depreciatin Rental/Repair Licenses/Taxes/Fees Miscellaneus Prducts fr Resale - Wine Prducts fr Resale - Fd Prducts fr Resale - Nn-Fd Prducts fr Resale - Flral Public Relatins Shrinkage Supplies Special Events Travei/Training UBIT Incme Taxes Unifnns Utilities 55, ,486 2, , ,055 25, ,895 13, , , ,124 12, , ,961 3,171 1,474 34,910 61,728 18, ,250 7, , ,500 19,400 15,895 9,000 2,500 2, , ,000 13,000. 1,500 6,850 38,000 2,500 1,000 1,000 33,000 61,728 21, , , , ,193 25, ,033 13,594 1, , ,874 12,761 1, ,388 35,192 4, ,418 Ttal Expenses 701, , ,820 NET SURPLUS/(DEFICIT) $ (15,438) $ 10,158 $ 3,223 13

16 FARM O PERA TIONS FOR THE YEARS ENDED JUNE 30, 2015 AND ACTUAL BUDGET ACTUAL INCOME: Agricultural Operatins Supprt frm University $ 537,469 $ Dnatin Incme Endwment Incme: Interest Incme 32,023 Unrealized Gain (Lss) n Securities 60,371 Miscellaneus 4,742 Ttal Incme 634, ,000 $ 262, ,000 33,312 (18,098) 5, , ,070 I I Payrll: Cntract Labr 7,463 Salaries/Wages Student 6,773 Emplyee Benefits Ttal Payrll 14,235 Equipment: Depreciatin 21,832 Rental!Repair 17,506 Bad Debt 127 Incentive Fee Transfers 12,256 lnfrastructure lmprvements 7,517 Miscellaneus 4,190 Prperty Tax Public Relatins 1,173 Supplies 3,829 University Dnatins 486,815 Utilities 2,426 Waste Management/Nutrient 2,328 Ttal Expenses 574,234 NET SURPLUS/(DEFICIT) $ 60,371 $ 10,000 15, ,750 21,429 24,694 20,000 14, ,194 10,000 1,150 5,000 10,503 3,000 4,500 3,714 7,000 6, , ,351 7,000 1,346 3, , ,168 (41,679) $ ~18,098) I I 14

17 FIELD CROPS FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Sale fprducts $ 232,909 $ 210,000 $ 272,236 Agricultural Operatins Supprt (2,252) 1,205 Dnatin Incme (Nn Cash) 13,528 15,977 Ttal Incme 244, , ,418 Payrll: Cntract Labr 22,608 4,000 61,060 Benefitted 19,407 20,000 16,445 Student 15,192 12,000 24,572 Emplyee Benefits 8,073 8,160 6,347 Ttal Payrll 65,280 44, ,424 Administrative Fees 8,962 8,468 11,458 Equiprnent: Depreciatin 4,457 4,457 4,457 Rental!Repair 49,682 30,000 52,994 Harvesting/Hau I ing 29,431 20,000 Insurance Miscellaneus Supplies: Fertilizer 36,137 50,000 52,190 Herbicides 8,072 7,000 12,944 lnsecticides 11,603 4,000 7,895 Irrigatin Seeds 13,448 10,000 26,316 Si! Amendments 7,804 10,000 Other 221 2, Utilities 10,312 15,000 1 O, 197 Ttal Expenses 245, , ,231 NET SURPLUS/(DEFICIT) $ (1,645) $ 4, 11 5 $ 1,187 15

18 FOOD PROCESSING FOR THE YEARS ENDED JUNE 30,2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Sale fprducts $ 31,476 $ 305,960 $ 43,862 Agricultural Operatins Supprt (383) 241 M iscellaneus 1,500 Dnatin Incme (Nn Cash) 44,414 Ttal Incme 75, ,960 45,603 Payrll: Benefitted 30,420 60,000 32,137 Student 8,034 55,000 13,995 Emplyee Benefits 13,993 11,750 10,398 Ttal Payrll 52, ,750 56,530 Administrative Fees 1,211 12,338 1,909 Custdial 6,000 Equipment Rental/Repair 9,000 1,785 Miscellaneus 35 Prcessing Lab Charges 5,000 5,000 5,000 Supplies: Cleaning Chemicals 1,233 1,192 Ingredients 11, ,682 17,909 Packaging 5,374 20,000 11,573 Ttal Expenses 76, ,770 95,933 NET SURPLUS/(DEFICIT) $ (77 1) $ 9,190 $ (50,3 30) 16

19 ST ATEMENT OF O PERA TIONS HORSE- QUARTER HORSE/EQUINE FOR THE YEARS ENDED JUNE 30,2015 AND 2014 TNCOME: ACTUAL BUDGET ACTUAL Sale flivestck Barding Fees- SHC Breeding Equestrian Fees - SHC Pen Rental Other Agricultural Operatins Supprt Gain/(Lss) n Sale fequipment Dnatin Incme $ 3 1,550 $ 22, ,892 8, (1,351) (266) 59,491 20,000 $ 24,000 50,000 7,000 1,000 12,300 39,246 50,259 8,925 17, ,316 Ttal Incme 163, , ,774 Payrll: Benefitted Nn-Benefitted Student Emplyee Benefits Ttal Payrll Administrative Fees Credit Card Fees Equipment: Depreciatin Rental/Repair Exhibitin/Marketing: Advertising Feed Livestck Expense: Dnatin flivestck Farrier Decrease in Herd Valuatin Livestck Expense Miscellaneus Registratin Fees Veterinary Services Miscellaneus Supplies: Straw/Bedding Veterinary Supplies Other Utilities 35, ,424 19,081 74,336 4, ,504 8,941 55,150 6,400 4,660 3,200 3, ,350 22,020 2,979 3, ,100 1,105 23,205 4, ,7 14 9, ,000 5,000 1, ,000 3,000 1, ,178 25,823 7,634 49,635 5, ,547 8,670 75,545 3,200 6,705 (2,800) ,168 26,900 4,015 1, Ttal Expenses 201, , ,696 NET SURPLUS/(DEFICIT) $ (38,191) $ (20,632) $ (33,922) 17

20 HORSE - QUARTER HORSE FOR THE YEAR ENDED JUNE 30, 2015 CLASSIFICATION STALLIONS 5 4 MARES FILLIES & COL TS GELDINGS 4 TOTAL IO

21 STATEMENT OF O PERA TIONS MEATSLABORATORY FOR THE YEARS ENDED JUNE 30,2015 AND 2014 rncome: ACTUAL BUDGET ACTUAL Sale fprducts $ 245,176 $ 220,000 $ 233,865 Catering 850 2,500 3,193 Custm Slaughter 21,223 20,000 11,273 Prduct Develpment 31,455 25,000 Agricultural Operatins Supprt 1,404 1,403 Dnatin lncme (Nn Cash) 114,660 57,455 Miscellaneus 2,992 5,000 1,152 Ttallncme 417, , ,341 Payrll: Benefitted 33,070 33,377 Student 9 1,197 78,750 79,550 Emplyee Benefits 16,535 3,938 17,226 Ttal Payrll 140,802 82, ,153 Administrative Fees 11,609 10,989 10,501 Equipment: Depreciatin 16,669 19,130 19,130 Rental/Repair 19,052 7,500 4,739 Miscellaneus: Advertising 200 Dues Rendering 3,200 3,500 3,040 Other 1,935 5,000 1,690 Prducts fr Resal e 73,497 33,004 90,145 Prducts fr Catering Livestck Fr Resale 57,572 84,866 50,470 Supplies: Packaging Materials 8,656 12,000 9,077 Prcessing Supplies 4, Small Equipment 6, Other 8,366 3,000 5,386 Ttal Expenses 352, , ,860 NET SURPLUS/(DEFICIT) $ 65,214 $ 9,748 $ (17,5 19) 19

22 ST A TE MENT OF O PERA TJONS ORCHARD FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Sal e f Prducts $ 1,171,078 $ 848,843 $ 1,274,544 Other Incme 11,287 8,190 Sal e f Olive Oi! (Bttled) 27,079 32,000 24,900 Agricultural Operatins Supprt (2,227) 1,129 Dnatin Incme (Nn Cash) 36,367 11,100 Ttallncme i,243, ,843 1,319,863 Payrll: Cntract Labr 226, , ,974 Benefitted 10,395 40,000 49,932 Nn-Benefitted 19,148 2,576 Student 10,998 27,000 27,744 Emplyee Benefits 10,484 17,350 18,055 Ttal Payrll 277, , ,281 Administrative Fees 46,540 35,520 55,039 Deve1pment Depreciatin 13,086 13,087 13,087 Equipment: Depreciatin 13,570 12,960 12,960 Rental/Repair 46,064 45,000 57,436 Harvesting/Marketing: Hauling 9,321 10,000 7,578 Other 22,347 25,000 15,209 Insurance 13,749 15,000 15,051 Irrigatin 6,333 10,000 7,323 Miscellaneus 780 1,500 1,837 Prducts fr Resale: Prducts fr Resale- O li ve Oil 15,601 15,000 10,856 Supplies: Bees 20,400 21,000 20,400 Fe1tilizer 59,528 45,000 63,354 Fungicides 2 1,247 20,000 33,778 Herbicides 2 1,191 35,000 48,264 lnsecticides 27,917 20,000 44,016 Other 14,205 7,000 19, 168 Utilities 29,067 44,000 36,120 Ttal Expenses 658, , ,757 NET SURPLUS/(DEFICIT) $ 585,097 $ 174,426 $ 542,106 20

23 ORNAMENT AL HORTICULTURE - FLORAL FOR THE YEARS ENDED JUNE 30,2015 AND ACTUAL BUDGET ACTUAL INCOME: Sale fprducts: Flwers $ 100,302 $ 115,000 $ 43,018 ltems/farm Market 2,870 3,500 2,441 Other Incme Agricultural Operatins Supprt (1,575) 251 Ttal Incme 101, ,500 45,735 Payrll: Benefitted 29,811 37,440 22,606 Student 31,806 25,000 12,893 Emplyee Benefits 5,788 8,300 1' 183 Ttal Payrll 67,405 70,740 36,682 Administrative Fees 3,971 4,779 1,914 Credit Card Fees 1,318 1, Dnatins 189 Equipment: Miscellaneus ,258 Prducts fr Resale -Flwers 47,178 45,000 20,070 Prducts fr Resale-Flral Supplies 8,294 11,297 10,469 Vehicle Rental 3,729 4,000 1,658 Supplies 2,014 1, Ttal Expenses 134, ,416 73,015 NET SURPLUS/(DEFICIT) $ (32,765) $ {19,916) $ (27,280) 21

24 ORNAMENT AL HORTICULTURE - NURSERY FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 rncome: ACTUAL BUDGET ACTUAL Greenbuse Plants(Stre) $ 24,063 $ 23,000 $ 21,283 Nursery Plants 12,583 11,000 13,378 Organic Plants 2,308 3,000 3,51 1 Plant Rental Agricultural Operatins Supprt (532) 408 Dnatin Incme (Nn Cash) 23,472 23,364 Other lncme Ttal Incme 61,977 37,100 62,285 Payrll: Benefitted 12,968 12,968 Student 12,789 15,000 20,865 Emplyee Benefits 10, ,396 Ttal Payrll 36,260 15,750 44,229 Administrative Fees 1,502 1,496 1,621 Credit Card Fees Depreciatin 1,412 Equipment Rental/Repair 1,829 2,000 2,943 Miscellaneus: Certificatin/License Miscellaneus Office Supplies Prducts fr Resale: Nursery/Huse Plants 12,270 9,000 7,538 Supplies: Cntainers 1, ,537 Fertilizers Herbicides Insecticides/Fungicides Labels Sil Media 1,943 1,500 2,134 Other 6,926 5,000 7,419 Ttal Expenses 67,403 38,446 70,979 NET SURPLUS/(DEFICIT) $ {5,426) $ (1,346) $ (8,694) 22

25 POULTRY FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Sal e f Prducts $ 1,973 $ 5,000 $ 3,93 1 Fster Farms Stipend 71,924 60,000 65,088 Research Prjects Agricultural Operatins Supprt (1,909) Ttal Incme 71,990 65,000 69,019 Payrll: Benefitted 28, ,278 12,728 Student 39,914 33,000 51,402 Emplyee Benefits 1,871 1,500 2,078 Ttal Payrll 69,901 58,778 66,208 Administrative Fees Depreciatin 1,272 1,272 1,272 Equipment Rentai/Repair Supplies 609 4,000 1,159 Ttal Expenses 71,990 64,752 69,019 NET SURPLUS/(DEFICIT) $ - $ 248 $ 23

26 SHEEP FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Sale flivestck $ 37,494 $ 40,000 $ 37,670 Other Incme (1) 1,138 Dnatin Incme 36,081 17,963 Agricultural Operatins Suppmt (235) 83 Ttal Incme 73,340 40,000 56,854 Payrll: Benefitted 23,862 11,896 Student 784 2,000 3,060 Emplyee Benefits 12,169 6,067 Ttal Payrll 36,815 2,000 21,023 Administrative Fees 1,443 1,613 1,633 Equipment: RentaVRepair 4,175 3,000 1,830 Exhibitin/Marketing: Advertising Csts 200 Feed 27,500 30,000 36,189 Livestck Expense: Dnatin Expense 50 (Increase)/Decrease in Herd Valuatin 6,715 (510) Pw chase f Livestck 2,690 5,000 10,044 Shearing Miscellaneus: Other 300 Supplies Bedding Veterinary 2,263 1,500 2,940 Other Ttal Expenses 83,061 45, ,092 NET SURPLUS/(DEFICIT) $ {9,721) $ (5,113) $ (1 7,238) 24

27 SHEEP FOR THE YEAR ENDED JUNE 30, 2015 CLASSIFICA TION STUDRAMS EWES LAMBS TOTAL

28 SWINE FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Sal e f Livestck $ 118,371 $ 146,500 $ 149,274 Sal e f Semen 930 1,500 9,835 Feed 178 Premiums 2,014 2,500 1,147 Other 2,495 Agricultural Operatins Supprt (391) 522 Dnatin Incme 51, ,288 Ttal Incme 172, , ,739 Payrll: Benefitted 34,802 35,109 Student 6,081 7,500 22,795 Emplyee Benefits 17, ,779 Ttal Payrll 57,936 7,875 75,683 Administrative Fees 4,668 6,077 6,858 Bad Debt Expense 450 1,745 Equipment: Depreciatin 1,833 Rental/Repair 2,232 3,000 9,019 Feed 123, , ,035 Livestck Expense: (Increase)/Decrease in Herd Valuatin (2,475) (20,455) Dnatin f Livestck Purchase flivestck 3,850 Purchase f Semen 2,373 5,000 5,672 Miscellaneus: Advertising 1,000 Dues Entry Fees 1, Miscellaneus ,264 Registratins 742 1, Veterinary Services I Natinal Prk Bard Supplies: Artificial Inseminatin ,316 Bedding: Straw 379 2,500 1,08 1 Shavings Miscellaneus ,682 Pharmaceutica1s 4,492 4,500 6,421 Trave! 1,330 1,500 1,197 Ttal Expenses 200, , ,147 NET SURPLUS/(DEFICIT) $ (27,7 12) $ (3 1,002) $ (32,408) 26

29 THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNTVERSITY, FRESNO SWINE FOR THE YEAR ENDED JUNE 30, 2015 CLASSIFICA TION HERDBOARS li 7 7 BREEDING SOWS MARKET SWINE TOTAL li

30 THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNJVERSITY, FRESNO VEGET ABLE CROPS FOR THE YEARS ENDED JUNE 30,2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Sal e f Prducts $ 390,840 $ 350,000 $ 324,003 Agricultural Operatins Supprt (3,812) 1,599 Dnatin Incme (Nn Cash) 13,528 14,976 Miscellaneus Incme 880 Ttal Incme 401, , ,578 Payrll: Cntract Labr 219, , ,626 Benefitted 19,407 20,000 16,445 Nn Benefitted 416 (416) Student 27,307 15,000 35,098 Emplyee Benefits 7,656 8,310 6,394 Ttal Payrll 274, , ,147 Administrative Fees 15,073 14,114 13,637 Equipment: Depreciatin 1,068 1,068 1,068 Rental/Repair 64,392 30,000 67,386 Prduct fr Resal e 16,467 Supplies: Bins Fertilizers 17,785 20,000 33,776 Fungicides Herbicides 9,420 8,000 8,915 Insecticides I 0,676 4,000 5,914 Irrigatin 17,667 8,000 13,337 Seed 32,955 25,000 31,634 Other 22,650 7,000 16,247 Utilities 17,165 25,000 12,299 Ttal Expenses 499, , ,360 NET SURPLUS/(DEFICIT) $ (98,335) $ 24,008 $ (81,782) 28

31 THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNJVERSITY, FRESNO VINEYARD - T ABLE GRAP ES FOR THE YEARS ENDED JUNE 30, 2015 AND ACTUAL BUDGET ACTUAL INCOME: Sale fprducts $ 394,157 $ 395,125 $ 461,264 Agricultural Operatins Supprt (1,558) 645 Dnatin Incme (Nn Cash) 8,368 43,478 Miscellaneus lncme 890 2, Ttal lncme 401, , ,280 Payrll: Cntract Labr 213, , ,466 Benefitted 27,697 22,500 30,278 Student 17,770 12,000 16,618 Emplyee Benefits 14,356 11,700 14,880 Ttal Payrll 273, , ,242 Administrative Fees 15,202 16,014 19,452 Equipment: Rental/Repair 24,188 20,000 25,387 Harvesting/Packing!Marketing 1,558 5,566 Miscellaneus: Crp lnsurance 8,908 9,000 9,346 Laundry 1,510 1,500 1,419 License Fee 525 Other 182 1, Supplies: Fertilizers 1,454 2,000 6,813 Fungicides 10,486 12,000 17,675 Grwth Regulatr 5,741 5,000 7,255 Herbicides 9,873 8,000 10,559 lnsecticides 5,064 4,500 7,567 Irrigatin 4,488 1,000 1,136 Packaging Materials 4,481 5,000 1,796 Sil Amendments 9,284 8,000 7,453 Trellis Repair 294 Other 8,376 3,000 9,476 Utilities 11,558 18,000 11,064 Ttal Expenses 396, , ,373 SURPLUS/(DEFICIT) 5,615 21, ,907 NONCASH Develpment Depreciatin 2,943 2,734 2,733 Equipment Depreciatin 419 Ttal Nn Cash Expenses 3,362 2,734 2,733 NET SURPLUS/(DEFICIT) $ 2,253 $ 19,177 $ 29,174 29

32 VINEY ARD- WINE GRAPES FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 INCOME: ACTUAL BUDGET ACTUAL Sale fprducts $ 173,595 $ 176,990 $ 147,562 Miscellaneus lncme 5, Agricultural Operatins Supprt (639) 266 Dnatin lncme (Nn Cash) 209,868 11,100 Ttallncme 388, , ,064 Payrll: Cntract Labr 85,120 45,000 38,823 Benefitted 27,697 22,500 30,278 Student 2,600 3,000 6,638 Emplyee Benefits 14, '175 14,542 Ttal Payrll 130,216 81,675 90,281 Administrative Fees 6,883 7,137 6,217 Equipment: RentaVRepair 14,385 16,000 9,864 Harvest/Hauling 7,703 7,500 14,500 Insurance 2,310 2,400 1,488 Laundry 1,396 1,500 1,287 Miscellaneus 449 1, Supplies: Fertilizers 13,066 4,000 1,663 Fungicides 11,512 13,000 13,377 Herbicides 13,096 10,000 8,786 lnsecticides 3,942 5,000 4,606 Irrigatin 1, Other 3,685 3,000 1,477 Sil Amendments 9,600 8,320 Utilities 5,385 5,000 6,043 Ttal Expenses 215, , ,805 SURPLUS/(DEFICIT) 172,418 9,278 (9,741) NONCASH Develpment Depreciatin 1,888 1,888 1,888 Equipment Depreciatin 419 Ttal Nn Cash Expenses 2,308 1,888 1,8 88 NET SURPLUS/(DEFICIT) $ 170,110 $ 7,390 $ (II,629) 30

33 ST ATEMENT OF O PERA TIONS WINERY FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 fncome: ACTUAL BUDGET ACTUAL Sale fprducts: Resal e Taxable Other Incme Public Relatins Shipping Charges Agricultural Operatins Supprt Dnatin Incme $ 297,251 60,702 6,182 3,274 5,727 (426) 24,575 $ 390,000 60,000 8,000 2,000 1,500 20,000 $ 303,760 65,569 7,227 5,730 5, ,917 Ttal lncme 397, , ,109 Payrll: Marketing/Sales Winemaker Nn-Benefitted Student Emplyee Benefits Ttal Payrll Administrative Fees Advertising/Public Relatins Advertising Public Relatins Public Relatins Sales Tax Cnsulting Credit Card Fees Dues/License Fees/Taxes Equipment: Maintenance/Repair (Increase)/Decrease in Wine Inventry lnsmance Miscellaneus Office Supplies/Mail/Printing Services Pstage/Freight Shrinkage 27,984 67,854 33,176 18,772 24, ,005 14,232 6,383 8,524 3, ,244 8,918 23,772 (37,929) 1,545 6,962 4,839 9,182 1,014 95,884 37,681 20,916 22, ,979 19,336 12,000 1,000 15,000 35, ,000 1,500 10,000 2,408 28,434 6,753 32,195 29, ,655 16,068 8,089 6, ,200 1,258 7,742 39,830 (5,452) 615 6,276 2,994 8,

34 WINERY FOR THE YEARS ENDED JUNE 30, 2015 AND 2014 EXPENSES (cntinued): Supplies: Barrels Bttles Capsules Chemicals/Cleaners/Gases Cncentrate/Wine Crks Filtering Materials Gra pes Labels Labratry Supplies Testing Packaging Materials Y east/enzymes Telephne Trave) Unifrms UBIT lncme Taxes ACTUAL 70,064 3,098 6, , ,083 19,063 1, ,054 3, BUDGET 50,000 6,000 10,000 1,000 11,000 1,000 47,000 25,000 1, ,000 1, , ACTUAL ,546 3,564 9, ,421 35,490 18,099 1, ,602 2,616 1, Ttal Expenses 400, , ,219 SURPLUS/(DEFICIT) (3,562) 36,077 72,890 NONCASH Equipment Depreciatin Ttal Nn Cash Expenses 10,829 10,829 10,327 10,327 12,535 12,535 NET SURPLUS/(DEFICIT) $ (14,391) $ 25,751 $ 60,355 32