September 29 October 2, 2014 1
FY14 Totals (In Thousands) FY14 Expenditures Total Budget Total $19,413.6 Personal Svcs $ 2,356.2 Travel $ 505.3 Contractual $16,122.9 Commodities $ 425.7 Capital Outlay $ 3.5 FY14 Revenues Fund Source Total $19,413.6 GFPR $ 7,867.2 Fed receipts $ 3,774.2 GF $ 7,772.2 CF amt from FY14 to FY15 = $19,378.5 Board Approved FY14 Total Budget = $23,523.1 Balance = $4,109.5 2
FY14 Total by Category Ct Category FY14 Board dappr Bud FY14 Exp Difference Exec Admin & Cons $2,651.0 $1,626.6 $1,024.4 CORE costs $ 220.0 $206.8 $ 13.2 Promo Fulfillment $ 400.0 $471.0 ($ 71.0) Board & Committee $ 400.0 $183.1 $216.9 Communication $ 1,200.0 $902.1 $297.9 Technical $ 900.0 $660.3 $239.7 Retail $3,333.1 $2,480.9 $852.2 Foodservice $2,225.0 $2,223.9 $ 1.1 International $7,970.0 $7,379.2 $590.8 Global Food Aid $ 407.0 $ 276.8 $130.2 RFM $ 452.0 $456.0 ($ 4.0) Advertising $ 1,800.0 $1,113.0 $687.0 Consumer PR $ 800.0 $ 687.1 $112.9 A Friedman (sustainability) $ 500.00 $500.0 0 $ 0 0 Canned Salmon Philippines $ 265.0 $246.8 $ 18.2 GRAND TOTAL $23,523.1 $19,413.6 $4,109.5 3
Revenue change from FY14 to FY15 FY14 General Fund Program Receipts (GFPR) was changed to Statutory Designated Program Receipts (SDPR) in FY15. This change will help to protect ASMI funding. Total General Fund revenues were also split between GF and GF Match. The GF Match matches federal receipts received for international grant and is a better classification than just straight GF. 4
Revenues FY14 vs FY15 FY14 Revenue Net Auth FY15 Revenue Auth FY14 Revenues FY15 Revenues Total $26,411.6 $26,710.1 GF Prgm Receipts $14,139.4 $ 0 Stat Desig Pgm Rec $ 0 $14,826.5 Federal Receipts $ 4,500.0 $ 4,500.0 General Fund Match $ 0 $ 4,500.0 General Fund $ 7,772.2 $ 2,883.6 5
FY2014 Total = $10,233,057.53 6
FY16 Budget Information Attended the Heads Up Meeting (HUM) on September 17, 2014 for FY16 ASMI requests. FY2016 Governor s Budget released on December 15, 2014. FY2016 Governor Amended scenario due to OMB on January 29, 2015. Legislature convenes January 20, 2015 Legislature adjourns April 19, 2015 7
Challenges moving forward Staffing challenges Learning existing accounting structure Revamping internal processes New State accounting system July 1, 2015 (FY16) 8
AlaskaSeafoodHarvest FINAL CY2013 9
CY2013 Harvest Value FY14 Revenues Species DOR Ex Vessel lvl Value Pt Pct. of Total Ttl Groundfish $682,377,707 35% AK Pollock $454,529,373529 23% Other GF $227,848,334 12% Salmon $782,941,218 40% Halibut (IFQ) $110,510,049 6% Black Cod (IFQ) $83,122,365 4% Shellfish $288,302,224 15% Herring $16,835,734 1% Total $1,964,089,297 Est. ASMI Tax Revenue $9,820,446 10
CY2013 Harvest Value FY14 Revenues Species DOR Ex Vessel Value Pct. of Total Groundfish $682,377,707 35% AK Pollock $454,529,373 23% Other GF $227,848,334 12% Salmon $782,941,218 40% Halibut (IFQ) $110,510,049 049 6% Black Cod (IFQ) $83,122,365 4% Shellfish $288,302,224 15% Herring $16,835,734 1% Total $1,964,089,297 Est. ASMI Tax Revenue $9,820,446 CY2012 Harvest Value (DOR): $10,005,574 FY14 Funding Difference: $185,128 11
2014 Harvest Preliminary Projections 12
Species 2014 Harvest Value Estimate 2013 DOR Ex Vessel Value E2014 DOR Ex Vessel Value Est. Value Change Groundfish $682,377,707 $720,000,000 $38,000,000 AK Pollock 454,529,373 490,000,000 $35,000,000 Other GF 227,848,334 230,000,000 $2,000,000 Salmon 782,941,218 660,000,000 ($123,000,000) Halibut (IFQ) 110,510,049 95,000,000 ($16,000,000) Black Cod (IFQ) 83,122,365 365 80,000,000000 000 ($3,000,000) 000) Shellfish 288,302,224 260,000,000 ($28,000,000) Herring 16,835,734 15,000,000 ($1,800,000) Total $1,964,089,297 $1,830,000,000 ($133,800,000) Est. ASMI Tax Revenue $9,820,446 $9,150,000 ($670,000) 13
2014 Harvest Value Estimate This is just an ESTIMATE! These figures are NOT actuals and will likely differ somewhat. However, we do expect the CY2014 Ex Vessel lvl Value to be bt between $1.8B and $1.9B. That would mean ASMI would have $300,000 to $800,000 000 less to spend. 2013 DOR Ex Vessel Value E2014 DOR Ex Vessel Value Est. Value Change Species FWIW we were $44M Groundfish $682,377,707 $720,000,000 $38,000,000 off last year s estimate AK Pollock 454,529,373 490,000,000 $35,000,000 Other GF 227,848,334 230,000,000 $2,000,000 at this time, but much Salmon 782,941,218 660,000,000 ($123,000,000) less if not for the Halibut (IFQ) 110,510,049 95,000,000 ($16,000,000) ADFG/NMFS and DOR Black Cod (IFQ) 83,122,365 80,000,000 ($3,000,000) Shellfish 288,302,224 260,000,000 ($28,000,000) discrepancy. Herring 16,835,734 15,000,000 ($1,800,000) 000) Total $1,964,089,297 $1,830,000,000 ($1343800,000) Est. ASMI Tax Revenue $9,820,446 $9,150,000 ($670,000) 14
Questions? 15
Thank you! 16
FY14 Admin & Consolidated Pgm Program FY14 Budget FY14 Exp Difference Admin Executive Office PS $ 656.0 $ 495.1 $160.9 Executive Office Travel $ 150.0 $ 102.7 $ 47.3 Fulfillment House $ 400.0 $ 471.0 ($ 71.0) Boards & Committees $ 400.0 $ 183.1 $216.9 Seafood Market Info Svc (SMIS) $ 184.5 $ 184.5 $ 0 Consolidated Costs $1,165.5 $ 563.1 $602.4 CORE costs $ 220.0 $ 206.8 $ 13.2 Boston Go Wild/New Orleans show $ 150.0 $ 0 $ 150.0 Website/IT support contract $ 295.0 $ 350.6 ($ 55.6) RFM $ 452.0 $ 456.0 ($ 40) 4.0) Canned Salmon Philippines $ 265.0 $ 246.8 $ 18.2 Adam Friedman (sustainability) $ 500.0 $ 500.0 $ 0 Trademark costs $ 50.0 $ 61.8 ($ 11.8) FY14 Total $4,888.0 $3,821.5 $1,066.5 17
FY14 Technical Program Program FY14 Budget FY14 Exp Difference Program Ops $140.0 $166.7 ($26.7) Industry Training $ 10.0 $ 0 $10.0 Trade Education $100.0 $ 20.6 $79.4 Support Materials $ 25.0 $ 79.1 ($54.1) Si Science, Health, Nutrition i $ 25.0 $ 20.0 $ 5.0 Outreach Sustainability Implementation $600.0 $373.9 $226.1 FY14 Total $900.0 $660.3 $239.7 18
FY14 Foodservice Program Program FY14 Budget FY14 Exp Difference Program Ops $375.0 $464.6 ($ 89.6) Marketing $350.0 $347.2 $ 2.8 Operator Promotions $354.0 $366.2 ($ 12.2) Distributor Promotions $287.0 $243.0 $ 44.0 Trade Shows/Confs $179.0 $186.5 ($ 7.5) Trade Education $346.0 $294.2 $ 51.8 Trade Advertising $259.0 $260.0 ($ 1.0) Trade Relations $ 50.0 $ 37.5 $ 12.5 Pink Salmon Mktg $ 24.8 ($ 24.8) FY14 Total $2,200.0 200 0 $2,223.9 223 ($ 23.9) 19
FY14 Retail Program FY14 Budget FY14 Exp Difference Program Operations $ 450.0 $ 495.5 ($ 45.5) Marketing Operations $ 240.0 $ 207.4 $ 32.6 3.6 Consumer Adv/PR Alignment $ 260.0 $ Merchandising/POS Development $ 360.0 $ Retail Training i & Industry Comm $ 690.0 $ Program Activities $1,058.3 $ 251.7 Total $2,000.0 $1,761.2 $ 238.8 20
FY14 Communications Program FY14 Budget FY14 Exp Difference Program Operations $156.0 $113.8 $42.2 Industry Relations $227.0 $208.9 $18.1 $8. Instate Comm/PR $267.0 $294.8 ($27.8) Ak Stock Photo Acquisition $ 80.0 $143.2 ($63.2) Consumer Research $ 30.0 $ 33.5 ($ 3.5) Social Media $140.0 $ 81.8 $58.2 Reserve $100.0 $ 28.3 $71.7 FY14 Total $1,000.0 $904.3 $95.7 21
FY14 Global Food Aid Program Program FY14 Budget FY14 Exp Difference Program Ops $143.0 $159.2 ($16.2) Marketing Ops/Pilot Projects $278.0 $103.4 $03.4 $174.6 $74.6 Pink Salmon Marketing $ 57.0 $ 14.2 $ 42.8 Promos, Trade Shows, Conf $ 61.0 $ 0 $61.0 FY14 Total $539.0 $276.8 68 $262.2 22