The Agricultural Foundation
of
California State University, Fresno
2014-15 Annual Report
Supplemental Information
(Unaudited)
Approved by the Board of Directors
September 18, 2015
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY,
FRESNO
Table of Contents
2014- 15
Page Number
Statement of Income and Expense
Schedule of Investments
Statement of Operations - Administration
Statement of Operations - Beef - Feedlot
Statement of Operations - Beef- Purebred Herd
Beef- Purebred Herd Livestock Inventory Summary
Statement of Operations - Beef- Red Wave Classic
Statement of Operations - Beef- San Joaquin Experimental Range
Beef- San J oaquin Experimental Range - Livestock Inventory Summary
Statement of Operations - Dairy
Dairy Livestock Inventory Summary
Statement of Operations - Dairy Industry
Statement of Operations - Farm Market
Statement of Operations - Farm Operations
Statement of Operations - Field Crops
Statement of Operations- Food Processing
Statement of Operations - Quarter Horse
Quarter Horse Livestock Inventory Summary
Statement of Operations - Meats Laboratory
Statement of Operations - Orchard
Statement of Operations - Omamental Hmiiculture - Floral
Statement of Operations - Omamental Horticulture - Nursery
Statement of Operations - Poultry
Statement of Operations - Sheep
Sheep Livestock Inventory Summary
Statement of Operations - Swine
Swine Livestock Inventory Summary
Statement of Operations - Vegetable Crops
Statement of Operations - Vineyard - Table Grapes
Statement of Operations - Vineyard - Wine Grapes
Statement of Operations - Winery
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31-32
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
THE CALIFORNIA STATE UNIVERSITY AUXILIARY ORGANIZATION
STATEMENT OF INCOME AND EXPENSE
FOR THE YEAR ENDED JUNE 30, 2015
ENTERPRISES
Administration
Beef- Feedlot
Beef- Purebred Herd
Beef - Red Wave Classic
Beef- SJER
Dairy
Dairy Industry
Farm Market
Farm Operations
Field Crops
Food Processing
Horse - Quarter Horse
Meats Laboratory
Orchard
Ornamenta) Horticulture - Floral
Ornamenta! Horticulture - Nursery
Poultry
Sheep
Swine
Vegetable Crops
Vineyard- Table Grapes
Vineyard-Wine Grapes
Winery
SALES/
INCOME
$
219,745
133,199
75,250
66,233
84,449
805,272
379,068
723,043
278,070
289,418
45,603
155,774
308,341
1,319,863
45,735
62,285
69,019
56,854
216,739
340,578
506,280
159,064
406,109
INVENTORY PRODUCTION
6/30/2014
EXPENSES
$
- $
2 19,745
29,858
152,778
28,700
79,111
4,401
62,190
23,360
78,024
283,694
1,003,246
59,410
390,381
50,564
745,898
296, 168
o
288,231
o
o
108,404
17,074
194,515
49,825
333,433
8,129
779,634
o
73,015
o
70,979
o
69,019
42,148
84,659
36,120
272,169
422,360
o
o
477,106
o
170,693
364,838
352,568
INVENTORY NETCOSTOF
PRODUCTION
6/30/2015
$
219,745
- $
19,953
162,683
34,080
73,731
2,798
63,793
24,636
76,748
274,413
1,012,527
77,943
371,848
76,642
719,820
o
296,168
o
288,231
12,471
95,933
2 1,893
189,696
57,398
325,860
10,006
777,757
o
73,015
o
70,979
o
69,019
52,715
74,092
59,142
249,147
o
422,360
o
477,106
o
170,693
345,754
371,652
TOTALS
$ 6,745,991
$
$
998,121
$
6,724,326
1,095,742
$
6,626,705
SURPLUS/
(DEFICIT)
$
(29,484)
1,519
2,440
7,701
(207,255)
7,220
3,223
(18,098)
1,187
(50,330)
(33,922)
(17,519)
542,106
(27,280)
(8,694)
o
(17,238)
(32,408)
(81,782)
29,174
(11,629)
60,355
$
119,286
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
SCHEDULE OF INVESTMENTS
AS OF JUNE 30, 2015
INVESTMENTS
Money Markets:
Citibank
Local Agency Investment Fund
Total Money Markets
Long-Term Receivables:
Califomia Dairies, Inc. Base Capital Fund
N
Endowment Fund:
Fresno State Foundation
Total Investments
COST
MARKET VALUE
6/30/2015
$1,503,076
105,170
$ 1,503,076
105,170
1,608,246
1,608,246
40,759
40,759
737,595
846,550
$2,386,600
$2,495,555
DATE OF
PURCHASE
MATURITY
DATE
STATED RATE
OFRETURN
0.25%
0.28%
2.01%
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
ADMINISTRATION
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2014-15
BUDGET
2013-14
ACTUAL
2014-15
ACTUAL
INCOME:
Administrative Fees
Insurance Refund
Interest Income
Miscellaneous lncome
$
Total Income
195,729
7, 165
4,977
155
$
200,801
5,900
5,000
$
212,422
4,327
2,850
146
208,025
211,701
219,745
18,170
2,037
1,750
30,597
160
149,000
1,179
5, 134
20,200
2,400
1,000
32,700
200
150,200
3,000
2,000
27,105
405
1,750
32,478
180
150,200
1,562
6,065
208,025
211,700
219,745
EXPENSES:
Audit:
Certified Public Accountants
Bank Charges
Dues
Insurance
Licenses/Taxes/Fee
Management and Financial Services Fee
Miscellaneous
Office Supplies/Postage/Telephone
Total Expenses
NET SURPLUS/(DEFICIT)
$
3
-
$
$
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
BEEF-FEEDLOT
FOR THE YEARS ENDED JUNE 30,2015 AND 2014
2013-14
ACTUAL
2014-15
BUDGET
2014-15
ACTUAL
TNCOME:
$
Feed
Sale of Livestock
Yardage
Agricultural Operations Support
Donation Income (Non Cash)
Total Income
51,825 $
12,138
5,362
(1,042)
51,746
60,000
15,000
7,000
$
o
o
45,734
31,522
1,516
497
53,930
120,029
82,000
133,199
34,729
1O, 187
17,017
61,933
2,668
7,312
366
7,678
3,307
EXPENSES:
Payroll:
Monthly
Student
CSUF Benefits
Total Payroll
Administrative Fees
Bad Debt Expense
Equipment:
Depreciation
Rental/Repair
Feed
(Increase)Decrease in Herd Valuation
Miscellaneous
Purchase ofLivestock
Supplies
o
o
942
11 ,682
37,657
(2,4 11)
326
13,200
214
575
11,000
55,000
126,211
Total Expenses
NET SURPLUS/(DEFICIT)
$
4
o
(6,1 82) $
35,739
14,488
18,191
68,418
3,316
3,059
1,000
12,000
575
13,064
49,429
(1,200)
6
26,016
o
o
o
90,560
162,683
(8,560) $
(29,484)
THE AGRICULTURAL FOUNDATJON OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
BEEF - PUREBRED HERD
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2013-14
ACTUAL
2014-15
BUDGET
2014-15
ACTUAL
TNCOME:
Sale of Livestock
Other:
Veterinary Supplies
Other
Agricultural Operations Support
$
76,043
$
1,580
5,026
(866)
Total Income
50,000
$
2,000
2,000
71,434
o
o
3,525
291
81,783
54,000
75,250
9,525
12,634
3,180
15,000
750
2,200
922
8,710
575
8,000
575
7,707
3,552
3,000
500
10,000
3,626
EXPENSES:
Payroll:
Student
Employee Benefits
Administrative Fees
Equipment:
Óepreciation
RentaVRepair
Exhibition/Marketing Expenses:
Advertising
Trave!
Feed
Livestock Expense:
Attificial lnsemination/Embryo Transfer
(lncrease)/Decrease in Herd Value
Registration/Perfonnance Programs
Other
Miscellaneous
Prospect Sales Expense
Supplies:
Fence
Veterinary
Other
Transportation
Utilities
o
o
33,352
4,202
1,900
685
824
1,208
2,890
Total Expenses
NET SURPLUS/(DEFICIT)
$
5
4,000
o
800
500
700
1,000
o
3,155
o
27,811
3,550
(5,380)
1,707
1' 12 1
1,488
o
o
o
3,527
1,622
3,038
78 1
5,500
3,500
2,000
700
3,367
4,515
2,750
4,230
875
79,918
58,725
73,73 1
1,865
$
(4,725) $
1,5 19
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
BEEF - PUREBRED HERD
FOR THE YEAR ENDED JUNE 30, 2015
CLASSIFICATION
cows
HEIFERS
BULLS
TOTAL
2013
2014
41
30
25
43
62.5
10
46
39
51.5
6
58.5
10
96.0
6
2015
2012
115.5
103.5
107.5
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERISTY, FRESNO
STATEMENT OF OPERATIONS
BEEF- RED W A VE CLASSI C
FOR TRE YEARS ENDED JUNE 30,201 5 AND 2014
2014-15
BUDGET
2013-14
ACTUAL
2014-15
ACTUAL
INCOME:
Bedding Sales
Entry Fees
Major Sponsor
Merchandise Sales
Other Sponsors
Agricultural Operations Support
$
Total Income
1,325
37,080
7,000
7,200
8,985
$
1,400
36,000
7,000
7,000
8,500
$
2,008
39,935
7,000
8,280
9,010
o
o
o
61,590
59,900
66,233
2,370
1,079
10,620
1,000
2,862
350
10,769
5,400
18,778
1,885
1,300
2,415
1,000
10,000
1,500
3,000
400
2,800
1,200
2,000
2,200
500
8,000
2,000
19,000
1,800
1,300
2,788
1,274
11,189
1,500
2,435
350
2,531
1,547
2,745
2,250
276
11,263
2,712
17,590
1,943
1,400
61,271
59,115
63,793
EXPENSES:
Administrative Fees
Advertising/Promotion
Awards
Bedding fo r Resale/Rings
Catering
CJLA Sanctioning Fees
Credit Card Fees
Equipment Rental
Judges Trave! Expense
Judging Fees
Mai! Charges
Merchandise for Resale
Miscellaneous
Premiums
Secw-ity
Waste Disposal
o
1,000
2,108
1,750
o
Total Expenses
NET SURPLUS/(DEFICIT)
$
7
319
$
785
$
2,440
THE AGRICULTURAL FOUNDATION OF CALIFORN IA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
BEEF- SAN JOAQUIN EXPERIMENTAL RANGE
FOR THE YEARS EN DED JUNE 30,2015 AND 2014
2013-14
ACTUAL
2014-15
BUDGET
2014-15
ACTUAL
INCOME:
Sal e of Livestock:
SJER Sales
Pasture Cattle Income
Miscellaneous:
Pasture Rent
Other Income
Gain/(Loss) on Sale ofEquipment
Agricultural Operations Support
$
139,521
$
o
6,880
20,000
6,880
o
$
38,033
22,970
23,250
o
o
o
o
196
145,560
86,880
84,449
24,372
13,622
5,787
43,781
5,634
26,405
5,281
31,686
3,503
18,530
3,830
3,2 11
25,571
3,546
1,458
13,209
29,304
1,458
12,000
16,000
1,458
8,296
20,856
o
300
448
(1,289)
Total Income
60,000
o
EXPENSES:
Payroll:
Non-Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Equipment:
Depreciation
Rental/Repair
Feed
Livestock Expense:
Artific ial Insemination
Increase in Herd valuation
Horseshoeing/HoofTrim
Purchase of Breeding Stock
Miscellaneous:
Other
Supplies:
Fence/Corral Repair
Pro pane
Veterinary
Other
Utilities
Total Expenses
NET SURPLUS/(DEFICIT)
$
8
o
o
o
25,492
1,845
7,900
1,800
3,000
1,762
800
770
85 1
5,000
4,865
o
o
o
1,952
2,528
11,736
2,000
1,000
10,000
684
2,359
8,439
147,450
88,547
76,748
(1,890) $
(1 ,667) $
(1 ,276)
1,180
o
7,701
TRE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
BEEF-SAN JOAQUIN EXPERIMENTAL RANGE
FOR TRE YEAR ENDED JUNE 30, 2015
CLASSIFICATION
COMMERClAL HERD
2012
2013
2014
2015
167
140
55
59
9
THE AGRICULTURAL FOUNDATION OF CALIFORNJA STATE UNIVERSITY, FRESNO
STATEMENT OF O PERATIONS
DAIRY
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2014-15
BUDGET
2013-14
ACTUAL
2014-15
ACTUAL
INCOME:
Sale ofLivestock
Sale of Products
Other lncome
Donation Income (Non Cash)
Agricultural Operations Support
$
Totallncome
61,893 $
788,300
25,019
55 ,578
(8,3522
50,000
750,000
10,000
$
o
o
84,5 14
674,654
26,820
15,549
3,735
922,438
810,000
805,272
34,621
88,963
13,156
136,741
33,678
747
o
94,500
4,725
99,225
32,663
200
11,153
11 7,479
2,978
131,610
32,957
994
62,898
13,165
94,765
263
542,018
61,986
5,000
85,000
100
500,000
14,167
12,000
1,000
5,000
EXPENSES:
Payroll:
Monthly
Student
Employee Benefits
Total Payroll
Administrative Fees
Association Dues
Equipment:
Depreciation
Rental/Lease
Rentai/Repair
Exhibition!Marketing
Feed
Livestock Expense:
Artificial lnsemination!Embryo Transfer
Bedding
Biologicals/Antibiotics
BST
DHI Testing/Classification
Donation ofLivestock
HoofTrimming
(lncrease)/Decrease in Herd Value
Livestock Expense
Purchase ofLivestock
Registration!Classification
Veterinary Services
Waste Management/Nutrient
Other
Supplies:
Cleaning
Veterinary Supplies
Other
o
4,354
390
3,434
6,800
1,157
(47,470)
$
10
11 ,419
o
4,432
800
3,891
o
o
900
1,174
(12, 164)
2,600
o
o
o
3,055
7,384
16
6,206
5,838
250
16,476
598
3,799
14,000
1,000
2,700
10,969
7,029
1,809
939,687
865,874
1,012,527
{17,249) $
(55,874) $
o
NET SURPLUS/(DEFICIT)
o
635,404
25,000
100
6,000
10,000
500
41,250
Total Expenses
o
3,500
61,986
11 ,307
94,016
(207,255)
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
DAffiY
FOR THE YEAR ENDED JUNE 30, 2015
2013
2014
o
o
HEIFERS
228
84
231
73
269
104
278
105
TOTAL
312
305
373
383
CLASSIFICATION
BULLS
cows
2012
o
11
2015
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
DAIRY INDUSTRY
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2014-15
BUDGET
2013-14
ACTUAL
2014-15
ACTUAL
INCOME:
$
Sale of Products
Agricultural Operations Suppmt
Donation lncome
Miscellaneous
Total lncome
331,146 $
(2,474)
25,940
286
354,898
360,000
$
o
o
o
360,000
344,705
1,312
26,022
7,029
379,068
EXPENSES:
Payroll:
Monthly
Student
Employee Benefits
Total Payroll
Administrative Fees
Equipment:
Depreciation
Rental/Repair
Miscellaneous:
lnspections/ Assessments
Purchased Products for Resale
Public Relations
Supplies:
Cleaning Chemicals
Ingredients
Packaging
Miscellaneous
Unifonns
Total Expenses
$
NET SURPLUS/(DEFICIT)
12
o
15,564
59,770
7,315
82,649
12,754
53,437
2,672
56,109
14,517
15,564
72,398
7,532
95,494
14,805
9,225
45,470
8,487
45,000
8,487
37,790
7,209
85,348
3,746
8,400
90,000
2,500
7,640
102,334
4,733
3,568
52,902
54,128
5,112
4,000
43,000
55,000
7,800
o
o
2,860
39,099
50,868
6,456
1,282
362,108
334,813
371,848
(7,209) $
25,187
$
7,220
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
GIBSON FARM MARKET
FOR THE YEARS ENDED JUNE 30, 2015 A ND 2014
2013-14
ACTUAL
2014-15
BUDGET
2014-15
ACTUAL
INCOME:
Commissions
Floral Sales
Food Sales
Non-Food Sales
Wine Sales
Agricultural Operations Support
Donation Income (Non Cash)
Miscellaneous
$
Total Income
104,736
$
87,500
$
o
o
359,797
33,995
194,134
(7, 182)
120
463
345,000
30,000
191,000
o
o
o
94,454
2,192
368,592
22,090
184,983
2,710
46,294
1,728
686,063
653,500
723,043
55,801
61,728
18,720
137,250
7,799
225,497
200
6,500
19,400
61,728
21,438
162, 108
28,051
273,325
179
6,193
25,605
330
EXPENSES:
Payroll :
Benefitted
Non-Benefitted
Student
Emp1oyee Benefits
Total Payroll
Advertising
Contract Labor - Custodial
C redit Card Fees
Donations
Equipment:
Depreciation
Rental/Repair
Licenses/Taxes/Fees
Miscellaneous
Products for Resale - Wine
Products for Resale - Food
Products for Resale - Non-Food
Products for Resale - Floral
Public Relations
Shrinkage
Supplies
Special Events
Travei/Training
UBIT Income Taxes
Unifonns
Utilities
o
172,486
2, 168
230,455
203
6,055
25,848
3 19
15,895
13,153
371
2,091
123,494
186,124
12,824
Total Expenses
NET SURPLUS/(DEFICIT)
$
13
o
15,895
9,000
2,500
2,500
125,000
140,000
13,000
o
o
96 1
1, 190
42,961
3,17 1
. 1,500
6,850
38,000
2,500
o
1,474
34,910
1,000
1,000
33,000
18,033
13,594
1,127
118
117,448
172,874
12,761
1,174
392
1,388
35,192
4, 193
256
204
16
35,418
70 1,501
643,342
719,820
(15,438) $
10,158
$
3,223
STATEMENT OF O PERATIONS
FARM O PERATIONS
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
\
I
2014-15
BUDGET
2013-14
ACTUAL
2014-15
ACTUAL
INCOME:
$
Agricultural Operations Support from University
Donation Income
Endowment Income:
Interest Income
Unrealized Gain (Loss) on Securities
Miscellaneous
Total Income
537,469
$
280,000
$
262,256
600
o
o
32,023
60,371
4,742
15,000
5,000
o
634,605
300,000
278,070
7,463
10,000
o
o
o
o
o
o
33,312
(18,098)
EXPENSES:
I
I
I
Payroll:
Contract Labor
Salaries/Wages
Student
Employee Benefits
Total Payroll
Equipment:
Depreciation
Rental!Repair
Bad Debt
Incentive Fee Transfers
lnfrastructure lmprovements
Miscellaneous
Property Tax
Public Relations
Supplies
University Donations
Utilities
Waste Management/Nutrient
o
o
6,773
15,000
750
25,750
o
14,235
21,429
20,000
21,832
17,506
127
12,256
7,517
4,190
o
o
1,173
3,829
486,815
2,426
2,328
10,000
5,000
3,000
4,500
7,000
235,000
7,000
3,000
3,714
6, 196
232,351
1,346
128
574,234
341,679
296,168
(41,679) $
~18,098)
o
Total Expenses
NET SURPLUS/(DEFICIT)
$
I
I
14
24,694
14,758
134
1,194
1,150
10,503
60,371
$
o
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
FIELD CROPS
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2014-15
BUDGET
2013-14
ACTUAL
2014-15
ACTUAL
INCOME:
$
Sale ofProducts
Agricultural Operations Support
Donation Income (Non Cash)
Total Income
232,909 $
(2,252)
13,528
210,000
o
o
272,236
1,205
15,977
244,186
210,000
289,418
22,608
19,407
15,192
8,073
65,280
8,962
4,000
20,000
12,000
8,160
44,160
8,468
61,060
16,445
24,572
6,347
108,424
11,458
4,457
49,682
29,431
229
4,457
30,000
20,000
300
500
4,457
52,994
36,137
8,072
11,603
194
13 ,448
7,804
221
10,312
50,000
7,000
4,000
52,190
12,944
7,895
913
26,316
245,831
205,885
$
EXPENSES:
Payroll:
Contract Labor
Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Equiprnent:
Depreciation
Rental!Repair
Harvesting/Hau Iing
Insurance
Miscellaneous
Supplies:
Fertilizer
Herbicides
lnsecticides
Irrigation
Seeds
Soi! Amendments
Other
Utilities
o
Total Expenses
NET SURPLUS/(DEFICIT)
$
15
(1,645) $
o
o
3
o
10,000
10,000
2,000
15,000
4, 11 5
o
440
1O, 197
288,231
$
1,187
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
FOOD PROCESSING
FOR THE YEARS ENDED JUNE 30,2015 AND 2014
2013-14
ACTUAL
2014-15
BUDGET
2014-15
ACTUAL
INCOME:
$
Sale ofProducts
Agricultural Operations Support
M iscellaneous
Donation Income (Non Cash)
31,476 $
(383)
$
43,862
24 1
1,500
44,414
o
o
o
75,507
305,960
45,603
30,420
8,034
13,993
52,448
1,211
32,137
13,995
10,398
56,530
1,909
o
o
60,000
55,000
11,750
126,750
12,338
6,000
9,000
5,000
5,000
1,233
11,012
5,374
117,682
20,000
1,192
17,909
11,573
76,278
296,770
95,933
o
Total Income
305,960
o
EXPENSES:
Payroll:
Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Custodial
Equipment Rental/Repair
Miscellaneous
Processing Lab Charges
Supplies:
Cleaning Chemicals
Ingredients
Packaging
Total Expenses
NET SURPLUS/(DEFICIT)
$
16
(77 1) $
o
1,785
35
5,000
o
9, 190
$
(50,3 30)
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
HORSE- QUARTER HORSE/EQUINE
FOR THE YEARS ENDED JUNE 30,2015 AND 2014
2014-15
BUDGET
2013-14
ACTUAL
2014-15
ACTUAL
TNCOME:
$
Sale of Livestock
Boarding Fees- SHC
Breeding
Equestrian Fees - SHC
Pen Rental
Other
Agricultural Operations Support
Gain/(Loss) on Sale ofEquipment
Donation Income
3 1,550 $
22,208
500
42,892
8,230
474
(1,35 1)
(266)
59,491
20,000
24,000
$
12,300
39,246
o
o
50,000
7,000
1,000
50,259
8,925
17,155
573
o
o
o
o
27,316
Total Income
163,727
102,000
155,774
Benefitted
Non-Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Credit Card Fees
Equipment:
Depreciation
Rental/Repair
Exhibition/Marketing:
Advertising
Feed
Livestock Expense:
Donation of Livestock
Farrier
Decrease in Herd Valuation
Livestock Expense
Miscellaneous
Registration Fees
Veterinary Services
Miscellaneous
Supplies:
Straw/Bedding
Veterinary Supplies
Other
Utilities
35,631
200
19,424
19,081
74,336
4,073
548
o
o
16,1 78
22, 100
1,105
23,205
4, 113
500
25,823
7,634
49,635
5,383
332
7,504
8,941
6,7 14
9,900
6,547
8,670
500
50,000
75 ,545
EXPENSES:
Payroll:
o
55,150
6,400
4,660
3,200
3,815
844
105
3,350
Total Expenses
NET SURPLUS/(DEFICIT)
$
17
o
5,000
o
o
o
o
3,200
6,705
(2,800)
o
1,000
700
700
347
730
3,168
o
o
o
22,020
2,979
3,709
284
16,000
3,000
1,000
300
26,900
4,015
1,001
318
201,9 18
122,632
189,696
(38,19 1) $
(20,632) $
(33,922)
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
HORSE - QUARTER HORSE
FOR THE YEAR ENDED JUNE 30, 2015
CLASSIFICATION
2014
2015
2012
2013
STALLIONS
MARES
FILLIES & COLTS
GELDINGS
5
13
22
4
o
o
12
15
12
13
11
IO
4
o
o
2
TOTAL
44
31
23
25
18
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF O PERA TIONS
MEATSLABORATORY
FOR THE YEARS ENDED JUNE 30,2015 AND 2014
2013-14
ACTUAL
2014-15
BUDGET
2014-15
ACTUAL
rNCOME:
Sale ofProducts
Catering
Custom Slaughter
Product Developme nt
Agricultural Operations Support
Donation lncome (Non Cash)
Miscellaneous
$
Totallncome
245,176
850
21,223
31,455
1,404
114,660
2,992
$
220,000
2,500
20,000
25,000
$
233,865
3,193
11 ,273
o
o
o
5,000
1,403
57,455
1,152
417,762
272,500
308,341
33,070
9 1,1 97
16,535
140,802
11,609
o
78,750
3,938
82,688
10,989
33,377
79,550
17,226
130, 153
10,50 1
16,669
19,052
19,130
7,500
19, 130
4,739
EXPENSES:
Payroll:
Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Equipment:
Depreciation
Rental/Repair
Miscellaneous:
Advertising
Dues
Rendering
Other
Products for Resale
Products for Catering
L ivestock For Resale
Supplies:
Packaging Materials
Processing Supplies
Small Equipment
Other
200
125
3,200
1,935
73,497
267
57,572
Total Expenses
$
NET SURPLUS/(DEFICIT)
19
o
o
575
3,500
5,000
33,004
435
3,040
1,690
90,145
556
50,470
o
84,866
8,656
4,248
6,351
8,366
12,000
352,548
65,214
$
o
9,077
538
500
3,000
5,386
262,752
325,860
9,748
o
$
(17,5 19)
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATE MENT OF O PERATJONS
ORCHARD
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2014-15
BUDGET
2013-14
ACTUAL
2014-15
ACTUAL
INCOME:
$
Sal e of Products
Other Income
Sal e of Olive Oi! (Bottled)
Agricultural Operations Support
Donation Income (Non Cash)
Totallncome
$
1,274,544
8,190
24,900
1,129
11,100
1,171,078 $
11,287
27,079
(2,227)
36,367
848,843
i,243,583
880,843
1,3 19,863
226,5 14
10,395
19,148
10,998
10,484
277,539
46,540
13,086
247,000
40,000
27,000
17,350
33 1,350
35,520
13,087
217,974
49,932
2,576
27,744
18,055
3 16,281
55,039
13,087
13,570
46,064
12,960
45,000
12,960
57,436
9,321
22,347
13,749
6,333
780
10,000
25,000
15,000
10,000
1,500
7,578
15,209
15,051
7,323
1,837
o
32,000
o
o
EXPENSES:
Payroll:
Contract Labor
Benefitted
Non-Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Deve1opment Depreciation
Equipment:
Depreciation
Rental/Repair
Harvesting/Marketing:
Hauling
Other
Insurance
Irrigation
Miscellaneous
Products for Resale:
Products for Resale- O li ve Oil
Supplies:
Bees
Fe1tilizer
Fungicides
Herbicides
lnsecticides
Other
Utilities
Total Expenses
$
NET SURPLUS/(DEFICIT)
20
o
o
o
o
15,601
15,000
10,856
20,400
59,528
2 1,247
2 1,191
27,917
14,205
29,067
21,000
45,000
20,000
35,000
20,000
7,000
44,000
20,400
63,354
33,778
48,264
44,016
19, 168
36,120
658,486
706,417
777,757
585,097
$
174,426
$
542,106
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
ORNAMENT AL HORTICULTURE - FLORAL
FOR THE YEARS ENDED JUNE 30,2015 AND 2014
2014-15
BUDGET
2013-14
ACTUAL
INCOME:
Sale ofProducts:
Flowers
ltems/Farm Market
Other Income
Agricultural Operations Support
$
Total Income
2014-15
ACTUAL
100,302 $
2,870
14
(1,575)
115,000
3,500
$
o
o
43,018
2,44 1
25
251
101,611
118,500
45,735
29,811
31,806
5,788
67,405
3,971
1,318
37,440
25,000
8,300
70,740
4,779
1,000
o
o
22,606
12,893
1' 183
36,682
1,914
326
189
468
47,178
8,294
3,729
2,014
100
45,000
11,297
4,000
1,500
1,258
20,070
10,469
1,658
449
134,376
138,416
73,015
(32,765) $
{19,916) $
EXPENSES:
Payroll:
Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Credit Card Fees
Donations
Equipment:
Miscellaneous
Products for Resale -Flowers
Products for Resale-Floral Supplies
Vehicle Rental
Supplies
Total Expenses
NET SURPLUS/(DEFICIT)
$
21
(27,280)
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
ORNAMENT AL HORTICULTURE - NURSERY
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2013-14
ACTUAL
2014-15
BUDGET
2014-1 5
ACTUAL
rNCOME:
$
Greenbouse Plants(Store)
Nursery Plants
Organic Plants
Plant Rental
Agricultural Operations Support
Donation Income (Non Cash)
Other lncome
Total Income
24,063 $
12,583
2,308
81
(532)
23,472
2
23,000
11,000
3,000
100
$
o
21,283
13,378
3,51 1
20
408
23,364
321
61,977
37,100
62,285
o
12,968
20,865
10,396
44,229
1,621
244
o
o
EXPENSES:
Payroll:
Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Credit Card Fees
Depreciation
Equipment Rental/Repair
M iscellaneous:
Certification/License
Miscellaneous
Office Supplies
Products for Resale:
Nursery/House Plants
Supplies:
Containers
Fertilizers
Herbicides
Insecticides/Fungicides
Labels
Soil Media
Other
12,968
12,789
10,504
36,260
1,502
455
1,412
1,829
Total Expenses
$
NET SURPLUS/(DEFICIT)
22
15,000
750
15,750
1,496
200
o
o
2,000
2,943
759
116
733
800
200
200
733
450
574
12,270
9,000
7,538
1,306
598
201
141
952
1,943
6,926
700
500
200
200
700
1,500
5,000
1,537
309
192
201
855
2,134
7,419
67,403
38,446
70,979
{5,426) $
(1,346) $
(8,694)
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
POULTRY
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2014-15
BUDGET
2013-14
ACTUAL
2014-15
ACTUAL
INCOME:
Sale of Products
Foster Farms Stipend
Research Projects
Agricultural Operations Support
$
1,973
71,924
$
o
$
3,93 1
65,088
o
o
o
71,990
65,000
69,019
28, 11 6
39,914
1,871
69,90 1
76
1,272
13 1
609
24,278
33,000
1,500
58,778
202
1,272
500
4,000
12,728
51,402
2,078
66,208
165
1,272
215
1,159
71,990
64,752
69,019
(1,909)
Total Income
5,000
60,000
EXPENSES:
Payroll:
Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Depreciation
Equipment Rentai/Repair
Supplies
Total Expenses
NET SURPLUS/(DEFICIT)
$
23
-
$
248
$
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
SHEEP
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2013-14
ACTUAL
2014-15
BUDGET
2014-15
ACTUAL
INCOME:
Sale ofLivestock
Other Income
Donation Income
Agricultural Operations Suppmt
$
Total Income
37,494 $
(1)
36,081
(235)
40,000
o
o
o
37,670
1,138
17,963
83
73,340
40,000
56,854
o
2,000
1,613
11,896
3,060
6,067
21,023
1,633
4,175
3,000
1,830
o
200
30,000
36,189
$
EXPENSES:
Payroll:
Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Equipment:
RentaVRepair
Exhibition/Marketing:
Advertising Costs
Feed
Livestock Expense:
Donation Expense
(Increase)/Decrease in Herd Valuation
Pw·chase of Livestock
Shearing
Miscellaneous:
Other
Supplies
Bedding
Veterinary
Other
23,862
784
12,169
36,8 15
1,443
27,500
Total Expenses
NET SURPLUS/(DEFICIT)
$
24
2,000
o
o
o
o
o
50
6,7 15
2,690
785
5,000
500
(510)
10,044
805
o
300
o
547
2,263
79
500
1,500
500
138
2,940
83,061
45,1 13
74,092
{9,721) $
(5,113) $
o
(1 7,238)
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERS ITY, FRESNO
STATEMENT OF OPERATIONS
SHEEP
FOR THE YEAR ENDED JUNE 30, 2015
CLASSIFICATION
STUDRAMS
EWES
LAMBS
TOTAL
2012
2013
2014
4
73
49
4
83
5
6
81
77
66
52
55
126
153
138
138
25
2015
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UN IVERSITY, FRESNO
STATEMENT OF OPERATIONS
SWINE
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2014-15
ACTUAL
2014-15
BUDGET
2013-14
ACTUAL
INCOME:
Sal e of Livestock
Sal e of Semen
Feed
Premiums
Other
Agricultural Operations Support
Donation Income
$
118,371
930
$
$
200
149,274
9,835
178
1,147
2,495
522
53,288
172,879
150,700
216,739
34,802
6,081
17,053
57,936
7,500
375
7,875
o
o
2,014
2,500
o
o
o
(391)
51,955
Total Income
146,500
1,500
EXPENSES:
Payroll:
Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Bad Debt Expense
Equipment:
Depreciation
Rental/Repair
Feed
Livestock Expense:
(Increase)/Decrease in Herd Valuation
Donation of Livestock
Purchase ofLivestock
Purchase of Semen
Miscellaneous:
Advertising
Dues
Entry Fees
Miscellaneous
Registrations
Veterinary Services
National Pork Board
Supplies:
Artificial Insemination
Bedding:
Straw
Shavings
Miscellaneous
Pharmaceutica1s
Trave!
4,668
450
1,833
2,232
123,550
$
26
o
35,109
22,795
17,779
75,683
6,858
1,745
o
o
3,000
145,000
9,019
151,035
o
2,373
5,000
o
1,000
450
850
500
1,200
750
(20,455)
400
3,850
5,672
o
o
200
413
1,264
661
471
264
400
750
1,316
379
306
533
4,492
1,330
2,500
750
4,500
1,500
1,08 1
373
1,682
6,421
1,197
200,591
18 1,702
249,147
(27,7 12) $
(3 1,002) $
(32,408)
350
1,108
75
742
I
209
NET SURPLUS/(DEFICIT)
6,077
o
o
o
(2,475)
100
Total Expenses
o
o
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNTVERSITY, FRESNO
STATEMENT OF OPERATIONS
SWINE
FOR THE YEAR ENDED JUNE 30, 2015
CLASSIFICATION
2012
2013
2014
2015
li
HERDBOARS
BREEDING SOWS
MARKET SWINE
100
313
7
92
257
7
90
293
156
376
TOTAL
424
356
390
543
27
li
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNJVER SITY, FRESNO
STATEMENT OF OPERATIONS
VEGETABLE CROPS
FOR THE YEARS ENDED JUNE 30,2015 AND 2014
2014-15
ACTUAL
2014-15
BUDGET
2013-14
ACTUAL
INCOME:
$
Sal e of Products
Agricultural Operations Support
Donation Income (Non Cash)
Miscellaneous Income
Total Income
390,840 $
(3,812)
13,528
880
350,000
$
o
324,003
1,599
14,976
o
o
401,436
350,000
340,578
219,249
19,407
416
27,307
7,656
274,036
15,073
140,000
20,000
15,000
8,310
183,310
14,114
160,626
16,445
(416)
35,098
6,394
218,147
13,637
1,068
64,392
16,467
1,068
30,000
1,068
67,386
o
o
EXPENSES:
Payroll:
Contract Labor
Benefitted
Non Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Equipment:
Depreciation
Rental/Repair
Product for Resale
Supplies:
Bins
Fertilizers
Fungicides
Herbicides
Insecticides
Irrigation
Seed
Other
Utilities
Total Expenses
NET SURPLUS/(DEFICIT)
$
28
o
o
o
o
17,785
417
9,420
I 0,676
17,667
32,955
22,650
17, 165
20,000
500
8,000
4,000
8,000
25,000
7,000
25,000
33,776
499,772
325,992
422,360
(98,335) $
24,008
o
8,915
5,914
13,337
31,634
16,247
12,299
$
(81 ,782)
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNJVERSITY, FRESNO
STATEMENT OF OPERATIONS
VINEYARD - T ABLE GRAP ES
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2013-14
ACTUAL
INCOME:
Sale ofProducts
Agricultura l Operations Support
Donation Income (Non Cash)
Miscellaneous lncome
$
Total lncome
EXPENSES:
Payroll:
Contract Labor
Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Equipment:
Rental/Repair
Harvesting/Packing!Marketing
Miscellaneous:
Crop lnsurance
Laundry
License Fee
Other
Supplies:
Fertilizers
Fungicides
Growth Regulator
Herbicides
lnsecticides
Irrigation
Packaging Materials
Soil Amendments
Trellis Repair
Other
Utilities
2014-15
ACTUAL
2014-15
BUDGET
394,157 $
(1 ,558)
8,368
890
395,125
$
2,000
461,264
645
43,478
893
401,858
397,125
506,280
213,769
27,697
17,770
14,356
273,593
15,202
215,000
22,500
12,000
11,700
261,200
16,014
269,466
30,278
16,618
14,880
33 1,242
19,452
24,188
1,558
20,000
25,387
5,566
8,908
1,510
9,000
1,500
o
o
o
o
o
182
1,000
9,346
1,419
525
642
1,454
10,486
5,741
9,873
5,064
4,488
4,481
9,284
294
8,376
11,558
2,000
12,000
5,000
8,000
4,500
1,000
5,000
8,000
6,813
17,675
7,255
10,559
7,567
1,136
1,796
7,453
o
o
3,000
18,000
9,476
11,064
396,242
375,214
474,373
SURPLUS/(DEFICIT)
5,615
21,9 11
31,907
NONCASH EXPENSES:
Development Depreciation
Equipment Depreciation
Total Non Cash Expenses
2,943
419
3,362
2,734
2,733
Total Expenses
NET SURPLUS/(DEFICIT)
$
29
2,253
o
o
2,734
$
19,177
2,733
$
29,174
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
VINEY ARD- WINE GRAPES
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2013-14
ACTUAL
2014-15
BUDGET
2014-15
ACTUAL
INCOME:
Sale ofProducts
Miscellaneous lncome
Agricultural Operations Support
Donation lncome (Non Cash)
$
Totallncome
173,595 $
5,272
(639)
209,868
176,990
o
o
o
$
147,562
136
266
11 , 100
388,097
176,990
159,064
85,120
27,697
2,600
14,799
130,216
6,883
45,000
22,500
3,000
11 '175
81,675
7,137
38,823
30,278
6,638
14,542
90,28 1
6,217
14,385
7,703
2,310
1,396
449
16,000
7,500
2,400
1,500
1,200
9,864
14,500
1,488
1,287
896
13,066
11 ,512
13,096
3,942
1,649
3,685
1,663
13,377
8,786
4,606
5,385
4,000
13,000
10,000
5,000
700
3,000
9,600
5,000
215,679
167,712
168,805
172,4 18
9,278
(9,741)
1,888
419
2,308
1,888
1,888
EXPENSES:
Payroll:
Contract Labor
Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Equipment:
RentaVRepair
Harvest/Hauling
Insurance
Laundry
Miscellaneous
Supplies:
Fertilizers
Fungicides
Herbicides
lnsecticides
Irrigation
Other
Soil Amendments
Utilities
o
Total Expenses
SURPLUS/(DEFICIT)
NONCASH EXPENSES:
Development Depreciation
Equipment Depreciation
Total Non Cash Expenses
NET SURPLUS/(DEFICIT)
$
30
170,110
$
o
1,477
8,320
6,043
o
o
1,888
1,8 88
7,390
$
(II ,629)
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF O PERATIONS
WINERY
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2014- 15
BUDGET
2013-14
ACTUAL
2014-15
ACTUAL
fNCOME:
Sale ofProducts:
Resal e
Taxable
Other Income
Public Relations
Shipping Charges
Agricultural Operations Support
Donation Income
$
Total lncome
$
297,25 1 $
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
5,227
679
17,917
397,286
481,500
406,109
o
28,434
6,753
32, 195
29,305
968
97,655
16,068
8,089
6, 105
873
56
1,200
1,258
7,742
o
EXPENSES:
Payroll:
Marketing/Sales
Winemaker
Non-Benefitted
Student
Employee Benefits
Total Payroll
Administrative Fees
Advertising/Public Relations
Advertising
Public Relations
Public Relations Sales Tax
Consulting
Credit Card Fees
Dues/License Fees/Taxes
Equipment:
Maintenance/Repair
(Increase)/Decrease in Wine Inventory
lnsm ance
Miscellaneous
Office Supplies/Mail/Printing Services
Postage/Freight
Shrinkage
27,984
67,854
33,176
18,772
24,2 19
172,005
14,232
6,383
8,524
3,079
33
31
95,884
37,68 1
20,9 16
22,498
176,979
19,336
12,000
o
o
o
o
o
1,244
8,918
1,000
15,000
23,772
(37,929)
1,545
6,962
4,839
9,1 82
1,014
35,000
o
500
4,000
1,500
10,000
2,408
39,830
(5,452)
615
6,276
2,994
8,553
707
THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO
STATEMENT OF OPERATIONS
WINERY
FOR THE YEARS ENDED JUNE 30, 2015 AND 2014
2013-14
ACTUAL
EXPENSES (continued):
Supplies:
Barrels
Bottles
Capsules
Chemicals/Cleaners/Gases
Concentrate/Wine
Corks
Filtering Materials
Grapes
Labels
Laboratory Supplies
Testing
Packaging Materials
Yeast/Enzymes
Telephone
Trave)
Uniforms
UBIT lncome Taxes
2014-15
BUDGET
o
o
70,064
3,098
6,220
560
16,242
324
47,083
19,063
1,057
220
9,054
3,792
50,000
6,000
10,000
1,000
11,000
1,000
47,000
25,000
1,000
200
12,000
1,000
500
o
910
53,546
3,564
9,103
96
11,421
o
35,490
18,099
1,338
262
2,602
2,616
o
o
o
o
2,000
1,268
30
305
400,848
445,423
333,219
236
33
Total Expenses
2014-15
ACTUAL
SURPLUS/(DEFICIT)
(3,562)
36,077
72,890
NONCASH EXPENSES:
Equipment Depreciation
Total Non Cash Expenses
10,829
10,829
10,327
10,327
12,535
12,535
NET SURPLUS/(DEFICIT)
$
32
(14,391) $
25,751
$
60,355