Get documents about "Dairy NORTH CAROLINA DAIRY FOUNDATION Request for Support
Document Sample
NORTH CAROLINA DAIRY FOUNDATION
Request for Support
2009-10 Fiscal Year
Ap p r o ved b y Dair y
Fo u n d atio n B u d g et
Co m m ittee o n 3/11/09
Approved Latest Requested
Budget Estimate Budget
GENERAL FUND 2008-09 2008-09 2009-10
Income
Contributions $ 30,000 $ 30,000 $ 25,000
Interest & Dividends (with quasi I&D for FY09 only) 25,500 25,500 3,200
Total Income $ 55,500 $ 55,500 $ 28,200
Total Support $ 55,500 $ 55,500 $ 28,200
Expenditures ***
*>
Program Support *< $ 78,231 <$ 73,305 ^> $ 140,926
( Attachment A)
Foundation Administration and Development Support 8,100 8,100 7,600
( Attachment B)
Total Expenditures $ 86,331 $ 81,405 $ 148,526
Income Less Expenditures (30,831) (25,905) (120,326)
Beginning General Fund Balance including
Quasi Endowment per 06/08 Audit 803,755 803,755 777,850
Ending General Fund Balance $ 772,924 $ 777,850 $ 657,524
Represented By:
General Fund Cash Balance $ 173,798 $ 392,950 $ 272,624
General Fund Quasi Endowment (6/30/2008 market value) 599,126 384,900 ** 384,900
$ 772,924 $ 777,850 $ 657,524
SUBMITTED BY:
Dean Johnny Wynne
NOTE: The level of expenditures from restricted funds (excluding endowment income funds) does not require approval by the Board of
Directors. Restricted fund expenditures are controlled by the individual(s) responsible for the fund based on its purpose as specified by the
donor. Expenditures from endowment income funds are based on the Spending Policy approved by the Board of Directors.
This budget is to be used as a guide. Funds approved can be used as needed at the discretion of the Dean.
** Based on an estimated 30% market value loss.
^ Amount subject to change based upon funds awarded form Golden Leaf Foundation on project 08-08 Dairy Advantage
> Requested carryover of balance to finish project in summer months.
< Approved Carryover request from 07-08
*** At a special meeting of the NC Dairy Foundation Executive Committee on December 6, 2006, a funding proposal titled "NC Dairy Foundation
Challenge to create the Dairy Education Center & Creamery Café at NC State University" was presented. The Executive Committee approved funding
of $200,000 contingent upon the Dairy Education Center and Creamery Café securing an additional $300,000 in funds through the Sweet Acidophilus
Committee and $1.9 million through other private investment, alternative funding and/or institutional support. Due to the contingent nature of this
proposal, no funds have been reserved from the NC Dairy Foundation Annual Fund.
Not included in the General Fund Cash Balance or Quasi Balances above, the NCDF-Sweet Acidophilus quasi fund (originally invested $750,000) has
an estimated market value of $638,420 as of 12/31/08. The NCDF-Sweet Acidophilus restricted fund balance as of March 12, 2009 is $284,180.
12/12/2011 3:02 AM Dairy 1
NORTH CAROLINA DAIRY FOUNDATION
Request for Support
2009-10 Fiscal Year
ATTACHMENT A
Page 1 of 2
Approved Latest Requested
Budget Estimate Budget
2008-09 2008-09 2009-10
PROGRAM SUPPORT
Administration
Continuing Tuition Pool 06-00 $ 5,500 $ 5,500 $ 5,700
Continuing Tuition Pool 07-00 0 0 0
Continuing Tuition Pool 08-00 5,500 5,500 5,700
New Tuition Pool 09-00 0 0 0
$ 11,000 $ 11,000 $ 11,400
Ag & Resource Economics
Areas of Work:
Dairy Advantage: the North Carolina Dairy Industry
Stabilization and Growth Program - Benson
Non-Salary Operating Support 08-08 $ 10,528 $ 10,528 ^ $ 89,000
TOTAL $ 10,528 $ 10,528 $ 89,000
Animal Science
Areas of Work:
Identification of genes affecting somatic cell score and
daughter pregnancy rate in an influential Holstein
sire family - Ashwell
Graduate Research Assistant 06-05 20,057 20,057 19,850
Effect of Feeding Supplemental Rumen-Protected Niacin on
on Reducing Plasma NEFA Concentrations and Ketosis Incidence
in Transitin and Early Lactation Cows- Hopkins
Non-Salary Operating Support 07-03 < 9,500 < 9,500 0
Assistantship Support: Effect of Feeding Supplemental Rumen-
Protected Niacin (Niashure TM) on Milk Yield, Milk
Composition and Ketosis Incidence in Early Lactation
Holstein Cows - Hopkins
Graduate Research Assistant 08-02 15,993 15,993 15,750
TOTAL $ 45,550 $ 45,550 $ 35,600
< Approved Carryover request from 07-08
^ Amount subject to change based upon funds awarded form Golden Leaf Foundation on project 08-08 Dairy Advantage
12/12/2011 3:02 AM Dairy 2
NORTH CAROLINA DAIRY FOUNDATION
Request for Support
2009-10 Fiscal Year
ATTACHMENT A
Page 2 of 2
Approved Latest Requested
Budget Estimate Budget
PROGRAM SUPPORT 2008-09 2008-09 2009-10
Food Science
Areas of Work:
Flavor and functional properties of foods containing dairy
or soy proteins
Graduate Research Assistant 05-04 $ 1,331 $ 1,331 $ 0
TOTAL $ 1,331 $ 1,331 $ 0
Vet Medicine
Areas of Work:
Role of horn flies (Haematobia irritants) in transmission
of Staphylococcus aureus mastitis - Anderson
Non-Salary Operating Support 08-09 9,822 > 4,896 > 4,926
TOTAL $ 9,822 $ 4,896 $ 4,926
TOTAL RESEARCH & EXTENSION PROJECT SUPPORT $ 78,231 $ 73,305 $ 140,926
> Requested carryover of balance to finish project in summer months.
12/12/2011 3:02 AM Dairy 3
NORTH CAROLINA DAIRY FOUNDATION
Request for Support
2009-10 Fiscal Year
ATTACHMENT B
Page 1of 1
Approved Latest Requested
FOUNDATION ADMINISTRATION Budget Estimate Budget
AND DEVELOPMENT SUPPORT 2008-09 2008-09 2009-10
Office Supplies, Printing,
Telephone & Postage $ 2,000 $ 2,000 $ 2,000
Auto Insurance/Repairs 500 500 500
Legal Services 100 100 100
Meeting Expenses 3,000 3,000 2,500
Donor Recognition Program 500 500 500
Travel Expenses 500 500 500
Auto Replacement 1,500 1,500 1,500
Total Foundation Administration $ 8,100 $ 8,100 $ 7,600
NOTE: All audit and salary costs to be paid by NC Agricultural Foundation, Inc.
12/12/2011 3:02 AM Dairy 4
