Revised Operating Budget Presented to the Florida Citrus Commission October 22, 2008

Revised Operating Budget Today’s Agenda  General premises  Standard procedures  Box/revenue changes  Expenditure adjustments  Seek tax rate, program and budget approval  PO  PG, FG  FO, FS  Fund balance projections

Revised Operating Budget General Premises  Fund citrus disease research at $20 million  FCC will address excess funds as they become available  Did not include  Federal funds for disease research  Additional opt out funds  Recommend tax rates at level

Revised Operating Budget Standard Procedures  Review Available Funds  tax revenue  other income  federal grants  Review Proposed Expenditures  required adjustments  general revenue service charge  Reserves

Revenue Boxes (millions)

Estimated Tax Revenue (000’s)

Comparison of Available Funds (000’s)

Comparison of Expenditures (000’s)

Comparison of Available Funds - PO (000’s)

Comparison of Expenditures – PO (000’s)

Comparison of Available Funds – PG/FG (000’s)

Comparison of Expenditures – PG/FG (000’s)

Comparison of Available Funds – FO/FS (000’s)

Comparison of Expenditures – FO/FS (000’s)

Fund Balance (000’s)

Revised Budget (000’s)

Financial Executive Summary Presented to the Florida Citrus Commission October 22, 2008

 Cash on Hand is $20.7 million  Tax revenue increase $1.0 million  Total expenditures are $2,000,000 less than last year  General operational expenditures are $388,000 less than last year Financial Executive Summary September 30, 2008