Alaska Seafood Marketing Institute FY16 Overview & Admin BUDGET Becky Monagle Finance Director May 5th, 2015

FY15 Program Exp/Enc as of 4.30.15 Summary thru 4.30.15 Budget Category Budgeted Expended Encumbered Remaining Executive Admin & Cons $ 4,376,000 $ 2,444,191 $ 613,026 $ 1,318,783 Communications $ 1,200,000 $ 1,131,091 $ 188,445 $ (119,536) Technical $ 1,273,000 $ 635,671 $ 390,279 $ 247,050 Retail $ 2,564,000 $ 1,322,362 $ 652,283 $ 589,355 Foodservice $ 2,200,000 $ 1,384,222 $ 534,978 $ 280,800 International $ 8,634,407 $ 4,185,296 $ 3,912,540 $ 536,571 Food Aid $ 350,000 $ 268,827 $ 96,102 $ (14,929) Cons Advertising $ 2,569,000 $ 401,932 $ 1,126,587 $ 1,040,481 Consumer PR $ 1,000,000 $ 371,481 $ 384,000 $ 244,519   TOTALS $ 24,166,407 $ 12,145,073 $ 7,898,239 $ 4,123,094 *Intl amt includes $350,000 (NEU) and $380,000 (Japan) for sockeye *Retail amt includes $214k for FY14 pink salmon monies + $350k for frozen sockeye *Technical amt includes $373k for RFM Here is the summary of all of the programs for the approved budget, expenditures through 4.30.15 and encumbered amounts with a remaining balance. Encumbrances will be reviewed through the end of the fiscal year and released if determined that the full amount of the contract/encumbrance is not needed. Out of the Consumer Advertising budget, there is $800k already obligated for FY16.

Revenues FY15 vs FY16 FY16 Revenue Auth FY15 Revenue Auth Total Funding Source FY15 Revenues Total $26,710.1 Stat Desig Pgm Rec $14,826.5 Federal Receipts $ 4,500.0 GF Match General Fund $ 2,883.6 FY16 Revenues $24,792.5 $14,941.5 $ 4,500.0 $ 851.0 Comparison of the FY15 and possible FY16 Revenue Authorization. The operating budget still has not been finalized so the FY16 numbers could change with the upcoming special session.

Overall ASMI FY16 proposed budget BUDGET CATEGORY FY15 Budget FY16 Budget ( proposed) Executive Admin & Consolidated $2,856,000 13% Executive Office/Admin $3,085,000 14% CORE $220,000 1%   0% Promotional Fullfillment $400,000 2% Board & Committee Communication $1,200,000 5% 6% Technical $900,000 4% $1,965,000 9% Retail $2,000,000 Foodservice $2,200,000 10% International $7,905,000 35% $7,910,619 37% Global Food Aid $350,000 RFM $500,000 Advertising $2,569,000 11% $1,789,381 8% Consumer PR $1,000,000 Grand Total $22,500,000 100% $21,500,000 FY16 proposed appropriation 24,792,500 FY16 proposed spend 'intent' 21,500,000 RESERVE $3,292,500 For FY16, I have only shown the programs so any of the subcategories within the Admin budget, you will see on a future slide. Proposed budget is based on $21.5m spend plan.

FY16 ASMI Overall Budget Chart

Admin Program Budget Overview Executive Office/Admin FY15/FY16 Budget Comparison Budget Category FY15 Budget % Budget FY16 Budget Admin/Exec Office PS $ 656,000 15% $ 600,000 19% Admin/Exec Office Travel $ 150,000 3% 5% Fulfillment House $ 400,000 9% $ 350,000 11% Board & Committees $ 300,000 10% SMIS $ 184,500 4% $ 185,000 6% Consolidated Costs $ 1,315,500 30% $ 750,000 24% Core Costs $ 220,000 7% Boston GO WILD Website/IT support 8% RFM $ 500,000 $ - 0% Trademark Costs $ 50,000 1% $ 30,000   Grand Total $ 4,376,000 100% $ 3,085,000 RFM’s budget is now under the Technical budget RFM and IMC committees are shown in Technical and International budgets as well Reviewed FY14 expenditures for a full year to help gauge where budgets could be reduced.

Admin Program Budget Highlights Core fiscal team hired Jhi-Jhi Ferrer – international acctg support Matthew Arnoldt – primary travel coordinator Jeanne Mungle – lead procurement Streamlining fiscal processes for continued efficiency Not only efficiency but accurate accounting as well.

Admin Program Challenges New state accounting system starting July 1, 2015. Integrated Resource Information System (IRIS) Continued efforts to educate the State of Alaska rules & requirements; (everyone….staff, committee & board members, contractors) ensure that files are fully supported with proper documentation; review/revise P&Ps.

Admin Program Opportunities Continued cross-training of fiscal staff to support the administrative function for ASMI. IT Assessment - World Wide Technology completed an IT Assessment to help identify areas where IT costs could be reduced, potentially with better services.

Wrap up… Questions?