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

2. 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

3. 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 2007-08 level

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

5. Revenue Boxes (millions)

6. Estimated Tax Revenue (000’s)

7. Comparison of Available Funds (000’s)

8. Comparison of Expenditures (000’s)

9. Comparison of Available Funds - PO (000’s)

10. Comparison of Expenditures – PO (000’s)

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

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

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

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

15. Fund Balance (000’s)

16. Revised Budget (000’s)

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

18.  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