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

2. FY15 Program Exp/Enc as of 4.30.15
Summary thru
Budget Category
Budgeted
Expended
Encumbered
Remaining
Executive Admin & Cons
$ ,376,000
$ ,444,191
$ ,026
$ ,318,783
Communications
$ ,200,000
$ ,131,091
$ ,445
$ (119,536)
Technical
$ ,273,000
$ ,671
$ ,279
$ ,050
Retail
$ ,564,000
$ ,322,362
$ ,283
$ ,355
Foodservice
$ ,200,000
$ ,384,222
$ ,978
$ ,800
International
$ ,634,407
$ ,185,296
$ ,912,540
$ ,571
Food Aid
$ ,000
$ ,827
$ ,102
$ (14,929)
Cons Advertising
$ ,569,000
$ ,932
$ ,126,587
$ ,040,481
Consumer PR
$ ,000,000
$ ,481
$ ,000
$ ,519
TOTALS
$ ,166,407
$ ,145,073
$ ,898,239
$ ,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 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.

3. 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 $
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.

4. 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.

5. FY16 ASMI Overall Budget Chart

6. Admin Program Budget Overview
Executive Office/Admin FY15/FY16 Budget Comparison
Budget Category
FY15 Budget
% Budget
FY16 Budget
Admin/Exec Office PS
$ ,000
15%
$ ,000
19%
Admin/Exec Office Travel
$ ,000 3% 5%
Fulfillment House
$ ,000 9%
$ ,000
11%
Board & Committees
$ ,000
10%
SMIS
$ ,500 4%
$ ,000 6%
Consolidated Costs
$ 1,315,500
30%
$ ,000
24%
Core Costs
$ ,000 7%
Boston GO WILD
Website/IT support 8%
RFM
$ ,000 $ 0%
Trademark Costs
$ ,000 1%
$ ,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.

7. 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.

8. Admin Program Challenges
New state accounting system starting July 1, 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.

9. 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.

10. Wrap up…
Questions?