Beef Board Approves FY07 Budget
Posted by Diane – July 13th, 2006
During today’s Board meeting, members of the Cattlemen’s Beef Board approved a CBB budget for checkoff programs to be carried out in Fiscal 2007, which begins Oct. 1. CBB Secretary/Treasurer Dave Bateman, a producer from Illinois, presented the proposed budget to the Board for a vote.
The budget, which still must be approved by USDA, relfects a slight increase from the $52 million budget for Fiscal 2006. It includes projected revenue of $45.6 million for Fiscal 2007, plus money to be available from program budgets costing less than originally estimated.
The breakdown of the budget recommendation includes the following budget elements: promotion ($27.5 million); research ($7.4 million); consumer information ($6.6 million); industry information ($1.5 million); foreign marketing ($4.9 million); producer communications ($2.5 million); evaluation ($230,000); program development ($125,000); USDA oversight ($210,000); and administration ($2.1 million). The 2007 fiscal year begins Oct. 1, 2006.
Next in the budgeting process, the Beef Promotion Operating Committee will review specific project proposals for Fiscal 2007 checkoff funding when it meets in Denver in September.
