|
|
 |
 |
|
2005 Annual
Report |
BACK ---
NEXT |
|
Beef Cattle Financial
Protection Fund |
|
|
INCOME
March 31
|
Deduction Income
|
Investment Income
|
Total Income
|
|
1982-90
|
$ 4,193,421
|
$ 1,840,250
|
$ 6,033,670
|
|
1990-91
|
122,045
|
550,719
|
672,764
|
|
1991-92
|
122,690
|
516,580
|
639,270
|
|
1992-93
|
129,619
|
359,584
|
489,203
|
|
1993-94
|
118,522
|
320,641
|
439,164
|
|
1994-95
|
117,214
|
272,497
|
389,711
|
|
1995-96
|
116,336
|
395,416
|
511,751
|
|
1996-97
|
122,363
|
280,360
|
402,723
|
|
1997-98
|
129,849
|
285,801
|
415,650
|
|
1998-99
|
119,662
|
330,511
|
450,173
|
|
1999-2000
|
117,271
|
291,267
|
408,537
|
|
2000-2001
|
117,586
|
461,611
|
579,197
|
|
2001-2002 |
104,694 |
210,047 |
314,741 |
|
2002-2003 |
116,558 |
196,465 |
313,023 |
|
2003-2004 |
100,233 |
186,020 |
286,253 |
|
|
|
|
EXPENSE
March 31
|
Claims Paid
Less Recoveries
|
Fund Expenses
|
Total Expenses
|
|
1982-90
|
$ 1,144,988
|
$ 230,190
|
$ 1,375,178
|
|
1990-91
|
1,062,592
|
26,468
|
1,089,060
|
|
1991-92
|
(4,128)
|
28,141
|
24,013
|
|
1992-93
|
297,706
|
26,318
|
324,024
|
|
1993-94
|
0
|
16,531
|
16,531
|
|
1994-95
|
631,307
|
25,276
|
656,583
|
|
1995-96
|
(140,770)
|
39,655
|
(101,115)
|
|
1996-97
|
84,964
|
55,604
|
140,568
|
|
1997-98
|
1,040
|
12,874
|
13,915
|
|
1998-99
|
135,420
|
51,087
|
186,507
|
|
1999-2000
|
7,534
|
74,151
|
81,685
|
|
2000-2001
|
2,086,337
|
79,302
|
2,165,639
|
|
2001-2002 |
678,357 |
192,367 |
870,724 |
|
2002-2003 |
(39,760) |
63,465 |
23,705 |
|
2003-2004 |
131,342 |
66,473 |
66,473 |
|
|
|
|
FUND BALANCE
AT MARCH 31st
|
|
Note:
|
|
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
Dec/04
|
$496,350
1,559,367
2,111,466
2,803,336
3,470,057
3,629,155
4,353,020
4,683,492
4,267,196
4,882,453
5,047,632
5,470,264
5,203,392
5,816,257
6,078,412
6,480,147
6,743,918
7,070,770
5,484,329
4,928,346
5,218,720
5,306,236
5,234,603
|
|
Total income in 1982-83 includes a $25,000 start-up
grant from OMAF. Deductions to the Fund were lowered
from $0.20/head to $0.10/head in 1984. Deductions were
lowered from $0.10/head to $0.05/head in April 1989 for
sellers and agents and eliminated for buyers.
Fund expenses include the Board and the Financial
Responsibility Review Committee (FRRC) which was
initiated in 1985-86. FRRC activities were reduced in
1988. |
|
|
|
