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a <br />COUNTY OF ORANGE <br />ALCOHOLIC BEVERAGE CONTROI <br />122 HIGHWAY 70 EAST <br />HILLSBOROUGH, NORTH CAROLINA 272 <br />919-732-3432 <br />FAX: 919-732-5829 <br />ocabc@mindspring. com <br />www.orangecountyabc.cnm <br />THOMAS HEFFNER, Chair <br />JUDYTHE DINGFELDER, Vice Chair <br />DANIEL W. SYKES, General Manager <br />November 12, 2007 <br />Mr. Moses Carey, Chair <br />Board of Orange County Commissioners <br />200 South Cameron Street <br />Post Office Box 8181 <br />Hillsborough, NC 27278 <br />RE: Trial Plan for Distributing Net Profit <br />Dear Commissioner Carey: <br /> ,.' <br />..~....-... .............~..-...................-.... .... --~ ~ F <br />, <br /> ' <br />~ 3 <br />~~ ~64 <br />~, <br />NOV 1 4 2007 ~ ~ <br /> }~~s <br /> <br />oar em ers <br />LEO ALLISON <br />JILL RIDK'Y-BLACKBURN <br />The Orange County ABC Board has developed a trial plan for distributing its net profits to <br />various beneficiaries while retaining a reasonable amount for expansion and working capital. <br />The plan also considers the scenarios of under and over estimating distributable income. <br />A spreadsheet and a narrative are attached for illustrative purposes and to explain the <br />calculations. After you have had the opportunity to review the plan, please let me know if <br />additional information is needed or if a meeting would be helpful. <br />If I can be of assistance, please feel free to call me at my office (929-0518). <br />Sincerely, <br />~~ <br />Thomas He <br />Chair <br />Attachments: "A" Spreadsheet -Plan for Distribution of "Net Income Before Distributions", <br />dated 10/10/2007. <br />"B" Narrative for the Orange County ABC Board's Trial Distribution Pian, dated <br />10/10/2007. <br />CC: Members of the Board of Orange County Commissioners, Members of the ABC Board, <br />Laura Blackmon - CoLlnty Manager, Ken Chavious -County Director of Finance, Dan Sylces - <br />ABC General Manager, Colleena Clark -ABC Secretary to the Board and Accounting & <br />Administrative Manager <br />Page 1 of 1 page(s) <br />