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COUNTY OF O11ANGE .ALCOHOLIC BEVERAGE CONTROL BOARD 601 VALLEY FORGE RD HILLSBOROUGH,NORTH CAROLINA 27278 919-732-302 FAX; 919-732-S829 c>czti_hc(i��l i nil s�1_i n�;u>i�i PAT BURNS,Chair Hoard Members JANE COUSINS,Vice Chair LIZ CAR"rBR TONY DUBOIS,General Manager ALICE MAIIOOD MIKR ZITO ®range County ABC Hoard Budget for FY 2021-22 June 16, 2021 Budget Message The Annual Budget for the fiscal year July 1, 2021 through June 30, 2022 (FY 22) has been prepared in accordance with North Carolina General Statutes and in compliance with the standards of financial operations of local boards.The ABC board determines through adoption of an annual balanced budget the best way to use our resources to maintain a high level of customer service in customer friendly, modern, and efficient stores. This document outlines the ways that we will appropriately spend revenue to accomplish those goals.The primary drivers in the presentation of this budget are the cooperating needs to provide an environment where customers feel comfortable shopping while creating maximum return and to fulfill our statutory obligations. The items that follow reflect the board's goals and commitment to running an outstanding operation focused on the customer. Key Assumptions • This budget is predicated on projected gross revenue of$24,965,715 and operating costs including payroll are projected at$4,307,815 along with total distributions of$933,000. • Sales growth is projected at a slight decrease due to the sales bubble. • Distributions to Law Enforcement agencies for this budget are$166,000 for alcohol law enforcement in Orange County and the towns of Carrboro, Chapel Hill and Hillsborough and remain well over the statutory requirements. • Alcohol Education funds are statutorily set at 7%or$60,000 (est.) and budgeted at $237,000, staying well above statutory requirements, • Distributions to the Orange County General Fund will be$530,000. i I I