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ORANGE COUNTY ABC BOARD
<br /> Annual Budget for Flucal Year 2022
<br /> Bolos:
<br /> LlquorSales 21,952,995
<br /> Wine/Mixer 45,200
<br /> LSD 21966,520
<br /> Gross Sales 24,965,715
<br /> Lose:Taxes on Gross Sales:
<br /> Taxes 5,929,350
<br /> Net Sales:
<br /> 19,096,355
<br /> Loss:Cost of bales
<br /> Cost of goode sold(Ino,Inventory adjustments) 13,169,415
<br /> Grass Profit$ 5,866,940
<br /> Gross Profit 91 23.50%
<br /> Payroll and Related Expenses
<br /> Salaries and Wages 2,104,120
<br /> Payroll Taxes 155,705
<br /> Retirement 171,570
<br /> Group Health Insurance 365,865
<br /> Retiree's Group Insurance 125,000
<br /> Health Relmb./Flex 5,600
<br /> Cash Short(over) 750
<br /> 401k 45,075
<br /> Processing fees 7,945
<br /> Total payroll related expenses 2,981,630
<br /> Operating Expenses
<br /> Board Member/Meeting Expenses/Travel 7,180
<br /> Rent 201,425
<br /> Repairs&Maintenance-Bldgs 38,585
<br /> Repairs&Malntenance-Equlp. 18,915
<br /> Utilities,Telephone,Internet 101,450
<br /> Business Insurance 73,605
<br /> Store Supplies,Bogs&Expenses 141,11E
<br /> Employee Travel 1,5o0
<br /> Office Supplies&Expenses 16,205
<br /> Exterior Malnb Services 36,120
<br /> Service Agreements(Data/HVAC) 89,000
<br /> Postage 3,125
<br /> Professional Fees(audit and legal) 25,410
<br /> Dues&Subscriptions 3,705
<br /> Credit Card Processing/bank fees 410,000
<br /> Training and Education/Meeting 10,000
<br /> Burglar Alarm and Security 7,325
<br /> Vehicle Expense 13,480
<br /> Un(forms 3,000
<br /> Debt Service(interest Exp) 124,540
<br /> Contingencies/Misc. 500
<br /> Total Operating Expenses 1,326,185
<br /> Operating Income %559,123
<br /> Other Income
<br /> Interest Income 1,300
<br /> Otherincome 560
<br /> Total Other Income 1,860
<br /> Not Income Before Distributions 1156019BS
<br /> Statutory Distributions
<br /> Law Enforcement 166,000
<br /> Alcohol Rehab&Ed 237,0W
<br /> 403,000
<br /> Other Distributions
<br /> Orange County General Fund 530,000
<br /> Total0lstrouCons 933,000
<br /> Net Income After Dist rib's 627,985
<br /> capital Outlay
<br /> Replacement store construction:Mebane 2,350,000
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<br /> Debt Service(principal)
<br /> BB&T(Chapel HIII North) 63,682 )
<br /> RSB(Oakdale) _ 105,183
<br /> 18g'065
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<br /> Total capital expenses 2,538,865 i
<br /> Working Capital Reduction(Approprlated Fund Balance) (2,350,000)
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<br /> Working Capital Retained
<br /> (Appropriated Fund Balance-Unrestricted) 439,120
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