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ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> Meeting Date:May 21, 2024 Agenda Item# 4a <br /> Regular Session X <br /> Closed Session <br /> 3. Actual to Budget Comparison FY 2024 (Attachment"C"): <br /> With sales revenue comparable to the previous year's, budgeted sales were slightly <br /> above those projected,up 0.64%. Sales-related expenses were trending above budget, with <br /> a surplus of 1.80% in taxes paid by the Board and an additional 0.32%in cost of sales. <br /> With elevated wages and salaries, total payroll expenses were trending 0.88% <br /> above those projected, With a balance of 17.49% remaining in allocated funds, total <br /> operating expected remained slightly below those budgeted(-0.82%). <br /> Purchases of additional store coolers ($8,263)will need to be added to the year- <br /> end budget amendment, although balances remain in unused funds for security camera <br /> upgrades ($10,000) and shelving for several stores, $4,400. (Shelving is expected to be <br /> installed in May, however). <br /> Action Requested: <br /> 1. Consent Agenda Item. <br /> 2. Review and discuss as needed. <br /> Financial Impact: See Above <br /> Staff Recommendations/Comments: None <br /> Page 2 of 5 pages <br />