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MIDYEAR BUDGET 2024
<br /> ORANGE COUNTY ABC BOARD XWENDIOENT AEWSED
<br /> Annuaf Budget for Fiscal Year 2024 Bodicet
<br /> Sales:
<br /> LlWor5ales 26,613,255 26,613,255
<br /> Wine/Mixer 40,059
<br /> 92,680
<br /> LB❑
<br /> 4,615,689 67,096 4.6 . 0
<br /> Gross Sales 31,268,985 E 67,000 31,335,985
<br /> Less:Taxes an Gross Sales:
<br /> Taxes 7,501,43C 7,501,43n
<br /> Net Sates:
<br /> 23,767,555 23,334,555
<br /> Less:Cost of Sales
<br /> Cml cr goods sold lire-inventory adjustments) 16,3381 16,338,D45
<br /> Gross Profits 7,429,510 7.496,510
<br /> Payroll and Related Expenses
<br /> Salaries and Wages 2,576,20u 2,576,2o0
<br /> Payr4 Taxes 197,080 197,080
<br /> Retirement 273,910 273,910
<br /> Group Health Insurance 485,000 ZC,D00 505,00D
<br /> Retiree's Group Insurance(actuarial) 17D,000 17,4551 162,145
<br /> Human Resources 25 000
<br /> 25,000
<br /> 401k fi8,50D 68,500
<br /> Pmcessme fees 9,600 gJS00
<br /> Total payroll related expenses_3,805,290 12,Las 3,817,435
<br /> Operating Expenses
<br /> Board Member/Meeting Expenses/Travel &,SQu 8,500
<br /> Rent 66,005 114,41)51 51,6130
<br /> Lease amortization 246,065 (1n,s6D) 235,525
<br /> Repairs&Maintenance-Bldgs 4z,000 42,00o
<br /> Repairs&Maintenance-Equip. 25,000 25,000
<br /> Utilities,Telephone,Internet 95,000 B,SSQ 103,550
<br /> Business Insurance R8,275 11,fi25 am,,,wm��aUrr 99,90n
<br /> Store supplies,Bags&Expenses 180,000 17.500 197,Suu
<br /> Employee Travel 3,500 3,500
<br /> Office Supplies&Expenses 25,000 27.000 xav,u/twu,renaroerfnryrce! 52,000
<br /> Exterior Malnt.Services 28,000 28,000
<br /> Service Agreements(Data/HVAC/Grants) 95,0o0 17,275 112,275
<br /> Postage 3 400 3,400
<br /> Professional Fees(audit and legall 35,000 35,000
<br /> Dues&Subscriptions 4,900 4,90)
<br /> Credit Card Processing/Isank fees 565,115 565,115
<br /> Training and Education(Human Resourcesl 1D,000 10,00u
<br /> Burglar Alarm and Security 7,200 7,200
<br /> Vehicle Expense 30,000 30,000
<br /> Uniforms 4,90u 4,000
<br /> Debt Service(Interest Expi 62,675 62,675
<br /> Interest[leases) 41,260 41 260
<br /> Cash overlshort Sao Sao
<br /> Comingencies/Mist 500 500
<br /> Total Operating Expenses 1,666,915 1 Sfi,9B5 1,723,900
<br /> operating Income 1,957,395 1,955,175
<br /> Other Income
<br /> Interest Income 2,590 2,5011
<br /> Other Income 1,000 1 000
<br /> TOW Other Income 3,500 3,500
<br /> Net Income Before Distributions 1,911 1,958,675
<br /> Statutory Distributions
<br /> Law Enforcement 21L,630 21L,530
<br /> Alcohol Rehab&Ed 251,000
<br /> 251,000
<br /> 472,630 472,630
<br /> Other Distributions
<br /> Orange County General Fund 8n5,000 805,000
<br /> Total Distributions 1,277,630 1,277,63u
<br /> Net Income Abler Distrib's 683,17S $110 681,045
<br /> Capital Outlay
<br /> Warehouse:
<br /> Delkvery truck(warehouse) 130,400 {130,400) 0
<br /> Racking,hrepanel,scanners,computer 23,500 3,750 27,250
<br /> Office:
<br /> Replacement windows 351uu0 4,800 39RDa
<br /> Grant software,monitor,DVR 16,000 (6,750) 9250
<br /> scores:
<br /> i
<br /> Security camera upgrades 1
<br /> 0,00n 10,060
<br /> 5helufng(Store 001) 4.400 4,4o6
<br /> Replace ceiling(Store 001) 6,00D 5,000
<br /> Sackroom cobinels(0ol) 14,415 14,415
<br /> Refrigerated cooler(Store 003) 3,280 3,280
<br /> 1POD/sconner(Siore Oda) 2,090 2,090
<br /> Addt-ombdecturai/engineering(Stare 004) 2,900 2,900
<br /> Addr.exterior lighting/Store 004) 2,795 2,795
<br /> Replace ceding(S(.re 005) 3,OW 3,000
<br /> Sign More 005) 2,885 2,885
<br /> New registers/point-of safe sofrwore/Boch office servers{seven storesj 205,515 205,515
<br /> Funding source 332,380
<br /> Appropriated fund balance 1373,400) 40,820 (332,5BO)
<br /> Debt service(principal)
<br /> First Horizon{Mebane) 159,500 1S6,900
<br /> 373,400 491,080
<br /> i58,509 158,500
<br /> Working Capital Retained
<br /> (Appropriated Fund Balance-Unrestricted) 663,175 -16U.630 5Z2.545
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