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ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> Meeting Date: March 19,2024 Agenda Item#4a <br /> Regular Session X <br /> Closed Session <br /> 3. Actual to Budget Comparison for Year-to-Date 2023 (Attachment"C"): <br /> With two-thirds of the fiscal year completed, approximately one-third of allocated <br /> funds should remain in the annual budget. <br /> In the case of revenues (income), amounts less than the benchmark indicate a <br /> surplus of funds beyond those budgeted. At 32.39%, overall sales for the year are running <br /> approximately 0.44%above those anticipated. <br /> For expenses(payroll and operating), amounts less than the benchmark percentage <br /> indicate expenses greater than those expected.With 34.49%of budget remaining,payroll- <br /> related expenses are trending 1.16%less than those projected. Likewise,total operating <br /> expenses(35.21%)are presently 1.88%less than anticipated. <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 />