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ORANGE COUNTY ABC BOARD —AGENDA FORM <br /> Meeting Date: April 23, 2024 Agenda Item# 4a <br /> Regular Session X <br /> Closed Session <br /> 3. Actual to Budget Comparison FY 2024 (Attachment "C"): <br /> With three-quarters of the fiscal year passed, approximately 25% of allocated <br /> funds should remain in the FY 2024 budget. <br /> Anticipated sales revenues are trending slightly above those projected (+0.90). <br /> Taxes on sales are -1.36%under budget while costs of goods/sales are slightly above <br /> expected(+0.34). <br /> Payroll expenses have performed as expected,just 0.47% above anticipated. <br /> Although specific line items budgets may need to be reallocated between accounts <br /> by year's end, total operating expenses are presently -1.03%below those expected. <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 />