Orange County NC Website
Orange County Board of Alcoholic Beverage Control <br /> Comparative Statement of Revenues,Expenses and Changes In Net Position <br /> For the month of SEPTEMBER,2024 and 2023 Attachment"B" <br /> SEPTEMBER SEPTEMBER $ % <br /> Sales 2024 2023 Variance Variance <br /> Retall-Liquor Sales 1,909,779 2,126,709 (216,930) -10.20% <br /> Wine/Mixers Sales 52 3,326 (3,274) -98.44% <br /> CommerclaVLBD/Mlxed Beverage-Liquor Sales 387,404 470,653 83,249 -17.69% <br /> Total Sales 2,297,235 2,600,688 (303,453) -11.67% <br /> Taxes Based on Gross Sales 636,388 607,254 (70,866) -11.67% <br /> Net Sales 1,760,847 1.993,434 232,687 -11.67% <br /> Cost of Sales(Inc.breakageladists.) 1,163,179 1,303,512. 140,333 -10.77% <br /> Gross Profit 597.668 689,922 92,254 -13,37% <br /> Payroll&Related Expenses <br /> Salaries&Wages 202,868 277,946 (76,078) -27.01% <br /> Payroll Taxes 15,154 21,020 (5,866) -27.91% <br /> Emp Retirement 24,774 31,828 (7,054) -22.16% <br /> Health Insurancege,216 33,230 12,986 39.08% <br /> Retiree Health Ins 14,719 13,513 1,206 8.92% <br /> Human Resources 229 847 (618) -72.96% <br /> NO 401k 7,917 7,468 449 6.01% <br /> Processing fees 723 842 119 -14.13% <br /> Total Payroll&Related 312,600 386,694 74,094 -19.16% <br /> Operating Expenses <br /> Board Members/MeetinglTraveffralning 425 1,011 (586) -57.96% <br /> Rent 4,300 4,300 - 0.00% <br /> Lease Amortization 19,627 19,627 0 0.00% <br /> Repairs&Malnt. (Bldgs) 951 3,789 (2,837) -74.89% <br /> Repairs&Maint.(Equip.) 475 3,158. (2,683) -84,96% <br /> Utilities,Telephone and Internet 10,143 13,031 (2,888) -22.16% <br /> Insurance-Business 8,472 7,044 1,428 20.27% <br /> Store Expenses,Supplies and Bags 15,814 18,635 (2,721) -14.68% <br /> Travel/Mlleage Reimbursement - 735 (735) -100.00% <br /> Office/Warehouse Supplies&Expenses 2,264 2,635 (381) -14.46% <br /> Ext,Maintenance Services 2,141 2,122: 19 0.90% <br /> Contract/Servlce Agreements 9,755 9,108 647 7.10% <br /> Postage 400 455. (55) -12.09% <br /> Professional Services 1,835 2,000 (165) -8.25% <br /> Dues/Licenses/Fees 414 216 198 91.67% <br /> Credit Card ProcessinglBank fees 41,666 44,990 (3,334) -7.41% <br /> Training/Educatlon/Meeting 1,312 4,104 (2,792) -68.03% <br /> Burglar Alarm&Security 615 576 40 6.96% <br /> Vehicle Expense 3,671 ' 363 3,308 911.29% <br /> Uniforms - 0.00% <br /> Interest(Debt Service) 5,282 5,109 173 3.39% <br /> Interest(Leases) 3,038 3,490 (452) -12.95% <br /> Cash overlshort 208 270 (62) -22.96% <br /> Contingencies/Mist. 16 19 3 -15.79% <br /> Total Operating Expenses 132,8041 146,685: 13,881 -9.46% <br /> Total PayrolllOperating Expenses 445,404 533,379 87,975 -16.49% <br /> Income from Operations 152,264 156,543. (4,279) -2.73% <br /> Other Income <br /> Investment income 413 (413) -100.00% <br /> Miscellaneous 25 25 0.00% <br /> Total Other Income 438 438 -100.00% <br /> Net Income Before Distributions 162,264 166,981 (4,717) -3.00% <br /> Statutory Distributions: <br /> Law Enforcement(5%) 15,333 14,719 614 4.17% <br /> Alcohol Rehabilitation&Education(7%) 24,250 21,750 2,500 11.49% <br /> Total Statutory Distributions 39,583 36,469 3,114 8.54% <br /> Net Income Before Profit Distribution 112,681 120,612 7,831 -6.50% <br /> Profit Distribution: <br /> Orange County-General Fund 70,000 66667 3,333 5.00% <br /> Net Income(Loss)before depreciation 42,681 53,845 (11,164) -20.73% <br /> deptacletlon(non-budget item) 40,902 36,860 6,042 14.06% <br /> 1,779 17,985 (16,206) -90.11% <br /> (profit percentage) 0.05% 0.69% <br /> year to Date Sales Comparison (current) (current) <br /> Sales FV 2025 FY2024 Chan e <br /> Retail Liquor 5,980,605 6,181,254 (200,749) -3.25% <br /> Wine Sales 331 9,009' (8,678) -96.33% <br /> LBD Sales 1,067,103 1,211,211 144,108 -11.90% <br /> Total Sales 7,047,939 7,401,474 363,536 -4.78% <br /> Net Income(YTD) 59,387 225,140 284,537 -126.38% <br /> 4 <br />