Orange County NC Website
ORANGE COUNTY ABC BOARD <br /> Annual Budget for Fiscal Year 2025 <br /> Sales: <br /> Liquor Sales 26,825,190 <br /> Wine/Mixer 34,000 <br /> LBD 4,976,330 <br /> Gross Sales 31,835,520 <br /> Less:Taxes on Gross Sales: <br /> Taxe 7,401,760 <br /> Net Sale <br /> 24,433,760 <br /> Less:CoDR <br /> Cost of goods sold(Inc.Inventory adjustments) 16,458,965 <br /> Gross Profit$ 7,974,795 <br /> Payroll and Related Expenses <br /> Salaries and Wages 2,921,330 <br /> Payroll Taxes 223,480 <br /> Retirement(13.64%in 2025) 343,255 <br /> Group Health Insurance 568,695 <br /> Retiree's Group Insurance(actuarial) 172,000 <br /> Human Resources 25,000 <br /> 401k 70,110 <br /> Processing fees 9,975 <br /> Total payroll related expenses 4,333,845 <br /> Operating Expenses <br /> Board Member/Meeting Expenses/Travel 8,000 <br /> Rent 65,000 <br /> Lease amortization 245,000 <br /> Repairs&Mainterance-Bldgs 42,825 <br /> Repairs&Maintenance-Equip. 24,500 <br /> Utilities,Telephone,Internet 128,680 <br /> Business Insurance 103,780 <br /> Store Supplies,Bags&Expenses 195,000 <br /> Employee Travel 2,000 <br /> Office Supplies&Expenses 28,500 <br /> Exterior Maim.Services 32,000 <br /> Service Agreements(Data/HVAC/Grants) 115,000 <br /> Postage 4,200 <br /> Professional Fees(audit and legal) 30,000 <br /> Dues&Subscriptions 4,000 <br /> Credit Card Processing/bank fees 579,750 <br /> Training and Education(Human Resources) 15,000 <br /> Burglar Alarm and Security 7,500 <br /> Vehicle Expense 20,000 <br /> Uniforms 2,800 <br /> Debt Service(Interest Exp) 59,175 <br /> Interest(leases) 41,270 <br /> Cash over/short Soo <br /> Contingencies/Mist. 500 <br /> 1,754,980 <br /> Operating Income 1,885,970 <br /> Other Income <br /> Interest Income 2,500 <br /> Other Income Soo <br /> 3,000 <br /> _ Net Income Before Distributions 1,888,970 <br /> Statutory Distributions <br /> Law Enforcement 190,000 <br /> Alcohol Rehab&Ed 285,000 <br /> 475,000 <br /> Other Distributions <br /> Orange County General Fund 840,000 <br />