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ANNUAL BUDGET ORDINANCE
<br /> Orange County ABC Board
<br /> Orange County,North Carolina
<br /> Fiscal Year 2024-2025
<br /> BE IT ORDAINED by the ABC Board of Orange County,North Carolina,that the following ordinance
<br /> establishing revenues and setting expense appropriations is hereby adopted and effective July 1,2024
<br /> through June 30,2025.
<br /> Section 1.Estimated Revenues
<br /> It is estimated that the revenues listed below will be available during the fiscal year beginning July 1,2024
<br /> and ending June 30,2025 to meet the operational and functional appropriations as set forth In Section 2
<br /> in accordance with the chart of acounts prescribed by the state ABC Commission.
<br /> Estimated Revenues
<br /> Sales: $31,835,520
<br /> Other Income: $3,000
<br /> Total: $31,838,520
<br /> Section 2.Appropriations
<br /> The following expenses are hereby appropriated for fiscal year 2024-2025 and are funded by the revenues
<br /> made available through Section 1,
<br /> Appropriations
<br /> TaxeRase n revenue: F40,,T
<br /> Cost of Sales: $16,369,325
<br /> Operating Expenses Stores Admin/Office Warehouse Total
<br /> Salaries and Benefits 2,497,740 233,705 189,885 2,921,330
<br /> Board Member Expense 8,000 8,000
<br /> Rent 65,000 65,000
<br /> Lease Amortization 245,000 245,000
<br /> Lease Interest Expense 41,270 41,270
<br /> Repairs and Maintenance 63,325 4,000 67,325
<br /> UtilitiesTelephone/Internet 101,980 8,500 18,200 128,680
<br /> Insurance-General and Bonds 71,280 10,000 22,500 103,780
<br /> Store Supplies and Expenses 172,320 20,680 2,000 195,000
<br /> Office Supplies and Expenses 28,500 28,500
<br /> Service/Maintenance Contracts 14,050 12,250 5,700 32,000
<br /> Professional Fees(audit and legal) 25,000 3,000 2,000 30,000
<br /> Credit Card Processing/bank fees 578,200 600 950 579,750
<br /> Vehicle expenses 4,000 16,000 20,000
<br /> Debt service(Interest) 59,175 59,175
<br /> Cash over/short 500 Soo
<br /> Contingencies 250 250 500
<br /> Total 3,875,915 392,650 257,235 4,525,810
<br /> Debt Service
<br /> Debt Service(principal) 156,855
<br /> Capital Outlay
<br /> Capital Expenses 155,400
<br /> Approplated fund balance(prev.retained) (312,255)
<br /> Total estimated capital expenditures/receipts 0
<br /> Total extimated expenses,net capital outlay 4,525,810
<br /> Distributions
<br /> - Law Enforcement 190,000
<br /> Alcohol Education and Rehab. 285,000
<br /> 475,000
<br /> Other County/Municipal 840,000
<br /> Total Distributions 1,315,000
<br /> Workine Capital Retained 2.226.625
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