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ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> Meeting Date: June 18, 2024 Agenda Item# 5a <br /> Regular Session X <br /> Closed Session <br /> 3. Actual to Budget Comparison FY 2024 (Attachment"C"): <br /> At the close of May, one month remains in the fiscal year, leaving approximately <br /> 8.33%remaining in allocated fimds for revenues and expenses. After projecting June <br /> _ financial activity,a year-end liudgetamendment has_been-dra$ed-for_the-BoaWs _-- <br /> approval,redistributing funds between accounts and amending allocations as needed. <br /> In general,revenues from sales are nearly the same as the previous year's, <br /> although we are reallocating sales between LBD/commercial and retail store sales. <br /> Board-paid taxes are trending less than projected(-2.030/o), although cost of goods are up <br /> slightly(0.45%). <br /> Payroll expenses are approximately 1.57%above those anticipated. Operating <br /> expenses are down-1.95%. <br /> The year-end budget amendment is agenda item#7 of this meeting. <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 />