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MIDYEARBUDGEF YEAR END BUDGET 2074
<br /> ORANGE COUNTY ABC BOARD AMENOMENr AMENDMENT REWS@D
<br /> Annual Budget for Fiscal Year 2024 Bucket
<br /> Soho,
<br /> Liquor Sales 26,613,255 (319,315) 26,293,940
<br /> WlnefMNer 40,050 (81595) 31,465
<br /> LSD 4,615,6m0 67,000 398,320 5.010.800
<br /> Gross Sales 31,268,985 31,406,2D5
<br /> Less:Toms on Gross Salsa;
<br /> Taws 7,501.430 (199,480) 7,301,950
<br /> Not Salea:
<br /> 23,757,555 24,104,255
<br /> Less:Cowl of Saras
<br /> Cost of goods sold(1-Inventory adjustments) 16,338,045 30,065 16,368,110
<br /> Gross Profit$ 7,429,510 7,736,145
<br /> Payrog and Related Expanses
<br /> Salaries and Wages 2,576,20u Szeoo 2,626,2uu
<br /> Payroll Taxes 197,080 197,Dau
<br /> Retirement 273,910 27,300 301,110
<br /> Group Hea4h Insurance 485,000 20,Doa 22,000 527a00
<br /> Retiree's Group Insurance(actuarial) 170,OOD (7,a551 - 161,145
<br /> Human Resources 25,OOD 112,0001 A,=
<br /> 401k 58,500 68,SD0
<br /> Processing tees 9,600 9 600
<br /> Total payroll related expenses 3,805,290 3,906,135
<br /> Operating Expenses -
<br /> BoardMember/MeetingExpers /Travei 8,500 ;],u001 7,500
<br /> Rent GG,005 (14,405) 9,6D0 61,200
<br /> Lease amortization 246,085 410,560) 235,525
<br /> Repairs&Maintenance-Rldgs 42,1!100 8,im 50,800
<br /> Repairs&Maintanance,Equfp. 75,000 25,0W
<br /> Utilities,Telephone,Imemet 95,no0 8,550 8,500 112,050
<br /> Business Insurance 881275 11,625 (S,m) 94,9Do
<br /> Store Supplies,asp g expenses 11a0,0D0 17,SD0 (17,90G} 179,GD0
<br /> Employee Travel 3,500 (2,500) 2,000
<br /> Office,Suppilm&Fxpenses 25,000 27,000 (22,50u] 29,5D0
<br /> Exterior Maim Services 78p00 SAW 31,OW
<br /> ServFce Agreement 0304HW(Grants) 45,OD0 17,275 112,275
<br /> Postage 3,40D 3A00
<br /> Professional Fees{audit and legal) 35,000 15,0001 30,000
<br /> Dues&Subscriptions 4,90a 1,800 6,7013
<br /> Credit Gard ProcesOngfbank fees 565,215 113,930) 551,135
<br /> Training and Education(Human Resources) 10,ua] 1,900 11,900
<br /> Burglar Alarmand Security 7,2170 712C0
<br /> Vehicle Expense 30,00D 120,200) 19,HGa
<br /> Uniforms 4,000 (2,SDDI 1.500
<br /> Debt Service(Interest Exp) 62,675 b2,b75
<br /> Interest(losses) 41,260 41,z6a
<br /> Cash over/short SOD 500
<br /> Contingencies/Misc. 5DO Sou
<br /> Total Operating Expenses 1,666,925 1,677,920
<br /> Opening Income 1,957,305 2,151,490
<br /> Other Income
<br /> Interest Income 2,500 2,075 4,575
<br /> Other Income 1,OGD 1-COD
<br /> Total Other Income 3,500 5,575
<br /> Net Inwma Before Dletrlbutions 1,960,805 2,157,065
<br /> Statutory Distribullons
<br /> Law Enforcement 211,630 (35,ana1 176,630
<br /> Alcohol Rehab&Ed 261,000 26100C
<br /> 472,630 437,63C
<br /> Met Distributions
<br /> Orange County Genera}Fund 80510W 805,000
<br /> Total DlslribUbons 1.777,630 1,242,630
<br /> x Net Income After WstdO's 643,175 914,435
<br /> Capital Outlay
<br /> Worehovse:
<br /> Dellvery truck[warehouse) 130,400 (130,400) D
<br /> Racking,Drepanel,scanners,computer 23,500 3,750 27,250
<br /> Office'
<br /> Replacement windom 35,GD0 4,800 39,800
<br /> Grantsoftware,monitor,DVR g6,ODO (6,750) (5,95GI 3,370
<br /> Sinres:
<br /> ■
<br /> Security pmera upgrades 1n,00p {]0,000] 0
<br /> sheMng(secre0ol) 4,400 (4,400) G
<br /> Replace ceding(Store 001) 5,00D 5,OU0
<br /> Bockmam robrnets f0ol) 14,415 14,415
<br /> R higeroted cooler(Stare 0031 3,290 3,28D
<br /> )POD/scanner(store 003) 2,090 2,090
<br /> Addt.arch7tecturol/engineertng{Store oo4) 219G0 2,gDa
<br /> Adds evtenorfrgh ing(store 004) 2,795 2,795
<br /> RePloce_Ming f5rore 005) 3,000 3,000
<br /> Sign(store 0061 2,885 2,885
<br /> New regtsters/pain[fsdrsofiwore/hack office servers(seven stores) 105,515 205,515
<br /> Office softwre upgrade/Pas 29,025 29,025
<br /> Nook R movadon(007) 3,985 3,985
<br /> --
<br /> _. mafera 6,740 --- -6.740
<br /> Funding Source 367,00
<br /> Appropriated fund balance (373,400) 40,520 (332,580)
<br /> Debt Servlm(principal)
<br /> First Horizon IMebane) 15S,SOD [5,0001 153,500
<br /> 373,400 529,570
<br /> Working CepRal Retained
<br /> IAppmprlated Fund aalance-Uaressrlacdl 683,175 726,445
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