Orange County NC Website
Browse       Search
ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> Meeting Date: ,tune 18, 2024 Agenda Item #O <br /> Regular Session X <br /> Closed Session <br /> Payroll: <br /> Responding to inflation and the elevated costs of living in Orange County, payroll expenses <br /> have continued to rise in recent years. For FY 2025, the Board's "matching" portion of the state <br /> -- retirement system increases to 13.64%.—Accor-dingly,total payroll expenses have been increased by <br /> 11.95%. <br /> O perational Ex enses: <br /> For the FY 2025 budget, operational expenses have been increased by 4.59%, indicating the <br /> staff s intentions to control expenditures. <br /> Distributions <br /> Grant distributions to be approved by the Board in June have been adjusted per the Board's <br /> recommendations. Grants for lave enforcement ($184,00) have increased 4.17% while education <br /> grants ($291,000)have increased 11.49%. <br /> The budgeted allocation for the Orange County General Fund was determined by a letter <br /> received from Kirk Vaughn,Budget Director for Orange County.The requested amount for FY 2025 <br /> ($840,000) is a 4.35% increase over the present year. <br /> Action Requested: <br /> 1. Review and discuss as needed. <br /> 2. Vote approval of budget. <br /> Financial Impact: See Above <br /> Staff Recommendations/Comments: None <br /> Page 2 of 8 pages <br />