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COUNTY OF ORANGE ALCOHOLIC BEVERAGE CONTROL BOARD 601 VALLEY FORGE RD 14IL.LSBOROUGE,NORTH CAROLI A 27278 919-732-3432 FAX: 919-732-5829 crca hc0)orart o eabc,cone PAT BURNS.Chair Members M11CSoardE Mem JUDSON WILLIAMSON,Vice Chair Mem TONY DUBOIS,General Manager MIZITO CARTER MELVIN GREEN Orange County ABC Board Budget for FY 2024-25 June 18, 2024 Budget Message The Annual Budget for the fiscal year July 1, 2024 through June 30, 2025 (FY 25) has been prepared in accordance to North Carolina General Statutes and in compliance with the standards of financial operations of local boards. The ABC board determines through adoption of an annual balanced budget the best way to use our resources to maintain a high level of customer service in customer friendly, modern, and efficient stores. This document outlines the ways that we will appropriately spend revenue to accomplish those goals. The primary drivers in the presentation of this budget are the cooperating needs to provide an environment where customers feel comfortable shopping while creating maximum return and to fulfill our statutory obligations. The items that follow reflect the board's goals and commitment to running an outstanding operation focused on the customer. Key Assumptions • This budget is based on projected gross revenue of$31,833,005 and operating costs of $1,749,360 and payroll is projected at $4,370,215 along with total distributions of $1,315,000. 0 Sales growth is projected at a slight increase due to the current sales trends. Distributions to Law Enforcement agencies are set at a minimum 5% and are budgeted at $184,000 for alcohol law enforcement in Orange County and the towns of Carrboro, Chapel Hill and Hillsborough and remain well over the statutory requirements. • Alcohol Education funds are statutorily set at 7%and budgeted at$291,000 staying well above statutory requirements. 0 Distributions to the Orange County General Fund will be $840,000.