Orange County NC Website
Browse       Search
i <br /> ORANGE COUNTY ABC BOARD <br /> BE IT ORDAINED by the Orange County ABC Board that the following amendment be made to the annual budget <br /> II' <br /> g tY g R <br /> ordinance for the fiscal year ending June 30,2023. III <br /> i <br /> Section 1 To Increase revenues and sales-related expenses based on higher than projected sales volumes <br /> increase decrease <br /> Liquor Sales $451,100 <br /> Wine Mixer Sales $1,500 <br /> LBD Sales $805,000 <br /> Taxes on sales $276,675 <br /> Cost of sales $653,955 <br /> Working capital retained(Change in net position) $326,970 <br /> Section 2 To Increase payroll-related expenditures related to increased pay Incentives and human resources <br /> increase decrease <br /> Salaries and wages $70,000 <br /> Payroll taxes $12,000 <br /> Retirement $21,000 <br /> Human resources $16,500 <br /> Working capital retained(Change in net position) $119,500 <br /> Section 3 To adjust operating expenses related to the implementation of GASB 87(lease capitalization)and <br /> increases in supplies,service agreements,credit card expenses,vehicles expenses and interest on debt service <br /> increase decrease <br /> Rent $265,000 <br /> Lease amortization $243,000 <br /> Interest on leases $45,150 , <br /> Store expenses $40,000 <br /> Office expenses $10,500 <br /> Service agreements $6,250 <br /> Credit card processing $45,500 <br /> Vehicle expenses $10,500 <br /> Cash over/short $250 <br /> Interest on debt service $30,000 <br /> Working capital retained(Change in net position) $106,150 <br /> Pagel oft <br />