Orange County NC Website
ORANGE COUNTY ABC BOARD <br /> Annual Budget for Fiscal Year 2024 <br /> Sales: <br /> Liquor Sales 26,459,625 <br /> Wine/Mixer 40,050 <br /> j LBD 4,567,520 <br /> Gross Sales 31,067,195 <br /> Less:Taxes on Gross Sales: <br /> Taxes 7,453,020 <br /> Net sales: <br /> 23,614,175 <br /> Less:Cost of..,.. DRAFT <br /> Cost of goods sold(Inc.Inventory adjustments) 16,232,610 <br /> Gross Proflt$ 7,381,565 <br /> Gross ProJtt% 23.76% <br /> Payroll and Related Expenses <br /> Salaries and Wages 2,576,200 <br /> Payroll Taxes 197,080 <br /> Retirement 273,910 <br /> Group Health Insurance 475,000 <br /> Retiree's Group Insurance"(actuarial) 175,000 <br /> Human Resources 20,000 <br /> 401k 68,205 <br /> Processing fees 9,600 <br /> Total payroll related expenses 3,794,995 <br /> Operating Expenses <br /> Board Member/Meeting Expenses/Travel 8,500 <br /> Rent 66,005 '.. <br /> Lease amortization 246,085 <br /> Repairs&Maintenance-Bldgs 45,000 <br /> Repairs&Maintenance-Equip. 25,000 <br /> Utilities,Telephone,Internet 95,000 <br /> Business Insurance 88,275 <br /> Store Supplies,Bags&Expenses 175,000 <br /> Employee Travel 3,500 <br /> Office Supplies&Expenses 24,000 <br /> Exterior Maint.Services 28,000 <br /> Service Agreements(Data/HVAC) 95,000 <br /> Postage 3,400 <br /> Professional Fees(audit and legal) 35,000 '.. <br /> Dues&Subscriptions 4,500 <br /> Credit Card Processing/bank fees 563,700 <br /> Training and Education(Human Resources) 10,000 <br /> Burglar Alarm and Security 7,200 <br /> Vehicle Expense 30,000 <br /> Uniforms 3,500 <br /> Debt Service(Interest Exp) 62,670 <br /> Interest(leases) 41,260 <br /> Cash aver/short 500 <br /> Contingencies/Mist. 500 <br /> Total Operating Expenses 1,661,595 <br /> Operating Income 1,924,975 <br /> Other Income <br /> Interest Income 2,500 <br /> Other Income 1,000 <br /> Total Other Income 3,500 <br /> Net Income Before Distributions 1,928,475 <br /> Statutory Distributions <br /> Law Enforcement 175,000 <br /> Alcohol Rehab&Ed 275,000 <br /> 450,000 <br /> Other Distributions <br /> Orange County General Fund 805,000 <br /> Total Distributions 1,255,000 <br /> I <br /> Net Income After Dislrib's 673,475 <br /> Capital Outlay I <br /> Warehouse: <br /> Delivery truck(warehouse) 125,000 <br />