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ANNUAL BUDGET ORDINANCE
<br /> Orange County ABC Board
<br /> Orange County,North Carolina
<br /> Fiscal Year 2023-2024
<br /> BE IT ORDAINED by the ABC Board of Orange County,North Carolina,that the following ordinance
<br /> establishing revenues and setting expense appropriations Is hereby adopted and effective July 1,2022
<br /> through June 30,2024.
<br /> Section 1.Estimated Revenues
<br /> It is estimated that the revenues listed below will be available during the fiscal year beginning July 1,2023
<br /> and ending June 30,2024 to meet the operational and functional appropriations as set forth in Section 2
<br /> In accordance with the chart of acounts prescribed by the state ABC Commission.
<br /> Estimated Revenues
<br /> Sales: $31,067,195
<br /> Other Income: $3,500
<br /> Total: $31,070,695
<br /> Section 2 Appropriations
<br /> The following expenses are by o to r f�2 024 and funded by the revenues
<br /> made available through Sect eln. F
<br /> Appropriations
<br /> Taxes based on revenue: $7,453,020
<br /> Cost of Sales: $16,232,610
<br /> Operating Expenses Stores Admin/Office Warehouse Total
<br /> Salaries and Benefits 3,242,954 306,219 245,822 3,794,995
<br /> Board Member Expense 8,500 8,500
<br /> Rent 66,005 66,005
<br /> Repairs and Maintenance 66,000 4,000 70,000
<br /> UtllitiesTelephone/Internet 68,300 8,500 18,200 95,000
<br /> Insurance-General and Bonds 55,775 10,000 22,500 88,275
<br /> Store Supplies and Expenses 169,320 20,680 2,000 192,000
<br /> Office Supplies and Expenses 31,900 31,900
<br /> Service/Maintenance Contracts 112,250 12,250 5,700 130,200
<br /> Professional Fees(audit and legal) 30,000 3,000 2,000 35,000
<br /> Credit Card Processing/bank fees 562,150 600 950 563,700
<br /> Vehicle expenses 6,000 24,000 30,000
<br /> Debt service(interest) 62,670 62,670
<br /> Contingencies 250 250 Soo
<br /> Total 4,373,003 474,569 321,172 5,168,745
<br /> Debt Service
<br /> Debt Service(principal) 362,500
<br /> Capital Outlay
<br /> Capital Expenses 362,500
<br /> Approplated fund balance (362,500)
<br /> Total estimated capital expenditures/receipts 362,500
<br /> Total extimated expenses,net capital outlay 5,531,245
<br /> Distributions
<br /> Law Enforcement 175,000
<br /> Alcohol Education and Rehab. 275,000
<br /> 450,000
<br /> Other County/Municipal 805,000
<br /> Total Distributions 1,255,000
<br /> Working Capital Retained 598,819
<br /> (Appropriated Fund Balance-Unrestricted)
<br /> Total Appropriations
<br /> 31,070,695
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