Orange County NC Website
i <br /> 2023 MID-YR END-YR 2023 <br /> ORANGE COUNTY ABC BOARD Original Budget Budget REVISED <br /> Annual Budget for Fiscal Year 2023 Budget Amend. Amend, Budget <br /> Saks: <br /> tiquorsales 24,520,230 451,100 1,025,555 25,996,885 <br /> Waterfall, 38,000 1,500 -1,215 38,285 <br /> LED 360_, 2,_485 805,000 R�500 5135v_985 <br /> Gross Sales 28,160,715 1,257,600 1,752,840 31,171,155 <br /> Leas:Taxes on Gross Sales: <br /> Taxes 6,617,770 276,675 378,205 7,272,650 <br /> Net Sawa: <br /> 21,542,945 23,898,505 <br /> Lass:Cast of Sale. <br /> Cost of goods sold(Inc.Inventory adjustments) 14,713,975 653,955 693,665 16,061,595 <br /> Gross Profit 6,829,970 326,9)0 600,970 7,836,910 <br /> ! <br /> i <br /> Payroll and Related Expanses <br /> Salaries and Wages 2,167,145 70,000 176,315 2,413,960 <br /> Payroll Taxes 162,345 12,000 10,950 185,295 <br /> Retirement 210,910 21,000 23,725 255,635 <br /> Group Health Insurance 422,675 31,595 454,270 <br /> Retiree's Group Insurance 131,850 6,300 138,150 <br /> Health Reireb/Ffex HUMAN RESOURCES 5,500 16,500 2,135 24,135 <br /> 4011, 69,395 j3,065) 66,330 !. <br /> Processing fees 8815W 565 9_`65 <br /> Total payroll related expenses 3,178,32D 119,500 lull 3,$46,340 <br /> Operating Expenses <br /> Board Member/Meeting Expenses/ravel 6,600 300 6,900 �'.. <br /> Rent 319,300 (265,000) 54,900 <br /> lease amarthrotion 243,000 243,000 <br /> Repairs&Maintenance-Bldgs 40,000 40,000 <br /> Repairs&Maintenance-Equip. 20,000 7,690 27,690 <br /> Utilities,Telephone,Internet 95,950 4,300 100,250 <br /> Business Insurance 75,000 75,000 <br /> Store Supplies,Bags&Expenses 135,000 40,000 20,455 195,455 <br /> Employee Travel 1,500 1,500 <br /> Office Supplies&Expenses 17,500 10,500 2,435 30,435 <br /> Exterior Maint.Services 26,400 26,400 <br /> Service Agreements(Data/HVAC) 78,000 6,250 ),)65 92,015 <br /> Postage 3,100 3,100 <br /> Professional Fees(such,and legal) 35,000 (2,885) 32,115 <br /> Dues&Subscriptions 4,900 4,900 <br /> Credit Card Processing/bank fees 430,000 45,500 52,755 527,255 <br /> Training and Education/Meeting 10,000 10,000 <br /> Burglar Alarm and Security 7,200 7,200 <br /> Vehicle Expense 18,000 10,500 (2,790) 25,710 <br /> Uniforms 4,2W 4,200 <br /> Debt Service(Interest Exp) 83,375 j30,0001 53,375 <br /> lntrm,rfleaers) 45,150 45,150 <br /> Cash Short lover) 500 25D 750 <br /> Contingencies/Mist. so San <br /> Total Operating Expenses 1,412,025 1a6,150 89,025 1,607,200 <br /> I <br /> Operating Income(Los.) 2,238,625 2,683,370 <br /> Other Income <br /> Interest Income 2,000 2,000 <br /> Other Income 11500 itL500 <br /> Total Otherincome 3,500 3,SW <br /> Net Income Before Distdir. 2,242,125 2,686,870 <br /> Statutory Distributionm, <br /> Ww Enforcement 168,000 168,000 <br /> Alcohol Rehab&Ed 25�_000 252,000 <br /> 420,000 420,M <br /> Other DhAdbudons <br /> Orange County General Fund 700,_000 700,0010 <br /> Total Distributions I,12U,000 1,120,000 <br /> Net Income After Matto'. 1,122,125 101,320 343,425 1,566,870 <br /> CePHRI Outlay <br /> Reol...moral store ecrulmotilw Mebane <br /> Store construction 1,285,100 1,265,100 ! <br /> Change OrderniEnglueedng/Project Administration 190,000 45,000 235,000 <br /> Fumilu e,Worse and equipment(FEE) 110,260 55_,0_00 165,_250 <br /> 1,565,360 100,000 1,665,350 <br /> reensedrobuilding..am . Resurface floors(oglco) KOO ilo,00a1 <br />