2023c ABC Board Minutes - Laserfiche WebLink

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ORANGE COUNTY ABC BOARD—AGENDA FORM Meeting Date: June 20,2023 Agenda Item Regular Session X Closed Session I I I Rent has been increased 21.56%, although this number may be modified by GASB 87 lease capitalization calculations. Business insurance has increased 17.70%, due primarily to the addition of a ninth store. Credit card processing fees have been increased by 7.18% Total operating expenses have been increased by 3.72%. i Distributions Pending final approval by the Board, the following totals have been budgeted for grant distributions. Law enforcement grants are budgeted to be $205,720, up 22.45%. For the purposes of the draft budget, an amount of$29,090 has been added to the base Chapel Hill police request($40,628) to allow for the purchase of a 2023 Camry hybrid vehicle. This amount may be modified or removed, pending the resolution of the Board. Grants for alcohol education and rehabilitation are $261,000, up 18.01% from the previous year. Distribution to the Orange County general fund is$805,000,up 15%,as requested by letter from Kirk Vaughn, Orange County Budget Director. Capital Expenditures I Capital outlay for FY 2024 is expected to be financed by appropriated funds held from the current year's change in net position. Expenditures are budgeted to include the purchase of a new/replacement delivery truck as well as additional racking, replacement fire panel, inventory scanners and a replacement computer for the warehouse. Windows in the office are to be replaced, as is the existing presentation monitor in the boardroom and the outdated security digital recording system. The Board is also looking to purchase/lease an online system to streamline and improve the grant process. Security cameras in several stores are set to be upgraded as well. Action Requested: 1. Consent Agenda Item. 2. Review and discuss as needed. 3. Vote approval of the budget. 1 Financial Impact: See Above Staff Recommendations/Comments: None I I Page 2 of 6 pages