Orange County NC Website
i <br /> ORANGE COUNTY ABC BOARD <br /> Annual Budget for Fiscal Year 2024 <br /> Sales: <br /> -- Liquor Sales 26,613,255 <br /> Wine/Mixer 40,050 <br /> LBD 4,615,680 <br /> Gross Sales 31,268,985 <br /> Less:Taxes on Gross Sales: <br /> Taxes 7,501,430 <br /> Net <br /> Sales: <br /> Cost of Sales DRAFT 23,767,555 <br /> Less: <br /> Cost of goods sold(Inc.inventory adjustments) 16,338,045 <br /> Gross Profit$ 7,429,510 <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 485,000 '',, <br /> Retiree's Group Insurance(actuarial) 170,000 <br /> Human Resources 25,000 <br /> 401k 68,500 <br /> Processingfees 9,600 <br /> Total payroll related expenses 3,805,290 <br /> Operating Expenses <br /> Board Member/Meeting Expenses/Travel 8,500 <br /> Rent 66,005 <br /> Lease amortization 246,085 <br /> Repairs&Maintenance-Bldgs 42,000 <br /> Repairs&Maintenance-Equip. 25,000 <br /> Utilities,Telephone,Internet 95,000 <br /> Business Insurance 88,275 <br /> Store Supplies,Bags&Expenses 180,000 <br /> Employee Travel 3,500 <br /> Office Supplies&Expenses 25,000 <br /> Exterior Maim.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 4,900 <br /> Credit Card Processing/bank fees 565,115 <br /> Training and Education(Human Resources) 10,000 <br /> Burglar Alarm and Security 7,200 <br /> Vehicle Expense 30,000 <br /> Uniforms 4,000 <br /> Debt Service(interest Exp) 62,675 <br /> Interest(leases) 41,260 <br /> Cash over/short 500 <br /> Contingencies/Misc. 500 <br /> Total Operating Expenses 2,666,915 <br /> I <br /> Operating Income 1,957,305 <br /> Other Income <br /> Interest Income 2,500 <br /> Other Income 1,000 <br /> Total Other Income 3,500 <br /> I <br /> Net Income Before Distributions 1,960,805 <br /> Statutory Distributions <br /> Law Enforcement 205,720 <br /> Alcohol Rehab&Ed 261,000 <br /> 466,720 <br /> i <br /> - Other Distributions <br /> Orange County General Fund 805,000 , <br /> Total Distributions 1,271,720 <br /> Net Income After Dlstrib's 689,085 <br /> Capital Outlay <br /> Warehouse: <br /> Delivery truck fwarehnusel 110 4nn <br />