Orange County NC Website
i <br /> Orange County Board of Alcoholic Beverage Control <br /> Comparative Statement of Revenues,Expenses and Changes in Net Position <br /> For the month of July,2023 and 2022 Attachment"B" <br /> July July $ % <br /> sales 2023 2022 Variance Variance <br /> Retail-Liquor Sales 1,961,761 1,951,835 9,926 0.51 <br /> Wine/Mixers Sales 2,620 2,624 (4) -0.15% <br /> Commercial/LBD1MIxed Beverage-Liquor Sales 333,656 337,523 3,867 -1A6% <br /> Total Sales 2,298,037 2,201,982 6,055 0.26% <br /> Less Taxes Based on Gross Sales 532,126 631,200 926 0,17 <br /> Net Sales 1,766.911 1,760,782 5129 0.29% <br /> Less;Cost of Sales(Inc.breakage/adJsts.) 11186,068 1,135,609 50459 4.44% <br /> Gross Profit 579843 625173 45.330 -7.25% <br /> Payroll&Related Expenses li <br /> Salaries&Wages 161,589 177,562 (15,973) -9.00% <br /> Payroll Taxes 13,566 12,746 820 6,43% <br /> Emp Retirement 20,687 - 18,101 2,586 14.29% <br /> Health Insurance 46,472 31,169 15,303 49.10% <br /> Retiree Health Ins 11,512 11,512 0.00% <br /> Human Resources 473 266 207 77.82% <br /> NC401k 4,846 5,370 (524) -9.76% <br /> Processing fees 703 633 70 11.11 <br /> Total Payroll&Related 259,848 257359 2,489 0,97% <br /> Operating Expenses <br /> Board Members/Meeting/Travet/Training 504 1,301- (797) -61.26% <br /> Rent 9,926 4,521 5,405 119.55% <br /> Lease Amortization 19,627 19,748 (121) 100.00% <br /> Repairs&Malnl. (Bldgs) 4,876 2,757 2,119 76.88% <br /> Repairs&Munt.(Equip.) 1,677 3,379 (1,702) 100.00% <br /> Utilities,Telephone and Internet 5,403 8,532 (129) -1.51% <br /> Insurance-Buslness 7,081 6,409 672 10.49% <br /> Store Expenses,Supplies and Bags 15,317 14,969 348 2.32% <br /> Travel/Mileage Reimbursement - 0.00% <br /> OfflcmWarehouse Supplies&Expenses 1,797 3,280 (1,483) -4521% <br /> Ext.Maintenance Services 2,212 2,100 112 5.33% <br /> Contract(Service Agreements 9,140 7,679 1,461 19.03% <br /> Postage 350 -140 210 0.00% '.. <br /> Professional Services(legallaudit) 2,000 '1,975 25 1.27% <br /> Dues/Subscrlptlons/Licenses 166 237 (71) -29.96% <br /> Credit Card Processing/Bank fees 41,217 39,503 1,714 4.34% <br /> Training/EducatloNMeeting 49 118 (69) 100.00% <br /> Burglar Alarm&Security 575 575 0.00% <br /> Vehicle Expense 526 '. 9,173 (8,647) -94,27% <br /> Uniforms 311 -. 43 26B 0.00% <br /> Interest(Debt Service) 5,512 4,281 1,231 28,75% <br /> Interest(Leases) 3,564 —3,832 (26B) 100.00% <br /> Cash over/short (251 (144) (107) 74.31% <br /> ConlingencleslMlac. 5 (19) 24 -126.32% <br /> Total Operating Expenses 134,584 134,389 195 0.15% <br /> Total PayrolVOperating Expenses 394,432 391,747 2,685 0,69% <br /> Income from Operations 185,411 233,426 (48,015) -20.57% ', <br /> Other Income <br /> Investment income 450 166 284 171.08% <br /> Miscellaneous 290 290 0.00% <br /> Total Other Income 740 166. 574 345.78% <br /> Net Income Before Distributions 186,151 233,592 (47,441) -20.31 <br /> Statutory Distributions: <br /> Law Enforcement(6%) 14,719 14.000 719 5.14% <br /> Alcohol Rehabilitation&Educallon(7%) 21,750 21,000. 760 3.57% <br /> Total Statutory Distributions 36,469 36,000 1,469 4.20% <br /> Net Income Before Profit Distribution 149,682 1 1 8,592 48,910 -24.63% <br /> Profit Distribution: <br /> Orange County-General Fund 66.667 58,333 8,334 14.29% <br /> Net Income(Loss)before depreciation 83.015 140269 (57,244) -40.81% <br /> depmclatlon 35,372 32,514 <br /> 47.643 107,745 (60,102) -55.78% <br /> I <br /> Year to Date Sates Comparison current (current) <br /> Sales FV 2024 FV 2023 Change % li <br /> Retail Liquor 1,961,781 1,951,835 9,926 0.61% <br /> _. Wine Sales 2,620 2,624 (4) -0.16 <br /> LBD Sates 333,656 337,523 3,867 .1.16 <br /> Total Sales 2,298,037 2,291,982 6,065 0.26% <br /> Net Income(YTD) 47,843 107,745 60,102 -55.78% <br /> 4 I <br />