Orange County NC Website
Browse       Search
ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> Meeting Date: October 17, 2023 Agenda Item # 5a <br /> Regular Session X <br /> Closed Session <br /> 3. Actual to Budget Comparison for Year-to-Date 2023 (Attachment "C"): <br /> With one-quarter of the fiscal year passed, a balance of approximately 75% of <br /> allocated funds should remain in the annual budget. In the case of sales (76.33%),year-to-date <br /> revenues trended 1.33% higher than anticipated. However, expenditures for total payroll- <br /> related expenses (75.26%) and total operating expenses (75%) were as expected. <br /> Although potential increases in equipment repair, store maintenance and capital outlay <br /> related to store expenses are expected in the future, first quarter performance of revenues and <br /> expenses finished squarely within the parameters of the annual budget. <br /> Action Requested: <br /> 1. Consent Agenda Item. <br /> 2. Review and discuss as needed. <br /> Financial Impact: See Above <br /> Staff Recommendations/Comments: None <br /> Page 2 of 5 pages <br />