Orange County NC Website
ORANGE COUNTY ALCHOLIC BEVERAGE CONTROL BOARD Exhibit B-I <br /> (a component unit of Orange County Government) <br /> STATEMENTS OF REVENUE,EXPENSES,AND CHANGES IN NET POSITION <br /> Years Ended June 30,2023 and 2022 <br /> 2023 2022 <br /> Liquor sales $ 26,045,431 $ 25,433,649 <br /> Mixed beverage sales 5,125,307 4,575,182 <br /> Wine sales 38,237 41,249 <br /> Total Gross Sales 31,208,975 30,050,080 <br /> Less: Taxes Based on Gross Sales <br /> State's share of mixed beverage surcharge 393,894 370,920 <br /> State excise 6,760,808 6,509,663 <br /> Mixed beverage 39,389 37,092 <br /> Rehabilitation 67,516 67,181 <br /> Total Taxes 7,261,607 6,984,856 <br /> Net Sales 23,947,368 23,065,224 <br /> Cost of Sales <br /> Liquor 16,083,743 15,463,933 <br /> Cost of wine sales 19,434 21,061 <br /> 16,103,177 15,484,994 <br /> Gross Profit 7,844,191 7,580,230 <br /> i <br /> Operating Expenses <br /> Store selling 3,574,196 2,947,584 <br /> Warehouse and delivery 411,251 323,113 <br /> Administrative 878,632 770,982 <br /> Depreciation and amortization 659,039 657,694 <br /> Total Operating Expenses 5,523,118 4,699,373 <br /> Operating Income[carriedforward] 2,321,073 2,880,857 <br /> I <br /> I <br /> I <br /> See auditor's report and notes to financial statements. <br /> -11- <br /> I <br /> I <br />