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i <br /> I� <br /> ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> I <br /> Meeting Date: May 20,2025 Agenda Item #6 <br /> Regular Session X j <br /> Closed Session <br /> Presenter/Information Contact: Tony DuBois/Ron McCoy <br /> Subject: Draft BUDGET for Fiscal Year 2026 <br /> Attachment(s): <br /> 1. Attachment"Page 4"Budget Worksheet(Multi-Year Comparison) <br /> 2. Attachment"Page 5" Capital Improvement Plan <br /> 3. Attachment"Page 6"Annual Budget(Draft) <br /> 4. Attachment"Page 7"Annual Budget Ordinance(Draft) <br /> Brief Summary/Explanations: <br /> Projected sales for the current fiscal year are forecasted to finish at levels comparable to FY 2022. <br /> As a result, FY 2022 has been used as a"base"year to forecast sales for the upcoming FY 2026. Payroll <br /> and operating expenses, however, are expected to increase, resulting in a smaller net profit for the year. <br /> Expenses are estimated based on trends experienced over the past four fiscal years. <br /> Attachment"Page 4"Worksheet(Multi-Year Comparison) <br /> The multi-year worksheet spans four fiscal years (2022-2025). As the "base" year, 2022 is <br /> shaded light red. Additionally, the net change from the base year to the forecasted FY 2026 is <br /> shaded the same color for ease of comparison. The FY 2026 rough budget is in the unshaded <br /> column,followed by the net percentage change from the current(2025)year. <br /> Income <br /> Using sales and expenses for the current year through the end of April combined with adjusted <br /> May and June figures from the previous year (2024), we have estimated year-ending numbers for i <br /> 2025.Once sales for May 2025 are known,the final draft of the FY 2025 budget presented for Board <br /> approval in June may be adjusted to project sales more accurately. Projected expenses will continue <br /> to be evaluated and adjusted as necessary. <br /> I <br /> As retail sales continue to slow,projected sales for FY 2026 have been decreased slightly from <br /> the current year(-0.45°/u), on par with those of FY 2022. Wine sales are being phased out and will <br /> drop significantly from the current year. With LBD (commercial) sales consistently decreasing, <br /> LBD sales have been decreased by-2.09%. <br /> II <br /> — I <br /> i <br /> Page 1 of 7 pages <br />