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i <br /> I <br /> Highlights and Key elements of the budget Include: <br /> Payroll <br /> Continued support of the living wage will continue to increase payroll and will decrease <br /> profitability for years to come as raises compound the cost of the workforce. The increase in the <br /> percentage of retirement expenses for each employee will also Impact payroll as will rising <br /> insurance costs. <br /> Capital Improvements,Store Improvements and Projects <br /> We are buying property in Cedar Grove for 300K <br /> Rent and Lease Payments <br /> The Boad leases stores in Southern Village, Ram's Plaza and Meadowmont.The Meadowmont <br /> lease Is up for revies in 2026. Currently the only loan obligation is for the Mebane store. Debt <br /> service on the Mebane store is projected to be$162,000. <br /> Training & Education <br /> Our education funds available are$20,000 as we will schedule group training and team building <br /> activities In 2025/26.The ongoing goal will be to create a comfortable customer environment and <br /> Improve overall operations and Increase staff product knowledge. <br /> Staffing Summary <br /> The Board may adjust the employee roster to account for the flattening sales trends. Staffing <br /> levels fluctuate but are generally 45 Full-Time and 20 Part-Time for a total of 65 employees. We <br /> will adjust the Full-Time vs Part Time balance as we monitor sales trends. j <br /> Changes to this budget after adoption will be accompanied by a budget amendment with changes <br /> in excess of$50,000 requiring approval by the board and changes under$50,000 requiring <br /> approval by both the Budget Officer and Finance Officer followed by a budget amendment.This <br /> budget shows the commitment of the Orange County ABC Board to go over and above statutorily <br /> required distributions to Alcohol Education and Law Enforcement.This budget reflects the board's <br /> commitment to improving store infrastructure and increasing profitability by investing In the <br /> employees who generate revenue through their hard work and dedication to outstanding <br /> Customer Service. <br /> �y <br /> i <br /> Tony DuBois <br /> General Manager <br /> Orange County ABC Board <br /> I <br />