Orange County NC Website
Orange County ABC Board BUEIGET WORKSHEET <br /> Multi-Year Comparison Revenues and Ex erl <br /> (base) (current) <br /> 2022 2023 2024 2025 2026 96choage from <br /> Sales (Actual) (Actual) (Actual) projected BUDGET previous year <br /> Liquor Sales 25,433,856 26,045,623 26,233,194 25,630,305 25,950,000 1.25% <br /> Wine/{Mixer 41,249 38,237 30,698 3,575 500 -96.01% <br /> LBD 4,575,181 5,125,307 5,047,452 4,693,140 4,650,000 -0.92% <br /> Gross Sales 30,050,286 31,209,168 31,311,344 30,327,020 30,600,500 0.90% <br /> Taxes based on gross sales 6,985,063 7,261,799 7,278,602 7,045,390 7,108,495 6.90% <br /> Net Sales 23,G65,223 23,947,368 24,032,742 23,281,630 23,492,005 <br /> Cost 4f(Moods(including Inventory adjustments) 15,474,063 16,103,177 16,324,990 15,827,760 15,942,865 0.73% <br /> Gross Profit$ 7,591,160 7,944,191 7,707,752 7,453,870 7,549,140 <br /> %increase 13% 3% -1.74% -3.29% 1.28% <br /> Salaries and Wages 2,076,384 2,397,503 2,612,849 2,649,683 2,755,670 4.00% <br /> Payroll Taxes 158,640 179,372 195,905 199,069 205,675 3.32% <br /> Retirement 18oard's portion) 201,166 254,575 301,622 323,275 340,090 5.20% <br /> Group Health insurance 383,337 454,591 525,566 514,308 529,025 2,96% <br /> Retiree's Group Insurance(actuarial) 279,146 139,149 162,148 176,632 185,000 4.74% <br /> Human Resources 5,214 23,249 11,899 7,716 10,000 29.60% <br /> 401k 48,080 66,194 67,913 65,537 67,000 2.23% <br /> Processing fees 8,009 9,063 9,637 9,740 9,850 1.13% <br /> Total payroll and related 3,159,976 3,522,696 3,887,539 3,945,960 4,102,310 <br /> Operational Expenses <br /> Board Member/Meeting Expenses/Travei 5,100 6,823 7,426 9,745 10,200 4.67% <br /> Rent 52,800 51,677 56,611 57,290 58,435 2.00% <br /> leas,Amortization 216,382 235,521 235,523 235,525 235,525 0.00% <br /> Repairs&Maintenance-Bldgs 45,923 39,123 49,014 50,660 44,000 -13.15% <br /> Repairs&Maintenance-Equip. 23,248 21,953 25,803 18,930 23,000 21.50% <br /> Utilities,Telephone,Internet 93,221 94,731 116,034 126,598 125,000 -1.26% <br /> Business Insurance 71,809 80,675 94,194 107,344 113,785 6.00% <br /> Store Supplies,Bags&Expenses 147,223 195,814 184,599 170,791 165,000 -3.39% <br /> Employee Travel 29 11910 1,793 411 500 21.65% <br /> Office Supplies&Expenses 16,124 32,961 23,841 22,285 20,000 -10.25% <br /> Exterior Maint.Services 25,707 24,487 31,925 26,285 28,000 6.52% <br /> Contract Service Agreements 76,137 91,779 114,456 120,985 122,000 0.84% <br /> Postage 3,675 3,225 3,619 3,892 3,900 0.21% <br /> Professional Fees(audit and legal) 38,052 32,116 28,499 16,818 19,800 17.73% <br /> Dues&Subscriptions 4,653 7,779 3,087 5,662 5,500 -2.86% <br /> Credit Card Processing/bank fees 460,004 524,545 548,646 534,720 535,000 0.05% <br /> Training and Education(Human Resources) 614 10,420 12,090 10,172 10,00D -1.69% <br /> Burglar Alarm and Security 6,900 6,900 7,315 7,330 7,500 1.63% <br /> Vehicle Expense 20,191 25,148 14,603 13,777 15,OOD 8.88% <br /> Uniforms 2,699 2,846 311 5,409 3,000 -44.54% <br /> Debt Service(interest Exp) 87,727 60,793 63,377 58,969 54,315 -7.89% <br /> Interest(leases) 42,552 45,574 40,352 34,836 30,n0D -13.88% <br /> Cash Short(Over) (601) -293 -176 1,594 500 -58.63% <br /> Contingencies/Misc. 1256) 229 99 67 Soo 646.27% <br /> Total operating expenses 1,440,113 1,596,736 1,6631041 1,640,145 1,630,460 -0.59% <br /> increa 7% 11% 4.15% -1.36% -0.59% <br /> Operating Income 2,991,071 2,724,759 2,157,173 1,367,765 1,916,370 <br /> Other income <br /> InvestmenUlrHerestincome 1,989 4,432 5,118 17,450 30,000 7192% <br /> Miscellaneous 4,067 35 525 5,300 1,500 1 -71,70% <br /> Total Other Income 6,056 4,467 5,643 22,750 31,500 38.46% <br /> Net Income Before Profit Distributions 2,997,127 2,729,225 Z16ZB16 1,890,515 1,847,870 <br /> Statutory Distributions <br /> Law Enforcement 165,000 168,1300 176,630 184,OOD 200,000 8.70% <br /> Alcohol Rehab&Ed 237,OOD 252,000 261,000 291,000 261,000 -10.31% <br /> Total Statutory Distributions 403,00D 420,000 437,630 475,000 461,000 <br /> Net Income Before Profit Distribution 2,594,127 2,309,226 1,725,186 1,415,515 1,386,870 <br /> Profit Distribution <br /> Orange County-Gen Fund aj <br /> 700,000 805,000 840,000 8B1,600 4.95% <br /> %incease 32% 15.00% 4.35% 4.95% <br /> Working Capital Retained(before capital expenses) 1,609,226 920,186 575.515 505,270 <br /> depreciation(non-budgetmyitem) 441,311 423,518 477,307 505,469 492,805 <br /> 1,622,815 1,185,708 442,879 70,046 12,455 <br /> Capital Outlay 1,715,027 1,770,965 367,966 210,937 300,000 42.22% <br /> Debt Service 547,189 733,056 152,615 157,057 162A00 3.15% <br /> 2,262,216 2,504,021 520,581 367,994 462,000 <br /> Page 3 <br />