Orange County NC Website
2026 MID YR FY End 2026 <br /> ORANGE COUNTY ABC BOARD Origin& 8udget audger REVISED <br /> Annual Budget for Fiscal Year 2026 audger amend Amend. Bmdget <br /> Sales: <br /> Liquor Sales 25,950,000 25,450,D00 <br /> Wine/Mixer Soo 5. <br /> L5D 4,650,Om0 4 650.000 <br /> Gross Sales 30,600,500 3G,euu,50G <br /> Less:Taxes on Gross Sales: <br /> Reran Sales 7,102,495 7,109,495 <br /> Net Sales: 23,492,m5 23,492,nCs <br /> Less:Cast of Sales <br /> Cost of goods s,Id(inn,Inventory,adjustments) 15,942,865 15,942,865 <br /> Gross Profit 7,549,140 7,549.140 <br /> Payroll and Related Expenses <br /> Salaries and Wages 2,755.670 2,75S,67o <br /> Payroll Taxes 205,675 205.675 <br /> Retirement 340,090 340,090 <br /> Group Health Insurance 529,025 529.025 <br /> Retiree's Group Insurance 185,000 (54,151) 13D,839 <br /> Human Resources 10,W0 10,00D <br /> 401k 67,000 67,000 <br /> Pr sing lees 9,850 49.850 <br /> Total payroll related expenses 4,302,320 4,048,159 <br /> Operating Expenses <br /> Board MmberfMeeling Fxpenses(Crayef 10,200 5,800 16,0no <br /> Rent 58,435 6,515 64,950 <br /> Lease amort-hen 235,525 235,525 <br /> Repairs&Maintenance-Oldgs 44,000 44,0W <br /> Repairs&Maintenance-Equip. 23,000 7,OmD MOW <br /> lllilities,Telephone.Inremel 125,000 125,000 <br /> Business Insurance 113,785 113,785 <br /> Store Supplies,Bags&Expenses 165,000 15,0D0 180,000 <br /> Employee Travel SOD 300 <br /> Office Supplies&Expenses 20,000 20,Omm <br /> Exterior Main t Services MOW ?C00 3m,0u0 <br /> Serxi.Agreements I04.111VAC) 122,000 122,000 <br /> Postage 3,900 3,90u <br /> Professional Fees 19,800 20,000 29,80G <br /> Dues&Subscriptions 5,500 6,245 11,745 <br /> Ged'rt Card Processing/bank fees 535,D00 535,ODD <br /> Trainingand Education/Meeting 10,000 5,000 15,OD0 <br /> Burglar Alarm and Security 7,500 7500 <br /> Vehicle Expense 15,0m0 15,1D0 <br /> Uniforms 3,00u 3,000 6,000 <br /> Debt Semre pnferest Exp) 54,325 54,315 <br /> Interst(leases) 30,GOD 30,DDO <br /> Cash Over/Short son 500 <br /> C,atingenaeslMisc Son 50C 1�00 <br /> I,630,460 1,691,520 <br /> Operating Income(Lass) 1816.370 1,809,461 <br /> Otherlm, <br /> Interest Income 3C,000 10,D00 40,000 <br /> Other Income 1,500 11150) <br /> Total Other Income 31,500 41,500 <br /> Net Income Before DistrUs 1,847,970 1,81 <br /> Statutory Distributions <br /> Law Enfineement 20m,muo 2IID,ODD <br /> Almhm Rehab&Ed 251,nn0 26�00C <br /> 461,000 461,o0C <br /> Other Distributlons <br /> Orange County-Gen Fund 881,60C 391,600 <br /> Total Distributions 1,342,800 1,342,500 <br /> Net Income After Digdb's 505,270 508,361 <br /> Capital Outlay <br /> Property purchase 30D,000 300,0GO <br /> RepincementconrrolAnnel 3,D91 3,091 <br /> 0 <br /> 0 <br /> 0 <br /> Debt Service(principalt <br /> First Horimn IMebanel 156,855 156,955 <br /> Toralcapital expenses 456,855 459.946 <br /> Capital Receipts <br /> Gainun disposal of truck(warehouse} 0 <br /> Appropriated fund balance{RSS) (456,855) (456.955) <br /> Working Capital Retained <br /> {Appropriated Fund Balance-mnrest0h ed) 505,270 SOS,270 <br /> Depre-tion(nombudgerary item) 492,505 492,_B05 <br /> 12,465 12,46S <br />