Approved FY2014-15 Budget New Hanover County ABC Board
BUDGET DOCUMENT,dated May 20,2014
Fiscal Year 2014-2015
The following budget establishing revenues and setting expense appropriations is hereby approved
. and effective July 1,2014 and ending June 30,2015.
Section 1. Estimated Revenues. It is estimated that the revenues listed below will be available during the
fiscal year beginning July 1, 2014 and ending June 30,2015 to meet the operations and functional appropriations
as set forth in Section 2, in accordance with the chart of accounts prescribed by the NC ABC Commission.
Estimated Revenues:
Sales $ 37,116,404
Other Income 4,635
Total Estimated Revenues $ 37,121,039
Section 2.Appropriations.The following expenses are hereby appropriated for fiscal year 2014-2015 and are
funded by the revenues made available through Section 1,herein.
Appropriations:
Stores Administrative Warehouse Total
Taxes Based on Revenues $ 9,035,795 $ 9,035,795
Cost of Goods Sold 1 8,805,820 $ 18,805,820
Operating Expenses
Pay and Related $ 2,285,252 $ 475,921 $ 304,806 3,065,979
Alarm Service 5,776 636 756 7,168
Board Member-Per Diem 0 15,600 - 15,600
Breakage 3,425 - 2,041 5,466
Cash Short(Over) 2,888 - - 2,888
Charge Card Fees 334,685 - - 334,685
Dues& Subscriptions - 4,800 - 4,800
Insurance-General 75,120 19,947 1 5,000 110,067
Janitor - 4,620 - 4,620
Licenses&Other Taxes 72 400 - 472
Maintenance Agreements 49,197 1 8,900 9,900 77,997
Merchandise-Short(over) 6,623 - 6,624 13,247
Miscellaneous/Contingency - 144,000 - 144,000
Professional Services 12,180 49,800 61,980
Repairs&Maintenance 48,729 3,190 4,320 56,239
Retirees'Health Care Expense(Cash Basis) - 34,676 - 34,676
Supplies 63,672 11,280 4,320 79,272
Telephone&Internet 44,200 9,600 4,320 58,120
Training&Education - 15,900 900 16,800
Approved 5/20/2014 Page 1
Travel 20,550 - 20,550
Utilities 83,232 4,164 9,900 97,296
Vehicle Expense - 3,108 28,980 32,088
Total Operating Expenses 3,015,051 837,092 - — 391,867 4,244,010
Stores Administrative Warehouse Total
Capital Outlay:
ABC Complex-6009 Market-Estimated Restricted
for Capital Improvements Carryover to FY 14/1 (1,200,000) (1,200,000)
Disbursement of Funds Restricted for Capital
Improvements during FY14/15 1,200,000 1,200,000
"Owner wn er Responsible" Items-ABC Complex:
Appliances,Display System,Furniture,
Bathroom Fixtures,& Surveillance 130,000 130,000
Cornputers and related 10,000 10,000 20,000
Shelving 65,000 65,000
Fork Lift 20,000 20,000
Total Capital Outlay 75,000 130,000 30,000------- 235,000
Debt Service/Lease:
Not Applicable -
Total Debt Service/Lease - - - -
Estimated Expenditures Before Distributions 30,931,666 967,092 421,867 32,320,625
Distributions:
Local 3. %Tax 909,140
Local$0.01 &$0.05 Bottle Tax 121,743
Alcohol Law Enforcement 511,001
Local Mixed Beverage Surcharge 1,072,186
Profit Distributions-County&Municipal 1,448,347
Total Distributions 4,062,417
Working Capital Retained (Appropriated Fund Balance-Restricted) 737,997
Total Expenses,Distributions&Working Capital Retained 37,121,039
Section 3.Copies of this Budget Document shall be furnished to the New Hanover County Board of Commissioners,
the North Carolina ABC Commission,and to the Budget Officer and Finance Officer to be kept on file by them for
their direction in the disbursement of funds.
Adopted by the New Hanover County Alcoholic Beverage Control Board this 20th day of May 2014.
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Approved 5/20/2014 Page 2
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