BUDGET DOCUMENT
CRAVEN COUNTY ABC BOARD
Fiscal Year 2023-2024
Estimated Revenues:
Sales:$19,030,411
Other Income (Interest):$10,300
Total:$19,040,711
Appropriations:
Taxes Based on Revenue:$4,231,871
Cost of Goods Sold:$10,066,954
Operating Expenses Store(s):
Cash Over/Short: Store(s):$100
Professional Fees: Store(s)$4,000, Admin$6,000, Total:$10,000
Training:$2,000 Total:$2,000
Vehicle: Admin:$4,600, Warehouse:$5,400 Total:$10,000
Rent (James City):$44,400 Total:$44,400
Contingencies:
Store(s):$45,000, Admin:$3,000, Warehouse:$2,000, Total:$50,000
Store/Office Supplies:
Store(s):$55,500, Admin:$11,400, Warehouse:$2,000, Total:$68,900
Repairs & Maintenance:
Store(s):$50,000, Admin:$12,000, Warehouse:$3,820, Total: $65,820
Utilities:
Store(s):$69,638, Admin:$4,000, Warehouse:$10,594, Total:$84,232
Insurance – General & Bonds:
Store(s):$76,158, Admin:$12,693, Warehouse:$13,149, Total:$102,000
Credit Card Fees:
Store(s):$187,800, Total:$187,800
Salaries & Wages:
Store(s):$1,457,917, Admin:$394,196, Warehouse:$78,187, Total: $1,930,300
Board Member Per Diem:$6,000, Total:$6,000
Travel:$6,500, Total:$6,500
Interest: $112,500, Total:$112,500
Total: Store(s)$1,992,513, Admin:$572,889, Warehouse:$115,150, Total:$2,680,552
Total Estimated Expenses: $16,979,378
Distributions:
The following budget establishing revenues and setting expense appropriations is proposed for
fiscal year July 1, 2023, through June 30, 2024.
Section 1. Estimated Revenues. It is estimated that the revenues listed below will be available
during the fiscal year beginning July 1, 2023 and ending June 30, 2024 to meet the operational and
functional appropriations as set forth in Section 2, in accordance with the chart of accounts
prescribed by the state ABC Commission.
Section 2. Appropriations. The following expenses are hereby appropriated for fiscal year 2023-2024
and are funded by the revenues made available through Section 1, herein.
County Distributions:$1,515,017
Law Enforcement:$91,000
Alcohol Education & Rehabilitation:$66,950
Municipal Distributions:$98,800
Year-End Distribution:$37,000
Total Distributions:$1,808,767
1st Citizens Loan Payment (50K a month min-begins 10/23):$450,000
Total Expense, Distribution & Reserve:$19,248,444
Working Capital Retained
(Appropriated Fund Balance+Money Market Fund+Wells Fargo):$1,200,000
Balance:$992,267
Section 3. Copies of this Budget Document shall be furnished to the Craven County Commissioners,
the state 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.