As required by NC G.S. 18B-702, a balanced budget has been prepared and presented to the Currituck County ABC Board, the Currituck County Board of Commissioners and the NC ABC Commission. A copy of this budget is available for review in the ABC Board office, located at 6420 Caratoke Highway, Grandy, North Carolina 27939, Monday through Friday, 9:00 a.m. to 5:00 p.m.
A Public Hearing pertaining to this budget will be held on Thursday, June 18, 2020 at 9:00 a.m, at the
Currituck County ABC Board Office
6420 Caratoke Highway
Grandy, North Carolina 27939.
CURRITUCK COUNTY ABC BOARD
A budget consisting of projected revenues from sales, balanced against projected taxes based on those revenues, operating expenses and distributions has been prepared as required by NC GS 18-702.
Budget reflects salaries/wages for the following employees:
- 8 Full-time permanent/salaried 2-Moyock 2-Grandy 2-Corolla 2-Admin
- Part-time hourly 1-Moyock 1-Grandy
- Full-time seasonal/hourly Corolla store
The Board has plans for a larger, more efficient store in Corolla to meet the demands of the growing tourism. At this time, the Board, will maintain their current agreement with local government subject to change as the project moves forward.
The Board is in an agreement with the county to open a new store in Corolla. The building which the county will own and should be completed with their part in spring, we hope to have our part completed by end of summer. This will allow more efficient store operations to meet the demands of the growing tourism and mixed beverage outlets. Also, our Moyock location is growing in sales due to all the neighborhoods and growing populations.
Proposed Budget Document
Fiscal Year 2020-2021
The following budget establishing revenues and setting expense appropriations is hereby adopted and effective July 1, 2020, through June 30, 2021.
Section 1. Estimated Revenues. It is estimated that the revenues listed below will be available during the fiscal year beginning July 1, 2020 and ending June 30, 2021 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 2020 – 2021 and are funded by the revenues made available through Section 1, herein.
Salaries & Wages
Board Member Per Diem
Repairs & Maintenance
Insurance – General & Bonds
Credit Card Fees
Total Estimated Expenses
Alcohol Education & Rehab.
Working Capital Retained
Total Expense, Distribution & Reserve
Section 3. Copies of this Budget Document shall be furnished to the [appointing authority], 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.