June 20, 2024 ABC Board Meeting- 3:00 p.m. (incl. FY24-25 Budget Adoption)

The upcoming Black Mountain ABC Board meeting on June 20th will primarily focus on finalizing and approving the budget for the fiscal year 2024-2025. This budget details how the board anticipates generating revenue and spending funds over the next year, covering areas like staffing, compensation for employees, managing expenses such as insurance and credit card fees, and planned improvements to the parking lot. The board expects a modest increase in sales revenue and is considering potential salary adjustments for staff, as well as the possibility of adding a fifth full-time employee.

A key decision expected at this meeting is the formal adoption and approval of the proposed budget, which outlines a balanced financial plan with estimated revenues matching total expenses and distributions. The approved budget will impact the board's operations for the coming year, including its ability to maintain services and address necessary infrastructure improvements. Residents interested in understanding how local funds are allocated or those affected by the ABC Board's activities should pay attention to this meeting.

The finalized budget will be shared with the Town of Black Mountain, the state ABC Commission, and the Budget/Finance Officers. The fiscal year covered by this budget runs from July 1, 2024, to June 30, 2025.