Special to Iredell Free News
The Statesville ABC Board has made its final distributions for fiscal year 2019-2020, recording its highest yearly distributions for the local board since its beginning 1973.
A total of $347,801 was given to the City of Statesville, Mitchell Community College, Iredell-Statesville Schools and Iredell Museums.
The North Carolina ABC system is set up so that, after paying taxes and expenses, local ABC boards share their profits within their local communities.
For the fourth quarter of their fiscal year, the Statesville ABC Board made the following distributions: $78,946 to both Mitchell Community College and Iredell-Statesville Schools and $31,579 to the Iredell Museums. The City of Statesville received $26,965 from mixed beverage profits, $126,315 from retail sales and $5,050 for alcohol law enforcement services provided by the Statesville Police.
In addition to these distributions, an additional $22,760 was contributed to Iredell County and $4,799 went to the N.C. Department of Human Resources in bottle taxes.
“We are glad to be able to remain open and safe for our customers and employees during the virus,” said ABC Board Chair Ron Matthews. “Even with a national product shortage, we have been able to get most of the products for our stores and greatly appreciate our customers’ support and patience.”
The total distributions for 2019-2020 are as follows: City of Statesville, $218,443; Statesville Police, $24,386; Mitchell Community College and Iredell-Statesville Schools, $108,877; Iredell Museums, $43,552.
The annual education grants will be announced later this month.
For more information on the Statesville ABC distributions and education grants, go to www.statesvilleabc.com or call 704-873-5078.