Salinas City Council
June 18, 2024

Three-Year Pro Forma
2024 2025 2026
Sales Revenue $12,865,491.40 $13,508,765.97 $14,184,204.27 Cost of Goods Sold $5,704,897.12 $5,990,141.98 $6,289,649.07 State Licensing $96,000.00 $100,800.00 $105,840.00
Insurance $35,677.16 $37,461.02 $39,334.07
Legal Fees $72,000.00 $75,600.00 $79,380.00
Excise Tax $1,460,521.28 $1,533,547.34 $1,610,224.71
Sales Tax $1,061,498.08 $1,114,572.98 $1,170,301.63
City Tax $486,840.44 $511,182.46 $536,741.59
Rent $240,000.00 $252,000.00 $264,600.00
Payroll $2,465,838.16 $2,589,130.07 $2,718,586.57
Utilities $15,037.68 $15,789.56 $16,579.04
Maintenance/Other $50,325.40 $52,841.67 $55,483.75
Total Expenses $11,688,635.32 $12,273,067.09 $12,886,720.44 Net Income $1,176,856.08 $1,235,698.88 $1,297,483.83