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3 <br /> <br /> 1 <br />The following are key financial and revenue metrics from the ABC FY 2019-20 Financial Audit. 2 <br /> 3 <br />ABC Key Financial metrics include: 4 <br /> 5 <br /> Net position increased by 9.27% 6 <br /> Total Sales increased 12.47% 7 <br /> Retail liquor sales increased 22.48% 8 <br /> Working capital increased 28.8% 9 <br /> 10 <br />Table 1 below indicates the historical year trend in ABC profits before distribution and 11 <br />distribution to sub-recipients. As noted on Table 1 below, the ABC distribution as a percent of 12 <br />profits has increased from 39% in FY 2014-15 to 65% in FY 2019-20. These increases resulted 13 <br />from BOCC Petitions and Benchmarking Analyses (Attachments 2 and 3). 14 <br /> 15 <br /> 16 <br /> 17 <br /> 18 <br /> 19 <br /> 20 <br /> 21 <br /> 22 <br /> 23 <br /> 24 <br /> 25 <br /> 26 <br /> 27 <br /> 28 <br />Table 2 below is an updated Benchmarking Analysis as of June 30, 2019 comparing the Orange 29 <br />County ABC Board distribution to sub-recipients as a percent of profit which was 64%. The five 30 <br />counties of Alamance, Chatham, Durham, Wake and Mecklenburg have an average distribution 31 <br />as percent of profit of 70%. 32 <br /> 33 <br />Based on the ABC financial and sales performance and the Table 2 comparison of other County 34 <br />ABC Board distributions, the County’s Drug Treatment funding request of $32,500 for the 35 <br />Criminal Justice Resource Department does appear reasonable. A copy of this financial 36 <br />analysis has been provided to the ABC General Manager and Finance Director in order to allow 37 <br />ABC management to respond. Attachment 4 represents the ABC response. 38 <br /> 39 <br /> 40 <br /> 41 <br /> 42 <br /> 43 <br /> 44 <br /> 45 <br /> 46 <br /> 47 <br /> 48 <br /> 49 <br /> 50