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<br /> The following are key financial and revenue metrics from the ABC FY 2019-20 Financial Audit.
<br /> ABC Key Financial metrics include:
<br /> • Net position increased by 9.27%
<br /> • Total Sales increased 12.47%
<br /> • Retail liquor sales increased 22.48%
<br /> • Working capital increased 28.8%
<br /> Table 1 below indicates the historical year trend in ABC profits before distribution and
<br /> distribution to sub-recipients. As noted on Table 1 below, the ABC distribution as a percent of
<br /> profits has increased from 39% in FY 2014-15 to 65% in FY 2019-20. These increases resulted
<br /> from BOCC Petitions and Benchmarking Analyses (Attachments 2 and 3).
<br /> Table 1
<br /> Orange Alcoholic Beverage Control Board
<br /> Historical Year Financial Trend
<br /> FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
<br /> Profit Before Distributions $1,780,957 $ 1,564,997 $ 1,303,231 S 1,074,918 $ 1,458,916 $ 1,249,749
<br /> Profit as Percent of Income 9.91% 8.37% 9.77% 5.35% 6.83% 5.20%
<br /> Statutory Distributions.
<br /> Lair Enforcement S 130,000 S 135.000 S 149,000 S 149,300 S 160,000 S 147,000
<br /> Alcohol Education 156,550 144,094 209,150 212,500 244,000 165,233
<br /> Local 400,000 400,000 500,000 500,000 535,000 500,000
<br /> Total Dislrihulions $ 686,550 679,094 858,151) 86I,800 939,000 812,233
<br /> Total Ilistrihution as%of Prorll 39% 43% 66% 80% 64% 65%
<br /> Table 2 below is an updated Benchmarking Analysis as of June 30, 2019 comparing the Orange
<br /> County ABC Board distribution to sub-recipients as a percent of profit which was 64%. The five
<br /> counties of Alamance, Chatham, Durham, Wake and Mecklenburg have an average distribution
<br /> as percent of profit of 70%.
<br /> Based on the ABC financial and sales performance and the Table 2 comparison of other County
<br /> ABC Board distributions, the County's Drug Treatment funding request of$32,500 for the
<br /> Criminal Justice Resource Department does appear reasonable. A copy of this financial
<br /> analysis has been provided to the ABC General Manager and Finance Director in order to allow
<br /> ABC management to respond. Attachment 4 represents the ABC response.
<br /> Table 2
<br /> Alcoholic Beverage Control Board-Benchmarking Analysis
<br /> As of]line 30,2019
<br /> Alarnance Chatham Durham Wake Mecklenberg Orange
<br /> Profit Before Distributions $1,490,023 S 224,751 S5,094,539 $23,520,812 $27,934,328 $ 1,458,916
<br /> Profit as Percent of Income 9.7% 5.07% 12.64% 15.57% 15.65% 6.83%
<br /> Statutory Distributions
<br /> Law Enforcement S 84,629 S 5,028 S 484,250 S I,147,161 S 2,588,961 S 160,000
<br /> Alcohol Education $ 74,050 S 7,040 S 267,123 S 4,284,450 $ 4,903,700 S 244,000
<br /> Local S 955,176 S 124,181 S2,555,555 S 11,884,096 S 13,291,176 S 535,000
<br /> Total Distributions S1,113,855 $ 136,249 $3,306,928 S 17,315,697 S20,783,837 $ 939,000
<br /> Total Distribution as%of Profit 75% 61% 65% 74% 74% 64%
<br /> AVERAGE 70%
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