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ORANGE COUNTY ABC BOARD—AGENDA FORM
<br /> Meeting Date: October 22, 2024 Agenda Item# 5
<br /> Regular Session X
<br /> 3. Actual to Budget Comparison FY 2025 (Attachment"C"):
<br /> Sales through the first quarter were approximately 2.86% above the conservative estimate in
<br /> the FY 2025 budget. With the onset of the holiday season, second-quarter sales are expected to
<br /> increase 28.5%-30% above those of the first quarter.
<br /> Payroll expenses were trending approximately-2.43%below those anticipated. Total
<br /> operating expenses were-1.48%below those expected. Total capital expenses ($38,911)were well
<br /> below budgeted funds ($155,400) although the delivery of the new warehouse remained pending,
<br /> due in the second quarter.
<br /> 4. Attachment "D" Comparative Statement of Monthly/Year-to-Date Retail Sales by Store
<br /> (Attachment"D"):
<br /> Monthly retail sales were down for all stores, with Oakdale (10) experiencing the largest
<br /> monetary decline(-$51,323)and Eno(6)undergoing the largest percentage decline(-17.90%). Ram's
<br /> Plaza (2) had the largest decline in commercial/LBD sales, down -$79,977 (-27.50%). Carrboro (7)
<br /> had the greatest increase in LBD sales (+$6,529), followed by Mebane (4) (+$5,948), up$4,934.
<br /> Total bottles sold for the month (153,192) decreased by 17,040 (-10.01%).
<br /> Retail store sales for the year($5,980,505) declined -$200,749 (-3.25%) with Oakdale (10)
<br /> experiencing the largest decline (-$62,453), followed by Ram's Plaza(2) (-$55,783). Only
<br /> Meadowmont (5) (+$5,353) and Hillsborough (1) (+$2,915)were up for the year-to-date.
<br /> The total decline in total LBD sales (-$144,108, -11.90%) was due primarily to the decline
<br /> in LBD sales at Ram's Plaza(2), down -$160,414 (-22.27%). Year-to-date LBD sales at Carrboro
<br /> (7)increased$16,974, followed by Mebane (4), up $16,151.
<br /> 5. NC Statewide Report of Spirituous Liquor Sales (Attachment"E"):
<br /> The effect of the calendar was evident in liquor sales across the state. Of 173 ABC boards in
<br /> the state, 26 boards had sales greater than$1 million, down from 30 boards in August. Orange
<br /> County ABC moved to I Ph place from 17thplace, despite a total sales decrease of-11.56%.
<br /> Total liquor sales for the state ($137,214,841)were down-10.75%. Total liquor sales for the
<br /> top 26 boards ($97,213,292, 70.85% of all statewide sales)were down an average of-10.75%.
<br /> As usual, Mecklenburg County ABC topped all sales with $20,356,159 (-9.81%), followed
<br /> by Wake County ABC with $16,088,450 (40.32%). Regionally, Greensboro ABC had sales of
<br /> $6,010,984 (-8.74%) and Durham County ABC had sales of$4,525,595 (-9.91%).
<br /> Action Requested:
<br /> 1. Consent Agenda Item.
<br /> 2. Review and discuss as needed.
<br /> Financial Impact: See Above
<br /> Staff Recommendations/Comments: None
<br /> Page 2 of 7 pages
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