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i <br /> ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> Meeting Date: June 17, 2025 Agenda Item#5 <br /> Regular Session X <br /> 3. "Actual to Budget Comparison for FY 2025" (Attachment"Page 511) <br /> With one month of the fiscal year remaining, approximately 8.33% should remain in budgeted <br /> funds for revenues and expenses. <br /> Year-to-date sales were approximately 3.74% below those anticipated. Unused sales-related <br /> expenses (taxes and cost of goods)had a surplus of unused funds (+3.33%). <br /> Total payroll expenses had a surplus of approximately 8.41% while operating expenses had a <br /> balance of approximately 4.42%. <br /> Projected allocations of revenues and expenses through June 30, 2025 are adjusted in a year-end <br /> budget amendment(see Agenda item#7). <br /> 4. "Comparative Statement of Monthly/Year-to-Date Retail Sales by Store" <br /> (Attachment"Page 6"): <br /> Retail store sales in May ($2,109,983) continued their pattern of decline, although the decrease <br /> (-$19,518)was modest(492%). <br /> Economic pressures have continued to depress restaurant and bar sales, leading to an ongoing <br /> decline in LBD sales, down-$48,566 (-10.27%) in May. <br /> The number of bottles sold in May 2025 (165,281) declined-1,485 (-0.89%). <br /> Year-to-date retail sales ($23,625,451)were down-$562,854(-2.33%)while LBD sales <br /> ($4,360,322)were down-$337,595 (-7.19%). Total liquor sales through May($27,985,773)were down <br /> -$900,449 (-.12%). <br /> 5. NC Statewide Report of Spirituous Liquor Sales (Attachment"Page 7"): <br /> i <br /> Orange County ABC Board moved to 14th position among 29 ABC boards reporting sales greater <br /> than one million dollars. Although the average of the top boards was a 1.91%increase in total sales,this <br /> member was skewed with the inclusion of Blue Ridge ABC (100%). Disregarding Blue Ridge,the <br /> average increase among the other top boards was 0.93%, which was consistent with the statewide j <br /> average of all boards: 0.96%. <br /> Statewide, store sales ($133,798,584) increased 2.22%while LBD/commercial sales <br /> ($36,070,829)were down-3.48%. <br /> The strength of the respective LBD markets accounted for an inconsistency in the sales variances <br /> among the top boards. In markets where LBD sales volumes remained steady (Mecklenburg,Durham, <br /> Johnston, Rowan etc.), the total variance percentage displayed an increase while other boards indicated <br /> sharp declines (Moore, Asheville, Catawba etc.). <br /> i <br /> Action Requested: <br /> 1. Consent Agenda Item. <br /> 2. Review and discuss as needed. <br /> i <br /> Financial Impact: See Above <br /> Staff Recommendations/Comments: None <br /> Page 2 of 7 pages <br />