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I i ORANGE COUNTY ABC BOARD—AGENDA FORM I Meeting Date: August 19,2025 Agenda Item#6 Regular Session X Presenter/Information Contact: Ron McCoy i Subject: JUNE 2025 Monthly Financial Reports Attachment(s): 1. Attachment"Comparative Statement of Net Position for JUNE 2025 and 2024". 2, Attachment"Comparative Statement of Revenues,Expenses and Changes in Net Position for DUNE 2025 and 2024." 3. Attachment"Comparative Statement of Monthly/Year-to-Date Retail Sales by Store." 4. Attachment"NC Statewide Report of Spirituous Liquor Sales." i Brief Summary/Explanations: 1. Comparative Statement of Net Position (Attachment"Page 311): Total cash held by the Board($4,466,544) increased$386,893 (9.48%), due primarily to a decrease in purchases for inventory($3,663,767), down-9.32%. The decline in inventory was reflected in the decrease in liabilities for accounts payable ($768,372), down-$116,573 (-13.17%). Net income for year($28,155) decreased-$414,723 in response to increased payroll costs and a prolonged decline in sales, 2. Comparative Revenue,Expenses and Changes in Net Position 2025 to 2024 (Attachment"Page 411): i, Total sales in June 2025 ($2,158,570)decreased-$235,651 (-9.84%). While taxes and costs of sales decreased proportionately, gross profit for the month($523,158)decreased-$43,015 (-7.60%). Total payroll expenses ($294,565) decreased-$33,754 (-10.28%)while total operating expenses ($131,328)were up slightly(+$209,+0.16%).Professional expenses ($5,921) increased substantially, due primarily to expenses paid to Summit Design for preliminary engineering work on the imminent property purchase. Net income for the month(before depreciation)was a loss of-$8,783, a decrease of-$11,619 from the previous year. After depreciation,net income was -$51,602, a net percentage loss of -2.39%. I� Page 1 of 6 pages