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ORANGE COUNTY ABC BOARD—AGENDA FORM
<br /> Meeting Date: August 19,2025 Agenda Item#7
<br /> Regular Session X
<br /> 2. Comparative Revenue,Expenses and Changes in Net Position for July 2025 to 2024
<br /> (Attachment"Page 411):
<br /> Retail/store sales in July($1,862,309)declined-$47,188 (-2.47%)while LBD/commercial
<br /> sales ($282,420)decreased-$23,974 (-7.82%). Wine/barrel sales ($339)increased by$242,
<br /> however,due to the sale of two barrels at Store 004.
<br /> Payroll-related expenses ($312,140) decreased-$17,945 (-5.44%) and total operating
<br /> expenses ($135,590) decreased-$554(-0.415%). While expenses for uniforms (44,950) and
<br /> training(-$2,931) declined sharply,utility expenses ($14,196)were up$4,492 at the peak of the j
<br /> summer season. Excess funds in cash over/short($999)were due to store change orders placed on j
<br /> the last day of the prior month but reimbursed in July.
<br /> Interest generated by investments in the NC Capital Management Trust was $3,652. Net
<br /> income before distributions was $89,601, a profit percentage of 4.18%. Distributions to law
<br /> enforcement and local community agencies (paid quarterly, expensed monthly)were$38,417,
<br /> down-$1,166 (-2.95%)while the distribution to Orange County($73,467)increased$3,467
<br /> (+4.95%).
<br /> After depreciation expenses,the net loss for the month (-$65,102)was a net profit
<br /> percentage of-3.03%.
<br /> i
<br /> 3. "Actual to Budget Comparison FY 2026" (Attachment"Page 5"):
<br /> With one month of the fiscal year passed, a benchmark of approximately 91.67% of allocated
<br /> funds should remain in the budget for the year ending 06/30/2026.
<br /> Total sales for the year to date were approximately 1.32% less than projected, although
<br /> investment income was nearly 3.84% above that projected.
<br /> Allocated funds for payroll and operating expenses were on target with payroll costs slightly
<br /> less than expected(0.72%) and operating expenses at 0.14%below those estimated.
<br /> 4. "Comparative Statement of Monthly/Year-to-Date Retail Sales by Store"
<br /> (Attachment"Page 611):
<br /> Total store sales decreased-$46,188 (-2.42%)while total cornmercial/LBD sales declined
<br /> -$23,974(-7.82%). Store 002/Ram's Plaza experienced the greatest decline in retail revenues
<br /> (417,592, -5.83%)while Store 005/Meadowmont saw the largest percentage decline(-10.01%,
<br /> $15,886). Store 007/Carrboro was down-$14,060 (4.60%).
<br /> Store 10/Oakdale enjoyed a substantial increase in sales,however,up $11,411 (+3.83%).
<br /> Store 6/Eno was also up(+$1,146,1.04%) as was Store 008/Southern Village(+$683, 1.01%)and
<br /> Store 4/Mebane(+$521, 0.19%).
<br /> As the primary Chapel Hill outlet, Store 002/Ram's Plaza(Chapel Hill) saw the largest
<br /> decline in LBD/commercial sales (-$33,494, -23.09%) followed by Store 010/Oakdale
<br /> (Hillsborough) (46,612, -11.60%). All other LBD outlets experienced a net sales increase of
<br /> $16,132.
<br /> The total number of bottles sold in Orange County(141,885) declined-2,999 (-2.07°/u).
<br /> Page 2 of 9 pages
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