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ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> Meeting Date: September 23,2025 Agenda Item# 4 <br /> Regular Session X <br /> Closed Session <br /> Presenter/Information Contact: Ron McCoy(Guests: Mason Barringer, Lorin Hartley) <br /> Subject: Audited Financial Statements for Fiscal Year 2025 <br /> Attachment(s): <br /> 1. Attachment: Auditor's Communication Letter(draft) <br /> 2. Attachment: Statement of Revenues,Expenses and Changes in Net Assets (2025) <br /> 3. Attachment: Draft Audit for Fiscal Year 2025 (sent separately) <br /> i <br /> Brief Summary/Explanations: <br /> The audit for the fiscal year ending 06/30/2025 was conducted by the auditing firm of <br /> Davenport, Marvin, Joyce, Price and Sprinkle (DMJPS) with Lorin Hartley as auditor and Mason <br /> Barringer as lead auditor. <br /> i <br /> i <br /> Highlights: <br /> • Working capital increased 1.10%over the prior year. <br /> • Approximately 14.2%of profits were expended for law enforcement in the current year. <br /> • Approximately 22.4% of profits were expended for alcohol education and rehabilitation <br /> in the current year. <br /> I <br /> Financial Analysis: <br /> • Assets exceeded liabilities by$13,888,704 in 2025 (78%in capital assets). <br /> • Net position decreased by 0.10% from 2024 (-$16,483), compared to a 3.3% increase <br /> between 2024 and 2023. <br /> • Total sales ($30,147,876) decreased-$1,163,468 (-3.70%). <br /> • Bottles sold in 2025 (1,934,205) decreased-62,145 (-3.11%) from 2024. <br /> • Notes payable ($2,345,007) decreased (-$157,057)-6.3% from the prior year. <br /> I <br /> i <br /> Action Requested: <br /> 1. Review and discuss as needed. <br /> 2. Motion to approve the audited financial statements as prepared. <br /> Financial Impact: See Above <br /> Staff Recommendations/Comments: See Above. <br /> Page 1 of 6 pages <br />