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i I ORANGE COUNTY ABC BOARD—AGENDA FORM i Meeting Date: September 23, 2025 Agenda Item#5 Regular Session X Presenter/Information Contact: Ron McCoy Subject: AUGUST 2025 Monthly Financial Reports Attachment(s): i Attachment"Sales Comparisons June to December(2020-2025)". 1. Attachment"Comparative Statement of Net Position for AUGUST 2025 and 2024". 2. Attachment"Comparative Statement of Changes in Net Position for AUGUST 2025 and 2024." 3. Attachment"Budget to Actual Comparison FY 2026." 4. Attachment"Comparative Statement of Monthly/Year-to-Date Retail Sales by Store." 5. Attachment"NC Statewide Report of Spirituous Liquor Sales." Brief Summary/Explanations: Sales Comparisons June to December(2020-2025)" (Pages 4-6) i Historically,the summer vacation season has been the lowest sales period of the year for the Orange County ABC Board. Years 2023-2024 clearly illustrate the sales decline from June to July. With the return of UNC students and the start of the ACC football season, September has generally been a time of increased sales. In examining the period of June-December for 2020-2025, this trend is born out for the years of 2021-23 with September sales ranging from $2,411,169- $2,597,362. The early days of the pandemic (2020)represent a September low of$2,047,904 while 2023 denotes the height of September sales ($2,597,362). Years 2024-25 have a curious peak sales period in August primarily due to calendarization: 2024 had five full weekends(Thurs-Sat)while 2025 had five Fri-Sat. weekends. With the current year charting similarly to 2024, it remains to be seen if 2025 will have a comparable"corrective"sales decline in September($2,297,183 in 2024)before the holiday rebound begins. The current year- 2025-has one extra day of business, however, so sales may improve. I 1. Comparative Statement of Net Position for August 2025 (Attachment"Page 711): i Total cash held by the Board in August($4,507,378)increased$664,832 (17.30%). This surplus was expected to decrease in September,however with increases in trade accounts payable, up $412,121 (28.89%). While inventory in August($4,799,448)was up just 0.69% ($32,922), inventory volume was projected to increase in preparation for the upcoming fall season. Calculated amounts for liabilities related to OPEB/pension and lease expenses were expected to change upon receiving the new schedule from the auditors (DMJPS). j Year-to-date income was a net loss of-$42,987, an increase of$18,189 (29.73%) over the loss of-$61,176 in the previous year. I Page 1 of 11 pages I