|
i
<br /> I
<br /> ORANGE COUNTY ABC BOARD—AGENDA FORM
<br /> �I
<br /> Meeting Date: September 23,2025 Agenda Item#5
<br /> Regular Session X
<br /> I
<br /> 2. Comparative Statement of Changes in Net Position for August 2025 to 2024
<br /> II
<br /> (Attachment"Page 8"):
<br /> i
<br /> Store sales ($2,087,111) decreased-$74,117 (-3.43%) over the previous year, although
<br /> LBD/commercial sales ($404,812) increased$31,507 (+8.44%). This was due in part to the
<br /> addition of two new Chapel Hill/Carrboro LBD customers, one new Hillsborough customer and
<br /> special events held at several venues. With relative sales expenses (taxes and cost of goods) down
<br /> proportionately to store sales, gross profit($659,528)was down, -$2,116 (-0.32%).
<br /> Total payroll expenses ($340,603) decreased-$3,045 (-0.89%). Operating expenses
<br /> ($150,150)were up $5,582 (3.86%), due primarily to increases in property fees (+$5,918),training
<br /> expenses (+$4,399) and professional expenses (+$6,323) including fees paid to Orange County
<br /> Planning/Inspections ($4,390) and Summit Engineering ($2,750) for approval of the new Northern
<br /> Orange County store site. Board expenses for the month($2,162) included conference fees and
<br /> related expenses.
<br /> Net income for the month(after depreciation) was$19,916, down-$3,062 (-13.33%).
<br /> 3. "Actual to Budget Comparison FY 2026" (Attachment"Page 911):
<br /> Budgeted revenues and expenses performed as expected through the first two months of the
<br /> fiscal year. Sales for the year to date ($4,637,030) were marginally above those projected through
<br /> August,up+1.51%. Payroll related expenses($652,743)were slightly below those expected,-0.75%.
<br /> Total operating expenses for the year($283,739)were also below anticipated, down-0.74%.
<br /> i
<br /> 4. "Comparative Statement of Monthly/Year-to-Date Retail Sales by Store"
<br /> (Attachment"Page 1011):
<br /> All retail store sales declined except for Store 004 (Mebane)which increased$5,233
<br /> (1.80%). Store 002 (Ram's Plaza)had the largest decline in revenues(-$30,088), followed by Store
<br /> 001 (Hillsborough)(-$18,213) and Store 005 (Meadowmont) (-$16,497). Store 001 also had the
<br /> largest percentage decrease (-10.81%).
<br /> Remarkably, LBD sales were up in August,with Store 007 (Carrboro) showing the greatest
<br /> increase (+$24,122, 31.52%), followed by Store 003 (Chapel Hill North) (+$10,779). LBD sales
<br /> for Store 002(Rams Plaza)decreased by-$7,289 (-3.57%), followed by Store 005 (Meadowmont),
<br /> down-$4,414 (-27.06%).
<br /> LBD sales increases were reflected in the number of LBD bottles sold(+2,891, +19.54%)
<br /> while the decline in the sales of mini-bottles (-3,174, -4.65%) and retail bottles (-767, -0.94%)were
<br /> indicative of decreased store sales.
<br /> Year-to-date store sales were down-$121,306 (-2.98%)while LBD sales for the year were
<br /> up $7,534 (1.11%).
<br /> i
<br /> Page 2 of 11 pages
<br />
|