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<br /> ORANGE COUNTY ABC BOARD—AGENDA FORM
<br /> Meeting Date: October 21, 2025 Agenda Item 44
<br /> Regular Session X
<br /> Presenter/Information Contact: Ron McCoy
<br /> Subject: SEPTEMBER 2025 Monthly Financial Reports
<br /> Attachment(s):
<br /> Attachment"Sales Comparisons July to December(2020-2025)".
<br /> 1. Attachment "Comparative Statement of Net Position for SEPTEMBER 2025/2024."
<br /> 2. Attachment"Comparative Statement of Changes in Net Position for SEPTEMBER 2025/2024."
<br /> 3. Attachment"Budget to Actual Comparison FY 2026."
<br /> 4. Attachment"Comparative Statement of Monthly/Year-to-Date Retail Sales by Store."
<br /> 5. Attachment"NC Statewide Report of Spirituous Liquor Sales."
<br /> Brief Summary/Explanations:
<br /> Sales Comparisons July to December (2020-2025)" (Page 3):
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<br /> First Quarter Summary: With retail store sales of liquor ($1,847,372) down -3.27%,
<br /> LBD/commercial sales ($374,771) down -3.26%, and wine/barrel sales of$26 (-50%), FY 2025
<br /> posted the lowest September sales period ($2,222,143) since 2020. While sales for October 2025
<br /> have been brisk, sales have generally remained 34%below those of FY 2024.
<br /> 1. Comparative Statement of Net Position for September 2025 (Attachment"Page 4"):
<br /> Cash held by the Board in September totaled$3,775,244, up $162,365 (4.49%) from the
<br /> previous year. Inventory levels ($4,810,456) remained down(-330,694, -•6.43%), a cost-savings
<br /> measure also reflected in the decrease in accounts payable ($1,234,451, -$363,826, -22.76%).
<br /> The balance of the note payable on the Store 004 (Mebane) loan($2,148,290) declined
<br /> -$158,009 (-6.85%).
<br /> Year to date/first quarter income for the year(-$86,634) decreased -$27,237 (45.86%). j
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<br /> 2. Comparative Statement of Changes in Net Position for September 2025 to 2024
<br /> (Attachment"Page 5"):
<br /> Retail sales for September($1,847,372) decreased-$62,407 (-3.27%)while LBD sales
<br /> ($374,771) declined-$12,633 (-3.26%). Gross profit after cost of goods and taxes paid by the
<br /> Board was $535,132, down-$62,536 (40.46%).
<br /> Total payroll expenses ($296,008) were down-$16,592 (-5.31%), due primarily to
<br /> decreases in health insurance (-$5,713), retiree OPEB expenses (49,421) and NC 401k(-2,910). j
<br /> Total operating expenses ($133,867)were up $1,064, +0.80%). Increases in equipment
<br /> repairs (+$6,863) and service agreements (+$4,448)were offset by savings in credit card fees
<br /> (46,920) and utilities (42,618).
<br /> Income after depreciation was a loss of-$43,648, down-$45,427 from the previous year.
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