Orange County NC Website
Browse       Search
i <br /> ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> Meeting Date: February 18,2025 Agenda Item #5 <br /> Regular Session X <br /> 3. "Actual to Budget Comparison for FY 2025" (Attachment"Page 5") <br /> With five months remaining in the fiscal year, approximately 41.67%of allocated funds <br /> should remain in the budget. Sales to date performed as expected while total payroll expenses <br /> (44.54%)had a surplus of approximately 2.87% and total operating expenses (43.33%) exceeded <br /> those anticipated by approximately 1.66%. <br /> Working capital retained/change in net position (less depreciation, a non-budgetary item) <br /> (22.21/o)was approximately-19.47% less than expected, due primarily to increases in payroll <br /> expenses, costs of sales (liquor purchases) and taxes. <br /> 4. "Comparative Statement o _ <br /> P f Monthly/Year-to Date Retail Sales by Store" <br /> (Attachment"Page 6 <br /> » <br /> ). <br /> Carrboro (store 7) led all stores with retail sales of$317,193. Oakdale (10) experienced the <br /> greatest decrease in store sales (-$14,638, -5.38%), although Meadowmont(5) experienced the largest <br /> percentage decrease(-9.33%, $14,379). Eno (6) was up $7,771 (7.47%), followed by Mebane <br /> (+$5,918, 2.49%),Rams Plaza(2) (+5,652, 1.82%)and Hillsborough (1) (+$2,784, 1.99%). <br /> Ram's Plaza's(2)LBD sales decreased (-$31,266, -14.661/o)while Carrboro (7) increased <br /> $13,217(18.81%). <br /> Total bottles sold (146,460) increased by 2,732 (1.90%), with increases in retail sales (8,355) <br /> and LBD sales (1,080)while "mini" bottles decreased -6,703 (-9.71%). <br /> 5. NC Statewide Report of Spirituous Liquor Sales (Attachment"Page 7): <br /> For the third consecutive month, Orange County ABC Board remained in 13'1'position among <br /> sales of all ABC boards. Sales of the top performing boards totaled $89,876,821, down -0.46%. Sales <br /> of all boards ($129,940,688) increased slightly 0.21%,with retail sales up 1.35%and LBD sales <br /> down -4.19%. <br /> i <br /> Action Requested: <br /> 1. Consent Agenda Item. <br /> 2. Review and discuss as needed. <br /> Financial Impact: See Above <br /> Staff Recommendations/Comments:None <br /> Page 2 of 7 pages <br /> I <br />