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ORANGE COUNTY ABC BOARD—AGENDA FORM Meeting Date: March 25,2025 Agenda Item #5 Regular Session X I 3. "Actual to Budget Comparison for FY 2025" (Attachment"Page 511) Although sales for the year continued downward,the trend was not unexpected. Budgeted sales for the year remained approximately 2.03%higher than anticipated. Budgeted payroll expenses held a surplus of approximately 4.32%while a balance of approximately 2.63% in allocated funds remained for operating expenses. Earnest money ($20,000) was wired to the Board attorney in preparation for the imminent purchase of property by the Board. i 4. "Comparative Statement of Monthly/Year-to-Date Retail Sales by Store" (Attachment "Page 611): Although overall monthly store sales were down sharply (-$210,492, -10.47°/u), Ram's Plaza (2) led all stores with sales of$320,874, followed closely by Carrboro (7) ($307,473). Total LBD sales were down -13.79%, despite increases at Mebane (4) ($4,970), Chapel Hill North (3) ($2,666) and Southern Village (8) ($1,987). 141,982 bottles were sold in February, down-12.92%. Year-to-date store sales of liquor($17,502,185)were down-1.81%while LBD/commercial sales to date ($3,071,820)were down -7.90%. f 5. NC Statewide Report of Spirituous Liquor Sales (Attachment"Page 711): Orange County ABC Board remained in 13th position among sales of all ABC boards for the fourth consecutive month. Of the 25 boards with sales greater than$1 million,monthly sales were down an average of-6.67%. Despite revenues of$133,108,410, statewide sales were down by an average of-6.59%,with store sales down -5.42%and LBD/commercial sales down-10.97%. i Action Requested: 1. Consent Agenda Item. 2. Review and discuss as needed. Financial Impact: See Above Staff Recommendations/Comments:None �I i I Page 2 of 7 pages