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ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> i <br /> Meeting Date: April 22,2025 Agenda Item #4 <br /> Regular Session X <br /> I <br /> I <br /> 3. "Actual to Budget Comparison for FY 2025" (Attachment"Page 5") <br /> I <br /> With one quarter of the fiscal year remaining(25%),sales revenues to date were approximately <br /> 2.88%below those anticipated. <br /> Payroll expenses continued below those expected with a budget surplus of approximately <br /> 5.88%remaining. Operating expenses to date were approximately -2.39%below those expected. <br /> Capital expenses for a new office computer ($2,955) will be added to the year-end budget <br /> amendment presented to the Board in June. <br /> 4. "Comparative Statement of Monthly/Year-to-Date Retail Sales by Store" <br /> (Attachment "Page 611): j <br /> Oakdale(10) experienced the greatest sales decline(461,020, -17.080/0), followed by <br /> Mebane (4) (-$41,830, -13.51%) and Chapel Hill North(3)(-$30,488, -11.50%).Ram's Plaza (2) <br /> faced the largest LBD decrease (-$27,300, -11.65%). Mebane had the greatest LBD increase <br /> ($8,192),followed by Meadowmont(5), up $5,103. Total bottles sold for the month (157,773) <br /> declined-7,433 (4.50%). <br /> Year-to-date retail sales were down-$526,163 (-2.63%)while total LBD sales declined <br /> -$276,949 (-7.38%). The number of retail bottles sold for the year was 1,466,027,down -46,333 (- <br /> 3.06%). LBD bottles for the year(137,909)were down -6,578 (4.55%). The decrease in bottles <br /> sold(irrespective of price) is a true indicator of declining sales volume. <br /> 5. NC Statewide Report of Spirituous Liquor Sales (Attachment"Page 711): <br /> Orange County ABC Board slipped to 14'h position as two additional boards joined the group <br /> of boards with sales exceeding $1 million. Of these boards,total liquor sales ($107,668,891)fell - <br /> $6,115,745 (-5.37%). Sales variances for all 173 boards saw retail sales ($150,200,022)decline - <br /> 6.30%while LBD sales were -5.83%below last year's revenues. <br /> Even as the usual "summer vacation" change in sales patterns begins to take effect after <br /> Mother's Day (graduation),the decreasing sales trend is expected to continue through the summer <br /> and into the Fall, The decline in sales revenue will adversely affect the Board's financial <br /> performance for the last quarter of FY 2025. The decrease will also be a paramount consideration in <br /> shaping the budget for the upcoming FY 2026. <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 /> I <br /> Page 2 of 7 pages <br /> it <br /> I <br />