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ORANGE COUNTY ABC BOARD—AGENDA FORM
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<br /> Meeting Date: January 20,2026 Agenda Item #5
<br /> Regular Session X
<br /> Presenter/Information Contact: Ron McCoy
<br /> Subject: NOVEMBER 2025 Monthly Financial Reports
<br /> Attachment(s):
<br /> 1. Attachment"Comparative Statement of Net Position for NOVEMBER 2025/2024."
<br /> 2. Attachment"Comparative Statement of Changes in Net Position for NOVEMBER 2025/2024."
<br /> 3. Attachment"Comparative Statement of Monthly/Year-to-Date Retail Sales by Store."
<br /> 4. Attachment"NC Statewide Report of Spirituous Liquor Sales."
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<br /> Brief Summary/Explanations:
<br /> 1. Comparative Statement of Net Position for NOVEMBER 2025 (Attachment"Page 3"):
<br /> Total cash for the month ($3,943,058) was up $259,932 (7.06%) while current assets
<br /> ($7,589,453) was down -$123,086, due to a decline in prepaid expenses (-$105,790, -56.79%).
<br /> Inventory ($5,165,098) decreased slightly, down-$46,195 (-0.89%).
<br /> Accounts payable ($1,620,336) increased for the first time this year, up $38,506 (2.43%), due
<br /> to increases in inventory purchases made for the holiday season. Liabilities related to sales declined,
<br /> resulting in a decrease in taxes and other liabilities of-$95,479 (-8.64%).
<br /> Year to date income of-$125,336,was a decline of-$143,383 from the previous year.
<br /> 2. Comparative Statement of Changes in Net Position for NOVEMBER 2025 to 2024
<br /> (Attachment"Page 4"):
<br /> With one less day of business compared to the prior year,retail store sales ($2,213,387)were
<br /> down-$331,059 (-13.01%)while LBD/commercial sales ($385,597) were down -$25,862
<br /> (-6.291/1o). While sales-related expenses were down proportionately,gross profit of$657,470 was down
<br /> -$56,870 (7.96%) for the month.
<br /> Payroll-related expenses ($443,979) were down -$7,269 (-1.61%) from the same period last
<br /> year. Operational expenses ($130,044) were also down (-$8,163, -5.91%), a net savings of-$15,432
<br /> for the month.
<br /> The loss of gross profit,however,coupled with a decrease of-$3,562 in other income, savings
<br /> in statutory distributions of-$1,166 and an increase in profit distribution to the County, resulted in a
<br /> decrease in net income (465,764), down-$45,585 from the November 2024.
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