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ORANGE COUNTY ABC BOARD—AGENDA FORM
<br /> Meeting Date: January 20,2026 Agenda Item #6
<br /> Regular Session X
<br /> i
<br /> Presenter/Information Contact: Ron McCoy
<br /> Subject: DECEMBER 2025 Monthly Financial Reports
<br /> Attachment(s):
<br /> 1. Attachment"Comparative Statement of Net Position for DECEMBER 2025/2024."
<br /> 2. Attachment"Comparative Statement of Changes in Net Position for DECEMBER 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 /> 1. Comparative Statement of Net Position for DECEMBER 2025 (Attachment"Page 3"):
<br /> As of 12/31/2025,total cash held by the Board was $4,571,163, down slightly(-1.56%,
<br /> -$72,278). Total remaining inventory ($5,003,869)was up marginally, (+$47,471, 0.960/0) from the
<br /> previous year. At end of the calendar-year,total current assets($11,994,713)were up $100,971
<br /> (0.851/o), while property and equipment assets ($9,499,956)were down-$723,868 (-7.08%, due
<br /> primarily to depreciation) and pension assets ($892,282)were down -$4,613 (-0.51%).
<br /> Total accounts payable ($1,661,368)were down-$24,288 (-1.44%)due to decreased
<br /> inventory purchases. Tax and payroll liabilities ($1,212,501)were down -$71,654 (-5.58%) from
<br /> the previous year, due to the decline in sales.
<br /> Year to date income ($65,905) decreased -$154,574 (-70.11%) from last year.
<br /> 2. Comparative Statement of Changes in Net Position for DECEMBER 2025 to 2024
<br /> (Attachment"Page 411):
<br /> Despite an additional day of business and a busy holiday season, total monthly liquor sales
<br /> of$3,308,979 were a net decline of-$184,560 (-5.28%) from 2024. With a decrease in tax expenses
<br /> and purchase costs tied to sales, gross profit ($807,874) was down just -2.70% (-$22,377), due to
<br /> modest savings in cost of goods(approximately -1.05%). (Note: fortified wine sales are now finished
<br /> with the last wine inventory sold in December).
<br /> Payroll related expenses ($314,608) were down -$17,203 (-5.18%). Total operational
<br /> expenses($152,756)were up$7,126,due to increases in store supplies/expenses(+$12,596)(Loomis,
<br /> Town of Chapel Hill, bags) and rent (+$2,040, end-of-the-year CAM/"common area maintenance
<br /> expenses) coupled with savings in credit card fees (-$9,824).
<br /> Net profit for the month(after depreciation)was $191,241, down -$11,190 (-5.53%).
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