Orange County NC Website
Browse       Search
ORANGE COUNTY ABC BOARD—AGENDA FORM <br /> Meeting Date: February 17,2026 Agenda Item #5 <br /> Regular Session X <br /> Presenter/Information Contact: Ron McCoy <br /> Subject: JANUARY 2026 Monthly Financial Reports <br /> Attachment(s): <br /> 1. Attachment"Comparative Statement of Net Position for JANUARY 2026/2025." <br /> 2. Attachment"Comparative Statement of Changes in Net Position for JANUARY 2026/2025." <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 /> Over the course of two successive weekends, snow/ice was a significant factor influencing sales <br /> for the month. Stores operated on modified opening/closing schedules and were closed on Monday, Jan. <br /> 26. Store 005 (Meadowmont) was also closed for three days of business due to floor repair/installation. <br /> Nevertheless,for the first time this fiscal year,retail sales for the month exceeded those in the same period <br /> in the previous year. <br /> 1. Comparative Statement of Net Position for JANUARY 2026 (Attachment "Page 3"): <br /> Total cash held by the Board in January was $3,657,698, up $298,774 (8.89%) from the previous <br /> year. Inventory ($4,664,333) was down significantly (-12.99%), due in part to a post-holiday decline in <br /> product ordered and an increase in sales, due to inclement weather. <br /> The decrease in inventory was also reflected in a decline in trade accounts payable (-$479,287, <br /> -32.32%). Tax and payroll liabilities ($835,028) were down-$65,143 (-7.24%). <br /> Year to date income (-$36,718) decreased -$184,465 (-124.85%) from last year. <br /> 2. Comparative Statement of Changes in Net Position for JANUARY 2026 to 2025 <br /> (Attachment "Page 411): <br /> Total retail sales ($1,875,481) were up $52,099 (2.86%), due to two weekend weather events. <br /> Likewise, LBD/commercial sales ($328,119) were down -$33,010 (414%) for the same reason. Gross j <br /> profit for the month($516,702) was down-$35,078 (-6.36%), due to increased costs (+$50,391) and taxes <br /> (+$15,313)related to increased sales. <br /> Total payroll expenses ($335,056) were up $1,308 (0.39%). Total operating expenses ($143,355) <br /> were up $3,012 (2.15%), due in part to increased building repairs (+$14,880) related to HVAC repairs at <br /> Store 003 (Chapel Hill North). <br /> Net profit for the month (before depreciation) was a loss of -$70,079, down -$40,052. After <br /> depreciation,the net loss for the month was-$110,771. Net income for the year(-$36,718)was a decrease <br /> _ of-$184,465 (424.85%). <br /> Page 1 of 7 pages <br /> I <br />