Minutes of the Pittsboro ABC Meeting May 22, 2025 Location: 70 Sanford Rd Pittsboro, NC 27312 Chair Jamie Fiocco called the meeting to order at 5:30pm. Jamie Fiocco - Phone-in Emmett Davenport Present Larry Piezzo Absent C.P. Stewart - Present Jonathan Franklin - Present GM Scott Cox - Present Comm. James Vose - Absent FO Faye Ward - Present Conflicts of Interest: AlL Board Members declared they had no conflict of interest related to the agenda of the meeting. Approval of the Minutes: On a motion by Jonathan Franklin, second by Emmett Davenport, the Board unanimously approved the April 24 Minutes of the ABC Board. Report of the Finance Officer, Faye Ward: FO Faye Ward reported finances and expenses for the Pittsboro ABC Stores. FO Faye Ward presented a consolidated budget for Fiscal Year 2025-2026. On a motion by Emeett Davenport, second by Jonathan Franklin, the Board unanimously approved this Preliminary Budget for Fiscal Year 2025-2026 with discussed changes. Report of the General Manager, Scott Cox: GM Scott Cox presented sales and rankings in the State of North Carolina and on operations at Store #1 in downtown Pittsboro. GM Scott Cox reported on the sales of Store #2 at Northwood Landing and updated the Board on the state of its affairs. Next Meeting: Thursday June 26, 2025, at 5:30 PM at 70 Sanford Road in Pittsboro. Adjourn: On a motion by Emmett Davenport, second by Jonathan Franklin, the Board unanimously approved the motion to adjourn. am 1