Minutes ofthe Pittsboro ABC Meeting January 23, 2025 Location: 70 Sanford Rd Pittsboro, NC 27312 Chair Jamie Fiocco called the meeting to order at 5:30pm. Jamie Fiocco Present Emmett Davenport - Present Larry Piezzo - Present C.P. Stewart - Present Jonathan Franklin - Present GM Scott Cox - Present Comm. James Vose Present FO Faye Ward - Present Chair Jamie Fiocco opened the meeting at 5:30pm. 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, seconded by Emmett Davenport, the Board unanimously approved the minutes of the October 24, 2024, meeting and the December 3, 2024, meeting. Report of the Finance Officer, Faye Ward: FO Faye Ward reported finances and expenses fori the Pittsboro ABC Store. FO Faye Ward informed the Board that the cost for the yearly audit with the current firm has increased approximately $1500. The Board intends to continue with the current firm. FO Faye Ward and Chair Jamie Fiocco reported that this is the largest Quarterly Distribution from Operations that the Pittsboro ABC Board has ever been able to distribute. Report of the General Manager, Scott Cox, Downtown Store #1: GM Scott Cox presented sales and rankings in the State of North Carolina and reported he has received the needed law enforcement reports. GM Scott Cox announced that he has purchased a van for the ABC Stores, a purchase previously authorized by the Board. He has also purchased a laptop for the Finance Officer and the Software required for ABC operations. Report of the General Manager, Scott Cox, Northwood Landing Store #2: GM Scott Cox announced he has received all the permits required for Store #2 and construction will commence within the next week. Report of the General Manager, Scott Cox, GM Absence: GM Scott Cox will be working remotely for the next two weeks. Report of the General Manager, Scott Cox, Credit Card Limit Increase: GM Scott Cox presented the Board with an increase request for the Store credit card to $5,000. Board Topics and Concerns: Chair Jamie Fiocco discussed the current expiration dates for the current Board members and recommended staggering these expirations by year, with each term expiring at the end of the year pending State and Town approval. 1 Minutes of the Pittsboro ABC Meeting January 23, 2025 Location: 70 Sanford Rd Pittsboro, NC 27312 On a motion by Larry Piezzo, seconded by Emmett Davenport, the Board approved staggering the expiration of the current seats on a regular cycle with each three-year term expiring on December 31 of the year, pending State and Town approval. Chair Jamie Fiocco informed the Board that the ABC Board is not an advisory panel and would like the Town of Pittsboro to change that label on the website. Next Meeting: Tuesday, February 27, 2025, at 5:30 PM at 70 Sanford Road in Pittsboro. Adjourn: On a motion by Jonathan Franklin, seconded by Emmett Davenport, the Board unanimously approved the motion to adjourn. NSA 2