BY DEBBIE PAGE

The Troutman ABC Board, represented by Store Manager Evelyn Coleman, reported to the Troutman Town Council on Thursday night that the store experienced a 6.24 percent increase in sales in 2024-2025 compared to the previous fiscal year.

Sales reached $3,539,274 compared to last year’s sales of $3,331,412, an increase of just under $208,000.

Troutman ABC Board Chair Layton Getsinger had projected a $209,282 in profit for 2024-2025, but the store exceeded expectations, earning a $421,666 profit.

“Overall, the ABC Commission statewide experienced a downturn in sales for the fourth quarter with a few exceptions,” said Coleman. “The Town of Troutman ABC Board was one of those exceptions. We experienced a sales increase of 3.47 percent over last year’s fourth-quarter.”

Coleman noted that sales in the fourth quarter were declining in Troutman as well, with April up 6.9% over April of last year, May up 2.8%, and June up only 1%.

The annual distributions for the 2024-2025 fiscal year included $49,723 to the Town of Troutman and $12,430.75 each to the town’s designated entities: the Troutman Friends of the Library, ESC Park, and the Troutman Parks and Recreation Department.

Troutman area Iredell-Statesville Schools (Troutman Elementary, Troutman Middle, South Iredell High, CATS) each received $3,107.69.

The Troutman Police Department received $18,012 for the law enforcement distribution. The Drug-Alcohol Coalition of Iredell County received $25,217 to provide alcohol education to Troutman and the surrounding area.

Coleman reported that the store has met its working capital goal of $642,855, the maximum allowed by the N.C. ABC Commission. The store has also saved $342,332 in a Special Capital Project Fund for a future store planned near the southern entrance of Flower House Loop on Highway 21.

The store’s total cash and inventory value sits at $985,187.