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Accountant reports May operating loss of $7,877; liquor costs rose sharply ahead of July 4 stocking
Summary
The accountant reported a May loss of $7,877 and said liquor purchases totaled $89,759; total liquor cost for May 2026 was $79,987 compared with $44,746 in May 2025, attributed to heavy purchasing ahead of the July 4 weekend and inventory timing.
Accountant Rhonda Cook presented May financials showing an operating loss of $7,877. She said liquor purchases for the month totaled $89,759 (not counting mixed drinks) and recorded total liquor cost at $79,987 for May 2026, compared with $44,746 for May 2025 — an increase Cook attributed to bulk purchasing in advance of the July 4 weekend and inventory timing choices.
Cook explained the inventory-adjustment process: invoices are entered into inventory, Patricia submits sales and end-of-month inventory figures, and accounts-payable processing is adjusted so some May invoices will not be paid until July 1 to manage cash flow. The board discussed the inventory sitting in the back room and recent efforts to reduce older stock.
