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Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of June,2022 and 2021
<br /> Attachment"A"
<br /> Assets
<br /> 2022 2021 Variance
<br /> Current Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Truist 2,818,685 4,430,674 (1,611,989)
<br /> Cash-Roxboro Savings 980,728 108,724 872,004
<br /> Cash-Change Banks 15.700 18,907 (3.207)
<br /> Total Cash&Cash Equivalents 3.815,113 4.558,305 (743.192) -16.30%
<br /> Accounts Receivable 19,299 4.099 15,200
<br /> Prepaid Expenses 95,468 113,793 (18,325)
<br /> Security Deposits 20.736 20,736 -
<br /> Inventory 4,023,560 3.103,532 920.028 29.64%
<br /> Inventory(bags) 33.221 19,078 14,143
<br /> Lease Asset 3.275,938 1222 W12 2.053,336
<br /> 7,468,222 4,483,840 2,984,382
<br /> Total Current Assets 11,283,335 9,042.145 2.241.190
<br /> Property&Equipment
<br /> Land,Buildings&Improvements 10.140,301 10,149,391 -
<br /> Vehicles&Equipment 1,082,011 1,863,973 18,030
<br /> Total Property&Equipment 12.031,402 12.013.364 18,038
<br /> Less:Accumulated Depreciation (3,944,075) (3,502,764) (441,311)
<br /> Accumulated Lease Amortizalian (154,591) 0 (154,591)
<br /> Net Property&Equipment 7,932,736 8,510,600 (577,864)
<br /> Other Assets(Pension)
<br /> Deferred Outflow Asset(OPEB) -242.387 180,429 (422.818)
<br /> Pension Deferrals/Net Pension Asset 343,977 288,051 55.926
<br /> Deferred Outflows of Resources 201,166 164 32 36.934
<br /> 302,756 632,712 (329.956)
<br /> Construction in Progress(Southern Village) 25.438 0 25,436
<br /> Construction In Progress(Mebane) 1,744,540 72.988 1,671,552
<br /> Tatal Other Assets 1,769,976 72.988 1.696.988
<br /> Total Assets 21,288,803 18,268,44ii 3.030,358
<br /> Liabilities and Equity
<br /> Current Liabilities
<br /> Accounts Payable
<br /> Trade 1,279,490 1,176,224 1D3,266 6.78%
<br /> Other 112,872 88.497 24,375 27
<br /> 1,392,362 1264,721 127.641 10.09%
<br /> Excise Taxes 538,342 520,708 17,634
<br /> Other Taxes 140.022 140,931 (909)
<br /> Payroll Liabilities 54,315 60.422 (6,107)
<br /> Payroll Accruals 65,088 _ 47,595 17,491
<br /> 797,766 769,656 28.109 3.65%
<br /> Other Current Liabilities
<br /> Net Liability(OPEB) 546,056 1.282,393 (706.337)
<br /> Deferred Pension Liability 363,462 839,755 (476.293)
<br /> Defamed Inflows of Resources(Pension) 549,636 38,987 510,649
<br /> Lease Liability(currant portion) 314,119 132.452 181,667
<br /> 1,773,273 2,263.587 (490,314)
<br /> Long Term Llabllkles
<br /> Note Payable(RSBAand) 0 0 -
<br /> Note Payable(RSBIOakdale) 0 1,960,498 (1,950.498)
<br /> Note Payable(BB&T) 668,735 755,090 (65,355)
<br /> Note Payable(First Horizon) 1,499,664 0 1,499,664
<br /> Lease Liability(long term portion) 2.821.337 1.090.15D 1.731.187
<br /> 4,989,738 3,805,738 1,183,998 31A1%
<br /> Distributions
<br /> Payable to Law Enforcement 0 0 -
<br /> Payable l0 Education 0 0 -
<br /> Payable to County 0 0
<br /> Total CurrentlLT Liabilities 0 0
<br /> Equity
<br /> Balance Beginning of the year i0,154,743 8,840,192 1,314,551
<br /> Add Income(Loss)Year•lo-Date 2,180,924 _1,314,551 866.373 65.91%
<br /> Balance End of the Period 12,335,667 10,154,743 2,180,924
<br /> Total Liabilities&Equity 21,288,803 19268,446 3,030,358
<br /> 3
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