|
Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of September,2022 and 2021
<br /> Attachment"A"
<br /> Assets
<br /> 2022 2921 Variance
<br /> Current Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Truist 943,414 4,028,619: (3,085,105)
<br /> Cash-Roxboro Savings 926,034 1,298,146: (372,112)
<br /> Cash-First Horizon 1,948,071 D. 1.948.071
<br /> Cash•Change Banks 15,700 15,600. 100
<br /> Total Cash&Cash Equivalents 3,833,219 5,342,265 (1,509,046)_ •28.26%
<br /> AccountsRecelvable 5,982 7,627 (1,845)
<br /> Prepaid Expenses 136,165 154,178 (18,013)
<br /> Security Deposits 20,736 20,736: -
<br /> Inventory 4,274,535. 3,190,936, 1.083.600 33.96%
<br /> Inventory(bags) 69,580 13,604; 45,956
<br /> LeaseAssel 2,053,336 1,222602' 830,734
<br /> 8,550,314 4,609,682 1.940,832
<br /> Total Current Assets 10.383,533 9.951,947�; 431,688
<br /> Property&Equipment
<br /> Land,Buildings&Improvements t0,149,392 10,149,391 1
<br /> Vehicles&Equipment 1,890,540 1,803.972, 26,668
<br /> Total Property&Equipment 12.039,932 12,013,363' 26,569 0,229'n
<br /> Less:Accumulated Depreciation (4,041,496) (3,6.12,717), (428,779)
<br /> Accumulated Leasa Amortization (275,626) 0 (276,626)
<br /> Net Property&Equipment 7,722,810 8,400,846' (677,836) -8.07%
<br /> Other Assets(Pension)
<br /> Deferred Outflow Asset(OPEB) -242,387 -293,174 50,787
<br /> Pension Dererrals/Nel Pension Asset 343,977 288.051 66,926
<br /> Deferred Outflows of Resources 201.166 164 232 36 034
<br /> 302,766 9,109 37 f
<br /> Construction In Progress(Southern Village) 33,310 0. 33.31D
<br /> Construction In Progress(Mebane) 1,906,855 120,D47. 1,786,608
<br /> Total Other Assets 1.940.165 120.D47i 1,820,11 E
<br /> Total Assets 20.349,264 19,83:1,749i 1,717.615
<br /> Liabilities and Equity
<br /> Current Liabilities
<br /> Accounts Payable
<br /> Trade 1,143,265 1,532,791s (389,526)
<br /> Other 171.348 85.201. 88,147
<br /> 1,314.613 1,617.092� (303,379) -18.75%
<br /> Excise Taxes 568,113 556,787; 11,326 2.03%
<br /> Other Taxes 155.199 148,440 6,759
<br /> Payroll Liabilities 45,943 4%434 (3,491)
<br /> Payroll Accruals 31,446 98,313: (66,667)
<br /> Accrued Interest(lease) 22,070 0, 22,070
<br /> 822.771 852,974 (30,203) -3.54%
<br /> Other Current Liabilities
<br /> Not Liability(OPEB) 546,056 630.611: (84,621)
<br /> Deferred Pension Liability 363,462 839,755 (476,293)
<br /> Deferred Inflows of Resources(Pension) 549,636 38,967 510,649
<br /> Lease Liability(current portion) 202,197 132.452 1 69,745
<br /> 1,661,351 1,641.871 .. 19,4BD 1.19'yo
<br /> Long Term Liabilities
<br /> Note Payable(First Horizon) 1,695.408 0 1.595,408
<br /> Note Payable(Oakdale) 0 1,826,311 (1,825,311)
<br /> Note Payable(Truist) 557,602 647,400' (89.798)
<br /> Long Tenn Debt Adjustment(lease) 130,624 104.934 (55,410)
<br /> Lease Liability(long tens pofdon) 1675.522 1,090,150 585.372 l
<br /> 3,968,055 3,757,795 210.281 5.60%
<br /> Distributlons
<br /> Payable to Law Enforcement 125 0 126
<br /> Payable to Educatlon 27,274 22,407 4,B67 i
<br /> Payable to County D -750 75D
<br /> Total Current/LT Liabilities 27,399 21,657 5,742 26.51%
<br /> Equity
<br /> Balance Beginning of the year 12,256,769 10,302,066, 1,953,912
<br /> Add Income(Loss)Year-to-Cate 296,308 43881 '138,298) -31.68%
<br /> Balance End of the Perlod 12,555,074 10,739,460 1,815,614 i
<br /> i
<br /> Total Liabilities&Equity 20,349,264 18,831,749, 1,717,615
<br /> 3
<br />
|