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<br /> Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of April 2024 and 2023
<br /> Attachment"A"
<br /> Assets
<br /> 2024 2023 Variance
<br /> Current Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Trulsl 1,227,396 734,253. 493,143
<br /> Cash-Roxboro Savings 117,072 689,004. (671,932)
<br /> Cash-Flret Horizon 2,419,337 2,847,689, (428,262)
<br /> Cash-Change Banks 18.000 16,000'.
<br /> Total Cash&Cash Equivalents 3,781.806 4.268,846' (607.041) -11.82%
<br /> Accounts Receivable 2,598 0 2,598
<br /> Prepaid Expenses 226,713 180;816' 45,897 25.38%
<br /> Distributions(Prepaid) 207,939 0' 207,939
<br /> Security Deposits 20,736 20,736'. -
<br /> Inventory 4,510,999. 4,303,083. 207,916
<br /> Inventory(bags) 45,235 67,108: (21,873)
<br /> Lease Asset 2,112828. 2,053.336' 69,492 2.90%
<br /> 7,127,048. 6,625,079i 601,960
<br /> Total Current As sets 10,908 858 10,913,925 (5,072)
<br /> Property&Equipment
<br /> Land,Buildings&Improvements 13,178,937 10,164,865' 3,014,072
<br /> Vehicles&Equipment 2.131.909 1,214,2111 217.698
<br /> Total Property&Equipment 16,615,846 12,379;076: 3,231,770
<br /> Less:Accumulated Depreciation (4,439,113) (4,285,089)I. (164,024)
<br /> Accumulated Leese Amortization (647,077) 418.41]' (228,660)
<br /> Net Property&Equipment 10,524,656 7,675,570, 2,849,086
<br /> Other Assets(Pension)
<br /> Deferred Outflow Asset(OPES) (185,678) (242,387);! 56.709
<br /> Pension Deferrals/Net Pension Asset 677,608 343,977: 333,631
<br /> Deferred OutOews of Resources 264.669 201.166 53393
<br /> 746489 - 302:760 443:733
<br /> Construction In Progress(Mebane) 0' 2878306 (2,878.306)
<br /> Total Other Assets 0 2:678,308'. _(2,878,306)
<br /> Total Assets 22,179,986 21,770,557: 409,441
<br /> Liabilities and Equity
<br /> Current Liabilities
<br /> Accounts Payable
<br /> Trade 1,080,886 1,398,863, (307,967) -22.02%
<br /> Other - 116.676 119.023'. (3,247)
<br /> 1,207,562: 1:,518,778'. (311,214) -20.49%
<br /> Excise Taxes 686,433u 582,046'. 3,487
<br /> Other Taxes 149,546' 149,318' 168
<br /> Payroll Liabilities 174,286 155,194: 19,002
<br /> Payroll Accruals 62,566 41,873' 20,683
<br /> Accrued Internet(lease) 3.229 24,282', (21,053)
<br /> 878,050 963,673 22,377 2.35%
<br /> Other Current Liabilities -
<br /> NotLiability(DPEB) 445,718 646,056' (100,338)
<br /> Deferred Pension Liability 1,413,742 303,462' 1,050,280
<br /> Deferred Inflows of Resources(Pension) 19,721 649,636: (629,916)
<br /> Lease Liability(currant portion) 235.589. 211.981'.. 23,608
<br /> 2114,770 1,671,136 443,635
<br /> Long Term Liabilities
<br /> Note Payable(First He"lon) 2,373,717 2,640,930'. (267,213)
<br /> Long Term Debt Adjustmentlauditor 0 -50,408 50,408
<br /> Long Term Debt Adjustmenl(lease) 154,002 41,334:. 112,668
<br /> Lease Liability(long Tenn portion) 1.384,022 1,543,712 (169,690)
<br /> 3,011 741 4.175,5681 (263,827)
<br /> Distributions
<br /> Payable to Law Enforcement 0 (600)'. 600
<br /> Payable to Education 0 36,864 (36,884)
<br /> Payable to County 0 58.333 (68,333)
<br /> Total CurreWLT Liabilities 0 93,71 T. (93,717)
<br /> Equity
<br /> Balance Beginning of the year 13,462,308. 12,266,768&, 1,205,640
<br /> Add loWns.(LOSS)Year46Date 607,567 1,100.920' (593,363) -53.90%
<br /> Balance End of the Period 13.969875 13,367688' 612,187
<br /> Total Liabilities&Equity 22.179,998 21.]70.55T' 409,441
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