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<br /> Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Not Position
<br /> As of January 2024 and 2023
<br /> Attachment"A"
<br /> Assets
<br /> 2024 2023 Variance
<br /> Currant Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Twist 946,001 1,017,282'. (71,281)
<br /> Cash-Roxboro Savings 221,772 804,046'. (583,174)
<br /> Cash-First HadZen 2,183,669 1,979,073 204.598
<br /> Cash-Change Banks 16,799 ^ 17,800. . (1,001)
<br /> Total Cash&Cash Equivalents 3,368,241. 3,819.101" (460,860) -11.81%
<br /> Accounts Receivable 3,563 2,716 847
<br /> Prepaid Expenses 397,671 182,704'. 214,967
<br /> Olsblbutlons(prepaid) 205,439 0. 205,439
<br /> Securily Depostis 20,736 20,736', -
<br /> Invenlory - 4,453,611 3,969,926'. 483,685 12.18%
<br /> Inventory(bags) 49,601. 86,808'. (37,207)
<br /> Lease Asset 2,112,828 2,053,336- 59,492
<br /> 7,243A49. 6,316,226. 927,223
<br /> Total Current Assets 10,811:890 70,135,327. 476,363
<br /> Property&Equipment
<br /> Land,Buildings&Improvements 13,178,936 10,1648W 3,014,071
<br /> Vehicles&Equipment 2 186.691 2.014.881'. 173,817
<br /> Total Propetly&Equipment 15,387;634. 12,179,746 3,187,886
<br /> Less:Accumulated Depreciation (4,322,364) (4,177,667)'.. (144,707)
<br /> Accumulated Lease Amortization (588,197) (366,896) (231,301)
<br /> Net Property&Equipment 10,457.073 7,645,1931 2.811,880
<br /> Other Masts(Pension)
<br /> Deferred OuHlow Asset(OPEB) (185,678) (242,387) 66,709
<br /> Pension DeferrelslNet Pension Asset 677,608 343,977 333,631
<br /> Deferred Curb.of Resources 254.658 201.166 63.393
<br /> 748,489 3D2;756 443,733
<br /> Construction in Progress(Mebane) 0 2,743 039 (2,743,039)
<br /> Total Other Assets 0 2,743,039� (2,743,039)
<br /> I. Total Assets 21,815,252 20,826,315. 988,937
<br /> Liabilities and Equity
<br /> Current Liabilities
<br /> Accounts Payable
<br /> Trade 764,022 963,656 (199,633) -20,72%
<br /> Other 91,793 98.564' (6,761)
<br /> 856,816 1,062,209' (206.394)
<br /> Excise Taxes 512,372 506,864' 5,608
<br /> Other Taxes 134,234 129,541' 4,693
<br /> Payroll Llabifiies 82,145 81,067 1,078
<br /> Payroll Accruals 117.633 96,163". 22,480
<br /> Accrued Interest(lease) 3,342'. 24,302'. (21,050)
<br /> 849726 837017'. 12,709
<br /> Other Current Liabilities
<br /> Net Liabilily(OPER) 445,718 540,0561 (100,338)
<br /> Deferred Pension Liability 1.413,742 363.462' 1,050,280
<br /> Deferred Inflows of Reseuress(Pension) 19.721 649,636 (629,915)
<br /> Lease Liability(whom portion) 233.718 211,168 23,660
<br /> 2,112,89B 1,669,312 443,687
<br /> Long Term Llabllltles
<br /> Note Payable(First Horizon) 2,412,164 2,463,266' (51,112)
<br /> Long Term Debt Adlustmenvaudltor 50,409
<br /> Long Term Debt Adjustment irmse) 164,002 41.334 112,668
<br /> Lease Liability(long term portion) 1,442169 1,600.438, (158,279)
<br /> 4,008,315 4,054,629' (46,314)
<br /> Distributions
<br /> Payable to Law Enforcement 0 (500.00). 500
<br /> Payable to Education 0. 38.066,00 (38,066)
<br /> Payable to County 0 68,338.00 (58 333)
<br /> Total Curreni Liabilities 0 96,889 (95,889)
<br /> Equity
<br /> Balance Beginning of the year 13,462,308 12,266,768 1,206,540
<br /> Add Income(Loss)Year-to-Date 626,189 860,491 (324.302) -38.13%
<br /> Balance End of the Period 13,988,497 13,107259. 831,238
<br /> Total Llabllltles&Equity 21,815 262 20,826.316 988,937
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