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Orange County Alcoholic Beverage Control Board
<br /> I Comparative Statement of Net Position
<br /> As of March 2024 and 2023
<br /> Attachment"A"
<br /> Assets
<br /> 20M 2023 Variance
<br /> Current Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Trulst 1,133,743. 001,545. 332,198
<br /> Cash-Roxboro Savings 116,965 790.921 (673,956)
<br /> Cash-First Horizon 2,781,026' 2,533,627'. 247,390
<br /> Cash-Change Banks 19,715 18.000. 1,716
<br /> Total Cash&Cash Equivalents 4,051,449 4,144,093. (92,644) .2.24%
<br /> Accounts Receivable 788 1,416' (628)
<br /> Prepaid Expenses 243,525 188,769''.. 54,760
<br /> Distributions(prepaid) -2,600 0.. (2,600)
<br /> Security Deposits 20,736 20.736,
<br /> Inventory 4,740,117 4,167,239' 672,870 13.75%
<br /> Inventory(bags) 45.230 71,343. (26,113)
<br /> Lease Aasat 2,112,828 2,063,336, 59,492
<br /> 7,160,724'.. 6,502,829 657,895
<br /> Total Current Assets 11,212,173, 10646.922'. 665,251
<br /> Property&Equipment
<br /> Land,Buildings&Improvements 13,178,936' %164,865: 3.014.071
<br /> Vehicles&Equipment 2,423,646 2,016,971'. 406,675
<br /> Total Properly&Equipment 15,602,582 12,161,836' 3,420,746
<br /> Less:Accumulated Depreciation (4,39B879) (4,247,075) (151,804)
<br /> Accumulated Lease Amortization (827,461) (397910) (229,641)
<br /> Net Progeny&Equipment 19576,252 7,536.851'. 3,039,401
<br /> Other Assets(Pension)
<br /> Deferred Outflow Asset(OPEB) (185,678) .242,387' 56,709
<br /> Pension Deferrals/Net Pension Asset 677,608 343,977 333,631
<br /> Deferred Outflows of Resauroes 254,659 201,166 53.393
<br /> 746,489 302,706 443,733
<br /> Consimctlon In Progress(Mebane) 0 2;946,294 (2,946,2941)
<br /> Total Other Assets 0 2,946294 (2,946,294)
<br /> Total Assets 22;534,914 21,431,623, 1,103,091
<br /> Liabilities and Equity
<br /> Current Liabilities
<br /> Accounts Payable
<br /> Trade 1.340,199 1231,096'. 109,103 8.88%
<br /> Other 122,275'. 111.680 10,695
<br /> 1.462,474 1.342,676' 119,798
<br /> Excise Taxes 698,368 699,103' (735)
<br /> Other Taxes 1SS136' 153,023'. 5,113
<br /> Payroll Liabilities 194,045, 99,744'. 94,301
<br /> Payroll Accmgis 44,125 32,665, 11,470
<br /> Accrued Interest(lease) 3,267 24,319- (21,052)
<br /> 997,941 908,844', 89.097 9.80%
<br /> Other Current Liabilities
<br /> Net Liability(OPEB) 446,718 646.066 (100,338)
<br /> Deferred Pension Liability 1,413,742. 363,462 1,060,280
<br /> Defamed Inflows of Rescumes(Pension) 19,721 f4 ,636 (529,916)
<br /> Lease Liability(current portion) 234,964 211.373 23,591
<br /> 2.114,145 1,670,627' 443,618 26.56%
<br /> Long Term Liabilities
<br /> Note Payable(First Horizon) 2,386,783 2,625,384' (238,681)
<br /> Long Term Debt Ad(ustmenthaditor 0 50,409.
<br /> Long Term Debt Ad(ustment(lease) 154,002 41,334'. 112,668
<br /> Lease Liability(long term pardon) 1,403,440 iS62,833'. (159,193)
<br /> 3,944,225 4,_178 9_, 22 (234,697) -5.62%
<br /> Distributions
<br /> Payable to Law Enforcement 0 0 Payable to Education 0 23,882' (23.882)
<br /> Payable to County 0 0
<br /> Total CurrengLT Llablittli 0 23,882 (23,882)
<br /> Equity
<br /> Balance Beginning of the year 13,462,308 12.266,768' 1,205.640
<br /> Add Income(Less)Year4mDate 653.821 1,050,204'. (496,383) 47.27%
<br /> Balance End of the Period 14.016.129 13,306.972' 709,157
<br /> Total Liabilities&Equity 22,634,014 21.491,823� 1.103.091
<br /> 3
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