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Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of November,2023 and 2022
<br /> Attachment"A"
<br /> Assets
<br /> 2023 2022 Variance
<br /> Cument Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Tmisl 794,108. 723.376 70,732
<br /> Cash-Roxboro Savings 389,884 874,161' (484,297)
<br /> Cash-First Horizon 2,808,505. 1.876,198'. 932,309
<br /> Cash-Change Banks 18,000 18,683, (583)
<br /> Total Cash&Cash Equivalents 4,010,477. 3,492,316, 518.161
<br /> Accounts Receivable 788 2.718. (1,928)
<br /> Prepaid Expenses 184,650 127,279. 57,371
<br /> Distributions(prepaid) 103,136 0' 103,136
<br /> Security Deposits 20,736 20,736
<br /> Inventory 5,226,688 4,718,332: 507,256
<br /> Inventory(bags) 64,008 48,3861 15,621
<br /> Lease Asset 2,112,828 2;063,336' 59,492
<br /> 7,711,732' 6,970,794 740,948
<br /> Total Current Assets 11,722,2091 10,463,100, 1,269.109
<br /> Property&Equipment
<br /> Land,Buildings&Improvements 13.131,027 10,164,865! 2,986,162
<br /> Verdes&Equipment 2,182,427 1949,276; 233,152
<br /> Total Property&Equipment 15,313,464 12,114,140! 3,199,314
<br /> Less:Accumulated Depreciation (4,260,157) (4,108.274)I. (141,883)
<br /> Accumulated Lease Amortization (548,944) (315,882) (233,062)
<br /> Net Property&Equipment 10,614,363 71689,984'.i 2,824,369
<br /> Other Assets(Pension)
<br /> Deferred Outflow Asset(OPEB) (185,678). (242,387)I, 66,709
<br /> Pension Deferrals/Nat Pension Asset 677,608 343.977 333,631
<br /> Deferred Outflows of Resources 254,659 201.166 53,393
<br /> 746,489 302.756 443,733
<br /> Construction In Progress(Mebane) 0. 21537193' (21537,193)
<br /> Total Other Assets 0 2,W 19T (2,537,193)
<br /> Total Assets 22,983,061 20,99J,033'- 1,990,018
<br /> Liabilities and Equity
<br /> Current Liabilities
<br /> Accounts Payable
<br /> Trade 1,767,939 1,582,663'. 185,276
<br /> Other 131,420'. 125,543'' 5,877
<br /> 1,899,359' 1,708,206'. 191,163
<br /> Excise Taxes 066,456 636,973' 30,483
<br /> Other Taxes 178,721 130,998'.. 7,723
<br /> Payroll Liabilities 101,920 63,338 38,582
<br /> Payroll Accruals 85,656 66,345'. 29,310
<br /> Accrued Interest(lease) 3,416 24,465. (21,049)
<br /> 1,036,168 951,119: 86,049
<br /> Other Current Liabilities
<br /> Net Liability(OPEB) 445,718 546,066. (100,338)
<br /> Deferred Pension Liability 1,413,742 363,462 1.050,280
<br /> Deferred Inflows of Resources(Pension) 19,721 549,636 (629,916)
<br /> Lease Liability(cuff ant portion) 232,477 206,948 23,529
<br /> 2,111,658. 1,065,102 443,556
<br /> Long Term Liabilities
<br /> Note Payable(First Horizon) 2,437.792 2,212,383 225,409
<br /> Long Term Debt Adjustment(lease) 164.002 41,334. 112,688
<br /> Lease Liability(long ten potion) 1,480,723. 1,638,003'. (157,370)
<br /> 4,072,617 3,891,810'. 180,707
<br /> Distributions
<br /> Payable to Law Enforcement 0 (14,000.00). 14,000
<br /> Payable to Education 0 23,685.00 (23,585)
<br /> Payable to County 0 (58;334.00)'. 68,334
<br /> Total CurrenbLT Liabilities 0 (48,749)I 48,749
<br /> Equity
<br /> Balance Beginning of the year 13,402,308 12.256,7681 1,205,540
<br /> Add Income(Loss)Year-to-Data 401,041 606,7771 (164,736)
<br /> Balance End of the Period 13,863,349 12,622,545' 1.040,804
<br /> Total Liabilities&Equity 22.983,061 20,883.033'. 1.990.018
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