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Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of June 2024 and 2023
<br /> Attachment"A'
<br /> Assets
<br /> 2024 2023 Verrone
<br /> Current Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Twist 295,514 535,022� (239,508)
<br /> Cash-Roxboro Savings(closed) 0 422,717: (422,717)
<br /> Cash4/3 Bank 1,143,248 0 1,143,246
<br /> Cash-First Horizon 2,622,891 2,737,772-I (114,881)
<br /> Cash-Change Banks 18.000 18,665'. (656)
<br /> Total Cash&Cash Equivalents 4.079,651 3,714,166- 365,466 9.84%
<br /> Accounts Receivable 2,733 788'. 1,945
<br /> Prepaid Expenses 176,024 147,701', 27.263
<br /> Distributors(prepaid) 0 0'. -
<br /> Security Deposits 20,736 20,736' -
<br /> Inventory 4,040,133 3,861,444- 178,689 4.53%
<br /> Inventory less) 37,1)11 61,323'. (14,312)
<br /> Lease Asset 2,112,B28 2,053,336''i 59,492
<br /> 6,388,465 6,136,388 263,077
<br /> Total Current Assets 10,468,116' 6.135,388, 4,332,728
<br /> Property&Equipment Lord,Building.&Improvements 13,182,021 13,350,123�i (167,202)
<br /> Vehicle.&Equipment 2.460,238 : 2,222,954: 237.284
<br /> Total Property&Equipment 15,043,169 15,673,077: 70,082
<br /> Less:Accumulated Depreciation (4,619,432) (4,367.903)', (161,629)
<br /> Accumulated Lease Amortization (686,331) (469,432) (226,899)
<br /> Net Property&Equipment _ 10,437,396 10,746.742', (308,346)
<br /> Other Assets(Pension)
<br /> Defamed Outflow Asset(OPEB) (185,678) -242,387' 66,709
<br /> Pension Defercala/Nel Pension Asset 677,608 343,977 333,631
<br /> Deforred Outflows of Resources 254659 201166 63,393
<br /> 746,489 302:756 443,733
<br /> Total Assets 21,652,001 29,698,0621 763,049
<br /> Liabilities and Equity
<br /> Current Liabilities 2024 2023
<br /> Accounts Payable
<br /> Trade 782,410 633;241' 149,169 23.56%
<br /> Other 102,536 102299'', 237
<br /> 884.948 735,640: 149,406
<br /> Excise Taxes 649,498 -572,453'. (22,056) 4.01%
<br /> Other Taxes 148,301 132,90C (4,603) -3.01%
<br /> Payroll Liabilities 69,503 73,917 (4,414)
<br /> Payroll Accruals 100,365 73,097. 27,268
<br /> Accrued Interest(lease) 3,153 24208. (21,066)
<br /> 870,820 890.579 (25,769)
<br /> Other Current Liabilities -
<br /> NBtLiability(OPEB) 446,718 646,056. (100,338)
<br /> Deferred Pension Liability 1,413,742 363,462: 1,060,280
<br /> Doddered Intl..of Resources(Persian) 19,721 649,636'. (629,916)
<br /> Lease Liability(current portion) 236.853 213,212 23,641
<br /> 2,116.034 1,672,366.'. 443,668
<br /> Long Term Llablllllm; -
<br /> Note Payable(First Horizon) 2,348,062 2,654,679I (306,617)
<br /> Long Term Debt Adlustmentlauditor 0 - SOA08' 60,408
<br /> Long Term Debt Adjustment(lease) 164,002 41,334'. 112,668
<br /> Lease Liability(long term portion) 1,344,730 1,505,348''. (160,618)
<br /> 3.846,794 4.150.953'. (304,169)
<br /> Distributions
<br /> Payable to Law Enforcement 0 0 -
<br /> PayabletoEducatlon 0 0 -
<br /> PayabletoCounty 0 0'.
<br /> Total CurrewULT Liabilities 0 0'..
<br /> Equity
<br /> Balance Beginning of the year 13,462,308 12,256,768' 1,205,540
<br /> Add Income(Loss)Year4o-Dale 471,099 1,185 846: (714,747) -60.27%
<br /> Balance End of the Period 13.933,407 13,442,614'. 490,793
<br /> Total Liabilities&Equity 21,652,001 20,898.O6Y. 753.949
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