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Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of July 2024 and 2023
<br /> Attachment"A"
<br /> Assets
<br /> 2024 2023 Variance
<br /> Current Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Trulst 347,281 435,467 (68,176)
<br /> Cash-Roxboro Savings(closed) 0 420,268. (420,266)
<br /> Cash-5/3 Bank 1,149,362 01 1,149.362
<br /> Cash-First Harizan 2,554,099 3,125,332', (571,233)
<br /> Cash-Store Change Reserves 18.000 18,000'.
<br /> Total Cash&Cash EquNalents 4,068,742' - 31999.057' 69,685 1.74%
<br /> Accounts Receivable 2,733 1,327' 1,406
<br /> Prepaid Expenses 241,877 193.41011 48,467
<br /> Distribution.(prepaid) 219,167 206,271 12,896
<br /> Security Deposits 20,736 20,736'.
<br /> Inventory 4,683,026 4,399,446, 183,680 4.17%
<br /> Inventory(begs) 36,220 45,495', (9,276)
<br /> Lease Asset 2.112,828. 2,063,336 59,492
<br /> 7,216,587 6,920,021, 296.566
<br /> Total Current Assets 11285,329 10,919,078'. 366,251
<br /> Property&Equipment
<br /> Land,Buildings&Improvements 13,182,921 13,353,023' (170,102)
<br /> Vehicles&Equipment 2,460,238 2.226234', 234,004
<br /> Total Property&Equipment 15,643.169 15.679.2671 63,902
<br /> Less:Accumulated Depreciation (4,560,166) (4.403,276)I. (156,880)
<br /> Accumulated Lease Amortlzetlon (706,968) (479,058)'.i (226.900) -
<br /> NelProperty&Equlpment 10,377,046 10.696.923'. (319,878)
<br /> Other Assets(Pension)
<br /> Deferred Outflow Asset(OPED) (185,678) -242,387' 56,709
<br /> Pension DeferralsfNet Pension Asset 677,608 w'977 333,631 _
<br /> Deferred OuHlowa of Resources 264.559 201,106. 63,393
<br /> 746:489 302,766 443,733
<br /> Total Assets 22,408,063 2L,918,757! 490,106
<br /> Liabilities and Equity
<br /> Current Liabilities 2024 2023
<br /> Accounts Payable
<br /> Trade 1,655,864 1,662,868. (6,994) -0.42%
<br /> Other 132,479. 1392491 (6,770)
<br /> 1,786343 1,802,1071 (13,764)
<br /> Excise Taxes 507,970 627,169- (19,199) .3.64%
<br /> OthelSales Taxes 138,546 '142,540'. (3,996) .2,80%
<br /> Payroll Llabllltles 66,304 80,752. (14,448)
<br /> Payroll Accrua[s 123,699 54,208. 69,331
<br /> Accrued Interest(lease) 3.115 24,171. (21,056)
<br /> 839,533 828,900 10,633
<br /> Other Current Liabilities -
<br /> NelLiabllity(OPEB) 445,718 540,056 (100,338)
<br /> Deferred Pension Liability 1,413,742 363,462' 1,050,280
<br /> Deferred Inflows of Resources(Pension) 19.721 60,636. (629,915)
<br /> Lease LlabiRty(current portion) 237,487 218,947 18,540
<br /> 2,116,668 1,678,101 438,567
<br /> Long Term Llabllltles -
<br /> Note Payable(First Horizon) 2,334,731 2,642,189'. (307,468)
<br /> Long Term Debt Adlustmentlaudltor 0 -60,408''. 50,408
<br /> Long Term Debt Adjustment(lease) 154,002 41,334'. 112,668
<br /> Leese Liabllity(long term portion) 1,325,024 1.486,277'. (161,263)
<br /> 3.813,767 4119302, (305.635)
<br /> Distributions
<br /> Payable to Law Enforcement 0 0. -
<br /> PayableloEducatlon 0 0 -
<br /> Payable lo Coon ty 0 0'
<br /> Total CUrrengLT Liabllltles 0 0..
<br /> Equity
<br /> Balance Beginning of the year 13,933,408 13,442,614, 490,794
<br /> Add Income(Loss)Year-to-Date -82.846' 47,643'. (130,489) -273.89%
<br /> Balance End of the Period 13,850,662 13,490,257 360,305
<br /> Total Liabilities&Equity 22,400883 21,918.757' 490,106
<br /> 3
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