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Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Positlon
<br /> As of August 2024 and 2023
<br /> Attachment"A"
<br /> Assets
<br /> 2024 2023 Variance
<br /> Current Assets
<br /> Cash-Treat 422227 516618 (96,291)
<br /> Cash-Roxboro Savings(closed) 406735 (405,735)
<br /> Cash-613 Bank 1.155,253 0 1,155,253
<br /> Cash-Firsl Horizon 2,246,523 2,814 506. (569,083)
<br /> Cash-Store Change Reserves 19,326 18,215 1,110
<br /> Total Cash&Cash Equivalents 3,842,325 3,767,074 85,264 2.27%
<br /> Accounts Receivable 2,733 1327 1,406
<br /> Prepaid Expenses 227,780 268,005. (40,226)
<br /> Distributions(prepaid) - 109,584 103,136 6,449 Security Deposits 20,736 20,736.
<br /> Inventory 4,765,782 4,865,883 (101,131) -2.08%
<br /> Inventory(bags) B7,907 40,026 47,781
<br /> Lease Asset 2.N 2,828- 2053,336 59,492
<br /> 7 327,220 7,353,448. (26,228) -0.36%
<br /> Total Current Assets 11 ifi9.548 71 110;6221 69,026
<br /> Property&Equipment
<br /> Land,Buildings&Improvements 13182,921 13,353,023 (170,102)
<br /> Vehicles&Equipment 2 465 928 2 241,208: 224,720
<br /> Total Property&Equipment 15 648:849 15,594;236 54.618
<br /> Less:Accumulated Depreciation (4,630;A61, (4,436 897) (191,685)
<br /> Accumulated Lease Amortization (725.6") ,(498685)I (226,900)
<br /> Net Property&Equipment 10292,782 10658649 (363,867)
<br /> Other Assets(Pension)
<br /> Deferred Outflow Assat(OPEB) (128969). 242,387 113,418
<br /> Pension Daferrals/Net Pension Asset 724,227 343,977 380,250
<br /> Deferred Outflows of Resources $01.037 201,166_ 100,471
<br /> 696895 302,766 6 44,139
<br /> Total Assets 223584225 22U68,927. 289,298
<br /> Liabilities and Equity
<br /> Current Liabilities 2024 2023
<br /> Accounts Payable -
<br /> Trade 1,420,486 4,655,902- (229,416) -13.85%
<br /> Other 1 122,396 IM,430; (9,034)
<br /> 1548,882 1707.332: (238,460)
<br /> Excise Taxes 683,192 575,837 7,368 1.28%
<br /> Other/Sales Taxes 156,907 152,157- 4,750 3.12%
<br /> Payroll Liabllitles 131,420 82,472 48,948
<br /> Payroll Accruals 42,427 82.064' (39,637)
<br /> Accrued Interest(lease) 3,076 24,114. (21.068)
<br /> 917,022 916.664, 368
<br /> Other Current Liabilities - -
<br /> NetLlabllity(OPEB) 333847 646,056 (212,209)
<br /> Net Parisian Deferral 11,601j271 263,462 1,317,809
<br /> Deferred ln0ows of Resources(Pension) 18 43T 649,835' (631,199)
<br /> Lease Liability(cument portion) 233002 219,561 , 13,441
<br /> 2 Z66,967 1678,715- 587,842
<br /> Long Term Liabilities -
<br /> NotePayable(FlrstHorizon) 2,319,020 2629,850 (310,a30)
<br /> Long Term Debt Adjustmentlaudilor 0 -50,408 60,408
<br /> Long Tenn Debt Adjustment(lease) - 160,854 41,334 115,520
<br /> Lease Liability(long term portion) 1,305 241 1,467 205. (161.964)
<br /> 3,751.115 4i087.981: (306,866)
<br /> Distributions
<br /> Payable to Law Enforcement 0 0
<br /> Payable to Education : - a 'D Payable to County - 0 0
<br /> Total Curvent/LT Liabilities 0 9;Dt
<br /> Equity
<br /> Balance Beginning of the year 13,905,166 13 442,13M 462.672
<br /> Add Income(Loss)Year-to-Data 69,537 156,621' (216,158) -138.01%
<br /> Balance End of the Period 13,845,649 13,699,235 246.414
<br /> Total Liabilities&Equity ,.. 2?,359,226 22 069.92T. 289.298
<br /> 3
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