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<br /> Orange County Alcoholic Beverage Control Boats
<br /> Comparative Statement of Net Position
<br /> As of December,2022 and 2021
<br /> Attachment"A"
<br /> Assets
<br /> 2022 2021 Variance
<br /> Current Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Truist 1,064,432 4,817,670 (3,763,138)
<br /> Cash-Roxboro Savings 806,712 1,205,341 (398.829)
<br /> Cash-First Horizon 2,562,946 0 2,662.945
<br /> Cash-Change Barka 17.800 15,600 2.200
<br /> Total Cash&Cash Equivalents 4,441,889 "38.511 (1,596,622) -2&44%
<br /> Accouofs_ftecelvable _2,718. __ 7A30_ _-(4,314)___.
<br /> Prepald Expenses 170.7% 134,156. 36,040
<br /> Security Deposits _._ 20,730. :.28.788_ (0,030)
<br /> Inventory 4.023,772 3,391,688 632,084 18.64%
<br /> Inventory(bags) 41,425 48,495 (7,070)
<br /> Lease Asset 2.063,330 1,222,602 830,734
<br /> 6,312,781 4.832,737 1,480,044
<br /> Total Current Assets 10754,870 ,10,671,248 (118,678)
<br /> Property&Equipment
<br /> Land,Buildings&Improvements 10,161 10,149,391 15,474
<br /> Vehicles&Equipment 2.014.881 1,879,081 136,820
<br /> Toral Property&Equipment 12,179,748 12,01 151.294 1.26%
<br /> Less:Acwmulaled Deprecia0on (4,142,905) ,.(3,723,078). (419,888)
<br /> Accumulated Lease Amortization (336,389) - 0 (336.389)
<br /> Net Property&Equipment 7,700,391 ',6,306,374 (604,983) -7.26%
<br /> Other Assets(Pension)
<br /> Defence!Outflow Asset(OPEB) -242,3B7 -293.174 50,787
<br /> Pension DeferralsMel Pension Asset 343,977 289,061 55,926
<br /> Deterred Ouglows of Resources 204;186- 184232 36934
<br /> 3p2',756 188,108 �d3,647 !
<br /> Construction in Progress(Southern Village) 0 0 - �.
<br /> Construction In Progress(Mebane) 2.610,956 120,047 2,490,909
<br /> Total Other Assets 2.010,056 120:047 2.490,009
<br /> Total Assets 21,368,]73 10455,778 IJ912,995
<br /> Liabilities and Equity
<br /> Current Liabllitles
<br /> Amounts Payable
<br /> Trade 1,246,636 1,424;391 (177,755)
<br /> Other 79,286 -120.043 (40,757)
<br /> 1,325,922 1.544.434 (218.512) -04.15%
<br /> Excise Taxes 850,572 785,685 64,987 8.27%
<br /> Other Taxes 240,804 '224.208 16,598 7.40%
<br /> Payroll Liabilities 73,401 ei'm 12,315
<br /> Payroll Accruals 81.,367 73�15M 7,813
<br /> Accrued Imerest(lease) 24,428 -a 24,428 !.
<br /> 1,270.572 1,144,431, 126.141 11.02%
<br /> Other Current Liabilities
<br /> Net Liability(OPEB) 540.056 630,677 (84,621)
<br /> Defence Persian Liability 363,462 838,755 (476.293)
<br /> Deferred Inflows of Resources(Pension) 649,638 -88,987 510,849
<br /> Lease Liability(current poNpn) 209.652 132,462 77,100
<br /> 1,968,706 1,a41, 71 26,636 1.63%
<br /> Long Term Liabllitles
<br /> Note Payable(First Horizon) 2,333,804 0 2.333,804 '.
<br /> Note Payable(Oaktlale) 0 1,798;368 (1,798,366)
<br /> Note Payable(Truisq 0 025,896 (526,896)
<br /> Long Term Debt Adjustment(lease) -9,076 -194,934 (204.009)
<br /> Lease Liability(long term portion) 1,619,286 - 1,090.160 629,135
<br /> 3,844,014 3.709.348 234.666 6.33%
<br /> Distributions
<br /> Payable to Law Enforcement p 0 -
<br /> Payable to Education 38,083 21,367 16,696
<br /> Payable b County 0 -750 760
<br /> Total CurrentlLT Liabilities 38,083 20,81] 17,446 84.62%
<br /> Equity I!,
<br /> Balance Beginning of the year 12,255,768 10;302,856 1.953.912
<br /> Add Income(Loss)Vear-m-Oates 604.7213 1,092,223 (227.495) �2083%
<br /> Balance End of the Period 13.121,498 11,305,070 1.726,417
<br /> Total Liabilities&Equity 21.360,7]3 18,455,778 1.912,995 j
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