Orange County NC Website
i <br /> i <br /> Orange County Alcoholic Beverage Control Board <br /> Comparative Statement of Net Position <br /> As of January,2023 and 2022 <br /> Attachment"A" l <br /> Assets <br /> 2023 2022 Variance f <br /> Current Assets <br /> Cash&Cash Equivalents <br /> Cash-Trart 1,017,282 4,181,470 (3,164,188) <br /> Cash-Roxboro Savings 804,946 1,148,044 (343,098) <br /> Ceshi Hotel 1,979,073 0 1,979,073 <br /> Cash-Change Bank¢ 171800 16,6m 2,200 <br /> Tell Cash&Cash Equivalents 3,8191101 6,345,114 (1,526,013) -28.55% <br /> Accounts Receivable 2,704 68,N6.520 6,250) <br /> Prepaid Expenses 120,736 128,520 68,184 <br /> Security Depcsiis 69,926 28,156 (1,030) <br /> 771 <br /> Inventory J,986,808 3,348,657 838,151 78.41% <br /> Inventory(begs) 63,336 48,65] 30,734 ]8 A1% <br /> Lease Asset 6,316,226 4,222,602 542,560 <br /> 6,316,226 4,773,6fifi 1,542,560 <br /> Total Current Areas 10,,135,327 10.118,780 16,547 <br /> P no Lord,party8 Equlpmenl <br /> Lord, Equiings&Improvements f2,014,081 10,149,361 35,474 <br /> 820 <br /> Vehicles B Equipment 2,179,746 1&79061 1fi,294 <br /> Total Property&Equipment 12,179,746 12,020,462 151,284 <br /> Leos:Accumulated Depreciation (4,177,557) (3.759,887) (417,770) j <br /> Accumulated Lease Annyrgzsllcn (3%.896) 0 (356,896) <br /> Net Property&Equipment 7,045.193 8.258,666 (623,372) <br /> Other Assets(Pension) <br /> Deferred Outflow Asset(OPEB) -242.307 493,174 60,787 <br /> Pension DefenalslNet Pension Asset 343,977 28B4O51 55,926 <br /> Deferred Outflows,of Resources 201166 164,232 36,934 <br /> 302:756 159,109 143,647 <br /> Construction in Progress(Southern Village) 0 0 - I <br /> Construction in Progress(Mebane) 2743,039 151,430 2,591,609 <br /> Total Other Assets 2,743,039 1511430 2,501,609 <br /> Total Assets 20,828,315 18697884 2128,431 <br /> Liabilities and Equity j <br /> Current Liabilities <br /> Accounts Payable j <br /> Trade 963,655 982,727 (19,072) <br /> DNer 08,554 82,917 15,637 <br /> 1,062,209 1.055,644 (3,435) -0.32% <br /> Excise Texas 506,864 4711 27,922 <br /> Other Taxes 120.641 132,818 (3,277) <br /> Payroll Liabllilies 81,OW 76.729 5.338 <br /> Payroll Accruals 95,153 79,688 15,465 <br /> Accrued Interest(lease) 24.392 0 24,392 <br /> 837,017 787J77 691840 <br /> Other Current Liabilities <br /> Net Liability(OPEB) 546,056 630,677 (81 <br /> Deferred Pension Liability 36&462 83%765 (476,293) <br /> Deferred Inflows of Resources(Pension) 549,635 38,987 510,649 <br /> Lease Liability(current portion) 21016B 132.452 77706 <br /> 1,659,312 1,641,871 27,441 <br /> Lone Term Liabilities <br /> Note Payable(First Horizon) 2.403.266 0 2,463,266 <br /> Note Payable(Oakdale) 0 1,789,394 (1,789,304) <br /> Nola Payable(Twist) 0 616,691 (a is 691) <br /> Long Term Debt Artwhaentlaudilcr -60.409 0 (50,409) <br /> Long Term Debt Adjustment(Jesse) 41,334 194,934 (163,600) j <br /> Lease Liablllty(Icng term portico) 1.600,438 1,09g150 610,268 <br /> 4,064629 3,593,169 361,460 9.79% <br /> Distributions <br /> Payable to Law Ear omewant (500) (167) (333) <br /> Payable to Education 38,056 24,076 13,08D <br /> Payable to County 58,333 43,417 14,916 <br /> TOUT Curmntfl-T Liabilities 96.889 08,226 2Z663 <br /> Equity <br /> Balance Beginning of the year 12.255,768 10,302,856 1,953,912 <br /> Add lncome(Loss)Yownt Dale 850,401 1,168,041 (308,4501 -26.61% <br /> Balance End of the Period 13,107,259 11.461 797 1,645,462 <br /> Tolal Liabilities&Equity 20,826316 18,697 BBd 2,128431 Ali <br /> 3 <br />