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Orange County Alcohol lc Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of February,2023 and 2022
<br /> Attachment"A"
<br /> Assets
<br /> 2023 2022 Variance
<br /> Current Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Truist 945,534 2,759,222 (1,813,688)
<br /> Cash-Roxboro Savings 792,170 1,101,651 (309,481)
<br /> Cash-First Horizon 2.504.369 0 2,504,369
<br /> Cash-Change Banks 19,130 15,600 3,530
<br /> Total Cash&Cash Equivalents 4.261,203 3,876,473 384,730 9.92%
<br /> Accounts Receivable 2.716 2.916 (200)
<br /> Prepaid Expenses 172.425 155.587 16,83e
<br /> Security Deposits 20.736 20.766 (8,030)
<br /> Inventory 3,895.020 3,582,820 312,200 8.71%
<br /> Inventory(bags) 78,936 43.500 35,436
<br /> Lease Asset 2.053,336 1,222,602 830,734
<br /> 6,223.169 5,036,191 1,186,978
<br /> Total Current Assets 10,4B4,372 8,912,664 1,571,708
<br /> Property&Equipment
<br /> Land,Buildings&improvements 10.164,865 10,149,391 15,474
<br /> Vehicles&Equipment 2,014,581 1,679,061 135,820
<br /> Total Properly&Equipment 12,179,746 12,028,452 151,294
<br /> Less:Accumulated Depreciation (4,212.349) (3,796,695) (415,654)
<br /> Accumulated Lease Amortization 4377,403) 0 (377,402)
<br /> Net Property&Equipment 7,589.994 8,231.757 (541,763)
<br /> Other Assets 4Penslon)
<br /> Deferred Outflow Asset(OPEB) -242,387 -293.174 50,787
<br /> Pension DefenalslNet Pension Asset 343,977 288,051 55,926
<br /> Deferred Outflows of Resources 201.166 164,232 36,934
<br /> 302,756 159,109 143,647
<br /> Construction in Progress(Southern Village} 0 14,862 (14,862)
<br /> Construction in Progress(Mebane) 2,756,583 340,068 2,416,515
<br /> Total Other Assets 2,756,583 364,930 2,401,653
<br /> Total Assets 21,133,705 17,658,460 3.475,245
<br /> Liabilities and Equity
<br /> Current Liabilities
<br /> Accounts Payable
<br /> Trade 1,079,207 1.387,278 (308.071)
<br /> Other 100,817 98,842 1,975
<br /> 1,180,024 1.486,120 (306,096) -20.60%
<br /> Excise Taxes 541,246 535,564 5,882
<br /> Other Taxes 138,426 175.548 (37.122)
<br /> Payroll babilities 94,009 55.362 39,447
<br /> Payroll Accruals 97,530 77,579 19,951
<br /> Accrued inferest{lease) 24,355 0 24,355
<br /> 896,366 844,053 52,313
<br /> Other Current Liabilities
<br /> Net Liability(OPEB) 546,056 630,677 (84.621)
<br /> Deferred Pension Liability 363,462 B39,755 (475,293)
<br /> Deferred Inflows of Resources(Pension) 549.636 38,987 510.649
<br /> Lease Liability(current portion) 210.764 132,452 78.312
<br /> 1,669.918 1,641.871 28.047
<br /> Long Term Liabilities
<br /> Note Payable{First Horizon) 2,450,007 165,905 2,284.102
<br /> Note Payable(Oakdale) 0 -108.579 108.579
<br /> Nate Payable(Truist) 0 611,466 (611.466)
<br /> Long Term Debt AdjustmenYouditor -50,409 0 (50.409)
<br /> Long Term Debt Adjustment(lease) 41.334 194.934 (153,600)
<br /> Lease Liability(fang term portion) 1,581,555 1,090,150 491.405
<br /> 4,022,487 1,953,876 2,058,611 105.87%
<br /> Distributions
<br /> Payable to Law Enforcement 13.500 13,666 (166)
<br /> Payable to Education 49.613 40,969 8,64.4
<br /> Payable to County 116.666 87,584 29.082
<br /> Total Curreridt-T Liabilities 179.779 142,219 37.580
<br /> Equity
<br /> Balance Beginning of the year 12,256,768 10.302,856 1,953,912
<br /> Add Income(Loss)veer-to-Date 928.363 1,287,465 (359,102) -27.89%
<br /> Balance End of the Period 13,165,131 11,590,321 1,594,810
<br /> Total Liabilities&Equity 21,133,705 17,658,460 3,475,245
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