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Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of April,2023 and 2022
<br /> Attachment"A"
<br /> Assets
<br /> 2023 2022 Variance
<br /> Current Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Truist 734,253 2.950.546 (2.216,293)
<br /> Cash-Roxboro Savings 689,004 1,008,824 (319,820)
<br /> Cash-First Horizon 2,847,589 0 2.847,589
<br /> Cash-Change Banks 18.000 15.700 2,300
<br /> Total Cash&Cash Equivalents 4,288,846 3.975,070 313J75 7.89%
<br /> Accounts Receivable 0 2,916 12.916)
<br /> Prepaid Expenses 180,816 118.935 61,881
<br /> Security Deposits 20.736 28.766 18,030)
<br /> Inventory 4,303,0113 3,758,535 544,548 14.49%
<br /> Inventory(bags) 67,108 33,691 33,417
<br /> Lease Asset 2,053,336 1.722,602 830,734
<br /> 6,625.079 5,165,445 1,459,634
<br /> Total Current Assets 10.913.925 9,140,515 1,773,410
<br /> Property&Equipment
<br /> Land,Buildings&improvements 10,164,865 10.149.391 15,474
<br /> Vehicles&Equipment 2.214,211 1.882.011 332,200
<br /> Total Property&Equipment 12,379,076 12,031.402 347.674 2,89%
<br /> Less,Accumulated Depreciation (4,285.089) (3,870,360) (414,729)
<br /> Accumulated Lease Amortization (418,417) 0 L418,417)
<br /> Net Property&Equipment 7,575,570 8,161,942 (495,472)
<br /> Other Assets(Pension)
<br /> Deferred Outflow Asset(OPEB) 442,387 -293,174 50.787
<br /> Pension DeferralsfNet 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 25,436 (25.4361
<br /> Construction in Progress(Mebane) 2.878.306 820,052 2,058,254
<br /> Total Other Assets 2,878,306 845,488 2,032,818
<br /> Total Assets 21,770,557 18,306,154 3,464,403
<br /> Liabilities and Equity
<br /> Current Liabilities
<br /> Accounts Payable
<br /> Trade 1.398.853 1,290.176 108.677
<br /> Other 119,923 108.853 11,070
<br /> 1.518,776 1,399,029 119,747 8.56%
<br /> Excise Taxes 682.946 612,803 (29,857)
<br /> Other Taxes 149,378 166.972 (7,494)
<br /> Payroll Liabilities 156,194 107.150 48,044
<br /> Payroll Accruals 41,873 38.290 3,583
<br /> Accrued Interest(lease) 24,282 0 24,282
<br /> 953,673 915.115 38.558 4.21%
<br /> Other Current Liabilities
<br /> Net Liability(OPEB) 546,056 630.677 (84,621)
<br /> Deferred Pension Liability 363,462 839,755 (476,293)
<br /> Deferred Inflows of Resources(Pension) 549,636 38,987 510,649
<br /> Lease Liability(current portion) 211,991 132,452 79,529
<br /> 1.671.136 1,641.871 29,264
<br /> Long Term Liabilities
<br /> Note Payable(First Horizon) 2,640,930 582,343 2,058,587
<br /> Note Payable(Truist) 0 596,961 (596.961)
<br /> Long Term Debt Adjustmentrauditor -50,408 -108.578 58,170
<br /> Long Term Debt Adjustment(lease) 41,334 194.934 (153,600)
<br /> Lease Liability pang term portion) 1,543,712 1,090.150 453,562
<br /> 4,175,568 2,355.810 1,819,758 77.25%
<br /> Dlstrlbutfons
<br /> Payable to Law Enforcement (500) 13.833 (14,333)
<br /> Payable to Education 35,884 41.492 (5,608)
<br /> Payable to County 58,333 43,417 14.916
<br /> Total CurrentILT Llabilitles 93,717 98.742 (5,025)_
<br /> Equfty
<br /> Balance Beginning of the year 12,256,768 10,302,856 1,953,912
<br /> Add Income(Loss)Year-to-Date 1,100,920 1,592.731 (491,811) -30.68%
<br /> Balance End of the Period 13,357,688 11,895,587 1,462,101
<br /> Total Liabilities&Equity 21,770,557 18,306.154 3A64,403
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