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Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of March,2023 and 2022
<br /> Attachment A"
<br /> Assets
<br /> 2023 2022 Variance
<br /> Current Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Truist 801,545 2,658,774 (1,857,229)
<br /> Cash-Roxboro Savings 790,921 1,078,984 1288,063)
<br /> Cash-First Horizon 2,533,627 0 2.533.627
<br /> Cash-Change Banks 18,000 15,700 2,300
<br /> Total Cash&Cash Equivalents 4.144,093 3,753,458 390.635 10.41%
<br /> Accounts Receivable 1,416 2.916 (1,500)
<br /> Prepaid Expenses 188,759 205,335 116,576)
<br /> Security Deposits 20.736 28,766 (8,030)
<br /> Inventory 4,167,239 3.824.989 342,250 8.95%
<br /> Inventory(begs) 71.343 38.595 32,748
<br /> Lease Asset 2,053,336 1.222.602 830,734
<br /> 6,502,629 5,323,203 1.179,626
<br /> Total Current Assets 10,646,922 9,076.661 1,570,261
<br /> Property&Equipment
<br /> Land,Buildings&Improvements 10,164,865 10,149,391 15.474
<br /> Vehicles&Equipment 2,016,971 1,879,061 137.910
<br /> Total Property&Equipment 12,181,836 12,029,462 153.384
<br /> Less:Accumulated Depreciation (4,247,076) (3,833.503) (413,572)
<br /> Accumulated Lease Amortization 397,910 0 (397,910)
<br /> Net Property&Equipment 7,536,851 8.194.949 (658.098)
<br /> Other Assets(Pension)
<br /> Defamed Oulf€ow Asset(OPEB) -242.387 -293.174 50,787
<br /> Pension DeferratslNet 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 (25,436)
<br /> Construction in Progress{Mebane) 2,945,294 422,238 2.523,056
<br /> Total Other Assets 2,945.294 447,674 2.497,620
<br /> Total Assets 21,431,823 17.878,393 3.553.430
<br /> Liabilities and Equity
<br /> Current Liabilities
<br /> Accounts Payable
<br /> Trade 1,231,096 1,400,904 (169,808)
<br /> Other 111580 103,933 7,647
<br /> 1.342,676 1,504,837 (162.161) -10.78%
<br /> Excise Taxes 599,103 566,687 32,416
<br /> Other Taxes 153,023 144,784 8,239
<br /> Payroll Liabilities 99.744 100,221 (477)
<br /> Payroll Accruals 32.655 60.216 (47560)
<br /> Accrued Interest(lease) 24.319 0 24.319
<br /> 908,844 891,907 16.937
<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 38,967 510.649
<br /> Lease Liability(current portion) 211,373 132,452 78,921
<br /> 1,670,527 1,641,871 28,656
<br /> Long Term Liabilities
<br /> Note Payable(First Horizon) 2.625.364 245,254 2.380,110
<br /> Note Payable(Oakdale) 0 -108,578 108,578
<br /> Note Payable(Truest) 0 604,223 (604,223)
<br /> Long Term Debt Adjustment/auditor -50,409 0 (50,409)
<br /> Long Term Debt Adjustment(lease) 41,334 194,934 1153.600)
<br /> Lease Liability(long term portiun) 1,562,633 1.090.150 472.483
<br /> 4.178,922 2,025,983 2.152.939 10627%
<br /> Distributions
<br /> Payable to Law Enforcement 0 0 -
<br /> Payahle to Education 23,882 29,466 (5,584)
<br /> Payable to County 0 750 750
<br /> Total CurrentJLT Liabilities 23.882 28,716 (4,834)
<br /> Equity
<br /> Balance Beginning of the year 12.256,768 10,302,856 1.953,912
<br /> Add Income(toss)Year-to-Date 1,050,204 1,482,223 (432,019) -29.15%
<br /> Balance End of the Period 13,306,972 11.786.079 1.521.893
<br /> Total Liabilities&Equity 21,431,823 17,878,393 3,553,430
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