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Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of May,2023 and 2022
<br /> Attachment"A"
<br /> Assets
<br /> 2023 2022 Valance
<br /> Currant Assets
<br /> Cash&Cash Equivalents
<br /> Cash-Twist 681,644 3,131 (2,341,720)
<br /> Cash-Roxboro Savings 525,411. §96,867 (471,486)
<br /> Cash-First Hadzon 2989,146 -0 2.999,146
<br /> Cash-Change Banks 18,000 18161i 1,839
<br /> Total Cash&Cash Equivalents 4224,201 q,W8,422; 187,779 4.65% j
<br /> Accounts Receivable 1,1924,508'.. (3,316)
<br /> Prepaid Expenses 168,144 IN'821 53,323
<br /> Security Deposits 20736 28766 (8,030)
<br /> Inventory 4524922 z3,585,942 638,980 16.44%
<br /> Inventory(bags) 60213. 28,8261 30,317
<br /> Lease Asset 2,053,336. 9,222;602' 830,734
<br /> 6818573. 5,276,5651 1,642,008
<br /> i
<br /> Total Cunent Assets 1 042,774 9,312,987' 1,729,787 li
<br /> I
<br /> Property&Equipment
<br /> Land,Buildings&Improvements 10164,805. 10;140,391' 15,474
<br /> Vehicles&Equipment 2,217148-. 1,862,011: 335.137
<br /> Total Property&Equipment 123&201 12;031[�402; 350.611
<br /> Less:Accumulated Depreciation (4,323,161). (3,9p7,21,) (415.934)
<br /> Accumulated Lease Amotizahon (438,024}. -0 (438,924) :.
<br /> Net Property&Equipment 7619938' 81241851. (504.247)
<br /> i
<br /> Other Assets(Pension)
<br /> Deferred Outflow Asset(OPEB) -242387 7293,174 50,787
<br /> Pension DefanalslNet Pension Asset 343,977> 266,051 55,926
<br /> Deferred Oudlows of Resources 201,166 1121 36,934
<br /> 302;]56. 159it09;. �1 3 7
<br /> Construction In Progress(Southern Village) 0 25,436- (25.436)
<br /> Construction In Progress(Mebane) 3.08t.987- 1 231.653'- 1.850,934
<br /> Total Other Assets 8.081,98T. -1.258,489: 1826498
<br /> � I
<br /> Total Assets 22,047,455: 18,852,770! 3,194,685
<br /> Liabilities and Equity
<br /> Current Liabilities
<br /> Accounts Payable
<br /> Trade 1,651,318. 1,286246. 265,072
<br /> Other 130317' 110796' 19521
<br /> 1,681-,635 1-397;042 284,593 20.37%
<br /> Excise Taxes 563,219- 556,048; 7.171
<br /> Other Taxes 196,096 t44,684: 51,416
<br /> Payroll Liabilities 112,657 113,106-I (449)
<br /> Payroll Accruals 66,487 40,077_ 16.410
<br /> Accrued Interest(lease) 24,245'- :➢'. 24.245
<br /> 061.704 1 862,91t; 98.793 41.45%
<br /> Other Current Liabilities III
<br /> Net Liabfily(OPEB) 646,056 00,677: (84.621)
<br /> Deferred Pension Liability 86S462 639.Q5. (476,293)
<br /> Deferred Inflows of Resoumes(Persian) 549,636 3a.987d 510,649
<br /> Lease Liability(current potion) 212596. ,132,452:- 80.144
<br /> 1 671,750 1,641,871< 29,879
<br /> Long Term Liabilities
<br /> Note Payable(First Horizon) 2,667,271 991,592 1,675,679 .i
<br /> Note Payable(Twist) 0 589,679 (589,679)
<br /> Long Term Debt AdjushnenEaudltor 50,400 108,578-. 58,170
<br /> Long Term Debt Adjustment(lease) 41,334 194,034' (153,600)
<br /> Lease Liability(long term random) 1 524549 1,690,1561 434,399
<br /> 9182746. 2,757777' 1,424,969 51.67%
<br /> Distributions
<br /> Payable to Law Enforcement 13,500 13,6671- (167)
<br /> Payable to Education 16,669 148,742 (32,073)
<br /> Payable to County 116,666 167;584` 29,082
<br /> Total Currenl/LT Liabilities 146,835. 149;9931 (3,168)
<br /> Equity
<br /> Balance Beginning of the year 12,256,768 10362,856. 1,953,912
<br /> Add lncoma(Loss)Year-to-Dale 1,146017 1,740.320' (594,303) -34.15%
<br /> Balance End of the Period !,I t3;402,Z85 12,043,116 1,359,609
<br /> 1
<br /> Total Liabilities&Equity 22,047459 18,852,770. 3,194,885
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