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Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of June,2023 and 2022 i
<br /> Attachment"A"
<br /> Assets '..
<br /> 2023 2022 Variance
<br /> Current Assets
<br /> Cash 8 Cash Equivalent. ,
<br /> Cash-Firet Hotlzon 2,737;A2.. 0I j
<br /> Cash-Tmist 635022. 2,818,685'. (2,283,663)
<br /> Cash-Roxboro Savings 422,717 980,72a 1658,011)
<br /> Cash-Change Banks 18,656 15300 2,965
<br /> Total Cash&Cash Equivalents 3,714166. 3 815113 (100,947) .2.65%
<br /> Accounts Racelvable 788' 19,299. (18,511)
<br /> Prepaid Expenses 147,781 96,468' 62,282 j
<br /> Seoudty Deposits 20.738'. 20,7381. -
<br /> Inventory 3,861,444 : 4,023,560' (162.116)
<br /> Inventory(bags) 61,323 33,221, 18,102
<br /> Lease Asset 2 053 336; 2 053 336'.
<br /> 8135,388.' 82we 1 (110,233)
<br /> Total Currant Assets 91848 554 10 060,734 (211,180)
<br /> Property Equipment
<br /> Land,Buildings&Improvements 13,350,123'.. 10,149,391: 3,200,732
<br /> Vehicles&Equipment 2222954 188201/' 940,943
<br /> Total Property&Equipment 15:673:077 12;031,402', 3,641,675 29.44%
<br /> Less:Accumulated Depreciation (4,367,903). (3 944,0]6)I (423,828)
<br /> Accumulated Leese Amortization (469,432).. (216,382)'. (243,0501
<br /> Net Property&Equipment 10,745 742. 7,870,945 2,874,797
<br /> Other Assets(Pension)
<br /> Deferred Outflow Asset(OPEB) 242,387 242,3871 -
<br /> Pension Defarml.iNel Pension Asset 343,977 `-343,977 I -
<br /> Warred Outflows of Resources 201.186 201.166 i
<br /> 302,756 302,756 -
<br /> Constmctlon in Progress(Southern Village) 0' 25,4361 (25,436)
<br /> Construction in Progress(Mebane) 0'. :1,744.640i (1,744.540)
<br /> Total Other Assets 0 -:176%976' (1,769,976)
<br /> Total Assets 20,898,O1i2:, 20.004:4171 893,841
<br /> Liabilities and Equity
<br /> Current Liabilities
<br /> Accounts Payable
<br /> Trade 633.241'. 1,279,49P1 (646,249)
<br /> Other 102,299, 114873' (10,574)
<br /> 735.540- 1.392;3631 (866,823)
<br /> Excise Taxes 572,453: 538 342, 34,111
<br /> Other Taxes 152,904' 140,022: 12,882
<br /> Payroll Liabilities 73,917I 64;315' 19,602
<br /> Payroll Accruals 73,097 65,086; 8,011
<br /> Accrued Interest(lease) 24,208, 17,108, 7,100
<br /> 896,570 814.873'. 81,708
<br /> Other Current Liabilities
<br /> Net Liability(OPES) 646,058. 546,056
<br /> Deferred Pension Liability 363.462 363,462i -
<br /> Warred I llows of Resource.(Pension) 649,83E 549,636 -
<br /> Lease Liability(cunent portion) 213212 181,448 31,767
<br /> 1,672366'.. 1640.699 31,767
<br /> Long Term Liabilities '
<br /> Note Payable(BB&T) 0 670,61fl1 (579,619)
<br /> Note Payable(First Horizon) 2.654,079 1,499,661 1.165,016
<br /> Long Term Debt Ad)ustmentraudhor .50,408 50,408'i -
<br /> Long Term Debt Adjustment(lease) 41,334 139,524 (98,190)
<br /> Lease Liability(long term portion) 1,605348. 1731409i (228,081)
<br /> 4150,953: 3;809,808'. 261,145
<br /> Distribution.
<br /> Payable to Lew Enforcement 0` 0
<br /> Payable 0 Education 0 0'Payable to County g'.. 0
<br /> Total Corneal Liabilities 0'. 0
<br /> Equity
<br /> Balance Beginning of the year 12,256,768. 10,450,909�'.. 1,805,799
<br /> Add Income(Loss)veao-lo-0ate 1 186 846'. 1605 799, (619,953) -34.33%
<br /> Balance End of the Period 13:442:614 12:256:7687... 1,185 846
<br /> Total Liabilities&Equity 20,898;052. 20,004,411: 093.641 '
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