|
i,
<br /> Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of July,2023 and 2022
<br /> Attachment"A"
<br /> Assets
<br /> 2023 2022 Variance
<br /> Current Masts -
<br /> Cash If Cash Equivalents
<br /> Cash-Truhu 435,467 2,424,116 (1,988,658)
<br /> Cash-Roxboro Savings 420,268 963,606; (543,338)
<br /> Cash-First Horizon 3,126,332 386;093'. 2,739.239
<br /> Cash-Change Banks 18,000 16,7001 2,300
<br /> Total Cash&Cash Equivalents 3;999,057 3.780.614! 209,543 5.53%
<br /> Accounts Receivable 1,327 3,054j (2,327)
<br /> Prepaid Expenses 193,410' 134,6211 58,769
<br /> Dletributlons(Prepaid) 206,271
<br /> Security Deposits 20,736 20,736 -
<br /> Inventory 4.399,446' 4,089,032', 310,414 7.59% j
<br /> Invmgmy(bags) 45,495. 69,634'. (24,139)
<br /> Lease Asset 2,053,336'. 2,053,336,
<br /> B920:021' 61371,013! 549,008
<br /> Total Current Assets 10,919;076 10,180,52]! 758,657
<br /> Property&Equipment
<br /> Land,Buildings&Improvements 13,353,023 10,149,391 3,203,632
<br /> Vehicles&Equipment 2,226,234 1.882,011'. 344,223
<br /> Total Property&Equipment 16,679,267 12:031,40T 3,547,856 L,
<br /> Less:Accumulated Depreclatlon (4,403,276). {0,976,609); (426.687)
<br /> Accumulated Lease Amortization (479 058). (236,130), (242,928)
<br /> Net Property&Equipment 10:696y923 7,818,M 2,678,240
<br /> Other Assets(Pension)
<br /> Deferred Curlew Asset(OPEB) -242,307 -242,38P
<br /> Pension Deferralk/W Penslon Most 343,977 343977' - -
<br /> Deferred Outfbws of Resources 201J66 : 201,166
<br /> 302,766: 302,756-Construction in Progress(Southern Village) 0 25,436: (25,436)
<br /> Construction in Progress(Mebane) 0. 1.760228, (1,760,228) _
<br /> Total Other Assets 0 11775,064; (1,776.664)
<br /> Total Assets 21.018,757 20:057:630 1.861,12]
<br /> Liabilities and Equity
<br /> Current Liabilities
<br /> Accounts Payable
<br /> Trade 1.662.858. 1,161,614 601,244
<br /> Other 109,249 113,788, 26,461
<br /> 1,802,107 777TMAT 528706 41.30%
<br /> Excise Taxes 527,169'. 526.131, 1,038
<br /> Other Taxes 142,540' 141,960'. 580
<br /> Payroll Llabllities 80,762 53,134', 27,618
<br /> Payroll Accmals 54.268 79,873:. (26,605)
<br /> Accrued Interest(lease) 24.171 18,760, 6,411
<br /> 828.900' 819.858 9,042 1.10%
<br /> Other Current Liabilities
<br /> Net Llabllity(OPEB) 546,066 540,056 -
<br /> Deferred Pension Liability 363,462' 363A62:Deferred MUM of Resources(Penslon) 549,636 549;636 -
<br /> Lease Liability(current portion) 218.947 188,363 30.594
<br /> `1,678,101 < 1,647.507 30.594
<br /> Long Term Liabilities
<br /> Note Payabl8(Pirst Horizon) 2,642,189 1,449,266!. 1,192,933
<br /> Note Payable(Tmist) 0 572,299. (572,299)
<br /> Long Term Debt Adjustmenthaudllor Z0,400 0' (50,408)
<br /> Long Term Debt Adfustrnent(leaee) 41,334 139,524, (98,190)
<br /> Lease Liability(longterm portion) 1,486,277. 1,712,813'. (226.538)
<br /> 4.119,392 3.8738921, 245,600 8.34%
<br /> Distributions
<br /> Payable to Law Enforcement 0 (376)'; 375
<br /> Payable to Education 0 18,600' (18,500)
<br /> Payable to County 0 68333 (58,333)
<br /> Total Cu nantILT Liabilities 0 76.4581 (76458)
<br /> Equity
<br /> Balance Beginning oflhe year 13,442.614 12,256,76B' 1,185,846
<br /> Add Income(Loses)Year-to-Date 47,643 107,7451 (60,102) -56.78%
<br /> Balance End of the Period 13,490,257 12,364,6131 1,125,744
<br /> -- Total Liabilities&Equity 2L918.75R 20.05]630: 8861,127
<br /> 3
<br />
|