Orange County NC Website
Exhibit B-2 <br /> ORANGE COUNTY ALCOHOLIC BEVERAGE CONTROL BOARD <br /> (a component unit of Orange County Government) <br /> STATEMENTS OF REVENUE,EXPENSES,AND CHANGES IN NET POSITION <br /> Years Ended June 30,2023 and 2022 <br /> 2023 2022 <br /> Operating Income[hroughtforward] $ 2,321,073 $ 2,880,857 <br /> Nonoperating Income 4,467 6,056 <br /> Change in Net Position Before Required Distributions 2,325,540 2,886,913 <br /> Law Enforcement and Education Expenses <br /> Law enforcement expenses 168,000 166,000 <br /> Education expenses 252,000 237,000 <br /> 420,000 403,000 <br /> Change in Net Position Before Profit Distributions 1,905,540 2,483,913 <br /> Profit Distribution-Orange County 700,000 530,000 <br /> Change in Net Position 1,205,540 1,953,913 <br /> Net Position,beginning 12,256,768 10,302,855 <br /> Net Position,ending $ 13,462,308 $ 12,256,768 <br /> See auditor's report and notes to financial statements. <br /> -12- <br />