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Exhibit C-2 <br /> ORANGE COUNTY ALCOHOLIC BEVERAGE CONTROL BOARD <br /> (a component unit of Orange County Government) <br /> STATEMENTS OF CASH FLOWS <br /> Years Ended June 30,2023 and 2022 <br /> 2023 2022 <br /> Reconciliation of Operating Income to Net Cash Provided by <br /> Operating Activities <br /> Operating income $ 2,321,073 $ 2,880,857 <br /> Adjustments to reconcile operating income to net cash <br /> provided by operating activities: <br /> Depreciation and amortization 659,039 657,694 <br /> Changes in assets and liabilities: <br /> (Increase)decrease in accounts receivable 18,511 (15,200) <br /> (Increase)decrease in inventories 144,015 (934,172) <br /> (Increase)decrease in prepaid expenses (49,390) 18,325 <br /> (Increase)decrease in deferred outflows of resources (387,024) (92,860) <br /> Increase(decrease)in accounts payable (673,229) 144,560 <br /> Increase(decrease)in accrued liabilities 74,603 28,298 <br /> Increase(decrease)in deferred inflows of resources (529,915) 510,649 <br /> Increase(decrease)in deferred inflows of resources OPEB (56,709) (50,787) <br /> Increase(decrease)in net pension liability 1,050,280 (476,293) <br /> Increase(decrease)in retiree health insurance (100,338) (84,621) <br /> Total Adjustments 149,843 (294,407) <br /> Net Cash Provided by Operating Activities $ 2,470,916 $ 2,586,450 <br /> See auditor's report and notes to financial statements. <br /> -14- <br />