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Orange County Alcoholic Beverage Control Board
<br /> Comparative Statement of Net Position
<br /> As of FEBRUARY 2025 and 2024
<br /> Assets
<br /> 2026 2024 Variance
<br /> Current Assets
<br /> Cash-Twist 0'. 1.,050,567, (1,050,557)
<br /> Cash-Roxboro Savings(closed) 0. 207,672 (207,572) 1
<br /> Cash-First Horizan 1,256,908 2,734,831I. (1,477,923)
<br /> Cash5l38ank 1,224,171 0'. 1,224.171
<br /> Capital Management Trust 608,666 01 501
<br /> Cash-Store Change Reserves 18,000 18,000' -
<br /> TotalCash&Cash Equivalents 3.007,944 4A10;9601! (Lo03,016) -25.01%
<br /> Accounts Receivable 718' 788''.
<br /> Prepaid Expenses 210,732. 462,3201. (251,BB)
<br /> Distributions(prepaid) 109,584 101,4091 8,115
<br /> Security Deposits 35,476 20,738 14,740
<br /> Inventory 5,028,510 4056,688 371,822 7,98%
<br /> Inventory(bags) 59,347 49.831:: 9.516
<br /> Lease Asset 2,112,828 211121828''i
<br /> 7,557,195 7,404.660j 152,635
<br /> Total Current Assels 10,565,139 71,415;820'. (850,481)
<br /> Property&Equipment
<br /> Land,Bulltlinge&Improvements 13,182,921' 13,176,036' 3,985 `
<br /> Vehicles&Equipment 2580620 2,203,112'': 377,508
<br /> Total Property&Equipment 15,763,541 - 15,382,048. 381,493
<br /> Less;Accumulated Depreciation (4,821,036) (4,358,784)'I (462,252)
<br /> Accumulated Leas.Amortization (843.345) (607,824)' (235,521)
<br /> Net Property&Equipment 10,099,160 10,415.440':. (316,280)
<br /> Other Assets(Pension)
<br /> Deferred Outflow Asset(OPEB) (128,969) (105,678) 56,709
<br /> Pension Defeoala/Nel Pension Asset 724,227 677,608 48.619
<br /> Def eyed Outflows of Resources 211,637 254,559 47,078
<br /> 896,895 748,489 ibi '..
<br /> Total Assets 21,581,194 22,677;649. (1,016,355)
<br /> Liabilities and Equity ICI
<br /> Current Liabilities 2025 2024
<br /> Accounts Payable
<br /> Trade 768,063 1,427,887'. (659,824) 46,21%
<br /> Other 95,004 71,716 23,288 j
<br /> 863,067 1,499;8IX1 (836.536)
<br /> Excise Taxes 503,248: 5B;885I (63,637) -11.23%
<br /> Other/Sales Taxes 130,864 146.377': (15,513) -10.60%
<br /> Payroll Liabilities 80,178. 101,060': (20,882)
<br /> Payroll Accruals 110,849 110,601. (5,652) 4.85%
<br /> Accrued Interest(lease) 2,846. 3,304: (458)
<br /> 827,985 934.127t (106,142) -11.36%
<br /> Other Current Liabilities -
<br /> NetLlablllly(OPEB) 333,847 445,718' (111,871)
<br /> Net Pension Deferral 1,681,271 1,413,742'.. 267,529
<br /> Deferred Inflows of Resources(Pension) 18,437 19,721 (1,284)
<br /> Lease Liability(current podlon) 236,839 234,341I 2,498
<br /> 2,270.394 2,113.522 156,872
<br /> Long Term Liabilities
<br /> Note Payable(First Horizon) 2,241,462 2,399,653 (158,191
<br /> Long ease Liability
<br /> Debt nten pAdjustment(lease) 185,041 422 818 2.852
<br /> 77
<br /> Lease Liability(long term portion) 3,684,257 1,422.818'. (392,216)
<br /> 3,584,25] 3,976,473'. (382,276)
<br /> Distributions
<br /> Payable to Law Enforcement 0 0 -
<br /> Payable to Education 0. 0'. -
<br /> Payable to County 0 0
<br /> Total Cartel Liabllli 0 0_ -
<br /> Equity
<br /> Balance Beginning of the year 13,90l 13,462,$08 442,878
<br /> Add Income(Loss)Year-to-Date 110.305 591,516'. (481,211) -81.35%
<br /> Balance End of the Period 14.015,401 14,053,824:' (38,333)
<br /> Total Liabilities&Equity 21,561,104. 22,6]7,648', 7 0_(,)�6356
<br /> 3
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