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Exhibit A
<br />ORANGE COUNTY, NORTH CAROLINA
<br />STATEMENT OF NET ASSETS
<br />JUNE 30, 2012
<br />ComponentReporting
<br />Primary Government
<br />UnitUnit
<br />GovernmentalBusiness-TypeOrange County
<br />ActivitiesActivitiesTotalABC BoardTotal
<br />Assets:
<br />Cash and investments53,383,724$ 16,153,965$ 69,537,689$ 1,625,538$ 71,163,227$
<br />Receivables, property taxes, net2,915,769 - 2,915,769 - 2,915,769
<br />Receivables, federal intergovernmental320,318 - 320,318 - 320,318
<br />Receivables, State intergovernmental8,452,561 64,455 8,517,016 - 8,517,016
<br />Receivables, other2,212,149 295,773 2,507,922 2,275 2,510,197
<br />Inventories17,788 - 17,788 1,404,190 1,421,978
<br />Internal balances202,983 (202,983) - - -
<br />Prepaid expenses16,946 16,790 33,736 93,459 127,195
<br />Restricted assets:
<br />Cash and investments33,094,025 3,000,000 36,094,025 - 36,094,025
<br />Other assets871,523 - 871,523 10,747 882,270
<br />Capital assets:
<br />Non-depreciable33,504,038 2,266,733 35,770,771 1,085,776 36,856,547
<br />Depreciable, net72,205,090 12,920,420 85,125,510 1,503,673 86,629,183
<br /> 34,515,153207,196,914 241,712,067 5,725,658 247,437,725
<br />Total assets
<br />Liabilities:
<br />Accounts payable3,561,065 554,706 4,115,771 474,927 4,590,698
<br />Payroll withholdings2,612,221 192,315 2,804,536 - 2,804,536
<br />Accrued liabilities3,454,945 119,954 3,574,899 434,944 4,009,843
<br />Arbitrage payable39,376 - 39,376 - 39,376
<br />Unearned revenues379,620 180,806 560,426 - 560,426
<br />Long-term liabilities:
<br />Due within one year19,345,126 1,313,186 20,658,312 - 20,658,312
<br /> 24,995,598235,233,104 260,228,702 - 260,228,702
<br />Due in more than one year
<br /> 27,356,565264,625,457 291,982,022 909,871 292,891,893
<br />Total liabilities
<br />Net Assets:
<br />Invested in capital assets, net of
<br /> related debt35,398,235 4,404,980 39,803,215 2,589,449 42,392,664
<br />Restricted for:
<br />Stabilization by State statute11,153,113 - 11,153,113 - 11,153,113
<br />Education25,359,245 - 25,359,245 - -
<br />Public safety979,080 - 979,080 - -
<br />Community and environment1,164,894 - 1,164,894 - -
<br /> 2,753,608(131,483,110) (128,729,502) 2,226,338 (126,503,164)
<br />Unrestricted
<br />$ 7,158,588(57,428,543)$$(50,269,955)$ (45,454,168)4,815,787$
<br />Total net assets
<br />The accompanying notes are an integral part of the financial statements.
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