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Exhibit C
<br />Page 1 of 2
<br />ORANGE COUNTY, NORTH CAROLINA
<br />BALANCE SHEET - GOVERNMENTAL FUNDS
<br />JUNE 30, 2012
<br />Nonmajor
<br />Major Funds
<br />Funds
<br />CountySchoolOther Total
<br />CapitalCapitalGovernmentalGovernmental
<br />GeneralImprovementsImprovementsFundsFunds
<br />Assets:
<br />Cash and investments$ 44,800,371$ 23,586$ 1,749,001$ 6,098,981$ 52,671,939
<br />Accounts receivable,
<br />property taxes, net2,820,166--95,6032,915,769
<br />Accounts receivable, federal311,721--8,597320,318
<br />Accounts receivable, State6,634,6471,062,032-755,8828,452,561
<br />Accounts receivable, other338,811--1,873,3382,212,149
<br />Inventories17,788---17,788
<br />Due from other funds366,09666,983--433,079
<br />Prepaids16,946---16,946
<br />1,083,7136,651,06725,359,245-33,094,025
<br />Restricted cash and investments
<br />$ 56,390,259$ 7,803,668$ 27,108,246$ 8,832,401$ 100,134,574
<br />Total assets
<br />Liabilities:
<br />Accounts payable$ 1,853,107$ 272,951$ 1,254,066$ 154,170$ 3,534,294
<br />Accrued payroll and withholdings2,612,221---2,612,221
<br />Accrued liabilities867,115---867,115
<br />Due to other funds---230,096230,096
<br />Arbitrage payable-14,63724,739-39,376
<br />3,198,310--1,160,7384,359,048
<br />Deferred revenue
<br />8,530,753287,5881,278,8051,545,00411,642,150
<br />Total liabilities
<br />Fund Balances:
<br />Non-spendable:
<br />Prepaid items16,946---16,946
<br />Inventories17,788---17,788
<br />Restricted for:
<br />Stabilization for State statute8,399,0621,129,015-1,625,03611,153,113
<br />Restricted, all other921,5256,651,06725,359,2452,143,97435,075,811
<br />Committed145,919-470,196869,6801,485,795
<br />Assigned3,212,872--2,903,6616,116,533
<br />35,145,394(264,002)-(254,954)34,626,438
<br />Unassigned
<br />47,859,5067,516,08025,829,4417,287,39788,492,424
<br />Total fund balances
<br />$ 56,390,259$ 7,803,668$ 27,108,246$ 8,832,401$ 100,134,574
<br />Total liabilities and fund balances
<br />The accompanying notes are an integral part of the financial statements.
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