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Exhibit I
<br />ORANGE COUNTY, NORTH CAROLINA
<br />STATEMENT OF CASH FLOWS
<br />PROPRIETARY FUNDS
<br />FOR THE YEAR ENDED JUNE 30, 2012
<br />Internal Service Funds
<br />Major
<br />Nonmajor
<br />TotalDentalOPC
<br />Solid WasteSportsPlexEfland SewerEnterpriseInsuranceRetiree Health
<br />FundFundFundFundsFundFund
<br />Cash Flows from Operating Activities:
<br />Cash received from customers$ 8,557,118$ 2,780,440$ -$ 11,337,558$ -$ 510,006
<br />Cash received from assessments-146,202146,202-
<br />--
<br />Cash received from employee contributions----362,899
<br />-
<br />Cash paid to employees365,7415,574-371,315-
<br />-
<br />Cash paid for goods and services(7,921,536)(2,404,612)(231,238)(10,557,386)(38,210)
<br />-
<br />----(422,804)-
<br />Cash paid for claims
<br />1,001,323381,402(85,036)1,297,689(98,115)510,006
<br />Net cash provided (used) by operating activities
<br />Cash Flows from Non-Capital
<br />Financing Activities:
<br />Transfers in1,617,852649,27988,5002,355,63110,000
<br />-
<br />419,354--419,354--
<br />Non-capital grants
<br />Net cash provided (used) by non-capital
<br />2,037,206649,27988,5002,774,98510,000-
<br /> financing activities
<br />Cash Flows from Capital and Related
<br />Financing Activities:
<br />Payments related to the acquisition of capital assets(571,244)(184,190)-(755,434)-
<br />-
<br />Interest paid on long-term debt(57,636)(256,620)-(314,256)-
<br />-
<br />Proceeds on debt issuance3,000,000--3,000,000-
<br />-
<br />(527,698)(376,367)-(904,065)--
<br />Payments related to the payment of debt
<br />Net cash provided (used) by
<br />1,843,422(817,177)-1,026,245--
<br /> capital and related financing activities
<br />Cash Flows from Investing Activities:
<br />10,001-6610,067140-
<br />Interest on investments
<br />Net increase (decrease) in cash and cash equivalents4,891,952213,5043,5305,108,986(87,975)510,006
<br />Cash and Cash Equivalents:
<br />12,941,900943,408159,67114,044,979289,754-
<br />Beginning of year - July 1
<br />$ 17,833,852$ 1,156,912$ 163,201$ 19,153,965$ 201,779$ 510,006
<br />End of year - June 30
<br />Reconciliation of Operating Income (Loss) to Net
<br />Cash Provided (Used) by Operating Activities:
<br />Operating income (loss)$ (2,179,342)$ 93,900$ (170,482)$ (2,255,924)$ (113,963)$ 510,006
<br />Adjustments to reconcile operating income (loss) to
<br /> net cash provided (used) by operating activities:
<br />Depreciation 786,278259,01087,1341,132,422--
<br />Post-closure cost1,774,503--1,774,503--
<br />Changes in assets and liabilities:
<br />(Increase) decrease in accounts receivable210,976(21,157)-189,819--
<br />(Increase) decrease in prepaid expenses-(1,445)-(1,445)--
<br />Increase (decrease) in accounts payable
<br /> and accrued liabilities184,29629,625(1,688)212,23315,848-
<br />Increase (decrease) in compensated absences payable
<br />-5,574-5,574--
<br />Increase (decrease) in unearned revenues-15,895-15,895--
<br />224,612--224,612--
<br />Increase (decrease) in other post-employment benefits
<br />$ 1,001,323$ 381,402$ (85,036)$ 1,297,689$ (98,115)$ 510,006
<br />Net cash provided (used) by operating activities
<br />The accompanying notes are an integral part of the financial statements.
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