Orange County NC Website
Browse       Search
ORANGE COUNTY, NORTH CAROLINA <br />NOTES TO THE FINANCIAL STATEMENTS <br />FOR THE YEAR ENDED JUNE 30, 2012 <br />The County's general obligation bonds payable, serviced by the County's General Fund, are <br />comprised of the following individual issues: <br />Of the amount serviced by the County's General Fund shown above, $69,226,606 is considered to be <br />school bond debt. <br />Obligations Under Capital Leases. <br /> The County has entered into agreements to lease certain <br />equipment. The lease agreements qualify as capital leases for accounting purposes and, therefore, <br />have been recorded at present value of the future minimum lease payments as the date of their <br />inception. <br />59 <br /> <br />