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Exhibit 1
<br /> ORANGE COUNTY,NORTH CAROLINA
<br /> BALANCE SHEET-MAJOR GOVERNMENTAL FUNDS(UNAUDITED)
<br /> December 31,2013
<br /> Major Funds Total
<br /> County School Major
<br /> Capital Capital Governmental
<br /> General Improvements Improvements Funds
<br /> Assets:
<br /> Cash and investments $ 97,515,860 $ - $ - $ 97,515,860
<br /> Accounts receivable,
<br /> property taxes,net 29,583,907 - - 29,583,907
<br /> Inventories 23,008 - - 23,008
<br /> Due from other funds 557,991 66,983 - 624,974
<br /> Prepaids 16,946 - - 16,946
<br /> Restricted cash and investments - 10,963,999 3,328,036 14,292,035
<br /> Total assets $ 127,697,712 $ 11,030,982 $ 3,328,036 $ 142,056,730
<br /> Liabilities,Deferred Inflows of
<br /> Resources,and Fund Balance:
<br /> Liabilities:
<br /> Accounts payable $ 487,336 $ 60,220 $ 88,563 $ 636,119
<br /> Accrued payroll and withholdings 71,396 - - 71,396
<br /> Accrued liabilities 902,752 - - 902,752
<br /> Due to other funds 682,282 - - 682,282
<br /> Arbitrage payable - - 24,739 24,739
<br /> Total liabilities 2,143,766 60,220 113,302 2,317,288
<br /> Deferred Inflows of Resources:
<br /> Unavailable grant revenue 379,624 - - 379,624
<br /> Property taxes receivable 29,583,907 - - 29,583,907
<br /> Prepaid taxes 69,005 - 69,005
<br /> Total Deferred inflows of resources 30,032,536 - 30,032,536
<br /> Fund Balances:
<br /> Non-spendable:
<br /> Prepaid items 16,946 - - 16,946
<br /> Inventories 23,008 - - 23,008
<br /> Restricted for:
<br /> Stabilization for State statute 9,736,215 2,053,626 - 11,789,841
<br /> Restricted,all other - 8,917,135 3,214,734 12,131,869
<br /> Committed 3,105,267 - - 3,105,267
<br /> Assigned 9,442,980 - - 9,442,980
<br /> Unassigned 73,196,994 - - 73,196,994
<br /> Total fund balances 95,521,410 10,970,761 3,214,734 109,706,905
<br /> Total liabilities,deferred inflows of
<br /> resources,and fund balances $ 127,697,712 $ 11,030,982 $ 3,328,036 $ 142,056,730
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