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Exhibit 4
<br /> ORANGE COUNTY,NORTH CAROLINA
<br /> MAJOR PROPRIETARY FUNDS
<br /> STATEMENT OF NET POSITION-UNAUDITED
<br /> December 31,2013
<br /> Total
<br /> Major Major
<br /> Solid Waste SportsPlex Proprietary
<br /> Fund Fund Funds
<br /> Assets:
<br /> Current assets:
<br /> Cash and cash equivalents $ 19,542,150 $ 762,928 $ 20,305,078
<br /> Accounts receivable,other 164,104 125,471 289,575
<br /> Prepaid expenses - 5,735 5,735
<br /> Total current assets 19,706,254 894,134 20,600,388
<br /> Non-current assets:
<br /> Non-depreciable assets 1,442,890 794,466 2,237,356
<br /> Capital assets,net of depreciation 6,594,548 6,118,242 12,712,790
<br /> Total non-current assets 8,037,438 6,912,708 14,950,146
<br /> Total assets 27,743,692 7,806,842 35,550,534
<br /> Liabilities and Net Position:
<br /> Liabilities:
<br /> Current liabilities:
<br /> Accounts payable 341,695 56,549 398,244
<br /> Payroll withholdings - 20,599 20,599
<br /> Accrued interest 51,968 34,455 86,423
<br /> Prepaid fees - 163,891 163,891
<br /> Current portion of long-term debt 320,067 372,682 692,749
<br /> Compensated absences,current portion 183,764 - 183,764
<br /> Total current liabilities 897,494 648,176 1,545,670
<br /> Non-current liabilities:
<br /> Compensated absences 122,510 - 122,510
<br /> Post-closing liability 12,959,312 - 12,959,312
<br /> OPEB liability 1,485,201 - 1,485,201
<br /> Long-term debt 4,294,777 4,528,499 8,823,276
<br /> Total non-current liabilities 18,861,800 4,528,499 23,390,299
<br /> Total liabilities 19,759,294 5,176,675 24,935,969
<br /> Net Position:
<br /> Net investment in capital assets 3,422,594 1,608,738 5,031,332
<br /> Unrestricted 4,561,804 1,021,429 5,583,233
<br /> Total net position $ 7,984,398 $ 2,630,167 $ 10,614,565
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