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ORANGE COUNTY, NORTH CAROLINA
<br />MAJOR PROPRIETARY FUNDS
<br />STATEMENT OF NET POSITION - UNAUDITED
<br />March 31, 2014
<br />Non - current liabilities:
<br />Compensated absences
<br />122,510
<br />-
<br />Total
<br />Post - closing liability
<br />Major
<br />Major
<br />12,959,312
<br />Solid Waste
<br />SportsPlex
<br />Proprietary
<br />1,485,201
<br />Fund
<br />Fund
<br />Funds
<br />Assets:
<br />Total non - current liabilities
<br />19,219,639
<br />4,528,499
<br />Current assets:
<br />Total liabilities
<br />20,079,645
<br />5,176,674
<br />Cash and cash equivalents
<br />$ 18,670,412
<br />$ 453,046
<br />$ 19,123,458
<br />Accounts receivable, other
<br />496,516
<br />125,471
<br />621,987
<br />Prepaid expenses
<br />-
<br />5,735
<br />5,735
<br />Total current assets
<br />19,166,928
<br />584,252
<br />19,751,180
<br />10,407,881
<br />Non - current assets:
<br />Non - depreciable assets
<br />3,373,753
<br />1,415,306
<br />4,789,059
<br />Capital assets, net of depreciation
<br />5,006,720
<br />6,117,241
<br />11,123,961
<br />Total non - current assets
<br />8,380,473
<br />7,532,547
<br />15,913,020
<br />Total assets
<br />27,547,401
<br />8,116,799
<br />35,664,200
<br />Liabilities and Net Position:
<br />Liabilities:
<br />Current liabilities:
<br />Accounts payable
<br />12,749
<br />56,549
<br />69,298
<br />Payroll withholdings
<br />53,130
<br />20,599
<br />73,729
<br />Accrued interest
<br />51,968
<br />34,455
<br />86,423
<br />Prepaid fees
<br />-
<br />163,891
<br />163,891
<br />Current portion of long -term debt
<br />558,395
<br />372,682
<br />931,077
<br />Compensated absences, current portion
<br />183,764
<br />-
<br />183,764
<br />Total current liabilities
<br />860,006
<br />648,175
<br />1,508,181
<br />Non - current liabilities:
<br />Compensated absences
<br />122,510
<br />-
<br />122,510
<br />Post - closing liability
<br />12,959,312
<br />-
<br />12,959,312
<br />OPEB liability
<br />1,485,201
<br />-
<br />1,485,201
<br />Long -term debt
<br />4,652,616
<br />4,528,499
<br />9,181,115
<br />Total non - current liabilities
<br />19,219,639
<br />4,528,499
<br />23,748,138
<br />Total liabilities
<br />20,079,645
<br />5,176,674
<br />25,256,319
<br />Net Position:
<br />Net investment in capital assets
<br />3,169,462
<br />2,631,366
<br />5,800,828
<br />Unrestricted
<br />4,298,294
<br />308,759
<br />4,607,053
<br />Total net position
<br />$ 7,467,756 $
<br />2,940,125 $
<br />10,407,881
<br />5
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