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ORANGE COUNTY, NORTH CAROLINA
<br />BALANCE SHEET - MAJOR GOVERNMENTAL FUNDS (UNAUDITED)
<br />March 31, 2014
<br />2
<br />Major Funds
<br />Total
<br />County
<br />School
<br />Major
<br />Capital
<br />Capital
<br />Governmental
<br />General
<br />Improvements
<br />Improvements
<br />Funds
<br />Assets:
<br />Cash and investments
<br />$
<br />83,919,060
<br />$ 229,490
<br />$
<br />$ 84,148,550
<br />Accounts receivable,
<br />-
<br />property taxes, net
<br />4,533,379
<br />4,533,379
<br />Inventories
<br />23,008
<br />-
<br />23,008
<br />Due from other funds
<br />557,991
<br />66,983
<br />624,974
<br />Prepaids
<br />16,946
<br />-
<br />16,946
<br />Restricted cash and investments
<br />-
<br />14,564,167
<br />10,413,689
<br />24,977,856
<br />Total assets
<br />$
<br />89,050,384
<br />$ 14,860,640
<br />$ 10,413,689
<br />$ 114,324,713
<br />Liabilities, Deferred Inflows of
<br />Resources, and Fund Balance:
<br />Liabilities:
<br />Accounts payable
<br />$
<br />1,224,127
<br />$ 3,860
<br />$
<br />$ 1,227,987
<br />Accrued payroll and withholdings
<br />417,955
<br />-
<br />417,955
<br />Accrued liabilities
<br />51,761
<br />51,761
<br />Due to other funds
<br />594,095
<br />-
<br />594,095
<br />Arbitrage payable
<br />-
<br />14,637
<br />24,739
<br />39,376
<br />Total liabilities
<br />2,287,938
<br />18,497
<br />24,739
<br />2,331,174
<br />Deferred Inflows of Resources:
<br />Unavailable grant revenue
<br />-
<br />-
<br />-
<br />-
<br />Property taxes receivable
<br />4,619,072
<br />4,619,072
<br />Prepaid taxes
<br />186,428
<br />186,428
<br />Total Deferred inflows of resources
<br />4,805,500
<br />4,805,500
<br />Fund Balances:
<br />Non - spendable:
<br />Prepaid items
<br />23,008
<br />23,008
<br />Inventories
<br />16,946
<br />-
<br />16,946
<br />Restricted for:
<br />-
<br />Stabilization for State statute
<br />9,815,264
<br />6,815,605
<br />-
<br />16,630,869
<br />Restricted, all other
<br />-
<br />-
<br />10,388,950
<br />10,388,950
<br />Committed
<br />-
<br />-
<br />-
<br />-
<br />Assigned
<br />5,190,118
<br />7,797,048
<br />12,987,166
<br />Unassigned
<br />66,911,610
<br />229,490
<br />67,141,100
<br />Total fund balances
<br />81,956,946
<br />14,842,143
<br />10,388,950
<br />107,188,039
<br />Total liabilities, deferred inflows of
<br />resources, and fund balances
<br />$
<br />89,050,384
<br />$ 14,860,640
<br />$ 10,413,689
<br />$ 114,324,713
<br />2
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