Orange County NC Website
Notes to Financial Statements <br /> Page 8 <br /> Note 5: Amortization of Intangible Costs <br /> Estimated amortization of loan cost for the .next five years is <br /> as follows: <br /> Year Amount <br /> 2014 $ 5,229 <br /> 2015 4,548 <br /> 2016 4,287 <br /> 2017 4,287 <br /> 2018 4,287 <br /> Thereafter 22,442 <br /> 45,OkQ <br /> Note 6: Deferred Revenue <br /> Deferred revenue consists of the following: <br /> 2013 2012 <br /> Medicaid Capitated Payments—Senior <br /> Care $ 190,133 $ 227,912 <br /> U. S. Department of Health <br /> and Human Services— <br /> ACA Grants for New and Expanded <br /> Services under .the Health <br /> Program - 29,615 <br /> U. S. Department of Agriculture 26,647 - <br /> Migrant Health Centers 20,031 <br /> State Grants - 64,318 <br /> S 216,780 341,876 <br /> Note 7 : Notes Payable <br /> 2013 2012 <br /> Short-Term Notes Payable <br /> On July 10, 2013, the organi- <br /> zation entered into a loan <br /> agreement with Branch Bank & <br /> Trust Company. The loan is a <br /> Revolving line of credit which <br /> Provides funds up to $1,500,000; <br /> -21- <br />