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6
<br />Exhibit 1
<br />ORANGE COUNTY, NORTH CAROLINA
<br />BALANCE SHEET - MAJOR GOVERNMENTAL FUNDS (UNAUDITED)
<br />June 30, 2014
<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 />57,752,932
<br />$
<br />$
<br />$ 57,752,932
<br />Accounts receivable,
<br />property taxes, net
<br />3,859,917
<br />3,859,917
<br />Accounts receivable, federal
<br />570,610
<br />568,792
<br />1,139,402
<br />Accounts receivable, State
<br />7,993,210
<br />1,113,925
<br />9,107,135
<br />Accounts receivable, other
<br />577,238
<br />-
<br />577,238
<br />Inventories
<br />29,243
<br />29,243
<br />Due from other funds
<br />163,337
<br />-
<br />-
<br />163,337
<br />Restricted cash and investments
<br />-
<br />12,284,549
<br />8,504,383
<br />20,788,932
<br />Total assets
<br />$
<br />70,946,487
<br />$ 13,967,266
<br />$ 8,504,383
<br />$ 93,418,136
<br />Liabilities, Deferred Inflows of
<br />Resources, and Fund Balance:
<br />Liabilities:
<br />Accounts payable
<br />$
<br />2,571,918
<br />$ 1,315,488
<br />$ 1,390,186
<br />$ 5,277,592
<br />Accrued payroll and withholdings
<br />2,466,597
<br />-
<br />-
<br />2,466,597
<br />Accrued liabilities
<br />634,664
<br />634,664
<br />Due to other funds
<br />-
<br />-
<br />-
<br />-
<br />Arbitrage payable
<br />-
<br />14,637
<br />24,739
<br />39,376
<br />Total liabilities
<br />5,673,179
<br />1,330,125
<br />1,414,925
<br />8,418,229
<br />Deferred Inflows of Resources:
<br />Unavailable grant revenue
<br />-
<br />-
<br />-
<br />-
<br />Property taxes receivable
<br />2,756,836
<br />2,756,836
<br />Prepaid taxes
<br />370,984
<br />370,984
<br />Total Deferred inflows of resources
<br />3,127,820
<br />3,127,820
<br />Fund Balances:
<br />Non - spendable:
<br />Prepaid items
<br />-
<br />-
<br />Inventories
<br />29,243
<br />-
<br />29,243
<br />Restricted for:
<br />Stabilization for State statute
<br />11,180,540
<br />5,412,727
<br />-
<br />16,593,267
<br />Restricted, all other
<br />-
<br />-
<br />7,089,458
<br />7,089,458
<br />Committed
<br />6,000,641
<br />-
<br />-
<br />6,000,641
<br />Assigned
<br />10,068,343
<br />7,224,414
<br />17,292,757
<br />Unassigned
<br />34,866,721
<br />-
<br />34,866,721
<br />Total fund balances
<br />62,145,488
<br />12,637,141
<br />7,089,458
<br />81,872,087
<br />Total liabilities, deferred inflows of
<br />resources, and fund balances
<br />$
<br />70,946,487
<br />$ 13,967,266
<br />$ 8,504,383
<br />$ 93,418,136
<br />
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