|
A
<br />Exhibit 4
<br />ORANGE COUNTY, NORTH CAROLINA
<br />MAJOR PROPRIETARY FUNDS
<br />STATEMENT OF NET POSITION - UNAUDITED
<br />March 31, 2014
<br />Total
<br />Major
<br />Major
<br />Solid Waste
<br />SportsPlex
<br />Proprietary
<br />Fund
<br />Fund
<br />Funds
<br />Assets:
<br />Current assets:
<br />Cash and cash equivalents
<br />$ 16,157,724
<br />$ 1,053,462
<br />$ 17,211,186
<br />Accounts receivable, other
<br />100,668
<br />131,353
<br />232,021
<br />Prepaid expenses
<br />-
<br />-
<br />-
<br />Total current assets
<br />16,258,392
<br />1,184,815
<br />17,443,207
<br />Non - current assets:
<br />Non - depreciable assets
<br />5,399,347
<br />795,466
<br />6,194,813
<br />Capital assets, net of depreciation
<br />2,509,402
<br />6,074,853
<br />8,584,255
<br />Total non - current assets
<br />7,908,749
<br />6,870,319
<br />14,779,068
<br />Total assets
<br />24,167,141
<br />8,055,134
<br />32,222,275
<br />Liabilities and Net Position:
<br />Liabilities:
<br />Current liabilities:
<br />Accounts payable
<br />2,532,644
<br />128,220
<br />2,660,864
<br />Payroll withholdings
<br />174,524
<br />20,812
<br />195,336
<br />Accrued liabilities
<br />25,627
<br />-
<br />25,627
<br />Accrued interest
<br />44,157
<br />31,084
<br />75,241
<br />Prepaid fees
<br />-
<br />169,750
<br />169,750
<br />Current portion of long -term debt
<br />558,395
<br />372,682
<br />931,077
<br />Compensated absences, current portion
<br />195,191
<br />-
<br />195,191
<br />Total current liabilities
<br />3,530,538
<br />722,549
<br />4,253,087
<br />Non - current liabilities:
<br />Compensated absences
<br />122,510
<br />-
<br />122,510
<br />Post - closing liability
<br />10,123,703
<br />-
<br />10,123,703
<br />OPEB liability
<br />1,549,889
<br />-
<br />1,549,889
<br />Long -term debt
<br />3,736,383
<br />4,068,817
<br />7,805,200
<br />Total non - current liabilities
<br />15,532,485
<br />4,068,817
<br />19,601,302
<br />Total liabilities
<br />19,063,023
<br />4,791,366
<br />23,854,389
<br />Net Position:
<br />Net investment in capital assets
<br />3,613,971
<br />2,428,820
<br />6,042,791
<br />Unrestricted
<br />1,490,147
<br />834,948
<br />2,325,095
<br />Total net position
<br />$ 5,104,118
<br />$ 3,263,768
<br />$ 8,367,886
<br />
|