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12
<br />Exhibit 4
<br />ORANGE COUNTY, NORTH CAROLINA
<br />MAJOR PROPRIETARY FUNDS
<br />STATEMENT OF NET POSITION - UNAUDITED
<br />September 30, 2014
<br />Non - current liabilities
<br />Compensated absences
<br />127,080
<br />-
<br />Total
<br />Post - closing liability
<br />Major
<br />Major
<br />13,123,703
<br />Solid Waste
<br />SportsPlex
<br />Proprietary
<br />1,527,620
<br />Fund
<br />Fund
<br />Funds
<br />Assets:
<br />Total non - current liabilities
<br />18,756,193
<br />3,796,980
<br />Current assets:
<br />Total liabilities
<br />19,127,414
<br />4,315,881
<br />Cash and cash equivalents
<br />$ 11,147,050
<br />$ 509,685
<br />$ 11,656,735
<br />Accounts receivable, other
<br />38,768
<br />131,353
<br />170,121
<br />Prepaid expenses
<br />-
<br />-
<br />-
<br />Total current assets
<br />11,185,818
<br />641,038
<br />11,826,856
<br />3,917,330
<br />Non - current assets:
<br />Non - depreciable assets
<br />1,442,890
<br />794,466
<br />2,237,356
<br />Capital assets, net of depreciation
<br />7,220,560
<br />6,075,853
<br />13,296,413
<br />Total non - current assets
<br />8,663,450
<br />6,870,319
<br />15,533,769
<br />Total assets
<br />19,849,268
<br />7,511,357
<br />27,360,625
<br />Liabilities and Net Position:
<br />Liabilities:
<br />Current liabilities:
<br />Accounts payable
<br />54,853
<br />33,705
<br />88,558
<br />Payroll withholdings
<br />55,723
<br />20,812
<br />76,535
<br />Accrued liabilities
<br />25,867
<br />-
<br />25,867
<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 />-
<br />263,550
<br />263,550
<br />Compensated absences, current portion
<br />190,621
<br />-
<br />190,621
<br />Total current liabilities
<br />371,221
<br />518,901
<br />890,122
<br />Non - current liabilities
<br />Compensated absences
<br />127,080
<br />-
<br />127,080
<br />Post - closing liability
<br />13,123,703
<br />-
<br />13,123,703
<br />OPEB liability
<br />1,527,620
<br />-
<br />1,527,620
<br />Long -term debt
<br />3,977,790
<br />3,796,980
<br />7,774,770
<br />Total non - current liabilities
<br />18,756,193
<br />3,796,980
<br />22,553,173
<br />Total liabilities
<br />19,127,414
<br />4,315,881
<br />23,443,295
<br />Net Position:
<br />Net investment in capital assets
<br />4,685,660
<br />2,809,789
<br />7,495,449
<br />Unrestricted
<br />(3,963,806)
<br />385,687
<br />(3,578,119)
<br />Total net position
<br />$ 721,854 $
<br />3,195,476 $
<br />3,917,330
<br />
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