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<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 WasteSportsPlexProprietary
<br />FundFundFunds
<br />Assets:
<br />Current assets:
<br />Cash and cash equivalents$ 12,764,437$ 296,983$ 13,061,420
<br />Accounts receivable, other 38,768 133,247 172,015
<br /> - - -
<br />Prepaid expenses
<br /> 12,803,205 430,230 13,233,435
<br />Total current assets
<br />Non-current assets:
<br />Non-depreciable assets 3,147,916 1,231,027 4,378,943
<br /> 5,515,593 5,639,292 11,154,885
<br />Capital assets, net of depreciation
<br /> 8,663,509 6,870,319 15,533,828
<br />Total non-current assets
<br /> 21,466,714 7,300,549 28,767,263
<br />Total assets
<br />Liabilities and Net Position:
<br />Liabilities:
<br />Current liabilities:
<br />Accounts payable 56,917 41,257 98,174
<br />Payroll withholdings 57,805 22,325 80,130
<br />Accrued liabilities - - -
<br />Accrued interest 44,157 31,084 75,241
<br />Prepaid fees - 170,737 170,737
<br />Current portion of long-term debt 316,988 633,150 950,138
<br /> 190,621 - 190,621
<br />Compensated absences, current portion
<br /> 666,488 898,553 1,565,041
<br />Total current liabilities
<br />Non-current liabilities:
<br />Compensated absences 127,080 - 127,080
<br />Post-closing liability 13,123,703 - 13,123,703
<br />OPEB liability 1,527,620 - 1,527,620
<br /> 3,977,790 3,427,380 7,405,170
<br />Long-term debt
<br /> 18,756,193 3,427,380 22,183,573
<br />Total non-current liabilities
<br /> 19,422,681 4,325,933 23,748,614
<br />Total liabilities
<br />Net Position:
<br />Net investment in capital assets 1,537,793 2,809,789 4,347,582
<br /> 506,240 164,827 671,067
<br />Unrestricted
<br />$ 2,044,033$ 2,974,616$ 5,018,649
<br />Total net position
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