SAMUEL K. ANDERS, C.P.A., M.S.A., P.C.  INFOOSAMANDERSCPA.COM 1.800.467.8299  80041 LINVILLE ROAD SUITE G P.O.Box. 447 OAK RIDGE, NC27310  336.643.7577 336.993.3449 FAX: 336.643.3606  Tot the Town Council Town of Oak Ridge, North Carolina  Management is responsible for the accompanying financial statements of the Town of Oak Ridge which comprise the Balance Sheet - Modified Accrual Basis as of October 31, 2023, and the related Statement of Revenues and Expenses - Modified. Accrual Basis for the period then ended and the accompanying supplementary information contained in Schedules 1, 2,3, 4, and 5, and for determining the modified accrual basis of accounting is an acceptable financial reporting framework. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promuigated by the Accounting and Review Services Committee ofthe. AICPA. We did not audit or review thet financial statements and supplementary! information nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we don not express an opinion, a conclusion, nor provide any form of assurance on these financial statements and the accompanying supplementary The financial statements are prepared in accordance with the modified accrual basis of accounting, which is a basis of accounting other than accounting principles generally accepted in the United Management has elected to omit substantially all of the disclosures required by the modified accrual basis of accounting. Ifthe omitted disclosures were included in the financial statements, they might influence the user's conclusions about the Town's assets, liabilities, fund balance, revenues, and expenses. Accordingly, the financial statements are not designed for those who are not informed  information.  States of America.  about such matters.  We are not independent with respect to the Town of Oak Ridge.  Samuel K. Anders, C.P.A., M.S.A., P.C.  November 2, 2023  MEMBER  AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS NORTH CAROLINA ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS    Town of Oak Ridge Balance Sheet Modified Accrual Basis As of October 31, 2023  ASSETS Çurrent Assets Truist Checking Petty Cash Truist Money Market Bank of ORI Money Market Truist Bond Account Bank of ORI ICS Bank of ORI Water Enterprise Account Truist HFP Savings Account Truist HFP Checking Account Piedmont Federal Savings Bank Ad' Valorem Tax Receivable Sales Tax Refund Receivable Water Meters Inventory  254,564.74 100.00 19,472.83 1,010.05 12,908.50 2,189,199.44 23,209.82 2,194,224.02 55,131.69 1,024,057.93 6,044.08 18,910.27 22,178.96 5,821,012.33 5,821,012.33  Total Current Assets  Total Assets  LIABILITIES AND NET ASSETS Current Liabilities Accounts Payable Payroll Taxes Payable Retirement Contributions Payable Refundable Bonds Other Liabilities  26,371.80 2,088.34 12,951.81 12,908.50 54,320.45 13,961.08 68,281.53 3,864,224.02 205,633.00 238,930.62 563.00 26,945.66 46,708.46 4,026.01 20,000.00 1,345,700.03 5,821,012.33  Total Current Liabilities  Deferred Inflows of Resources  Total Liabilities  Fund Balance  Fund Balance Committed- Capital Projects Fund Balance Restricted Stabilization by State Statute Veterans Honor Green MST Fund Water Enterprise Fund Solid Waste Disposal Tax Reserve Historic Heritage Grants Conservation Easements/CORE Grants Fund Balance Unassigned  Total Fund Balance 5,752,730.80  TOTAL LIABILITIES ANDI FUND BALANCE  See Accountant's Compilation Report    ::R  a 88388  -    s  10 R  4 ew        Town of Oak Ridge Supplementary Schedule 1 Account Balances Report- Modified Accrual Basis As of October 31, 2023  Truist, Bank of Oak Ridge, Piedmont Federal  Truist  Truist Checking Truist Money Market Truist HFP Savings Account Truist HFP Checking Account Truist Bond Account Total Truist Accounts  254,564.74 19,472.83 2,194,224.02 55,131.69 12,908.50 2,536,301.78  Bank of Oak Ridge Bank of ORI Money Market Bank of OR ICS Money Market Bank of OR Water Enterprise Acct Total Bank of Oak Ridge Accounts  1,010.05 2,189,199.44 23,209.82 2,213,419.31  Piedmont Federal Savings Bank Piedmont Federal Money Market Total Piedmont Federal  1,024,057.93 1,024,057.93  See Accountant's Compilation Report    8  6  B  -  68888    A  A  0u L6S 5 5   :   i  N  8b5 8BB SBBB  H  0888    A  B A  A a  A  A  D9    4 :es  888 888 88 88BBB5 0 2b 66 5    A  a A  UDUBEELDLUCURE 8888        0    :  a 1  6  AR AAA RR 2 CN ea 9s4 998  8668  8886  8  6  66    A  5 e  Bedadcedddedtteet 8888888        6        e  88B5        Town of Oak Ridge Supplementary Schedule 4 Modified Accrual Basis  Town of Oak Ridge Truist Heritage Farm Park Loan Original Loan Date 4/6/2023 L Loan Amount $3,000,000.00 Monthly Payment Amount $16,666.67 Principal + Interest 15-YearTerm @ 3.94%- - Loan End Date 5/1/2038  Date 6/1/2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032 2032-2033 2033-2034 2034-2035 2035-2036 2036-2037 2037-2038  Payments 34,725.00 313,931.71 306,051.71 298,171.70 290,291.71 282,411.70 274,531.69 266,651.69 258,771.70 250,891.69 243,011.69 235,131.70 227,251.69 219,371.69 211,491.68 186,945.01  Interest 18,058.33 113,931.67 106,051.67 98,171.66 90,291.67 82,411.66 74,531.65 66,651.65 58,771.66 50,891.65 43,011.65 35,131.66 27,251.65 19,371.65 11,491.64 3,612.24  Principal 16,666.67 2,983,333.33 200,000.04 2,783,333.29 200,000.04 2,583,333.25 200,000.04 2,383,333.21 200,000.04 2,183,333.17 200,000.04 1,983,333.13 200,000.04 1,783,333.09 200,000.04 1,583,333.05 200,000.04 1,383,333.01 200,000.04 1,183,332.97 200,000.04 983,332.93 200,000.04 783,332.89 200,000.04 583,332.85 200,000.04 383,332.81 200,000.04 183,332.77 183,332.77  Balance  0.00 0.00  Totals 3,899,633.76  899,633.76 3,000,000.00  See Accountant's Compilation Report