SAMUEL K. ANDERS, C.P.A., M.S.A., P.C.  INFO@SAMANDERSCPA.COM 1.800.467.8299  8004 LINVILLE ROAD SUITE G P.O. Box 447 OAK RIDGE, NC 27310  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 June 30, 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, and 4, 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 Servicesp promuigated by the Accounting and Review Services Committee oft the AICPA. We did not audit or review the 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 do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements and the accompanying supplementary information. 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  States of America.  about such matters.  We are not independent with respect to the' Town of Oak Ridge.  Pyw  Samuel K. Anders, C.P.A., M.S.A., P.C.  July 10, 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. June 30, 2023  ASSETS Current Assets Truist Checking Petty Cash Truist Money Market Bank of ORI Money Market Truist Bond/ Account Bank of ORI ICSI Money Market Bank of OR ARP Funding Account Bank of OR ARP ICS Account Bank of OR Water Enterprise Account Truist HFP. Account Piedmont Federal Savings Bank Ad Valorem Tax Receivable Sales Tax Refund Reçeivable  129,762.24 100,00 19,472.17 31,298.15 12,908.06 1,740,756.96 10.00 1,678,181.92 27,821.04 2,994,120.51 1,010,728.48 7,996.08 14,149.30 7,667,304.91 7,667,304.91  Total Current Assets  Total Assets  LIABILITIES ANDI NET ASSETS Current Liabilities Accounts Payable Payroll Taxes Payable Retirement Contributions Payable Refundable Bonds Other Liabilities  26,371.80 1,912.92 11,624.20 12,908.06 52,816.98 13,961.08 66,778.06 4,679,963.84 205,633.00 507.75 169,242.24 563.00 27,821.04 46,708.46 4,026.01 20,000.00 2,446,061.51 7,667,304.91  Total Current Liabilities  Deferred Inflows of Resources  Total Liabilities  Fund Balance  Fund Balance Committed Capital Projects Fund Balance Restricted Stabilization by State Statute Dog Park Veterans Honor Green MSTI Fund Water Enterprise Fund Solid Waste Disposal Tax Reserve Historic Heritage Grants Conservation Easements/CORE Grants Fund Balance Unassigned  Total Fund Balance 7,600,526.85  TOTALI LIABILITIES AND FUNDI BALANCE  See Accountant's Compilation Report    Town of Oak Ridge Modified Accrual Basis June: 2023  Statement of Revenues and Expenses, Budget and' Variance  Current Year Current YTD  Current Month  Account object Description Revenue 3000 Proceeds from Debt 3110 Planning and Zoning Fees 3210 Property Tax Receipts 3220 Excise Tax Receipts 3230 Sales Tax Receipts 3250 Solid Waste Disposal Tax Dist. 3261 Telecommumication Services 3262 Video Programming 3264 Electric Power 3265 Piped Natural Gas 3311 Grants 3325 ABC Distribution 3331 Dog Park Fund Donations 3341 Special Events-Park 3342 Pacility Rental 3343 Program Fees 3344 User Fees 3345 Other Park Revenue Other 3346 ORYA Stipend Revenue 3370 Veterans Honor Green 3380 MST Committee Revenues 3831 Interest Earnings 3839 Miscellaneous Revenues  Budget  Variance  3,000,000.00 1,200,000.00 10,591.70 34,268.97 392,026.27 5,885.46 11,199.50 55,315.32 210,045,64 26,897.81 903,051,00 2,473,051.00 240,593.00 -191.06 17,479.78 9,711.50 2,462.00 6,079.00 1,754.15 2,307.90 52,943.75 143.00 76,050.35 4,752.40  1,800,000.00 250 -9,408.30 53 18,258.24 102 2,268.97.107 -5,685.73 99 185.46_103 -800.50 93 315.32.101 5,045.64_102 11,897.81_179 1,570,000.00 37 15,593.00 107 -191.06 6,179.78 155 -5,788.50 63 2,462.00 -921.00 87 -2,745.85 39 -27,692.10 8 2,943.75_106 93.00_286 54,050.35.346 4,751.40**** 105 300,811.68 105  2,081,70 35,754.48 3,242.93 13,574.33 64,517.9B 15,215,99 34.00 944.00 1,039.50 2,037.00 5,500.00 2,750.00  20,000.00 32,000.00 397,712.00 5,700.00 12,000.00 55,000.00 205,000.00 15,000.00 225,000.00 11,300.00 15,500.00 7,000.00 4,500.00 30,000.00 50,000.00 50.00 22,000.00 1.00  8,445.74 1,131,858.24 1,113,600.00  Total Revenue  155,137.65 6,195,225.68 5,894,414.00  Expenses 4100 Administrative 1000 Salary-Town Hall Employees 1001 Salary-Governing Body 1004 Salary-other 1008 Medicare Expense 1009 Social Security Expense 1010 Retirement Expense 1011 eale/Dentai/ision 1013 Life Insurance 1014 Worker Comp 1015 Unemployment 1016 Disability Insurance 1017 Simple IRA Contribution 1081 Accounting 1082 Consulting 1084 Animal Control 1090 Legal Fees 84  26,725.08 1,800.00 407.15 1,740.87 3,233.73 5,730.58 181.44 26.53 124.32 774.72 7,397.50 4,221,25 5,116.00 4,569.27  298,338.51 21,600.00 4,561.34 19,503.63 36,098.88 67,955.20 2,287.24 2,228.16 560.03 1,535.12 8,703.08 100,931.17 52,852.35 20,458.00 42,017.24  303,987.00 21,600.00 22,420.00 5,067.00 21,571.00 39,396.00 70,500.00 2,292.00 2,500.00 1,000.00 1,536.00 9,768.00 100,950.00 63,000.00 22,000.00 50,000.00  5,648.49 98 100 22,420.00 505.66 90 2,067.37 90 3,297.12 92 2,544.80 96 4.76 100 271.84 89 439.97 56 0.88100 1,064.92 89 18.83_100 10,147.65 84 1,542.00 93 7,982.76  See Accountant's Compilation Report    Town of Oak Ridge Modified. Accrual Basis June: 2023  Statement ofF Revenues and Expenses, Budget and' Variance  Current Year Current YTD 4,934.00 5,500.00 4,746.98 828.12 489.34 1,441.60 2,139.31 1,408,05 6,486.78 1,225.00 4,315.06 33,654.94 1,940.23 6,910.03 248.98 340.00 6,837.21 450.00 463.50 6,466.55 822.60 51.00 8,935.43 780,264.66 22,178.96 22,178.96 420.00 1,060.25 15,218.34 13,027.62 3,530.00 33,256.21 260,214.20 3,773.08 16,133.18 26,258.99 59,088,85 1,558.58 5,453.26 460.59 1,329.46 4,769.24 174,059.56  Current Month  Account Object Description 1091 Tax Collection Fees 1095 Well Monitoring 2610 Office Supplies 2611 Postage and Delivery 3100 Travel 3101 Travel-Aaministrative. 3120 Mileage 3150 Education 3210 Communications 3320 Web Hosting Fees 3700 Advertising 3950 Dues and Subscriptions 3960 Bank and Merchant Fees 3981 Special Events 3990 Miscellaneous 4210 Board of Adjustment 4220 Historic Preservation Commission 4230 Ordinance Conversion 4240 Planning & Zoning Board 4250 Tree Board 4300 Equipment Lease 4350 MST Committee 4360 Conservation Easement Committee 4500 Liability Insurance 4200 Water Operating Expenses 4630 Meter Cost 5000 Building and Grounds 1083 Security Monitoring 2110 Furnishings 3310 Electricity 3510 Repairs & Maintenance 3515 Cleaning 6200 1004 Salary-other 1008 Medicare Expense 1009 Social Security Expense 1010 Retirement Expense 1011 ealth/Pental/Vision 1013 Life Insurance 1014 Worker Comp 1015 Unemployment 1016 Disability Insurance 1017 Simple IRA Contribution 3500 Operations and Maintenance  Budget 5,000.00 5,500.00 4,800.00 1,000.00 1,000.00 2,500.00 3,000.00 7,000.00 6,600.00 3,000.00 4,400.00 33,655.00 1,830.00 7,250.00 500.00 500.00 11,800.00 3,000.00 1,000.00 1,500.00 6,600.00 1,500.00 20,000.00 8,936.00 879,458,00 22,178.96 22,178.96 420.00 3,500.00 19,000.00 13,030.00 4,800.00 40,750.00 276,129.00 4,005.00 17,099.00 31,260.00 59,090.00 1,B00.00 6,000.00 1,200.00 1,345.00 7,750.00 175,950.00  Variance  66.00 99 100 53.02 99 171.88 83 510.66 49 1,058.40 58 860.69 71 5,591.95 20 113.22 98 1,775.00 41 84.94 98 0.06100 -110.23 106 339.97 95 251.02 50 160.00 68 4,962.79 58 3,000.00 550.00 45 1,036.50 31 133.45 98 677.40 55 19,949.00 0.57100 99,193.34 89 100 100 100 2,439.75 30 3,781.66 80 2.38 100 1,270.00 74 7,493.79 B2 15,914.80 94 231.92 94 965.82 94 5,001.01 84 1.15 100 241.42 87 546.74 91 739.41 38 15.54 99 2,980.76 62 1,890.44  193.75 241.60 10.00 176.75 873.01 586.22 372.01 63.25 1,496.22 -600.00 2,020.00 68.50 917.60 101.59 68,568.94 22,178.96 22,178.96  Total Account Total Account  1,248.42 59.00 630.00 1,937.42 22,219.77 322.20 1,377.59 2,170.94 5,249.54 80.44 38.07 108.69 432.49 37,352.97  Total Account  Cultural and Recreation Expense  99  See Accountant's Compilation Report    Town of Oak Ridge Modified Accrual Basis June 2023  Statement ofF Revenues and Expenses, Budget and' Variance  Current Year Current YTD 7,051.65 35,751.88 8,434.24 604,336.76 28,427.71 391,533.37 5,519,500.00 1,200,700.00 1,255,511.00  Current Month -14,826.32 54,526.38 1,064.80 67,605.14  Account Object Description 3833 Contributions to Other Agencies 3981 Special Events 3983 ORYA Stipend Expense 4500 Liability 6300  Budget 9,000.00 35,751.88 30,000.00 8,435.00 664,814.88 29,000,00  Variance  1,948.35 78 100 30,000.00 0.76 100 60,478.12 91 572.29 98 5,127,966,63 7 54,811.00 96 5,183,349.92 24 5,350,515.17 36  Total Account  Capital Expenses 5210 Capital Exp GIS, Computer, etc 5500 Capital Outlay-Equipment and Land Improvements 5700 Capital Outlay-Park Land and Debt Service  Total Account  68,669.94 1,620,661.08 6,804,011.00 215,881.64 3,060,697.67 8,411,212.84 -60,743.99 3,134,528.01  Total Expenses Net Revenues  See Accountant's Compilation Report    Town of Oak Ridge Supplementary Schedule 1 Account Balances Report- Modified Accrual Basis As of June 30, 2023  Truist, Bank of Oak Ridge, Piedmont Federal  Truist  Truist Checking Truist Money Market Truist HFP Account Truist Bond Account Total Truist Accounts  129,762.24 19,472.17 2,994,120.51 12,908.06 3,156,262.98  Bank of Oak Ridge Bank of OR Money Market Bank of OR ICS Money Market Bank of OR ARP Funding Acct Bank of OR ARP ICS Account Bank of OR Water Enterprise Acct Total Bank of Oak Ridge Accounts  31,298.15 1,740,756.96 10.00 1,678,181.92 27,821,04 3,478,068.07  Piedmont Federal Savings Bank Piedmont Federal Money Market Total Piedmont Federal  1,010,728.48 1,010,728.48  See Accountant's Compilation Report    6  8  &  11  28e  8  866    R  de  a 88 w505 EB8E  E  3S  BBB EBB E855 S8EB 3BBB 58    a  A  d:  48  88 888888 G888 28 8888 08855B5 B88    e  e  de a DB  1e  088868 BBB 8888888888 5 388 00        3  N  83 848  2  N  68  8668  886  55 E8bB    8888888688088budcddtttetbet:8888800880806    AR  3888855 EUCOCOGCGEGURRERE        8888888BBBE        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 Loan Amount $3,000,000.00 Monthly Payment Amount $16,666.67 Principal + Interest 15-Year Term @ 3.94%-L 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