SAMUEL K. ANDERS, C,P.A., M.S.A., P.C.  INFO@SAMANDERSCPA.COM 1.800.467.8299  8004 LINVILLE ROAP SUITE G P,O. Box 447 OAK) RIDGE, NC: 27310  336,643.7577 336.993.3449 FAX: 336,643.3606  Toi the Town Council Town of Oak Ridge, North Çarolina  Management is responsible for the accompanying financial statements of the Town of Oak Ridge which comprise the Balance Sheet - Modifled Accrual Basis as of April 30, 2023, and the related Statement of Revenues and Expenses - Modifled. Accrual Basis for the perlod then ended and the accompanying: supplementary information contained in Schedules 1,2,3, and 4, andi for determining the modified accrual basis of accounting is an açceptable financial reporting framework. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and! Review Services promulgated! byt 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 and opinion, a conclusion, nor provide any form of assurance on these financial statements andi the accompanylng 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 oft 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 financlal 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.  boisS  Samuel K. Anders, C.P.A., M.S.A.,P.C.  May 3, 2023  MEMBER  AMERICAN INSTITUTEOF CERTIFIED PUBLIC. ACCOUNTANTS NORTH CAROLINA ASSOCIATION OF CERTIFIED PUBLIC. ACCOUNTANTS    Town of Oak Ridge Balance Sheet Modified Accrual Basis As of April 30, 2023  ASSETS Current. Assets Truist Cheçking Pelty Cash Truist Money! Market Bank of OR Money Market Trulst Bond/ Account Bank of ORI ICS Money Market Bank of OR ARP Funding Account Bank of OR ARP ICS Account Bank of OR Water Enterprise Account Truist HFPA Account Pledmont Federal Savings Bank Ad' Valorem' Tax Reçeivable Sales Tax Refund Receivable  296,217,10 100.00 19,471.84 31,220.31 12,907.73 1,732,196,36 10.00 1,669,929.07 27,821.04 2,994,100.00 1,005,529.53 7,996.08 10,405.17 7,807,904.23 7,807,904.23  Total Current Assets  Tolal Assels  LIABILITIES. AND NET ASSETS Current! Liabillties Accounts Payable Payroll Taxes Payable Retirement Contributions Payable Refundable Bonds Other Liabllities  26,371.80 1,789.47 11,772.41 12,907.73 52,841.41 13,961.08 66,802.49 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 2,586,636,40 7,807,904,23  Total Current Liabilities  Deferred Inflows of Resources  Tolall Liabilities  Fund Balance  Fund Balance- Committed- Capital Projecis Fund Balance- Restricted Stabilization by State Statute Dog Park Veterans Honor Green MST Fund Water Enlerprise Fund Solid Waste! Disposal Tax Reserve Historlc Heritage Grants Conservation Easements/CORE Grants Fund Balance. Unassigned  Total Fund Balance 7,741,101.74  TOTALI LIABILITIES ANP FUNDI BALANCE  See Accountant's Compllation Report    Town of Qak Ridge Modlfied Accrual Basls April 2023  Statement ofF Revenues and Expenses, Budgel and Varlance  Current Yéar Curxent: VTD Budget  Current Month  Aacount Objeot Dagcripbion Revenue  Variande  3000 Proceeds from Debt 3110 Planning and Zoning Fees 3210 Property "Tax Receipts 3220 Exoise Tax Receipts 323D Sales Tax Reçeipte 3250 Bolid Waste Disposal Tax Dist. 3261 Telecommunication Sexvices 3262 Video Programming 3264 Electrio Power 3265 Piped Natural Gas 3311 Gxants 3325 ABC Distribution 3331 Dog Park Fund Donations 3341 Bpecial Iventg-Paxk 3342 Facility Rental 3344 User Fees 3345 Other Paxk Revenue Other 3346 ORYA Stipend Revenue 3370 Veterane Honor Green 3380 MST Committee Revenues 3831 Intexest. Earnings 3839 Miscellaneous Revenues  3,000,000.00 3,000,000.00 1,200,000.00 1,800,000.00 250 15,012.79 1,111,546.51 1,113,600.00 31,322.73 331,346.49 397,712,00 -66,365.51 83  3,660.00  8,510.00 4,439,42 7,956.57 41,740,99 11,681.82 3,007.73 7,440.00 5,979.00 1,754.15 2,307,90 143.00 53,939.27 2,002.40  20,000.00 -11,490.00 43 32,000.00 -32,000.00 5,700,00 12,000.00 55,000.00 -13,259.01 76 15,000.00 1,300.00 15,500.00 7,000,00 4,500.00 30,D00.00 -27,692,10 8 50,000.00 -16,806,25 66 50,00 22,000.00 1.00  -2,053.49 100 -1,260,58 78 -4,043.43 66 -3,316.18 78 15,593.00 107 3,007.73 8,747.53 773 -8,060,00 48 -1,021.00 85 -2,745.85 39 93.00 286 31,939.27 245 2,001.40 **** 101 41,794,19 101 59,222,40 81 3,600.00 83 975,74 79 4,171.79 79 9,779.65 75 13,640.96 81 75.64 96 271.84 89 520.06 40 -288.48 129 2,618,07 93 149,43 100 17,466.90 72 6,658.00 70 15,324.03 69 66.00 99 -500.00 110  145,527.66 205,000.00 -59,472.34 71  75,000.00 903,051,00 2,473,051.00 -1,570,000.00 37 42,003.00 240,593.00 225,000.00 2,607.73 6,525,00 10,047.53 1,508,50 100.00 2,650.00 33,193,75  Total Revenue 3,180,309,75 5,926,208.19 5,884,414,00  Expenses 4100  A@ministrativa 1000 Salary-Town Hall Employees 1001 Salary-Goyerming nody 1008 Medicare Expense 1009 Souial Seaurity Expense 1010 Retixement Expense 1011 ealeh/Dental/Vision 1013 Life Insuzance 1014 Worker Comp 1015 Unemployment 1016 Disability Insuranca 1017 simple IRA Contribution 1081 Accounting 1082 Consulting 1084 Animal Control 1090 Legal Feos 1091 Tax Colleation Fees 1.095 Well Monitoring  26,857,08 244,764.60 303,987.00 1,800.00 18,000,00 409.05 1,749,05 16,014.21 3,249.70 29,616.45 5,365.58 $6,859.04 181..44 65.95 122,32 778.68 5,401,00 89,810,57 6,500.00 45,533,10 5,114.00 15,342.00 8,008.32 34,675.97  21,600.00 4,721,00 20,186,00 39,396,00 70,500.00 2,000.00 2,500.00 1,000.00 1,000.00 9,768.00 90,000.00 63,000,00 22,000.00 50,000.00 5,000.00 5,000,00  3,745.26 1,924,36 2,228.16 479,94 1,263,48 7,149,93 4,934.00 5,500.00  See Accountant's Compilation Report    Town of Oak Ridge Modifled Accrual Basis Aprll2 2023  Slatement ofF Revenues andl Expenses, Budget and Varlance  Cuxrent Year Cuxrent VTD Budget: 4,025.47 585,02 479.34 1,441.50 1,904.92 1,408.05 5,020,22 1,225.00 3,274.86 1,512.03 5,249.47 848,98 340,00 3,467.21 450.00 395.00 4,828.03 669,81 51,00 B,935.43 495.00 1,060.25 2,900.00 3,105.79 1,406,26 5,453.26 380.23 1,097.58 3,897.13 7,051,65 7,934.24  Current Month 112.49 63.00 10,00 398,63 899,46 143,41 B4.00 1,890.47 31,412.99 63.25 764,60 99.00  Acdount Objeut Desaxiption 2610 Office Supplies 2617 Postage and Delivery 3100 Travel 3101 Traval-ainiatrative 3120 Mileage Reimbursement 3150 Education 3210 Communicationa 3320 Web Hosting Fees 3700 Advertising 3950 Dues and Sybsdriptions 3960 Bank and Merchant Pees 3981 Speoial Rvents 3990 Miscellaneous 4210 Board of Adjustment 4220 Hietoric Premervation Commission 4230 Ordinançe Conversion 4240 Planning a Zoning Board 4250 Tree Board 4300 Equipment Lease 4350 MST Committee 4360 Consorvation Basement. Committee 4500 Llability Building and Grounds 1083 Security Monitoring 2110 Purnishings 3310 Electricity 3510 Repaixs & Maintenance 3515 Cleaning Cultural and Recreation Expense 1004 Salaxy-Other 1008 Medicare Expense 1009 Social Becurity Expense 1010 Retixement Expense 1011 Mealt/pantal/leion 1013 Life Insurance 1014 Worker Comp 1016 Unemployment 1016 Disability Insurance 1017 Simpla IRA Contribution 3500 Operatione and Maintenance 3833 Contributions to Othex Agencies 3981 Special Events 3983 ORYA Stipend Expense 4500 Liability Insurance  Vaxiance 774.53 84 414.98 59 520,66 48 1,058.40 58 1,095.08 63 5,591.95 20 1,579.78 76 2,775.00 41 725.14 82 587.01. 98 287.97 84 2,000.53 72 -346.98 170 160,00 68 9,332,79 29 3,000.00 550.00 45 1,105.00 26 1,771.97 73 830,19 45 19,949.00 -935.43 112 -135.00 138 2,439.75 30 6,300,97 67 -909,62 108 1,900.00 60 9,596,10 76 44,145.92 83 639.21. 83 2,737.01 83 9,393,14 70 9,269.23 84 393,74 70 546,94 91 819.77 32 102,42 91 3,852.87 50 38,053.76 77 1,948.35 78 -9,729.52 140 30,000,00 -434.24 106  4,800.00 1,000.00 1,000.00 2,500.00 3,000,00 7,000.00 6,600.00 3,000.00 4,000.00 32,000.00 1,800.00 7,250.00 500,00 500.00 12,B00.00 3,000.00 1,000,00 1,500.00 6,600,00 1,500.00 20,000.00 8,000,00 840,008.00 184,617.50 78 360.00 3,500.00 19,000.00 12,000.00 4,800.00 39,660.00 3,745.00 16,017.00 31,260.00 50,288.00 1,800.00 6,000,00 1,200.00 1,200.00 7,750.00 167,700.00 9,000.00 24,500.00 30,000.00 7,500.00  Total Account  70,130.30 655,390.50 105.00 122.63 12,699,03 2,096.00 12,909.62 290.00 2,613.63 30,063.90 22,669.95 214,194,08 258,340.00 320.71 1,405.49 13,279.99 2,216.84 21,866.86 1,205.77 49,018.77 -11.64 53.35 22.09 438.54 18,771.59 129,646.24 1,071.30 1,552,00 34,229.52  5000  Total Acoount  6200  Total Acaount  49,723.99 492,561.60 624,300.00 131,738,40 79  See Acoountant's Compllation Report    Town of Oak Ridge Modifled Accrual Basis April 2023  Statement ofF Revenues and Expenses, Budget and Varlance  Current Year Current YTD Budget 18,024.99  Current Month  Agcount Object Doscription  Variance 10,976.01 62  6300  Capital Expenses 5210 Capital Exp GIS, Computer, etc 5500 Capital Outlay-squpment. and Land Improvements 5700 Capital outlay-Park Land and pebt. Bexvice  29,000,00  28,639,04 260,908.40 5,519,500.00 5,250,591.60 5 5,900.00 1,200,700.00 305,511,00 -895,189.00 393 34,539,04 1,487,633.39. 5,854,011.00 4,366,377.61 25  otal Aadount  Total Expenses 157,007.04 2,665,649,39 7,357,979.00 4,692,329,61 36  Net Revenue 3,023,382.71 3,260,558,80  See Accountant's Çompilation Report    Town of Oak Ridge Supplementary Schedule 1 Account Balances Report- Modified Accrual Basis As of April 30, 2023  Truist, Bank of Oak Ridge, Piedmont Federal  Truist  Checking/Savings  Truist Checking Truisti Money Market Truist! HFP Account Truist Bond Account  296,217.10 19,471.84 2,994,100,00 12,907.73 3,322,696.67  Total Checking/Savings  Bank of Oak Ridge Bank of ORI Money Market Bank of OR ICS Money Market Bank ofOR ARP Funding Acct Bank of OR ARP ICS Account Bank of OR Water Enterprise Acct  Checking/Savings  31,220.31 1,732,196.36 10.00 1,669,929.07 27,821.04 3,461,176,78  Total Checking/Savings  Pledmont Federal Savings Bank Pledmont Federal Money Market  Checking/Sayings Total Checking/Savings  1,005,529.53 1,005,529.53  See Accountant's Compllation Report    6 a 1 88 e  1  AAS  886  bb5    R A A 9 3  AAA  e  B6E Bobb B8bb BEBE 88 EBb  888888    888888 86bbb Bu 28888888 BBbB    A  A A A  8888 68    888668  688  888888    A  Sub Bobb 6B  Bb curobsodatcbaiaiain    RR  888888  88888            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 Principle + Interest 15-Year Term @ 3.94%-Loan End Date! 5/1/2038  Date 6/1/2023 2023-2024 313,931.71 2024-2025 306,051.71 2025-2026 298,171,70 2026-202.7 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032 2032-2033 2033-2034 235,131.70 2034-2035 2035-2036 219,371.69 2036-2037 211,491.68 2037-2038 186,945.01 Totals 3,899,633.76  Payments 34,725.00  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  290,291,71 282,411.70 274,531.69 266,651.69 258,771.70 250,891.69 243,011,69 227,251,69  0.00 0.00  899,633.76 3,000,000.00 :  See Accountant's Compilation Report