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  To 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-M Modified Accrual Basis as of. January 31, 2023, and the related Statement of Revenues and Expenses - Modified Accrual Basis for the period then ended and the accompanying: supplementaryi 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 Revlew Services promulgated! byt the Accounting and Review Services Committee oftheAICPA. 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 acçordance 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, liablitles, 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 tot the Town of Oak Ridge.  Samuel K. Anders, C.P.A., M.S.A., P.C.  February 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 January 31, 2023  ASSETS Current Assets Truist Checking Petty Cash Truist Money Market Bank of ORI Money Market Truist 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 Pledmont Federal Savings Bank Ad' Valorem Tax Receivable Sales' Tax Refund Receivable  293,527,63 100.00 19,471.35 31,105.82 12,907.52 2,663,480.40 10.00 1,657,826.82 27,821.04 1,000,000,00 7,996.08 7,270,64 5,721,517.30 5,721,517.30  Total Gurrent. Assets  Tolal Assets  LIABILITIES AND NET ASSETS Current Liabilities Accounts Payable Payroll Taxes Payable Retirement Contributions Payable Refundable Bonds Other Liabilities  26,371.80 1,894.89 10,407.16 12,907.52 51,581.37 13,961.08 65,542.45 1,685,863.84 205,633.00 507.75 169,242.24 27,821.04 46,708.46 4,026.01 20,000.00 3,496,172.51 5,721,517.30  Total Current Llabilities  Deferred Inflows of Resources  Total Liabilities  Fund Balance  Fund Balance - Committed- Capital Projects Fund Balance- Restricted Stabillzation by State Statule Dog Park Veterans Honor Green Water Enterprise Fund Solid Waste Disposal Tax Reserve Historic Heritage Grants Conservation Easements/CORE Grants Fund Balance Unassigned  Total Fund! Balance 5,655,974,85  TOTAL LIABILITIES ANDI FUND BALANCE  See. Accountanl's Compilalion Report    Town of Oak Ridge Modiled AccrualE Basis January; 2023  Stalement ofF Revenues and Expenses, Budget and' Variance  Current Yoar Current YTD Budget  Current Month  Account: Objoot Dosoription Revenue  Variance  3000 Proçeeds Erom 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 Telecommunication Services 3262 Video Programming 3264 Electric Power 3265 Piped Natural Gas 3311 Grants 3325 ABC Distribution 3341 Special Events-Park 3342 Facility Rontal 3344 User Fees 3345 Other Park Revenue Other 3346 ORYA Stipend Revenue 3370 Veterans Honor Green 3380 MST Committee Revenues 3031 Interest Earnings 3839 Miscellaneous Revenues  1,200,000.00 -1,200,000.00 20,000.00 32,000,00 -32,000.00 5,700.00 12,000.00 55,000.00 -26,692.00 51 15,000.00 1,300,00 15,500.00 -11,387.50 27 7,000.00 4,500.00 30,000.00 -27,831.10 7 50,000.00 -20,956.25 58 50.00 22,000.00 1.00  4,150.00 2,729.98 5,761.29 28,308,00 5,346.04 2,182.53 4,112.50 5,879.00 1,322,15 2,168.90 20.00 17,476.55 2,002.40  -15,850.00 21 -2,970.02 48 -6,238.71 48 -9,653.96 36 882.53 168 -1,121.00 84 -3,177.85 29 -30.00 40 -4,523.45 79 2,001.40 41  107,349.68 967,289.75 1,113,600.00 -146,310.25 87 33,203.21 229,087.99 397,712.00 -168,624,01 58  95,782.08 205,000.00 -109,217,92 47 828,051.00 2,473,051.00 -1,645,000.00 33  103,592.00 198,590.00 225,000,00 -26,410.00 08  37.50 100.00 6,345,00 29,043.75 1.40  Total Ravenua 250,628,79 2,429,303.91 5,884,414,00 -3,455,110.09 41  Expenses 4100  Administrative 1000 Salary-Town Hall Employees 1001 Salary-Governing Body 1008 Medicare Expense 1009 Social Security Expanse 1010 Retirement Expense 1011 ealth/Dantai/iBion 1013 Life Insurance 1014 Worker Comp 1015 Unemployment 1016 Disability Insurance 1017 Simple IRA Contribution 1081 Accounting 1082 Consulting 1084 Animal Control 1090 Lagal Fees 1091 Tax Collection Fees 1095 Well Monitoring 2610 Office Supplies  24,077,08 164,457,36 1,800.00 12,600.00 377.32 1,613,40 10,777.94 3,010.12 19,899,29 11,029.54 41,106.42 351.88 70.26 237.32 691.56 3,025.00 69,716.93 3,657.50 27,477.20 5,114.00 10,228.00 2,500.00 19,667.26 4,934.00 147.90  303,987.00 139,529.64 54 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 4,800.00  9,000.00 5B 2,200.36 53 9,400.06 53 19,496.71 51 29,393.58 58 677.56 66 271.84 89 737.87 26 100,44 90 4,946,19 49 20,283.07 77 35,522.80 44 11,772.00 46 30,332,74 39 66.00 99 -500.00 110 1,774.12 63  2,520.64 1,322.44 2,228.16 262.13 899.56 4,821.81  4,934.00 5,500.00 3,025,88  See Accountant's Compllallon Repori    Town of Oak Ridge Modifled Accrual Basis January: 2023  Slatement off Revenues and Expenses, Budgel and' Variance  Current Year Çurrent: XTD Budget 347.13 100.00 1,042.97 31.25 694.59 1,408,05 579.50 3,341.68 1,225.00 1,519.18 79.01 27,377.50 58.00 1,000.02 96.95 5,086.87 -1.02 1,646.98 340,00 29.95 1,400.63 450.00 395.00 615.77 3,680.10 669.81 51.00 8,595.43 549.00 1,060.25 7,894.98 4,202.72 2,030.00 2,157.40 9,224.80 1,030.70 5,453.26 211.50 795.05 2,777.08 4,106.47 21,552.52 7,934.24  Current Month  Account: Objeot Desoription 2611 Postage and Delivery 3100 Travel 3101 Traval-Adainistrative 3120 Mileage Reimbursement 3150 Education 3210 Communications 3320 Web Hosting Fees 3700 Advertising 3950 Ducs and Subscriptions 3960 Bank and Merchant. Fees 3981 Spacial 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 Fasement Committee 4500 Liability Insurance Building and Grounds 1083 Security Monitoring 2110 Furnishings 3310 Electricity 3510 Repairs k Maintenance 3515 Cleaning Cultural and Recreation Expense 1004 Salary-other 1008 Medicare Expanse 1009 Social. Security Expense 1010 Retirement Expense 1011 Health/Dantai/ision 1013 Life Insurançe 1014 Worker Comp 1015 Unemployment 1016 Disability Insurance 1017 Simple IRA Contribution 3500 Operations and Maintenance 3833 Contributions to Other Agencies 3981 Special Events 3983 ORYA Stipend Expense 4500 Liability Insurance Capital Expenses  Variança 652.07 35 900.00 10 1,457.03 42 2,305.41 23 5,591.95 20 3,258.32 51 1,775.00 41 2,480.82 30 4,622,50 06 799.98 56 2,163.13 70 -1,146.98 329 160.00 68 10,399.37 12 3,000.00 550.00 45 1,105.00 26 2,919.90 56 830.19 45 19,949,00 -595.43 107 -189.00 153 2,439.75 30 11,105.02 42 7,797.28 35 2,770.00 42 23,923.05 40 1,587,60 5B 6,792.20 58 15,955.93 49 22,286.44 62 769.30 57 546.74 91 988.50 18 404.95 66 4,972,92 36 92,300.37 45 4,893.53 46 2,947.48 08 30,000.00 -434.24 105  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 11,800.00 3,000.00 1,000.00 1,500,00 6,600.00 1,500.00 20,000.00 8,000.00 360.00 3,500.00 19,000.00 12,000.00 4,800.00 39,660.00 3,745.00 16,017.00 31,260.00 58,288,00 1,800,00 6,000.00 1,200.00 1,200.00 7,750.00 9,000.00 24,500.00 30,000.00 7,500.00 624,300.00 293,468.92 53  Total Aacount  64,926.29 461,816.96 040,000.00 378,191.04 55  5000  105.00 1,664,49 384.00 290.00 2,443,49 15,736.95 315.29 1,348.14 2,301.62 15,304.07 9,226.56 36,001.56 278.06 58.72 207.46 350.97  Total Aacount  6200  21,839.74 140,B82,80 258,340.00 109,457.20 58  7,700.44 75,399.63 167,700.00  Total Aocount  43,627.00 330,831,08  6300  See Accountanl's Compliation Report    Town of Oak Ridge Madified. Accrual Basis January 2023  Statemen! off Revenues and! Expenses, Budget and' Varlance  Current Yaar Current YTD Budgat:. 260,152,41 305,511.00  Current Month  Account Objeot Desoription  Vaxiance 29,000.00 45,358.59 85  5210 Capital. Exp GIS, Computer, etc 5500 Capital Outlay-Equipment and Land Improvements 5700 Capital Outlay-Land and Improvements  29,000.00  6,125.00 185,081.95 5,519,500.00 5,334,418.05 3 6,125.00 445,234.36 5,854,011.00 5,408,776.64 8  Total Account  Total Expenses 117,121,78 1,253,619,35 7,357,979.00 6,104,359.65 17  Net Income from operations  133,507.01 133,507.01  1,175,684.56 1,175,684.56  Net Income  See Accounlant's Compllatlon Report    Town of Oak Ridge Supplementary Schedule 1 Account Balances Report- Truist and Bank of Oak Ridge Modified Accrual Basis As of January 31, 2023  Truist  Checking/Savings  Truist Checking Truist Money Market Trulst Bond Account  293,527,63 19,471.35 12,907.52 325,906.50  Total Checking/Savings  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  Checking/Savings  31,105.82 2,663,480.40 10,00 1,657,826,82 27,821.04 4,380,244.08  Total Checking/Savings  Piedmont Federal Savings Bank Pledmont Federal Money Market  Checking/Savings Total Checking/Sayings  1,000,000.00 1,000,000.00  See Accountanl's Compllation Report    B  de  B  3  A  R  B    a Dn 94889 4488  s 8 B E  U E  # E  3 B  B W B  lE    BB B  E  B    39488  B DB  B  B  dB  B    8 de   BE  DE  B  B  8  9  3    88 BBBRPBBBBBEBPBR  Rs UH  8    88        Town of Oak Ridge Supplementary Schedule 4 Modified. Accrual Basis  Town of Oak Ridge Whitaker Land  Orlginal Loan Date 7/16/2018 Loan Amount $1,620,000.00 Payment Amount Varles ($180,000,00 +1 Interest) 10-Year Term @ 6%-1 Loan End Date 7/16/2027  Date 7/16/2018 7/16/2019 7/16/2020 266,400.00 7/16/2021 255,600.00 7/16/2022 244,800.00 7/16/2023 7/16/2024 7/16/2025 7/16/2026 7/16/2027  Payment 180,000.00 277,200.00  Interest 0,00 97,200.00 86,400.00 75,600,00 64,800,00  Principal 180,000.00 1,620,000,00 180,000,00 1,440,000.00 180,000,00 1,260,000.00 180,000.00 1,080,000,00 180,000.00 900,000.00  Balance  900,000.00 900,000.00 900,000.00 900,000.00  Projected Totals  1,224,000.00  324,000.00  900,000.00  0.00  See Accountant's Compliation Report