SAMUEL K. ANDERS, C.P.A., M.S.A., P.C.  INFOOSAMANDERSCPA.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 accompanylng financial statements of the Town of Oak Ridge which comprise the Balance Sheet Modified Accrual Basis as of December 31, 2022, 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 Services promulgated by the Accounting and Review Services Committee ofthe AICPA. We did not audit or review thei financial statements and supplementary information nor were we required to perform any procedures to verlfy 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 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. If the omitted disclosures were included int 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 tot the Town of Oak Ridge.  SSoS  Samuel K. Anders, C.P.A., M.S.A., P.C.  January 4, 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 December 31, 2022  ASSETS Current Assets Truist Checking Pelly Cash Truist Money! Market Bank of ORI Money Market Trulst Bond Account Bank of OR ICSI Money Market Bank of OR ARP Funding Açcount Bank of OR ARP ICS Account Bank of OR Water Enterprise Acçount Ad Valorem Tax Recelvable Sales Tax Refund Reçeivable  675,019.19 100.00 19,471.02 31,066,48 12,907.30 3,157,821.80 10.00 1,656,086.00 27,821.04 7,996,08 7,270,64 5,595,569.56 5,595,569,56  Total Current Assets  Total Assets  LIABILITIES ANDI NET ASSETS Current Liabllities Accounts Payable Payroll Taxes Payable Relirement Contributions Payable Refundable Bonds Other Liabllitles  26,371.80 7,414.61 10,003.35 12,907.30 56,697.06 13,961.08 70,658,14 1,685,863,84 205,633.00 507.75 145,983.70 27,821.04 46,708.46 4,026.01 20,000.00 3,388,367.61 5,595,569.55  Total Current Liabillties  Deferred Inflows of Resources  Total Llabilities  Fund Balance  Fund Balance Committed Capital Projects Fund Balance Restricted Stabilization by State Statute Dog Park Veterans Honor Green Water Enterprise Fund Solid Waste Disposal Tax Reserve Historic Herltage Grants Conservation Easements/CORE Grants Fund Balance - Unassigned  Total Fund Balance 5,524,911.41  TOTAL LIABILITIES ANDI FUND BALANCE  See Accountant's Compilation Report    Town of Oak Ridge Modifled. Accrual Basis December 2022  Statement of Revenues and Expenses, Budget and Variance  Current Yeax Current YTD Budget  durrent Month  Aocount Object Description Revenue  Variande  3000 Proceede from Debt. 3110 Planning and Zoning Fees 3210 Property Tax Receipts 3220 Exoise Tax Receipta 3230 Sales Tax Receipts 3250 Solid Waste Disposal Tex pist, 3261 Telecommunication Services 3262 Video Programming 3264 Blectric Power 3265 Piped Natural Gas 3311 Grants 3325 ABC Distribution 3341 Special Eventa-Park 3342 Facility Rental 3344 User; Pees 3345 Other Park Revenue Other 3346 ORYA Stipend Revenue 3360 Town Special Events 3370 Veterans Honor Green 3380 MST Committee Revenues 3831 Interest Barnings 3839 Miscellaneous  1,200,000.00 -1,200,000,00 20,000.00 -12,250.00 39 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 -11,425.00 26 7,000.00 4,500.00 30,000,00 -27,831.10 7 50,000.00 -26,801.25 46 50.00 22,000.00 -11,962.54 46 1.00  7,750.00 2,729.98 5,761.29 5,346.04 2,197.90 4,075.00 10,683.00 1,439.17 2,168.90 30.00 40.00 10,037.46 2,001,00  33,490,84 859,940.07 1,113,600.00 -253,659.93 77 31,151.57 195,804.78 397,712.00 -201,827.22 49 4,844,67 95,782.08 205,000.00 -109,217,92 47  -2,970.02 48 -6,238.71 48 -9,653.96 36 897.90 169 3,683.00 153 -3,060.83 32 30.00 -10.00 80 2,000.00 **** 37  2,343.07 13,597.B7 28,308.00 1,797.00 225.00 960.65 9,949.27 23,198.75  828,051,00 2,473,051.00 -1,645,000.00 33 94,998.00 225,000.00 -130,002.00 42  Total Revenuer 141,359,94 2,180,422.42 5,804,414.00 -3,703,991.58 37  Expenses 4100  Administrative 1000 Salary-rown Hall Employees 10D1 Salary-Goyexning Body 1008 Medicare Expense 1009 Social Security Expense 1010 Retirement Expense 1011 ealeh/pental/Vision 1013 Life Insurance 1014 Worker Comp 1015 Unemployment 1016 Dieability Insurance 1017 Simple IRA Contribution 1081 Accounting 1082 Consulting 1084 Animal Control 1090 Legal Fees 1091 Tax Collection Fees 1095 Well Monitoring  23,953.08 139,5B0.28 303,987.00 164,406,72 46  1,800.00 10,800.00 367.21 2,570.18 2,898.32 16,889.17 11,256,48 30,076.88 351.B0 4.86 237.32 691,56 13,862.50 66,691.93 6,723.30 23,819.70 2,573.54 17,167.26  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  10,800.00 50 2,577.68 45 11,021.46 45 22,506.83 43 40,423.12 43 1,029.44 49 271.84 a9 945.09 5 337.76 66 5,637.75 42 23,308.07 74 39,180.30 38 16,886,00 23 32,832.74 34 5,000.00 -500.00 110  2,143.32 9,164,54 970.56 2,228.16 54,91 662,24 4,130.25 5,114.00 5,500.00  See Accountant's Compllation Report    Town of Oak Ridge Modifled. Accrual Basls December 2022  Statement of Revenues and Expenses, Budget and' Variance  Cuxrent Year Current YTD Budget 2,077.98 347.13 100,00 1,042.97 663.34 1,408,05 2,406.03 1,225.00 1,519.18 2,026.73 557.47 5,489.92 1,648,00 340.00 1,370.68 450,00 395.00 3,054.33 669.81 51.00 8,595,43 444.00 1,060.25 356,15 6,230.49 3,818.72 1,40.00 1,842.11 7,876.66 752.64 5,453,26 152.78 587.59 2,426,11 2,079.74 7,934.24  Current Honth 1,064.65 144.00 350,00 574.56 1,238.68 556.01 27,298.49 56,25 1,783,36  Aaaount Object Deacription 2610 office Supplies 2611 Postage and Delivery 3100 Travel 3101 Trayel-Adsiniatrative 3120 Mileage Reimbursement 3150 Education 3210 Communications 3320 Web Hosting Fees 3700 Advertising 3833 Contributiona to Other Agencies 3950 Dues and Subaoriptions 3960 Bank and Merchant Fees 3981 Special Events 3990 Miscellaneous 4210 Board OE Adjustment 4220 Historic Preservation Commission 4230 Ordinance Conversion 4240 Planning & Zoning Board 4250 Tree Boaxd 4300 Equipment Lease 4350 MST Committee 4360 Conservation Basement Committee 4500 Tiahility Insurance Building and Grounds 1083 Security Monitoring 2110 Furnishings 3210 Communications 3310 Electricity 3510 Repairs & Maintenance 3515 Cleaning Cultural and Recreation Expense 1004 Salary-other 1008 Medicare Expense 1009 Social Security Expense 1010 Retirement Expense 1011 Memeh/pentai/Viaton 1013 Life Insurance 1014 Worker Comp 1015 Unemployment 1016 Disability Insurance 1017 Simple IRA Contribution 3500 Operations and Maintenance 3833 Contributions to Other Agencies 3981 Special BventB 3993 ORYA Stipend Expense 4500 Liability Insurance  Varkance 1,922.02 60 652.87 35 900.00 10 1,457.03 42 2,336.66 22 5,591,95 20 4,133,97 36 1,775.00 41 2,480.82 38 -2,026.73 4,701,51 85 1,242.53 31 1,760.0B 76 -1,148,00 330 160.00 68 10,429.32 12 3,000.00 550.00 45 1,105.00 26 3,535.67 46 830.19 45 19,949.00 -595,43 107 -84.00 123 2,439,75 30 -356.15 12,769,51 33 8,181.28 32 3,060,00 36 26,010,39 34 1,902.89 49 8,140.34 49 18,257.55 42 31,513.00 46 1,047.36 42 546,74 91 1,047.22 23 612.41 49 5,323.89 31 6,920.26 23 2,947,48 88 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 12,800.00 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  392,42  Total Account  72,450.18 398,539.74 840,008.00 441,468.26 47  5000  75.00 1,426.23 515.00 580.00 2,596.23 13,649.61 303.90 1,299.39 2,129.70 23,002.45 9,746.00 26,775.00 278.06 15.52 207.46 304.73 2,192.62 21,552.52  Total Acaount  6200  20,957,96 127,043.06 258,340.00 131,296.94 49  7,317,82 67,686.08 167,700,00 200,013.92 40  See Accountant's Compilalion Report    Town of Oak Ridge Modifed Accrual Basis December 2022  Statement ofF Revenues and Expenses, Budget and' Varlance  Current Year Current: YTD Budget 44,833.16 285,164,24 624,300,00  Current Month  Account object Desoription  Veriance 339,135.76 46 29,000.00 45,358.59 85  Total Adcount  6300  Capital Expenses 5210 Capital Exp GIS, Computex, etc 5500 capital Outlay-Equspmene and Land Improvements 5700 Capital Outlay- Land and Improvements  29,000.00  29,901.00 178,956.95 5,519,50D.00 5,340,543,05 3 29,901,00 439,109.36 5,854,011,00 5,414,901,64 6  260,152,41 305,511.00  Total Acoount  Total Bxpenses 149,780.57 1,136,462.95 7,357,979.00 6,221,516.05 15  Net:  -8,420,63 1,043,959.47  See Accountant's Compllation Report    Town of Oak Ridge Supplementary Schedule 1 Account Balances Report- Truist and Bank of Oak Ridge Modified Accrual Basis As of December 31, 2022  Truist  Checking/Savings  Truist Checking Trulst! Money Market Trulst Bond Account  675,019.19 19,471.02 12,907.30 707,397.51  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  31,066,48 3,157,821.80 10.00 1,656,086.00 27,821,04 4,872,805.32  Total Checking/Savings  See Accountant's Compilation Report    888888  5  de  a  B  R  B  9  A  B    PB  38  de -  e  E  B    BPBPARE 888B8 4993888  9 BBRRPBPBR  a    ee  RPABBRBBPRR  BB  B  B B E  DE  B    E e  E DB DE  E E  A      PBAR BBBBBBBEBEBEBEEEEBBEBBBBEE  B dE    WB        Town of Oak Ridge Supplementary Schedule 4 Modified Accrual Basis Town of Oak Ridge Whitaker Land  Original Loan Date 7/16/2018 - Loan. Amount $1,620,000.00 Payment Amount Varies ($180,000.00 + Interest) 10-Year" Term @ 6%-Loan Endl Date 7/16/2027  Date 7/16/2018 7/16/2019 7/16/2020 7/16/2021 7/16/2022 7/16/2023 7/16/2024 7/16/2025 7/16/2026 7/16/2027  Payment 180,000.00 277,200.00 266,400.00 255,600.00 244,800.00  Interest 0.00 97,200.00 86,400.00 75,600.00 64,800.00  Princlpal 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  Q.00  See Accountant's Compllation Report