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General Fund
<br /> The following tables summarize information taken from the audited financial statements of
<br /> Orange regarding its General Fund Balance Sheet and Statement of Revenues, Expenditures and
<br /> Changes in General Fund Balances for the past three (3) fiscal years:
<br /> CITY OF ORANGE
<br /> GENERAL FUND BALANCE SHEET
<br /> Fiscal Years 1992-93 through 1994-95
<br /> 1992-93 1993-94 1994-95
<br /> Assets
<br /> Cash and investments $10,316,960 $26,684,107 $17,593,396
<br /> Receivables (net of allowance for
<br /> estimated uncollectibles):
<br /> Accounts 1,783,089 1,140,876 736,472
<br /> Taxes 212,582 1,564,758 1,427,656
<br /> Interest 171,166 464,152 491,416
<br /> Inventories 96,159 96,064 88,888
<br /> Due from other funds 12,000 851,411 370,476
<br /> Restricted assets:
<br /> Cash and investments with fiscal agent 10.000 10,000 10,000
<br /> Total Assets $12,601,956 $30,811,368 $20,718,304
<br /> Liabilities and Fund Balance
<br /> Liabilities:
<br /> Accounts payable $1,036,100 $ 1,139,167 $ 1,241,222
<br /> • Accrued expenses 2,890,795 2,854,722 1,827,941
<br /> Deposits payable 11,627 55,331 30,849
<br /> Due to other agencies 45 0 2,216
<br /> Deferred Revenue 26,870 38,421 69,505
<br /> Matured interest payable 0 300,000 0
<br /> Tax and revenue anticipation notes payable 0 10,000,000 0
<br /> Total Liabilities 3,965,437 14,387,641 3,171,733
<br /> Fund Balance:
<br /> Reserved
<br /> Inventories 96,159 96,064 88,888
<br /> Encumbrances 325,510 607,554 425,730
<br /> Unreserved:
<br /> Undesignated 8,214,850 15,720,109 17,031,953
<br /> Total fund balance 8,636,519 16,423,727 17,546,571
<br /> Total liabilities and fund balance $12,601,956 $30,811,368 $20,718,304
<br /> Source: City of Orange Comprehensive Annual Financial Reports, Fiscal Years 1992-93, 1993-94 and 1994-95; the annual
<br /> financial reports are available from the City of Orange, and investors are encouraged to review the entire reports,
<br /> including the notes therein, before making an investment decision with respect to the Bonds.
<br /> B-51
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