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08/06/2024
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Correspondence - Non-Agenda
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8/7/2024 10:54:23 AM
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City Clerk
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8/6/2024
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ASSETS <br />Current assets <br />Cash and cash equivalents - unrestricted 79,353,122$ <br />Cash - restricted 600,000 <br />Investments 19,950,557 <br />Accounts receivable, net of allowance 25,014,338 <br />Accrued revenue 18,516,771 <br />Other receivables 1,656,176 <br />Prepaid expenses 81,261 <br />Deposits 295,268 <br />Total current assets 145,467,493 <br />Noncurrent assets <br />Cash - restricted 5,000,000 <br />Lease asset, net of amortization 918,417 <br />Total noncurrent assets 5,918,417 <br />Total assets 151,385,910 <br />LIABILITIES <br />Current liabilities <br />Accrued cost of electricity 35,395,095 <br />Accounts payable 782,147 <br />Other accrued liabilities 892,792 <br />User taxes and energy surcharges due to other governments 1,214,306 <br />Lease liability 32,429 <br />Total current liabilities 38,316,769 <br />Noncurrent liabilities <br />Loan payable 7,527,841 <br />Accrued interest and financing costs 251,883 <br />Lease liability 885,988 <br />Total noncurrent liabilities 8,665,712 <br />Total liabilities 46,982,481 <br />NET POSITION <br />Unrestricted 104,403,429 <br />Total net position 104,403,429$ <br />ORANGE COUNTY POWER AUTHORITY <br />STATEMENT OF NET POSITION <br />As of March 31, 2024 <br />See accountants' compilation report. 2
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