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CABARRUS COUNTY TOURISMAUTHORITY Exhibit 1 <br /> d/b/a Cabarrus County Convention and Visitors Bureau <br /> STATEMENT OF NET POSITION <br /> June 30, 2016 <br /> Governmental <br /> Activities <br /> ASSETS <br /> Current Assets: <br /> Cash and cash equivalents $ 3,060,151 <br /> Due from County 433,784 <br /> Accounts receivable-other 17,710 <br /> Total Current Assets 3,511,645 <br /> Capital Assets: <br /> Computer equipment 73,961 <br /> Vehicles 160,897 <br /> Leasehold improvements 202,910 <br /> Office equipment 75,345 <br /> Other fixed assets 7,935 <br /> 521,048 <br /> Less Accumulated Depreciation (278,801) <br /> Total Capital Assets,net 242,247 <br /> Total Assets 3,753,892 <br /> DEFERRED OUTFLOWS OF RESOURCES 79,199 <br /> LIABILITIES <br /> Current Liabilities: <br /> Accounts payable 29,058 <br /> Accrued liabilities 133,195 <br /> Total Current Liabilities 162,253 <br /> Long-term liabilities: <br /> Net pension liability 83,701 <br /> Total Liabilities 245,954 <br /> DEFERRED INFLOWS OF RESOURCES 48,730 <br /> NET POSITION <br /> Net investment in Capital Assets 242,247 <br /> Restricted for: <br /> Sports Development 176,890 <br /> Tourism Capital Reserves 1,621,041 <br /> Unrestricted 1,498,228 <br /> Total Net Position $ 3,538,406 <br /> The accompanying notes are an integral part of this statement. <br /> 12 <br /> Attachment number 1 \n <br /> 1-5 Page 155 <br />