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Exhibit 1Page 1 of 2CABARRUS COUNTY, NORTH CAROLINASTATEMENT OF NET POSITIONJUNE 30, 2021Governmental Business‐TypeComponentActivitiesActivitiesTotalUnitASSETSCash and cash equivalents65,375,595$ 7,139,660$ 72,515,255$ 8,203,508$ Investments100,426,249 ‐ 100,426,249 ‐ Receivables (net of allowance for uncollectibles):Accounts receivable3,356,983 ‐ 3,356,983 3,236,794 Customers1,664,519 11,827 1,676,346 980,869 Interest340,550 3,617 344,167 ‐ Property taxes2,356,620 ‐ 2,356,620 ‐ Due from other governments16,709,608 97,926 16,807,534 105,523 Inventories172,686 ‐ 172,686 ‐ Prepaid items255,634 ‐ 255,634 ‐ Restricted cash and cash equivalents38,788,329 ‐ 38,788,329 600,870 Net Register of Deeds Supplemental retirement asset516,340 ‐ 516,340 ‐ Notes receivable‐ ‐ ‐ 600,000 Capital assets: Land and Construction in Progress65,666,724 490,447 66,157,171 ‐ Other capital assets, net of depreciation171,502,379 1,638,707 173,141,086 481,291 Total assets467,132,216 9,382,184 476,514,400 14,208,855 DEFERRED OUTFLOWS OF RESOURCES40,478,087 92,635 40,570,722 4,028,160 LIABILITIES Accounts payable and other current liabilities12,194,188 82,854 12,277,042 843,163 Liabilities to be paid from restricted assets:‐ ‐ ‐ 600,870 Advance from grantor28,928,297 ‐ 28,928,297 ‐ Accrued interest payable3,162,154 ‐ 3,162,154 ‐ Retainage payable1,582,304 ‐ 1,582,304 ‐ Long‐term liabilities: Due within one year37,500,268 94,502 37,594,770 985,817 Due in more than one year434,147,833 3,850,058 437,997,891 8,543,483 Total long‐term liabilities471,648,101 3,944,560 475,592,661 9,529,300 Total liabilities517,515,044 4,027,414 521,542,458 10,973,333 Primary GovernmentThe notes to the financial statements are an integral part of this statement.24
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