North Carolina
Department of State Treasurer
Financial Information
Town of Bailey

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Financial Graphs and Comparisons
Download Excel 97 Version of Financial Summary

Institute of Government North Carolina Cities Web Site

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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year

Municipality Revenues and Expenditures Financial Profile Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$194,726	200,168	179,605	169,429	178,790	176,204
		Utility	223,350	221,421	213,132	225,518	205,898	198,145
		Sales Tax	113,860	114,706	120,548	134,121	129,921	119,103
		Sales & Services	74,016	86,434	84,414	81,986	89,298	97,983
		Intergovernmental	217,886	63,871	66,864	67,833	62,527	61,204
		Debt Proceeds	767	2,968	8,452	8,348	111,674	398,656
		Other Miscellaneous	58,843	752,909	12,018	23,185	16,826	28,280
		Total	$883,448	1,442,477	685,033	710,420	794,934	1,079,575

	Expenditures by Function
		Utility	$194,918	252,546	251,227	274,754	161,504	622,460
		Debt Service	58,815	40,534	41,324	42,113	50,519	-
		Transportation	96,595	21,449	57,589	33,956	34,390	34,569
		General Government	109,355	420,324	233,910	130,669	122,207	113,094
		Public Safety	157,295	136,912	124,471	139,601	147,883	148,393
		Other	290,790	611,406	130,845	129,168	106,832	92,818
		Total	$907,768	1,483,171	839,366	750,261	623,335	1,011,334

	Expenditures by Object
		Salaries & Wages	$321,799	323,443	305,345	313,453	311,713	288,289
		Capital Outlay	159,874	825,617	196,665	10,624	7,900	472,107
		Other Operating + Debt Service	426,095	334,111	337,356	426,184	303,722	250,938
		Total	$907,768	1,483,171	839,366	750,261	623,335	1,011,334


	Per Capita Revenues by Source
		Property Tax	$341	272	249	238	253	252
		Utility	391	301	296	316	292	283
		Sales Tax	199	157	166	187	184	170
		Sales & Services	130	118	117	115	126	140
		Intergovernmental	382	87	93	95	89	87
		Debt Proceeds	1	4	12	12	158	570
		Other Miscellaneous	103	1,024	17	33	24	40
		Total	$1,547	1,963	950	996	1,126	1,542

	Per Capita Expenditures by Function
		Utility	$341	344	348	385	229	889
		Debt Service	103	55	57	59	72	-
		Transportation	169	29	80	48	49	49
		General Government	193	572	325	183	173	162
		Public Safety	275	186	173	196	209	212
		Other	509	832	181	181	151	133
		Total	$1,590	2,018	1,164	1,052	883	1,445

	Per Capita Expenditures by Object
		Salaries & Wages	$564	440	424	440	442	412
		Capital Outlay	280	1,123	273	15	11	674
		Other Operating	746	455	467	597	430	359
		Total	$1,590	2,018	1,164	1,052	883	1,445

	Population Group		No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Number of Municipalites in Group	88	99	94	96	96	95
		Average Population In Group	714	727	726	729	726	727
		Town of Bailey Population	571	735	721	713	706	700
	Group Average Per Capita Revenues by Source
		Property Tax	393	411	400	400	335	298
		Utility	445	425	444	423	366	312
		Sales Tax	129	135	165	190	167	155
		Sales & Services	81	67	58	55	51	47
		Intergovernmental	272	320	399	298	361	357
		Debt Proceeds	88	35	90	96	29	45
		Other Miscellaneous	193	146	180	178	232	165
		Total	1,601	1,539	1,736	1,640	1,541	1,379

	Group Average Per Capita Expenditures by Function
		Utility	563	441	428	437	404	484
		Debt Service	118	105	110	97	83	71
		Transportation	114	135	122	148	153	117
		General Government	246	258	309	321	313	224
		Public Safety	308	283	301	294	250	241
		Other	205	279	382	291	279	292
		Total	1,554	1,501	1,652	1,588	1,482	1,429

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	426	425	419	406	352	309
		Capital Outlay	320	241	302	298	334	370
		Other Operating	808	835	931	884	796	750
		Total	1,554	1,501	1,652	1,588	1,482	1,429


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$453,563	474,965	471,666	484,636	481,240	475,695
	General Fund expenditures		526,713	708,858	546,815	433,394	411,312	388,874
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		62,840	114,805	44,545	15,560	15,185	13,332
	Capital leases and installment purchase proceeds		-	346,000	-	-	-	-
	Other items		-	-	-	-	-	11,936
	Excess of revenues and other sources over (under) expenditures and other uses		(135,990)	(2,698)	(119,694)	35,682	54,743	85,425

	Fund balance available (FBA):
		In dollars	$0	419,347	475,179	591,097	556,403	506,053
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	87.79	80.35	131.66	130.46	125.82
		Group weighted average FBA %	125.41	100.58	103.21	88.65	100.61	101.57
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	($10,952)	(13,702)	43,930	78,438	153,830	39,069
		Quick ratio	0.85	0.81	1.61	2.13	2.82	1.20
		Net income	(46,779)	(39,007)	4,703	(122,683)	(42,175)	(28,487)
		Cashflow from operations	30,780	38,252	53,564	(56,552)	37,975	50,191
		Depreciation & Amortization Expense	80,560	80,830	80,526	80,373	81,580	69,305



Cash, Investments and Financing Go to top of page			2011	2010	2009	2008	2007	2006

		Population at July 1st of the Previous Year	571	735	721	713	706	700
		Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Cash &Investments	$513,049	$546,776	$581,969	$733,019	$786,125	$729,364
		Investment Earnings	2,423	2,655	3,660	8,799	9,187	6,778
		Tax Rate Equivalent	0.0073	0.0080	0.0121	0.0298	0.0317	0.0235
		Tax Rate Equivalent Group weighted average	0.0034	0.0051	0.0185	0.0245	0.0375	0.0327
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2009	2009	2001	2001	2001	2001
		January 1, Prior Year Assessed Valuation	$32,983,406	33,043,857	30,320,622	29,502,956	28,981,326	28,900,812
		Tax Rate	0.6100	0.6100	0.6100	0.6100	0.6100	0.6100
		Tax Rate Group weighted average	0.2132	0.1922	0.1910	0.1936	0.2310	0.2737
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	96.74	98.57	81.92	82.78	88.10	91.08
		Assessment -to-Sales Ratio Group weighted average	96.17	101.44	87.47	87.75	77.67	88.06
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$34,094,900	33,523,239	37,012,478	35,640,198	32,895,943	31,731,238
		EffectiveTax Rate	0.5901	0.6013	0.4997	0.5050	0.5374	0.5556
		Group weighted average Effective Tax Rate	0.2050	0.1950	0.1670	0.1699	0.1794	0.2410
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	93.2100	94.5100	93.4000	91.1800	94.6400	93.8400
		Percent Collected Group weighted average	96.25	95.20	95.59	96.16	96.02	95.56
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	94.66	95.82	95.35	93.38	97.51	96.21
		Percent Collected Excluding Motor Vehicles Group weighted average	96.64	96.47	96.77	97.36	97.36	97.10
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	81.96	83.73	80.66	78.94	77.93	79.71
		Percent Collected Motor Vehicles Only Group weighted average	84.30	81.89	83.96	83.47	81.48	82.58
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	32,624	29,133	31,426	37,325	29,409	30,908
		Tax Rate Equivalent	0.0989	0.0882	0.1036	0.1265	0.1015	0.1069
		Dominant County: Nash
	Debt Information
		Population Group	500 to 999	500 to 999	500 to 999	500 to 999	500 to 999	500 to 999
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	0	0	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	178	193	200	215	212	223
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0954%	0.0895%	0.0813%	0.0884%	0.1085%	0.1673%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	0	0	0	0	0	0
		Total*	$0	0	0	0	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$353,696	383,170	412,645	442,120	471,594	501,069


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		571	735	721	713	706	700

1.5A	FISCAL	Governmental Activities Assets	1,679,186	1,731,714	920,470	949,588	915,917	872,809
1.5B	SUMMARY	Governmental Activities Liabilities	572,724	577,524	11,580	13,470	14,823	9,318
3.5A		Business Type Activities Assets	2,204,421	2,278,893	2,348,260	2,370,094	2,537,233	2,610,274
3.5B		Business Type Activities Liabilties	380,937	408,630	438,990	465,527	509,983	540,849
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	188,167	189,145	169,329	163,573	165,950	164,564
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	5,286	8,434	9,021	4,838	10,753	10,407
13.0		Penalties and Interest	1,273	2,589	1,255	1,018	2,087	1,233
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax					106
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax	56,930	57,353	60,274	67,061	64,961	59,551
17.0		1/2% Local Government Option Sales Tax (40)	28,465	28,676	30,137	33,530	32,480	29,776
18.0		1/2% Local Government Option Sales Tax (42)	28,465	28,677	30,137	33,530	32,480	29,776
18.5		1/2% Local Government Option Sales Tax (44)
19.0		Privilege Licenses	1,540	1,773	1,650	916	2,277	1,373
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses			6	8	884	996
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
30.0		Public Safety
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	39,985	41,080	39,772	37,864	34,957	33,667
45.0		Beer and Wine Tax	3,239	1,028	3,202	3,252	3,163	3,061
46.0		Powell Bill	21,265	20,909	23,490	26,167	23,377	23,716
50.0		Court Fees - Facilities and Arrest Fees	342	363	400	550	1,030	760
51.0		General Government
52.0		Public Safety
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection	498
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation	152,557
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection		491
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees	985	560	715	840	650	1,100
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	44,408	44,644	44,244	38,976	40,078	40,128
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries	29,608	41,790	40,170	43,010	49,220	57,855
81.0		Recreation Service Revenues
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services
86.0	UTILITY	Water and Sewer Charges	223,350	221,421	213,132	225,518	205,898	198,145
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	2,423	2,655	3,660	8,799	9,187	6,778
91.0		Special Assessments
92.0		Private Contributions and Donations		250,000	5,840	12,382	1,155
93.0		Sales of Materials and Fixed Assets						14,336
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution		1,921	147	240	2,567	3,697
98.0		Other Miscellaneous Revenues	767	2,968	8,452	8,348	4,143	5,118
99.0		Proceeds of Sale of Bonds and Notes					107,531	393,538
100.0		Proceeds of Capital Leases/Install Purchases	53,895	496,000
101.0		Other
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits	585	-2,365	2,350	2,400	1,590	670
106.0		Deposits Other than Utility
107.0		Prepaid Taxes	-620	396	738	962		-2,435
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages					73,936
109B	GENERAL	Governing Body - Other Direct					48,271
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	41,630	69,650	76,618	75,601		63,820
110B		Administration - Other Direct	67,725	78,003	52,489	51,460		49,274
110C		Administration - Construction		222,344	103,003
110D		Administration - Purchase of P,P&E		50,327	1,800	3,608
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages
118B		Gen. Govt. All Other - Other Direct
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	127,994	117,089	106,691	115,459	118,965	108,226
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	19,750	15,214	14,659	20,634	24,381	16,382
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	5,100					19,938
120A		Emergency Communications - Salaries & Wages
120B		Emergency Communications - Other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating
120C		ETSF Expenditures - Capital Construction
120D		ETSF Expenditures - Capital Purchases
121A		Emergency Mgmt - Salaries & Wages
121B		Emergency Mgmt - Other Direct
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E
122A		Fire - Salaries & Wages
122B		Fire - Other Direct
122C		Fire - Construction
122D		Fire - Purchase of P,P&E
123A		Inspectors - Salaries & Wages
123B		Inspectors - Other Direct
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages
124B		Rescue Units - Other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E
125A		Animal Control - Salaries & Wages
125B		Animal Control - Other Direct
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E
126A		Pub. Safety All Other - Salaries & Wages
126B		Pub. Safety All Other - Other Direct
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages				13,561	13,833	12,776
128B		Streets and Highways - Other Direct	96,595	21,449	57,589	20,395	1,622	21,793
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct					16,935
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E					2,000
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages
135B		Transpor. All Other - Other Direct
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages	47,026	37,311	37,373	34,666	32,287	20,128
136B	MENTAL	Solid Waste - Other Direct	50,697	49,712	46,309	44,547	47,814	45,976
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E	5,965				1,900
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages	16,505	16,557	14,017	6,040	5,680	4,596
138B		Cemeteries - Other Direct	20,091	21,217	18,562	22,461	16,701	21,471
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E		1,733	1,600	3,408	2,000
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages
140B	& PHYSICAL	Planning & Zoning - Other Direct
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages
153B	RECREATION	Recreation & Parks - Other Direct	4,112	3,643	12,984	18,046	450	647
153C		Recreation & Parks - Construction	146,394
153D		Recreation & Parks - Purchase of P,P&E		481,233
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	88,644	82,836	70,646	68,126	67,012	78,743
158B		Water & Sewer - Other Direct	103,859	99,730	90,319	203,020	92,492	91,548
158C		Water & Sewer - Construction		68,247	88,462			452,169
158D		Water & Sewer - Purchase of P,P&E	2,415	1,733	1,800	3,608	2,000
159A		Electric Power - Salaries & Wages
159B		Electric Power - Other Direct
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E
160A		Natural Gas - Salaries & Wages
160B		Natural Gas - Other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Purchase of P,P&E
161.1A		Storm Water - Salaries & Wages
161.1B		Storm Water - Other Direct
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees	10,269	11,059	11,849	12,639	21,044
161D	SERVICE	Water & Sewer - Principal	29,474	29,475	29,475	29,474	29,475
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees	13,600
166D		All Other - Principal	5,472
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	4,451	4,609	3,121	3,508	4,537	3,847
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	178,795.	178,443.00	157,188.00	152,139.00	149,655.00	150,152.00
180.0		Current year's levy -- Motor vehicles (only)	23,080.	21,681.00	24,116.00	27,249.00	25,687.00	25,218.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	9,544.	7,452.00	7,310.00	10,076.00	3,722.00	5,690.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	4,164	3,527	4,665	5,739	5,670	5,116
183.0	DATA	Percentage of Taxes Collected - All Property %	93.21	94.51	93.40	91.18	94.64	93.84
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	94.66	95.82	95.35	93.38	97.51	96.21
185.0		Percentage of Taxes Collected - Motor Vehicles %	81.96	83.73	80.66	78.94	77.93	79.71
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	513,049	546,776	581,969	733,019	786,125	729,364
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures Made During FY - B(1) - B(7)
191.0		Investment in Property - B(1) - B(4)
192.0		Amount Expended During FY - B(5) and B(7)
193.0		Amount of Tax Revenues Taken Into Account
194A	PART 9	Amount - Total Revenues	946,288	1,557,282	729,578	725,980	810,119	1,092,907
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	62,840	114,805	44,545	15,560	15,185	13,332
194D		Amount - Net Revenues	883,448	1,442,477	685,033	710,420	794,934	1,079,575
		Calculated amount	883,448	1,442,477	685,033	710,420	794,934	1,079,575
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	970,608	1,597,976	883,911	765,821	638,520	1,024,666
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	62,840	114,805	44,545	15,560	15,185	13,332
195D		Amount - Net Expenditures	907,768	1,483,171	839,366	750,261	623,335	1,011,334
		Calculated amount	907,768	1,483,171	839,366	750,261	623,335	1,011,334
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					160
401B	Water /	Number of residential accounts billed Sewer					706
402A	Sewer	Amount processed and/or purchased in units Water	18	2,207,166	19	25,544	17,031
402B	Operations	Amount processed and/or purchased in units Sewer	10	1,245,114	10	12,496	12,218
403A		Total amount billed in units - Water		2,207,166	19	25,544	17,031
403B		Total amount billed in units - Sewer		1,245,114	10	12,496	12,218
404A		Of the total in 403A above how many units were Residential W	13	1,876,091	9	9,962	13,315
404B		Of the total in 403B above how many units were Residential S					160
405A		Of the total in 403 above, how many units were Outside Muni W					91
405B		Of the total in 403 above, how many units were Outside Muni S					160
406A		Of the total in 405A above how many units were Residential W					46
406B		Of the total in 405B above how many units were Residential S					103
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	99,065	99,054	95,256	98,987	84,162
408A		Dollars related to 403A above	117,502	114,457	111,185	133,541	112,987
408B		Dollars related to 403B above	71,802	79,064	75,264	61,866	64,354
409A		Dollars related to 404A above	88,320	87,561	84,593	87,199	86,542
409B		Dollars related to 404B above					626
410A		Dollars related to 405A above					645
410B		Dollars related to 405B above					626
411A		Dollars related to 406A above					248
411B		Dollars related to 406B above					3,240
412A		Dollars related to 407A above
412B		Dollars related to 407B above	267	267	267	260
421A		Number of residential accounts billed - Water	210	210	210	216
421B		Number of residential accounts billed - Sewer	62	62	62	1
422A		Number of non-residential & bulk accounts billed - Water	52	52	52
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Owen Strickland
951.0		Title	Mayor
952.0		Date	11/30/2011	01/07/2011	11/25/2009	11/14/2008	10/26/2007	11/29/2006
953.0		Contact	Becky Smith
954.0		Title	Finance Officer
955.0		Phone	252-235-4977
956.0		Fax	252-235-2196
957.0		E-Mail:

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
Town of Bailey

	2011	2010	2009	2008	2007	2006

Population	571	735	721	713	706	700
Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
Total Operating Revenues	$0	221,421	213,132	225,518	205,898	198,145
Total Operating Revenues Per Capita	$0	301	296	316	292	283
Group Weighted Average Revenues Per Capita	24	275	277	274	258	215
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	118.96%	113.31%	155.87%	116.75%	121.27%
Group Weighted Average	109.63%	108.37%	108.99%	108.37%	108.05%	109.50%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	-18.96%	-13.31%	-55.87%	-16.75%	-21.27%
Group Weighted Average	-9.63%	-8.37%	-8.99%	-8.37%	-8.05%	-9.50%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	6.23%	20.90%	6.90%	7.38%	6.73%
Group Weighted Average	9.10%	1.06%	5.05%	4.83%	8.65%	8.02%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	8.76%	0.62%	0.69%	0.94%	4.11%	5.64%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	-17.62%	2.21%	-54.40%	-20.48%	-14.38%
Group Weighted Average	285.37%	28.10%	44.73%	20.28%	46.94%	46.03%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	0.85	0.81	1.61	2.13	2.82	1.20
Group Weighted Average	3.85	3.46	3.30	2.93	2.76	3.51
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	34.1	36.5	33.6	40.1	34.4
Group Weighted Average	3.7	62.5	55.9	47.5	49.0	47.0
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	73.7	215.9	172.9	493.9	456.8
Group Weighted Average	-35.5	602.4	648.8	600.1	591.3	635.4
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$30,780	38,252	53,564	-56,552	37,975	50,191

Debt to Equity	0.00	0.20	0.22	0.23	0.23	0.19
Group Weighted Average	0.02	0.12	0.12	0.13	0.14	0.15
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	521	572	620	668	562
Group Weighted Average	5	273	283	311	316	288
State Weighted Average	8	897	783	781	761	733

Capital Expenditures:	2011	2010	2009	2008	2007	2006
	$0	0	0	0	0	0

	2005	2004	2003	2002
	$5,395	55,041	294,912	896,608

Capital Contributions: Excluded from income above	$0	0	0	0	0	0


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	706	NA
Estimated population of the areas served Sewer	0	0	0	0	706	NA

Number of Gallons of Water Processed (000) omitted	18	2,207,166	19	25,544	17,031	NA
Number of Gallons of Sewage Processed (000) omitted	10	1,245,114	10	12,496	12,218	NA

Number of Gallons of Water Billed (000) omitted	0	2,207,166	19	25,544	17,031	NA
Number of Gallons of Sewage Billed (000) omitted	0	1,245,114	10	12,496	12,218	NA

Ratio of Water Billed to Water Processed	0.01325	1.00000	1.00000	1.00000	1.00000	NA
Ratio of Sewage Billed to Sewage Processed	0.01122	1.00000	1.00000	1.00000	1.00000	NA

Total Revenue from Water Sales	99,065	99,054	95,256	98,987	84,162	NA
Total Revenue from Sewage Sales	117,502	114,457	111,185	133,541	112,987	NA

Water Revenue per 1000 gallons of Sales					119.20963	NA
Sewage Revenue per 1000 gallons of Sales					160.03824	NA

Group Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
Group Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

State Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons	$5,423.11178	0.04214	8,362.66667	6.21020	4.83320	NA
Residential Sewage Sales per thousand Gallons	$13,525.26799	0.08273	10,574.12500	9.82856	8.89526	NA

Water Sales per thousand Gallons outside Municipal Limits					3.91250	NA
Sewage Sales per thousand Gallons outside Municipal Limits					7.08791	NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	3,240.00000	NA
Total Sewage Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	0.00000	NA

Financial Graphs and Comparisons

Analysis of Available Fund Balance: General Fund
Analysis of Property Tax Collection %
Analysis of General Obligation Debt
Analysis of Revenue (5 years)
Analyis of Revenue (most recent fiscal year)
Analysis of Expenditures by Function
Analysis of Expenditures by Object

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	130.46%	131.66%	80.35%	87.79%	0.00%
Group average FBA %	100.61%	88.65%	103.21%	100.58%	125.41%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	100.61%	37.47%	29.01%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 94.64% 91.18% 93.40% 94.51% 93.21%

Pop. Group 96.02% 96.16% 95.59% 95.20% 96.25%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 500 to 999

	2007	2008	2009	2010	2011
Municipality	94.64%	91.18%	93.40%	94.51%	93.21%
Pop. Group	96.02%	96.16%	95.59%	95.20%	96.25%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 212 215 200 193 178

Statewide 478 456 455 449 450

Municipal Population Group: 500 to 999

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	212	215	200	193	178
Statewide	478	456	455	449	450

Municipal Population Group: 500 to 999

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2007 2008 2009 2010 2011

Property Tax $253 238 249 272 341

Utility 292 316 296 301 391

Sales Tax 184 187 166 157 199

Sales & Services 126 115 117 118 130

Intergovernmental 89 95 93 87 382

Debt Proceeds 158 12 12 4 1

Other Miscellaneous 24 33 17 1,024 103

Total $1,126 996 950 1,963 1,547

	2007	2008	2009	2010	2011
Property Tax	$253	238	249	272	341
Utility	292	316	296	301	391
Sales Tax	184	187	166	157	199
Sales & Services	126	115	117	118	130
Intergovernmental	89	95	93	87	382
Debt Proceeds	158	12	12	4	1
Other Miscellaneous	24	33	17	1,024	103
Total	$1,126	996	950	1,963	1,547

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2011
2011

Category Revenue
Per Capita

Property Tax $194,726
$341

Water/Sewer 0
0

Electric 223,350
391

Other Utilities 0
0

Sales Tax 113,860
199

Sales & Services 74,016
130

Intergovernment 217,886
382

Debt Proceeds 767
1

Miscellaneous 58,843
103

Total $883,448
$1,547

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

General Government $109,355
$193

Water/Sewer 0
0

Electric 194,918
341

Other Utilities 0
0

Debt Service 58,815
103

Transportation 96,595
169

Public Safety 157,295
275

Other 290,790
509

Total $907,768
$1,590

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $321,799
$564

Water/Sewer Capital 0
0

Electric Capital 2,415
4

Other Capital 157,459
276

Other Operating 426,095
746

Total $907,768
$1,590

Municipal Population Group: No Electric 500 to 999

Last Updated 2/7/2012 2:10:42 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$194,726	$341
Water/Sewer	0	0
Electric	223,350	391
Other Utilities	0	0
Sales Tax	113,860	199
Sales & Services	74,016	130
Intergovernment	217,886	382
Debt Proceeds	767	1
Miscellaneous	58,843	103
Total	$883,448	$1,547

Municipal Population Group: No Electric 500 to 999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Bailey

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Bailey