North Carolina
Department of State Treasurer
Financial Information
Town of Catawba



Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail
Financial Graphs and Comparisons
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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
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200920082007200620052004

Revenues by Source







Property Tax$324,088 320,416 308,356 280,071 253,302 255,400


Utility - - - - - 3,434


Sales Tax 134,211 167,022 160,430 147,624 153,500 141,242


Sales & Services 15,653 13,320 16,749 16,597 6,675 6,600


Intergovernmental 710,170 256,896 316,311 612,036 81,918 205,331


Debt Proceeds 378,129 25,589 - 1,000,000 20,790 17,201


Other Miscellaneous 176,364 225,870 221,239 187,745 150,517 3,922,442


Total$1,738,615 1,009,113 1,023,085 2,244,073 666,702 4,551,650










Expenditures by Function







Utility$0 - - - 76,462 10,442


Debt Service 25,804 20,166 43,940 64,471 81,175 851,896


Transportation 113,079 128,699 107,312 163,782 77,858 52,668


General Government 274,603 238,673 212,492 622,324 291,779 476,882


Public Safety 821,400 466,971 354,468 384,432 294,317 341,122


Other 725,495 171,187 212,083 723,582 142,208 328,445


Total$1,960,381 1,025,696 930,295 1,958,591 963,799 2,061,455










Expenditures by Object







Salaries & Wages$478,639 420,096 385,571 358,276 311,786 279,895


Capital Outlay 379,135 142,833 55,228 171,027 125,889 666,875


Other Operating + Debt Service 1,102,607 462,767 489,496 1,429,288 526,124 1,114,685


Total$1,960,381 1,025,696 930,295 1,958,591 963,799 2,061,455



















Per Capita Revenues by Source







Property Tax$434 432 422 387 352 356


Utility - - - - - 5


Sales Tax 179 225 219 205 214 197


Sales & Services 21 18 23 23 9 9


Intergovernmental 951 347 433 845 114 286


Debt Proceeds 506 35 - 1,381 29 24


Other Miscellaneous 236 305 303 259 209 5,471


Total$2,327 1,362 1,400 3,100 927 6,348










Per Capita Expenditures by Function







Utility$0 - - - 106 15


Debt Service 35 27 60 89 113 1,188


Transportation 151 174 147 226 108 73


General Government 367 322 291 860 406 665


Public Safety 1,100 630 485 531 409 476


Other 971 231 290 999 198 458


Total$2,624 1,384 1,273 2,705 1,340 2,875










Per Capita Expenditures by Object







Salaries & Wages$641 567 527 495 434 390


Capital Outlay 508 193 76 236 175 930


Other Operating 1,475 624 670 1,974 731 1,555


Total$2,624 1,384 1,273 2,705 1,340 2,875










Population GroupNo 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 94 96 96 95 96 93


Average Population In Group 726 729 726 727 731 737


Town of Catawba Population 747 741 731 724 719 717

Group Average Per Capita Revenues by Source







Property Tax 371 402335298276259


Utility 376 407350306270262


Sales Tax 154 191166155150138


Sales & Services 84 6965514942


Intergovernmental 368 290366360367365


Debt Proceeds 98 876773139104


Other Miscellaneous 168 255250188130324


Total 1,619 1,7011,5991,4311,3811,494










Group Average Per Capita Expenditures by Function







Utility 389 413404484538482


Debt Service 102 9883715877


Transportation 113 14915311710999


General Government 287 324312224211263


Public Safety 278 293250241219197


Other 357 293280292192180


Total 1,526 1,5701,4821,4291,3271,298










Group Average Per Capita Expenditures by Object







Salaries & Wages 386 404352309299279


Capital Outlay 276 278334370432442


Other Operating 864 888796750596577


Total 1,526 1,5701,4821,4291,3271,298


















General Fund
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200920082007200620052004

General Fund revenues$734,611 859,881 729,565 834,525 524,685 619,593

General Fund expenditures 1,315,022 929,735 697,682 1,232,129 808,712 1,192,407

Operating transfers in - - - 140,256 1,097,263 645,472

Operating transfers out 21,687 32,105 - - 532,700 2,254

Capital leases and installment purchase proceeds 378,129 25,589 - 1,000,000 20,790 17,201

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses (223,969) (76,370) 31,883 742,652 301,326 87,605










Fund balance available (FBA):







In dollars$1,174,502 1,373,877 1,457,795 1,432,305 701,234 377,320


FBA as a % of GF Net Expenditures:







Unit's FBA %122.53146.74208.95617.0353.1032.05


Group weighted average FBA %103.5087.97100.30101.57105.10108.69


State weighted average Non-Electric Group37.7736.6337.3837.3836.8236.42


State weighted average FBA %37.0036.3436.5536.9636.7836.35

















Enterprise Funds:
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None













Combined financial results:







Working capital







Quick ratio







Net income







Cashflow from operations







Depreciation & Amortization Expense































Cash, Investments and Financing
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200920082007200620052004











Population at July 1st of the Previous Year747741731724719717


Population GroupNo 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$2,081,338 2,286,320 2,308,330 2,226,147 1,947,074 2,281,664


Investment Earnings38,770 84,352 105,016 71,742 34,864 33,137


Tax Rate Equivalent0.05380.11510.15240.11900.06600.0622


Tax Rate Equivalent Group weighted average0.01850.02440.03750.03270.02000.0130


Tax Rate Equivalent Statewide weighted average0.01330.05240.09200.05730.04150.0340


Latest year of Revaluation
20072003200320032003


January 1, Prior Year Assessed Valuation$72,014,622 73,254,759 68,895,118 60,290,363 52,837,840 53,297,211


Tax Rate0.48000.48000.48000.48000.48000.4800


Tax Rate Group weighted average0.19100.19360.23100.27370.32630.3351


Tax Rate State Wide0.42670.42430.44520.43210.44480.4566


Assessment -to-Sales Ratio97.9488.8494.5896.4799.3099.65


Assessment -to-Sales Ratio Group weighted average87.4787.6777.6788.0677.8481.47


Assessment -to-Sales Ratio Statewide90.8188.5288.4192.2892.3592.18


Assessed Valuation Adjusted for Assesment to Sales Ratio$73,529,326 82,456,955 72,843,221 62,496,489 53,210,312 53,484,406


EffectiveTax Rate0.47010.42640.45400.46310.47660.4783


Group weighted average Effective Tax Rate0.16700.16970.17940.24100.25400.2730


Statewide weighted average Effective Tax Rate0.38750.37560.39360.39870.41080.4209


Percent Collected90.9190.7295.5794.6895.2094.96


Percent Collected Group weighted average96.9396.2896.0295.5695.9094.77


Percent Collected Statewide97.7897.6497.5997.5597.4297.31


Percent Collected Excluding Motor Vehicles91.5291.6396.6795.7896.4196.97


Percent Collected Excluding Motor Vehicles Group weighted average96.8397.4297.3697.1096.9897.01


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3198.6598.5998.6198.3698.39


Percent Collected Motor Vehicles Only 82.0578.3782.4182.8078.1070.80


Percent Collected Motor Vehicles Only Group weighted average83.8083.2381.4882.5883.9482.10


Percent Collected Motor Vehicles Only Statewide weighted average 86.6686.7486.7186.8087.3187.46


Tax Uncollected4,008 31,123 13,657 15,237 12,275 13,028


Tax Rate Equivalent0.00560.04250.01980.02530.02320.0244


Dominant County: Catawba






Debt Information








Population Group500 to 999500 to 999500 to 999500 to 999500 to 999500 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 Debt0 0 0 0 10,000 20,000


Total General Obligation Debt0 0 0 0 10,000 20,000


Per Capita$0 0 0 0 14 28


Total Per Capita for the Population Group200 215 212 223 227 267


Total Per Capita Statewide455 456 478 495 505 548


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0000%0.0188%0.0374%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0813%0.0883%0.1085%0.1673%0.1884%0.2559%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.3909%0.4131%0.4706%0.5275%0.5588%0.6442%


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$0 0 0 0 0 0


--General Government0 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 $0 0 0 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription200920082007200620052004

Population at July 1st of the Previous Year Adjusted for Boundry Changes747741731724719717









1ANon GASB34General Fund Assets





1BFISCAL General Fund Liabilities





2ASUMMARYDebt-service Assets





2B
Debt service Liabilities





3A
Enterprise Assets





3B
Enterprise Liabilities





4A
Internal Service Assets





4B
Internal service Liabilities





5A
Special Revenue Assets





1.5AGASB34Governmental Activities Assets3,891,9073,827,1103,815,4812,323,0104,457,5922,127,193
1.5BFISCAL Governmental Activities Liabilities509,695168,311139,73664,644238,878310,869
3.5ASUMMARYBusiness Type Activities Assets




2,635,418
3.5B
Business Type Activities Liabilties





6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





5B
Special Revenue Liabilities





6A
Trust & Agency Assets





6B
Trust & Agency Liabilities





7A
Capital Project Assets





7B
Capital Project Liabilities





8A
General Fixed Assets





9B
General Long term debt - Liabilities





10PART 2Current collections of unit-wide levy306,061304,266294,577270,904243,511245,512
11TAXCurrent collection of special tax districts126,285123,967103,040101,606103,89693,361
12REVENUESPrior years' levy collections13,57112,77210,0527,2186,8717,818
13
Penalties and interest4,4563,3783,7271,9492,9202,070
14
Collection of taxes previously written off





15
Animal tax





15.1
Solid Waste Disposal Tax





16
1% Local government sales and use tax61,74775,25569,44467,38073,07565,308
17
1/2% Local government sales and use taxes (Article 40)28,03031,19430,94226,73726,29625,078
18
1/2% Local government sales and use taxes (Article 42)27,68030,86030,62926,49826,01524,754
18.5
1/2% Local government sales and use taxes (Article 44)16,75429,71329,41527,00928,11426,102
19
Licenses Privilege





19.1
Privilege - Occupational & business licensing & permit taxes





19.2
Privilege -- All other privileges and pemits





20
General Municipal Vehicle Tax





21
Vehicle Tax for Public Transportation





22
Other licenses - Include CATV9618997,3544,2193,9174,258
23
Local occupancy tax





24
Prepared food tax





25
911 charges





26
Gross Receipts Tax on Short Term Vehicles Leases





27FEDERALFEDERAL Payment in lieu of taxes





28INTERGOVEquitable sharing of Federally forfeited property

799


29REVENUESGeneral government





30
Public safety2,4002,4002,400


31
Transportation - Streets





32
Transportation - All other





33
Utility franchise tax





34
Housing/community development





35
All Other609,26494,087222,964280,121

36
Human services: Health, mental health, hospitals





37
All other





38
Culture and recreation





39STATEState Payment in Lieu of Taxes





40INTERGOVControlled substance tax





41REVENUESIntangibles tax reimbursement + Transistional Hold Harmless Revenues8,995




42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax48,26354,60846,13236,02538,98632,807
45
Beer and Wine tax3,3283,3673,2723,1761,0205,250
46
Powell Bill28,85632,79729,42729,14328,48525,761
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees





51
General Government





52
Public safety9,06469,637
69,211
90,983
53
Transportation - Streets





54
Transportation - All other


180,557

55
Environmental protection





56
Econ. & Phys. Dev. - Housing/Comm. Dev.





57
Econ. & Phys. Dev. - All Other





58
Human Services: Health, mental health, hospitals





59
All Other





60
Culture and recreation




48,130
61LOCALLOCAL Payment in lieu of taxes





62INTERGOVGeneral government





63REVENUESPublic safety

11,31713,80313,4272,400
64
Transportatin - Streets





65
Transportation - All other





66
Environmental protection





67
Economic and physical development





68
Human Services: Health, Mental Health & Hosp





69
Human Services: All Other





70
Culture and recreation





71PERMITS Building permits





72& FEESInspection fees8257301,1552,9501,145680
72.1
Amusements licensing and permit taxes





73
Other permits1,0001,2501,2201,4601,2001,465
74SALES &Parking revenues


6,6006,6006,600
75SERVICESRents and royalties6006006,600


76
Airport





77
Fire protection charges





78
Solid waste14,97812,54510,0499,847

79
Ambulance and rescue squad charges





80
Cemeteries





81
Recreation service revenues7517510015075
82
Library service revenues





83
Other cultural and recreational service revenues





84
Mass transit - city operated





85
Other sales and services





86UTILITYWater and sewer charges




3,434
87REVENUESElectric charges





88
Gas charges





88.1
Storm Water Fees





89MISC.On bond proceeds





90REVENUESOn general and all other funds38,77084,352105,01671,74234,86433,137
91
Special assessments





92
Private contribution and donations





93
Sales of materials and fixed assets




3,786,576
94
Sales of real property





95
Nongovernment contributions for streets and traffic signals





96
Mixed drink surcharge





97
ABC profit distribution





98
Other miscellaneous revenues





99
Proceeds of the sale of bonds and notes


1,000,000

100
Proceeds of capital leases and installment purchases378,12925,589

20,79017,201
101
Other8,52314,6723,4545,7685,4952,965
102NON-REVSupplemental schools taxes - current levy collections





103RECEIPTSPrior years' levy collections





104
Tax collections for units other than reporting unit





105
Utilities customers' deposits





106
Deposits other than utility





107
Prepaid taxes





108
Prepaid privilege licenses





109APART 4Governing body - Salaries6,0005,0006,0003,0003,0003,000
109BGENERALGoverning body - All other Direct





109CGOVTGoverning body - Construction





109D
Governing body - Land, Equipment and Existing Structures





110A
Administration - Salaries113,382107,69385,292110,39790,71475,991
110B
Administration - All other Direct129,371102,38098,30094,110148,82966,892
110C
Administration - Construction





110D
Administration - Land, Equipment and Existing Structures


23,31011,396288,005
111A
Elections (cost of) - Salaries





111B
Elections (cost of) - All other Direct





111C
Elections (cost of) - Construction





111D
Elections (cost of) - Land, Equipment and Existing Structures





112A
Finance - Salaries17,50015,80015,20014,50014,50014,500
112B
Finance - All other Direct8,3507,8007,7005,3005,3005,300
112C
Finance - Construction





112D
Finance - Land, Equipment. and Existing Structures





113A
Taxes - Salaries





113B
Taxes - All other Direct





113C
Taxes - Construction





113D
Taxes - Land, Equipment, and Existing Structures





114A
Legal - Salaries





114B
Legal - All other Direct



18,04023,194
114C
Legal - Construction





114D
Legal - Land, Equipment, and Existing Structures





115A
Public Buildings - Salaries





115B
Public Buildings - All other Direct





115C
Public Buildings - Construction





115D
Public Buildings - Land, Equipment, and Existing Structures





116A
Court Facilities - Salaries





116B
Court Facilities - All other Direct





116C
Court Facilities - Construction





116D
Court Facilities - Land, Equipment, and Existing Structures





117A
Central Facilites - Salaries





117B
Central Facilities - All other Direct





117C
Central Facilites - Construction





117D
Central Facilites - Land, Equipment, and Existing Structures





118A
General Government All Other - Salaries





118B
General Government All Other - All other Direct


371,707

118C
General Government All Other - Construction





118D
General Government All Other - Land, Equipment, and Existing Structures





119APUBLICPolice and Communications - Salaries158,170121,103116,077113,090102,35584,723
119BSAFETYPolice and Communications - All other Direct48,41646,33346,64041,34438,06927,398
119C
Police and Communications - Construction





119D
Police and Communications - Land, Equipment and Existing Structures
12,82525,01331,00034,43137,234
120A
Emergency Communications - Salaries





120B
Emergency Communications - All other Direct





120C
Emergency Communications - Construction





120D
Emergency Communications - Land, Equipment and Existing Structures





121A
Emergency Management - Salaries



22,304
121B
Emergency Management - All other Direct



84,771
121C
Emergency Managment - Construction





121D
Emergency Management - Land, Equipment, and Existing Structures



10,152
122A
Fire - Salaries86,50477,84275,18934,205
27,565
122B
Fire - All other Direct142,49293,42382,07577,841
67,976
122C
Fire - Construction





122D
Fire - Land, Equipment, and Existing Structures379,135110,1057,57584,717
94,881
123A
Inspectors - Salaries





123B
Inspectors - All other Direct





123C
Inspectors - Construction





123D
Inspectors - Land, Equipment, and Existing Structures





124A
Rescue Units - Salaries





124B
Rescue Units - All other Direct





124C
Rescue Units - Construction





124D
Rescue Units - Land, Equipment, and Existing Structures





125A
Animal Control - Salaries





125B
Animal Control - All other Direct





125C
Animal Control - Construction





125D
Animal Control - Land, Equipment, and Existing Structures





126A
Public Safety All Other - Salaries





126B
Public Safety All Other - All other Direct





126C
Public Safety All Other - Construction





126D
Public Safety All Other - Land, Equipment, and Existing Structures





127ATRANSPORTraffic Engineering - Salaries





127BTATIONTraffic Engineering - All other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Land, Equipment, and Existing Structures





128A
Streets and Highways - Salaries50,40749,38745,74043,92011,86913,143
128B
Streets and Highways - All other Direct62,67259,40938,93288,72438,37931,885
128C
Streets and Highways - Construction





128D
Streets and Highways - Land, Equipment and Existing Structures
19,90322,64031,13827,6107,640
129A
Street Cleaning - Salaries





129B
Street Cleaning - All other Direct





129C
Street Cleaning - Construction





129D
Street Cleaning - Land, Equipment, and Existing Structures





130A
State Street Aid Allocation - Powell Bill - Salries





130B
State Street Aid Allocation - Powell Bill - All other Direct





130C
State Street Aid Allocation - Powell Bill - Construction





130D
State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures





131A
Parking Facilities - Salaries





131B
Parking Facilities - All other Direct





131C
Parking Facilities - Construction





131D
Parking Facilites - Land, Equipment, and Existing Structures





132A
Mass Transit - City - Salaries





132B
Mass Transit - City - All other Direct





132C
Mass Transit - City - Construction





132D
Mass Transit - City - Land, Equipment, and Existing Structures





133B
Mass Transit - Private - All other Direct only





134A
Airport - Salaries





134B
Airport - All other Direct





134C
Airport - Construction





134D
Airport - Land, Equipment, and Existing Structures





135A
Transportation - All Other - Salaries





135B
Transportation - All Other - All other Direct





135C
Transportation - All Other - Construction





135D
Transportation - All Other - Land, Equipment, and Existing Structures





136AENVIRONSolid Waste - Salaries43,58640,36139,05136,53167,04460,973
136BMENTALSolid Waste - All other Direct30,31228,83529,64528,71430,05528,028
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Land, Equipment, and Existing Structures




141,216
137A
Drainage and Watershed - Salaries





137B
Drainage and Watershed - All other Direct





137C
Drainage and Watershed - Construction





137D
Drainage and Watershed - Land, Equipment, and Existing Structures





138A
Cemeteries - Salaries





138B
Cemeteries - All other Direct





138C
Cemeteries - Construction





138D
Cemeteries - Land, Equipment, and Existing Structures





139A
Environmental Protection - All Other - Salaries





139B
Environmental Protection - All Other - All other Direct





139C
Environmental Protection - All Other - Construction





139D
Environmental Protection All Other - Land, Equipment, and Existing Structures





140AECONOMICPlanning and Zoning - Salaries





140B& PHYSICALPlanning and Zoning - All other Direct





140CDEVELOPPlanning and Zoning - Construction





140D
Planning and Zoning - Land, Equipment, and Existing Structures





141A
Economic Development - Salaries





141B
Economic Development - All other Direct645,35995,961137,042651,198

141C
Economic Development - Construction





141D
Economic Development - Land, Equipment, and Existing Structures





142A
Community Development - Salaries





142B
Community Development - All other Direct





142C
Community Development - Construction





142D
Community Development - Land, Equipment, and Existing Structures





143A
Housing and Urban Renewal - Salaries





143B
Housing and Urban Renewal - All other Direct





143C
Housing and Urban Renewal - Construction





143D
Housing and Urban Renewal - Land, Equipment, and Existing Structures





144A
Special Employment Programs (JTPA) - Salaries





144B
Special Employment Programs (JTPA) - All other Direct





144C
Special Employment Programs (JTPA) - Construction





144D
Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures





145A
Economic and Physical Development - All Other - Salaries [A]





145B
Economic and Physical Development - All Other - All other Direct





145C
Economic and Physical Development - All Other - Construction





145D
Economic and Physical Development - All Other - Land, Equipment, and Existing Structures





146AHUMANHealth - Salaries





146BSERVICESHealth - All other Direct





146C
Health - Construction





146D
Health - Land, Equipment, and Existing Structures





147A
Mental Health - Salaries





147B
Mental Health - All other Direct





147C
Mental Health - Construction





147D
Mental Health - Land, Equipment, and Existing Structures





148A
Social Services - Salaries





148B
Social Services - All other Direct





148C
Social Services - Construction





148D
Social Services - Land, Equipment, and Existing Structures





149B
Subsidies Paid: Hospitals - City Owned - All other Direct





150B
Subsidies Paid: Hospitals - Private Owned - All other Direct





151A
Other Human Services: Legal Aid - Salaries





151B
Other Human Services: Legal Aid - All other Direct





151C
Other Human Services: Legal Aid - Construction





151D
Other Human Services: Legal Aid - Land, Equipment, and Existing Structures





152A
Human Services - All Other - Salaries





152B
Human Services - All Other - All other Direct





152C
Human Services - All Other - Construction





152D
Human Services - All Other - Land, Equipment, and Existing Structures





153ACULTURE Recreation and Parks - Salaries3,0902,9103,0222,633

153BRECREATIONRecreation and Parks - All other Direct3,1483,1203,3233,6442,8091,389
153C
Recreation and Parks - Construction



42,300
153D
Recreation and Parks - Land, Equipment, and Existing Structures


862
96,839
154A
Coliseum - Salaries





154B
Coliseum - All other Direct





154C
Coliseum - Construction





154D
Coliseum - Land, Equipment, and Existing Structures





155A
Museums - Salaries





155B
Museums - All other Direct





155C
Museums - Construction





155D
Museums - Land, Equipment, and Existing Structures





156A
Libraries - Salaries





156B
Libraries - All other Direct





156C
Libraries - Construction





156D
Libraries - Land, Equipment, and Existing Structures





157A
Culture and Recreation - All Other - Salaries





157B
Human Services - All Other - All other Direct





157C
Human Services - All Other - Construction





157D
Human Services - All Other - Land, Equipment, and Existing Structures





158AUTILITYWater and Sewer - Salaries





158B
Water and Sewer - All other Direct



76,4629,382
158C
Water and Sewer - Construction





158D
Water and Sewer - Land, Equipment, and Existing Structures




1,060
159A
Electric Power - Salaries





159B
Electric Power - All other Direct





159C
Electric Power - Construction





159D
Electric Power - Land, Equipment, and Existing Structures





160A
Natural Gas - Salries





160B
Natural Gas - All other Direct





160C
Natural Gas - Construction





160D
Natural Gas - Land, Equipment and Existing Structures





160.1A
Storm water salaries





160.1B
Storm water other operating





160.1C
Storm water contruction





160.1C
Storm water land, equipment and existing structures





161BDEBTWater and Sewer - Debt Service Interest Payments





161DSERVICEWater and Sewer - Debt Service Principal Payments




786,576
162B
Electric - Debt Service Interest Payments





162D
Electric - Debt Service Principal Payments





163B
Gas - Debt Service Interest Payments





163D
Gas - Debt Service Principal Payments





164B
School - Debt Service Interest Payments





164D
School - Debt Service Principal Payments





165B
Hospital - Debt Service Interest Payments





165D
Hospital - Debt Service Principal Payments





166B
All Other - Debt Service Interest Payments3,7814,2915,92755,94470,24912,425
166D
All Other - Debt Service Principal Payments22,02315,87538,0138,52710,92652,895
167BPENSIONDirect Benefit Program - Pension Fund operated by the Unit





168BFRINGEFringe Benefits Unallocated - (B)





169B
Separation Allowance - Law Enforcement Officers -(B)





170B
Separation Allowance - Other Employees - (B)





171B
Supplemental Retirement Income Plan for Law Enforcement Officers - (B)6,6835,3401,8992,2352,2351,345
172B
Fringe Benefits Other - (B)





173A
Multi-County Library District, County, or Other Municipality Authority





173BINTERGOVMulti-County Library District, County, or Other Municipality (Item number)





173CEXPENDMulti-County Library District, County, or Other Municipality (Amount)





174A
General Governmental Actitivies shared with the County (County)





174B
General Governmental Actitivies shared with the County (Item number)





174C
General Governmental Actitivies shared with the County (Amount)





175A
Highways (Payments to State) (State)





175B
Highways (Payments to State) (Item number)





175C
Highways (Payments to State) (Amount)





176A
Others - Name of Payee #1





176B
Others - 1 (B)





176C
Others - 1 (C)





177A
Others - Name of Payee #2





177B
Others - 2 (B)





177C
Others - 2 (C)





178A
Others - Name of Payee #3





178B
Others - 3 (B)





178C
Others - 3 (C)





179 PART 6Current Year Levy Excluding Motor Vehicles314,853312,405284,533261,815238,893238,680
180 OTHERCurrent Year Levy Motor Vehicles Only21,81822,98423,70124,32616,89319,860
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles26,69326,1519,48711,0528,5757,228
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles3,9174,9724,1704,1853,7005,800
183
Percentage of Taxes Collected - Current Year All Property90.9190.7295.5794.6895.2094.96
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles91.5291.6396.6795.7896.4196.97
185
Percentage of Taxes Collected - Current Year - Motor Vehicles82.0578.3782.4182.8078.1070.80
186
Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal





187A
Capital Reserve or Available Funds - Schools - July 1, Previous Year





187B
Capital Reserve or Available Funds - Schools - June 30, Current Year





188A
Capital Reserve or Available Funds - Hospitals - July 1, Previous Year





188B
Capital Reserve or Available Funds - Hospitals - June 30, Current Year





189APART 7Cash on Hand and in Bank, and Securities - Held in Debt Service Fund





189BCASH &Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds





189CINVESTCash on Hand and in Bank, and Securities - All Other2,081,3382,286,3202,308,3302,226,1471,947,0742,281,664
190A PARTAppropriations made during the fiscal year pursuant to subsections b (1- 7)





190B 8Expenditures made during the fiscal year pursuant to subsections b (1- 7)





191
Investment in Property Acquired at any time under G.S. 158





192
Amount Expended during the fiscal year pursuant to subsections b (5) and b (7)





193
Amount of Tax Revenues taken into account under G.S.





194APART 9Amounts - Total Revenues and other financing sources per audit2,025,0431,041,2181,023,0852,384,3292,836,9507,249,379
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in286,42832,105
140,2562,170,2482,697,729
194D
Amounts - Net Revenues per AFIR1,738,6151,009,1131,023,0852,244,073666,7024,551,650


Calculated amount1,738,6151,009,1131,023,0852,244,073666,7024,551,650


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit2,246,8091,057,801930,2952,098,8473,134,0474,759,184
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out286,42832,105
140,2562,170,2482,697,729
195D
Amounts Net Expenditures per AFIR1,960,3811,025,696930,2951,958,591963,7992,061,455


Calculated amount1,960,3811,025,696930,2951,958,591963,7992,061,455


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatoryKathy johnson


951
Title of OfficialTown Clerk


952
Date Certified01/07/201004/27/200901/10/2007


953
Person to ContactDebora B Wentz


954
Title of Person to ContactCPA


955
Telephone Number828-464-1925


956
Facsimile Number828-464-9794






Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20052006200720082009
Unit's FBA %53.10%617.03%208.95%146.74%122.53%
Group average FBA %105.10%101.57%100.30%87.97%103.50%
State average Electric/Non Electric Group FBA %36.82%37.38%37.38%36.63%37.77%
State average FBA %36.78%36.96%105.10%36.34%37.00%






Municipal Population Group: No Electric 500 to 999

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Analysis of Property Tax

20052006200720082009
Municipality95.20%94.68%95.57%90.72%90.91%
Pop. Group95.90%95.56%96.02%96.28%96.93%
Statewide97.42%97.55%97.59%97.64%97.78%






Municipal Population Group: No Electric 500 to 999






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Analysis of General Obligation Debt

20052006200720082009
Municipality140000
Pop. Group227223212215200
Statewide505495478456455






Municipal Population Group: 500 to 999






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Analysis of Revenue

20052006200720082009
Property Tax$352387422432434
Utility00000
Sales Tax214205219225179
Sales & Services923231821
Intergovernmental114845433347951
Debt Proceeds291,381035506
Other Miscellaneous209259303305236
Total$9273,1001,4001,3622,327

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Analysis of Revenue for Fiscal 2009











2009
2009
CategoryRevenue
Per Capita
Property Tax$324,088
$434
Water/Sewer0
0
Electric0
0
Utility0
0
Sales Tax134,211
179
Sales & Services15,653
21
Intergovernment710,170
951
Debt Proceeds378,129
506
Miscellaneous176,364
236
Total$1,738,615
$2,327





Municipal Population Group: No Electric 500 to 999





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Analysis of Expenditures by Function for Fiscal 2009











2009
2009
CategoryExpenditures
Per Capita
General Government$274,603
$367
Water/Sewer0
0
Electric0
0
Utilities0
0
Debt Service25,804
35
Transportation113,079
151
Public Safety821,400
1,100
Other725,495
971
Total$1,960,381
$2,624





Municipal Population Group: No Electric 500 to 999





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Analysis of Expenditures by Object for Fiscal 2009






2009
2009
CategoryExpenditures
Per Capita
Salaries & Wages$478,639
$641
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay379,135
508
Other Operating1,102,607
1,475
Total$1,960,381
$2,624





Municipal Population Group: No Electric 500 to 999






Last Updated 6/11/2010 9:30:45 AM