North Carolina
Department of State Treasurer
Financial Information
Town of Coats



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

Go to North Carolina County and Municipal Financial Information Home Page
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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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201020092008200720062005

Revenues by Source







Property Tax$554,055 520,276 515,636 492,663 509,043 503,778


Utility 307,387 296,571 309,942 293,515 281,473 262,346


Sales Tax 196,238 206,866 247,261 249,466 235,243 238,954


Sales & Services 139,836 130,435 123,084 129,669 115,455 120,393


Intergovernmental 176,175 191,497 167,950 142,995 156,111 138,153


Debt Proceeds 81,463 40,535 - 29,678 11,971 12,559


Other Miscellaneous 62,974 50,068 230,991 138,033 67,527 158,870


Total$1,518,128 1,436,248 1,594,864 1,476,019 1,376,823 1,435,053










Expenditures by Function







Utility$256,723 281,016 421,516 287,429 265,582 259,973


Debt Service 17,043 42,937 13,952 - 14,849 25,910


Transportation 280,516 265,655 291,223 281,809 190,784 212,783


General Government 240,420 324,415 231,599 191,931 212,919 276,269


Public Safety 526,994 368,128 380,709 372,372 344,042 385,724


Other 237,722 269,004 238,976 265,050 214,831 243,473


Total$1,559,418 1,551,155 1,577,975 1,398,591 1,243,007 1,404,132










Expenditures by Object







Salaries & Wages$664,721 671,031 732,307 612,347 687,729 647,676


Capital Outlay 168,194 208,089 256,349 231,926 81,700 141,259


Other Operating + Debt Service 726,503 672,035 589,319 554,318 473,578 615,197


Total$1,559,418 1,551,155 1,577,975 1,398,591 1,243,007 1,404,132



















Per Capita Revenues by Source







Property Tax$254 245 249 242 254 255


Utility 141 139 149 144 141 133


Sales Tax 90 98 120 123 116 121


Sales & Services 64 61 59 64 58 61


Intergovernmental 81 90 81 70 78 70


Debt Proceeds 37 19 - 15 6 6


Other Miscellaneous 29 24 111 68 34 80


Total$696 676 769 726 687 726










Per Capita Expenditures by Function







Utility$118 132 203 141 133 131


Debt Service 8 20 7 - 7 13


Transportation 129 125 140 139 95 108


General Government 109 153 112 95 107 140


Public Safety 242 173 184 183 172 195


Other 109 127 115 130 107 123


Total$715 730 761 688 621 710










Per Capita Expenditures by Object







Salaries & Wages$305 316 353 301 343 328


Capital Outlay 77 98 124 114 41 71


Other Operating 333 316 284 273 237 311


Total$715 730 761 688 621 710










Population GroupNo Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Number of Municipalites in Group 96 100 101 101 103 103


Average Population In Group 1,660 1,652 1,661 1,642 1,638 1,632


Town of Coats Population 2,180 2,126 2,074 2,033 2,003 1,977

Group Average Per Capita Revenues by Source







Property Tax 411 422406369348331


Utility 429 436423430399379


Sales Tax 152 178201195180172


Sales & Services 81 7680777171


Intergovernmental 227 228217220243219


Debt Proceeds 39 3346384657


Other Miscellaneous 115 162261203273141


Total 1,454 1,5351,6341,5321,5601,370










Group Average Per Capita Expenditures by Function







Utility 479 531572461487425


Debt Service 128 154126110108107


Transportation 138 146139141130132


General Government 204 216265200222193


Public Safety 349 352386348327294


Other 175 201203206205170


Total 1,473 1,6001,6911,4661,4791,321










Group Average Per Capita Expenditures by Object







Salaries & Wages 479 498467447422409


Capital Outlay 270 327514332400308


Other Operating 724 775710686657604


Total 1,473 1,6001,6911,4651,4791,321


















General Fund
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201020092008200720062005

General Fund revenues$1,173,923 1,092,792 1,127,060 1,107,036 1,083,659 1,166,674

General Fund expenditures 1,280,150 1,244,438 1,149,119 1,096,670 966,321 1,139,063

Operating transfers in - - - - - -

Operating transfers out - - 18,749 - - -

Capital leases and installment purchase proceeds 34,902 14,383 51,570 - - -

Other items - 15,000 7,046 39,504 - -

Excess of revenues and other sources over (under) expenditures and other uses (71,325) (122,263) 17,808 49,870 117,338 27,611










Fund balance available (FBA):







In dollars$710,942 802,846 916,058 857,289 807,476 690,784


FBA as a % of GF Net Expenditures:







Unit's FBA %57.0965.2782.0678.1783.5660.64


Group weighted average FBA %66.6566.0562.4465.4864.5869.64


State weighted average Non-Electric Group39.1337.8936.6537.3937.3836.82


State weighted average FBA %37.7937.0936.3436.5436.9636.78

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital$416,034 381,575 381,263 384,842 349,911 325,369


Quick ratio5.99 6.27 3.53 4.98 6.24 5.86


Net income34,780 35,958 (13,344)15,372 375 (20,830)


Cashflow from operations72,215 (31,499)9,214 32,907 18,364 (21,658)


Depreciation & Amortization Expense22,749 24,243 22,941 20,222 24,208 24,542


























Cash, Investments and Financing
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201020092008200720062005











Population at July 1st of the Previous Year2,1802,1262,0742,0332,0031,977


Population GroupNo Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Cash &Investments$0 0 0 0 0 0


Investment Earnings0 0 0 0 0 0


Tax Rate Equivalent0.00000.00000.00000.00000.00000.0000


Tax Rate Equivalent Group weighted average0.00000.00000.00000.00040.00140.0000


Tax Rate Equivalent Statewide weighted average0.00130.00340.00690.01010.00800.0043


Latest year of Revaluation 200902003200320032003


January 1, Prior Year Assessed Valuation$98,430,619 82,344,758 82,223,859 79,618,755 76,681,520 75,722,586


Tax Rate0.55000.62000.62000.62000.64000.6400


Tax Rate Group weighted average0.29700.29830.28600.34240.32970.3306


Tax Rate State Wide0.40600.42620.42380.44500.43210.4448


Assessment -to-Sales Ratio100.2481.9883.7790.4194.7395.32


Assessment -to-Sales Ratio Group weighted average97.6986.7788.9479.9685.7186.82


Assessment -to-Sales Ratio Statewide98.2990.8188.5388.4192.2892.35


Assessed Valuation Adjusted for Assesment to Sales Ratio$98,194,951 100,444,935 98,154,302 88,064,102 80,947,451 79,440,397


EffectiveTax Rate0.55130.50830.51940.56050.60630.6100


Group weighted average Effective Tax Rate0.29010.25890.25440.27370.28260.2870


Statewide weighted average Effective Tax Rate0.39900.38700.37520.39340.39870.4108


Percent Collected96.390096.360095.920096.660097.000096.3700


Percent Collected Group weighted average95.5095.9996.8697.1896.9496.84


Percent Collected Statewide97.6197.3697.5697.5897.5597.42


Percent Collected Excluding Motor Vehicles97.8797.8898.4198.5298.6998.07


Percent Collected Excluding Motor Vehicles Group weighted average96.0096.6797.7898.0197.7697.85


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3098.3198.6598.5998.6198.36


Percent Collected Motor Vehicles Only 80.9784.8879.3583.8384.1583.40


Percent Collected Motor Vehicles Only Group weighted average85.4284.6085.1686.0785.5486.22


Percent Collected Motor Vehicles Only Statewide weighted average 86.8986.6786.7486.7186.8087.31


Tax Uncollected59,000 70,413 75,087 69,099 62,883 65,471


Tax Rate Equivalent0.05990.08550.09130.08680.08200.0865


Dominant County: Harnett






Debt Information








Population Group1,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,499


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 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group256 265 277 294 297 306


Total Per Capita Statewide449 455 456 478 495 505


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


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1838%0.1750%0.1852%0.2336%0.2606%0.2847%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4104%0.3909%0.4132%0.4706%0.5275%0.5588%


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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LineSectionDescription201020092008200720062005

Population at July 1st of the Previous Year Adjusted for Boundry Changes2,1802,1262,0742,0332,0031,977









1.5AFISCAL Governmental Activities Assets1,233,9751,331,5401,550,3171,554,0511,506,0171,499,808
1.5BSUMMARYGovernmental Activities Liabilities125,45864,187105,46239,70313,99325,286
3.5A
Business Type Activities Assets803,707773,112832,488724,330678,055677,788
3.5B
Business Type Activities Liabilties111,552115,734211,07198,97868,07568,183
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy538,987501,329498,025479,146477,940474,406
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections9,40213,69615,5388,60822,95422,532
13.0
Penalties and Interest5,6665,2512,0734,9098,1496,840
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax





16.0
1% Local Government Option Sales Tax59,38162,02569,03169,22467,65378,679
17.0
1/2% Local Government Option Sales Tax (40)55,40861,64166,96567,72862,37458,524
18.0
1/2% Local Government Option Sales Tax (42)39,78461,31866,65567,42262,12858,263
18.5
1/2% Local Government Option Sales Tax (44)41,66521,88244,61045,09243,08843,488
19.0
Privilege Licenses2,685

3,1052,5352,500
19.2
Privilege -- All other privileges and pemits
2,9453,264


20.0
Auto Licenses6,875

6,3796,4176,014
21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses4,00810,82730,25712,40620,50920,461
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral 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





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax


2,4565,6936,891
41.0REVENUESTransitional Hold Harmless9,75017,146



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 Tax99,06290,50869,95460,97455,88451,635
45.0
Beer and Wine Tax3,0329,3149,3659,0518,7328,636
46.0
Powell Bill64,33171,62479,25370,51471,00470,991
50.0
Court Fees - Facilities and Arrest Fees
2,905



51.0
General Government





52.0
Public Safety



9,529
53.0
Transportation - Streets





54.0
Transportation - All Other

2,655


55.0
Environmental Protection





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





61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government

6,000


63.0REVENUESPublic Safety

723
5,269
64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





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


6,0006,0006,000
71.0PERMITS Building Permits





72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits
1,3562,2152,5351,5482,955
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges5,061




78.0
Solid Waste117,304101,200102,20590,26487,74488,160
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries3,2116,5002,0006,2611,7001,600
81.0
Recreation Service Revenues14,26021,37916,61528,40323,35626,661
82.0
Library Service Revenues

492,2061,1071,017
83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services1,295
3,446


86.0UTILITYWater and Sewer Charges306,092296,571306,496293,515281,473262,346
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds14,50421,29665,35445,36132,06616,661
91.0
Special Assessments





92.0
Private Contributions and Donations




107,234
93.0
Sales of Materials and Fixed Assets
15,0007,04664,782

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





98.0
Other Miscellaneous Revenues81,46326,152
29,67811,97112,559
99.0
Proceeds of Sale of Bonds and Notes
14,383



100.0
Proceeds of Capital Leases/Install Purchases34,902
125,070


101.0
Other





102.0NON-REVSchool - Current Levy Collections

498,025


103.0RECEIPTSPrior Years' Levy Collections

15,538


104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits


1,941274-3,371
106.0
Deposits Other than Utility





107.0
Prepaid Taxes



1081,449
108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages10,55310,69512,99512,43611,9699,800
109BGENERALGoverning Body - Other Direct44,90349,16145,96827,62337,460159,202
109CGOVTGoverning Body - Construction





109D
Governing Body - Purchase of P,P&E





110A
Administration - Salaries & Wages135,053194,864124,74196,762106,08742,380
110B
Administration - Other Direct43,92861,91445,36236,62334,62744,272
110C
Administration - Construction





110D
Administration - Purchase of P,P&E




6,000
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 Direct5,9837,7812,5333,1503,1543,130
113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages





114B
Legal - Other Direct


15,33719,62211,485
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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages305,989233,485269,103235,333257,969254,900
119BSAFETYPolice & Comm - Traffic Control - Other Direct169,119109,73877,02164,93158,91478,283
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E41,58314,38325,34659,52413,21739,569
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


3,9004,5504,550
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





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E118,451120,952120,245129,89167,48377,545
128A
Streets and Highways - Salaries & Wages84,05378,095143,09067,69353,57948,002
128B
Streets and Highways - Other Direct





128C
Streets and Highways - Construction

27,88828,899
16,245
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 Direct78,01266,608
55,32669,72270,991
130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E





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





136AENVIRONSolid Waste - Salaries & Wages



65,08876,865
136BMENTALSolid Waste - Other Direct114,58196,20992,64376,57420,25121,781
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E





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





138B
Cemeteries - Other Direct6,2154,3714,98514,4925,2803,309
138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E
5,000



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





140AECONOMICPlanning & Zoning - Salaries & Wages7,24644,56653,18848,76035,24348,548
140B& PHYSICALPlanning & Zoning - Other Direct17,95819,2867,28820,3916,2969,526
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E



1,000
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





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - 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





153ACULTURE Recreation & Parks - Salaries & Wages40,56627,21528,07135,28134,28836,224
153BRECREATIONRecreation & Parks - Other Direct51,15641,19847,80544,72232,03130,434
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E
27,819
11,100
1,900
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


11,09911,69211,173
156B
Libraries - Other Direct
3,3404,9962,6313,6623,713
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





158AUTILITYWater & Sewer - Salaries & Wages81,26182,111101,119104,983111,814119,784
158B
Water & Sewer - Other Direct 167,302158,970237,527179,934153,768140,189
158C
Water & Sewer - Construction





158D
Water & Sewer - Purchase of P,P&E8,16039,93582,8702,512

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





161BDEBTWater & Sewer - Interest & Fees16,33016,3302,355
154304
161DSERVICEWater & Sewer - Principal



5,6701,483
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 & Fees71326,6072,502
212965
166D
All Other - Principal

9,095
8,81323,158
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement10,30310,5229,2398,6849,3928,422
172B
Fringe Benefits Other





173AINTERGOVMulti-Cnty Libr Dis,Cnty,Or Other - Recipient





173BEXPENDMulti-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 vehicles505,548.459,580.00451,293.00433,033.00435,514.00435,220.00
180.0
Current year's levy -- Motor vehicles (only)48,208.60,668.0067,923.0062,674.0057,187.0057,064.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh10,792.9,745.007,164.006,425.005,696.008,407.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles9,1749,17414,02610,1369,0659,471
183.0DATAPercentage of Taxes Collected - All Property %96.3996.3695.9296.6697.0096.37
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%97.8797.8898.4198.5298.6998.07
185.0
Percentage of Taxes Collected - Motor Vehicles %80.9784.8879.3583.8384.1583.40
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





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond





189CINVESTCash On Hand & in Bank - All Other1,234,3091,257,1331,149,0521,363,8721,238,5731,103,552
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures 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





194APART 9Amount - Total Revenues1,518,1281,436,2481,613,6131,476,0191,376,8231,435,053
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In

18,749


194D
Amount - Net Revenues1,518,1281,436,2481,594,8641,476,0191,376,8231,435,053


Calculated amount1,518,1281,436,2481,594,8641,476,0191,376,8231,435,053


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures1,559,4181,551,1551,596,7241,398,5911,243,0071,404,132
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out

18,749


195D
Amount - Net Expenditures1,559,4181,551,1551,577,9751,398,5911,243,0071,404,132


Calculated amount1,559,4181,551,1551,577,9751,398,5911,243,0071,404,132


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water49,703,857
66,483


402BOperationsAmount processed and/or purchased in units Sewer





403A
Total amount billed in units - Water46,750,476
66,483


403B
Total amount billed in units - Sewer





404A
Of the total in 403A above how many units were Residential W46,750,476
65,153


404B
Of the total in 403B above how many units were Residential S





405A
Of the total in 403 above, how many units were Outside Muni W





405B
Of the total in 403 above, how many units were Outside Muni S





406A
Of the total in 405A above how many units were Residential W





406B
Of the total in 405B above how many units were Residential S





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 bulk267,465
108,720


408A
Dollars related to 403A above





408B
Dollars related to 403B above267,465
106,546


409A
Dollars related to 404A above





409B
Dollars related to 404B above





410A
Dollars related to 405A above





410B
Dollars related to 405B above





411A
Dollars related to 406A above





411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above970
850


421A
Number of residential accounts billed - Water





421B
Number of residential accounts billed - Sewer76
150


422A
Number of non-residential & bulk accounts billed - Water





422B
Number of non-residential & bulk accounts billed - Sewer222222
423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialKenneth Cole

951.0
TitleTown Manager

952.0
Date11/01/201007/28/201011/24/200811/20/200711/20/200611/21/2005
953.0
ContactShawna Balck

954.0
TitleTown Clerk

955.0
Phone910-897-5183




956.0
Fax910-897-2662




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Coats













201020092008200720062005








Population
2,1802,1262,0742,0332,0031,977
Population Group
No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499
Total Operating Revenues
$303,149296,571306,496293,515281,473262,346
Total Operating Revenues Per Capita
$139139148144141133
Group Weighted Average Revenues Per Capita330321319302290280
State Weighted Average Revenues Per Capita306290293293286262








% to Total Operating Revenues






Operating Expenses
89.50%89.46%117.97%104.51%102.94%109.30%
Group Weighted Average
104.07%106.58%105.52%106.56%103.88%102.64%
State Weighted Average
83.80%88.94%85.72%81.18%80.03%84.59%








Operating Margin
10.50%10.54%-17.97%-4.51%-2.94%-9.30%
Group Weighted Average
-4.07%-6.58%-5.52%-6.56%-3.88%-2.64%
State Weighted Average
16.20%11.06%14.28%18.82%19.97%15.41%








Operating Transfers In
0.00%0.00%6.12%0.00%0.00%0.00%
Group Weighted Average
9.98%5.97%5.53%3.13%3.89%4.67%
State Weighted Average
1.47%1.12%1.21%1.12%1.45%1.59%








Operating Transfers Out
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
1.49%6.71%1.78%2.63%14.23%0.66%
State Weighted Average
1.66%2.70%3.12%1.85%2.76%2.79%








Net Income before capital contributions
11.47%12.12%-4.35%5.24%0.13%-7.94%
Group Weighted Average
10.39%-25.58%23.38%12.88%9.73%16.11%
State Weighted Average
12.99%-9.68%14.10%18.23%15.30%15.64%








Key Ratios and Cash Flow














Quick Ratio
5.996.273.534.986.245.86
Group Weighted Average
3.373.102.843.253.583.48
State Weighted Average
3.202.812.962.902.821.82








Days Sales in Receivables
8.044.740.848.342.338.7
Group Weighted Average
55.244.749.448.843.443.8
State Weighted Average
58.858.656.160.758.160.0








Days Cash on Hand
666.9610.9519.5549.0511.0487.8
Group Weighted Average
432.3414.6426.4624.7477.4496.4
State Weighted Average
526.9479.1507.5565.1514.1479.7








Cash flow from Operations
$72,215-31,4999,21432,90718,364-21,658








Debt to Equity
0.070.090.120.000.000.01
Group Weighted Average
0.240.260.280.270.280.27
State Weighted Average
0.600.560.570.550.520.54








Debt per Capita
212935003
Group Weighted Average
483501535482473500
State Weighted Average
997927932886798753








Capital Expenditures:
201020092008200720062005


$000000










2004200320022001



$28,2731,41090,99913,521









Capital Contributions: Excluded from income above
$000000
















Operating Statistics














Estimated population of the areas served Water0000NANA
Estimated population of the areas served Sewer0000NANA








Number of Gallons of Water Processed (000) omitted49,703,857066,4830NANA
Number of Gallons of Sewage Processed (000) omitted0000NANA








Number of Gallons of Water Billed (000) omitted46,750,476066,4830NANA
Number of Gallons of Sewage Billed (000) omitted0000NANA








Ratio of Water Billed to Water Processed0.94058
1.00000
NANA
Ratio of Sewage Billed to Sewage Processed



NANA








Total Revenue from Water Sales267,4650108,7200NANA
Total Revenue from Sewage Sales0000NANA








Water Revenue per 1000 gallons of Sales




NANA
Sewage Revenue per 1000 gallons of Sales




NANA








Group Average Sales per thousand Gallons Water$57.50679$27.87923$1,769.81984$14,046.04813NANA
Group Average Sales per thousand Gallons Sewage$65.99734$34.82867$854.41571$7,762.65881NANA








State Average Sales per thousand Gallons Water$25.53413$28.47236$12,972.02948$5,350.70834NANA
State Average Sales per thousand Gallons Sewage$40.97199$44.63671$11,463.64343$3,991.93085NANA








Residential Water Sales per thousand Gallons$0.00572
1.63532
NANA
Residential Sewage Sales per thousand Gallons



NANA








Water Sales per thousand Gallons outside Municipal Limits



NANA
Sewage Sales per thousand Gallons outside Municipal Limits



NANA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.00000NANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.00000NANA




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20062007200820092010
Unit's FBA %83.56%78.17%82.06%65.27%57.09%
Group average FBA %64.58%65.48%62.44%66.05%66.65%
State average Electric/Non Electric Group FBA %37.38%37.39%36.65%37.89%39.13%
State average FBA %36.96%36.54%64.58%37.09%37.79%






Municipal Population Group: No Electric 1,000 to 2,499

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Analysis of Property Tax

20062007200820092010
Municipality97.00%96.66%95.92%96.36%96.39%
Pop. Group96.94%97.18%96.86%95.99%95.50%
Statewide97.55%97.58%97.56%97.36%97.61%






Municipal Population Group: No Electric 1,000 to 2,499






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Analysis of General Obligation Debt

20062007200820092010
Municipality00000
Pop. Group297294277265256
Statewide495478456455449






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20062007200820092010
Property Tax$254242249245254
Utility141144149139141
Sales Tax1161231209890
Sales & Services5864596164
Intergovernmental7870819081
Debt Proceeds61501937
Other Miscellaneous34681112429
Total$687726769676696

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Analysis of Revenue for Fiscal 2010











2010
2010
CategoryRevenue
Per Capita
Property Tax$554,055
$254
Water/Sewer1,295
1
Electric306,092
140
Other Utilities0
0
Sales Tax196,238
90
Sales & Services139,836
64
Intergovernment176,175
81
Debt Proceeds81,463
37
Miscellaneous62,974
29
Total$1,518,128
$696





Municipal Population Group: No Electric 1,000 to 2,499





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Analysis of Expenditures by Function for Fiscal 2010











2010
2010
CategoryExpenditures
Per Capita
General Government$240,420
$109
Water/Sewer0
0
Electric256,723
118
Other Utilities0
0
Debt Service17,043
8
Transportation280,516
129
Public Safety526,994
242
Other237,722
109
Total$1,559,418
$715





Municipal Population Group: No Electric 1,000 to 2,499





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Analysis of Expenditures by Object for Fiscal 2010






2010
2010
CategoryExpenditures
Per Capita
Salaries & Wages$664,721
$305
Water/Sewer Capital0
0
Electric Capital8,160
4
Other Capital160,034
73
Other Operating726,503
333
Total$1,559,418
$715





Municipal Population Group: No Electric 1,000 to 2,499






Last Updated 5/4/2011 8:17:41 PM