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
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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			2010	2009	2008	2007	2006	2005
	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 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
		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	422	406	369	348	331
		Utility	429	436	423	430	399	379
		Sales Tax	152	178	201	195	180	172
		Sales & Services	81	76	80	77	71	71
		Intergovernmental	227	228	217	220	243	219
		Debt Proceeds	39	33	46	38	46	57
		Other Miscellaneous	115	162	261	203	273	141
		Total	1,454	1,535	1,634	1,532	1,560	1,370

	Group Average Per Capita Expenditures by Function
		Utility	479	531	572	461	487	425
		Debt Service	128	154	126	110	108	107
		Transportation	138	146	139	141	130	132
		General Government	204	216	265	200	222	193
		Public Safety	349	352	386	348	327	294
		Other	175	201	203	206	205	170
		Total	1,473	1,600	1,691	1,466	1,479	1,321

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	479	498	467	447	422	409
		Capital Outlay	270	327	514	332	400	308
		Other Operating	724	775	710	686	657	604
		Total	1,473	1,600	1,691	1,465	1,479	1,321


General Fund Go to top of page			2010	2009	2008	2007	2006	2005
	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 %	57.09	65.27	82.06	78.17	83.56	60.64
		Group weighted average FBA %	66.65	66.05	62.44	65.48	64.58	69.64
		State weighted average Non-Electric Group	39.13	37.89	36.65	37.39	37.38	36.82
		State weighted average FBA %	37.79	37.09	36.34	36.54	36.96	36.78


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$416,034	381,575	381,263	384,842	349,911	325,369
		Quick ratio	5.99	6.27	3.53	4.98	6.24	5.86
		Net income	34,780	35,958	(13,344)	15,372	375	(20,830)
		Cashflow from operations	72,215	(31,499)	9,214	32,907	18,364	(21,658)
		Depreciation & Amortization Expense	22,749	24,243	22,941	20,222	24,208	24,542



Cash, Investments and Financing Go to top of page			2010	2009	2008	2007	2006	2005

		Population at July 1st of the Previous Year	2,180	2,126	2,074	2,033	2,003	1,977
		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
		Cash &Investments	$0	0	0	0	0	0
		Investment Earnings	0	0	0	0	0	0
		Tax Rate Equivalent	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000
		Tax Rate Equivalent Group weighted average	0.0000	0.0000	0.0000	0.0004	0.0014	0.0000
		Tax Rate Equivalent Statewide weighted average	0.0013	0.0034	0.0069	0.0101	0.0080	0.0043
		Latest year of Revaluation	2009	0	2003	2003	2003	2003
		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 Rate	0.5500	0.6200	0.6200	0.6200	0.6400	0.6400
		Tax Rate Group weighted average	0.2970	0.2983	0.2860	0.3424	0.3297	0.3306
		Tax Rate State Wide	0.4060	0.4262	0.4238	0.4450	0.4321	0.4448
		Assessment -to-Sales Ratio	100.24	81.98	83.77	90.41	94.73	95.32
		Assessment -to-Sales Ratio Group weighted average	97.69	86.77	88.94	79.96	85.71	86.82
		Assessment -to-Sales Ratio Statewide	98.29	90.81	88.53	88.41	92.28	92.35
		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 Rate	0.5513	0.5083	0.5194	0.5605	0.6063	0.6100
		Group weighted average Effective Tax Rate	0.2901	0.2589	0.2544	0.2737	0.2826	0.2870
		Statewide weighted average Effective Tax Rate	0.3990	0.3870	0.3752	0.3934	0.3987	0.4108
		Percent Collected	96.3900	96.3600	95.9200	96.6600	97.0000	96.3700
		Percent Collected Group weighted average	95.50	95.99	96.86	97.18	96.94	96.84
		Percent Collected Statewide	97.61	97.36	97.56	97.58	97.55	97.42
		Percent Collected Excluding Motor Vehicles	97.87	97.88	98.41	98.52	98.69	98.07
		Percent Collected Excluding Motor Vehicles Group weighted average	96.00	96.67	97.78	98.01	97.76	97.85
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.30	98.31	98.65	98.59	98.61	98.36
		Percent Collected Motor Vehicles Only	80.97	84.88	79.35	83.83	84.15	83.40
		Percent Collected Motor Vehicles Only Group weighted average	85.42	84.60	85.16	86.07	85.54	86.22
		Percent Collected Motor Vehicles Only Statewide weighted average	86.89	86.67	86.74	86.71	86.80	87.31
		Tax Uncollected	59,000	70,413	75,087	69,099	62,883	65,471
		Tax Rate Equivalent	0.0599	0.0855	0.0913	0.0868	0.0820	0.0865
		Dominant County: Harnett
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 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 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	256	265	277	294	297	306
		Total Per Capita Statewide	449	455	456	478	495	505
		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	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%	0.2847%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4104%	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 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	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2010	2009	2008	2007	2006	2005
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		2,180	2,126	2,074	2,033	2,003	1,977

1.5A	FISCAL	Governmental Activities Assets	1,233,975	1,331,540	1,550,317	1,554,051	1,506,017	1,499,808
1.5B	SUMMARY	Governmental Activities Liabilities	125,458	64,187	105,462	39,703	13,993	25,286
3.5A		Business Type Activities Assets	803,707	773,112	832,488	724,330	678,055	677,788
3.5B		Business Type Activities Liabilties	111,552	115,734	211,071	98,978	68,075	68,183
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	538,987	501,329	498,025	479,146	477,940	474,406
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	9,402	13,696	15,538	8,608	22,954	22,532
13.0		Penalties and Interest	5,666	5,251	2,073	4,909	8,149	6,840
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 Tax	59,381	62,025	69,031	69,224	67,653	78,679
17.0		1/2% Local Government Option Sales Tax (40)	55,408	61,641	66,965	67,728	62,374	58,524
18.0		1/2% Local Government Option Sales Tax (42)	39,784	61,318	66,655	67,422	62,128	58,263
18.5		1/2% Local Government Option Sales Tax (44)	41,665	21,882	44,610	45,092	43,088	43,488
19.0		Privilege Licenses	2,685			3,105	2,535	2,500
19.2		Privilege -- All other privileges and pemits		2,945	3,264
20.0		Auto Licenses	6,875			6,379	6,417	6,014
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	4,008	10,827	30,257	12,406	20,509	20,461
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	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				2,456	5,693	6,891
41.0	REVENUES	Transitional Hold Harmless	9,750	17,146
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 Tax	99,062	90,508	69,954	60,974	55,884	51,635
45.0		Beer and Wine Tax	3,032	9,314	9,365	9,051	8,732	8,636
46.0		Powell Bill	64,331	71,624	79,253	70,514	71,004	70,991
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
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government			6,000
63.0	REVENUES	Public 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				6,000	6,000	6,000
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits		1,356	2,215	2,535	1,548	2,955
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges	5,061
78.0		Solid Waste	117,304	101,200	102,205	90,264	87,744	88,160
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries	3,211	6,500	2,000	6,261	1,700	1,600
81.0		Recreation Service Revenues	14,260	21,379	16,615	28,403	23,356	26,661
82.0		Library Service Revenues			49	2,206	1,107	1,017
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	1,295		3,446
86.0	UTILITY	Water and Sewer Charges	306,092	296,571	306,496	293,515	281,473	262,346
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	14,504	21,296	65,354	45,361	32,066	16,661
91.0		Special Assessments
92.0		Private Contributions and Donations						107,234
93.0		Sales of Materials and Fixed Assets		15,000	7,046	64,782
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 Revenues	81,463	26,152		29,678	11,971	12,559
99.0		Proceeds of Sale of Bonds and Notes		14,383
100.0		Proceeds of Capital Leases/Install Purchases	34,902		125,070
101.0		Other
102.0	NON-REV	School - Current Levy Collections			498,025
103.0	RECEIPTS	Prior Years' Levy Collections			15,538
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits				1,941	274	-3,371
106.0		Deposits Other than Utility
107.0		Prepaid Taxes					108	1,449
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	10,553	10,695	12,995	12,436	11,969	9,800
109B	GENERAL	Governing Body - Other Direct	44,903	49,161	45,968	27,623	37,460	159,202
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	135,053	194,864	124,741	96,762	106,087	42,380
110B		Administration - Other Direct	43,928	61,914	45,362	36,623	34,627	44,272
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 Direct	5,983	7,781	2,533	3,150	3,154	3,130
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct				15,337	19,622	11,485
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
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	305,989	233,485	269,103	235,333	257,969	254,900
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	169,119	109,738	77,021	64,931	58,914	78,283
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	41,583	14,383	25,346	59,524	13,217	39,569
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				3,900	4,550	4,550
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
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E	118,451	120,952	120,245	129,891	67,483	77,545
128A		Streets and Highways - Salaries & Wages	84,053	78,095	143,090	67,693	53,579	48,002
128B		Streets and Highways - Other Direct
128C		Streets and Highways - Construction			27,888	28,899		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 Direct	78,012	66,608		55,326	69,722	70,991
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
136A	ENVIRON	Solid Waste - Salaries & Wages					65,088	76,865
136B	MENTAL	Solid Waste - Other Direct	114,581	96,209	92,643	76,574	20,251	21,781
136C	PROTECTION	Solid 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 Direct	6,215	4,371	4,985	14,492	5,280	3,309
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
140A	ECONOMIC	Planning & Zoning - Salaries & Wages	7,246	44,566	53,188	48,760	35,243	48,548
140B	& PHYSICAL	Planning & Zoning - Other Direct	17,958	19,286	7,288	20,391	6,296	9,526
140C	DEVELOP	Planning & 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
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	40,566	27,215	28,071	35,281	34,288	36,224
153B	RECREATION	Recreation & Parks - Other Direct	51,156	41,198	47,805	44,722	32,031	30,434
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				11,099	11,692	11,173
156B		Libraries - Other Direct		3,340	4,996	2,631	3,662	3,713
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
158A	UTILITY	Water & Sewer - Salaries & Wages	81,261	82,111	101,119	104,983	111,814	119,784
158B		Water & Sewer - Other Direct	167,302	158,970	237,527	179,934	153,768	140,189
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E	8,160	39,935	82,870	2,512
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
161B	DEBT	Water & Sewer - Interest & Fees	16,330	16,330	2,355		154	304
161D	SERVICE	Water & Sewer - Principal					5,670	1,483
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 & Fees	713	26,607	2,502		212	965
166D		All Other - Principal			9,095		8,813	23,158
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	10,303	10,522	9,239	8,684	9,392	8,422
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	505,548.	459,580.00	451,293.00	433,033.00	435,514.00	435,220.00
180.0		Current year's levy -- Motor vehicles (only)	48,208.	60,668.00	67,923.00	62,674.00	57,187.00	57,064.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	10,792.	9,745.00	7,164.00	6,425.00	5,696.00	8,407.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	9,174	9,174	14,026	10,136	9,065	9,471
183.0	DATA	Percentage of Taxes Collected - All Property %	96.39	96.36	95.92	96.66	97.00	96.37
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	97.87	97.88	98.41	98.52	98.69	98.07
185.0		Percentage of Taxes Collected - Motor Vehicles %	80.97	84.88	79.35	83.83	84.15	83.40
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
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	1,234,309	1,257,133	1,149,052	1,363,872	1,238,573	1,103,552
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	1,518,128	1,436,248	1,613,613	1,476,019	1,376,823	1,435,053
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In			18,749
194D		Amount - Net Revenues	1,518,128	1,436,248	1,594,864	1,476,019	1,376,823	1,435,053
		Calculated amount	1,518,128	1,436,248	1,594,864	1,476,019	1,376,823	1,435,053
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	1,559,418	1,551,155	1,596,724	1,398,591	1,243,007	1,404,132
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out			18,749
195D		Amount - Net Expenditures	1,559,418	1,551,155	1,577,975	1,398,591	1,243,007	1,404,132
		Calculated amount	1,559,418	1,551,155	1,577,975	1,398,591	1,243,007	1,404,132
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water	49,703,857		66,483
402B	Operations	Amount processed and/or purchased in units Sewer
403A		Total amount billed in units - Water	46,750,476		66,483
403B		Total amount billed in units - Sewer
404A		Of the total in 403A above how many units were Residential W	46,750,476		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 bulk	267,465		108,720
408A		Dollars related to 403A above
408B		Dollars related to 403B above	267,465		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 above	970		850
421A		Number of residential accounts billed - Water
421B		Number of residential accounts billed - Sewer	76		150
422A		Number of non-residential & bulk accounts billed - Water
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	Kenneth Cole
951.0		Title	Town Manager
952.0		Date	11/01/2010	07/28/2010	11/24/2008	11/20/2007	11/20/2006	11/21/2005
953.0		Contact	Shawna Balck
954.0		Title	Town Clerk
955.0		Phone	910-897-5183
956.0		Fax	910-897-2662
957.0		E-Mail:

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

	2010	2009	2008	2007	2006	2005

Population	2,180	2,126	2,074	2,033	2,003	1,977
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	$303,149	296,571	306,496	293,515	281,473	262,346
Total Operating Revenues Per Capita	$139	139	148	144	141	133
Group Weighted Average Revenues Per Capita	330	321	319	302	290	280
State Weighted Average Revenues Per Capita	306	290	293	293	286	262

% 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	5.99	6.27	3.53	4.98	6.24	5.86
Group Weighted Average	3.37	3.10	2.84	3.25	3.58	3.48
State Weighted Average	3.20	2.81	2.96	2.90	2.82	1.82

Days Sales in Receivables	8.0	44.7	40.8	48.3	42.3	38.7
Group Weighted Average	55.2	44.7	49.4	48.8	43.4	43.8
State Weighted Average	58.8	58.6	56.1	60.7	58.1	60.0

Days Cash on Hand	666.9	610.9	519.5	549.0	511.0	487.8
Group Weighted Average	432.3	414.6	426.4	624.7	477.4	496.4
State Weighted Average	526.9	479.1	507.5	565.1	514.1	479.7

Cash flow from Operations	$72,215	-31,499	9,214	32,907	18,364	-21,658

Debt to Equity	0.07	0.09	0.12	0.00	0.00	0.01
Group Weighted Average	0.24	0.26	0.28	0.27	0.28	0.27
State Weighted Average	0.60	0.56	0.57	0.55	0.52	0.54

Debt per Capita	21	29	35	0	0	3
Group Weighted Average	483	501	535	482	473	500
State Weighted Average	997	927	932	886	798	753

Capital Expenditures:	2010	2009	2008	2007	2006	2005
	$0	0	0	0	0	0

	2004	2003	2002	2001
	$28,273	1,410	90,999	13,521

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

Number of Gallons of Water Processed (000) omitted	49,703,857	0	66,483	0	NA	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	0	0	NA	NA

Number of Gallons of Water Billed (000) omitted	46,750,476	0	66,483	0	NA	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	0	0	NA	NA

Ratio of Water Billed to Water Processed	0.94058		1.00000		NA	NA
Ratio of Sewage Billed to Sewage Processed					NA	NA

Total Revenue from Water Sales	267,465	0	108,720	0	NA	NA
Total Revenue from Sewage Sales	0	0	0	0	NA	NA

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

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

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

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

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

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

	2006	2007	2008	2009	2010
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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2006 2007 2008 2009 2010

Municipality 97.00% 96.66% 95.92% 96.36% 96.39%

Pop. Group 96.94% 97.18% 96.86% 95.99% 95.50%

Statewide 97.55% 97.58% 97.56% 97.36% 97.61%

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

	2006	2007	2008	2009	2010
Municipality	97.00%	96.66%	95.92%	96.36%	96.39%
Pop. Group	96.94%	97.18%	96.86%	95.99%	95.50%
Statewide	97.55%	97.58%	97.56%	97.36%	97.61%

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

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2006 2007 2008 2009 2010

Municipality 0 0 0 0 0

Pop. Group 297 294 277 265 256

Statewide 495 478 456 455 449

Municipal Population Group: 1,000 to 2,499

	2006	2007	2008	2009	2010
Municipality	0	0	0	0	0
Pop. Group	297	294	277	265	256
Statewide	495	478	456	455	449

Municipal Population Group: 1,000 to 2,499

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2006 2007 2008 2009 2010

Property Tax $254 242 249 245 254

Utility 141 144 149 139 141

Sales Tax 116 123 120 98 90

Sales & Services 58 64 59 61 64

Intergovernmental 78 70 81 90 81

Debt Proceeds 6 15 0 19 37

Other Miscellaneous 34 68 111 24 29

Total $687 726 769 676 696

	2006	2007	2008	2009	2010
Property Tax	$254	242	249	245	254
Utility	141	144	149	139	141
Sales Tax	116	123	120	98	90
Sales & Services	58	64	59	61	64
Intergovernmental	78	70	81	90	81
Debt Proceeds	6	15	0	19	37
Other Miscellaneous	34	68	111	24	29
Total	$687	726	769	676	696

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2010
2010

Category Revenue
Per Capita

Property Tax $554,055
$254

Water/Sewer 1,295
1

Electric 306,092
140

Other Utilities 0
0

Sales Tax 196,238
90

Sales & Services 139,836
64

Intergovernment 176,175
81

Debt Proceeds 81,463
37

Miscellaneous 62,974
29

Total $1,518,128
$696

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

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2010
2010

Category Expenditures
Per Capita

General Government $240,420
$109

Water/Sewer 0
0

Electric 256,723
118

Other Utilities 0
0

Debt Service 17,043
8

Transportation 280,516
129

Public Safety 526,994
242

Other 237,722
109

Total $1,559,418
$715

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

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2010
2010

Category Expenditures
Per Capita

Salaries & Wages $664,721
$305

Water/Sewer Capital 0
0

Electric Capital 8,160
4

Other Capital 160,034
73

Other Operating 726,503
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



	2010	2010
Category	Revenue	Per Capita
Property Tax	$554,055	$254
Water/Sewer	1,295	1
Electric	306,092	140
Other Utilities	0	0
Sales Tax	196,238	90
Sales & Services	139,836	64
Intergovernment	176,175	81
Debt Proceeds	81,463	37
Miscellaneous	62,974	29
Total	$1,518,128	$696

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Coats

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Coats