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

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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			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$0	515,636	492,663	509,043	503,778	521,736
		Utility	-	306,496	293,515	281,473	262,346	271,021
		Sales Tax	-	247,261	249,466	235,243	238,954	201,548
		Sales & Services	-	124,315	127,134	113,907	117,438	103,537
		Intergovernmental	-	167,950	148,995	162,111	144,153	159,305
		Debt Proceeds	-	125,070	-	-	-	26,444
		Other Miscellaneous	-	108,136	164,246	75,046	168,384	79,307
		Total	$0	1,594,864	1,476,019	1,376,823	1,435,053	1,362,898

	Expenditures by Function
		Utility	$0	421,516	287,429	265,582	259,973	264,457
		Debt Service	-	13,952	-	14,849	25,910	83,174
		Transportation	-	291,223	281,809	190,784	212,783	215,340
		General Government	-	231,599	191,931	212,919	276,269	156,450
		Public Safety	-	380,709	372,372	344,042	385,724	298,704
		Other	-	238,976	265,050	214,831	243,473	231,492
		Total	$0	1,577,975	1,398,591	1,243,007	1,404,132	1,249,617

	Expenditures by Object
		Salaries & Wages	$0	709,462	674,545	701,633	677,219	596,413
		Capital Outlay	-	136,104	102,035	14,217	63,714	79,098
		Other Operating + Debt Service	-	732,409	622,011	527,157	663,199	574,106
		Total	$0	1,577,975	1,398,591	1,243,007	1,404,132	1,249,617


	Per Capita Revenues by Source
		Property Tax	$0	249	242	254	255	267
		Utility	-	148	144	141	133	139
		Sales Tax	-	119	123	117	121	103
		Sales & Services	-	60	63	57	59	53
		Intergovernmental	-	81	73	81	73	82
		Debt Proceeds	-	60	-	-	-	14
		Other Miscellaneous	-	52	81	37	85	41
		Total	$0	769	726	687	726	699

	Per Capita Expenditures by Function
		Utility	$0	203	141	133	131	136
		Debt Service	-	7	-	7	13	43
		Transportation	-	140	139	95	108	110
		General Government	-	112	95	107	140	80
		Public Safety	-	184	183	172	195	153
		Other	-	115	130	107	123	119
		Total	$0	761	688	621	710	641

	Per Capita Expenditures by Object
		Salaries & Wages	$0	342	332	350	343	306
		Capital Outlay	-	66	50	7	32	41
		Other Operating	-	353	306	264	335	294
		Total	$0	761	688	621	710	641

	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	100	101	101	103	102	106
		Average Population In Group	1,652	1,661	1,642	1,638	1,648	1,644
		Town of Coats Population	2,126	2,074	2,033	2,003	1,977	1,951
	Group Average Per Capita Revenues by Source
		Property Tax	399	406	369	348	331	319
		Utility	405	415	423	391	374	340
		Sales Tax	169	199	195	179	172	157
		Sales & Services	79	82	76	72	71	64
		Intergovernmental	226	222	221	246	220	257
		Debt Proceeds	71	129	69	170	89	82
		Other Miscellaneous	138	192	196	160	125	137
		Total	1,487	1,645	1,549	1,566	1,382	1,356

	Group Average Per Capita Expenditures by Function
		Utility	504	572	461	487	425	445
		Debt Service	147	126	110	108	107	86
		Transportation	139	140	142	131	132	139
		General Government	204	265	201	221	193	174
		Public Safety	331	384	346	326	294	315
		Other	190	203	206	206	170	159
		Total	1,515	1,690	1,466	1,479	1,321	1,318

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	453	450	427	402	397	376
		Capital Outlay	287	483	305	373	283	317
		Other Operating	775	757	734	704	641	625
		Total	1,515	1,690	1,466	1,479	1,321	1,318


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$1,092,792	1,127,060	1,107,036	1,083,659	1,166,674	1,059,346
	General Fund expenditures		1,244,438	1,149,119	1,096,670	966,321	1,139,063	965,287
	Operating transfers in		-	-	-	-	-	5,905
	Operating transfers out		-	18,749	-	-	-	-
	Capital leases and installment purchase proceeds		14,383	51,570	-	-	-	26,444
	Other items		15,000	7,046	39,504	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(122,263)	17,808	49,870	117,338	27,611	126,408

	Fund balance available (FBA):
		In dollars	$802,846	916,058	857,289	807,476	690,784	662,379
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	65.27	82.06	78.17	83.56	60.64	70.55
		Group weighted average FBA %	65.92	62.44	65.48	64.58	69.64	70.93
		State weighted average Non-Electric Group	37.77	36.63	37.38	37.38	36.82	36.42
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$381,575	381,263	384,842	349,911	325,369	325,107
		Quick ratio	6.27	3.53	4.98	6.24	5.86	4.69
		Net income	35,958	(13,344)	15,372	375	(20,830)	11,075
		Cashflow from operations	(31,499)	9,214	32,907	18,364	(21,658)	41,687
		Depreciation & Amortization Expense	24,243	22,941	20,222	24,208	24,542	23,270



Cash, Investments and Financing Go to top of page			2009	2008	2007	2006	2005	2004

		Population at July 1st of the Previous Year	2,126	2,074	2,033	2,003	1,977	1,951
		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	1,149,052	1,363,872	1,238,573	1,103,552	1,102,092
		Investment Earnings	0	65,354	45,361	32,066	16,661	5,731
		Tax Rate Equivalent	0.0000	0.0795	0.0570	0.0418	0.0220	0.0077
		Tax Rate Equivalent Group weighted average	0.0130	0.0261	0.0409	0.0283	0.0164	0.0094
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$82,344,758	82,223,859	79,618,755	76,681,520	75,722,586	74,814,618
		Tax Rate	0.6200	0.6200	0.6200	0.6400	0.6400	0.6900
		Tax Rate Group weighted average	0.2983	0.2860	0.3424	0.3297	0.3306	0.3386
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	81.98	83.77	90.41	94.73	95.32	99.82
		Assessment -to-Sales Ratio Group weighted average	86.77	88.94	79.96	85.71	86.82	87.25
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$100,444,935	98,154,302	88,064,102	80,947,451	79,440,397	74,949,527
		EffectiveTax Rate	0.5083	0.5194	0.5605	0.6063	0.6100	0.6888
		Group weighted average Effective Tax Rate	0.2589	0.2544	0.2737	0.2826	0.2870	0.2954
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	0.00	95.92	96.66	97.00	96.37	94.57
		Percent Collected Group weighted average	96.68	96.86	97.18	96.94	96.84	96.44
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	0.00	98.41	98.52	98.69	98.07	96.41
		Percent Collected Excluding Motor Vehicles Group weighted average	96.67	97.78	98.01	97.76	97.85	97.87
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.31	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	0.00	79.35	83.83	84.15	83.40	79.61
		Percent Collected Motor Vehicles Only Group weighted average	84.59	85.16	86.07	85.54	86.22	84.36
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	0	21,190	16,561	14,761	17,878	28,191
		Tax Rate Equivalent	0.0000	0.0258	0.0208	0.0192	0.0236	0.0377
		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	265	277	294	297	306	297
		Total Per Capita Statewide	455	456	478	495	505	548
		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	0.1750%	0.1852%	0.2336%	0.2606%	0.2847%	0.2930%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	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 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	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		2,126	2,074	2,033	2,003	1,977	1,951

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets		1,550,317	1,554,051	1,506,017	1,499,808	1,545,134
1.5B	FISCAL	Governmental Activities Liabilities		105,462	39,703	13,993	25,286	62,350
3.5A	SUMMARY	Business Type Activities Assets		832,488	724,330	678,055	677,788	722,331
3.5B		Business Type Activities Liabilties		211,071	98,978	68,075	68,183	91,896
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
10	PART 2	Current collections of unit-wide levy		498,025	479,146	477,940	474,406	483,991
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections		15,538	8,608	22,954	22,532	28,937
13		Penalties and interest		2,073	4,909	8,149	6,840	8,808
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax
16		1% Local government sales and use tax		69,031	69,224	67,653	78,679	62,612
17		1/2% Local government sales and use taxes (Article 40)		66,965	67,728	62,374	58,524	51,157
18		1/2% Local government sales and use taxes (Article 42)		66,655	67,422	62,128	58,263	50,880
18.5		1/2% Local government sales and use taxes (Article 44)		44,610	45,092	43,088	43,488	36,899
19		Licenses Privilege						2,485
19.1		Privilege - Occupational & business licensing & permit taxes			3,105	2,535	2,500
19.2		Privilege -- All other privileges and pemits		3,264
20		General Municipal Vehicle Tax			6,379	6,417	6,014	5,911
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV		30,257	12,406	20,509	20,461	20,372
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax			2,456	5,693	6,891	16,386
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax		69,954	60,974	55,884	51,635	64,768
45		Beer and Wine tax		9,365	9,051	8,732	8,636	8,263
46		Powell Bill		79,253	70,514	71,004	70,991	64,113
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 safety				9,529
53		Transportation - Streets
54		Transportation - All other		2,655
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
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government		6,000
63	REVENUES	Public safety		723		5,269
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			6,000	6,000	6,000	5,775
71	PERMITS	Building permits
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits		2,215	2,535	1,548	2,955	2,915
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties
76		Airport
77		Fire protection charges
78		Solid waste		102,205	90,264	87,744	88,160	85,205
79		Ambulance and rescue squad charges
80		Cemeteries		2,000	6,261	1,700	1,600	4,500
81		Recreation service revenues		16,615	28,403	23,356	26,661	12,730
82		Library service revenues		49	2,206	1,107	1,017	1,102
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services		3,446
86	UTILITY	Water and sewer charges		306,496	293,515	281,473	262,346	271,021
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds		65,354	45,361	32,066	16,661	5,731
91		Special assessments
92		Private contribution and donations					107,234
93		Sales of materials and fixed assets		7,046	64,782
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			29,678	11,971	12,559	41,893
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases		125,070				26,444
101		Other
102	NON-REV	Supplemental schools taxes - current levy collections		498,025
103	RECEIPTS	Prior years' levy collections		15,538
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits			1,941	274	-3,371	-3,095
106		Deposits other than utility
107		Prepaid taxes				108	1,449	-6,562
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries		12,995	12,436	11,969	9,800	9,800
109B	GENERAL	Governing body - All other Direct		45,968	27,623	37,460	159,202	60,560
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures						1,871
110A		Administration - Salaries		124,741	96,762	106,087	42,380	42,350
110B		Administration - All other Direct		45,362	36,623	34,627	44,272	24,215
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures					6,000	6,850
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 - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct		2,533	3,150	3,154	3,130	3,166
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct			15,337	19,622	11,485	7,638
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
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries		269,103	235,333	257,969	254,900	204,284
119B	SAFETY	Police and Communications - All other Direct		77,021	64,931	58,914	78,283	57,161
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures		25,346	59,524	13,217	39,569	24,871
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
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries
122B		Fire - All other Direct			3,900	4,550	4,550	4,550
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
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
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries		120,245	129,891	67,483	77,545	90,058
128B		Streets and Highways - All other Direct		143,090	67,693	53,579	48,002	54,939
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures		27,888	28,899		16,245	6,079
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						4,302
130B		State Street Aid Allocation - Powell Bill - All other Direct			55,326	69,722	70,991	59,962
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
136A	ENVIRON	Solid Waste - Salaries				65,088	76,865	65,930
136B	MENTAL	Solid Waste - All other Direct		92,643	76,574	20,251	21,781	23,771
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures
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		4,985	14,492	5,280	3,309	4,108
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
140A	ECONOMIC	Planning and Zoning - Salaries		53,188	48,760	35,243	48,548	41,383
140B	& PHYSICAL	Planning and Zoning - All other Direct		7,288	20,391	6,296	9,526	13,398
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures				1,000		2,991
141A		Economic Development - Salaries
141B		Economic Development - All other Direct
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
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - 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
153A	CULTURE	Recreation and Parks - Salaries		28,071	35,281	34,288	36,224	34,991
153B	RECREATION	Recreation and Parks - All other Direct		47,805	44,722	32,031	30,434	19,961
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures			11,100		1,900	8,163
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			11,099	11,692	11,173	11,904
156B		Libraries - All other Direct		4,996	2,631	3,662	3,713	4,892
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
158A	UTILITY	Water and Sewer - Salaries		101,119	104,983	111,814	119,784	91,411
158B		Water and Sewer - All other Direct		237,527	179,934	153,768	140,189	144,773
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures		82,870	2,512			28,273
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
161B	DEBT	Water and Sewer - Debt Service Interest Payments		2,355		154	304	286
161D	SERVICE	Water and Sewer - Debt Service Principal Payments				5,670	1,483	15,479
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 Payments		2,502		212	965	2,720
166D		All Other - Debt Service Principal Payments		9,095		8,813	23,158	64,689
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe 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)		9,239	8,684	9,392	8,422	7,838
172B		Fringe Benefits Other - (B)
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-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 6	Current Year Levy Excluding Motor Vehicles		451,293	433,033	435,514	435,220	462,223
180	OTHER	Current Year Levy Motor Vehicles Only		67,923	62,674	57,187	57,064	56,826
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles		7,164	6,425	5,696	8,407	16,605
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles		14,026	10,136	9,065	9,471	11,586
183		Percentage of Taxes Collected - Current Year All Property	.	95.92	96.66	97.00	96.37	94.57
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	.	98.41	98.52	98.69	98.07	96.41
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	.	79.35	83.83	84.15	83.40	79.61
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
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other		1,149,052	1,363,872	1,238,573	1,103,552	1,102,092
190A	PART	Appropriations made during the fiscal year pursuant to subsections b (1- 7)
190B	8	Expenditures 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.
194A	PART 9	Amounts - Total Revenues and other financing sources per audit		1,613,613	1,476,019	1,376,823	1,435,053	1,368,803
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in		18,749				5,905
194D		Amounts - Net Revenues per AFIR		1,594,864	1,476,019	1,376,823	1,435,053	1,362,898
		Calculated amount		1,594,864	1,476,019	1,376,823	1,435,053	1,362,898
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit		1,596,724	1,398,591	1,243,007	1,404,132	1,255,522
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out		18,749				5,905
195D		Amounts Net Expenditures per AFIR		1,577,975	1,398,591	1,243,007	1,404,132	1,249,617
		Calculated amount		1,577,975	1,398,591	1,243,007	1,404,132	1,249,617
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory
951		Title of Official
952		Date Certified		11/24/2008	11/20/2007
953		Person to Contact
954		Title of Person to Contact
955		Telephone Number
956		Facsimile Number

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

	2009	2008	2007	2006	2005	2004

Population	2,126	2,074	2,033	2,003	1,977	1,951
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	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	0	75	3	32	8	0
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	98.01%	139.02%	116.33%	209.74%	298.37%
State Weighted Average	287.00%	89.94%	84.21%	104.54%	119.75%	338.51%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	1.99%	-39.02%	-16.33%	-109.74%	-198.37%
State Weighted Average	-187.00%	10.06%	15.79%	-4.54%	-19.75%	-238.51%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	0.43%	-118.05%	2.69%	0.00%	34.58%
State Weighted Average	0.00%	-0.70%	-0.66%	-1.84%	-2.09%	5.70%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	153.87%	3582.80%	394.35%	1307.56%	44686.13%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	6.27	3.53	4.98	6.24	5.86	4.69
Group Weighted Average	3.11	2.84	3.25	3.58	3.48	4.12
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	#DIV/0!	39.3	#DIV/0!	25.2	72.0	42.6
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-34.4	-914.3	-151.5	-72.9	-18.2	-46.6
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	-$31,499	9,214	32,907	18,364	-21,658	41,687

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	1.85	0.48	11.68	2.57	0.33	0.25
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	0	0	0	0	0
Group Weighted Average	30	299	213	244	107	61
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$0	82,870	2,512	0	0	28,273

	2003	2002	2001	2000
	$1,410	90,999	13,521	67,966

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


Operating Statistics

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

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

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

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

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

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

Group Average Sales per thousand Gallons Water	$27.87923	$1,769.81984	$14,046.04813	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$29.30419	$799.17941	$6,255.74662	NA	NA	NA

State Average Sales per thousand Gallons Water	$28.47236	$12,972.02948	$5,350.70834	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$41.46915	$10,319.10819	$3,921.08643	NA	NA	NA

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

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

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

	2005	2006	2007	2008	2009
Unit's FBA %	60.64%	83.56%	78.17%	82.06%	65.27%
Group average FBA %	69.64%	64.58%	65.48%	62.44%	65.92%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	69.64%	36.34%	37.00%

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

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2005 2006 2007 2008 2009

Municipality 96.37% 97.00% 96.66% 95.92% 0.00%

Pop. Group 96.84% 96.94% 97.18% 96.86% 96.68%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

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

	2005	2006	2007	2008	2009
Municipality	96.37%	97.00%	96.66%	95.92%	0.00%
Pop. Group	96.84%	96.94%	97.18%	96.86%	96.68%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

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

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2005 2006 2007 2008 2009

Municipality 0 0 0 0 0

Pop. Group 306 297 294 277 265

Statewide 505 495 478 456 455

Municipal Population Group: 1,000 to 2,499

	2005	2006	2007	2008	2009
Municipality	0	0	0	0	0
Pop. Group	306	297	294	277	265
Statewide	505	495	478	456	455

Municipal Population Group: 1,000 to 2,499

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2005 2006 2007 2008 2009

Property Tax $255 254 242 249 0

Utility 133 141 144 148 0

Sales Tax 121 117 123 119 0

Sales & Services 59 57 63 60 0

Intergovernmental 73 81 73 81 0

Debt Proceeds 0 0 0 60 0

Other Miscellaneous 85 37 81 52 0

Total $726 687 726 769 0

	2005	2006	2007	2008
Property Tax	$255	254	242	249
Utility	133	141	144	148
Sales Tax	121	117	123	119
Sales & Services	59	57	63	60
Intergovernmental	73	81	73	81
Debt Proceeds	0	0	0	60
Other Miscellaneous	85	37	81	52
Total	$726	687	726	769

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2009
2009

Category Revenue
Per Capita

$0
$0

Water/Sewer 0
0

Electric 0
0

Utility 0
0

Sales Tax 0
0

Sales & Services 0
0

Intergovernment 0
0

Debt Proceeds 0
0

Miscellaneous 0
0

Total $0
$0

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

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2009
2009

Category Expenditures
Per Capita

General Government $0
$0

Water/Sewer 0
0

Electric 0
0

Utilities 0
0

Debt Service 0
0

Transportation 0
0

Public Safety 0
0

Other 0
0

Total $0
$0

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

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $0
$0

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 0
0

Other Operating 0
0

Total $0
$0

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

Last Updated 6/11/2010 9:33:23 AM



	2009	2009
Category	Revenue	Per Capita
	$0	$0
Water/Sewer	0	0
Electric	0	0
Utility	0	0
Sales Tax	0	0
Sales & Services	0	0
Intergovernment	0	0
Debt Proceeds	0	0
Miscellaneous	0	0
Total	$0	$0

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