North Carolina
Department of State Treasurer
Financial Information
Town of Colerain

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	$53,115	53,193	51,305	52,646	50,373	43,761
		Utility	47,938	49,504	36,240	36,586	35,868	28,317
		Sales Tax	30,182	34,230	34,802	32,313	30,734	23,451
		Sales & Services	26,041	25,395	21,510	16,180	18,711	15,633
		Intergovernmental	80,355	21,678	48,658	19,089	41,999	51,555
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	13,528	14,695	13,618	11,190	21,197	13,207
		Total	$251,159	198,695	206,133	168,004	198,882	175,924

	Expenditures by Function
		Utility	$125,829	46,383	44,443	34,844	60,306	60,814
		Debt Service	-	11,212	11,212	11,252	11,252	11,252
		Transportation	73,569	19,328	47,618	17,576	37,915	46,904
		General Government	77,441	59,574	74,734	48,915	40,740	34,792
		Public Safety	28,701	11,398	12,504	13,634	13,622	13,312
		Other	17,688	13,566	15,152	21,476	31,969	28,576
		Total	$323,228	161,461	205,663	147,697	195,804	195,650

	Expenditures by Object
		Salaries & Wages	$35,879	29,441	27,057	26,030	26,897	34,364
		Capital Outlay	-	-	4,359	-	36,564	1,651
		Other Operating + Debt Service	287,349	132,020	174,247	121,667	132,343	159,635
		Total	$323,228	161,461	205,663	147,697	195,804	195,650


	Per Capita Revenues by Source
		Property Tax	$254	253	241	244	231	200
		Utility	229	236	170	169	165	129
		Sales Tax	145	163	164	150	140	108
		Sales & Services	125	121	101	75	86	71
		Intergovernmental	384	103	228	88	193	235
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	65	70	64	52	97	60
		Total	$1,202	946	968	778	912	803

	Per Capita Expenditures by Function
		Utility	$602	221	209	161	277	278
		Debt Service	-	53	53	52	52	51
		Transportation	352	92	224	81	174	214
		General Government	371	284	350	228	186	159
		Public Safety	137	54	59	63	62	61
		Other	85	65	71	99	147	130
		Total	$1,547	769	966	684	898	893

	Per Capita Expenditures by Object
		Salaries & Wages	$172	140	127	121	123	157
		Capital Outlay	-	-	20	-	168	8
		Other Operating	1,375	629	819	563	607	728
		Total	$1,547	769	966	684	898	893

	Population Group		No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
		Number of Municipalites in Group	116	117	117	119	121	124
		Average Population In Group	261	260	259	260	262	266
		Town of Colerain Population	209	210	213	216	218	219
	Group Average Per Capita Revenues by Source
		Property Tax	417	506	464	472	449	472
		Utility	254	365	338	379	292	291
		Sales Tax	131	163	157	148	145	134
		Sales & Services	47	68	62	68	50	62
		Intergovernmental	530	538	464	331	618	491
		Debt Proceeds	71	66	58	274	13	96
		Other Miscellaneous	169	273	237	250	212	230
		Total	1,619	1,979	1,780	1,922	1,779	1,776

	Group Average Per Capita Expenditures by Function
		Utility	594	851	468	528	445	399
		Debt Service	66	134	82	175	151	82
		Transportation	104	204	145	154	172	151
		General Government	303	311	293	305	288	295
		Public Safety	217	254	212	239	212	252
		Other	239	348	482	291	528	402
		Total	1,523	2,102	1,682	1,692	1,796	1,581

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	322	400	361	369	327	348
		Capital Outlay	581	816	448	500	456	500
		Other Operating	620	886	873	823	1,013	733
		Total	1,523	2,102	1,682	1,692	1,796	1,581


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$194,765	138,358	161,196	131,401	141,359	142,537
	General Fund expenditures		197,399	115,078	161,220	112,853	135,498	134,836
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(2,634)	23,280	(24)	18,548	5,861	7,701

	Fund balance available (FBA):
		In dollars	$90,276	92,303	68,063	73,428	55,177	48,753
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	45.73	80.21	42.22	65.07	40.72	36.16
		Group weighted average FBA %	121.81	116.82	119.65	123.14	110.05	128.31
		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	$84,800	84,019	85,107	84,612	82,855	85,638
		Quick ratio	0.00	271.16	61.27	154.01	283.78	43.23
		Net income	(69,372)	(55,993)	(68,378)	(67,113)	(54,336)	(153,918)
		Cashflow from operations	(8,046)	436	(7,604)	2,307	(10,589)	(29,559)
		Depreciation & Amortization Expense	70,154	69,947	68,872	68,872	68,179	127,604



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

		Population at July 1st of the Previous Year	209	210	213	216	218	219
		Population Group	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
		Cash &Investments	$169,087	172,789	152,158	157,069	136,226	135,836
		Investment Earnings	2,124	5,704	3,576	2,594	1,332	996
		Tax Rate Equivalent	0.0180	0.0490	0.0313	0.0228	0.0116	0.0111
		Tax Rate Equivalent Group weighted average	0.0138	0.0403	0.0513	0.0318	0.0173	0.0098
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2004	2004	2004	2004	1996
		January 1, Prior Year Assessed Valuation	$11,795,044	11,640,322	11,437,758	11,361,375	11,488,945	8,966,456
		Tax Rate	0.4500	0.4500	0.4500	0.4500	0.4500	0.4700
		Tax Rate Group weighted average	0.2821	0.2676	0.3651	0.3049	0.3181	0.3240
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	88.09	86.62	87.65	94.70	100.00	75.00
		Assessment -to-Sales Ratio Group weighted average	86.15	87.73	75.64	81.67	87.64	94.38
		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	$13,389,765	13,438,377	13,049,353	11,997,228	11,488,945	11,955,275
		EffectiveTax Rate	0.3964	0.3898	0.3944	0.4262	0.4500	0.3525
		Group weighted average Effective Tax Rate	0.2430	0.2348	0.2762	0.2490	0.2788	0.3058
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	97.82	96.83	97.09	97.01	95.85	96.82
		Percent Collected Group weighted average	96.11	96.32	97.25	97.71	97.79	97.61
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	99.82	99.10	99.19	98.71	98.55	99.58
		Percent Collected Excluding Motor Vehicles Group weighted average	96.69	97.12	97.74	98.29	98.48	98.56
		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	89.18	85.51	85.19	89.41	81.87	85.08
		Percent Collected Motor Vehicles Only Group weighted average	82.93	84.77	83.59	84.25	84.13	83.38
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	1,157	1,668	1,509	1,563	2,103	1,335
		Tax Rate Equivalent	0.0098	0.0143	0.0132	0.0138	0.0183	0.0149
		Dominant County: Bertie
	Debt Information
		Population Group	Under 500	Under 500	Under 500	Under 500	Under 500	Under 500
		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	161	155	201	217	236	300
		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	0.0782%	0.0794%	0.1282%	0.1208%	0.1597%	0.2110%
		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		209	210	213	216	218	219

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	276,933	232,587	222,418	231,454	226,238	212,152
1.5B	FISCAL	Governmental Activities Liabilities	1,593	14,418	24,455	34,808	43,838	53,123
3.5A	SUMMARY	Business Type Activities Assets	1,679,784	1,749,467	1,806,561	1,874,079	1,940,934	1,997,005
3.5B		Business Type Activities Liabilties		311	1,412	553	293	2,028
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	51,097	50,913	49,763	50,556	48,570	40,622
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	1,736	2,024	1,139	2,021	1,562	2,461
13		Penalties and interest	282	256	403	69	241	678
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax	63
16		1% Local government sales and use tax	6,649	7,207	7,455	7,546	8,242	11,725
17		1/2% Local government sales and use taxes (Article 40)	9,441	10,453	10,515	9,411	8,466	5,863
18		1/2% Local government sales and use taxes (Article 42)	9,407	10,421	10,483	9,388	8,441	5,863
18.5		1/2% Local government sales and use taxes (Article 44)	4,685	6,149	6,349	5,968	5,585
19		Licenses Privilege						15
19.1		Privilege - Occupational & business licensing & permit taxes				15	15
19.2		Privilege -- All other privileges and pemits	180	10	15
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV		3,302	3,319	4,311	4,422	3,980
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
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	18,978	14,706	14,358	12,488	12,654	11,673
45		Beer and Wine tax	943	981	976	963	969	945
46		Powell Bill	5,259	5,991	5,462	5,638	5,715	5,211
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					16,626
53		Transportation - Streets					3,000
54		Transportation - All other						33,726
55		Environmental protection	55,175		15,887
56		Econ. & Phys. Dev. - Housing/Comm. Dev.			11,975		3,035
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
63	REVENUES	Public safety
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
71	PERMITS	Building permits
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	14,974	14,856	12,045	6,575	8,400	5,795
76		Airport
77		Fire protection charges
78		Solid waste	11,067	10,539	9,465	9,605	10,311	9,511
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services						327
86	UTILITY	Water and sewer charges	47,938	49,504	36,240	36,586	35,868	28,317
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	2,124	5,704	3,576	2,594	1,332	996
91		Special assessments
92		Private contribution and donations					3,252	3,252
93		Sales of materials and fixed assets			1,406		801	1,650
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	11,224	2,467	2,090	1,018	1,276	1,814
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases
101		Other		3,212	3,212	3,252	10,099	1,500
102	NON-REV	Supplemental schools taxes - current levy collections
103	RECEIPTS	Prior years' levy collections
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits
106		Deposits other than utility
107		Prepaid taxes		54	313	-41	386
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries
109B	GENERAL	Governing body - All other Direct				3,104	480	9,399
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	31,842	22,647	22,133	8,159	8,074	6,770
110B		Administration - All other Direct	39,182	27,810	42,124	24,138	20,027	18,623
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures
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				6,189
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct				978
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct				543
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries				1,525	1,920
115B		Public Buildings - All other Direct	6,417	9,117	10,477	4,279	10,239
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
119B	SAFETY	Police and Communications - All other Direct
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures
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	28,701	3,525	4,803	6,445	9,790	13,312
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		7,873	7,701	7,189	3,832
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		19,328
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries				5,962	4,506	6,918
128B		Streets and Highways - All other Direct	73,569		43,259	11,614	14,841	32,879
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures			4,359		18,568
129A		Street Cleaning - Salaries
129B		Street Cleaning - All other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures
130A		State Street Aid Allocation - Powell Bill - Salries
130B		State Street Aid Allocation - Powell Bill - All other Direct						7,107
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				2,981	620	3,463
136B	MENTAL	Solid Waste - All other Direct	12,651	10,612	11,111	12,884	22,852	16,077
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				2,761	4,960	2,919
138B		Cemeteries - All other Direct	5,037	2,954	4,041	2,850	2,167	5,579
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures					1,370	538
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
140B	& PHYSICAL	Planning and Zoning - All other Direct
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
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
153B	RECREATION	Recreation and Parks - All other Direct
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	4,037	6,794	4,924	4,642	6,817	14,294
158B		Water and Sewer - All other Direct	121,792	39,589	39,519	30,202	36,863	45,407
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures					16,626	1,113
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
161D	SERVICE	Water and Sewer - Debt Service Principal Payments
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		1,011	1,499	2,075	2,441	2,861
166D		All Other - Debt Service Principal Payments		10,201	9,713	9,177	8,811	8,391
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)
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	42,450	43,772	44,140	42,801	42,461	33,957
180	OTHER	Current Year Levy Motor Vehicles Only	9,784	8,809	7,780	9,553	8,212	8,000
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	78	392	357	551	614	141
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	1,059	1,276	1,152	1,012	1,489	1,194
183		Percentage of Taxes Collected - Current Year All Property	97.82	96.83	97.09	97.01	95.85	96.82
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	99.82	99.10	99.19	98.71	98.55	99.58
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	89.18	85.51	85.19	89.41	81.87	85.08
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	169,087	172,789	152,158	157,069	136,226	135,836
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	251,222	198,695	206,133	168,004	198,882	175,924
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in
194D		Amounts - Net Revenues per AFIR	251,222	198,695	206,133	168,004	198,882	175,924
		Calculated amount	251,222	198,695	206,133	168,004	198,882	175,924
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	323,228	161,461	205,663	147,697	195,804	195,650
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out
195D		Amounts Net Expenditures per AFIR	323,228	161,461	205,663	147,697	195,804	195,650
		Calculated amount	323,228	161,461	205,663	147,697	195,804	195,650
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	JONA PERRY
951		Title of Official	TOWN CLERK
952		Date Certified	11/20/2009	02/09/2009	01/08/2008
953		Person to Contact	Jona Perry
954		Title of Person to Contact	Town Clerk
955		Telephone Number	252-356-2124
956		Facsimile Number	252-356-2124

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

	2009	2008	2007	2006	2005	2004

Population	209	210	213	216	218	219
Population Group	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
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	15	2	0	44	6
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!	72.90%	104.20%	#DIV/0!	6.43%	287.79%
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!	27.10%	-4.20%	#DIV/0!	93.57%	-187.79%
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!	-20.51%	0.00%	#DIV/0!	0.00%	0.00%
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!	2558.99%	22041.01%	#DIV/0!	1247.98%	5241.12%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	N/A	271.16	61.27	154.01	283.78	43.23
Group Weighted Average	2.88	2.95	2.93	2.91	1.94	2.91
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!	29.7	#DIV/0!	#DIV/0!	0.0	35.4
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	0.0	-80.4	0.0	0.0	0.0	-16.4
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	-$8,046	436	-7,604	2,307	-10,589	-29,559

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.00	0.29	0.01	1.73	0.11	0.19
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	0	65	9	114	50	18
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$0	0	0	0	16,626	1,113

	2003	2002	2001	2000
	$0	0	0	0

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	0	0	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	43	0	0	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	0	0	0	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	786	0	0	NA	NA	NA

Ratio of Water Billed to Water Processed				NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	18.27907			NA	NA	NA

Total Revenue from Water Sales	0	0	0	NA	NA	NA
Total Revenue from Sewage Sales	42,000	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	$19.73896	$3,526.31757	$3,934.54117	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$17.56449	$2,331.22681	$2,500.46314	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				NA	NA	NA
Residential Sewage Sales per thousand Gallons	$46.66667			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 %	40.72%	65.07%	42.22%	80.21%	45.73%
Group average FBA %	110.05%	123.14%	119.65%	116.82%	121.81%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	110.05%	36.34%	37.00%

Municipal Population Group: No Electric 499 and Below

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2005 2006 2007 2008 2009

Municipality 95.85% 97.01% 97.09% 96.83% 97.82%

Pop. Group 97.79% 97.71% 97.25% 96.32% 96.11%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

Municipal Population Group: No Electric 499 and Below

	2005	2006	2007	2008	2009
Municipality	95.85%	97.01%	97.09%	96.83%	97.82%
Pop. Group	97.79%	97.71%	97.25%	96.32%	96.11%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

Municipal Population Group: No Electric 499 and Below

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2005 2006 2007 2008 2009

Municipality 0 0 0 0 0

Pop. Group 236 217 201 155 161

Statewide 505 495 478 456 455

Municipal Population Group: Under 500

	2005	2006	2007	2008	2009
Municipality	0	0	0	0	0
Pop. Group	236	217	201	155	161
Statewide	505	495	478	456	455

Municipal Population Group: Under 500

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2005 2006 2007 2008 2009

Property Tax $231 244 241 253 254

Utility 165 169 170 236 229

Sales Tax 140 150 164 163 145

Sales & Services 86 75 101 121 125

Intergovernmental 193 88 228 103 384

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 97 52 64 70 65

Total $912 778 968 946 1,202

	2005	2006	2007	2008	2009
Property Tax	$231	244	241	253	254
Utility	165	169	170	236	229
Sales Tax	140	150	164	163	145
Sales & Services	86	75	101	121	125
Intergovernmental	193	88	228	103	384
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	97	52	64	70	65
Total	$912	778	968	946	1,202

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2009
2009

Category Revenue
Per Capita

Property Tax $53,115
$254

Water/Sewer 47,938
229

Electric 0
0

Other Utilities 0
0

Sales Tax 30,182
145

Sales & Services 26,041
125

Intergovernment 80,355
384

Debt Proceeds 0
0

Miscellaneous 13,528
65

Total $251,159
$1,202

Municipal Population Group: No Electric 499 and Below

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2009
2009

Category Expenditures
Per Capita

General Government $77,441
$371

Water/Sewer 125,829
602

Electric 0
0

Other Utilities 0
0

Debt Service 0
0

Transportation 73,569
352

Public Safety 28,701
137

Other 17,688
85

Total $323,228
$1,547

Municipal Population Group: No Electric 499 and Below

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $35,879
$172

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 0
0

Other Operating 287,349
1,375

Total $323,228
$1,547

Municipal Population Group: No Electric 499 and Below

Last Updated 6/11/2010 9:33:35 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$53,115	$254
Water/Sewer	47,938	229
Electric	0	0
Other Utilities	0	0
Sales Tax	30,182	145
Sales & Services	26,041	125
Intergovernment	80,355	384
Debt Proceeds	0	0
Miscellaneous	13,528	65
Total	$251,159	$1,202

Municipal Population Group: No Electric 499 and Below

North CarolinaDepartment of State TreasurerFinancial InformationTown of Colerain

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Colerain