North Carolina
Department of State Treasurer
Financial Information
Town of East Spencer

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			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$669,962	631,256	677,311	664,027	-	613,052
		Utility	896,208	835,624	792,330	883,272	-	658,600
		Sales Tax	191,031	199,102	244,852	270,546	-	297,897
		Sales & Services	115,058	185,258	109,007	111,460	-	112,108
		Intergovernmental	337,341	297,274	247,565	173,781	-	173,474
		Debt Proceeds	3,412	52,379	12,829	-	-	8,312
		Other Miscellaneous	5,653	53,370	13,708	31,171	-	21,020
		Total	$2,218,665	2,254,263	2,097,602	2,134,257	-	1,884,463

	Expenditures by Function
		Utility	$883,786	1,162,930	911,448	956,263	-	649,438
		Debt Service	100,721	123,360	65,794	67,094	-	75,801
		Transportation	226,173	156,609	162,253	196,162	-	164,071
		General Government	284,223	259,120	307,185	276,209	-	278,609
		Public Safety	343,638	459,406	492,252	402,991	-	520,524
		Other	109,544	143,540	175,070	260,842	-	163,098
		Total	$1,948,085	2,304,965	2,114,002	2,159,561	-	1,851,541

	Expenditures by Object
		Salaries & Wages	$411,325	509,257	611,543	562,672	-	475,222
		Capital Outlay	219,566	360,918	13,023	17,337	-	82,309
		Other Operating + Debt Service	1,317,194	1,434,790	1,489,436	1,579,552	-	1,294,010
		Total	$1,948,085	2,304,965	2,114,002	2,159,561	-	1,851,541


	Per Capita Revenues by Source
		Property Tax	$436	371	398	391	-	361
		Utility	583	491	465	520	-	387
		Sales Tax	124	116	144	159	-	176
		Sales & Services	75	109	64	66	-	66
		Intergovernmental	220	175	145	102	-	102
		Debt Proceeds	2	31	8	-	-	5
		Other Miscellaneous	4	31	8	18	-	12
		Total	$1,444	1,324	1,232	1,256	-	1,109

	Per Capita Expenditures by Function
		Utility	$575	683	535	563	-	382
		Debt Service	66	72	39	39	-	45
		Transportation	147	92	95	115	-	97
		General Government	185	152	180	163	-	163
		Public Safety	224	270	289	237	-	306
		Other	71	84	103	154	-	96
		Total	$1,268	1,353	1,241	1,271	-	1,089

	Per Capita Expenditures by Object
		Salaries & Wages	$268	299	359	331	-	280
		Capital Outlay	143	212	8	10	-	48
		Other Operating	857	842	874	930	-	761
		Total	$1,268	1,353	1,241	1,271	-	1,089

	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	102	96	100	101	101	103
		Average Population In Group	1,623	1,660	1,652	1,661	1,642	1,638
		Town of East Spencer Population	1,536	1,703	1,703	1,699	1,695	1,700
	Group Average Per Capita Revenues by Source
		Property Tax	433	414	422	406	369	348
		Utility	472	435	436	423	430	399
		Sales Tax	154	153	178	201	195	180
		Sales & Services	103	82	76	80	77	71
		Intergovernmental	274	233	228	217	220	243
		Debt Proceeds	36	39	33	46	38	46
		Other Miscellaneous	100	129	162	261	203	273
		Total	1,572	1,485	1,535	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	465	499	531	572	461	487
		Debt Service	139	130	154	126	110	108
		Transportation	148	142	148	140	142	131
		General Government	239	204	216	265	201	222
		Public Safety	391	348	350	384	346	326
		Other	197	177	201	203	206	205
		Total	1,579	1,500	1,600	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	527	465	480	450	427	402
		Capital Outlay	244	258	302	483	305	373
		Other Operating	808	777	818	757	733	704
		Total	1,579	1,500	1,600	1,690	1,465	1,479


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$1,196,555	1,376,591	1,305,783	1,268,544	1,302,554	1,227,161
	General Fund expenditures		977,846	1,046,980	1,168,067	1,168,785	1,352,773	1,163,439
	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		218,709	329,611	137,716	99,759	(50,219)	63,722

	Fund balance available (FBA):
		In dollars	$0	376,845	295,477	278,604	201,717	201,765
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	35.99	25.30	23.84	14.91	17.34
		Group weighted average FBA %	73.24	66.79	66.05	62.44	65.48	64.58
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	($468,858)	(520,777)	(152,588)	(296,852)	(241,064)	(161,099)
		Quick ratio	0.40	0.22	0.74	0.21	0.19	0.27
		Net income	163,437	(94,794)	(149,999)	(121,869)	(97,698)	(56,967)
		Cashflow from operations	39,978	(175,364)	(90,624)	(35,507)	13,818	48,385
		Depreciation & Amortization Expense	38,190	38,508	31,204	41,085	41,570	41,593



Cash, Investments and Financing Go to top of page			2011	2010	2009	2008	2007	2006

		Population at July 1st of the Previous Year	1,536	1,703	1,703	1,699	1,695	1,700
		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	$613,357	$443,007	$676,037	$331,585	$0	$300,763
		Investment Earnings	461	714	6,935	13,245	0	6,062
		Tax Rate Equivalent	0.0004	0.0006	0.0063	0.0127	0.0000	0.0062
		Tax Rate Equivalent Group weighted average	0.0031	0.0045	0.0131	0.0261	0.0409	0.0283
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2007	2007	2007	2007	2003	2003
		January 1, Prior Year Assessed Valuation	$106,887,786	110,255,231	109,948,231	104,357,131	91,869,360	97,695,975
		Tax Rate	0.6300	0.6300	0.6300	0.6300	0.6300	0.6300
		Tax Rate Group weighted average	0.2777	0.2970	0.2983	0.2860	0.3424	0.3297
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	104.60	97.76	96.72	99.78	94.90	98.39
		Assessment -to-Sales Ratio Group weighted average	100.82	97.69	86.77	88.94	79.96	85.71
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$102,187,176	112,781,537	113,676,831	104,587,223	96,806,491	99,294,618
		EffectiveTax Rate	0.6590	0.6159	0.6093	0.6286	0.5979	0.6199
		Group weighted average Effective Tax Rate	0.2800	0.2901	0.2589	0.2544	0.2737	0.2826
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	91.2100	89.8300	91.1300	91.7500	0.0000	94.0700
		Percent Collected Group weighted average	96.53	95.37	95.99	96.86	97.18	96.94
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	91.99	90.54	91.89	92.67	0.00	94.89
		Percent Collected Excluding Motor Vehicles Group weighted average	97.18	95.99	96.67	97.78	98.01	97.76
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	72.85	72.78	73.27	76.08	0.00	74.96
		Percent Collected Motor Vehicles Only Group weighted average	84.33	85.45	84.60	85.16	86.07	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	79,329	91,961	83,294	83,038	0	71,271
		Tax Rate Equivalent	0.0742	0.0834	0.0758	0.0796	0.0000	0.0730
		Dominant County: Rowan
	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	$1,766,000	1,778,000	1,801,042	1,826,491	199,941	224,391
		General Government GO Debt	0	0	12,958	28,509	44,059	59,609
		Total General Obligation Debt	1,766,000	1,778,000	1,814,000	1,855,000	244,000	284,000
		Per Capita	$1,150	1,044	1,065	1,092	144	167
		Total Per Capita for the Population Group	236	256	265	277	294	297
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	1.7282%	1.5765%	1.5958%	1.7736%	0.2520%	0.2860%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1642%	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt		1,651,000	1,651,000	1,651,000	1,651,000	1,651,000

		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	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		1,536	1,703	1,703	1,699	1,695	1,700

1.5A	FISCAL	Governmental Activities Assets	1,805,903	1,541,445	1,259,348	1,114,747		1,146,437
1.5B	SUMMARY	Governmental Activities Liabilities	110,803	114,824	173,829	218,962		262,542
3.5A		Business Type Activities Assets	1,924,967	1,830,163	2,100,313	2,215,075		720,636
3.5B		Business Type Activities Liabilties	1,813,426	1,882,061	2,057,417	2,022,180		308,175
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	614,414	631,256	640,916	612,078		561,108
11.0	TAX	Current Collections of Special Tax Districts		47,213
12.0	REVENUES	Prior Years' Levy Collections	55,548		36,395	49,961		37,467
13.0		Penalties and Interest				1,988		14,477
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax		1,181	511
16.0		1% Local Government Option Sales Tax	89,427	87,732	92,451	81,446		297,897
17.0		1/2% Local Government Option Sales Tax (40)	58,165	58,216	62,367	68,824
18.0		1/2% Local Government Option Sales Tax (42)	44,235	48,016	61,916	68,408
18.5		1/2% Local Government Option Sales Tax (44)	-796	5,138	28,118	51,868
19.0		Privilege Licenses				14,906		6,605
19.2		Privilege -- All other privileges and pemits	4,243	5,443	4,888
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	949					8,353
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		68,313	73,862			38,510
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	137,312	42,997
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			1,838	1,959		1,505
41.0	REVENUES	Transitional Hold Harmless	57,383	47,125	17,156
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	77,332	76,581	82,346	92,957		61,855
45.0		Beer and Wine Tax	9,262	6,470	8,802	7,807		7,557
46.0		Powell Bill	56,052	55,003	62,093	69,462		64,047
50.0		Court Fees - Facilities and Arrest Fees		785	1,468	1,596
51.0		General Government
52.0		Public Safety
53.0		Transportation - Streets
54.0		Transportation - All Other
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
63.0	REVENUES	Public Safety
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
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees			1,885	2,730
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	115,058	185,258	109,007	111,460		112,108
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	11,415
86.0	UTILITY	Water and Sewer Charges	884,793	835,624	792,330	883,272		658,600
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	461	714	6,935	13,245		6,062
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets
94.0		Sale of Real Property				150
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution				140
98.0		Other Miscellaneous Revenues	3,412	52,379	12,829			8,312
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases
101.0		Other				17,559		1,298
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	17,668	17,379	17,154	17,870		11,500
109B	GENERAL	Governing Body - Other Direct	3,625	6,339	5,890	6,240		7,578
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	86,759	80,573	144,272	143,617		78,934
110B		Administration - Other Direct	162,251	154,829	139,869	108,482		180,597
110C		Administration - Construction
110D		Administration - Purchase of P,P&E	13,920
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
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct
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	193,733	240,866	239,014	218,358		210,426
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	42,577	48,595	71,550	62,009		125,843
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E		12,000				40,657
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	53,135	45,964	53,008	33,342		49,470
122B		Fire - Other Direct	54,193	37,076	54,073	89,282		50,350
122C		Fire - Construction
122D		Fire - Purchase of P,P&E		5,000				36,703
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		45,193	54,522
126B		Pub. Safety All Other - Other Direct		24,712	20,085
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
128A		Streets and Highways - Salaries & Wages	57,546	55,630	61,308	64,525		85,065
128B		Streets and Highways - Other Direct	50,830	56,917	87,922	70,629		74,123
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E		44,062	13,023			4,883
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	49,908			43,671
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E	67,889			17,337
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
136B	MENTAL	Solid Waste - Other Direct	85,729	105,525	98,271	100,769		83,952
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
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
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	2,484	23,652	41,373	39,067		28,312
140B	& PHYSICAL	Planning & Zoning - Other Direct	1,560	3,213	10,666	9,374		22,113
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E						66
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				43,319
152B		Human Serv. All Other - Other Direct				19,985
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages			892	2,574		11,515
153B	RECREATION	Recreation & Parks - Other Direct	19,771	11,150	23,868	45,754		17,140
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E
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
156B		Libraries - Other Direct
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
158B		Water & Sewer - Other Direct	746,029	863,074	911,448	956,263		649,438
158C		Water & Sewer - Construction	137,757	299,856
158D		Water & Sewer - Purchase of P,P&E
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	86,454	72,064	9,039	10,013		15,164
161D	SERVICE	Water & Sewer - Principal		22,991	25,450	24,500		23,500
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	14,267	5,790	6,703	9,862		14,418
166D		All Other - Principal		22,515	24,602	22,719		22,719
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						7,075
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	646,079.	674,554.00	674,717.00	630,264.00	0.00	759,728.00
180.0		Current year's levy -- Motor vehicles (only)	27,575.	28,165.00	28,564.00	36,830.00	0.00	32,429.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	51,754.	63,796.00	54,730.00	46,208.00	0.00	38,842.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	7,486	7,667	7,635	8,808		8,121
183.0	DATA	Percentage of Taxes Collected - All Property %	91.21	89.83	91.13	91.75	0.00	94.07
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	91.99	90.54	91.89	92.67	0.00	94.89
185.0		Percentage of Taxes Collected - Motor Vehicles %	72.85	72.78	73.27	76.08	0.00	74.96
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						11,360
189B	CASH &	Cash On Hand & in Bank - Construction Bond				1,581,367
189C	INVEST	Cash On Hand & in Bank - All Other	613,357	443,007	676,037	331,585		289,403
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	2,218,665	2,255,444	2,098,113	2,151,816		1,885,761
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues	2,218,665	2,255,444	2,098,113	2,151,816		1,885,761
		Calculated amount	2,218,665	2,255,444	2,098,113	2,151,816		1,885,761
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	1,948,085	2,304,965	2,114,002	2,159,561		1,851,541
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures	1,948,085	2,304,965	2,114,002	2,159,561		1,851,541
		Calculated amount	1,948,085	2,304,965	2,114,002	2,159,561		1,851,541
		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		107	157	159,680
402B	Operations	Amount processed and/or purchased in units Sewer		74	140	135,894
403A		Total amount billed in units - Water			104	59,526
403B		Total amount billed in units - Sewer			72	38,720
404A		Of the total in 403A above how many units were Residential W
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		432,932	362,513	344,792
408A		Dollars related to 403A above		366,483	322,174	275,565
408B		Dollars related to 403B above
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		588	540	540
421A		Number of residential accounts billed - Water		573	530	530
421B		Number of residential accounts billed - Sewer
422A		Number of non-residential & bulk accounts billed - Water
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2		2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Macon Sammons
951.0		Title	Town administrator
952.0		Date	10/31/2011	01/20/2011	01/00/1900	01/00/1900		02/05/2007
953.0		Contact	Macon Sammons
954.0		Title	Town administrator
955.0		Phone	704-636-7111
956.0		Fax	704-639-7734
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	1,536	1,703	1,703	1,699	1,695	1,700
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	835,624	792,330	883,272	718,042	658,600
Total Operating Revenues Per Capita	$0	491	465	520	424	387
Group Weighted Average Revenues Per Capita	34	289	290	290	274	263
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	107.89%	118.97%	112.92%	111.73%	106.20%
Group Weighted Average	99.05%	105.51%	106.51%	104.66%	105.75%	103.04%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	-7.89%	-18.97%	-12.92%	-11.73%	-6.20%
Group Weighted Average	0.95%	-5.51%	-6.51%	-4.66%	-5.75%	-3.04%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	16.51%	10.42%	6.34%	4.91%	3.25%	3.52%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	18.35%	1.61%	7.42%	1.88%	2.88%	15.74%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	-11.34%	-18.93%	-13.80%	-13.61%	-8.65%
Group Weighted Average	-77.01%	11.11%	-26.45%	26.08%	15.63%	14.62%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	0.40	0.22	0.74	0.21	0.19	0.27
Group Weighted Average	3.96	3.33	3.09	2.80	3.18	3.56
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	48.4	52.7	37.0	26.3	19.3
Group Weighted Average	4.1	45.5	45.4	50.5	49.9	43.3
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	17.7	128.5	0.2	3.9	14.2
Group Weighted Average	-105.6	471.6	447.9	455.0	692.9	524.2
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$39,978	-175,364	-90,624	-35,507	13,818	48,385

Debt to Equity	0.00	-34.29	42.03	9.48	0.61	0.54
Group Weighted Average	0.27	0.24	0.26	0.29	0.27	0.28
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	1,045	1,059	1,076	115	132
Group Weighted Average	38	422	451	482	433	421
State Weighted Average	8	897	783	781	761	733

Capital Expenditures:	2011	2010	2009	2008	2007	2006
	$0	0	0	0	0	0

	2005	2004	2003	2002
	$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	0	0	NA
Estimated population of the areas served Sewer	0	0	0	0	0	NA

Number of Gallons of Water Processed (000) omitted	0	107	157	159,680	0	NA
Number of Gallons of Sewage Processed (000) omitted	0	74	140	135,894	0	NA

Number of Gallons of Water Billed (000) omitted	0	0	104	59,526	0	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	72	38,720	0	NA

Ratio of Water Billed to Water Processed		0.00000	0.66242	0.37278		NA
Ratio of Sewage Billed to Sewage Processed		0.00000	0.51429	0.28493		NA

Total Revenue from Water Sales	0	432,932	362,513	344,792	0	NA
Total Revenue from Sewage Sales	0	366,483	322,174	275,565	0	NA

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

Group Average Sales per thousand Gallons Water	$0.00016	$58.68442	$27.87923	$1,769.81984	$14,046.04813	NA
Group Average Sales per thousand Gallons Sewage	$0.00023	$82.78241	$36.57171	$899.82774	$7,994.92601	NA

State Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

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

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

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

	2007	2008	2009	2010	2011
Unit's FBA %	14.91%	23.84%	25.30%	35.99%	0.00%
Group average FBA %	65.48%	62.44%	66.05%	66.79%	73.24%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	65.48%	37.47%	29.01%

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

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2007 2008 2009 2010 2011

Municipality 0.00% 91.75% 91.13% 89.83% 91.21%

Pop. Group 97.18% 96.86% 95.99% 95.37% 96.53%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

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

	2007	2008	2009	2010	2011
Municipality	0.00%	91.75%	91.13%	89.83%	91.21%
Pop. Group	97.18%	96.86%	95.99%	95.37%	96.53%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

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

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2007 2008 2009 2010 2011

Municipality 144 1,092 1,065 1,044 1,150

Pop. Group 294 277 265 256 236

Statewide 478 456 455 449 450

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	144	1,092	1,065	1,044	1,150
Pop. Group	294	277	265	256	236
Statewide	478	456	455	449	450

Municipal Population Group: 1,000 to 2,499

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2007 2008 2009 2010 2011

Property Tax $0 391 398 371 436

Utility 0 520 465 491 583

Sales Tax 0 159 144 116 124

Sales & Services 0 66 64 109 75

Intergovernmental 0 102 145 175 220

Debt Proceeds 0 0 8 31 2

Other Miscellaneous 0 18 8 31 4

Total $0 1,256 1,232 1,324 1,444

	2007	2008	2009	2010	2011
Property Tax	$0	391	398	371	436
Utility	0	520	465	491	583
Sales Tax	0	159	144	116	124
Sales & Services	0	66	64	109	75
Intergovernmental	0	102	145	175	220
Debt Proceeds	0	0	8	31	2
Other Miscellaneous	0	18	8	31	4
Total	$0	1,256	1,232	1,324	1,444

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2011
2011

Category Revenue
Per Capita

Property Tax $669,962
$436

Water/Sewer 11,415
7

Electric 884,793
576

Other Utilities 0
0

Sales Tax 191,031
124

Sales & Services 115,058
75

Intergovernment 337,341
220

Debt Proceeds 3,412
2

Miscellaneous 5,653
4

Total $2,218,665
$1,444

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

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2011
2011

Category Expenditures
Per Capita

General Government $284,223
$185

Water/Sewer 0
0

Electric 883,786
575

Other Utilities 0
0

Debt Service 100,721
66

Transportation 226,173
147

Public Safety 343,638
224

Other 109,544
71

Total $1,948,085
$1,268

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

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $411,325
$268

Water/Sewer Capital 0
0

Electric Capital 137,757
90

Other Capital 81,809
53

Other Operating 1,317,194
857

Total $1,948,085
$1,268

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

Last Updated 2/7/2012 2:19:02 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$669,962	$436
Water/Sewer	11,415	7
Electric	884,793	576
Other Utilities	0	0
Sales Tax	191,031	124
Sales & Services	115,058	75
Intergovernment	337,341	220
Debt Proceeds	3,412	2
Miscellaneous	5,653	4
Total	$2,218,665	$1,444

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of East Spencer

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of East Spencer