North Carolina
Department of State Treasurer
Financial Information
Town of Elizabethtown



Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Financial Graphs and Comparisons
Download Excel 97 Version of Financial Summary

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
Go to Bladen County Map Page

The AFIR report that was due 10/31/2011 has not been received as of 02/04/2012The audit report that was due 10/31/2011 has not been received as of 02/04/2012


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		201120102009200820072006

Revenues by Source







Property Tax$0 1,584,307 1,566,169 1,599,638 1,367,490 1,427,449


Utility - 1,322,904 1,365,761 1,198,664 1,416,729 1,189,746


Sales Tax - 436,633 466,919 547,759 562,057 530,051


Sales & Services - 744,212 780,125 767,978 682,312 722,719


Intergovernmental - 1,058,782 1,528,795 946,681 581,598 1,796,459


Debt Proceeds - 1,220 41,465 44,620 28,019 153,839


Other Miscellaneous - 466,787 590,033 716,510 376,932 414,740


Total$0 5,614,845 6,339,267 5,821,850 5,015,137 6,235,003










Expenditures by Function







Utility$0 912,243 2,232,470 1,461,639 1,316,248 1,870,362


Debt Service - 242,126 301,593 251,845 241,431 350,424


Transportation - 1,165,416 657,017 735,731 502,448 617,841


General Government - 1,604,051 871,359 872,895 722,365 690,272


Public Safety - 1,348,321 1,458,084 1,346,250 1,198,733 1,375,660


Other - 492,470 667,320 663,513 617,322 962,205


Total$0 5,764,627 6,187,843 5,331,873 4,598,547 5,866,764










Expenditures by Object







Salaries & Wages$0 1,683,456 1,653,837 1,671,086 1,490,996 1,415,896


Capital Outlay - 1,361,611 1,738,212 924,878 417,004 1,551,962


Other Operating + Debt Service - 2,719,560 2,795,794 2,735,909 2,690,547 2,898,906


Total$0 5,764,627 6,187,843 5,331,873 4,598,547 5,866,764



















Per Capita Revenues by Source







Property Tax$0 438 432 437 368 384


Utility - 365 377 328 381 320


Sales Tax - 121 128 149 151 143


Sales & Services - 206 215 210 184 194


Intergovernmental - 292 422 259 157 483


Debt Proceeds - - 11 12 8 41


Other Miscellaneous - 129 163 196 101 112


Total$0 1,551 1,748 1,591 1,350 1,677










Per Capita Expenditures by Function







Utility$0 252 616 399 354 503


Debt Service - 67 83 69 65 94


Transportation - 322 181 201 135 166


General Government - 443 240 239 195 186


Public Safety - 372 402 368 323 370


Other - 136 184 181 166 259


Total$0 1,592 1,706 1,457 1,238 1,578










Per Capita Expenditures by Object







Salaries & Wages$0 465 456 457 401 381


Capital Outlay - 376 479 253 112 417


Other Operating - 751 771 747 725 780


Total$0 1,592 1,706 1,457 1,238 1,578










Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Number of Municipalites in Group 119 122 120 120 124 123


Average Population In Group 4,793 4,664 4,697 4,793 4,727 4,663


Town of Elizabethtown Population 3,589 3,621 3,627 3,660 3,715 3,718

Group Average Per Capita Revenues by Source







Property Tax 352 342346336310306


Utility 539 323315313317332


Sales Tax 125 125144160159152


Sales & Services 144 8582787671


Intergovernmental 251 198179175172159


Debt Proceeds 107 531521112428


Other Miscellaneous 144 120157179229189


Total 1,662 1,2461,3751,3521,2871,237










Group Average Per Capita Expenditures by Function







Utility 423 419414370332305


Debt Service 79 1031001029698


Transportation 89 9595110111112


General Government 167 179185169159156


Public Safety 303 323318318310280


Other 240 220219230235209


Total 1,301 1,3391,3311,2991,2431,160










Group Average Per Capita Expenditures by Object







Salaries & Wages 450 431429414405390


Capital Outlay 226 325317279252205


Other Operating 624 583585606584564


Total 1,300 1,3391,3311,2991,2411,159


















General Fund
Go to top of page		201120102009200820072006

General Fund revenues
 3,525,506 3,639,630 3,668,339 3,413,557 3,560,753

General Fund expenditures
 3,607,710 3,769,114 3,788,077 3,211,601 3,508,929

Operating transfers in
 8,724 5,000 8,333 10,000 -

Operating transfers out
 - - 179,766 20,720 21,666

Capital leases and installment purchase proceeds
 122,500 124,094 416,682 76,767 117,600

Other items
 - - - - -

Excess of revenues and other sources over (under) expenditures and other uses
 49,020 (390) 125,511 268,003 147,758










Fund balance available (FBA):







In dollars
 1,079,657 1,347,906 1,297,007 1,115,553 729,632


FBA as a % of GF Net Expenditures:







 Unit's FBA %
30.9836.9836.5235.3521.38


 Group weighted average FBA %104.9767.3970.2665.0764.3162.32


 State weighted average Non-Electric Group26.6838.7137.8936.6637.3937.38


 State weighted average FBA %29.0137.4737.0336.3536.5436.96

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital
 2,362,706 1,983,394 1,950,927 1,630,858 1,591,870


Quick ratio
14.73 8.55 15.47 11.88 10.44


Net income
(22,197)650,386 340,890 43,749 955,843


Cashflow from operations
375,775 243,684 298,713 251,769 319,984


Depreciation & Amortization Expense
458,814 433,723 382,560 403,582 365,783


























Cash, Investments and Financing
Go to top of page		201120102009200820072006











Population at July 1st of the Previous Year3,5893,6213,6273,6603,7153,718


Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Cash &Investments$0 $3,575,761 $3,726,888 $3,641,593 $2,987,140 $2,669,197


Investment Earnings0 6,708 40,404 107,612 133,466 83,787


Tax Rate Equivalent0.00000.00270.01610.04380.06370.0405


Tax Rate Equivalent Group weighted average0.00270.00550.01300.02940.04370.0322


Tax Rate Equivalent Statewide weighted average0.01560.02470.01330.05240.09200.0573


Latest year of Revaluation 200720072007200719991999


January 1, Prior Year Assessed Valuation$256,266,099 251,981,684 250,482,755 245,679,266 209,365,450 206,856,470


Tax Rate0.61500.61500.61500.62500.67500.6800


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio91.6386.4090.69100.0060.2969.54


Assessment -to-Sales Ratio Group weighted average102.19102.8492.1790.9283.5191.52


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$279,674,887 291,645,468 276,196,664 245,679,266 347,263,974 297,464,006


EffectiveTax Rate0.56350.53140.55770.62500.40700.4729


Group weighted average Effective Tax Rate0.28380.26240.24860.24270.26020.2921


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected0.000094.890093.860092.970089.580091.8000


Percent Collected Group weighted average96.5895.4095.4195.8196.7096.72


Percent Collected Statewide97.5997.3697.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles0.0097.4096.9695.2191.3293.64


Percent Collected Excluding Motor Vehicles Group weighted average97.3397.4397.5598.0697.9998.08


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 0.0069.4366.2072.8774.3976.42


Percent Collected Motor Vehicles Only Group weighted average85.2985.6085.2385.7586.0486.22


Percent Collected Motor Vehicles Only Statewide weighted average 87.2886.3486.5586.7486.7186.80


Tax Uncollected0 176,830 196,732 224,170 251,619 227,740


Tax Rate Equivalent0.00000.07020.07850.09120.12020.1101


Dominant County: Bladen






Debt Information








Population Group2,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,999


Ratings:







 Fitch







 Moody's







 S & P
















General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation




 Enterprise GO Debt$0 0 0 0 0 0


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group113 107 158 152 149 162


Total Per Capita Statewide450 449 455 456 478 495


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


 Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0898%0.0802%0.1078%0.1101%0.1223%0.1565%


 Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4280%0.4134%0.3909%0.4132%0.4706%0.5275%


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$210,394 234,460 257,690 0 0 0


--General Government0 0 0 0 0 0


Total*$210,394 234,460 257,690 0 0 0


* The total only includes the contracts that require Local Government Commission approval.




Revenue Bond Debt $0 0 0 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes3,5893,6213,6273,6603,7153,718









1.5AFISCAL Governmental Activities Assets
8,033,7477,303,3977,154,4046,695,6836,596,776
1.5BSUMMARYGovernmental Activities Liabilities
1,239,748993,0041,113,558769,938898,068
3.5A
Business Type Activities Assets
15,805,51015,946,35315,109,46514,701,50315,100,893
3.5B
Business Type Activities Liabilties
398,544517,190330,688263,616706,755
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy
1,482,8831,439,4711,453,5971,260,8531,279,403
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections
77,495107,593117,90278,687116,472
13.0
Penalties and Interest
23,92919,10528,13927,95031,574
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax
2,5221,101


16.0
1% Local Government Option Sales Tax
148,455158,753153,372140,514144,969
17.0
1/2% Local Government Option Sales Tax (40)
117,891126,068147,895157,376144,878
18.0
1/2% Local Government Option Sales Tax (42)
117,891126,068147,895157,376144,439
18.5
1/2% Local Government Option Sales Tax (44)
52,39656,03098,597106,79195,765
19.0
Privilege Licenses
46,4648,94319,99514,56714,212
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses


11,97811,65411,460
21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses

5,7095,48540,89037,597
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety





31.0
Transportation - Streets





32.0
Transportation - All Other
13,547162,669


33.0
Environmental Protection





34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.




439,209
35.0
Econ. & Phys. Dev. - All Other




262,554
36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional Hold Harmless





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
296,004294,893277,672229,554204,224
45.0
Beer and Wine Tax
5,17316,77217,38316,80016,471
46.0
Powell Bill
108,901123,956140,350126,048128,892
50.0
Court Fees - Facilities and Arrest Fees
10,1719,5373,5401,7855,169
51.0
General Government
73,723



52.0
Public Safety
4,510
21,63624,628135,825
53.0
Transportation - Streets





54.0
Transportation - All Other
473,681
60,00757,172140,000
55.0
Environmental Protection
16,177916,716418,648
9,021
56.0
Econ. & Phys. Dev. - Housing/Community Dev





57.0
Econ. & Phys. Dev. - All Other
53,500

96,511380,594
58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation





61.0LOCALPayments in Lieu of Taxes - Local
3,3954,2522,578

62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety


4,867

64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development



29,10074,500
68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits





72.0& FEESInspection Fees

536100
5,347
72.1
Amusements licensing and permit taxes



220
73.0
Other Permits
4,2226,1654,2387,1064,109
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties
1,09540,23310016,78818,411
76.0
Airport





77.0
Fire Protection Charges
88,451103,603122,71764,125131,001
78.0
Solid Waste
648,969630,049633,213589,117566,373
79.0
Ambulance and Rescue Squad Charges




2,000
80.0
Cemeteries
57575

475
81.0
Recreation Service Revenues
900
7,7105,176350
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
52,841139,073
162,942
86.0UTILITYWater and Sewer Charges
1,270,0631,226,6881,198,6641,253,7871,189,746
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds
6,70840,404107,612133,46683,787
91.0
Special Assessments





92.0
Private Contributions and Donations
46,6155,3004,0082,2159,637
93.0
Sales of Materials and Fixed Assets

48,72625,000

94.0
Sale of Real Property


3,6501,125
95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution
105,00087,321105,00080,000115,000
98.0
Other Miscellaneous Revenues
1,22041,46544,62028,019153,839
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases
262,000393,094433,68292,795137,700
101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits
7,46514,4988,9398,00811,197
106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages
21,38123,25220,77821,58621,332
109BGENERALGoverning Body - Other Direct
23,02016,78014,67224,96413,377
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages
187,092151,955184,882165,812159,397
110B
Administration - Other Direct
159,694189,566176,874145,369185,343
110C
Administration - Construction





110D
Administration - Purchase of P,P&E
5,536
10,2496,900
111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages
149,896137,520122,38085,76285,533
112B
Finance - Other Direct
120,01094,49564,09859,83052,119
112C
Finance - Construction





112D
Finance - Purchase of P,P&E


89,195

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
95,846122,019116,550102,65282,161
115B
Public Buildings - Other Direct
79,17667,27873,21774,42391,010
115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E

68,494
35,067
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
32,924



118B
Gen. Govt. All Other - Other Direct
19,464



118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E
710,012



119APUBLICPolice & Comm - Traffic Control - Salaries and Wages
620,775608,372569,179525,399511,356
119BSAFETYPolice & Comm - Traffic Control - Other Direct
295,119275,819303,468258,982263,122
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E
54,76770,96286,48241,68040,566
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
190,061165,076192,795176,728160,565
122B
Fire - Other Direct
157,581136,837166,088168,766221,961
122C
Fire - Construction





122D
Fire - Purchase of P,P&E

172,772

153,072
123A
Inspectors - Salaries & Wages





123B
Inspectors - Other Direct





123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct





124C
Rescue Units - Construction





124D
Rescue Units - Purchase of P,P&E





125A
Animal Control - Salaries & Wages





125B
Animal Control - Other Direct





125C
Animal Control - Construction





125D
Animal Control - Purchase of P,P&E





126A
Pub. Safety All Other - Salaries & Wages





126B
Pub. Safety All Other - Other Direct





126C
Pub. Safety All Other - Construction





126D
Pub. Safety All Other - Purchase of P,P&E





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E





128A
Streets and Highways - Salaries & Wages
169,522172,592154,065141,357143,581
128B
Streets and Highways - Other Direct
294,870260,862232,795200,727203,916
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E
165,7348,000163,250
110,593
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
7,7305,031
3,9268,817
130B
Powell Bill - Other Direct
34,86211,399106,224116,438110,934
130C
Powell Bill - Construction





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





131A
Parking Facilities - Salaries & Wages





131B
Parking Facilities - Other Direct





131C
Parking Facilities - Construction





131D
Parking Facilities - Purchase of P,P&E





132A
Mass Transit - City - Salaries & Wages





132B
Mass Transit - City - Other Direct





132C
Mass Transit - City - Construction





132D
Mass Transit - City - Purchase of P,P&E





133B
Mass Transit - Private - Other Direct





134A
Airport - Salaries & Wages





134B
Airport - Other Direct
156,94340,00040,00040,00040,000
134C
Airport - Construction
335,755159,13339,397

134D
Airport - Purchase of P,P&E





135A
Transpor. All Other - Salaries & Wages





135B
Transpor. All Other - Other Direct





135C
Transpor. All Other - Construction





135D
Transpor. All Other - Purchase of P,P&E





136AENVIRONSolid Waste - Salaries & Wages





136BMENTALSolid Waste - Other Direct
421,902495,791473,268440,772487,186
136CPROTECTIONSolid Waste - Construction





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





137A
Drainage & Watershed - Salaries & Wages





137B
Drainage & Watershed - Other Direct





137C
Drainage & Watershed - Construction





137D
Drainage & Watershed - Purchase of P,P&E





138A
Cemeteries - Salaries & Wages





138B
Cemeteries - Other 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





140AECONOMICPlanning & Zoning - Salaries & Wages

55,294106,37689,99589,919
140B& PHYSICALPlanning & Zoning - Other Direct

23,66248,64654,26141,090
140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct
46,0006,0206,0004,00043,555
141C
Economic Development - Construction




276,901
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


10

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




2,000
145C
Econ. Dev. All Other - Construction





145D
Econ. Dev. All Other - Purchase of P,P&E





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - Other Direct





146C
Health - Construction





146D
Health - Purchase of P,P&E





147A
Mental Health - Salaries & Wages





147B
Mental Health - Other Direct





147C
Mental Health - Construction





147D
Mental Health - Purchase of P,P&E





148A
Social Services - Salaries & Wages





148B
Social Services - Other Direct





148C
Social Services - Construction





148D
Social Services - Purchase of P,P&E





149B
Hospital-City - Other Direct





150B
Hospital-Private - Other Direct





151A
Legal Aid - Salaries & Wages





151B
Legal Aid - Other Direct





151C
Legal Aid - Construction





151D
Legal Aid - Purchase of P,P&E





152A
Human Serv. All Other - Salaries & Wages





152B
Human Serv. All Other - Other Direct





152C
Human Serv. All Other - Construction





152D
Human Serv. All Other - Purchase of P,P&E





153ACULTURE Recreation & Parks - Salaries & Wages





153BRECREATIONRecreation & Parks - Other Direct
11,76813,75925,21322,81919,554
153C
Recreation & Parks - Construction

68,494


153D
Recreation & Parks - Purchase of P,P&E
9,500



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

3,300


155C
Museums - Construction





155D
Museums - Purchase of P,P&E





156A
Libraries - Salaries & Wages





156B
Libraries - Other Direct
3,3001,0001,000
2,000
156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E





157A
Cult. & Recr. All Other - Salaries & Wages





157B
Cult. & Recr. All Other - Other Direct


3,0005,475
157C
Cult. & Recr. All Other - Construction





157D
Cult. & Recr. All Other - Purchase of P,P&E





158AUTILITYWater & Sewer - Salaries & Wages
208,229212,726204,081177,779153,235
158B
Water & Sewer - Other Direct
623,707829,387721,253805,112746,297
158C
Water & Sewer - Construction
16,1771,146,460504,870219,652936,957
158D
Water & Sewer - Purchase of P,P&E
64,13043,89731,435113,70533,873
159A
Electric Power - Salaries & Wages





159B
Electric Power - Other Direct





159C
Electric Power - Construction





159D
Electric Power - Purchase of P,P&E





160A
Natural Gas - Salaries & Wages





160B
Natural Gas - Other Direct





160C
Natural Gas - Construction





160D
Natural Gas - Purchase of P,P&E





161.1A
Storm Water - Salaries & Wages





161.1B
Storm Water - Other Direct





161.1C
Storm Water - Construction





161.1D
Storm Water - Purchase of P,P&E





161BDEBTWater & Sewer - Interest & Fees
9,70812,5821,5144,3708,128
161DSERVICEWater & Sewer - Principal
32,20324,52441,23666,328158,889
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
34,07933,66932,77628,09732,592
166D
All Other - Principal
166,136230,818176,319142,636150,815
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement
30,01828,24628,23827,17825,018
172B
Fringe Benefits Other





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





173BEXPENDMulti-Cnty Libr Dis,Cnty,Or Other - Item #





173C
Multi-Cnty Libr Dis,Cnty,Or Other - Amount





174A
Gen Gov Activities Shared W/ Cnty - Recipient





174B
Gen Gov Activities Shared W/ Cnty - Item #





174C
Gen Gov Activities Shared W/ Cnty - Amount





175A
Highways (Payments to State) - Recipient





175B
Highways (Payments to State) - Item No.





175C
Highways (Payments to State) - Amount





176A
Other - Intergovt. Expenditures - Recipient





176B
Other - Intergovt. Expenditures - Item #





176C
Other - Intergovt. Expenditures - Amount





177A
Other - Intergovt. Expenditures - Recipient





177B
Other - Intergovt. Expenditures - Item #





177C
Other - Intergovt. Expenditures - Amount





178A
Other - Intergovt. Expenditures - Recipient





178B
Other - Intergovt. Expenditures - Item #





178C
Other - Intergovt. Expenditures - Amount





179.0
Current year's levy -- Excluding motor vehicles.1,422,911.001,378,837.001,406,740.001,251,764.001,241,749.00
180.0
Current year's levy -- Motor vehicles (only).139,764.00154,855.00156,777.00142,968.00148,734.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh.37,066.0041,877.0067,393.00108,651.0079,006.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles
42,72652,34442,52736,61835,074
183.0DATAPercentage of Taxes Collected - All Property %0.0094.8993.8692.9789.5891.80
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%0.0097.4096.9695.2191.3293.64
185.0
Percentage of Taxes Collected - Motor Vehicles %0.0069.4366.2072.8774.3976.42
186.0
Ttl Amt Salaries/Wages for Construction





187A
Capital Reserve Schools - July 1, 2009





187B
Capital Reserve Schools - June 30, 2010





188A
Capital Reserve Hospitals - July 1, 2009





188B
Capital Reserve Hospitals - June 30, 2010





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





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





189CINVESTCash On Hand & in Bank - All Other
3,575,7613,726,8883,641,5932,987,1402,669,197
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures Made During FY - B(1) - B(7)





191.0
Investment in Property - B(1) - B(4)





192.0
Amount Expended During FY - B(5) and B(7)





193.0
Amount of Tax Revenues Taken Into Account





194APART 9Amount - Total Revenues
5,626,0916,345,3686,009,9495,140,8576,256,669
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In
8,7245,000188,099125,72021,666
194D
Amount - Net Revenues
5,617,3676,340,3685,821,8505,015,1376,235,003


Calculated amount
5,617,3676,340,3685,821,8505,015,1376,235,003


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures
5,773,3516,192,8435,519,9724,724,2675,888,430
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out
8,7245,000188,099125,72021,666
195D
Amount - Net Expenditures
5,764,6276,187,8435,331,8734,598,5475,866,764


Calculated amount
5,764,6276,187,8435,331,8734,598,5475,866,764


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer



660
402ASewer Amount processed and/or purchased in units Water


262,040

402BOperationsAmount processed and/or purchased in units Sewer


7,839

403A
Total amount billed in units - Water


2

403B
Total amount billed in units - Sewer


2

404A
Of the total in 403A above how many units were Residential W


2

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
611,660
156,806

408A
Dollars related to 403A above
567,087
166,948

408B
Dollars related to 403B above


101,746

409A
Dollars related to 404A above


119,442

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


2,467

421A
Number of residential accounts billed - Water


2,408

421B
Number of residential accounts billed - Sewer


254

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


255

422B
Number of non-residential & bulk accounts billed - Sewer
22222
423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialJAN LENNON

951.0
TitleFINANCE OFFICER

952.0
Date





953.0
ContactJAN LENNON

954.0
TitleFINANCE OFFICER

955.0
Phone910-862-3979




956.0
Fax





957.0
E-Mail:

















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Key Ratios and Operations Statistics of Water and Sewer Systems for


Town of Elizabethtown













201120102009200820072006








Population
3,5893,6213,6273,6603,7153,718
Population Group
No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999
Total Operating Revenues

1,270,0631,226,6881,198,6641,253,7871,189,749
Total Operating Revenues Per Capita

351338328337320
Group Weighted Average Revenues Per Capita17261244235242255
State Weighted Average Revenues Per Capita7272252255255249








% to Total Operating Revenues






Operating Expenses

101.63%120.31%109.11%110.58%106.35%
Group Weighted Average
82.20%92.72%91.41%92.91%90.03%86.35%
State Weighted Average
91.62%83.21%87.12%84.06%80.00%79.32%








Operating Margin

-1.63%-20.31%-9.11%-10.58%-6.35%
Group Weighted Average
17.80%7.28%8.59%7.09%9.97%13.65%
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%
Group Weighted Average
21.89%1.69%1.70%1.04%1.49%1.56%
State Weighted Average
27.09%1.59%1.20%1.28%1.10%1.57%








Operating Transfers Out

0.69%0.41%0.70%0.80%0.00%
Group Weighted Average
67.66%3.09%9.31%3.10%2.59%1.83%
State Weighted Average
52.67%1.55%2.65%3.15%1.86%2.84%








Net Income before capital contributions

-3.02%-21.57%-5.62%-6.39%-3.38%
Group Weighted Average
85.84%19.63%12.72%18.01%5.29%17.80%
State Weighted Average
643.66%15.82%-9.92%18.20%25.61%24.40%








Key Ratios and Cash Flow














Quick Ratio

14.738.5515.4711.8810.44
Group Weighted Average
3.752.973.213.123.253.67
State Weighted Average
4.023.212.822.962.912.83








Days Sales in Receivables
8.061.954.759.865.961.7
Group Weighted Average
3.459.463.654.755.355.7
State Weighted Average
1.257.958.556.761.659.8








Days Cash on Hand

928.4682.0705.1544.6596.9
Group Weighted Average
-50.1424.6493.9540.8562.2488.8
State Weighted Average
-16.4614.6560.8588.9647.0571.9








Cash flow from Operations

375,775243,684298,713251,769319,984








Debt to Equity

0.020.020.000.000.00
Group Weighted Average
0.380.310.300.250.260.25
State Weighted Average
0.220.590.540.540.550.55








Debt per Capita

67768411
Group Weighted Average
20384357309307288
State Weighted Average
8897783781761733








Capital Expenditures:
201120102009200820072006


$000000










2005200420032002



$136,790935,461632,4221,480,724









Capital Contributions: Excluded from income above
$016,177914,932408,252123,861996,053
















Operating Statistics














Estimated population of the areas served Water00003,700NA
Estimated population of the areas served Sewer0000660NA








Number of Gallons of Water Processed (000) omitted000262,0400NA
Number of Gallons of Sewage Processed (000) omitted0007,8390NA








Number of Gallons of Water Billed (000) omitted00020NA
Number of Gallons of Sewage Billed (000) omitted00020NA








Ratio of Water Billed to Water Processed


0.00001
NA
Ratio of Sewage Billed to Sewage Processed


0.00026
NA








Total Revenue from Water Sales00000NA
Total Revenue from Sewage Sales0567,0870166,9480NA








Water Revenue per 1000 gallons of Sales




0.00000NA
Sewage Revenue per 1000 gallons of Sales




0.00000NA








Group Average Sales per thousand Gallons Water$0.00602$146.64376$40.01634$1,510.62899$1,842.80047NA
Group Average Sales per thousand Gallons Sewage$0.00883$94.75591$48.91229$1,673.88245$2,249.50353NA








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








Residential Water Sales per thousand Gallons$0.00000

50,873.00000
NA
Residential Sewage Sales per thousand Gallons$0.00000

59,721.00000
NA








Water Sales per thousand Gallons outside Municipal Limits$0.00000



NA
Sewage Sales per thousand Gallons outside Municipal Limits$0.00000



NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA



Financial Graphs and Comparisons


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Analysis of Available Fund Balance: General Fund

20062007200820092010
Unit's FBA %21.38%35.35%36.52%36.98%30.98%
Group average FBA %62.32%64.31%65.07%70.26%67.39%
State average Electric/Non Electric Group FBA %37.38%37.39%36.66%37.89%38.71%
State average FBA %36.96%36.54%62.32%37.03%37.47%






Municipal Population Group: No Electric 2,500 to 9,999

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Analysis of Property Tax

20062007200820092010
Municipality91.80%89.58%92.97%93.86%94.89%
Pop. Group96.72%96.70%95.81%95.41%95.40%
Statewide97.55%97.58%97.56%97.34%97.36%






Municipal Population Group: No Electric 2,500 to 9,999






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Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group149152158107113
Statewide478456455449450






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20062007200820092010
Property Tax$384368437432438
Utility320381328377365
Sales Tax143151149128121
Sales & Services194184210215206
Intergovernmental483157259422292
Debt Proceeds41812110
Other Miscellaneous112101196163129
Total$1,6771,3501,5911,7481,551

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Analysis of Revenue for Fiscal 2011











2010
2010
CategoryRevenue
Per Capita
Property Tax$1,584,307
$438
Water/Sewer52,841
15
Electric1,270,063
351
Other Utilities0
0
Sales Tax436,633
121
Sales & Services744,212
206
Intergovernment1,058,782
292
Debt Proceeds1,220
0
Miscellaneous466,787
129
Total$5,614,845
$1,551





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Function for Fiscal 2011











2010
2010
CategoryExpenditures
Per Capita
General Government$1,604,051
$443
Water/Sewer0
0
Electric912,243
252
Other Utilities0
0
Debt Service242,126
67
Transportation1,165,416
322
Public Safety1,348,321
372
Other492,470
136
Total$5,764,627
$1,592





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Object for Fiscal 2011






2010
2010
CategoryExpenditures
Per Capita
Salaries & Wages$1,683,456
$465
Water/Sewer Capital0
0
Electric Capital80,307
22
Other Capital1,281,304
354
Other Operating2,719,560
751
Total$5,764,627
$1,592





Municipal Population Group: No Electric 2,500 to 9,999





Last Updated 2/7/2012 2:19:23 PM