North Carolina
Department of State Treasurer
Financial Information
Town of Erwin

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	$1,110,997	951,811	955,353	968,710	921,789	942,155
		Utility	-	1,251	9,286	1,241,433	1,197,514	1,223,508
		Sales Tax	456,306	527,385	539,072	513,550	481,099	437,171
		Sales & Services	321,350	302,049	261,473	259,373	376,983	407,575
		Intergovernmental	398,360	389,084	336,113	337,329	328,304	334,573
		Debt Proceeds	109,989	77,000	165,000	40,750	98,239	3,969
		Other Miscellaneous	149,594	450,358	373,286	284,111	328,390	121,613
		Total	$2,546,596	2,698,938	2,639,583	3,645,256	3,732,318	3,470,564

	Expenditures by Function
		Utility	$43,005	109,123	155,237	780,093	882,487	1,078,875
		Debt Service	198,429	167,888	1,186,853	259,645	428,310	383,769
		Transportation	632,982	520,484	632,123	368,708	581,065	345,506
		General Government	503,841	564,891	484,249	404,796	391,738	700,250
		Public Safety	793,406	806,603	799,771	795,188	733,401	696,457
		Other	781,506	769,704	608,457	625,027	717,001	645,799
		Total	$2,953,169	2,938,693	3,866,690	3,233,457	3,734,002	3,850,656

	Expenditures by Object
		Salaries & Wages	$994,137	1,002,220	911,536	1,058,029	1,009,802	1,083,795
		Capital Outlay	225,520	156,611	171,862	115,450	299,774	409,050
		Other Operating + Debt Service	1,733,512	1,779,862	2,783,292	2,059,978	2,424,426	2,357,811
		Total	$2,953,169	2,938,693	3,866,690	3,233,457	3,734,002	3,850,656


	Per Capita Revenues by Source
		Property Tax	$224	196	199	203	194	201
		Utility	-	-	2	260	253	260
		Sales Tax	93	108	112	107	101	93
		Sales & Services	65	62	54	54	80	87
		Intergovernmental	80	80	70	71	69	71
		Debt Proceeds	22	16	34	9	21	1
		Other Miscellaneous	30	93	78	60	69	26
		Total	$514	555	549	764	787	739

	Per Capita Expenditures by Function
		Utility	$9	22	32	163	186	230
		Debt Service	40	35	247	54	90	82
		Transportation	128	107	131	77	123	74
		General Government	101	116	102	86	83	149
		Public Safety	160	166	166	167	155	148
		Other	158	158	126	131	151	137
		Total	$596	604	804	678	788	820

	Per Capita Expenditures by Object
		Salaries & Wages	$201	206	189	222	213	231
		Capital Outlay	46	32	36	24	63	87
		Other Operating	349	366	579	432	512	502
		Total	$596	604	804	678	788	820

	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
		Number of Municipalites in Group	119	117	120	119	116	114
		Average Population In Group	4,614	4,782	4,848	4,820	4,759	4,871
		Town of Erwin Population	4,955	4,864	4,812	4,772	4,741	4,697
	Group Average Per Capita Revenues by Source
		Property Tax	345	342	312	306	296	284
		Utility	313	319	316	326	307	292
		Sales Tax	140	162	158	154	146	140
		Sales & Services	86	82	79	74	70	68
		Intergovernmental	184	184	176	160	165	184
		Debt Proceeds	212	176	109	95	65	77
		Other Miscellaneous	105	127	161	126	110	97
		Total	1,385	1,392	1,311	1,241	1,159	1,142

	Group Average Per Capita Expenditures by Function
		Utility	415	381	334	305	290	305
		Debt Service	101	105	97	98	101	104
		Transportation	95	113	112	112	105	100
		General Government	185	172	160	156	154	159
		Public Safety	317	325	312	280	268	261
		Other	218	235	237	209	218	199
		Total	1,331	1,331	1,252	1,160	1,136	1,128

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	430	425	408	390	385	359
		Capital Outlay	320	287	254	205	179	208
		Other Operating	581	619	590	565	572	561
		Total	1,331	1,331	1,252	1,160	1,136	1,128


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$2,357,269	2,375,568	2,327,753	2,330,491	2,408,270	2,200,726
	General Fund expenditures		2,851,412	2,791,335	2,661,014	2,288,123	2,506,681	2,452,192
	Operating transfers in		6,466,313	164,926	-	-	-	260,305
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		109,989	77,000	165,000	40,750	98,239	3,969
	Other items		-	-	4,250	500	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		6,082,159	(173,841)	(164,011)	83,618	(172)	12,808

	Fund balance available (FBA):
		In dollars	$6,525,148	456,751	675,402	841,544	747,293	722,103
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	238.02	16.83	27.06	37.45	31.03	29.49
		Group weighted average FBA %	70.08	65.07	64.31	62.32	62.21	61.38
		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	$0	6,460,431	6,511,386	539,220	225,371	79,609
		Quick ratio	0.00	21,535.77	681.75	2.28	1.53	1.12
		Net income	(6,491,763)	(64,249)	(68,558)	156,605	41,145	(79,166)
		Cashflow from operations	(43,097)	(108,396)	(284,186)	455,092	366,732	486,175
		Depreciation & Amortization Expense	0	13,295	14,724	281,262	281,959	273,164



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

		Population at July 1st of the Previous Year	4,955	4,864	4,812	4,772	4,741	4,697
		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
		Cash &Investments	$7,319,416	7,656,240	8,006,620	2,347,940	2,022,104	1,962,651
		Investment Earnings	67,179	244,896	331,272	43,218	28,302	14,649
		Tax Rate Equivalent	0.0335	0.1233	0.1694	0.0222	0.0146	0.0077
		Tax Rate Equivalent Group weighted average	0.0129	0.0296	0.0439	0.0322	0.0212	0.0115
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$200,727,316	198,644,476	195,501,660	194,786,894	193,800,467	190,477,649
		Tax Rate	0.4800	0.4800	0.4800	0.4800	0.4800	0.4800
		Tax Rate Group weighted average	0.2710	0.2682	0.3126	0.3191	0.3626	0.3759
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	81.98	83.77	90.41	94.73	95.32	99.82
		Assessment -to-Sales Ratio Group weighted average	92.21	90.92	83.47	91.52	85.31	89.22
		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	$244,849,129	237,130,806	216,238,978	205,623,239	203,315,639	190,821,127
		EffectiveTax Rate	0.3935	0.4021	0.4340	0.4547	0.4575	0.4791
		Group weighted average Effective Tax Rate	0.2499	0.2438	0.2610	0.2921	0.3093	0.3354
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	96.75	96.38	96.72	96.42	93.41	95.11
		Percent Collected Group weighted average	97.20	96.72	96.76	96.72	96.85	96.72
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	98.20	97.91	98.48	97.95	94.52	96.71
		Percent Collected Excluding Motor Vehicles Group weighted average	97.55	98.08	98.00	98.08	97.96	98.15
		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	84.61	84.12	82.97	84.11	84.28	82.90
		Percent Collected Motor Vehicles Only Group weighted average	85.15	85.75	86.04	86.22	85.87	85.65
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	18,232	39,359	35,321	38,294	69,841	50,701
		Tax Rate Equivalent	0.0091	0.0198	0.0181	0.0197	0.0360	0.0266
		Dominant County: Harnett
	Debt Information
		Population Group	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 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	168,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	168,000
		Per Capita	$0	0	0	0	0	36
		Total Per Capita for the Population Group	158	152	149	162	162	159
		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%	0.0880%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1078%	0.1101%	0.1223%	0.1565%	0.1724%	0.1878%
		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	1,050,453	1,171,437	1,288,089
		--General Government	296,858	347,649	396,476	443,415	488,539	531,919
		Total*	$296,858	347,649	396,476	1,493,869	1,659,976	1,820,008
		* 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		4,955	4,864	4,812	4,772	4,741	4,697

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	9,792,951	3,612,095	1,767,534	1,816,882	1,834,682	1,759,387
1.5B	FISCAL	Governmental Activities Liabilities	717,175	726,270	257,028	152,044	265,151	200,942
3.5A	SUMMARY	Business Type Activities Assets		6,647,976	6,721,490	8,127,004	8,112,083	8,372,553
3.5B		Business Type Activities Liabilties		300	9,565	1,346,521	1,488,205	1,789,820
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	1,068,888	915,326	907,280	889,528	864,707	860,760
11	TAX	Current collection of special tax districts		136,926	136,224	136,646
12	REVENUES	Prior years' levy collections	27,313	24,692	28,136	59,243	42,446	63,043
13		Penalties and interest	14,796	11,793	19,554	19,939	14,636	18,352
14		Collection of taxes previously written off			383
15		Animal tax
15.1		Solid Waste Disposal Tax
16		1% Local government sales and use tax	171,571	147,668	149,592	147,715	158,468	135,704
17		1/2% Local government sales and use taxes (Article 40)	115,545	142,394	146,350	136,154	117,799	111,021
18		1/2% Local government sales and use taxes (Article 42)	115,545	142,394	145,688	135,617	117,279	110,415
18.5		1/2% Local government sales and use taxes (Article 44)	53,645	94,929	97,442	94,064	87,553	80,031
19		Licenses Privilege						7,159
19.1		Privilege - Occupational & business licensing & permit taxes	10,194	6,214	5,800	9,017	7,933
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax	9,117	9,249	9,129	9,546	9,239	9,065
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV			9,236	18,167	18,471	18,463
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			6,182
29	REVENUES	General government
30		Public safety			5,241	5,482	6,986
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						22,213
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes						11,214
40	INTERGOV	Controlled substance tax	125		64	3,154	8,045	16,485
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues		436	3,043	13,606	2,494	2,494
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution		18,690	20,831	21,188	21,916	19,517
44		Utility franchise tax	176,027	147,758	110,887	102,411	97,654	83,031
45		Beer and Wine tax	21,626	22,171	21,407	20,769	20,605	19,801
46		Powell Bill	160,940	179,168	160,083	162,504	162,617	146,584
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	1,205	1,443	245	472	486	760
51		General Government		300
52		Public safety
53		Transportation - Streets			8,130	7,743	7,501	12,474
54		Transportation - All other
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other	10,000
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation	28,437
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		19,118
71	PERMITS	Building permits	2,440	2,512	3,250	3,995	1,517	1,300
72	& FEES	Inspection fees	33,333	15,950	20,004	21,992	27,577	25,503
72.1		Amusements licensing and permit taxes
73		Other permits
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	15,913
76		Airport
77		Fire protection charges					130,130	134,107
78		Solid waste	249,939	240,778	214,194	216,950	211,430	220,971
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues	52,377	59,375	43,314	37,943	31,923	49,042
82		Library service revenues	3,121	1,896		500
83		Other cultural and recreational service revenues			3,965	3,980	3,500	3,455
84		Mass transit - city operated
85		Other sales and services
86	UTILITY	Water and sewer charges		1,251	9,286	1,241,433	1,197,514	1,223,508
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	67,179	244,896	331,272	43,218	28,302	14,649
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets	3,000		-207,401	500	350
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	24,331	34,611	65,772	41,030	235,001	45,474
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases	109,989	77,000	165,000	40,750	98,239	3,969
101		Other
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			-32,600	-2,727	1,987	3,200
106		Deposits other than utility				-17,695	190	252
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	19,800	19,800	19,800	20,325	19,800	18,900
109B	GENERAL	Governing body - All other Direct	9,310	10,934	6,737	13,259	3,376	3,756
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures				8,495
110A		Administration - Salaries	206,421	228,101	208,124	169,787	163,402	153,873
110B		Administration - All other Direct	260,810	306,056	249,588	192,930	205,160	446,752
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures	7,500					76,969
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	387,636	368,593	343,016	335,648	331,478	356,993
119B	SAFETY	Police and Communications - All other Direct	179,982	184,732	202,751	183,063	186,123	133,516
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	17,774	35,468	40,024	46,541	33,308
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	141,464	138,712	139,245	138,159	129,034	134,092
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
123A		Inspectors - Salaries	23,119	37,093	24,008	33,678	15,206	34,954
123B		Inspectors - All other Direct	26,594	26,974	36,548	44,947	24,622	21,862
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries
126B		Public Safety All Other - All other Direct
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	152,132	90,397	96,201	166,325	112,780	90,349
128B		Streets and Highways - All other Direct	370,861	171,527	185,150	116,541	153,219	161,467
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures	109,989	71,058	131,838		64,840
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		50,000	46,095	53,185	45,000	45,000
130B		State Street Aid Allocation - Powell Bill - All other Direct		137,502	172,839	32,657	205,226	48,690
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
136B	MENTAL	Solid Waste - All other Direct	253,752	264,947	260,501	256,013	253,751	241,259
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries
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	130,379	127,292	86,139	58,889	82,068	104,428
153B	RECREATION	Recreation and Parks - All other Direct	188,691	208,731	143,396	146,511	128,231	185,652
153C		Recreation and Parks - Construction	58,753	38,235		60,414	147,471
153D		Recreation and Parks - Land, Equipment, and Existing Structures	14,104
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	74,650	61,180	58,440	60,889	61,531	60,020
156B		Libraries - All other Direct	43,777	57,469	59,981	42,311	43,949	54,440
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures	17,400	11,850
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		19,764	29,713	159,303	178,537	219,278
158B		Water and Sewer - All other Direct	43,005	89,359	125,524	620,790	649,795	527,516
158C		Water and Sewer - Construction					54,155	126,306
158D		Water and Sewer - Land, Equipment, and Existing Structures						205,775
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			346	43,897	60,182	70,795
161D	SERVICE	Water and Sewer - Debt Service Principal Payments			1,050,093	121,344	284,652	248,794
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	20,751	22,022	23,931	22,928	23,976	22,176
166D		All Other - Debt Service Principal Payments	177,678	145,866	112,483	71,476	59,500	42,004
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)	16,837	15,031	14,179	13,152	13,630	15,040
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	982,780	968,012	953,306	950,165	944,324	917,491
180	OTHER	Current Year Levy Motor Vehicles Only	117,800	120,647	122,184	118,207	115,036	120,036
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	17,656	20,195	14,512	19,512	51,761	30,169
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	18,135	19,164	20,809	18,782	18,080	20,532
183		Percentage of Taxes Collected - Current Year All Property	96.75	96.38	96.72	96.42	93.41	95.11
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	98.2	97.91	98.48	97.95	94.52	96.71
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	84.61	84.12	82.97	84.11	84.28	82.90
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	7,319,416	7,656,240	8,006,620	2,347,940	2,022,104	1,962,651
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	9,012,909	2,863,864	2,639,583	3,645,256	3,732,318	3,470,564
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	6,466,313	164,926
194D		Amounts - Net Revenues per AFIR	2,546,596	2,698,938	2,639,583	3,645,256	3,732,318	3,470,564
		Calculated amount	2,546,596	2,698,938	2,639,583	3,645,256	3,732,318	3,470,564
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	9,419,482	3,103,619	3,866,690	3,233,457	3,734,002	3,850,656
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	6,466,313	164,926
195D		Amounts Net Expenditures per AFIR	2,953,169	2,938,693	3,866,690	3,233,457	3,734,002	3,850,656
		Calculated amount	2,953,169	2,938,693	3,866,690	3,233,457	3,734,002	3,850,656
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	PATSY M CARSON
951		Title of Official	MAYOR
952		Date Certified	02/12/2010	12/04/2008	11/02/2007
953		Person to Contact	BRIAN THOMPSON
954		Title of Person to Contact	TOWN MANAGER
955		Telephone Number	910-897-5140
956		Facsimile Number	910-897-5543

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

	2009	2008	2007	2006	2005	2004

Population	4,955	4,864	4,812	4,772	4,741	4,697
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	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	0	27	0	14	6	9
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!	71.48%	#DIV/0!	135.40%	131.80%	154.69%
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!	28.52%	#DIV/0!	-35.40%	-31.80%	-54.69%
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!	4.51%	#DIV/0!	-2.87%	-57.18%	24.81%
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!	296.26%	#DIV/0!	577.57%	1261.79%	829.88%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	N/A	21535.77	681.75	2.28	1.53	1.12
Group Weighted Average	3.20	3.12	3.26	3.67	3.54	4.02
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!	54.1	#DIV/0!	60.6	119.9	110.9
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	-712.4
Group Weighted Average	-5.2	-334.0	-25.4	-158.6	-68.6	-170.4
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	-$43,097	-108,396	-284,186	455,092	366,732	486,175

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.49	0.49	#DIV/0!	0.96	0.56	1.19
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	0	0	0	248	310
Group Weighted Average	31	86	84	165	92	107
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$0	0	0	0	54,155	332,081

	2003	2002	2001	2000
	$140,474	874,575	410,281	146,856

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	0	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	0	0	0	NA	NA	NA

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

Total Revenue from Water Sales	0	0	0	NA	NA	NA
Total Revenue from Sewage Sales	0	0	0	NA	NA	NA

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

Group Average Sales per thousand Gallons Water	$40.43905	$1,510.62899	$1,842.80047	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$34.24740	$1,202.09823	$1,724.69791	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				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 %	31.03%	37.45%	27.06%	16.83%	238.02%
Group average FBA %	62.21%	62.32%	64.31%	65.07%	70.08%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	62.21%	36.34%	37.00%

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

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2005 2006 2007 2008 2009

Municipality 93.41% 96.42% 96.72% 96.38% 96.75%

Pop. Group 96.85% 96.72% 96.76% 96.72% 97.20%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

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

	2005	2006	2007	2008	2009
Municipality	93.41%	96.42%	96.72%	96.38%	96.75%
Pop. Group	96.85%	96.72%	96.76%	96.72%	97.20%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

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

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2005 2006 2007 2008 2009

Municipality 0 0 0 0 0

Pop. Group 162 162 149 152 158

Statewide 505 495 478 456 455

Municipal Population Group: 2,500 to 4,999

	2005	2006	2007	2008	2009
Municipality	0	0	0	0	0
Pop. Group	162	162	149	152	158
Statewide	505	495	478	456	455

Municipal Population Group: 2,500 to 4,999

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2005 2006 2007 2008 2009

Property Tax $194 203 199 196 224

Utility 253 260 2 0 0

Sales Tax 101 107 112 108 93

Sales & Services 80 54 54 62 65

Intergovernmental 69 71 70 80 80

Debt Proceeds 21 9 34 16 22

Other Miscellaneous 69 60 78 93 30

Total $787 764 549 555 514

	2005	2006	2007	2008	2009
Property Tax	$194	203	199	196	224
Utility	253	260	2	0	0
Sales Tax	101	107	112	108	93
Sales & Services	80	54	54	62	65
Intergovernmental	69	71	70	80	80
Debt Proceeds	21	9	34	16	22
Other Miscellaneous	69	60	78	93	30
Total	$787	764	549	555	514

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2009
2009

Category Revenue
Per Capita

Property Tax $1,110,997
$224

Water/Sewer 0
0

Electric 0
0

Utility 0
0

Sales Tax 456,306
93

Sales & Services 321,350
65

Intergovernment 398,360
80

Debt Proceeds 109,989
22

Miscellaneous 149,594
30

Total $2,546,596
$514

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

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2009
2009

Category Expenditures
Per Capita

General Government $503,841
$101

Water/Sewer 43,005
9

Electric 0
0

Other Utilities 0
0

Debt Service 198,429
40

Transportation 632,982
128

Public Safety 793,406
160

Other 781,506
158

Total $2,953,169
$596

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

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $994,137
$201

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 225,520
46

Other Operating 1,733,512
349

Total $2,953,169
$596

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

Last Updated 6/11/2010 9:41:14 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$1,110,997	$224
Water/Sewer	0	0
Electric	0	0
Utility	0	0
Sales Tax	456,306	93
Sales & Services	321,350	65
Intergovernment	398,360	80
Debt Proceeds	109,989	22
Miscellaneous	149,594	30
Total	$2,546,596	$514

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Erwin

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Erwin