North Carolina
Department of State Treasurer
Financial Information
Town of Eureka

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			2008	2007	2006	2005	2004	2003
	Revenues by Source
		Property Tax	$49,669	48,517	47,200	47,135	43,688	43,079
		Utility	68,996	69,100	60,138	50,275	50,394	48,121
		Sales Tax	25,998	28,052	27,297	26,743	25,721	23,093
		Sales & Services	34,882	38,247	35,751	48,800	27,194	28,671
		Intergovernmental	546,507	646,423	43,521	352,626	190,895	641,352
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	19,409	21,223	9,992	7,606	8,134	19,336
		Total	$745,461	851,562	223,899	533,185	346,026	803,652

	Expenditures by Function
		Utility	$111,024	192,151	118,656	73,389	56,022	26,372
		Debt Service	-	-	-	-	-	10,044
		Transportation	41,344	10,007	15,595	24,082	14,848	14,140
		General Government	48,337	54,746	42,648	41,916	43,121	44,547
		Public Safety	17,321	17,842	17,097	17,667	7,621	6,389
		Other	556,354	663,885	47,450	359,769	193,170	635,179
		Total	$774,380	938,631	241,446	516,823	314,782	736,671

	Expenditures by Object
		Salaries & Wages	$31,049	30,098	28,222	29,277	28,016	23,597
		Capital Outlay	531,963	636,052	28,651	6,670	1,485	472
		Other Operating + Debt Service	211,368	272,481	184,573	480,876	285,281	712,602
		Total	$774,380	938,631	241,446	516,823	314,782	736,671


	Per Capita Revenues by Source
		Property Tax	$210	204	197	196	182	179
		Utility	291	290	251	209	210	200
		Sales Tax	109	118	113	113	108	96
		Sales & Services	147	161	149	203	113	119
		Intergovernmental	2,306	2,716	181	1,469	795	2,661
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	82	89	42	32	34	80
		Total	$3,145	3,578	933	2,222	1,442	3,335

	Per Capita Expenditures by Function
		Utility	$468	807	494	306	233	109
		Debt Service	-	-	-	-	-	42
		Transportation	174	42	65	100	62	59
		General Government	205	231	178	174	180	184
		Public Safety	73	75	71	74	32	27
		Other	2,347	2,789	198	1,499	805	2,636
		Total	$3,267	3,944	1,006	2,153	1,312	3,057

	Per Capita Expenditures by Object
		Salaries & Wages	$131	126	118	122	117	98
		Capital Outlay	2,245	2,672	119	28	6	2
		Other Operating	891	1,146	769	2,003	1,189	2,957
		Total	$3,267	3,944	1,006	2,153	1,312	3,057

	Population Group		No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
		Number of Municipalites in Group	117	117	119	121	124	126
		Average Population In Group	260	259	260	262	266	267
		Town of Eureka Population	237	238	240	240	240	241
	Group Average Per Capita Revenues by Source
		Property Tax	478	467	472	449	472	437
		Utility	337	340	379	292	291	261
		Sales Tax	149	157	148	145	134	116
		Sales & Services	64	62	68	50	62	65
		Intergovernmental	507	467	331	618	491	397
		Debt Proceeds	62	59	274	13	96	23
		Other Miscellaneous	257	238	250	212	230	253
		Total	1,854	1,790	1,922	1,779	1,776	1,552

	Group Average Per Capita Expenditures by Function
		Utility	796	471	528	445	399	436
		Debt Service	126	83	175	151	82	75
		Transportation	191	145	154	172	151	117
		General Government	290	295	305	288	295	273
		Public Safety	240	213	239	212	252	221
		Other	329	486	291	528	402	297
		Total	1,972	1,693	1,692	1,796	1,581	1,419

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	378	363	369	327	348	298
		Capital Outlay	763	453	500	456	500	423
		Other Operating	831	877	823	1,013	733	698
		Total	1,972	1,693	1,692	1,796	1,581	1,419


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$148,254	152,987	136,508	146,208	119,971	130,580
	General Fund expenditures		136,287	117,716	95,993	106,968	83,257	81,292
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		52,685	-	-	-	-	36,300
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(40,719)	35,271	40,515	39,240	36,714	12,988

	Fund balance available (FBA):
		In dollars	$285,748	331,657	331,398	292,872	258,886	224,639
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	151.21	281.74	345.23	273.79	310.95	191.03
		Group weighted average FBA %	115.47	118.43	122.45	109.03	128.31	118.72
		State weighted average Non-Electric Group	36.47	37.14	36.51	36.90	36.42	36.42
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	($152,344)	(164,395)	(42,055)	16,006	38,884	44,355
		Quick ratio	0.47	0.77	0.68	1.29	2.86	45.94
		Net income	518,110	481,098	(56,823)	(48,671)	(31,379)	34,670
		Cashflow from operations	(94,919)	(33,623)	(12,811)	5,797	9,554	20,502
		Depreciation & Amortization Expense	20,759	25,326	25,559	25,793	25,908	28,820



Cash, Investments and Financing Go to top of page			2008	2007	2006	2005	2004	2003

		Population at July 1st of the Previous Year	237	238	240	240	240	241
		Population Group	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
		Cash &Investments	$363,115	389,948	387,893	358,931	312,267	258,285
		Investment Earnings	12,612	13,451	3,323	2,036	1,551	2,914
		Tax Rate Equivalent	0.1365	0.1510	0.0368	0.0226	0.0169	0.0429
		Tax Rate Equivalent Group weighted average	0.0397	0.0508	0.0318	0.0173	0.0098	0.0129
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2003	2003	2003	2003	2003	1995
		January 1, Prior Year Assessed Valuation	$9,236,856	8,906,500	9,017,793	9,001,635	9,180,945	6,787,571
		Tax Rate	0.5400	0.5200	0.5400	0.5000	0.5700	0.5700
		Tax Rate Group weighted average	0.2676	0.3651	0.3049	0.3181	0.3240	0.3336
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	87.95	90.83	94.52	98.22	99.87	74.50
		Assessment -to-Sales Ratio Group weighted average	87.73	75.64	81.67	87.64	94.38	82.33
		Assessment -to-Sales Ratio Statewide	88.52	88.41	92.28	92.35	92.18	89.54
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$10,502,395	9,805,681	9,540,619	9,164,768	9,192,896	9,110,834
		EffectiveTax Rate	0.4749	0.4723	0.5104	0.4911	0.5693	0.4247
		Group weighted average Effective Tax Rate	0.2348	0.2762	0.2490	0.2788	0.3058	0.2746
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	91.68	91.10	89.19	91.02	82.92	87.80
		Percent Collected Group weighted average	96.62	97.25	97.71	97.79	97.61	89.81
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	94.04	94.30	91.75	92.46	88.07	91.15
		Percent Collected Excluding Motor Vehicles Group weighted average	97.13	97.74	98.29	98.48	98.45	98.35
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.66	98.59	98.61	98.36	98.26	98.31
		Percent Collected Motor Vehicles Only	79.46	75.14	75.06	82.99	60.49	75.10
		Percent Collected Motor Vehicles Only Group weighted average	84.84	83.54	84.25	84.13	83.78	84.50
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	1,978	4,845	5,962	4,452	8,875	5,258
		Tax Rate Equivalent	0.0214	0.0544	0.0661	0.0495	0.0967	0.0775
		Dominant County: Wayne
	Debt Information
		Population Group	Under 500	Under 500	Under 500	Under 500	Under 500	Under 500
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	0	0	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	155	201	217	236	300	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0794%	0.1282%	0.1208%	0.1597%	0.2110%	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%	#N/A
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	0	0	0	0	0	0
		Total*	$0	0	0	0	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		237	238	240	240	240	241

1A	Non GASB34	General Fund Assets						246,841
1B	FISCAL	General Fund Liabilities						15,725
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						238,029
3B		Enterprise Liabilities						987
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	367,873	409,906	374,941	331,419	292,262
1.5B	FISCAL	Governmental Activities Liabilities	21,266	22,579	22,886	19,879	19,962
3.5A	SUMMARY	Business Type Activities Assets	1,389,136	1,309,238	177,266	212,232	226,611
3.5B		Business Type Activities Liabilties	289,759	727,971	103,894	55,239	20,948
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						220,172
9B		General Long term debt - Liabilities
10	PART 2	Current collections of unit-wide levy	45,331	47,309	43,643	40,971	38,474	33,184
11	TAX	Current collection of special tax districts	6,716	6,891	5,714	4,567	5,595	5,826
12	REVENUES	Prior years' levy collections	3,560		2,688	5,674	4,553	8,322
13		Penalties and interest	778	1,208	869	490	661	1,573
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	9,414	9,984	10,075	9,360	9,019	11,547
17		1/2% Local government sales and use taxes (Article 40)	5,983	6,529	6,144	6,085	5,853	5,773
18		1/2% Local government sales and use taxes (Article 42)	5,942	6,486	6,107	6,037	5,806	5,773
18.5		1/2% Local government sales and use taxes (Article 44)	4,659	5,053	4,971	5,261	5,043
19		Licenses Privilege
19.1		Privilege - Occupational & business licensing & permit taxes
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	81	881	955	1,003	988	1,210
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	10,783	9,814	8,735	8,129	8,069	8,539
45		Beer and Wine tax	300	290	268	260	247	235
46		Powell Bill	8,355	7,555	7,721	7,771	7,075	7,820
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees
51		General Government
52		Public safety
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection	527,069	628,764	26,797	336,466	175,504	624,758
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties
76		Airport
77		Fire protection charges
78		Solid waste	18,909	19,150	16,695	16,812	15,931	14,827
79		Ambulance and rescue squad charges
80		Cemeteries	8,400	10,800	12,400	23,325	5,225	4,400
81		Recreation service revenues
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services	7,573	8,297	6,656	8,663	6,038	9,444
86	UTILITY	Water and sewer charges	68,996	69,100	60,138	50,275	50,394	48,121
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	12,612	13,451	3,323	2,036	1,551	2,914
91		Special assessments
92		Private contribution and donations						100
93		Sales of materials and fixed assets						9,286
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
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases
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
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	3,500	3,490	2,960	2,350	1,815	1,696
109B	GENERAL	Governing body - All other Direct
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries
110B		Administration - All other Direct					3,766
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct					524
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries	20,619	20,008	18,662	18,373	17,751	13,451
112B		Finance - All other Direct	23,745	29,930	18,642	19,473	17,056	28,678
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures			1,854	507	25	472
113A		Taxes - Salaries
113B		Taxes - All other Direct					225	250
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	473	1,318	530	1,213	1,959
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries
119B	SAFETY	Police and Communications - All other Direct	10,821	11,342	10,597	11,167	2,821	2,661
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries
122B		Fire - All other Direct	6,500	6,500	6,500	6,500	4,800	3,428
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct						300
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
128B		Streets and Highways - All other Direct	38,789	10,007	15,595	24,082	14,848	14,140
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures	2,555
129A		Street Cleaning - Salaries
129B		Street Cleaning - All other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures
130A		State Street Aid Allocation - Powell Bill - Salries
130B		State Street Aid Allocation - Powell Bill - All other Direct
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	17,484	17,449	16,744	15,702	15,378	15,726
136C	PROTECTION	Solid Waste - Construction	527,069	628,764	26,797
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	5,518	6,077	232	300	403	557
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures				6,163	1,460
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - All other Direct
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries
153B	RECREATION	Recreation and Parks - All other Direct	3,944	4,307	3,677	1,138	425	822
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	2,339	7,288
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	6,930	6,600	6,600	8,554	8,450	8,450
158B		Water and Sewer - All other Direct	104,094	185,551	112,056	64,835	47,572	17,922
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures
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						547
161D	SERVICE	Water and Sewer - Debt Service Principal Payments						9,497
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
166D		All Other - Debt Service Principal Payments
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)
172B		Fringe Benefits Other - (B)						-888
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				Fremont Capital Project158	Fremont Capital Project	Fremont Sewer Capital Project
176B		Others - 1 (B)				158	158	158
176C		Others - 1 (C)				336,466	175,504	618,962
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	47,590	45,380	46,673	42,071	42,272	34,103
180	OTHER	Current Year Levy Motor Vehicles Only	9,180	9,084	8,461	7,521	9,694	8,999
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	2,837	2,587	3,852	3,173	5,045	3,017
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	1,886	2,258	2,110	1,279	3,830	2,241
183		Percentage of Taxes Collected - Current Year All Property	91.68	91.10	89.19	91.02	82.92	87.80
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	94.04	94.30	91.75	92.46	88.07	91.15
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	79.46	75.14	75.06	82.99	60.49	75.10
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	363,115	389,948	387,893	358,931	312,267	258,285
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	745,461	851,562	223,899	533,185	346,026	839,952
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in						36,300
194D		Amounts - Net Revenues per AFIR	745,461	851,562	223,899	533,185	346,026	803,652
		Calculated amount	745,461	851,562	223,899	533,185	346,026	803,652
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	774,380	938,631	241,446	516,823	314,782	772,971
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out						36,300
195D		Amounts Net Expenditures per AFIR	774,380	938,631	241,446	516,823	314,782	736,671
		Calculated amount	774,380	938,631	241,446	516,823	314,782	736,671
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Steve Howell
951		Title of Official	Mayor
952		Date Certified	02/03/2009	03/17/2008	11/28/2006
953		Person to Contact	Reta Chase
954		Title of Person to Contact	Town Clerk
955		Telephone Number	919-242-5064
956		Facsimile Number

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

	2008	2007	2006	2005	2004	2003

Population	237	238	240	240	240	241
Population Group	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
Total Operating Revenues	$68,996	69,100	60,138	50,275	50,394	48,121
Total Operating Revenues Per Capita	$291	290	251	209	210	200
Group Weighted Average Revenues Per Capita	595	613	650	500	458	433
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	191.00%	314.73%	239.81%	197.28%	162.58%	114.69%
Group Weighted Average	108.83%	101.54%	96.89%	104.72%	113.88%	111.86%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	-91.00%	-214.73%	-139.81%	-97.28%	-62.58%	-14.69%
Group Weighted Average	-8.83%	-1.54%	3.11%	-4.72%	-13.88%	-11.86%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	76.36%	0.00%	0.00%	0.00%	0.00%	-1210.83%
Group Weighted Average	-37.54%	5.75%	11.19%	4.46%	-1.78%	-1.67%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	-12.99%	-213.70%	-139.05%	-96.81%	-62.27%	-1226.26%
Group Weighted Average	-49.57%	1.56%	12.89%	-5.37%	-12.02%	-13.35%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	0.47	0.77	0.68	1.29	2.86	45.94
Group Weighted Average	2.94	2.93	2.92	1.92	2.91	3.17
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	270.3	2,801.7	210.5	70.9	63.2	56.8
Group Weighted Average	60.9	93.0	57.8	67.2	65.9	57.3
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	245.5	101.1	160.2	307.4	334.8	447.3
Group Weighted Average	405.4	377.8	421.0	376.8	361.6	392.6
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	-$94,919	-33,623	-12,811	5,797	9,554	20,502

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.14	0.15	0.15	0.13	0.12	0.14
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	0	0	0	0	0	0
Group Weighted Average	855	883	920	611	531	577
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$0	0	0	0	0	0

	2002	2001	2000	1999
	$0	0	438	3,400

Capital Contributions: Excluded from income above	$527,069	628,764	26,797	0	0	624,758


Operating Statistics

Estimated population of the areas served Water	0	0	NA	NA	NA	NA
Estimated population of the areas served Sewer	0	247	NA	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	0	0	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	5,015	5,219	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	0	0	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	5,015	5,219	NA	NA	NA	NA

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

Total Revenue from Water Sales	0	0	NA	NA	NA	NA
Total Revenue from Sewage Sales	63,492	60,427	NA	NA	NA	NA

Water Revenue per 1000 gallons of Sales			NA	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales		244.64372	NA	NA	NA	NA

Group Average Sales per thousand Gallons Water	$3,526.31757	$3,934.54117	NA	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$2,331.22681	$2,500.46314	NA	NA	NA	NA

State Average Sales per thousand Gallons Water	$13,144.87654	$5,350.70834	NA	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$10,395.28087	$3,921.08643	NA	NA	NA	NA

Residential Water Sales per thousand Gallons			NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$12.64442	13.34167	NA	NA	NA	NA

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

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

	2004	2005	2006	2007	2008
Unit's FBA %	310.95%	273.79%	345.23%	281.74%	151.21%
Group average FBA %	128.31%	109.03%	122.45%	118.43%	115.47%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	128.31%	36.37%	36.20%

Municipal Population Group: No Electric 499 and Below

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2004 2005 2006 2007 2008

Municipality 82.92% 91.02% 89.19% 91.10% 91.68%

Pop. Group 97.61% 97.79% 97.71% 97.25% 96.62%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: No Electric 499 and Below

	2004	2005	2006	2007	2008
Municipality	82.92%	91.02%	89.19%	91.10%	91.68%
Pop. Group	97.61%	97.79%	97.71%	97.25%	96.62%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: No Electric 499 and Below

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2004 2005 2006 2007 2008

Municipality 0 0 0 0 0

Pop. Group 300 236 217 201 155

Statewide 548 505 495 478 456

Municipal Population Group: Under 500

	2004	2005	2006	2007	2008
Municipality	0	0	0	0	0
Pop. Group	300	236	217	201	155
Statewide	548	505	495	478	456

Municipal Population Group: Under 500

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2004 2005 2006 2007 2008

Property Tax $182 196 197 204 210

Utility 210 209 251 290 291

Sales Tax 108 113 113 118 109

Sales & Services 113 203 149 161 147

Intergovernmental 795 1,469 181 2,716 2,306

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 34 32 42 89 82

Total $1,442 2,222 933 3,578 3,145

	2004	2005	2006	2007	2008
Property Tax	$182	196	197	204	210
Utility	210	209	251	290	291
Sales Tax	108	113	113	118	109
Sales & Services	113	203	149	161	147
Intergovernmental	795	1,469	181	2,716	2,306
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	34	32	42	89	82
Total	$1,442	2,222	933	3,578	3,145

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2008
2008

Category Revenue
Per Capita

Property Tax $49,669
$210

Water/Sewer 68,996
291

Electric 0
0

Other Utilities 0
0

Sales Tax 25,998
109

Sales & Services 34,882
147

Intergovernment 546,507
2,306

Debt Proceeds 0
0

Miscellaneous 19,409
82

Total $745,461
$3,145

Municipal Population Group: No Electric 499 and Below

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2008
2008

Category Expenditures
Per Capita

General Government $48,337
$205

Water/Sewer 111,024
468

Electric 0
0

Other Utilities 0
0

Debt Service 0
0

Transportation 41,344
174

Public Safety 17,321
73

Other 556,354
2,347

Total $774,380
$3,267

Municipal Population Group: No Electric 499 and Below

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $31,049
$131

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 531,963
2,245

Other Operating 211,368
891

Total $774,380
$3,267

Municipal Population Group: No Electric 499 and Below

Last Updated 8/27/2009 7:13:49 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$49,669	$210
Water/Sewer	68,996	291
Electric	0	0
Other Utilities	0	0
Sales Tax	25,998	109
Sales & Services	34,882	147
Intergovernment	546,507	2,306
Debt Proceeds	0	0
Miscellaneous	19,409	82
Total	$745,461	$3,145

Municipal Population Group: No Electric 499 and Below

North CarolinaDepartment of State TreasurerFinancial InformationTown of Eureka

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Eureka