North Carolina
Department of State Treasurer
Financial Information
Town of Fairmont

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

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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year

Municipality Revenues and Expenditures Financial Profile Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$763,246	719,958	672,227	698,847	709,146	681,517
		Utility	1,078,798	1,079,017	1,201,133	850,353	873,249	846,146
		Sales Tax	463,579	466,873	510,012	529,613	521,314	476,570
		Sales & Services	225,189	221,037	234,819	246,247	221,346	222,744
		Intergovernmental	973,202	512,287	778,959	771,970	1,327,771	566,996
		Debt Proceeds	46,500	-	-	38,406	27,667	26,792
		Other Miscellaneous	53,281	36,843	43,479	91,003	97,656	82,642
		Total	$3,603,795	3,036,015	3,440,629	3,226,439	3,778,149	2,903,407

	Expenditures by Function
		Utility	$857,149	918,521	806,805	714,906	1,006,229	765,078
		Debt Service	198,711	198,579	198,879	222,927	204,057	190,824
		Transportation	276,512	245,993	393,291	324,603	212,347	202,023
		General Government	416,884	403,237	398,492	405,335	273,564	245,527
		Public Safety	1,055,528	837,536	945,068	966,328	1,262,948	750,198
		Other	899,120	545,657	1,062,403	678,733	1,198,676	690,772
		Total	$3,703,904	3,149,523	3,804,938	3,312,832	4,157,821	2,844,422

	Expenditures by Object
		Salaries & Wages	$1,490,387	1,465,933	1,504,725	1,455,318	1,338,536	1,199,089
		Capital Outlay	200,999	-	206,739	168,511	802,849	189,267
		Other Operating + Debt Service	2,012,518	1,683,590	2,093,474	1,689,003	2,016,436	1,456,066
		Total	$3,703,904	3,149,523	3,804,938	3,312,832	4,157,821	2,844,422


	Per Capita Revenues by Source
		Property Tax	$286	261	244	255	259	249
		Utility	404	391	437	310	319	310
		Sales Tax	174	169	186	193	190	174
		Sales & Services	84	80	85	90	81	82
		Intergovernmental	365	185	283	281	485	208
		Debt Proceeds	17	-	-	14	10	10
		Other Miscellaneous	20	13	16	33	36	30
		Total	$1,350	1,099	1,251	1,176	1,380	1,063

	Per Capita Expenditures by Function
		Utility	$321	332	293	261	368	280
		Debt Service	74	72	72	81	75	70
		Transportation	104	89	143	118	78	74
		General Government	157	147	145	148	99	89
		Public Safety	395	303	344	352	461	275
		Other	337	197	386	247	438	253
		Total	$1,388	1,140	1,383	1,207	1,519	1,041

	Per Capita Expenditures by Object
		Salaries & Wages	$558	531	547	530	489	439
		Capital Outlay	75	-	75	61	293	69
		Other Operating	755	609	761	616	737	533
		Total	$1,388	1,140	1,383	1,207	1,519	1,041

	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	122	120	120	124	123
		Average Population In Group	4,793	4,664	4,697	4,793	4,727	4,663
		Town of Fairmont Population	2,669	2,763	2,751	2,744	2,737	2,732
	Group Average Per Capita Revenues by Source
		Property Tax	352	342	346	336	310	306
		Utility	539	323	315	313	317	332
		Sales Tax	125	125	144	160	159	152
		Sales & Services	144	85	82	78	76	71
		Intergovernmental	251	198	179	175	172	159
		Debt Proceeds	107	53	152	111	24	28
		Other Miscellaneous	144	120	157	179	229	189
		Total	1,662	1,246	1,375	1,352	1,287	1,237

	Group Average Per Capita Expenditures by Function
		Utility	423	419	414	370	332	305
		Debt Service	79	103	100	102	96	98
		Transportation	89	95	95	110	111	112
		General Government	167	179	185	169	159	156
		Public Safety	303	323	318	318	310	280
		Other	240	220	219	230	235	209
		Total	1,301	1,339	1,331	1,299	1,243	1,160

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	450	431	429	414	405	390
		Capital Outlay	226	325	317	279	252	205
		Other Operating	624	583	585	606	584	564
		Total	1,300	1,339	1,331	1,299	1,241	1,159


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$0	1,823,236	1,814,655	1,890,535	2,130,025	1,718,083
	General Fund expenditures		-	1,878,228	2,118,156	2,121,573	2,196,186	1,598,073
	Operating transfers in		-	-	132,000	-	-	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	-	120,000	-	86,350	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		-	(54,992)	(51,501)	(231,038)	20,189	120,010

	Fund balance available (FBA):
		In dollars	$0	250,748	301,243	352,809	595,191	585,989
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	13.35	15.08	16.63	28.21	36.67
		Group weighted average FBA %	104.97	67.39	70.26	65.07	64.31	62.32
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$0	(44,916)	(3,739)	(64,785)	(1,231)	97,253
		Quick ratio	0.00	0.53	0.70	0.31	0.79	1.47
		Net income	0	(193,411)	162,965	(213,744)	(212,327)	(162,558)
		Cashflow from operations	0	150,461	426,721	182,681	182,532	217,932
		Depreciation & Amortization Expense	0	292,539	287,329	285,694	267,039	267,268



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

		Population at July 1st of the Previous Year	2,669	2,763	2,751	2,744	2,737	2,732
		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	$327,362	$399,323	$488,359	$686,868	$737,687	$801,787
		Investment Earnings	364	506	5,815	30,015	43,819	30,576
		Tax Rate Equivalent	0.0003	0.0005	0.0057	0.0293	0.0429	0.0267
		Tax Rate Equivalent Group weighted average	0.0027	0.0055	0.0130	0.0294	0.0437	0.0322
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2010	2005	2005	2005	2005	2005
		January 1, Prior Year Assessed Valuation	$106,866,239	101,014,641	102,471,275	102,610,825	102,103,277	114,457,929
		Tax Rate	0.6900	0.6900	0.6900	0.6900	0.6900	0.6900
		Tax Rate Group weighted average	0.2778	0.2552	0.2697	0.2669	0.3116	0.3191
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	100.00	98.47	84.40	89.72	90.46	97.30
		Assessment -to-Sales Ratio Group weighted average	102.19	102.84	92.17	90.92	83.51	91.52
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$106,866,239	102,584,179	121,411,463	114,367,839	112,871,188	117,634,048
		EffectiveTax Rate	0.6900	0.6794	0.5824	0.6191	0.6242	0.6714
		Group weighted average Effective Tax Rate	0.2838	0.2624	0.2486	0.2427	0.2602	0.2921
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	87.5800	88.7700	86.6200	88.9500	100.0000	89.5200
		Percent Collected Group weighted average	96.58	95.40	95.41	95.81	96.70	96.72
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	88.80	89.96	87.33	87.38	100.00	87.90
		Percent Collected Excluding Motor Vehicles Group weighted average	97.33	97.43	97.55	98.06	97.99	98.08
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	77.29	80.42	81.89	100.00	100.00	100.00
		Percent Collected Motor Vehicles Only Group weighted average	85.29	85.60	85.23	85.75	86.04	86.22
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	149,869	147,132	167,379	166,415	89,630	175,830
		Tax Rate Equivalent	0.1402	0.1457	0.1633	0.1622	0.0878	0.1536
		Dominant County: Robeson
	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	$2,698,500	2,742,000	2,783,500	2,823,500	2,862,000	2,898,500
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	2,698,500	2,742,000	2,783,500	2,823,500	2,862,000	2,898,500
		Per Capita	$1,011	992	1,012	1,029	1,046	1,061
		Total Per Capita for the Population Group	113	107	158	152	149	162
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	2.5251%	2.6729%	2.2926%	2.4688%	2.5356%	2.4640%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0898%	0.0802%	0.1078%	0.1101%	0.1223%	0.1565%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt

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


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		2,669	2,763	2,751	2,744	2,737	2,732

1.5A	FISCAL	Governmental Activities Assets	2,076,729	2,104,166	2,266,772	2,210,176	1,951,809	1,531,367
1.5B	SUMMARY	Governmental Activities Liabilities	370,763	283,966	264,211	173,687	178,265	88,897
3.5A		Business Type Activities Assets	9,228,810	9,496,177	9,761,764	9,655,334	9,919,797	9,946,808
3.5B		Business Type Activities Liabilties	2,950,261	3,021,601	3,093,777	3,150,312	3,201,031	3,015,715
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	635,575	624,961	596,008	627,144	639,708	659,982
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	106,109	78,076	64,253	57,492	53,771	14,320
13.0		Penalties and Interest	21,562	16,921	11,966	14,211	15,667	7,215
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax	463,579	466,873	510,012	529,613	521,314	476,570
17.0		1/2% Local Government Option Sales Tax (40)
18.0		1/2% Local Government Option Sales Tax (42)
18.5		1/2% Local Government Option Sales Tax (44)
19.0		Privilege Licenses	33,605	26,337	12,139	12,205	23,285	33,962
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	19,312
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government			76,181	78,296	352,699	28,321
30.0		Public Safety
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.		171,212	333,392	28,842	374,662	256,374
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional 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	120,407	137,633	113,185	105,855	105,846	92,646
45.0		Beer and Wine Tax	12,178	3,924	12,323	12,608	12,345	12,067
46.0		Powell Bill	88,385	88,533	99,936	111,804	100,278	102,363
50.0		Court Fees - Facilities and Arrest Fees	5,030	5,027	8,185	8,314	7,903	5,583
51.0		General Government	197,505
52.0		Public Safety
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection
56.0		Econ. & Phys. Dev. - Housing/Community Dev	549,697				37,500	18,750
57.0		Econ. & Phys. Dev. - All Other			34,959	22,371	316,930
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation		105,958	100,798	403,880
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development					19,608	50,892
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits	1,415	1,015	1,655	1,285	2,100	1,945
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties			13,740	24,585
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	223,774	220,022	219,424	220,377	219,246	220,799
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services
86.0	UTILITY	Water and Sewer Charges	1,078,798	1,079,017	1,201,133	850,353	873,249	846,146
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	364	506	5,815	30,015	43,819	30,576
91.0		Special Assessments
92.0		Private Contributions and Donations			12,425	21,226	7,827	3,214
93.0		Sales of Materials and Fixed Assets			100	27,557	9,725	9,690
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution		10,000	13,000		13,000	5,200
98.0		Other Miscellaneous Revenues				38,406	27,667	26,792
99.0		Proceeds of Sale of Bonds and Notes	46,500
100.0		Proceeds of Capital Leases/Install Purchases
101.0		Other	41,385	37,450	58,694
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	12,064	12,088	12,125	12,130	12,064	12,077
109B	GENERAL	Governing Body - Other Direct	956	1,695	813	2,344	717	934
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	60,033	117,903	116,924	116,223	41,938	38,847
110B		Administration - Other Direct	5,972	11,186	9,416	12,248	7,882	4,864
110C		Administration - Construction
110D		Administration - Purchase of P,P&E
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages	106,245	69,983	69,043	68,076	64,356	61,362
112B		Finance - Other Direct	28,509	9,800	9,937	7,899	8,020	14,497
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages	40,849	40,313	39,972	39,559	37,229	34,483
113B		Taxes - Other Direct	4,217	3,302	4,400	3,277	3,045	4,029
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct	30,405	12,707	8,606	13,670	15,984	23,155
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages	35,026	42,583	43,800	44,022	16,426
115B		Public Buildings - Other Direct	84,857	71,767	78,591	85,887	65,903	51,279
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages		3,328	979
118B		Gen. Govt. All Other - Other Direct	7,751	6,582	3,886
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	682,168	642,815	687,596	656,622	624,383	550,882
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	104,626	128,180	114,076	118,107	96,152	87,278
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	200,999		8,393	64,696	86,593	42,492
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	26,244	30,736	28,684	22,086	10,866	5,588
122B		Fire - Other Direct	39,924	35,805	38,991	25,204	34,819	48,619
122C		Fire - Construction
122D		Fire - Purchase of P,P&E			47,551	60,765	392,919
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
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages	47,460
128B		Streets and Highways - Other Direct	130,729	121,836	120,022
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E			24,014
129A		Street Cleaning - Salaries & Wages				57,484	10,889	6,854
129B		Street Cleaning - Other Direct				117,953	98,229	102,532
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E					14,733
130A		Powell Bill - Salaries & Wages	7,097	56,966	55,155		60,558	63,484
130B		Powell Bill - Other Direct	44,843	67,191	43,299	102,167	27,938	29,153
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E			102,932
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages	46,038		47,404	46,530
135B		Transpor. All Other - Other Direct	345		465	469
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages
136B	MENTAL	Solid Waste - Other Direct	232,400	240,526	235,236	248,139	207,994	179,241
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages				1,840	5,196	80,906
140B	& PHYSICAL	Planning & Zoning - Other Direct				8,619	3,188	10,819
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages	8,170	19,633	17,371
141B		Economic Development - Other Direct	100,493	131,303	123,388		301,800
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E			5,310
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct	558,057		333,392	28,842	391,649	272,801
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages				18,878	82,257
145B		Econ. Dev. All Other - Other Direct				148,161	206,592	147,005
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages
153B	RECREATION	Recreation & Parks - Other Direct		154,195	347,706	224,254
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	418,993	429,585	385,672	371,868	372,374	344,606
158B		Water & Sewer - Other Direct	438,156	488,936	402,594	299,988	325,251	273,697
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E			18,539	43,050	308,604	146,775
159A		Electric Power - Salaries & Wages
159B		Electric Power - Other Direct
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E
160A		Natural Gas - Salaries & Wages
160B		Natural Gas - Other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Purchase of P,P&E
161.1A		Storm Water - Salaries & Wages
161.1B		Storm Water - Other Direct
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees	69,252	132,421	135,269	138,004	137,102	132,008
161D	SERVICE	Water & Sewer - Principal	129,459	66,158	63,610	61,107	48,393	35,000
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					6,669	3,705
166D		All Other - Principal				23,816	11,893	20,111
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	1,567		19,777	18,848	17,216	15,339
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	648,479.	606,170.00	604,980.00	621,900.00	610,130.00	639,773.00
180.0		Current year's levy -- Motor vehicles (only)	77,256.	86,252.00	90,736.00	87,954.00	89,630.00	98,440.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	72,613.	60,880.00	76,643.00	78,461.00	0.00	77,390.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	17,548	16,891	16,433
183.0	DATA	Percentage of Taxes Collected - All Property %	87.58	88.77	86.62	88.95	100.00	89.52
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	88.80	89.96	87.33	87.38	100.00	87.90
185.0		Percentage of Taxes Collected - Motor Vehicles %	77.29	80.42	81.89	100.00	100.00	100.00
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	327,362	399,323	488,359	686,868	737,687	801,787
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures Made During FY - B(1) - B(7)
191.0		Investment in Property - B(1) - B(4)
192.0		Amount Expended During FY - B(5) and B(7)
193.0		Amount of Tax Revenues Taken Into Account
194A	PART 9	Amount - Total Revenues	3,645,180	3,073,465	3,499,323	3,226,439	3,778,149	2,903,407
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues	3,645,180	3,073,465	3,499,323	3,226,439	3,778,149	2,903,407
		Calculated amount	3,645,180	3,073,465	3,499,323	3,226,439	3,778,149	2,903,407
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	3,703,904	3,149,523	3,804,938	3,312,832	4,157,821	2,844,422
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures	3,703,904	3,149,523	3,804,938	3,312,832	4,157,821	2,844,422
		Calculated amount	3,703,904	3,149,523	3,804,938	3,312,832	4,157,821	2,844,422
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water			87
402B	Operations	Amount processed and/or purchased in units Sewer			122
403A		Total amount billed in units - Water			53
403B		Total amount billed in units - Sewer			64
404A		Of the total in 403A above how many units were Residential W			50
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			387,058
408A		Dollars related to 403A above			448,430
408B		Dollars related to 403B above			329,889
409A		Dollars related to 404A above			385,650
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			1,050
421A		Number of residential accounts billed - Water			1,075
421B		Number of residential accounts billed - Sewer			182
422A		Number of non-residential & bulk accounts billed - Water			176
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Linda Vause
951.0		Title	Finance Officer
952.0		Date	01/12/2012	01/19/2011	01/05/2010	12/16/2008	12/26/2007	12/29/2006
953.0		Contact
954.0		Title
955.0		Phone	9106289766 ext 14
956.0		Fax	9106286025
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	2,669	2,763	2,751	2,744	2,737	2,732
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	1,078,941	1,201,133	850,353	873,249	846,146
Total Operating Revenues Per Capita	$0	390	437	310	319	310
Group Weighted Average Revenues Per Capita	17	261	244	235	242	255
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	111.72%	89.55%	112.61%	110.47%	104.66%
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	0.00%	-11.72%	10.45%	-12.61%	-10.47%	-4.66%
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%	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	0.00%	0.00%	10.99%	0.00%	0.00%	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	0.00%	-23.99%	-11.79%	-28.53%	-24.31%	-19.21%
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	N/A	0.53	0.70	0.31	0.79	1.47
Group Weighted Average	3.75	2.97	3.21	3.12	3.25	3.67
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	27.7	17.8	23.7	0.0	24.3
Group Weighted Average	3.4	59.4	63.6	54.7	55.3	55.7
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	3.3	28.7	0.0	29.8	69.8
Group Weighted Average	-50.1	424.6	493.9	540.8	562.2	488.8
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$0	150,461	426,721	182,681	182,532	217,932

Debt to Equity	0.00	0.45	0.44	0.46	0.46	0.42
Group Weighted Average	0.38	0.31	0.30	0.25	0.26	0.25
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	1,047	1,076	1,102	1,127	1,068
Group Weighted Average	20	384	357	309	307	288
State Weighted Average	8	897	783	781	761	733

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

	2005	2004	2003	2002
	$0	0	10,276	8,200

Capital Contributions: Excluded from income above	$0	65,403	304,550	28,842	0	0


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	0	0	87	0	0	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	122	0	0	NA

Number of Gallons of Water Billed (000) omitted	0	0	53	0	0	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	64	0	0	NA

Ratio of Water Billed to Water Processed			0.60575			NA
Ratio of Sewage Billed to Sewage Processed			0.52288			NA

Total Revenue from Water Sales	0	0	387,058	0	0	NA
Total Revenue from Sewage Sales	0	0	448,430	0	0	NA

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

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

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

Residential Water Sales per thousand Gallons			6,597.78000			NA
Residential Sewage Sales per thousand Gallons			8,646.86099			NA

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

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

Financial Graphs and Comparisons

Analysis of Available Fund Balance: General Fund
Analysis of Property Tax Collection %
Analysis of General Obligation Debt
Analysis of Revenue (5 years)
Analyis of Revenue (most recent fiscal year)
Analysis of Expenditures by Function
Analysis of Expenditures by Object

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	28.21%	16.63%	15.08%	13.35%	0.00%
Group average FBA %	64.31%	65.07%	70.26%	67.39%	104.97%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	64.31%	37.47%	29.01%

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

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2007 2008 2009 2010 2011

Municipality 100.00% 88.95% 86.62% 88.77% 87.58%

Pop. Group 96.70% 95.81% 95.41% 95.40% 96.58%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

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

	2007	2008	2009	2010	2011
Municipality	100.00%	88.95%	86.62%	88.77%	87.58%
Pop. Group	96.70%	95.81%	95.41%	95.40%	96.58%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

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

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2007 2008 2009 2010 2011

Municipality 1,046 1,029 1,012 992 1,011

Pop. Group 149 152 158 107 113

Statewide 478 456 455 449 450

Municipal Population Group: 2,500 to 4,999

	2007	2008	2009	2010	2011
Municipality	1,046	1,029	1,012	992	1,011
Pop. Group	149	152	158	107	113
Statewide	478	456	455	449	450

Municipal Population Group: 2,500 to 4,999

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2007 2008 2009 2010 2011

Property Tax $259 255 244 261 286

Utility 319 310 437 391 404

Sales Tax 190 193 186 169 174

Sales & Services 81 90 85 80 84

Intergovernmental 485 281 283 185 365

Debt Proceeds 10 14 0 0 17

Other Miscellaneous 36 33 16 13 20

Total $1,380 1,176 1,251 1,099 1,350

	2007	2008	2009	2010	2011
Property Tax	$259	255	244	261	286
Utility	319	310	437	391	404
Sales Tax	190	193	186	169	174
Sales & Services	81	90	85	80	84
Intergovernmental	485	281	283	185	365
Debt Proceeds	10	14	0	0	17
Other Miscellaneous	36	33	16	13	20
Total	$1,380	1,176	1,251	1,099	1,350

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2011
2011

Category Revenue
Per Capita

Property Tax $763,246
$286

Water/Sewer 0
0

Electric 1,078,798
404

Other Utilities 0
0

Sales Tax 463,579
174

Sales & Services 225,189
84

Intergovernment 973,202
365

Debt Proceeds 46,500
17

Miscellaneous 53,281
20

Total $3,603,795
$1,350

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

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2011
2011

Category Expenditures
Per Capita

General Government $416,884
$157

Water/Sewer 0
0

Electric 857,149
321

Other Utilities 0
0

Debt Service 198,711
74

Transportation 276,512
104

Public Safety 1,055,528
395

Other 899,120
337

Total $3,703,904
$1,388

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

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $1,490,387
$558

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 200,999
75

Other Operating 2,012,518
755

Total $3,703,904
$1,388

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

Last Updated 2/5/2012 2:08:41 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$763,246	$286
Water/Sewer	0	0
Electric	1,078,798	404
Other Utilities	0	0
Sales Tax	463,579	174
Sales & Services	225,189	84
Intergovernment	973,202	365
Debt Proceeds	46,500	17
Miscellaneous	53,281	20
Total	$3,603,795	$1,350

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Fairmont

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Fairmont