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

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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	$698,847	709,146	681,517	485,240	488,279	450,695
		Utility	850,353	873,249	846,146	871,893	723,968	778,021
		Sales Tax	529,613	521,314	476,570	454,097	415,445	343,412
		Sales & Services	244,962	219,246	220,799	236,863	242,551	253,153
		Intergovernmental	771,970	1,327,771	566,996	405,792	1,038,015	670,860
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	130,694	127,423	111,379	293,934	83,942	204,322
		Total	$3,226,439	3,778,149	2,903,407	2,747,819	2,992,200	2,700,463

	Expenditures by Function
		Utility	$714,906	1,006,229	765,078	708,836	627,434	781,425
		Debt Service	222,927	204,057	190,824	133,515	135,000	135,000
		Transportation	324,603	212,347	202,023	190,864	178,687	231,393
		General Government	405,335	273,564	245,527	229,291	275,295	219,143
		Public Safety	966,328	1,262,948	750,198	644,079	743,811	775,921
		Other	678,733	1,198,676	690,772	533,703	1,242,694	910,769
		Total	$3,312,832	4,157,821	2,844,422	2,440,288	3,202,921	3,053,651

	Expenditures by Object
		Salaries & Wages	$1,455,318	1,338,536	1,199,089	1,103,790	1,247,033	1,336,884
		Capital Outlay	168,511	802,849	189,267	-	16,929	44,134
		Other Operating + Debt Service	1,689,003	2,016,436	1,456,066	1,336,498	1,938,959	1,672,633
		Total	$3,312,832	4,157,821	2,844,422	2,440,288	3,202,921	3,053,651


	Per Capita Revenues by Source
		Property Tax	$255	259	249	183	184	170
		Utility	310	319	310	329	274	293
		Sales Tax	193	190	174	172	156	130
		Sales & Services	89	80	81	89	92	95
		Intergovernmental	281	485	208	153	392	253
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	48	47	41	111	32	77
		Total	$1,176	1,380	1,063	1,037	1,130	1,018

	Per Capita Expenditures by Function
		Utility	$261	368	280	267	237	295
		Debt Service	81	75	70	50	51	51
		Transportation	118	78	74	72	68	87
		General Government	148	99	89	88	104	82
		Public Safety	352	461	275	243	281	293
		Other	247	438	253	201	469	343
		Total	$1,207	1,519	1,041	921	1,210	1,151

	Per Capita Expenditures by Object
		Salaries & Wages	$530	489	439	416	471	504
		Capital Outlay	61	293	69	-	6	17
		Other Operating	616	737	533	505	733	630
		Total	$1,207	1,519	1,041	921	1,210	1,151

	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	121	119	116	114	111
		Average Population In Group	4,702	4,808	4,820	4,759	4,871	4,838
		Town of Fairmont Population	2,744	2,737	2,732	2,651	2,647	2,652
	Group Average Per Capita Revenues by Source
		Property Tax	339	312	306	296	284	282
		Utility	315	316	326	307	292	279
		Sales Tax	160	158	154	146	140	120
		Sales & Services	81	79	74	70	68	67
		Intergovernmental	182	176	160	165	184	179
		Debt Proceeds	174	109	95	65	77	69
		Other Miscellaneous	126	161	126	110	97	132
		Total	1,377	1,311	1,241	1,159	1,142	1,128

	Group Average Per Capita Expenditures by Function
		Utility	377	334	305	290	305	298
		Debt Service	103	97	98	101	104	97
		Transportation	112	112	112	105	100	90
		General Government	170	160	156	154	159	136
		Public Safety	322	312	280	268	261	249
		Other	233	237	209	218	199	214
		Total	1,317	1,252	1,160	1,136	1,128	1,084

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	421	408	390	385	359	354
		Capital Outlay	284	254	205	179	208	172
		Other Operating	612	590	565	572	561	558
		Total	1,317	1,252	1,160	1,136	1,128	1,084


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$1,890,535	2,130,025	1,718,083	1,731,336	1,443,481	1,448,085
	General Fund expenditures		2,121,573	2,196,186	1,598,073	1,421,628	1,675,348	1,669,173
	Operating transfers in		-	-	-	4,018	63,397	-
	Operating transfers out		-	-	-	-	-	74,053
	Capital leases and installment purchase proceeds		-	86,350	-	-	-	-
	Other items		-	-	-	-	-	1
	Excess of revenues and other sources over (under) expenditures and other uses		(231,038)	20,189	120,010	313,726	(168,470)	(295,140)

	Fund balance available (FBA):
		In dollars	$352,809	595,191	585,989	476,727	157,848	237,999
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	16.63	28.21	36.67	33.53	9.42	13.65
		Group weighted average FBA %	65.07	64.31	62.33	62.22	61.38	60.00
		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	($64,785)	(1,231)	97,253	175,818	168,509	272,077
		Quick ratio	0.31	0.79	1.47	2.20	2.35	4.76
		Net income	(213,744)	(212,327)	(162,558)	(225,016)	(285,992)	296,580
		Cashflow from operations	182,681	182,532	217,932	194,417	78,646	(117,047)
		Depreciation & Amortization Expense	285,694	267,039	267,268	258,614	248,925	258,277



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

		Population at July 1st of the Previous Year	2,744	2,737	2,732	2,651	2,647	2,652
		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	$686,868	737,687	801,787	857,104	449,632	701,238
		Investment Earnings	30,015	43,819	30,576	10,647	4,783	6,847
		Tax Rate Equivalent	0.0293	0.0429	0.0267	0.0161	0.0072	0.0097
		Tax Rate Equivalent Group weighted average	0.0296	0.0439	0.0322	0.0212	0.0115	0.0166
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2005	2005	2005	1996	1996	1996
		January 1, Prior Year Assessed Valuation	$102,610,825	102,103,277	114,457,929	66,294,375	66,872,547	70,931,860
		Tax Rate	0.6900	0.6900	0.6900	0.6900	0.6900	0.6900
		Tax Rate Group weighted average	0.2682	0.3126	0.3191	0.3626	0.3759	0.3833
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	89.72	90.46	97.30	90.58	90.58	89.88
		Assessment -to-Sales Ratio Group weighted average	90.92	83.47	91.52	85.31	89.22	88.07
		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	$114,367,839	112,871,188	117,634,048	73,188,756	73,827,056	78,918,402
		EffectiveTax Rate	0.6191	0.6242	0.6714	0.6250	0.6250	0.6202
		Group weighted average Effective Tax Rate	0.2438	0.2610	0.2921	0.3093	0.3354	0.3376
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	88.95	100.00	89.52	93.55	94.37	90.79
		Percent Collected Group weighted average	97.46	96.76	96.72	96.85	96.72	96.35
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	87.38	100.00	87.90	92.42	93.14	88.84
		Percent Collected Excluding Motor Vehicles Group weighted average	98.08	98.00	98.08	97.96	97.91	97.84
		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	100.00	100.00	100.00	100.00	100.00	100.00
		Percent Collected Motor Vehicles Only Group weighted average	85.75	86.04	86.22	85.87	85.76	84.39
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	89	0	77,390	29,407	28,002	43,284
		Tax Rate Equivalent	0.0001	0.0000	0.0676	0.0444	0.0419	0.0610
		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	$2,823,500	2,862,000	2,898,500	2,933,500	2,967,000	3,000,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	2,823,500	2,862,000	2,898,500	2,933,500	2,967,000	3,000,000
		Per Capita	$1,029	1,046	1,061	1,107	1,121	1,131
		Total Per Capita for the Population Group	152	149	162	162	159	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	2.4688%	2.5356%	2.4640%	4.0081%	4.0189%	3.8014%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1101%	0.1223%	0.1565%	0.1724%	0.1878%	#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		2,744	2,737	2,732	2,651	2,647	2,652

1A	Non GASB34	General Fund Assets						555,947
1B	FISCAL	General Fund Liabilities						205,097
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						10,697,476
3B		Enterprise Liabilities						3,092,817
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets						107,762
1.5A	GASB34	Governmental Activities Assets	2,210,176	1,951,809	1,531,367	1,452,323	1,167,434
1.5B	FISCAL	Governmental Activities Liabilities	173,687	178,265	88,897	201,151	61,628
3.5A	SUMMARY	Business Type Activities Assets	9,655,334	9,919,797	9,946,808	10,148,282	10,381,907
3.5B		Business Type Activities Liabilties	3,150,312	3,201,031	3,015,715	3,054,631	3,063,240
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities						185
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets						2,372,871
9B		General Long term debt - Liabilities						79,927
10	PART 2	Current collections of unit-wide levy	627,144	639,708	659,982	423,265	440,710	423,896
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	57,492	53,771	14,320	47,668	37,944	21,673
13		Penalties and interest	14,211	15,667	7,215	14,307	9,625	5,126
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	529,613	521,314	476,570	454,097	415,445	343,412
17		1/2% Local government sales and use taxes (Article 40)
18		1/2% Local government sales and use taxes (Article 42)
18.5		1/2% Local government sales and use taxes (Article 44)
19		Licenses Privilege					10,168	6,718
19.1		Privilege - Occupational & business licensing & permit taxes	12,205	23,285	33,962	14,378
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV
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	78,296	352,699	28,321	85,086	49,104	145,314
30		Public safety
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development	28,842	374,662	256,374	40,191	507,646	304,447
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					27
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						2,678
44		Utility franchise tax	105,855	105,846	92,646	88,144	86,260	93,024
45		Beer and Wine tax	12,608	12,345	12,067	11,716	11,390	11,007
46		Powell Bill	111,804	100,278	102,363	99,740	92,499	100,596
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	8,314	7,903	5,583	4,357	4,198	5,794
51		General Government
52		Public safety
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.		37,500	18,750	58,623	75,000
57		Econ. & Phys. Dev. - All Other	22,371	316,930
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation	403,880					8,000
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		19,608	50,892	17,935	211,891
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	1,285	2,100	1,945	1,700	2,210	1,910
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	24,585				1,188	40,597
76		Airport
77		Fire protection charges
78		Solid waste	220,377	219,246	220,799	236,863	241,363	212,556
79		Ambulance and rescue squad charges
80		Cemeteries
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
86	UTILITY	Water and sewer charges	850,353	873,249	846,146	871,893	723,968	778,021
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds						2,309
90	REVENUES	On general and all other funds	30,015	43,819	30,576	10,647	4,783	6,847
91		Special assessments
92		Private contribution and donations	21,226	7,827	3,214		27,218	6,951
93		Sales of materials and fixed assets	27,557	9,725	9,690	199,350	7,235	9,963
94		Sales of real property				19,123
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution		13,000	5,200
98		Other miscellaneous revenues	38,406	27,667	26,792	44,718	32,328	3,467
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases
101		Other				4,018		166,157
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	12,130	12,064	12,077	12,131	12,109	12,079
109B	GENERAL	Governing body - All other Direct	2,344	717	934	349	402	1,396
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	116,223	41,938	38,847	18,081	4,842
110B		Administration - All other Direct	12,248	7,882	4,864	943	1,419	2,526
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures
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	68,076	64,356	61,362	35,192	54,033	52,983
112B		Finance - All other Direct	7,899	8,020	14,497	8,217	24,714	6,968
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries	39,559	37,229	34,483	16,094	31,560	15,993
113B		Taxes - All other Direct	3,277	3,045	4,029	2,926	3,102	2,464
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct	13,670	15,984	23,155	19,992	22,171	10,296
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries	44,022	16,426			8,847	9,277
115B		Public Buildings - All other Direct	85,887	65,903	51,279	115,366	73,355	45,225
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						38,354
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries					35,518	18,083
118B		General Government All Other - All other Direct					3,223	3,499
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	656,622	624,383	550,882	449,608	568,477	573,156
119B	SAFETY	Police and Communications - All other Direct	118,107	96,152	87,278	137,035	118,535	146,632
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	64,696	86,593	42,492
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	22,086	10,866	5,588	31,069	32,044	28,903
122B		Fire - All other Direct	25,204	34,819	48,619	15,078	10,415	10,230
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures	60,765	392,919
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
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
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures
129A		Street Cleaning - Salaries	57,484	10,889	6,854	5,180		27,467
129B		Street Cleaning - All other Direct	117,953	98,229	102,532	107,946	88,828	102,732
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures		14,733
130A		State Street Aid Allocation - Powell Bill - Salries		60,558	63,484	43,706	69,906	55,054
130B		State Street Aid Allocation - Powell Bill - All other Direct	102,167	27,938	29,153	34,032	3,024	12,282
130C		State Street Aid Allocation - Powell Bill - Construction					16,929	33,858
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	46,530
135B		Transportation - All Other - All other Direct	469
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	248,139	207,994	179,241	174,069	134,214	133,027
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					3,978
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	1,840	5,196	80,906	69,848	68,800	51,158
140B	& PHYSICAL	Planning and Zoning - All other Direct	8,619	3,188	10,819	2,907	2,543	12,663
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		301,800
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct	28,842	391,649	272,801	40,191	596,758	465,527
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				31,058	49,246
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]	18,878	82,257		4,306	14,099
145B		Economic and Physical Development - All Other - All other Direct	148,161	206,592	147,005	211,324	357,723
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						17,639
152B		Human Services - All Other - All other Direct						230,755
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	224,254				15,333
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures
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	371,868	372,374	344,606	418,575	346,798	436,738
158B		Water and Sewer - All other Direct	299,988	325,251	273,697	290,261	280,636	334,411
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures	43,050	308,604	146,775			10,276
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	138,004	137,102	132,008	133,515	135,000	135,000
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	61,107	48,393	35,000
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		6,669	3,705
166D		All Other - Debt Service Principal Payments	23,816	11,893	20,111
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)	18,848	17,216	15,339	11,289	14,340	17,000
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	621,900	610,130	639,773	387,964	408,082	387,919
180	OTHER	Current Year Levy Motor Vehicles Only	87,954	89,630	98,440	67,629	89,322	81,959
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	78,461		77,390	29,407	28,002	43,284
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles
183		Percentage of Taxes Collected - Current Year All Property	88.95	100.00	89.52	93.55	94.37	90.79
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	87.38	100.00	87.90	92.42	93.14	88.84
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	100.	100.00	100.00	100.00	100.00	100.00
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	686,868	737,687	801,787	857,104	449,632	701,238
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	3,226,439	3,778,149	2,903,407	2,747,819	3,055,597	2,700,463
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in					63,397
194D		Amounts - Net Revenues per AFIR	3,226,439	3,778,149	2,903,407	2,747,819	2,992,200	2,700,463
		Calculated amount	3,226,439	3,778,149	2,903,407	2,747,819	2,992,200	2,700,463
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	3,312,832	4,157,821	2,844,422	2,440,288	3,266,318	3,053,651
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out					63,397
195D		Amounts Net Expenditures per AFIR	3,312,832	4,157,821	2,844,422	2,440,288	3,202,921	3,053,651
		Calculated amount	3,312,832	4,157,821	2,844,422	2,440,288	3,202,921	3,053,651
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Linda Vause
951		Title of Official	Finance Officer
952		Date Certified	12/16/2008	12/26/2007	12/29/2006
953		Person to Contact	Linda Vause
954		Title of Person to Contact	Finance Officer
955		Telephone Number	910-628-9766
956		Facsimile Number	910-628-6025

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

	2008	2007	2006	2005	2004	2003

Population	2,744	2,737	2,732	2,651	2,647	2,652
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	$850,353	873,249	846,146	871,893	723,968	778,021
Total Operating Revenues Per Capita	$310	319	310	329	274	293
Group Weighted Average Revenues Per Capita	396	397	412	394	373	354
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	112.61%	110.47%	104.66%	110.96%	121.05%	149.67%
Group Weighted Average	93.18%	90.16%	87.25%	90.21%	91.34%	93.36%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	-12.61%	-10.47%	-4.66%	-10.96%	-21.05%	-49.67%
Group Weighted Average	6.82%	9.84%	12.75%	9.79%	8.66%	6.64%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	-3.22%	-2.12%	0.26%	-0.43%	-5.40%	-1.68%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	-28.53%	-24.31%	-19.21%	-25.81%	-39.50%	-49.37%
Group Weighted Average	3.36%	-0.97%	6.51%	7.51%	0.89%	4.57%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	0.31	0.79	1.47	2.20	2.35	4.76
Group Weighted Average	3.12	3.26	3.68	3.54	4.02	3.72
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	23.7	0.0	24.3	24.8	33.9	33.6
Group Weighted Average	52.2	52.6	53.8	53.5	60.0	55.4
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	0.0	0.0	69.8	106.5	102.0	106.0
Group Weighted Average	439.3	462.5	413.6	388.8	421.1	468.9
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	$182,681	182,532	217,932	194,417	78,646	-117,047

Debt to Equity	0.46	0.46	0.42	0.41	0.40	0.39
Group Weighted Average	0.31	0.28	0.25	0.23	0.27	0.22
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	1,102	1,127	1,068	1,107	1,108	1,131
Group Weighted Average	631	533	484	493	509	525
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$43,050	308,604	146,775	0	0	10,276

	2002	2001	2000	1999
	$8,200	155,237	86,781	297,167

Capital Contributions: Excluded from income above	$28,842	0	0	0	0	680,677


Operating Statistics

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

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

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

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

Group Average Sales per thousand Gallons Water	$1,510.62899	$1,842.80047	NA	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$1,202.09823	$1,724.69791	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			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 %	9.42%	33.53%	36.67%	28.21%	16.63%
Group average FBA %	61.38%	62.22%	62.33%	64.31%	65.07%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	61.38%	36.37%	36.20%

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

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2004 2005 2006 2007 2008

Municipality 94.37% 93.55% 89.52% 100.00% 88.95%

Pop. Group 96.72% 96.85% 96.72% 96.76% 97.46%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

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

	2004	2005	2006	2007	2008
Municipality	94.37%	93.55%	89.52%	100.00%	88.95%
Pop. Group	96.72%	96.85%	96.72%	96.76%	97.46%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

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

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2004 2005 2006 2007 2008

Municipality 1,121 1,107 1,061 1,046 1,029

Pop. Group 159 162 162 149 152

Statewide 548 505 495 478 456

Municipal Population Group: 2,500 to 4,999

	2004	2005	2006	2007	2008
Municipality	1,121	1,107	1,061	1,046	1,029
Pop. Group	159	162	162	149	152
Statewide	548	505	495	478	456

Municipal Population Group: 2,500 to 4,999

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2004 2005 2006 2007 2008

Property Tax $184 183 249 259 255

Utility 274 329 310 319 310

Sales Tax 156 172 174 190 193

Sales & Services 92 89 81 80 89

Intergovernmental 392 153 208 485 281

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 32 111 41 47 48

Total $1,130 1,037 1,063 1,380 1,176

	2004	2005	2006	2007	2008
Property Tax	$184	183	249	259	255
Utility	274	329	310	319	310
Sales Tax	156	172	174	190	193
Sales & Services	92	89	81	80	89
Intergovernmental	392	153	208	485	281
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	32	111	41	47	48
Total	$1,130	1,037	1,063	1,380	1,176

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2008
2008

Category Revenue
Per Capita

Property Tax $698,847
$255

Water/Sewer 850,353
310

Electric 0
0

Other Utilities 0
0

Sales Tax 529,613
193

Sales & Services 244,962
89

Intergovernment 771,970
281

Debt Proceeds 0
0

Miscellaneous 130,694
48

Total $3,226,439
$1,176

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

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2008
2008

Category Expenditures
Per Capita

General Government $405,335
$148

Water/Sewer 714,906
261

Electric 0
0

Other Utilities 0
0

Debt Service 222,927
81

Transportation 324,603
118

Public Safety 966,328
352

Other 678,733
247

Total $3,312,832
$1,207

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

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $1,455,318
$530

Water/Sewer Capital 43,050
16

Electric Capital 0
0

Other Capital 125,461
46

Other Operating 1,689,003
616

Total $3,312,832
$1,207

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

Last Updated 8/27/2009 7:14:31 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$698,847	$255
Water/Sewer	850,353	310
Electric	0	0
Other Utilities	0	0
Sales Tax	529,613	193
Sales & Services	244,962	89
Intergovernment	771,970	281
Debt Proceeds	0	0
Miscellaneous	130,694	48
Total	$3,226,439	$1,176

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