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

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



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
200920082007200620052004

Revenues by Source







Property Tax$672,227 698,847 709,146 681,517 485,240 488,279


Utility 1,201,133 850,353 873,249 846,146 871,893 723,968


Sales Tax 510,012 529,613 521,314 476,570 454,097 415,445


Sales & Services 233,164 244,962 219,246 220,799 236,863 242,551


Intergovernmental 778,959 771,970 1,327,771 566,996 405,792 1,038,015


Debt Proceeds - - - - - -


Other Miscellaneous 103,828 130,694 127,423 111,379 293,934 83,942


Total$3,499,323 3,226,439 3,778,149 2,903,407 2,747,819 2,992,200










Expenditures by Function







Utility$806,805 714,906 1,006,229 765,078 708,836 627,434


Debt Service 198,879 222,927 204,057 190,824 133,515 135,000


Transportation 393,291 324,603 212,347 202,023 190,864 178,687


General Government 398,492 405,335 273,564 245,527 229,291 275,295


Public Safety 945,068 966,328 1,262,948 750,198 644,079 743,811


Other 1,062,403 678,733 1,198,676 690,772 533,703 1,242,694


Total$3,804,938 3,312,832 4,157,821 2,844,422 2,440,288 3,202,921










Expenditures by Object







Salaries & Wages$1,504,725 1,455,318 1,338,536 1,199,089 1,103,790 1,247,033


Capital Outlay 206,739 168,511 802,849 189,267 - 16,929


Other Operating + Debt Service 2,093,474 1,689,003 2,016,436 1,456,066 1,336,498 1,938,959


Total$3,804,938 3,312,832 4,157,821 2,844,422 2,440,288 3,202,921



















Per Capita Revenues by Source







Property Tax$244 255 259 249 183 184


Utility 437 310 319 310 329 274


Sales Tax 185 193 190 174 172 156


Sales & Services 85 89 80 81 89 92


Intergovernmental 283 281 485 208 153 392


Debt Proceeds - - - - - -


Other Miscellaneous 38 48 47 41 111 32


Total$1,272 1,176 1,380 1,063 1,037 1,130










Per Capita Expenditures by Function







Utility$293 261 368 280 267 237


Debt Service 72 81 75 70 50 51


Transportation 143 118 78 74 72 68


General Government 145 148 99 89 88 104


Public Safety 344 352 461 275 243 281


Other 386 247 438 253 201 469


Total$1,383 1,207 1,519 1,041 921 1,210










Per Capita Expenditures by Object







Salaries & Wages$547 530 489 439 416 471


Capital Outlay 75 61 293 69 - 6


Other Operating 761 616 737 533 505 733


Total$1,383 1,207 1,519 1,041 921 1,210










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


Number of Municipalites in Group 119 117 120 119 116 114


Average Population In Group 4,614 4,782 4,848 4,820 4,759 4,871


Town of Fairmont Population 2,751 2,744 2,737 2,732 2,651 2,647

Group Average Per Capita Revenues by Source







Property Tax 345 342312306296284


Utility 313 319316326307292


Sales Tax 140 162158154146140


Sales & Services 86 8279747068


Intergovernmental 184 184176160165184


Debt Proceeds 212 176109956577


Other Miscellaneous 105 12716112611097


Total 1,385 1,3921,3111,2411,1591,142










Group Average Per Capita Expenditures by Function







Utility 415 381334305290305


Debt Service 101 1059798101104


Transportation 95 113112112105100


General Government 185 172160156154159


Public Safety 317 325312280268261


Other 218 235237209218199


Total 1,331 1,3311,2521,1601,1361,128










Group Average Per Capita Expenditures by Object







Salaries & Wages 430 425408390385359


Capital Outlay 320 287254205179208


Other Operating 581 619590565572561


Total 1,331 1,3311,2521,1601,1361,128


















General Fund
Go to top of page
200920082007200620052004

General Fund revenues$1,814,655 1,890,535 2,130,025 1,718,083 1,731,336 1,443,481

General Fund expenditures 2,118,156 2,121,573 2,196,186 1,598,073 1,421,628 1,675,348

Operating transfers in 132,000 - - - 4,018 63,397

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 (51,501) (231,038) 20,189 120,010 313,726 (168,470)










Fund balance available (FBA):







In dollars$301,243 352,809 595,191 585,989 476,727 157,848


FBA as a % of GF Net Expenditures:







Unit's FBA %15.0816.6328.2136.6733.539.42


Group weighted average FBA %70.0865.0764.3162.3262.2161.38


State weighted average Non-Electric Group37.7736.6337.3837.3836.8236.42


State weighted average FBA %37.0036.3436.5536.9636.7836.35

















Enterprise Funds:
Go to top of page







Water/Sewer













Combined financial results:







Working capital($3,739) (64,785) (1,231) 97,253 175,818 168,509


Quick ratio0.70 0.31 0.79 1.47 2.20 2.35


Net income162,965 (213,744)(212,327)(162,558)(225,016)(285,992)


Cashflow from operations426,721 182,681 182,532 217,932 194,417 78,646


Depreciation & Amortization Expense287,329 285,694 267,039 267,268 258,614 248,925


























Cash, Investments and Financing
Go to top of page
200920082007200620052004











Population at July 1st of the Previous Year2,7512,7442,7372,7322,6512,647


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


Cash &Investments$488,359 686,868 737,687 801,787 857,104 449,632


Investment Earnings5,815 30,015 43,819 30,576 10,647 4,783


Tax Rate Equivalent0.00570.02930.04290.02670.01610.0072


Tax Rate Equivalent Group weighted average0.01290.02960.04390.03220.02120.0115


Tax Rate Equivalent Statewide weighted average0.01330.05240.09200.05730.04150.0340


Latest year of Revaluation
20052005200519961996


January 1, Prior Year Assessed Valuation$102,471,275 102,610,825 102,103,277 114,457,929 66,294,375 66,872,547


Tax Rate0.69000.69000.69000.69000.69000.6900


Tax Rate Group weighted average0.27100.26820.31260.31910.36260.3759


Tax Rate State Wide0.42670.42430.44520.43210.44480.4566


Assessment -to-Sales Ratio84.4089.7290.4697.3090.5890.58


Assessment -to-Sales Ratio Group weighted average92.2190.9283.4791.5285.3189.22


Assessment -to-Sales Ratio Statewide90.8188.5288.4192.2892.3592.18


Assessed Valuation Adjusted for Assesment to Sales Ratio$121,411,463 114,367,839 112,871,188 117,634,048 73,188,756 73,827,056


EffectiveTax Rate0.58240.61910.62420.67140.62500.6250


Group weighted average Effective Tax Rate0.24990.24380.26100.29210.30930.3354


Statewide weighted average Effective Tax Rate0.38750.37560.39360.39870.41080.4209


Percent Collected86.6288.95100.0089.5293.5594.37


Percent Collected Group weighted average97.2096.7296.7696.7296.8596.72


Percent Collected Statewide97.7897.6497.5997.5597.4297.31


Percent Collected Excluding Motor Vehicles87.3387.38100.0087.9092.4293.14


Percent Collected Excluding Motor Vehicles Group weighted average97.5598.0898.0098.0897.9698.15


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3198.6598.5998.6198.3698.39


Percent Collected Motor Vehicles Only 81.89100.00100.00100.00100.00100.00


Percent Collected Motor Vehicles Only Group weighted average85.1585.7586.0486.2285.8785.65


Percent Collected Motor Vehicles Only Statewide weighted average 86.6686.7486.7186.8087.3187.46


Tax Uncollected16,520 78,461 0 77,390 29,407 28,002


Tax Rate Equivalent0.01610.07650.00000.06760.04440.0419


Dominant County: Robeson






Debt Information








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


Ratings:







Fitch







Moody's







S & P
















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




Enterprise GO Debt$2,783,500 2,823,500 2,862,000 2,898,500 2,933,500 2,967,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt2,783,500 2,823,500 2,862,000 2,898,500 2,933,500 2,967,000


Per Capita$1,012 1,029 1,046 1,061 1,107 1,121


Total Per Capita for the Population Group158 152 149 162 162 159


Total Per Capita Statewide455 456 478 495 505 548


Total per Assessed Valuation Adjusted for Current Year Sales2.2926%2.4688%2.5356%2.4640%4.0081%4.0189%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1078%0.1101%0.1223%0.1565%0.1724%0.1878%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.3909%0.4131%0.4706%0.5275%0.5588%0.6442%


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$0 0 0 0 0 0


--General Government0 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






LineSectionDescription200920082007200620052004

Population at July 1st of the Previous Year Adjusted for Boundry Changes2,7512,7442,7372,7322,6512,647









1ANon GASB34General Fund Assets





1BFISCAL General Fund Liabilities





2ASUMMARYDebt-service Assets





2B
Debt service Liabilities





3A
Enterprise Assets





3B
Enterprise Liabilities





4A
Internal Service Assets





4B
Internal service Liabilities





5A
Special Revenue Assets





1.5AGASB34Governmental Activities Assets2,266,7722,210,1761,951,8091,531,3671,452,3231,167,434
1.5BFISCAL Governmental Activities Liabilities264,211173,687178,26588,897201,15161,628
3.5ASUMMARYBusiness Type Activities Assets9,761,7649,655,3349,919,7979,946,80810,148,28210,381,907
3.5B
Business Type Activities Liabilties3,093,7773,150,3123,201,0313,015,7153,054,6313,063,240
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





5B
Special Revenue Liabilities





6A
Trust & Agency Assets





6B
Trust & Agency Liabilities





7A
Capital Project Assets





7B
Capital Project Liabilities





8A
General Fixed Assets





9B
General Long term debt - Liabilities





10PART 2Current collections of unit-wide levy596,008627,144639,708659,982423,265440,710
11TAXCurrent collection of special tax districts





12REVENUESPrior years' levy collections64,25357,49253,77114,32047,66837,944
13
Penalties and interest11,96614,21115,6677,21514,3079,625
14
Collection of taxes previously written off





15
Animal tax





15.1
Solid Waste Disposal Tax





16
1% Local government sales and use tax510,012529,613521,314476,570454,097415,445
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
19.1
Privilege - Occupational & business licensing & permit taxes12,13912,20523,28533,96214,378
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





27FEDERALFEDERAL Payment in lieu of taxes





28INTERGOVEquitable sharing of Federally forfeited property





29REVENUESGeneral government76,18178,296352,69928,32185,08649,104
30
Public safety





31
Transportation - Streets





32
Transportation - All other





33
Utility franchise tax





34
Housing/community development333,39228,842374,662256,37440,191507,646
35
All Other





36
Human services: Health, mental health, hospitals





37
All other





38
Culture and recreation





39STATEState Payment in Lieu of Taxes




27
40INTERGOVControlled substance tax





41REVENUESIntangibles tax reimbursement + Transistional Hold Harmless Revenues





42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax113,185105,855105,84692,64688,14486,260
45
Beer and Wine tax12,32312,60812,34512,06711,71611,390
46
Powell Bill99,936111,804100,278102,36399,74092,499
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees8,1858,3147,9035,5834,3574,198
51
General Government





52
Public safety





53
Transportation - Streets





54
Transportation - All other





55
Environmental protection





56
Econ. & Phys. Dev. - Housing/Comm. Dev.

37,50018,75058,62375,000
57
Econ. & Phys. Dev. - All Other34,95922,371316,930


58
Human Services: Health, mental health, hospitals





59
All Other





60
Culture and recreation100,798403,880



61LOCALLOCAL Payment in lieu of taxes





62INTERGOVGeneral government





63REVENUESPublic safety





64
Transportatin - Streets





65
Transportation - All other





66
Environmental protection





67
Economic and physical development

19,60850,89217,935211,891
68
Human Services: Health, Mental Health & Hosp





69
Human Services: All Other





70
Culture and recreation





71PERMITS Building permits





72& FEESInspection fees





72.1
Amusements licensing and permit taxes





73
Other permits1,6551,2852,1001,9451,7002,210
74SALES &Parking revenues





75SERVICESRents and royalties13,74024,585


1,188
76
Airport





77
Fire protection charges





78
Solid waste219,424220,377219,246220,799236,863241,363
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





86UTILITYWater and sewer charges1,201,133850,353873,249846,146871,893723,968
87REVENUESElectric charges





88
Gas charges





88.1
Storm Water Fees





89MISC.On bond proceeds





90REVENUESOn general and all other funds5,81530,01543,81930,57610,6474,783
91
Special assessments





92
Private contribution and donations12,42521,2267,8273,214
27,218
93
Sales of materials and fixed assets10027,5579,7259,690199,3507,235
94
Sales of real property



19,123
95
Nongovernment contributions for streets and traffic signals





96
Mixed drink surcharge





97
ABC profit distribution13,000
13,0005,200

98
Other miscellaneous revenues
38,40627,66726,79244,71832,328
99
Proceeds of the sale of bonds and notes





100
Proceeds of capital leases and installment purchases





101
Other58,694


4,018
102NON-REVSupplemental schools taxes - current levy collections





103RECEIPTSPrior 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





109APART 4Governing body - Salaries12,12512,13012,06412,07712,13112,109
109BGENERALGoverning body - All other Direct8132,344717934349402
109CGOVTGoverning body - Construction





109D
Governing body - Land, Equipment and Existing Structures





110A
Administration - Salaries116,924116,22341,93838,84718,0814,842
110B
Administration - All other Direct9,41612,2487,8824,8649431,419
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 - Salaries69,04368,07664,35661,36235,19254,033
112B
Finance - All other Direct9,9377,8998,02014,4978,21724,714
112C
Finance - Construction





112D
Finance - Land, Equipment. and Existing Structures





113A
Taxes - Salaries39,97239,55937,22934,48316,09431,560
113B
Taxes - All other Direct4,4003,2773,0454,0292,9263,102
113C
Taxes - Construction





113D
Taxes - Land, Equipment, and Existing Structures





114A
Legal - Salaries





114B
Legal - All other Direct8,60613,67015,98423,15519,99222,171
114C
Legal - Construction





114D
Legal - Land, Equipment, and Existing Structures





115A
Public Buildings - Salaries43,80044,02216,426

8,847
115B
Public Buildings - All other Direct78,59185,88765,90351,279115,36673,355
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 - Salaries979



35,518
118B
General Government All Other - All other Direct3,886



3,223
118C
General Government All Other - Construction





118D
General Government All Other - Land, Equipment, and Existing Structures





119APUBLICPolice and Communications - Salaries687,596656,622624,383550,882449,608568,477
119BSAFETYPolice and Communications - All other Direct114,076118,10796,15287,278137,035118,535
119C
Police and Communications - Construction





119D
Police and Communications - Land, Equipment and Existing Structures8,39364,69686,59342,492

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 - Salaries28,68422,08610,8665,58831,06932,044
122B
Fire - All other Direct38,99125,20434,81948,61915,07810,415
122C
Fire - Construction





122D
Fire - Land, Equipment, and Existing Structures47,55160,765392,919


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





127ATRANSPORTraffic Engineering - Salaries





127BTATIONTraffic 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 Direct120,022




128C
Streets and Highways - Construction





128D
Streets and Highways - Land, Equipment and Existing Structures24,014




129A
Street Cleaning - Salaries
57,48410,8896,8545,180
129B
Street Cleaning - All other Direct
117,95398,229102,532107,94688,828
129C
Street Cleaning - Construction





129D
Street Cleaning - Land, Equipment, and Existing Structures

14,733


130A
State Street Aid Allocation - Powell Bill - Salries55,155
60,55863,48443,70669,906
130B
State Street Aid Allocation - Powell Bill - All other Direct43,299102,16727,93829,15334,0323,024
130C
State Street Aid Allocation - Powell Bill - Construction




16,929
130D
State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures102,932




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 - Salaries47,40446,530



135B
Transportation - All Other - All other Direct465469



135C
Transportation - All Other - Construction





135D
Transportation - All Other - Land, Equipment, and Existing Structures





136AENVIRONSolid Waste - Salaries





136BMENTALSolid Waste - All other Direct235,236248,139207,994179,241174,069134,214
136CPROTECTIONSolid 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





140AECONOMICPlanning and Zoning - Salaries
1,8405,19680,90669,84868,800
140B& PHYSICALPlanning and Zoning - All other Direct
8,6193,18810,8192,9072,543
140CDEVELOPPlanning and Zoning - Construction





140D
Planning and Zoning - Land, Equipment, and Existing Structures





141A
Economic Development - Salaries17,371




141B
Economic Development - All other Direct123,388
301,800


141C
Economic Development - Construction





141D
Economic Development - Land, Equipment, and Existing Structures5,310




142A
Community Development - Salaries





142B
Community Development - All other Direct333,39228,842391,649272,80140,191596,758
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



31,05849,246
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]
18,87882,257
4,30614,099
145B
Economic and Physical Development - All Other - All other Direct
148,161206,592147,005211,324357,723
145C
Economic and Physical Development - All Other - Construction





145D
Economic and Physical Development - All Other - Land, Equipment, and Existing Structures





146AHUMANHealth - Salaries





146BSERVICESHealth - 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





153ACULTURE Recreation and Parks - Salaries





153BRECREATIONRecreation and Parks - All other Direct347,706224,254


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





158AUTILITYWater and Sewer - Salaries385,672371,868372,374344,606418,575346,798
158B
Water and Sewer - All other Direct402,594299,988325,251273,697290,261280,636
158C
Water and Sewer - Construction





158D
Water and Sewer - Land, Equipment, and Existing Structures18,53943,050308,604146,775

159A
Electric Power - Salaries





159B
Electric Power - All other Direct





159C
Electric Power - Construction





159D
Electric Power - Land, Equipment, and Existing Structures





160A
Natural Gas - Salries





160B
Natural Gas - All other Direct





160C
Natural Gas - Construction





160D
Natural Gas - Land, Equipment and Existing Structures





160.1A
Storm water salaries





160.1B
Storm water other operating





160.1C
Storm water contruction





160.1C
Storm water land, equipment and existing structures





161BDEBTWater and Sewer - Debt Service Interest Payments135,269138,004137,102132,008133,515135,000
161DSERVICEWater and Sewer - Debt Service Principal Payments63,61061,10748,39335,000

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

6,6693,705

166D
All Other - Debt Service Principal Payments
23,81611,89320,111

167BPENSIONDirect Benefit Program - Pension Fund operated by the Unit





168BFRINGEFringe 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)19,77718,84817,21615,33911,28914,340
172B
Fringe Benefits Other - (B)





173A
Multi-County Library District, County, or Other Municipality Authority





173BINTERGOVMulti-County Library District, County, or Other Municipality (Item number)





173CEXPENDMulti-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 6Current Year Levy Excluding Motor Vehicles604,980621,900610,130639,773387,964408,082
180 OTHERCurrent Year Levy Motor Vehicles Only90,73687,95489,63098,44067,62989,322
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles76,64378,461
77,39029,40728,002
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles16,433




183
Percentage of Taxes Collected - Current Year All Property86.6288.95100.0089.5293.5594.37
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles87.3387.38100.0087.9092.4293.14
185
Percentage of Taxes Collected - Current Year - Motor Vehicles81.89100.00100.00100.00100.00100.00
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





189APART 7Cash on Hand and in Bank, and Securities - Held in Debt Service Fund





189BCASH &Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds





189CINVESTCash on Hand and in Bank, and Securities - All Other488,359686,868737,687801,787857,104449,632
190A PARTAppropriations made during the fiscal year pursuant to subsections b (1- 7)





190B 8Expenditures 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.





194APART 9Amounts - Total Revenues and other financing sources per audit3,499,3233,226,4393,778,1492,903,4072,747,8193,055,597
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in




63,397
194D
Amounts - Net Revenues per AFIR3,499,3233,226,4393,778,1492,903,4072,747,8192,992,200


Calculated amount3,499,3233,226,4393,778,1492,903,4072,747,8192,992,200


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit3,804,9383,312,8324,157,8212,844,4222,440,2883,266,318
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out




63,397
195D
Amounts Net Expenditures per AFIR3,804,9383,312,8324,157,8212,844,4222,440,2883,202,921


Calculated amount3,804,9383,312,8324,157,8212,844,4222,440,2883,202,921


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatoryLINDA VAUSE


951
Title of OfficialFINANCE OFFICER


952
Date Certified01/05/201012/16/200812/26/2007


953
Person to ContactLINDA VAUSE


954
Title of Person to ContactFINANCE OFFICER


955
Telephone Number910-628-9766


956
Facsimile Number910-628-6025






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



Town of Fairmont













200920082007200620052004








Population
2,7512,7442,7372,7322,6512,647
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
$000000
Total Operating Revenues Per Capita
$000000
Group Weighted Average Revenues Per Capita02701469
State Weighted Average Revenues Per Capita2201215163








% to Total Operating Revenues






Operating Expenses
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!71.48%#DIV/0!135.40%131.80%154.69%
State Weighted Average
287.00%89.94%84.21%104.54%119.75%338.51%








Operating Margin
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!28.52%#DIV/0!-35.40%-31.80%-54.69%
State Weighted Average
-187.00%10.06%15.79%-4.54%-19.75%-238.51%








Operating Transfers In/(out)
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!4.51%#DIV/0!-2.87%-57.18%24.81%
State Weighted Average
0.00%-0.70%-0.66%-1.84%-2.09%5.70%








Net Income before capital contributions
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!296.26%#DIV/0!577.57%1261.79%829.88%
State Weighted Average
968.20%480.53%1193.75%778.98%531.01%2097.68%








Key Ratios and Cash Flow














Quick Ratio
0.700.310.791.472.202.35
Group Weighted Average
3.203.123.263.673.544.02
State Weighted Average
2.812.962.902.821.822.76








Days Sales in Receivables
N/AN/AN/AN/AN/AN/A
Group Weighted Average
#DIV/0!54.1#DIV/0!60.6119.9110.9
State Weighted Average
47.360.742.687.697.761.5








Days Cash on Hand
-78.70.00.00.00.00.0
Group Weighted Average
-5.2-334.0-25.4-158.6-68.6-170.4
State Weighted Average
-46.5-344.5-221.9-343.5-346.7-208.8








Cash flow from Operations
$426,721182,681182,532217,932194,41778,646








Debt to Equity
0.000.000.000.420.410.00
Group Weighted Average
0.490.49#DIV/0!0.960.561.19
State Weighted Average
27.793.775.743.822.363.93








Debt per Capita
0001,0681,1070
Group Weighted Average
31868416592107
State Weighted Average
754535335660675266








Capital Expenditures:
200920082007200620052004


$18,53943,050308,604146,77500










2003200220012000



$10,2768,200155,23786,781









Capital Contributions: Excluded from income above
$000000
















Operating Statistics














Estimated population of the areas served Water000NANANA
Estimated population of the areas served Sewer000NANANA








Number of Gallons of Water Processed (000) omitted8700NANANA
Number of Gallons of Sewage Processed (000) omitted12200NANANA








Number of Gallons of Water Billed (000) omitted5300NANANA
Number of Gallons of Sewage Billed (000) omitted6400NANANA








Ratio of Water Billed to Water Processed0.60575

NANANA
Ratio of Sewage Billed to Sewage Processed0.52288

NANANA








Total Revenue from Water Sales387,05800NANANA
Total Revenue from Sewage Sales448,43000NANANA








Water Revenue per 1000 gallons of Sales



NANANA
Sewage Revenue per 1000 gallons of Sales



NANANA








Group Average Sales per thousand Gallons Water$40.43905$1,510.62899$1,842.80047NANANA
Group Average Sales per thousand Gallons Sewage$34.24740$1,202.09823$1,724.69791NANANA








State Average Sales per thousand Gallons Water$28.47236$12,972.02948$5,350.70834NANANA
State Average Sales per thousand Gallons Sewage$41.46915$10,319.10819$3,921.08643NANANA








Residential Water Sales per thousand Gallons$6,597.78000

NANANA
Residential Sewage Sales per thousand Gallons$8,646.86099

NANANA








Water Sales per thousand Gallons outside Municipal Limits


NANANA
Sewage Sales per thousand Gallons outside Municipal Limits


NANANA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.00000NANANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.00000NANANA




Financial Graphs and Comparisons


Go to top of page
Analysis of Available Fund Balance:  General Fund

20052006200720082009
Unit's FBA %33.53%36.67%28.21%16.63%15.08%
Group average FBA %62.21%62.32%64.31%65.07%70.08%
State average Electric/Non Electric Group FBA %36.82%37.38%37.38%36.63%37.77%
State average FBA %36.78%36.96%62.21%36.34%37.00%






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

Go to top of page
Analysis of Property Tax

20052006200720082009
Municipality93.55%89.52%100.00%88.95%86.62%
Pop. Group96.85%96.72%96.76%96.72%97.20%
Statewide97.42%97.55%97.59%97.64%97.78%






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






Go to top of page
Analysis of General Obligation Debt

20052006200720082009
Municipality1,1071,0611,0461,0291,012
Pop. Group162162149152158
Statewide505495478456455






Municipal Population Group: 2,500 to 4,999






Go to top of page
Analysis of Revenue

20052006200720082009
Property Tax$183249259255244
Utility329310319310437
Sales Tax172174190193185
Sales & Services8981808985
Intergovernmental153208485281283
Debt Proceeds00000
Other Miscellaneous11141474838
Total$1,0371,0631,3801,1761,272

Go to top of page
Analysis of Revenue for Fiscal 2009











2009
2009
CategoryRevenue
Per Capita
Property Tax$672,227
$244
Water/Sewer1,201,133
437
Electric0
0
Other Utilities0
0
Sales Tax510,012
185
Sales & Services233,164
85
Intergovernment778,959
283
Debt Proceeds0
0
Miscellaneous103,828
38
Total$3,499,323
$1,272





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





Go to top of page
Analysis of Expenditures by Function for Fiscal 2009











2009
2009
CategoryExpenditures
Per Capita
General Government$398,492
$145
Water/Sewer806,805
293
Electric0
0
Other Utilities0
0
Debt Service198,879
72
Transportation393,291
143
Public Safety945,068
344
Other1,062,403
386
Total$3,804,938
$1,383





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





Go to top of page
Analysis of Expenditures by Object for Fiscal 2009






2009
2009
CategoryExpenditures
Per Capita
Salaries & Wages$1,504,725
$547
Water/Sewer Capital18,539
7
Electric Capital0
0
Other Capital188,200
68
Other Operating2,093,474
761
Total$3,804,938
$1,383





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






Last Updated 6/11/2010 9:41:57 AM