North Carolina
Department of State Treasurer
Financial Information
Town of Faith

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			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$259,082	267,031	256,781	253,607	217,781	199,833
		Utility	332,502	347,642	328,875	341,916	345,343	336,746
		Sales Tax	116,075	113,457	118,823	120,406	118,572	113,846
		Sales & Services	14,175	14,254	14,252	14,882	15,159	15,085
		Intergovernmental	113,101	103,595	117,878	106,492	139,348	194,113
		Debt Proceeds	25,888	25,075	30,806	21,314	20,396	21,540
		Other Miscellaneous	7,131	9,979	14,408	16,605	21,250	17,516
		Total	$867,954	881,033	881,823	875,222	877,849	898,679

	Expenditures by Function
		Utility	$209,914	243,068	282,267	238,170	281,698	407,408
		Debt Service	93,578	94,528	100,641	94,285	94,093	120,177
		Transportation	28,723	12,042	17,113	24,415	19,399	66,204
		General Government	167,523	157,434	147,635	135,848	136,374	136,713
		Public Safety	244,137	237,020	220,899	195,281	164,018	142,364
		Other	69,189	72,442	72,494	72,198	68,610	62,692
		Total	$813,064	816,534	841,049	760,197	764,192	935,558

	Expenditures by Object
		Salaries & Wages	$114,305	85,612	90,083	89,423	86,565	80,798
		Capital Outlay	7,000	23,618	67,808	40,530	9,081	223,685
		Other Operating + Debt Service	691,759	707,304	683,158	630,244	668,546	631,075
		Total	$813,064	816,534	841,049	760,197	764,192	935,558


	Per Capita Revenues by Source
		Property Tax	$321	339	327	326	308	284
		Utility	412	441	419	439	488	479
		Sales Tax	142	144	152	155	169	162
		Sales & Services	18	18	18	19	21	21
		Intergovernmental	140	131	150	137	197	276
		Debt Proceeds	32	32	39	27	29	31
		Other Miscellaneous	9	13	18	21	30	25
		Total	$1,074	1,118	1,123	1,124	1,242	1,278

	Per Capita Expenditures by Function
		Utility	$260	308	360	306	398	580
		Debt Service	116	120	128	121	133	171
		Transportation	36	15	22	31	27	94
		General Government	206	200	188	174	194	194
		Public Safety	302	301	281	251	232	203
		Other	86	92	92	93	97	89
		Total	$1,006	1,036	1,071	976	1,081	1,331

	Per Capita Expenditures by Object
		Salaries & Wages	$141	109	115	115	122	115
		Capital Outlay	9	30	86	52	13	318
		Other Operating	856	897	870	809	946	898
		Total	$1,006	1,036	1,071	976	1,081	1,331

	Population Group		No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Number of Municipalites in Group	88	99	94	96	96	95
		Average Population In Group	714	727	726	729	726	727
		Town of Faith Population	808	788	785	779	707	703
	Group Average Per Capita Revenues by Source
		Property Tax	393	411	400	400	335	298
		Utility	445	425	444	423	366	312
		Sales Tax	129	135	165	190	167	155
		Sales & Services	81	67	58	55	51	47
		Intergovernmental	272	320	399	298	361	357
		Debt Proceeds	88	35	90	96	29	45
		Other Miscellaneous	193	146	180	178	232	165
		Total	1,601	1,539	1,736	1,640	1,541	1,379

	Group Average Per Capita Expenditures by Function
		Utility	563	441	428	437	404	484
		Debt Service	118	105	110	97	83	71
		Transportation	114	135	122	148	153	117
		General Government	246	258	309	321	313	224
		Public Safety	308	283	301	294	250	241
		Other	205	279	382	291	279	292
		Total	1,554	1,501	1,652	1,588	1,482	1,429

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	426	425	419	406	352	309
		Capital Outlay	320	241	302	298	334	370
		Other Operating	808	835	931	884	796	750
		Total	1,554	1,501	1,652	1,588	1,482	1,429


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$535,828	533,789	553,142	533,023	488,209	455,806
	General Fund expenditures		509,572	478,938	458,141	427,742	388,401	451,058
	Operating transfers in		-	-	-	-	50,000	-
	Operating transfers out		-	18,600	25,000	-	50,000	11,581
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	5,273	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		26,256	36,251	75,274	105,281	99,808	(6,833)

	Fund balance available (FBA):
		In dollars	$0	545,207	509,105	430,890	325,348	228,443
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	109.58	105.37	100.74	74.21	49.38
		Group weighted average FBA %	125.41	100.58	103.21	88.65	100.61	101.57
		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	$250,483	222,235	193,372	231,865	223,120	210,271
		Quick ratio	2.62	2.52	2.66	3.31	3.27	2.76
		Net income	(146,872)	(147,257)	(212,172)	(174,798)	(162,194)	(5,464)
		Cashflow from operations	126,507	136,432	60,108	96,079	120,041	175,314
		Depreciation & Amortization Expense	196,120	196,120	202,308	202,542	202,124	199,103



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

		Population at July 1st of the Previous Year	808	788	785	779	707	703
		Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Cash &Investments	$937,931	$873,813	$777,870	$722,840	$616,472	$504,082
		Investment Earnings	5,034	7,786	12,352	15,355	15,046	9,727
		Tax Rate Equivalent	0.0079	0.0120	0.0193	0.0248	0.0284	0.0202
		Tax Rate Equivalent Group weighted average	0.0034	0.0051	0.0185	0.0245	0.0375	0.0327
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2007	2007	2007	2007	2003	2003
		January 1, Prior Year Assessed Valuation	$63,778,160	64,773,128	64,128,376	61,821,183	52,904,822	48,090,321
		Tax Rate	0.4100	0.4100	0.4100	0.4100	0.4100	0.4100
		Tax Rate Group weighted average	0.2132	0.1922	0.1910	0.1936	0.2310	0.2737
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	104.60	97.76	96.72	99.78	94.90	98.39
		Assessment -to-Sales Ratio Group weighted average	96.17	101.44	87.47	87.75	77.67	88.06
		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	$60,973,384	66,257,291	66,303,118	61,957,489	55,747,968	48,877,245
		EffectiveTax Rate	0.4289	0.4008	0.3966	0.4091	0.3891	0.4034
		Group weighted average Effective Tax Rate	0.2050	0.1950	0.1670	0.1699	0.1794	0.2410
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	97.4400	97.7200	97.0400	98.2200	97.9000	97.9300
		Percent Collected Group weighted average	96.25	95.20	95.59	96.16	96.02	95.56
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	98.09	98.40	97.82	98.76	98.74	98.57
		Percent Collected Excluding Motor Vehicles Group weighted average	96.64	96.47	96.77	97.36	97.36	97.10
		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	91.39	91.08	90.13	93.72	91.65	93.37
		Percent Collected Motor Vehicles Only Group weighted average	84.30	81.89	83.96	83.47	81.48	82.58
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	29,772	28,404	31,860	30,140	28,396	27,151
		Tax Rate Equivalent	0.0467	0.0439	0.0497	0.0488	0.0537	0.0565
		Dominant County: Rowan
	Debt Information
		Population Group	500 to 999	500 to 999	500 to 999	500 to 999	500 to 999	500 to 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	$1,529,000	1,549,000	1,569,000	1,588,000	1,606,000	1,623,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	1,529,000	1,549,000	1,569,000	1,588,000	1,606,000	1,623,000
		Per Capita	$1,892	1,966	1,999	2,039	2,272	2,309
		Total Per Capita for the Population Group	178	193	200	215	212	223
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	2.5077%	2.3379%	2.3664%	2.5630%	2.8808%	3.3206%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0954%	0.0895%	0.0813%	0.0884%	0.1085%	0.1673%
		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		808	788	785	779	707	703

1.5A	FISCAL	Governmental Activities Assets	963,459	959,641	931,404	914,217	915,694	735,803
1.5B	SUMMARY	Governmental Activities Liabilities	16,092	11,500	12,380	11,573	123,510	13,881
3.5A		Business Type Activities Assets	6,916,996	7,077,082	7,214,480	7,430,686	7,511,558	7,793,714
3.5B		Business Type Activities Liabilties	1,662,158	1,675,372	1,665,513	1,669,547	1,575,621	1,695,583
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	255,394	258,859	255,538	249,887	214,153	195,360
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	2,762	6,122	409	3,035	2,232	2,942
13.0		Penalties and Interest	926	2,050	834	685	1,396	1,531
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax				17	13	8
15.1		Solid Waste Disposal Tax	535	536	363
16.0		1% Local Government Option Sales Tax	41,617	63,506	51,260	41,506	40,210	41,014
17.0		1/2% Local Government Option Sales Tax (40)	27,240	26,776	28,077	28,778	28,606	26,129
18.0		1/2% Local Government Option Sales Tax (42)	20,581	21,621	27,866	28,606	28,441	25,983
18.5		1/2% Local Government Option Sales Tax (44)	26,637	1,554	11,620	21,516	21,315	20,720
19.0		Privilege Licenses
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	1,372	1,243	1,306	1,233	6,191	7,781
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			29,505
30.0		Public Safety				19,675	20,000	20,000
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
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	339	328
44.0		Utility Franchise Tax	43,874	43,569	42,632	42,838	41,765	32,044
45.0		Beer and Wine Tax	4,283	3,618	3,934	3,402	3,364	3,105
46.0		Powell Bill	24,777	24,611	27,699	27,966	23,471	25,555
50.0		Court Fees - Facilities and Arrest Fees
51.0		General Government
52.0		Public Safety	39,828	31,469	14,108	12,611	6,699	7,415
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other					44,049	105,994
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation
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
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	725	950	750
73.0		Other Permits				875	1,550	1,600
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	14,175	14,254	14,252	14,007	13,609	13,485
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	332,502	347,642	328,875	341,916	345,343	336,746
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	5,034	7,786	12,352	15,355	15,046	9,727
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets
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
98.0		Other Miscellaneous Revenues	25,888	25,075	30,806	21,314	20,396	21,540
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases
101.0		Other			5,273
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	-620	15	2,675	1,790	3,535	9,710
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	6,600	6,600	6,600	6,600	6,600	6,600
109B	GENERAL	Governing Body - Other Direct	2,530	2,512	2,523	2,495	2,311	2,228
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	68,623	65,424	65,424	63,035	60,403	57,556
110B		Administration - Other Direct	67,731	65,550	57,830	46,075	52,957	52,919
110C		Administration - Construction
110D		Administration - Purchase of P,P&E	7,000
111A		Elections - Salaries & Wages
111B		Elections - Other Direct		1,610		787
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct	11,950	11,575	11,575	9,300	8,300	6,300
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct	2,553	3,186	1,207	840	2,226	6,851
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct	536	374	656	1,717	1,058	548
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
118B		Gen. Govt. All Other - Other Direct		603	1,820	4,999	2,519	3,711
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
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	108,407	106,500	90,400	90,400	69,585	51,675
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E
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	33,082	13,588
122B		Fire - Other Direct	102,648	93,314	71,319	64,351	94,433	90,689
122C		Fire - Construction
122D		Fire - Purchase of P,P&E		23,618	59,180	40,530
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
128B		Streets and Highways - Other Direct	12,197	11,462	12,392	11,161	11,456	10,185
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct	16,526	580	4,721	13,254	7,943	56,019
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E
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
135B		Transpor. All Other - Other Direct
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	41,784	42,602	42,512	41,505	38,293	35,711
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			18,059	19,788	19,562	16,642
140B	& PHYSICAL	Planning & Zoning - Other Direct	15,038	18,362
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct	880	880	880	880	880	880
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
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
145B		Econ. Dev. All Other - Other Direct
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	5,897	5,367	5,000	5,000	5,000	5,000
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			895	435	442	257
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	6,000
158B		Water & Sewer - Other Direct	203,914	243,068	273,639	238,170	272,617	183,723
158C		Water & Sewer - Construction					9,081	223,685
158D		Water & Sewer - Purchase of P,P&E			8,628
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	73,578	74,528	81,641	76,285	77,093	77,092
161D	SERVICE	Water & Sewer - Principal	20,000	20,000	19,000	18,000	17,000
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						2,032
166D		All Other - Principal						41,053
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
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 #	113	113	113	113	113	113
174C		Gen Gov Activities Shared W/ Cnty - Amount	5,590	5,231	5,148	4,590	4,433	4,202
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	236,859.	240,350.00	236,625.00	227,092.00	192,771.00	174,831.00
180.0		Current year's levy -- Motor vehicles (only)	25,240.	24,551.00	26,704.00	27,325.00	25,974.00	24,657.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	4,532.	3,853.00	5,156.00	2,815.00	2,422.00	2,494.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	2,173	2,189	2,635	1,715	2,170	1,634
183.0	DATA	Percentage of Taxes Collected - All Property %	97.44	97.72	97.04	98.22	97.90	97.93
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	98.09	98.40	97.82	98.76	98.74	98.57
185.0		Percentage of Taxes Collected - Motor Vehicles %	91.39	91.08	90.13	93.72	91.65	93.37
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	937,931	873,813	777,870	722,840	616,472	504,082
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	868,489	900,169	887,459	875,222	877,849	910,260
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In		18,600				11,581
194D		Amount - Net Revenues	868,489	881,569	887,459	875,222	877,849	898,679
		Calculated amount	868,489	881,569	887,459	875,222	877,849	898,679
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	813,064	835,134	841,049	760,197	764,192	947,139
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out		18,600				11,581
195D		Amount - Net Expenditures	813,064	816,534	841,049	760,197	764,192	935,558
		Calculated amount	813,064	816,534	841,049	760,197	764,192	935,558
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					4,376
401B	Water /	Number of residential accounts billed Sewer					1,225
402A	Sewer	Amount processed and/or purchased in units Water	29	29	3	26,357	27,466
402B	Operations	Amount processed and/or purchased in units Sewer	21	24	2	20,895	21,166
403A		Total amount billed in units - Water	26	26	3	25,811	24,697
403B		Total amount billed in units - Sewer	21	21	2	21,723	21,166
404A		Of the total in 403A above how many units were Residential W	24	22	2	22,730	21,774
404B		Of the total in 403B above how many units were Residential S					4,473
405A		Of the total in 403 above, how many units were Outside Muni W					3,868
405B		Of the total in 403 above, how many units were Outside Muni S					4,376
406A		Of the total in 405A above how many units were Residential W					3,770
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	89,759	98,663	88,707	88,951	86,263
408A		Dollars related to 403A above	231,373	247,386	226,778	232,581	230,650
408B		Dollars related to 403B above	84,800	87,244	81,843	82,352	79,860
409A		Dollars related to 404A above	198,067	212,427	205,007	211,495	207,868
409B		Dollars related to 404B above					30,257
410A		Dollars related to 405A above					38,009
410B		Dollars related to 405B above					29,706
411A		Dollars related to 406A above					36,632
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	439	438	444	432
421A		Number of residential accounts billed - Water	390	415	415	414
421B		Number of residential accounts billed - Sewer	33	33	34	31
422A		Number of non-residential & bulk accounts billed - Water	29	26	24	10
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	Karen Fink
951.0		Title	Town Clerk
952.0		Date	10/21/2011	10/28/2010	11/03/2009	10/31/2008	11/13/2007	11/30/2006
953.0		Contact	Karen Fink
954.0		Title	Town Clerk
955.0		Phone	704-279-7500
956.0		Fax	704-279-0408
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	808	788	785	779	707	703
Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
Total Operating Revenues	$0	347,642	328,875	341,916	345,343	336,746
Total Operating Revenues Per Capita	$0	441	419	439	488	479
Group Weighted Average Revenues Per Capita	24	275	277	274	258	215
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	126.33%	147.34%	128.89%	125.46%	113.68%
Group Weighted Average	109.63%	108.37%	108.99%	108.37%	108.05%	109.50%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	-26.33%	-47.34%	-28.89%	-25.46%	-13.68%
Group Weighted Average	-9.63%	-8.37%	-8.99%	-8.37%	-8.05%	-9.50%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	5.35%	7.60%	5.85%	14.48%	20.77%
Group Weighted Average	9.10%	1.06%	5.05%	4.83%	8.65%	8.02%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	5.85%	14.48%	17.33%
Group Weighted Average	8.76%	0.62%	0.69%	0.94%	4.11%	5.64%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	-42.36%	-64.51%	-51.12%	-46.97%	-33.10%
Group Weighted Average	285.37%	28.10%	44.73%	20.28%	46.94%	46.03%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	2.62	2.52	2.66	3.31	3.27	2.76
Group Weighted Average	3.85	3.46	3.30	2.93	2.76	3.51
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	56.8	61.4	58.9	49.1	44.2
Group Weighted Average	3.7	62.5	55.9	47.5	49.0	47.0
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	310.0	188.4	260.1	264.7	300.1
Group Weighted Average	-35.5	602.4	648.8	600.1	591.3	635.4
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$126,507	136,432	60,108	96,079	120,041	175,314

Debt to Equity	0.00	0.29	0.28	0.28	0.27	0.27
Group Weighted Average	0.02	0.12	0.12	0.13	0.14	0.15
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	1,966	1,999	2,039	2,272	2,309
Group Weighted Average	5	273	283	311	316	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
	$586,700	4,195,111	1,983,513	123,873

Capital Contributions: Excluded from income above	$0	0	0	0	0	105,994


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	1,275	NA
Estimated population of the areas served Sewer	0	0	0	0	1,225	NA

Number of Gallons of Water Processed (000) omitted	29	29	3	26,357	27,466	NA
Number of Gallons of Sewage Processed (000) omitted	21	24	2	20,895	21,166	NA

Number of Gallons of Water Billed (000) omitted	26	26	3	25,811	24,697	NA
Number of Gallons of Sewage Billed (000) omitted	21	21	2	21,723	21,166	NA

Ratio of Water Billed to Water Processed	0.90685	0.91731	0.91575	0.97928	0.89918	NA
Ratio of Sewage Billed to Sewage Processed	1.00000	0.86188	0.82731	1.03963	1.00000	NA

Total Revenue from Water Sales	89,759	98,663	88,707	88,951	86,263	NA
Total Revenue from Sewage Sales	231,373	247,386	226,778	232,581	230,650	NA

Water Revenue per 1000 gallons of Sales					67.65725	NA
Sewage Revenue per 1000 gallons of Sales					188.28571	NA

Group Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
Group Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	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	$3,481.09729	3,921.07865	36,866.21622	3.62305	3.66768	NA
Residential Sewage Sales per thousand Gallons	$10,997.63798	11,894.00896	110,218.81720	10.88273	10.66920	NA

Water Sales per thousand Gallons outside Municipal Limits					6.76436	NA
Sewage Sales per thousand Gallons outside Municipal Limits					9.82653	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 %	74.21%	100.74%	105.37%	109.58%	0.00%
Group average FBA %	100.61%	88.65%	103.21%	100.58%	125.41%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	100.61%	37.47%	29.01%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 97.90% 98.22% 97.04% 97.72% 97.44%

Pop. Group 96.02% 96.16% 95.59% 95.20% 96.25%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 500 to 999

	2007	2008	2009	2010	2011
Municipality	97.90%	98.22%	97.04%	97.72%	97.44%
Pop. Group	96.02%	96.16%	95.59%	95.20%	96.25%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 2,272 2,039 1,999 1,966 1,892

Pop. Group 212 215 200 193 178

Statewide 478 456 455 449 450

Municipal Population Group: 500 to 999

	2007	2008	2009	2010	2011
Municipality	2,272	2,039	1,999	1,966	1,892
Pop. Group	212	215	200	193	178
Statewide	478	456	455	449	450

Municipal Population Group: 500 to 999

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2007 2008 2009 2010 2011

Property Tax $308 326 327 339 321

Utility 488 439 419 441 412

Sales Tax 169 155 152 144 142

Sales & Services 21 19 18 18 18

Intergovernmental 197 137 150 131 140

Debt Proceeds 29 27 39 32 32

Other Miscellaneous 30 21 18 13 9

Total $1,242 1,124 1,123 1,118 1,074

	2007	2008	2009	2010	2011
Property Tax	$308	326	327	339	321
Utility	488	439	419	441	412
Sales Tax	169	155	152	144	142
Sales & Services	21	19	18	18	18
Intergovernmental	197	137	150	131	140
Debt Proceeds	29	27	39	32	32
Other Miscellaneous	30	21	18	13	9
Total	$1,242	1,124	1,123	1,118	1,074

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2011
2011

Category Revenue
Per Capita

Property Tax $259,082
$321

Water/Sewer 0
0

Electric 332,502
412

Other Utilities 0
0

Sales Tax 116,075
142

Sales & Services 14,175
18

Intergovernment 113,101
140

Debt Proceeds 25,888
32

Miscellaneous 7,131
9

Total $867,954
$1,074

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

General Government $167,523
$206

Water/Sewer 0
0

Electric 209,914
260

Other Utilities 0
0

Debt Service 93,578
116

Transportation 28,723
36

Public Safety 244,137
302

Other 69,189
86

Total $813,064
$1,006

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $114,305
$141

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 7,000
9

Other Operating 691,759
856

Total $813,064
$1,006

Municipal Population Group: No Electric 500 to 999

Last Updated 2/7/2012 2:20:41 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$259,082	$321
Water/Sewer	0	0
Electric	332,502	412
Other Utilities	0	0
Sales Tax	116,075	142
Sales & Services	14,175	18
Intergovernment	113,101	140
Debt Proceeds	25,888	32
Miscellaneous	7,131	9
Total	$867,954	$1,074

Municipal Population Group: No Electric 500 to 999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Faith

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Faith