North Carolina
Department of State Treasurer
Financial Information
Town of Four Oaks

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 Johnston 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			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$379,217	382,966	372,022	357,708	350,313	321,570
		Utility	823,863	741,665	699,026	706,748	701,720	719,106
		Sales Tax	122,976	117,371	116,988	151,842	152,498	122,082
		Sales & Services	220,765	213,309	230,816	182,396	193,437	170,334
		Intergovernmental	309,255	171,808	150,122	149,232	341,550	149,037
		Debt Proceeds	-	1,961	5,071	7,566	-	-
		Other Miscellaneous	65,635	54,516	66,832	67,817	102,017	54,974
		Total	$1,921,711	1,683,596	1,640,877	1,623,309	1,841,535	1,537,103

	Expenditures by Function
		Utility	$694,488	698,738	630,896	591,548	651,429	1,226,645
		Debt Service	32,910	33,190	33,609	32,919	24,831	10,648
		Transportation	171,251	159,263	140,807	202,261	157,371	135,562
		General Government	211,099	212,333	192,625	178,986	177,137	153,096
		Public Safety	352,502	330,355	314,830	355,763	308,459	324,134
		Other	290,717	174,105	139,656	280,446	236,250	168,590
		Total	$1,752,967	1,607,984	1,452,423	1,641,923	1,555,477	2,018,675

	Expenditures by Object
		Salaries & Wages	$1,121,532	553,318	543,565	571,233	529,943	559,913
		Capital Outlay	5,782	19,779	23,688	134,146	104,616	631,276
		Other Operating + Debt Service	625,653	1,034,887	885,170	936,544	920,918	827,486
		Total	$1,752,967	1,607,984	1,452,423	1,641,923	1,555,477	2,018,675


	Per Capita Revenues by Source
		Property Tax	$196	192	191	187	187	176
		Utility	426	372	359	370	375	395
		Sales Tax	63	59	61	80	82	68
		Sales & Services	114	107	119	95	103	93
		Intergovernmental	160	86	77	78	183	82
		Debt Proceeds	-	1	3	4	-	-
		Other Miscellaneous	34	27	34	35	55	30
		Total	$993	844	844	849	985	844

	Per Capita Expenditures by Function
		Utility	$359	350	324	310	348	673
		Debt Service	17	17	17	17	13	6
		Transportation	88	80	72	106	84	74
		General Government	109	106	100	93	96	84
		Public Safety	182	166	162	186	165	178
		Other	150	87	72	147	126	93
		Total	$905	806	747	859	832	1,108

	Per Capita Expenditures by Object
		Salaries & Wages	$579	277	279	299	283	307
		Capital Outlay	3	10	12	70	56	346
		Other Operating	323	519	456	490	493	455
		Total	$905	806	747	859	832	1,108

	Population Group		No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Number of Municipalites in Group	102	96	100	101	101	103
		Average Population In Group	1,623	1,660	1,652	1,661	1,642	1,638
		Town of Four Oaks Population	1,936	1,995	1,945	1,911	1,870	1,822
	Group Average Per Capita Revenues by Source
		Property Tax	433	414	422	406	369	348
		Utility	472	435	436	423	430	399
		Sales Tax	154	153	178	201	195	180
		Sales & Services	103	82	76	80	77	71
		Intergovernmental	274	233	228	217	220	243
		Debt Proceeds	36	39	33	46	38	46
		Other Miscellaneous	100	129	162	261	203	273
		Total	1,572	1,485	1,535	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	465	499	531	572	461	487
		Debt Service	139	130	154	126	110	108
		Transportation	148	142	148	140	142	131
		General Government	239	204	216	265	201	222
		Public Safety	391	348	350	384	346	326
		Other	197	177	201	203	206	205
		Total	1,579	1,500	1,600	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	527	465	480	450	427	402
		Capital Outlay	244	258	302	483	305	373
		Other Operating	808	777	818	757	733	704
		Total	1,579	1,500	1,600	1,690	1,465	1,479


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$1,106,871	935,070	919,093	892,067	888,323	809,319
	General Fund expenditures		1,025,569	876,056	787,918	1,017,456	879,217	781,382
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	-	-	44,200	-
	Excess of revenues and other sources over (under) expenditures and other uses		81,302	59,014	131,175	(125,389)	53,306	27,937

	Fund balance available (FBA):
		In dollars	$0	422,624	363,847	228,438	348,113	284,197
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	48.24	46.18	22.45	39.59	36.37
		Group weighted average FBA %	73.24	66.79	66.05	62.44	65.48	64.58
		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	$14,962	781,496	769,320	712,559	607,067	306,516
		Quick ratio	1.01	10.36	12.57	11.53	9.48	4.76
		Net income	466,313	(28,357)	6,283	44,269	213,501	23,326
		Cashflow from operations	89,915	59,708	77,461	151,524	75,623	84,485
		Depreciation & Amortization Expense	67,217	67,334	72,154	76,771	79,087	77,736



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

		Population at July 1st of the Previous Year	1,936	1,995	1,945	1,911	1,870	1,822
		Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$507,805	$1,238,329	$1,155,260	$923,966	$896,680	$581,963
		Investment Earnings	14,904	19,472	28,921	38,021	22,972	18,509
		Tax Rate Equivalent	0.0130	0.0170	0.0261	0.0354	0.0220	0.0196
		Tax Rate Equivalent Group weighted average	0.0031	0.0045	0.0131	0.0261	0.0409	0.0283
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2003	2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$114,574,726	114,864,183	110,597,412	107,279,366	104,203,664	94,660,235
		Tax Rate	0.3300	0.3300	0.3300	0.3300	0.3300	0.3300
		Tax Rate Group weighted average	0.2777	0.2970	0.2983	0.2860	0.3424	0.3297
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	98.69	90.05	85.55	89.26	91.71	97.04
		Assessment -to-Sales Ratio Group weighted average	100.82	97.69	86.77	88.94	79.96	85.71
		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	$116,095,578	127,556,006	129,278,097	120,187,504	113,623,012	97,547,645
		EffectiveTax Rate	0.3257	0.2972	0.2823	0.2946	0.3026	0.3202
		Group weighted average Effective Tax Rate	0.2800	0.2901	0.2589	0.2544	0.2737	0.2826
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	98.5600	98.8400	99.3500	98.2800	97.5500	97.5600
		Percent Collected Group weighted average	96.53	95.37	95.99	96.86	97.18	96.94
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	99.43	99.84	99.77	99.61	99.10	98.95
		Percent Collected Excluding Motor Vehicles Group weighted average	97.18	95.99	96.67	97.78	98.01	97.76
		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	89.42	88.49	95.56	87.15	83.98	82.70
		Percent Collected Motor Vehicles Only Group weighted average	84.33	85.45	84.60	85.16	86.07	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	34,990	34,096	37,061	39,310	38,565	30,187
		Tax Rate Equivalent	0.0305	0.0297	0.0335	0.0366	0.0370	0.0319
		Dominant County: Johnston
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	0	0	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	236	256	265	277	294	297
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1642%	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%
		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	600,000
		--General Government	0	0	0	0	0	0
		Total*	$0	0	0	0	0	600,000
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$562,000	570,000	578,000	586,000	593,000	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		1,936	1,995	1,945	1,911	1,870	1,822

1.5A	FISCAL	Governmental Activities Assets	1,280,235	1,252,769	1,256,362	1,175,955	1,246,416	1,186,426
1.5B	SUMMARY	Governmental Activities Liabilities	24,932	28,514	28,110	33,641	28,999	33,235
3.5A		Business Type Activities Assets	3,756,460	3,294,109	3,319,761	3,323,234	3,281,661	2,992,855
3.5B		Business Type Activities Liabilties	645,620	649,582	646,877	656,633	659,329	584,024
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties						3
10.0	PART 2	Current Collections of Unit -Wide Levy	373,598	374,992	368,774	349,429	339,576	308,744
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	3,552	5,946	1,190	5,964	7,956	11,052
13.0		Penalties and Interest	2,067	2,028	2,058	2,315	2,781	1,774
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax		1,336
16.0		1% Local Government Option Sales Tax	43,460	41,655	43,274	59,242	59,868	48,677
17.0		1/2% Local Government Option Sales Tax (40)	29,012	27,782	28,990	33,169	32,787	25,648
18.0		1/2% Local Government Option Sales Tax (42)	28,508	24,641	28,248	32,920	32,528	25,477
18.5		1/2% Local Government Option Sales Tax (44)	21,996	23,293	16,476	26,511	27,315	22,280
19.0		Privilege Licenses		3,095	3,398	3,369	3,482	3,483
19.2		Privilege -- All other privileges and pemits	3,569
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	1,608	1,393	1,220	1,183	6,474	5,184
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
30.0		Public Safety
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	77,058	78,587	77,309	70,310	69,489	62,601
45.0		Beer and Wine Tax	8,793	2,774	8,582	8,164	8,233	7,796
46.0		Powell Bill	57,744	56,545	64,013	70,272	62,052	61,865
50.0		Court Fees - Facilities and Arrest Fees	460		5	486	265	775
51.0		General Government
52.0		Public Safety		500	213		1,550
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection					199,961
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other		33,402
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	250					16,000
64.0		Transportation - Streets	163,598
65.0		Transportation - All Other
66.0		Environmental Protection	1,352
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	16,278	14,263	14,554	16,418	15,689	18,912
72.0	& FEES	Inspection Fees	825	500	300	700	2,970
72.1		Amusements licensing and permit taxes	8,320	8,208	8,309
73.0		Other Permits						350
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	206,908	208,706	206,460	176,346	173,640	169,984
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries	5,995	2,000	15,700	6,050	19,797
81.0		Recreation Service Revenues	7,862	2,603	8,656
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	17,580	6,281		6,978	5,136	1,838
86.0	UTILITY	Water and Sewer Charges	806,283	735,384	699,026	699,770	696,584	717,268
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	14,904	19,472	28,921	38,021	22,972	18,509
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets	245				44,200	3,198
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals	13,402
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution	6,484	7,585	10,130	8,126	6,230	5,688
98.0		Other Miscellaneous Revenues		1,961	5,071	7,566
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases
101.0		Other
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	-630	1,775	3,040	1,515	3,160	1,105
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	3,875	3,875	3,730	4,844	693	17,322
109B	GENERAL	Governing Body - Other Direct
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	97,367	88,629	91,663	53,822	43,862	47,186
110B		Administration - Other Direct	80,471	94,688	75,850	96,777	105,786	67,731
110C		Administration - Construction
110D		Administration - Purchase of P,P&E		4,774	1,200	1,594	251
111A		Elections - Salaries & Wages
111B		Elections - Other Direct				4,107
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct	7,407	7,351	7,323	6,953	7,167	6,258
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct	11,886	4,326	4,599	975	10,206	5,868
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct	10,093	8,690	8,260	9,914	9,172	8,731
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
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	233,806	210,186	213,316	253,269	208,843	230,445
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	41,893	40,221	34,980	36,913	31,184	25,137
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E		2,600	921	2,949	18,853	21,321
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	32,847
122B		Fire - Other Direct	35,662	69,246	56,938	53,851	41,779	38,728
122C		Fire - Construction
122D		Fire - Purchase of P,P&E
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	34,951
127B	TATION	Traffic Engineering - Other Direct	78,556
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages		31,770	34,432	53,501	50,381	47,153
128B		Streets and Highways - Other Direct		70,107	32,874	20,460	17,398	26,544
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E		841	9,488	58,028	27,540
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	57,744	56,545	64,013	70,272	62,052	61,865
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	29,980	40,836	36,473	70,958	92,369	87,148
136B	MENTAL	Solid Waste - Other Direct	77,888	78,376	85,150	90,420	86,071	81,442
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E				71,575
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	11,990	11,990	11,990	47,493
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
140B	& PHYSICAL	Planning & Zoning - Other Direct
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct
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					57,810
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	170,859	42,903	6,043
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	688,706	178,022	163,951	134,839	133,795	130,659
158B		Water & Sewer - Other Direct		509,152	454,866	456,709	459,662	486,031
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E	5,782	11,564	12,079		57,972	609,955
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	24,910	25,190	25,609	25,919	24,831	10,648
161D	SERVICE	Water & Sewer - Principal	8,000	8,000	8,000	7,000
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
166D		All Other - Principal
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	8,294	8,102	8,675	8,781	7,800	8,503
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	346,063.	345,864.00	330,980.00	317,475.00	312,374.00	289,318.00
180.0		Current year's levy -- Motor vehicles (only)	33,009.	33,542.00	36,292.00	38,079.00	35,746.00	27,155.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	1,981.	554.00	769.00	1,231.00	2,819.00	3,032.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	3,493	3,860	1,610	4,894	5,725	4,697
183.0	DATA	Percentage of Taxes Collected - All Property %	98.56	98.84	99.35	98.28	97.55	97.56
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	99.43	99.84	99.77	99.61	99.10	98.95
185.0		Percentage of Taxes Collected - Motor Vehicles %	89.42	88.49	95.56	87.15	83.98	82.70
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						1,372
189C	INVEST	Cash On Hand & in Bank - All Other	507,805	1,238,329	1,155,260	923,966	896,680	581,963
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	1,921,711	1,684,932	1,640,877	1,623,309	1,841,535	1,537,103
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues	1,921,711	1,684,932	1,640,877	1,623,309	1,841,535	1,537,103
		Calculated amount	1,921,711	1,684,932	1,640,877	1,623,309	1,841,535	1,537,103
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	1,752,967	1,607,984	1,452,423	1,641,923	1,555,477	2,018,675
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures	1,752,967	1,607,984	1,452,423	1,641,923	1,555,477	2,018,675
		Calculated amount	1,752,967	1,607,984	1,452,423	1,641,923	1,555,477	2,018,675
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					17,036
401B	Water /	Number of residential accounts billed Sewer					2,014
402A	Sewer	Amount processed and/or purchased in units Water		75	81	75,254	81,027
402B	Operations	Amount processed and/or purchased in units Sewer		62	59	55,113	58,248
403A		Total amount billed in units - Water		74	77	75,839	69,927
403B		Total amount billed in units - Sewer		57	56	57,089	53,301
404A		Of the total in 403A above how many units were Residential W		57	55	58,247	54,514
404B		Of the total in 403B above how many units were Residential S					20,657
405A		Of the total in 403 above, how many units were Outside Muni W					6,977
405B		Of the total in 403 above, how many units were Outside Muni S					17,036
406A		Of the total in 405A above how many units were Residential W					4,314
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	296,497	296,260	262,420	266,089	255,035
408A		Dollars related to 403A above	402,439	397,900	380,240	386,281	370,663
408B		Dollars related to 403B above	233,337	233,840	219,000	218,804	205,220
409A		Dollars related to 404A above	288,693	291,270	278,640	281,255	283,433
409B		Dollars related to 404B above					102,041
410A		Dollars related to 405A above					63,567
410B		Dollars related to 405B above					87,819
411A		Dollars related to 406A above					43,755
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	1,185	1,187	1,177	1,165
421A		Number of residential accounts billed - Water	900	905	891	920
421B		Number of residential accounts billed - Sewer	138	132	130	126
422A		Number of non-residential & bulk accounts billed - Water	125	121	120	116
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	Linwood Parker
951.0		Title	Mayor
952.0		Date	10/31/2011	12/17/2010	11/06/2009	12/82008	12/05/2007	01/04/2007
953.0		Contact	Linwood Parker
954.0		Title	Mayor
955.0		Phone	919-963-3112
956.0		Fax	919-963-3113
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	1,936	1,995	1,945	1,911	1,870	1,822
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
Total Operating Revenues	$0	735,384	699,026	699,770	696,584	717,268
Total Operating Revenues Per Capita	$0	369	359	366	373	394
Group Weighted Average Revenues Per Capita	34	289	290	290	274	263
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	102.40%	98.69%	94.48%	96.28%	96.73%
Group Weighted Average	99.05%	105.51%	106.51%	104.66%	105.75%	103.04%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	-2.40%	1.31%	5.52%	3.72%	3.27%
Group Weighted Average	0.95%	-5.51%	-6.51%	-4.66%	-5.75%	-3.04%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	16.51%	10.42%	6.34%	4.91%	3.25%	3.52%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	18.35%	1.61%	7.42%	1.88%	2.88%	15.74%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	-3.86%	0.90%	6.33%	1.94%	3.25%
Group Weighted Average	-77.01%	11.11%	-26.45%	26.08%	15.63%	14.62%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	1.01	10.36	12.57	11.53	9.48	4.76
Group Weighted Average	3.96	3.33	3.09	2.80	3.18	3.56
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	36.4	33.3	33.2	56.5	50.9
Group Weighted Average	4.1	45.5	45.4	50.5	49.9	43.3
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	412.6	441.0	434.6	342.4	164.6
Group Weighted Average	-105.6	471.6	447.9	455.0	692.9	524.2
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$89,915	59,708	77,461	151,524	75,623	84,485

Debt to Equity	0.00	0.22	0.22	0.22	0.22	0.21
Group Weighted Average	0.27	0.24	0.26	0.29	0.27	0.28
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	286	297	307	313	277
Group Weighted Average	38	422	451	482	433	421
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
	$24,410	1,338	5,000	118,601

Capital Contributions: Excluded from income above	$433,035	0	0	0	199,961	0


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	2,268	NA
Estimated population of the areas served Sewer	0	0	0	0	2,014	NA

Number of Gallons of Water Processed (000) omitted	0	75	81	75,254	81,027	NA
Number of Gallons of Sewage Processed (000) omitted	0	62	59	55,113	58,248	NA

Number of Gallons of Water Billed (000) omitted	0	74	77	75,839	69,927	NA
Number of Gallons of Sewage Billed (000) omitted	0	57	56	57,089	53,301	NA

Ratio of Water Billed to Water Processed	0.88889	0.98667	0.95062	1.00777	0.86301	NA
Ratio of Sewage Billed to Sewage Processed	1.00000	0.91935	0.94915	1.03585	0.91507	NA

Total Revenue from Water Sales	296,497	296,260	262,420	266,089	255,035	NA
Total Revenue from Sewage Sales	402,439	397,900	380,240	386,281	370,663	NA

Water Revenue per 1000 gallons of Sales					112.44929	NA
Sewage Revenue per 1000 gallons of Sales					184.04320	NA

Group Average Sales per thousand Gallons Water	$0.00016	$58.68442	$27.87923	$1,769.81984	$14,046.04813	NA
Group Average Sales per thousand Gallons Sewage	$0.00023	$82.78241	$36.57171	$899.82774	$7,994.92601	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	$3,888,950.00000	4,102.45614	3,981.81818	3.75649	3.76454	NA
Residential Sewage Sales per thousand Gallons	$7,217,325.00000	7,281.75000	7,144.61538	6.79114	7.09665	NA

Water Sales per thousand Gallons outside Municipal Limits					4.93978	NA
Sewage Sales per thousand Gallons outside Municipal Limits					9.11094	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

Go to top of page

Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	39.59%	22.45%	46.18%	48.24%	0.00%
Group average FBA %	65.48%	62.44%	66.05%	66.79%	73.24%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	65.48%	37.47%	29.01%

Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page

2007 2008 2009 2010 2011

Municipality 97.55% 98.28% 99.35% 98.84% 98.56%

Pop. Group 97.18% 96.86% 95.99% 95.37% 96.53%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	97.55%	98.28%	99.35%	98.84%	98.56%
Pop. Group	97.18%	96.86%	95.99%	95.37%	96.53%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page

2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 294 277 265 256 236

Statewide 478 456 455 449 450

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	294	277	265	256	236
Statewide	478	456	455	449	450

Municipal Population Group: 1,000 to 2,499

Go to top of page

2007 2008 2009 2010 2011

Property Tax $187 187 191 192 196

Utility 375 370 359 372 426

Sales Tax 82 80 61 59 63

Sales & Services 103 95 119 107 114

Intergovernmental 183 78 77 86 160

Debt Proceeds 0 4 3 1 0

Other Miscellaneous 55 35 34 27 34

Total $985 849 844 844 993

	2007	2008	2009	2010	2011
Property Tax	$187	187	191	192	196
Utility	375	370	359	372	426
Sales Tax	82	80	61	59	63
Sales & Services	103	95	119	107	114
Intergovernmental	183	78	77	86	160
Debt Proceeds	0	4	3	1	0
Other Miscellaneous	55	35	34	27	34
Total	$985	849	844	844	993

Go to top of page

2011
2011

Category Revenue
Per Capita

Property Tax $379,217
$196

Water/Sewer 17,580
9

Electric 806,283
416

Other Utilities 0
0

Sales Tax 122,976
63

Sales & Services 220,765
114

Intergovernment 309,255
160

Debt Proceeds 0
0

Miscellaneous 65,635
34

Total $1,921,711
$993

Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page

2011
2011

Category Expenditures
Per Capita

General Government $211,099
$109

Water/Sewer 0
0

Electric 694,488
359

Other Utilities 0
0

Debt Service 32,910
17

Transportation 171,251
88

Public Safety 352,502
182

Other 290,717
150

Total $1,752,967
$905

Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page

2011
2011

Category Expenditures
Per Capita

Salaries & Wages $1,121,532
$579

Water/Sewer Capital 0
0

Electric Capital 5,782
3

Other Capital 0
0

Other Operating 625,653
323

Total $1,752,967
$905

Municipal Population Group: No Electric 1,000 to 2,499

Last Updated 2/7/2012 2:21:17 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$379,217	$196
Water/Sewer	17,580	9
Electric	806,283	416
Other Utilities	0	0
Sales Tax	122,976	63
Sales & Services	220,765	114
Intergovernment	309,255	160
Debt Proceeds	0	0
Miscellaneous	65,635	34
Total	$1,921,711	$993

Municipal Population Group: No Electric 1,000 to 2,499

North CarolinaDepartment of State TreasurerFinancial InformationTown of Four Oaks

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Four Oaks