North Carolina
Department of State Treasurer
Financial Information
Town of Fremont



Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Electric System 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 Wayne 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
200820072006200520042003

Revenues by Source







Property Tax$314,358 307,224 305,248 312,129 228,865 204,024


Utility 2,340,305 2,294,947 2,232,899 2,058,243 2,008,455 1,824,650


Sales Tax 151,555 152,040 167,137 125,183 122,053 103,205


Sales & Services 109,404 143,470 126,886 120,709 121,964 112,133


Intergovernmental 1,501,706 437,424 318,768 1,303,638 1,161,451 1,179,392


Debt Proceeds - - - - - -


Other Miscellaneous 133,168 179,315 166,633 48,587 166,772 387,382


Total$4,550,496 3,514,420 3,317,571 3,968,489 3,809,560 3,810,786










Expenditures by Function







Utility$3,517,347 2,801,533 2,083,496 2,835,244 2,639,733 3,022,500


Debt Service 86,407 91,176 116,352 75,943 44,544 43,553


Transportation 127,763 139,068 129,712 220,431 122,246 125,866


General Government 224,966 245,874 301,331 199,697 474,125 238,053


Public Safety 330,411 310,000 634,033 255,285 294,418 273,762


Other 173,060 109,962 109,024 298,162 379,418 199,516


Total$4,459,954 3,697,613 3,373,948 3,884,762 3,954,484 3,903,250










Expenditures by Object







Salaries & Wages$848,995 728,254 692,564 693,363 769,113 798,665


Capital Outlay 1,431,205 360,377 517,385 942,866 811,429 1,508,408


Other Operating + Debt Service 2,179,754 2,608,982 2,163,999 2,248,533 2,373,942 1,596,177


Total$4,459,954 3,697,613 3,373,948 3,884,762 3,954,484 3,903,250



















Per Capita Revenues by Source







Property Tax$223 217 214 218 160 142


Utility 1,657 1,617 1,563 1,437 1,406 1,268


Sales Tax 108 108 116 88 87 71


Sales & Services 77 101 89 84 85 78


Intergovernmental 1,064 308 223 910 813 820


Debt Proceeds - - - - - -


Other Miscellaneous 94 126 117 34 117 269


Total$3,223 2,477 2,322 2,771 2,668 2,648










Per Capita Expenditures by Function







Utility$2,491 1,974 1,458 1,980 1,849 2,100


Debt Service 61 64 81 53 31 30


Transportation 90 98 91 154 86 87


General Government 160 175 211 140 331 166


Public Safety 234 218 444 178 206 190


Other 123 77 76 208 266 139


Total$3,159 2,606 2,361 2,713 2,769 2,712










Per Capita Expenditures by Object







Salaries & Wages$601 513 485 484 539 555


Capital Outlay 1,014 254 362 658 568 1,048


Other Operating 1,544 1,839 1,514 1,571 1,662 1,109


Total$3,159 2,606 2,361 2,713 2,769 2,712










Population GroupElectric 1,000 to 2,499 Electric 1,000 to 2,499 Electric 1,000 to 2,499 Electric 1,000 to 2,499 Electric 1,000 to 2,499 Electric 1,000 to 2,499


Number of Municipalites in Group 8 9 9 9 10 10


Average Population In Group 1,854 1,906 1,915 1,922 1,990 2,002


Town of Fremont Population 1,412 1,419 1,429 1,432 1,428 1,439

Group Average Per Capita Revenues by Source







Property Tax 176 186178178155148


Utility 1,578 1,8161,7311,6051,4981,483


Sales Tax 132 14313112510795


Sales & Services 79 11186847160


Intergovernmental 258 253337293319517


Debt Proceeds 37 14418044


Other Miscellaneous 108 153130111103124


Total 2,368 2,6632,6372,4142,2532,471










Group Average Per Capita Expenditures by Function







Utility 1,531 1,6861,7481,5981,5141,475


Debt Service 82 8688837259


Transportation 70 130122130160118


General Government 134 120111145134139


Public Safety 281 312310272257243


Other 206 217193188190436


Total 2,304 2,5512,5722,4162,3272,470










Group Average Per Capita Expenditures by Object







Salaries & Wages 540 564532536514494


Capital Outlay 175 130202185167311


Other Operating 1,589 1,8571,8381,6951,6461,665


Total 2,304 2,5512,5722,4162,3272,470


















General Fund
Go to top of page
200820072006200520042003

General Fund revenues$853,555 877,155 1,028,317 787,584 996,720 648,113

General Fund expenditures 874,800 828,925 1,179,605 797,459 1,027,912 822,947

Operating transfers in 40,000 38,600 38,600 38,600 30,000 33,000

Operating transfers out 10,132 92,995 78,157 10,131 1,711 -

Capital leases and installment purchase proceeds - - 250,000 - - -

Other items - 4,613 8,117 2,300 - -

Excess of revenues and other sources over (under) expenditures and other uses 8,623 (1,552) 67,272 20,894 (2,903) (141,834)










Fund balance available (FBA):







In dollars$522,610 521,382 362,023 302,436 288,058 213,810


FBA as a % of GF Net Expenditures:







Unit's FBA %59.0656.5535.9237.4527.9825.98


Group weighted average FBA %83.1482.7974.6974.9362.4964.82


State weighted average Electric Group35.3634.0235.6936.3036.1234.92


State weighted average FBA %36.2036.3736.3136.7636.3536.06

















Enterprise Funds:
Go to top of page







Electric, Water/Sewer













Combined financial results:







Working capital$530,343 463,681 544,390 483,016 549,333 747,881


Quick ratio1.60 1.58 1.61 1.57 1.73 2.28


Net income1,230,335 50,108 89,475 (255,472)(485,839)1,024,918


Cashflow from operations20,977 78,516 (70,179)176,580 (253,715)(81,319)


Depreciation & Amortization Expense237,919 241,022 123,502 172,624 225,242 227,213


























Cash, Investments and Financing
Go to top of page
200820072006200520042003











Population at July 1st of the Previous Year1,4121,4191,4291,4321,4281,439


Population GroupElectric 1,000 to 2,499 Electric 1,000 to 2,499 Electric 1,000 to 2,499 Electric 1,000 to 2,499 Electric 1,000 to 2,499 Electric 1,000 to 2,499


Cash &Investments$710,431 818,000 891,499 956,864 921,056 1,030,250


Investment Earnings37,605 47,457 38,222 14,374 7,951 14,597


Tax Rate Equivalent0.07730.09850.08030.03020.01640.0385


Tax Rate Equivalent Group weighted average0.15220.19700.13850.07310.05000.0821


Tax Rate Equivalent Statewide weighted average0.05240.09200.05730.04150.03400.0332


Latest year of Revaluation 200320032003200320031995


January 1, Prior Year Assessed Valuation$48,636,611 48,181,824 47,607,264 47,527,814 48,612,004 37,935,869


Tax Rate0.65000.65000.65000.65000.55000.5500


Tax Rate Group weighted average0.52990.47260.46670.46930.46650.4507


Tax Rate State Wide0.42540.44550.43210.44480.45660.4594


Assessment -to-Sales Ratio87.9590.8394.5298.2299.8774.50


Assessment -to-Sales Ratio Group weighted average81.1680.8686.9990.6087.4789.26


Assessment -to-Sales Ratio Statewide88.5288.4192.2892.3592.1889.54


Assessed Valuation Adjusted for Assesment to Sales Ratio$55,300,297 53,046,157 50,367,397 48,389,141 48,675,282 50,920,630


EffectiveTax Rate0.57170.59040.61440.63840.54930.4098


Group weighted average Effective Tax Rate0.43010.38210.40600.42520.40800.4023


Statewide weighted average Effective Tax Rate0.37650.39390.39870.41080.42090.4113


Percent Collected93.1092.2491.7192.2389.9891.86


Percent Collected Group weighted average94.6293.0993.3792.7791.3390.84


Percent Collected Statewide97.9797.5997.5597.4297.3196.96


Percent Collected Excluding Motor Vehicles95.3294.5094.6294.8293.3296.46


Percent Collected Excluding Motor Vehicles Group weighted average94.0595.1095.0594.3193.3694.06


Percent Collected Excluding Motor Vehicles Statewide weighted average98.6698.5998.6198.3698.2698.31


Percent Collected Motor Vehicles Only 79.0376.8875.2879.9570.7575.10


Percent Collected Motor Vehicles Only Group weighted average79.3480.7181.6783.0577.7274.35


Percent Collected Motor Vehicles Only Statewide weighted average 86.7486.7186.8087.3187.6286.69


Tax Uncollected9,164 24,207 26,170 23,909 25,373 18,489


Tax Rate Equivalent0.01880.05020.05500.05030.05220.0487


Dominant County: Wayne






Debt Information








Population Group1,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 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$825,381 843,381 859,881 875,881 890,381 904,881


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt825,381 843,381 859,881 875,881 890,381 904,881


Per Capita$585 594 602 612 624 629


Total Per Capita for the Population Group274 294 297 306 297 #N/A


Total Per Capita Statewide456 478 495 505 548 #N/A


Total per Assessed Valuation Adjusted for Current Year Sales1.4925%1.5899%1.7072%1.8101%1.8292%1.7770%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1848%0.2336%0.2606%0.2847%0.2930%#N/A


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4131%0.4706%0.5275%0.5588%0.6442%#N/A


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$0 0 0 0 0 0


--General 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






LineSectionDescription200820072006200520042003

Population at July 1st of the Previous Year Adjusted for Boundry Changes1,4121,4191,4291,4321,4281,439









1ANon GASB34General Fund Assets




839,023
1BFISCAL General Fund Liabilities




355,110
2ASUMMARYDebt-service Assets





2B
Debt service Liabilities





3A
Enterprise Assets




8,701,547
3B
Enterprise Liabilities




1,565,713
4A
Internal Service Assets





4B
Internal service Liabilities





5A
Special Revenue Assets




101
1.5AGASB34Governmental Activities Assets1,693,5961,734,9741,467,6791,350,2791,574,434
1.5BFISCAL Governmental Activities Liabilities414,665424,193452,946239,576317,667
3.5ASUMMARYBusiness Type Activities Assets9,337,7728,036,7937,914,5378,510,3058,953,341
3.5B
Business Type Activities Liabilties1,138,5441,237,7561,163,5881,611,9951,752,879
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





5B
Special Revenue Liabilities




473
6A
Trust & Agency Assets





6B
Trust & Agency Liabilities





7A
Capital Project Assets





7B
Capital Project Liabilities





8A
General Fixed Assets




2,493,720
9B
General Long term debt - Liabilities




79,479
10PART 2Current collections of unit-wide levy295,096287,673252,467307,135227,128196,270
11TAXCurrent collection of special tax districts69,46663,11561,991


12REVENUESPrior years' levy collections14,96315,69348,708

4,731
13
Penalties and interest4,2993,8584,0734,9941,7373,023
14
Collection of taxes previously written off





15
Animal tax





16
1% Local government sales and use tax54,85553,00546,728125,183122,053103,205
17
1/2% Local government sales and use taxes (Article 40)34,87627,63533,546


18
1/2% Local government sales and use taxes (Article 42)34,63935,58728,119


18.5
1/2% Local government sales and use taxes (Article 44)27,18535,81358,744


19
Licenses Privilege



840790
19.1
Privilege - Occupational & business licensing & permit taxes
240440744

19.2
Privilege -- All other privileges and pemits45




20
General Municipal Vehicle Tax





21
Vehicle Tax for Public Transportation





22
Other licenses - Include CATV1,013

8,6877,5567,674
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 government



305,791
30
Public safety

134,209


31
Transportation - Streets





32
Transportation - All other





33
Utility franchise tax



52,423
34
Housing/community development





35
All Other





36
Human services: Health, mental health, hospitals





37
All other





38
Culture and recreation





39STATEState Payment in Lieu of Taxes





40INTERGOVControlled substance tax





41REVENUESIntangibles tax reimbursement + Transistional Hold Harmless Revenues7,82112,96315,08115,90215,902
42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax67,21858,61251,73749,17248,65432,357
45
Beer and Wine tax6,5366,4576,3256,3216,1806,126
46
Powell Bill56,94451,37152,51652,86048,54553,635
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees4,519

390255500
51
General Government





52
Public safety
25,38819,076


53
Transportation - Streets




18,892
54
Transportation - All other





55
Environmental protection


941,673391,5551,011,637
56
Econ. & Phys. Dev. - Housing/Comm. Dev.
282,633
168,920229,422
57
Econ. & Phys. Dev. - All Other1,344,820
36,644


58
Human Services: Health, mental health, hospitals





59
All Other





60
Culture and recreation





61LOCALLOCAL Payment in lieu of taxes





62INTERGOVGeneral government





63REVENUESPublic safety13,848
3,18068,40062,72453,245
64
Transportatin - Streets





65
Transportation - All other





66
Environmental protection





67
Economic and physical development





68
Human Services: Health, Mental Health & Hosp





69
Human Services: All Other





70
Culture and recreation




3,000
71PERMITS Building permits





72& FEESInspection fees240801,760


72.1
Amusements licensing and permit taxes





73
Other permits





74SALES &Parking revenues





75SERVICESRents and royalties5001,750

3,600
76
Airport





77
Fire protection charges





78
Solid waste104,054110,636109,565110,962110,364103,933
79
Ambulance and rescue squad charges





80
Cemeteries4,8507,5507,0009,6008,0008,200
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
23,53410,321147

86UTILITYWater and sewer charges841,149868,647807,944786,669716,127568,733
87REVENUESElectric charges1,499,1561,426,3001,424,9551,271,5741,292,3281,255,917
88
Gas charges





88.1
Storm Water Fees





89MISC.On bond proceeds





90REVENUESOn general and all other funds37,60547,45738,22214,3747,95114,597
91
Special assessments





92
Private contribution and donations





93
Sales of materials and fixed assets


2,300
8,442
94
Sales of real property





95
Nongovernment contributions for streets and traffic signals





96
Mixed drink surcharge





97
ABC profit distribution5,5326,0571,3979932,9912,337
98
Other miscellaneous revenues19,26757,75362,82321,489147,434120,436
99
Proceeds of the sale of bonds and notes





100
Proceeds of capital leases and installment purchases





101
Other
4,613


233,106
102NON-REVSupplemental schools taxes - current levy collections

252,467


103RECEIPTSPrior years' levy collections

8,507


104
Tax collections for units other than reporting unit





105
Utilities customers' deposits3,937
-3,146
396-1,590
106
Deposits other than utility





107
Prepaid taxes





108
Prepaid privilege licenses





109APART 4Governing body - Salaries85,63891,01781,06213,75313,20013,200
109BGENERALGoverning body - All other Direct139,328154,857108,575


109CGOVTGoverning body - Construction





109D
Governing body - Land, Equipment and Existing Structures

111,694


110A
Administration - Salaries


74,57571,94089,402
110B
Administration - All other Direct


109,75973,786104,083
110C
Administration - Construction





110D
Administration - Land, Equipment and Existing Structures


1,610

111A
Elections (cost of) - Salaries





111B
Elections (cost of) - All other Direct





111C
Elections (cost of) - Construction





111D
Elections (cost of) - Land, Equipment and Existing Structures





112A
Finance - Salaries





112B
Finance - All other Direct





112C
Finance - Construction





112D
Finance - Land, Equipment. and Existing Structures





113A
Taxes - Salaries





113B
Taxes - All other Direct





113C
Taxes - Construction





113D
Taxes - Land, Equipment, and Existing Structures





114A
Legal - Salaries





114B
Legal - All other Direct





114C
Legal - Construction





114D
Legal - Land, Equipment, and Existing Structures





115A
Public Buildings - Salaries





115B
Public Buildings - All other Direct





115C
Public Buildings - Construction



315,19931,368
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 - Salaries





118B
General Government All Other - All other Direct





118C
General Government All Other - Construction





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





119APUBLICPolice and Communications - Salaries202,055167,019141,558153,356168,720160,104
119BSAFETYPolice and Communications - All other Direct55,37840,21728,13922,15921,83718,961
119C
Police and Communications - Construction





119D
Police and Communications - Land, Equipment and Existing Structures17,84311,17347,293
7,60910,269
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 - Salaries10,92311,81911,3209,0797,06910,676
122B
Fire - All other Direct39,60060,41448,88035,40251,72936,641
122C
Fire - Construction





122D
Fire - Land, Equipment, and Existing Structures
15,679352,49924,29631,61331,613
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 - Salaries35,03745,40140,83039,87239,70149,765
128B
Streets and Highways - All other Direct38,75835,31936,94535,53137,69638,605
128C
Streets and Highways - Construction





128D
Streets and Highways - Land, Equipment and Existing Structures
4,380


7,500
129A
Street Cleaning - Salaries





129B
Street Cleaning - All other Direct





129C
Street Cleaning - Construction





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





130A
State Street Aid Allocation - Powell Bill - Salries53,35741,54240,34337,98336,69126,753
130B
State Street Aid Allocation - Powell Bill - All other Direct6112,20611,594107,0458,1583,243
130C
State Street Aid Allocation - Powell Bill - Construction





130D
State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
10,220



131A
Parking Facilities - Salaries





131B
Parking Facilities - All other Direct





131C
Parking Facilities - Construction





131D
Parking Facilites - Land, Equipment, and Existing Structures





132A
Mass Transit - City - Salaries





132B
Mass Transit - City - All other Direct





132C
Mass Transit - City - Construction





132D
Mass Transit - City - Land, Equipment, and Existing Structures





133B
Mass Transit - Private - All other Direct only





134A
Airport - Salaries





134B
Airport - All other Direct





134C
Airport - Construction





134D
Airport - Land, Equipment, and Existing Structures





135A
Transportation - All Other - Salaries





135B
Transportation - All Other - All other Direct





135C
Transportation - All Other - Construction





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





136AENVIRONSolid Waste - Salaries71,64549,87438,45037,46675,51772,200
136BMENTALSolid Waste - All other Direct43,37022,20742,07923,13929,97828,333
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Land, Equipment, and Existing Structures27,027

17,682

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 Direct10,0279,03910,9898,1976,2068,300
138C
Cemeteries - Construction





138D
Cemeteries - Land, Equipment, and Existing Structures




38,000
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





140B& PHYSICALPlanning and Zoning - All other Direct





140CDEVELOPPlanning and Zoning - Construction





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





141A
Economic Development - Salaries





141B
Economic Development - All other Direct





141C
Economic Development - Construction





141D
Economic Development - Land, Equipment, and Existing Structures





142A
Community Development - Salaries





142B
Community Development - All other Direct


168,920229,422372
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





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]





145B
Economic and Physical Development - All Other - All other Direct





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 Direct20,99112,83217,50613,91113,48616,724
153C
Recreation and Parks - Construction





153D
Recreation and Parks - Land, Equipment, and Existing Structures
16,010



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 - Salaries190,484204,861196,684189,073240,393260,087
158B
Water and Sewer - All other Direct437,222902,562497,024526,664737,626273,427
158C
Water and Sewer - Construction
302,915
899,278457,0081,353,194
158D
Water and Sewer - Land, Equipment, and Existing Structures1,386,335
1,880

17,057
159A
Electric Power - Salaries199,856116,721142,317138,206115,882116,478
159B
Electric Power - All other Direct1,303,4501,274,4741,241,5721,082,0231,088,824982,850
159C
Electric Power - Construction





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

4,019

19,407
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 Payments57,675
100,71649,49042,83343,553
161DSERVICEWater and Sewer - Debt Service Principal Payments


17,232

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 Payments28,73258,22315,6362,1211,711
166D
All Other - Debt Service Principal Payments
32,953
7,100

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)4,6123,6794,34410,9935,8415,498
172B
Fringe Benefits Other - (B)


28,84724,80935,587
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 Vehicles273,718271,894268,094253,788215,772178,170
180 OTHERCurrent Year Levy Motor Vehicles Only43,25539,98647,47753,73037,48348,922
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles12,80614,96214,43513,13414,4106,306
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles9,0719,24511,73510,77510,96312,183
183
Percentage of Taxes Collected - Current Year All Property93.192.2491.7192.2389.9891.86
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles95.3294.5094.6294.8293.3296.46
185
Percentage of Taxes Collected - Current Year - Motor Vehicles79.0376.8875.2879.9570.7575.10
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 Other710,431818,000891,499956,864921,0561,030,250
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 audit4,550,4963,728,0383,317,5714,073,8113,884,1043,887,339
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in
213,618
105,32274,54476,553
194D
Amounts - Net Revenues per AFIR4,550,4963,514,4203,317,5713,968,4893,809,5603,810,786


Calculated amount4,550,4963,514,4203,317,5713,968,4893,809,5603,810,786


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit4,459,9543,911,2313,373,9483,990,0844,029,0283,979,803
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out
213,618
105,32274,54476,553
195D
Amounts Net Expenditures per AFIR4,459,9543,697,6133,373,9483,884,7623,954,4843,903,250


Calculated amount4,459,9543,697,6133,373,9483,884,7623,954,4843,903,250


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatoryKaren L. Peeden


951
Title of OfficialFinance Officer


952
Date Certified02/12/200911/05/200710/31/2006


953
Person to ContactKaren L. Peeden


954
Title of Person to ContactFinance Officer


955
Telephone Number(919)242-5151ext202


956
Facsimile Number(919)242-7212






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



Town of Fremont













200820072006200520042003








Population
1,4121,4191,4291,4321,4281,439
Population Group
Electric 2,499 and Below Electric 2,499 and Below Electric 2,499 and Below Electric 2,499 and Below Electric 2,499 and Below Electric 2,499 and Below
Total Operating Revenues
$841,149902,210807,944789,819716,127576,995
Total Operating Revenues Per Capita
$596636565552501401
Group Weighted Average Revenues Per Capita433385416378343356
State Weighted Average Revenues Per Capita364367356331308295








% to Total Operating Revenues






Operating Expenses
100.80%147.42%98.89%111.26%164.00%160.23%
Group Weighted Average
114.60%120.44%109.92%116.86%125.08%114.76%
State Weighted Average
86.74%82.44%81.55%85.60%89.13%90.84%








Operating Margin
-0.80%-47.42%1.11%-11.26%-64.00%-60.23%
Group Weighted Average
-14.60%-20.44%-9.92%-16.86%-25.08%-14.76%
State Weighted Average
13.26%17.56%18.45%14.40%10.87%9.16%








Operating Transfers In/(out)
-6.86%31.86%-1.77%-7.17%-5.98%-7.55%
Group Weighted Average
-0.89%7.07%11.47%30.72%14.30%-2.56%
State Weighted Average
3.96%-0.78%-0.58%-0.79%-1.21%-0.99%








Net Income before capital contributions
-7.51%3.41%-5.93%-18.38%-70.42%-68.24%
Group Weighted Average
-12.07%-12.33%0.88%16.05%-9.95%-15.21%
State Weighted Average
13.45%11.89%9.65%8.63%2.88%0.31%








Key Ratios and Cash Flow














Quick Ratio
0.690.540.360.260.240.47
Group Weighted Average
3.594.402.985.453.774.44
State Weighted Average
2.952.902.821.812.763.04








Days Sales in Receivables
130.7139.395.170.996.563.4
Group Weighted Average
74.260.054.054.049.947.3
State Weighted Average
55.359.957.859.965.760.0








Days Cash on Hand
13.77.411.89.50.078.3
Group Weighted Average
279.0280.5386.6508.6341.9371.9
State Weighted Average
457.8497.5458.0423.5407.9414.8








Cash flow from Operations
$25,818-241,241-87,520138,522-303,941-138,375








Debt to Equity
0.110.140.150.160.160.16
Group Weighted Average
0.300.190.220.240.180.18
State Weighted Average
0.560.550.520.520.520.50








Debt per Capita
585594617642643663
Group Weighted Average
940509499495506454
State Weighted Average
1,1361,091989929855852








Capital Expenditures:
200820072006200520042003


$1,386,335302,9151,880899,278457,0081,370,251










2002200120001999



$4,645,2859,511257,03411,924









Capital Contributions: Excluded from income above
$1,344,820282,633136,188001,303,370
















Operating Statistics














Estimated population of the areas served Water0806NANANANA
Estimated population of the areas served Sewer0674NANANANA








Number of Gallons of Water Processed (000) omitted39,74639,752NANANANA
Number of Gallons of Sewage Processed (000) omitted47,32765,182NANANANA








Number of Gallons of Water Billed (000) omitted30,52839,752NANANANA
Number of Gallons of Sewage Billed (000) omitted40,14865,182NANANANA








Ratio of Water Billed to Water Processed0.768081.00000NANANANA
Ratio of Sewage Billed to Sewage Processed0.848311.00000NANANANA








Total Revenue from Water Sales209,181257,353NANANANA
Total Revenue from Sewage Sales445,231597,966NANANANA








Water Revenue per 1000 gallons of Sales

319.29653NANANANA
Sewage Revenue per 1000 gallons of Sales

887.18991NANANANA








Group Average Sales per thousand Gallons Water$9.21753$4,470.42307NANANANA
Group Average Sales per thousand Gallons Sewage$25.29767$2,448.46180NANANANA








State Average Sales per thousand Gallons Water$9.21753$4,470.42307NANANANA
State Average Sales per thousand Gallons Sewage$25.29767$2,448.46180NANANANA








Residential Water Sales per thousand Gallons$6.852100.63220NANANANA
Residential Sewage Sales per thousand Gallons$11.0897413.09263NANANANA








Water Sales per thousand Gallons outside Municipal Limits
8.20671NANANANA
Sewage Sales per thousand Gallons outside Municipal Limits
6.13077NANANANA








Total Water Sales per thousand gallons for Redistribution$0.00000257,353.00000NANANANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.00000NANANANA




Go to top of page
Key Ratios of Electric Systems for The




Town of Fremont













200820072006200520042003








Population
1,4121,4191,4291,4321,4281,439
Power Agency Group
N.C. Easterrn Municipal Power Agency
Total Operating Revenues
$1,491,6281,428,1001,424,9551,271,5741,292,3281,275,070
Group Weighted Average
23,671,34722,937,38121,737,04119,645,81819,658,47519,102,654








% to Total Operating Revenues






Power Purchases
80.2%80.8%80.3%86.8%77.6%69.5%
Group Weighted Average
80.0%81.0%81.5%80.3%79.6%79.5%








Other Operating Expenses
21.3%17.9%18.1%19.3%18.8%19.2%
Group Weighted Average
16.7%15.9%16.3%17.5%16.8%16.5%








Operating Margin
-1.5%1.3%1.6%-6.1%3.6%11.2%
Group Weighted Average
3.3%3.1%2.1%2.2%3.6%4.0%








Operating Transfers In/(out)
-2.7%-21.0%-2.7%-3.0%-2.3%-2.6%
Group Weighted Average In/(out)
-1.9%-2.4%-1.7%-2.4%-2.3%-2.0%








Net Income
-3.4%-18.4%0.1%-8.7%1.4%9.0%
Group Weighted Average
1.9%1.3%0.7%0.4%1.7%2.4%








Key Ratios and Cash Flow














Quick Ratio
4.56.58.07.832.730.7
Group Weighted Average
2.625.02.93.23.53.4








Coverage Ratio
1.010.821.050.951.091.20
Group Weighted Average
1.081.071.061.051.081.09








Days Sales in Receivables
67.660.756.756.360.452.6
Group Weighted Average
42.641.642.343.744.942.0








Days Cash on Hand
32.768.1209.9220.6241.2256.6
Group Weighted Average
68.862.772.787.990.091.3








Cash flow from Operations
-$4,841319,75717,34138,05850,22657,056








Capital Expenditures:
$004,0190019,407


















200820072006200520042003
Capital Contributions: Excluded from Income Above
$000000








Operating Transfers to the General Fund as a % of GF Revenues
4.69%4.40%3.75%4.90%3.01%5.09%










20022001200019991998


#VALUE!#VALUE!143.00%7.42%7.17%








Gross Electric Fund Assets as Cost
$1,167,9141,167,9141,030,6461,163,8961,163,8951,163,895
Estimated Tax Loss from Municipal Ownership of Utility
$7,591$7,5916,6997,5656,4016,401
Tax Rate Equivalent
0.01560.01580.01410.01590.01320.0169








Operating Transfers to the General Fund as a % of Gross Fixed Assets
3.42%3.31%3.75%3.32%2.58%2.84%








Operating Transfers to the General Fund as a Tax Rate Equivalent
0.08220.08010.08110.08120.06170.0870








Tax Rate Adjusted for Assessed to Sales Ratio
0.57170.59040.61440.63840.54930.4098








Tax Rate Adjusted Excluding Transfers
0.65390.67050.69550.71960.61100.4967








Weighted Average Group Rate Adjusted
0.43010.38210.40600.42520.40800.4023








Weighted Average Non Electric Adjusted Rate
0.25430.27370.28260.28700.29540.2988




Financial Graphs and Comparisons


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

20042005200620072008
Unit's FBA %27.98%37.45%35.92%56.55%59.06%
Group average FBA %62.49%74.93%74.69%82.79%83.14%
State average Electric/Non Electric Group FBA %36.12%36.30%35.69%34.02%35.36%
State average FBA %36.35%36.76%62.49%36.37%36.20%






Municipal Population Group: Electric 1,000 to 2,499

Go to top of page
Analysis of Property Tax

20042005200620072008
Municipality89.98%92.23%91.71%92.24%93.10%
Pop. Group91.33%92.77%93.37%93.09%94.62%
Statewide97.31%97.42%97.55%97.59%97.97%






Municipal Population Group: Electric 1,000 to 2,499






Go to top of page
Analysis of General Obligation Debt

20042005200620072008
Municipality624612602594585
Pop. Group297306297294274
Statewide548505495478456






Municipal Population Group: 1,000 to 2,499






Go to top of page
Analysis of Revenue

20042005200620072008
Property Tax$160218214217223
Utility1,4061,4371,5631,6171,657
Sales Tax8788116108108
Sales & Services85848910177
Intergovernmental8139102233081,064
Debt Proceeds00000
Other Miscellaneous1173411712694
Total$2,6682,7712,3222,4773,223

Go to top of page
Analysis of Revenue for Fiscal 2008











2008
2008
CategoryRevenue
Per Capita
Property Tax$314,358
$223
Water/Sewer841,149
596
Electric1,499,156
1,062
Other Utilities0
0
Sales Tax151,555
108
Sales & Services109,404
77
Intergovernment1,501,706
1,064
Debt Proceeds0
0
Miscellaneous133,168
94
Total$4,550,496
$3,223





Municipal Population Group: Electric 1,000 to 2,499





Go to top of page
Analysis of Expenditures by Function for Fiscal 2008











2008
2008
CategoryExpenditures
Per Capita
General Government$224,966
$160
Water/Sewer2,014,041
1,426
Electric1,503,306
1,065
Other Utilities0
0
Debt Service86,407
61
Transportation127,763
90
Public Safety330,411
234
Other173,060
123
Total$4,459,954
$3,159





Municipal Population Group: Electric 1,000 to 2,499





Go to top of page
Analysis of Expenditures by Object for Fiscal 2008






2008
2008
CategoryExpenditures
Per Capita
Salaries & Wages$848,995
$601
Water/Sewer Capital1,386,335
982
Electric Capital0
0
Other Capital44,870
32
Other Operating2,179,754
1,544
Total$4,459,954
$3,159





Municipal Population Group: Electric 1,000 to 2,499






Last Updated 8/27/2009 7:17:38 AM