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

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The AFIR report that was due 10/31/2011 has not been received as of 02/02/2012

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	$0	-	317,465	314,358	307,224	305,248
		Utility	-	-	2,457,080	2,340,305	2,318,481	2,243,220
		Sales Tax	-	-	138,707	151,555	152,040	167,137
		Sales & Services	-	-	124,469	109,404	119,936	116,565
		Intergovernmental	-	-	184,602	1,501,706	437,424	318,768
		Debt Proceeds	-	-	7,902	19,267	57,753	62,823
		Other Miscellaneous	-	-	274,013	113,901	116,949	103,810
		Total	$0	-	3,504,238	4,550,496	3,509,807	3,317,571

	Expenditures by Function
		Utility	$0	-	3,064,885	3,517,347	2,801,533	2,083,496
		Debt Service	-	-	97,378	86,407	91,176	116,352
		Transportation	-	-	117,980	127,763	139,068	129,712
		General Government	-	-	198,296	224,966	245,874	301,331
		Public Safety	-	-	469,838	330,411	310,000	634,033
		Other	-	-	170,362	173,060	109,962	109,024
		Total	$0	-	4,118,739	4,459,954	3,697,613	3,373,948

	Expenditures by Object
		Salaries & Wages	$0	-	589,291	848,995	728,254	692,564
		Capital Outlay	-	-	732,427	1,431,205	360,377	517,385
		Other Operating + Debt Service	-	-	2,797,021	2,179,754	2,608,982	2,163,999
		Total	$0	-	4,118,739	4,459,954	3,697,613	3,373,948


	Per Capita Revenues by Source
		Property Tax	$0	-	225	223	217	214
		Utility	-	-	1,745	1,657	1,634	1,570
		Sales Tax	-	-	99	107	106	116
		Sales & Services	-	-	88	77	85	82
		Intergovernmental	-	-	131	1,064	308	223
		Debt Proceeds	-	-	6	14	41	44
		Other Miscellaneous	-	-	195	81	82	73
		Total	$0	-	2,489	3,223	2,473	2,322

	Per Capita Expenditures by Function
		Utility	$0	-	2,177	2,491	1,974	1,458
		Debt Service	-	-	69	61	64	81
		Transportation	-	-	84	90	98	91
		General Government	-	-	140	160	175	211
		Public Safety	-	-	334	234	218	444
		Other	-	-	121	123	77	76
		Total	$0	-	2,925	3,159	2,606	2,361

	Per Capita Expenditures by Object
		Salaries & Wages	$0	-	419	601	513	485
		Capital Outlay	-	-	520	1,014	254	362
		Other Operating	-	-	1,986	1,544	1,839	1,514
		Total	$0	-	2,925	3,159	2,606	2,361

	Population Group		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	Electric 1,000 to 2,499
		Number of Municipalites in Group	10	8	8	8	9	9
		Average Population In Group	1,622	1,841	1,850	1,854	1,906	1,915
		Town of Fremont Population	1,258	1,404	1,408	1,412	1,419	1,429
	Group Average Per Capita Revenues by Source
		Property Tax	566	220	220	207	186	178
		Utility	2,046	2,154	1,979	1,865	1,825	1,735
		Sales Tax	257	109	133	155	144	133
		Sales & Services	125	82	94	84	103	82
		Intergovernmental	334	201	262	304	252	335
		Debt Proceeds	13	6	72	54	25	14
		Other Miscellaneous	219	65	97	94	108	132
		Total	3,560	2,837	2,857	2,763	2,643	2,609

	Group Average Per Capita Expenditures by Function
		Utility	2,242	1,973	1,885	1,800	1,686	1,748
		Debt Service	209	128	108	96	86	88
		Transportation	168	81	120	83	130	122
		General Government	313	136	220	157	120	111
		Public Safety	593	325	324	330	312	310
		Other	331	214	271	242	217	193
		Total	3,856	2,857	2,928	2,708	2,551	2,572

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	931	688	617	635	564	532
		Capital Outlay	532	109	209	205	130	202
		Other Operating	2,393	2,060	2,102	1,868	1,857	1,838
		Total	3,856	2,857	2,928	2,708	2,551	2,572


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$804,594	902,501	855,198	853,555	877,155	1,028,317
	General Fund expenditures		758,398	949,935	985,208	874,800	828,925	1,179,605
	Operating transfers in		37,591	-	37,591	40,000	38,600	38,600
	Operating transfers out		10,500	-	-	10,132	92,995	78,157
	Capital leases and installment purchase proceeds		-	-	180,972	-	-	250,000
	Other items		-	-	8,346	-	4,613	8,117
	Excess of revenues and other sources over (under) expenditures and other uses		73,287	(47,434)	96,899	8,623	(1,552)	67,272

	Fund balance available (FBA):
		In dollars	$0	85,406	298,275	522,610	521,382	362,023
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	8.99	37.09	59.06	56.55	35.92
		Group weighted average FBA %	#DIV/0!	65.10	82.00	83.14	80.89	69.73
		State weighted average Electric Group	67.13	33.60	34.33	35.35	33.92	35.62
		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, Electric

	Combined financial results:
		Working capital	$52,052	165,576	183,459	530,343	463,681	544,390
		Quick ratio	1.05	1.19	1.26	1.60	1.58	1.61
		Net income	318,107	34,143	(141,607)	1,230,335	50,108	89,475
		Cashflow from operations	321,520	(103,658)	(38,388)	20,977	78,516	(70,179)
		Depreciation & Amortization Expense	287,962	245,093	237,047	237,919	241,022	123,502



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

		Population at July 1st of the Previous Year	1,258	1,404	1,408	1,412	1,419	1,429
		Population Group	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	Electric 1,000 to 2,499
		Cash &Investments	$0	$0	$528,860	$710,431	$818,000	$891,499
		Investment Earnings	0	0	12,633	37,605	47,457	38,222
		Tax Rate Equivalent	0.0000	0.0000	0.0257	0.0773	0.0985	0.0803
		Tax Rate Equivalent Group weighted average	0.0044	0.0288	0.0777	0.1522	0.1970	0.1385
		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	$47,797,441	48,893,228	49,226,929	48,636,611	48,181,824	47,607,264
		Tax Rate	0.6500	0.6500	0.6500	0.6500	0.6500	0.6500
		Tax Rate Group weighted average	0.3146	0.4873	0.4949	0.5299	0.4726	0.4667
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	99.47	82.67	82.81	87.95	90.83	94.52
		Assessment -to-Sales Ratio Group weighted average	101.16	97.45	84.55	81.16	80.86	86.99
		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	$48,052,117	59,142,649	59,445,633	55,300,297	53,046,157	50,367,397
		EffectiveTax Rate	0.6466	0.5374	0.5383	0.5717	0.5904	0.6144
		Group weighted average Effective Tax Rate	0.3183	0.4748	0.4184	0.4301	0.3821	0.4060
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	0.0000	91.8200	92.9000	93.1000	92.2400	91.7100
		Percent Collected Group weighted average	94.06	91.50	92.80	91.99	93.09	93.37
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	0.00	93.34	94.99	95.32	94.50	94.62
		Percent Collected Excluding Motor Vehicles Group weighted average	94.56	92.37	94.36	94.05	95.10	95.05
		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	0.00	79.26	79.09	79.03	76.88	75.28
		Percent Collected Motor Vehicles Only Group weighted average	82.09	82.67	82.36	79.34	80.71	81.67
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	0	52,019	55,996	56,061	54,948	61,912
		Tax Rate Equivalent	0.0000	0.1064	0.1138	0.1153	0.1140	0.1300
		Dominant County: Wayne
	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	$685,500	697,000	806,881	825,381	843,381	859,881
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	685,500	697,000	806,881	825,381	843,381	859,881
		Per Capita	$545	496	573	585	594	602
		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	1.4266%	1.1785%	1.3573%	1.4925%	1.5899%	1.7072%
		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	$90,789	98,881	0	0	0	0
		--General Government	0	0	0	0	0	0
		Total*	$90,789	98,881	0	0	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$193,800	205,200	216,600	228,000	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		1,258	1,404	1,408	1,412	1,419	1,429

1.5A	FISCAL	Governmental Activities Assets			1,793,010	1,693,596	1,734,974	1,467,679
1.5B	SUMMARY	Governmental Activities Liabilities			582,034	414,665	424,193	452,946
3.5A		Business Type Activities Assets			9,027,170	9,337,772	8,036,793	7,914,537
3.5B		Business Type Activities Liabilties			1,287,058	1,138,544	1,237,756	1,163,588
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy			294,063	295,096	287,673	252,467
11.0	TAX	Current Collections of Special Tax Districts			62,252	69,466	63,115	61,991
12.0	REVENUES	Prior Years' Levy Collections			19,184	14,963	15,693	48,708
13.0		Penalties and Interest			4,218	4,299	3,858	4,073
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax			69,354	54,855	53,005	46,728
17.0		1/2% Local Government Option Sales Tax (40)			34,677	34,876	27,635	33,546
18.0		1/2% Local Government Option Sales Tax (42)			34,676	34,639	35,587	28,119
18.5		1/2% Local Government Option Sales Tax (44)				27,185	35,813	58,744
19.0		Privilege Licenses			105		240	440
19.2		Privilege -- All other privileges and pemits				45
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses			4,670	1,013
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						134,209
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			10,266	7,821	12,963	15,081
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			74,185	67,218	58,612	51,737
45.0		Beer and Wine Tax			6,341	6,536	6,457	6,325
46.0		Powell Bill			50,664	56,944	51,371	52,516
50.0		Court Fees - Facilities and Arrest Fees			1,345	4,519
51.0		General Government
52.0		Public Safety			21,110		25,388	19,076
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection
56.0		Econ. & Phys. Dev. - Housing/Community Dev					282,633
57.0		Econ. & Phys. Dev. - All Other				1,344,820		36,644
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			20,691	13,848		3,180
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			1,000	240	80	1,760
72.1		Amusements licensing and permit taxes
73.0		Other Permits			760
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties				500	1,750
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste			108,509	104,054	110,636	109,565
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries			15,200	4,850	7,550	7,000
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					23,534	10,321
86.0	UTILITY	Water and Sewer Charges			804,620	841,149	868,647	807,944
87.0	REVENUES	Electric Charges			1,652,460	1,499,156	1,426,300	1,424,955
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds			12,633	37,605	47,457	38,222
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets			8,346
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			4,635	5,532	6,057	1,397
98.0		Other Miscellaneous Revenues			7,902	19,267	57,753	62,823
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases			180,372
101.0		Other			407,032		4,613
102.0	NON-REV	School - Current Levy Collections						252,467
103.0	RECEIPTS	Prior Years' Levy Collections						8,507
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits			6,452	3,937		-3,146
106.0		Deposits Other than Utility
107.0		Prepaid Taxes			-2,024
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages			13,200	85,638	91,017	81,062
109B	GENERAL	Governing Body - Other Direct				139,328	154,857	108,575
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E						111,694
110A		Administration - Salaries & Wages			65,081
110B		Administration - Other Direct			120,015
110C		Administration - Construction
110D		Administration - Purchase of P,P&E
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
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
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct
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			223,253	202,055	167,019	141,558
119B	SAFETY	Police & Comm - Traffic Control - Other Direct			48,931	55,378	40,217	28,139
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E			12,707	17,843	11,173	47,293
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			7,802	10,923	11,819	11,320
122B		Fire - Other Direct			66,520	39,600	60,414	48,880
122C		Fire - Construction
122D		Fire - Purchase of P,P&E			105,190		15,679	352,499
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			29,311	35,037	45,401	40,830
128B		Streets and Highways - Other Direct			993	38,758	35,319	36,945
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E					4,380
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				53,357	41,542	40,343
130B		Powell Bill - Other Direct			87,676	611	2,206	11,594
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E					10,220
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			52,869	71,645	49,874	38,450
136B	MENTAL	Solid Waste - Other Direct			80,949	43,370	22,207	42,079
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E				27,027
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			5,740	10,027	9,039	10,989
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
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			21,338	20,991	12,832	17,506
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E			9,466		16,010
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				190,484	204,861	196,684
158B		Water & Sewer - Other Direct			839,653	437,222	902,562	497,024
158C		Water & Sewer - Construction			511,205		302,915
158D		Water & Sewer - Purchase of P,P&E			23,154	1,386,335		1,880
159A		Electric Power - Salaries & Wages			197,775	199,856	116,721	142,317
159B		Electric Power - Other Direct			1,422,393	1,303,450	1,274,474	1,241,572
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E			70,705			4,019
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			38,746	57,675		100,716
161D	SERVICE	Water & Sewer - Principal			29,900
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			10,763	28,732	58,223	15,636
166D		All Other - Principal			17,969		32,953
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			5,435	4,612	3,679	4,344
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	.	277,259.00	277,949.00	273,718.00	271,894.00	268,094.00
180.0		Current year's levy -- Motor vehicles (only)	.	33,562.00	42,076.00	43,255.00	39,986.00	47,477.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	.	18,457.00	13,920.00	12,806.00	14,962.00	14,435.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles		6,960	8,798	9,071	9,245	11,735
183.0	DATA	Percentage of Taxes Collected - All Property %	0.00	91.82	92.90	93.10	92.24	91.71
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	0.00	93.34	94.99	95.32	94.50	94.62
185.0		Percentage of Taxes Collected - Motor Vehicles %	0.00	79.26	79.09	79.03	76.88	75.28
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			528,860	710,431	818,000	891,499
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			3,948,861	4,550,496	3,728,038	3,317,571
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In			37,591		213,618
194D		Amount - Net Revenues			3,911,270	4,550,496	3,514,420	3,317,571
		Calculated amount			3,911,270	4,550,496	3,514,420	3,317,571
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures			4,156,330	4,459,954	3,911,231	3,373,948
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out			37,591		213,618
195D		Amount - Net Expenditures			4,118,739	4,459,954	3,697,613	3,373,948
		Calculated amount			4,118,739	4,459,954	3,697,613	3,373,948
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer					674
402A	Sewer	Amount processed and/or purchased in units Water			5	39,746	39,752
402B	Operations	Amount processed and/or purchased in units Sewer			4	47,327	65,182
403A		Total amount billed in units - Water			3	30,528	39,752
403B		Total amount billed in units - Sewer			4	40,148	65,182
404A		Of the total in 403A above how many units were Residential W			3	30,528	341,716
404B		Of the total in 403B above how many units were Residential S					5,036
405A		Of the total in 403 above, how many units were Outside Muni W					36,691
405B		Of the total in 403 above, how many units were Outside Muni S
406A		Of the total in 405A above how many units were Residential W
406B		Of the total in 405B above how many units were Residential S					39,752
407A		Of the total in 403A, how many units were sold for redistribution					65,182
407B		Of the total in 403B how many unit were delivered in bulk			247,000	209,181	257,353
408A		Dollars related to 403A above			496,000	445,231	597,966
408B		Dollars related to 403B above			220,000	209,181	216,034
409A		Dollars related to 404A above			316,000	445,231	373,022
409B		Dollars related to 404B above					41,329
410A		Dollars related to 405A above					224,944
410B		Dollars related to 405B above
411A		Dollars related to 406A above
411B		Dollars related to 406B above					257,353
412A		Dollars related to 407A above					597,966
412B		Dollars related to 407B above			664	807
421A		Number of residential accounts billed - Water			641	670
421B		Number of residential accounts billed - Sewer			102
422A		Number of non-residential & bulk accounts billed - Water			10
422B		Number of non-residential & bulk accounts billed - Sewer		2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official
951.0		Title
952.0		Date
953.0		Contact
954.0		Title
955.0		Phone
956.0		Fax
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	1,258	1,404	1,408	1,412	1,419	1,429
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	$0	904,611	804,620	841,149	902,210	807,944
Total Operating Revenues Per Capita	$0	644	571	596	636	565
Group Weighted Average Revenues Per Capita	34	326	393	382	322	288
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	133.27%	132.16%	100.80%	147.42%	98.89%
Group Weighted Average	140.54%	101.76%	110.70%	109.45%	115.78%	108.73%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	-33.27%	-32.16%	-0.80%	-47.42%	1.11%
Group Weighted Average	-40.54%	-1.76%	-10.70%	-9.45%	-15.78%	-8.73%
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%	31.86%	5.33%
Group Weighted Average	37.24%	1.06%	10.32%	5.47%	9.99%	21.16%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	6.86%	0.00%	7.10%
Group Weighted Average	13.89%	0.72%	0.00%	1.33%	0.00%	7.46%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	-37.42%	-36.93%	-7.51%	-15.42%	-5.93%
Group Weighted Average	-307.67%	-12.61%	-11.14%	-11.28%	-12.07%	16.80%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	0.38	0.38	0.36	0.69	0.54	0.36
Group Weighted Average	3.78	3.55	4.41	4.96	4.11	2.65
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	66.1	41.5	130.7	139.3	95.1
Group Weighted Average	3.8	61.4	53.9	68.8	60.5	61.2
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	0.0	0.0	13.7	7.4	11.8
Group Weighted Average	-164.5	153.5	260.5	341.2	280.7	352.0
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$240,469	-111,697	-35,113	25,818	-241,241	-87,520

Debt to Equity	0.00	0.14	0.15	0.11	0.14	0.15
Group Weighted Average	0.07	0.61	0.65	0.49	0.17	0.18
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	713	727	585	594	617
Group Weighted Average	8	1,209	980	750	456	460
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
	$899,278	457,008	1,370,251	4,645,285

Capital Contributions: Excluded from income above	$664,868	355,848	179,032	1,344,820	452,489	136,188


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	806	NA
Estimated population of the areas served Sewer	0	0	0	0	674	NA

Number of Gallons of Water Processed (000) omitted	0	0	5	39,746	39,752	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	4	47,327	65,182	NA

Number of Gallons of Water Billed (000) omitted	0	0	3	30,528	39,752	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	4	40,148	65,182	NA

Ratio of Water Billed to Water Processed			0.60000	0.76808	1.00000	NA
Ratio of Sewage Billed to Sewage Processed			1.00000	0.84831	1.00000	NA

Total Revenue from Water Sales	0	0	0	0	0	NA
Total Revenue from Sewage Sales	0	0	496,000	445,231	597,966	NA

Water Revenue per 1000 gallons of Sales					0.00000	NA
Sewage Revenue per 1000 gallons of Sales					887.18991	NA

Group Average Sales per thousand Gallons Water	$0.00011	$39.04205	$39.12016	$9.21753	$4,470.42307	NA
Group Average Sales per thousand Gallons Sewage	$0.00012	$47.04724	$56.85673	$42.71639	$3,516.06083	NA

State Average Sales per thousand Gallons Water	$0.00011	$39.04205	$39.12016	$9.21753	$4,470.42307	NA
State Average Sales per thousand Gallons Sewage	$0.00012	$47.04724	$56.85673	$42.71639	$3,516.06083	NA

Residential Water Sales per thousand Gallons	$0.00000		73,333.33333	6.85210	0.63220	NA
Residential Sewage Sales per thousand Gallons	$0.00000		158,000.00000	11.08974	13.09263	NA

Water Sales per thousand Gallons outside Municipal Limits	$0.00000				8.20671	NA
Sewage Sales per thousand Gallons outside Municipal Limits	$0.00000				6.13077	NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	257,353.00000	NA
Total Sewage Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	0.00000	NA

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

	2011	2010	2009	2008	2007	2006

Population	1,258	1,404	1,408	1,412	1,419	1,429
Power Agency Group	N.C. Easterrn Municipal Power Agency
Total Operating Revenues	$1,844,157	1,810,617	1,652,460	1,491,628	1,428,100	1,424,955
Group Weighted Average	17,364,198	15,757,433	15,168,623	13,678,216	13,200,898	12,603,524

% to Total Operating Revenues
Power Purchases	0.0%	78.8%	81.6%	80.2%	80.8%	80.3%
Group Weighted Average	0.0%	81.8%	82.4%	80.0%	81.0%	80.6%

Other Operating Expenses	100.1%	20.3%	17.6%	21.3%	17.9%	18.1%
Group Weighted Average	96.0%	14.8%	15.1%	17.5%	16.1%	16.4%

Operating Margin	-0.1%	0.9%	0.7%	-1.5%	1.3%	1.6%
Group Weighted Average	4.0%	3.4%	2.5%	2.5%	2.9%	3.1%

Operating Transfers In	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	0.2%	0.0%	0.0%	0.3%	0.2%	0.0%

Operating Transfers Out	2.0%	0.0%	2.3%	2.7%	21.0%	2.7%
Group Weighted Average Out	2.5%	2.0%	2.1%	2.2%	2.4%	2.1%

Net Income	-2.1%	0.9%	-1.4%	-3.4%	-18.4%	0.1%
Group Weighted Average	2.9%	3.6%	2.7%	3.6%	2.7%	1.6%

Key Ratios and Cash Flow

Quick Ratio	3.5	3.4	3.2	4.5	6.5	8.0
Group Weighted Average	2.7	2.7	2.6	2.6	2.6	2.9

Coverage Ratio	0.00	1.02	1.02	1.01	0.82	1.05
Group Weighted Average	N/A	1.09	1.08	1.10	1.09	1.08

Days Sales in Receivables	0.0	45.5	34.1	67.6	60.7	56.7
Group Weighted Average	N/A	44.8	40.7	43.1	40.5	42.2

Days Cash on Hand	63.0	47.5	44.2	32.7	68.1	209.9
Group Weighted Average	67.9	64.0	62.5	73.6	71.7	75.3

Cash flow from Operations	$81,051	8,039	-3,275	-4,841	319,757	17,341

Capital Expenditures:	$0	0	534,359	1,386,335	302,915	1,880


	2011	2010	2009	2008	2007	2006
Capital Contributions: Excluded from Income Above	$0	0	0	0	0	0

Operating Transfers to the General Fund as a % of GF Revenues	2011	2010	2009	2008	2007	2006
	-4.67%	0.00%	4.40%	4.69%	4.40%	3.75%

	2005	2004	2003	2002	2001	2000
	1.46%	1.13%	1.66%	1.65%	1.40%	1.22%

Gross Electric Fund Assets as Cost	$1,204,509	1,204,509	1,191,059	1,167,914	1,167,914	1,030,646
Estimated Tax Loss from Municipal Ownership of Utility	$7,829	$7,829	7,742	7,591	7,591	6,699
Tax Rate Equivalent	0.0164	0.0160	0.0157	0.0156	0.0158	0.0141

Operating Transfers to the General Fund as a % of Gross Fixed Assets	-3.12%	0.00%	3.16%	3.42%	3.31%	3.75%

Operating Transfers to the General Fund as a Tax Rate Equivalent	-0.0786	0.0000	0.0764	0.0822	0.0801	0.0811

Tax Rate Adjusted for Assessed to Sales Ratio	0.6466	0.5374	0.5383	0.5717	0.5904	0.6144

Tax Rate Adjusted Excluding Transfers	0.5679	0.5374	0.6146	0.6539	0.6705	0.6955

Weighted Average Group Rate Adjusted	0.3183	0.4748	0.4184	0.4301	0.3821	0.4060

Weighted Average Non Electric Adjusted Rate	0.2800	0.2901	0.2589	0.2544	0.2737	0.2826

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 %	56.55%	59.06%	37.09%	8.99%	0.00%
Group average FBA %	80.89%	83.14%	82.00%	65.10%	#DIV/0!
State average Electric/Non Electric Group FBA %	33.92%	35.35%	34.33%	33.60%	67.13%
State average FBA %	36.54%	36.35%	80.89%	37.47%	29.01%

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

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2006 2007 2008 2009 2010

Municipality 91.71% 92.24% 93.10% 92.90% 91.82%

Pop. Group 93.37% 93.09% 91.99% 92.80% 91.50%

Statewide 97.55% 97.58% 97.56% 97.34% 97.36%

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

	2006	2007	2008	2009	2010
Municipality	91.71%	92.24%	93.10%	92.90%	91.82%
Pop. Group	93.37%	93.09%	91.99%	92.80%	91.50%
Statewide	97.55%	97.58%	97.56%	97.34%	97.36%

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

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2007 2008 2009 2010 2011

Municipality 594 585 573 496 545

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	594	585	573	496	545
Pop. Group	294	277	265	256	236
Statewide	478	456	455	449	450

Municipal Population Group: 1,000 to 2,499

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2006 2007 2008 2009 2010

Property Tax $214 217 223 225 0

Utility 1,570 1,634 1,657 1,745 0

Sales Tax 116 106 107 99 0

Sales & Services 82 85 77 88 0

Intergovernmental 223 308 1,064 131 0

Debt Proceeds 44 41 14 6 0

Other Miscellaneous 73 82 81 195 0

Total $2,322 2,473 3,223 2,489 0

	2006	2007	2008	2009
Property Tax	$214	217	223	225
Utility	1,570	1,634	1,657	1,745
Sales Tax	116	106	107	99
Sales & Services	82	85	77	88
Intergovernmental	223	308	1,064	131
Debt Proceeds	44	41	14	6
Other Miscellaneous	73	82	81	195
Total	$2,322	2,473	3,223	2,489

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2010
2010

Category Revenue
Per Capita

$0
$0

Water/Sewer 0
0

Electric 0
0

Utility 0
0

Sales Tax 0
0

Sales & Services 0
0

Intergovernment 0
0

Debt Proceeds 0
0

Miscellaneous 0
0

Total $0
$0

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

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2010
2010

Category Expenditures
Per Capita

General Government $0
$0

Water/Sewer 0
0

Electric 0
0

Utilities 0
0

Debt Service 0
0

Transportation 0
0

Public Safety 0
0

Other 0
0

Total $0
$0

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

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2010
2010

Category Expenditures
Per Capita

Salaries & Wages $0
$0

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 0
0

Other Operating 0
0

Total $0
$0

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

Last Updated 2/5/2012 2:09:54 PM



	2010	2010
Category	Revenue	Per Capita
	$0	$0
Water/Sewer	0	0
Electric	0	0
Utility	0	0
Sales Tax	0	0
Sales & Services	0	0
Intergovernment	0	0
Debt Proceeds	0	0
Miscellaneous	0	0
Total	$0	$0

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Fremont

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Fremont