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
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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year



Municipality Revenues and Expenditures Financial Profile
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200920082007200620052004

Revenues by Source







Property Tax$317,465 314,358 307,224 305,248 312,129 228,865


Utility 2,457,080 2,340,305 2,294,947 2,232,899 2,058,243 2,008,455


Sales Tax 138,707 151,555 152,040 167,137 125,183 122,053


Sales & Services 123,709 109,404 143,470 126,886 120,709 121,964


Intergovernmental 184,602 1,501,706 437,424 318,768 1,303,638 1,161,451


Debt Proceeds 180,372 - - - - -


Other Miscellaneous 509,335 133,168 179,315 166,633 48,587 166,772


Total$3,911,270 4,550,496 3,514,420 3,317,571 3,968,489 3,809,560










Expenditures by Function







Utility$3,064,885 3,517,347 2,801,533 2,083,496 2,835,244 2,639,733


Debt Service 97,378 86,407 91,176 116,352 75,943 44,544


Transportation 117,980 127,763 139,068 129,712 220,431 122,246


General Government 198,296 224,966 245,874 301,331 199,697 474,125


Public Safety 469,838 330,411 310,000 634,033 255,285 294,418


Other 170,362 173,060 109,962 109,024 298,162 379,418


Total$4,118,739 4,459,954 3,697,613 3,373,948 3,884,762 3,954,484










Expenditures by Object







Salaries & Wages$589,291 848,995 728,254 692,564 693,363 769,113


Capital Outlay 732,427 1,431,205 360,377 517,385 942,866 811,429


Other Operating + Debt Service 2,797,021 2,179,754 2,608,982 2,163,999 2,248,533 2,373,942


Total$4,118,739 4,459,954 3,697,613 3,373,948 3,884,762 3,954,484



















Per Capita Revenues by Source







Property Tax$225 223 217 214 218 160


Utility 1,745 1,657 1,617 1,563 1,437 1,406


Sales Tax 99 108 108 116 88 87


Sales & Services 88 77 101 89 84 85


Intergovernmental 131 1,064 308 223 910 813


Debt Proceeds 128 - - - - -


Other Miscellaneous 362 94 126 117 34 117


Total$2,778 3,223 2,477 2,322 2,771 2,668










Per Capita Expenditures by Function







Utility$2,177 2,491 1,974 1,458 1,980 1,849


Debt Service 69 61 64 81 53 31


Transportation 84 90 98 91 154 86


General Government 140 160 175 211 140 331


Public Safety 334 234 218 444 178 206


Other 121 123 77 76 208 266


Total$2,925 3,159 2,606 2,361 2,713 2,769










Per Capita Expenditures by Object







Salaries & Wages$419 601 513 485 484 539


Capital Outlay 520 1,014 254 362 658 568


Other Operating 1,986 1,544 1,839 1,514 1,571 1,662


Total$2,925 3,159 2,606 2,361 2,713 2,769










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 8 9 9 9 10


Average Population In Group 1,850 1,854 1,906 1,915 1,922 1,990


Town of Fremont Population 1,408 1,412 1,419 1,429 1,432 1,428

Group Average Per Capita Revenues by Source







Property Tax 220 207186178178155


Utility 1,968 1,8551,8161,7311,6051,498


Sales Tax 134 155143131125107


Sales & Services 104 93111868471


Intergovernmental 263 304253337293319


Debt Proceeds 74 43144180


Other Miscellaneous 126 127153130111103


Total 2,889 2,7842,6632,6372,4142,253










Group Average Per Capita Expenditures by Function







Utility 1,885 1,8001,6861,7481,5981,514


Debt Service 108 9686888372


Transportation 120 83130122130160


General Government 220 157120111145134


Public Safety 324 330312310272257


Other 271 242217193188190


Total 2,928 2,7082,5512,5722,4162,327










Group Average Per Capita Expenditures by Object







Salaries & Wages 617 635564532536514


Capital Outlay 209 205130202185167


Other Operating 2,102 1,8681,8571,8381,6951,646


Total 2,928 2,7082,5512,5722,4162,327


















General Fund
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200920082007200620052004

General Fund revenues$855,198 853,555 877,155 1,028,317 787,584 996,720

General Fund expenditures 985,208 874,800 828,925 1,179,605 797,459 1,027,912

Operating transfers in 37,591 40,000 38,600 38,600 38,600 30,000

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

Capital leases and installment purchase proceeds 180,972 - - 250,000 - -

Other items 8,346 - 4,613 8,117 2,300 -

Excess of revenues and other sources over (under) expenditures and other uses 96,899 8,623 (1,552) 67,272 20,894 (2,903)










Fund balance available (FBA):







In dollars$298,275 522,610 521,382 362,023 302,436 288,058


FBA as a % of GF Net Expenditures:







Unit's FBA %37.0959.0656.5535.9237.4527.98


Group weighted average FBA %82.0083.1480.8969.7374.5662.49


State weighted average Electric Group34.5735.4133.9935.6236.6736.12


State weighted average FBA %37.0036.3436.5536.9636.7836.35

















Enterprise Funds:
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Capital Projects, Electric, Water/Sewer













Combined financial results:







Working capital$183,459 530,343 463,681 544,390 483,016 549,333


Quick ratio1.26 1.60 1.58 1.61 1.57 1.73


Net income(141,607)1,230,335 50,108 89,475 (255,472)(485,839)


Cashflow from operations(38,388)20,977 78,516 (70,179)176,580 (253,715)


Depreciation & Amortization Expense237,047 237,919 241,022 123,502 172,624 225,242


























Cash, Investments and Financing
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200920082007200620052004











Population at July 1st of the Previous Year1,4081,4121,4191,4291,4321,428


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$528,860 710,431 818,000 891,499 956,864 921,056


Investment Earnings12,633 37,605 47,457 38,222 14,374 7,951


Tax Rate Equivalent0.02570.07730.09850.08030.03020.0164


Tax Rate Equivalent Group weighted average0.07770.15220.19700.13850.07310.0500


Tax Rate Equivalent Statewide weighted average0.01330.05240.09200.05730.04150.0340


Latest year of Revaluation
20032003200320032003


January 1, Prior Year Assessed Valuation$49,226,929 48,636,611 48,181,824 47,607,264 47,527,814 48,612,004


Tax Rate0.65000.65000.65000.65000.65000.5500


Tax Rate Group weighted average0.49490.52990.47260.46670.46930.4665


Tax Rate State Wide0.42670.42430.44520.43210.44480.4566


Assessment -to-Sales Ratio82.8187.9590.8394.5298.2299.87


Assessment -to-Sales Ratio Group weighted average84.5581.1680.8686.9990.6087.47


Assessment -to-Sales Ratio Statewide90.8188.5288.4192.2892.3592.18


Assessed Valuation Adjusted for Assesment to Sales Ratio$59,445,633 55,300,297 53,046,157 50,367,397 48,389,141 48,675,282


EffectiveTax Rate0.53830.57170.59040.61440.63840.5493


Group weighted average Effective Tax Rate0.41840.43010.38210.40600.42520.4080


Statewide weighted average Effective Tax Rate0.38750.37560.39360.39870.41080.4209


Percent Collected92.9093.1092.2491.7192.2389.98


Percent Collected Group weighted average94.2891.9993.0993.3792.7791.33


Percent Collected Statewide97.7897.6497.5997.5597.4297.31


Percent Collected Excluding Motor Vehicles94.9995.3294.5094.6294.8293.32


Percent Collected Excluding Motor Vehicles Group weighted average94.3694.0595.1095.0594.3194.36


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3198.6598.5998.6198.3698.39


Percent Collected Motor Vehicles Only 79.0979.0376.8875.2879.9570.75


Percent Collected Motor Vehicles Only Group weighted average82.3679.3480.7181.6783.0575.67


Percent Collected Motor Vehicles Only Statewide weighted average 86.6686.7486.7186.8087.3187.46


Tax Uncollected8,891 21,877 24,207 26,170 23,909 25,373


Tax Rate Equivalent0.01810.04500.05020.05500.05030.0522


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$806,881 825,381 843,381 859,881 875,881 890,381


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt806,881 825,381 843,381 859,881 875,881 890,381


Per Capita$573 585 594 602 612 624


Total Per Capita for the Population Group265 277 294 297 306 297


Total Per Capita Statewide455 456 478 495 505 548


Total per Assessed Valuation Adjusted for Current Year Sales1.3573%1.4925%1.5899%1.7072%1.8101%1.8292%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1750%0.1852%0.2336%0.2606%0.2847%0.2930%


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


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$0 0 0 0 0 0


--General Government0 0 0 0 0 0


Total*$0 0 0 0 0 0


* The total only includes the contracts that require Local Government Commission approval.




Revenue Bond Debt $0 0 0 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription200920082007200620052004

Population at July 1st of the Previous Year Adjusted for Boundry Changes1,4081,4121,4191,4291,4321,428









1ANon GASB34General Fund Assets





1BFISCAL General Fund Liabilities





2ASUMMARYDebt-service Assets





2B
Debt service Liabilities





3A
Enterprise Assets





3B
Enterprise Liabilities





4A
Internal Service Assets





4B
Internal service Liabilities





5A
Special Revenue Assets





1.5AGASB34Governmental Activities Assets1,793,0101,693,5961,734,9741,467,6791,350,2791,574,434
1.5BFISCAL Governmental Activities Liabilities582,034414,665424,193452,946239,576317,667
3.5ASUMMARYBusiness Type Activities Assets9,027,1709,337,7728,036,7937,914,5378,510,3058,953,341
3.5B
Business Type Activities Liabilties1,287,0581,138,5441,237,7561,163,5881,611,9951,752,879
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





5B
Special Revenue Liabilities





6A
Trust & Agency Assets





6B
Trust & Agency Liabilities





7A
Capital Project Assets





7B
Capital Project Liabilities





8A
General Fixed Assets





9B
General Long term debt - Liabilities





10PART 2Current collections of unit-wide levy294,063295,096287,673252,467307,135227,128
11TAXCurrent collection of special tax districts62,25269,46663,11561,991

12REVENUESPrior years' levy collections19,18414,96315,69348,708

13
Penalties and interest4,2184,2993,8584,0734,9941,737
14
Collection of taxes previously written off





15
Animal tax





15.1
Solid Waste Disposal Tax





16
1% Local government sales and use tax69,35454,85553,00546,728125,183122,053
17
1/2% Local government sales and use taxes (Article 40)34,67734,87627,63533,546

18
1/2% Local government sales and use taxes (Article 42)34,67634,63935,58728,119

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

19
Licenses Privilege




840
19.1
Privilege - Occupational & business licensing & permit taxes105
240440744
19.2
Privilege -- All other privileges and pemits
45



20
General Municipal Vehicle Tax





21
Vehicle Tax for Public Transportation





22
Other licenses - Include CATV4,6701,013

8,6877,556
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 Revenues10,2667,82112,96315,08115,90215,902
42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax74,18567,21858,61251,73749,17248,654
45
Beer and Wine tax6,3416,5366,4576,3256,3216,180
46
Powell Bill50,66456,94451,37152,51652,86048,545
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees1,3454,519

390255
51
General Government





52
Public safety21,110
25,38819,076

53
Transportation - Streets





54
Transportation - All other





55
Environmental protection



941,673391,555
56
Econ. & Phys. Dev. - Housing/Comm. Dev.

282,633
168,920229,422
57
Econ. & Phys. Dev. - All Other
1,344,820
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 safety20,69113,848
3,18068,40062,724
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





71PERMITS Building permits





72& FEESInspection fees1,000240801,760

72.1
Amusements licensing and permit taxes





73
Other permits760




74SALES &Parking revenues





75SERVICESRents and royalties
5001,750

3,600
76
Airport





77
Fire protection charges





78
Solid waste108,509104,054110,636109,565110,962110,364
79
Ambulance and rescue squad charges





80
Cemeteries15,2004,8507,5507,0009,6008,000
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 charges804,620841,149868,647807,944786,669716,127
87REVENUESElectric charges1,652,4601,499,1561,426,3001,424,9551,271,5741,292,328
88
Gas charges





88.1
Storm Water Fees





89MISC.On bond proceeds





90REVENUESOn general and all other funds12,63337,60547,45738,22214,3747,951
91
Special assessments





92
Private contribution and donations





93
Sales of materials and fixed assets8,346


2,300
94
Sales of real property





95
Nongovernment contributions for streets and traffic signals





96
Mixed drink surcharge





97
ABC profit distribution4,6355,5326,0571,3979932,991
98
Other miscellaneous revenues7,90219,26757,75362,82321,489147,434
99
Proceeds of the sale of bonds and notes





100
Proceeds of capital leases and installment purchases180,372




101
Other407,032
4,613


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' deposits6,4523,937
-3,146
396
106
Deposits other than utility





107
Prepaid taxes-2,024




108
Prepaid privilege licenses





109APART 4Governing body - Salaries13,20085,63891,01781,06213,75313,200
109BGENERALGoverning body - All other Direct
139,328154,857108,575

109CGOVTGoverning body - Construction





109D
Governing body - Land, Equipment and Existing Structures


111,694

110A
Administration - Salaries65,081


74,57571,940
110B
Administration - All other Direct120,015


109,75973,786
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




315,199
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 - Salaries223,253202,055167,019141,558153,356168,720
119BSAFETYPolice and Communications - All other Direct48,93155,37840,21728,13922,15921,837
119C
Police and Communications - Construction





119D
Police and Communications - Land, Equipment and Existing Structures12,70717,84311,17347,293
7,609
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 - Salaries7,80210,92311,81911,3209,0797,069
122B
Fire - All other Direct66,52039,60060,41448,88035,40251,729
122C
Fire - Construction





122D
Fire - Land, Equipment, and Existing Structures105,190
15,679352,49924,29631,613
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 - Salaries29,31135,03745,40140,83039,87239,701
128B
Streets and Highways - All other Direct99338,75835,31936,94535,53137,696
128C
Streets and Highways - Construction





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

4,380


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 - Salries
53,35741,54240,34337,98336,691
130B
State Street Aid Allocation - Powell Bill - All other Direct87,6766112,20611,594107,0458,158
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 - Salaries52,86971,64549,87438,45037,46675,517
136BMENTALSolid Waste - All other Direct80,94943,37022,20742,07923,13929,978
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Land, Equipment, and Existing Structures
27,027

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 Direct5,74010,0279,03910,9898,1976,206
138C
Cemeteries - Construction





138D
Cemeteries - Land, Equipment, and Existing Structures





139A
Environmental Protection - All Other - Salaries





139B
Environmental Protection - All Other - All other Direct





139C
Environmental Protection - All Other - Construction





139D
Environmental Protection All Other - Land, Equipment, and Existing Structures





140AECONOMICPlanning and Zoning - Salaries





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



168,920229,422
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 Direct21,33820,99112,83217,50613,91113,486
153C
Recreation and Parks - Construction





153D
Recreation and Parks - Land, Equipment, and Existing Structures9,466
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 - Salaries
190,484204,861196,684189,073240,393
158B
Water and Sewer - All other Direct839,653437,222902,562497,024526,664737,626
158C
Water and Sewer - Construction511,205
302,915
899,278457,008
158D
Water and Sewer - Land, Equipment, and Existing Structures23,1541,386,335
1,880

159A
Electric Power - Salaries197,775199,856116,721142,317138,206115,882
159B
Electric Power - All other Direct1,422,3931,303,4501,274,4741,241,5721,082,0231,088,824
159C
Electric Power - Construction





159D
Electric Power - Land, Equipment, and Existing Structures70,705

4,019

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 Payments38,74657,675
100,71649,49042,833
161DSERVICEWater and Sewer - Debt Service Principal Payments29,900


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 Payments10,76328,73258,22315,6362,1211,711
166D
All Other - Debt Service Principal Payments17,969
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)5,4354,6123,6794,34410,9935,841
172B
Fringe Benefits Other - (B)



28,84724,809
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 Vehicles277,949273,718271,894268,094253,788215,772
180 OTHERCurrent Year Levy Motor Vehicles Only42,07643,25539,98647,47753,73037,483
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles13,92012,80614,96214,43513,13414,410
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles8,7989,0719,24511,73510,77510,963
183
Percentage of Taxes Collected - Current Year All Property92.993.1092.2491.7192.2389.98
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles94.9995.3294.5094.6294.8293.32
185
Percentage of Taxes Collected - Current Year - Motor Vehicles79.0979.0376.8875.2879.9570.75
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 Other528,860710,431818,000891,499956,864921,056
190A PARTAppropriations made during the fiscal year pursuant to subsections b (1- 7)





190B 8Expenditures made during the fiscal year pursuant to subsections b (1- 7)





191
Investment in Property Acquired at any time under G.S. 158





192
Amount Expended during the fiscal year pursuant to subsections b (5) and b (7)





193
Amount of Tax Revenues taken into account under G.S.





194APART 9Amounts - Total Revenues and other financing sources per audit3,948,8614,550,4963,728,0383,317,5714,073,8113,884,104
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in37,591
213,618
105,32274,544
194D
Amounts - Net Revenues per AFIR3,911,2704,550,4963,514,4203,317,5713,968,4893,809,560


Calculated amount3,911,2704,550,4963,514,4203,317,5713,968,4893,809,560


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit4,156,3304,459,9543,911,2313,373,9483,990,0844,029,028
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out37,591
213,618
105,32274,544
195D
Amounts Net Expenditures per AFIR4,118,7394,459,9543,697,6133,373,9483,884,7623,954,484


Calculated amount4,118,7394,459,9543,697,6133,373,9483,884,7623,954,484


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatoryKaren Peeden


951
Title of OfficialFinance Officer


952
Date Certified02/14/201002/12/200911/05/2007


953
Person to ContactKaren Peeden


954
Title of Person to ContactFinance Officer


955
Telephone Number919-242-5151


956
Facsimile Number919-742-7212






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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Fremont













200920082007200620052004








Population
1,4081,4121,4191,4291,4321,428
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
$000000
Total Operating Revenues Per Capita
$000000
Group Weighted Average Revenues Per Capita000070
State Weighted Average Revenues Per Capita2201215163








% to Total Operating Revenues






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








Operating Margin
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!#DIV/0!#DIV/0!#DIV/0!100.00%#DIV/0!
State Weighted Average
-187.00%10.06%15.79%-4.54%-19.75%-238.51%








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








Net Income before capital contributions
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!#DIV/0!#DIV/0!#DIV/0!4621.76%#DIV/0!
State Weighted Average
968.20%480.53%1193.75%778.98%531.01%2097.68%








Key Ratios and Cash Flow














Quick Ratio
0.360.690.540.360.260.24
Group Weighted Average
4.705.284.402.845.533.77
State Weighted Average
2.812.962.902.821.822.76








Days Sales in Receivables
N/AN/AN/AN/AN/AN/A
Group Weighted Average
#DIV/0!#DIV/0!0.0#DIV/0!#DIV/0!0.0
State Weighted Average
47.360.742.687.697.761.5








Days Cash on Hand
0.00.00.00.00.00.0
Group Weighted Average
-69.70.0-65.4-106.80.0-12.4
State Weighted Average
-46.5-344.5-221.9-343.5-346.7-208.8








Cash flow from Operations
-$35,11325,818-241,241-87,520138,522-303,941








Debt to Equity
0.000.000.000.000.160.00
Group Weighted Average
1.780.00#DIV/0!0.950.141.21
State Weighted Average
27.793.775.743.822.363.93








Debt per Capita
0059406420
Group Weighted Average
9670352904453
State Weighted Average
754535335660675266








Capital Expenditures:
200920082007200620052004


$534,3591,386,335302,9151,880899,278457,008










2003200220012000



$1,370,2514,645,2859,511257,034









Capital Contributions: Excluded from income above
$000000
















Operating Statistics














Estimated population of the areas served Water00806NANANA
Estimated population of the areas served Sewer00674NANANA








Number of Gallons of Water Processed (000) omitted539,74639,752NANANA
Number of Gallons of Sewage Processed (000) omitted447,32765,182NANANA








Number of Gallons of Water Billed (000) omitted330,52839,752NANANA
Number of Gallons of Sewage Billed (000) omitted440,14865,182NANANA








Ratio of Water Billed to Water Processed0.600000.768081.00000NANANA
Ratio of Sewage Billed to Sewage Processed1.000000.848311.00000NANANA








Total Revenue from Water Sales247,000209,181257,353NANANA
Total Revenue from Sewage Sales496,000445,231597,966NANANA








Water Revenue per 1000 gallons of Sales


319.29653NANANA
Sewage Revenue per 1000 gallons of Sales


887.18991NANANA








Group Average Sales per thousand Gallons Water$39.12016$9.21753$4,470.42307NANANA
Group Average Sales per thousand Gallons Sewage$35.74438$25.29767$2,448.46180NANANA








State Average Sales per thousand Gallons Water$39.12016$9.21753$4,470.42307NANANA
State Average Sales per thousand Gallons Sewage$35.74438$25.29767$2,448.46180NANANA








Residential Water Sales per thousand Gallons$73,333.333336.852100.63220NANANA
Residential Sewage Sales per thousand Gallons$158,000.0000011.0897413.09263NANANA








Water Sales per thousand Gallons outside Municipal Limits

8.20671NANANA
Sewage Sales per thousand Gallons outside Municipal Limits

6.13077NANANA








Total Water Sales per thousand gallons for Redistribution$0.000000.00000257,353.00000NANANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.00000NANANA




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Key Ratios of Electric Systems for The




Town of Fremont













200920082007200620052004








Population
1,4081,4121,4191,4291,4321,428
Power Agency Group
N.C. Easterrn Municipal Power Agency
Total Operating Revenues
$000000
Group Weighted Average
01,422,79600121,3010








% to Total Operating Revenues






Power Purchases
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average
0.0%23.2%#DIV/0!#DIV/0!2115.3%#DIV/0!








Other Operating Expenses
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average
0.0%27.2%#DIV/0!#DIV/0!-2016.2%#DIV/0!








Operating Margin
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average
100.0%49.6%#DIV/0!#DIV/0!0.9%#DIV/0!








Operating Transfers In/(out)
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average In/(out)
0.0%-0.7%#DIV/0!#DIV/0!-4.5%#DIV/0!








Net Income
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average
#DIV/0!36.9%#DIV/0!#DIV/0!63.6%#DIV/0!








Key Ratios and Cash Flow














Quick Ratio
3.24.56.58.07.832.7
Group Weighted Average
2.62.62.62.93.23.5








Coverage Ratio
0.000.000.000.000.000.00
Group Weighted Average
12.924.718.211.441.297.51








Days Sales in Receivables
0.00.00.00.00.00.0
Group Weighted Average
N/A3.5N/AN/AN/A14.9








Days Cash on Hand
0.00.00.00.00.00.0
Group Weighted Average
-304.7-8598.6322.6-46.3-4.9-638.1








Cash flow from Operations
-$3,275-4,841319,75717,34138,05850,226








Capital Expenditures:
$70,705004,01900


















200920082007200620052004
Capital Contributions: Excluded from Income Above
$000000








Operating Transfers to the General Fund as a % of GF Revenues
0.00%0.00%0.00%0.00%0.00%3.01%










20032002200120001999


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








Gross Electric Fund Assets as Cost
$00001,163,8960
Estimated Tax Loss from Municipal Ownership of Utility
$0$0007,5650
Tax Rate Equivalent
0.00000.00000.00000.00000.01590.0000








Operating Transfers to the General Fund as a % of Gross Fixed Assets
0.00%0.00%0.00%0.00%0.00%0.00%








Operating Transfers to the General Fund as a Tax Rate Equivalent
0.00000.00000.00000.00000.00000.0617








Tax Rate Adjusted for Assessed to Sales Ratio
0.53830.57170.59040.61440.63840.5493








Tax Rate Adjusted Excluding Transfers
0.53830.57170.59040.61440.63840.6110








Weighted Average Group Rate Adjusted
0.41840.43010.38210.40600.42520.4080








Weighted Average Non Electric Adjusted Rate
0.25890.25440.27370.28260.28700.2954




Financial Graphs and Comparisons


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

20052006200720082009
Unit's FBA %37.45%35.92%56.55%59.06%37.09%
Group average FBA %74.56%69.73%80.89%83.14%82.00%
State average Electric/Non Electric Group FBA %36.67%35.62%33.99%35.41%34.57%
State average FBA %36.78%36.96%74.56%36.34%37.00%






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

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Analysis of Property Tax

20052006200720082009
Municipality92.23%91.71%92.24%93.10%92.90%
Pop. Group92.77%93.37%93.09%91.99%94.28%
Statewide97.42%97.55%97.59%97.64%97.78%






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






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Analysis of General Obligation Debt

20052006200720082009
Municipality612602594585573
Pop. Group306297294277265
Statewide505495478456455






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20052006200720082009
Property Tax$218214217223225
Utility1,4371,5631,6171,6571,745
Sales Tax8811610810899
Sales & Services84891017788
Intergovernmental9102233081,064131
Debt Proceeds0000128
Other Miscellaneous3411712694362
Total$2,7712,3222,4773,2232,778

Go to top of page
Analysis of Revenue for Fiscal 2009











2009
2009
CategoryRevenue
Per Capita
Property Tax$317,465
$225
Water/Sewer804,620
571
Electric1,652,460
1,174
Other Utilities0
0
Sales Tax138,707
99
Sales & Services123,709
88
Intergovernment184,602
131
Debt Proceeds180,372
128
Miscellaneous509,335
362
Total$3,911,270
$2,778





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





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Analysis of Expenditures by Function for Fiscal 2009











2009
2009
CategoryExpenditures
Per Capita
General Government$198,296
$140
Water/Sewer1,374,012
976
Electric1,690,873
1,201
Other Utilities0
0
Debt Service97,378
69
Transportation117,980
84
Public Safety469,838
334
Other170,362
121
Total$4,118,739
$2,925





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





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Analysis of Expenditures by Object for Fiscal 2009






2009
2009
CategoryExpenditures
Per Capita
Salaries & Wages$589,291
$419
Water/Sewer Capital534,359
380
Electric Capital70,705
50
Other Capital127,363
90
Other Operating2,797,021
1,986
Total$4,118,739
$2,925





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






Last Updated 6/11/2010 9:44:21 AM