North Carolina
Department of State Treasurer
Financial Information
Town of Kenly

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Financial Graphs and Comparisons
Download Excel 97 Version of Financial Summary

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$645,815	637,044	632,389	627,168	631,701	583,608
		Utility	1,017,700	982,186	1,026,580	1,063,150	949,846	950,731
		Sales Tax	221,758	259,521	270,543	245,431	234,350	210,479
		Sales & Services	106,087	95,908	94,930	93,710	102,348	113,942
		Intergovernmental	454,163	189,904	212,562	162,206	261,192	124,197
		Debt Proceeds	-	-	700,000	-	8,615	-
		Other Miscellaneous	24,561	46,312	44,127	44,679	40,382	378,032
		Total	$2,470,084	2,210,875	2,981,131	2,236,344	2,228,434	2,360,989

	Expenditures by Function
		Utility	$964,444	1,688,956	875,681	846,891	781,987	1,076,429
		Debt Service	181,472	183,598	100,746	109,701	247,993	204,338
		Transportation	149,060	143,169	131,547	123,969	197,978	155,923
		General Government	170,785	189,595	208,295	177,315	156,716	125,480
		Public Safety	590,249	583,439	516,015	486,653	500,032	547,717
		Other	977,428	389,229	329,600	299,077	422,840	249,129
		Total	$3,033,438	3,177,986	2,161,884	2,043,606	2,307,546	2,359,016

	Expenditures by Object
		Salaries & Wages	$862,786	762,837	753,080	701,876	681,840	597,029
		Capital Outlay	700,175	834,863	157,131	109,068	288,788	522,896
		Other Operating + Debt Service	1,470,477	1,580,286	1,251,673	1,232,662	1,336,918	1,239,091
		Total	$3,033,438	3,177,986	2,161,884	2,043,606	2,307,546	2,359,016


	Per Capita Revenues by Source
		Property Tax	$327	329	334	338	347	328
		Utility	516	508	542	573	522	534
		Sales Tax	113	134	144	133	129	118
		Sales & Services	54	50	50	50	56	64
		Intergovernmental	230	98	112	87	143	70
		Debt Proceeds	-	-	370	-	5	-
		Other Miscellaneous	12	24	23	24	22	212
		Total	$1,252	1,143	1,575	1,205	1,224	1,326

	Per Capita Expenditures by Function
		Utility	$489	873	463	456	429	605
		Debt Service	92	95	53	59	136	115
		Transportation	76	74	69	67	109	88
		General Government	86	97	110	96	86	69
		Public Safety	299	302	273	262	275	308
		Other	495	201	174	161	232	140
		Total	$1,537	1,642	1,142	1,101	1,267	1,325

	Per Capita Expenditures by Object
		Salaries & Wages	$437	394	398	378	374	335
		Capital Outlay	355	431	83	59	159	294
		Other Operating	745	817	661	664	734	696
		Total	$1,537	1,642	1,142	1,101	1,267	1,325

	Population Group		No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Number of Municipalites in Group	100	101	101	103	102	106
		Average Population In Group	1,652	1,661	1,642	1,638	1,648	1,644
		Town of Kenly Population	1,973	1,935	1,893	1,856	1,821	1,780
	Group Average Per Capita Revenues by Source
		Property Tax	399	406	369	348	331	319
		Utility	405	415	423	391	374	340
		Sales Tax	169	199	195	179	172	157
		Sales & Services	79	82	76	72	71	64
		Intergovernmental	226	222	221	246	220	257
		Debt Proceeds	71	129	69	170	89	82
		Other Miscellaneous	138	192	196	160	125	137
		Total	1,487	1,645	1,549	1,566	1,382	1,356

	Group Average Per Capita Expenditures by Function
		Utility	504	572	461	487	425	445
		Debt Service	147	126	110	108	107	86
		Transportation	139	140	142	131	132	139
		General Government	204	265	201	221	193	174
		Public Safety	331	384	346	326	294	315
		Other	190	203	206	206	170	159
		Total	1,515	1,690	1,466	1,479	1,321	1,318

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	453	450	427	402	397	376
		Capital Outlay	287	483	305	373	283	317
		Other Operating	775	757	734	704	641	625
		Total	1,515	1,690	1,466	1,479	1,321	1,318


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$1,132,210	1,172,279	1,163,802	1,129,030	1,161,091	1,066,019
	General Fund expenditures		1,187,347	1,179,147	1,095,261	1,016,621	1,108,455	1,057,878
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		370,354	71,003	-	-	52,925	-
	Capital leases and installment purchase proceeds		-	-	-	-	8,615	-
	Other items		-	-	-	2,550	-	20,610
	Excess of revenues and other sources over (under) expenditures and other uses		(425,491)	(77,871)	68,541	114,959	8,326	28,751

	Fund balance available (FBA):
		In dollars	$2,704	425,683	501,398	422,185	312,500	219,258
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.17	34.05	45.78	41.53	27.11	20.73
		Group weighted average FBA %	65.92	62.44	65.48	64.58	69.64	70.93
		State weighted average Non-Electric Group	37.77	36.63	37.38	37.38	36.82	36.42
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$223,264	346,323	575,633	505,392	384,946	323,870
		Quick ratio	2.12	2.47	3.70	4.27	3.55	2.07
		Net income	(139,453)	(213,732)	42,891	81,973	(44,596)	381,458
		Cashflow from operations	(7,170)	(19,443)	249,057	232,970	216,939	253,691
		Depreciation & Amortization Expense	149,923	156,652	141,326	141,489	140,412	133,286



Cash, Investments and Financing Go to top of page			2009	2008	2007	2006	2005	2004

		Population at July 1st of the Previous Year	1,973	1,935	1,893	1,856	1,821	1,780
		Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$335,900	963,146	1,279,814	1,048,168	882,515	960,982
		Investment Earnings	9,269	27,866	29,732	22,623	13,087	10,534
		Tax Rate Equivalent	0.0089	0.0272	0.0291	0.0227	0.0134	0.0109
		Tax Rate Equivalent Group weighted average	0.0130	0.0261	0.0409	0.0283	0.0164	0.0094
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$104,299,284	102,617,184	102,211,921	99,451,151	97,388,259	96,942,669
		Tax Rate	0.6100	0.6100	0.5300	0.6100	0.6100	0.6800
		Tax Rate Group weighted average	0.2983	0.2860	0.3424	0.3297	0.3306	0.3386
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	85.55	89.26	91.71	97.04	96.15	98.37
		Assessment -to-Sales Ratio Group weighted average	86.77	88.94	79.96	85.71	86.82	87.25
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$121,916,171	114,964,356	111,451,228	102,484,698	101,287,841	98,549,018
		EffectiveTax Rate	0.5219	0.5445	0.4861	0.5919	0.5865	0.6689
		Group weighted average Effective Tax Rate	0.2589	0.2544	0.2737	0.2826	0.2870	0.2954
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	98.16	98.28	98.21	94.71	98.00	92.95
		Percent Collected Group weighted average	96.68	96.86	97.18	96.94	96.84	96.44
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	99.07	99.15	99.35	95.49	99.10	93.80
		Percent Collected Excluding Motor Vehicles Group weighted average	96.67	97.78	98.01	97.76	97.85	97.87
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.31	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	89.35	90.57	87.32	88.66	89.35	86.06
		Percent Collected Motor Vehicles Only Group weighted average	84.59	85.16	86.07	85.54	86.22	84.36
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	6,434	10,808	11,129	32,611	12,064	41,490
		Tax Rate Equivalent	0.0062	0.0105	0.0109	0.0328	0.0124	0.0428
		Dominant County: Johnston
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	0	0	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	265	277	294	297	306	297
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1750%	0.1852%	0.2336%	0.2606%	0.2847%	0.2930%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	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	$581,373	642,494	700,000	0	0	0
		--General Government	0	0	0	0	0	0
		Total*	$581,373	642,494	700,000	0	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$730,942	804,036	877,130	950,224	1,023,319	1,096,413


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		1,973	1,935	1,893	1,856	1,821	1,780

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	2,319,824	2,201,226	2,082,262	1,971,968	1,925,009	2,159,363
1.5B	FISCAL	Governmental Activities Liabilities	159,188	187,655	68,025	62,007	72,137	512,462
3.5A	SUMMARY	Business Type Activities Assets	4,407,018	4,716,831	5,047,182	4,357,216	4,344,808	4,700,184
3.5B		Business Type Activities Liabilties	1,391,847	1,562,209	1,678,826	1,031,751	1,101,316	1,412,096
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
10	PART 2	Current collections of unit-wide levy	625,898	618,710	610,862	605,405	592,094	546,856
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	11,694	11,710	14,962	15,174	31,936	28,913
13		Penalties and interest	8,223	6,624	6,565	6,589	7,671	7,839
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax
16		1% Local government sales and use tax	110,879	129,761	135,271	122,715	117,175	105,239
17		1/2% Local government sales and use taxes (Article 40)	55,439	64,880	67,636	61,358	58,587	52,620
18		1/2% Local government sales and use taxes (Article 42)	55,440	64,880	67,636	61,358	58,588	52,620
18.5		1/2% Local government sales and use taxes (Article 44)
19		Licenses Privilege						100
19.1		Privilege - Occupational & business licensing & permit taxes	150	125		175	75
19.2		Privilege -- All other privileges and pemits			125
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	429	443	2,894	6,237	6,313	6,606
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property					28,442
29	REVENUES	General government
30		Public safety
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax	171,988
34		Housing/community development
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax	664	1,263	754	5,619	5,174	3,246
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	70,254	68,577	61,340	55,029	51,818	51,518
45		Beer and Wine tax	8,690	8,720	8,387	8,043	7,879	7,035
46		Powell Bill	60,807	67,170	59,535	60,019	59,577	51,050
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	1,100	1,709			803	660
51		General Government						10,688
52		Public safety			6,503	3,230
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection		42,465	76,043	30,266	107,499
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation	140,660
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety
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
71	PERMITS	Building permits	230	325	390	435	200	340
72	& FEES	Inspection fees			799	1,312
72.1		Amusements licensing and permit taxes
73		Other permits
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties				375	3,738	7,050
76		Airport
77		Fire protection charges
78		Solid waste	83,883	75,933	77,682	76,666	80,106	91,457
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues		17,303	15,530	15,688	16,844	13,863
82		Library service revenues	4,934	2,672	1,718	981	1,660	1,572
83		Other cultural and recreational service revenues	17,270
84		Mass transit - city operated
85		Other sales and services
86	UTILITY	Water and sewer charges	1,017,700	982,186	1,026,580	1,063,150	949,846	950,731
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	9,269	27,866	29,732	22,623	13,087	10,534
91		Special assessments
92		Private contribution and donations						93,907
93		Sales of materials and fixed assets				2,550		20,610
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	7,792	8,934	5,459	5,211	5,017	4,564
98		Other miscellaneous revenues	6,691	8,619	4,728	6,136	15,690	13,488
99		Proceeds of the sale of bonds and notes			700,000
100		Proceeds of capital leases and installment purchases					8,615
101		Other						227,883
102	NON-REV	Supplemental schools taxes - current levy collections
103	RECEIPTS	Prior years' levy collections
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits	647	1,145	4,700	1,839	4,746	1,692
106		Deposits other than utility
107		Prepaid taxes	-781	-152	1,375	-236	453	342
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	3,230	3,230	12,950	3,230	4,844	1,615
109B	GENERAL	Governing body - All other Direct	34,293	41,772	36,224	29,913	29,867	12,990
109C	GOVT	Governing body - Construction		24,207	15,425
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	55,713	54,052	58,667	55,830	48,764	38,667
110B		Administration - All other Direct	54,364	54,627	54,263	44,143	58,097	38,063
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures						18,170
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	23,185
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct			9,276	36,210	15,144	15,975
115C		Public Buildings - Construction
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		2,927		65
118B		General Government All Other - All other Direct		8,780	21,490	7,924
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	362,161	370,077	320,938	306,245	295,295	265,264
119B	SAFETY	Police and Communications - All other Direct	127,030	114,748	100,667	78,843	88,771	105,925
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures				8,754	28,203	96,053
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 - Salaries
122B		Fire - All other Direct	82,401	81,733	81,654	79,975	73,495	69,201
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
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	5,270	316
125B		Animal Control - All other Direct	1,036	2,845	455	404	2,868	806
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
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	28,457	30,103	29,203	24,489	82,307	63,543
128B		Streets and Highways - All other Direct	120,603	113,066	102,344	99,480	96,119	92,380
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures					19,552
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
130B		State Street Aid Allocation - Powell Bill - All other Direct
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
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
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct	98,837	95,533	87,702	84,324	98,952	103,084
136C	PROTECTION	Solid Waste - Construction						20,352
136D		Solid Waste - Land, Equipment, and Existing Structures
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction	558,726	126,285	90,196	70,393	169,111
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct	800	800	800	800	800	800
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
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct	1,787	1,680	1,526	1,304	2,213	1,170
140C	DEVELOP	Planning 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
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
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - 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
153A	CULTURE	Recreation and Parks - Salaries	38,250	36,911	34,830	33,047	33,434	31,332
153B	RECREATION	Recreation and Parks - All other Direct	76,446	72,461	68,396	66,562	55,789	50,351
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	141,449				14,265
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	43,009	42,285	30,432	29,866	33,277	30,841
156B		Libraries - All other Direct	18,124	13,274	15,718	12,781	14,999	11,199
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
158A	UTILITY	Water and Sewer - Salaries	326,696	222,936	266,060	249,104	183,919	165,767
158B		Water and Sewer - All other Direct	637,748	781,649	558,111	567,866	540,411	522,341
158C		Water and Sewer - Construction		661,179	51,510			338,760
158D		Water and Sewer - Land, Equipment, and Existing Structures		23,192		29,921	57,657	49,561
159A		Electric Power - Salaries
159B		Electric Power - All other Direct
159C		Electric Power - Construction
159D		Electric Power - Land, Equipment, and Existing Structures
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
161B	DEBT	Water and Sewer - Debt Service Interest Payments	47,257	52,998	27,652	29,779	38,334	48,597
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	134,215	130,600	73,094	79,922	209,659	155,741
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 Payments
166D		All Other - Debt Service Principal Payments
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe 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)	12,351	13,720	12,301	12,432	11,400	10,468
172B		Fringe Benefits Other - (B)
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-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 6	Current Year Levy Excluding Motor Vehicles	578,132	566,055	563,009	544,860	536,466	523,323
180	OTHER	Current Year Levy Motor Vehicles Only	59,471	63,463	58,982	71,056	67,692	65,023
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	5,369	4,825	3,653	24,550	4,852	32,426
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	6,336	5,983	7,476	8,061	7,212	9,064
183		Percentage of Taxes Collected - Current Year All Property	98.16	98.28	98.21	94.71	98.00	92.95
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	99.07	99.15	99.35	95.49	99.10	93.80
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	89.35	90.57	87.32	88.66	89.35	86.06
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
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds			651,122
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	335,900	963,146	1,279,814	1,048,168	882,515	960,982
190A	PART	Appropriations made during the fiscal year pursuant to subsections b (1- 7)
190B	8	Expenditures 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.
194A	PART 9	Amounts - Total Revenues and other financing sources per audit	2,840,438	2,281,878	2,981,131	2,236,344	2,371,797	2,381,341
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	370,354	71,003			143,363	20,352
194D		Amounts - Net Revenues per AFIR	2,470,084	2,210,875	2,981,131	2,236,344	2,228,434	2,360,989
		Calculated amount	2,470,084	2,210,875	2,981,131	2,236,344	2,228,434	2,360,989
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	3,403,792	3,248,989	2,161,884	2,043,606	2,450,909	2,379,368
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	370,354	71,003			143,363	20,352
195D		Amounts Net Expenditures per AFIR	3,033,438	3,177,986	2,161,884	2,043,606	2,307,546	2,359,016
		Calculated amount	3,033,438	3,177,986	2,161,884	2,043,606	2,307,546	2,359,016
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Herbert L. Hales, II
951		Title of Official	Mayor
952		Date Certified	10/27/2009	11/12/2008	11/19/2007
953		Person to Contact	Sharon Evans
954		Title of Person to Contact	Town Clerk
955		Telephone Number	919-284-2116
956		Facsimile Number	919-284-5229

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

	2009	2008	2007	2006	2005	2004

Population	1,973	1,935	1,893	1,856	1,821	1,780
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
Total Operating Revenues	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	0	75	3	32	8	0
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	98.01%	139.02%	116.33%	209.74%	298.37%
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!	1.99%	-39.02%	-16.33%	-109.74%	-198.37%
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!	0.43%	-118.05%	2.69%	0.00%	34.58%
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!	153.87%	3582.80%	394.35%	1307.56%	44686.13%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	2.12	2.47	3.70	4.27	3.55	2.07
Group Weighted Average	3.11	2.84	3.25	3.58	3.48	4.12
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	#DIV/0!	39.3	#DIV/0!	25.2	72.0	42.6
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-34.4	-914.3	-151.5	-72.9	-18.2	-46.6
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	-$7,170	-19,443	249,057	232,970	216,939	253,691

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	1.85	0.48	11.68	2.57	0.33	0.25
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	748	0	512	0	606
Group Weighted Average	30	299	213	244	107	61
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$0	684,371	51,510	29,921	57,657	388,321

	2003	2002	2001	2000
	$23,798	24,145	273,414	544,229

Capital Contributions: Excluded from income above	$0	0	0	0	0	0


Operating Statistics

Estimated population of the areas served Water	0	0	1,834	NA	NA	NA
Estimated population of the areas served Sewer	0	0	2,327	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	92	104,875	102,658	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	85	100,212	83,920	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	89	69,851	72,618	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	85	100,212	83,920	NA	NA	NA

Ratio of Water Billed to Water Processed	0.96995	0.66604	0.70738	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	1.00000	1.00000	1.00000	NA	NA	NA

Total Revenue from Water Sales	368,425	345,866	350,489	NA	NA	NA
Total Revenue from Sewage Sales	648,371	613,593	647,281	NA	NA	NA

Water Revenue per 1000 gallons of Sales			191.10632	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			278.16115	NA	NA	NA

Group Average Sales per thousand Gallons Water	$27.87923	$1,769.81984	$14,046.04813	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$29.30419	$799.17941	$6,255.74662	NA	NA	NA

State Average Sales per thousand Gallons Water	$28.47236	$12,972.02948	$5,350.70834	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$41.46915	$10,319.10819	$3,921.08643	NA	NA	NA

Residential Water Sales per thousand Gallons	$4,257.74356	3.60095	4.48249	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$8,768.08599	6.50494	6.59392	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits			6.00013	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits			6.90853	NA	NA	NA

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

Financial Graphs and Comparisons

Analysis of Available Fund Balance: General Fund
Analysis of Property Tax Collection %
Analysis of General Obligation Debt
Analysis of Revenue (5 years)
Analyis of Revenue (most recent fiscal year)
Analysis of Expenditures by Function
Analysis of Expenditures by Object

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Analysis of Available Fund Balance: General Fund

	2005	2006	2007	2008	2009
Unit's FBA %	27.11%	41.53%	45.78%	34.05%	0.17%
Group average FBA %	69.64%	64.58%	65.48%	62.44%	65.92%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	69.64%	36.34%	37.00%

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

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2005 2006 2007 2008 2009

Municipality 98.00% 94.71% 98.21% 98.28% 98.16%

Pop. Group 96.84% 96.94% 97.18% 96.86% 96.68%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

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

	2005	2006	2007	2008	2009
Municipality	98.00%	94.71%	98.21%	98.28%	98.16%
Pop. Group	96.84%	96.94%	97.18%	96.86%	96.68%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

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

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2005 2006 2007 2008 2009

Municipality 0 0 0 0 0

Pop. Group 306 297 294 277 265

Statewide 505 495 478 456 455

Municipal Population Group: 1,000 to 2,499

	2005	2006	2007	2008	2009
Municipality	0	0	0	0	0
Pop. Group	306	297	294	277	265
Statewide	505	495	478	456	455

Municipal Population Group: 1,000 to 2,499

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2005 2006 2007 2008 2009

Property Tax $347 338 334 329 327

Utility 522 573 542 508 516

Sales Tax 129 133 144 134 113

Sales & Services 56 50 50 50 54

Intergovernmental 143 87 112 98 230

Debt Proceeds 5 0 370 0 0

Other Miscellaneous 22 24 23 24 12

Total $1,224 1,205 1,575 1,143 1,252

	2005	2006	2007	2008	2009
Property Tax	$347	338	334	329	327
Utility	522	573	542	508	516
Sales Tax	129	133	144	134	113
Sales & Services	56	50	50	50	54
Intergovernmental	143	87	112	98	230
Debt Proceeds	5	0	370	0	0
Other Miscellaneous	22	24	23	24	12
Total	$1,224	1,205	1,575	1,143	1,252

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2009
2009

Category Revenue
Per Capita

Property Tax $645,815
$327

Water/Sewer 1,017,700
516

Electric 0
0

Other Utilities 0
0

Sales Tax 221,758
113

Sales & Services 106,087
54

Intergovernment 454,163
230

Debt Proceeds 0
0

Miscellaneous 24,561
12

Total $2,470,084
$1,252

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

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2009
2009

Category Expenditures
Per Capita

General Government $170,785
$86

Water/Sewer 964,444
489

Electric 0
0

Other Utilities 0
0

Debt Service 181,472
92

Transportation 149,060
76

Public Safety 590,249
299

Other 977,428
495

Total $3,033,438
$1,537

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

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $862,786
$437

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 700,175
355

Other Operating 1,470,477
745

Total $3,033,438
$1,537

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

Last Updated 6/11/2010 9:54:35 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$645,815	$327
Water/Sewer	1,017,700	516
Electric	0	0
Other Utilities	0	0
Sales Tax	221,758	113
Sales & Services	106,087	54
Intergovernment	454,163	230
Debt Proceeds	0	0
Miscellaneous	24,561	12
Total	$2,470,084	$1,252

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Kenly

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Kenly