North Carolina
Department of State Treasurer
Financial Information
Town of Micro

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

Institute of Government North Carolina Cities Web Site

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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			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$111,808	116,017	112,532	102,331	87,829	79,308
		Utility	301,884	281,590	288,862	259,677	240,475	234,343
		Sales Tax	37,105	35,466	37,147	36,565	35,323	32,351
		Sales & Services	60,816	50,668	52,132	48,346	47,839	43,417
		Intergovernmental	64,069	34,413	38,495	36,926	34,326	33,347
		Debt Proceeds	23,108	-	-	-	-	-
		Other Miscellaneous	2,033	33,470	3,637	3,366	6,422	42,726
		Total	$600,823	551,624	532,805	487,211	452,214	465,492

	Expenditures by Function
		Utility	$299,317	264,021	258,940	228,521	229,838	204,889
		Debt Service	24,751	20,459	26,041	25,604	27,884	26,892
		Transportation	33,076	29,815	22,176	24,364	35,921	49,711
		General Government	93,707	70,938	83,645	74,602	69,340	68,657
		Public Safety	86,091	71,668	64,692	73,925	53,455	57,202
		Other	76,375	109,092	67,060	66,052	63,160	59,933
		Total	$613,317	565,993	522,554	493,068	479,598	467,284

	Expenditures by Object
		Salaries & Wages	$174,183	168,771	159,766	119,170	131,700	108,480
		Capital Outlay	-	19,691	11,116	5,125	285	10,665
		Other Operating + Debt Service	439,134	377,531	351,672	368,773	347,613	348,139
		Total	$613,317	565,993	522,554	493,068	479,598	467,284


	Per Capita Revenues by Source
		Property Tax	$252	208	207	192	169	156
		Utility	680	506	531	487	462	460
		Sales Tax	83	63	67	69	69	64
		Sales & Services	137	91	96	91	92	85
		Intergovernmental	144	62	71	69	66	66
		Debt Proceeds	52	-	-	-	-	-
		Other Miscellaneous	5	60	7	6	12	84
		Total	$1,353	990	979	914	870	915

	Per Capita Expenditures by Function
		Utility	$674	474	476	429	442	403
		Debt Service	56	37	48	48	54	53
		Transportation	74	54	41	46	69	98
		General Government	211	126	154	139	133	134
		Public Safety	194	129	119	139	103	112
		Other	172	196	123	124	121	118
		Total	$1,381	1,016	961	925	922	918

	Per Capita Expenditures by Object
		Salaries & Wages	$392	303	294	224	253	213
		Capital Outlay	-	35	20	10	1	21
		Other Operating	989	678	647	691	668	684
		Total	$1,381	1,016	961	925	922	918

	Population Group		No Electric 499 and Below	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Number of Municipalites in Group	126	99	94	96	96	95
		Average Population In Group	271	727	726	729	726	727
		Town of Micro Population	444	557	544	533	520	509
	Group Average Per Capita Revenues by Source
		Property Tax	828	411	400	400	335	298
		Utility	932	425	444	423	366	312
		Sales Tax	160	135	165	190	167	155
		Sales & Services	99	67	58	55	51	47
		Intergovernmental	478	320	399	298	361	357
		Debt Proceeds	43	35	90	96	29	45
		Other Miscellaneous	1,296	146	180	178	232	165
		Total	3,836	1,539	1,736	1,640	1,541	1,379

	Group Average Per Capita Expenditures by Function
		Utility	565	441	428	437	404	484
		Debt Service	296	105	110	97	83	71
		Transportation	149	135	122	148	153	117
		General Government	465	258	309	321	313	224
		Public Safety	406	283	301	294	250	241
		Other	681	279	382	291	279	292
		Total	2,562	1,501	1,652	1,588	1,482	1,429

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	579	425	419	406	352	309
		Capital Outlay	379	241	302	298	334	370
		Other Operating	1,604	835	931	884	796	750
		Total	2,562	1,501	1,652	1,588	1,482	1,429


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$0	277,377	254,794	228,806	212,813	202,439
	General Fund expenditures		-	284,987	242,219	246,279	232,185	244,520
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		-	(7,610)	12,575	(17,473)	(19,372)	(42,081)

	Fund balance available (FBA):
		In dollars	$0	66,135	79,869	67,255	85,182	105,797
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	23.21	32.97	27.31	36.69	43.27
		Group weighted average FBA %	152.90	100.58	103.21	88.65	100.61	101.57
		State weighted average Non-Electric Group	38.21	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	38.21	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$0	73,281	84,117	86,828	75,904	84,399
		Quick ratio	0.00	3.49	4.35	4.34	3.78	3.97
		Net income	0	(41,735)	(35,217)	(21,357)	(41,126)	(22,908)
		Cashflow from operations	0	19,245	14,970	28,278	13,548	33,779
		Depreciation & Amortization Expense	0	42,059	41,634	42,921	44,303	43,700



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

		Population at July 1st of the Previous Year	444	557	544	533	520	509
		Population Group	No Electric 499 and Below	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Cash &Investments	$166,254	$181,109	$177,463	$173,777	$179,767	$211,543
		Investment Earnings	97	227	645	571	615	627
		Tax Rate Equivalent	0.0005	0.0011	0.0032	0.0027	0.0035	0.0036
		Tax Rate Equivalent Group weighted average	0.0022	0.0051	0.0185	0.0245	0.0375	0.0327
		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	$20,443,750	20,891,480	20,464,334	21,148,793	17,601,309	17,493,569
		Tax Rate	0.5500	0.5500	0.5500	0.5000	0.5000	0.4500
		Tax Rate Group weighted average	0.2635	0.1922	0.1910	0.1936	0.2310	0.2737
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	98.69	90.05	85.55	89.26	91.71	97.04
		Assessment -to-Sales Ratio Group weighted average	101.84	101.44	87.47	87.75	77.67	88.06
		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	$20,715,118	23,199,867	23,920,905	23,693,472	19,192,355	18,027,173
		EffectiveTax Rate	0.5428	0.4953	0.4705	0.4463	0.4586	0.4367
		Group weighted average Effective Tax Rate	0.2683	0.1950	0.1670	0.1699	0.1794	0.2410
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	98.8900	98.9400	98.2900	97.6100	97.7000	98.1400
		Percent Collected Group weighted average	97.39	95.20	95.59	96.16	96.02	95.56
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	99.87	100.00	99.89	99.33	99.58	98.26
		Percent Collected Excluding Motor Vehicles Group weighted average	97.74	96.47	96.77	97.36	97.36	97.10
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	89.92	89.35	87.33	87.04	86.75	97.32
		Percent Collected Motor Vehicles Only Group weighted average	82.85	81.89	83.96	83.47	81.48	82.58
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	11,150	11,283	14,427	15,171	13,183	11,548
		Tax Rate Equivalent	0.0545	0.0540	0.0705	0.0717	0.0749	0.0660
		Dominant County: Johnston
	Debt Information
		Population Group	Under 500	500 to 999	500 to 999	500 to 999	500 to 999	500 to 999
		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	205,000	212,000	219,000	226,000	232,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	205,000	212,000	219,000	226,000	232,000
		Per Capita	$0	368	390	411	435	456
		Total Per Capita for the Population Group	#N/A	193	200	215	212	223
		Total Per Capita Statewide	#N/A	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.8836%	0.8863%	0.9243%	1.1776%	1.2869%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	#N/A	0.0895%	0.0813%	0.0884%	0.1085%	0.1673%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	#N/A	0.4104%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt	$0

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	0	0	0	0	0	0
		Total*	$0	0	0	0	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		444	557	544	533	520	509

1.5A	FISCAL	Governmental Activities Assets	279,581	297,797	285,361	284,159	222,283	283,111
1.5B	SUMMARY	Governmental Activities Liabilities	29,612	41,750	26,300	31,793	34,805	68,375
3.5A		Business Type Activities Assets	1,134,885	1,191,573	1,240,403	1,285,727	1,318,722	1,358,297
3.5B		Business Type Activities Liabilties	219,172	229,306	236,401	246,509	258,147	256,595
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	110,693	112,014	110,788	101,453	86,011	78,329
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	657	2,475	1,182	197	1,276	361
13.0		Penalties and Interest	458	1,528	562	681	542	618
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	460	376
16.0		1% Local Government Option Sales Tax	21,463	18,559	14,689	13,536	13,758	12,626
17.0		1/2% Local Government Option Sales Tax (40)	8,909	8,384	8,808	8,250	7,634	6,892
18.0		1/2% Local Government Option Sales Tax (42)	6,733	7,435	8,737	8,188	7,574	6,846
18.5		1/2% Local Government Option Sales Tax (44)		1,088	4,913	6,591	6,357	5,987
19.0		Privilege Licenses	30	75		130	130	160
19.2		Privilege -- All other privileges and pemits			120
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	120	136		131	1,209	1,331
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
30.0		Public Safety
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other	27,867
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	18,897	19,198	19,727	16,631	16,226	14,951
45.0		Beer and Wine Tax	2,455	776	2,394	2,395	2,300	2,200
46.0		Powell Bill	14,720	14,419	16,096	17,740	15,700	15,791
50.0		Court Fees - Facilities and Arrest Fees	130	20	30	160	100	405
51.0		General Government
52.0		Public Safety
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other
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
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection			248
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		30,882			2,702
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	7,739	7,739	8,384	9,239	9,169	6,215
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	49,524	40,479	40,203	35,272	34,320	34,077
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues	2,300	2,450	3,400	3,835	4,350	3,125
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues	1,253		145
84.0		Mass Transit - City Operated
85.0		Other Sales and Services		7,156	11,332	1,763	1,564	707
86.0	UTILITY	Water and Sewer Charges	301,884	274,434	277,530	257,914	238,911	233,636
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	97	227	645	571	615	627
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets						10,029
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	1,786	2,150	2,872	2,534	1,766	1,612
98.0		Other Miscellaneous Revenues	23,108
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases						28,967
101.0		Other
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits	-1,800	-820	-65	-1,955	-1,995	-775
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	1,830	1,830	1,830	1,830	1,700	1,700
109B	GENERAL	Governing Body - Other Direct
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	26,923	28,171	23,441	19,533	21,455	16,772
110B		Administration - Other Direct	59,487	35,310	42,279	40,053	38,870	44,610
110C		Administration - Construction
110D		Administration - Purchase of P,P&E		503	11,116	658	285	665
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	2,310	2,560	2,205	2,098	1,732	1,524
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct	544	194	125	2,465	350	150
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct	2,613	2,370	2,649	7,965	4,948	3,236
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	55,265	45,799	45,933	47,109	35,819	40,346
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	11,436	8,085	6,797	8,878	6,942	4,439
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E				4,467
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
122B		Fire - Other Direct	17,803	16,663	10,599	12,082	9,719	10,999
122C		Fire - Construction
122D		Fire - Purchase of P,P&E
123A		Inspectors - Salaries & Wages
123B		Inspectors - Other Direct
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages
124B		Rescue Units - Other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E
125A		Animal Control - Salaries & Wages
125B		Animal Control - Other Direct
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E
126A		Pub. Safety All Other - Salaries & Wages
126B		Pub. Safety All Other - Other Direct
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages
128B		Streets and Highways - Other Direct	24,128	18,773	18,978	15,999	17,558	22,183
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct	8,948	11,042	3,198	8,365	18,363	17,528
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E						10,000
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	28,476	31,604	31,797		27,012
136B	MENTAL	Solid Waste - Other Direct	43,591	44,181	34,930	65,139	31,984	59,708
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
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
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	4,308	14,119	333	913	4,164	225
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E		19,188
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	61,689	61,367	56,765	50,698	45,714	49,662
158B		Water & Sewer - Other Direct	237,628	202,654	202,175	177,823	184,124	155,227
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E
159A		Electric Power - Salaries & Wages
159B		Electric Power - Other Direct
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E
160A		Natural Gas - Salaries & Wages
160B		Natural Gas - Other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Purchase of P,P&E
161.1A		Storm Water - Salaries & Wages
161.1B		Storm Water - Other Direct
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees	10,022	9,985	12,094	11,268	11,575	11,875
161D	SERVICE	Water & Sewer - Principal	11,263	7,000	9,301	7,000	6,000	6,000
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees	203	1,002	1,172	1,102	764	698
166D		All Other - Principal	3,263	2,472	3,474	6,234	9,545	8,319
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	1,587	1,121	1,363	1,389	975	1,418
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	100,859.	101,933.00	98,395.00	89,363.00	75,168.00	67,884.00
180.0		Current year's levy -- Motor vehicles (only)	11,017.	11,283.00	14,317.00	14,575.00	12,865.00	10,370.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	133.	0.00	110.00	596.00	318.00	1,178.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	1,110	1,202	1,814	1,889	1,704	278
183.0	DATA	Percentage of Taxes Collected - All Property %	98.89	98.94	98.29	97.61	97.70	98.14
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	99.87	100.00	99.89	99.33	99.58	98.26
185.0		Percentage of Taxes Collected - Motor Vehicles %	89.92	89.35	87.33	87.04	86.75	97.32
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	166,254	181,109	177,463	173,777	179,767	211,543
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	601,283	552,000	532,805	487,211	452,214	465,492
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues	601,283	552,000	532,805	487,211	452,214	465,492
		Calculated amount	601,283	552,000	532,805	487,211	452,214	465,492
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	613,317	565,993	522,554	493,068	479,598	467,284
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures	613,317	565,993	522,554	493,068	479,598	467,284
		Calculated amount	613,317	565,993	522,554	493,068	479,598	467,284
		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
402A	Sewer	Amount processed and/or purchased in units Water	25	24	21
402B	Operations	Amount processed and/or purchased in units Sewer	19	16	19
403A		Total amount billed in units - Water	25	24	21	17,360,834
403B		Total amount billed in units - Sewer	18	16	19	15,554,909
404A		Of the total in 403A above how many units were Residential W	22	22	13	10,947,164
404B		Of the total in 403B above how many units were Residential S
405A		Of the total in 403 above, how many units were Outside Muni W
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
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	91,362	87,893	92,919	82,926	74,394
408A		Dollars related to 403A above	136,901	145,090	169,599	141,718	119,104
408B		Dollars related to 403B above	72,620	70,564	71,808	65,266	60,702
409A		Dollars related to 404A above	105,648	96,746	107,710	93,944	88,359
409B		Dollars related to 404B above					21,288
410A		Dollars related to 405A above					34,527
410B		Dollars related to 405B above					17,029
411A		Dollars related to 406A above					20,548
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	268	269	279	283
421A		Number of residential accounts billed - Water	251	248	254	256
421B		Number of residential accounts billed - Sewer	24	24	26	25
422A		Number of non-residential & bulk accounts billed - Water	21	21	24	22
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Eugene C Hinton
951.0		Title	Mayor
952.0		Date	12/29/2011	01/08/2011	01/05/2010	04/17/2009	01/02/2008	01/24/2007
953.0		Contact	Betsy Nicholson
954.0		Title	Town Clerk
955.0		Phone	919-284-2572
956.0		Fax	919-284-5966
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	444	557	544	533	520	509
Population Group	No Electric 499 and Below	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
Total Operating Revenues	$0	274,434	277,530	257,914	238,911	233,636
Total Operating Revenues Per Capita	$0	493	510	484	459	459
Group Weighted Average Revenues Per Capita	42	275	277	274	258	215
State Weighted Average Revenues Per Capita	20	273	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	111.64%	108.51%	104.11%	112.25%	104.91%
Group Weighted Average	131.88%	108.37%	108.99%	108.37%	108.05%	109.50%
State Weighted Average	92.57%	83.23%	87.16%	84.09%	80.04%	79.35%

Operating Margin	0.00%	-11.64%	-8.51%	-4.11%	-12.25%	-4.91%
Group Weighted Average	-31.88%	-8.37%	-8.99%	-8.37%	-8.05%	-9.50%
State Weighted Average	7.43%	16.77%	12.84%	15.91%	19.96%	20.65%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	29.55%	1.06%	5.05%	4.83%	8.65%	8.02%
State Weighted Average	11.39%	1.58%	1.20%	1.31%	1.10%	1.56%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	2.70%	0.62%	0.69%	0.94%	4.11%	5.64%
State Weighted Average	17.30%	1.55%	2.65%	3.15%	1.85%	2.84%

Net Income before capital contributions	0.00%	-15.21%	-12.69%	-8.28%	-17.21%	-9.80%
Group Weighted Average	349.93%	28.10%	44.73%	20.28%	46.94%	46.03%
State Weighted Average	212.96%	15.81%	-9.94%	18.14%	25.59%	24.27%

Key Ratios and Cash Flow

Quick Ratio	N/A	3.49	4.35	4.34	3.78	3.97
Group Weighted Average	3.92	3.46	3.30	2.93	2.76	3.51
State Weighted Average	3.94	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	28.6	35.8	35.0	34.3	35.4
Group Weighted Average	5.9	62.5	55.9	47.5	49.0	47.0
State Weighted Average	13.0	57.9	58.5	56.6	61.6	59.8

Days Cash on Hand	0.0	111.5	115.2	142.2	130.0	162.5
Group Weighted Average	-55.2	602.4	648.8	600.1	591.3	635.4
State Weighted Average	-80.4	613.4	559.6	588.2	645.7	570.9

Cash flow from Operations	$0	19,245	14,970	28,278	13,548	33,779

Debt to Equity	0.00	0.22	0.22	0.22	0.22	0.21
Group Weighted Average	0.09	0.12	0.12	0.13	0.14	0.15
State Weighted Average	0.31	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	374	402	428	457	456
Group Weighted Average	52	273	283	311	316	288
State Weighted Average	34	897	784	781	761	733

Capital Expenditures:	2011	2010	2009	2008	2007	2006
	$0	0	0	0	0	0

	2005	2004	2003	2002
	$9,259	0	2,861	0

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


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	25	24	21	0	0	NA
Number of Gallons of Sewage Processed (000) omitted	19	16	19	0	0	NA

Number of Gallons of Water Billed (000) omitted	25	24	21	17,360,834	0	NA
Number of Gallons of Sewage Billed (000) omitted	18	16	19	15,554,909	0	NA

Ratio of Water Billed to Water Processed	0.99961	1.00000	1.00000			NA
Ratio of Sewage Billed to Sewage Processed	0.99676	1.00000	1.00000			NA

Total Revenue from Water Sales	91,362	87,893	92,919	82,926	74,394	NA
Total Revenue from Sewage Sales	136,901	145,090	169,599	141,718	119,104	NA

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

Group Average Sales per thousand Gallons Water	$0.00008	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
Group Average Sales per thousand Gallons Sewage	$0.00012	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

State Average Sales per thousand Gallons Water	$0.00342	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00223	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons	$3,243.41224	3,207.45455	5,523.69231	0.00596		NA
Residential Sewage Sales per thousand Gallons	$6,026.69709	6,449.73333	9,791.81818	0.00977		NA

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

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

Financial Graphs and Comparisons

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

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	36.69%	27.31%	32.97%	23.21%	0.00%
Group average FBA %	100.61%	88.65%	103.21%	100.58%	152.90%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	38.21%
State average FBA %	36.54%	36.35%	100.61%	37.47%	38.21%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 97.70% 97.61% 98.29% 98.94% 98.89%

Pop. Group 96.02% 96.16% 95.59% 95.20% 97.39%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 500 to 999

	2007	2008	2009	2010	2011
Municipality	97.70%	97.61%	98.29%	98.94%	98.89%
Pop. Group	96.02%	96.16%	95.59%	95.20%	97.39%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 435 411 390 368 0

Pop. Group 212 215 200 193 #N/A

Statewide 478 456 455 449 #N/A

Municipal Population Group: 500 to 999

	2007	2008	2009	2010	2011
Municipality	435	411	390	368	0
Pop. Group	212	215	200	193	#N/A
Statewide	478	456	455	449	#N/A

Municipal Population Group: 500 to 999

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2007 2008 2009 2010 2011

Property Tax $169 192 207 208 252

Utility 462 487 531 506 680

Sales Tax 69 69 67 63 83

Sales & Services 92 91 96 91 137

Intergovernmental 66 69 71 62 144

Debt Proceeds 0 0 0 0 52

Other Miscellaneous 12 6 7 60 5

Total $870 914 979 990 1,353

	2007	2008	2009	2010	2011
Property Tax	$169	192	207	208	252
Utility	462	487	531	506	680
Sales Tax	69	69	67	63	83
Sales & Services	92	91	96	91	137
Intergovernmental	66	69	71	62	144
Debt Proceeds	0	0	0	0	52
Other Miscellaneous	12	6	7	60	5
Total	$870	914	979	990	1,353

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2011
2011

Category Revenue
Per Capita

Property Tax $111,808
$252

Water/Sewer 0
0

Electric 301,884
680

Other Utilities 0
0

Sales Tax 37,105
83

Sales & Services 60,816
137

Intergovernment 64,069
144

Debt Proceeds 23,108
52

Miscellaneous 2,033
5

Total $600,823
$1,353

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

General Government $93,707
$211

Water/Sewer 0
0

Electric 299,317
674

Other Utilities 0
0

Debt Service 24,751
56

Transportation 33,076
74

Public Safety 86,091
194

Other 76,375
172

Total $613,317
$1,381

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $174,183
$392

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 0
0

Other Operating 439,134
989

Total $613,317
$1,381

Municipal Population Group: No Electric 500 to 999

Last Updated 1/31/2012 4:20:10 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$111,808	$252
Water/Sewer	0	0
Electric	301,884	680
Other Utilities	0	0
Sales Tax	37,105	83
Sales & Services	60,816	137
Intergovernment	64,069	144
Debt Proceeds	23,108	52
Miscellaneous	2,033	5
Total	$600,823	$1,353

Municipal Population Group: No Electric 500 to 999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Micro

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Micro