North Carolina
Department of State Treasurer
Financial Information
Town of Middlesex

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			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$256,730	280,923	250,243	261,263	248,890	268,423
		Utility	414,354	400,875	355,330	401,533	396,657	438,207
		Sales Tax	138,198	139,684	146,581	162,856	156,327	145,333
		Sales & Services	109,393	107,418	94,296	96,769	77,312	76,070
		Intergovernmental	60,426	96,565	62,832	70,880	89,135	58,164
		Debt Proceeds	15,046	1,612	80,944	184	783	1,700
		Other Miscellaneous	31,660	181,987	72,813	90,030	97,377	56,980
		Total	$1,025,807	1,209,064	1,063,039	1,083,515	1,066,481	1,044,877

	Expenditures by Function
		Utility	$618,391	426,744	296,392	714,667	355,712	287,581
		Debt Service	151,421	208,368	233,705	127,187	127,482	127,713
		Transportation	175,970	65,370	69,207	108,187	75,242	78,151
		General Government	220,167	379,493	133,679	145,760	123,191	122,585
		Public Safety	261,394	259,991	250,508	290,990	307,379	250,706
		Other	88,629	154,216	204,822	243,637	92,009	79,640
		Total	$1,515,972	1,494,182	1,188,313	1,630,428	1,081,015	946,376

	Expenditures by Object
		Salaries & Wages	$437,104	472,240	464,996	498,100	493,857	432,556
		Capital Outlay	385,332	447,277	118,460	485,367	107,561	24,150
		Other Operating + Debt Service	693,536	574,665	604,857	646,961	479,597	489,670
		Total	$1,515,972	1,494,182	1,188,313	1,630,428	1,081,015	946,376


	Per Capita Revenues by Source
		Property Tax	$311	316	285	299	294	317
		Utility	502	450	404	459	468	518
		Sales Tax	168	156	167	185	185	172
		Sales & Services	133	121	107	111	91	90
		Intergovernmental	73	109	71	81	105	69
		Debt Proceeds	18	2	92	-	1	2
		Other Miscellaneous	38	204	83	103	115	67
		Total	$1,243	1,358	1,209	1,238	1,259	1,235

	Per Capita Expenditures by Function
		Utility	$750	479	337	817	420	340
		Debt Service	184	234	266	145	151	151
		Transportation	213	73	79	124	89	92
		General Government	267	428	152	166	144	146
		Public Safety	317	292	285	333	363	296
		Other	107	173	233	278	109	94
		Total	$1,838	1,679	1,352	1,863	1,276	1,119

	Per Capita Expenditures by Object
		Salaries & Wages	$530	531	529	569	583	511
		Capital Outlay	467	503	135	555	127	29
		Other Operating	841	645	688	739	566	579
		Total	$1,838	1,679	1,352	1,863	1,276	1,119

	Population Group		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	No Electric 500 to 999
		Number of Municipalites in Group	88	99	94	96	96	95
		Average Population In Group	714	727	726	729	726	727
		Town of Middlesex Population	825	890	879	875	847	846
	Group Average Per Capita Revenues by Source
		Property Tax	393	411	400	400	335	298
		Utility	445	425	444	423	366	312
		Sales Tax	129	135	165	190	167	155
		Sales & Services	81	67	58	55	51	47
		Intergovernmental	272	320	399	298	361	357
		Debt Proceeds	88	35	90	96	29	45
		Other Miscellaneous	193	146	180	178	232	165
		Total	1,601	1,539	1,736	1,640	1,541	1,379

	Group Average Per Capita Expenditures by Function
		Utility	563	441	428	437	404	484
		Debt Service	118	105	110	97	83	71
		Transportation	114	135	122	148	153	117
		General Government	246	258	309	321	313	224
		Public Safety	308	283	301	294	250	241
		Other	205	279	382	291	279	292
		Total	1,554	1,501	1,652	1,588	1,482	1,429

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	426	425	419	406	352	309
		Capital Outlay	320	241	302	298	334	370
		Other Operating	808	835	931	884	796	750
		Total	1,554	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		$592,338	648,521	606,273	654,779	644,105	589,051
	General Fund expenditures		774,966	763,655	658,216	788,574	597,821	531,082
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		-	27,378	100,000	-	-	-
	Capital leases and installment purchase proceeds		-	-	80,000	-	-	-
	Other items		7,877	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(174,751)	(142,512)	(71,943)	(133,795)	46,284	57,969

	Fund balance available (FBA):
		In dollars	$0	1,031,960	1,176,659	1,243,867	1,380,795	1,338,404
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	130.46	173.49	157.74	230.97	252.01
		Group weighted average FBA %	125.41	100.58	103.21	88.65	100.61	101.57
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$277,072	331,370	427,786	477,387	566,693	545,573
		Quick ratio	2.97	3.38	4.13	4.95	5.76	5.68
		Net income	214,434	2,286	(18,117)	236,939	18,772	114
		Cashflow from operations	127,525	94,302	89,973	72,119	103,648	179,254
		Depreciation & Amortization Expense	148,824	151,466	162,722	158,493	150,071	149,054



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

		Population at July 1st of the Previous Year	825	890	879	875	847	846
		Population Group	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	No Electric 500 to 999
		Cash &Investments	$1,032,048	$1,458,154	$1,730,978	$1,813,451	$2,031,152	$1,964,260
		Investment Earnings	21,619	30,028	63,912	88,069	81,946	42,798
		Tax Rate Equivalent	0.0449	0.0584	0.1383	0.1877	0.1788	0.0944
		Tax Rate Equivalent Group weighted average	0.0034	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	2009	2009	2001	2001	2001	2001
		January 1, Prior Year Assessed Valuation	$48,183,457	51,407,829	46,227,819	46,931,401	45,819,267	45,329,828
		Tax Rate	0.5500	0.5500	0.5500	0.5500	0.5500	0.5500
		Tax Rate Group weighted average	0.2132	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	96.74	98.57	81.92	82.78	88.10	91.08
		Assessment -to-Sales Ratio Group weighted average	96.17	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	$49,807,171	52,153,626	56,430,443	56,694,130	52,008,249	49,769,245
		EffectiveTax Rate	0.5321	0.5421	0.4506	0.4553	0.4846	0.5009
		Group weighted average Effective Tax Rate	0.2050	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	93.5700	95.9900	95.8200	97.0900	95.6900	96.2600
		Percent Collected Group weighted average	96.25	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	94.75	97.50	97.20	98.65	98.07	98.58
		Percent Collected Excluding Motor Vehicles Group weighted average	96.64	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	83.67	83.11	86.71	87.47	78.24	84.15
		Percent Collected Motor Vehicles Only Group weighted average	84.30	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	40,724	35,792	39,259	38,898	33,723	44,759
		Tax Rate Equivalent	0.0845	0.0696	0.0849	0.0829	0.0736	0.0987
		Dominant County: Nash
	Debt Information
		Population Group	500 to 999	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	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	178	193	200	215	212	223
		Total Per Capita Statewide	450	449	455	456	478	495
		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	0.0954%	0.0895%	0.0813%	0.0884%	0.1085%	0.1673%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$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	$696,937	784,642	899,444	985,746	1,069,825	1,151,744


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		825	890	879	875	847	846

1.5A	FISCAL	Governmental Activities Assets	1,500,970	1,780,388	1,641,119	1,635,959	1,706,923	1,644,546
1.5B	SUMMARY	Governmental Activities Liabilities	24,283	189,240	98,015	19,814	10,825	14,911
3.5A		Business Type Activities Assets	4,668,232	4,549,770	4,670,963	4,869,718	4,720,625	4,786,411
3.5B		Business Type Activities Liabilties	840,026	935,998	1,059,477	1,240,115	1,327,961	1,412,519
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	248,625	270,001	241,527	250,277	235,752	249,268
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	6,337	7,566	6,676	6,917	8,372	13,585
13.0		Penalties and Interest	1,768	3,356	2,040	4,069	4,766	5,570
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax					30	24
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax	69,099	69,842	73,291	81,428	78,163	72,667
17.0		1/2% Local Government Option Sales Tax (40)	34,549	34,921	36,645	40,714	39,082	36,333
18.0		1/2% Local Government Option Sales Tax (42)	34,550	34,921	36,645	40,714	39,082	36,333
18.5		1/2% Local Government Option Sales Tax (44)
19.0		Privilege Licenses	2,164	1,959	2,036	1,948	2,073	2,090
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses				13	828	568
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						739
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax			54
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	28,922	30,457	28,922	28,009	25,901	24,033
45.0		Beer and Wine Tax	3,923	1,254	3,930	3,902	3,823	3,732
46.0		Powell Bill	26,698	25,842	29,158	31,992	28,721	29,310
50.0		Court Fees - Facilities and Arrest Fees	288	268	205	400	330	350
51.0		General Government
52.0		Public Safety			300	6,577	30,360
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection	595	609	263
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		13,135
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		25,000
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			6,865		12,500	11,500
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits	735	1,005	1,113	2,440	1,030	816
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	6,630	7,520	8,997	6,530	6,870	7,184
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	72,678	68,743	62,536	63,699	61,912	61,140
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries	15,850	16,650	8,150	11,100	7,500	6,900
81.0		Recreation Service Revenues
82.0		Library Service Revenues	13,500	13,500	13,500	13,000		30
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services
86.0	UTILITY	Water and Sewer Charges	414,354	400,875	355,330	401,533	396,657	438,207
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	21,619	30,028	63,912	88,069	81,946	42,798
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets	7,877
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
98.0		Other Miscellaneous Revenues	15,046	1,612	944	184	783	1,700
99.0		Proceeds of Sale of Bonds and Notes			80,000
100.0		Proceeds of Capital Leases/Install Purchases		150,000
101.0		Other	260,901	43,625		337,698	83,784	5,947
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	1,902	6,780	1,340	-486	6,067	3,334
106.0		Deposits Other than Utility
107.0		Prepaid Taxes	-142	53		375
108.0		Prepaid Privilege Licenses			-286
109A	PART 4	Governing Body - Salaries & Wages	4,133	4,009	4,133	4,133	4,133
109B	GENERAL	Governing Body - Other Direct	4,771	352	150		596	3,965
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E				952
110A		Administration - Salaries & Wages	59,313	53,161	51,945	46,025	46,626	54,303
110B		Administration - Other Direct	48,314	45,769	51,001	51,801	45,118	47,006
110C		Administration - Construction
110D		Administration - Purchase of P,P&E	6,694	3,068		9,651
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	1,275	1,138	2,236	1,295	1,605	1,217
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct	1,938	465	3,741	9,794	1,330	1,027
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages	6,609	7,045	6,426	7,142	6,375	6,314
115B		Public Buildings - Other Direct	33,291	5,241	5,498	5,071	5,648	5,119
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	2,855	8,163	6,534	4,868	7,422
118B		Gen. Govt. All Other - Other Direct	974	1,082	2,015	5,028	4,338	3,634
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E	50,000	250,000
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	186,312	195,999	187,573	208,750	204,902	190,728
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	45,263	34,932	37,168	48,633	34,850	34,526
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	2,479			6,510	41,249
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	21,039	22,489	19,503	19,677	19,000	18,800
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	32,327	37,050	38,825	34,756	33,871	27,769
128B		Streets and Highways - Other Direct	140,643	28,320	30,382	31,296	35,671	28,040
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E	3,000			42,135	5,700
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						22,342
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E
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	24,039	37,049	38,825	34,756	33,771	28,026
136B	MENTAL	Solid Waste - Other Direct	31,381	25,253	22,378	130,528	24,304	20,285
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E		51,956	24,500
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	1,280	761	1,000	1,002	596	11,349
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E	3,000			37,474
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	7,356	3,938	2,009	1,491
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E		13,658	90,360	5,378
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	11,453	11,406	11,047	10,915	11,796	8,414
156B		Libraries - Other Direct	7,782	8,774	6,981	7,445	13,674	6,932
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct	2,338	1,421	7,722	14,648	7,868	4,634
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	110,063	118,358	119,688	146,755	144,961	117,002
158B		Water & Sewer - Other Direct	188,169	179,791	173,104	184,645	150,139	146,429
158C		Water & Sewer - Construction	320,159	125,527
158D		Water & Sewer - Purchase of P,P&E		3,068	3,600	383,267	60,612	24,150
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	27,247	30,783	38,208	40,546	43,105	44,368
161D	SERVICE	Water & Sewer - Principal	95,368	123,000	195,497	86,641	84,377	83,345
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	1,067	2,324
166D		All Other - Principal	27,739	52,261
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	6,301	6,571	6,264	7,420	7,378	6,652
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	237,443.	251,770.00	218,935.00	221,881.00	216,815.00	217,287.00
180.0		Current year's levy -- Motor vehicles (only)	28,260.	29,503.00	33,126.00	35,895.00	29,544.00	41,673.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	12,464.	6,289.00	6,133.00	3,003.00	4,179.00	3,086.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	4,614	4,983	4,401	4,496	6,428	6,606
183.0	DATA	Percentage of Taxes Collected - All Property %	93.57	95.99	95.82	97.09	95.69	96.26
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	94.75	97.50	97.20	98.65	98.07	98.58
185.0		Percentage of Taxes Collected - Motor Vehicles %	83.67	83.11	86.71	87.47	78.24	84.15
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	1,032,048	1,458,154	1,730,978	1,813,451	2,031,152	1,964,260
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	1,286,708	1,280,067	1,163,039	1,421,213	1,150,265	1,050,824
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In		27,378	100,000
194D		Amount - Net Revenues	1,286,708	1,252,689	1,063,039	1,421,213	1,150,265	1,050,824
		Calculated amount	1,286,708	1,252,689	1,063,039	1,421,213	1,150,265	1,050,824
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	1,515,972	1,521,560	1,288,313	1,630,428	1,081,015	946,376
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out		27,378	100,000
195D		Amount - Net Expenditures	1,515,972	1,494,182	1,188,313	1,630,428	1,081,015	946,376
		Calculated amount	1,515,972	1,494,182	1,188,313	1,630,428	1,081,015	946,376
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					580
401B	Water /	Number of residential accounts billed Sewer					844
402A	Sewer	Amount processed and/or purchased in units Water	26	27,797,670	18	21,540
402B	Operations	Amount processed and/or purchased in units Sewer	34	33,120,905	17	20,296
403A		Total amount billed in units - Water	17	19,600	18	21,540	22,209
403B		Total amount billed in units - Sewer	16	16,900	17	20,296	21,030
404A		Of the total in 403A above how many units were Residential W		14,100	15	15,252	19,850
404B		Of the total in 403B above how many units were Residential S					1,779
405A		Of the total in 403 above, how many units were Outside Muni W					2,440
405B		Of the total in 403 above, how many units were Outside Muni S					580
406A		Of the total in 405A above how many units were Residential W					1,450
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	116,646	116,457	86,040	99,576	89,378
408A		Dollars related to 403A above	282,190	265,585	258,141	300,573	285,517
408B		Dollars related to 403B above	96,912	96,700	73,135	72,120	75,100
409A		Dollars related to 404A above	232,476	228,760	214,257	217,305	242,700
409B		Dollars related to 404B above					11,450
410A		Dollars related to 405A above					33,127
410B		Dollars related to 405B above					2,828
411A		Dollars related to 406A above					9,690
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	420	409	418	380
421A		Number of residential accounts billed - Water	398	388	389	361
421B		Number of residential accounts billed - Sewer	56	55	44	48
422A		Number of non-residential & bulk accounts billed - Water	52	50	50	45
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	Luther H. Lewis
951.0		Title	Mayor
952.0		Date	11/30/2011	10/21/2010	11/04/2009	09/15/2008	08/31/2007	10/30/2006
953.0		Contact	Jennifer lambert
954.0		Title	Finance Officer
955.0		Phone	252-235-5761
956.0		Fax	252-235-5762
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	825	890	879	875	847	846
Population Group	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	No Electric 500 to 999
Total Operating Revenues	$0	400,875	355,330	401,533	396,657	438,207
Total Operating Revenues Per Capita	$0	450	404	459	468	518
Group Weighted Average Revenues Per Capita	24	275	277	274	258	215
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	112.03%	128.88%	121.87%	112.11%	95.32%
Group Weighted Average	109.63%	108.37%	108.99%	108.37%	108.05%	109.50%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	-12.03%	-28.88%	-21.87%	-12.11%	4.68%
Group Weighted Average	-9.63%	-8.37%	-8.99%	-8.37%	-8.05%	-9.50%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	6.83%	28.14%	0.00%	0.00%	0.00%
Group Weighted Average	9.10%	1.06%	5.05%	4.83%	8.65%	8.02%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	8.76%	0.62%	0.69%	0.94%	4.11%	5.64%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	-10.31%	-5.10%	-25.09%	-16.39%	-1.33%
Group Weighted Average	285.37%	28.10%	44.73%	20.28%	46.94%	46.03%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	2.97	3.38	4.13	4.95	5.76	5.68
Group Weighted Average	3.85	3.46	3.30	2.93	2.76	3.51
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	34.3	30.1	34.3	37.8	34.4
Group Weighted Average	3.7	62.5	55.9	47.5	49.0	47.0
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	525.2	662.2	619.6	801.5	845.0
Group Weighted Average	-35.5	602.4	648.8	600.1	591.3	635.4
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$127,525	94,302	89,973	72,119	103,648	179,254

Debt to Equity	0.00	0.25	0.28	0.33	0.38	0.41
Group Weighted Average	0.02	0.12	0.12	0.13	0.14	0.15
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	995	1,147	1,376	1,524	1,625
Group Weighted Average	5	273	283	311	316	288
State Weighted Average	8	897	783	781	761	733

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

	2005	2004	2003	2002
	$0	562,747	49,460	32,507

Capital Contributions: Excluded from income above	$260,901	43,625	0	337,698	83,784	5,947


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	844	NA
Estimated population of the areas served Sewer	0	0	0	0	844	NA

Number of Gallons of Water Processed (000) omitted	26	27,797,670	18	21,540	0	NA
Number of Gallons of Sewage Processed (000) omitted	34	33,120,905	17	20,296	0	NA

Number of Gallons of Water Billed (000) omitted	17	19,600	18	21,540	22,209	NA
Number of Gallons of Sewage Billed (000) omitted	16	16,900	17	20,296	21,030	NA

Ratio of Water Billed to Water Processed	0.67506	0.00071	1.00000	1.00000		NA
Ratio of Sewage Billed to Sewage Processed	0.47217	0.00051	1.00000	1.00000		NA

Total Revenue from Water Sales	116,646	116,457	86,040	99,576	89,378	NA
Total Revenue from Sewage Sales	282,190	265,585	258,141	300,573	285,517	NA

Water Revenue per 1000 gallons of Sales					105.89810	NA
Sewage Revenue per 1000 gallons of Sales					338.29028	NA

Group Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
Group Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

State Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons	$9,691,200.00000	6.85816	4,875.66667	4.72856	3.78338	NA
Residential Sewage Sales per thousand Gallons	$23,247,600.00000	18.75082	15,304.07143	14.98655	14.15986	NA

Water Sales per thousand Gallons outside Municipal Limits					6.43620	NA
Sewage Sales per thousand Gallons outside Municipal Limits					13.57664	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 %	230.97%	157.74%	173.49%	130.46%	0.00%
Group average FBA %	100.61%	88.65%	103.21%	100.58%	125.41%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	100.61%	37.47%	29.01%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 95.69% 97.09% 95.82% 95.99% 93.57%

Pop. Group 96.02% 96.16% 95.59% 95.20% 96.25%

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	95.69%	97.09%	95.82%	95.99%	93.57%
Pop. Group	96.02%	96.16%	95.59%	95.20%	96.25%
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 0 0 0 0 0

Pop. Group 212 215 200 193 178

Statewide 478 456 455 449 450

Municipal Population Group: 500 to 999

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	212	215	200	193	178
Statewide	478	456	455	449	450

Municipal Population Group: 500 to 999

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2007 2008 2009 2010 2011

Property Tax $294 299 285 316 311

Utility 468 459 404 450 502

Sales Tax 185 185 167 156 168

Sales & Services 91 111 107 121 133

Intergovernmental 105 81 71 109 73

Debt Proceeds 1 0 92 2 18

Other Miscellaneous 115 103 83 204 38

Total $1,259 1,238 1,209 1,358 1,243

	2007	2008	2009	2010	2011
Property Tax	$294	299	285	316	311
Utility	468	459	404	450	502
Sales Tax	185	185	167	156	168
Sales & Services	91	111	107	121	133
Intergovernmental	105	81	71	109	73
Debt Proceeds	1	0	92	2	18
Other Miscellaneous	115	103	83	204	38
Total	$1,259	1,238	1,209	1,358	1,243

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2011
2011

Category Revenue
Per Capita

Property Tax $256,730
$311

Water/Sewer 0
0

Electric 414,354
502

Other Utilities 0
0

Sales Tax 138,198
168

Sales & Services 109,393
133

Intergovernment 60,426
73

Debt Proceeds 15,046
18

Miscellaneous 31,660
38

Total $1,025,807
$1,243

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

General Government $220,167
$267

Water/Sewer 2,338
3

Electric 618,391
750

Other Utilities -2,338
-3

Debt Service 151,421
184

Transportation 175,970
213

Public Safety 261,394
317

Other 88,629
107

Total $1,515,972
$1,838

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $437,104
$530

Water/Sewer Capital 0
0

Electric Capital 320,159
388

Other Capital 65,173
79

Other Operating 693,536
841

Total $1,515,972
$1,838

Municipal Population Group: No Electric 500 to 999

Last Updated 2/7/2012 2:31:53 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$256,730	$311
Water/Sewer	0	0
Electric	414,354	502
Other Utilities	0	0
Sales Tax	138,198	168
Sales & Services	109,393	133
Intergovernment	60,426	73
Debt Proceeds	15,046	18
Miscellaneous	31,660	38
Total	$1,025,807	$1,243

Municipal Population Group: No Electric 500 to 999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Middlesex

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Middlesex