North Carolina
Department of State Treasurer
Financial Information
Town of Mount Olive



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

Go to North Carolina County and Municipal Financial Information Home Page
Go to Wayne County Map Page



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		201120102009200820072006

Revenues by Source







Property Tax$7,592,259 1,274,529 1,264,434 1,221,085 1,199,262 1,172,949


Utility 43,147,182 2,307,336 1,992,943 1,749,822 1,596,303 1,837,522


Sales Tax 2,745,436 534,300 518,434 573,213 587,352 585,103


Sales & Services 1,891,992 583,671 604,305 727,102 568,046 547,045


Intergovernmental 3,451,336 1,056,103 1,111,683 3,997,613 4,340,749 849,393


Debt Proceeds 74,362 103,750 42,392 - - -


Other Miscellaneous 952,114 118,498 165,459 1,130,944 174,873 230,063


Total$59,854,681 5,978,187 5,699,650 9,399,779 8,466,585 5,222,075










Expenditures by Function







Utility$43,255,973 1,598,156 2,057,121 1,649,846 1,553,729 1,251,866


Debt Service 3,273,559 1,071,833 489,867 635,282 439,401 534,544


Transportation 1,327,048 783,330 374,501 183,719 184,023 413,783


General Government 823,702 988,593 1,491,219 954,067 983,114 1,039,192


Public Safety 7,221,357 1,182,759 1,223,847 1,939,504 1,141,745 1,097,237


Other 7,317,228 737,203 831,419 3,948,171 7,758,475 739,686


Total$63,218,867 6,361,874 6,467,974 9,310,589 12,060,487 5,076,308










Expenditures by Object







Salaries & Wages$15,800,841 2,265,697 2,117,302 1,920,001 1,907,807 1,931,339


Capital Outlay 3,042,387 737,682 472,577 3,798,981 6,529,773 -


Other Operating + Debt Service 44,375,639 3,358,495 3,878,095 3,591,607 3,622,907 3,144,969


Total$63,218,867 6,361,874 6,467,974 9,310,589 12,060,487 5,076,308



















Per Capita Revenues by Source







Property Tax$1,651 274 276 266 261 254


Utility 9,382 495 435 381 347 399


Sales Tax 598 115 114 124 128 127


Sales & Services 411 125 132 159 124 119


Intergovernmental 750 227 243 872 945 184


Debt Proceeds 16 22 9 - - -


Other Miscellaneous 207 25 36 247 38 50


Total$13,015 1,283 1,245 2,049 1,843 1,133










Per Capita Expenditures by Function







Utility$9,406 343 449 360 338 272


Debt Service 712 230 107 138 96 116


Transportation 289 168 82 40 40 90


General Government 178 213 326 208 213 225


Public Safety 1,570 254 267 423 249 238


Other 1,591 158 182 861 1,689 160


Total$13,746 1,366 1,413 2,030 2,625 1,101










Per Capita Expenditures by Object







Salaries & Wages$3,436 486 462 419 415 419


Capital Outlay 662 158 103 828 1,421 -


Other Operating 9,648 722 848 783 789 682


Total$13,746 1,366 1,413 2,030 2,625 1,101










Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Number of Municipalites in Group 119 122 120 120 124 123


Average Population In Group 4,793 4,664 4,697 4,793 4,727 4,663


Town of Mount Olive Population 4,599 4,659 4,578 4,587 4,594 4,610

Group Average Per Capita Revenues by Source







Property Tax 352 342346336310306


Utility 539 323315313317332


Sales Tax 125 125144160159152


Sales & Services 144 8582787671


Intergovernmental 251 198179175172159


Debt Proceeds 107 531521112428


Other Miscellaneous 144 120157179229189


Total 1,662 1,2461,3751,3521,2871,237










Group Average Per Capita Expenditures by Function







Utility 423 419414370332305


Debt Service 79 1031001029698


Transportation 89 9595110111112


General Government 167 179185169159156


Public Safety 303 323318318310280


Other 240 220219230235209


Total 1,301 1,3391,3311,2991,2431,160










Group Average Per Capita Expenditures by Object







Salaries & Wages 450 431429414405390


Capital Outlay 226 325317279252205


Other Operating 624 583585606584564


Total 1,300 1,3391,3311,2991,2411,159


















General Fund
Go to top of page		201120102009200820072006

General Fund revenues$0 2,984,819 3,204,755 3,491,136 2,843,862 2,704,355

General Fund expenditures - 3,158,017 3,760,694 3,049,387 2,840,792 2,830,768

Operating transfers in - 33,850 - - - -

Operating transfers out - 30,000 30,000 30,000 23,000 23,000

Capital leases and installment purchase proceeds - 39,060 57,794 34,000 - 114,493

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses - (130,288) (528,145) 445,749 (19,930) (34,920)










Fund balance available (FBA):







In dollars$0 (34,528) 142,991 449,980 194,572 69,845


FBA as a % of GF Net Expenditures:







 Unit's FBA %0.00-1.103.8314.786.792.55


 Group weighted average FBA %104.9767.3970.2665.0764.3162.32


 State weighted average Non-Electric Group26.6838.7137.8936.6637.3937.38


 State weighted average FBA %29.0137.4737.0336.3536.5436.96

















Enterprise Funds:
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Water/Sewer, Airport Operation













Combined financial results:







Working capital$0 (320,083) (385,698) (5,808) 584,074 (2,725,778)


Quick ratio0.00 0.56 0.42 0.88 4.70 0.10


Net income0 662,745 283,469 2,784,135 3,440,096 653,996


Cashflow from operations0 750,873 319,565 350,302 (330,175)361,943


Depreciation & Amortization Expense0 120,464 126,241 130,331 138,342 147,353


























Cash, Investments and Financing
Go to top of page		201120102009200820072006











Population at July 1st of the Previous Year4,5994,6594,5784,5874,5944,610


Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Cash &Investments$27,422,982 $343,406 $537,375 $1,027,161 $930,880 $366,142


Investment Earnings74,374 7,423 11,405 584,809 89,785 34,429


Tax Rate Equivalent0.03540.00350.00540.28580.04510.0173


Tax Rate Equivalent Group weighted average0.00270.00550.01300.02940.04370.0322


Tax Rate Equivalent Statewide weighted average0.01560.02470.01330.05240.09200.0573


Latest year of Revaluation 200320032003200320032003


January 1, Prior Year Assessed Valuation$209,807,541 211,751,004 212,759,420 204,647,828 199,002,042 199,207,596


Tax Rate0.59000.59000.59000.59000.59000.5900


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio99.4782.6782.8187.9590.8394.52


Assessment -to-Sales Ratio Group weighted average102.19102.8492.1790.9283.5191.52


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$210,925,446 256,140,080 256,924,792 232,686,558 219,092,857 210,757,084


EffectiveTax Rate0.58690.48780.48860.51890.53590.5577


Group weighted average Effective Tax Rate0.28380.26240.24860.24270.26020.2921


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected98.480094.620094.100094.210093.520093.7500


Percent Collected Group weighted average96.5895.4095.4195.8196.7096.72


Percent Collected Statewide97.5997.3697.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles99.1196.1095.5796.2295.5495.99


Percent Collected Excluding Motor Vehicles Group weighted average97.3397.4397.5598.0697.9998.08


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 87.6180.8481.0779.0178.7976.88


Percent Collected Motor Vehicles Only Group weighted average85.2985.6085.2385.7586.0486.22


Percent Collected Motor Vehicles Only Statewide weighted average 87.2886.3486.5586.7486.7186.80


Tax Uncollected487,101 167,335 172,350 174,966 179,430 180,619


Tax Rate Equivalent0.23220.07900.08100.08550.09020.0907


Dominant County: Wayne






Debt Information








Population Group2,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,999


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$4,835,000 4,892,000 4,947,000 5,000,000 5,000,000 2,470,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt4,835,000 4,892,000 4,947,000 5,000,000 5,000,000 2,470,000


Per Capita$1,051 1,050 1,081 1,090 1,088 536


Total Per Capita for the Population Group113 107 158 152 149 162


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales2.2923%1.9099%1.9255%2.1488%2.2821%1.1720%


 Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0898%0.0802%0.1078%0.1101%0.1223%0.1565%


 Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4280%0.4134%0.3909%0.4132%0.4706%0.5275%


Total Authorized but not Issued General Obligation Debt



5,000,000 5,000,000











Installment Sales Purchases and Lease Obligations







--Enterprise$0 0 0 0 0 0


--General Government0 0 0 0 0 0


Total*$0 0 0 0 0 0


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




Revenue Bond Debt $3,257,412 2,664,753 2,800,094 2,934,435 3,054,776 1,805,118


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes4,5994,6594,5784,5874,5944,610









1.5AFISCAL Governmental Activities Assets55,371,2063,659,8833,961,1704,546,3053,536,2063,616,708
1.5BSUMMARYGovernmental Activities Liabilities9,254,863976,6001,076,6541,061,096704,979771,119
3.5A
Business Type Activities Assets74,037,59221,609,50421,091,01520,806,10118,211,39510,951,056
3.5B
Business Type Activities Liabilties8,284,5258,193,7498,338,5488,337,1038,526,5324,706,289
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy7,518,2771,259,9571,251,2831,204,5411,180,2331,156,618
11.0TAXCurrent Collections of Special Tax Districts124,146




12.0REVENUESPrior Years' Levy Collections45,627




13.0
Penalties and Interest28,35514,57213,15116,54419,02916,331
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax11,456




16.0
1% Local Government Option Sales Tax911,674534,300518,434573,213587,352585,103
17.0
1/2% Local Government Option Sales Tax (40)1,408,490




18.0
1/2% Local Government Option Sales Tax (42)436,566




18.5
1/2% Local Government Option Sales Tax (44)-11,294




19.0
Privilege Licenses154,299




19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses
15,26414,77219,02842,58948,577
23.0
Local Occupancy Tax58,962




24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal30,621




28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety
33,000
250,000

31.0
Transportation - Streets





32.0
Transportation - All Other
477,461200,13110,84321,243281,986
33.0
Environmental Protection
23,31988,996


34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.
12,350



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





39.0STATEPayments In Lieu of Taxes - State80,933




40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional Hold Harmless97,700




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 Tax1,456,686285,498277,219252,668228,602211,287
45.0
Beer and Wine Tax75,1816,52920,60021,16220,83120,287
46.0
Powell Bill468,136130,145147,558165,692149,270152,114
50.0
Court Fees - Facilities and Arrest Fees11,0455,0635,4657,1726,0605,993
51.0
General Government934,725




52.0
Public Safety

176,94753,52130,31019,471
53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection

90,0683,161,5553,475,62265,020
56.0
Econ. & Phys. Dev. - Housing/Community Dev195,925




57.0
Econ. & Phys. Dev. - All Other


75,000408,81176,568
58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation





61.0LOCALPayments in Lieu of Taxes - Local100,384




62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety
82,73888,032


64.0
Transportation - Streets





65.0
Transportation - All Other

16,667

16,667
66.0
Environmental Protection





67.0
Economic and Physical Development





68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits50,54929,94350,70123,78124,66921,641
72.0& FEESInspection Fees168,827




72.1
Amusements licensing and permit taxes





73.0
Other Permits600238120


74.0SALES &Parking Revenues9,164




75.0SERVICESRents and Royalties74468,64471,38078,15172,19820,440
76.0
Airport
52,31554,98148,72746,21665,310
77.0
Fire Protection Charges


199,024103,08685,451
78.0
Solid Waste1,078,536376,103380,149350,296294,512314,624
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries15,98271,10077,50031,51033,37043,880
81.0
Recreation Service Revenues535,21415,271
19,39418,66417,340
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues251,752
20,175


84.0
Mass Transit - City Operated





85.0
Other Sales and Services282,0276,05838,08577,01955,00029,792
86.0UTILITYWater and Sewer Charges9,330,6442,301,2781,954,8581,672,8031,541,3031,807,730
87.0REVENUESElectric Charges29,252,705




88.0
Gas Charges4,281,806




88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds74,3747,42311,405584,80989,78534,429
91.0
Special Assessments





92.0
Private Contributions and Donations131,641




93.0
Sales of Materials and Fixed Assets
7,03267,016


94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution189,31619,77621,56519,32617,83010,923
98.0
Other Miscellaneous Revenues74,362103,75042,392


99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases
39,060
484,000
114,493
101.0
Other4,621
87,79430,0004,147,28723,000
102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits





106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages58,93513,56412,81014,10216,497
109BGENERALGoverning Body - Other Direct-395,32465,93571,37866,60039,75464,525
109CGOVTGoverning Body - Construction





109D
Governing Body - Purchase of P,P&E103,443
25,00015,000

110A
Administration - Salaries & Wages680,796233,340180,438185,287183,105178,872
110B
Administration - Other Direct-11,588210,301566,264174,010264,486256,097
110C
Administration - Construction





110D
Administration - Purchase of P,P&E





111A
Elections - Salaries & Wages





111B
Elections - Other Direct2,469




111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages557,029




112B
Finance - Other Direct-483,601




112C
Finance - Construction





112D
Finance - Purchase of P,P&E





113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages192,991




114B
Legal - Other Direct-129,502




114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages
231,871164,976197,788208,189205,903
115B
Public Buildings - Other Direct77,586233,582470,353293,780271,083333,795
115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E12,888

7,500

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 & Wages371,421




118B
Gen. Govt. All Other - Other Direct-213,841




118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages5,366,903677,524683,755594,494603,789597,962
119BSAFETYPolice & Comm - Traffic Control - Other Direct1,048,68497,825124,062122,43290,724156,405
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E495,66561,23072,18149,780

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
87,50785,24478,23776,09073,293
122B
Fire - Other Direct
74,54173,41992,01055,34594,900
122C
Fire - Construction





122D
Fire - Purchase of P,P&E


833,778154,013
123A
Inspectors - Salaries & Wages
94,06871,69168,80876,39193,411
123B
Inspectors - Other Direct
20,19341,40341,51133,02028,526
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





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E





128A
Streets and Highways - Salaries & Wages725,1431,87830,61619,56314,24613,469
128B
Streets and Highways - Other Direct84,698165,52477,17996,42493,75621,432
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E48,957




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 & Wages233,679




130B
Powell Bill - Other Direct98,382




130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E136,189




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
68,102191,27867,73276,021378,882
134C
Airport - Construction
530,276



134D
Airport - Purchase of P,P&E
17,55075,428


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





136AENVIRONSolid Waste - Salaries & Wages680,043155,738212,680209,827129,113123,327
136BMENTALSolid Waste - Other Direct331,725403,885494,628440,331427,965376,736
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E32,52912,000



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 & Wages420,518




138B
Cemeteries - Other Direct31,622




138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E9,629




139A
Environ. All Other - Salaries & Wages





139B
Environ. All Other - Other Direct


199,866326,51073,571
139C
Environ. All Other - Construction


2,892,9236,375,760
139D
Environ. All Other - Purchase of P,P&E





140AECONOMICPlanning & Zoning - Salaries & Wages478,426




140B& PHYSICALPlanning & Zoning - Other Direct86,599




140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E24,353




141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct289,530




141C
Economic Development - Construction





141D
Economic Development - Purchase of P,P&E





142A
Community Development - Salaries & Wages129,678




142B
Community Development - Other Direct366,940




142C
Community Development - Construction





142D
Community Development - Purchase of P,P&E21,458




143A
Housing & Urban Renewal - Salaries & Wages





143B
Housing & Urban Renewal - Other Direct196,41312,350



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


75,000408,91176,568
145C
Econ. Dev. All Other - Construction





145D
Econ. Dev. All Other - Purchase of P,P&E





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - 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





153ACULTURE Recreation & Parks - Salaries & Wages1,532,53479,15460,41262,90326,03127,523
153BRECREATIONRecreation & Parks - Other Direct1,156,31374,07663,69967,32164,18561,961
153C
Recreation & Parks - Construction32,065




153D
Recreation & Parks - Purchase of P,P&E96,430




154A
Coliseum - Salaries & Wages282,701




154B
Coliseum - Other Direct532,306




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 & Wages143,851




157B
Cult. & Recr. All Other - Other Direct141,334




157C
Cult. & Recr. All Other - Construction





157D
Cult. & Recr. All Other - Purchase of P,P&E





158AUTILITYWater & Sewer - Salaries & Wages2,133,781691,053614,680488,992574,356617,579
158B
Water & Sewer - Other Direct 5,860,111790,4771,142,4731,160,854979,373634,287
158C
Water & Sewer - Construction
116,626



158D
Water & Sewer - Purchase of P,P&E1,647,431
299,968


159A
Electric Power - Salaries & Wages1,360,631




159B
Electric Power - Other Direct27,678,465




159C
Electric Power - Construction





159D
Electric Power - Purchase of P,P&E352,340




160A
Natural Gas - Salaries & Wages451,781




160B
Natural Gas - Other Direct3,742,423




160C
Natural Gas - Construction





160D
Natural Gas - Purchase of P,P&E29,010




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





161BDEBTWater & Sewer - Interest & Fees225,905523,542178,317267,65389,78298,359
161DSERVICEWater & Sewer - Principal1,629,558388,553151,184213,607188,541276,109
162B
Electric - Interest & Fees3,807




162D
Electric - Principal11,000




163B
Gas - Interest & Fees6,409




163D
Gas - Principal523,214




164B
School - Interest & Fees





164D
School - Principal





165B
Hospital - Interest & Fees





165D
Hospital - Principal





166B
All Other - Interest & Fees180,02246,12848,70633,47840,87644,155
166D
All Other - Principal693,644113,610111,660120,544120,202115,921
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement171,710




170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement138,39569,87172,09258,45452,37352,740
172B
Fringe Benefits Other





173AINTERGOVMulti-Cnty Libr Dis,Cnty,Or Other - Recipient





173BEXPENDMulti-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 - RecipientEconomic Development




176B
Other - Intergovt. Expenditures - Item #





176C
Other - Intergovt. Expenditures - Amount257,726




177A
Other - Intergovt. Expenditures - RecipientFoothills Airport




177B
Other - Intergovt. Expenditures - Item #





177C
Other - Intergovt. Expenditures - Amount42,505




178A
Other - Intergovt. Expenditures - Recipient





178B
Other - Intergovt. Expenditures - Item #





178C
Other - Intergovt. Expenditures - Amount





179.0
Current year's levy -- Excluding motor vehicles7,357,038.1,145,124.001,094,403.001,027,562.00988,770.001,042,275.00
180.0
Current year's levy -- Motor vehicles (only)421,409.122,666.00123,893.00136,166.00135,316.00138,864.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh65,692.44,669.0048,457.0038,800.0044,114.0041,755.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles52,21023,50823,45528,58628,69932,111
183.0DATAPercentage of Taxes Collected - All Property %98.4894.6294.1094.2193.5293.75
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%99.1196.1095.5796.2295.5495.99
185.0
Percentage of Taxes Collected - Motor Vehicles %87.6180.8481.0779.0178.7976.88
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





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond





189CINVESTCash On Hand & in Bank - All Other27,422,982343,406537,3751,027,161930,880366,142
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures 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





194APART 9Amount - Total Revenues62,128,9415,978,1875,787,4449,429,77912,613,8725,245,075
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In2,258,183




194D
Amount - Net Revenues59,870,7585,978,1875,787,4449,429,77912,613,8725,245,075


Calculated amount59,870,7585,978,1875,787,4449,429,77912,613,8725,245,075


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures65,477,0506,361,8746,467,9749,310,58912,060,4875,076,308
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out2,258,183




195D
Amount - Net Expenditures63,218,8676,361,8746,467,9749,310,58912,060,4875,076,308


Calculated amount63,218,8676,361,8746,467,9749,310,58912,060,4875,076,308


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



564
401BWater /Number of residential accounts billed Sewer



2,123
402ASewer Amount processed and/or purchased in units Water2,3144354340,48827,311
402BOperationsAmount processed and/or purchased in units Sewer1,70842,9028,25125,672
403A
Total amount billed in units - Water2,2043270261,7882,425
403B
Total amount billed in units - Sewer1,0802601475,1331,235
404A
Of the total in 403A above how many units were Residential W5941115120,5721,241
404B
Of the total in 403B above how many units were Residential S



661
405A
Of the total in 403 above, how many units were Outside Muni W



239
405B
Of the total in 403 above, how many units were Outside Muni S



564
406A
Of the total in 405A above how many units were Residential W



239
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 bulk4,576,84884,842907,135625,84152,140
408A
Dollars related to 403A above4,371,10891,3201,061,798974,56079,900
408B
Dollars related to 403B above2,410,21256,334574,524378,72331,947
409A
Dollars related to 404A above1,953,24063,445749,906734,19261,319
409B
Dollars related to 404B above



12,735
410A
Dollars related to 405A above



879
410B
Dollars related to 405B above



10,078
411A
Dollars related to 406A above



61,323
411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above8,7832,4972,5052,493

421A
Number of residential accounts billed - Water5,6291,8821,8951,860

421B
Number of residential accounts billed - Sewer3,719322320315

422A
Number of non-residential & bulk accounts billed - Water1,183272270266

422B
Number of non-residential & bulk accounts billed - Sewer222222
423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialTammy Kirkpatrick

951.0
TitleAccounting Manager

952.0
Date11/03/201110/31/201012/07/200903/23/200907/07/200811/30/2006
953.0
ContactTammy Kirkpatrick

954.0
TitleAccounting Manager

955.0
Phone(828) 438-5256




956.0
Fax(828) 432-2527




957.0
E-Mail:

















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Key Ratios and Operations Statistics of Water and Sewer Systems for


Town of Mount Olive













201120102009200820072006








Population
4,5994,6594,5784,5874,5944,610
Population Group
No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999
Total Operating Revenues
$02,301,2781,954,8581,672,8031,721,4601,807,730
Total Operating Revenues Per Capita
$0494427365375392
Group Weighted Average Revenues Per Capita17261244235242255
State Weighted Average Revenues Per Capita7272252255255249








% to Total Operating Revenues






Operating Expenses
0.00%69.61%96.32%106.42%98.29%77.40%
Group Weighted Average
82.20%92.72%91.41%92.91%90.03%86.35%
State Weighted Average
91.62%83.21%87.12%84.06%80.00%79.32%








Operating Margin
0.00%30.39%3.68%-6.42%1.71%22.60%
Group Weighted Average
17.80%7.28%8.59%7.09%9.97%13.65%
State Weighted Average
8.38%16.79%12.88%15.94%20.00%20.68%








Operating Transfers In
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
21.89%1.69%1.70%1.04%1.49%1.56%
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
67.66%3.09%9.31%3.10%2.59%1.83%
State Weighted Average
52.67%1.55%2.65%3.15%1.86%2.84%








Net Income before capital contributions
0.00%7.64%-5.44%-22.24%-2.11%17.16%
Group Weighted Average
85.84%19.63%12.72%18.01%5.29%17.80%
State Weighted Average
643.66%15.82%-9.92%18.20%25.61%24.40%








Key Ratios and Cash Flow














Quick Ratio
N/A0.710.420.884.700.10
Group Weighted Average
3.752.973.213.123.253.67
State Weighted Average
4.023.212.822.962.912.83








Days Sales in Receivables
8.060.447.583.082.967.0
Group Weighted Average
3.459.463.654.755.355.7
State Weighted Average
1.257.958.556.761.659.8








Days Cash on Hand
0.03.15.31.437.64.7
Group Weighted Average
-50.1424.6493.9540.8562.2488.8
State Weighted Average
-16.4614.6560.8588.9647.0571.9








Cash flow from Operations
$0750,873319,565350,302-330,175361,943








Debt to Equity
0.000.670.710.700.960.86
Group Weighted Average
0.380.310.300.250.260.25
State Weighted Average
0.220.590.540.540.550.55








Debt per Capita
01,6651,7701,7341,778950
Group Weighted Average
20384357309307288
State Weighted Average
8897783781761733








Capital Expenditures:
201120102009200820072006


$000000










2005200420032002



$82,9272,571,337166,392426,833









Capital Contributions: Excluded from income above
$023,319179,0643,161,5553,475,62265,020
















Operating Statistics














Estimated population of the areas served Water00005,700NA
Estimated population of the areas served Sewer00002,123NA








Number of Gallons of Water Processed (000) omitted2,3144354340,48827,311NA
Number of Gallons of Sewage Processed (000) omitted1,70842,9028,25125,672NA








Number of Gallons of Water Billed (000) omitted2,2043270261,7882,425NA
Number of Gallons of Sewage Billed (000) omitted1,0802601475,1331,235NA








Ratio of Water Billed to Water Processed0.952380.743340.763310.768860.08879NA
Ratio of Sewage Billed to Sewage Processed0.632320.410850.2070857.584900.04811NA








Total Revenue from Water Sales4,576,84884,842907,135625,84152,140NA
Total Revenue from Sewage Sales4,371,10891,3201,061,798974,56079,900NA








Water Revenue per 1000 gallons of Sales




9.14737NA
Sewage Revenue per 1000 gallons of Sales




37.63542NA








Group Average Sales per thousand Gallons Water$0.00602$146.64376$40.01634$1,510.62899$1,842.80047NA
Group Average Sales per thousand Gallons Sewage$0.00883$94.75591$48.91229$1,673.88245$2,249.50353NA








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








Residential Water Sales per thousand Gallons$4,057.5959643,003.053444,982.862103.1410525.74295NA
Residential Sewage Sales per thousand Gallons$6,231.0268968,220.430119,289.062318.7242896.41352NA








Water Sales per thousand Gallons outside Municipal Limits



19.26626NA
Sewage Sales per thousand Gallons outside Municipal Limits



3.67782NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA



Financial Graphs and Comparisons


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Analysis of Available Fund Balance: General Fund

20072008200920102011
Unit's FBA %6.79%14.78%3.83%-1.10%0.00%
Group average FBA %64.31%65.07%70.26%67.39%104.97%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.71%26.68%
State average FBA %36.54%36.35%64.31%37.47%29.01%






Municipal Population Group: No Electric 2,500 to 9,999

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Analysis of Property Tax

20072008200920102011
Municipality93.52%94.21%94.10%94.62%98.48%
Pop. Group96.70%95.81%95.41%95.40%96.58%
Statewide97.58%97.56%97.34%97.36%97.59%






Municipal Population Group: No Electric 2,500 to 9,999






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Analysis of General Obligation Debt

20072008200920102011
Municipality1,0881,0901,0811,0501,051
Pop. Group149152158107113
Statewide478456455449450






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20072008200920102011
Property Tax$2612662762741,651
Utility3473814354959,382
Sales Tax128124114115598
Sales & Services124159132125411
Intergovernmental945872243227750
Debt Proceeds0092216
Other Miscellaneous382473625207
Total$1,8432,0491,2451,28313,015

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$7,592,259
$1,651
Water/Sewer282,027
61
Electric9,330,644
2,029
Other Utilities33,534,511
7,292
Sales Tax2,745,436
598
Sales & Services1,891,992
411
Intergovernment3,451,336
750
Debt Proceeds74,362
16
Miscellaneous952,114
207
Total$59,854,681
$13,015





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$823,702
$178
Water/Sewer285,185
62
Electric9,641,323
2,096
Other Utilities33,329,465
7,247
Debt Service3,273,559
712
Transportation1,327,048
289
Public Safety7,221,357
1,570
Other7,317,228
1,591
Total$63,218,867
$13,746





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$15,800,841
$3,436
Water/Sewer Capital0
0
Electric Capital1,647,431
358
Other Capital1,394,956
303
Other Operating44,375,639
9,648
Total$63,218,867
$13,746





Municipal Population Group: No Electric 2,500 to 9,999





Last Updated 2/5/2012 2:21:23 PM