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

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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			2008	2007	2006	2005	2004	2003
	Revenues by Source
		Property Tax	$1,221,085	1,199,262	1,172,949	1,154,535	1,091,496	1,001,166
		Utility	1,672,803	1,541,303	1,807,730	1,486,197	1,460,547	1,269,599
		Sales Tax	573,213	587,352	585,103	617,809	572,377	530,224
		Sales & Services	804,121	623,046	576,837	370,111	489,259	505,298
		Intergovernmental	3,997,613	4,340,749	849,393	1,206,643	1,052,099	864,545
		Debt Proceeds	484,000	-	114,493	180,410	2,855,618	577,591
		Other Miscellaneous	676,944	4,322,160	138,570	98,493	98,354	328,027
		Total	$9,429,779	12,613,872	5,245,075	5,114,198	7,619,750	5,076,450

	Expenditures by Function
		Utility	$1,649,846	1,553,729	1,251,866	1,364,441	3,560,839	1,017,706
		Debt Service	635,282	439,401	534,544	517,508	329,085	294,699
		Transportation	183,719	184,023	413,783	1,201,657	1,133,081	747,744
		General Government	954,067	983,114	1,039,192	591,749	517,980	511,334
		Public Safety	1,939,504	1,141,745	1,097,237	937,469	1,142,712	1,537,956
		Other	3,948,171	7,758,475	739,686	1,638,728	182,427	597,341
		Total	$9,310,589	12,060,487	5,076,308	6,251,552	6,866,124	4,706,780

	Expenditures by Object
		Salaries & Wages	$1,920,001	1,907,807	1,931,339	1,821,168	1,684,231	1,651,881
		Capital Outlay	3,798,981	6,529,773	-	834,031	2,891,638	606,805
		Other Operating + Debt Service	3,591,607	3,622,907	3,144,969	3,596,353	2,290,255	2,448,094
		Total	$9,310,589	12,060,487	5,076,308	6,251,552	6,866,124	4,706,780


	Per Capita Revenues by Source
		Property Tax	$266	261	254	251	237	218
		Utility	365	336	392	324	318	276
		Sales Tax	124	127	128	134	124	116
		Sales & Services	175	136	125	81	106	110
		Intergovernmental	872	945	184	263	229	188
		Debt Proceeds	106	-	25	39	621	126
		Other Miscellaneous	148	941	30	21	21	71
		Total	$2,056	2,746	1,138	1,113	1,656	1,105

	Per Capita Expenditures by Function
		Utility	$360	338	272	297	774	221
		Debt Service	138	96	116	113	72	64
		Transportation	40	40	90	262	246	163
		General Government	208	213	225	128	113	111
		Public Safety	423	249	238	204	248	335
		Other	861	1,689	160	357	40	130
		Total	$2,030	2,625	1,101	1,361	1,493	1,024

	Per Capita Expenditures by Object
		Salaries & Wages	$419	415	419	397	366	359
		Capital Outlay	828	1,421	-	182	629	132
		Other Operating	783	789	682	782	498	533
		Total	$2,030	2,625	1,101	1,361	1,493	1,024

	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
		Number of Municipalites in Group	119	121	119	116	114	111
		Average Population In Group	4,702	4,808	4,820	4,759	4,871	4,838
		Town of Mount Olive Population	4,587	4,594	4,610	4,593	4,600	4,596
	Group Average Per Capita Revenues by Source
		Property Tax	339	312	306	296	284	282
		Utility	315	316	326	307	292	279
		Sales Tax	160	158	154	146	140	120
		Sales & Services	81	79	74	70	68	67
		Intergovernmental	182	176	160	165	184	179
		Debt Proceeds	174	109	95	65	77	69
		Other Miscellaneous	126	161	126	110	97	132
		Total	1,377	1,311	1,241	1,159	1,142	1,128

	Group Average Per Capita Expenditures by Function
		Utility	377	334	305	290	305	298
		Debt Service	103	97	98	101	104	97
		Transportation	112	112	112	105	100	90
		General Government	170	160	156	154	159	136
		Public Safety	322	312	280	268	261	249
		Other	233	237	209	218	199	214
		Total	1,317	1,252	1,160	1,136	1,128	1,084

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	421	408	390	385	359	354
		Capital Outlay	284	254	205	179	208	172
		Other Operating	612	590	565	572	561	558
		Total	1,317	1,252	1,160	1,136	1,128	1,084


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$3,491,136	2,843,862	2,704,355	2,588,905	2,609,829	2,575,903
	General Fund expenditures		3,049,387	2,840,792	2,830,768	2,961,283	2,787,792	2,800,262
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		30,000	23,000	23,000	23,000	23,500	25,822
	Capital leases and installment purchase proceeds		34,000	-	114,493	180,410	-	412,000
	Other items		-	-	-	-	226,683	-
	Excess of revenues and other sources over (under) expenditures and other uses		445,749	(19,930)	(34,920)	(214,968)	25,220	161,819

	Fund balance available (FBA):
		In dollars	$449,980	194,572	69,845	49,744	538,307	542,145
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	14.78	6.79	2.55	1.77	19.15	22.46
		Group weighted average FBA %	65.07	64.31	62.33	62.22	61.38	60.00
		State weighted average Non-Electric Group	36.47	37.14	36.51	36.90	36.42	36.42
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


Enterprise Funds: Go to top of page
	Airport Operation, Water/Sewer

	Combined financial results:
		Working capital	($5,808)	584,074	(2,725,778)	(530,931)	(395,732)	(109,404)
		Quick ratio	0.88	4.70	0.10	0.33	0.36	0.83
		Net income	2,784,135	3,440,096	653,996	635,200	609,140	56,645
		Cashflow from operations	350,302	(330,175)	361,943	381,950	620,617	576,280
		Depreciation & Amortization Expense	130,331	138,342	147,353	157,628	307,667	280,944



Cash, Investments and Financing Go to top of page			2008	2007	2006	2005	2004	2003

		Population at July 1st of the Previous Year	4,587	4,594	4,610	4,593	4,600	4,596
		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
		Cash &Investments	$1,027,161	930,880	366,142	425,800	554,011	763,770
		Investment Earnings	584,809	89,785	34,429	4,460	6,756	7,405
		Tax Rate Equivalent	0.2858	0.0451	0.0173	0.0024	0.0036	0.0050
		Tax Rate Equivalent Group weighted average	0.0296	0.0439	0.0322	0.0212	0.0115	0.0166
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2003	2003	2003	2003	2003	1995
		January 1, Prior Year Assessed Valuation	$204,647,828	199,002,042	199,207,596	189,047,732	186,607,563	146,757,082
		Tax Rate	0.5900	0.5900	0.5900	0.5900	0.5900	0.6900
		Tax Rate Group weighted average	0.2682	0.3126	0.3191	0.3626	0.3759	0.3833
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	87.95	90.83	94.52	98.22	99.87	74.50
		Assessment -to-Sales Ratio Group weighted average	90.92	83.47	91.52	85.31	89.22	88.07
		Assessment -to-Sales Ratio Statewide	88.52	88.41	92.28	92.35	92.18	89.54
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$232,686,558	219,092,857	210,757,084	192,473,765	186,850,469	196,989,372
		EffectiveTax Rate	0.5189	0.5359	0.5577	0.5795	0.5892	0.5141
		Group weighted average Effective Tax Rate	0.2438	0.2610	0.2921	0.3093	0.3354	0.3376
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	94.21	93.52	93.75	93.13	92.12	90.98
		Percent Collected Group weighted average	97.46	96.76	96.72	96.85	96.72	96.35
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	96.22	95.54	95.99	95.04	94.57	93.23
		Percent Collected Excluding Motor Vehicles Group weighted average	98.08	98.00	98.08	97.96	97.91	97.84
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.66	98.59	98.61	98.36	98.26	98.31
		Percent Collected Motor Vehicles Only	79.01	78.79	76.88	79.38	77.00	78.16
		Percent Collected Motor Vehicles Only Group weighted average	85.75	86.04	86.22	85.87	85.76	84.39
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	28,680	72,813	73,866	77,525	88,875	91,374
		Tax Rate Equivalent	0.0140	0.0366	0.0371	0.0410	0.0476	0.0623
		Dominant County: Wayne
	Debt Information
		Population Group	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999
		Ratings:
		Fitch
		Moody's				Baa2	Baa2	Baa2
		S & P				BBB-	BBB-	BBB-

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$5,000,000	5,000,000	2,470,000	2,510,000	2,550,000	182,400
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	5,000,000	5,000,000	2,470,000	2,510,000	2,550,000	182,400
		Per Capita	$1,090	1,088	536	546	554	40
		Total Per Capita for the Population Group	152	149	162	162	159	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	2.1488%	2.2821%	1.1720%	1.3041%	1.3647%	0.0926%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1101%	0.1223%	0.1565%	0.1724%	0.1878%	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%	#N/A
		Total Authorized but not Issued General Obligation Debt		5,000,000	5,000,000	5,000,000	5,000,000

		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	$2,934,435	3,054,776	1,805,118	1,990,720	2,176,323	195,784


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		4,587	4,594	4,610	4,593	4,600	4,596

1A	Non GASB34	General Fund Assets						910,433
1B	FISCAL	General Fund Liabilities						283,507
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						7,398,240
3B		Enterprise Liabilities						3,042,456
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets						148,852
1.5A	GASB34	Governmental Activities Assets	4,546,305	3,536,206	3,616,708	3,814,199	3,809,856
1.5B	FISCAL	Governmental Activities Liabilities	1,061,096	704,979	771,119	825,177	694,237
3.5A	SUMMARY	Business Type Activities Assets	20,806,101	18,211,395	10,951,056	10,602,465	10,273,966
3.5B		Business Type Activities Liabilties	8,337,103	8,526,532	4,706,289	5,011,694	5,318,395
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities						1,069
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets						5,215,713
9B		General Long term debt - Liabilities						553,144
10	PART 2	Current collections of unit-wide levy	1,204,541	1,180,233	1,156,618	1,135,935	1,023,992	921,185
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections					53,157	64,342
13		Penalties and interest	16,544	19,029	16,331	18,600	14,347	15,639
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	573,213	587,352	585,103	617,809	228,722	228,243
17		1/2% Local government sales and use taxes (Article 40)					120,079	137,085
18		1/2% Local government sales and use taxes (Article 42)					118,998	135,702
18.5		1/2% Local government sales and use taxes (Article 44)					104,578	29,194
19		Licenses Privilege					13,299	13,837
19.1		Privilege - Occupational & business licensing & permit taxes
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	19,028	42,589	48,577	58,362	20,273	19,219
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes						6,447
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety	250,000
31		Transportation - Streets
32		Transportation - All other	10,843	21,243	281,986		115,462
33		Utility franchise tax
34		Housing/community development					1,226
35		All Other						279,500
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges				56,318	51,873	55,208
43		Piped Natural Gas Charge Distribution					2,910
44		Utility franchise tax	252,668	228,602	211,287	148,672	144,770	152,621
45		Beer and Wine tax	21,162	20,831	20,287	20,361	19,739	19,554
46		Powell Bill	165,692	149,270	152,114	153,590	140,715	155,567
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	7,172	6,060	5,993	8,738	5,474	6,393
51		General Government
52		Public safety	53,521	30,310	19,471	89,838	3,906	9,088
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection	3,161,555	3,475,622	65,020	560,025	117,119
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other	75,000	408,811	76,568	169,101	134,258	29,552
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation
61	LOCAL	LOCAL Payment in lieu of taxes					6,626
62	INTERGOV	General government
63	REVENUES	Public safety					81,188	125,334
64		Transportatin - Streets
65		Transportation - All other			16,667
66		Environmental protection					214,677	25,281
67		Economic and physical development					12,156
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits	23,781	24,669	21,641	23,525	13,318	20,658
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits				4,880		153
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	78,151	72,198	20,440	21,585	44,730	35,100
76		Airport	48,727	46,216	65,310	39,476	136	68
77		Fire protection charges	199,024	103,086	85,451
78		Solid waste	350,296	294,512	314,624	255,491	248,895	238,707
79		Ambulance and rescue squad charges					154,008	194,864
80		Cemeteries	31,510	33,370	43,880	26,470	21,550	20,229
81		Recreation service revenues	19,394	18,664	17,340	17,554	19,940	12,812
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services	77,019	55,000	29,792	9,535		3,518
86	UTILITY	Water and sewer charges	1,672,803	1,541,303	1,807,730	1,486,197	1,460,547	1,269,599
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	584,809	89,785	34,429	4,460	6,756	7,405
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets					26,450
94		Sales of real property						4,922
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	19,326	17,830	10,923	7,266	3,813	7,670
98		Other miscellaneous revenues					5,852	15,029
99		Proceeds of the sale of bonds and notes					2,642,230
100		Proceeds of capital leases and installment purchases	484,000		114,493	180,410	213,388	577,591
101		Other	30,000	4,147,287	23,000		8,593	239,134
102	NON-REV	Supplemental schools taxes - current levy collections
103	RECEIPTS	Prior years' levy collections
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits					-19,137	1,646
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	14,102	16,497		68,808	2,450
109B	GENERAL	Governing body - All other Direct	66,600	39,754	64,525	67,471	35,523	31,101
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures	15,000
110A		Administration - Salaries	185,287	183,105	178,872	115,119	153,437	113,927
110B		Administration - All other Direct	174,010	264,486	256,097	209,084	230,205	254,576
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures					26,191	51,204
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries	197,788	208,189	205,903	27,244	24,214	24,076
115B		Public Buildings - All other Direct	293,780	271,083	333,795	83,623	44,960	36,450
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures	7,500			20,400	1,000
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	594,494	603,789	597,962	555,179	554,325	608,280
119B	SAFETY	Police and Communications - All other Direct	122,432	90,724	156,405	140,059	119,237	90,336
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	49,780				2,245
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries	78,237	76,090	73,293	54,953	63,490	59,876
122B		Fire - All other Direct	92,010	55,345	94,900	28,767	59,376	70,655
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures	833,778	154,013		5,219	98,393	364,892
123A		Inspectors - Salaries	68,808	76,391	93,411	77,516	36,384	36,250
123B		Inspectors - All other Direct	41,511	33,020	28,526	24,475	14,772	26,025
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures					15,543
124A		Rescue Units - Salaries					49,477	159,894
124B		Rescue Units - All other Direct					61,272	99,938
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures					47,247
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries
126B		Public Safety All Other - All other Direct
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	19,563	14,246	13,469	329,628	253,424	214,347
128B		Streets and Highways - All other Direct	96,424	93,756	21,432	623,628	490,300	336,622
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures				184,526	92,461
129A		Street Cleaning - Salaries
129B		Street Cleaning - All other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures
130A		State Street Aid Allocation - Powell Bill - Salries					24,962	26,945
130B		State Street Aid Allocation - Powell Bill - All other Direct					125,669	87,381
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures					1,440	24,317
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
131C		Parking Facilities - Construction
131D		Parking Facilites - Land, Equipment, and Existing Structures
132A		Mass Transit - City - Salaries
132B		Mass Transit - City - All other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Land, Equipment, and Existing Structures
133B		Mass Transit - Private - All other Direct only
134A		Airport - Salaries				63,875	44,660
134B		Airport - All other Direct	67,732	76,021	378,882		100,165	58,132
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures
135A		Transportation - All Other - Salaries
135B		Transportation - All Other - All other Direct
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries	209,827	129,113	123,327
136B	MENTAL	Solid Waste - All other Direct	440,331	427,965	376,736	799,758
136C	PROTECTION	Solid Waste - Construction				454,550
136D		Solid Waste - Land, Equipment, and Existing Structures
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries				7,209	4,043	4,118
138B		Cemeteries - All other Direct				34,595	35,475	32,925
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures				77,668
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct	199,866	326,510	73,571
139C		Environmental Protection - All Other - Construction	2,892,923	6,375,760
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct				169,101		495,009
141C		Economic Development - Construction					35,781
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct						2,388
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct	75,000	408,911	76,568
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - All other Direct
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries	62,903	26,031	27,523	24,038	15,190	13,964
153B	RECREATION	Recreation and Parks - All other Direct	67,321	64,185	61,961	63,068	78,889	48,937
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures				8,741
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	488,992	574,356	617,579	497,599	458,175	390,204
158B		Water and Sewer - All other Direct	1,160,854	979,373	634,287	783,915	531,327	461,110
158C		Water and Sewer - Construction					2,255,252
158D		Water and Sewer - Land, Equipment, and Existing Structures				82,927	316,085	166,392
159A		Electric Power - Salaries
159B		Electric Power - All other Direct
159C		Electric Power - Construction
159D		Electric Power - Land, Equipment, and Existing Structures
160A		Natural Gas - Salries
160B		Natural Gas - All other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Land, Equipment and Existing Structures
160.1A		Storm water salaries
160.1B		Storm water other operating
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures
161B	DEBT	Water and Sewer - Debt Service Interest Payments	267,653	89,782	98,359	115,964	193,875	65,881
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	213,607	188,541	276,109	269,334	117,153	210,761
162B		Electric - Debt Service Interest Payments
162D		Electric - Debt Service Principal Payments
163B		Gas - Debt Service Interest Payments
163D		Gas - Debt Service Principal Payments
164B		School - Debt Service Interest Payments
164D		School - Debt Service Principal Payments
165B		Hospital - Debt Service Interest Payments
165D		Hospital - Debt Service Principal Payments
166B		All Other - Debt Service Interest Payments	33,478	40,876	44,155	26,581	10,907	10,691
166D		All Other - Debt Service Principal Payments	120,544	120,202	115,921	105,629	7,150	7,366
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	58,454	52,373	52,740	51,301	20,951	21,810
172B		Fringe Benefits Other - (B)					13,049
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-County Library District, County, or Other Municipality (Amount)
174A		General Governmental Actitivies shared with the County (County)
174B		General Governmental Actitivies shared with the County (Item number)
174C		General Governmental Actitivies shared with the County (Amount)
175A		Highways (Payments to State) (State)
175B		Highways (Payments to State) (Item number)
175C		Highways (Payments to State) (Amount)
176A		Others - Name of Payee #1
176B		Others - 1 (B)
176C		Others - 1 (C)
177A		Others - Name of Payee #2
177B		Others - 2 (B)
177C		Others - 2 (C)
178A		Others - Name of Payee #3
178B		Others - 3 (B)
178C		Others - 3 (C)
179	PART 6	Current Year Levy Excluding Motor Vehicles	1,027,562	988,770	1,042,275	991,519	970,721	861,093
180	OTHER	Current Year Levy Motor Vehicles Only	136,166	135,316	138,864	137,229	157,087	151,466
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	38,800	44,114	41,755	49,222	52,752	58,288
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	28,586	28,699	32,111	28,303	36,123	33,086
183		Percentage of Taxes Collected - Current Year All Property	94.21	93.52	93.75	93.13	92.12	90.98
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	96.22	95.54	95.99	95.04	94.57	93.23
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	79.01	78.79	76.88	79.38	77.00	78.16
186		Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal
187A		Capital Reserve or Available Funds - Schools - July 1, Previous Year
187B		Capital Reserve or Available Funds - Schools - June 30, Current Year
188A		Capital Reserve or Available Funds - Hospitals - July 1, Previous Year
188B		Capital Reserve or Available Funds - Hospitals - June 30, Current Year
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	1,027,161	930,880	366,142	425,800	554,011	763,770
190A	PART	Appropriations made during the fiscal year pursuant to subsections b (1- 7)
190B	8	Expenditures made during the fiscal year pursuant to subsections b (1- 7)
191		Investment in Property Acquired at any time under G.S. 158
192		Amount Expended during the fiscal year pursuant to subsections b (5) and b (7)
193		Amount of Tax Revenues taken into account under G.S.
194A	PART 9	Amounts - Total Revenues and other financing sources per audit	9,429,779	12,613,872	5,245,075	5,137,198	7,676,584	5,102,272
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in				23,000	56,834	25,822
194D		Amounts - Net Revenues per AFIR	9,429,779	12,613,872	5,245,075	5,114,198	7,619,750	5,076,450
		Calculated amount	9,429,779	12,613,872	5,245,075	5,114,198	7,619,750	5,076,450
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	9,310,589	12,060,487	5,076,308	6,274,552	6,922,958	4,732,602
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out				23,000	56,834	25,822
195D		Amounts Net Expenditures per AFIR	9,310,589	12,060,487	5,076,308	6,251,552	6,866,124	4,706,780
		Calculated amount	9,310,589	12,060,487	5,076,308	6,251,552	6,866,124	4,706,780
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	ARLENE TALTON
951		Title of Official	FINANCE OFFICER
952		Date Certified	03/23/2009	07/07/2008	11/30/2006
953		Person to Contact	ARLENE TALTON
954		Title of Person to Contact	FINANCE OFFICER
955		Telephone Number	1-919-658-9539
956		Facsimile Number	1-919-658-3873

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

	2008	2007	2006	2005	2004	2003

Population	4,587	4,594	4,610	4,593	4,600	4,596
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	$1,672,803	1,721,460	1,807,730	1,486,154	1,460,547	1,287,444
Total Operating Revenues Per Capita	$365	375	392	324	318	280
Group Weighted Average Revenues Per Capita	396	397	412	394	373	354
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	106.42%	98.29%	77.40%	96.84%	88.43%	87.32%
Group Weighted Average	93.18%	90.16%	87.25%	90.21%	91.34%	93.36%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	-6.42%	1.71%	22.60%	3.16%	11.57%	12.68%
Group Weighted Average	6.82%	9.84%	12.75%	9.79%	8.66%	6.64%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	-3.22%	-2.12%	0.26%	-0.43%	-5.40%	-1.68%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	-22.24%	-2.11%	17.16%	-4.63%	7.06%	7.22%
Group Weighted Average	3.36%	-0.97%	6.51%	7.51%	0.89%	4.57%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	0.88	4.70	0.10	0.33	0.36	0.83
Group Weighted Average	3.12	3.26	3.68	3.54	4.02	3.72
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	83.0	82.9	67.0	50.8	48.4	47.1
Group Weighted Average	52.2	52.6	53.8	53.5	60.0	55.4
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	1.4	37.6	4.7	8.5	12.3	6.7
Group Weighted Average	439.3	462.5	413.6	388.8	421.1	468.9
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	$350,302	-330,175	361,943	381,950	620,617	591,082

Debt to Equity	0.70	0.96	0.86	0.98	1.13	0.60
Group Weighted Average	0.31	0.28	0.25	0.23	0.27	0.22
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	1,734	1,778	950	1,014	1,047	495
Group Weighted Average	631	533	484	493	509	525
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$0	0	0	82,927	2,571,337	166,392

	2002	2001	2000	1999
	$426,833	18,846	178,249	762,157

Capital Contributions: Excluded from income above	$3,161,555	3,475,622	65,020	560,025	373,846	0


Operating Statistics

Estimated population of the areas served Water	0	5,700	NA	NA	NA	NA
Estimated population of the areas served Sewer	0	2,123	NA	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	340,488	27,311	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	8,251	25,672	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	261,788	2,425	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	475,133	1,235	NA	NA	NA	NA

Ratio of Water Billed to Water Processed	0.76886	0.08879	NA	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	57.58490	0.04811	NA	NA	NA	NA

Total Revenue from Water Sales	625,841	52,140	NA	NA	NA	NA
Total Revenue from Sewage Sales	974,560	79,900	NA	NA	NA	NA

Water Revenue per 1000 gallons of Sales		9.14737	NA	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales		37.63542	NA	NA	NA	NA

Group Average Sales per thousand Gallons Water	$1,510.62899	$1,842.80047	NA	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$1,202.09823	$1,724.69791	NA	NA	NA	NA

State Average Sales per thousand Gallons Water	$13,144.87654	$5,350.70834	NA	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$10,395.28087	$3,921.08643	NA	NA	NA	NA

Residential Water Sales per thousand Gallons	$3.14105	25.74295	NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$8.72428	96.41352	NA	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits		19.26626	NA	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits		3.67782	NA	NA	NA	NA

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

Financial Graphs and Comparisons

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

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Analysis of Available Fund Balance: General Fund

	2004	2005	2006	2007	2008
Unit's FBA %	19.15%	1.77%	2.55%	6.79%	14.78%
Group average FBA %	61.38%	62.22%	62.33%	64.31%	65.07%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	61.38%	36.37%	36.20%

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

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2004 2005 2006 2007 2008

Municipality 92.12% 93.13% 93.75% 93.52% 94.21%

Pop. Group 96.72% 96.85% 96.72% 96.76% 97.46%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

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

	2004	2005	2006	2007	2008
Municipality	92.12%	93.13%	93.75%	93.52%	94.21%
Pop. Group	96.72%	96.85%	96.72%	96.76%	97.46%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

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

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2004 2005 2006 2007 2008

Municipality 554 546 536 1,088 1,090

Pop. Group 159 162 162 149 152

Statewide 548 505 495 478 456

Municipal Population Group: 2,500 to 4,999

	2004	2005	2006	2007	2008
Municipality	554	546	536	1,088	1,090
Pop. Group	159	162	162	149	152
Statewide	548	505	495	478	456

Municipal Population Group: 2,500 to 4,999

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2004 2005 2006 2007 2008

Property Tax $237 251 254 261 266

Utility 318 324 392 336 365

Sales Tax 124 134 128 127 124

Sales & Services 106 81 125 136 175

Intergovernmental 229 263 184 945 872

Debt Proceeds 621 39 25 0 106

Other Miscellaneous 21 21 30 941 148

Total $1,656 1,113 1,138 2,746 2,056

	2004	2005	2006	2007	2008
Property Tax	$237	251	254	261	266
Utility	318	324	392	336	365
Sales Tax	124	134	128	127	124
Sales & Services	106	81	125	136	175
Intergovernmental	229	263	184	945	872
Debt Proceeds	621	39	25	0	106
Other Miscellaneous	21	21	30	941	148
Total	$1,656	1,113	1,138	2,746	2,056

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2008
2008

Category Revenue
Per Capita

Property Tax $1,221,085
$266

Water/Sewer 1,672,803
365

Electric 0
0

Other Utilities 0
0

Sales Tax 573,213
124

Sales & Services 804,121
175

Intergovernment 3,997,613
872

Debt Proceeds 484,000
106

Miscellaneous 676,944
148

Total $9,429,779
$2,056

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

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2008
2008

Category Expenditures
Per Capita

General Government $954,067
$208

Water/Sewer 1,649,846
360

Electric 0
0

Other Utilities 0
0

Debt Service 635,282
138

Transportation 183,719
40

Public Safety 1,939,504
423

Other 3,948,171
861

Total $9,310,589
$2,030

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

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $1,920,001
$419

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 3,798,981
828

Other Operating 3,591,607
783

Total $9,310,589
$2,030

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

Last Updated 8/27/2009 7:47:04 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$1,221,085	$266
Water/Sewer	1,672,803	365
Electric	0	0
Other Utilities	0	0
Sales Tax	573,213	124
Sales & Services	804,121	175
Intergovernment	3,997,613	872
Debt Proceeds	484,000	106
Miscellaneous	676,944	148
Total	$9,429,779	$2,056

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Mount Olive

Financial Graphs and Comparisons

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