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

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$1,264,434	1,221,085	1,199,262	1,172,949	1,154,535	1,091,496
		Utility	1,954,858	1,672,803	1,541,303	1,807,730	1,486,197	1,460,547
		Sales Tax	518,434	573,213	587,352	585,103	617,809	572,377
		Sales & Services	642,270	804,121	623,046	576,837	370,111	489,259
		Intergovernmental	1,111,683	3,997,613	4,340,749	849,393	1,206,643	1,052,099
		Debt Proceeds	-	484,000	-	114,493	180,410	2,855,618
		Other Miscellaneous	295,765	676,944	4,322,160	138,570	98,493	98,354
		Total	$5,787,444	9,429,779	12,613,872	5,245,075	5,114,198	7,619,750

	Expenditures by Function
		Utility	$2,057,121	1,649,846	1,553,729	1,251,866	1,364,441	3,560,839
		Debt Service	489,867	635,282	439,401	534,544	517,508	329,085
		Transportation	374,501	183,719	184,023	413,783	1,201,657	1,133,081
		General Government	1,491,219	954,067	983,114	1,039,192	591,749	517,980
		Public Safety	1,223,847	1,939,504	1,141,745	1,097,237	937,469	1,142,712
		Other	831,419	3,948,171	7,758,475	739,686	1,638,728	182,427
		Total	$6,467,974	9,310,589	12,060,487	5,076,308	6,251,552	6,866,124

	Expenditures by Object
		Salaries & Wages	$2,117,302	1,920,001	1,907,807	1,931,339	1,821,168	1,684,231
		Capital Outlay	472,577	3,798,981	6,529,773	-	834,031	2,891,638
		Other Operating + Debt Service	3,878,095	3,591,607	3,622,907	3,144,969	3,596,353	2,290,255
		Total	$6,467,974	9,310,589	12,060,487	5,076,308	6,251,552	6,866,124


	Per Capita Revenues by Source
		Property Tax	$276	266	261	254	251	237
		Utility	427	365	336	392	324	318
		Sales Tax	113	124	127	128	134	124
		Sales & Services	140	175	136	125	81	106
		Intergovernmental	243	872	945	184	263	229
		Debt Proceeds	-	106	-	25	39	621
		Other Miscellaneous	65	148	941	30	21	21
		Total	$1,264	2,056	2,746	1,138	1,113	1,656

	Per Capita Expenditures by Function
		Utility	$449	360	338	272	297	774
		Debt Service	107	138	96	116	113	72
		Transportation	82	40	40	90	262	246
		General Government	326	208	213	225	128	113
		Public Safety	267	423	249	238	204	248
		Other	182	861	1,689	160	357	40
		Total	$1,413	2,030	2,625	1,101	1,361	1,493

	Per Capita Expenditures by Object
		Salaries & Wages	$462	419	415	419	397	366
		Capital Outlay	103	828	1,421	-	182	629
		Other Operating	848	783	789	682	782	498
		Total	$1,413	2,030	2,625	1,101	1,361	1,493

	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	117	120	119	116	114
		Average Population In Group	4,614	4,782	4,848	4,820	4,759	4,871
		Town of Mount Olive Population	4,578	4,587	4,594	4,610	4,593	4,600
	Group Average Per Capita Revenues by Source
		Property Tax	345	342	312	306	296	284
		Utility	313	319	316	326	307	292
		Sales Tax	140	162	158	154	146	140
		Sales & Services	86	82	79	74	70	68
		Intergovernmental	184	184	176	160	165	184
		Debt Proceeds	212	176	109	95	65	77
		Other Miscellaneous	105	127	161	126	110	97
		Total	1,385	1,392	1,311	1,241	1,159	1,142

	Group Average Per Capita Expenditures by Function
		Utility	415	381	334	305	290	305
		Debt Service	101	105	97	98	101	104
		Transportation	95	113	112	112	105	100
		General Government	185	172	160	156	154	159
		Public Safety	317	325	312	280	268	261
		Other	218	235	237	209	218	199
		Total	1,331	1,331	1,252	1,160	1,136	1,128

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	430	425	408	390	385	359
		Capital Outlay	320	287	254	205	179	208
		Other Operating	581	619	590	565	572	561
		Total	1,331	1,331	1,252	1,160	1,136	1,128


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$3,204,755	3,491,136	2,843,862	2,704,355	2,588,905	2,609,829
	General Fund expenditures		3,760,694	3,049,387	2,840,792	2,830,768	2,961,283	2,787,792
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		30,000	30,000	23,000	23,000	23,000	23,500
	Capital leases and installment purchase proceeds		57,794	34,000	-	114,493	180,410	-
	Other items		-	-	-	-	-	226,683
	Excess of revenues and other sources over (under) expenditures and other uses		(528,145)	445,749	(19,930)	(34,920)	(214,968)	25,220

	Fund balance available (FBA):
		In dollars	$142,991	449,980	194,572	69,845	49,744	538,307
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	3.83	14.78	6.79	2.55	1.77	19.15
		Group weighted average FBA %	70.08	65.07	64.31	62.32	62.21	61.38
		State weighted average Non-Electric Group	37.77	36.63	37.38	37.38	36.82	36.42
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


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

	Combined financial results:
		Working capital	($385,698)	(5,808)	584,074	(2,725,778)	(530,931)	(395,732)
		Quick ratio	0.42	0.88	4.70	0.10	0.33	0.36
		Net income	283,469	2,784,135	3,440,096	653,996	635,200	609,140
		Cashflow from operations	319,565	350,302	(330,175)	361,943	381,950	620,617
		Depreciation & Amortization Expense	126,241	130,331	138,342	147,353	157,628	307,667



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

		Population at July 1st of the Previous Year	4,578	4,587	4,594	4,610	4,593	4,600
		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	$537,375	1,027,161	930,880	366,142	425,800	554,011
		Investment Earnings	11,405	584,809	89,785	34,429	4,460	6,756
		Tax Rate Equivalent	0.0054	0.2858	0.0451	0.0173	0.0024	0.0036
		Tax Rate Equivalent Group weighted average	0.0129	0.0296	0.0439	0.0322	0.0212	0.0115
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$212,759,420	204,647,828	199,002,042	199,207,596	189,047,732	186,607,563
		Tax Rate	0.5900	0.5900	0.5900	0.5900	0.5900	0.5900
		Tax Rate Group weighted average	0.2710	0.2682	0.3126	0.3191	0.3626	0.3759
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	82.81	87.95	90.83	94.52	98.22	99.87
		Assessment -to-Sales Ratio Group weighted average	92.21	90.92	83.47	91.52	85.31	89.22
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$256,924,792	232,686,558	219,092,857	210,757,084	192,473,765	186,850,469
		EffectiveTax Rate	0.4886	0.5189	0.5359	0.5577	0.5795	0.5892
		Group weighted average Effective Tax Rate	0.2499	0.2438	0.2610	0.2921	0.3093	0.3354
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	94.10	94.21	93.52	93.75	93.13	92.12
		Percent Collected Group weighted average	97.20	96.72	96.76	96.72	96.85	96.72
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	95.57	96.22	95.54	95.99	95.04	94.57
		Percent Collected Excluding Motor Vehicles Group weighted average	97.55	98.08	98.00	98.08	97.96	98.15
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.31	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	81.07	79.01	78.79	76.88	79.38	77.00
		Percent Collected Motor Vehicles Only Group weighted average	85.15	85.75	86.04	86.22	85.87	85.65
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	23,549	67,386	72,813	73,866	77,525	88,875
		Tax Rate Equivalent	0.0111	0.0329	0.0366	0.0371	0.0410	0.0476
		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
		S & P					BBB-	BBB-

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$4,947,000	5,000,000	5,000,000	2,470,000	2,510,000	2,550,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	4,947,000	5,000,000	5,000,000	2,470,000	2,510,000	2,550,000
		Per Capita	$1,081	1,090	1,088	536	546	554
		Total Per Capita for the Population Group	158	152	149	162	162	159
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	1.9255%	2.1488%	2.2821%	1.1720%	1.3041%	1.3647%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1078%	0.1101%	0.1223%	0.1565%	0.1724%	0.1878%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%
		Total Authorized but not Issued General Obligation Debt			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	$2,800,094	2,934,435	3,054,776	1,805,118	1,990,720	2,176,323


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		4,578	4,587	4,594	4,610	4,593	4,600

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	3,961,170	4,546,305	3,536,206	3,616,708	3,814,199	3,809,856
1.5B	FISCAL	Governmental Activities Liabilities	1,076,654	1,061,096	704,979	771,119	825,177	694,237
3.5A	SUMMARY	Business Type Activities Assets	21,091,015	20,806,101	18,211,395	10,951,056	10,602,465	10,273,966
3.5B		Business Type Activities Liabilties	8,338,548	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
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets
9B		General Long term debt - Liabilities
10	PART 2	Current collections of unit-wide levy	1,251,283	1,204,541	1,180,233	1,156,618	1,135,935	1,023,992
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections						53,157
13		Penalties and interest	13,151	16,544	19,029	16,331	18,600	14,347
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax
16		1% Local government sales and use tax	518,434	573,213	587,352	585,103	617,809	228,722
17		1/2% Local government sales and use taxes (Article 40)						120,079
18		1/2% Local government sales and use taxes (Article 42)						118,998
18.5		1/2% Local government sales and use taxes (Article 44)						104,578
19		Licenses Privilege						13,299
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	14,772	19,028	42,589	48,577	58,362	20,273
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety		250,000
31		Transportation - Streets
32		Transportation - All other	200,131	10,843	21,243	281,986		115,462
33		Utility franchise tax	88,996
34		Housing/community development						1,226
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges					56,318	51,873
43		Piped Natural Gas Charge Distribution						2,910
44		Utility franchise tax	277,219	252,668	228,602	211,287	148,672	144,770
45		Beer and Wine tax	20,600	21,162	20,831	20,287	20,361	19,739
46		Powell Bill	147,558	165,692	149,270	152,114	153,590	140,715
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	5,465	7,172	6,060	5,993	8,738	5,474
51		General Government
52		Public safety	176,947	53,521	30,310	19,471	89,838	3,906
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection	90,068	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
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	88,032					81,188
64		Transportatin - Streets
65		Transportation - All other	16,667			16,667
66		Environmental protection						214,677
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	50,701	23,781	24,669	21,641	23,525	13,318
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	120				4,880
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	71,380	78,151	72,198	20,440	21,585	44,730
76		Airport	54,981	48,727	46,216	65,310	39,476	136
77		Fire protection charges		199,024	103,086	85,451
78		Solid waste	380,149	350,296	294,512	314,624	255,491	248,895
79		Ambulance and rescue squad charges						154,008
80		Cemeteries	77,500	31,510	33,370	43,880	26,470	21,550
81		Recreation service revenues		19,394	18,664	17,340	17,554	19,940
82		Library service revenues
83		Other cultural and recreational service revenues	20,175
84		Mass transit - city operated
85		Other sales and services	38,085	77,019	55,000	29,792	9,535
86	UTILITY	Water and sewer charges	1,954,858	1,672,803	1,541,303	1,807,730	1,486,197	1,460,547
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	11,405	584,809	89,785	34,429	4,460	6,756
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets	67,016					26,450
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	21,565	19,326	17,830	10,923	7,266	3,813
98		Other miscellaneous revenues	42,392					5,852
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
101		Other	87,794	30,000	4,147,287	23,000		8,593
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
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	12,810	14,102	16,497		68,808	2,450
109B	GENERAL	Governing body - All other Direct	71,378	66,600	39,754	64,525	67,471	35,523
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures	25,000	15,000
110A		Administration - Salaries	180,438	185,287	183,105	178,872	115,119	153,437
110B		Administration - All other Direct	566,264	174,010	264,486	256,097	209,084	230,205
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures						26,191
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	164,976	197,788	208,189	205,903	27,244	24,214
115B		Public Buildings - All other Direct	470,353	293,780	271,083	333,795	83,623	44,960
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	683,755	594,494	603,789	597,962	555,179	554,325
119B	SAFETY	Police and Communications - All other Direct	124,062	122,432	90,724	156,405	140,059	119,237
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	72,181	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	85,244	78,237	76,090	73,293	54,953	63,490
122B		Fire - All other Direct	73,419	92,010	55,345	94,900	28,767	59,376
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures		833,778	154,013		5,219	98,393
123A		Inspectors - Salaries	71,691	68,808	76,391	93,411	77,516	36,384
123B		Inspectors - All other Direct	41,403	41,511	33,020	28,526	24,475	14,772
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures						15,543
124A		Rescue Units - Salaries						49,477
124B		Rescue Units - All other Direct						61,272
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	30,616	19,563	14,246	13,469	329,628	253,424
128B		Streets and Highways - All other Direct	77,179	96,424	93,756	21,432	623,628	490,300
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
130B		State Street Aid Allocation - Powell Bill - All other Direct						125,669
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures						1,440
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	191,278	67,732	76,021	378,882		100,165
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures	75,428
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	212,680	209,827	129,113	123,327
136B	MENTAL	Solid Waste - All other Direct	494,628	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
138B		Cemeteries - All other Direct					34,595	35,475
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
141C		Economic Development - Construction						35,781
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct		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	60,412	62,903	26,031	27,523	24,038	15,190
153B	RECREATION	Recreation and Parks - All other Direct	63,699	67,321	64,185	61,961	63,068	78,889
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	614,680	488,992	574,356	617,579	497,599	458,175
158B		Water and Sewer - All other Direct	1,142,473	1,160,854	979,373	634,287	783,915	531,327
158C		Water and Sewer - Construction						2,255,252
158D		Water and Sewer - Land, Equipment, and Existing Structures	299,968				82,927	316,085
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	178,317	267,653	89,782	98,359	115,964	193,875
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	151,184	213,607	188,541	276,109	269,334	117,153
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	48,706	33,478	40,876	44,155	26,581	10,907
166D		All Other - Debt Service Principal Payments	111,660	120,544	120,202	115,921	105,629	7,150
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)	72,092	58,454	52,373	52,740	51,301	20,951
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	1,094,403	1,027,562	988,770	1,042,275	991,519	970,721
180	OTHER	Current Year Levy Motor Vehicles Only	123,893	136,166	135,316	138,864	137,229	157,087
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	48,457	38,800	44,114	41,755	49,222	52,752
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	23,455	28,586	28,699	32,111	28,303	36,123
183		Percentage of Taxes Collected - Current Year All Property	94.1	94.21	93.52	93.75	93.13	92.12
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	95.57	96.22	95.54	95.99	95.04	94.57
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	81.07	79.01	78.79	76.88	79.38	77.00
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	537,375	1,027,161	930,880	366,142	425,800	554,011
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	5,787,444	9,429,779	12,613,872	5,245,075	5,137,198	7,676,584
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in					23,000	56,834
194D		Amounts - Net Revenues per AFIR	5,787,444	9,429,779	12,613,872	5,245,075	5,114,198	7,619,750
		Calculated amount	5,787,444	9,429,779	12,613,872	5,245,075	5,114,198	7,619,750
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	6,467,974	9,310,589	12,060,487	5,076,308	6,274,552	6,922,958
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out					23,000	56,834
195D		Amounts Net Expenditures per AFIR	6,467,974	9,310,589	12,060,487	5,076,308	6,251,552	6,866,124
		Calculated amount	6,467,974	9,310,589	12,060,487	5,076,308	6,251,552	6,866,124
		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	12/07/2009	03/23/2009	07/07/2008
953		Person to Contact	ARLENE TALTON
954		Title of Person to Contact	FINANCE OFFICER
955		Telephone Number	1-919-658-9537
956		Facsimile Number	1-919-658-5257

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

	2009	2008	2007	2006	2005	2004

Population	4,578	4,587	4,594	4,610	4,593	4,600
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	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	0	27	0	14	6	9
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	71.48%	#DIV/0!	135.40%	131.80%	154.69%
State Weighted Average	287.00%	89.94%	84.21%	104.54%	119.75%	338.51%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	28.52%	#DIV/0!	-35.40%	-31.80%	-54.69%
State Weighted Average	-187.00%	10.06%	15.79%	-4.54%	-19.75%	-238.51%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	4.51%	#DIV/0!	-2.87%	-57.18%	24.81%
State Weighted Average	0.00%	-0.70%	-0.66%	-1.84%	-2.09%	5.70%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	296.26%	#DIV/0!	577.57%	1261.79%	829.88%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	0.42	0.88	4.70	0.10	0.33	0.36
Group Weighted Average	3.20	3.12	3.26	3.67	3.54	4.02
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	#DIV/0!	54.1	#DIV/0!	60.6	119.9	110.9
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-5.2	-334.0	-25.4	-158.6	-68.6	-170.4
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$319,565	350,302	-330,175	361,943	381,950	620,617

Debt to Equity	0.71	0.00	0.00	0.00	0.00	1.13
Group Weighted Average	0.49	0.49	#DIV/0!	0.96	0.56	1.19
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	1,770	0	1,778	0	1,014	1,047
Group Weighted Average	31	86	84	165	92	107
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$299,968	0	0	0	82,927	2,571,337

	2003	2002	2001	2000
	$166,392	426,833	18,846	178,249

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


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	354	340,488	27,311	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	2,902	8,251	25,672	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	270	261,788	2,425	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	601	475,133	1,235	NA	NA	NA

Ratio of Water Billed to Water Processed	0.76331	0.76886	0.08879	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.20708	57.58490	0.04811	NA	NA	NA

Total Revenue from Water Sales	907,135	625,841	52,140	NA	NA	NA
Total Revenue from Sewage Sales	1,061,798	974,560	79,900	NA	NA	NA

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

Group Average Sales per thousand Gallons Water	$40.43905	$1,510.62899	$1,842.80047	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$34.24740	$1,202.09823	$1,724.69791	NA	NA	NA

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

Residential Water Sales per thousand Gallons	$4,982.86210	3.14105	25.74295	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$9,289.06231	8.72428	96.41352	NA	NA	NA

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

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

Financial Graphs and Comparisons

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

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Analysis of Available Fund Balance: General Fund

	2005	2006	2007	2008	2009
Unit's FBA %	1.77%	2.55%	6.79%	14.78%	3.83%
Group average FBA %	62.21%	62.32%	64.31%	65.07%	70.08%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	62.21%	36.34%	37.00%

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

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2005 2006 2007 2008 2009

Municipality 93.13% 93.75% 93.52% 94.21% 94.10%

Pop. Group 96.85% 96.72% 96.76% 96.72% 97.20%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

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

	2005	2006	2007	2008	2009
Municipality	93.13%	93.75%	93.52%	94.21%	94.10%
Pop. Group	96.85%	96.72%	96.76%	96.72%	97.20%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

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

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2005 2006 2007 2008 2009

Municipality 546 536 1,088 1,090 1,081

Pop. Group 162 162 149 152 158

Statewide 505 495 478 456 455

Municipal Population Group: 2,500 to 4,999

	2005	2006	2007	2008	2009
Municipality	546	536	1,088	1,090	1,081
Pop. Group	162	162	149	152	158
Statewide	505	495	478	456	455

Municipal Population Group: 2,500 to 4,999

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2005 2006 2007 2008 2009

Property Tax $251 254 261 266 276

Utility 324 392 336 365 427

Sales Tax 134 128 127 124 113

Sales & Services 81 125 136 175 140

Intergovernmental 263 184 945 872 243

Debt Proceeds 39 25 0 106 0

Other Miscellaneous 21 30 941 148 65

Total $1,113 1,138 2,746 2,056 1,264

	2005	2006	2007	2008	2009
Property Tax	$251	254	261	266	276
Utility	324	392	336	365	427
Sales Tax	134	128	127	124	113
Sales & Services	81	125	136	175	140
Intergovernmental	263	184	945	872	243
Debt Proceeds	39	25	0	106	0
Other Miscellaneous	21	30	941	148	65
Total	$1,113	1,138	2,746	2,056	1,264

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2009
2009

Category Revenue
Per Capita

Property Tax $1,264,434
$276

Water/Sewer 1,954,858
427

Electric 0
0

Other Utilities 0
0

Sales Tax 518,434
113

Sales & Services 642,270
140

Intergovernment 1,111,683
243

Debt Proceeds 0
0

Miscellaneous 295,765
65

Total $5,787,444
$1,264

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

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2009
2009

Category Expenditures
Per Capita

General Government $1,491,219
$326

Water/Sewer 2,057,121
449

Electric 0
0

Other Utilities 0
0

Debt Service 489,867
107

Transportation 374,501
82

Public Safety 1,223,847
267

Other 831,419
182

Total $6,467,974
$1,413

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

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $2,117,302
$462

Water/Sewer Capital 299,968
66

Electric Capital 0
0

Other Capital 172,609
38

Other Operating 3,878,095
848

Total $6,467,974
$1,413

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

Last Updated 6/11/2010 10:08:38 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$1,264,434	$276
Water/Sewer	1,954,858	427
Electric	0	0
Other Utilities	0	0
Sales Tax	518,434	113
Sales & Services	642,270	140
Intergovernment	1,111,683	243
Debt Proceeds	0	0
Miscellaneous	295,765	65
Total	$5,787,444	$1,264

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