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

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 Cabarrus 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			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$654,737	532,821	532,983	530,185	487,593	424,914
		Utility	1,046,659	999,059	999,205	1,017,791	923,518	866,671
		Sales Tax	170,196	197,758	199,435	188,592	171,187	163,758
		Sales & Services	333,504	278,975	264,074	230,038	217,384	175,010
		Intergovernmental	185,891	185,289	150,924	498,185	167,049	120,381
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	66,986	84,189	562,902	49,464	49,507	1,784,282
		Total	$2,457,973	2,278,091	2,709,523	2,514,255	2,016,238	3,535,016

	Expenditures by Function
		Utility	$666,328	604,808	595,289	619,413	598,768	1,937,703
		Debt Service	361,902	462,011	357,167	392,121	311,860	271,396
		Transportation	83,615	68,238	147,239	84,401	386,594	170,480
		General Government	403,606	332,993	346,513	317,673	256,931	230,486
		Public Safety	425,132	401,544	833,673	690,213	277,352	507,337
		Other	192,152	155,587	125,497	103,721	89,650	106,425
		Total	$2,132,735	2,025,181	2,405,378	2,207,542	1,921,155	3,223,827

	Expenditures by Object
		Salaries & Wages	$509,591	353,664	273,537	207,880	217,604	169,344
		Capital Outlay	37,351	91,886	569,089	481,720	163,151	1,780,980
		Other Operating + Debt Service	1,585,793	1,579,631	1,562,752	1,517,942	1,540,400	1,273,503
		Total	$2,132,735	2,025,181	2,405,378	2,207,542	1,921,155	3,223,827


	Per Capita Revenues by Source
		Property Tax	$423	352	364	374	352	313
		Utility	676	660	682	718	666	639
		Sales Tax	111	131	135	133	123	121
		Sales & Services	215	184	180	162	157	129
		Intergovernmental	120	122	103	352	121	89
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	43	56	384	35	36	1,316
		Total	$1,588	1,505	1,848	1,774	1,455	2,607

	Per Capita Expenditures by Function
		Utility	$430	399	406	437	432	1,429
		Debt Service	234	305	244	277	225	200
		Transportation	54	45	100	60	279	126
		General Government	261	221	236	224	185	170
		Public Safety	275	265	569	487	200	374
		Other	124	103	86	73	65	78
		Total	$1,378	1,338	1,641	1,558	1,386	2,377

	Per Capita Expenditures by Object
		Salaries & Wages	$329	234	187	147	157	125
		Capital Outlay	24	61	388	340	118	1,313
		Other Operating	1,025	1,043	1,066	1,071	1,111	939
		Total	$1,378	1,338	1,641	1,558	1,386	2,377

	Population Group		No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Number of Municipalites in Group	100	101	101	103	102	106
		Average Population In Group	1,652	1,661	1,642	1,638	1,648	1,644
		Town of Mount Pleasant Population	1,548	1,514	1,466	1,417	1,386	1,356
	Group Average Per Capita Revenues by Source
		Property Tax	399	406	369	348	331	319
		Utility	405	415	423	391	374	340
		Sales Tax	169	199	195	179	172	157
		Sales & Services	79	82	76	72	71	64
		Intergovernmental	226	222	221	246	220	257
		Debt Proceeds	71	129	69	170	89	82
		Other Miscellaneous	138	192	196	160	125	137
		Total	1,487	1,645	1,549	1,566	1,382	1,356

	Group Average Per Capita Expenditures by Function
		Utility	504	572	461	487	425	445
		Debt Service	147	126	110	108	107	86
		Transportation	139	140	142	131	132	139
		General Government	204	265	201	221	193	174
		Public Safety	331	384	346	326	294	315
		Other	190	203	206	206	170	159
		Total	1,515	1,690	1,466	1,479	1,321	1,318

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	453	450	427	402	397	376
		Capital Outlay	287	483	305	373	283	317
		Other Operating	775	757	734	704	641	625
		Total	1,515	1,690	1,466	1,479	1,321	1,318


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$1,369,573	1,245,928	1,180,228	1,487,684	1,085,318	910,540
	General Fund expenditures		1,241,339	1,191,240	1,559,377	1,333,888	1,148,406	1,230,747
	Operating transfers in		23,050	28,960	28,950	-	-	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	-	514,104	-	-	-
	Other items		28,837	-	-	-	-	371,000
	Excess of revenues and other sources over (under) expenditures and other uses		180,121	83,648	163,905	153,796	(63,088)	50,793

	Fund balance available (FBA):
		In dollars	$970,763	883,687	754,942	607,496	454,096	557,567
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	78.20	74.18	72.22	45.54	39.54	45.30
		Group weighted average FBA %	65.92	62.44	65.48	64.58	69.64	70.93
		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

	Combined financial results:
		Working capital	$1,452,759	1,220,829	1,028,708	892,212	747,575	812,137
		Quick ratio	5.95	6.22	4.82	4.39	3.97	5.32
		Net income	476,464	253,067	236,305	239,747	202,083	322,599
		Cashflow from operations	414,002	401,335	399,098	394,794	380,322	351,826
		Depreciation & Amortization Expense	79,347	79,347	80,347	80,347	71,406	34,782



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

		Population at July 1st of the Previous Year	1,548	1,514	1,466	1,417	1,386	1,356
		Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$2,725,184	2,280,842	1,990,012	1,718,981	1,493,413	1,520,472
		Investment Earnings	20,632	52,131	24,017	11,380	11,581	7,434
		Tax Rate Equivalent	0.0138	0.0434	0.0202	0.0096	0.0103	0.0075
		Tax Rate Equivalent Group weighted average	0.0130	0.0261	0.0409	0.0283	0.0164	0.0094
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2004	2004	2004	2004	1999
		January 1, Prior Year Assessed Valuation	$149,482,095	120,023,859	118,753,091	118,248,842	112,304,352	98,482,423
		Tax Rate	0.4400	0.4400	0.4400	0.4400	0.4200	0.4200
		Tax Rate Group weighted average	0.2983	0.2860	0.3424	0.3297	0.3306	0.3386
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	100.00	89.93	96.03	98.33	100.00	89.45
		Assessment -to-Sales Ratio Group weighted average	86.77	88.94	79.96	85.71	86.82	87.25
		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	$149,482,095	133,463,648	123,662,492	120,257,136	112,304,352	110,097,734
		EffectiveTax Rate	0.4400	0.3957	0.4225	0.4327	0.4200	0.3757
		Group weighted average Effective Tax Rate	0.2589	0.2544	0.2737	0.2826	0.2870	0.2954
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	98.52	98.26	98.10	98.16	97.86	97.48
		Percent Collected Group weighted average	96.68	96.86	97.18	96.94	96.84	96.44
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	98.96	99.09	99.05	99.27	98.48	98.42
		Percent Collected Excluding Motor Vehicles Group weighted average	96.67	97.78	98.01	97.76	97.85	97.87
		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	93.80	91.37	90.07	89.19	92.10	90.34
		Percent Collected Motor Vehicles Only Group weighted average	84.59	85.16	86.07	85.54	86.22	84.36
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	3,535	9,231	10,093	9,716	10,373	10,462
		Tax Rate Equivalent	0.0024	0.0077	0.0085	0.0082	0.0092	0.0106
		Dominant County: Cabarrus
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	50,100	95,500	136,600	173,800
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	50,100	95,500	136,600	173,800
		Per Capita	$0	0	34	67	99	128
		Total Per Capita for the Population Group	265	277	294	297	306	297
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0405%	0.0794%	0.1216%	0.1579%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1750%	0.1852%	0.2336%	0.2606%	0.2847%	0.2930%
		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

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	676,667	44,729	98,713	149,941	198,555	198,555
		Total*	$676,667	44,729	98,713	149,941	198,555	198,555
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$1,096,415	1,169,509	1,242,603	1,315,697	1,388,792	1,461,886


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		1,548	1,514	1,466	1,417	1,386	1,356

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	3,717,210	3,152,426	3,181,711	2,635,056	2,554,546	2,491,185
1.5B	FISCAL	Governmental Activities Liabilities	820,078	564,696	742,683	324,575	524,980	569,090
3.5A	SUMMARY	Business Type Activities Assets	5,318,208	4,597,749	4,520,984	4,464,991	4,391,134	3,178,221
3.5B		Business Type Activities Liabilties	2,445,672	2,201,677	2,377,979	2,558,291	2,724,182	1,713,350
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	644,161	520,712	521,460	517,799	473,476	404,080
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	5,956	9,807	9,034	9,667	11,328	16,152
13		Penalties and interest	4,620	2,302	2,489	2,719	2,789	4,682
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax	705
16		1% Local government sales and use tax	86,340	87,397	88,435	83,941	80,997	75,513
17		1/2% Local government sales and use taxes (Article 40)	32,395	37,147	37,233	34,927	29,421	29,803
18		1/2% Local government sales and use taxes (Article 42)	31,929	36,701	36,789	34,563	29,098	29,408
18.5		1/2% Local government sales and use taxes (Article 44)	19,532	36,513	36,978	35,161	31,671	29,034
19		Licenses Privilege						2,008
19.1		Privilege - Occupational & business licensing & permit taxes	2,368	1,749	975	1,333	5,556
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	2,026	2,548	14,176	17,378	22,030	16,439
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				366,799
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
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
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	96,511	90,359	79,208	75,425	71,440	69,763
45		Beer and Wine tax	6,799	6,753	6,403	6,122	6,002	5,708
46		Powell Bill	49,044	53,841	47,273	47,227	46,928	42,015
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees
51		General Government
52		Public safety	3,537	3,336	3,040	2,612	2,679	2,895
53		Transportation - Streets
54		Transportation - All other					40,000
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety	30,000	31,000	15,000
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	16,050	14,920	15,050	14,700	13,700	5,800
76		Airport
77		Fire protection charges	298,125	248,851	234,483	200,536	187,322	152,874
78		Solid waste	19,329	15,204	14,541	14,802	16,362	16,336
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services
86	UTILITY	Water and sewer charges	1,046,659	999,059	999,205	1,017,791	923,518	866,671
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	20,632	52,131	24,017	11,380	11,581	7,434
91		Special assessments
92		Private contribution and donations
93		Sales of materials and fixed assets						116,000
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution
98		Other miscellaneous revenues	13,123	27,761	9,630	19,373	10,340	5,134
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases
101		Other	28,837		514,104			1,637,267
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
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	21,700	20,500	13,200	13,400	13,100	13,200
109B	GENERAL	Governing body - All other Direct	2,150	7,419	3,192	5,867	3,134	1,647
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	79,940	58,141	35,383	56,528	56,178	49,554
110B		Administration - All other Direct	187,939	165,579	207,053	206,595	165,214	152,110
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures	19,045		13,881	6,000
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	14,000	10,000	9,500	7,400	7,400	7,400
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct	9,822	7,992	7,923	7,942
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct	18,911	17,263	7,750	13,941	11,905	6,575
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries	25,517	20,541	33,038
115B		Public Buildings - All other Direct	13,037	9,169	15,251
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures	11,545	16,389	342
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
119B	SAFETY	Police and Communications - All other Direct	134,414	126,101	122,477	121,371	128,693	114,857
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	1,635		8,930	24,123	24,226
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	163,504	108,815	56,603
122B		Fire - All other Direct	120,959	120,204	130,288	116,941	94,031	146,701
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures	4,620	46,424	515,375	427,778	30,402	245,779
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures
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	28,828	1,349	29,890	24,242	49,285	26,159
128B		Streets and Highways - All other Direct	29,584	18,424	29,500	26,624	102,370	38,634
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures			4,500	23,819	108,523	77,045
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
130B		State Street Aid Allocation - Powell Bill - All other Direct	25,203	48,465	83,349	9,716	126,416	28,642
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
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
134B		Airport - All other Direct
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	58,154	50,651	29,529	32,427	15,591	14,018
136B	MENTAL	Solid Waste - All other Direct	76,660	67,008	70,144	63,094	65,358	88,012
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures	506	1,457	590
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
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries	7,900	4,600	3,712
140B	& PHYSICAL	Planning and Zoning - All other Direct	22,171	352	284
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	5,000	5,000	5,000
141C		Economic Development - Construction
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
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
153B	RECREATION	Recreation and Parks - All other Direct						1,500
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures
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	21,761	26,519	16,238	8,200	8,701	2,895
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	124,048	89,067	72,182	81,283	83,450	66,413
158B		Water and Sewer - All other Direct	542,280	488,125	497,636	538,130	515,318	413,134
158C		Water and Sewer - Construction						1,415,200
158D		Water and Sewer - Land, Equipment, and Existing Structures		27,616	25,471			42,956
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	69,678	64,976	73,256	81,084	63,687	21,777
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	155,390	182,157	177,456	173,157	110,294	33,600
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	25,519	31,365	9,558	16,317	21,479	22,912
166D		All Other - Debt Service Principal Payments	111,315	183,513	96,897	121,563	116,400	193,107
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)
172B		Fringe Benefits Other - (B)
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	598,423	473,138	475,621	469,117	436,807	366,170
180	OTHER	Current Year Levy Motor Vehicles Only	55,392	56,805	55,932	58,398	47,042	48,372
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	6,218	4,327	4,540	3,402	6,655	5,790
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	3,436	4,904	5,553	6,314	3,718	4,672
183		Percentage of Taxes Collected - Current Year All Property	98.52	98.26	98.10	98.16	97.86	97.48
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	98.96	99.09	99.05	99.27	98.48	98.42
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	93.8	91.37	90.07	89.19	92.10	90.34
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	2,725,184	2,280,842	1,990,012	1,718,981	1,493,413	1,520,472
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	2,458,678	2,278,091	2,709,523	2,514,255	2,016,238	3,535,016
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in
194D		Amounts - Net Revenues per AFIR	2,458,678	2,278,091	2,709,523	2,514,255	2,016,238	3,535,016
		Calculated amount	2,458,678	2,278,091	2,709,523	2,514,255	2,016,238	3,535,016
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	2,132,735	2,025,181	2,405,378	2,207,542	1,921,155	3,223,827
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out
195D		Amounts Net Expenditures per AFIR	2,132,735	2,025,181	2,405,378	2,207,542	1,921,155	3,223,827
		Calculated amount	2,132,735	2,025,181	2,405,378	2,207,542	1,921,155	3,223,827
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Cathy Whittington
951		Title of Official	Town Clerk
952		Date Certified	11/04/2009	04/28/2009	11/20/2007
953		Person to Contact	Cathy Whittington
954		Title of Person to Contact	Town Clerk
955		Telephone Number	704-436-9803
956		Facsimile Number	704-436-2921

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

	2009	2008	2007	2006	2005	2004

Population	1,548	1,514	1,466	1,417	1,386	1,356
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
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	75	3	32	8	0
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!	98.01%	139.02%	116.33%	209.74%	298.37%
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!	1.99%	-39.02%	-16.33%	-109.74%	-198.37%
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!	0.43%	-118.05%	2.69%	0.00%	34.58%
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!	153.87%	3582.80%	394.35%	1307.56%	44686.13%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	5.95	6.22	4.82	4.39	3.97	5.32
Group Weighted Average	3.11	2.84	3.25	3.58	3.48	4.12
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!	39.3	#DIV/0!	25.2	72.0	42.6
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	-34.4	-914.3	-151.5	-72.9	-18.2	-46.6
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$414,002	401,335	399,098	394,794	380,322	351,826

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	1.85	0.48	11.68	2.57	0.33	0.25
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	0	0	1,745	0	0
Group Weighted Average	30	299	213	244	107	61
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$0	27,616	25,471	0	0	1,458,156

	2003	2002	2001	2000
	$175,632	67,576	0	0

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


Operating Statistics

Estimated population of the areas served Water	0	0	1,081	NA	NA	NA
Estimated population of the areas served Sewer	0	0	1,081	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	81	80,544	85,248	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	68	56,559	59,934	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	62	73,145	85,248	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	45	54,784	59,934	NA	NA	NA

Ratio of Water Billed to Water Processed	0.76552	0.90814	1.00000	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.66721	0.96862	1.00000	NA	NA	NA

Total Revenue from Water Sales	530,990	644,719	592,573	NA	NA	NA
Total Revenue from Sewage Sales	360,236	417,042	367,511	NA	NA	NA

Water Revenue per 1000 gallons of Sales			548.17114	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			339.97317	NA	NA	NA

Group Average Sales per thousand Gallons Water	$27.87923	$1,769.81984	$14,046.04813	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$29.30419	$799.17941	$6,255.74662	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	$8,610.67166	8.81423	6.94764	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$7,972.19147	7.61237	6.13185	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits			6.94749	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits			6.13191	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

Go to top of page

Analysis of Available Fund Balance: General Fund

	2005	2006	2007	2008	2009
Unit's FBA %	39.54%	45.54%	72.22%	74.18%	78.20%
Group average FBA %	69.64%	64.58%	65.48%	62.44%	65.92%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	69.64%	36.34%	37.00%

Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page

2005 2006 2007 2008 2009

Municipality 97.86% 98.16% 98.10% 98.26% 98.52%

Pop. Group 96.84% 96.94% 97.18% 96.86% 96.68%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

Municipal Population Group: No Electric 1,000 to 2,499

	2005	2006	2007	2008	2009
Municipality	97.86%	98.16%	98.10%	98.26%	98.52%
Pop. Group	96.84%	96.94%	97.18%	96.86%	96.68%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page

2005 2006 2007 2008 2009

Municipality 99 67 34 0 0

Pop. Group 306 297 294 277 265

Statewide 505 495 478 456 455

Municipal Population Group: 1,000 to 2,499

	2005	2006	2007	2008	2009
Municipality	99	67	34	0	0
Pop. Group	306	297	294	277	265
Statewide	505	495	478	456	455

Municipal Population Group: 1,000 to 2,499

Go to top of page

2005 2006 2007 2008 2009

Property Tax $352 374 364 352 423

Utility 666 718 682 660 676

Sales Tax 123 133 135 131 111

Sales & Services 157 162 180 184 215

Intergovernmental 121 352 103 122 120

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 36 35 384 56 43

Total $1,455 1,774 1,848 1,505 1,588

	2005	2006	2007	2008	2009
Property Tax	$352	374	364	352	423
Utility	666	718	682	660	676
Sales Tax	123	133	135	131	111
Sales & Services	157	162	180	184	215
Intergovernmental	121	352	103	122	120
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	36	35	384	56	43
Total	$1,455	1,774	1,848	1,505	1,588

Go to top of page

2009
2009

Category Revenue
Per Capita

Property Tax $654,737
$423

Water/Sewer 1,046,659
676

Electric 0
0

Other Utilities 0
0

Sales Tax 170,196
111

Sales & Services 333,504
215

Intergovernment 185,891
120

Debt Proceeds 0
0

Miscellaneous 66,986
43

Total $2,457,973
$1,588

Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page

2009
2009

Category Expenditures
Per Capita

General Government $403,606
$261

Water/Sewer 666,328
430

Electric 0
0

Other Utilities 0
0

Debt Service 361,902
234

Transportation 83,615
54

Public Safety 425,132
275

Other 192,152
124

Total $2,132,735
$1,378

Municipal Population Group: No Electric 1,000 to 2,499

Go to top of page

2009
2009

Category Expenditures
Per Capita

Salaries & Wages $509,591
$329

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 37,351
24

Other Operating 1,585,793
1,025

Total $2,132,735
$1,378

Municipal Population Group: No Electric 1,000 to 2,499

Last Updated 6/11/2010 10:09:06 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$654,737	$423
Water/Sewer	1,046,659	676
Electric	0	0
Other Utilities	0	0
Sales Tax	170,196	111
Sales & Services	333,504	215
Intergovernment	185,891	120
Debt Proceeds	0	0
Miscellaneous	66,986	43
Total	$2,457,973	$1,588

Municipal Population Group: No Electric 1,000 to 2,499

North CarolinaDepartment of State TreasurerFinancial InformationTown of Mount Pleasant

Financial Graphs and Comparisons

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