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			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$687,381	628,376	654,737	532,821	532,983	530,185
		Utility	1,044,822	1,052,666	1,046,659	999,059	999,205	1,017,791
		Sales Tax	163,709	164,880	170,196	197,758	199,435	188,592
		Sales & Services	322,708	320,399	333,504	278,975	264,074	230,038
		Intergovernmental	459,992	209,891	185,891	185,289	150,924	498,185
		Debt Proceeds	7,109	13,983	13,123	27,761	9,630	19,373
		Other Miscellaneous	25,600	26,723	25,026	56,428	39,168	30,091
		Total	$2,711,321	2,416,918	2,429,136	2,278,091	2,195,419	2,514,255

	Expenditures by Function
		Utility	$940,670	907,838	666,328	604,808	595,289	619,413
		Debt Service	340,023	345,332	361,902	462,011	357,167	392,121
		Transportation	269,077	104,189	83,615	68,238	147,239	84,401
		General Government	296,910	449,042	403,606	332,993	346,513	317,673
		Public Safety	971,007	498,633	425,132	401,544	833,673	690,213
		Other	161,842	220,104	192,152	155,587	125,497	103,721
		Total	$2,979,529	2,525,138	2,132,735	2,025,181	2,405,378	2,207,542

	Expenditures by Object
		Salaries & Wages	$506,541	510,455	509,591	353,664	273,537	207,880
		Capital Outlay	771,670	92,120	37,351	91,886	569,089	481,720
		Other Operating + Debt Service	1,701,318	1,922,563	1,585,793	1,579,631	1,562,752	1,517,942
		Total	$2,979,529	2,525,138	2,132,735	2,025,181	2,405,378	2,207,542


	Per Capita Revenues by Source
		Property Tax	$414	385	423	352	364	374
		Utility	629	645	676	660	682	718
		Sales Tax	99	101	111	132	135	133
		Sales & Services	194	196	215	184	180	162
		Intergovernmental	277	129	120	122	103	352
		Debt Proceeds	4	9	8	18	7	14
		Other Miscellaneous	15	16	16	37	27	21
		Total	$1,632	1,481	1,569	1,505	1,498	1,774

	Per Capita Expenditures by Function
		Utility	$566	556	430	399	406	437
		Debt Service	205	212	234	305	244	277
		Transportation	162	64	54	45	100	60
		General Government	179	274	261	221	236	224
		Public Safety	585	306	275	265	569	487
		Other	97	135	124	103	86	73
		Total	$1,794	1,547	1,378	1,338	1,641	1,558

	Per Capita Expenditures by Object
		Salaries & Wages	$305	313	329	234	187	147
		Capital Outlay	465	56	24	61	388	340
		Other Operating	1,024	1,178	1,025	1,043	1,066	1,071
		Total	$1,794	1,547	1,378	1,338	1,641	1,558

	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	102	96	100	101	101	103
		Average Population In Group	1,623	1,660	1,652	1,661	1,642	1,638
		Town of Mount Pleasant Population	1,661	1,632	1,548	1,514	1,466	1,417
	Group Average Per Capita Revenues by Source
		Property Tax	433	414	422	406	369	348
		Utility	472	435	436	423	430	399
		Sales Tax	154	153	178	201	195	180
		Sales & Services	103	82	76	80	77	71
		Intergovernmental	274	233	228	217	220	243
		Debt Proceeds	36	39	33	46	38	46
		Other Miscellaneous	100	129	162	261	203	273
		Total	1,572	1,485	1,535	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	465	499	531	572	461	487
		Debt Service	139	130	154	126	110	108
		Transportation	148	142	148	140	142	131
		General Government	239	204	216	265	201	222
		Public Safety	391	348	350	384	346	326
		Other	197	177	201	203	206	205
		Total	1,579	1,500	1,600	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	527	465	480	450	427	402
		Capital Outlay	244	258	302	483	305	373
		Other Operating	808	777	818	757	733	704
		Total	1,579	1,500	1,600	1,690	1,465	1,479


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$1,507,887	1,358,914	1,369,573	1,245,928	1,180,228	1,487,684
	General Fund expenditures		1,681,201	1,396,643	1,241,339	1,191,240	1,559,377	1,333,888
	Operating transfers in		2,218	-	23,050	28,960	28,950	-
	Operating transfers out		-	18,758	-	-	-	-
	Capital leases and installment purchase proceeds		-	-	-	-	514,104	-
	Other items		23,753	9,930	28,837	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(147,343)	(46,557)	180,121	83,648	163,905	153,796

	Fund balance available (FBA):
		In dollars	$853,322	1,034,864	970,763	883,687	754,942	607,496
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	50.76	73.11	78.20	74.18	72.22	45.54
		Group weighted average FBA %	73.24	66.79	66.05	62.44	65.48	64.58
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$874,485	985,235	1,452,759	1,220,829	1,028,708	892,212
		Quick ratio	2.94	3.14	5.95	6.22	4.82	4.39
		Net income	149,647	32,552	476,464	253,067	236,305	239,747
		Cashflow from operations	263,324	357,490	414,002	401,335	399,098	394,794
		Depreciation & Amortization Expense	94,993	91,935	79,347	79,347	80,347	80,347



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

		Population at July 1st of the Previous Year	1,661	1,632	1,548	1,514	1,466	1,417
		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	$2,115,124	$2,425,906	$2,725,184	$2,280,842	$1,990,012	$1,718,981
		Investment Earnings	1,540	8,131	20,632	52,131	24,017	11,380
		Tax Rate Equivalent	0.0010	0.0054	0.0138	0.0434	0.0202	0.0096
		Tax Rate Equivalent Group weighted average	0.0031	0.0045	0.0131	0.0261	0.0409	0.0283
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2008	2008	2008	2004	2004	2004
		January 1, Prior Year Assessed Valuation	$147,193,634	149,267,801	149,482,095	120,023,859	118,753,091	118,248,842
		Tax Rate	0.4400	0.4400	0.4400	0.4400	0.4400	0.4400
		Tax Rate Group weighted average	0.2777	0.2970	0.2983	0.2860	0.3424	0.3297
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	107.11	103.62	100.00	89.93	96.03	98.33
		Assessment -to-Sales Ratio Group weighted average	100.82	97.69	86.77	88.94	79.96	85.71
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$137,422,868	144,053,080	149,482,095	133,463,648	123,662,492	120,257,136
		EffectiveTax Rate	0.4713	0.4559	0.4400	0.3957	0.4225	0.4327
		Group weighted average Effective Tax Rate	0.2800	0.2901	0.2589	0.2544	0.2737	0.2826
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	97.9200	94.0700	98.5200	98.2600	98.1000	98.1600
		Percent Collected Group weighted average	96.53	95.37	95.99	96.86	97.18	96.94
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	98.55	94.45	98.96	99.09	99.05	99.27
		Percent Collected Excluding Motor Vehicles Group weighted average	97.18	95.99	96.67	97.78	98.01	97.76
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	90.49	89.58	93.80	91.37	90.07	89.19
		Percent Collected Motor Vehicles Only Group weighted average	84.33	85.45	84.60	85.16	86.07	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	60,031	85,528	61,610	61,132	60,472	61,800
		Tax Rate Equivalent	0.0408	0.0573	0.0412	0.0509	0.0509	0.0523
		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	0	0	50,100	95,500
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	50,100	95,500
		Per Capita	$0	0	0	0	34	67
		Total Per Capita for the Population Group	236	256	265	277	294	297
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0405%	0.0794%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1642%	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	583,333	630,000	676,667	44,729	98,713	149,941
		Total*	$583,333	630,000	676,667	44,729	98,713	149,941
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$950,226	1,023,320	1,096,415	1,169,509	1,242,603	1,315,697


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		1,661	1,632	1,548	1,514	1,466	1,417

1.5A	FISCAL	Governmental Activities Assets	3,790,890	3,555,122	3,717,210	3,152,426	3,181,711	2,635,056
1.5B	SUMMARY	Governmental Activities Liabilities	634,421	720,633	820,078	564,696	742,683	324,575
3.5A		Business Type Activities Assets	5,346,936	5,362,270	5,318,208	4,597,749	4,520,984	4,464,991
3.5B		Business Type Activities Liabilties	2,292,201	2,457,182	2,445,672	2,201,677	2,377,979	2,558,291
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	642,098	619,853	644,161	520,712	521,460	517,799
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	38,274	3,726	5,956	9,807	9,034	9,667
13.0		Penalties and Interest	7,009	4,797	4,620	2,302	2,489	2,719
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	1,107	1,088	705
16.0		1% Local Government Option Sales Tax	71,608	95,187	86,340	87,397	88,435	83,941
17.0		1/2% Local Government Option Sales Tax (40)	31,740	31,131	32,395	37,147	37,233	34,927
18.0		1/2% Local Government Option Sales Tax (42)	36,120	35,808	31,929	36,701	36,789	34,563
18.5		1/2% Local Government Option Sales Tax (44)	24,241	2,754	19,532	36,513	36,978	35,161
19.0		Privilege Licenses			2,368	1,749	975	1,333
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	2,210	2,442	2,026	2,548	14,176	17,378
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
30.0		Public Safety	117,350	25,613				366,799
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	103,721	102,808	96,511	90,359	79,208	75,425
45.0		Beer and Wine Tax	7,193	2,276	6,799	6,753	6,403	6,122
46.0		Powell Bill	45,563	44,924	49,044	53,841	47,273	47,227
50.0		Court Fees - Facilities and Arrest Fees
51.0		General Government
52.0		Public Safety	11,574	4,270	3,537	3,336	3,040	2,612
53.0		Transportation - Streets
54.0		Transportation - All Other	143,630
55.0		Environmental Protection
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety	30,961	30,000	30,000	31,000	15,000
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits	360	395
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	21,700	14,850	16,050	14,920	15,050	14,700
76.0		Airport
77.0		Fire Protection Charges	281,823	287,716	298,125	248,851	234,483	200,536
78.0		Solid Waste	18,825	17,438	19,329	15,204	14,541	14,802
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services
86.0	UTILITY	Water and Sewer Charges	1,044,822	1,052,666	1,046,659	999,059	999,205	1,017,791
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	1,540	8,131	20,632	52,131	24,017	11,380
91.0		Special Assessments
92.0		Private Contributions and Donations	6,342	15,630
93.0		Sales of Materials and Fixed Assets	15,508	520
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution
98.0		Other Miscellaneous Revenues	7,109	13,983	13,123	27,761	9,630	19,373
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases
101.0		Other	8,245	9,410	28,837		514,104
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	21,450	22,000	21,700	20,500	13,200	13,400
109B	GENERAL	Governing Body - Other Direct	3,422	3,701	2,150	7,419	3,192	5,867
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	69,665	83,122	79,940	58,141	35,383	56,528
110B		Administration - Other Direct	60,310	177,120	187,939	165,579	207,053	206,595
110C		Administration - Construction
110D		Administration - Purchase of P,P&E			19,045		13,881	6,000
111A		Elections - Salaries & Wages
111B		Elections - Other Direct		3,422
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct	16,000	16,000	14,000	10,000	9,500	7,400
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct	10,292	9,427	9,822	7,992	7,923	7,942
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct	15,028	12,756	18,911	17,263	7,750	13,941
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages	26,043	24,596	25,517	20,541	33,038
115B		Public Buildings - Other Direct	65,322	70,878	13,037	9,169	15,251
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E	9,378	26,020	11,545	16,389	342
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages
118B		Gen. Govt. All Other - Other Direct
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	137,972	135,522	134,414	126,101	122,477	121,371
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	21,943	21,878	1,635		8,930	24,123
120A		Emergency Communications - Salaries & Wages
120B		Emergency Communications - Other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating
120C		ETSF Expenditures - Capital Construction
120D		ETSF Expenditures - Capital Purchases
121A		Emergency Mgmt - Salaries & Wages
121B		Emergency Mgmt - Other Direct
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E
122A		Fire - Salaries & Wages	160,410	165,616	163,504	108,815	56,603
122B		Fire - Other Direct	260,264	175,617	120,959	120,204	130,288	116,941
122C		Fire - Construction
122D		Fire - Purchase of P,P&E	390,418		4,620	46,424	515,375	427,778
123A		Inspectors - Salaries & Wages
123B		Inspectors - Other Direct
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages
124B		Rescue Units - Other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E
125A		Animal Control - Salaries & Wages
125B		Animal Control - Other Direct
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E
126A		Pub. Safety All Other - Salaries & Wages
126B		Pub. Safety All Other - Other Direct
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages	26,936	24,513	28,828	1,349	29,890	24,242
128B		Streets and Highways - Other Direct	27,964	4,263	29,584	18,424	29,500	26,624
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E	147,318	5,999			4,500	23,819
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct	36,712	42,619	25,203	48,465	83,349	9,716
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages
135B		Transpor. All Other - Other Direct	30,147	26,795
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages	31,512	59,731	58,154	50,651	29,529	32,427
136B	MENTAL	Solid Waste - Other Direct	71,759	90,449	76,660	67,008	70,144	63,094
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E	2,613		506	1,457	590
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages	12,089	17,758	7,900	4,600	3,712
140B	& PHYSICAL	Planning & Zoning - Other Direct	21,670	24,721	22,171	352	284
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct	5,000	5,000	5,000	5,000	5,000
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages
153B	RECREATION	Recreation & Parks - Other Direct	2,605	8,870
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct	14,594	13,575	21,761	26,519	16,238	8,200
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	158,436	113,119	124,048	89,067	72,182	81,283
158B		Water & Sewer - Other Direct	582,234	756,496	542,280	488,125	497,636	538,130
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E	200,000	38,223		27,616	25,471
159A		Electric Power - Salaries & Wages
159B		Electric Power - Other Direct
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E
160A		Natural Gas - Salaries & Wages
160B		Natural Gas - Other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Purchase of P,P&E
161.1A		Storm Water - Salaries & Wages
161.1B		Storm Water - Other Direct
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees	60,856	65,267	69,678	64,976	73,256	81,084
161D	SERVICE	Water & Sewer - Principal	155,390	155,390	155,390	182,157	177,456	173,157
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees	27,279	31,491	25,519	31,365	9,558	16,317
166D		All Other - Principal	96,498	93,184	111,315	183,513	96,897	121,563
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	604,440.	607,137.00	598,423.00	473,138.00	475,621.00	469,117.00
180.0		Current year's levy -- Motor vehicles (only)	51,283.	51,823.00	55,392.00	56,805.00	55,932.00	58,398.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	8,748.	33,705.00	6,218.00	4,327.00	4,540.00	3,402.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	4,877	5,402	3,436	4,904	5,553	6,314
183.0	DATA	Percentage of Taxes Collected - All Property %	97.92	94.07	98.52	98.26	98.10	98.16
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	98.55	94.45	98.96	99.09	99.05	99.27
185.0		Percentage of Taxes Collected - Motor Vehicles %	90.49	89.58	93.80	91.37	90.07	89.19
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	2,115,124	2,425,906	2,725,184	2,280,842	1,990,012	1,718,981
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures Made During FY - B(1) - B(7)
191.0		Investment in Property - B(1) - B(4)
192.0		Amount Expended During FY - B(5) and B(7)
193.0		Amount of Tax Revenues Taken Into Account
194A	PART 9	Amount - Total Revenues	2,720,673	2,427,416	2,458,678	2,278,091	2,709,523	2,514,255
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues	2,720,673	2,427,416	2,458,678	2,278,091	2,709,523	2,514,255
		Calculated amount	2,720,673	2,427,416	2,458,678	2,278,091	2,709,523	2,514,255
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	2,979,529	2,525,138	2,132,735	2,025,181	2,405,378	2,207,542
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures	2,979,529	2,525,138	2,132,735	2,025,181	2,405,378	2,207,542
		Calculated amount	2,979,529	2,525,138	2,132,735	2,025,181	2,405,378	2,207,542
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					10,875
401B	Water /	Number of residential accounts billed Sewer					1,081
402A	Sewer	Amount processed and/or purchased in units Water	87	81	81	80,544	85,248
402B	Operations	Amount processed and/or purchased in units Sewer	63	72	68	56,559	59,934
403A		Total amount billed in units - Water	68	68	62	73,145	85,248
403B		Total amount billed in units - Sewer	50	50	45	54,784	59,934
404A		Of the total in 403A above how many units were Residential W	18	54	43	50,945	50,973
404B		Of the total in 403B above how many units were Residential S					23,292
405A		Of the total in 403 above, how many units were Outside Muni W					5,193
405B		Of the total in 403 above, how many units were Outside Muni S					10,875
406A		Of the total in 405A above how many units were Residential W					2,425
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	586,622	578,359	530,990	644,719	592,573
408A		Dollars related to 403A above	406,617	409,555	360,236	417,042	367,511
408B		Dollars related to 403B above	429,805	459,450	367,934	449,041	354,142
409A		Dollars related to 404A above	304,794	305,401	244,826	279,945	219,735
409B		Dollars related to 404B above					161,821
410A		Dollars related to 405A above					31,843
410B		Dollars related to 405B above					75,554
411A		Dollars related to 406A above					14,867
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	972	1,072	1,001	990
421A		Number of residential accounts billed - Water	770	818	796	788
421B		Number of residential accounts billed - Sewer	26	40	35	31
422A		Number of non-residential & bulk accounts billed - Water	17	32	27	23
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Cathy Whittington
951.0		Title	Town Clerk
952.0		Date	10/27/2011	10/28/2010	11/04/2009	04/28/2009	11/20/2007	11/30/2006
953.0		Contact	Cathy Whittington
954.0		Title	Town Clerk
955.0		Phone	704-436-9803
956.0		Fax	704-436-2921
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	1,661	1,632	1,548	1,514	1,466	1,417
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	1,052,666	1,046,659	999,059	999,205	1,017,791
Total Operating Revenues Per Capita	$0	645	676	660	682	718
Group Weighted Average Revenues Per Capita	34	289	290	290	274	263
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	91.50%	71.40%	68.68%	67.82%	68.95%
Group Weighted Average	99.05%	105.51%	106.51%	104.66%	105.75%	103.04%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	8.50%	28.60%	31.32%	32.18%	31.05%
Group Weighted Average	0.95%	-5.51%	-6.51%	-4.66%	-5.75%	-3.04%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	16.51%	10.42%	6.34%	4.91%	3.25%	3.52%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	17.20%	2.90%	2.90%	0.00%
Group Weighted Average	18.35%	1.61%	7.42%	1.88%	2.88%	15.74%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	3.09%	6.10%	25.33%	23.65%	23.56%
Group Weighted Average	-77.01%	11.11%	-26.45%	26.08%	15.63%	14.62%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	2.94	3.14	5.95	6.22	4.82	4.39
Group Weighted Average	3.96	3.33	3.09	2.80	3.18	3.56
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	39.8	43.0	39.6	39.7	37.8
Group Weighted Average	4.1	45.5	45.4	50.5	49.9	43.3
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	549.0	925.8	808.4	726.4	613.7
Group Weighted Average	-105.6	471.6	447.9	455.0	692.9	524.2
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$263,324	357,490	414,002	401,335	399,098	394,794

Debt to Equity	0.00	0.74	0.80	0.88	1.07	1.30
Group Weighted Average	0.27	0.24	0.26	0.29	0.27	0.28
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	1,319	1,491	1,396	1,566	1,745
Group Weighted Average	38	422	451	482	433	421
State Weighted Average	8	897	783	781	761	733

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

	2005	2004	2003	2002
	$0	1,458,156	175,632	67,576

Capital Contributions: Excluded from income above	$0	0	412,600	0	0	0


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	87	81	81	80,544	85,248	NA
Number of Gallons of Sewage Processed (000) omitted	63	72	68	56,559	59,934	NA

Number of Gallons of Water Billed (000) omitted	68	68	62	73,145	85,248	NA
Number of Gallons of Sewage Billed (000) omitted	50	50	45	54,784	59,934	NA

Ratio of Water Billed to Water Processed	0.78530	0.84377	0.76552	0.90814	1.00000	NA
Ratio of Sewage Billed to Sewage Processed	0.79333	0.70328	0.66721	0.96862	1.00000	NA

Total Revenue from Water Sales	586,622	578,359	530,990	644,719	592,573	NA
Total Revenue from Sewage Sales	406,617	409,555	360,236	417,042	367,511	NA

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

Group Average Sales per thousand Gallons Water	$0.00016	$58.68442	$27.87923	$1,769.81984	$14,046.04813	NA
Group Average Sales per thousand Gallons Sewage	$0.00023	$82.78241	$36.57171	$899.82774	$7,994.92601	NA

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

Residential Water Sales per thousand Gallons	$23,409.85839	8,469.12442	8,610.67166	8.81423	6.94764	NA
Residential Sewage Sales per thousand Gallons	$21,063.85625	7,355.51541	7,972.19147	7.61237	6.13185	NA

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

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

Financial Graphs and Comparisons

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

Go to top of page

Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	72.22%	74.18%	78.20%	73.11%	50.76%
Group average FBA %	65.48%	62.44%	66.05%	66.79%	73.24%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	65.48%	37.47%	29.01%

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

Go to top of page

2007 2008 2009 2010 2011

Municipality 98.10% 98.26% 98.52% 94.07% 97.92%

Pop. Group 97.18% 96.86% 95.99% 95.37% 96.53%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

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

	2007	2008	2009	2010	2011
Municipality	98.10%	98.26%	98.52%	94.07%	97.92%
Pop. Group	97.18%	96.86%	95.99%	95.37%	96.53%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

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

Go to top of page

2007 2008 2009 2010 2011

Municipality 34 0 0 0 0

Pop. Group 294 277 265 256 236

Statewide 478 456 455 449 450

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	34	0	0	0	0
Pop. Group	294	277	265	256	236
Statewide	478	456	455	449	450

Municipal Population Group: 1,000 to 2,499

Go to top of page

2007 2008 2009 2010 2011

Property Tax $364 352 423 385 414

Utility 682 660 676 645 629

Sales Tax 135 132 111 101 99

Sales & Services 180 184 215 196 194

Intergovernmental 103 122 120 129 277

Debt Proceeds 7 18 8 9 4

Other Miscellaneous 27 37 16 16 15

Total $1,498 1,505 1,569 1,481 1,632

	2007	2008	2009	2010	2011
Property Tax	$364	352	423	385	414
Utility	682	660	676	645	629
Sales Tax	135	132	111	101	99
Sales & Services	180	184	215	196	194
Intergovernmental	103	122	120	129	277
Debt Proceeds	7	18	8	9	4
Other Miscellaneous	27	37	16	16	15
Total	$1,498	1,505	1,569	1,481	1,632

Go to top of page

2011
2011

Category Revenue
Per Capita

Property Tax $687,381
$414

Water/Sewer 0
0

Electric 1,044,822
629

Other Utilities 0
0

Sales Tax 163,709
99

Sales & Services 322,708
194

Intergovernment 459,992
277

Debt Proceeds 7,109
4

Miscellaneous 25,600
15

Total $2,711,321
$1,632

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

Go to top of page

2011
2011

Category Expenditures
Per Capita

General Government $296,910
$179

Water/Sewer 14,594
9

Electric 940,670
566

Other Utilities -14,594
-9

Debt Service 340,023
205

Transportation 269,077
162

Public Safety 971,007
585

Other 161,842
97

Total $2,979,529
$1,794

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

Go to top of page

2011
2011

Category Expenditures
Per Capita

Salaries & Wages $506,541
$305

Water/Sewer Capital 0
0

Electric Capital 200,000
120

Other Capital 571,670
344

Other Operating 1,701,318
1,024

Total $2,979,529
$1,794

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

Last Updated 2/5/2012 2:21:29 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$687,381	$414
Water/Sewer	0	0
Electric	1,044,822	629
Other Utilities	0	0
Sales Tax	163,709	99
Sales & Services	322,708	194
Intergovernment	459,992	277
Debt Proceeds	7,109	4
Miscellaneous	25,600	15
Total	$2,711,321	$1,632

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