North Carolina
Department of State Treasurer
Financial Information
Town of Murphy

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			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$809,086	799,130	787,882	784,317	736,410	775,351
		Utility	1,265,397	1,190,589	1,210,381	1,360,450	1,327,735	1,134,299
		Sales Tax	286,716	302,094	-	437,345	453,172	420,837
		Sales & Services	247,082	260,187	10,725	299,100	298,357	281,877
		Intergovernmental	641,578	822,751	3,254,763	406,896	574,397	541,368
		Debt Proceeds	76,970	119,739	83,007	70,199	66,334	42,049
		Other Miscellaneous	527,354	532,352	1,161,666	516,781	494,741	431,458
		Total	$3,854,183	4,026,842	6,508,424	3,875,088	3,951,146	3,627,239

	Expenditures by Function
		Utility	$1,218,001	2,451,772	1,305,807	1,421,277	1,399,341	1,249,296
		Debt Service	188,606	153,628	327,481	98,708	246,215	251,628
		Transportation	266,559	241,367	530,568	356,572	167,336	140,460
		General Government	379,847	360,458	364,383	480,916	314,169	324,282
		Public Safety	718,380	899,497	699,098	808,848	1,330,436	2,424,602
		Other	739,003	720,512	3,372,539	802,955	842,339	786,411
		Total	$3,510,396	4,827,234	6,599,876	3,969,276	4,299,836	5,176,679

	Expenditures by Object
		Salaries & Wages	$1,888,167	1,806,134	1,765,902	1,156,318	1,177,206	1,246,114
		Capital Outlay	12,987	1,572,401	431,018	593,216	887,232	1,886,597
		Other Operating + Debt Service	1,609,242	1,448,699	4,402,956	2,219,742	2,235,398	2,043,968
		Total	$3,510,396	4,827,234	6,599,876	3,969,276	4,299,836	5,176,679


	Per Capita Revenues by Source
		Property Tax	$496	491	483	481	451	481
		Utility	775	732	742	834	814	703
		Sales Tax	177	185	(1)	267	277	261
		Sales & Services	151	160	7	183	183	175
		Intergovernmental	393	506	1,994	249	352	336
		Debt Proceeds	47	74	51	43	41	26
		Other Miscellaneous	323	327	712	317	303	267
		Total	$2,362	2,475	3,988	2,374	2,421	2,249

	Per Capita Expenditures by Function
		Utility	$746	1,507	800	871	857	775
		Debt Service	116	94	201	60	151	156
		Transportation	163	148	325	218	103	87
		General Government	233	222	223	295	193	200
		Public Safety	440	553	428	496	815	1,503
		Other	453	443	2,067	492	516	488
		Total	$2,151	2,967	4,044	2,432	2,635	3,209

	Per Capita Expenditures by Object
		Salaries & Wages	$1,157	1,110	1,082	709	721	773
		Capital Outlay	8	966	264	363	544	1,170
		Other Operating	986	891	2,698	1,360	1,370	1,266
		Total	$2,151	2,967	4,044	2,432	2,635	3,209

	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 Murphy Population	1,632	1,627	1,632	1,632	1,632	1,613
	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		$1,770,829	1,759,424	1,826,823	1,835,988	1,788,008	1,740,860
	General Fund expenditures		1,748,970	1,624,015	2,021,842	1,926,595	1,790,773	3,135,666
	Operating transfers in		99,600	99,598	2,489,696	99,598	-	82,390
	Operating transfers out		-	2,370,057	140,000	-	62,877	-
	Capital leases and installment purchase proceeds		-	-	206,639	-	-	-
	Other items		-	-	-	-	(28,951)	-
	Excess of revenues and other sources over (under) expenditures and other uses		121,459	(2,135,050)	2,361,316	8,991	(94,593)	(1,312,416)

	Fund balance available (FBA):
		In dollars	$0	2,816,834	4,952,497	2,449,900	2,384,573	2,392,858
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	70.53	253.30	127.16	128.64	76.31
		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, Housing, Capital Projects

	Combined financial results:
		Working capital	$2,038,931	2,685,640	472,525	24,524	185,085	348,332
		Quick ratio	13.52	4.96	2.53	1.06	0.89	1.84
		Net income	762,312	2,655,749	(166,316)	(143,318)	(220,739)	(341,078)
		Cashflow from operations	(362,633)	474,700	34,110	195,777	(2,139)	(73,951)
		Depreciation & Amortization Expense	440,240	406,672	433,876	449,703	442,669	422,628



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

		Population at July 1st of the Previous Year	1,632	1,627	1,632	1,632	1,632	1,613
		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	$5,191,103	$5,836,812	$5,820,486	$3,306,742	$3,167,309	$3,586,793
		Investment Earnings	60,452	63,445	70,372	65,510	54,776	112,698
		Tax Rate Equivalent	0.0239	0.0246	0.0272	0.0354	0.0336	0.0658
		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	$252,489,481	257,664,174	258,376,856	185,227,778	163,200,489	171,233,853
		Tax Rate	0.3300	0.3300	0.3300	0.4500	0.4500	0.4500
		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	131.29	115.04	98.20	63.24	74.80	81.88
		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	$192,314,328	223,977,898	263,112,888	292,896,550	218,182,472	209,127,813
		EffectiveTax Rate	0.4333	0.3796	0.3241	0.2846	0.3366	0.3685
		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	92.9400	92.9200	96.6100	97.3200	97.0900	97.6400
		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	93.08	92.92	96.45	97.16	96.84	97.51
		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	89.54	92.94	100.00	100.00	100.00	100.00
		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	87,816	91,375	66,075	69,235	84,384	57,968
		Tax Rate Equivalent	0.0348	0.0355	0.0256	0.0374	0.0517	0.0339
		Dominant County: Cherokee
	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	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		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%	0.0000%	0.0000%
		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	74,006	144,509	211,673
		--General Government	0	0	0	0	0	1,900,000
		Total*	$0	0	0	74,006	144,509	2,111,673
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$677,693	401,268	102,878	178,324	253,771	329,218


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		1,632	1,627	1,632	1,632	1,632	1,613

1.5A	FISCAL	Governmental Activities Assets	6,777,888	6,866,749	8,909,740	6,355,463	5,525,056	5,597,515
1.5B	SUMMARY	Governmental Activities Liabilities	2,036,631	2,069,058	2,109,970	1,973,386	1,989,077	2,091,099
3.5A		Business Type Activities Assets	12,077,163	11,724,927	8,107,698	8,420,872	8,671,399	9,221,208
3.5B		Business Type Activities Liabilties	873,607	1,282,689	321,209	468,223	599,913	928,985
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	748,642	776,875	767,955	778,197	714,739	754,777
11.0	TAX	Current Collections of Special Tax Districts	197,593	197,268	196,304	194,052	186,423	172,119
12.0	REVENUES	Prior Years' Levy Collections	51,520	15,871	14,811		17,314	16,072
13.0		Penalties and Interest	8,924	6,384	5,116	6,120	4,357	4,502
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	1,092	1,132
16.0		1% Local Government Option Sales Tax	143,997	143,340		218,673	226,586	210,419
17.0		1/2% Local Government Option Sales Tax (40)	75,145	75,133		109,336	113,293	105,209
18.0		1/2% Local Government Option Sales Tax (42)	68,894	69,367		109,336	113,293	105,209
18.5		1/2% Local Government Option Sales Tax (44)	-1,320	14,254
19.0		Privilege Licenses
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation	28,809	31,139	38,433	47,219	61,206
22.0		Other Licenses					11,177	11,278
23.0		Local Occupancy Tax			407,448
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	128,445	120,307	91,025	109,222
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
30.0		Public Safety	3,453	141,143	9,213
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.	307,883	369,593	260,149	116,739	73,492	62,988
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					120,207	89,323
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional Hold Harmless	68,118	51,609
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	71,505	77,669	80,000	88,564	66,843	46,857
45.0		Beer and Wine Tax		2,328	7,329		1,950	1,788
46.0		Powell Bill	54,672	54,511	61,603	68,992	61,519	62,504
50.0		Court Fees - Facilities and Arrest Fees	1,166	1,235	1,918		985	1,677
51.0		General Government
52.0		Public Safety				23,379	128,634	76,145
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection			2,441,214		120,767	160,086
56.0		Econ. & Phys. Dev. - Housing/Community Dev			273,281
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						40,000
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government	2,500	500
63.0	REVENUES	Public Safety	3,836	3,856	29,031
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	500	500	625
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	247,082	260,009	1,200	284,043	283,794	264,414
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste				7,126	7,554	10,104
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues
82.0		Library Service Revenues		178	9,525	7,931	7,009	7,359
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	11,079	12,915		2,725	7,875	2,925
86.0	UTILITY	Water and Sewer Charges	1,254,318	1,177,674	1,210,381	1,357,725	1,319,860	1,131,374
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	60,452	63,445	70,372	65,510	54,776	112,698
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets					1,159	15,363
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	240,000	240,000	241,845	210,000	180,000	120,000
98.0		Other Miscellaneous Revenues	76,970	119,739	83,007	70,199	66,334	42,049
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases			206,639
101.0		Other			2,707,382	201,426	229,520	201,186
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		1,379	-1,929	4,588	1,262	4,931
106.0		Deposits Other than Utility		-615	113	145	1,520	500
107.0		Prepaid Taxes		1,246	-1,885	1,867	-8,057	6,115
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages					119,355	111,348
109B	GENERAL	Governing Body - Other Direct					194,814	204,570
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages				123,919
110B		Administration - Other Direct				219,205
110C		Administration - Construction				133,283
110D		Administration - Purchase of P,P&E
111A		Elections - Salaries & Wages
111B		Elections - Other Direct		4,953		4,509		8,364
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages	256,611	218,728	204,466
112B		Finance - Other Direct	123,236	108,087	159,917
112C		Finance - Construction
112D		Finance - Purchase of P,P&E		28,690
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E
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	473,824	426,202	437,544	319,542	315,269	335,876
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	92,944	84,332	96,450	283,271	239,735	216,433
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E			5,338	26,500	25,752	7,900
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	37,645	38,488	32,142	9,800	8,400	55,417
122B		Fire - Other Direct	97,705	102,288	92,677	136,414	160,938	121,696
122C		Fire - Construction					314,940	1,657,603
122D		Fire - Purchase of P,P&E		232,561	6,200		233,333
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	115,443	104,345	114,186		47,933	49,103
128B		Streets and Highways - Other Direct	151,116	111,262	72,304		103,986	91,357
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E		25,760	344,078		15,417
129A		Street Cleaning - Salaries & Wages				52,648
129B		Street Cleaning - Other Direct				116,160
129C		Street Cleaning - Construction				166,101
129D		Street Cleaning - Purchase of P,P&E				21,663
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct
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
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages				52,648	49,861	73,332
136B	MENTAL	Solid Waste - Other Direct				54,628	57,658	27,091
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E					24,196
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	15,760	15,728	11,756	11,994	10,936	11,887
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages	91,183	79,724	77,161
139B		Environ. All Other - Other Direct	32,382	25,924	28,115
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E		6,200	6,200
140A	ECONOMIC	Planning & Zoning - Salaries & Wages
140B	& PHYSICAL	Planning & Zoning - Other Direct
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct
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	177,463	191,326	187,688	69,739	132,973	122,224
143B		Housing & Urban Renewal - Other Direct	231,301	215,240	230,162	293,040	194,852	172,440
143C		Housing & Urban Renewal - Construction				123,916	188,588	119,408
143D		Housing & Urban Renewal - Purchase of P,P&E				14,271	4,217	11,637
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	15,185	20,242	14,320	22,525	17,357	10,270
153C		Recreation & Parks - Construction						12,000
153D		Recreation & Parks - Purchase of P,P&E			7,068		7,000
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	142,676	134,653	127,107	82,587	76,855	76,990
156B		Libraries - Other Direct	33,053	31,475	44,096	77,607	77,846	74,312
156C		Libraries - Construction						74,820
156D		Libraries - Purchase of P,P&E			9,170
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	593,322	612,668	585,608	445,435	426,560	421,824
158B		Water & Sewer - Other Direct	611,692	559,914	667,235	868,360	898,992	824,243
158C		Water & Sewer - Construction	12,987	1,279,190		27,035
158D		Water & Sewer - Purchase of P,P&E			52,964	80,447	73,789	3,229
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	2,620	3,930	10,527		23,208	29,307
161D	SERVICE	Water & Sewer - Principal	70,581	34,293	149,453		162,611	159,431
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	87,763	89,058	85,071	79,860	60,396	62,890
166D		All Other - Principal	27,642	26,347	82,430	18,848
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	4,079	4,449	17,254	21,696	21,696	18,189
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	12,183	11,177	11,493	11,625	10,373	11,488
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient				AuthorityCountyMunicipality
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				County
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient				State
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient		Transfer to Water & Sewer	Transfer to W&S from GF
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount			239,598
177A		Other - Intergovt. Expenditures - Recipient			Transfer from W&S to GF
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount			2,390,098
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	803,713.	817,195.00	777,900.00	775,484.00	734,629.00	730,978.00
180.0		Current year's levy -- Motor vehicles (only)	32,175.	33,503.00	38,433.00	47,219.00	61,206.00	39,771.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	55,641.	57,872.00	27,642.00	22,016.00	23,178.00	18,197.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	3,366	2,364
183.0	DATA	Percentage of Taxes Collected - All Property %	92.94	92.92	96.61	97.32	97.09	97.64
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	93.08	92.92	96.45	97.16	96.84	97.51
185.0		Percentage of Taxes Collected - Motor Vehicles %	89.54	92.94	100.00	100.00	100.00	100.00
186.0		Ttl Amt Salaries/Wages for Construction				1,177,206	1,177,206	1,246,114
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						377,914
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	5,191,103	5,836,812	5,820,486	3,306,742	3,167,309	3,208,879
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	3,954,875	6,497,629	9,215,806	4,076,514	4,180,666	3,828,425
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	99,600	2,469,655
194D		Amount - Net Revenues	3,855,275	4,027,974	9,215,806	4,076,514	4,180,666	3,828,425
		Calculated amount	3,855,275	4,027,974	9,215,806	4,076,514	4,180,666	3,828,425
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	3,609,996	7,296,889	6,599,876	3,969,276	4,299,836	5,176,679
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	99,600	2,469,655
195D		Amount - Net Expenditures	3,510,396	4,827,234	6,599,876	3,969,276	4,299,836	5,176,679
		Calculated amount	3,510,396	4,827,234	6,599,876	3,969,276	4,299,836	5,176,679
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					17,686,000
401B	Water /	Number of residential accounts billed Sewer					4,022
402A	Sewer	Amount processed and/or purchased in units Water					144,490,000
402B	Operations	Amount processed and/or purchased in units Sewer					124,828,000
403A		Total amount billed in units - Water	126	123,577,541	132,002	139,844	144,490,000
403B		Total amount billed in units - Sewer	120	110,965,234	111,223	119,775	124,828,000
404A		Of the total in 403A above how many units were Residential W	44	46,857,574	46,442	48,114	50,026,000
404B		Of the total in 403B above how many units were Residential S					61,885,000
405A		Of the total in 403 above, how many units were Outside Muni W					51,802,000
405B		Of the total in 403 above, how many units were Outside Muni S					17,686,000
406A		Of the total in 405A above how many units were Residential W					5,051,000
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	793,049	760,101	781,922	791,128	698,040
408A		Dollars related to 403A above	379,040	346,948	314,085	316,932	383,524
408B		Dollars related to 403B above	326,808	266,035	273,673	328,872	279,216
409A		Dollars related to 404A above	95,652	104,084	91,085	91,356	157,245
409B		Dollars related to 404B above					335,059
410A		Dollars related to 405A above					207,103
410B		Dollars related to 405B above					83,765
411A		Dollars related to 406A above					19,176
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	1,021	1,007	1,010	1,039
421A		Number of residential accounts billed - Water	708	692	694	709
421B		Number of residential accounts billed - Sewer	669	664	664	691
422A		Number of non-residential & bulk accounts billed - Water	598	595	595	620
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	ANNA A. PAYNE
951.0		Title	FINANCE OFFICER
952.0		Date	12/29/2011	12/02/2010	12/31/2009	10/23/2008	12/05/2007	01/16/2007
953.0		Contact	HOLLY M. TURNER
954.0		Title	CPA
955.0		Phone	828-837-8188
956.0		Fax	828-837-5523
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	1,632	1,627	1,632	1,632	1,632	1,613
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	1,227,165	1,266,132	1,357,538	1,321,019	1,146,737
Total Operating Revenues Per Capita	$0	754	776	832	809	711
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%	128.79%	133.22%	117.90%	133.85%	145.52%
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%	-28.79%	-33.22%	-17.90%	-33.85%	-45.52%
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%	193.13%	11.06%	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%	188.77%	0.00%	1.57%	7.18%
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%	164.93%	-17.80%	-16.28%	-35.06%	-52.85%
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	13.52	4.90	2.53	1.06	0.89	1.84
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	33.1	31.6	35.9	37.3	39.2
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	744.6	74.9	92.8	71.3	90.5
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	-$362,633	474,700	34,110	195,777	-2,139	-73,951

Debt to Equity	0.00	0.08	0.02	0.05	0.07	0.10
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	377	63	155	244	335
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
	$895,827	305,570	531,619	3,837,996

Capital Contributions: Excluded from income above	$1,094,319	544,527	77,685	77,685	198,452	237,771


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	4,022	NA
Estimated population of the areas served Sewer	0	0	0	0	4,022	NA

Number of Gallons of Water Processed (000) omitted	0	0	0	0	144,490,000	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	0	0	124,828,000	NA

Number of Gallons of Water Billed (000) omitted	126	123,577,541	132,002	139,844	144,490,000	NA
Number of Gallons of Sewage Billed (000) omitted	120	110,965,234	111,223	119,775	124,828,000	NA

Ratio of Water Billed to Water Processed					1.00000	NA
Ratio of Sewage Billed to Sewage Processed					1.00000	NA

Total Revenue from Water Sales	793,049	760,101	781,922	791,128	698,040	NA
Total Revenue from Sewage Sales	379,040	346,948	314,085	316,932	383,524	NA

Water Revenue per 1000 gallons of Sales					173.55545	NA
Sewage Revenue per 1000 gallons of Sales					95.35654	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	$7,370.50068	0.00568	5.89279	6.83527	0.00558	NA
Residential Sewage Sales per thousand Gallons	$3,114.68577	0.00318	2.85006	2.73898	0.00446	NA

Water Sales per thousand Gallons outside Municipal Limits					0.00541	NA
Sewage Sales per thousand Gallons outside Municipal Limits					0.00400	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

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	128.64%	127.16%	253.30%	70.53%	0.00%
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

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2007 2008 2009 2010 2011

Municipality 97.09% 97.32% 96.61% 92.92% 92.94%

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	97.09%	97.32%	96.61%	92.92%	92.94%
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

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2007 2008 2009 2010 2011

Municipality 0 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	0	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

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2007 2008 2009 2010 2011

Property Tax $451 481 483 491 496

Utility 814 834 742 732 775

Sales Tax 277 267 -1 185 177

Sales & Services 183 183 7 160 151

Intergovernmental 352 249 1,994 506 393

Debt Proceeds 41 43 51 74 47

Other Miscellaneous 303 317 712 327 323

Total $2,421 2,374 3,988 2,475 2,362

	2007	2008	2009	2010	2011
Property Tax	$451	481	483	491	496
Utility	814	834	742	732	775
Sales Tax	277	267	-1	185	177
Sales & Services	183	183	7	160	151
Intergovernmental	352	249	1,994	506	393
Debt Proceeds	41	43	51	74	47
Other Miscellaneous	303	317	712	327	323
Total	$2,421	2,374	3,988	2,475	2,362

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2011
2011

Category Revenue
Per Capita

Property Tax $809,086
$496

Water/Sewer 11,079
7

Electric 1,254,318
769

Other Utilities 0
0

Sales Tax 286,716
177

Sales & Services 247,082
151

Intergovernment 641,578
393

Debt Proceeds 76,970
47

Miscellaneous 527,354
323

Total $3,854,183
$2,362

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

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2011
2011

Category Expenditures
Per Capita

General Government $379,847
$233

Water/Sewer 0
0

Electric 1,218,001
746

Other Utilities 0
0

Debt Service 188,606
116

Transportation 266,559
163

Public Safety 718,380
440

Other 739,003
453

Total $3,510,396
$2,151

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

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $1,888,167
$1,157

Water/Sewer Capital 0
0

Electric Capital 12,987
8

Other Capital 0
0

Other Operating 1,609,242
986

Total $3,510,396
$2,151

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

Last Updated 2/7/2012 2:33:21 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$809,086	$496
Water/Sewer	11,079	7
Electric	1,254,318	769
Other Utilities	0	0
Sales Tax	286,716	177
Sales & Services	247,082	151
Intergovernment	641,578	393
Debt Proceeds	76,970	47
Miscellaneous	527,354	323
Total	$3,854,183	$2,362

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Murphy

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North Carolina
Department of State Treasurer
Financial Information
Town of Murphy