North Carolina
Department of State Treasurer
Financial Information
Town of Newport

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	$1,010,738	908,837	858,327	795,835	682,905	685,067
		Utility	2,101,277	1,421,863	1,491,149	1,467,123	1,239,280	1,202,038
		Sales Tax	322,674	274,919	262,851	287,205	313,889	334,464
		Sales & Services	544,853	519,051	530,193	495,840	442,639	382,869
		Intergovernmental	701,935	420,268	568,206	572,840	643,025	516,229
		Debt Proceeds	14,173	47,212	92,188	1,798,138	86,403	128,850
		Other Miscellaneous	550,095	625,926	424,392	457,058	389,361	1,453,076
		Total	$5,245,745	4,218,076	4,227,306	5,874,039	3,797,502	4,702,593

	Expenditures by Function
		Utility	$1,421,132	1,324,239	1,033,766	1,204,031	1,089,286	1,430,611
		Debt Service	413,661	396,911	362,430	1,337,892	426,636	367,520
		Transportation	428,503	398,414	454,187	535,374	483,421	406,442
		General Government	376,269	328,325	360,879	271,449	269,072	240,377
		Public Safety	1,677,725	1,430,942	1,591,183	1,302,245	1,185,176	1,101,107
		Other	429,789	431,497	455,986	473,939	448,714	458,981
		Total	$4,747,079	4,310,328	4,258,431	5,124,930	3,902,305	4,005,038

	Expenditures by Object
		Salaries & Wages	$1,733,882	1,772,927	1,698,855	1,530,334	1,466,327	1,459,503
		Capital Outlay	723,889	460,822	550,245	347,142	198,539	402,570
		Other Operating + Debt Service	2,289,308	2,076,579	2,009,331	3,247,454	2,237,439	2,142,965
		Total	$4,747,079	4,310,328	4,258,431	5,124,930	3,902,305	4,005,038


	Per Capita Revenues by Source
		Property Tax	$243	216	207	209	183	187
		Utility	505	337	359	385	332	327
		Sales Tax	78	65	63	76	84	91
		Sales & Services	131	123	128	130	119	104
		Intergovernmental	169	100	137	151	172	141
		Debt Proceeds	3	11	22	472	23	35
		Other Miscellaneous	132	149	102	120	104	396
		Total	$1,261	1,001	1,018	1,543	1,017	1,281

	Per Capita Expenditures by Function
		Utility	$342	314	249	316	292	390
		Debt Service	99	94	87	352	114	100
		Transportation	103	95	109	141	129	111
		General Government	91	78	87	71	73	65
		Public Safety	403	340	383	342	317	300
		Other	103	102	110	125	120	125
		Total	$1,141	1,023	1,025	1,347	1,045	1,091

	Per Capita Expenditures by Object
		Salaries & Wages	$417	421	409	402	393	397
		Capital Outlay	174	109	132	91	53	110
		Other Operating	550	493	484	854	599	584
		Total	$1,141	1,023	1,025	1,347	1,045	1,091

	Population Group		No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Number of Municipalites in Group	119	122	120	120	124	123
		Average Population In Group	4,793	4,664	4,697	4,793	4,727	4,663
		Town of Newport Population	4,159	4,214	4,154	3,806	3,735	3,672
	Group Average Per Capita Revenues by Source
		Property Tax	352	342	346	336	310	306
		Utility	539	323	315	313	317	332
		Sales Tax	125	125	144	160	159	152
		Sales & Services	144	85	82	78	76	71
		Intergovernmental	251	198	179	175	172	159
		Debt Proceeds	107	53	152	111	24	28
		Other Miscellaneous	144	120	157	179	229	189
		Total	1,662	1,246	1,375	1,352	1,287	1,237

	Group Average Per Capita Expenditures by Function
		Utility	423	419	414	370	332	305
		Debt Service	79	103	100	102	96	98
		Transportation	89	95	95	110	111	112
		General Government	167	179	185	169	159	156
		Public Safety	303	323	318	318	310	280
		Other	240	220	219	230	235	209
		Total	1,301	1,339	1,331	1,299	1,243	1,160

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	450	431	429	414	405	390
		Capital Outlay	226	325	317	279	252	205
		Other Operating	624	583	585	606	584	564
		Total	1,300	1,339	1,331	1,299	1,241	1,159


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$0	1,835,002	1,920,004	2,056,195	1,920,371	1,780,002
	General Fund expenditures		-	1,803,684	1,928,648	1,968,362	1,839,852	1,684,248
	Operating transfers in		-	-	-	-	1,103	-
	Operating transfers out		-	235,818	243,021	195,000	220,000	80,987
	Capital leases and installment purchase proceeds		-	-	35,000	-	-	-
	Other items		-	-	-	-	-	86,050
	Excess of revenues and other sources over (under) expenditures and other uses		-	(204,500)	(216,665)	(107,167)	(138,378)	100,817

	Fund balance available (FBA):
		In dollars	$486,669	346,259	515,180	705,247	807,825	1,019,475
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	16.98	24.11	32.60	39.22	57.75
		Group weighted average FBA %	104.97	67.39	70.26	65.07	64.31	62.32
		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	$0	497,755	489,986	1,127,508	259,088	(37,161)
		Quick ratio	0.00	2.63	2.78	6.16	1.23	0.89
		Net income	482,810	1,529	98,841	303,983	81,914	417,616
		Cashflow from operations	961,437	405,242	475,673	327,564	333,896	576,985
		Depreciation & Amortization Expense	309,087	245,119	206,840	142,000	192,441	188,838



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

		Population at July 1st of the Previous Year	4,159	4,214	4,154	3,806	3,735	3,672
		Population Group	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Cash &Investments	$1,678,910	$1,302,586	$1,446,827	$1,322,875	$1,279,417	$1,334,560
		Investment Earnings	1,042	2,192	14,018	65,343	71,473	48,441
		Tax Rate Equivalent	0.0003	0.0007	0.0047	0.0223	0.0414	0.0275
		Tax Rate Equivalent Group weighted average	0.0027	0.0055	0.0130	0.0294	0.0437	0.0322
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2007	2007	2007	2007	2001	2001
		January 1, Prior Year Assessed Valuation	$304,332,253	301,406,356	300,589,460	292,463,526	172,832,696	176,225,355
		Tax Rate	0.4000	0.3100	0.2900	0.2700	0.4000	0.4300
		Tax Rate Group weighted average	0.2778	0.2552	0.2697	0.2669	0.3116	0.3191
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	98.03	112.65	98.40	100.00	60.44	77.79
		Assessment -to-Sales Ratio Group weighted average	102.19	102.84	92.17	90.92	83.51	91.52
		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	$310,448,080	267,560,014	305,477,093	292,463,526	285,957,472	226,539,857
		EffectiveTax Rate	0.3921	0.3492	0.2854	0.2700	0.2418	0.3345
		Group weighted average Effective Tax Rate	0.2838	0.2624	0.2486	0.2427	0.2602	0.2921
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	96.9600	95.6700	96.8300	97.5800	96.8700	96.8300
		Percent Collected Group weighted average	96.58	95.40	95.41	95.81	96.70	96.72
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	98.17	96.70	98.03	99.28	99.66	99.41
		Percent Collected Excluding Motor Vehicles Group weighted average	97.33	97.43	97.55	98.06	97.99	98.08
		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	81.57	82.55	82.41	81.01	78.97	80.36
		Percent Collected Motor Vehicles Only Group weighted average	85.29	85.60	85.23	85.75	86.04	86.22
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	89,181	96,751	83,238	79,839	93,973	97,291
		Tax Rate Equivalent	0.0293	0.0321	0.0277	0.0273	0.0544	0.0552
		Dominant County: Carteret
	Debt Information
		Population Group	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$2,553,500	2,587,000	2,619,000	2,632,500	1,845,000	1,859,500
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	2,553,500	2,587,000	2,619,000	2,632,500	1,845,000	1,859,500
		Per Capita	$614	614	630	692	494	506
		Total Per Capita for the Population Group	113	107	158	152	149	162
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.8225%	0.9669%	0.8573%	0.9001%	0.6452%	0.8208%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0898%	0.0802%	0.1078%	0.1101%	0.1223%	0.1565%
		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		50,000	50,000	250,000	1,750,000	1,750,000

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	65,333	74,667	84,000	93,333	102,667	112,000
		Total*	$65,333	74,667	84,000	93,333	102,667	112,000
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$1,125,000	1,237,500	1,350,000	1,462,500	1,575,000	1,687,500


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		4,159	4,214	4,154	3,806	3,735	3,672

1.5A	FISCAL	Governmental Activities Assets	2,533,076	2,152,801	2,438,696	2,256,342	2,349,323	2,506,815
1.5B	SUMMARY	Governmental Activities Liabilities	310,534	299,549	385,514	267,865	375,226	528,545
3.5A		Business Type Activities Assets	7,377,927	7,071,414	6,980,552	6,983,634	6,496,031	6,550,886
3.5B		Business Type Activities Liabilties	4,130,196	4,306,493	4,217,160	4,319,087	3,754,327	3,891,096
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	974,842	886,979	853,012	792,022	676,283	646,709
11.0	TAX	Current Collections of Special Tax Districts	311,010	336,000	293,216	249,202	200,034	214,658
12.0	REVENUES	Prior Years' Levy Collections	31,459	18,386	2,586	1,324	4,538	34,359
13.0		Penalties and Interest	4,437	3,472	2,729	2,489	2,084	3,999
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax	120,643	134,710	129,729	127,997	130,266	157,684
17.0		1/2% Local Government Option Sales Tax (40)	49,822	52,235	48,738	53,975	62,116	57,932
18.0		1/2% Local Government Option Sales Tax (42)	57,149	49,485	48,044	53,301	61,371	57,289
18.5		1/2% Local Government Option Sales Tax (44)	95,060	38,489	36,340	51,932	60,136	61,559
19.0		Privilege Licenses					8,199	7,226
19.2		Privilege -- All other privileges and pemits	23,165	7,626	7,421	8,302
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses
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					89,965
30.0		Public Safety	282,862	21,510	146,428	133,126	119,397	57,391
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection				25,939	25,934	165,072
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			25,000	25,000	25,000
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	229,662	231,302	211,118	197,761	187,763	138,249
45.0		Beer and Wine Tax	18,573	5,925	17,093	17,205	16,613	15,946
46.0		Powell Bill	109,333	107,824	114,374	126,606	112,147	110,839
50.0		Court Fees - Facilities and Arrest Fees	1,694	1,719	2,504	1,930	3,433	2,977
51.0		General Government
52.0		Public Safety	59,811	1,170	4,439		17,500	25,755
53.0		Transportation - Streets
54.0		Transportation - All Other
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		50,818	47,250	45,273	45,273
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	114,319	29,808	32,807	65,152	104,840	137,459
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits	26,257	250	2,000	3,375
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	80	225	115		875	1,200
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	246,317	251,573	250,652	254,894	227,441	191,771
79.0		Ambulance and Rescue Squad Charges	261,383	264,353	275,651	230,291	206,083	185,648
80.0		Cemeteries	3,450	2,650	1,775	7,280	8,240	4,250
81.0		Recreation Service Revenues	7,366
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	654,328	36,961	176,056	85,574	311,634	241,376
86.0	UTILITY	Water and Sewer Charges	1,446,949	1,384,902	1,315,093	1,381,549	927,646	960,662
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	1,042	2,192	14,018	65,343	71,473	48,441
91.0		Special Assessments
92.0		Private Contributions and Donations			455
93.0		Sales of Materials and Fixed Assets	4,795	300	5,014	56,758		6,381
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	2,764		9,165	12,301	4,815	5,897
98.0		Other Miscellaneous Revenues	14,173	47,212	92,188	97,058	86,403	128,850
99.0		Proceeds of Sale of Bonds and Notes				1,701,080
100.0		Proceeds of Capital Leases/Install Purchases	93,000	250,000	62,296			1,033,014
101.0		Other
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	604	621	17,961	19,210	18,931	14,733
109B	GENERAL	Governing Body - Other Direct	41,906	50,591	49,568	57,280	63,577	45,555
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	133,260	138,755	160,922	112,800	96,885	118,435
110B		Administration - Other Direct	200,499	137,519	110,837	79,043	82,599	58,104
110C		Administration - Construction
110D		Administration - Purchase of P,P&E		839	21,591	3,116	7,080	3,550
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
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	351,299	425,802	383,386	297,757	319,421	314,704
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	166,816	154,610	193,813	255,814	206,006	101,105
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	13,638	9,752	30,743	14,725	8,814	121,508
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			442
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E	755
122A		Fire - Salaries & Wages	529,994	478,736	462,708	421,861	353,840	325,982
122B		Fire - Other Direct	242,524	239,415	214,425	177,283	265,541	124,703
122C		Fire - Construction
122D		Fire - Purchase of P,P&E	354,142	103,949	282,933	88,597	610	90,975
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	122,934	126,518	115,773	132,154	115,266	133,868
128B		Streets and Highways - Other Direct	195,020	189,356	205,870	247,146	213,481	156,463
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E	29,625	2,847	43,176	10,408	9,822	27,798
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	26,364	27,878	27,440	45,182	44,698	35,921
130B		Powell Bill - Other Direct	25,889	19,894	25,450	31,967	28,128	4,486
130C		Powell Bill - Construction	28,671	30,843	28,150	25,929	67,748	36,786
130D		Powell Bill - Purchase of P,P&E		1,078	8,328	42,588	4,278	11,120
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
136B	MENTAL	Solid Waste - Other Direct	228,274	218,302	213,013	210,171	195,433	188,361
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
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	91,893	101,053	96,238	83,091	105,311	133,987
140B	& PHYSICAL	Planning & Zoning - Other Direct	27,514	23,562	23,060	34,093	32,665	11,241
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E			190	12,756	3,716	5,095
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
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	4,546	9,226	47,565	44,947	26,594	5,408
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	73,000	73,000	70,025	79,368	79,294	78,640
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct	4,562	6,354	5,895	9,513	5,701	36,249
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	477,534	473,564	434,427	418,279	411,975	381,873
158B		Water & Sewer - Other Direct	646,540	539,161	464,205	636,729	580,840	943,000
158C		Water & Sewer - Construction	222,075	91	14,836	283	21	52,985
158D		Water & Sewer - Purchase of P,P&E	74,983	311,423	120,298	148,740	96,450	52,753
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	167,372	164,508	168,433	153,804	135,877	96,681
161D	SERVICE	Water & Sewer - Principal	200,288	151,746	133,246	1,032,247	134,246	205,300
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	32,449	33,439	10,627	16,866	76,704	16,348
166D		All Other - Principal	13,552	47,218	50,124	134,975	79,809	49,191
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	18,557	18,678	22,733	46,208	30,944	22,130
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	922,760.	865,007.00	805,950.00	730,000.00	590,795.00	597,439.00
180.0		Current year's levy -- Motor vehicles (only)	72,266.	68,227.00	67,396.00	74,553.00	91,953.00	93,763.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	16,915.	28,524.00	15,842.00	5,286.00	2,020.00	3,528.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	13,316	11,909	11,853	14,159	19,336	18,416
183.0	DATA	Percentage of Taxes Collected - All Property %	96.96	95.67	96.83	97.58	96.87	96.83
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	98.17	96.70	98.03	99.28	99.66	99.41
185.0		Percentage of Taxes Collected - Motor Vehicles %	81.57	82.55	82.41	81.01	78.97	80.36
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	782,988	697,737	697,070
189C	INVEST	Cash On Hand & in Bank - All Other	1,678,910	1,302,586	1,446,827	1,322,875	1,279,417	1,334,560
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	5,433,445	4,453,894	4,470,327	6,069,039	4,018,605	4,783,580
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	187,700	235,818	243,021	195,000	221,103	80,987
194D		Amount - Net Revenues	5,245,745	4,218,076	4,227,306	5,874,039	3,797,502	4,702,593
		Calculated amount	5,245,745	4,218,076	4,227,306	5,874,039	3,797,502	4,702,593
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	4,934,779	4,546,146	4,501,452	5,319,930	4,123,408	4,086,025
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	187,700	235,818	243,021	195,000	221,103	80,987
195D		Amount - Net Expenditures	4,747,079	4,310,328	4,258,431	5,124,930	3,902,305	4,005,038
		Calculated amount	4,747,079	4,310,328	4,258,431	5,124,930	3,902,305	4,005,038
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					7,433
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water		220,565,280	184,271,504	127,700	123,880
402B	Operations	Amount processed and/or purchased in units Sewer	90	102,031,456	423,781	107,802	106,667
403A		Total amount billed in units - Water	99	104,595,200	105,896,764	107,847	123,880
403B		Total amount billed in units - Sewer	90	96,474,536	98,516,891	98,878	106,667
404A		Of the total in 403A above how many units were Residential W	79	82,726,055	83,802,614	83,768	96,626
404B		Of the total in 403B above how many units were Residential S					8,672
405A		Of the total in 403 above, how many units were Outside Muni W
405B		Of the total in 403 above, how many units were Outside Muni S					7,433
406A		Of the total in 405A above how many units were Residential W
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	624,535	643,266	621,821	661,119	448,120
408A		Dollars related to 403A above	701,510	701,243	682,479	706,799	461,254
408B		Dollars related to 403B above	500,898	516,456	469,427	513,491	349,534
409A		Dollars related to 404A above	548,522	545,931	527,913	542,256	359,778
409B		Dollars related to 404B above					31,368
410A		Dollars related to 405A above
410B		Dollars related to 405B above					26,887
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	1,809	1,740	1,715	1,483
421A		Number of residential accounts billed - Water	1,439	1,577	1,549	1,358
421B		Number of residential accounts billed - Sewer	129	126	121	110
422A		Number of non-residential & bulk accounts billed - Water	102	115	105	100
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	Tim White
951.0		Title	Finance Officer
952.0		Date	11/21/2011	10/26/2010	12/31/2009	12/09/2008	01/15/2008	10/31/2006
953.0		Contact	Tim White
954.0		Title	Fianance Officer
955.0		Phone	252-223-4749
956.0		Fax	252-223-5382
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	4,159	4,214	4,154	3,806	3,735	3,672
Population Group	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
Total Operating Revenues	$2,085,967	1,444,386	1,407,874	1,453,136	1,238,018	1,196,749
Total Operating Revenues Per Capita	$502	343	339	382	331	326
Group Weighted Average Revenues Per Capita	17	261	244	235	242	255
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	68.87%	88.61%	81.41%	71.78%	86.61%	71.82%
Group Weighted Average	82.20%	92.72%	91.41%	92.91%	90.03%	86.35%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	31.13%	11.39%	18.59%	28.22%	13.39%	28.18%
Group Weighted Average	17.80%	7.28%	8.59%	7.09%	9.97%	13.65%
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	21.89%	1.69%	1.70%	1.04%	1.49%	1.56%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	67.66%	3.09%	9.31%	3.10%	2.59%	1.83%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	23.15%	0.11%	7.02%	19.13%	4.52%	21.10%
Group Weighted Average	85.84%	19.63%	12.72%	18.01%	5.29%	17.80%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	N/A	2.63	2.78	6.16	1.23	0.89
Group Weighted Average	3.75	2.97	3.21	3.12	3.25	3.67
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	68.5	69.3	59.6	40.9	31.2
Group Weighted Average	3.4	59.4	63.6	54.7	55.3	55.7
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	318.0	191.5	200.5	453.9	120.5	115.6
Group Weighted Average	-50.1	424.6	493.9	540.8	562.2	488.8
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$961,437	405,242	475,673	327,564	333,896	576,985

Debt to Equity	1.23	1.51	1.48	1.58	1.29	1.39
Group Weighted Average	0.38	0.31	0.30	0.25	0.26	0.25
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	958	993	983	1,108	951	1,003
Group Weighted Average	20	384	357	309	307	288
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
	$35,553	232,064	200,014	80,887

Capital Contributions: Excluded from income above	$0	0	0	25,939	25,934	165,072


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	0	NA
Estimated population of the areas served Sewer	0	0	0	0	0	NA

Number of Gallons of Water Processed (000) omitted	0	220,565,280	184,271,504	127,700	123,880	NA
Number of Gallons of Sewage Processed (000) omitted	90	102,031,456	423,781	107,802	106,667	NA

Number of Gallons of Water Billed (000) omitted	99	104,595,200	105,896,764	107,847	123,880	NA
Number of Gallons of Sewage Billed (000) omitted	90	96,474,536	98,516,891	98,878	106,667	NA

Ratio of Water Billed to Water Processed		0.47421	0.57468	0.84453	1.00000	NA
Ratio of Sewage Billed to Sewage Processed	0.99104	0.94554	232.47123	0.91722	1.00000	NA

Total Revenue from Water Sales	624,535	643,266	621,821	661,119	448,120	NA
Total Revenue from Sewage Sales	701,510	701,243	682,479	706,799	461,254	NA

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

Group Average Sales per thousand Gallons Water	$0.00602	$146.64376	$40.01634	$1,510.62899	$1,842.80047	NA
Group Average Sales per thousand Gallons Sewage	$0.00883	$94.75591	$48.91229	$1,673.88245	$2,249.50353	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	$6,380.86624	0.00624	0.00560	6.12992	3.61739	NA
Residential Sewage Sales per thousand Gallons	$7,856.23031	0.00725	0.00686	7.14849	4.32425	NA

Water Sales per thousand Gallons outside Municipal Limits					3.61716	NA
Sewage Sales per thousand Gallons outside Municipal Limits						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 %	39.22%	32.60%	24.11%	16.98%	0.00%
Group average FBA %	64.31%	65.07%	70.26%	67.39%	104.97%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	64.31%	37.47%	29.01%

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

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2007 2008 2009 2010 2011

Municipality 96.87% 97.58% 96.83% 95.67% 96.96%

Pop. Group 96.70% 95.81% 95.41% 95.40% 96.58%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

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

	2007	2008	2009	2010	2011
Municipality	96.87%	97.58%	96.83%	95.67%	96.96%
Pop. Group	96.70%	95.81%	95.41%	95.40%	96.58%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

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

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2007 2008 2009 2010 2011

Municipality 494 692 630 614 614

Pop. Group 149 152 158 107 113

Statewide 478 456 455 449 450

Municipal Population Group: 2,500 to 4,999

	2007	2008	2009	2010	2011
Municipality	494	692	630	614	614
Pop. Group	149	152	158	107	113
Statewide	478	456	455	449	450

Municipal Population Group: 2,500 to 4,999

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2007 2008 2009 2010 2011

Property Tax $183 209 207 216 243

Utility 332 385 359 337 505

Sales Tax 84 76 63 65 78

Sales & Services 119 130 128 123 131

Intergovernmental 172 151 137 100 169

Debt Proceeds 23 472 22 11 3

Other Miscellaneous 104 120 102 149 132

Total $1,017 1,543 1,018 1,001 1,261

	2007	2008	2009	2010	2011
Property Tax	$183	209	207	216	243
Utility	332	385	359	337	505
Sales Tax	84	76	63	65	78
Sales & Services	119	130	128	123	131
Intergovernmental	172	151	137	100	169
Debt Proceeds	23	472	22	11	3
Other Miscellaneous	104	120	102	149	132
Total	$1,017	1,543	1,018	1,001	1,261

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2011
2011

Category Revenue
Per Capita

Property Tax $1,010,738
$243

Water/Sewer 654,328
157

Electric 1,446,949
348

Other Utilities 0
0

Sales Tax 322,674
78

Sales & Services 544,853
131

Intergovernment 701,935
169

Debt Proceeds 14,173
3

Miscellaneous 550,095
132

Total $5,245,745
$1,261

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

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2011
2011

Category Expenditures
Per Capita

General Government $376,269
$91

Water/Sewer 4,562
1

Electric 1,421,132
342

Other Utilities -4,562
-1

Debt Service 413,661
99

Transportation 428,503
103

Public Safety 1,677,725
403

Other 429,789
103

Total $4,747,079
$1,141

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

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $1,733,882
$417

Water/Sewer Capital 0
0

Electric Capital 297,058
71

Other Capital 426,831
103

Other Operating 2,289,308
550

Total $4,747,079
$1,141

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

Last Updated 2/7/2012 2:33:55 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$1,010,738	$243
Water/Sewer	654,328	157
Electric	1,446,949	348
Other Utilities	0	0
Sales Tax	322,674	78
Sales & Services	544,853	131
Intergovernment	701,935	169
Debt Proceeds	14,173	3
Miscellaneous	550,095	132
Total	$5,245,745	$1,261

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Newport

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Newport