North Carolina
Department of State Treasurer
Financial Information
City of Newton



Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Electric System 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
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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
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200820072006200520042003

Revenues by Source







Property Tax$4,438,510 4,050,290 3,670,356 3,664,645 3,829,540 3,658,536


Utility 16,430,176 16,042,537 14,078,721 14,761,053 12,889,796 12,706,249


Sales Tax 2,979,005 2,906,029 2,640,648 2,533,960 2,409,606 2,135,814


Sales & Services 576,949 563,606 458,119 479,798 403,375 416,782


Intergovernmental 2,181,871 1,894,544 1,904,975 1,502,165 1,727,727 1,763,720


Debt Proceeds 1,569,750 718,993 5,436,200 12,523,682 6,450,850 6,491,458


Other Miscellaneous 2,334,731 1,557,943 1,494,955 4,657,299 847,636 563,057


Total$30,510,992 27,733,942 29,683,974 40,122,602 28,558,530 27,735,616










Expenditures by Function







Utility$17,150,405 13,796,738 14,950,114 19,970,057 11,426,868 10,108,180


Debt Service 3,437,021 2,962,063 3,284,744 8,524,262 3,378,845 4,499,209


Transportation 914,444 1,211,639 825,604 998,304 917,425 718,072


General Government 2,498,304 2,229,608 2,245,174 2,179,444 2,108,750 1,984,049


Public Safety 4,654,281 4,545,879 4,605,490 4,371,019 4,211,122 3,455,870


Other 3,569,346 3,683,229 3,755,125 3,663,135 3,155,829 2,782,757


Total$32,223,801 28,429,156 29,666,251 39,706,221 25,198,839 23,548,137










Expenditures by Object







Salaries & Wages$9,022,037 8,841,931 8,348,204 7,738,806 7,248,220 6,908,782


Capital Outlay 5,123,263 2,937,667 5,014,513 11,015,059 1,982,798 647,132


Other Operating + Debt Service 18,078,501 16,649,558 16,303,534 20,952,356 15,967,821 15,992,223


Total$32,223,801 28,429,156 29,666,251 39,706,221 25,198,839 23,548,137



















Per Capita Revenues by Source







Property Tax$327 306 281 282 296 282


Utility 1,212 1,213 1,077 1,137 996 978


Sales Tax 220 219 201 195 185 164


Sales & Services 43 43 35 37 31 32


Intergovernmental 161 143 146 116 134 136


Debt Proceeds 116 54 416 964 499 500


Other Miscellaneous 172 118 114 359 66 43


Total$2,251 2,096 2,270 3,090 2,207 2,135










Per Capita Expenditures by Function







Utility$1,265 1,043 1,143 1,538 883 778


Debt Service 254 224 251 656 261 346


Transportation 67 92 63 77 71 55


General Government 185 168 173 168 164 154


Public Safety 343 344 352 337 325 266


Other 263 278 287 282 244 214


Total$2,377 2,149 2,269 3,058 1,948 1,813










Per Capita Expenditures by Object







Salaries & Wages$666 668 638 596 560 532


Capital Outlay 378 222 384 848 153 50


Other Operating 1,333 1,259 1,247 1,614 1,235 1,231


Total$2,377 2,149 2,269 3,058 1,948 1,813










Population GroupElectric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999


Number of Municipalites in Group 22 22 22 22 22 21


Average Population In Group 22,003 21,233 20,452 19,944 19,612 19,604


City of Newton Population 13,554 13,229 13,075 12,986 12,939 12,988

Group Average Per Capita Revenues by Source







Property Tax 346 353344334321311


Utility 1,796 1,8361,8941,8211,7931,778


Sales Tax 146 155150146137117


Sales & Services 104 10497908889


Intergovernmental 163 183211242181234


Debt Proceeds 261 201125105123143


Other Miscellaneous 142 178155142117126


Total 2,958 3,0102,9762,8802,7602,798










Group Average Per Capita Expenditures by Function







Utility 1,805 1,8171,9151,8641,7811,747


Debt Service 139 136192151143131


Transportation 114 11611912312292


General Government 150 134135131117107


Public Safety 372 374363348334316


Other 337 290269278272300


Total 2,917 2,8672,9932,8952,7692,693










Group Average Per Capita Expenditures by Object







Salaries & Wages 590 586561551531512


Capital Outlay 406 329352387314278


Other Operating 1,921 1,9522,0801,9571,9241,903


Total 2,917 2,8672,9932,8952,7692,693


















General Fund
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200820072006200520042003

General Fund revenues$10,388,680 10,265,749 9,485,552 9,246,513 8,623,721 8,280,024

General Fund expenditures 10,440,052 9,568,033 9,725,933 10,767,944 9,027,297 7,649,716

Operating transfers in - - - - - -

Operating transfers out 1,352,343 684,800 635,444 1,099,850 760,600 604,241

Capital leases and installment purchase proceeds 1,554,750 247,600 906,700 2,399,112 - 292,250

Other items - - - - 989,526 -

Excess of revenues and other sources over (under) expenditures and other uses 151,035 260,516 30,875 (222,169) (174,650) 318,317










Fund balance available (FBA):







In dollars$2,890,405 2,998,605 2,695,911 2,541,348 2,949,255 3,106,957


FBA as a % of GF Net Expenditures:







Unit's FBA %28.2329.9728.5126.8430.1339.02


Group weighted average FBA %38.7537.0140.1741.7841.2343.15


State weighted average Electric Group35.3634.0235.6936.3036.1234.92


State weighted average FBA %36.2036.3736.3136.7636.3536.06

















Enterprise Funds:
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Water/Sewer, Electric













Combined financial results:







Working capital($1,067,080) 605,195 1,298,615 1,691,792 414,286 2,871,881


Quick ratio0.87 0.98 1.26 1.27 0.98 2.19


Net income1,266,584 47,135 (268,900)3,650,578 (679,419)(295,928)


Cashflow from operations2,298,526 1,634,814 1,156,114 2,033,021 865,370 716,519


Depreciation & Amortization Expense2,051,990 1,965,213 1,519,827 1,376,227 1,378,899 1,398,163


























Cash, Investments and Financing
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200820072006200520042003











Population at July 1st of the Previous Year13,55413,22913,07512,98612,93912,988


Population GroupElectric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999 Electric 10,000 to 49,999


Cash &Investments$7,821,755 8,759,337 9,646,784 10,807,000 9,746,420 8,739,392


Investment Earnings250,566 388,770 287,448 175,377 93,940 116,661


Tax Rate Equivalent0.02680.04420.03420.02080.01110.0149


Tax Rate Equivalent Group weighted average0.07070.07930.05200.03890.01640.0347


Tax Rate Equivalent Statewide weighted average0.05240.09200.05730.04150.03400.0332


Latest year of Revaluation 200720032003200320031999


January 1, Prior Year Assessed Valuation$935,961,250 879,244,277 840,343,870 844,732,167 847,486,051 785,370,897


Tax Rate0.46000.46000.44000.44000.44000.4700


Tax Rate Group weighted average0.44980.44540.44250.43880.45400.4506


Tax Rate State Wide0.42540.44550.43210.44480.45660.4594


Assessment -to-Sales Ratio97.7394.5896.4799.3099.6589.23


Assessment -to-Sales Ratio Group weighted average87.5590.1392.1994.0593.7191.03


Assessment -to-Sales Ratio Statewide88.5288.4192.2892.3592.1889.54


Assessed Valuation Adjusted for Assesment to Sales Ratio$957,701,064 929,630,236 871,093,469 850,686,976 850,462,670 880,164,627


EffectiveTax Rate0.44960.43510.42450.43690.43850.4194


Group weighted average Effective Tax Rate0.39380.40150.40800.41270.42540.4102


Statewide weighted average Effective Tax Rate0.37650.39390.39870.41080.42090.4113


Percent Collected95.9095.5895.6396.2096.4295.41


Percent Collected Group weighted average97.3696.5196.7497.0396.4796.25


Percent Collected Statewide97.9797.5997.5597.4297.3196.96


Percent Collected Excluding Motor Vehicles97.4197.1097.2597.7098.0797.00


Percent Collected Excluding Motor Vehicles Group weighted average98.0397.7398.0098.1697.6397.67


Percent Collected Excluding Motor Vehicles Statewide weighted average98.6698.5998.6198.3698.2698.31


Percent Collected Motor Vehicles Only 76.7777.8176.8479.1779.6080.39


Percent Collected Motor Vehicles Only Group weighted average83.9484.2185.2886.4285.5485.42


Percent Collected Motor Vehicles Only Statewide weighted average 86.7486.7186.8087.3187.6286.69


Tax Uncollected75,749 180,759 161,638 140,603 134,431 170,537


Tax Rate Equivalent0.00810.02060.01920.01660.01590.0217


Dominant County: Catawba






Debt Information








Population Group10,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,99910,000 to 24,999


Ratings:







Fitch







Moody'sA2A2A2A2A2A2


S & PAAAAAA











General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation




Enterprise GO Debt$1,375,912 1,821,897 2,252,923 2,705,055 3,166,297 3,636,271


General Government GO Debt74,088 98,103 132,077 179,945 228,703 278,729


Total General Obligation Debt1,450,000 1,920,000 2,385,000 2,885,000 3,395,000 3,915,000


Per Capita$107 145 182 222 262 301


Total Per Capita for the Population Group153 166 163 190 219 #N/A


Total Per Capita Statewide456 478 495 505 548 #N/A


Total per Assessed Valuation Adjusted for Current Year Sales0.1514%0.2065%0.2738%0.3391%0.3992%0.4448%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1585%0.1868%0.1912%0.2303%0.2755%#N/A


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4131%0.4706%0.5275%0.5588%0.6442%#N/A


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$13,159,958 14,465,716 15,580,632 13,439,801 9,169,472 6,029,108


--General Government1,976,821 1,534,664 1,701,696 486,466 600,000 0


Total*$15,136,779 16,000,380 17,282,328 13,926,267 9,769,472 6,029,108


* The total only includes the contracts that require Local Government Commission approval.




Revenue Bond Debt $0 0 0 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription200820072006200520042003

Population at July 1st of the Previous Year Adjusted for Boundry Changes13,55413,22913,07512,98612,93912,988









1ANon GASB34General Fund Assets





1BFISCAL General Fund Liabilities





2ASUMMARYDebt-service Assets





2B
Debt service Liabilities





3A
Enterprise Assets





3B
Enterprise Liabilities





4A
Internal Service Assets





4B
Internal service Liabilities





5A
Special Revenue Assets





1.5AGASB34Governmental Activities Assets16,720,86315,286,04914,128,67613,302,65911,437,7709,945,974
1.5BFISCAL Governmental Activities Liabilities5,842,7784,762,5534,875,2914,540,5313,753,6002,776,923
3.5ASUMMARYBusiness Type Activities Assets48,360,84947,995,44048,934,00048,310,07739,331,89236,588,604
3.5B
Business Type Activities Liabilties19,037,34419,922,59020,937,44620,072,86814,714,05711,350,641
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





5B
Special Revenue Liabilities





6A
Trust & Agency Assets





6B
Trust & Agency Liabilities





7A
Capital Project Assets





7B
Capital Project Liabilities





8A
General Fixed Assets





9B
General Long term debt - Liabilities





10PART 2Current collections of unit-wide levy4,263,3883,911,0753,539,8813,558,5063,617,2233,547,874
11TAXCurrent collection of special tax districts332,767295,132291,783245,099219,616207,893
12REVENUESPrior years' levy collections148,680116,201110,25294,293184,82692,932
13
Penalties and interest26,44223,01420,22311,84627,49117,730
14
Collection of taxes previously written off





15
Animal tax
10
521550
16
1% Local government sales and use tax1,325,0181,266,3241,170,7531,206,1071,126,5201,094,748
17
1/2% Local government sales and use taxes (Article 40)562,228557,110493,720433,621423,631462,424
18
1/2% Local government sales and use taxes (Article 42)556,251551,323489,137429,024418,024456,665
18.5
1/2% Local government sales and use taxes (Article 44)535,508531,272487,038465,208441,431121,977
19
Licenses Privilege



840915
19.1
Privilege - Occupational & business licensing & permit taxes3809251,1001,200

19.2
Privilege -- All other privileges and pemits





20
General Municipal Vehicle Tax





21
Vehicle Tax for Public Transportation





22
Other licenses - Include CATV96,00998,41280,59278,02281,72880,333
23
Local occupancy tax





24
Prepared food tax





25
911 charges





26
Gross Receipts Tax on Short Term Vehicles Leases





27FEDERALFEDERAL Payment in lieu of taxes307,850291,750239,050221,700233,600216,600
28INTERGOVEquitable sharing of Federally forfeited property8,7801827,5785,001

29REVENUESGeneral government





30
Public safety3671,485212,67316,51043,091115,744
31
Transportation - Streets





32
Transportation - All other





33
Utility franchise tax





34
Housing/community development564,492283,918271,09110,925

35
All Other





36
Human services: Health, mental health, hospitals





37
All other





38
Culture and recreation





39STATEState Payment in Lieu of Taxes





40INTERGOVControlled substance tax7,94413,450



41REVENUESIntangibles tax reimbursement + Transistional Hold Harmless Revenues


19,91319,913
42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax735,324707,527676,425695,351646,646688,756
45
Beer and Wine tax60,93859,08257,35857,27255,78054,941
46
Powell Bill477,979425,414432,563435,184394,487429,916
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees4,6266,9438,23710,3109,4206,775
51
General Government





52
Public safety13,571104,793
29,99963,21187,661
53
Transportation - Streets



2,4232,423
54
Transportation - All other



9,15611,463
55
Environmental protection





56
Econ. & Phys. Dev. - Housing/Comm. Dev.




149,441
57
Econ. & Phys. Dev. - All Other





58
Human Services: Health, mental health, hospitals





59
All Other





60
Culture and recreation



250,000
61LOCALLOCAL Payment in lieu of taxes





62INTERGOVGeneral government





63REVENUESPublic safety





64
Transportatin - Streets





65
Transportation - All other





66
Environmental protection





67
Economic and physical development





68
Human Services: Health, Mental Health & Hosp





69
Human Services: All Other





70
Culture and recreation





71PERMITS Building permits





72& FEESInspection fees16,57317,22429,042


72.1
Amusements licensing and permit taxes


13,112

73
Other permits13,27117,26916,40415,7546,08610,227
74SALES &Parking revenues1,5102,4511,990545

75SERVICESRents and royalties24,15712,28910,1948,7749,8047,871
76
Airport





77
Fire protection charges2,4002,4002,4002,4002,4002,400
78
Solid waste440,025445,337335,474385,861327,145340,559
79
Ambulance and rescue squad charges





80
Cemeteries23,3507,26122,34011,2084,51411,756
81
Recreation service revenues76,32083,95479,72964,96055,40950,460
82
Library service revenues





83
Other cultural and recreational service revenues





84
Mass transit - city operated
9,914



85
Other sales and services9,187
5,9926,0504,1033,736
86UTILITYWater and sewer charges4,741,0844,642,3484,136,8955,382,1573,747,9663,905,033
87REVENUESElectric charges11,689,09211,400,1899,941,8269,378,8969,141,8308,801,216
88
Gas charges





88.1
Storm Water Fees





89MISC.On bond proceeds





90REVENUESOn general and all other funds250,566388,770287,448175,37793,940116,661
91
Special assessments





92
Private contribution and donations
100,15017,67975,081

93
Sales of materials and fixed assets71,82567,747112,969112,71163,14339,406
94
Sales of real property





95
Nongovernment contributions for streets and traffic signals





96
Mixed drink surcharge





97
ABC profit distribution





98
Other miscellaneous revenues67,55562,751148,138145,91885,41370,072
99
Proceeds of the sale of bonds and notes





100
Proceeds of capital leases and installment purchases1,569,750718,9935,436,20012,523,6826,450,8506,491,458
101
Other1,485,785509,553509,8003,795,020296,65537,500
102NON-REVSupplemental schools taxes - current levy collections





103RECEIPTSPrior years' levy collections





104
Tax collections for units other than reporting unit





105
Utilities customers' deposits





106
Deposits other than utility





107
Prepaid taxes





108
Prepaid privilege licenses





109APART 4Governing body - Salaries45,77843,95837,37135,84439,46336,342
109BGENERALGoverning body - All other Direct29,49618,29721,36015,13825,75911,139
109CGOVTGoverning body - Construction





109D
Governing body - Land, Equipment and Existing Structures





110A
Administration - Salaries217,749202,696246,856253,931283,276266,852
110B
Administration - All other Direct110,349108,705132,706103,372102,86189,354
110C
Administration - Construction





110D
Administration - Land, Equipment and Existing Structures




34,000
111A
Elections (cost of) - Salaries





111B
Elections (cost of) - All other Direct





111C
Elections (cost of) - Construction





111D
Elections (cost of) - Land, Equipment and Existing Structures





112A
Finance - Salaries413,714407,078406,350420,790392,600375,542
112B
Finance - All other Direct183,494193,382229,299165,988209,238183,485
112C
Finance - Construction





112D
Finance - Land, Equipment. and Existing Structures389,459




113A
Taxes - Salaries





113B
Taxes - All other Direct





113C
Taxes - Construction





113D
Taxes - Land, Equipment, and Existing Structures





114A
Legal - Salaries





114B
Legal - All other Direct





114C
Legal - Construction





114D
Legal - Land, Equipment, and Existing Structures





115A
Public Buildings - Salaries



18,66623,556
115B
Public Buildings - All other Direct141,265206,154128,951115,413108,15888,064
115C
Public Buildings - Construction





115D
Public Buildings - Land, Equipment, and Existing Structures





116A
Court Facilities - Salaries





116B
Court Facilities - All other Direct





116C
Court Facilities - Construction





116D
Court Facilities - Land, Equipment, and Existing Structures





117A
Central Facilites - Salaries184,974181,033173,763174,495174,967209,135
117B
Central Facilities - All other Direct50,83654,62452,67241,41171,32457,132
117C
Central Facilites - Construction





117D
Central Facilites - Land, Equipment, and Existing Structures

56,47414,041

118A
General Government All Other - Salaries308,462317,727296,113286,742272,923228,838
118B
General Government All Other - All other Direct279,175361,507328,759256,547269,092262,921
118C
General Government All Other - Construction





118D
General Government All Other - Land, Equipment, and Existing Structures


161,2327,1988,795
119APUBLICPolice and Communications - Salaries2,191,7662,223,4112,137,5912,112,7942,046,4821,955,447
119BSAFETYPolice and Communications - All other Direct483,520482,508556,732490,150489,504391,086
119C
Police and Communications - Construction





119D
Police and Communications - Land, Equipment and Existing Structures227,402179,771158,881130,446127,67095,342
120A
Emergency Communications - Salaries





120B
Emergency Communications - All other Direct





120C
Emergency Communications - Construction





120D
Emergency Communications - Land, Equipment and Existing Structures





121A
Emergency Management - Salaries





121B
Emergency Management - All other Direct





121C
Emergency Managment - Construction





121D
Emergency Management - Land, Equipment, and Existing Structures





122A
Fire - Salaries1,386,5071,314,001
886,634789,763724,724
122B
Fire - All other Direct212,955190,412
213,253205,334214,518
122C
Fire - Construction





122D
Fire - Land, Equipment, and Existing Structures5,72829,816
417,140443,24733,440
123A
Inspectors - Salaries

1,157,353


123B
Inspectors - All other Direct

455,147


123C
Inspectors - Construction





123D
Inspectors - Land, Equipment, and Existing Structures

10,117


124A
Rescue Units - Salaries





124B
Rescue Units - All other Direct





124C
Rescue Units - Construction





124D
Rescue Units - Land, Equipment, and Existing Structures





125A
Animal Control - Salaries





125B
Animal Control - All other Direct





125C
Animal Control - Construction





125D
Animal Control - Land, Equipment, and Existing Structures





126A
Public Safety All Other - Salaries





126B
Public Safety All Other - All other Direct





126C
Public Safety All Other - Construction





126D
Public Safety All Other - Land, Equipment, and Existing Structures





127ATRANSPORTraffic Engineering - Salaries





127BTATIONTraffic Engineering - All other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Land, Equipment, and Existing Structures





128A
Streets and Highways - Salaries352,048279,983257,250267,992271,21888,164
128B
Streets and Highways - All other Direct147,469122,908107,365102,568120,823135,972
128C
Streets and Highways - Construction





128D
Streets and Highways - Land, Equipment and Existing Structures35,729322,811220,300244,23464,576
129A
Street Cleaning - Salaries





129B
Street Cleaning - All other Direct





129C
Street Cleaning - Construction





129D
Street Cleaning - Land, Equipment, and Existing Structures





130A
State Street Aid Allocation - Powell Bill - Salries107,615110,566118,016117,286118,303251,765
130B
State Street Aid Allocation - Powell Bill - All other Direct265,559369,287115,189256,169307,262213,881
130C
State Street Aid Allocation - Powell Bill - Construction





130D
State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures



28,57422,209
131A
Parking Facilities - Salaries




6,081
131B
Parking Facilities - All other Direct6,0246,0847,48410,0556,669
131C
Parking Facilities - Construction





131D
Parking Facilites - Land, Equipment, and Existing Structures





132A
Mass Transit - City - Salaries





132B
Mass Transit - City - All other Direct





132C
Mass Transit - City - Construction





132D
Mass Transit - City - Land, Equipment, and Existing Structures





133B
Mass Transit - Private - All other Direct only





134A
Airport - Salaries





134B
Airport - All other Direct





134C
Airport - Construction





134D
Airport - Land, Equipment, and Existing Structures





135A
Transportation - All Other - Salaries





135B
Transportation - All Other - All other Direct





135C
Transportation - All Other - Construction





135D
Transportation - All Other - Land, Equipment, and Existing Structures





136AENVIRONSolid Waste - Salaries511,870469,432428,233427,206457,531442,901
136BMENTALSolid Waste - All other Direct307,846321,565287,991306,257337,997353,315
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Land, Equipment, and Existing Structures

118,585
180,6259,286
137A
Drainage and Watershed - Salaries





137B
Drainage and Watershed - All other Direct





137C
Drainage and Watershed - Construction





137D
Drainage and Watershed - Land, Equipment, and Existing Structures





138A
Cemeteries - Salaries





138B
Cemeteries - All other Direct





138C
Cemeteries - Construction





138D
Cemeteries - Land, Equipment, and Existing Structures





139A
Environmental Protection - All Other - Salaries150,267181,052203,916198,878182,212180,340
139B
Environmental Protection - All Other - All other Direct92,61968,65684,823127,963128,71946,008
139C
Environmental Protection - All Other - Construction





139D
Environmental Protection All Other - Land, Equipment, and Existing Structures



23,201
140AECONOMICPlanning and Zoning - Salaries261,001253,630246,277239,163219,301201,678
140B& PHYSICALPlanning and Zoning - All other Direct49,96061,05754,28859,15965,127116,017
140CDEVELOPPlanning and Zoning - Construction





140D
Planning and Zoning - Land, Equipment, and Existing Structures


9,80066,310
141A
Economic Development - Salaries





141B
Economic Development - All other Direct56,62577,334151,208178,471

141C
Economic Development - Construction908,0771,007,041788,336797,300

141D
Economic Development - Land, Equipment, and Existing Structures





142A
Community Development - Salaries





142B
Community Development - All other Direct





142C
Community Development - Construction




75,149
142D
Community Development - Land, Equipment, and Existing Structures





143A
Housing and Urban Renewal - Salaries





143B
Housing and Urban Renewal - All other Direct





143C
Housing and Urban Renewal - Construction





143D
Housing and Urban Renewal - Land, Equipment, and Existing Structures





144A
Special Employment Programs (JTPA) - Salaries





144B
Special Employment Programs (JTPA) - All other Direct





144C
Special Employment Programs (JTPA) - Construction





144D
Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures





145A
Economic and Physical Development - All Other - Salaries [A]





145B
Economic and Physical Development - All Other - All other Direct





145C
Economic and Physical Development - All Other - Construction



241,68789,360
145D
Economic and Physical Development - All Other - Land, Equipment, and Existing Structures





146AHUMANHealth - Salaries





146BSERVICESHealth - All other Direct





146C
Health - Construction





146D
Health - Land, Equipment, and Existing Structures





147A
Mental Health - Salaries





147B
Mental Health - All other Direct





147C
Mental Health - Construction





147D
Mental Health - Land, Equipment, and Existing Structures





148A
Social Services - Salaries





148B
Social Services - All other Direct





148C
Social Services - Construction





148D
Social Services - Land, Equipment, and Existing Structures





149B
Subsidies Paid: Hospitals - City Owned - All other Direct





150B
Subsidies Paid: Hospitals - Private Owned - All other Direct





151A
Other Human Services: Legal Aid - Salaries





151B
Other Human Services: Legal Aid - All other Direct





151C
Other Human Services: Legal Aid - Construction





151D
Other Human Services: Legal Aid - Land, Equipment, and Existing Structures





152A
Human Services - All Other - Salaries





152B
Human Services - All Other - All other Direct





152C
Human Services - All Other - Construction





152D
Human Services - All Other - Land, Equipment, and Existing Structures





153ACULTURE Recreation and Parks - Salaries773,317754,839729,682703,414631,012617,717
153BRECREATIONRecreation and Parks - All other Direct331,631339,636353,509294,545585,903520,686
153C
Recreation and Parks - Construction

128,408


153D
Recreation and Parks - Land, Equipment, and Existing Structures15,27328,924
108,08536,204130,300
154A
Coliseum - Salaries





154B
Coliseum - All other Direct





154C
Coliseum - Construction





154D
Coliseum - Land, Equipment, and Existing Structures





155A
Museums - Salaries





155B
Museums - All other Direct





155C
Museums - Construction





155D
Museums - Land, Equipment, and Existing Structures





156A
Libraries - Salaries





156B
Libraries - All other Direct





156C
Libraries - Construction





156D
Libraries - Land, Equipment, and Existing Structures





157A
Culture and Recreation - All Other - Salaries





157B
Human Services - All Other - All other Direct110,860120,063179,869212,894

157C
Human Services - All Other - Construction





157D
Human Services - All Other - Land, Equipment, and Existing Structures





158AUTILITYWater and Sewer - Salaries1,475,5541,500,4731,390,9831,161,1441,013,721958,797
158B
Water and Sewer - All other Direct2,293,9311,578,4671,380,6051,540,7861,781,5691,576,087
158C
Water and Sewer - Construction1,096,025103,350867,4388,655,137

158D
Water and Sewer - Land, Equipment, and Existing Structures1,485,78543,712394,902202,146212,71754,522
159A
Electric Power - Salaries641,415602,052518,450452,493336,782340,903
159B
Electric Power - All other Direct9,197,9108,746,4428,126,6647,682,8537,531,2907,083,142
159C
Electric Power - Construction942,9331,110,6362,267,272141,403

159D
Electric Power - Land, Equipment, and Existing Structures16,852111,6063,800134,095550,78994,729
160A
Natural Gas - Salries





160B
Natural Gas - All other Direct





160C
Natural Gas - Construction





160D
Natural Gas - Land, Equipment and Existing Structures





160.1A
Storm water salaries





160.1B
Storm water other operating





160.1C
Storm water contruction





160.1C
Storm water land, equipment and existing structures





161BDEBTWater and Sewer - Debt Service Interest Payments489,107521,694424,479404,932407,640409,591
161DSERVICEWater and Sewer - Debt Service Principal Payments1,563,8981,473,4391,459,0473,969,080836,320775,841
162B
Electric - Debt Service Interest Payments223,656100,60490,36740,52298,186148,633
162D
Electric - Debt Service Principal Payments468,398273,654758,6742,208,6831,420,0912,504,167
163B
Gas - Debt Service Interest Payments





163D
Gas - Debt Service Principal Payments





164B
School - Debt Service Interest Payments





164D
School - Debt Service Principal Payments





165B
Hospital - Debt Service Interest Payments





165D
Hospital - Debt Service Principal Payments





166B
All Other - Debt Service Interest Payments125,270106,265102,50787,24968,49588,117
166D
All Other - Debt Service Principal Payments566,692486,407449,6701,813,796548,113572,860
167BPENSIONDirect Benefit Program - Pension Fund operated by the Unit





168BFRINGEFringe Benefits Unallocated - (B)





169B
Separation Allowance - Law Enforcement Officers -(B)80,59758,15761,20554,49843,302
170B
Separation Allowance - Other Employees - (B)





171B
Supplemental Retirement Income Plan for Law Enforcement Officers - (B)65,80667,80368,46466,10465,82041,313
172B
Fringe Benefits Other - (B)





173A
Multi-County Library District, County, or Other Municipality Authority





173BINTERGOVMulti-County Library District, County, or Other Municipality (Item number)





173CEXPENDMulti-County Library District, County, or Other Municipality (Amount)





174A
General Governmental Actitivies shared with the County (County)





174B
General Governmental Actitivies shared with the County (Item number)




see note
174C
General Governmental Actitivies shared with the County (Amount)143,553134,447134,500134,500133,225108,894
175A
Highways (Payments to State) (State)





175B
Highways (Payments to State) (Item number)





175C
Highways (Payments to State) (Amount)





176A
Others - Name of Payee #1





176B
Others - 1 (B)





176C
Others - 1 (C)





177A
Others - Name of Payee #2





177B
Others - 2 (B)





177C
Others - 2 (C)





178A
Others - Name of Payee #3





178B
Others - 3 (B)





178C
Others - 3 (C)





179 PART 6Current Year Levy Excluding Motor Vehicles4,119,9423,768,4553,408,4473,399,0333,415,3943,362,553
180 OTHERCurrent Year Levy Motor Vehicles Only325,644321,990293,072300,076336,261355,858
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles106,656109,29793,75178,11065,835100,761
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles75,65371,46267,88762,49368,59669,776
183
Percentage of Taxes Collected - Current Year All Property95.995.5895.6396.2096.4295.41
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles97.4197.1097.2597.7098.0797.00
185
Percentage of Taxes Collected - Current Year - Motor Vehicles76.7777.8176.8479.1779.6080.39
186
Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal





187A
Capital Reserve or Available Funds - Schools - July 1, Previous Year





187B
Capital Reserve or Available Funds - Schools - June 30, Current Year





188A
Capital Reserve or Available Funds - Hospitals - July 1, Previous Year





188B
Capital Reserve or Available Funds - Hospitals - June 30, Current Year





189APART 7Cash on Hand and in Bank, and Securities - Held in Debt Service Fund





189BCASH &Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds





189CINVESTCash on Hand and in Bank, and Securities - All Other7,821,7558,759,3379,646,78410,807,0009,746,4208,739,392
190A PARTAppropriations made during the fiscal year pursuant to subsections b (1- 7)





190B 8Expenditures made during the fiscal year pursuant to subsections b (1- 7)





191
Investment in Property Acquired at any time under G.S. 158





192
Amount Expended during the fiscal year pursuant to subsections b (5) and b (7)





193
Amount of Tax Revenues taken into account under G.S.





194APART 9Amounts - Total Revenues and other financing sources per audit32,248,33528,419,24230,486,41842,789,10229,319,13028,341,657
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in1,737,343685,300802,4442,666,500760,600606,041
194D
Amounts - Net Revenues per AFIR30,510,99227,733,94229,683,97440,122,60228,558,53027,735,616


Calculated amount30,510,99227,733,94229,683,97440,122,60228,558,53027,735,616


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit33,961,14429,114,45630,468,69542,372,72125,959,43924,154,178
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out1,737,343685,300802,4442,666,500760,600606,041
195D
Amounts Net Expenditures per AFIR32,223,80128,429,15629,666,25139,706,22125,198,83923,548,137


Calculated amount32,223,80128,429,15629,666,25139,706,22125,198,83923,548,137


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatorySerina Hinson


951
Title of OfficialFinance Director


952
Date Certified11/30/200811/30/200712/31/2006


953
Person to ContactSerinca Hinson


954
Title of Person to ContactFinance Director


955
Telephone Number828-695-4258


956
Facsimile Number828-465-7419






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Key Ratios and Operations Statistics of Water and Sewer Systems for



City of Newton













200820072006200520042003








Population
13,55413,22913,07512,98612,93912,988
Population Group
Electric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and AboveElectric 10,000 and Above
Total Operating Revenues
$4,741,0844,642,3484,136,8955,382,1573,747,9663,905,033
Total Operating Revenues Per Capita
$350351316414290301
Group Weighted Average Revenues Per Capita405417374373342341
State Weighted Average Revenues Per Capita364367356331308295








% to Total Operating Revenues






Operating Expenses
111.14%101.33%95.65%77.46%119.72%98.76%
Group Weighted Average
89.12%80.96%80.09%83.98%85.05%84.23%
State Weighted Average
86.74%82.44%81.55%85.60%89.13%90.84%








Operating Margin
-11.14%-1.33%4.35%22.54%-19.72%1.24%
Group Weighted Average
10.88%19.04%19.91%16.02%14.95%15.77%
State Weighted Average
13.26%17.56%18.45%14.40%10.87%9.16%








Operating Transfers In/(out)
-5.09%6.02%8.14%-10.61%16.07%15.43%
Group Weighted Average
-1.96%-2.57%-0.66%-0.76%-0.66%-0.63%
State Weighted Average
3.96%-0.78%-0.58%-0.79%-1.21%-0.99%








Net Income before capital contributions
-25.02%-4.00%1.31%4.70%-13.71%7.15%
Group Weighted Average
8.10%15.99%2.47%10.15%5.19%6.10%
State Weighted Average
13.45%11.89%9.65%8.63%2.88%0.31%








Key Ratios and Cash Flow














Quick Ratio
0.641.321.431.060.662.63
Group Weighted Average
3.283.433.142.982.833.45
State Weighted Average
2.952.902.821.812.763.04








Days Sales in Receivables
77.244.354.886.138.836.2
Group Weighted Average
47.250.452.453.758.864.3
State Weighted Average
55.359.957.859.965.760.0








Days Cash on Hand
108.4232.9267.7305.495.4264.2
Group Weighted Average
433.4426.6349.0320.0330.9347.0
State Weighted Average
457.8497.5458.0423.5407.9414.8








Cash flow from Operations
$1,797,2441,505,4031,560,3161,816,543794,680625,677








Debt to Equity
0.460.540.590.630.500.32
Group Weighted Average
0.350.360.390.400.460.50
State Weighted Average
0.560.550.520.520.520.50








Debt per Capita
8179541,0601,112748479
Group Weighted Average
722733887896763833
State Weighted Average
1,1361,091989929855852








Capital Expenditures:
200820072006200520042003


$2,581,810147,0621,262,3408,857,283212,71754,522










2002200120001999



$138,109279,893186,101181,248









Capital Contributions: Excluded from income above
$2,050,277277,115289,5003,463,731174,97937,500
















Operating Statistics














Estimated population of the areas served Water014,711NANANANA
Estimated population of the areas served Sewer014,711NANANANA








Number of Gallons of Water Processed (000) omitted0895,425NANANANA
Number of Gallons of Sewage Processed (000) omitted0333,981NANANANA








Number of Gallons of Water Billed (000) omitted1,056,455895,425NANANANA
Number of Gallons of Sewage Billed (000) omitted345,898333,981NANANANA








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








Total Revenue from Water Sales2,473,2112,309,912NANANANA
Total Revenue from Sewage Sales1,765,7461,754,900NANANANA








Water Revenue per 1000 gallons of Sales

157.01937NANANANA
Sewage Revenue per 1000 gallons of Sales

119.29169NANANANA








Group Average Sales per thousand Gallons Water$7.69782$0.85985NANANANA
Group Average Sales per thousand Gallons Sewage$9.61612$1.04845NANANANA








State Average Sales per thousand Gallons Water$9.21753$4,470.42307NANANANA
State Average Sales per thousand Gallons Sewage$25.29767$2,448.46180NANANANA








Residential Water Sales per thousand Gallons

NANANANA
Residential Sewage Sales per thousand Gallons

NANANANA








Water Sales per thousand Gallons outside Municipal Limits
5.81896NANANANA
Sewage Sales per thousand Gallons outside Municipal Limits
134.75296NANANANA








Total Water Sales per thousand gallons for Redistribution$0.00000602,250.00000NANANANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.00000NANANANA




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Key Ratios of Electric Systems for The




City of Newton













200820072006200520042003








Population
13,55413,22913,07512,98612,93912,988
Power Agency Group
N.C. Municipal Power Agency Number 1
Total Operating Revenues
$11,395,26811,097,7639,669,2079,121,6618,896,1998,561,552
Group Weighted Average
22,254,71621,085,16320,184,54819,323,22619,192,98519,102,149








% to Total Operating Revenues






Power Purchases
70.7%69.0%73.3%73.0%70.2%70.0%
Group Weighted Average
78.3%79.0%81.9%82.3%81.6%79.1%








Other Operating Expenses
29.2%33.9%33.8%30.8%34.4%38.6%
Group Weighted Average
17.1%17.6%17.5%15.4%15.3%16.5%








Operating Margin
0.0%-2.8%-7.1%-3.8%-4.6%-8.6%
Group Weighted Average
4.6%3.4%0.6%2.3%3.1%4.4%








Operating Transfers In/(out)
3.4%0.0%-1.4%0.9%0.0%0.0%
Group Weighted Average In/(out)
-2.5%-0.8%-2.1%0.3%-1.9%-0.9%








Net Income
3.5%-0.4%-6.3%-0.7%-3.8%-7.2%
Group Weighted Average
3.5%4.9%-0.2%3.5%1.8%4.9%








Key Ratios and Cash Flow














Quick Ratio
1.30.61.01.91.61.9
Group Weighted Average
3.84.14.04.64.94.9








Coverage Ratio
1.061.020.870.790.830.69
Group Weighted Average
1.111.101.051.071.071.10








Days Sales in Receivables
33.736.837.330.031.030.8
Group Weighted Average
36.836.333.235.037.334.8








Days Cash on Hand
6.40.012.554.942.2113.0
Group Weighted Average
118.3114.5127.6147.3147.5155.0








Cash flow from Operations
$501,282129,411-404,202216,47870,69090,842








Capital Expenditures:
$959,7851,222,2422,271,072275,498550,78994,729


















200820072006200520042003
Capital Contributions: Excluded from Income Above
$000000








Operating Transfers to the General Fund as a % of GF Revenues
0.00%0.00%0.00%0.00%0.00%0.00%










20022001200019991998


#VALUE!#VALUE!279.00%0.00%0.00%








Gross Electric Fund Assets as Cost
$15,241,26614,346,85213,143,48010,872,40710,686,19610,061,740
Estimated Tax Loss from Municipal Ownership of Utility
$70,110$65,99657,83147,83947,01947,290
Tax Rate Equivalent
0.00750.00750.00690.00570.00550.0060








Operating Transfers to the General Fund as a % of Gross Fixed Assets
0.00%0.00%0.00%0.00%0.00%0.00%








Operating Transfers to the General Fund as a Tax Rate Equivalent
0.00000.00000.00000.00000.00000.0000








Tax Rate Adjusted for Assessed to Sales Ratio
0.44960.43510.42450.43690.43850.4194








Tax Rate Adjusted Excluding Transfers
0.44960.43510.42450.43690.43850.4194








Weighted Average Group Rate Adjusted
0.39380.40150.40800.41270.42540.4102








Weighted Average Non Electric Adjusted Rate
0.41730.43280.43530.44190.45330.4288




Financial Graphs and Comparisons


Go to top of page
Analysis of Available Fund Balance:  General Fund

20042005200620072008
Unit's FBA %30.13%26.84%28.51%29.97%28.23%
Group average FBA %41.23%41.78%40.17%37.01%38.75%
State average Electric/Non Electric Group FBA %36.12%36.30%35.69%34.02%35.36%
State average FBA %36.35%36.76%41.23%36.37%36.20%






Municipal Population Group: Electric 10,000 to 49,999

Go to top of page
Analysis of Property Tax

20042005200620072008
Municipality96.42%96.20%95.63%95.58%95.90%
Pop. Group96.47%97.03%96.74%96.51%97.36%
Statewide97.31%97.42%97.55%97.59%97.97%






Municipal Population Group: Electric 10,000 to 49,999






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Analysis of General Obligation Debt

20042005200620072008
Municipality262222182145107
Pop. Group219190163166153
Statewide548505495478456






Municipal Population Group: 10,000 to 24,999






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Analysis of Revenue

20042005200620072008
Property Tax$296282281306327
Utility9961,1371,0771,2131,212
Sales Tax185195201219220
Sales & Services3137354343
Intergovernmental134116146143161
Debt Proceeds49996441654116
Other Miscellaneous66359114118172
Total$2,2073,0902,2702,0962,251

Go to top of page
Analysis of Revenue for Fiscal 2008











2008
2008
CategoryRevenue
Per Capita
Property Tax$4,438,510
$327
Water/Sewer4,741,084
350
Electric11,689,092
862
Other Utilities0
0
Sales Tax2,979,005
220
Sales & Services576,949
43
Intergovernment2,181,871
161
Debt Proceeds1,569,750
116
Miscellaneous2,334,731
172
Total$30,510,992
$2,251





Municipal Population Group: Electric 10,000 to 49,999





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Analysis of Expenditures by Function for Fiscal 2008











2008
2008
CategoryExpenditures
Per Capita
General Government$2,498,304
$185
Water/Sewer6,351,295
469
Electric10,799,110
797
Other Utilities0
0
Debt Service3,437,021
254
Transportation914,444
67
Public Safety4,654,281
343
Other3,569,346
263
Total$32,223,801
$2,377





Municipal Population Group: Electric 10,000 to 49,999





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Analysis of Expenditures by Object for Fiscal 2008






2008
2008
CategoryExpenditures
Per Capita
Salaries & Wages$9,022,037
$666
Water/Sewer Capital2,581,810
190
Electric Capital959,785
71
Other Capital1,581,668
117
Other Operating18,078,501
1,333
Total$32,223,801
$2,377





Municipal Population Group: Electric 10,000 to 49,999






Last Updated 8/27/2009 7:49:43 AM