North Carolina
Department of State Treasurer
Financial Information
Town of Old Fort

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

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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	$316,656	344,741	369,624	455,756	414,269	350,763
		Utility	516,907	591,373	626,618	548,316	535,093	537,125
		Sales Tax	138,521	150,172	208,491	217,585	215,830	201,436
		Sales & Services	21,319	21,262	22,136	27,477	52,374	44,857
		Intergovernmental	351,022	345,199	304,833	419,342	530,305	449,472
		Debt Proceeds	749	316	86,958	14,733	1,902	44,174
		Other Miscellaneous	8,128	5,329	14,060	29,851	194,429	54,903
		Total	$1,353,302	1,458,392	1,632,720	1,713,060	1,944,202	1,682,730

	Expenditures by Function
		Utility	$350,856	412,176	431,257	410,190	423,820	410,492
		Debt Service	88,453	88,379	73,517	77,249	84,222	119,404
		Transportation	142,214	139,715	182,945	204,755	207,786	171,337
		General Government	272,231	292,731	306,509	240,982	230,497	191,611
		Public Safety	192,010	245,636	291,083	270,244	317,125	331,317
		Other	25,535	23,724	127,683	202,945	354,317	296,534
		Total	$1,071,299	1,202,361	1,412,994	1,406,365	1,617,767	1,520,695

	Expenditures by Object
		Salaries & Wages	$336,094	466,073	491,181	497,488	520,131	550,876
		Capital Outlay	-	16,750	100,539	135,315	308,791	222,435
		Other Operating + Debt Service	735,205	719,538	821,274	773,562	788,845	747,384
		Total	$1,071,299	1,202,361	1,412,994	1,406,365	1,617,767	1,520,695


	Per Capita Revenues by Source
		Property Tax	$348	351	376	467	426	362
		Utility	569	602	638	562	551	555
		Sales Tax	153	153	213	222	221	208
		Sales & Services	23	22	23	28	54	46
		Intergovernmental	386	351	310	430	546	464
		Debt Proceeds	1	-	89	15	2	46
		Other Miscellaneous	9	5	14	31	200	57
		Total	$1,489	1,484	1,663	1,755	2,000	1,738

	Per Capita Expenditures by Function
		Utility	$386	419	439	420	436	424
		Debt Service	97	90	75	79	87	123
		Transportation	156	142	186	210	214	177
		General Government	301	298	313	247	236	199
		Public Safety	211	250	296	277	326	342
		Other	28	24	130	208	365	306
		Total	$1,179	1,223	1,439	1,441	1,664	1,571

	Per Capita Expenditures by Object
		Salaries & Wages	$370	474	500	510	535	569
		Capital Outlay	-	17	102	139	318	230
		Other Operating	809	732	837	792	811	772
		Total	$1,179	1,223	1,439	1,441	1,664	1,571

	Population Group		No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Number of Municipalites in Group	88	99	94	96	96	95
		Average Population In Group	714	727	726	729	726	727
		Town of Old Fort Population	909	983	982	976	972	968
	Group Average Per Capita Revenues by Source
		Property Tax	393	411	400	400	335	298
		Utility	445	425	444	423	366	312
		Sales Tax	129	135	165	190	167	155
		Sales & Services	81	67	58	55	51	47
		Intergovernmental	272	320	399	298	361	357
		Debt Proceeds	88	35	90	96	29	45
		Other Miscellaneous	193	146	180	178	232	165
		Total	1,601	1,539	1,736	1,640	1,541	1,379

	Group Average Per Capita Expenditures by Function
		Utility	563	441	428	437	404	484
		Debt Service	118	105	110	97	83	71
		Transportation	114	135	122	148	153	117
		General Government	246	258	309	321	313	224
		Public Safety	308	283	301	294	250	241
		Other	205	279	382	291	279	292
		Total	1,554	1,501	1,652	1,588	1,482	1,429

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	426	425	419	406	352	309
		Capital Outlay	320	241	302	298	334	370
		Other Operating	808	835	931	884	796	750
		Total	1,554	1,501	1,652	1,588	1,482	1,429


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$831,940	868,702	917,691	1,006,338	997,851	932,764
	General Fund expenditures		655,170	724,986	916,656	792,048	862,377	818,149
	Operating transfers in		-	-	-	-	-	3,866
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	-	85,000	-	131,478	-
	Other items		5,420	-	-	500	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		182,190	143,716	86,035	214,790	266,952	118,481

	Fund balance available (FBA):
		In dollars	$0	1,167,069	1,018,949	924,208	710,827	466,268
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	160.98	122.52	116.69	97.25	56.99
		Group weighted average FBA %	125.41	100.58	103.21	88.65	100.61	101.57
		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	$592,151	492,837	385,386	251,362	156,602	99,219
		Quick ratio	12.18	10.48	8.18	5.70	2.67	1.82
		Net income	(78,405)	(75,331)	(58,200)	77,288	188,148	97,799
		Cashflow from operations	153,831	166,170	180,777	142,011	99,722	123,154
		Depreciation & Amortization Expense	199,718	204,281	212,725	148,037	154,551	156,590



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

		Population at July 1st of the Previous Year	909	983	982	976	972	968
		Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Cash &Investments	$1,807,117	$1,596,636	$1,344,374	$1,128,269	$837,543	$526,251
		Investment Earnings	505	769	9,380	32,161	33,711	17,167
		Tax Rate Equivalent	0.0005	0.0008	0.0101	0.0341	0.0361	0.0203
		Tax Rate Equivalent Group weighted average	0.0034	0.0051	0.0185	0.0245	0.0375	0.0327
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2003	2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$93,757,946	94,503,967	92,946,123	94,232,907	93,392,239	84,712,735
		Tax Rate	0.3700	0.4200	0.4200	0.4500	0.4500	0.4500
		Tax Rate Group weighted average	0.2132	0.1922	0.1910	0.1936	0.2310	0.2737
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	94.99	82.00	80.00	85.11	88.98	90.40
		Assessment -to-Sales Ratio Group weighted average	96.17	101.44	87.47	87.75	77.67	88.06
		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	$98,702,965	115,248,740	116,182,654	110,718,960	104,958,686	93,708,778
		EffectiveTax Rate	0.3515	0.3444	0.3360	0.3830	0.4004	0.4068
		Group weighted average Effective Tax Rate	0.2050	0.1950	0.1670	0.1699	0.1794	0.2410
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	90.2000	89.7700	92.8200	97.0200	94.4700	90.3500
		Percent Collected Group weighted average	96.25	95.20	95.59	96.16	96.02	95.56
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	90.54	90.24	93.49	97.95	95.23	90.95
		Percent Collected Excluding Motor Vehicles Group weighted average	96.64	96.47	96.77	97.36	97.36	97.10
		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	81.20	78.79	77.52	76.60	77.73	79.12
		Percent Collected Motor Vehicles Only Group weighted average	84.30	81.89	83.96	83.47	81.48	82.58
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	41,972	50,588	40,625	26,511	38,243	50,614
		Tax Rate Equivalent	0.0448	0.0535	0.0437	0.0281	0.0409	0.0597
		Dominant County: McDowell
	Debt Information
		Population Group	500 to 999	500 to 999	500 to 999	500 to 999	500 to 999	500 to 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	$953,000	974,500	995,000	1,014,500	1,033,000	1,051,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	953,000	974,500	995,000	1,014,500	1,033,000	1,051,000
		Per Capita	$1,048	991	1,013	1,039	1,063	1,086
		Total Per Capita for the Population Group	178	193	200	215	212	223
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.9655%	0.8456%	0.8564%	0.9163%	0.9842%	1.1216%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0954%	0.0895%	0.0813%	0.0884%	0.1085%	0.1673%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	0	0	0	0	0	0
		Total*	$0	0	0	0	0	0
		* 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 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		909	983	982	976	972	968

1.5A	FISCAL	Governmental Activities Assets	3,497,337	3,379,998	3,265,144	3,143,963	2,996,515	2,701,179
1.5B	SUMMARY	Governmental Activities Liabilities	48,594	71,958	91,006	11,040	36,320	31,912
3.5A		Business Type Activities Assets	7,879,455	7,978,837	8,076,120	8,153,113	8,125,766	7,971,597
3.5B		Business Type Activities Liabilties	981,798	1,002,776	1,024,728	1,043,520	1,093,461	1,127,440
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	296,178	336,537	360,431	408,814	405,606	335,886
11.0	TAX	Current Collections of Special Tax Districts					15,483
12.0	REVENUES	Prior Years' Levy Collections	18,743	6,994	6,862	35,151	8,663	9,909
13.0		Penalties and Interest	1,735	1,210	2,331	11,791		4,968
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	59,915	60,887	71,122	64,961	64,223	62,769
17.0		1/2% Local Government Option Sales Tax (40)	48,548	48,988	57,689	57,071	56,634	51,153
18.0		1/2% Local Government Option Sales Tax (42)	30,139	36,487	57,295	56,761	56,331	50,906
18.5		1/2% Local Government Option Sales Tax (44)	-81	3,810	22,385	38,792	38,642	36,608
19.0		Privilege Licenses	2,203	2,842	2,930	2,973	3,603	3,388
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses		94	359	491	7,972	7,835
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.		55	743	479		12,231
29.0	REVENUES	General Government				1,258		4,276
30.0		Public Safety	1,554	2,663
31.0		Transportation - Streets
32.0		Transportation - All Other		6,051
33.0		Environmental Protection				115,437	218,293	101,591
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other				19,401		14,123
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional Hold Harmless	161,091	155,024	123,241	106,380	107,421	110,327
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	124,546	123,886	125,831	133,488	121,534	114,871
45.0		Beer and Wine Tax
46.0		Powell Bill	30,025	30,976	34,894	38,999	34,934	35,784
50.0		Court Fees - Facilities and Arrest Fees
51.0		General Government
52.0		Public Safety
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection					45,981	53,254
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other	33,558	24,961	18,379	2,425		1,765
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	248	1,583	1,745	1,475	2,142	1,250
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	11,688	11,847	13,851	11,100	12,784	11,713
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	9,631	9,415	8,285	9,079	13,582	11,115
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues				7,298	26,008	22,029
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	1,925	2,321	2,524		1,237	18,655
86.0	UTILITY	Water and Sewer Charges	514,982	589,052	624,094	548,316	533,856	518,470
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	505	769	9,380	32,161	33,711	17,167
91.0		Special Assessments
92.0		Private Contributions and Donations				-7,898	717	9,615
93.0		Sales of Materials and Fixed Assets	5,420	1,624	1,391	2,124	31,443	16,898
94.0		Sale of Real Property					101,500
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution
98.0		Other Miscellaneous Revenues	749	316	1,958	14,733	1,902	29,527
99.0		Proceeds of Sale of Bonds and Notes			85,000			14,647
100.0		Proceeds of Capital Leases/Install Purchases
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				2,130
106.0		Deposits Other than Utility
107.0		Prepaid Taxes				339
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages					91,910	22,364
109B	GENERAL	Governing Body - Other Direct					138,587
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	90,593	99,229	98,293	90,390		36,159
110B		Administration - Other Direct	181,638	193,502	208,216	150,592		133,088
110C		Administration - Construction
110D		Administration - Purchase of P,P&E
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	114,728	145,023	169,101	154,804	151,635	185,650
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	68,109	90,138	110,017	110,263	112,601	137,902
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E					47,526
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
122B		Fire - Other Direct
122C		Fire - Construction
122D		Fire - Purchase of P,P&E
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	47,580	41,878	46,119	53,337	66,507	74,202
128B		Streets and Highways - Other Direct	90,686	78,029	103,383	86,429	89,671	89,562
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E		16,750
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct	3,948	3,058	33,443	64,989	51,608	7,573
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
136B	MENTAL	Solid Waste - Other Direct	25,535	23,724	27,144	26,613	25,117	22,044
136C	PROTECTION	Solid Waste - Construction				111,064	261,851	189,552
136D		Solid Waste - Purchase of P,P&E			100,539
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
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				24,251	-586	19,055
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				23,254	32,192	30,824
153B	RECREATION	Recreation & Parks - Other Direct				17,763	35,743	35,059
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	83,193	179,943	177,668	175,703	177,887	201,677
158B		Water & Sewer - Other Direct	267,663	232,233	253,589	234,487	245,933	194,987
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E						13,828
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	43,773	44,699	45,580	46,518	47,511	49,031
161D	SERVICE	Water & Sewer - Principal	21,500	20,500	19,500	22,293	22,794	34,416
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	2,315	3,035	262	517	919	2,248
166D		All Other - Principal	20,865	20,145	8,175	7,921	12,998	33,709
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	5,154	5,163	5,871
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	4,019	5,312	6,094	5,177	5,363	7,765
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	316,297.	359,377.00	372,025.00	403,109.00	410,890.00	353,095.00
180.0		Current year's levy -- Motor vehicles (only)	12,061.	15,520.00	16,420.00	18,242.00	18,639.00	18,649.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	29,911.	35,068.00	24,205.00	8,269.00	19,604.00	31,965.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	2,268	3,292	3,692	4,268	4,151	3,893
183.0	DATA	Percentage of Taxes Collected - All Property %	90.20	89.77	92.82	97.02	94.47	90.35
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	90.54	90.24	93.49	97.95	95.23	90.95
185.0		Percentage of Taxes Collected - Motor Vehicles %	81.20	78.79	77.52	76.60	77.73	79.12
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	1,807,117	1,596,636	1,344,374	1,128,269	837,543	526,251
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	1,353,302	1,458,392	1,632,720	1,713,060	1,944,202	1,686,596
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In						3,866
194D		Amount - Net Revenues	1,353,302	1,458,392	1,632,720	1,713,060	1,944,202	1,682,730
		Calculated amount	1,353,302	1,458,392	1,632,720	1,713,060	1,944,202	1,682,730
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	1,071,299	1,202,361	1,412,994	1,406,365	1,617,767	1,524,561
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out						3,866
195D		Amount - Net Expenditures	1,071,299	1,202,361	1,412,994	1,406,365	1,617,767	1,520,695
		Calculated amount	1,071,299	1,202,361	1,412,994	1,406,365	1,617,767	1,520,695
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					9,014,000
401B	Water /	Number of residential accounts billed Sewer					2,500
402A	Sewer	Amount processed and/or purchased in units Water	119	131	114,538	139,908	139,182,000
402B	Operations	Amount processed and/or purchased in units Sewer	78	110	98,293	95,682	10,215,000
403A		Total amount billed in units - Water	73	62	64,155	53,058,203,000	52,132,000
403B		Total amount billed in units - Sewer	63	82	85,267	69,361,671,000	61,155,000
404A		Of the total in 403A above how many units were Residential W	27	25	27,474	27,337,203,000	27,643,000
404B		Of the total in 403B above how many units were Residential S					9,014,000
405A		Of the total in 403 above, how many units were Outside Muni W					410
405B		Of the total in 403 above, how many units were Outside Muni S					9,014,000
406A		Of the total in 405A above how many units were Residential W					410
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	263,034	214,422	277,886	260,153	233,934
408A		Dollars related to 403A above	251,145	293,199	552,871	280,580	210,156
408B		Dollars related to 403B above	101,585	98,005	107,701	111,157	153,990
409A		Dollars related to 404A above	57,626	56,726	64,120	72,437	83,540
409B		Dollars related to 404B above					73,869
410A		Dollars related to 405A above					4,652
410B		Dollars related to 405B above					73,869
411A		Dollars related to 406A above					4,652
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	668	666	665	665
421A		Number of residential accounts billed - Water	404	403	408	403
421B		Number of residential accounts billed - Sewer	101	101	78	112
422A		Number of non-residential & bulk accounts billed - Water	82	82	73	91
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	Renee' Taylor
951.0		Title	Finance Officer
952.0		Date	10/31/2011	10/31/2010	10/31/2009	10/31/2008	10/31/2007	10/31/2006
953.0		Contact	Renee' Taylor
954.0		Title	Finance Officer
955.0		Phone	828-668-4244
956.0		Fax	828-668-2007
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	909	983	982	976	972	968
Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
Total Operating Revenues	$0	589,052	624,094	548,316	533,856	518,469
Total Operating Revenues Per Capita	$0	599	636	562	549	536
Group Weighted Average Revenues Per Capita	24	275	277	274	258	215
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	105.31%	102.97%	101.91%	108.50%	104.93%
Group Weighted Average	109.63%	108.37%	108.99%	108.37%	108.05%	109.50%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	-5.31%	-2.97%	-1.91%	-8.50%	-4.93%
Group Weighted Average	-9.63%	-8.37%	-8.99%	-8.37%	-8.05%	-9.50%
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	9.10%	1.06%	5.05%	4.83%	8.65%	8.02%
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	8.76%	0.62%	0.69%	0.94%	4.11%	5.64%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	-12.79%	-9.33%	-5.19%	-14.39%	-12.75%
Group Weighted Average	285.37%	28.10%	44.73%	20.28%	46.94%	46.03%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	12.18	10.48	8.18	5.70	2.67	1.82
Group Weighted Average	3.85	3.46	3.30	2.93	2.76	3.51
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	74.8	63.4	60.7	76.1	76.5
Group Weighted Average	3.7	62.5	55.9	47.5	49.0	47.0
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	372.5	274.2	178.9	91.2	54.1
Group Weighted Average	-35.5	602.4	648.8	600.1	591.3	635.4
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$153,831	166,170	180,777	142,011	99,722	123,154

Debt to Equity	0.00	0.14	0.14	0.14	0.14	0.15
Group Weighted Average	0.02	0.12	0.12	0.13	0.14	0.15
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	991	1,013	1,039	1,152	1,096
Group Weighted Average	5	273	283	311	316	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
	$0	0	8,634	86,855

Capital Contributions: Excluded from income above	$0	0	0	105,752	264,991	163,899


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	2,500	NA
Estimated population of the areas served Sewer	0	0	0	0	2,500	NA

Number of Gallons of Water Processed (000) omitted	119	131	114,538	139,908	139,182,000	NA
Number of Gallons of Sewage Processed (000) omitted	78	110	98,293	95,682	10,215,000	NA

Number of Gallons of Water Billed (000) omitted	73	62	64,155	53,058,203,000	52,132,000	NA
Number of Gallons of Sewage Billed (000) omitted	63	82	85,267	69,361,671,000	61,155,000	NA

Ratio of Water Billed to Water Processed	0.61057	0.47249	0.56012	379236.37676	0.37456	NA
Ratio of Sewage Billed to Sewage Processed	0.80840	0.74938	0.86748	724918.69944	5.98678	NA

Total Revenue from Water Sales	263,034	214,422	277,886	260,153	233,934	NA
Total Revenue from Sewage Sales	251,145	293,199	552,871	280,580	210,156	NA

Water Revenue per 1000 gallons of Sales					93.57360	NA
Sewage Revenue per 1000 gallons of Sales					84.06240	NA

Group Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
Group Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	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	$3,784.83607	3,990.43160	3.92011	0.00000	0.00557	NA
Residential Sewage Sales per thousand Gallons	$3,248.36528	3,877.37526	3.77465	0.00000	0.00504	NA

Water Sales per thousand Gallons outside Municipal Limits					0.00819	NA
Sewage Sales per thousand Gallons outside Municipal Limits					11.34634	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 %	97.25%	116.69%	122.52%	160.98%	0.00%
Group average FBA %	100.61%	88.65%	103.21%	100.58%	125.41%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	100.61%	37.47%	29.01%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 94.47% 97.02% 92.82% 89.77% 90.20%

Pop. Group 96.02% 96.16% 95.59% 95.20% 96.25%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 500 to 999

	2007	2008	2009	2010	2011
Municipality	94.47%	97.02%	92.82%	89.77%	90.20%
Pop. Group	96.02%	96.16%	95.59%	95.20%	96.25%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 1,063 1,039 1,013 991 1,048

Pop. Group 212 215 200 193 178

Statewide 478 456 455 449 450

Municipal Population Group: 500 to 999

	2007	2008	2009	2010	2011
Municipality	1,063	1,039	1,013	991	1,048
Pop. Group	212	215	200	193	178
Statewide	478	456	455	449	450

Municipal Population Group: 500 to 999

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2007 2008 2009 2010 2011

Property Tax $426 467 376 351 348

Utility 551 562 638 602 569

Sales Tax 221 222 213 153 153

Sales & Services 54 28 23 22 23

Intergovernmental 546 430 310 351 386

Debt Proceeds 2 15 89 0 1

Other Miscellaneous 200 31 14 5 9

Total $2,000 1,755 1,663 1,484 1,489

	2007	2008	2009	2010	2011
Property Tax	$426	467	376	351	348
Utility	551	562	638	602	569
Sales Tax	221	222	213	153	153
Sales & Services	54	28	23	22	23
Intergovernmental	546	430	310	351	386
Debt Proceeds	2	15	89	0	1
Other Miscellaneous	200	31	14	5	9
Total	$2,000	1,755	1,663	1,484	1,489

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2011
2011

Category Revenue
Per Capita

Property Tax $316,656
$348

Water/Sewer 1,925
2

Electric 514,982
567

Other Utilities 0
0

Sales Tax 138,521
153

Sales & Services 21,319
23

Intergovernment 351,022
386

Debt Proceeds 749
1

Miscellaneous 8,128
9

Total $1,353,302
$1,489

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

General Government $272,231
$301

Water/Sewer 0
0

Electric 350,856
386

Other Utilities 0
0

Debt Service 88,453
97

Transportation 142,214
156

Public Safety 192,010
211

Other 25,535
28

Total $1,071,299
$1,179

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $336,094
$370

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 0
0

Other Operating 735,205
809

Total $1,071,299
$1,179

Municipal Population Group: No Electric 500 to 999

Last Updated 2/7/2012 2:34:47 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$316,656	$348
Water/Sewer	1,925	2
Electric	514,982	567
Other Utilities	0	0
Sales Tax	138,521	153
Sales & Services	21,319	23
Intergovernment	351,022	386
Debt Proceeds	749	1
Miscellaneous	8,128	9
Total	$1,353,302	$1,489

Municipal Population Group: No Electric 500 to 999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Old Fort

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Old Fort