North Carolina
Department of State Treasurer
Financial Information
Town of Parkton

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			2008	2007	2006	2005	2004	2003
	Revenues by Source
		Property Tax	$108,226	108,085	106,693	60,619	60,257	70,940
		Utility	170,676	174,864	98,980	170,183	121,782	126,160
		Sales Tax	106,809	104,362	93,379	74,415	70,973	48,680
		Sales & Services	36,068	35,519	27,477	19,925	22,928	8,824
		Intergovernmental	159,165	46,991	49,297	53,453	98,560	146,085
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	48,723	27,665	43,948	40,692	3,992	17,741
		Total	$629,667	497,486	419,774	419,287	378,492	418,430

	Expenditures by Function
		Utility	$214,907	210,049	193,303	170,072	212,478	164,740
		Debt Service	2,047	1,903	2,939	3,319	3,699	-
		Transportation	2,144	2,750	16,668	3,477	13,307	27,942
		General Government	135,096	121,939	124,473	113,013	81,144	75,129
		Public Safety	67,848	62,980	59,533	102,929	115,460	131,883
		Other	130,154	28,585	34,478	534	771	1,703
		Total	$552,196	428,206	431,394	393,344	426,859	401,397

	Expenditures by Object
		Salaries & Wages	$159,306	137,393	143,505	178,297	105,474	115,437
		Capital Outlay	-	-	-	-	11,795	12,076
		Other Operating + Debt Service	392,890	290,813	287,889	215,047	309,590	273,884
		Total	$552,196	428,206	431,394	393,344	426,859	401,397


	Per Capita Revenues by Source
		Property Tax	$199	199	198	113	139	164
		Utility	313	321	183	317	281	291
		Sales Tax	196	192	173	138	164	113
		Sales & Services	66	65	51	37	53	20
		Intergovernmental	292	86	91	100	228	337
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	89	51	81	76	9	41
		Total	$1,155	914	777	781	874	966

	Per Capita Expenditures by Function
		Utility	$394	386	358	317	491	380
		Debt Service	4	3	5	6	9	-
		Transportation	4	5	31	6	31	65
		General Government	248	224	231	210	186	173
		Public Safety	124	116	110	192	267	305
		Other	239	53	64	1	2	4
		Total	$1,013	787	799	732	986	927

	Per Capita Expenditures by Object
		Salaries & Wages	$292	253	266	332	244	267
		Capital Outlay	-	-	-	-	27	28
		Other Operating	721	534	533	400	715	632
		Total	$1,013	787	799	732	986	927

	Population Group		No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 499 and Below	No Electric 499 and Below
		Number of Municipalites in Group	95	96	95	96	124	126
		Average Population In Group	730	726	727	731	266	267
		Town of Parkton Population	545	544	540	537	433	433
	Group Average Per Capita Revenues by Source
		Property Tax	374	335	298	276	472	437
		Utility	384	350	306	270	291	261
		Sales Tax	176	166	155	150	134	116
		Sales & Services	62	65	51	49	62	65
		Intergovernmental	271	366	360	367	491	397
		Debt Proceeds	83	67	73	139	96	23
		Other Miscellaneous	240	250	188	130	230	253
		Total	1,590	1,599	1,431	1,381	1,776	1,552

	Group Average Per Capita Expenditures by Function
		Utility	390	404	484	538	399	436
		Debt Service	90	83	71	58	82	75
		Transportation	137	153	117	109	151	117
		General Government	301	312	224	211	295	273
		Public Safety	273	250	241	219	252	221
		Other	274	280	292	192	402	297
		Total	1,465	1,482	1,429	1,327	1,581	1,419

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	378	352	309	299	348	298
		Capital Outlay	262	334	370	432	500	423
		Other Operating	825	796	750	596	733	698
		Total	1,465	1,482	1,429	1,327	1,581	1,419


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$458,965	322,622	319,169	249,104	256,710	225,210
	General Fund expenditures		335,242	215,351	235,242	219,953	210,682	236,657
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		-	-	102,334	-	-	-
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		123,723	107,271	(18,407)	29,151	46,028	(11,447)

	Fund balance available (FBA):
		In dollars	$335,546	218,395	116,950	81,821	31,463	26,343
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	100.09	101.41	34.64	37.20	14.93	11.13
		Group weighted average FBA %	87.97	100.30	101.57	105.22	128.31	118.72
		State weighted average Non-Electric Group	36.47	37.14	36.51	36.90	36.42	36.42
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$14,880	7,690	(8,383)	(69,436)	(162,113)	(75,875)
		Quick ratio	1.62	1.39	0.74	0.26	0.16	0.19
		Net income	(46,252)	(37,088)	6,697	(3,208)	(94,395)	28,480
		Cashflow from operations	20,406	14,816	(30,606)	22,795	47,875	15,042
		Depreciation & Amortization Expense	63,204	63,274	63,819	31,283	28,266	28,266



Cash, Investments and Financing Go to top of page			2008	2007	2006	2005	2004	2003

		Population at July 1st of the Previous Year	545	544	540	537	433	433
		Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 499 and Below	No Electric 499 and Below
		Cash &Investments	$357,980	231,568	126,728	101,460	80,269	62,023
		Investment Earnings	4,179	3,559	1,949	1,269	34	15,235
		Tax Rate Equivalent	0.0164	0.0142	0.0069	0.0096	0.0003	0.0053
		Tax Rate Equivalent Group weighted average	0.0243	0.0375	0.0327	0.0200	0.0098	0.0129
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2005	2005	2005	1996	1996	1996
		January 1, Prior Year Assessed Valuation	$25,459,242	25,137,499	28,436,472	13,201,093	13,505,996	285,000,000
		Tax Rate	0.4700	0.4700	0.4700	0.4700	0.4700	0.4700
		Tax Rate Group weighted average	0.1929	0.2310	0.2737	0.3263	0.3240	0.3336
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	89.72	90.46	97.30	90.58	90.58	89.88
		Assessment -to-Sales Ratio Group weighted average	87.77	77.67	88.06	77.84	94.38	82.33
		Assessment -to-Sales Ratio Statewide	88.52	88.41	92.28	92.35	92.18	89.54
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$28,376,329	27,788,524	29,225,562	14,573,960	14,910,572	317,089,453
		EffectiveTax Rate	0.4217	0.4252	0.4573	0.4257	0.4257	0.4224
		Group weighted average Effective Tax Rate	0.1693	0.1794	0.2410	0.2540	0.3058	0.2746
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	92.22	93.41	87.09	97.23	67.65	0.00
		Percent Collected Group weighted average	97.29	96.02	95.56	95.90	97.61	89.81
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	93.22	92.83	85.33	96.61	70.73	0.00
		Percent Collected Excluding Motor Vehicles Group weighted average	97.38	97.36	97.10	96.98	98.45	98.35
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.66	98.59	98.61	98.36	98.26	98.31
		Percent Collected Motor Vehicles Only	81.97	100.00	100.00	100.00	54.72	0.00
		Percent Collected Motor Vehicles Only Group weighted average	82.90	81.48	82.58	83.94	83.78	84.50
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	1,980	7,627	15,816	1,716	19,709	0
		Tax Rate Equivalent	0.0078	0.0303	0.0556	0.0130	0.1459	0.0000
		Dominant County: Robeson
	Debt Information
		Population Group	500 to 999	500 to 999	500 to 999	500 to 999	Under 500	Under 500
		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	$16,675	20,375	23,875	27,175	30,375	33,375
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	16,675	20,375	23,875	27,175	30,375	33,375
		Per Capita	$31	37	44	51	70	77
		Total Per Capita for the Population Group	216	212	223	227	300	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0588%	0.0733%	0.0817%	0.1865%	0.2037%	0.0105%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0884%	0.1085%	0.1673%	0.1884%	0.2110%	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4131%	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	$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	$17,887	23,850	29,812	35,775	41,737	47,700


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		545	544	540	537	433	433

1A	Non GASB34	General Fund Assets						131,555
1B	FISCAL	General Fund Liabilities						49,220
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	411,909	288,686	204,252	216,695	243,264
1.5B	FISCAL	Governmental Activities Liabilities	2,898	2,360	1,965	10,523	35,680
3.5A	SUMMARY	Business Type Activities Assets	1,993,744	2,114,544	2,114,544	2,118,590	2,146,800	2,082,003
3.5B		Business Type Activities Liabilties	38,671	48,099	76,131	86,874	187,827	171,193
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						261,342
9B		General Long term debt - Liabilities
10	PART 2	Current collections of unit-wide levy	108,226	108,085	106,693	60,588	59,958	47,302
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections						730
13		Penalties and interest				31	299	29
14		Collection of taxes previously written off						22,879
15		Animal tax
16		1% Local government sales and use tax	106,809	104,362	93,379	74,415
17		1/2% Local government sales and use taxes (Article 40)
18		1/2% Local government sales and use taxes (Article 42)
18.5		1/2% Local government sales and use taxes (Article 44)					70,973	48,680
19		Licenses Privilege					1,015	630
19.1		Privilege - Occupational & business licensing & permit taxes	1,075	425	900	1,175
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax						195
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety						50,868
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution				243		1,061
44		Utility franchise tax	36,024	25,381	22,320	16,866	21,528	17,015
45		Beer and Wine tax
46		Powell Bill	24,174	21,610	21,977	19,718	16,954	18,579
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees
51		General Government
52		Public safety			5,000	16,626	59,625
53		Transportation - Streets	98,967
54		Transportation - All other
55		Environmental protection
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation					200
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety					253
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development						58,562
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits					1,650
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	750	400	450	375		150
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties
76		Airport
77		Fire protection charges						326
78		Solid waste	36,068	35,519	27,477	20,385	21,428
79		Ambulance and rescue squad charges
80		Cemeteries					1,500
81		Recreation service revenues				-460
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services						8,498
86	UTILITY	Water and sewer charges	170,676	174,864	98,980	170,183	121,782	126,160
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds						31
90	REVENUES	On general and all other funds	4,179	3,559	1,949	1,269	34	15,235
91		Special assessments
92		Private contribution and donations						1,500
93		Sales of materials and fixed assets
94		Sales of real property			1,000	3,000
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution
98		Other miscellaneous revenues	42,719	23,281	39,649	34,873
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases
101		Other					1,293
102	NON-REV	Supplemental schools taxes - current levy collections						39,626
103	RECEIPTS	Prior years' levy collections						730
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits						17,015
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	74,085	63,029	61,673
109B	GENERAL	Governing body - All other Direct	61,011	58,910	62,800
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries				73,854	15,455	19,878
110B		Administration - All other Direct				39,159	65,094	55,251
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures					595
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 - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
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
115B		Public Buildings - All other Direct
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 - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	45,639	39,520	37,922	46,106	40,543	62,797
119B	SAFETY	Police and Communications - All other Direct	17,358	19,860	17,158	52,593	42,910	48,585
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures					11,200	5,076
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct					3,379
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct						9,269
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries
122B		Fire - All other Direct
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct	1,100	1,100	1,200	1,100
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
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries			6,220	1,721	7,815
128B		Streets and Highways - All other Direct	2,144	2,750	10,448	1,756	5,492
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures
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 - Salries						9,795
130B		State Street Aid Allocation - Powell Bill - All other Direct						11,147
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures						7,000
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
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
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures
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				534
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct	31,187	28,585	34,478
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
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
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - 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
153A	CULTURE	Recreation and Parks - Salaries
153B	RECREATION	Recreation and Parks - All other Direct					513	820
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures
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 Direct	98,967				258
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	39,582	34,844	37,690	56,616	41,661	22,967
158B		Water and Sewer - All other Direct	175,325	175,205	155,613	113,456	170,817	141,773
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures
159A		Electric Power - Salaries
159B		Electric Power - All other Direct
159C		Electric Power - Construction
159D		Electric Power - Land, Equipment, and Existing Structures
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
161B	DEBT	Water and Sewer - Debt Service Interest Payments	2,047	1,903	2,939	3,319	3,699
161D	SERVICE	Water and Sewer - Debt Service Principal Payments
162B		Electric - Debt Service Interest Payments
162D		Electric - Debt Service Principal Payments
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 Payments
166D		All Other - Debt Service Principal Payments
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	3,751	2,500	3,253	3,130	17,428	6,156
172B		Fringe Benefits Other - (B)						883
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-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)
174C		General Governmental Actitivies shared with the County (Amount)
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 6	Current Year Levy Excluding Motor Vehicles	107,945	106,317	107,815	50,692	49,191
180	OTHER	Current Year Levy Motor Vehicles Only	10,470	9,440	14,694	11,155	11,725
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	7,322	7,627	15,816	1,716	14,400
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	1,888				5,309
183		Percentage of Taxes Collected - Current Year All Property	92.22	93.41	87.09	97.23	67.65	0.00
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	93.22	92.83	85.33	96.61	70.73	0.00
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	81.97	100.00	100.00	100.00	54.72	0.00
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
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	357,980	231,568	126,728	101,460	80,269	62,023
190A	PART	Appropriations made during the fiscal year pursuant to subsections b (1- 7)
190B	8	Expenditures 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.
194A	PART 9	Amounts - Total Revenues and other financing sources per audit	629,667	497,486	522,108	419,287	378,492	418,430
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in			102,334
194D		Amounts - Net Revenues per AFIR	629,667	497,486	419,774	419,287	378,492	418,430
		Calculated amount	629,667	497,486	419,774	419,287	378,492	418,430
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	552,196	428,206	533,728	393,344	426,859	401,397
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out			102,334
195D		Amounts Net Expenditures per AFIR	552,196	428,206	431,394	393,344	426,859	401,397
		Calculated amount	552,196	428,206	431,394	393,344	426,859	401,397
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Angela Young
951		Title of Official	Finance Officer
952		Date Certified	01/22/2009	01/17/2008	01/15/2007
953		Person to Contact	Angela Young
954		Title of Person to Contact	Finance Officer
955		Telephone Number	910-858-3360
956		Facsimile Number	910-858-9808

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

	2008	2007	2006	2005	2004	2003

Population	545	544	540	537	433	433
Population Group	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 499 and Below	No Electric 499 and Below
Total Operating Revenues	$170,676	174,864	100,605	170,183	121,782	126,160
Total Operating Revenues Per Capita	$313	321	186	317	281	291
Group Weighted Average Revenues Per Capita	491	503	404	361	458	433
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	125.92%	120.12%	192.14%	99.93%	174.47%	127.37%
Group Weighted Average	111.96%	101.46%	106.83%	114.56%	113.88%	111.86%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	-25.92%	-20.12%	-92.14%	0.07%	-74.47%	-27.37%
Group Weighted Average	-11.96%	-1.46%	-6.83%	-14.56%	-13.88%	-11.86%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	0.00%	0.00%	101.72%	0.00%	0.00%	0.00%
Group Weighted Average	-0.20%	2.51%	0.61%	-21.67%	-1.78%	-1.67%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	-27.10%	-21.21%	6.66%	-1.89%	-77.51%	-23.84%
Group Weighted Average	-7.18%	1.42%	-1.26%	-30.31%	-12.02%	-13.35%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	1.62	1.39	0.74	0.26	0.16	0.19
Group Weighted Average	2.98	2.79	3.48	3.33	2.91	3.17
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	43.4	34.3	57.9	33.2	55.9	57.8
Group Weighted Average	62.5	65.0	69.8	81.8	65.9	57.3
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	47.0	26.9	22.0	24.0	26.0	0.0
Group Weighted Average	382.6	386.6	400.6	362.5	361.6	392.6
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	$20,406	14,816	-30,606	22,795	47,875	15,042

Debt to Equity	0.02	0.02	0.03	0.03	0.03	0.04
Group Weighted Average	0.15	0.16	0.17	0.19	0.12	0.14
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	63	80	99	127	150	179
Group Weighted Average	613	660	612	625	531	577
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$0	0	0	0	0	0

	2002	2001	2000	1999
	$0	0	2,300	0

Capital Contributions: Excluded from income above	$0	0	0	0	0	58,562


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	0	0	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	0	0	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	NA	NA	NA	NA

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

Total Revenue from Water Sales	0	0	NA	NA	NA	NA
Total Revenue from Sewage Sales	0	0	NA	NA	NA	NA

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

Group Average Sales per thousand Gallons Water	$13,144.87654	$5,350.70834	NA	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$10,395.28087	$3,921.08643	NA	NA	NA	NA

State Average Sales per thousand Gallons Water	$13,144.87654	$5,350.70834	NA	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$10,395.28087	$3,921.08643	NA	NA	NA	NA

Residential Water Sales per thousand Gallons			NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons			NA	NA	NA	NA

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

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

	2004	2005	2006	2007	2008
Unit's FBA %	14.93%	37.20%	34.64%	101.41%	100.09%
Group average FBA %	128.31%	105.22%	101.57%	100.30%	87.97%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	128.31%	36.37%	36.20%

Municipal Population Group: No Electric 500 to 999

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2004 2005 2006 2007 2008

Municipality 67.65% 97.23% 87.09% 93.41% 92.22%

Pop. Group 97.61% 95.90% 95.56% 96.02% 97.29%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: No Electric 500 to 999

	2004	2005	2006	2007	2008
Municipality	67.65%	97.23%	87.09%	93.41%	92.22%
Pop. Group	97.61%	95.90%	95.56%	96.02%	97.29%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: No Electric 500 to 999

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2004 2005 2006 2007 2008

Municipality 70 51 44 37 31

Pop. Group 300 227 223 212 216

Statewide 548 505 495 478 456

Municipal Population Group: 500 to 999

	2004	2005	2006	2007	2008
Municipality	70	51	44	37	31
Pop. Group	300	227	223	212	216
Statewide	548	505	495	478	456

Municipal Population Group: 500 to 999

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2004 2005 2006 2007 2008

Property Tax $139 113 198 199 199

Utility 281 317 183 321 313

Sales Tax 164 138 173 192 196

Sales & Services 53 37 51 65 66

Intergovernmental 228 100 91 86 292

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 9 76 81 51 89

Total $874 781 777 914 1,155

	2004	2005	2006	2007	2008
Property Tax	$139	113	198	199	199
Utility	281	317	183	321	313
Sales Tax	164	138	173	192	196
Sales & Services	53	37	51	65	66
Intergovernmental	228	100	91	86	292
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	9	76	81	51	89
Total	$874	781	777	914	1,155

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2008
2008

Category Revenue
Per Capita

Property Tax $108,226
$199

Water/Sewer 170,676
313

Electric 0
0

Other Utilities 0
0

Sales Tax 106,809
196

Sales & Services 36,068
66

Intergovernment 159,165
292

Debt Proceeds 0
0

Miscellaneous 48,723
89

Total $629,667
$1,155

Municipal Population Group: No Electric 500 to 999

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2008
2008

Category Expenditures
Per Capita

General Government $135,096
$248

Water/Sewer 214,907
394

Electric 0
0

Other Utilities 0
0

Debt Service 2,047
4

Transportation 2,144
4

Public Safety 67,848
124

Other 130,154
239

Total $552,196
$1,013

Municipal Population Group: No Electric 500 to 999

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $159,306
$292

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 0
0

Other Operating 392,890
721

Total $552,196
$1,013

Municipal Population Group: No Electric 500 to 999

Last Updated 8/27/2009 7:53:00 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$108,226	$199
Water/Sewer	170,676	313
Electric	0	0
Other Utilities	0	0
Sales Tax	106,809	196
Sales & Services	36,068	66
Intergovernment	159,165	292
Debt Proceeds	0	0
Miscellaneous	48,723	89
Total	$629,667	$1,155

Municipal Population Group: No Electric 500 to 999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Parkton

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Parkton