North Carolina
Department of State Treasurer
Financial Information
Town of Pikeville



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
Go to Wayne County Map Page



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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201120102009200820072006

Revenues by Source







Property Tax$223,510 226,045 218,492 183,941 176,326 179,959


Utility 1,655,111 1,539,760 1,435,201 1,415,093 1,337,203 1,250,341


Sales Tax 91,452 87,977 78,722 87,563 88,750 89,534


Sales & Services 50,257 50,356 48,277 64,134 60,995 56,346


Intergovernmental 80,527 1,016,281 82,694 82,896 69,696 78,946


Debt Proceeds 3,172 4,620 3,892 755,262 4,032 201,191


Other Miscellaneous 5,180 67,658 33,618 92,810 78,322 100,306


Total$2,109,209 2,992,697 1,900,896 2,681,699 1,815,324 1,956,623










Expenditures by Function







Utility$1,398,781 2,528,148 1,454,354 2,212,607 2,448,689 3,583,495


Debt Service 138,816 142,545 144,201 78,452 81,958 44,848


Transportation 70,147 59,074 74,991 80,927 71,847 79,577


General Government 79,863 103,128 69,661 75,552 73,166 67,792


Public Safety 213,461 240,335 194,384 190,801 178,063 191,887


Other 82,392 85,156 115,945 127,120 94,713 142,276


Total$1,983,460 3,158,386 2,053,536 2,765,459 2,948,436 4,109,875










Expenditures by Object







Salaries & Wages$379,292 421,269 368,638 328,765 324,978 315,451


Capital Outlay - 1,159,894 101,681 1,018,594 1,268,537 2,537,721


Other Operating + Debt Service 1,604,168 1,577,223 1,583,217 1,418,100 1,354,921 1,256,703


Total$1,983,460 3,158,386 2,053,536 2,765,459 2,948,436 4,109,875



















Per Capita Revenues by Source







Property Tax$329 322 311 262 249 252


Utility 2,434 2,190 2,042 2,013 1,886 1,751


Sales Tax 134 124 110 125 125 125


Sales & Services 74 72 69 91 86 79


Intergovernmental 118 1,446 118 118 98 111


Debt Proceeds 5 7 6 1,074 6 282


Other Miscellaneous 8 96 48 132 110 140


Total$3,102 4,257 2,704 3,815 2,560 2,740










Per Capita Expenditures by Function







Utility$2,057 3,596 2,069 3,147 3,454 5,019


Debt Service 204 203 205 112 116 63


Transportation 103 84 107 115 101 111


General Government 118 147 98 108 103 95


Public Safety 314 342 277 271 251 269


Other 121 121 165 181 134 199


Total$2,917 4,493 2,921 3,934 4,159 5,756










Per Capita Expenditures by Object







Salaries & Wages$558 599 524 468 458 442


Capital Outlay - 1,650 145 1,449 1,789 3,554


Other Operating 2,359 2,244 2,252 2,017 1,912 1,760


Total$2,917 4,493 2,921 3,934 4,159 5,756










Population GroupElectric 500 to 999 Electric 500 to 999 Electric 500 to 999 Electric 500 to 999 Electric 500 to 999 Electric 500 to 999


Number of Municipalites in Group 4 6 6 6 6 6


Average Population In Group 792 782 775 765 762 760


Town of Pikeville Population 680 703 703 703 709 714

Group Average Per Capita Revenues by Source







Property Tax 987 719712690632556


Utility 4,038 3,2803,0593,0292,8452,647


Sales Tax 311 233265270256246


Sales & Services 525 365188197186164


Intergovernmental 430 796388241238476


Debt Proceeds 692 5029717819870


Other Miscellaneous 301 101316363210326


Total 7,284 5,9965,0254,9684,5654,485










Group Average Per Capita Expenditures by Function







Utility 4,660 3,8563,0822,7352,7834,144


Debt Service 838 90725948091


Transportation 556 259263339300252


General Government 502 612533352363305


Public Safety 754 531560501396435


Other 617 459390512367436


Total 7,927 5,8074,9004,4984,6895,663










Group Average Per Capita Expenditures by Object







Salaries & Wages 1,826 1,2891,1661,0961,0281,010


Capital Outlay 1,754 1,4228887417312,220


Other Operating 4,347 3,0962,8462,6612,9302,433


Total 7,927 5,8074,9004,4984,6895,663


















General Fund
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201120102009200820072006

General Fund revenues$454,581 492,530 448,104 449,795 435,211 438,196

General Fund expenditures 445,863 487,693 454,981 474,400 417,789 398,225

Operating transfers in - - - - - 629

Operating transfers out - 114,500 - - 65,000 -

Capital leases and installment purchase proceeds - - - - - -

Other items - 25,100 850 5,000 - -

Excess of revenues and other sources over (under) expenditures and other uses 8,718 (84,563) (6,027) (19,605) (47,578) 40,600










Fund balance available (FBA):







In dollars$0 489,388 586,903 589,812 547,899 597,985


FBA as a % of GF Net Expenditures:







Unit's FBA %0.0081.27129.00124.33113.49150.16


Group weighted average FBA %39.9464.7475.9267.2271.5068.27


State weighted average Electric Group67.1333.6034.3335.3533.9235.62


State weighted average FBA %29.0137.4737.0336.3536.5436.96

















Enterprise Funds:
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Electric, Water/Sewer













Combined financial results:







Working capital$809,606 627,198 781,183 746,357 685,836 636,911


Quick ratio3.87 3.11 3.88 3.35 3.72 3.45


Net income(2,011)945,583 (145,272)558,264 1,057,690 2,496,503


Cashflow from operations228,546 146,715 71,197 220,034 114,907 64,180


Depreciation & Amortization Expense216,831 199,426 180,833 150,546 85,432 34,844


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year680703703703709714


Population GroupElectric 500 to 999 Electric 500 to 999 Electric 500 to 999 Electric 500 to 999 Electric 500 to 999 Electric 500 to 999


Cash &Investments$1,429,889 $1,252,752 $1,505,874 $1,509,696 $1,372,860 $1,381,177


Investment Earnings2,442 12,173 28,625 84,621 71,123 52,106


Tax Rate Equivalent0.00640.03170.07720.23210.19730.1467


Tax Rate Equivalent Group weighted average0.00230.00790.01830.03200.05270.0472


Tax Rate Equivalent Statewide weighted average0.01560.02470.01330.05240.09200.0573


Latest year of Revaluation 200320032003200320032003


January 1, Prior Year Assessed Valuation$38,068,325 38,426,984 37,093,010 36,460,627 36,040,683 35,512,332


Tax Rate0.60000.60000.60000.50000.50000.5000


Tax Rate Group weighted average0.15580.16640.16640.16150.47270.1969


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio99.4782.6782.8187.9590.8394.52


Assessment -to-Sales Ratio Group weighted average112.36108.0895.8598.9878.7790.14


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$38,271,162 46,482,381 44,792,911 41,456,085 39,679,272 37,571,236


EffectiveTax Rate0.59680.49600.49690.43980.45420.4726


Group weighted average Effective Tax Rate0.17500.17990.15950.15990.37230.1775


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected96.480097.110096.440096.310096.440096.6200


Percent Collected Group weighted average97.3797.1297.0197.6898.8196.70


Percent Collected Statewide97.5997.3697.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles97.4198.5097.7198.3698.7799.10


Percent Collected Excluding Motor Vehicles Group weighted average97.9797.6297.4598.3998.6597.47


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 90.9489.9389.3485.8582.7183.11


Percent Collected Motor Vehicles Only Group weighted average87.3085.3584.4782.3883.2982.35


Percent Collected Motor Vehicles Only Statewide weighted average 87.2886.3486.5586.7486.7186.80


Tax Uncollected37,497 39,391 37,598 32,463 27,332 28,732


Tax Rate Equivalent0.09850.10250.10140.08900.07580.0809


Dominant County: Wayne






Debt Information








Population Group500 to 999500 to 999500 to 999500 to 999500 to 999500 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$0 0 0 0 0 0


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group178 193 200 215 212 223


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0954%0.0895%0.0813%0.0884%0.1085%0.1673%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4280%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 Government0 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 $1,198,630 1,295,936 1,391,686 1,485,941 792,713 849,484


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes680703703703709714









1.5AFISCAL Governmental Activities Assets826,528835,5201,023,4311,049,2151,094,3141,106,730
1.5BSUMMARYGovernmental Activities Liabilities12,04810,64011,59312,46110,27013,544
3.5A
Business Type Activities Assets7,801,5597,916,6307,048,3577,323,1436,137,1034,990,991
3.5B
Business Type Activities Liabilties1,375,0621,488,1221,565,4321,694,9461,067,170978,748
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy222,186218,767211,664176,050169,488170,635
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections
5,6915,0665,5835,4307,335
13.0
Penalties and Interest1,3241,5871,7622,3081,4081,989
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax483




16.0
1% Local Government Option Sales Tax54,73443,98939,36143,78144,37544,767
17.0
1/2% Local Government Option Sales Tax (40)19,50321,99419,68021,89122,18722,383
18.0
1/2% Local Government Option Sales Tax (42)17,50421,99419,68121,89122,18822,384
18.5
1/2% Local Government Option Sales Tax (44)-289




19.0
Privilege Licenses





19.2
Privilege -- All other privileges and pemits1,677




20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses
1,4821,6801,5056,6115,853
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety





31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection





34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.





35.0
Econ. & Phys. Dev. - All Other





36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional Hold Harmless





42.0
Wireless Enhanced 911 Service Charges





42.1
Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)





42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution1,7631217
2
44.0
Utility Franchise Tax29,67756,08056,46851,88743,43540,639
45.0
Beer and Wine Tax946292897894863798
46.0
Powell Bill22,19022,09324,98528,14825,39625,930
50.0
Court Fees - Facilities and Arrest Fees567




51.0
General Government





52.0
Public Safety25,38437,804
1,967
11,579
53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection
900,000327


56.0
Econ. & Phys. Dev. - Housing/Community Dev





57.0
Econ. & Phys. Dev. - All Other





58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation





61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





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




41,420
71.0PERMITS Building Permits1,0611,4232,463403588927
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties5,8254,6455,6157,2857,0256,950
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste44,43244,76141,46242,34942,32040,780
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries
9501,20014,50011,6508,616
81.0
Recreation Service Revenues





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





86.0UTILITYWater and Sewer Charges369,158372,455371,254420,317365,317306,452
87.0REVENUESElectric Charges1,285,9531,167,3051,063,947994,776971,886943,889
88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds2,44212,17328,62584,62171,12352,106
91.0
Special Assessments





92.0
Private Contributions and Donations
24,980



93.0
Sales of Materials and Fixed Assets
2,5008506,281

94.0
Sale of Real Property
25,100



95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution





98.0
Other Miscellaneous Revenues3,1724,6203,8925,2624,0324,362
99.0
Proceeds of Sale of Bonds and Notes


750,000
196,829
100.0
Proceeds of Capital Leases/Install Purchases





101.0
Other


483,043929,7442,434,042
102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits
6,9501,1003,5503,550-12,550
106.0
Deposits Other than Utility





107.0
Prepaid Taxes
66-317-209-136-136
108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages2,8263,9434,6565,9755,9545,850
109BGENERALGoverning Body - Other Direct7,0803,4123,4034,2602,5821,759
109CGOVTGoverning Body - Construction





109D
Governing Body - Purchase of P,P&E





110A
Administration - Salaries & Wages28,27626,52823,12325,18728,61827,871
110B
Administration - Other Direct41,68145,65638,47940,13034,77532,312
110C
Administration - Construction





110D
Administration - Purchase of P,P&E
23,589

1,237
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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages145,074176,384118,384124,934114,446100,631
119BSAFETYPolice & Comm - Traffic Control - Other Direct32,65630,18433,94834,48029,77422,963
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E

9,345

40,189
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 Direct28,00029,00029,00027,00027,00025,000
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





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E





128A
Streets and Highways - Salaries & Wages26,04624,87925,50925,39427,09822,963
128B
Streets and Highways - Other Direct44,10134,19549,48255,53332,99656,614
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E



11,753
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





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





136AENVIRONSolid Waste - Salaries & Wages




10,366
136BMENTALSolid Waste - Other Direct41,95341,86541,24040,46838,46824,923
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E





137A
Drainage & Watershed - Salaries & Wages





137B
Drainage & Watershed - Other Direct





137C
Drainage & Watershed - Construction





137D
Drainage & Watershed - Purchase of P,P&E





138A
Cemeteries - Salaries & Wages





138B
Cemeteries - Other Direct8665742,0827651,1181,092
138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E
6,021

6,200
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





140AECONOMICPlanning & Zoning - Salaries & Wages





140B& PHYSICALPlanning & Zoning - Other Direct





140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct





141C
Economic Development - Construction





141D
Economic Development - Purchase of P,P&E





142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct





142C
Community Development - Construction





142D
Community Development - Purchase of P,P&E





143A
Housing & Urban Renewal - Salaries & Wages





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





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - 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





153ACULTURE Recreation & Parks - Salaries & Wages17,11916,46327,09729,82915,783
153BRECREATIONRecreation & Parks - Other Direct15,37913,67033,92045,86119,27615,853
153C
Recreation & Parks - Construction




83,307
153D
Recreation & Parks - Purchase of P,P&E


4,0006,200
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 Direct7,0756,5636,8976,1977,6686,735
156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E

4,709


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





158AUTILITYWater & Sewer - Salaries & Wages109,954127,105104,73087,92691,230120,194
158B
Water & Sewer - Other Direct 192,060189,586178,558166,770173,761134,370
158C
Water & Sewer - Construction
1,083,489
299,3661,222,1832,405,150
158D
Water & Sewer - Purchase of P,P&E
24,98038,303

9,075
159A
Electric Power - Salaries & Wages49,99745,96765,13929,52041,84927,576
159B
Electric Power - Other Direct1,046,7701,035,2061,018,300913,797898,702887,130
159C
Electric Power - Construction


709,918

159D
Electric Power - Purchase of P,P&E
21,81549,3245,31020,964
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





161BDEBTWater & Sewer - Interest & Fees16,37018,36620,02221,68025,18713,077
161DSERVICEWater & Sewer - Principal56,77156,77156,77156,77256,77131,771
162B
Electric - Interest & Fees25,14028,42929,924


162D
Electric - Principal40,53538,97937,484


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





166D
All Other - Principal





167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement7,7314,7673,7074,3876,8433,104
172B
Fringe Benefits Other





173AINTERGOVMulti-Cnty Libr Dis,Cnty,Or Other - Recipient





173BEXPENDMulti-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 vehicles192,421.188,709.00186,157.00152,852.00150,250.00149,218.00
180.0
Current year's levy -- Motor vehicles (only)32,519.36,565.0033,329.0029,949.0025,488.0027,388.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh4,978.2,826.004,269.002,514.001,844.001,344.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles2,9453,6813,5534,2374,4064,627
183.0DATAPercentage of Taxes Collected - All Property %96.4897.1196.4496.3196.4496.62
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%97.4198.5097.7198.3698.7799.10
185.0
Percentage of Taxes Collected - Motor Vehicles %90.9489.9389.3485.8582.7183.11
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





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond


14,603

189CINVESTCash On Hand & in Bank - All Other1,429,8891,252,7521,505,8741,509,6961,372,8601,381,177
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures 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





194APART 9Amount - Total Revenues2,109,6923,169,6971,900,8963,230,2922,810,0684,391,294
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In
177,000
65,55065,000629
194D
Amount - Net Revenues2,109,6922,992,6971,900,8963,164,7422,745,0684,390,665


Calculated amount2,109,6922,992,6971,900,8963,164,7422,745,0684,390,665


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures1,983,4603,335,3862,053,5362,831,0093,013,4364,110,504
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out
177,000
65,55065,000629
195D
Amount - Net Expenditures1,983,4603,158,3862,053,5362,765,4592,948,4364,109,875


Calculated amount1,983,4603,158,3862,053,5362,765,4592,948,4364,109,875


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



5,044
401BWater /Number of residential accounts billed Sewer



243
402ASewer Amount processed and/or purchased in units Water3732,708,2002422,96031,814
402BOperationsAmount processed and/or purchased in units Sewer3141,606,7903936,86151,224
403A
Total amount billed in units - Water191,697,0622221,87721,871
403B
Total amount billed in units - Sewer161,435,2111817,64717,879
404A
Of the total in 403A above how many units were Residential W161,338,7581818,01419,789
404B
Of the total in 403B above how many units were Residential S



5,044
405A
Of the total in 403 above, how many units were Outside Muni W



1,520
405B
Of the total in 403 above, how many units were Outside Muni S



5,044
406A
Of the total in 405A above how many units were Residential W



1,520
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 bulk167,518171,731168,676179,824178,677
408A
Dollars related to 403A above162,264171,893169,301182,542170,594
408B
Dollars related to 403B above143,699112,159152,203155,700152,236
409A
Dollars related to 404A above133,33111,434146,808135,207144,924
409B
Dollars related to 404B above



35,004
410A
Dollars related to 405A above



15,118
410B
Dollars related to 405B above



35,004
411A
Dollars related to 406A above



15,118
411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above401400398402

421A
Number of residential accounts billed - Water333336330334

421B
Number of residential accounts billed - Sewer58635859

422A
Number of non-residential & bulk accounts billed - Water47484745

422B
Number of non-residential & bulk accounts billed - Sewer222222
423A
Estimated percentage of accounts outside of municipal limits
































950.0
Official


951.0
Title


952.0
Date01/00/190012/08/201011/06/200910/31/200810/15/200701/02/2007
953.0
Contact


954.0
Title


955.0
Phone





956.0
Fax





957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Pikeville













201120102009200820072006








Population
680703703703709714
Population Group
Electric 2,499 and Below Electric 2,499 and Below Electric 2,499 and Below Electric 2,499 and Below Electric 2,499 and Below Electric 2,499 and Below
Total Operating Revenues
$0372,455371,254420,317365,317306,452
Total Operating Revenues Per Capita
$0530528598515429
Group Weighted Average Revenues Per Capita605687393382322288
State Weighted Average Revenues Per Capita7272252255255249








% to Total Operating Revenues






Operating Expenses
0.00%129.43%115.86%95.12%95.96%94.23%
Group Weighted Average
123.76%122.53%110.70%109.45%115.78%108.73%
State Weighted Average
91.62%83.21%87.12%84.06%80.00%79.32%








Operating Margin
0.00%-29.43%-15.86%4.88%4.04%5.77%
Group Weighted Average
-23.76%-22.53%-10.70%-9.45%-15.78%-8.73%
State Weighted Average
8.38%16.79%12.88%15.94%20.00%20.68%








Operating Transfers In
0.00%47.52%0.00%0.00%17.79%0.00%
Group Weighted Average
7.60%45.69%10.32%5.47%9.99%21.16%
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
1.83%1.24%0.75%1.02%0.00%0.00%
State Weighted Average
52.67%1.55%2.65%3.15%1.86%2.84%








Net Income before capital contributions
0.00%13.37%-20.87%0.58%16.27%2.69%
Group Weighted Average
1.83%43.26%-11.14%-11.28%-12.07%16.80%
State Weighted Average
643.66%15.82%-9.92%18.20%25.61%24.40%








Key Ratios and Cash Flow














Quick Ratio
1.311.401.892.100.370.43
Group Weighted Average
8.365.185.528.867.284.27
State Weighted Average
4.023.212.822.962.912.83








Days Sales in Receivables
8.030.832.042.343.541.5
Group Weighted Average
47.483.453.968.860.561.2
State Weighted Average
1.257.958.556.761.659.8








Days Cash on Hand
0.083.9136.6170.018.637.7
Group Weighted Average
167.1292.4260.5341.2280.7352.0
State Weighted Average
-16.4614.6560.8588.9647.0571.9








Cash flow from Operations
$70,48558,579101,903160,70087,09349,654








Debt to Equity
0.000.110.140.150.180.26
Group Weighted Average
0.060.090.080.080.170.18
State Weighted Average
0.220.590.540.540.550.55








Debt per Capita
08859661,0471,1181,190
Group Weighted Average
452649980750456460
State Weighted Average
8897783781761733








Capital Expenditures:
201120102009200820072006


$000000










2005200420032002



$867,0391,0171,50056,821









Capital Contributions: Excluded from income above
$0924,9800483,043929,7442,434,042
















Operating Statistics














Estimated population of the areas served Water0000714NA
Estimated population of the areas served Sewer0000243NA








Number of Gallons of Water Processed (000) omitted3732,708,2002422,96031,814NA
Number of Gallons of Sewage Processed (000) omitted3141,606,7903936,86151,224NA








Number of Gallons of Water Billed (000) omitted191,697,0622221,87721,871NA
Number of Gallons of Sewage Billed (000) omitted161,435,2111817,64717,879NA








Ratio of Water Billed to Water Processed0.513630.051880.916670.952830.68746NA
Ratio of Sewage Billed to Sewage Processed0.508590.034490.461540.478740.34904NA








Total Revenue from Water Sales167,518171,731168,676179,824178,677NA
Total Revenue from Sewage Sales162,264171,893169,301182,542170,594NA








Water Revenue per 1000 gallons of Sales




250.24790NA
Sewage Revenue per 1000 gallons of Sales




702.03292NA








Group Average Sales per thousand Gallons Water$0.00011$39.04205$39.12016$9.21753$4,470.42307NA
Group Average Sales per thousand Gallons Sewage$0.00012$47.04724$56.85673$42.71639$3,516.06083NA








State Average Sales per thousand Gallons Water$0.00011$39.04205$39.12016$9.21753$4,470.42307NA
State Average Sales per thousand Gallons Sewage$0.00012$47.04724$56.85673$42.71639$3,516.06083NA








Residential Water Sales per thousand Gallons$9,252.994200.083788,455.722228.643287.69296NA
Residential Sewage Sales per thousand Gallons$10,351.785710.010339,787.200009.4769010.09009NA








Water Sales per thousand Gallons outside Municipal Limits



6.93973NA
Sewage Sales per thousand Gallons outside Municipal Limits



9.94605NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA




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Key Ratios of Electric Systems for The




Town of Pikeville













201120102009200820072006








Population
680703703703709714
Power Agency Group
N.C. Easterrn Municipal Power Agency
Total Operating Revenues
$1,280,9131,167,3051,063,947994,776971,886943,889
Group Weighted Average
17,364,19815,757,43315,168,62313,678,21613,200,89812,603,524








% to Total Operating Revenues






Power Purchases
0.0%83.4%88.0%85.1%86.1%85.5%
Group Weighted Average
0.0%81.8%82.4%80.0%81.0%80.6%








Other Operating Expenses
88.5%12.3%17.2%10.2%10.7%11.5%
Group Weighted Average
96.0%14.8%15.1%17.5%16.1%16.4%








Operating Margin
11.5%4.3%-5.2%4.6%3.1%3.0%
Group Weighted Average
4.0%3.4%2.5%2.5%2.9%3.1%








Operating Transfers In
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average
0.2%0.0%0.0%0.3%0.2%0.0%








Operating Transfers Out
0.0%5.4%0.0%0.0%0.0%0.0%
Group Weighted Average Out
2.5%2.0%2.1%2.2%2.4%2.1%








Net Income
10.0%-2.5%-6.4%7.3%7.0%5.7%
Group Weighted Average
2.9%3.6%2.7%3.6%2.7%1.6%








Key Ratios and Cash Flow














Quick Ratio
4.83.74.63.87.27.2
Group Weighted Average
2.72.72.62.62.62.9








Coverage Ratio
0.001.010.931.091.081.07
Group Weighted Average
N/A1.091.081.101.091.08








Days Sales in Receivables
0.032.530.728.627.231.4
Group Weighted Average
N/A44.840.743.140.542.2








Days Cash on Hand
258.4230.5270.7306.2298.6289.2
Group Weighted Average
67.964.062.573.671.775.3








Cash flow from Operations
$158,06188,136-30,70659,33427,81414,526








Capital Expenditures:
$01,108,46938,303299,3661,222,1832,414,225


















201120102009200820072006
Capital Contributions: Excluded from Income Above
$000000








Operating Transfers to the General Fund as a % of GF Revenues
201120102009200820072006


0.00%0.00%0.00%0.00%0.00%0.00%










200520042003200220012000


1.86%1.82%1.83%1.71%1.53%1.28%








Gross Electric Fund Assets as Cost
$1,924,5871,924,5871,924,7721,875,4481,160,2201,139,256
Estimated Tax Loss from Municipal Ownership of Utility
$11,548$11,54811,5499,3775,8015,696
Tax Rate Equivalent
0.03030.03010.03110.02570.01610.0160








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
0.59680.49600.49690.43980.45420.4726








Tax Rate Adjusted Excluding Transfers
0.59680.49600.49690.43980.45420.4726








Weighted Average Group Rate Adjusted
0.17500.17990.15950.15990.37230.1775








Weighted Average Non Electric Adjusted Rate
0.20500.19500.16700.16990.17940.2410




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %113.49%124.33%129.00%81.27%0.00%
Group average FBA %71.50%67.22%75.92%64.74%39.94%
State average Electric/Non Electric Group FBA %33.92%35.35%34.33%33.60%67.13%
State average FBA %36.54%36.35%71.50%37.47%29.01%






Municipal Population Group: Electric 500 to 999

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Analysis of Property Tax

20072008200920102011
Municipality96.44%96.31%96.44%97.11%96.48%
Pop. Group98.81%97.68%97.01%97.12%97.37%
Statewide97.58%97.56%97.34%97.36%97.59%






Municipal Population Group: Electric 500 to 999






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Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group212215200193178
Statewide478456455449450






Municipal Population Group: 500 to 999






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Analysis of Revenue

20072008200920102011
Property Tax$249262311322329
Utility1,8862,0132,0422,1902,434
Sales Tax125125110124134
Sales & Services8691697274
Intergovernmental981181181,446118
Debt Proceeds61,074675
Other Miscellaneous11013248968
Total$2,5603,8152,7044,2573,102

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$223,510
$329
Water/Sewer0
0
Electric369,158
543
Other Utilities1,285,953
1,891
Sales Tax91,452
134
Sales & Services50,257
74
Intergovernment80,527
118
Debt Proceeds3,172
5
Miscellaneous5,180
8
Total$2,109,209
$3,102





Municipal Population Group: Electric 500 to 999





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$79,863
$118
Water/Sewer0
0
Electric302,014
444
Other Utilities1,096,767
1,613
Debt Service138,816
204
Transportation70,147
103
Public Safety213,461
314
Other82,392
121
Total$1,983,460
$2,917





Municipal Population Group: Electric 500 to 999





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$379,292
$558
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay0
0
Other Operating1,604,168
2,359
Total$1,983,460
$2,917





Municipal Population Group: Electric 500 to 999






Last Updated 2/5/2012 2:23:57 PM