North Carolina
Department of State Treasurer
Financial Information
Town of Pittsboro

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Financial Graphs and Comparisons
Download Excel 97 Version of Financial Summary

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
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The AFIR report that was due 10/31/2011 has not been received as of 01/28/2012

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	$0	1,285,412	1,269,041	1,170,392	1,000,303	886,515
		Utility	-	2,550,567	2,028,404	2,134,775	2,558,790	1,738,707
		Sales Tax	-	355,700	475,436	534,723	517,456	460,767
		Sales & Services	-	447,478	421,654	377,279	327,239	351,280
		Intergovernmental	-	2,369,655	592,059	291,237	243,801	213,416
		Debt Proceeds	-	14,729	17,179	6,985	4,278	21,619
		Other Miscellaneous	-	75,929	95,956	353,550	297,459	223,939
		Total	$0	7,099,470	4,899,729	4,868,941	4,949,326	3,896,243

	Expenditures by Function
		Utility	$0	3,491,213	2,240,361	1,813,338	2,115,999	1,342,994
		Debt Service	-	268,811	271,354	268,866	270,106	271,676
		Transportation	-	370,672	249,276	270,250	243,176	265,877
		General Government	-	575,442	572,357	344,011	340,518	304,142
		Public Safety	-	1,273,180	1,098,459	986,150	896,126	807,936
		Other	-	1,238,473	746,177	593,373	677,079	414,130
		Total	$0	7,217,791	5,177,984	4,275,988	4,543,004	3,406,755

	Expenditures by Object
		Salaries & Wages	$0	1,710,306	1,526,972	1,217,650	1,153,917	1,114,263
		Capital Outlay	-	2,267,316	756,087	332,801	534,072	261,315
		Other Operating + Debt Service	-	3,240,169	2,894,925	2,725,537	2,855,015	2,031,177
		Total	$0	7,217,791	5,177,984	4,275,988	4,543,004	3,406,755


	Per Capita Revenues by Source
		Property Tax	$0	526	500	470	405	369
		Utility	-	1,044	800	857	1,037	724
		Sales Tax	-	146	188	214	208	192
		Sales & Services	-	183	166	152	133	146
		Intergovernmental	-	970	233	117	99	89
		Debt Proceeds	-	6	7	3	2	9
		Other Miscellaneous	-	31	38	142	121	93
		Total	$0	2,906	1,932	1,955	2,005	1,622

	Per Capita Expenditures by Function
		Utility	$0	1,429	883	728	857	559
		Debt Service	-	110	107	108	109	113
		Transportation	-	152	98	109	99	111
		General Government	-	235	227	138	139	127
		Public Safety	-	521	433	396	363	336
		Other	-	507	294	238	274	172
		Total	$0	2,954	2,042	1,717	1,841	1,418

	Per Capita Expenditures by Object
		Salaries & Wages	$0	700	602	489	468	464
		Capital Outlay	-	928	298	134	216	109
		Other Operating	-	1,326	1,142	1,094	1,157	845
		Total	$0	2,954	2,042	1,717	1,841	1,418

	Population Group		No Electric 2,500 to 9,999	No Electric 1,000 to 2,499	No Electric 2,500 to 9,999	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Number of Municipalites in Group	140	96	120	101	101	103
		Average Population In Group	4,847	1,660	4,697	1,661	1,642	1,638
		Town of Pittsboro Population	3,766	2,443	2,536	2,490	2,468	2,402
	Group Average Per Capita Revenues by Source
		Property Tax	349	414	346	406	369	348
		Utility	757	435	315	423	430	399
		Sales Tax	124	153	144	201	195	180
		Sales & Services	140	82	82	80	77	71
		Intergovernmental	262	233	179	217	220	243
		Debt Proceeds	94	39	152	46	38	46
		Other Miscellaneous	149	129	157	261	203	273
		Total	1,875	1,485	1,375	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	607	499	414	572	461	487
		Debt Service	86	130	100	126	110	108
		Transportation	98	142	95	140	142	131
		General Government	173	204	185	265	201	222
		Public Safety	321	348	318	384	346	326
		Other	273	177	219	203	206	205
		Total	1,558	1,500	1,331	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	480	465	429	450	427	402
		Capital Outlay	245	258	317	483	305	373
		Other Operating	832	777	585	757	733	704
		Total	1,557	1,500	1,331	1,690	1,465	1,479


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$0	2,675,055	2,577,301	2,621,820	2,230,721	2,043,865
	General Fund expenditures		-	2,892,932	2,633,095	2,193,784	2,156,899	1,792,085
	Operating transfers in		-	241,013	200,358	-	71,962	-
	Operating transfers out		-	58,500	-	-	-	-
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		-	(35,364)	144,564	428,036	145,784	251,780

	Fund balance available (FBA):
		In dollars	$0	2,488,725	2,646,214	2,461,383	2,082,021	1,968,756
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	84.32	100.50	112.20	96.53	109.86
		Group weighted average FBA %	89.18	66.79	70.26	62.44	65.48	64.58
		State weighted average Non-Electric Group	38.21	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	38.21	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$0	2,228,915	2,315,150	2,770,066	3,013,894	2,689,997
		Quick ratio	0.00	3.94	7.36	7.22	12.00	10.90
		Net income	0	718,916	316,282	154,059	373,688	379,164
		Cashflow from operations	0	463,504	338,981	59,633	(168,566)	174,981
		Depreciation & Amortization Expense	0	362,047	339,078	307,502	291,572	296,018



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

		Population at July 1st of the Previous Year	3,766	2,443	2,536	2,490	2,468	2,402
		Population Group	No Electric 2,500 to 9,999	No Electric 1,000 to 2,499	No Electric 2,500 to 9,999	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$0	$4,660,356	$4,980,955	$5,514,781	$5,203,693	$4,908,656
		Investment Earnings	0	10,928	57,462	190,035	258,790	196,734
		Tax Rate Equivalent	0.0000	0.0026	0.0165	0.0609	0.0971	0.0854
		Tax Rate Equivalent Group weighted average	0.0031	0.0045	0.0130	0.0261	0.0409	0.0283
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2009	2009	2005	2005	2005	2004
		January 1, Prior Year Assessed Valuation	$414,885,682	413,216,832	347,622,380	312,079,881	266,587,565	230,293,373
		Tax Rate	0.3020	0.3020	0.3630	0.3730	0.3730	0.3730
		Tax Rate Group weighted average	0.2906	0.2970	0.2697	0.2860	0.3424	0.3297
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	101.90	100.11	88.63	89.90	97.53	100.00
		Assessment -to-Sales Ratio Group weighted average	101.72	97.69	92.17	88.94	79.96	85.71
		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	$407,149,835	412,762,793	392,217,511	347,141,136	273,339,039	230,293,373
		EffectiveTax Rate	0.3077	0.3023	0.3217	0.3353	0.3638	0.3730
		Group weighted average Effective Tax Rate	0.2956	0.2901	0.2486	0.2544	0.2737	0.2826
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	0.0000	98.2100	97.7100	97.8600	97.9200	97.6900
		Percent Collected Group weighted average	96.53	95.37	95.41	96.86	97.18	96.94
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	0.00	98.66	98.19	98.96	98.66	98.94
		Percent Collected Excluding Motor Vehicles Group weighted average	97.29	95.99	97.55	97.78	98.01	97.76
		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	0.00	91.40	91.49	83.51	90.69	82.08
		Percent Collected Motor Vehicles Only Group weighted average	84.83	85.45	85.23	85.16	86.07	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	0	95,175	112,594	102,514	104,429	73,879
		Tax Rate Equivalent	0.0000	0.0230	0.0324	0.0328	0.0392	0.0321
		Dominant County: Chatham
	Debt Information
		Population Group	2,500 to 4,999	1,000 to 2,499	2,500 to 4,999	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499
		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	1,562,500	1,747,500	1,926,500	2,095,500	2,258,500
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	1,562,500	1,747,500	1,926,500	2,095,500	2,258,500
		Per Capita	$0	640	689	774	849	940
		Total Per Capita for the Population Group	#N/A	256	158	277	294	297
		Total Per Capita Statewide	#N/A	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.3785%	0.4455%	0.5550%	0.7666%	0.9807%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	#N/A	0.1838%	0.1078%	0.1852%	0.2336%	0.2606%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	#N/A	0.4104%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt	$0

		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		3,766	2,443	2,536	2,490	2,468	2,402

1.5A	FISCAL	Governmental Activities Assets		6,422,152	6,047,896	5,550,872	2,449,062	5,007,381
1.5B	SUMMARY	Governmental Activities Liabilities		289,439	205,777	152,401	5,176,305	164,151
3.5A		Business Type Activities Assets		11,679,532	10,034,354	9,985,224	3,287,920	9,628,432
3.5B		Business Type Activities Liabilties		2,872,557	1,946,295	2,213,447	9,837,636	2,384,402
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy		1,246,111	1,237,312	1,147,118	978,758	861,256
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections		30,799	25,068	16,630	16,850	19,749
13.0		Penalties and Interest		8,502	6,661	6,644	4,695	5,510
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax		1,728	1,159
16.0		1% Local Government Option Sales Tax		143,139	182,388	171,882	164,414	147,144
17.0		1/2% Local Government Option Sales Tax (40)		114,668	121,706	132,962	129,639	114,477
18.0		1/2% Local Government Option Sales Tax (42)		89,280	120,873	132,136	128,855	113,896
18.5		1/2% Local Government Option Sales Tax (44)		8,613	50,469	97,743	94,548	85,250
19.0		Privilege Licenses		10,990	5,324	18,639	12,700	8,865
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses		4,616	3,953	4,207	18,841	18,340
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
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		1,426,179
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		1,658	441
41.0	REVENUES	Transitional Hold Harmless		95,783
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		21,401	111,349	16,085	15,751	13,019
44.0		Utility Franchise Tax		153,516	63,378	147,025	125,596	98,692
45.0		Beer and Wine Tax		3,617	11,183	11,369	10,854	10,495
46.0		Powell Bill		87,808	98,168	105,765	89,910	89,695
50.0		Court Fees - Facilities and Arrest Fees		4,336	3,653	1,535	1,690	1,515
51.0		General Government
52.0		Public Safety		111,405
53.0		Transportation - Streets		12,000
54.0		Transportation - All Other			14,000
55.0		Environmental Protection			234,612
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		428,933	27,648
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety		23,019	27,627	9,458
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		7,404	7,404	67,206	7,128
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees		6,460	18,463	55,685
72.1		Amusements licensing and permit taxes
73.0		Other Permits					19,990	57,745
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties		7,062	5,650	3,125	1,452	2,237
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste		430,006	409,074	362,419	299,817	287,908
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues		10,410	6,930	11,735	5,980	3,390
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					295	1,450
86.0	UTILITY	Water and Sewer Charges		2,550,567	2,028,404	2,134,775	2,558,495	1,737,257
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		10,928	57,462	190,035	258,790	196,734
91.0		Special Assessments
92.0		Private Contributions and Donations		16,642	3,350
93.0		Sales of Materials and Fixed Assets
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution		18,889		17,778
98.0		Other Miscellaneous Revenues		14,729	17,179	6,985	4,278	21,619
99.0		Proceeds of Sale of Bonds and Notes
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				2,028		3,060
106.0		Deposits Other than Utility
107.0		Prepaid Taxes				-347		1,494
108.0		Prepaid Privilege Licenses				-3,081		5,177
109A	PART 4	Governing Body - Salaries & Wages		11,100	11,100	14,630	10,800	11,100
109B	GENERAL	Governing Body - Other Direct		19,398	12,825	13,743	14,115	14,811
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages		291,176	285,602	114,240	124,880	97,702
110B		Administration - Other Direct		140,228	130,922	87,804	81,905	90,290
110C		Administration - Construction
110D		Administration - Purchase of P,P&E			26,451	2,358	1,675	747
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		20,700	21,500	18,430	16,884	13,260
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages		39,615	38,158	35,520	33,361	32,393
115B		Public Buildings - Other Direct		53,225	45,799	43,723	49,278	43,839
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E				13,563	7,620
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		537,174	454,939	402,801	395,328	387,064
119B	SAFETY	Police & Comm - Traffic Control - Other Direct		334,311	255,116	220,844	171,689	193,454
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E		62,373	61,350	97,811	116,688	31,680
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		291,200	283,415	232,632	184,755	168,300
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						85,749
127B	TATION	Traffic Engineering - Other Direct						106,543
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E						9,400
128A		Streets and Highways - Salaries & Wages		55,073	56,602	71,135	70,914
128B		Streets and Highways - Other Direct		120,110	129,594	131,030	106,148
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E		3,650	8,745	2,007	5,448
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		132,711	54,335	66,078	60,666	64,185
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		59,128
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages
136B	MENTAL	Solid Waste - Other Direct		450,685	433,820	381,053	338,449	299,813
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages		93,367	98,134	53,841	42,689	40,156
140B	& PHYSICAL	Planning & Zoning - Other Direct		108,656	121,547	110,822	116,321	61,468
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E				5,560	200
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages
153B	RECREATION	Recreation & Parks - Other Direct		80,058	56,691	34,722	40,230	12,693
153C		Recreation & Parks - Construction		505,707	33,174
153D		Recreation & Parks - Purchase of P,P&E			2,811	7,375	139,190
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		682,801	582,437	525,483	475,945	460,099
158B		Water & Sewer - Other Direct		1,171,954	1,034,368	1,083,728	1,376,803	663,407
158C		Water & Sewer - Construction		1,597,950	486,555		24,705	101,654
158D		Water & Sewer - Purchase of P,P&E		38,508	137,001	204,127	238,546	117,834
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		83,811	92,354	99,866	107,106	113,676
161D	SERVICE	Water & Sewer - Principal		185,000	179,000	169,000	163,000	158,000
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
166D		All Other - Principal
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement		21,591	21,591	13,985	9,542	9,542
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement		26,531	22,048	18,077	18,124	17,896
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	.	1,189,600.00	1,175,072.00	1,174,202.00	907,291.00	816,444.00
180.0		Current year's levy -- Motor vehicles (only)	.	79,250.00	91,301.00	90,327.00	92,242.00	65,187.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	.	15,925.00	21,293.00	12,187.00	12,187.00	8,692.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles		6,814	7,768	14,897	8,588	11,683
183.0	DATA	Percentage of Taxes Collected - All Property %	0.00	98.21	97.71	97.86	97.92	97.69
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	0.00	98.66	98.19	98.96	98.66	98.94
185.0		Percentage of Taxes Collected - Motor Vehicles %	0.00	91.40	91.49	83.51	90.69	82.08
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		4,660,356	4,980,955	5,514,781	5,203,693	4,908,656
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		7,546,831	5,561,946	4,868,941	4,949,326	3,901,056
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In		445,633	661,058			4,813
194D		Amount - Net Revenues		7,101,198	4,900,888	4,868,941	4,949,326	3,896,243
		Calculated amount		7,101,198	4,900,888	4,868,941	4,949,326	3,896,243
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures		7,663,424	5,839,042	4,275,988	4,543,004	3,411,568
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out		445,633	661,058			4,813
195D		Amount - Net Expenditures		7,217,791	5,177,984	4,275,988	4,543,004	3,406,755
		Calculated amount		7,217,791	5,177,984	4,275,988	4,543,004	3,406,755
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					22,240
401B	Water /	Number of residential accounts billed Sewer					1,550
402A	Sewer	Amount processed and/or purchased in units Water		220	204		173,500
402B	Operations	Amount processed and/or purchased in units Sewer		163	142
403A		Total amount billed in units - Water		152	137	158,234	136,004
403B		Total amount billed in units - Sewer		110	89	100,576	95,705
404A		Of the total in 403A above how many units were Residential W		60	55	62,888	75,373
404B		Of the total in 403B above how many units were Residential S					22,240
405A		Of the total in 403 above, how many units were Outside Muni W					130
405B		Of the total in 403 above, how many units were Outside Muni S					22,240
406A		Of the total in 405A above how many units were Residential W					130
406B		Of the total in 405B above how many units were Residential S					16,375
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		1,265,835	932,247	1,045,229	772,516
408A		Dollars related to 403A above		1,114,865	707,026	650,653	592,432
408B		Dollars related to 403B above		473,250	362,599	387,097	424,911
409A		Dollars related to 404A above		507,479	366,388	332,907	298,017
409B		Dollars related to 404B above					174,372
410A		Dollars related to 405A above					1,696
410B		Dollars related to 405B above					174,372
411A		Dollars related to 406A above					1,696
411B		Dollars related to 406B above					115,024
412A		Dollars related to 407A above
412B		Dollars related to 407B above		1,473	1,461	1,415
421A		Number of residential accounts billed - Water		1,257	1,233	1,189
421B		Number of residential accounts billed - Sewer		276	274	264
422A		Number of non-residential & bulk accounts billed - Water		252	247	239
422B		Number of non-residential & bulk accounts billed - Sewer		2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Amanda Cartrette
951.0		Title	Finance Officer
952.0		Date
953.0		Contact	Amanda Cartrette
954.0		Title	Finance Officer
955.0		Phone	919-542-4621 ext 61
956.0		Fax	919-542-7109
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	3,766	2,443	2,536	2,490	2,468	2,402
Population Group	No Electric 2,500 to 9,999	No Electric 1,000 to 2,499	No Electric 2,500 to 9,999	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
Total Operating Revenues	$0	2,341,857	1,888,333	1,697,683	1,436,948	1,316,793
Total Operating Revenues Per Capita	$0	959	745	682	582	548
Group Weighted Average Revenues Per Capita	44	297	244	297	281	269
State Weighted Average Revenues Per Capita	20	273	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	95.19%	97.33%	114.14%	127.58%	109.79%
Group Weighted Average	90.79%	105.32%	91.41%	104.99%	106.17%	103.30%
State Weighted Average	92.57%	83.23%	87.16%	84.09%	80.04%	79.35%

Operating Margin	0.00%	4.81%	2.67%	-14.14%	-27.58%	-9.79%
Group Weighted Average	9.21%	-5.32%	8.59%	-4.99%	-6.17%	-3.30%
State Weighted Average	7.43%	16.77%	12.84%	15.91%	19.96%	20.65%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	14.21%	10.13%	1.70%	5.84%	3.17%	3.43%
State Weighted Average	11.39%	1.58%	1.20%	1.31%	1.10%	1.56%

Operating Transfers Out	0.00%	10.29%	12.20%	0.00%	0.00%	0.00%
Group Weighted Average	25.10%	1.61%	9.31%	1.88%	2.81%	15.35%
State Weighted Average	17.30%	1.55%	2.65%	3.15%	1.85%	2.84%

Net Income before capital contributions	0.00%	0.25%	-5.50%	9.07%	26.01%	18.62%
Group Weighted Average	65.95%	10.80%	12.72%	24.94%	15.24%	13.69%
State Weighted Average	212.96%	15.81%	-9.94%	18.14%	25.59%	24.27%

Key Ratios and Cash Flow

Quick Ratio	N/A	3.94	7.36	7.22	12.00	10.90
Group Weighted Average	3.65	3.33	3.21	2.80	3.18	3.56
State Weighted Average	3.94	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	45.5	52.0	35.7	52.1	43.6
Group Weighted Average	29.2	45.4	63.6	50.2	49.7	43.7
State Weighted Average	13.0	57.9	58.5	56.6	61.6	59.8

Days Cash on Hand	0.0	383.5	527.8	659.4	714.8	873.1
Group Weighted Average	-408.9	452.5	493.9	447.8	667.7	505.0
State Weighted Average	-80.4	613.4	559.6	588.2	645.7	570.9

Cash flow from Operations	$0	463,504	338,981	59,633	-168,566	174,981

Debt to Equity	0.00	0.26	0.21	0.25	0.27	0.31
Group Weighted Average	0.28	0.25	0.30	0.29	0.27	0.28
State Weighted Average	0.31	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	927	684	768	843	933
Group Weighted Average	55	433	357	494	439	428
State Weighted Average	34	897	784	781	761	733

Capital Expenditures:	2011	2010	2009	2008	2007	2006
	$0	0	0	0	0	0

	2005	2004	2003	2002
	$444,130	947,753	62,142	225,607

Capital Contributions: Excluded from income above	$0	713,089	420,104	0	0	133,954


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	1,550	NA
Estimated population of the areas served Sewer	0	0	0	0	1,550	NA

Number of Gallons of Water Processed (000) omitted	0	220	204	0	173,500	NA
Number of Gallons of Sewage Processed (000) omitted	0	163	142	0	0	NA

Number of Gallons of Water Billed (000) omitted	0	152	137	158,234	136,004	NA
Number of Gallons of Sewage Billed (000) omitted	0	110	89	100,576	95,705	NA

Ratio of Water Billed to Water Processed		0.69140	0.67157		0.78388	NA
Ratio of Sewage Billed to Sewage Processed		0.67897	0.62676			NA

Total Revenue from Water Sales	0	0	0	0	0	NA
Total Revenue from Sewage Sales	0	1,114,865	707,026	650,653	592,432	NA

Water Revenue per 1000 gallons of Sales					0.00000	NA
Sewage Revenue per 1000 gallons of Sales					382.21419	NA

Group Average Sales per thousand Gallons Water	$0.00721	$58.68442	$40.01634	$1,769.81984	$14,046.04813	NA
Group Average Sales per thousand Gallons Sewage	$0.00943	$82.78241	$48.91229	$899.82774	$7,994.92601	NA

State Average Sales per thousand Gallons Water	$0.00342	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00223	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons	$0.00000	7,861.29568	6,592.70909	6.15534	5.63744	NA
Residential Sewage Sales per thousand Gallons	$0.00000	9,989.74409	7,964.95652	6.44232	6.10378	NA

Water Sales per thousand Gallons outside Municipal Limits	$0.00000				7.84047	NA
Sewage Sales per thousand Gallons outside Municipal Limits	$0.00000				13.04615	NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	115,024.00000	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 %	96.53%	112.20%	100.50%	84.32%	0.00%
Group average FBA %	65.48%	62.44%	70.26%	66.79%	89.18%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	38.21%
State average FBA %	36.54%	36.35%	65.48%	37.47%	38.21%

Municipal Population Group: No Electric 1,000 to 2,499

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2006 2007 2008 2009 2010

Municipality 97.69% 97.92% 97.86% 97.71% 98.21%

Pop. Group 96.94% 97.18% 96.86% 95.41% 95.37%

Statewide 97.55% 97.58% 97.56% 97.34% 97.36%

Municipal Population Group: No Electric 1,000 to 2,499

	2006	2007	2008	2009	2010
Municipality	97.69%	97.92%	97.86%	97.71%	98.21%
Pop. Group	96.94%	97.18%	96.86%	95.41%	95.37%
Statewide	97.55%	97.58%	97.56%	97.34%	97.36%

Municipal Population Group: No Electric 1,000 to 2,499

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2007 2008 2009 2010 2011

Municipality 849 774 689 640 0

Pop. Group 294 277 158 256 #N/A

Statewide 478 456 455 449 #N/A

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	849	774	689	640	0
Pop. Group	294	277	158	256	#N/A
Statewide	478	456	455	449	#N/A

Municipal Population Group: 1,000 to 2,499

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2006 2007 2008 2009 2010

Property Tax $369 405 470 500 526

Utility 724 1,037 857 800 1,044

Sales Tax 192 208 214 188 146

Sales & Services 146 133 152 166 183

Intergovernmental 89 99 117 233 970

Debt Proceeds 9 2 3 7 6

Other Miscellaneous 93 121 142 38 31

Total $1,622 2,005 1,955 1,932 2,906

	2006	2007	2008	2009	2010
Property Tax	$369	405	470	500	526
Utility	724	1,037	857	800	1,044
Sales Tax	192	208	214	188	146
Sales & Services	146	133	152	166	183
Intergovernmental	89	99	117	233	970
Debt Proceeds	9	2	3	7	6
Other Miscellaneous	93	121	142	38	31
Total	$1,622	2,005	1,955	1,932	2,906

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2010
2010

Category Revenue
Per Capita

Property Tax $1,285,412
$526

Water/Sewer 0
0

Electric 2,550,567
1,044

Other Utilities 0
0

Sales Tax 355,700
146

Sales & Services 447,478
183

Intergovernment 2,369,655
970

Debt Proceeds 14,729
6

Miscellaneous 75,929
31

Total $7,099,470
$2,906

Municipal Population Group: No Electric 1,000 to 2,499

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2010
2010

Category Expenditures
Per Capita

General Government $575,442
$235

Water/Sewer 0
0

Electric 3,491,213
1,429

Other Utilities 0
0

Debt Service 268,811
110

Transportation 370,672
152

Public Safety 1,273,180
521

Other 1,238,473
507

Total $7,217,791
$2,954

Municipal Population Group: No Electric 1,000 to 2,499

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2010
2010

Category Expenditures
Per Capita

Salaries & Wages $1,710,306
$700

Water/Sewer Capital 0
0

Electric Capital 1,636,458
670

Other Capital 630,858
258

Other Operating 3,240,169
1,326

Total $7,217,791
$2,954

Municipal Population Group: No Electric 1,000 to 2,499

Last Updated 1/31/2012 4:24:41 PM



	2010	2010
Category	Revenue	Per Capita
Property Tax	$1,285,412	$526
Water/Sewer	0	0
Electric	2,550,567	1,044
Other Utilities	0	0
Sales Tax	355,700	146
Sales & Services	447,478	183
Intergovernment	2,369,655	970
Debt Proceeds	14,729	6
Miscellaneous	75,929	31
Total	$7,099,470	$2,906

Municipal Population Group: No Electric 1,000 to 2,499

North CarolinaDepartment of State TreasurerFinancial InformationTown of Pittsboro

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Pittsboro