North Carolina
Department of State Treasurer
Financial Information
Town of Selma



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

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year



Municipality Revenues and Expenditures Financial Profile
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200920082007200620052004

Revenues by Source







Property Tax$1,902,041 1,741,077 1,545,040 1,361,520 1,368,332 1,309,226


Utility 10,975,601 10,305,197 10,282,679 9,441,017 8,775,618 8,692,255


Sales Tax 687,548 617,613 605,228 591,638 581,859 407,045


Sales & Services 675,588 728,925 635,363 599,895 532,719 570,058


Intergovernmental 892,794 805,463 850,611 1,655,571 493,683 869,630


Debt Proceeds - - - 70,000 155,000 196,784


Other Miscellaneous 395,675 660,394 473,142 563,271 565,185 808,650


Total$15,529,247 14,858,669 14,392,063 14,282,912 12,472,396 12,853,648










Expenditures by Function







Utility$9,917,514 8,762,698 10,327,354 11,903,539 8,032,358 7,994,909


Debt Service 397,184 424,028 573,743 253,864 283,586 397,222


Transportation 557,528 399,738 527,691 491,956 635,984 712,614


General Government 661,727 747,071 674,223 853,400 776,238 812,075


Public Safety 1,898,295 1,856,968 1,640,492 2,074,791 2,288,888 1,821,072


Other 1,526,336 1,386,476 1,012,809 1,164,672 1,331,151 1,152,143


Total$14,958,584 13,576,979 14,756,312 16,742,222 13,348,205 12,890,035










Expenditures by Object







Salaries & Wages$3,659,072 3,310,312 3,049,188 3,669,356 3,598,537 3,289,229


Capital Outlay 152,529 2,099 1,708,995 3,802,068 738,093 554,247


Other Operating + Debt Service 11,146,983 10,264,568 9,998,129 9,270,798 9,011,575 9,046,559


Total$14,958,584 13,576,979 14,756,312 16,742,222 13,348,205 12,890,035



















Per Capita Revenues by Source







Property Tax$254 243 220 199 205 201


Utility 1,464 1,438 1,467 1,380 1,313 1,334


Sales Tax 91 86 87 87 86 63


Sales & Services 90 102 91 88 80 87


Intergovernmental 119 112 121 242 74 133


Debt Proceeds - - - 10 23 30


Other Miscellaneous 53 92 68 82 85 124


Total$2,071 2,073 2,054 2,088 1,866 1,972










Per Capita Expenditures by Function







Utility$1,323 1,222 1,474 1,740 1,202 1,227


Debt Service 53 59 82 37 42 61


Transportation 74 56 75 72 95 109


General Government 88 105 96 125 117 125


Public Safety 253 259 234 303 342 279


Other 204 193 145 170 199 177


Total$1,995 1,894 2,106 2,447 1,997 1,978










Per Capita Expenditures by Object







Salaries & Wages$488 462 435 536 538 505


Capital Outlay 20 - 244 556 110 85


Other Operating 1,487 1,432 1,427 1,355 1,349 1,388


Total$1,995 1,894 2,106 2,447 1,997 1,978










Population GroupElectric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999


Number of Municipalites in Group 20 21 20 20 20 19


Average Population In Group 4,967 5,139 5,149 5,074 4,832 4,875


Town of Selma Population 7,497 7,168 7,008 6,841 6,685 6,517

Group Average Per Capita Revenues by Source







Property Tax 317 305301285282274


Utility 1,775 2,0511,8951,8501,7921,806


Sales Tax 135 158162152152142


Sales & Services 125 145120119117119


Intergovernmental 223 202220226301300


Debt Proceeds 89 166124544340


Other Miscellaneous 226 21818412598126


Total 2,890 3,2453,0062,8112,7852,807










Group Average Per Capita Expenditures by Function







Utility 1,689 1,9071,7001,7121,7261,753


Debt Service 102 146109999998


Transportation 125 131148136140135


General Government 192 161181163174180


Public Safety 359 446405362361331


Other 344 399365329260250


Total 2,811 3,1902,9082,8012,7602,747










Group Average Per Capita Expenditures by Object







Salaries & Wages 631 654595593595576


Capital Outlay 258 469375348289265


Other Operating 1,922 2,0671,9381,8601,8761,906


Total 2,811 3,1902,9082,8012,7602,747


















General Fund
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200920082007200620052004

General Fund revenues$4,557,110 4,433,351 4,059,972 3,712,854 3,612,849 3,846,928

General Fund expenditures 4,802,047 4,546,572 4,079,919 4,645,158 4,855,600 4,365,225

Operating transfers in 325,000 187,500 1,326,731 441,413 377,284 484,893

Operating transfers out - - - 102,786 86,803 15,136

Capital leases and installment purchase proceeds - 63,570 - 54,000 131,750 146,777

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 80,063 137,849 1,306,784 (539,677) (820,520) 98,237










Fund balance available (FBA):







In dollars$2,378,821 2,270,622 2,146,155 799,885 1,332,250 1,970,844


FBA as a % of GF Net Expenditures:







Unit's FBA %49.5450.6552.6017.0427.6946.55


Group weighted average FBA %41.3739.9437.6839.1037.9938.97


State weighted average Electric Group34.5735.4133.9935.6236.6736.12


State weighted average FBA %37.0036.3436.5536.9636.7836.35

















Enterprise Funds:
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Water/Sewer, Electric













Combined financial results:







Working capital$4,350,844 3,954,714 2,841,553 3,134,565 3,847,198 3,363,672


Quick ratio3.59 3.58 2.66 2.68 4.11 4.37


Net income(213,016)746,166 585,310 (585,322)(107,812)(364,672)


Cashflow from operations971,452 1,404,744 1,646,085 669,639 902,155 661,623


Depreciation & Amortization Expense911,666 692,473 427,459 447,086 444,045 394,922


























Cash, Investments and Financing
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200920082007200620052004











Population at July 1st of the Previous Year7,4977,1687,0086,8416,6856,517


Population GroupElectric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999


Cash &Investments$6,876,236 6,311,729 5,023,053 4,443,401 6,066,229 6,285,017


Investment Earnings107,184 240,772 230,663 188,959 153,858 60,509


Tax Rate Equivalent0.02800.06310.07420.06170.04690.0207


Tax Rate Equivalent Group weighted average0.02400.05480.07220.05610.03170.0186


Tax Rate Equivalent Statewide weighted average0.01330.05240.09200.05730.04150.0340


Latest year of Revaluation
20032003200320032003


January 1, Prior Year Assessed Valuation$382,871,596 381,335,089 310,998,287 306,435,997 327,824,934 291,744,416


Tax Rate0.53000.49000.49000.44000.44000.5200


Tax Rate Group weighted average0.37810.38340.40660.40940.40790.4137


Tax Rate State Wide0.42670.42430.44520.43210.44480.4566


Assessment -to-Sales Ratio85.5589.2691.7197.0496.1598.37


Assessment -to-Sales Ratio Group weighted average90.5886.6889.3590.8392.3792.16


Assessment -to-Sales Ratio Statewide90.8188.5288.4192.2892.3592.18


Assessed Valuation Adjusted for Assesment to Sales Ratio$447,541,316 427,218,339 339,110,552 315,783,179 340,951,569 296,578,648


EffectiveTax Rate0.45340.43740.44940.42700.42310.5115


Group weighted average Effective Tax Rate0.34250.33230.36330.37190.37680.3812


Statewide weighted average Effective Tax Rate0.38750.37560.39360.39870.41080.4209


Percent Collected98.2498.0097.5597.5497.4992.87


Percent Collected Group weighted average96.1595.8996.0095.4295.7095.36


Percent Collected Statewide97.7897.6497.5997.5597.4297.31


Percent Collected Excluding Motor Vehicles99.6799.7699.4399.3999.2595.21


Percent Collected Excluding Motor Vehicles Group weighted average96.8497.2197.3896.9697.0896.47


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3198.6598.5998.6198.3698.39


Percent Collected Motor Vehicles Only 83.8982.6283.3280.9682.3370.20


Percent Collected Motor Vehicles Only Group weighted average82.5581.3682.2880.7181.6286.49


Percent Collected Motor Vehicles Only Statewide weighted average 86.6686.7486.7186.8087.3187.46


Tax Uncollected27,881 35,151 37,687 33,066 32,852 103,024


Tax Rate Equivalent0.00730.00920.01210.01080.01000.0353


Dominant County: Johnston






Debt Information








Population Group5,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,999


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 Group69 71 93 117 131 171


Total Per Capita Statewide455 456 478 495 505 548


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 Average0.0531%0.0577%0.0861%0.1199%0.1450%0.2078%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.3909%0.4131%0.4706%0.5275%0.5588%0.6442%


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$2,820,660 3,005,437 3,183,707 3,355,700 0 0


--General Government66,600 88,800 111,000 133,200 155,400 177,600


Total*$2,887,260 3,094,237 3,294,707 3,488,900 155,400 177,600


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




Revenue Bond Debt $636,000 643,000 0 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription200920082007200620052004

Population at July 1st of the Previous Year Adjusted for Boundry Changes7,4977,1687,0086,8416,6856,517









1ANon GASB34General Fund Assets





1BFISCAL General Fund Liabilities





2ASUMMARYDebt-service Assets





2B
Debt service Liabilities





3A
Enterprise Assets





3B
Enterprise Liabilities





4A
Internal Service Assets





4B
Internal service Liabilities





5A
Special Revenue Assets





1.5AGASB34Governmental Activities Assets9,055,5167,606,5527,539,2527,211,4498,240,6936,356,164
1.5BFISCAL Governmental Activities Liabilities679,654547,912561,411740,011969,280983,902
3.5ASUMMARYBusiness Type Activities Assets18,494,81618,700,12416,429,84916,388,99013,157,91412,273,916
3.5B
Business Type Activities Liabilties4,929,5614,921,8534,647,7445,029,8451,213,4471,095,262
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





5B
Special Revenue Liabilities





6A
Trust & Agency Assets





6B
Trust & Agency Liabilities





7A
Capital Project Assets





7B
Capital Project Liabilities





8A
General Fixed Assets





9B
General Long term debt - Liabilities





10PART 2Current collections of unit-wide levy1,898,0661,713,3931,501,1301,310,6041,278,3001,277,769
11TAXCurrent collection of special tax districts


91,23989,26079,716
12REVENUESPrior years' levy collections-2,51622,28037,37443,61579,83918,040
13
Penalties and interest6,4915,4046,5367,30110,19313,417
14
Collection of taxes previously written off





15
Animal tax2539



15.1
Solid Waste Disposal Tax





16
1% Local government sales and use tax343,774308,807302,614295,819290,930203,572
17
1/2% Local government sales and use taxes (Article 40)171,887154,403151,307147,910145,465102,700
18
1/2% Local government sales and use taxes (Article 42)171,887154,403151,307147,909145,464100,773
18.5
1/2% Local government sales and use taxes (Article 44)





19
Licenses Privilege




13,506
19.1
Privilege - Occupational & business licensing & permit taxes11,34612,74613,54013,6315,425
19.2
Privilege -- All other privileges and pemits

31113550
20
General Municipal Vehicle Tax





21
Vehicle Tax for Public Transportation





22
Other licenses - Include CATV

17,34631,40839,51729,496
23
Local occupancy tax105,500113,89096,68462,31965,52665,459
24
Prepared food tax





25
911 charges





26
Gross Receipts Tax on Short Term Vehicles Leases





27FEDERALFEDERAL Payment in lieu of taxes

8,15010,0589,467
28INTERGOVEquitable sharing of Federally forfeited property





29REVENUESGeneral government

1,368


30
Public safety

101,393


31
Transportation - Streets





32
Transportation - All other




157,319
33
Utility franchise tax





34
Housing/community development





35
All Other





36
Human services: Health, mental health, hospitals





37
All other

162,350


38
Culture and recreation88,522




39STATEState Payment in Lieu of Taxes13,8749,148



40INTERGOVControlled substance tax3,0216,8769,117

5,740
41REVENUESIntangibles tax reimbursement + Transistional Hold Harmless Revenues35,19827,76537,14540,930
48,870
42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax344,949333,960282,316246,718234,674364,487
45
Beer and Wine tax46,57632,28230,91329,52728,84627,461
46
Powell Bill




177,773
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees3,0252,1213,82213,27711,406
51
General Government





52
Public safety106,088100,175
90910,32614,369
53
Transportation - Streets205,541227,136200,487201,378198,964
54
Transportation - All other





55
Environmental protection


1,087,650

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





57
Econ. & Phys. Dev. - All Other





58
Human Services: Health, mental health, hospitals





59
All Other
1,0001,000


60
Culture and recreation6,00025,00012,55025,124

61LOCALLOCAL Payment in lieu of taxes




73,611
62INTERGOVGeneral government





63REVENUESPublic safety





64
Transportatin - Streets





65
Transportation - All other





66
Environmental protection40,00040,000



67
Economic and physical development





68
Human Services: Health, Mental Health & Hosp





69
Human Services: All Other





70
Culture and recreation





71PERMITS Building permits95,41539,15032,07757,16363,230
72& FEESInspection fees14,0956,8557,5504,7306,07061,118
72.1
Amusements licensing and permit taxes





73
Other permits575




74SALES &Parking revenues





75SERVICESRents and royalties
22,84712,30011,420

76
Airport





77
Fire protection charges

2112116,064
78
Solid waste482,171436,322411,472405,664340,975353,997
79
Ambulance and rescue squad charges





80
Cemeteries102,288145,540141,888124,219134,971141,720
81
Recreation service revenues46,35549,96550,06958,38150,70974,341
82
Library service revenues3,0834,037



83
Other cultural and recreational service revenues17,75924,59119,423


84
Mass transit - city operated





85
Other sales and services23,93245,623



86UTILITYWater and sewer charges2,726,6842,778,1582,784,0752,432,4802,490,9072,400,096
87REVENUESElectric charges8,248,9177,527,0397,498,6047,008,5376,284,7116,292,159
88
Gas charges





88.1
Storm Water Fees





89MISC.On bond proceeds





90REVENUESOn general and all other funds107,184240,772230,663188,959153,85860,509
91
Special assessments





92
Private contribution and donations
19,7505,2522,77917,730
93
Sales of materials and fixed assets

14,651
20,165
94
Sales of real property





95
Nongovernment contributions for streets and traffic signals





96
Mixed drink surcharge





97
ABC profit distribution24,04330,82426,71421,57719,41317,101
98
Other miscellaneous revenues37,492196,36828,63489,35384,441481,745
99
Proceeds of the sale of bonds and notes





100
Proceeds of capital leases and installment purchases


70,000155,000196,784
101
Other





102NON-REVSupplemental schools taxes - current levy collections





103RECEIPTSPrior years' levy collections





104
Tax collections for units other than reporting unit





105
Utilities customers' deposits





106
Deposits other than utility





107
Prepaid taxes




1,120
108
Prepaid privilege licenses




14,543
109APART 4Governing body - Salaries17,78715,694
25,39556,53122,649
109BGENERALGoverning body - All other Direct77,30766,88047,670151,53093,13393,323
109CGOVTGoverning body - Construction





109D
Governing body - Land, Equipment and Existing Structures





110A
Administration - Salaries193,000263,320233,202254,115203,588228,789
110B
Administration - All other Direct86,63082,687114,648133,943193,885156,303
110C
Administration - Construction





110D
Administration - Land, Equipment and Existing Structures



5,8003,138
111A
Elections (cost of) - Salaries





111B
Elections (cost of) - All other Direct12,918




111C
Elections (cost of) - Construction





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





112A
Finance - Salaries44,23576,54787,16884,13386,536188,123
112B
Finance - All other Direct98,36292,71575,636110,95571,27484,589
112C
Finance - Construction





112D
Finance - Land, Equipment. and Existing Structures


7,190
2,978
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 Direct131,488135,457109,08813,764
5,573
115C
Public Buildings - Construction





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





116A
Court Facilities - Salaries





116B
Court Facilities - All other Direct

-636,7319,2954,705
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
13,7716,87465,64456,19621,905
118C
General Government All Other - Construction





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





119APUBLICPolice and Communications - Salaries1,355,2491,251,7601,149,7441,323,1691,287,8691,252,881
119BSAFETYPolice and Communications - All other Direct93,823134,957177,708182,842143,860160,095
119C
Police and Communications - Construction





119D
Police and Communications - Land, Equipment and Existing Structures57,607
9,72978,36972,932104,050
120A
Emergency Communications - Salaries





120B
Emergency Communications - All other Direct





120C
Emergency Communications - Construction





120D
Emergency Communications - Land, Equipment and Existing Structures





121A
Emergency Management - Salaries





121B
Emergency Management - All other Direct





121C
Emergency Managment - Construction





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





122A
Fire - Salaries183,807121,64595,978125,646127,78164,894
122B
Fire - All other Direct77,295216,11650,737113,40679,589103,856
122C
Fire - Construction





122D
Fire - Land, Equipment, and Existing Structures
7,626
1,800323,63239,413
123A
Inspectors - Salaries


63,383100,628
123B
Inspectors - All other Direct

41,23970,29027,482
123C
Inspectors - Construction





123D
Inspectors - Land, Equipment, and Existing Structures



20,301
124A
Rescue Units - Salaries





124B
Rescue Units - All other Direct38,13337,57636,96542,11336,49729,161
124C
Rescue Units - Construction





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





125A
Animal Control - Salaries





125B
Animal Control - All other Direct





125C
Animal Control - Construction





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





126A
Public Safety All Other - Salaries





126B
Public Safety All Other - All other Direct





126C
Public Safety All Other - Construction





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





127ATRANSPORTraffic Engineering - Salaries





127BTATIONTraffic Engineering - All other Direct





127C
Traffic Engineering - Construction





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





128A
Streets and Highways - Salaries251,323225,474230,481286,513263,665252,359
128B
Streets and Highways - All other Direct75,42083,51377,26199,515118,821107,322
128C
Streets and Highways - Construction





128D
Streets and Highways - Land, Equipment and Existing Structures
10,694

23,38123,078
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





130B
State Street Aid Allocation - Powell Bill - All other Direct230,78580,057143,828105,928176,777145,539
130C
State Street Aid Allocation - Powell Bill - Construction





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

76,121
53,340
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




16,446
135C
Transportation - All Other - Construction




167,870
135D
Transportation - All Other - Land, Equipment, and Existing Structures





136AENVIRONSolid Waste - Salaries





136BMENTALSolid Waste - All other Direct444,526404,805375,927374,410349,143343,293
136CPROTECTIONSolid 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 - Salaries90,07585,02777,96784,75594,98595,165
138B
Cemeteries - All other Direct13,05510,40711,21713,37716,20019,284
138C
Cemeteries - Construction





138D
Cemeteries - Land, Equipment, and Existing Structures5,100



17,494
139A
Environmental Protection - All Other - Salaries





139B
Environmental Protection - All Other - All other Direct





139C
Environmental Protection - All Other - Construction





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





140AECONOMICPlanning and Zoning - Salaries38,627



80,644
140B& PHYSICALPlanning and Zoning - All other Direct63,16255,799


28,786
140CDEVELOPPlanning and Zoning - Construction





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




3,750
141A
Economic Development - Salaries





141B
Economic Development - All other Direct366,901355,170126,55582,944284,72185,281
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 Structures1,300




146AHUMANHealth - Salaries





146BSERVICESHealth - All other Direct





146C
Health - Construction





146D
Health - Land, Equipment, and Existing Structures





147A
Mental Health - Salaries





147B
Mental Health - All other Direct





147C
Mental Health - Construction





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





148A
Social Services - Salaries





148B
Social Services - All other Direct





148C
Social Services - Construction





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





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





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





151A
Other Human Services: Legal Aid - Salaries





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





151C
Other Human Services: Legal Aid - Construction





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





152A
Human Services - All Other - Salaries





152B
Human Services - All Other - All other Direct





152C
Human Services - All Other - Construction





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





153ACULTURE Recreation and Parks - Salaries171,365173,086162,287182,115182,505172,124
153BRECREATIONRecreation and Parks - All other Direct121,147131,260119,027151,056149,096144,711
153C
Recreation and Parks - Construction





153D
Recreation and Parks - Land, Equipment, and Existing Structures
49,044

64,68626,721
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 - Salaries82,14382,66074,669126,207126,59183,913
156B
Libraries - All other Direct40,41339,21837,62256,61863,22449,264
156C
Libraries - Construction





156D
Libraries - Land, Equipment, and Existing Structures

18,087

1,713
157A
Culture and Recreation - All Other - Salaries





157B
Human Services - All Other - All other Direct

4,00193,190

157C
Human Services - All Other - Construction





157D
Human Services - All Other - Land, Equipment, and Existing Structures88,522
5,450


158AUTILITYWater and Sewer - Salaries603,201476,606455,966561,836544,975441,673
158B
Water and Sewer - All other Direct1,737,1671,447,2361,659,4911,463,0571,593,0141,459,679
158C
Water and Sewer - Construction

-15,0471,044,858

158D
Water and Sewer - Land, Equipment, and Existing Structures

7,458129,938139,769126,389
159A
Electric Power - Salaries628,260538,493481,726552,089522,883406,015
159B
Electric Power - All other Direct6,948,8866,365,6286,130,5635,611,8485,197,4655,523,500
159C
Electric Power - Construction

1,371,2792,177,455

159D
Electric Power - Land, Equipment, and Existing Structures
-65,265235,918362,45834,25237,653
160A
Natural Gas - Salries





160B
Natural Gas - All other Direct





160C
Natural Gas - Construction





160D
Natural Gas - Land, Equipment and Existing Structures





160.1A
Storm water salaries





160.1B
Storm water other operating





160.1C
Storm water contruction





160.1C
Storm water land, equipment and existing structures





161BDEBTWater and Sewer - Debt Service Interest Payments27,53223,3091,3011,2703,0858,241
161DSERVICEWater and Sewer - Debt Service Principal Payments12,4945,30135,04222,81053,019148,500
162B
Electric - Debt Service Interest Payments109,698116,431123,1961,187784
162D
Electric - Debt Service Principal Payments184,777186,238189,50017,7839,99327,450
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 Payments6,8977,51512,15818,70523,41726,241
166D
All Other - Debt Service Principal Payments55,78685,234212,546192,109193,288186,790
167BPENSIONDirect Benefit Program - Pension Fund operated by the Unit





168BFRINGEFringe Benefits Unallocated - (B)





169B
Separation Allowance - Law Enforcement Officers -(B)43,31443,23633,60524,46116,5668,672
170B
Separation Allowance - Other Employees - (B)





171B
Supplemental Retirement Income Plan for Law Enforcement Officers - (B)49,06744,05244,78749,31251,75158,050
172B
Fringe Benefits Other - (B)





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





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





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





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





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





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 6Current Year Levy Excluding Motor Vehicles1,732,1201,572,8361,359,4851,208,9101,175,3441,309,226
180 OTHERCurrent Year Levy Motor Vehicles Only172,482180,404179,332134,760135,808135,132
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles5,6593,8007,7827,4128,85962,748
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles27,78331,35129,90525,65423,99340,276
183
Percentage of Taxes Collected - Current Year All Property98.2498.0097.5597.5497.4992.87
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles99.6799.7699.4399.3999.2595.21
185
Percentage of Taxes Collected - Current Year - Motor Vehicles83.8982.6283.3280.9682.3370.20
186
Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal





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





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





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





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





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





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





189CINVESTCash on Hand and in Bank, and Securities - All Other6,876,2366,311,7295,023,0534,443,4016,066,2296,285,017
190A PARTAppropriations made during the fiscal year pursuant to subsections b (1- 7)





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





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





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





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





194APART 9Amounts - Total Revenues and other financing sources per audit15,529,24714,858,66914,392,06314,282,91212,472,39613,530,589
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in




676,941
194D
Amounts - Net Revenues per AFIR15,529,24714,858,66914,392,06314,282,91212,472,39612,853,648


Calculated amount15,529,24714,858,66914,392,06314,282,91212,472,39612,853,648


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit14,958,58413,576,97914,756,31216,742,22213,348,20513,566,976
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out




676,941
195D
Amounts Net Expenditures per AFIR14,958,58413,576,97914,756,31216,742,22213,348,20512,890,035


Calculated amount14,958,58413,576,97914,756,31216,742,22213,348,20512,890,035


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatoryERICA F. WALTERS


951
Title of OfficialFINANCE DIRECTOR


952
Date Certified11/05/200910/31/200810/25/2007


953
Person to ContactERICA F. WALTERS


954
Title of Person to ContactFINANCE DIRECTOR


955
Telephone Number919-965-9841


956
Facsimile Number919-965-8517






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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Selma













200920082007200620052004








Population
7,4977,1687,0086,8416,6856,517
Population Group
Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999 Electric 2,500 to 9,999
Total Operating Revenues
$02,650,8040000
Total Operating Revenues Per Capita
$03700000
Group Weighted Average Revenues Per Capita06503500
State Weighted Average Revenues Per Capita2201215163








% to Total Operating Revenues






Operating Expenses
0.00%88.42%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!97.33%#DIV/0!185.25%#DIV/0!#DIV/0!
State Weighted Average
287.00%89.94%84.21%104.54%119.75%338.51%








Operating Margin
0.00%11.58%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!2.67%#DIV/0!-85.25%#DIV/0!#DIV/0!
State Weighted Average
-187.00%10.06%15.79%-4.54%-19.75%-238.51%








Operating Transfers In/(out)
0.00%-3.30%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!-1.33%#DIV/0!5.41%#DIV/0!#DIV/0!
State Weighted Average
0.00%-0.70%-0.66%-1.84%-2.09%5.70%








Net Income before capital contributions
0.00%19.04%0.00%0.00%0.00%0.00%
Group Weighted Average
#DIV/0!69.46%#DIV/0!205.80%#DIV/0!#DIV/0!
State Weighted Average
968.20%480.53%1193.75%778.98%531.01%2097.68%








Key Ratios and Cash Flow














Quick Ratio
9.989.034.994.105.736.20
Group Weighted Average
3.012.562.642.162.442.41
State Weighted Average
2.812.962.902.821.822.76








Days Sales in Receivables
N/A48.8N/AN/AN/AN/A
Group Weighted Average
#DIV/0!32.2#DIV/0!78.3#DIV/0!136.2
State Weighted Average
47.360.742.687.697.761.5








Days Cash on Hand
-2,010.1428.50.00.00.00.0
Group Weighted Average
-163.9-250.1-59.8-556.40.0-30.8
State Weighted Average
-46.5-344.5-221.9-343.5-346.7-208.8








Cash flow from Operations
$298,054844,685910,207-49,904288,460404,732








Debt to Equity
0.000.060.000.000.000.00
Group Weighted Average
1.490.110.160.350.610.02
State Weighted Average
27.793.775.743.822.363.93








Debt per Capita
0900000
Group Weighted Average
1172635172961
State Weighted Average
754535335660675266








Capital Expenditures:
200920082007200620052004


$00-7,5891,174,796139,769126,389










2003200220012000



$120,87101,251,677176,309









Capital Contributions: Excluded from income above
$000000
















Operating Statistics














Estimated population of the areas served Water007,008NANANA
Estimated population of the areas served Sewer007,008NANANA








Number of Gallons of Water Processed (000) omitted688311,847298,219NANANA
Number of Gallons of Sewage Processed (000) omitted360315,703389,405NANANA








Number of Gallons of Water Billed (000) omitted18,27416,929233,362NANANA
Number of Gallons of Sewage Billed (000) omitted16,03614,327210,911NANANA








Ratio of Water Billed to Water Processed26.562980.054290.78252NANANA
Ratio of Sewage Billed to Sewage Processed44.577880.045380.54162NANANA








Total Revenue from Water Sales96,78190,0581,209,303NANANA
Total Revenue from Sewage Sales120,656110,3751,466,747NANANA








Water Revenue per 1000 gallons of Sales


172.56036NANANA
Sewage Revenue per 1000 gallons of Sales


209.29609NANANA








Group Average Sales per thousand Gallons Water$5.52170$26,467.24286$36.77508NANANA
Group Average Sales per thousand Gallons Sewage$5.17183$23,894.52953$53.71457NANANA








State Average Sales per thousand Gallons Water$39.12016$9.21753$4,470.42307NANANA
State Average Sales per thousand Gallons Sewage$35.74438$25.29767$2,448.46180NANANA








Residential Water Sales per thousand Gallons$5.316945.471955.31016NANANA
Residential Sewage Sales per thousand Gallons$7.217697.403246.75692NANANA








Water Sales per thousand Gallons outside Municipal Limits

7.07939NANANA
Sewage Sales per thousand Gallons outside Municipal Limits

9.12354NANANA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.00000NANANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.00000NANANA




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Key Ratios of Electric Systems for The




Town of Selma













200920082007200620052004








Population
7,4977,1687,0086,8416,6856,517
Power Agency Group
N.C. Easterrn Municipal Power Agency
Total Operating Revenues
$07,401,9360000
Group Weighted Average
01,422,79600121,3010








% to Total Operating Revenues






Power Purchases
0.0%79.8%0.0%0.0%0.0%0.0%
Group Weighted Average
0.0%23.2%#DIV/0!#DIV/0!2115.3%#DIV/0!








Other Operating Expenses
0.0%14.9%0.0%0.0%0.0%0.0%
Group Weighted Average
0.0%27.2%#DIV/0!#DIV/0!-2016.2%#DIV/0!








Operating Margin
0.0%5.3%0.0%0.0%0.0%0.0%
Group Weighted Average
100.0%49.6%#DIV/0!#DIV/0!0.9%#DIV/0!








Operating Transfers In/(out)
0.0%-1.4%0.0%0.0%0.0%0.0%
Group Weighted Average In/(out)
0.0%-0.7%#DIV/0!#DIV/0!-4.5%#DIV/0!








Net Income
0.0%3.3%0.0%0.0%0.0%0.0%
Group Weighted Average
#DIV/0!36.9%#DIV/0!#DIV/0!63.6%#DIV/0!








Key Ratios and Cash Flow














Quick Ratio
2.22.22.02.33.73.7
Group Weighted Average
2.62.62.62.93.23.5








Coverage Ratio
0.001.070.00-5.050.000.00
Group Weighted Average
12.924.718.211.441.297.51








Days Sales in Receivables
0.043.80.00.00.00.0
Group Weighted Average
N/A3.5N/AN/AN/A14.9








Days Cash on Hand
0.086.40.00.00.00.0
Group Weighted Average
-304.7-8598.6322.6-46.3-4.9-638.1








Cash flow from Operations
$673,398560,059735,878719,543613,695256,891








Capital Expenditures:
$0-65,2651,607,1972,539,91334,25237,653


















200920082007200620052004
Capital Contributions: Excluded from Income Above
$000000








Operating Transfers to the General Fund as a % of GF Revenues
3.57%2.26%6.90%0.00%0.00%0.00%










20032002200120001999


#VALUE!#VALUE!#VALUE!351.00%4.82%








Gross Electric Fund Assets as Cost
$06,948,7286,831,94902,488,6102,454,358
Estimated Tax Loss from Municipal Ownership of Utility
$0$34,04933,477010,95012,763
Tax Rate Equivalent
0.00000.00890.01080.00000.00330.0044








Operating Transfers to the General Fund as a % of Gross Fixed Assets
0.00%1.44%4.10%0.00%0.00%0.00%








Operating Transfers to the General Fund as a Tax Rate Equivalent
0.04240.02620.09000.00000.00000.0000








Tax Rate Adjusted for Assessed to Sales Ratio
0.45340.43740.44940.42700.42310.5115








Tax Rate Adjusted Excluding Transfers
0.49590.46360.53940.42700.42310.5115








Weighted Average Group Rate Adjusted
0.34250.33230.36330.37190.37680.3812








Weighted Average Non Electric Adjusted Rate
0.24990.24380.26100.29210.30930.3354




Financial Graphs and Comparisons


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

20052006200720082009
Unit's FBA %27.69%17.04%52.60%50.65%49.54%
Group average FBA %37.99%39.10%37.68%39.94%41.37%
State average Electric/Non Electric Group FBA %36.67%35.62%33.99%35.41%34.57%
State average FBA %36.78%36.96%37.99%36.34%37.00%






Municipal Population Group: Electric 2,500 to 9,999

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Analysis of Property Tax

20052006200720082009
Municipality97.49%97.54%97.55%98.00%98.24%
Pop. Group95.70%95.42%96.00%95.89%96.15%
Statewide97.42%97.55%97.59%97.64%97.78%






Municipal Population Group: Electric 2,500 to 9,999






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Analysis of General Obligation Debt

20052006200720082009
Municipality00000
Pop. Group131117937169
Statewide505495478456455






Municipal Population Group: 5,000 to 9,999






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Analysis of Revenue

20052006200720082009
Property Tax$205199220243254
Utility1,3131,3801,4671,4381,464
Sales Tax8687878691
Sales & Services80889110290
Intergovernmental74242121112119
Debt Proceeds2310000
Other Miscellaneous8582689253
Total$1,8662,0882,0542,0732,071

Go to top of page
Analysis of Revenue for Fiscal 2009











2009
2009
CategoryRevenue
Per Capita
Property Tax$1,902,041
$254
Water/Sewer2,726,684
364
Electric8,248,917
1,100
Other Utilities0
0
Sales Tax687,548
91
Sales & Services675,588
90
Intergovernment892,794
119
Debt Proceeds0
0
Miscellaneous395,675
53
Total$15,529,247
$2,071





Municipal Population Group: Electric 2,500 to 9,999





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Analysis of Expenditures by Function for Fiscal 2009











2009
2009
CategoryExpenditures
Per Capita
General Government$661,727
$88
Water/Sewer2,340,368
312
Electric7,577,146
1,011
Other Utilities0
0
Debt Service397,184
53
Transportation557,528
74
Public Safety1,898,295
253
Other1,526,336
204
Total$14,958,584
$1,995





Municipal Population Group: Electric 2,500 to 9,999





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Analysis of Expenditures by Object for Fiscal 2009






2009
2009
CategoryExpenditures
Per Capita
Salaries & Wages$3,659,072
$488
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay152,529
20
Other Operating11,146,983
1,487
Total$14,958,584
$1,995





Municipal Population Group: Electric 2,500 to 9,999






Last Updated 6/11/2010 10:25:50 AM