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 | Electric System Information
Financial Graphs and Comparisons | Download Excel 97 Version of Financial Summary

Institute of Government North Carolina Cities Web Site

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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year

Municipality Revenues and Expenditures Financial Profile Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$1,908,838	1,895,861	1,902,041	1,741,077	1,545,040	1,361,520
		Utility	11,525,518	11,414,405	10,999,533	10,350,820	10,282,679	9,441,017
		Sales Tax	604,282	627,736	687,548	617,613	605,228	591,638
		Sales & Services	816,324	673,626	652,231	683,302	635,363	599,895
		Intergovernmental	2,224,902	2,562,509	892,794	805,463	850,611	1,655,571
		Debt Proceeds	-	44,291	37,492	196,368	28,634	89,353
		Other Miscellaneous	345,964	214,269	357,608	464,026	444,508	543,918
		Total	$17,425,828	17,432,697	15,529,247	14,858,669	14,392,063	14,282,912

	Expenditures by Function
		Utility	$10,499,255	10,586,171	9,917,514	8,762,698	10,327,354	11,903,539
		Debt Service	531,800	402,745	397,184	424,028	573,743	253,864
		Transportation	570,365	824,629	557,528	399,738	527,691	491,956
		General Government	758,105	667,512	661,727	747,071	674,223	853,400
		Public Safety	2,490,787	2,381,623	1,898,295	1,856,968	1,640,492	2,074,791
		Other	2,939,400	2,456,862	1,526,336	1,386,476	1,012,809	1,164,672
		Total	$17,789,712	17,319,542	14,958,584	13,576,979	14,756,312	16,742,222

	Expenditures by Object
		Salaries & Wages	$3,853,321	3,803,464	3,659,072	3,310,312	3,049,188	3,669,356
		Capital Outlay	2,236,050	2,295,924	152,529	2,099	1,708,995	3,802,068
		Other Operating + Debt Service	11,700,341	11,220,154	11,146,983	10,264,568	9,998,129	9,270,798
		Total	$17,789,712	17,319,542	14,958,584	13,576,979	14,756,312	16,742,222


	Per Capita Revenues by Source
		Property Tax	$312	247	254	243	220	199
		Utility	1,884	1,488	1,467	1,444	1,467	1,380
		Sales Tax	98	82	91	87	88	86
		Sales & Services	133	88	87	95	91	88
		Intergovernmental	364	334	119	112	121	242
		Debt Proceeds	-	6	5	27	4	13
		Other Miscellaneous	57	28	48	65	63	80
		Total	$2,848	2,273	2,071	2,073	2,054	2,088

	Per Capita Expenditures by Function
		Utility	$1,716	1,380	1,323	1,222	1,474	1,740
		Debt Service	87	53	53	59	82	37
		Transportation	93	107	74	56	75	72
		General Government	124	88	88	105	96	125
		Public Safety	407	310	253	259	234	303
		Other	480	320	204	193	145	170
		Total	$2,907	2,258	1,995	1,894	2,106	2,447

	Per Capita Expenditures by Object
		Salaries & Wages	$630	496	488	462	435	536
		Capital Outlay	365	299	20	-	244	556
		Other Operating	1,912	1,463	1,487	1,432	1,427	1,355
		Total	$2,907	2,258	1,995	1,894	2,106	2,447

	Population Group		No 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
		Number of Municipalites in Group	140	19	20	21	20	20
		Average Population In Group	4,847	4,773	4,967	5,139	5,149	5,074
		Town of Selma Population	6,119	7,671	7,497	7,168	7,008	6,841
	Group Average Per Capita Revenues by Source
		Property Tax	349	308	317	305	301	285
		Utility	757	1,860	1,798	2,069	1,907	1,868
		Sales Tax	124	114	134	158	162	152
		Sales & Services	140	98	100	122	104	99
		Intergovernmental	262	242	221	197	218	223
		Debt Proceeds	94	120	122	86	44	24
		Other Miscellaneous	149	118	165	237	227	136
		Total	1,875	2,860	2,857	3,174	2,963	2,787

	Group Average Per Capita Expenditures by Function
		Utility	607	1,687	1,689	1,907	1,700	1,712
		Debt Service	86	136	102	146	109	99
		Transportation	98	106	125	131	148	136
		General Government	173	189	192	161	181	163
		Public Safety	321	399	359	446	405	362
		Other	273	385	344	399	365	329
		Total	1,558	2,902	2,811	3,190	2,908	2,801

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	480	597	631	654	595	593
		Capital Outlay	245	274	258	469	375	348
		Other Operating	832	2,026	1,918	2,067	1,938	1,860
		Total	1,557	2,897	2,807	3,190	2,908	2,801


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$0	4,354,144	4,557,110	4,433,351	4,059,972	3,712,854
	General Fund expenditures		-	4,845,235	4,802,047	4,546,572	4,079,919	4,645,158
	Operating transfers in		-	353,500	325,000	187,500	1,326,731	441,413
	Operating transfers out		-	-	-	-	-	102,786
	Capital leases and installment purchase proceeds		-	296,887	-	63,570	-	54,000
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		-	159,296	80,063	137,849	1,306,784	(539,677)

	Fund balance available (FBA):
		In dollars	$2,365,392	2,278,995	2,378,821	2,270,622	2,146,155	799,885
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	44.88	50.11	49.54	50.65	52.60	17.04
		Group weighted average FBA %	89.18	47.34	41.37	39.94	37.68	39.10
		State weighted average Electric Group	38.21	33.60	34.33	35.35	33.92	35.62
		State weighted average FBA %	38.21	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Electric, Water/Sewer

	Combined financial results:
		Working capital	$1,688,382	4,500,082	4,350,844	3,954,714	2,841,553	3,134,565
		Quick ratio	9.20	3.42	3.59	3.58	2.66	2.68
		Net income	1,568,406	(239,420)	(213,016)	746,166	585,310	(585,322)
		Cashflow from operations	330,982	1,031,899	971,452	1,404,744	1,646,085	669,639
		Depreciation & Amortization Expense	53,776	939,390	911,666	692,473	427,459	447,086



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

		Population at July 1st of the Previous Year	6,119	7,671	7,497	7,168	7,008	6,841
		Population Group	No 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
		Cash &Investments	$7,081,366	$7,485,881	$6,876,236	$6,311,729	$5,023,053	$4,443,401
		Investment Earnings	73,472	20,165	107,184	240,772	230,663	188,959
		Tax Rate Equivalent	0.0206	0.0057	0.0280	0.0631	0.0742	0.0617
		Tax Rate Equivalent Group weighted average	0.0031	0.0103	0.0240	0.0548	0.0722	0.0561
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2003	2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$357,363,010	350,823,709	382,871,596	381,335,089	310,998,287	306,435,997
		Tax Rate	0.5300	0.5300	0.5300	0.4900	0.4900	0.4400
		Tax Rate Group weighted average	0.2906	0.3733	0.3781	0.3834	0.4066	0.4094
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	98.69	90.05	85.55	89.26	91.71	97.04
		Assessment -to-Sales Ratio Group weighted average	101.72	96.01	90.58	86.68	89.35	90.83
		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	$362,106,607	389,587,684	447,541,316	427,218,339	339,110,552	315,783,179
		EffectiveTax Rate	0.5231	0.4773	0.4534	0.4374	0.4494	0.4270
		Group weighted average Effective Tax Rate	0.2956	0.3584	0.3425	0.3323	0.3633	0.3719
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	98.0900	98.3100	98.2400	98.0000	97.5500	97.5400
		Percent Collected Group weighted average	96.53	96.18	95.82	95.89	96.00	95.42
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	99.20	99.41	99.67	99.76	99.43	99.39
		Percent Collected Excluding Motor Vehicles Group weighted average	97.29	97.20	96.84	97.21	97.38	96.96
		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	53.47	86.77	83.89	82.62	83.32	80.96
		Percent Collected Motor Vehicles Only Group weighted average	84.83	82.16	82.55	81.36	82.28	80.71
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	61,057	175,522	178,141	184,204	187,114	142,172
		Tax Rate Equivalent	0.0171	0.0500	0.0465	0.0483	0.0602	0.0464
		Dominant County: Johnston
	Debt Information
		Population Group	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 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 Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	#N/A	89	69	71	93	117
		Total Per Capita Statewide	#N/A	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	#N/A	0.0700%	0.0531%	0.0577%	0.0861%	0.1199%
		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	2,629,138	2,820,660	3,005,437	3,183,707	3,355,700
		--General Government	0	700,088	66,600	88,800	111,000	133,200
		Total*	$0	3,329,226	2,887,260	3,094,237	3,294,707	3,488,900
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	719,000	636,000	643,000	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		6,119	7,671	7,497	7,168	7,008	6,841

1.5A	FISCAL	Governmental Activities Assets	12,530,011	11,859,755	9,055,516	7,606,552	7,539,252	7,211,449
1.5B	SUMMARY	Governmental Activities Liabilities	3,493,178	2,668,776	679,654	547,912	561,411	740,011
3.5A		Business Type Activities Assets	17,878,770	18,470,483	18,494,816	18,700,124	16,429,849	16,388,990
3.5B		Business Type Activities Liabilties	4,867,763	5,144,648	4,929,561	4,921,853	4,647,744	5,029,845
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	1,867,758	1,860,167	1,898,066	1,713,393	1,501,130	1,310,604
11.0	TAX	Current Collections of Special Tax Districts						91,239
12.0	REVENUES	Prior Years' Levy Collections	28,518	28,678	-2,516	22,280	37,374	43,615
13.0		Penalties and Interest	12,562	7,016	6,491	5,404	6,536	7,301
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax	384	18	25	39
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax	302,141	313,868	343,774	308,807	302,614	295,819
17.0		1/2% Local Government Option Sales Tax (40)	151,070	156,934	171,887	154,403	151,307	147,910
18.0		1/2% Local Government Option Sales Tax (42)	151,071	156,934	171,887	154,403	151,307	147,909
18.5		1/2% Local Government Option Sales Tax (44)
19.0		Privilege Licenses	9,852	12,575	11,346	12,746	13,540	13,631
19.2		Privilege -- All other privileges and pemits					31	113
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses					17,346	31,408
23.0		Local Occupancy Tax	97,721	96,391	105,500	113,890	96,684	62,319
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					8,150	10,058
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.	25,101
29.0	REVENUES	General Government		97,464			1,368
30.0		Public Safety	1,070,643	542,075			101,393
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection	10,084	156,941
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.	369,756	442,633
35.0		Econ. & Phys. Dev. - All Other	29,605	32,084
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other					162,350
38.0		Culture & Recreation	5,804	481,740	88,522
39.0	STATE	Payments In Lieu of Taxes - State	11,053	10,699	13,874	9,148
40.0	INTERGOV	Unauthorized Substance Tax	9,472	70,581	3,021	6,876	9,117
41.0	REVENUES	Transitional Hold Harmless	39,791	48,205	35,198	27,765	37,145	40,930
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	357,538	349,060	344,949	333,960	282,316	246,718
45.0		Beer and Wine Tax	33,809	10,704	46,576	32,282	30,913	29,527
46.0		Powell Bill
50.0		Court Fees - Facilities and Arrest Fees	5,374	3,445	3,025	2,121	3,822	13,277
51.0		General Government
52.0		Public Safety	28,500	112,625	106,088	100,175		909
53.0		Transportation - Streets	193,082	189,286	205,541	227,136	200,487	201,378
54.0		Transportation - All Other
55.0		Environmental Protection	35,290					1,087,650
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				1,000	1,000
60.0		Culture and Recreation		14,967	6,000	25,000	12,550	25,124
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection			40,000	40,000
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits	43,383	38,764	95,415	39,150	32,077	57,163
72.0	& FEES	Inspection Fees	16,905	17,440	14,095	6,855	7,550	4,730
72.1		Amusements licensing and permit taxes
73.0		Other Permits	1,150	200	575
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	26,110			22,847	12,300	11,420
76.0		Airport
77.0		Fire Protection Charges	231				211	211
78.0		Solid Waste	513,903	472,723	482,171	436,322	411,472	405,664
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries	198,130	142,259	102,288	145,540	141,888	124,219
81.0		Recreation Service Revenues	54,985	27,893	46,355	49,965	50,069	58,381
82.0		Library Service Revenues		4,669	3,083	4,037
83.0		Other Cultural and Rec Service Revenues	21,815	25,882	17,759	24,591	19,423
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	9,628	25,363	23,932	45,623
86.0	UTILITY	Water and Sewer Charges	2,732,721	2,710,852	2,726,684	2,778,158	2,784,075	2,432,480
87.0	REVENUES	Electric Charges	8,783,169	8,678,190	8,248,917	7,527,039	7,498,604	7,008,537
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	73,472	20,165	107,184	240,772	230,663	188,959
91.0		Special Assessments
92.0		Private Contributions and Donations	9,409	145		19,750	5,252	2,779
93.0		Sales of Materials and Fixed Assets	70,855				14,651
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	23,983	28,771	24,043	30,824	26,714	21,577
98.0		Other Miscellaneous Revenues		44,291	37,492	196,368	28,634	89,353
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases						70,000
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
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	16,332	15,693	17,787	15,694		25,395
109B	GENERAL	Governing Body - Other Direct	38,765	73,577	77,307	66,880	47,670	151,530
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	181,901	204,531	193,000	263,320	233,202	254,115
110B		Administration - Other Direct	100,615	68,055	86,630	82,687	114,648	133,943
110C		Administration - Construction
110D		Administration - Purchase of P,P&E
111A		Elections - Salaries & Wages
111B		Elections - Other Direct	16,053	15,038	12,918
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages	49,936	44,504	44,235	76,547	87,168	84,133
112B		Finance - Other Direct	87,271	85,038	98,362	92,715	75,636	110,955
112C		Finance - Construction
112D		Finance - Purchase of P,P&E	10,419	16,991				7,190
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	138,288	137,089	131,488	135,457	109,088	13,764
115C		Public Buildings - Construction		6,996
115D		Public Buildings - Purchase of P,P&E	118,525
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct					-63	6,731
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				13,771	6,874	65,644
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	1,363,706	1,303,512	1,355,249	1,251,760	1,149,744	1,323,169
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	64,415	72,369	93,823	134,957	177,708	182,842
119C		Police & Comm - Traffic Control - Construction		31,631
119D		Police & Comm - Traffic Control - Purchase of P,P&E	252,220	572,564	57,607		9,729	78,369
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	180,223	192,912	183,807	121,645	95,978	125,646
122B		Fire - Other Direct	99,206	76,990	77,295	216,116	50,737	113,406
122C		Fire - Construction
122D		Fire - Purchase of P,P&E	415,069	5,077		7,626		1,800
123A		Inspectors - Salaries & Wages						63,383
123B		Inspectors - Other Direct					41,239	70,290
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages
124B		Rescue Units - Other Direct	15,000	40,177	38,133	37,576	36,965	42,113
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E
125A		Animal Control - Salaries & Wages
125B		Animal Control - Other Direct
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E
126A		Pub. Safety All Other - Salaries & Wages
126B		Pub. Safety All Other - Other Direct
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages	316,609	364,128	251,323	225,474	230,481	286,513
128B		Streets and Highways - Other Direct	90,502	73,629	75,420	83,513	77,261	99,515
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E	15,711	298,901		10,694
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	147,543	87,971	230,785	80,057	143,828	105,928
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E					76,121
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages
135B		Transpor. All Other - Other Direct
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages
136B	MENTAL	Solid Waste - Other Direct	504,058	465,304	444,526	404,805	375,927	374,410
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	99,097	93,775	90,075	85,027	77,967	84,755
138B		Cemeteries - Other Direct	13,781	18,601	13,055	10,407	11,217	13,377
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E	606,138		5,100
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	74,368	66,208	38,627
140B	& PHYSICAL	Planning & Zoning - Other Direct	74,557	81,584	63,162	55,799
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct	265,355	270,584	366,901	355,170	126,555	82,944
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct	105,466	75,000
142C		Community Development - Construction		89,426
142D		Community Development - Purchase of P,P&E	307,107	351,907
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	7,500
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E			1,300
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	172,735	169,439	171,365	173,086	162,287	182,115
153B	RECREATION	Recreation & Parks - Other Direct	105,596	108,423	121,147	131,260	119,027	151,056
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E	5,705	28,272		49,044
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	90,246	86,555	82,143	82,660	74,669	126,207
156B		Libraries - Other Direct	47,222	47,580	40,413	39,218	37,622	56,618
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E	460,469	22,464			18,087
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct					4,001	93,190
157C		Cult. & Recr. All Other - Construction		472,889
157D		Cult. & Recr. All Other - Purchase of P,P&E		8,851	88,522		5,450
158A	UTILITY	Water & Sewer - Salaries & Wages	660,880	624,337	603,201	476,606	455,966	561,836
158B		Water & Sewer - Other Direct	1,729,528	1,777,725	1,737,167	1,447,236	1,659,491	1,463,057
158C		Water & Sewer - Construction		52,099			-15,047	1,044,858
158D		Water & Sewer - Purchase of P,P&E	10,084	337,856			7,458	129,938
159A		Electric Power - Salaries & Wages	647,288	637,870	628,260	538,493	481,726	552,089
159B		Electric Power - Other Direct	7,416,872	7,156,284	6,948,886	6,365,628	6,130,563	5,611,848
159C		Electric Power - Construction					1,371,279	2,177,455
159D		Electric Power - Purchase of P,P&E	34,603			-65,265	235,918	362,458
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	26,733	27,030	27,532	23,309	1,301	1,270
161D	SERVICE	Water & Sewer - Principal	25,000	7,000	12,494	5,301	35,042	22,810
162B		Electric - Interest & Fees	105,336	107,232	109,698	116,431	123,196	1,187
162D		Electric - Principal	258,591	219,060	184,777	186,238	189,500	17,783
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	11,770	4,629	6,897	7,515	12,158	18,705
166D		All Other - Principal	104,370	37,794	55,786	85,234	212,546	192,109
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement	41,487	41,489	43,314	43,236	33,605	24,461
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	59,461	44,902	49,067	44,052	44,787	49,312
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	1,859,967.	1,726,893.00	1,732,120.00	1,572,836.00	1,359,485.00	1,208,910.00
180.0		Current year's levy -- Motor vehicles (only)	46,254.	165,338.00	172,482.00	180,404.00	179,332.00	134,760.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	14,803.	10,184.00	5,659.00	3,800.00	7,782.00	7,412.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	21,522	21,880	27,783	31,351	29,905	25,654
183.0	DATA	Percentage of Taxes Collected - All Property %	98.09	98.31	98.24	98.00	97.55	97.54
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	99.20	99.41	99.67	99.76	99.43	99.39
185.0		Percentage of Taxes Collected - Motor Vehicles %	53.47	86.77	83.89	82.62	83.32	80.96
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	7,081,366	7,485,881	6,876,236	6,311,729	5,023,053	4,443,401
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	17,425,828	17,432,697	15,529,247	14,858,669	14,392,063	14,282,912
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues	17,425,828	17,432,697	15,529,247	14,858,669	14,392,063	14,282,912
		Calculated amount	17,425,828	17,432,697	15,529,247	14,858,669	14,392,063	14,282,912
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	17,789,712	17,319,542	14,958,584	13,576,979	14,756,312	16,742,222
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures	17,789,712	17,319,542	14,958,584	13,576,979	14,756,312	16,742,222
		Calculated amount	17,789,712	17,319,542	14,958,584	13,576,979	14,756,312	16,742,222
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					8,560
401B	Water /	Number of residential accounts billed Sewer					7,008
402A	Sewer	Amount processed and/or purchased in units Water	301	593	688	311,847	298,219
402B	Operations	Amount processed and/or purchased in units Sewer	318	366	360	315,703	389,405
403A		Total amount billed in units - Water	21	18,615	18,274	16,929	233,362
403B		Total amount billed in units - Sewer	17	16,409	16,036	14,327	210,911
404A		Of the total in 403A above how many units were Residential W	10	9,600	9,090	7,844	111,983
404B		Of the total in 403B above how many units were Residential S					32,600
405A		Of the total in 403 above, how many units were Outside Muni W					33,932
405B		Of the total in 403 above, how many units were Outside Muni S					8,560
406A		Of the total in 405A above how many units were Residential W					2,456
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	103,490	98,761	96,781	90,058	1,209,303
408A		Dollars related to 403A above	136,530	133,798	120,656	110,375	1,466,747
408B		Dollars related to 403B above	49,682	52,512	48,331	42,922	594,648
409A		Dollars related to 404A above	61,261	73,895	58,023	52,526	682,618
409B		Dollars related to 404B above					230,788
410A		Dollars related to 405A above					309,580
410B		Dollars related to 405B above					76,155
411A		Dollars related to 406A above					28,171
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	2,146	2,209	2,284	2,313
421A		Number of residential accounts billed - Water	1,932	1,990	2,071	2,097
421B		Number of residential accounts billed - Sewer	380	356	357	362
422A		Number of non-residential & bulk accounts billed - Water	332	297	336	340
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Erica F. Walters
951.0		Title	Finance Director
952.0		Date	10/26/2011	10/25/2010	11/05/2009	10/31/2008	10/25/2007	12/05/2006
953.0		Contact	Erica F. Walters
954.0		Title	Finance Director
955.0		Phone	919-965-9841
956.0		Fax	919-965-4637
957.0		E-Mail:

Go to top of page Key Ratios of Electric Systems for The
Town of Selma

	2011	2010	2009	2008	2007	2006

Population	6,119	7,671	7,497	7,168	7,008	6,841
Power Agency Group	N.C. Easterrn Municipal Power Agency
Total Operating Revenues	$0	0	0	0	0	0
Group Weighted Average	#DIV/0!	15,757,433	15,168,623	13,678,216	13,200,898	12,603,524

% to Total Operating Revenues
Power Purchases	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	0.0%	81.8%	82.4%	80.0%	81.0%	80.6%

Other Operating Expenses	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	0.0%	14.8%	15.1%	17.5%	16.1%	16.4%

Operating Margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	100.0%	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	0.0%	0.0%	0.0%	0.3%	0.2%	0.0%

Operating Transfers Out	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average Out	#DIV/0!	2.0%	2.1%	2.2%	2.4%	2.1%

Net Income	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Group Weighted Average	#DIV/0!	3.6%	2.7%	3.6%	2.7%	1.6%

Key Ratios and Cash Flow

Quick Ratio	N/A	2.3	2.2	2.2	2.0	2.3
Group Weighted Average	#DIV/0!	2.7	2.6	2.6	2.6	2.9

Coverage Ratio	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	N/A	1.09	1.08	1.10	1.09	1.08

Days Sales in Receivables	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	N/A	44.8	40.7	43.1	40.5	42.2

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	N/A	64.0	62.5	73.6	71.7	75.3

Cash flow from Operations	$0	782,978	673,398	560,059	735,878	719,543

Capital Expenditures:	$10,084	389,955	0	0	-7,589	1,174,796


	2011	2010	2009	2008	2007	2006
Capital Contributions: Excluded from Income Above	$0	0	0	0	0	0

Operating Transfers to the General Fund as a % of GF Revenues	2011	2010	2009	2008	2007	2006
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

	2005	2004	2003	2002	2001	2000
	0.97%	0.71%	NA	NA	NA	NA

Gross Electric Fund Assets as Cost	$0	0	0	0	0	0
Estimated Tax Loss from Municipal Ownership of Utility	$0	$0	0	0	0	0
Tax Rate Equivalent	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000

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	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000

Tax Rate Adjusted for Assessed to Sales Ratio	0.5231	0.4773	0.4534	0.4374	0.4494	0.4270

Tax Rate Adjusted Excluding Transfers	0.5231	0.4773	0.4534	0.4374	0.4494	0.4270

Weighted Average Group Rate Adjusted	0.2956	0.3584	0.3425	0.3323	0.3633	0.3719

Weighted Average Non Electric Adjusted Rate	0.2956	0.2624	0.2486	0.2427	0.2602	0.2921

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 %	52.60%	50.65%	49.54%	50.11%	44.88%
Group average FBA %	37.68%	39.94%	41.37%	47.34%	89.18%
State average Electric/Non Electric Group FBA %	33.92%	35.35%	34.33%	33.60%	38.21%
State average FBA %	36.54%	36.35%	37.68%	37.47%	38.21%

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

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2007 2008 2009 2010 2011

Municipality 97.55% 98.00% 98.24% 98.31% 98.09%

Pop. Group 96.00% 95.89% 95.82% 96.18% 96.53%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

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

	2007	2008	2009	2010	2011
Municipality	97.55%	98.00%	98.24%	98.31%	98.09%
Pop. Group	96.00%	95.89%	95.82%	96.18%	96.53%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

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

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2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 93 71 69 89 #N/A

Statewide 478 456 455 449 #N/A

Municipal Population Group: 5,000 to 9,999

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	93	71	69	89	#N/A
Statewide	478	456	455	449	#N/A

Municipal Population Group: 5,000 to 9,999

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2007 2008 2009 2010 2011

Property Tax $220 243 254 247 312

Utility 1,467 1,444 1,467 1,488 1,884

Sales Tax 88 87 91 82 98

Sales & Services 91 95 87 88 133

Intergovernmental 121 112 119 334 364

Debt Proceeds 4 27 5 6 0

Other Miscellaneous 63 65 48 28 57

Total $2,054 2,073 2,071 2,273 2,848

	2007	2008	2009	2010	2011
Property Tax	$220	243	254	247	312
Utility	1,467	1,444	1,467	1,488	1,884
Sales Tax	88	87	91	82	98
Sales & Services	91	95	87	88	133
Intergovernmental	121	112	119	334	364
Debt Proceeds	4	27	5	6	0
Other Miscellaneous	63	65	48	28	57
Total	$2,054	2,073	2,071	2,273	2,848

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2011
2011

Category Revenue
Per Capita

Property Tax $1,908,838
$312

Water/Sewer 9,628
2

Electric 2,732,721
447

Other Utilities 8,783,169
1,435

Sales Tax 604,282
98

Sales & Services 816,324
133

Intergovernment 2,224,902
364

Debt Proceeds 0
0

Miscellaneous 345,964
57

Total $17,425,828
$2,848

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

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2011
2011

Category Expenditures
Per Capita

General Government $758,105
$124

Water/Sewer 0
0

Electric 2,400,492
392

Other Utilities 8,098,763
1,324

Debt Service 531,800
87

Transportation 570,365
93

Public Safety 2,490,787
407

Other 2,939,400
480

Total $17,789,712
$2,907

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

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $3,853,321
$630

Water/Sewer Capital 0
0

Electric Capital 10,084
2

Other Capital 2,225,966
364

Other Operating 11,700,341
1,912

Total $17,789,712
$2,907

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

Last Updated 1/31/2012 4:29:00 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$1,908,838	$312
Water/Sewer	9,628	2
Electric	2,732,721	447
Other Utilities	8,783,169	1,435
Sales Tax	604,282	98
Sales & Services	816,324	133
Intergovernment	2,224,902	364
Debt Proceeds	0	0
Miscellaneous	345,964	57
Total	$17,425,828	$2,848

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Selma

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Selma