North Carolina
Department of State Treasurer
Financial Information
Town of Sharpsburg



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

Institute of Government North Carolina Cities Web Site

Go to North Carolina County and Municipal Financial Information Home Page
Go to Nash County Map Page

The AFIR report that was due 10/31/2011 has not been received as of 02/04/2012


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		201120102009200820072006

Revenues by Source







Property Tax$0 336,469 298,730 228,431 265,161 305,923


Utility - 3,620,296 3,364,572 3,016,395 3,060,696 3,040,713


Sales Tax - 244,979 276,742 308,687 302,577 286,844


Sales & Services - 278,899 180,562 179,025 160,547 46,623


Intergovernmental - 315,273 217,482 175,801 118,930 371,453


Debt Proceeds - 5,192 6,525 110,628 188 7,523


Other Miscellaneous - 150,595 60,239 29,847 25,053 20,202


Total$0 4,951,703 4,404,852 4,048,814 3,933,152 4,079,281










Expenditures by Function







Utility$0 3,273,774 3,452,926 2,269,688 2,051,796 2,655,777


Debt Service - 255,121 268,223 252,512 249,845 272,593


Transportation - 285,454 393,786 504,756 359,666 673,405


General Government - 164,247 175,188 385,605 195,102 103,926


Public Safety - 645,264 573,274 482,706 317,828 486,854


Other - 7,530 6,869 27,322 23,385 10,055


Total$0 4,631,390 4,870,266 3,922,589 3,197,622 4,202,610










Expenditures by Object







Salaries & Wages$0 1,080,935 1,039,668 927,147 623,690 920,011


Capital Outlay - 195,734 114,972 135,625 3,680 231,637


Other Operating + Debt Service - 3,354,721 3,715,626 2,859,817 2,570,252 3,050,962


Total$0 4,631,390 4,870,266 3,922,589 3,197,622 4,202,610



















Per Capita Revenues by Source







Property Tax$0 127 114 88 102 118


Utility - 1,369 1,288 1,162 1,181 1,174


Sales Tax - 93 107 118 117 111


Sales & Services - 105 69 69 62 18


Intergovernmental - 119 83 68 46 143


Debt Proceeds - 2 2 43 - 3


Other Miscellaneous - 57 23 12 10 8


Total$0 1,872 1,686 1,560 1,518 1,575










Per Capita Expenditures by Function







Utility$0 1,238 1,322 875 792 1,025


Debt Service - 96 103 97 96 105


Transportation - 108 151 195 139 260


General Government - 62 67 148 75 41


Public Safety - 244 219 186 123 188


Other - 3 3 11 9 4


Total$0 1,751 1,865 1,512 1,234 1,623










Per Capita Expenditures by Object







Salaries & Wages$0 409 398 357 241 355


Capital Outlay - 74 44 52 1 89


Other Operating - 1,268 1,423 1,103 992 1,179


Total$0 1,751 1,865 1,512 1,234 1,623










Population GroupElectric 1,000 to 2,499 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 10 19 20 21 20 20


Average Population In Group 1,622 4,773 4,967 5,139 5,149 5,074


Town of Sharpsburg Population 2,032 2,645 2,612 2,595 2,591 2,590

Group Average Per Capita Revenues by Source







Property Tax 566 308317305301285


Utility 2,046 1,8601,7982,0691,9071,868


Sales Tax 257 114134158162152


Sales & Services 125 9810012210499


Intergovernmental 334 242221197218223


Debt Proceeds 13 120122864424


Other Miscellaneous 219 118165237227136


Total 3,560 2,8602,8573,1742,9632,787










Group Average Per Capita Expenditures by Function







Utility 2,242 1,6871,6891,9071,7001,712


Debt Service 209 13610214610999


Transportation 168 106125131148136


General Government 313 189192161181163


Public Safety 593 399359446405362


Other 331 385344399365329


Total 3,856 2,9022,8113,1902,9082,801










Group Average Per Capita Expenditures by Object







Salaries & Wages 931 597631654595593


Capital Outlay 532 274258469375348


Other Operating 2,393 2,0261,9182,0671,9381,860


Total 3,856 2,8972,8073,1902,9082,801


















General Fund
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General Fund revenues$0 1,161,269 977,177 917,170 897,351 826,187

General Fund expenditures - 1,119,917 1,181,650 1,417,860 911,092 1,289,350

Operating transfers in - 100,000 418,601 347,930 92,139 223,447

Operating transfers out - - - - - -

Capital leases and installment purchase proceeds - - - 104,434 - -

Other items - 11,194 - - - -

Excess of revenues and other sources over (under) expenditures and other uses - 152,546 214,128 (48,326) 78,398 (239,716)










Fund balance available (FBA):







In dollars$0 219,647 56,891 (102,810) (56,889) (126,270)


FBA as a % of GF Net Expenditures:







 Unit's FBA %0.0019.614.81-7.83-6.24-9.79


 Group weighted average FBA %#DIV/0!47.3441.3739.9437.6839.10


 State weighted average Electric Group67.1333.6034.3335.3533.9235.62


 State weighted average FBA %29.0137.4737.0336.3536.5436.96

















Enterprise Funds:
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Electric, Water/Sewer













Combined financial results:







Working capital$0 679,967 526,695 1,195,871 1,021,098 369,870


Quick ratio0.00 1.66 1.37 1.98 1.81 1.38


Net income0 174,279 (642,793)133,452 595,168 274,997


Cashflow from operations0 491,112 141,938 847,415 792,657 428,071


Depreciation & Amortization Expense0 180,799 175,115 178,479 186,266 187,918


























Cash, Investments and Financing
Go to top of page		201120102009200820072006











Population at July 1st of the Previous Year2,0322,6452,6122,5952,5912,590


Population GroupElectric 1,000 to 2,499 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$0 $1,030,852 $594,248 $1,008,698 $748,259 $209,231


Investment Earnings0 2,918 26,628 26,289 17,003 6,964


Tax Rate Equivalent0.00000.00430.04270.04310.02720.0114


Tax Rate Equivalent Group weighted average0.00440.01030.02400.05480.07220.0561


Tax Rate Equivalent Statewide weighted average0.01560.02470.01330.05240.09200.0573


Latest year of Revaluation 200920092001200120012001


January 1, Prior Year Assessed Valuation$65,609,937 67,236,527 62,305,406 61,044,870 62,517,799 61,260,177


Tax Rate0.50000.50000.45000.45000.55000.4500


Tax Rate Group weighted average0.31460.37330.37810.38340.40660.4094


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio96.7498.5781.9282.7888.1091.08


Assessment -to-Sales Ratio Group weighted average101.1696.0190.5886.6889.3590.83


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$67,820,898 68,211,958 76,056,404 73,743,501 70,962,314 67,259,746


EffectiveTax Rate0.48370.49290.36860.37250.48460.4099


Group weighted average Effective Tax Rate0.31830.35840.34250.33230.36330.3719


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected0.000090.750089.480089.890090.780078.0900


Percent Collected Group weighted average94.0696.1895.8295.8996.0095.42


Percent Collected Statewide97.5997.3697.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles0.0096.7894.9394.0694.6984.06


Percent Collected Excluding Motor Vehicles Group weighted average94.5697.2096.8497.2197.3896.96


Percent Collected Excluding Motor Vehicles Statewide weighted average98.3598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 0.0061.6467.0269.8063.8562.12


Percent Collected Motor Vehicles Only Group weighted average82.0982.1682.5581.3682.2880.71


Percent Collected Motor Vehicles Only Statewide weighted average 87.2886.3486.5586.7486.7186.80


Tax Uncollected0 66,615 73,244 61,221 63,227 101,682


Tax Rate Equivalent0.00000.09910.11760.10030.10110.1660


Dominant County: Nash






Debt Information








Population Group1,000 to 2,4992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,999


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$1,701,000 1,745,000 1,787,000 1,827,000 1,866,000 1,903,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt1,701,000 1,745,000 1,787,000 1,827,000 1,866,000 1,903,000


Per Capita$837 660 684 704 720 735


Total Per Capita for the Population Group236 107 158 152 149 162


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales2.5081%2.5582%2.3496%2.4775%2.6296%2.8293%


 Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1642%0.0802%0.1078%0.1101%0.1223%0.1565%


 Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4280%0.4134%0.3909%0.4132%0.4706%0.5275%


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$271,910 372,280 468,171 559,785 647,311 730,933


--General Government0 0 0 0 0 0


Total*$271,910 372,280 468,171 559,785 647,311 730,933


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




Revenue Bond Debt $412,000 0 0 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes2,0322,6452,6122,5952,5912,590









1.5AFISCAL Governmental Activities Assets
817,551593,658508,191455,239400,015
1.5BSUMMARYGovernmental Activities Liabilities
135,195114,373181,85044,55152,245
3.5A
Business Type Activities Assets
6,925,5646,622,2487,180,1327,001,4336,623,005
3.5B
Business Type Activities Liabilties
2,949,0172,819,9802,735,0712,689,8242,906,564
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy
304,695277,667214,264246,252261,834
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections
27,25117,44612,88317,88238,367
13.0
Penalties and Interest
4,5233,6171,2841,0275,722
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax
1,7801,208


16.0
1% Local Government Option Sales Tax
126,965124,290128,915127,876135,776
17.0
1/2% Local Government Option Sales Tax (40)
52,63257,71362,41960,80651,501
18.0
1/2% Local Government Option Sales Tax (42)
54,41557,14861,86760,30251,121
18.5
1/2% Local Government Option Sales Tax (44)
10,96737,59155,48653,59348,446
19.0
Privilege Licenses
7,642



19.2
Privilege -- All other privileges and pemits

2,8652,8062,0071,745
20.0
Auto Licenses




2,523
21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses
2,387



23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government


5,338

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.

15,000


35.0
Econ. & Phys. Dev. - All Other
42,637



36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional Hold Harmless





42.0
Wireless Enhanced 911 Service Charges





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





42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax
97,178114,15872,84930,18352,191
45.0
Beer and Wine Tax
3,72511,65411,93511,70411,095
46.0
Powell Bill
67,22775,84085,04176,45076,356
50.0
Court Fees - Facilities and Arrest Fees
1,4188306385931,163
51.0
General Government





52.0
Public Safety
103,088



53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection





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





57.0
Econ. & Phys. Dev. - All Other





58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation





61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development




230,648
68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits





72.0& FEESInspection Fees
3,3408007522,7962,963
72.1
Amusements licensing and permit taxes





73.0
Other Permits

1,6092,282

74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste
278,899178,953176,743160,54746,623
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues





82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services


131,83427,07018,267
86.0UTILITYWater and Sewer Charges
1,353,2431,150,7331,098,5891,289,4841,004,676
87.0REVENUESElectric Charges
2,267,0532,213,8391,785,9721,744,1422,017,770
88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds
2,91826,62826,28917,0036,964
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets
17,694



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
6,0863,246
3,2476,007
98.0
Other Miscellaneous Revenues
5,1926,5256,1941887,523
99.0
Proceeds of Sale of Bonds and Notes


104,434

100.0
Proceeds of Capital Leases/Install Purchases
110,52826,700


101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior 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





109APART 4Governing Body - Salaries & Wages





109BGENERALGoverning Body - Other Direct
65,76552,43931,60054,64654,541
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages
50,67125,736118,830113,20027,953
110B
Administration - Other Direct
47,81168,741110,40327,25621,432
110C
Administration - Construction





110D
Administration - Purchase of P,P&E

28,272124,772

111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages





112B
Finance - Other Direct





112C
Finance - Construction





112D
Finance - Purchase of P,P&E





113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages





114B
Legal - Other Direct





114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct





115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E





116A
Court Facilities - Salaries & Wages





116B
Court Facilities - Other Direct





116C
Court Facilities - Construction





116D
Court Facilities - Purchase of P,P&E





117A
Central Services - Salaries & Wages





117B
Central Services - Other Direct





117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E





118A
Gen. Govt. All Other - Salaries & Wages





118B
Gen. Govt. All Other - Other Direct





118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages
432,903373,464334,257216,076347,119
119BSAFETYPolice & Comm - Traffic Control - Other Direct
105,467112,88178,22462,10176,794
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E
37,037



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
54,00070,00055,00030,00050,369
122C
Fire - Construction





122D
Fire - Purchase of P,P&E





123A
Inspectors - Salaries & Wages





123B
Inspectors - Other Direct





123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct





124C
Rescue Units - Construction





124D
Rescue Units - Purchase of P,P&E





125A
Animal Control - Salaries & Wages





125B
Animal Control - Other Direct





125C
Animal Control - Construction





125D
Animal Control - Purchase of P,P&E





126A
Pub. Safety All Other - Salaries & Wages





126B
Pub. Safety All Other - Other Direct





126C
Pub. Safety All Other - Construction





126D
Pub. Safety All Other - Purchase of P,P&E





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





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





128A
Streets and Highways - Salaries & Wages
65,44583,033188,604113,034159,323
128B
Streets and Highways - Other Direct
212,246247,281237,530183,272437,726
128C
Streets and Highways - Construction





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





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
7,76363,47278,62263,36076,356
130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E





131A
Parking Facilities - Salaries & Wages





131B
Parking Facilities - Other Direct





131C
Parking Facilities - Construction





131D
Parking Facilities - Purchase of P,P&E





132A
Mass Transit - City - Salaries & Wages





132B
Mass Transit - City - Other Direct





132C
Mass Transit - City - Construction





132D
Mass Transit - City - Purchase of P,P&E





133B
Mass Transit - Private - Other Direct





134A
Airport - Salaries & Wages





134B
Airport - Other Direct





134C
Airport - Construction





134D
Airport - Purchase of P,P&E





135A
Transpor. All Other - Salaries & Wages





135B
Transpor. All Other - Other Direct





135C
Transpor. All Other - Construction





135D
Transpor. All Other - Purchase of P,P&E





136AENVIRONSolid Waste - Salaries & Wages





136BMENTALSolid Waste - Other Direct





136CPROTECTIONSolid Waste - Construction





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





137A
Drainage & Watershed - Salaries & Wages





137B
Drainage & Watershed - Other Direct





137C
Drainage & Watershed - Construction





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





138A
Cemeteries - Salaries & Wages





138B
Cemeteries - Other 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





140AECONOMICPlanning & Zoning - Salaries & Wages





140B& PHYSICALPlanning & Zoning - Other Direct





140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct





141C
Economic Development - Construction





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





142A
Community Development - Salaries & Wages





142B
Community Development - Other Direct





142C
Community Development - Construction





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





143A
Housing & Urban Renewal - Salaries & Wages





143B
Housing & Urban Renewal - Other Direct





143C
Housing & Urban Renewal - Construction





143D
Housing & Urban Renewal - Purchase of P,P&E





144A
Special Empl Programs - Salaries & Wages





144B
Special Empl Programs - Other Direct





144C
Special Empl Programs - Construction





144D
Special Empl Programs - Purchase of P,P&E





145A
Econ. Dev. All Other - Salaries & Wages





145B
Econ. Dev. All Other - Other Direct





145C
Econ. Dev. All Other - Construction





145D
Econ. Dev. All Other - Purchase of P,P&E





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - Other Direct





146C
Health - Construction





146D
Health - Purchase of P,P&E





147A
Mental Health - Salaries & Wages





147B
Mental Health - Other Direct





147C
Mental Health - Construction





147D
Mental Health - Purchase of P,P&E





148A
Social Services - Salaries & Wages





148B
Social Services - Other Direct





148C
Social Services - Construction





148D
Social Services - Purchase of P,P&E





149B
Hospital-City - Other Direct





150B
Hospital-Private - Other Direct





151A
Legal Aid - Salaries & Wages





151B
Legal Aid - Other Direct





151C
Legal Aid - Construction





151D
Legal Aid - Purchase of P,P&E





152A
Human Serv. All Other - Salaries & Wages





152B
Human Serv. All Other - Other Direct





152C
Human Serv. All Other - Construction





152D
Human Serv. All Other - Purchase of P,P&E





153ACULTURE Recreation & Parks - Salaries & Wages





153BRECREATIONRecreation & Parks - Other Direct
7,5306,86927,32223,385
153C
Recreation & Parks - Construction





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





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




10,055
157C
Cult. & Recr. All Other - Construction





157D
Cult. & Recr. All Other - Purchase of P,P&E





158AUTILITYWater & Sewer - Salaries & Wages
226,652227,150140,93167,931160,346
158B
Water & Sewer - Other Direct
862,202805,383693,402772,289820,158
158C
Water & Sewer - Construction





158D
Water & Sewer - Purchase of P,P&E

60,000

231,637
159A
Electric Power - Salaries & Wages
305,264330,285144,525113,449225,270
159B
Electric Power - Other Direct
1,720,9592,003,4081,279,9771,094,4471,218,366
159C
Electric Power - Construction



3,680
159D
Electric Power - Purchase of P,P&E
158,69726,70010,853

160A
Natural Gas - Salaries & Wages





160B
Natural Gas - Other Direct





160C
Natural Gas - Construction





160D
Natural Gas - Purchase of P,P&E





161.1A
Storm Water - Salaries & Wages





161.1B
Storm Water - Other Direct





161.1C
Storm Water - Construction





161.1D
Storm Water - Purchase of P,P&E





161BDEBTWater & Sewer - Interest & Fees

78,51080,29581,988118,587
161DSERVICEWater & Sewer - Principal
118,67540,00039,00037,000
162B
Electric - Interest & Fees

24,52428,21932,124138,896
162D
Electric - Principal
119,02492,65687,52783,622
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

3,8211,4002,05015,110
166D
All Other - Principal
17,42228,71216,07113,061
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement
15,85716,92915,2259,65112,572
172B
Fringe Benefits Other





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





173BEXPENDMulti-Cnty Libr Dis,Cnty,Or Other - Item #





173C
Multi-Cnty Libr Dis,Cnty,Or Other - Amount





174A
Gen Gov Activities Shared W/ Cnty - Recipient





174B
Gen Gov Activities Shared W/ Cnty - Item #





174C
Gen Gov Activities Shared W/ Cnty - Amount





175A
Highways (Payments to State) - Recipient





175B
Highways (Payments to State) - Item No.





175C
Highways (Payments to State) - Amount





176A
Other - Intergovt. Expenditures - Recipient





176B
Other - Intergovt. Expenditures - Item #





176C
Other - Intergovt. Expenditures - Amount





177A
Other - Intergovt. Expenditures - Recipient





177B
Other - Intergovt. Expenditures - Item #





177C
Other - Intergovt. Expenditures - Amount





178A
Other - Intergovt. Expenditures - Recipient





178B
Other - Intergovt. Expenditures - Item #





178C
Other - Intergovt. Expenditures - Amount





179.0
Current year's levy -- Excluding motor vehicles.278,102.00249,731.00229,326.00318,444.00190,519.00
180.0
Current year's levy -- Motor vehicles (only).57,665.0060,578.0047,589.0046,330.0071,315.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh.8,950.0012,666.0013,632.0016,897.0030,367.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles
22,12219,97614,37116,74727,011
183.0DATAPercentage of Taxes Collected - All Property %0.0090.7589.4889.8990.7878.09
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%0.0096.7894.9394.0694.6984.06
185.0
Percentage of Taxes Collected - Motor Vehicles %0.0061.6467.0269.8063.8562.12
186.0
Ttl Amt Salaries/Wages for Construction





187A
Capital Reserve Schools - July 1, 2009





187B
Capital Reserve Schools - June 30, 2010





188A
Capital Reserve Hospitals - July 1, 2009





188B
Capital Reserve Hospitals - June 30, 2010





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





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





189CINVESTCash On Hand & in Bank - All Other
1,030,852594,2481,008,698748,259209,231
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures Made During FY - B(1) - B(7)





191.0
Investment in Property - B(1) - B(4)





192.0
Amount Expended During FY - B(5) and B(7)





193.0
Amount of Tax Revenues Taken Into Account





194APART 9Amount - Total Revenues
4,953,4834,824,6614,396,7444,120,2914,079,281
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In

418,601347,930187,139
194D
Amount - Net Revenues
4,953,4834,406,0604,048,8143,933,1524,079,281


Calculated amount
4,953,4834,406,0604,048,8143,933,1524,079,281


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures
4,631,3905,288,8674,270,5193,384,7614,202,610
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out

418,601347,930187,139
195D
Amount - Net Expenditures
4,631,3904,870,2663,922,5893,197,6224,202,610


Calculated amount
4,631,3904,870,2663,922,5893,197,6224,202,610


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer



1,187
402ASewer Amount processed and/or purchased in units Water
52,052,4148,483,00065,80977,294
402BOperationsAmount processed and/or purchased in units Sewer
48,740,50312,593,70089,224125,138
403A
Total amount billed in units - Water

7,485,81363,45285,431
403B
Total amount billed in units - Sewer

7,123,46889,02195,340
404A
Of the total in 403A above how many units were Residential W





404B
Of the total in 403B above how many units were Residential S



10,468
405A
Of the total in 403 above, how many units were Outside Muni W



19,420
405B
Of the total in 403 above, how many units were Outside Muni S





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





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
638,608168,021168,021478,045
408A
Dollars related to 403A above
661,767383,703383,703533,608
408B
Dollars related to 403B above

501,800501,800

409A
Dollars related to 404A above

582,390582,390

409B
Dollars related to 404B above



116,471
410A
Dollars related to 405A above



102,815
410B
Dollars related to 405B above





411A
Dollars related to 406A above





411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above
9991,0141,047

421A
Number of residential accounts billed - Water
914930965

421B
Number of residential accounts billed - Sewer
180180180

422A
Number of non-residential & bulk accounts billed - Water
186184184

422B
Number of non-residential & bulk accounts billed - Sewer
22222
423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialLENESSA E HAWKINS

951.0
TitleFINANCE OFFICER

952.0
Date





953.0
ContactLENESSA E HAWKINS

954.0
TitleFINANCE OFFICER

955.0
Phone252 446 9441




956.0
Fax252 977 7488




957.0
E-Mail:

















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Key Ratios and Operations Statistics of Water and Sewer Systems for


Town of Sharpsburg













201120102009200820072006








Population
2,0322,6452,6122,5952,5912,590
Population Group
Electric 2,499 and Below 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
$000000
Total Operating Revenues Per Capita
$000000
Group Weighted Average Revenues Per Capita34311281272266255
State Weighted Average Revenues Per Capita7272252255255249








% to Total Operating Revenues






Operating Expenses
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
140.54%95.36%95.68%88.70%91.65%96.26%
State Weighted Average
91.62%83.21%87.12%84.06%80.00%79.32%








Operating Margin
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
-40.54%4.64%4.32%11.30%8.35%3.74%
State Weighted Average
8.38%16.79%12.88%15.94%20.00%20.68%








Operating Transfers In
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
37.24%1.17%0.35%0.62%0.78%0.89%
State Weighted Average
27.09%1.59%1.20%1.28%1.10%1.57%








Operating Transfers Out
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
13.89%3.87%8.55%13.76%7.81%11.54%
State Weighted Average
52.67%1.55%2.65%3.15%1.86%2.84%








Net Income before capital contributions
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
-307.67%8.08%-1.99%9.40%10.26%13.89%
State Weighted Average
643.66%15.82%-9.92%18.20%25.61%24.40%








Key Ratios and Cash Flow














Quick Ratio
N/A4.240.610.830.720.28
Group Weighted Average
3.782.732.942.502.582.11
State Weighted Average
4.023.212.822.962.912.83








Days Sales in Receivables
8.0N/AN/AN/AN/AN/A
Group Weighted Average
3.843.140.346.046.944.9
State Weighted Average
1.257.958.556.761.659.8








Days Cash on Hand
0.00.00.00.00.00.0
Group Weighted Average
-164.5292.3263.0272.9277.0229.9
State Weighted Average
-16.4614.6560.8588.9647.0571.9








Cash flow from Operations
$0245,55656,261322,457310,759-57,653








Debt to Equity
0.000.000.000.000.000.00
Group Weighted Average
0.070.180.140.140.110.12
State Weighted Average
0.220.590.540.540.550.55








Debt per Capita
000000
Group Weighted Average
8374248220171179
State Weighted Average
8897783781761733








Capital Expenditures:
201120102009200820072006


$000000










2005200420032002



$0434,225335,4711,572,246









Capital Contributions: Excluded from income above
$000000
















Operating Statistics














Estimated population of the areas served Water00001,253NA
Estimated population of the areas served Sewer00001,187NA








Number of Gallons of Water Processed (000) omitted052,052,4148,483,00065,80977,294NA
Number of Gallons of Sewage Processed (000) omitted048,740,50312,593,70089,224125,138NA








Number of Gallons of Water Billed (000) omitted007,485,81363,45285,431NA
Number of Gallons of Sewage Billed (000) omitted007,123,46889,02195,340NA








Ratio of Water Billed to Water Processed
0.000000.882450.964181.10527NA
Ratio of Sewage Billed to Sewage Processed
0.000000.565640.997720.76188NA








Total Revenue from Water Sales00000NA
Total Revenue from Sewage Sales0661,767383,703383,703533,608NA








Water Revenue per 1000 gallons of Sales




0.00000NA
Sewage Revenue per 1000 gallons of Sales




449.54339NA








Group Average Sales per thousand Gallons Water$0.00011$63.97030$5.52170$26,467.24286$36.77508NA
Group Average Sales per thousand Gallons Sewage$0.00012$82.09833$7.00803$36,055.06238$90.14879NA








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








Residential Water Sales per thousand Gallons$0.00000



NA
Residential Sewage Sales per thousand Gallons$0.00000



NA








Water Sales per thousand Gallons outside Municipal Limits$0.00000


11.12639NA
Sewage Sales per thousand Gallons outside Municipal Limits$0.00000


5.29428NA








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



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Key Ratios of Electric Systems for The



Town of Sharpsburg













201120102009200820072006








Population
2,0322,6452,6122,5952,5912,590
Power Agency Group
Other Units with Electric Systems
Total Operating Revenues
$000000
Group Weighted Average
18,274,11315,221,82114,439,50514,133,04613,370,56812,952,606








% to Total Operating Revenues






Power Purchases
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average
0.7%61.6%68.8%64.3%62.9%61.7%








Other Operating Expenses
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average
79.3%21.6%18.8%18.5%18.4%22.5%








Operating Margin
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average
20.0%16.9%12.5%17.2%18.7%15.8%








Operating Transfers In
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average
0.0%0.0%0.0%0.5%0.1%0.0%








Operating Transfers Out
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average Out
5.3%6.1%5.4%6.2%6.3%7.9%








Net Income
0.0%0.0%0.0%0.0%0.0%0.0%
Group Weighted Average
14.3%11.0%7.1%12.2%12.3%6.6%








Key Ratios and Cash Flow














Quick Ratio
N/A1.12.04.85.83.7
Group Weighted Average
5.24.74.12.91.30.8








Coverage Ratio
0.000.000.000.000.000.00
Group Weighted Average
29.341.161.111.000.881.00








Days Sales in Receivables
0.00.00.00.00.00.0
Group Weighted Average
4540.553.747.742.543.943.9








Days Cash on Hand
0.00.00.00.00.00.0
Group Weighted Average
169.1154.2121.3114.1108.991.1








Cash flow from Operations
$0245,55685,677524,958481,898485,724








Capital Expenditures:
$0060,00000231,637


















201120102009200820072006
Capital Contributions: Excluded from Income Above
$000000








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


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










200520042003200220012000


1.11%2.52%1.94%0.48%1.97%1.57%








Gross Electric Fund Assets as Cost
$000000
Estimated Tax Loss from Municipal Ownership of Utility
$0$00000
Tax Rate Equivalent
0.00000.00000.00000.00000.00000.0000








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
0.00000.00000.00000.00000.00000.0000








Tax Rate Adjusted for Assessed to Sales Ratio
0.48370.49290.36860.37250.48460.4099








Tax Rate Adjusted Excluding Transfers
0.48370.49290.36860.37250.48460.4099








Weighted Average Group Rate Adjusted
0.31830.35840.34250.33230.36330.3719








Weighted Average Non Electric Adjusted Rate
0.28000.26240.24860.24270.26020.2921



Financial Graphs and Comparisons


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Analysis of Available Fund Balance: General Fund

20072008200920102011
Unit's FBA %-6.24%-7.83%4.81%19.61%0.00%
Group average FBA %37.68%39.94%41.37%47.34%#DIV/0!
State average Electric/Non Electric Group FBA %33.92%35.35%34.33%33.60%67.13%
State average FBA %36.54%36.35%37.68%37.47%29.01%






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

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Analysis of Property Tax

20062007200820092010
Municipality78.09%90.78%89.89%89.48%90.75%
Pop. Group95.42%96.00%95.89%95.82%96.18%
Statewide97.55%97.58%97.56%97.34%97.36%






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






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Analysis of General Obligation Debt

20072008200920102011
Municipality720704684660837
Pop. Group149152158107236
Statewide478456455449450






Municipal Population Group: 2,500 to 4,999






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Analysis of Revenue

20062007200820092010
Property Tax$11810288114127
Utility1,1741,1811,1621,2881,369
Sales Tax11111711810793
Sales & Services18626969105
Intergovernmental143466883119
Debt Proceeds304322
Other Miscellaneous810122357
Total$1,5751,5181,5601,6861,872

Go to top of page
Analysis of Revenue for Fiscal 2011











2010
2010
CategoryRevenue
Per Capita
Property Tax$336,469
$127
Water/Sewer0
0
Electric1,353,243
512
Other Utilities2,267,053
857
Sales Tax244,979
93
Sales & Services278,899
105
Intergovernment315,273
119
Debt Proceeds5,192
2
Miscellaneous150,595
57
Total$4,951,703
$1,872





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





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Analysis of Expenditures by Function for Fiscal 2011











2010
2010
CategoryExpenditures
Per Capita
General Government$164,247
$62
Water/Sewer0
0
Electric1,088,854
412
Other Utilities2,184,920
826
Debt Service255,121
96
Transportation285,454
108
Public Safety645,264
244
Other7,530
3
Total$4,631,390
$1,751





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





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Analysis of Expenditures by Object for Fiscal 2011






2010
2010
CategoryExpenditures
Per Capita
Salaries & Wages$1,080,935
$409
Water/Sewer Capital0
0
Electric Capital0
0
Capital Outlay195,734
74
Other Operating3,354,721
1,268
Total$4,631,390
$1,751





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





Last Updated 2/7/2012 2:41:15 PM