North Carolina
Department of State Treasurer
Financial Information
Town of Smithfield

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 Go to top of page			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$5,209,674	5,125,352	5,140,971	4,799,069	4,667,937	4,402,584
		Utility	23,686,894	21,818,372	22,094,403	21,390,603	19,409,335	19,105,109
		Sales Tax	1,779,259	2,094,249	2,180,826	1,949,765	1,864,019	1,799,996
		Sales & Services	2,897,142	2,285,686	2,033,594	1,889,408	1,468,000	2,099,664
		Intergovernmental	2,560,598	1,268,901	1,316,628	1,929,046	1,128,307	1,062,673
		Debt Proceeds	366,248	8,400,000	1,525,000	718,564	650,000	380,000
		Other Miscellaneous	2,961,714	1,562,984	1,693,736	967,594	748,623	637,249
		Total	$39,461,529	42,555,544	35,985,158	33,644,049	29,936,221	29,487,275

	Expenditures by Function
		Utility	$24,172,469	21,158,482	23,247,255	21,199,206	19,642,121	18,895,557
		Debt Service	2,592,753	1,254,850	1,259,951	1,478,324	1,426,065	1,352,420
		Transportation	681,460	720,826	1,458,855	1,138,717	832,895	1,358,246
		General Government	3,077,583	1,634,454	1,425,021	1,386,040	1,385,849	2,028,324
		Public Safety	6,479,439	6,248,855	5,880,225	4,723,887	4,286,153	4,265,240
		Other	2,605,518	2,497,212	2,675,429	3,024,949	2,152,174	1,817,400
		Total	$39,609,222	33,514,679	35,946,736	32,951,123	29,725,257	29,717,187

	Expenditures by Object
		Salaries & Wages	$7,690,993	9,427,249	8,505,421	8,220,567	8,028,452	8,037,122
		Capital Outlay	-	839,778	3,501,167	2,694,604	1,679,587	1,868,139
		Other Operating + Debt Service	31,918,229	23,247,652	23,940,148	22,035,952	20,017,218	19,811,926
		Total	$39,609,222	33,514,679	35,946,736	32,951,123	29,725,257	29,717,187


	Per Capita Revenues by Source
		Property Tax	$398	400	413	394	392	380
		Utility	1,810	1,702	1,774	1,757	1,632	1,647
		Sales Tax	136	163	175	162	157	154
		Sales & Services	221	178	163	155	123	181
		Intergovernmental	196	99	106	158	95	92
		Debt Proceeds	28	655	122	59	55	33
		Other Miscellaneous	226	122	136	79	63	55
		Total	$3,015	3,319	2,889	2,764	2,517	2,542

	Per Capita Expenditures by Function
		Utility	$1,847	1,650	1,866	1,742	1,652	1,629
		Debt Service	198	98	101	121	120	117
		Transportation	52	56	117	94	70	117
		General Government	235	128	115	113	116	174
		Public Safety	495	487	472	388	360	368
		Other	199	195	215	249	181	157
		Total	$3,026	2,614	2,886	2,707	2,499	2,562

	Per Capita Expenditures by Object
		Salaries & Wages	$588	735	683	675	675	693
		Capital Outlay	-	66	281	221	141	161
		Other Operating	2,438	1,813	1,922	1,811	1,683	1,708
		Total	$3,026	2,614	2,886	2,707	2,499	2,562

	Population Group		Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999
		Number of Municipalites in Group	22	22	22	22	22	22
		Average Population In Group	20,622	22,003	21,233	20,452	19,944	19,612
		Town of Smithfield Population	13,088	12,821	12,456	12,172	11,893	11,601
	Group Average Per Capita Revenues by Source
		Property Tax	401	365	353	344	334	321
		Utility	1,742	1,897	1,836	1,894	1,821	1,793
		Sales Tax	143	155	155	150	146	137
		Sales & Services	111	110	104	97	90	88
		Intergovernmental	193	172	183	211	242	181
		Debt Proceeds	317	276	201	125	105	123
		Other Miscellaneous	127	150	178	155	142	117
		Total	3,034	3,125	3,010	2,976	2,880	2,760

	Group Average Per Capita Expenditures by Function
		Utility	1,815	1,907	1,817	1,915	1,864	1,781
		Debt Service	166	147	136	192	151	143
		Transportation	121	120	116	119	123	122
		General Government	185	158	134	135	131	117
		Public Safety	412	393	374	363	348	334
		Other	339	356	290	269	278	272
		Total	3,038	3,081	2,867	2,993	2,895	2,769

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	628	623	586	561	551	531
		Capital Outlay	441	429	329	352	387	314
		Other Operating	1,969	2,029	1,952	2,080	1,957	1,924
		Total	3,038	3,081	2,867	2,993	2,895	2,769


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$12,384,686	11,905,415	11,302,619	10,465,369	9,585,016	9,809,151
	General Fund expenditures		12,751,560	11,655,411	11,124,152	10,762,600	9,664,949	10,589,722
	Operating transfers in		157,700	210,000	172,600	100,000	100,000	75,000
	Operating transfers out		485,451	130,000	82,695	100,000	-	300,000
	Capital leases and installment purchase proceeds		366,248	400,000	450,000	718,564	-	-
	Other items		-	-	325,000	-	-	380,000
	Excess of revenues and other sources over (under) expenditures and other uses		(328,377)	730,004	1,043,372	421,333	20,067	(625,571)

	Fund balance available (FBA):
		In dollars	$2,658,596	3,000,928	2,354,925	1,244,472	968,627	1,026,193
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	20.66	26.36	21.89	12.27	10.02	9.42
		Group weighted average FBA %	39.96	38.75	37.01	40.17	41.78	41.23
		State weighted average Electric Group	34.57	35.41	33.99	35.62	36.67	36.12
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


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

	Combined financial results:
		Working capital	$8,220,282	6,215,757	7,107,314	8,032,415	7,753,055	11,524,885
		Quick ratio	3.43	2.83	3.55	4.33	4.78	4.70
		Net income	(666,736)	18,214	583,390	957,228	473,145	804,631
		Cashflow from operations	(8,563)	1,598,547	686,164	1,373,105	898,914	838,816
		Depreciation & Amortization Expense	692,220	707,763	713,352	569,722	548,295	605,542



Cash, Investments and Financing Go to top of page			2009	2008	2007	2006	2005	2004

		Population at July 1st of the Previous Year	13,088	12,821	12,456	12,172	11,893	11,601
		Population Group	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999	Electric 10,000 to 49,999
		Cash &Investments	$9,658,470	10,056,957	8,174,920	7,602,695	7,463,123	7,328,014
		Investment Earnings	384,683	519,878	473,564	333,030	145,004	97,666
		Tax Rate Equivalent	0.0423	0.0583	0.0549	0.0399	0.0179	0.0120
		Tax Rate Equivalent Group weighted average	0.0304	0.0707	0.0793	0.0520	0.0389	0.0164
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$908,498,589	891,213,430	862,979,555	835,572,787	810,401,429	814,479,214
		Tax Rate	0.5700	0.5700	0.5700	0.5700	0.5700	0.6300
		Tax Rate Group weighted average	0.4411	0.4498	0.4454	0.4425	0.4388	0.4540
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	85.55	89.26	91.71	97.04	96.15	98.37
		Assessment -to-Sales Ratio Group weighted average	88.67	87.55	90.13	92.19	94.05	93.71
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$1,061,950,425	998,446,594	940,987,411	861,060,168	842,851,200	827,975,210
		EffectiveTax Rate	0.4876	0.5088	0.5227	0.5531	0.5481	0.6197
		Group weighted average Effective Tax Rate	0.3911	0.3938	0.4015	0.4080	0.4127	0.4254
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	98.93	98.81	98.72	98.76	98.62	96.12
		Percent Collected Group weighted average	96.95	96.79	96.51	96.74	97.03	96.47
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	99.69	99.65	99.60	99.60	99.45	96.85
		Percent Collected Excluding Motor Vehicles Group weighted average	97.57	98.03	97.73	98.00	98.16	97.83
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.31	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	90.01	89.71	88.98	89.70	89.71	89.45
		Percent Collected Motor Vehicles Only Group weighted average	84.72	83.94	84.21	85.28	86.42	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	41,173	60,465	64,191	59,252	63,766	180,922
		Tax Rate Equivalent	0.0045	0.0068	0.0074	0.0071	0.0079	0.0222
		Dominant County: Johnston
	Debt Information
		Population Group	10,000 to 24,999	10,000 to 24,999	10,000 to 24,999	10,000 to 24,999	10,000 to 24,999	10,000 to 24,999
		Ratings:
		Fitch
		Moody's	A3	A3	A3	A3	A3	A3
		S & P	A	A	A	A	A	A-

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$1,575,000	1,750,000	1,925,000	2,100,000	2,275,000	2,450,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	1,575,000	1,750,000	1,925,000	2,100,000	2,275,000	2,450,000
		Per Capita	$120	136	155	173	191	211
		Total Per Capita for the Population Group	130	153	166	163	190	219
		Total Per Capita Statewide	455	456	478	495	505	548
		Total per Assessed Valuation Adjusted for Current Year Sales	0.1483%	0.1753%	0.2046%	0.2439%	0.2699%	0.2959%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1320%	0.1585%	0.1868%	0.1912%	0.2303%	0.2755%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	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	$390,000	455,000	520,000	585,000	650,000	0
		--General Government	9,112,500	9,300,000	1,562,500	1,397,376	1,816,646	2,230,569
		Total*	$9,502,500	9,755,000	2,082,500	1,982,376	2,466,646	2,230,569
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$5,321,024	5,546,911	605,411	663,911	722,411	780,911


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		13,088	12,821	12,456	12,172	11,893	11,601

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	43,615,696	45,428,856	36,720,993	35,658,585	35,457,872	37,114,888
1.5B	FISCAL	Governmental Activities Liabilities	14,373,589	15,041,730	6,480,862	5,580,574	5,554,691	6,685,888
3.5A	SUMMARY	Business Type Activities Assets	28,010,454	28,582,813	23,510,507	22,847,808	21,777,404	20,569,823
3.5B		Business Type Activities Liabilties	8,563,192	8,468,815	3,414,723	3,335,413	3,222,237	2,487,801
6.5A		Fiduciary Funds Assets	319,747	314,540	312,643	296,002	281,402	269,529
6.5B		Fiduciary Funds Liabilties	217,500	217,300	216,564	205,534	192,801
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
10	PART 2	Current collections of unit-wide levy	5,154,255	5,032,322	4,951,049	4,711,170	4,547,737	4,344,997
11	TAX	Current collection of special tax districts	80,279	215,961	212,750	177,850	176,809	164,519
12	REVENUES	Prior years' levy collections	55,419	59,407	148,864	64,969	100,952	39,360
13		Penalties and interest		33,623	41,058	22,930	19,248	18,227
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax	3,859
16		1% Local government sales and use tax	661,099	759,853	822,964	745,184	776,986	896,877
17		1/2% Local government sales and use taxes (Article 40)	437,956	477,978	480,887	423,400	374,872	321,253
18		1/2% Local government sales and use taxes (Article 42)	434,423	474,403	476,928	420,441	371,993	318,323
18.5		1/2% Local government sales and use taxes (Article 44)	245,781	382,015	400,047	360,740	340,168	263,543
19		Licenses Privilege						20,801
19.1		Privilege - Occupational & business licensing & permit taxes	27,415	35,922	19,566	21,203	19,632
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax	370,099
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV
23		Local occupancy tax	118,360	120,837	83,014	43,189	31,144	27,651
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases	10,987	13,860	13,368	13,404	12,412	17,343
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property	8,908	2,791	1,105	332	22,505	26,772
29	REVENUES	General government
30		Public safety				20,869
31		Transportation - Streets			95,564	130,474	19,862
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax	9,085	11,216	11,861	6,942
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues	89,651
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	985,718	715,122	730,763	673,467	606,415	593,314
45		Beer and Wine tax	57,578	57,377	55,002	52,531	51,349	49,140
46		Powell Bill	387,737	426,052	376,390	384,014	380,514	341,376
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees	2,625					6,070
51		General Government
52		Public safety						23,993
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection			15,590	610,206		887
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation			2,500
61	LOCAL	LOCAL Payment in lieu of taxes	29,296	30,227	27,853	25,211	22,662	21,121
62	INTERGOV	General government	990,000	26,116
63	REVENUES	Public safety
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation				25,000	25,000
71	PERMITS	Building permits
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	26,929	37,813	28,407	28,860	35,495	33,055
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties			35,382	31,931
76		Airport
77		Fire protection charges					21,434
78		Solid waste	1,020,543	929,390	928,431	915,461	623,615	557,112
79		Ambulance and rescue squad charges	1,417,316	1,138,703	908,452	792,971	680,104	567,187
80		Cemeteries	34,700	60,100	66,830	60,000	78,040	87,895
81		Recreation service revenues	120,775	77,520	90,621	80,406	64,807	87,470
82		Library service revenues
83		Other cultural and recreational service revenues	200,266
84		Mass transit - city operated
85		Other sales and services	103,542	79,973	3,878	8,639		800,000
86	UTILITY	Water and sewer charges	4,683,737	4,618,181	4,475,365	4,498,493	4,070,012	3,977,161
87	REVENUES	Electric charges	19,003,157	17,200,191	17,619,038	16,892,110	15,339,323	15,127,948
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	384,683	519,878	473,564	333,030	145,004	97,666
91		Special assessments	7,082	5,122	16,292	4,966	17,731	11,377
92		Private contribution and donations			212		25,450
93		Sales of materials and fixed assets	45,692			15,700
94		Sales of real property			450,000	33,503
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution	68,405	60,358	42,067	38,409	36,075	33,283
98		Other miscellaneous revenues	721,783	553,233	354,496	257,480
99		Proceeds of the sale of bonds and notes					650,000
100		Proceeds of capital leases and installment purchases	366,248	8,400,000	1,525,000	718,564		380,000
101		Other	1,100,000				248,871	231,554
102	NON-REV	Supplemental schools taxes - current levy collections
103	RECEIPTS	Prior years' levy collections
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits	73,520	71,900	66,403			53,849
106		Deposits other than utility
107		Prepaid taxes	44,956	49,946	-1,853
108		Prepaid privilege licenses	21,794	29,695	15,015
109A	PART 4	Governing body - Salaries	22,315	22,282	22,496	22,204	21,746	21,846
109B	GENERAL	Governing body - All other Direct
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	211,914	125,662	162,326	149,393	144,402	311,702
110B		Administration - All other Direct	1,907,213	883,994	692,399	659,860	609,659	805,320
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures						10,350
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries	286,529	77,622	87,174	128,414	135,158	430,885
112B		Finance - All other Direct	109,932	31,003	19,011	25,333	20,428	38,684
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
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	216,951	320,406	273,170	237,041	257,085
115B		Public Buildings - All other Direct	322,729	142,886	147,989	155,476	165,744
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures		30,599	20,456	8,319	31,627
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries						230,773
117B		Central Facilities - All other Direct						158,099
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures						20,665
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	1,972,910	2,514,474	2,124,040	2,100,953	1,980,923	1,988,146
119B	SAFETY	Police and Communications - All other Direct	1,196,088	486,289	538,210	503,093	428,359	371,374
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures		191,707	173,920		42,325	168,367
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	905,364	1,148,518
121B		Emergency Management - All other Direct	752,567	280,434
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures		138,625
122A		Fire - Salaries	851,605	1,093,805	986,673	766,040	729,597	669,738
122B		Fire - All other Direct	636,004	209,439	178,674	199,924	139,115	154,095
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures		21,354	23,927	73,730	48,317	13,314
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries			993,228	628,531	607,914	601,055
124B		Rescue Units - All other Direct			236,467	194,638	162,944	162,317
124C		Rescue Units - Construction			483,661	14,000
124D		Rescue Units - Land, Equipment, and Existing Structures			6,208	125,017	33,209	21,346
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
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	182,809	306,084	164,876	181,817	212,843	625,143
128B		Streets and Highways - All other Direct	354,872	285,908	788,649	444,583	460,195	188,152
128C		Streets and Highways - Construction			359,982	155,432	59,813
128D		Streets and Highways - Land, Equipment and Existing Structures			22,000	220,318	12,259	380,837
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 Direct
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
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	78,474	53,703	82,635	73,901	70,345	140,286
135B		Transportation - All Other - All other Direct	65,305	41,807	40,713	31,692	17,440	23,828
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures		33,324		30,974
136A	ENVIRON	Solid Waste - Salaries	513,023	706,817	735,850	654,762	583,862	370,691
136B	MENTAL	Solid Waste - All other Direct	556,545	365,342	350,659	331,289	288,444	246,948
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures		127,634	129,562	112,018
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction			3,803	515,716	54,086
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
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
140A	ECONOMIC	Planning and Zoning - Salaries	265,434	322,053	272,537	251,386	241,395	225,483
140B	& PHYSICAL	Planning and Zoning - All other Direct	134,278	74,068	50,486	68,018	24,256	21,498
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures						6,760
141A		Economic Development - Salaries
141B		Economic Development - All other Direct
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 Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - 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
153A	CULTURE	Recreation and Parks - Salaries	495,453	589,117	565,475	516,754	517,236	454,407
153B	RECREATION	Recreation and Parks - All other Direct	640,785	266,972	370,077	246,598	222,666	278,160
153C		Recreation and Parks - Construction			49,359	136,026	220,229	137,868
153D		Recreation and Parks - Land, Equipment, and Existing Structures		45,209	147,621	192,382		75,585
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 - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	955,283	1,154,406	1,132,368	1,072,949	1,091,430	1,107,864
158B		Water and Sewer - All other Direct	4,538,070	2,874,466	3,269,471	2,765,054	2,595,854	2,564,324
158C		Water and Sewer - Construction				650,826	475,359	104,421
158D		Water and Sewer - Land, Equipment, and Existing Structures		23,745	38,762	40,075	52,370	29,284
159A		Electric Power - Salaries	732,929	992,300	902,573	1,436,422	1,434,516	859,103
159B		Electric Power - All other Direct	17,946,187	15,885,984	15,862,175	14,814,109	13,342,599	13,331,219
159C		Electric Power - Construction			2,031,814	419,771	648,730	808,866
159D		Electric Power - Land, Equipment, and Existing Structures		227,581	10,092		1,263	90,476
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
161B	DEBT	Water and Sewer - Debt Service Interest Payments	33,260	36,671	40,496	44,643	25,557	27,475
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	156,799	123,500	123,500	123,500	58,500	58,500
162B		Electric - Debt Service Interest Payments	371,710	176,105
162D		Electric - Debt Service Principal Payments	368,900
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 Payments	445,755	151,656	215,592	203,552	285,373	303,477
166D		All Other - Debt Service Principal Payments	1,216,329	766,918	880,363	1,106,629	1,056,635	962,968
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)	80,802	79,259	52,851	42,283	42,283	44,325
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)	84,099	84,951	82,366	75,678	71,167	71,163
172B		Fringe Benefits Other - (B)
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-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 6	Current Year Levy Excluding Motor Vehicles	4,798,948	4,664,075	4,601,798	4,366,249	4,215,478	4,201,799
180	OTHER	Current Year Levy Motor Vehicles Only	411,174	428,712	413,442	404,173	394,400	461,565
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	14,793	16,339	18,621	17,604	23,200	132,213
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	41,074	44,126	45,570	41,648	40,566	48,709
183		Percentage of Taxes Collected - Current Year All Property	98.93	98.81	98.72	98.76	98.62	96.12
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	99.69	99.65	99.60	99.60	99.45	96.85
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	90.01	89.71	88.98	89.70	89.71	89.45
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
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	9,658,470	10,056,957	8,174,920	7,602,695	7,463,123	7,328,014
190A	PART	Appropriations made during the fiscal year pursuant to subsections b (1- 7)
190B	8	Expenditures 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.
194A	PART 9	Amounts - Total Revenues and other financing sources per audit	40,108,539	43,380,544	36,740,453	33,844,049	30,506,048	30,994,275
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in	643,151	825,000	755,295	200,000	569,827	1,507,000
194D		Amounts - Net Revenues per AFIR	39,465,388	42,555,544	35,985,158	33,644,049	29,936,221	29,487,275
		Calculated amount	39,465,388	42,555,544	35,985,158	33,644,049	29,936,221	29,487,275
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	40,252,373	34,339,679	36,702,031	33,151,123	30,295,084	31,224,187
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out	643,151	825,000	755,295	200,000	569,827	1,507,000
195D		Amounts Net Expenditures per AFIR	39,609,222	33,514,679	35,946,736	32,951,123	29,725,257	29,717,187
		Calculated amount	39,609,222	33,514,679	35,946,736	32,951,123	29,725,257	29,717,187
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Justin S. Merritt
951		Title of Official	Finance Director
952		Date Certified	03/11/2010	12/28/2008	11/21/2007
953		Person to Contact	Justin S. Merritt
954		Title of Person to Contact	Finance Director
955		Telephone Number	919-934-2116
956		Facsimile Number	919-989-8937

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

	2009	2008	2007	2006	2005	2004

Population	13,088	12,821	12,456	12,172	11,893	11,601
Population Group	Electric 10,000 and Above	Electric 10,000 and Above	Electric 10,000 and Above	Electric 10,000 and Above	Electric 10,000 and Above	Electric 10,000 and Above
Total Operating Revenues	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	25	21	30	0	30	8
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	138.07%	139.55%	78.12%	#DIV/0!	82.05%	82.44%
State Weighted Average	287.00%	89.94%	84.21%	104.54%	119.75%	338.51%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	-38.07%	-39.55%	21.88%	#DIV/0!	17.95%	17.56%
State Weighted Average	-187.00%	10.06%	15.79%	-4.54%	-19.75%	-238.51%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	0.00%	-1.39%	-0.35%	#DIV/0!	0.00%	0.94%
State Weighted Average	0.00%	-0.70%	-0.66%	-1.84%	-2.09%	5.70%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	157.72%	321.69%	416.62%	#DIV/0!	297.41%	583.90%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	5.99	7.47	6.03	5.82	7.42	6.54
Group Weighted Average	3.31	3.28	3.43	3.14	2.98	2.83
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	144.7	34.2	26.5	#DIV/0!	50.4	17.6
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-31.7	-131.7	-160.2	-18.5	-161.2	-100.9
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	-$113,357	743,526	61,046	597,424	489,206	83,713

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	1.62	0.20	0.39	#DIV/0!	1.20	2.25
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	68	0	0	103	0	0
Group Weighted Average	312	91	271	435	574	142
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$0	23,745	38,762	690,901	527,729	133,705

	2003	2002	2001	2000
	$274,636	349,985	237,003	484,571

Capital Contributions: Excluded from income above	$0	0	0	0	0	0


Operating Statistics

Estimated population of the areas served Water	0	0	13,500	NA	NA	NA
Estimated population of the areas served Sewer	0	0	13,500	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	813,000	825,000	997,000	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	743,000	755,432	968,420	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	404,327	620,117	719,720	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	359,507	391,143	391,128	NA	NA	NA

Ratio of Water Billed to Water Processed	0.49733	0.75166	0.72189	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.48386	0.51777	0.40388	NA	NA	NA

Total Revenue from Water Sales	1,996,956	2,260,959	2,236,759	NA	NA	NA
Total Revenue from Sewage Sales	2,233,101	2,388,352	2,299,252	NA	NA	NA

Water Revenue per 1000 gallons of Sales			165.68585	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			170.31496	NA	NA	NA

Group Average Sales per thousand Gallons Water	$4.87157	$7.69779	$0.85985	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$6.14194	$9.61607	$1.04845	NA	NA	NA

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

Residential Water Sales per thousand Gallons	$5.17298	5.13169	4.78409	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$6.73166	7.33000	6.20694	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits			9.02454	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits			12.08321	NA	NA	NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	299,078.00000	NA	NA	NA
Total Sewage Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	NA	NA	NA

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

	2009	2008	2007	2006	2005	2004

Population	13,088	12,821	12,456	12,172	11,893	11,601
Power Agency Group	N.C. Easterrn Municipal Power Agency
Total Operating Revenues	$0	0	0	0	0	0
Group Weighted Average	0	1,422,796	0	0	121,301	0

% to Total Operating Revenues
Power Purchases	0.0%	0.0%	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%	0.0%	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%	0.0%	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%	0.0%	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%	0.0%	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	3.0	2.1	3.1	4.0	4.2	4.3
Group Weighted Average	2.6	2.6	2.6	2.9	3.2	3.5

Coverage Ratio	1.48	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	12.92	4.71	8.21	1.44	1.29	7.51

Days Sales in Receivables	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	N/A	3.5	N/A	N/A	N/A	14.9

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-304.7	-8598.6	322.6	-46.3	-4.9	-638.1

Cash flow from Operations	$104,794	855,021	625,118	775,681	409,708	755,103

Capital Expenditures:	$0	227,581	2,041,906	419,771	649,993	899,342


	2009	2008	2007	2006	2005	2004
Capital Contributions: Excluded from Income Above	$0	0	0	0	0	0

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

	2003	2002	2001	2000	1999
	#VALUE!	#VALUE!	#VALUE!	359.00%	0.00%

Gross Electric Fund Assets as Cost	$0	13,740,159	0	0	0	7,123,828
Estimated Tax Loss from Municipal Ownership of Utility	$0	$78,319	0	0	0	44,880
Tax Rate Equivalent	0.0000	0.0088	0.0000	0.0000	0.0000	0.0055

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	0.4876	0.5088	0.5227	0.5531	0.5481	0.6197

Tax Rate Adjusted Excluding Transfers	0.4876	0.5088	0.5227	0.5531	0.5481	0.6197

Weighted Average Group Rate Adjusted	0.3911	0.3938	0.4015	0.4080	0.4127	0.4254

Weighted Average Non Electric Adjusted Rate	0.4007	0.4107	0.4309	0.4353	0.4419	0.4533

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

	2005	2006	2007	2008	2009
Unit's FBA %	10.02%	12.27%	21.89%	26.36%	20.66%
Group average FBA %	41.78%	40.17%	37.01%	38.75%	39.96%
State average Electric/Non Electric Group FBA %	36.67%	35.62%	33.99%	35.41%	34.57%
State average FBA %	36.78%	36.96%	41.78%	36.34%	37.00%

Municipal Population Group: Electric 10,000 to 49,999

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2005 2006 2007 2008 2009

Municipality 98.62% 98.76% 98.72% 98.81% 98.93%

Pop. Group 97.03% 96.74% 96.51% 96.79% 96.95%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

Municipal Population Group: Electric 10,000 to 49,999

	2005	2006	2007	2008	2009
Municipality	98.62%	98.76%	98.72%	98.81%	98.93%
Pop. Group	97.03%	96.74%	96.51%	96.79%	96.95%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

Municipal Population Group: Electric 10,000 to 49,999

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2005 2006 2007 2008 2009

Municipality 191 173 155 136 120

Pop. Group 190 163 166 153 130

Statewide 505 495 478 456 455

Municipal Population Group: 10,000 to 24,999

	2005	2006	2007	2008	2009
Municipality	191	173	155	136	120
Pop. Group	190	163	166	153	130
Statewide	505	495	478	456	455

Municipal Population Group: 10,000 to 24,999

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2005 2006 2007 2008 2009

Property Tax $392 394 413 400 398

Utility 1,632 1,757 1,774 1,702 1,810

Sales Tax 157 162 175 163 136

Sales & Services 123 155 163 178 221

Intergovernmental 95 158 106 99 196

Debt Proceeds 55 59 122 655 28

Other Miscellaneous 63 79 136 122 226

Total $2,517 2,764 2,889 3,319 3,015

	2005	2006	2007	2008	2009
Property Tax	$392	394	413	400	398
Utility	1,632	1,757	1,774	1,702	1,810
Sales Tax	157	162	175	163	136
Sales & Services	123	155	163	178	221
Intergovernmental	95	158	106	99	196
Debt Proceeds	55	59	122	655	28
Other Miscellaneous	63	79	136	122	226
Total	$2,517	2,764	2,889	3,319	3,015

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2009
2009

Category Revenue
Per Capita

Property Tax $5,209,674
$398

Water/Sewer 4,683,737
358

Electric 19,003,157
1,452

Other Utilities 0
0

Sales Tax 1,779,259
136

Sales & Services 2,897,142
221

Intergovernment 2,560,598
196

Debt Proceeds 366,248
28

Miscellaneous 2,961,714
226

Total $39,461,529
$3,015

Municipal Population Group: Electric 10,000 to 49,999

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2009
2009

Category Expenditures
Per Capita

General Government $3,077,583
$235

Water/Sewer 5,493,353
420

Electric 18,679,116
1,427

Other Utilities 0
0

Debt Service 2,592,753
198

Transportation 681,460
52

Public Safety 6,479,439
495

Other 2,605,518
199

Total $39,609,222
$3,026

Municipal Population Group: Electric 10,000 to 49,999

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2009
2009

Category Expenditures
Per Capita

Salaries & Wages $7,690,993
$588

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 0
0

Other Operating 31,918,229
2,438

Total $39,609,222
$3,026

Municipal Population Group: Electric 10,000 to 49,999

Last Updated 6/11/2010 10:27:35 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$5,209,674	$398
Water/Sewer	4,683,737	358
Electric	19,003,157	1,452
Other Utilities	0	0
Sales Tax	1,779,259	136
Sales & Services	2,897,142	221
Intergovernment	2,560,598	196
Debt Proceeds	366,248	28
Miscellaneous	2,961,714	226
Total	$39,461,529	$3,015

Municipal Population Group: Electric 10,000 to 49,999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Smithfield

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Smithfield