North Carolina
Department of State Treasurer
Financial Information
Town of Spring Hope

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

Institute of Government North Carolina Cities Web Site

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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			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$0	467,602	436,726	456,364	452,718	531,814
		Utility	-	464,636	481,650	409,717	400,781	411,722
		Sales Tax	-	207,999	219,404	248,716	239,714	220,234
		Sales & Services	-	173,785	195,217	147,166	149,039	145,692
		Intergovernmental	-	134,135	104,731	118,006	118,496	120,384
		Debt Proceeds	-	-	-	6,563	19,556	9,950
		Other Miscellaneous	-	7,857	12,044	44,600	60,023	48,261
		Total	$0	1,456,014	1,449,772	1,431,132	1,440,327	1,488,057

	Expenditures by Function
		Utility	$0	417,382	348,272	426,838	488,282	307,486
		Debt Service	-	47,808	47,808	-	-	-
		Transportation	-	220,590	155,136	263,947	195,307	254,469
		General Government	-	355,265	352,757	347,167	293,123	280,977
		Public Safety	-	343,034	314,575	312,435	321,329	375,068
		Other	-	200,360	207,820	179,435	188,458	183,046
		Total	$0	1,584,439	1,426,368	1,529,822	1,486,499	1,401,046

	Expenditures by Object
		Salaries & Wages	$0	671,263	685,066	644,417	613,630	616,413
		Capital Outlay	-	36,682	20,217	54,196	-	25,333
		Other Operating + Debt Service	-	876,494	721,085	831,209	872,869	759,300
		Total	$0	1,584,439	1,426,368	1,529,822	1,486,499	1,401,046


	Per Capita Revenues by Source
		Property Tax	$0	352	334	352	351	413
		Utility	-	350	369	316	310	320
		Sales Tax	-	156	168	192	187	171
		Sales & Services	-	131	149	113	115	113
		Intergovernmental	-	101	80	91	92	94
		Debt Proceeds	-	-	-	5	15	8
		Other Miscellaneous	-	6	9	34	46	37
		Total	$0	1,096	1,109	1,103	1,116	1,156

	Per Capita Expenditures by Function
		Utility	$0	314	266	329	378	239
		Debt Service	-	36	37	-	-	-
		Transportation	-	166	119	204	151	198
		General Government	-	268	269	268	227	219
		Public Safety	-	258	241	241	249	291
		Other	-	151	159	138	146	142
		Total	$0	1,193	1,091	1,180	1,151	1,089

	Per Capita Expenditures by Object
		Salaries & Wages	$0	505	524	497	475	479
		Capital Outlay	-	28	15	42	-	20
		Other Operating	-	660	552	641	676	590
		Total	$0	1,193	1,091	1,180	1,151	1,089

	Population Group		No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Number of Municipalites in Group	102	96	100	101	101	103
		Average Population In Group	1,623	1,660	1,652	1,661	1,642	1,638
		Town of Spring Hope Population	1,325	1,328	1,307	1,297	1,291	1,287
	Group Average Per Capita Revenues by Source
		Property Tax	433	414	422	406	369	348
		Utility	472	435	436	423	430	399
		Sales Tax	154	153	178	201	195	180
		Sales & Services	103	82	76	80	77	71
		Intergovernmental	274	233	228	217	220	243
		Debt Proceeds	36	39	33	46	38	46
		Other Miscellaneous	100	129	162	261	203	273
		Total	1,572	1,485	1,535	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	465	499	531	572	461	487
		Debt Service	139	130	154	126	110	108
		Transportation	148	142	148	140	142	131
		General Government	239	204	216	265	201	222
		Public Safety	391	348	350	384	346	326
		Other	197	177	201	203	206	205
		Total	1,579	1,500	1,600	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	527	465	480	450	427	402
		Capital Outlay	244	258	302	483	305	373
		Other Operating	808	777	818	757	733	704
		Total	1,579	1,500	1,600	1,690	1,465	1,479


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$0	1,010,636	996,425	1,015,902	999,480	1,059,992
	General Fund expenditures		-	1,178,988	1,082,096	1,102,984	998,219	1,093,560
	Operating transfers in		-	18,000	12,000	-	-	-
	Operating transfers out		-	-	-	8,133	88,854	-
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	85,994	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		-	(64,358)	(73,671)	(95,215)	(87,593)	(33,568)

	Fund balance available (FBA):
		In dollars	$0	226,443	303,801	378,363	479,926	570,205
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	19.21	28.08	34.05	44.15	52.14
		Group weighted average FBA %	73.24	66.79	66.05	62.44	65.48	64.58
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$0	121,444	139,611	185,520	582,496	603,397
		Quick ratio	0.00	4.04	4.10	4.76	13.22	16.96
		Net income	0	253,772	316,363	(142,961)	(124,829)	14,556
		Cashflow from operations	0	6,171	90,618	(11,106)	(44,240)	92,472
		Depreciation & Amortization Expense	0	110,179	119,503	121,354	119,509	118,523



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

		Population at July 1st of the Previous Year	1,325	1,328	1,307	1,297	1,291	1,287
		Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$0	$333,544	$461,549	$731,556	$1,084,157	$1,171,046
		Investment Earnings	0	449	2,381	30,387	55,323	42,106
		Tax Rate Equivalent	0.0000	0.0006	0.0032	0.0411	0.0759	0.0573
		Tax Rate Equivalent Group weighted average	0.0031	0.0045	0.0131	0.0261	0.0409	0.0283
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2009	2009	2001	2001	2001	2001
		January 1, Prior Year Assessed Valuation	$79,330,374	80,029,086	73,344,210	73,935,566	72,915,774	73,427,274
		Tax Rate	0.5700	0.5700	0.6200	0.6200	0.6200	0.7000
		Tax Rate Group weighted average	0.2777	0.2970	0.2983	0.2860	0.3424	0.3297
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	96.74	98.57	81.92	82.78	88.10	91.08
		Assessment -to-Sales Ratio Group weighted average	100.82	97.69	86.77	88.94	79.96	85.71
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$82,003,694	81,190,104	89,531,506	89,315,736	82,764,783	80,618,439
		EffectiveTax Rate	0.5514	0.5618	0.5079	0.5132	0.5462	0.6376
		Group weighted average Effective Tax Rate	0.2800	0.2901	0.2589	0.2544	0.2737	0.2826
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	0.0000	95.5800	95.0800	93.8700	94.8300	95.5500
		Percent Collected Group weighted average	96.53	95.37	95.99	96.86	97.18	96.94
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	0.00	97.54	97.27	97.46	97.77	98.33
		Percent Collected Excluding Motor Vehicles Group weighted average	97.18	95.99	96.67	97.78	98.01	97.76
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	0.00	76.61	68.31	70.20	74.20	78.60
		Percent Collected Motor Vehicles Only Group weighted average	84.33	85.45	84.60	85.16	86.07	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	0	53,029	43,759	71,649	63,384	79,326
		Tax Rate Equivalent	0.0000	0.0663	0.0597	0.0969	0.0869	0.1080
		Dominant County: Nash
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	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	236	256	265	277	294	297
		Total Per Capita Statewide	450	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	0.1642%	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	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	$0	0	0	0	0	0
		--General Government	0	0	0	0	0	0
		Total*	$0	0	0	0	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		1,325	1,328	1,307	1,297	1,291	1,287

1.5A	FISCAL	Governmental Activities Assets		1,748,929	1,843,338	1,957,188	625,649	1,071,921
1.5B	SUMMARY	Governmental Activities Liabilities		871,701	893,186	912,540	87,509	64,440
3.5A		Business Type Activities Assets		2,993,898	2,745,717	2,432,033	2,571,828	2,681,549
3.5B		Business Type Activities Liabilties		48,665	54,256	56,936	47,634	38,661
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy		431,473	413,377	437,240	416,771	521,703
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections		31,708	20,411	8,149	29,862
13.0		Penalties and Interest		4,421	2,938	10,975	6,085	10,111
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax				3,874	239,714	220,234
17.0		1/2% Local Government Option Sales Tax (40)		207,999	219,404	244,842
18.0		1/2% Local Government Option Sales Tax (42)
18.5		1/2% Local Government Option Sales Tax (44)
19.0		Privilege Licenses		6,250	2,735	5,533	4,260	3,754
19.2		Privilege -- All other privileges and pemits					440
20.0		Auto Licenses						2,401
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
30.0		Public Safety
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges				9,612
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		92,940	54,992	53,253	67,282	62,087
45.0		Beer and Wine Tax		1,864	5,825	5,947	5,816	5,658
46.0		Powell Bill		38,523	43,375	48,484	43,488
50.0		Court Fees - Facilities and Arrest Fees		808	539	710	810	410
51.0		General Government					1,100
52.0		Public Safety
53.0		Transportation - Streets						44,347
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
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety						7,882
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation			6,120	4,961
71.0	PERMITS	Building Permits		1,158	808	825
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits						475
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties		4,225	5,775	6,075	10,875	4,250
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste		144,320	145,383	114,675	109,719	112,062
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries		17,800	7,900	10,550	16,450	15,600
81.0		Recreation Service Revenues		2,840	9,199	7,045	11,995	2,725
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues		4,600	26,960	8,821		10,580
84.0		Mass Transit - City Operated
85.0		Other Sales and Services		28,932	19,782	13,943	3,616	4,608
86.0	UTILITY	Water and Sewer Charges		435,704	461,868	395,774	397,165	407,114
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds		449	2,381	30,387	55,323	42,106
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets				2,044
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				850
98.0		Other Miscellaneous Revenues				6,563	19,556	9,950
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases
101.0		Other
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages		6,997	2,997	117,390	6,997	80,503
109B	GENERAL	Governing Body - Other Direct				106,033		127,429
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E				7,969
110A		Administration - Salaries & Wages		127,733	125,400		105,165
110B		Administration - Other Direct			104,137		107,085
110C		Administration - Construction
110D		Administration - Purchase of P,P&E
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		125,523	114,623	69,548	73,876	73,045
115C		Public Buildings - Construction			5,600
115D		Public Buildings - Purchase of P,P&E				46,227
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		93,350
118C		Gen. Govt. All Other - Construction		1,662
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages		247,779	262,274	264,395	262,692	274,709
119B	SAFETY	Police & Comm - Traffic Control - Other Direct			37,684	40,984	50,659	28,575
119C		Police & Comm - Traffic Control - Construction			14,617
119D		Police & Comm - Traffic Control - Purchase of P,P&E						12,833
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						50,210
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		38,296
126C		Pub. Safety All Other - Construction		34,854
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		64,869	57,414	74,000	63,265	67,504
128B		Streets and Highways - Other Direct		59,834	81,931	49,640	56,413	186,965
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		95,887	15,791	140,307	75,629
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
136A	ENVIRON	Solid Waste - Salaries & Wages		103,382	97,985	71,421	70,848	68,204
136B	MENTAL	Solid Waste - Other Direct		63,715	82,887	68,287	72,874	58,506
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct		14,386	11,221	13,816	12,739
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages
140B	& PHYSICAL	Planning & Zoning - Other Direct
140C	DEVELOP	Planning & 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
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages
153B	RECREATION	Recreation & Parks - Other Direct		10,377	7,227	17,411	11,722	6,861
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		8,500	8,500	8,500	9,000	9,000
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages						32,358
157B		Cult. & Recr. All Other - Other Direct					11,275	8,117
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages		120,503	138,996	117,211	104,663	93,135
158B		Water & Sewer - Other Direct		296,713	209,276	309,627	383,619	201,851
158C		Water & Sewer - Construction		166
158D		Water & Sewer - Purchase of P,P&E						12,500
159A		Electric Power - Salaries & Wages
159B		Electric Power - Other Direct
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E
160A		Natural Gas - Salaries & Wages
160B		Natural Gas - Other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Purchase of P,P&E
161.1A		Storm Water - Salaries & Wages
161.1B		Storm Water - Other Direct
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees
161D	SERVICE	Water & Sewer - Principal
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees		47,808	33,000
166D		All Other - Principal			14,808
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement				1,997
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement		22,105		5,059	7,978	8,741
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	.	413,966.00	401,975.00	404,458.00	384,671.00	438,739.00
180.0		Current year's levy -- Motor vehicles (only)	.	42,851.00	32,774.00	61,357.00	54,812.00	71,995.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	.	10,178.00	10,985.00	10,292.00	8,572.00	7,331.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles		10,023	10,387	18,283	14,140	15,407
183.0	DATA	Percentage of Taxes Collected - All Property %	0.00	95.58	95.08	93.87	94.83	95.55
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	0.00	97.54	97.27	97.46	97.77	98.33
185.0		Percentage of Taxes Collected - Motor Vehicles %	0.00	76.61	68.31	70.20	74.20	78.60
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		333,544	461,549	731,556	1,084,157	1,171,046
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		1,456,014	1,449,772	1,431,132	1,440,327	1,488,057
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues		1,456,014	1,449,772	1,431,132	1,440,327	1,488,057
		Calculated amount		1,456,014	1,449,772	1,431,132	1,440,327	1,488,057
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures		1,584,439	1,426,368	1,529,822	1,486,499	1,401,046
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures		1,584,439	1,426,368	1,529,822	1,486,499	1,401,046
		Calculated amount		1,584,439	1,426,368	1,529,822	1,486,499	1,401,046
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water			50,456,207	44,450
402B	Operations	Amount processed and/or purchased in units Sewer			1,279,000	1,500
403A		Total amount billed in units - Water		34,844,400	38,600,000	43,674
403B		Total amount billed in units - Sewer		31,261,404	33,909,000	33,827
404A		Of the total in 403A above how many units were Residential W		25,258,404	26,095,000	35,558
404B		Of the total in 403B above how many units were Residential S
405A		Of the total in 403 above, how many units were Outside Muni W
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		196,211	183,859	496,279
408A		Dollars related to 403A above		355,872	210,995	204,719
408B		Dollars related to 403B above		151,338	142,257	170,549
409A		Dollars related to 404A above		172,401	195,292	144,947
409B		Dollars related to 404B above
410A		Dollars related to 405A above
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		623	627	627
421A		Number of residential accounts billed - Water		715	585	585
421B		Number of residential accounts billed - Sewer		131	134	136
422A		Number of non-residential & bulk accounts billed - Water		106	125	125
422B		Number of non-residential & bulk accounts billed - Sewer		2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	M. Collins
951.0		Title	Finance Officer
952.0		Date
953.0		Contact	Gerrelene M Walker
954.0		Title	Auditor
955.0		Phone	252-823-1040
956.0		Fax	252-823-1479
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	1,325	1,328	1,307	1,297	1,291	1,287
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
Total Operating Revenues	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	34	289	290	290	274	263
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	99.05%	105.51%	106.51%	104.66%	105.75%	103.04%
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	0.95%	-5.51%	-6.51%	-4.66%	-5.75%	-3.04%
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	16.51%	10.42%	6.34%	4.91%	3.25%	3.52%
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	18.35%	1.61%	7.42%	1.88%	2.88%	15.74%
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	-77.01%	11.11%	-26.45%	26.08%	15.63%	14.62%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	N/A	4.04	4.10	4.76	13.22	16.96
Group Weighted Average	3.96	3.33	3.09	2.80	3.18	3.56
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	4.1	45.5	45.4	50.5	49.9	43.3
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-105.6	471.6	447.9	455.0	692.9	524.2
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$0	6,171	90,618	-11,106	-44,240	92,472

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.27	0.24	0.26	0.29	0.27	0.28
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	0	0	0	0	0
Group Weighted Average	38	422	451	482	433	421
State Weighted Average	8	897	783	781	761	733

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

	2005	2004	2003	2002
	$36,330	10,877	0	104,766

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


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	0	NA
Estimated population of the areas served Sewer	0	0	0	0	0	NA

Number of Gallons of Water Processed (000) omitted	0	0	50,456,207	44,450	0	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	1,279,000	1,500	0	NA

Number of Gallons of Water Billed (000) omitted	0	34,844,400	38,600,000	43,674	0	NA
Number of Gallons of Sewage Billed (000) omitted	0	31,261,404	33,909,000	33,827	0	NA

Ratio of Water Billed to Water Processed			0.76502	0.98254		NA
Ratio of Sewage Billed to Sewage Processed			26.51212	22.55133		NA

Total Revenue from Water Sales	0	0	0	0	0	NA
Total Revenue from Sewage Sales	0	355,872	210,995	204,719	0	NA

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

Group Average Sales per thousand Gallons Water	$0.00016	$58.68442	$27.87923	$1,769.81984	$14,046.04813	NA
Group Average Sales per thousand Gallons Sewage	$0.00023	$82.78241	$36.57171	$899.82774	$7,994.92601	NA

State Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons	$0.00000	0.00599	0.00545	4.79636		NA
Residential Sewage Sales per thousand Gallons	$0.00000	0.00710	0.00619	267.42989		NA

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

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

Financial Graphs and Comparisons

Analysis of Available Fund Balance: General Fund
Analysis of Property Tax Collection %
Analysis of General Obligation Debt
Analysis of Revenue (5 years)
Analyis of Revenue (most recent fiscal year)
Analysis of Expenditures by Function
Analysis of Expenditures by Object

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	44.15%	34.05%	28.08%	19.21%	0.00%
Group average FBA %	65.48%	62.44%	66.05%	66.79%	73.24%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	65.48%	37.47%	29.01%

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

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2006 2007 2008 2009 2010

Municipality 95.55% 94.83% 93.87% 95.08% 95.58%

Pop. Group 96.94% 97.18% 96.86% 95.99% 95.37%

Statewide 97.55% 97.58% 97.56% 97.34% 97.36%

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

	2006	2007	2008	2009	2010
Municipality	95.55%	94.83%	93.87%	95.08%	95.58%
Pop. Group	96.94%	97.18%	96.86%	95.99%	95.37%
Statewide	97.55%	97.58%	97.56%	97.34%	97.36%

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

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2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 294 277 265 256 236

Statewide 478 456 455 449 450

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	294	277	265	256	236
Statewide	478	456	455	449	450

Municipal Population Group: 1,000 to 2,499

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2006 2007 2008 2009 2010

Property Tax $413 351 352 334 352

Utility 320 310 316 369 350

Sales Tax 171 187 192 168 156

Sales & Services 113 115 113 149 131

Intergovernmental 94 92 91 80 101

Debt Proceeds 8 15 5 0 0

Other Miscellaneous 37 46 34 9 6

Total $1,156 1,116 1,103 1,109 1,096

	2006	2007	2008	2009	2010
Property Tax	$413	351	352	334	352
Utility	320	310	316	369	350
Sales Tax	171	187	192	168	156
Sales & Services	113	115	113	149	131
Intergovernmental	94	92	91	80	101
Debt Proceeds	8	15	5	0	0
Other Miscellaneous	37	46	34	9	6
Total	$1,156	1,116	1,103	1,109	1,096

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2010
2010

Category Revenue
Per Capita

Property Tax $467,602
$352

Water/Sewer 28,932
22

Electric 435,704
328

Other Utilities 0
0

Sales Tax 207,999
156

Sales & Services 173,785
131

Intergovernment 134,135
101

Debt Proceeds 0
0

Miscellaneous 7,857
6

Total $1,456,014
$1,096

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

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2010
2010

Category Expenditures
Per Capita

General Government $355,265
$268

Water/Sewer 0
0

Electric 417,382
314

Other Utilities 0
0

Debt Service 47,808
36

Transportation 220,590
166

Public Safety 343,034
258

Other 200,360
151

Total $1,584,439
$1,193

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

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2010
2010

Category Expenditures
Per Capita

Salaries & Wages $671,263
$505

Water/Sewer Capital 0
0

Electric Capital 166
0

Other Capital 36,516
27

Other Operating 876,494
660

Total $1,584,439
$1,193

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

Last Updated 2/7/2012 2:42:34 PM



	2010	2010
Category	Revenue	Per Capita
Property Tax	$467,602	$352
Water/Sewer	28,932	22
Electric	435,704	328
Other Utilities	0	0
Sales Tax	207,999	156
Sales & Services	173,785	131
Intergovernment	134,135	101
Debt Proceeds	0	0
Miscellaneous	7,857	6
Total	$1,456,014	$1,096

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Spring Hope

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Spring Hope