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

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

Go to North Carolina County and Municipal Financial Information Home Page
Go to Cumberland 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			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$0	2,608,492	2,445,791	2,114,122	2,052,922	1,998,171
		Utility	-	2,880,784	2,925,247	2,382,945	2,234,773	2,251,176
		Sales Tax	-	1,607,886	1,365,471	1,491,991	1,447,659	1,461,902
		Sales & Services	-	610,754	714,600	668,252	595,750	642,517
		Intergovernmental	-	1,513,613	869,923	1,131,828	981,717	635,580
		Debt Proceeds	-	65,586	43,536	21,849	20,213	29,254
		Other Miscellaneous	-	1,171,149	1,023,587	527,290	613,658	3,352,101
		Total	$0	10,458,264	9,388,155	8,338,277	7,946,692	10,370,701

	Expenditures by Function
		Utility	$0	2,644,425	2,149,048	2,559,869	3,116,637	2,259,455
		Debt Service	-	689,036	671,813	332,926	83,489	394,922
		Transportation	-	589,356	320,078	809,141	564,287	568,321
		General Government	-	1,198,803	1,296,308	1,293,251	1,213,266	910,381
		Public Safety	-	3,589,553	2,908,347	2,733,234	2,486,467	2,378,198
		Other	-	1,295,852	1,205,489	1,660,604	2,400,107	3,199,896
		Total	$0	10,007,025	8,551,083	9,389,025	9,864,253	9,711,173

	Expenditures by Object
		Salaries & Wages	$0	2,952,818	4,370,494	3,534,753	2,929,692	3,636,675
		Capital Outlay	-	348,067	520,910	1,015,595	2,024,899	2,450,359
		Other Operating + Debt Service	-	6,706,140	3,659,679	4,838,677	4,909,662	3,624,139
		Total	$0	10,007,025	8,551,083	9,389,025	9,864,253	9,711,173


	Per Capita Revenues by Source
		Property Tax	$0	198	289	256	250	243
		Utility	-	219	346	288	272	274
		Sales Tax	-	122	162	179	176	180
		Sales & Services	-	46	85	81	72	78
		Intergovernmental	-	115	103	137	119	77
		Debt Proceeds	-	5	5	3	2	4
		Other Miscellaneous	-	89	121	64	75	408
		Total	$0	794	1,111	1,008	966	1,264

	Per Capita Expenditures by Function
		Utility	$0	201	254	309	379	275
		Debt Service	-	52	80	40	10	48
		Transportation	-	45	38	98	69	69
		General Government	-	92	153	157	147	111
		Public Safety	-	272	344	330	302	290
		Other	-	98	143	201	292	390
		Total	$0	760	1,012	1,135	1,199	1,183

	Per Capita Expenditures by Object
		Salaries & Wages	$0	224	517	427	356	443
		Capital Outlay	-	26	62	123	246	299
		Other Operating	-	510	433	585	597	441
		Total	$0	760	1,012	1,135	1,199	1,183

	Population Group		No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Number of Municipalites in Group	43	42	120	120	124	123
		Average Population In Group	19,559	19,501	4,697	4,793	4,727	4,663
		Town of Spring Lake Population	11,436	13,175	8,450	8,273	8,227	8,207
	Group Average Per Capita Revenues by Source
		Property Tax	415	427	346	336	310	306
		Utility	290	300	315	313	317	332
		Sales Tax	122	121	144	160	159	152
		Sales & Services	59	61	82	78	76	71
		Intergovernmental	152	151	179	175	172	159
		Debt Proceeds	163	83	152	111	24	28
		Other Miscellaneous	142	94	157	179	229	189
		Total	1,343	1,237	1,375	1,352	1,287	1,237

	Group Average Per Capita Expenditures by Function
		Utility	256	257	414	370	332	305
		Debt Service	155	141	100	102	96	98
		Transportation	112	118	95	110	111	112
		General Government	135	150	185	169	159	156
		Public Safety	320	336	318	318	310	280
		Other	258	235	219	230	235	209
		Total	1,236	1,237	1,331	1,299	1,243	1,160

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	441	459	429	414	405	390
		Capital Outlay	193	186	317	279	252	205
		Other Operating	601	591	585	606	584	564
		Total	1,235	1,236	1,331	1,299	1,241	1,159


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$6,149,616	6,048,089	5,157,746	5,345,937	5,130,453	5,056,766
	General Fund expenditures		6,345,456	6,350,705	5,344,038	6,015,457	5,395,027	5,157,738
	Operating transfers in		422,528	215,269	206,639	198,367	-	222,040
	Operating transfers out		-	-	-	-	80,289	-
	Capital leases and installment purchase proceeds		387,147	316,006	326,703	58,500	48,000	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		613,835	228,659	347,050	(412,653)	(296,863)	121,068

	Fund balance available (FBA):
		In dollars	$0	1,110,014	1,078,782	324,691	789,240	1,418,028
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	18.39	21.50	5.45	14.54	27.49
		Group weighted average FBA %	33.33	44.27	70.26	65.07	64.31	62.32
		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
	Storm Water, Sanitation, Water/Sewer

	Combined financial results:
		Working capital	$829,976	670,941	424,988	(55,054)	(369,760)	430,015
		Quick ratio	2.86	2.19	1.38	0.59	0.28	1.38
		Net income	211,005	502,656	459,545	307,823	(329,110)	6,580
		Cashflow from operations	1,106,223	576,209	890,788	228,164	240,320	510,674
		Depreciation & Amortization Expense	426,781	399,948	398,689	355,976	351,370	310,218



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

		Population at July 1st of the Previous Year	11,436	13,175	8,450	8,273	8,227	8,207
		Population Group	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Cash &Investments	$0	$1,943,893	$1,819,343	$719,148	$1,390,445	$3,165,013
		Investment Earnings	0	3,550	23,342	42,631	113,512	173,289
		Tax Rate Equivalent	0.0000	0.0009	0.0071	0.0133	0.0366	0.0580
		Tax Rate Equivalent Group weighted average	0.0053	0.0094	0.0130	0.0294	0.0437	0.0322
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2009	2009	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$398,863,158	389,691,335	327,152,143	320,310,427	310,137,889	298,878,898
		Tax Rate	0.6600	0.6600	0.7600	0.6600	0.6600	0.6600
		Tax Rate Group weighted average	0.4199	0.4256	0.2697	0.2669	0.3116	0.3191
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	100.07	99.84	81.72	86.00	89.65	92.46
		Assessment -to-Sales Ratio Group weighted average	101.54	98.47	92.17	90.92	83.51	91.52
		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	$398,584,149	390,315,840	400,333,019	372,453,985	345,942,988	323,252,107
		EffectiveTax Rate	0.6605	0.6589	0.6211	0.5676	0.5917	0.6102
		Group weighted average Effective Tax Rate	0.4263	0.4191	0.2486	0.2427	0.2602	0.2921
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	0.0000	97.0000	96.5800	96.2400	96.0100	95.8500
		Percent Collected Group weighted average	97.10	96.95	95.41	95.81	96.70	96.72
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	0.00	99.10	99.42	99.02	98.83	98.60
		Percent Collected Excluding Motor Vehicles Group weighted average	97.88	97.66	97.55	98.06	97.99	98.08
		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	74.50	71.38	72.55	70.87	71.37
		Percent Collected Motor Vehicles Only Group weighted average	87.46	87.44	85.23	85.75	86.04	86.22
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	0	240,207	262,755	241,284	229,228	225,876
		Tax Rate Equivalent	0.0000	0.0616	0.0803	0.0753	0.0739	0.0756
		Dominant County: Cumberland
	Debt Information
		Population Group	10,000 to 24,999	10,000 to 24,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999	5,000 to 9,999
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$1,284,000	1,299,000	1,314,000	1,329,000	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	1,284,000	1,299,000	1,314,000	1,329,000	0	0
		Per Capita	$112	99	156	161	0	0
		Total Per Capita for the Population Group	111	132	69	71	93	117
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.3221%	0.3328%	0.3282%	0.3568%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1155%	0.1377%	0.0531%	0.0577%	0.0861%	0.1199%
		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	$14,356,000	14,356,000	14,356,000	14,356,000	15,700,000	15,700,000

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$586,606	639,395	690,060	738,688	785,361	830,156
		--General Government	0	0	0	0	0	2,550,000
		Total*	$586,606	639,395	690,060	738,688	785,361	3,380,156
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$519,879	601,524	646,262	726,150	806,037	885,925


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		11,436	13,175	8,450	8,273	8,227	8,207

1.5A	FISCAL	Governmental Activities Assets		7,908,790	7,542,170	7,348,055	14,030,316	7,677,706
1.5B	SUMMARY	Governmental Activities Liabilities		4,013,550	3,569,144	3,493,252	3,801,707	3,878,295
3.5A		Business Type Activities Assets		9,738,473	9,537,400	9,156,828	7,658,095	8,097,674
3.5B		Business Type Activities Liabilties		2,995,633	3,297,216	3,427,462	2,849,593	2,347,021
6.5A		Fiduciary Funds Assets			50,000	50,228	50,386	49,992
6.5B		Fiduciary Funds Liabilties			50,000	50,228	50,000	50,378
10.0	PART 2	Current Collections of Unit -Wide Levy		2,491,275	2,382,237	2,041,342	1,979,992	1,904,781
11.0	TAX	Current Collections of Special Tax Districts		87,768	113,243
12.0	REVENUES	Prior Years' Levy Collections		102,386	50,307	57,930	58,824	77,101
13.0		Penalties and Interest		14,831	13,247	14,850	14,106	16,289
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax				70	120	400
15.1		Solid Waste Disposal Tax		2,436
16.0		1% Local Government Option Sales Tax		789,663	644,357	595,646	560,190	1,461,902
17.0		1/2% Local Government Option Sales Tax (40)		373,310	278,424	313,887	311,432
18.0		1/2% Local Government Option Sales Tax (42)		394,355	275,326	311,155	308,880
18.5		1/2% Local Government Option Sales Tax (44)		50,558	167,364	271,303	267,157
19.0		Privilege Licenses		41,803		54,092	25,494	20,984
19.2		Privilege -- All other privileges and pemits			21,895
20.0		Auto Licenses			30,315
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses				14,223	76,094	71,302
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax		15,549	15,143	13,285	11,507	8,603
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					252,070
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation		39,974		21,115	20,861	18,291
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax				294	1,051	249
41.0	REVENUES	Transitional 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		629,115	498,829	378,730	320,021	268,080
45.0		Beer and Wine Tax		25,102	37,154	37,897	37,085	36,254
46.0		Powell Bill		387,384	232,141	259,074	232,514	237,990
50.0		Court Fees - Facilities and Arrest Fees			8,350	3,174	4,193	3,023
51.0		General Government
52.0		Public Safety		39,106
53.0		Transportation - Streets		12,172		300,000
54.0		Transportation - All Other					50,530	60,590
55.0		Environmental Protection
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other		346,995
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other		18,216
60.0		Culture and Recreation				7,500
61.0	LOCAL	Payments in Lieu of Taxes - Local			65,688	106,759	33,653
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety			1,000	4,000	8,482	2,500
64.0		Transportation - Streets			11,618
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development					9,750
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation			72,343
71.0	PERMITS	Building Permits				49,354	11,260
72.0	& FEES	Inspection Fees		412,001	133,809	40,180	79,072	155,328
72.1		Amusements licensing and permit taxes
73.0		Other Permits				18,079	2,497
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties				12,668	13,559	12,641
76.0		Airport
77.0		Fire Protection Charges			42,644	79,443	82,507	80,581
78.0		Solid Waste		559,217	617,520	490,942	401,875	449,548
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues		51,537	54,436	67,120	86,518	99,747
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues					8,794
84.0		Mass Transit - City Operated
85.0		Other Sales and Services		16,317		23,155	12,758	6,255
86.0	UTILITY	Water and Sewer Charges		2,864,467	2,925,247	2,359,790	2,222,015	2,244,921
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees		262,698	254,637	241,019	224,889	224,276
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds		3,550	23,342	42,631	113,512	173,289
91.0		Special Assessments
92.0		Private Contributions and Donations			14,400	27,220	18,376	18,276
93.0		Sales of Materials and Fixed Assets		47,323		1	16,841	2,630
94.0		Sale of Real Property						25,000
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution
98.0		Other Miscellaneous Revenues		65,586	43,536	21,849	20,213	29,254
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases		316,006	359,603	58,500	48,000	2,660,616
101.0		Other			163,848	16,423	46,206	10,941
102.0	NON-REV	School - Current Levy Collections		2,491,275
103.0	RECEIPTS	Prior Years' Levy Collections		102,386
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		35,867	67,169	41,773	34,869	55,532
109B	GENERAL	Governing Body - Other Direct		115,652	30,064	77,599	74,910	47,577
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E				60,182	48,486
110A		Administration - Salaries & Wages		199,762	279,215	186,781	187,258	232,185
110B		Administration - Other Direct		97,635	31,480	124,621	107,320	42,119
110C		Administration - Construction
110D		Administration - Purchase of P,P&E
111A		Elections - Salaries & Wages
111B		Elections - Other Direct		2,924		2,680		2,131
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages		158,594	180,858	146,680	127,720	135,489
112B		Finance - Other Direct		111,086	83,623	108,427	113,779	69,812
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct		49,567	49,288	41,110	34,078	33,390
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct		24,934	31,217	18,832	18,374	15,221
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages		80,087	128,129	108,683	90,295	41,257
115B		Public Buildings - Other Direct		167,267	121,591	249,100	243,593	137,913
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E					10,400
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		75,177		82,414	70,191	90,238
117B		Central Services - Other Direct		66,391		29,690	38,107	7,517
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E					13,886
118A		Gen. Govt. All Other - Salaries & Wages			230,216
118B		Gen. Govt. All Other - Other Direct		13,860	63,458	14,679
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages		672,247	1,214,634	996,320	762,553	978,619
119B	SAFETY	Police & Comm - Traffic Control - Other Direct		1,377,233	206,645	457,160	504,613	219,205
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E		322,827	94,938	158,206	48,703	125,612
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		517,080	662,759	486,152	436,625	544,007
122B		Fire - Other Direct		387,035	155,425	403,305	482,501	297,402
122C		Fire - Construction
122D		Fire - Purchase of P,P&E		9,500	330,554		32,979	28,581
123A		Inspectors - Salaries & Wages		134,209	170,259	137,762	106,934	137,910
123B		Inspectors - Other Direct		60,965	11,843	48,494	61,392	12,642
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E					18,857
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
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			139,007	137,490
128B		Streets and Highways - Other Direct		153,754	172,023	303,026	157
128C		Streets and Highways - Construction				355,602	66,322
128D		Streets and Highways - Purchase of P,P&E				13,023
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		101,537			117,455	187,873
130B		Powell Bill - Other Direct		318,325			323,417	380,448
130C		Powell Bill - Construction					56,936
130D		Powell Bill - Purchase of P,P&E		15,740
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			9,048
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		78,305	124,557	96,183	72,093	100,998
136B	MENTAL	Solid Waste - Other Direct		520,960	442,385	476,858	476,403	411,655
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E			32,900	58,593		97,980
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
140A	ECONOMIC	Planning & Zoning - Salaries & Wages		73,887		98,297	80,632	87,153
140B	& PHYSICAL	Planning & Zoning - Other Direct		74,965		67,963	70,023	40,796
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			24,731
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		276,961	328,958	338,649	179,965	246,358
153B	RECREATION	Recreation & Parks - Other Direct		270,774	220,046	409,008	218,572	184,604
153C		Recreation & Parks - Construction				38,900	827,790	1,871,823
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					95,154	93,022
157B		Cult. & Recr. All Other - Other Direct				13,540	31,093	23,129
157C		Cult. & Recr. All Other - Construction					287,501
157D		Cult. & Recr. All Other - Purchase of P,P&E						5,034
158A	UTILITY	Water & Sewer - Salaries & Wages		506,563	798,293	644,559	535,765	678,866
158B		Water & Sewer - Other Direct		1,985,266	1,176,357	1,394,005	1,803,101	1,160,893
158C		Water & Sewer - Construction			33,595	238,632	613,039	137,003
158D		Water & Sewer - Purchase of P,P&E			4,192	92,457		33,155
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		42,542	46,440	33,010	32,183	27,168
161.1B		Storm Water - Other Direct		110,054	90,171	157,206	132,549	71,199
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E						151,171
161B	DEBT	Water & Sewer - Interest & Fees		115,460	124,073	77,619	76,902	82,545
161D	SERVICE	Water & Sewer - Principal		279,923	275,830	255,307	6,587	312,377
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		127,117	119,037
166D		All Other - Principal		166,536	152,873
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated				62,613	60,881	37,344
169B		Separation Allowance - Law Enforcement		77,328	25,191	7,990
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement		31,129	36,099	37,845	31,310	34,220
172B		Fringe Benefits Other			31,912
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	.	2,349,403.00	2,216,711.00	1,900,917.00	1,852,558.00	1,789,859.00
180.0		Current year's levy -- Motor vehicles (only)	.	218,962.00	249,906.00	222,570.00	207,515.00	200,881.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	.	21,245.00	12,849.00	18,714.00	21,713.00	24,995.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles		55,845	71,531	61,102	60,446	57,522
183.0	DATA	Percentage of Taxes Collected - All Property %	0.00	97.00	96.58	96.24	96.01	95.85
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	0.00	99.10	99.42	99.02	98.83	98.60
185.0		Percentage of Taxes Collected - Motor Vehicles %	0.00	74.50	71.38	72.55	70.87	71.37
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		1,943,893	1,819,343	719,148	1,390,445	3,165,013
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		10,675,969	9,786,517	8,654,742	8,512,456	10,636,964
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In		215,269	234,514	300,042	519,558	255,322
194D		Amount - Net Revenues		10,460,700	9,552,003	8,354,700	7,992,898	10,381,642
		Calculated amount		10,460,700	9,552,003	8,354,700	7,992,898	10,381,642
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures		10,222,294	8,785,597	9,689,067	10,383,811	9,966,495
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out		215,269	234,514	300,042	519,558	255,322
195D		Amount - Net Expenditures		10,007,025	8,551,083	9,389,025	9,864,253	9,711,173
		Calculated amount		10,007,025	8,551,083	9,389,025	9,864,253	9,711,173
		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		329,105,000	333
402B	Operations	Amount processed and/or purchased in units Sewer		326,118,000	336
403A		Total amount billed in units - Water		194,692,432	227
403B		Total amount billed in units - Sewer		174,864,432	196
404A		Of the total in 403A above how many units were Residential W		144,102,302	158
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		1,353,260	1,377,410
408A		Dollars related to 403A above		1,308,877	1,231,668
408B		Dollars related to 403B above		1,006,130	1,002,778
409A		Dollars related to 404A above		986,168	915,047
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		4,676	4,858
421A		Number of residential accounts billed - Water		3,958	4,174
421B		Number of residential accounts billed - Sewer		494	511
422A		Number of non-residential & bulk accounts billed - Water		417	433
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	ALLEN COATS
951.0		Title	FINANCE DIRECTOR
952.0		Date
953.0		Contact	ALAN THOMPSON
954.0		Title	CPA
955.0		Phone	910-642-2109
956.0		Fax	910-642-5958
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	11,436	13,175	8,450	8,273	8,227	8,207
Population Group	No Electric 10,000 to 49,999	No Electric 10,000 to 49,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
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	14	292	244	235	242	255
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	85.66%	81.31%	91.41%	92.91%	90.03%	86.35%
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	14.34%	18.69%	8.59%	7.09%	9.97%	13.65%
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	14.45%	5.48%	1.70%	1.04%	1.49%	1.56%
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	21.57%	4.03%	9.31%	3.10%	2.59%	1.83%
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	373.77%	35.72%	12.72%	18.01%	5.29%	17.80%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	2.86	2.00	1.38	0.59	0.28	1.38
Group Weighted Average	3.70	3.16	3.21	3.12	3.25	3.67
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	1.3	58.9	63.6	54.7	55.3	55.7
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	-32.2	620.1	493.9	540.8	562.2	488.8
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$1,106,223	576,209	890,788	228,164	240,320	510,674

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.48	0.46	0.30	0.25	0.26	0.25
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	30	654	357	309	307	288
State Weighted Average	8	897	783	781	761	733

Capital Expenditures:	2011	2010	2009	2008	2007	2006
	$0	0	0	0	287,501	5,034

	2005	2004	2003	2002
	$0	92,406	28,025	65,104

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	329,105,000	333	0	0	NA
Number of Gallons of Sewage Processed (000) omitted	0	326,118,000	336	0	0	NA

Number of Gallons of Water Billed (000) omitted	0	194,692,432	227	0	0	NA
Number of Gallons of Sewage Billed (000) omitted	0	174,864,432	196	0	0	NA

Ratio of Water Billed to Water Processed		0.59158	0.68222			NA
Ratio of Sewage Billed to Sewage Processed		0.53620	0.58366			NA

Total Revenue from Water Sales	0	0	0	0	0	NA
Total Revenue from Sewage Sales	0	1,308,877	1,231,668	0	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	$0.01120	$37.70357	$40.01634	$1,510.62899	$1,842.80047	NA
Group Average Sales per thousand Gallons Sewage	$0.01028	$67.57647	$48.91229	$1,673.88245	$2,249.50353	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	0.00698	6,360.78655			NA
Residential Sewage Sales per thousand Gallons	$0.00000	0.00775	5,804.29432			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

Go to top of page

Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	14.54%	5.45%	21.50%	18.39%	0.00%
Group average FBA %	64.31%	65.07%	70.26%	44.27%	33.33%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	64.31%	37.47%	29.01%

Municipal Population Group: No Electric 10,000 to 49,999

Go to top of page

2006 2007 2008 2009 2010

Municipality 95.85% 96.01% 96.24% 96.58% 97.00%

Pop. Group 96.72% 96.70% 95.81% 95.41% 96.95%

Statewide 97.55% 97.58% 97.56% 97.34% 97.36%

Municipal Population Group: No Electric 10,000 to 49,999

	2006	2007	2008	2009	2010
Municipality	95.85%	96.01%	96.24%	96.58%	97.00%
Pop. Group	96.72%	96.70%	95.81%	95.41%	96.95%
Statewide	97.55%	97.58%	97.56%	97.34%	97.36%

Municipal Population Group: No Electric 10,000 to 49,999

Go to top of page

2007 2008 2009 2010 2011

Municipality 0 161 156 99 112

Pop. Group 93 71 69 132 111

Statewide 478 456 455 449 450

Municipal Population Group: 10,000 to 24,999

	2007	2008	2009	2010	2011
Municipality	0	161	156	99	112
Pop. Group	93	71	69	132	111
Statewide	478	456	455	449	450

Municipal Population Group: 10,000 to 24,999

Go to top of page

2006 2007 2008 2009 2010

Property Tax $243 250 256 289 198

Utility 274 272 288 346 219

Sales Tax 180 176 179 162 122

Sales & Services 78 72 81 85 46

Intergovernmental 77 119 137 103 115

Debt Proceeds 4 2 3 5 5

Other Miscellaneous 408 75 64 121 89

Total $1,264 966 1,008 1,111 794

	2006	2007	2008	2009	2010
Property Tax	$243	250	256	289	198
Utility	274	272	288	346	219
Sales Tax	180	176	179	162	122
Sales & Services	78	72	81	85	46
Intergovernmental	77	119	137	103	115
Debt Proceeds	4	2	3	5	5
Other Miscellaneous	408	75	64	121	89
Total	$1,264	966	1,008	1,111	794

Go to top of page

2010
2010

Category Revenue
Per Capita

Property Tax $2,608,492
$198

Water/Sewer 16,317
1

Electric 2,864,467
217

Other Utilities 0
0

Sales Tax 1,607,886
122

Sales & Services 610,754
46

Intergovernment 1,513,613
115

Debt Proceeds 65,586
5

Miscellaneous 1,171,149
89

Total $10,458,264
$794

Municipal Population Group: No Electric 10,000 to 49,999

Go to top of page

2010
2010

Category Expenditures
Per Capita

General Government $1,198,803
$92

Water/Sewer 0
0

Electric 2,491,829
189

Other Utilities 152,596
12

Debt Service 689,036
52

Transportation 589,356
45

Public Safety 3,589,553
272

Other 1,295,852
98

Total $10,007,025
$760

Municipal Population Group: No Electric 10,000 to 49,999

Go to top of page

2010
2010

Category Expenditures
Per Capita

Salaries & Wages $2,952,818
$224

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 348,067
26

Other Operating 6,706,140
510

Total $10,007,025
$760

Municipal Population Group: No Electric 10,000 to 49,999

Last Updated 2/7/2012 2:42:39 PM



	2010	2010
Category	Revenue	Per Capita
Property Tax	$2,608,492	$198
Water/Sewer	16,317	1
Electric	2,864,467	217
Other Utilities	0	0
Sales Tax	1,607,886	122
Sales & Services	610,754	46
Intergovernment	1,513,613	115
Debt Proceeds	65,586	5
Miscellaneous	1,171,149	89
Total	$10,458,264	$794

Municipal Population Group: No Electric 10,000 to 49,999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Spring Lake

Financial Graphs and Comparisons

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