North Carolina
Department of State Treasurer
Financial Information
Town of Stedman

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

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$261,646	233,599	214,119	176,839	157,312	140,489
		Utility	408,417	348,316	331,391	367,970	362,326	300,844
		Sales Tax	120,407	106,395	126,325	123,254	122,587	121,591
		Sales & Services	-	-	-	-	2,200	-
		Intergovernmental	124,517	119,133	247,748	81,049	97,072	70,341
		Debt Proceeds	8,988	9,993	5,350	6,097	295	38
		Other Miscellaneous	8,884	10,673	28,425	80,179	67,400	142,555
		Total	$932,859	828,109	953,358	835,388	809,192	775,858

	Expenditures by Function
		Utility	$338,102	330,611	309,556	267,348	276,726	210,036
		Debt Service	63,824	84,731	84,398	82,559	76,728	96,904
		Transportation	83,723	82,025	379,692	67,634	76,538	58,168
		General Government	141,467	117,443	109,528	138,679	128,595	110,119
		Public Safety	229,441	203,846	183,918	174,071	102,250	95,412
		Other	67,908	26,440	28,846	31,456	21,250	110,271
		Total	$924,465	845,096	1,095,938	761,747	682,087	680,910

	Expenditures by Object
		Salaries & Wages	$250,524	232,020	219,927	194,025	150,555	136,408
		Capital Outlay	47,226	5,511	278,022	55,639	12,487	126,692
		Other Operating + Debt Service	626,715	607,565	597,989	512,083	519,045	417,810
		Total	$924,465	845,096	1,095,938	761,747	682,087	680,910


	Per Capita Revenues by Source
		Property Tax	$255	241	259	219	231	207
		Utility	397	359	400	455	532	443
		Sales Tax	116	110	153	152	180	179
		Sales & Services	-	-	-	-	3	-
		Intergovernmental	121	123	299	100	143	104
		Debt Proceeds	9	10	6	8	-	-
		Other Miscellaneous	9	11	34	99	99	210
		Total	$907	854	1,151	1,033	1,188	1,143

	Per Capita Expenditures by Function
		Utility	$329	341	374	330	406	309
		Debt Service	62	87	102	102	113	143
		Transportation	81	85	459	84	112	86
		General Government	138	121	132	172	190	162
		Public Safety	223	210	222	215	150	141
		Other	66	27	35	39	31	162
		Total	$899	871	1,324	942	1,002	1,003

	Per Capita Expenditures by Object
		Salaries & Wages	$244	239	266	240	221	201
		Capital Outlay	46	6	336	69	18	187
		Other Operating	609	626	722	633	763	615
		Total	$899	871	1,324	942	1,002	1,003

	Population Group		No Electric 1,000 to 2,499	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Number of Municipalites in Group	102	99	94	96	96	95
		Average Population In Group	1,623	727	726	729	726	727
		Town of Stedman Population	1,028	970	828	809	681	679
	Group Average Per Capita Revenues by Source
		Property Tax	433	411	400	400	335	298
		Utility	472	425	444	423	366	312
		Sales Tax	154	135	165	190	167	155
		Sales & Services	103	67	58	55	51	47
		Intergovernmental	274	320	399	298	361	357
		Debt Proceeds	36	35	90	96	29	45
		Other Miscellaneous	100	146	180	178	232	165
		Total	1,572	1,539	1,736	1,640	1,541	1,379

	Group Average Per Capita Expenditures by Function
		Utility	465	441	428	437	404	484
		Debt Service	139	105	110	97	83	71
		Transportation	148	135	122	148	153	117
		General Government	239	258	309	321	313	224
		Public Safety	391	283	301	294	250	241
		Other	197	279	382	291	279	292
		Total	1,579	1,501	1,652	1,588	1,482	1,429

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	527	425	419	406	352	309
		Capital Outlay	244	241	302	298	334	370
		Other Operating	808	835	931	884	796	750
		Total	1,579	1,501	1,652	1,588	1,482	1,429


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$524,332	453,192	449,543	418,505	411,528	345,483
	General Fund expenditures		529,437	456,668	471,112	422,630	335,808	388,717
	Operating transfers in		-	95,492	-	-	-	-
	Operating transfers out		-	-	135,000	-	47,789	-
	Capital leases and installment purchase proceeds		-	-	-	22,282	-	89,990
	Other items		-	-	-	2,501	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(5,105)	92,016	(156,569)	20,658	27,931	46,756

	Fund balance available (FBA):
		In dollars	$0	478,825	383,561	540,880	521,210	493,127
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	104.85	63.28	135.10	135.87	165.08
		Group weighted average FBA %	73.24	100.58	103.21	88.65	100.61	101.57
		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	$551,061	537,473	576,227	602,212	536,130	480,015
		Quick ratio	11.48	10.73	17.85	19.93	18.21	16.79
		Net income	(161,266)	(209,588)	(183,379)	(96,206)	(115,908)	(65,647)
		Cashflow from operations	55,163	38,617	36,240	107,913	83,099	127,055
		Depreciation & Amortization Expense	185,552	185,552	185,315	185,053	184,960	184,960



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

		Population at July 1st of the Previous Year	1,028	970	828	809	681	679
		Population Group	No Electric 1,000 to 2,499	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999
		Cash &Investments	$1,022,641	$1,043,719	$1,058,270	$1,185,802	$1,095,715	$981,342
		Investment Earnings	1,136	1,761	19,269	46,053	50,988	38,839
		Tax Rate Equivalent	0.0014	0.0023	0.0337	0.0970	0.1448	0.1046
		Tax Rate Equivalent Group weighted average	0.0031	0.0051	0.0185	0.0245	0.0375	0.0327
		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	$80,492,830	76,943,794	57,171,902	47,473,433	35,223,002	37,137,278
		Tax Rate	0.3200	0.3700	0.3700	0.3700	0.3700	0.3700
		Tax Rate Group weighted average	0.2777	0.1922	0.1910	0.1936	0.2310	0.2737
		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	100.82	101.44	87.47	87.75	77.67	88.06
		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	$80,436,524	77,067,101	69,960,722	55,201,666	39,289,461	40,165,778
		EffectiveTax Rate	0.3202	0.3694	0.3024	0.3182	0.3317	0.3421
		Group weighted average Effective Tax Rate	0.2800	0.1950	0.1670	0.1699	0.1794	0.2410
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	96.7300	97.4800	97.1200	96.8200	96.4300	95.5600
		Percent Collected Group weighted average	96.53	95.20	95.59	96.16	96.02	95.56
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	97.87	98.96	99.06	99.39	98.15	97.70
		Percent Collected Excluding Motor Vehicles Group weighted average	97.18	96.47	96.77	97.36	97.36	97.10
		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	85.12	85.00	84.88	82.88	87.01	85.27
		Percent Collected Motor Vehicles Only Group weighted average	84.33	81.89	83.96	83.47	81.48	82.58
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	28,773	26,706	30,948	28,502	26,445	26,859
		Tax Rate Equivalent	0.0357	0.0347	0.0541	0.0600	0.0751	0.0723
		Dominant County: Cumberland
	Debt Information
		Population Group	1,000 to 2,499	500 to 999	500 to 999	500 to 999	500 to 999	500 to 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	$825,100	839,800	854,000	867,200	879,900	892,100
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	825,100	839,800	854,000	867,200	879,900	892,100
		Per Capita	$803	866	1,031	1,072	1,292	1,314
		Total Per Capita for the Population Group	236	193	200	215	212	223
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	1.0258%	1.0897%	1.2207%	1.5710%	2.2395%	2.2210%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1642%	0.0895%	0.0813%	0.0884%	0.1085%	0.1673%
		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		1,028	970	828	809	681	679

1.5A	FISCAL	Governmental Activities Assets	977,757	966,268	1,001,381	875,296	852,264	799,199
1.5B	SUMMARY	Governmental Activities Liabilities	43,219	35,649	72,472	76,475	69,031	88,162
3.5A		Business Type Activities Assets	6,056,848	6,231,489	6,434,765	6,629,460	6,738,313	6,866,396
3.5B		Business Type Activities Liabilties	867,437	880,812	874,500	885,816	898,463	910,638
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	255,102	226,150	207,483	171,131	149,996	134,058
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	4,552	5,719	4,525	4,155	5,588	5,026
13.0		Penalties and Interest	1,992	1,730	2,111	1,553	1,728	1,405
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	629
16.0		1% Local Government Option Sales Tax	61,357	52,028	56,056	49,711
17.0		1/2% Local Government Option Sales Tax (40)	28,330	24,611	26,846	25,675
18.0		1/2% Local Government Option Sales Tax (42)	30,381	25,702	26,554	25,447	122,587	121,591
18.5		1/2% Local Government Option Sales Tax (44)	339	4,054	16,869	22,421
19.0		Privilege Licenses	908	2,690	2,318	3,044	3,695	1,983
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses	4,895	4,665	4,770	4,445	4,235	4,290
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	1,945	1,557	2,068	1,854	8,482	7,453
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax	194	137	181	1,435
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	23,482	16,232	6,643
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	53,314	52,643	50,968	50,766	33,679	25,503
45.0		Beer and Wine Tax
46.0		Powell Bill	27,527	24,646	27,466	27,577	24,722	25,098
50.0		Court Fees - Facilities and Arrest Fees
51.0		General Government
52.0		Public Safety
53.0		Transportation - Streets					28,761
54.0		Transportation - All Other		25,475	162,490	1,271	9,910
55.0		Environmental Protection	20,000					17,657
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
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection						2,083
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues					2,200
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services
86.0	UTILITY	Water and Sewer Charges	408,417	348,316	331,391	367,970	362,326	300,844
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	1,136	1,761	19,269	46,053	50,988	38,839
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets				2,501
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
98.0		Other Miscellaneous Revenues	8,988	9,993	5,350	6,097	295	38
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases				22,282		89,990
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	428	765	994	968	-682
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	6,136	7,509	8,451	9,710	6,275
109B	GENERAL	Governing Body - Other Direct					480	5,600
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	86,707	56,226	53,696	70,778	55,362	45,903
110B		Administration - Other Direct	39,881	43,846	39,412	43,957	57,223	49,410
110C		Administration - Construction
110D		Administration - Purchase of P,P&E	2,048	2,297	2,344	9,075
111A		Elections - Salaries & Wages
111B		Elections - Other Direct		1,497				869
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	4,000	3,578	3,285	2,739	2,425	2,170
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct	2,695	2,490	2,340	2,420	2,370	2,760
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct					4,460	3,407
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages
118B		Gen. Govt. All Other - Other Direct
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	67,980	63,158	60,065	58,071	43,183	42,577
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	77,970	78,558	74,479	49,689	20,232	16,816
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	4,050	2,539		22,282
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	76,845	57,119	47,027	41,762	36,676	33,890
122C		Fire - Construction
122D		Fire - Purchase of P,P&E
123A		Inspectors - Salaries & Wages
123B		Inspectors - Other Direct
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages
124B		Rescue Units - Other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E
125A		Animal Control - Salaries & Wages
125B		Animal Control - Other Direct
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E
126A		Pub. Safety All Other - Salaries & Wages
126B		Pub. Safety All Other - Other Direct
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
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	27,166	24,191	23,403	22,660	13,322	12,935
128B		Streets and Highways - Other Direct	28,882	31,130	28,512	26,048	34,434	23,733
128C		Streets and Highways - Construction		675	258,462	14,819	12,487
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	25,330	24,175	22,804		9,000	13,234
130B		Powell Bill - Other Direct	2,345	1,854	46,511	4,107	7,295	8,266
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	17,263	20,057	19,537	14,026	8,106	6,179
136B	MENTAL	Solid Waste - Other Direct	7,259	4,618	3,717	14,409	11,424	5,613
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E	41,128					89,990
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
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	2,258	1,765	2,592	3,021	1,720	8,489
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E			3,000
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	19,942	36,704	31,971	18,780	15,307	15,580
158B		Water & Sewer - Other Direct	318,160	293,907	263,369	239,105	261,419	157,754
158C		Water & Sewer - Construction						36,702
158D		Water & Sewer - Purchase of P,P&E			14,216	9,463
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	42,226	42,942	43,608	44,250	44,866	45,457
161D	SERVICE	Water & Sewer - Principal	14,700	14,200	13,200	12,700	12,200	36,700
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	62	853	1,798	2,465	2,436	2,208
166D		All Other - Principal	6,836	26,736	25,792	23,144	17,226	12,539
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	2,596	2,472	2,347	2,267	2,159	2,129
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	240,057.	207,432.00	184,431.00	149,159.00	131,742.00	116,078.00
180.0		Current year's levy -- Motor vehicles (only)	23,670.	24,553.00	29,208.00	27,599.00	24,009.00	24,192.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	5,103.	2,153.00	1,740.00	903.00	2,436.00	2,667.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	3,522	3,682	4,416	4,724	3,118	3,563
183.0	DATA	Percentage of Taxes Collected - All Property %	96.73	97.48	97.12	96.82	96.43	95.56
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	97.87	98.96	99.06	99.39	98.15	97.70
185.0		Percentage of Taxes Collected - Motor Vehicles %	85.12	85.00	84.88	82.88	87.01	85.27
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	1,022,641	1,043,719	1,058,270	1,185,802	1,095,715	981,342
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	933,488	923,601	1,088,358	835,388	856,981	775,858
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In		95,492	135,000		47,789
194D		Amount - Net Revenues	933,488	828,109	953,358	835,388	809,192	775,858
		Calculated amount	933,488	828,109	953,358	835,388	809,192	775,858
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	924,465	940,588	1,230,938	761,747	729,876	680,910
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out		95,492	135,000		47,789
195D		Amount - Net Expenditures	924,465	845,096	1,095,938	761,747	682,087	680,910
		Calculated amount	924,465	845,096	1,095,938	761,747	682,087	680,910
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					1,765,390,000
401B	Water /	Number of residential accounts billed Sewer					829
402A	Sewer	Amount processed and/or purchased in units Water	44	29	34,327,000	28,114	25,473,000,000
402B	Operations	Amount processed and/or purchased in units Sewer	28	33	19,799,000	18,821	27,054,000,000
403A		Total amount billed in units - Water	30	30	26,515,000	28,575	25,457,920,000
403B		Total amount billed in units - Sewer	22	22	19,799,000	18,821	15,892,677,000
404A		Of the total in 403A above how many units were Residential W	23	22	20,233,000	19,688	16,910,767,000
404B		Of the total in 403B above how many units were Residential S					2,189,700,000
405A		Of the total in 403 above, how many units were Outside Muni W					245,410,000
405B		Of the total in 403 above, how many units were Outside Muni S					1,765,390,000
406A		Of the total in 405A above how many units were Residential W					88,100,000
406B		Of the total in 405B above how many units were Residential S					2,715,883,000
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	174,271	148,728	141,747	143,696	130,003
408A		Dollars related to 403A above	208,111	173,413	169,802	159,708	142,290
408B		Dollars related to 403B above	145,027	123,234	108,167	99,005	97,012
409A		Dollars related to 404A above	181,569	154,611	129,491	121,040	103,728
409B		Dollars related to 404B above					12,043
410A		Dollars related to 405A above					25,750
410B		Dollars related to 405B above					12,043
411A		Dollars related to 406A above					25,750
411B		Dollars related to 406B above					8,148
412A		Dollars related to 407A above
412B		Dollars related to 407B above	502	482	462	453
421A		Number of residential accounts billed - Water	508	377	355	329
421B		Number of residential accounts billed - Sewer	69	70	69	72
422A		Number of non-residential & bulk accounts billed - Water	45	43	42	43
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Jennifer Wilson-Kersh
951.0		Title	Town Clerk
952.0		Date	10/12/2011	10/29/2010	10/31/2009	10/21/2008	09/25/2007	12/06/2006
953.0		Contact	Jennifer Wilson-Kersh
954.0		Title	Town Clerk
955.0		Phone	910-323-1892
956.0		Fax	910-323-4255
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	1,028	970	828	809	681	679
Population Group	No Electric 1,000 to 2,499	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 999	No Electric 500 to 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	34	275	277	274	258	215
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%	108.37%	108.99%	108.37%	108.05%	109.50%
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%	-8.37%	-8.99%	-8.37%	-8.05%	-9.50%
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%	1.06%	5.05%	4.83%	8.65%	8.02%
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%	0.62%	0.69%	0.94%	4.11%	5.64%
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%	28.10%	44.73%	20.28%	46.94%	46.03%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	11.48	10.73	17.85	19.93	18.21	16.79
Group Weighted Average	3.96	3.46	3.30	2.93	2.76	3.51
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	62.5	55.9	47.5	49.0	47.0
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	602.4	648.8	600.1	591.3	635.4
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$55,163	38,617	36,240	107,913	83,099	127,055

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.27	0.12	0.12	0.13	0.14	0.15
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	273	283	311	316	288
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
	$585,300	707,055	225,901	1,090,728

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	767	NA
Estimated population of the areas served Sewer	0	0	0	0	829	NA

Number of Gallons of Water Processed (000) omitted	44	29	34,327,000	28,114	25,473,000,000	NA
Number of Gallons of Sewage Processed (000) omitted	28	33	19,799,000	18,821	27,054,000,000	NA

Number of Gallons of Water Billed (000) omitted	30	30	26,515,000	28,575	25,457,920,000	NA
Number of Gallons of Sewage Billed (000) omitted	22	22	19,799,000	18,821	15,892,677,000	NA

Ratio of Water Billed to Water Processed	0.67973	1.02528	0.77242	1.01640	0.99941	NA
Ratio of Sewage Billed to Sewage Processed	0.78726	0.64904	1.00000	1.00000	0.58744	NA

Total Revenue from Water Sales	174,271	148,728	141,747	143,696	130,003	NA
Total Revenue from Sewage Sales	208,111	173,413	169,802	159,708	142,290	NA

Water Revenue per 1000 gallons of Sales					169.49544	NA
Sewage Revenue per 1000 gallons of Sales					171.64053	NA

Group Average Sales per thousand Gallons Water	$0.00016	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
Group Average Sales per thousand Gallons Sewage	$0.00023	$48.57325	$47.83284	$11,816.81710	$3,994.76021	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	$6,366.41791	5,568.63986	0.00535	5.02870	0.00001	NA
Residential Sewage Sales per thousand Gallons	$10,339.92027	9,052.16628	0.00858	8.48570	0.00001	NA

Water Sales per thousand Gallons outside Municipal Limits					0.00001	NA
Sewage Sales per thousand Gallons outside Municipal Limits					0.00010	NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	8,148.00000	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 %	135.87%	135.10%	63.28%	104.85%	0.00%
Group average FBA %	100.61%	88.65%	103.21%	100.58%	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%	100.61%	37.47%	29.01%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 96.43% 96.82% 97.12% 97.48% 96.73%

Pop. Group 96.02% 96.16% 95.59% 95.20% 96.53%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 500 to 999

	2007	2008	2009	2010	2011
Municipality	96.43%	96.82%	97.12%	97.48%	96.73%
Pop. Group	96.02%	96.16%	95.59%	95.20%	96.53%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 500 to 999

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2007 2008 2009 2010 2011

Municipality 1,292 1,072 1,031 866 803

Pop. Group 212 215 200 193 236

Statewide 478 456 455 449 450

Municipal Population Group: 500 to 999

	2007	2008	2009	2010	2011
Municipality	1,292	1,072	1,031	866	803
Pop. Group	212	215	200	193	236
Statewide	478	456	455	449	450

Municipal Population Group: 500 to 999

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2007 2008 2009 2010 2011

Property Tax $231 219 259 241 255

Utility 532 455 400 359 397

Sales Tax 180 152 153 110 116

Sales & Services 3 0 0 0 0

Intergovernmental 143 100 299 123 121

Debt Proceeds 0 8 6 10 9

Other Miscellaneous 99 99 34 11 9

Total $1,188 1,033 1,151 854 907

	2007	2008	2009	2010	2011
Property Tax	$231	219	259	241	255
Utility	532	455	400	359	397
Sales Tax	180	152	153	110	116
Sales & Services	3	0	0	0	0
Intergovernmental	143	100	299	123	121
Debt Proceeds	0	8	6	10	9
Other Miscellaneous	99	99	34	11	9
Total	$1,188	1,033	1,151	854	907

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2011
2011

Category Revenue
Per Capita

Property Tax $261,646
$255

Water/Sewer 0
0

Electric 408,417
397

Other Utilities 0
0

Sales Tax 120,407
116

Sales & Services 0
0

Intergovernment 124,517
121

Debt Proceeds 8,988
9

Miscellaneous 8,884
9

Total $932,859
$907

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

General Government $141,467
$138

Water/Sewer 0
0

Electric 338,102
329

Other Utilities 0
0

Debt Service 63,824
62

Transportation 83,723
81

Public Safety 229,441
223

Other 67,908
66

Total $924,465
$899

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $250,524
$244

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 47,226
46

Other Operating 626,715
609

Total $924,465
$899

Municipal Population Group: No Electric 500 to 999

Last Updated 2/7/2012 2:43:19 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$261,646	$255
Water/Sewer	0	0
Electric	408,417	397
Other Utilities	0	0
Sales Tax	120,407	116
Sales & Services	0	0
Intergovernment	124,517	121
Debt Proceeds	8,988	9
Miscellaneous	8,884	9
Total	$932,859	$907

Municipal Population Group: No Electric 500 to 999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Stedman

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Stedman