North Carolina
Department of State Treasurer
Financial Information
Town of Teachey

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 Duplin County Map Page

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2009	2008	2007	2006	2005	2004
	Revenues by Source
		Property Tax	$68,577	73,786	65,646	53,451	42,201	42,267
		Utility	156,525	134,118	120,819	104,044	67,306	67,796
		Sales Tax	67,645	68,774	60,739	49,409	41,476	39,417
		Sales & Services	26,462	22,295	16,685	14,005	-	-
		Intergovernmental	33,603	59,530	25,703	744,474	1,235,134	832,198
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	374,808	19,645	21,195	29,728	9,368	6,811
		Total	$727,620	378,148	310,787	995,111	1,395,485	988,489

	Expenditures by Function
		Utility	$689,989	124,731	89,771	63,836	40,778	108,949
		Debt Service	23,158	-	-	-	-	-
		Transportation	43,132	10,258	14,771	68,219	10,748	12,538
		General Government	95,119	87,868	123,113	76,246	75,165	67,367
		Public Safety	26,000	20,000	15,000	9,000	5,000	2,000
		Other	27,080	61,964	25,016	747,895	1,266,119	829,013
		Total	$904,478	304,821	267,671	965,196	1,397,810	1,019,867

	Expenditures by Object
		Salaries & Wages	$98,955	70,319	58,975	57,143	52,078	53,923
		Capital Outlay	581,980	77,603	-	738,634	1,254,283	899,106
		Other Operating + Debt Service	223,543	156,899	208,696	169,419	91,449	66,838
		Total	$904,478	304,821	267,671	965,196	1,397,810	1,019,867


	Per Capita Revenues by Source
		Property Tax	$164	180	176	159	168	170
		Utility	375	326	324	310	268	273
		Sales Tax	163	167	162	147	166	160
		Sales & Services	63	54	45	42	-	-
		Intergovernmental	81	145	69	2,216	4,921	3,356
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	899	48	57	88	37	27
		Total	$1,745	920	833	2,962	5,560	3,986

	Per Capita Expenditures by Function
		Utility	$1,655	303	241	190	162	439
		Debt Service	56	-	-	-	-	-
		Transportation	103	25	40	203	43	51
		General Government	228	214	330	227	300	271
		Public Safety	62	49	40	27	20	8
		Other	65	151	67	2,226	5,044	3,343
		Total	$2,169	742	718	2,873	5,569	4,112

	Per Capita Expenditures by Object
		Salaries & Wages	$237	171	158	170	207	217
		Capital Outlay	1,396	189	-	2,198	4,997	3,625
		Other Operating	536	382	560	505	365	270
		Total	$2,169	742	718	2,873	5,569	4,112

	Population Group		No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
		Number of Municipalites in Group	116	117	117	119	121	124
		Average Population In Group	261	260	259	260	262	266
		Town of Teachey Population	417	411	373	336	251	248
	Group Average Per Capita Revenues by Source
		Property Tax	417	506	464	472	449	472
		Utility	254	365	338	379	292	291
		Sales Tax	131	163	157	148	145	134
		Sales & Services	47	68	62	68	50	62
		Intergovernmental	530	538	464	331	618	491
		Debt Proceeds	71	66	58	274	13	96
		Other Miscellaneous	169	273	237	250	212	230
		Total	1,619	1,979	1,780	1,922	1,779	1,776

	Group Average Per Capita Expenditures by Function
		Utility	594	851	468	528	445	399
		Debt Service	66	134	82	175	151	82
		Transportation	104	204	145	154	172	151
		General Government	303	311	293	305	288	295
		Public Safety	217	254	212	239	212	252
		Other	239	348	482	291	528	402
		Total	1,523	2,102	1,682	1,692	1,796	1,581

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	322	400	361	369	327	348
		Capital Outlay	581	816	448	500	456	500
		Other Operating	620	886	873	823	1,013	733
		Total	1,523	2,102	1,682	1,692	1,796	1,581


General Fund Go to top of page			2009	2008	2007	2006	2005	2004
	General Fund revenues		$216,991	235,556	183,462	163,093	106,976	102,313
	General Fund expenditures		191,331	180,090	177,900	176,211	102,749	91,529
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		25,660	55,466	5,562	(13,118)	4,227	10,784

	Fund balance available (FBA):
		In dollars	$395,677	371,036	316,306	309,389	325,090	350,152
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	206.80	206.03	177.80	175.58	316.39	382.56
		Group weighted average FBA %	121.81	116.82	119.65	123.14	110.05	128.31
		State weighted average Non-Electric Group	37.77	36.63	37.38	37.38	36.82	36.42
		State weighted average FBA %	37.00	36.34	36.55	36.96	36.78	36.35


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	($44,375)	175,449	157,555	119,583	76,191	83,222
		Quick ratio	0.26	4.73	4.74	3.98	2.97	12.95
		Net income	(52,508)	(28,367)	(50,937)	679,691	1,235,085	833,600
		Cashflow from operations	36,820	55,313	34,007	39,307	26,822	27,916
		Depreciation & Amortization Expense	88,395	88,491	88,491	88,491	12,646	12,646



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

		Population at July 1st of the Previous Year	417	411	373	336	251	248
		Population Group	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
		Cash &Investments	$401,280	590,648	516,134	467,083	435,395	435,889
		Investment Earnings	15,147	18,379	19,235	10,970	7,578	5,582
		Tax Rate Equivalent	0.0891	0.1109	0.1327	0.0969	0.0826	0.0606
		Tax Rate Equivalent Group weighted average	0.0138	0.0403	0.0513	0.0318	0.0173	0.0098
		Tax Rate Equivalent Statewide weighted average	0.0133	0.0524	0.0920	0.0573	0.0415	0.0340
		Latest year of Revaluation		2001	2001	2001	2001	2001
		January 1, Prior Year Assessed Valuation	$17,009,436	16,566,341	14,494,169	11,324,296	9,171,906	9,211,977
		Tax Rate	0.4500	0.4500	0.4500	0.4500	0.4500	0.4500
		Tax Rate Group weighted average	0.2821	0.2676	0.3651	0.3049	0.3181	0.3240
		Tax Rate State Wide	0.4267	0.4243	0.4452	0.4321	0.4448	0.4566
		Assessment -to-Sales Ratio	78.00	71.00	84.91	85.09	89.51	91.61
		Assessment -to-Sales Ratio Group weighted average	86.15	87.73	75.64	81.67	87.64	94.38
		Assessment -to-Sales Ratio Statewide	90.81	88.52	88.41	92.28	92.35	92.18
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$21,806,969	23,332,875	17,070,038	13,308,610	10,246,795	10,055,646
		EffectiveTax Rate	0.3510	0.3195	0.3821	0.3829	0.4028	0.4122
		Group weighted average Effective Tax Rate	0.2430	0.2348	0.2762	0.2490	0.2788	0.3058
		Statewide weighted average Effective Tax Rate	0.3875	0.3756	0.3936	0.3987	0.4108	0.4209
		Percent Collected	91.67	97.88	98.97	98.85	95.86	98.10
		Percent Collected Group weighted average	96.11	96.32	97.25	97.71	97.79	97.61
		Percent Collected Statewide	97.78	97.64	97.59	97.55	97.42	97.31
		Percent Collected Excluding Motor Vehicles	97.14	97.82	99.90	98.60	95.62	97.79
		Percent Collected Excluding Motor Vehicles Group weighted average	96.69	97.12	97.74	98.29	98.48	98.56
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.31	98.65	98.59	98.61	98.36	98.39
		Percent Collected Motor Vehicles Only	61.47	98.24	94.64	100.00	96.91	100.00
		Percent Collected Motor Vehicles Only Group weighted average	82.93	84.77	83.59	84.25	84.13	83.38
		Percent Collected Motor Vehicles Only Statewide weighted average	86.66	86.74	86.71	86.80	87.31	87.46
		Tax Uncollected	4,478	1,587	672	602	1,795	794
		Tax Rate Equivalent	0.0263	0.0096	0.0046	0.0053	0.0196	0.0086
		Dominant County: Duplin
	Debt Information
		Population Group	Under 500	Under 500	Under 500	Under 500	Under 500	Under 500
		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	161	155	201	217	236	300
		Total Per Capita Statewide	455	456	478	495	505	548
		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	0.0782%	0.0794%	0.1282%	0.1208%	0.1597%	0.2110%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.3909%	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$335,783	0	0	0	0	0
		--General Government	0	0	0	0	0	0
		Total*	$335,783	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	2009	2008	2007	2006	2005	2004
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		417	411	373	336	251	248

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	514,044	492,871	422,190	434,118	448,552	458,545
1.5B	FISCAL	Governmental Activities Liabilities	2,347	8,447	10,427	8,804	3,547	3,761
3.5A	SUMMARY	Business Type Activities Assets	3,414,727	3,134,098	3,157,761	3,206,188	2,553,704	1,288,105
3.5B		Business Type Activities Liabilties	350,958	17,821	13,117	10,607	37,814	7,300
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets
9B		General Long term debt - Liabilities
10	PART 2	Current collections of unit-wide levy	68,053	73,155	64,743	51,756	41,252	40,965
11	TAX	Current collection of special tax districts	7,314
12	REVENUES	Prior years' levy collections			418	1,231	765	1,033
13		Penalties and interest	524	631	485	464	184	269
14		Collection of taxes previously written off
15		Animal tax
15.1		Solid Waste Disposal Tax
16		1% Local government sales and use tax	21,409	19,461	17,032	14,948	14,118	12,361
17		1/2% Local government sales and use taxes (Article 40)	19,050	18,577	16,436	12,778	10,006	12,527
18		1/2% Local government sales and use taxes (Article 42)	18,942	18,491	16,362	12,729	9,958	12,424
18.5		1/2% Local government sales and use taxes (Article 44)	8,244	12,245	10,909	8,954	7,394	2,105
19		Licenses Privilege
19.1		Privilege - Occupational & business licensing & permit taxes
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	271	318	1,139	1,313	1,391	1,037
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax				27,444	98,738	154,716
34		Housing/community development
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues	3,994
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	14,209	19,561	11,913	6,618	6,472	6,147
45		Beer and Wine tax
46		Powell Bill	15,400	16,294	13,790	12,707	9,179	8,329
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees
51		General Government
52		Public safety
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection				697,705	1,120,745	663,006
56		Econ. & Phys. Dev. - Housing/Comm. Dev.
57		Econ. & Phys. Dev. - All Other
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation		23,675
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits	950
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties
76		Airport
77		Fire protection charges
78		Solid waste	26,462	22,295	16,685	14,005
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services
86	UTILITY	Water and sewer charges	156,525	134,118	120,819	104,044	67,306	67,796
87	REVENUES	Electric charges
88		Gas charges
88.1		Storm Water Fees
89	MISC.	On bond proceeds
90	REVENUES	On general and all other funds	15,147	18,379	19,235	10,970	7,578	5,582
91		Special assessments
92		Private contribution and donations				15,000
93		Sales of materials and fixed assets
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution
98		Other miscellaneous revenues	1,126	948	821	2,445
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases
101		Other	350,000				399	192
102	NON-REV	Supplemental schools taxes - current levy collections
103	RECEIPTS	Prior years' levy collections
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits	2,453	-125	970	1,213	1,527	401
106		Deposits other than utility
107		Prepaid taxes	-1,521	1,235	40	-418	497	-431
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	4,800	4,455	3,750	3,580	3,110	2,795
109B	GENERAL	Governing body - All other Direct	10,813	7,478	54,399	11,293	15,207	12,619
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	49,855	39,457	32,840	32,145	29,814	27,405
110B		Administration - All other Direct	26,263	32,823	28,683	21,143	19,291	16,303
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures						5,763
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct		1,622		1,264		1,183
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct	3,388	2,033	3,441	6,821	7,743	1,299
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries
119B	SAFETY	Police and Communications - All other Direct
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries
122B		Fire - All other Direct	26,000	20,000	15,000	9,000	5,000	2,000
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries
126B		Public Safety All Other - All other Direct
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	8,852
128B		Streets and Highways - All other Direct	34,280	10,258	11,508	5,777	7,049	6,333
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures				13,485
129A		Street Cleaning - Salaries
129B		Street Cleaning - All other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures
130A		State Street Aid Allocation - Powell Bill - Salries
130B		State Street Aid Allocation - Powell Bill - All other Direct			3,263	48,957	3,699	305
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures						5,900
131A		Parking Facilities - Salaries
131B		Parking Facilities - All other Direct
131C		Parking Facilities - Construction
131D		Parking Facilites - Land, Equipment, and Existing Structures
132A		Mass Transit - City - Salaries
132B		Mass Transit - City - All other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Land, Equipment, and Existing Structures
133B		Mass Transit - Private - All other Direct only
134A		Airport - Salaries
134B		Airport - All other Direct
134C		Airport - Construction
134D		Airport - Land, Equipment, and Existing Structures
135A		Transportation - All Other - Salaries
135B		Transportation - All Other - All other Direct
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct	22,485	26,624	23,350	22,746	11,836	9,624
136C	PROTECTION	Solid Waste - Construction				725,149	1,254,283	819,389
136D		Solid Waste - Land, Equipment, and Existing Structures
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - All other Direct
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries
153B	RECREATION	Recreation and Parks - All other Direct			1,666
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	4,595	35,340
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	35,448	26,407	22,385	21,418	19,154	23,723
158B		Water and Sewer - All other Direct	77,156	56,061	67,386	42,418	21,624	17,172
158C		Water and Sewer - Construction	577,385	42,263				68,054
158D		Water and Sewer - Land, Equipment, and Existing Structures
159A		Electric Power - Salaries
159B		Electric Power - All other Direct
159C		Electric Power - Construction
159D		Electric Power - Land, Equipment, and Existing Structures
160A		Natural Gas - Salries
160B		Natural Gas - All other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Land, Equipment and Existing Structures
160.1A		Storm water salaries
160.1B		Storm water other operating
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures
161B	DEBT	Water and Sewer - Debt Service Interest Payments
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	23,158
162B		Electric - Debt Service Interest Payments
162D		Electric - Debt Service Principal Payments
163B		Gas - Debt Service Interest Payments
163D		Gas - Debt Service Principal Payments
164B		School - Debt Service Interest Payments
164D		School - Debt Service Principal Payments
165B		Hospital - Debt Service Interest Payments
165D		Hospital - Debt Service Principal Payments
166B		All Other - Debt Service Interest Payments
166D		All Other - Debt Service Principal Payments
167B	PENSION	Direct Benefit Program - Pension Fund operated by the Unit
168B	FRINGE	Fringe Benefits Unallocated - (B)
169B		Separation Allowance - Law Enforcement Officers -(B)
170B		Separation Allowance - Other Employees - (B)
171B		Supplemental Retirement Income Plan for Law Enforcement Officers - (B)
172B		Fringe Benefits Other - (B)
173A		Multi-County Library District, County, or Other Municipality Authority
173B	INTERGOV	Multi-County Library District, County, or Other Municipality (Item number)
173C	EXPEND	Multi-County Library District, County, or Other Municipality (Amount)
174A		General Governmental Actitivies shared with the County (County)
174B		General Governmental Actitivies shared with the County (Item number)
174C		General Governmental Actitivies shared with the County (Amount)
175A		Highways (Payments to State) (State)
175B		Highways (Payments to State) (Item number)
175C		Highways (Payments to State) (Amount)
176A		Others - Name of Payee #1
176B		Others - 1 (B)
176C		Others - 1 (C)
177A		Others - Name of Payee #2
177B		Others - 2 (B)
177C		Others - 2 (C)
178A		Others - Name of Payee #3
178B		Others - 3 (B)
178C		Others - 3 (C)
179	PART 6	Current Year Levy Excluding Motor Vehicles	62,853	62,706	53,932	42,888	35,286	36,001
180	OTHER	Current Year Levy Motor Vehicles Only	11,382	12,295	11,483	9,470	8,058	5,846
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	1,796	1,370	56	602	1,546	794
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	4,386	217	616		249
183		Percentage of Taxes Collected - Current Year All Property	91.67	97.88	98.97	98.85	95.86	98.10
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	97.14	97.82	99.90	98.60	95.62	97.79
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	61.47	98.24	94.64	100.00	96.91	100.00
186		Total Amount of Expenditures for Salaries and Wages to Unit's Own Personnal
187A		Capital Reserve or Available Funds - Schools - July 1, Previous Year
187B		Capital Reserve or Available Funds - Schools - June 30, Current Year
188A		Capital Reserve or Available Funds - Hospitals - July 1, Previous Year
188B		Capital Reserve or Available Funds - Hospitals - June 30, Current Year
189A	PART 7	Cash on Hand and in Bank, and Securities - Held in Debt Service Fund
189B	CASH &	Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds
189C	INVEST	Cash on Hand and in Bank, and Securities - All Other	401,280	590,648	516,134	467,083	435,395	435,889
190A	PART	Appropriations made during the fiscal year pursuant to subsections b (1- 7)
190B	8	Expenditures made during the fiscal year pursuant to subsections b (1- 7)
191		Investment in Property Acquired at any time under G.S. 158
192		Amount Expended during the fiscal year pursuant to subsections b (5) and b (7)
193		Amount of Tax Revenues taken into account under G.S.
194A	PART 9	Amounts - Total Revenues and other financing sources per audit	727,620	378,148	310,787	995,111	1,395,485	988,489
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in
194D		Amounts - Net Revenues per AFIR	727,620	378,148	310,787	995,111	1,395,485	988,489
		Calculated amount	727,620	378,148	310,787	995,111	1,395,485	988,489
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	904,478	304,821	267,671	965,196	1,397,810	1,019,867
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out
195D		Amounts Net Expenditures per AFIR	904,478	304,821	267,671	965,196	1,397,810	1,019,867
		Calculated amount	904,478	304,821	267,671	965,196	1,397,810	1,019,867
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Kaye Foster
951		Title of Official	Town Administrator
952		Date Certified	10/27/2009	10/24/2008	10/09/2007
953		Person to Contact	Kaye Foster
954		Title of Person to Contact	Town Administrator
955		Telephone Number	(910) 285-7564
956		Facsimile Number	(910) 285-9118

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

	2009	2008	2007	2006	2005	2004

Population	417	411	373	336	251	248
Population Group	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
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	0	15	2	0	44	6
State Weighted Average Revenues Per Capita	2	20	12	15	16	3

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	72.90%	104.20%	#DIV/0!	6.43%	287.79%
State Weighted Average	287.00%	89.94%	84.21%	104.54%	119.75%	338.51%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	27.10%	-4.20%	#DIV/0!	93.57%	-187.79%
State Weighted Average	-187.00%	10.06%	15.79%	-4.54%	-19.75%	-238.51%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	-20.51%	0.00%	#DIV/0!	0.00%	0.00%
State Weighted Average	0.00%	-0.70%	-0.66%	-1.84%	-2.09%	5.70%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	#DIV/0!	2558.99%	22041.01%	#DIV/0!	1247.98%	5241.12%
State Weighted Average	968.20%	480.53%	1193.75%	778.98%	531.01%	2097.68%

Key Ratios and Cash Flow

Quick Ratio	0.26	4.73	4.74	3.98	2.97	12.95
Group Weighted Average	2.88	2.95	2.93	2.91	1.94	2.91
State Weighted Average	2.81	2.96	2.90	2.82	1.82	2.76

Days Sales in Receivables	N/A	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	#DIV/0!	29.7	#DIV/0!	#DIV/0!	0.0	35.4
State Weighted Average	47.3	60.7	42.6	87.6	97.7	61.5

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	0.0	-80.4	0.0	0.0	0.0	-16.4
State Weighted Average	-46.5	-344.5	-221.9	-343.5	-346.7	-208.8

Cash flow from Operations	$36,820	55,313	34,007	39,307	26,822	27,916

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.00	0.29	0.01	1.73	0.11	0.19
State Weighted Average	27.79	3.77	5.74	3.82	2.36	3.93

Debt per Capita	0	0	0	0	0	0
Group Weighted Average	0	65	9	114	50	18
State Weighted Average	754	535	335	660	675	266

Capital Expenditures:	2009	2008	2007	2006	2005	2004
	$577,385	42,263	0	0	0	68,054

	2003	2002	2001	2000
	$0	0	0	0

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


Operating Statistics

Estimated population of the areas served Water	0	0	450	NA	NA	NA
Estimated population of the areas served Sewer	0	0	450	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	24,000,000	8,823	8,244	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	36,500,000	11,177	10,954	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	12,337,600	9,418	10,241	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	9,436,322	7,054	7,278	NA	NA	NA

Ratio of Water Billed to Water Processed	0.51407	1.06744	1.24224	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.25853	0.63112	0.66441	NA	NA	NA

Total Revenue from Water Sales	72,990	58,485	54,860	NA	NA	NA
Total Revenue from Sewage Sales	52,960	47,725	49,502	NA	NA	NA

Water Revenue per 1000 gallons of Sales			121.91111	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			110.00444	NA	NA	NA

Group Average Sales per thousand Gallons Water	$19.73896	$3,526.31757	$3,934.54117	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$17.56449	$2,331.22681	$2,500.46314	NA	NA	NA

State Average Sales per thousand Gallons Water	$28.47236	$12,972.02948	$5,350.70834	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$41.46915	$10,319.10819	$3,921.08643	NA	NA	NA

Residential Water Sales per thousand Gallons	$0.00592	6.20992	5.35658	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$0.00561	6.76566	4.54086	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits			5.35614	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits			20.96706	NA	NA	NA

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

	2005	2006	2007	2008	2009
Unit's FBA %	316.39%	175.58%	177.80%	206.03%	206.80%
Group average FBA %	110.05%	123.14%	119.65%	116.82%	121.81%
State average Electric/Non Electric Group FBA %	36.82%	37.38%	37.38%	36.63%	37.77%
State average FBA %	36.78%	36.96%	110.05%	36.34%	37.00%

Municipal Population Group: No Electric 499 and Below

Go to top of page

2005 2006 2007 2008 2009

Municipality 95.86% 98.85% 98.97% 97.88% 91.67%

Pop. Group 97.79% 97.71% 97.25% 96.32% 96.11%

Statewide 97.42% 97.55% 97.59% 97.64% 97.78%

Municipal Population Group: No Electric 499 and Below

	2005	2006	2007	2008	2009
Municipality	95.86%	98.85%	98.97%	97.88%	91.67%
Pop. Group	97.79%	97.71%	97.25%	96.32%	96.11%
Statewide	97.42%	97.55%	97.59%	97.64%	97.78%

Municipal Population Group: No Electric 499 and Below

Go to top of page

2005 2006 2007 2008 2009

Municipality 0 0 0 0 0

Pop. Group 236 217 201 155 161

Statewide 505 495 478 456 455

Municipal Population Group: Under 500

	2005	2006	2007	2008	2009
Municipality	0	0	0	0	0
Pop. Group	236	217	201	155	161
Statewide	505	495	478	456	455

Municipal Population Group: Under 500

Go to top of page

2005 2006 2007 2008 2009

Property Tax $168 159 176 180 164

Utility 268 310 324 326 375

Sales Tax 166 147 162 167 163

Sales & Services 0 42 45 54 63

Intergovernmental 4,921 2,216 69 145 81

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 37 88 57 48 899

Total $5,560 2,962 833 920 1,745

	2005	2006	2007	2008	2009
Property Tax	$168	159	176	180	164
Utility	268	310	324	326	375
Sales Tax	166	147	162	167	163
Sales & Services	0	42	45	54	63
Intergovernmental	4,921	2,216	69	145	81
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	37	88	57	48	899
Total	$5,560	2,962	833	920	1,745

Go to top of page

2009
2009

Category Revenue
Per Capita

Property Tax $68,577
$164

Water/Sewer 156,525
375

Electric 0
0

Other Utilities 0
0

Sales Tax 67,645
163

Sales & Services 26,462
63

Intergovernment 33,603
81

Debt Proceeds 0
0

Miscellaneous 374,808
899

Total $727,620
$1,745

Municipal Population Group: No Electric 499 and Below

Go to top of page

2009
2009

Category Expenditures
Per Capita

General Government $95,119
$228

Water/Sewer 689,989
1,655

Electric 0
0

Other Utilities 0
0

Debt Service 23,158
56

Transportation 43,132
103

Public Safety 26,000
62

Other 27,080
65

Total $904,478
$2,169

Municipal Population Group: No Electric 499 and Below

Go to top of page

2009
2009

Category Expenditures
Per Capita

Salaries & Wages $98,955
$237

Water/Sewer Capital 577,385
1,385

Electric Capital 0
0

Other Capital 4,595
11

Other Operating 223,543
536

Total $904,478
$2,169

Municipal Population Group: No Electric 499 and Below

Last Updated 6/11/2010 10:33:46 AM



	2009	2009
Category	Revenue	Per Capita
Property Tax	$68,577	$164
Water/Sewer	156,525	375
Electric	0	0
Other Utilities	0	0
Sales Tax	67,645	163
Sales & Services	26,462	63
Intergovernment	33,603	81
Debt Proceeds	0	0
Miscellaneous	374,808	899
Total	$727,620	$1,745

Municipal Population Group: No Electric 499 and Below

North CarolinaDepartment of State TreasurerFinancial InformationTown of Teachey

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Teachey