North Carolina
Department of State Treasurer
Financial Information
Town of Weaverville

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

Institute of Government North Carolina Cities Web Site

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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	$2,603,095	2,485,116	2,403,512	2,319,419	2,384,773	1,811,049
		Utility	1,629,857	1,492,997	1,451,782	1,527,942	1,619,147	1,545,498
		Sales Tax	798,946	774,228	957,261	942,066	864,212	680,501
		Sales & Services	1,058,215	1,112,094	1,189,665	1,175,777	1,162,140	967,770
		Intergovernmental	590,082	446,163	543,911	431,680	356,769	312,616
		Debt Proceeds	15,192	19,766	74,779	49,156	37,964	51,271
		Other Miscellaneous	218,853	509,784	1,682,443	405,362	568,566	3,887,842
		Total	$6,914,240	6,840,148	8,303,353	6,851,402	6,993,571	9,256,547

	Expenditures by Function
		Utility	$1,238,468	1,217,438	1,721,008	1,429,317	1,159,511	1,237,599
		Debt Service	933,840	989,379	984,196	838,517	857,832	1,001,300
		Transportation	686,803	449,838	555,786	535,578	1,018,258	554,502
		General Government	712,408	677,745	764,288	677,235	558,259	537,176
		Public Safety	2,734,604	3,665,945	3,511,046	3,224,523	4,537,306	2,013,260
		Other	717,662	716,291	548,608	458,298	552,196	491,150
		Total	$7,023,785	7,716,636	8,084,932	7,163,468	8,683,362	5,834,987

	Expenditures by Object
		Salaries & Wages	$3,832,369	3,580,113	2,716,245	2,337,827	2,221,334	2,011,556
		Capital Outlay	574,355	1,236,131	2,004,601	1,837,128	3,496,682	882,693
		Other Operating + Debt Service	2,617,061	2,900,392	3,364,086	2,988,513	2,965,346	2,940,738
		Total	$7,023,785	7,716,636	8,084,932	7,163,468	8,683,362	5,834,987


	Per Capita Revenues by Source
		Property Tax	$709	749	744	721	827	638
		Utility	444	450	449	475	562	544
		Sales Tax	216	233	297	294	301	239
		Sales & Services	288	335	368	366	403	341
		Intergovernmental	161	134	168	134	124	110
		Debt Proceeds	4	6	23	15	13	18
		Other Miscellaneous	60	154	521	126	197	1,369
		Total	$1,882	2,061	2,570	2,131	2,427	3,259

	Per Capita Expenditures by Function
		Utility	$337	367	533	445	402	436
		Debt Service	254	298	305	261	298	353
		Transportation	187	136	172	167	353	195
		General Government	194	203	235	209	194	189
		Public Safety	745	1,105	1,087	1,003	1,574	709
		Other	195	216	170	143	192	173
		Total	$1,912	2,325	2,502	2,228	3,013	2,055

	Per Capita Expenditures by Object
		Salaries & Wages	$1,043	1,079	841	727	771	708
		Capital Outlay	156	372	620	571	1,213	311
		Other Operating	713	874	1,041	930	1,029	1,036
		Total	$1,912	2,325	2,502	2,228	3,013	2,055

	Population Group		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	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Number of Municipalites in Group	140	122	120	120	124	123
		Average Population In Group	4,847	4,664	4,697	4,793	4,727	4,663
		Town of Weaverville Population	3,673	3,319	3,231	3,215	2,882	2,840
	Group Average Per Capita Revenues by Source
		Property Tax	349	342	346	336	310	306
		Utility	757	323	315	313	317	332
		Sales Tax	124	125	144	160	159	152
		Sales & Services	140	85	82	78	76	71
		Intergovernmental	262	198	179	175	172	159
		Debt Proceeds	94	53	152	111	24	28
		Other Miscellaneous	149	120	157	179	229	189
		Total	1,875	1,246	1,375	1,352	1,287	1,237

	Group Average Per Capita Expenditures by Function
		Utility	607	419	414	370	332	305
		Debt Service	86	103	100	102	96	98
		Transportation	98	95	95	110	111	112
		General Government	173	179	185	169	159	156
		Public Safety	321	323	318	318	310	280
		Other	273	220	219	230	235	209
		Total	1,558	1,339	1,331	1,299	1,243	1,160

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	480	431	429	414	405	390
		Capital Outlay	245	325	317	279	252	205
		Other Operating	832	583	585	606	584	564
		Total	1,557	1,339	1,331	1,299	1,241	1,159


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$5,264,071	5,300,784	5,418,064	5,233,550	5,167,912	4,098,230
	General Fund expenditures		5,509,533	6,205,889	6,061,448	4,405,969	4,742,330	3,647,720
	Operating transfers in		-	249,338	-	-	-	-
	Operating transfers out		-	-	-	-	-	723,455
	Capital leases and installment purchase proceeds		-	-	1,360,000	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(245,462)	(655,767)	716,616	827,581	425,582	(272,945)

	Fund balance available (FBA):
		In dollars	$0	4,831,920	5,447,443	4,756,327	3,969,260	3,569,431
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	77.86	115.87	107.95	83.70	81.66
		Group weighted average FBA %	89.18	67.39	70.26	65.07	64.31	62.32
		State weighted average Non-Electric Group	38.21	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	38.21	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$2,233,955	2,085,181	2,043,708	2,536,734	2,660,469	2,423,294
		Quick ratio	7.88	7.68	5.98	7.90	7.97	9.04
		Net income	(109,752)	(146,344)	(277,821)	(68,893)	88,928	38,542
		Cashflow from operations	363,133	196,023	161,304	352,256	549,964	517,005
		Depreciation & Amortization Expense	343,182	346,045	337,515	323,301	324,790	329,465



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

		Population at July 1st of the Previous Year	3,673	3,319	3,231	3,215	2,882	2,840
		Population Group	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	No Electric 2,500 to 9,999	No Electric 2,500 to 9,999
		Cash &Investments	$7,169,886	$7,104,100	$8,230,074	$7,852,414	$8,707,396	$9,859,643
		Investment Earnings	47,976	98,368	242,578	349,711	485,367	269,581
		Tax Rate Equivalent	0.0067	0.0152	0.0367	0.0490	0.0874	0.0646
		Tax Rate Equivalent Group weighted average	0.0031	0.0055	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	2006	2006	2006	2006	2006	2002
		January 1, Prior Year Assessed Valuation	$719,554,155	647,644,102	660,087,263	713,168,479	555,149,501	417,364,186
		Tax Rate	0.3550	0.3550	0.3650	0.3800	0.4300	0.4300
		Tax Rate Group weighted average	0.2906	0.2552	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	93.53	93.56	83.60	87.40	98.91	82.61
		Assessment -to-Sales Ratio Group weighted average	101.72	102.84	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	$769,329,793	692,223,281	789,578,066	815,982,241	561,267,315	505,222,353
		EffectiveTax Rate	0.3320	0.3321	0.3051	0.3321	0.4253	0.3552
		Group weighted average Effective Tax Rate	0.2956	0.2624	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	99.5800	99.3600	99.6500	99.7700	99.8300	99.5600
		Percent Collected Group weighted average	96.53	95.40	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	99.74	99.48	99.79	99.92	99.98	99.96
		Percent Collected Excluding Motor Vehicles Group weighted average	97.29	97.43	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	95.71	96.20	96.35	96.62	96.77	93.05
		Percent Collected Motor Vehicles Only Group weighted average	84.83	85.60	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	104,612	99,435	100,040	109,151	109,059	106,355
		Tax Rate Equivalent	0.0145	0.0154	0.0152	0.0153	0.0196	0.0255
		Dominant County: Buncombe
	Debt Information
		Population Group	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999	2,500 to 4,999
		Ratings:
		Fitch
		Moody's		Aa3	A2	A2	A2	A2
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	3,175,000	3,285,000	3,390,000	3,490,000	3,590,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	3,175,000	3,285,000	3,390,000	3,490,000	3,590,000
		Per Capita	$0	957	1,017	1,054	1,211	1,264
		Total Per Capita for the Population Group	#N/A	107	158	152	149	162
		Total Per Capita Statewide	#N/A	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.4587%	0.4160%	0.4155%	0.6218%	0.7106%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	#N/A	0.0809%	0.1078%	0.1101%	0.1223%	0.1565%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	#N/A	0.4104%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt	$0

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	0	3,264,781	3,697,943	4,131,105	4,564,267	4,997,429
		Total*	$0	3,264,781	3,697,943	4,131,105	4,564,267	4,997,429
		* 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		3,673	3,319	3,231	3,215	2,882	2,840

1.5A	FISCAL	Governmental Activities Assets	15,767,962	15,910,280	16,135,870	14,165,238	13,901,978	12,188,737
1.5B	SUMMARY	Governmental Activities Liabilities	4,637,301	4,791,843	5,455,019	4,419,871	5,345,963	5,155,014
3.5A		Business Type Activities Assets	12,132,272	12,314,341	12,674,238	13,047,841	13,256,622	13,214,294
3.5B		Business Type Activities Liabilties	3,343,168	3,415,485	3,629,037	3,724,819	3,864,707	3,911,307
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	2,577,846	2,439,501	2,385,558	2,312,159	2,380,894	1,807,040
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	13,485	1,439	5,891	2,459	491	508
13.0		Penalties and Interest	11,764	44,176	12,063	4,801	3,388	3,501
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax	377,085	439,623	469,983	436,952	403,901	321,376
17.0		1/2% Local Government Option Sales Tax (40)	140,355	139,763	174,336	167,667	152,088	117,361
18.0		1/2% Local Government Option Sales Tax (42)	180,645	158,330	171,660	165,496	150,107	115,993
18.5		1/2% Local Government Option Sales Tax (44)	100,861	36,512	141,282	171,951	158,116	125,771
19.0		Privilege Licenses	107,558	13,218	4,788	4,743	4,678	4,298
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
30.0		Public Safety	40,992	54,098	60,699
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	4,191
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	424,340	294,354	295,350	266,548	249,522	212,363
45.0		Beer and Wine Tax	17,057	4,608	14,438	13,270	12,741	10,873
46.0		Powell Bill	103,502	90,657	102,307	106,993	93,064	86,770
50.0		Court Fees - Facilities and Arrest Fees
51.0		General Government			2,000
52.0		Public Safety		1,586		44,869	1,442	2,610
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection			69,117
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		860
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
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	24,205	27,568	67,236	47,573	54,443	60,391
72.1		Amusements licensing and permit taxes
73.0		Other Permits
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	13,705	13,705
76.0		Airport
77.0		Fire Protection Charges	1,044,510	1,098,389	1,189,665	1,175,777	1,162,140	967,770
78.0		Solid Waste
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues
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						6,362
86.0	UTILITY	Water and Sewer Charges	1,629,857	1,492,997	1,451,782	1,527,942	1,619,147	1,539,136
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	47,976	98,368	242,578	349,711	485,367	269,581
91.0		Special Assessments
92.0		Private Contributions and Donations	22,649	18,330	7,841	3,335	9,185	2,572
93.0		Sales of Materials and Fixed Assets	16,465				14,893
94.0		Sale of Real Property		349,300
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution		3,000
98.0		Other Miscellaneous Revenues	15,192	19,766	74,779	49,156	37,964	51,271
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases			1,360,000			3,551,000
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	-4,659	3,299	-6,336	-9,009	5,739	3,765
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	20,669	18,947	20,150	10,450	7,800	7,800
109B	GENERAL	Governing Body - Other Direct	227,919	223,704	248,573	210,476	179,816	165,287
109C	GOVT	Governing Body - Construction			72,037	66,199
109D		Governing Body - Purchase of P,P&E	576	309
110A		Administration - Salaries & Wages	354,994	328,479	242,389	218,611	217,519	186,269
110B		Administration - Other Direct	97,545	91,134	167,004	165,262	151,652	152,997
110C		Administration - Construction
110D		Administration - Purchase of P,P&E	10,705	15,172	14,135	6,237	1,472	24,823
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct
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	949,312	840,105	648,760	564,907	521,659	424,014
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	152,780	164,637	309,978	320,022	326,241	261,524
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	150,962	146,016	215,420	146,239	92,262	85,603
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	1,136,322	1,133,690	823,730	651,046	647,091	616,159
122B		Fire - Other Direct	243,957	478,012	458,488	391,291	397,078	356,196
122C		Fire - Construction			11,670	1,041,124	2,492,517	200,460
122D		Fire - Purchase of P,P&E	65,399	869,231	1,012,350	82,306	36,177	49,488
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	129,309	132,003	99,724	91,793	85,958	81,295
128B		Streets and Highways - Other Direct	183,931	130,204	177,510	173,522	197,027	170,728
128C		Streets and Highways - Construction			242,510	238,740
128D		Streets and Highways - Purchase of P,P&E	341,212	154,364	10,266		368,556	261,497
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	20,004	19,388	14,719	14,646	13,057	12,067
130B		Powell Bill - Other Direct	6,846	13,879	11,057	13,974	25,085	9,415
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E	5,501			2,903	328,575	19,500
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	341,168	244,806	184,494	153,666	148,026	137,790
136B	MENTAL	Solid Waste - Other Direct	145,980	244,011	161,286	137,629	145,260	137,508
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E					122,857	40,796
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	103,137	103,028	74,109	59,128	37,404	40,563
153B	RECREATION	Recreation & Parks - Other Direct	37,745	23,035	41,406	49,822	39,083	56,093
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E		8,443	11,912	1,060	4,616	27,839
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	777,454	759,667	608,170	573,580	542,820	505,599
158B		Water & Sewer - Other Direct	461,014	415,175	698,537	603,417	567,041	559,313
158C		Water & Sewer - Construction			414,301	252,320	49,650	142,487
158D		Water & Sewer - Purchase of P,P&E		42,596				30,200
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	121,969	126,257	130,595	134,461	138,475	143,682
161D	SERVICE	Water & Sewer - Principal	131,409	144,266	139,266	134,266	134,265	129,265
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	43,622	185,408	180,655	172,342	187,644	72,638
166D		All Other - Principal	636,840	533,448	533,680	397,448	397,448	655,715
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	35,872	34,254	30,650	27,588	24,281	19,816
172B		Fringe Benefits Other	89,632	92,968	75,401	56,993	54,950	50,561
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	2,502,060.	2,368,004.00	2,299,480.00	2,210,101.00	2,274,999.00	1,714,824.00
180.0		Current year's levy -- Motor vehicles (only)	98,010.	87,121.00	95,241.00	107,420.00	108,558.00	105,652.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	6,602.	12,314.00	4,799.00	1,731.00	501.00	703.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	4,208	3,310	3,474	3,631	3,503	7,342
183.0	DATA	Percentage of Taxes Collected - All Property %	99.58	99.36	99.65	99.77	99.83	99.56
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	99.74	99.48	99.79	99.92	99.98	99.96
185.0		Percentage of Taxes Collected - Motor Vehicles %	95.71	96.20	96.35	96.62	96.77	93.05
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	7,169,886	7,104,100	8,230,074	7,852,414	8,707,396	9,859,643
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	6,914,240	7,089,486	8,303,353	6,851,402	6,993,571	9,980,002
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In		249,338				723,455
194D		Amount - Net Revenues	6,914,240	6,840,148	8,303,353	6,851,402	6,993,571	9,256,547
		Calculated amount	6,914,240	6,840,148	8,303,353	6,851,402	6,993,571	9,256,547
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	7,023,785	7,965,974	8,084,932	7,163,468	8,683,362	6,558,442
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out		249,338				723,455
195D		Amount - Net Expenditures	7,023,785	7,716,636	8,084,932	7,163,468	8,683,362	5,834,987
		Calculated amount	7,023,785	7,716,636	8,084,932	7,163,468	8,683,362	5,834,987
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					10,481
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water	194	180	178	195,405	123,282
402B	Operations	Amount processed and/or purchased in units Sewer
403A		Total amount billed in units - Water	159	166	150	164,242	123,282
403B		Total amount billed in units - Sewer
404A		Of the total in 403A above how many units were Residential W	1	109	90		60,018
404B		Of the total in 403B above how many units were Residential S					65,075
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					10,481
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	1,565,392	1,894,382	1,791,626	1,447,575	1,642,848
408A		Dollars related to 403A above
408B		Dollars related to 403B above	1,355,127	1,683,126	772,092		707,989
409A		Dollars related to 404A above
409B		Dollars related to 404B above					766,953
410A		Dollars related to 405A above
410B		Dollars related to 405B above					167,906
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	2,164	2,161	2,181	2,067
421A		Number of residential accounts billed - Water
421B		Number of residential accounts billed - Sewer	217	217	110	224
422A		Number of non-residential & bulk accounts billed - Water
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	JIM MCMILLAN
951.0		Title	FINANCE OFFICER
952.0		Date	11/21/2011		01/25/2010	01/29/2009	01/28/2008	12/29/2006
953.0		Contact	JIM MCMILLAN
954.0		Title	FINANCE OFFICER
955.0		Phone	828-645-7116
956.0		Fax	828-645-4476
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	3,673	3,319	3,231	3,215	2,882	2,840
Population Group	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	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	44	261	244	235	242	255
State Weighted Average Revenues Per Capita	20	273	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	90.79%	92.72%	91.41%	92.91%	90.03%	86.35%
State Weighted Average	92.57%	83.23%	87.16%	84.09%	80.04%	79.35%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	9.21%	7.28%	8.59%	7.09%	9.97%	13.65%
State Weighted Average	7.43%	16.77%	12.84%	15.91%	19.96%	20.65%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	14.21%	1.69%	1.70%	1.04%	1.49%	1.56%
State Weighted Average	11.39%	1.58%	1.20%	1.31%	1.10%	1.56%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	25.10%	3.09%	9.31%	3.10%	2.59%	1.83%
State Weighted Average	17.30%	1.55%	2.65%	3.15%	1.85%	2.84%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	65.95%	19.63%	12.72%	18.01%	5.29%	17.80%
State Weighted Average	212.96%	15.81%	-9.94%	18.14%	25.59%	24.27%

Key Ratios and Cash Flow

Quick Ratio	7.88	7.68	5.98	7.90	7.97	9.04
Group Weighted Average	3.65	2.97	3.21	3.12	3.25	3.67
State Weighted Average	3.94	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	29.2	59.4	63.6	54.7	55.3	55.7
State Weighted Average	13.0	57.9	58.5	56.6	61.6	59.8

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-408.9	424.6	493.9	540.8	562.2	488.8
State Weighted Average	-80.4	613.4	559.6	588.2	645.7	570.9

Cash flow from Operations	$363,133	196,023	161,304	352,256	549,964	517,005

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.28	0.31	0.30	0.25	0.26	0.25
State Weighted Average	0.31	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	0	0	0	0	0
Group Weighted Average	55	384	357	309	307	288
State Weighted Average	34	897	784	781	761	733

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

	2005	2004	2003	2002
	$60,839	339,502	459,241	905,406

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	5,760	NA
Estimated population of the areas served Sewer	0	0	0	0	0	NA

Number of Gallons of Water Processed (000) omitted	194	180	178	195,405	123,282	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	0	0	0	NA

Number of Gallons of Water Billed (000) omitted	159	166	150	164,242	123,282	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	0	0	0	NA

Ratio of Water Billed to Water Processed	0.82253	0.92030	0.84011	0.84052	1.00000	NA
Ratio of Sewage Billed to Sewage Processed						NA

Total Revenue from Water Sales	1,565,392	1,894,382	1,791,626	1,447,575	1,642,848	NA
Total Revenue from Sewage Sales	0	0	0	0	0	NA

Water Revenue per 1000 gallons of Sales					285.21667	NA
Sewage Revenue per 1000 gallons of Sales						NA

Group Average Sales per thousand Gallons Water	$0.00721	$146.64376	$40.01634	$1,510.62899	$1,842.80047	NA
Group Average Sales per thousand Gallons Sewage	$0.00943	$94.75591	$48.91229	$1,673.88245	$2,249.50353	NA

State Average Sales per thousand Gallons Water	$0.00342	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00223	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons	$1,266,473.83178	15,512.68203	8,603.65500		11.79628	NA
Residential Sewage Sales per thousand Gallons						NA

Water Sales per thousand Gallons outside Municipal Limits					11.78568	NA
Sewage Sales per thousand Gallons outside Municipal Limits						NA

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

Financial Graphs and Comparisons

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

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	83.70%	107.95%	115.87%	77.86%	0.00%
Group average FBA %	64.31%	65.07%	70.26%	67.39%	89.18%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	38.21%
State average FBA %	36.54%	36.35%	64.31%	37.47%	38.21%

Municipal Population Group: No Electric 2,500 to 9,999

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2007 2008 2009 2010 2011

Municipality 99.83% 99.77% 99.65% 99.36% 99.58%

Pop. Group 96.70% 95.81% 95.41% 95.40% 96.53%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 2,500 to 9,999

	2007	2008	2009	2010	2011
Municipality	99.83%	99.77%	99.65%	99.36%	99.58%
Pop. Group	96.70%	95.81%	95.41%	95.40%	96.53%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 2,500 to 9,999

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2007 2008 2009 2010 2011

Municipality 1,211 1,054 1,017 957 0

Pop. Group 149 152 158 107 #N/A

Statewide 478 456 455 449 #N/A

Municipal Population Group: 2,500 to 4,999

	2007	2008	2009	2010	2011
Municipality	1,211	1,054	1,017	957	0
Pop. Group	149	152	158	107	#N/A
Statewide	478	456	455	449	#N/A

Municipal Population Group: 2,500 to 4,999

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2007 2008 2009 2010 2011

Property Tax $827 721 744 749 709

Utility 562 475 449 450 444

Sales Tax 301 294 297 233 216

Sales & Services 403 366 368 335 288

Intergovernmental 124 134 168 134 161

Debt Proceeds 13 15 23 6 4

Other Miscellaneous 197 126 521 154 60

Total $2,427 2,131 2,570 2,061 1,882

	2007	2008	2009	2010	2011
Property Tax	$827	721	744	749	709
Utility	562	475	449	450	444
Sales Tax	301	294	297	233	216
Sales & Services	403	366	368	335	288
Intergovernmental	124	134	168	134	161
Debt Proceeds	13	15	23	6	4
Other Miscellaneous	197	126	521	154	60
Total	$2,427	2,131	2,570	2,061	1,882

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2011
2011

Category Revenue
Per Capita

Property Tax $2,603,095
$709

Water/Sewer 0
0

Electric 1,629,857
444

Other Utilities 0
0

Sales Tax 798,946
216

Sales & Services 1,058,215
288

Intergovernment 590,082
161

Debt Proceeds 15,192
4

Miscellaneous 218,853
60

Total $6,914,240
$1,882

Municipal Population Group: No Electric 2,500 to 9,999

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2011
2011

Category Expenditures
Per Capita

General Government $712,408
$194

Water/Sewer 0
0

Electric 1,238,468
337

Other Utilities 0
0

Debt Service 933,840
254

Transportation 686,803
187

Public Safety 2,734,604
745

Other 717,662
195

Total $7,023,785
$1,912

Municipal Population Group: No Electric 2,500 to 9,999

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $3,832,369
$1,043

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 574,355
156

Other Operating 2,617,061
713

Total $7,023,785
$1,912

Municipal Population Group: No Electric 2,500 to 9,999

Last Updated 1/31/2012 4:34:56 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$2,603,095	$709
Water/Sewer	0	0
Electric	1,629,857	444
Other Utilities	0	0
Sales Tax	798,946	216
Sales & Services	1,058,215	288
Intergovernment	590,082	161
Debt Proceeds	15,192	4
Miscellaneous	218,853	60
Total	$6,914,240	$1,882

Municipal Population Group: No Electric 2,500 to 9,999

North CarolinaDepartment of State TreasurerFinancial InformationTown of Weaverville

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Weaverville