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

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

Institute of Government North Carolina Cities Web Site

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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	$684,094	665,206	665,348	677,827	588,582	569,062
		Utility	992,680	1,036,104	975,106	933,999	884,054	706,753
		Sales Tax	190,240	190,811	209,994	231,366	232,841	208,848
		Sales & Services	273,791	224,152	219,813	182,589	145,789	128,740
		Intergovernmental	469,692	521,929	113,496	261,753	468,942	136,800
		Debt Proceeds	-	1,953	3,987	4,125	1,151	98,221
		Other Miscellaneous	61,122	9,895	946,520	121,456	116,463	109,260
		Total	$2,671,619	2,650,050	3,134,264	2,413,115	2,437,822	1,957,684

	Expenditures by Function
		Utility	$1,007,320	1,166,872	1,404,733	641,686	1,043,349	564,898
		Debt Service	279,353	279,170	250,496	222,330	235,744	241,254
		Transportation	65,615	131,810	70,703	256,859	67,467	107,831
		General Government	307,654	328,237	432,372	286,540	264,011	279,216
		Public Safety	546,585	649,010	766,448	604,199	437,561	456,181
		Other	261,133	349,657	212,399	205,924	171,305	158,857
		Total	$2,467,660	2,904,756	3,137,151	2,217,538	2,219,437	1,808,237

	Expenditures by Object
		Salaries & Wages	$658,902	684,989	670,642	618,500	500,386	486,705
		Capital Outlay	401,343	753,120	1,259,403	422,446	579,140	175,222
		Other Operating + Debt Service	1,407,415	1,466,647	1,207,106	1,176,592	1,139,911	1,146,310
		Total	$2,467,660	2,904,756	3,137,151	2,217,538	2,219,437	1,808,237


	Per Capita Revenues by Source
		Property Tax	$846	1,141	1,143	1,159	998	968
		Utility	1,227	1,777	1,675	1,597	1,498	1,202
		Sales Tax	234	329	361	395	395	354
		Sales & Services	338	384	378	312	247	219
		Intergovernmental	581	895	195	447	795	233
		Debt Proceeds	-	3	7	7	2	167
		Other Miscellaneous	76	17	1,626	208	197	186
		Total	$3,302	4,546	5,385	4,125	4,132	3,329

	Per Capita Expenditures by Function
		Utility	$1,245	2,001	2,414	1,097	1,768	961
		Debt Service	345	479	430	380	400	410
		Transportation	81	226	121	439	114	183
		General Government	380	563	743	490	448	475
		Public Safety	676	1,113	1,317	1,033	742	776
		Other	323	600	365	352	290	270
		Total	$3,050	4,982	5,390	3,791	3,762	3,075

	Per Capita Expenditures by Object
		Salaries & Wages	$814	1,175	1,152	1,057	848	828
		Capital Outlay	496	1,292	2,164	722	982	298
		Other Operating	1,740	2,515	2,074	2,012	1,932	1,949
		Total	$3,050	4,982	5,390	3,791	3,762	3,075

	Population Group		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	No Electric 500 to 999
		Number of Municipalites in Group	88	99	94	96	96	95
		Average Population In Group	714	727	726	729	726	727
		Town of White Lake Population	809	583	582	585	590	588
	Group Average Per Capita Revenues by Source
		Property Tax	393	411	400	400	335	298
		Utility	445	425	444	423	366	312
		Sales Tax	129	135	165	190	167	155
		Sales & Services	81	67	58	55	51	47
		Intergovernmental	272	320	399	298	361	357
		Debt Proceeds	88	35	90	96	29	45
		Other Miscellaneous	193	146	180	178	232	165
		Total	1,601	1,539	1,736	1,640	1,541	1,379

	Group Average Per Capita Expenditures by Function
		Utility	563	441	428	437	404	484
		Debt Service	118	105	110	97	83	71
		Transportation	114	135	122	148	153	117
		General Government	246	258	309	321	313	224
		Public Safety	308	283	301	294	250	241
		Other	205	279	382	291	279	292
		Total	1,554	1,501	1,652	1,588	1,482	1,429

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	426	425	419	406	352	309
		Capital Outlay	320	241	302	298	334	370
		Other Operating	808	835	931	884	796	750
		Total	1,554	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		$1,394,217	1,439,426	1,365,979	1,395,132	1,221,664	1,196,508
	General Fund expenditures		1,305,130	1,468,087	1,606,108	1,292,894	1,075,253	1,137,910
	Operating transfers in		32,829	32,241	20,000	82,702	-	-
	Operating transfers out		11,820	19,024	77,486	38,872	184,989	3,500
	Capital leases and installment purchase proceeds		-	-	214,222	23,045	-	-
	Other items		-	-	-	-	-	22,500
	Excess of revenues and other sources over (under) expenditures and other uses		110,096	(15,444)	(83,393)	169,113	(38,578)	77,598

	Fund balance available (FBA):
		In dollars	$0	700,910	790,174	732,285	704,742	754,339
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	47.13	53.78	55.95	55.92	66.09
		Group weighted average FBA %	125.41	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	$914,480	750,385	961,740	696,723	614,120	560,564
		Quick ratio	6.86	3.45	4.60	4.43	4.30	5.20
		Net income	455,760	375,757	172,847	183,017	767,581	120,550
		Cashflow from operations	111,948	321,187	292,126	312,596	370,233	213,384
		Depreciation & Amortization Expense	146,625	128,296	116,893	110,902	98,744	101,597



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

		Population at July 1st of the Previous Year	809	583	582	585	590	588
		Population Group	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	No Electric 500 to 999
		Cash &Investments	$1,877,580	$1,564,698	$1,996,556	$1,988,948	$1,480,706	$1,480,023
		Investment Earnings	3,230	3,804	32,206	79,146	79,521	59,161
		Tax Rate Equivalent	0.0011	0.0013	0.0112	0.0272	0.0627	0.0489
		Tax Rate Equivalent Group weighted average	0.0034	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	2007	2007	2007	2007	1999	1999
		January 1, Prior Year Assessed Valuation	$288,280,115	294,263,910	287,091,079	290,995,792	126,832,231	120,998,756
		Tax Rate	0.2300	0.2300	0.2300	0.2300	0.4700	0.4700
		Tax Rate Group weighted average	0.2132	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	91.63	86.40	90.69	100.00	60.29	69.54
		Assessment -to-Sales Ratio Group weighted average	96.17	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	$314,613,243	340,583,229	316,563,104	290,995,792	210,370,262	173,998,786
		EffectiveTax Rate	0.2107	0.1987	0.2086	0.2300	0.2834	0.3268
		Group weighted average Effective Tax Rate	0.2050	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	98.0600	97.9600	98.2600	99.2500	98.0200	98.5400
		Percent Collected Group weighted average	96.25	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	98.69	98.59	98.78	99.64	98.52	99.12
		Percent Collected Excluding Motor Vehicles Group weighted average	96.64	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	79.65	78.47	78.82	88.52	89.76	87.55
		Percent Collected Motor Vehicles Only Group weighted average	84.30	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	31,198	30,289	25,751	25,425	41,512	33,563
		Tax Rate Equivalent	0.0108	0.0103	0.0090	0.0087	0.0327	0.0277
		Dominant County: Bladen
	Debt Information
		Population Group	500 to 999	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	$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	178	193	200	215	212	223
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0954%	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	$601,781	641,289	674,618	0	0	0
		--General Government	363,750	436,500	509,250	582,000	654,749	727,499
		Total*	$965,530	1,077,789	1,183,868	582,000	654,749	727,499
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	83,501	167,002	250,503	334,004	417,505


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		809	583	582	585	590	588

1.5A	FISCAL	Governmental Activities Assets	3,581,186	3,624,804	3,591,628	3,400,445	3,053,391	3,147,924
1.5B	SUMMARY	Governmental Activities Liabilities	626,073	724,707	807,855	708,496	749,803	846,326
3.5A		Business Type Activities Assets	5,676,890	5,411,936	5,136,101	4,304,480	4,193,631	3,459,036
3.5B		Business Type Activities Liabilties	720,173	910,979	1,010,901	352,127	424,295	457,281
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	668,472	659,707	662,121	667,461	578,787	562,322
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	11,097	1,816	1,099	5,841	4,267	4,748
13.0		Penalties and Interest	4,525	3,683	2,128	4,525	5,528	1,992
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax	391	404
16.0		1% Local Government Option Sales Tax	64,682	64,876	71,399	64,782	58,211	57,120
17.0		1/2% Local Government Option Sales Tax (40)	51,365	51,519	56,698	62,469	65,195	57,078
18.0		1/2% Local Government Option Sales Tax (42)	51,364	51,519	56,698	62,469	65,195	56,911
18.5		1/2% Local Government Option Sales Tax (44)	22,829	22,897	25,199	41,646	44,240	37,739
19.0		Privilege Licenses	10,538	6,091	6,497	5,544	6,352	3,274
19.2		Privilege -- All other privileges and pemits					6,800
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	4,482			3,314	22,892	21,615
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		94,763
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						755
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	94,370	96,274	91,584	83,479	58,292	53,246
45.0		Beer and Wine Tax	785	242	746	744	711	655
46.0		Powell Bill	18,395	18,295	20,756	23,386	20,960	21,354
50.0		Court Fees - Facilities and Arrest Fees	356	368	410	516	289	451
51.0		General Government
52.0		Public Safety	14,437	18,985		22,710	25,673	22,107
53.0		Transportation - Streets				93,935
54.0		Transportation - All Other						6,332
55.0		Environmental Protection	334,369	206,720		36,983	363,017	31,900
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other		86,282
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
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other	6,980
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	4,500	5,700	4,875	10,525		7,300
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties	375	600	825	600	825	600
76.0		Airport
77.0		Fire Protection Charges	37,869	35,886	57,235	34,705	24,921	24,921
78.0		Solid Waste	231,047	181,966	156,878	136,759	120,043	95,919
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	97,557	117,471	116,236	112,667	75,304	35,369
86.0	UTILITY	Water and Sewer Charges	895,123	918,633	858,870	821,332	808,750	671,384
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	3,230	3,804	32,206	79,146	79,521	59,161
91.0		Special Assessments
92.0		Private Contributions and Donations	42,872		2,025	6,888	898
93.0		Sales of Materials and Fixed Assets			16,952	3,519		2,710
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		1,953	3,987	4,125	1,151	98,221
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases			888,840	23,045		22,500
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			-1,950	46,930	1,880	1,480
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	18,300	18,300	18,300	18,300	17,100	15,250
109B	GENERAL	Governing Body - Other Direct	5,928	9,676	4,581	8,077	4,440	7,168
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E			127,896
110A		Administration - Salaries & Wages	138,307	137,180	131,443	114,131	114,380	114,798
110B		Administration - Other Direct	120,264	127,267	117,817	97,324	100,207	112,596
110C		Administration - Construction
110D		Administration - Purchase of P,P&E			2,167	15,086	1,445
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	3,136	1,979
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E		6,666
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	11,126	10,812	15,465	15,639	14,696	14,471
118B		Gen. Govt. All Other - Other Direct	10,593	16,357	14,703	17,983	11,743	14,933
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	236,145	234,294	233,850	224,948	187,760	177,604
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	135,430	123,334	117,990	124,417	89,422	97,367
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	2,057	5,184	64,580	38,137		39,620
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	44,482	44,891	40,447	34,136	18,226	17,168
122B		Fire - Other Direct	105,463	127,276	94,944	108,211	110,063	89,400
122C		Fire - Construction
122D		Fire - Purchase of P,P&E	8,750	99,862	201,839	61,092	6,383	23,612
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		3,000	1,500	3,000	3,000	3,000
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	18,473	21,743	21,206	20,976	20,379	18,471
128B		Streets and Highways - Other Direct	39,931	43,715	45,705	42,588	40,212	39,648
128C		Streets and Highways - Construction				189,320	4,663
128D		Streets and Highways - Purchase of P,P&E						6,723
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct	4,511	66,352	3,792	3,975	2,213	41,249
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E						1,740
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
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	2,700
136A	ENVIRON	Solid Waste - Salaries & Wages	8,106	8,054	7,693	7,453	6,868	6,508
136B	MENTAL	Solid Waste - Other Direct	234,704	203,157	187,321	177,393	157,115	144,979
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E				255
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	346	443	445	295	257
139B		Environ. All Other - Other Direct	808	4,487	2,650	3,450	1,290	1,395
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E				10,553
140A	ECONOMIC	Planning & Zoning - Salaries & Wages
140B	& PHYSICAL	Planning & Zoning - Other Direct	2,362		2,115
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	2,057
146C		Health - Construction
146D		Health - Purchase of P,P&E		121,166
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	12,750	12,350		6,525	5,775	5,975
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct			12,175
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	183,617	209,272	201,793	182,622	120,720	122,435
158B		Water & Sewer - Other Direct	435,867	437,358	340,019	351,061	355,980	338,936
158C		Water & Sewer - Construction	370,771	508,851	840,379	50	516,143	88,338
158D		Water & Sewer - Purchase of P,P&E	17,065	11,391	22,542	107,953	50,506	15,189
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	27,444	31,801	42,809	10,137	12,671	15,205
161D	SERVICE	Water & Sewer - Principal	123,009	116,830	83,501	83,501	83,501	83,501
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	22,514	17,696	37,981	27,880	32,538	35,994
166D		All Other - Principal	106,386	112,843	86,205	100,812	107,034	106,554
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	14,258	11,169	11,298	10,258	22,707	8,410
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	659,141.	652,384.00	656,084.00	649,420.00	557,206.00	541,876.00
180.0		Current year's levy -- Motor vehicles (only)	22,560.	21,075.00	17,777.00	23,057.00	33,248.00	28,797.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	8,638.	9,214.00	7,974.00	2,368.00	8,264.00	4,766.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	4,591	4,538	3,766	2,648	3,403	3,585
183.0	DATA	Percentage of Taxes Collected - All Property %	98.06	97.96	98.26	99.25	98.02	98.54
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	98.69	98.59	98.78	99.64	98.52	99.12
185.0		Percentage of Taxes Collected - Motor Vehicles %	79.65	78.47	78.82	88.52	89.76	87.55
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	1,877,580	1,564,698	1,996,556	1,988,948	1,480,706	1,480,023
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	2,672,010	2,701,719	3,231,750	2,612,165	2,780,820	1,961,184
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In		51,265	97,486	199,050	342,998	3,500
194D		Amount - Net Revenues	2,672,010	2,650,454	3,134,264	2,413,115	2,437,822	1,957,684
		Calculated amount	2,672,010	2,650,454	3,134,264	2,413,115	2,437,822	1,957,684
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	2,467,660	2,956,021	3,234,637	2,416,588	2,562,435	1,811,737
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out		51,265	97,486	199,050	342,998	3,500
195D		Amount - Net Expenditures	2,467,660	2,904,756	3,137,151	2,217,538	2,219,437	1,808,237
		Calculated amount	2,467,660	2,904,756	3,137,151	2,217,538	2,219,437	1,808,237
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					2,322
401B	Water /	Number of residential accounts billed Sewer					569
402A	Sewer	Amount processed and/or purchased in units Water	89	89	78,353,000	84,394	128,413
402B	Operations	Amount processed and/or purchased in units Sewer	89	62	78,353,000	193,791	128,413
403A		Total amount billed in units - Water	67	35	64,471,626	67,598	128,413
403B		Total amount billed in units - Sewer	63	33	61,109,014	61,685	128,413
404A		Of the total in 403A above how many units were Residential W	33	33	32,961,526	34,951	29,418
404B		Of the total in 403B above how many units were Residential S					9,111
405A		Of the total in 403 above, how many units were Outside Muni W					8,659
405B		Of the total in 403 above, how many units were Outside Muni S					2,322
406A		Of the total in 405A above how many units were Residential W					1,957
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	354,603	357,405	327,231	308,348	268,454
408A		Dollars related to 403A above	436,255	435,879	400,095	370,952	347,830
408B		Dollars related to 403B above	209,288	171,000	187,887	159,000	170,029
409A		Dollars related to 404A above	283,294	209,220	255,179	192,000	224,253
409B		Dollars related to 404B above					62,290
410A		Dollars related to 405A above					53,617
410B		Dollars related to 405B above					23,231
411A		Dollars related to 406A above					30,354
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	1,018	1,053	998	1,097
421A		Number of residential accounts billed - Water	1,006	989	988	1,033
421B		Number of residential accounts billed - Sewer	76	65	69	1,029
422A		Number of non-residential & bulk accounts billed - Water	75	63	66	967
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	BRENDA CLARK
951.0		Title	TOWN CLERK
952.0		Date	11/29/2011	12/31/2010	02/25/2010	12/22/2008	01/18/2008	11/13/2006
953.0		Contact	BRENDA CLARK
954.0		Title
955.0		Phone	910-862-4800
956.0		Fax
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	809	583	582	585	590	588
Population Group	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	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	24	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	109.63%	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	-9.63%	-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	9.10%	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	8.76%	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	285.37%	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	6.86	3.45	4.60	4.43	4.30	5.20
Group Weighted Average	3.85	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	3.7	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	-35.5	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	$111,948	321,187	292,126	312,596	370,233	213,384

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.02	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	5	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
	$17,817	8,500	27,770	13,782

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	569	NA
Estimated population of the areas served Sewer	0	0	0	0	569	NA

Number of Gallons of Water Processed (000) omitted	89	89	78,353,000	84,394	128,413	NA
Number of Gallons of Sewage Processed (000) omitted	89	62	78,353,000	193,791	128,413	NA

Number of Gallons of Water Billed (000) omitted	67	35	64,471,626	67,598	128,413	NA
Number of Gallons of Sewage Billed (000) omitted	63	33	61,109,014	61,685	128,413	NA

Ratio of Water Billed to Water Processed	0.75087	0.39326	0.82284	0.80098	1.00000	NA
Ratio of Sewage Billed to Sewage Processed	0.70212	0.53226	0.77992	0.31831	1.00000	NA

Total Revenue from Water Sales	354,603	357,405	327,231	308,348	268,454	NA
Total Revenue from Sewage Sales	436,255	435,879	400,095	370,952	347,830	NA

Water Revenue per 1000 gallons of Sales					471.79965	NA
Sewage Revenue per 1000 gallons of Sales					611.30053	NA

Group Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
Group Average Sales per thousand Gallons Sewage	$0.00272	$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	$6,332.46596	5,181.81818	0.00570	4.54923	5.77976	NA
Residential Sewage Sales per thousand Gallons	$9,860.56387	7,472.14286	0.00845	5.98765	7.71902	NA

Water Sales per thousand Gallons outside Municipal Limits					6.83679	NA
Sewage Sales per thousand Gallons outside Municipal Limits					6.19205	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 %	55.92%	55.95%	53.78%	47.13%	0.00%
Group average FBA %	100.61%	88.65%	103.21%	100.58%	125.41%
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 98.02% 99.25% 98.26% 97.96% 98.06%

Pop. Group 96.02% 96.16% 95.59% 95.20% 96.25%

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	98.02%	99.25%	98.26%	97.96%	98.06%
Pop. Group	96.02%	96.16%	95.59%	95.20%	96.25%
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 0 0 0 0 0

Pop. Group 212 215 200 193 178

Statewide 478 456 455 449 450

Municipal Population Group: 500 to 999

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	212	215	200	193	178
Statewide	478	456	455	449	450

Municipal Population Group: 500 to 999

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2007 2008 2009 2010 2011

Property Tax $998 1,159 1,143 1,141 846

Utility 1,498 1,597 1,675 1,777 1,227

Sales Tax 395 395 361 329 234

Sales & Services 247 312 378 384 338

Intergovernmental 795 447 195 895 581

Debt Proceeds 2 7 7 3 0

Other Miscellaneous 197 208 1,626 17 76

Total $4,132 4,125 5,385 4,546 3,302

	2007	2008	2009	2010	2011
Property Tax	$998	1,159	1,143	1,141	846
Utility	1,498	1,597	1,675	1,777	1,227
Sales Tax	395	395	361	329	234
Sales & Services	247	312	378	384	338
Intergovernmental	795	447	195	895	581
Debt Proceeds	2	7	7	3	0
Other Miscellaneous	197	208	1,626	17	76
Total	$4,132	4,125	5,385	4,546	3,302

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2011
2011

Category Revenue
Per Capita

Property Tax $684,094
$846

Water/Sewer 97,557
121

Electric 895,123
1,106

Other Utilities 0
0

Sales Tax 190,240
234

Sales & Services 273,791
338

Intergovernment 469,692
581

Debt Proceeds 0
0

Miscellaneous 61,122
76

Total $2,671,619
$3,302

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

General Government $307,654
$380

Water/Sewer 0
0

Electric 1,007,320
1,245

Other Utilities 0
0

Debt Service 279,353
345

Transportation 65,615
81

Public Safety 546,585
676

Other 261,133
323

Total $2,467,660
$3,050

Municipal Population Group: No Electric 500 to 999

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $658,902
$814

Water/Sewer Capital 0
0

Electric Capital 387,836
479

Other Capital 13,507
17

Other Operating 1,407,415
1,740

Total $2,467,660
$3,050

Municipal Population Group: No Electric 500 to 999

Last Updated 2/7/2012 2:47:17 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$684,094	$846
Water/Sewer	97,557	121
Electric	895,123	1,106
Other Utilities	0	0
Sales Tax	190,240	234
Sales & Services	273,791	338
Intergovernment	469,692	581
Debt Proceeds	0	0
Miscellaneous	61,122	76
Total	$2,671,619	$3,302

Municipal Population Group: No Electric 500 to 999

North CarolinaDepartment of State TreasurerFinancial InformationTown of White Lake

Financial Graphs and Comparisons

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