North Carolina
Department of State Treasurer
Financial Information
Town of Haw River

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

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2008	2007	2006	2005	2004	2003
	Revenues by Source
		Property Tax	$593,977	573,201	562,080	549,601	552,491	562,585
		Utility	1,525,899	1,362,945	1,248,930	956,288	972,585	728,462
		Sales Tax	391,941	377,593	343,205	320,649	308,463	251,673
		Sales & Services	145,389	143,470	292,565	457,660	294,330	283,690
		Intergovernmental	374,661	312,911	427,422	311,823	340,461	223,970
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	328,428	291,151	80,641	80,972	41,325	63,796
		Total	$3,360,295	3,061,271	2,954,843	2,676,993	2,509,655	2,114,176

	Expenditures by Function
		Utility	$1,173,822	1,096,316	890,631	723,725	724,458	736,864
		Debt Service	260,015	307,404	288,045	285,877	488,266	291,749
		Transportation	319,246	185,653	262,826	376,508	282,125	160,213
		General Government	349,282	300,840	322,743	321,047	308,080	318,226
		Public Safety	829,154	788,083	803,155	824,156	678,299	623,506
		Other	285,046	294,799	271,082	276,664	255,018	235,799
		Total	$3,216,565	2,973,095	2,838,482	2,807,977	2,736,246	2,366,357

	Expenditures by Object
		Salaries & Wages	$1,208,497	1,144,050	853,723	790,302	753,008	705,865
		Capital Outlay	10,354	63,404	155,789	332,487	31,111	56,409
		Other Operating + Debt Service	1,997,714	1,765,641	1,828,970	1,685,188	1,952,127	1,604,083
		Total	$3,216,565	2,973,095	2,838,482	2,807,977	2,736,246	2,366,357


	Per Capita Revenues by Source
		Property Tax	$292	288	283	283	285	289
		Utility	751	685	629	492	501	374
		Sales Tax	192	190	174	165	159	128
		Sales & Services	72	72	147	235	152	145
		Intergovernmental	184	157	215	160	175	115
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	162	146	41	42	21	33
		Total	$1,653	1,538	1,489	1,377	1,293	1,084

	Per Capita Expenditures by Function
		Utility	$577	551	449	372	373	378
		Debt Service	128	154	145	147	252	150
		Transportation	157	93	132	194	145	82
		General Government	172	151	162	165	160	163
		Public Safety	408	396	405	424	349	320
		Other	140	148	137	142	131	121
		Total	$1,582	1,493	1,430	1,444	1,410	1,214

	Per Capita Expenditures by Object
		Salaries & Wages	$594	575	430	407	388	362
		Capital Outlay	5	32	78	171	16	29
		Other Operating	983	886	922	866	1,006	823
		Total	$1,582	1,493	1,430	1,444	1,410	1,214

	Population Group		No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Number of Municipalites in Group	102	101	103	103	106	107
		Average Population In Group	1,669	1,642	1,638	1,632	1,644	1,628
		Town of Haw River Population	2,033	1,991	1,985	1,944	1,941	1,950
	Group Average Per Capita Revenues by Source
		Property Tax	365	370	348	331	319	306
		Utility	374	430	391	374	340	333
		Sales Tax	180	197	179	172	157	133
		Sales & Services	72	77	72	71	64	61
		Intergovernmental	200	221	246	220	257	307
		Debt Proceeds	114	69	170	89	82	56
		Other Miscellaneous	175	196	160	125	137	126
		Total	1,480	1,560	1,566	1,382	1,356	1,322

	Group Average Per Capita Expenditures by Function
		Utility	519	468	487	425	445	432
		Debt Service	113	111	108	107	86	103
		Transportation	126	144	131	132	139	108
		General Government	232	200	221	193	174	180
		Public Safety	346	347	326	294	315	264
		Other	184	204	206	170	159	169
		Total	1,520	1,474	1,479	1,321	1,318	1,256

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	415	430	402	397	376	351
		Capital Outlay	437	305	373	283	317	298
		Other Operating	668	739	704	641	625	607
		Total	1,520	1,474	1,479	1,321	1,318	1,256


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$1,829,969	1,693,324	1,702,271	1,718,115	1,535,830	1,380,527
	General Fund expenditures		1,801,619	1,636,944	1,710,503	1,837,395	1,538,001	1,388,370
	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		28,350	56,380	(8,232)	(119,280)	(2,171)	(7,843)

	Fund balance available (FBA):
		In dollars	$916,234	905,885	859,141	903,810	1,028,156	1,008,204
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	50.86	55.34	50.23	49.19	66.85	72.62
		Group weighted average FBA %	62.48	65.63	64.79	69.64	70.93	74.33
		State weighted average Non-Electric Group	36.47	37.14	36.51	36.90	36.42	36.42
		State weighted average FBA %	36.20	36.37	36.31	36.76	36.35	36.06


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$82,789	(30,316)	(48,621)	(158,757)	(122,747)	(92,059)
		Quick ratio	1.24	0.91	0.83	0.67	0.54	0.62
		Net income	156,015	132,557	93,839	(821)	(2,179)	(127,242)
		Cashflow from operations	386,015	301,370	132,064	427,729	150,909	13,756
		Depreciation & Amortization Expense	155,509	156,059	152,589	157,478	163,212	94,859



Cash, Investments and Financing Go to top of page			2008	2007	2006	2005	2004	2003

		Population at July 1st of the Previous Year	2,033	1,991	1,985	1,944	1,941	1,950
		Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$1,223,373	1,110,682	1,027,968	1,128,732	1,069,681	1,135,034
		Investment Earnings	47,883	59,948	41,027	22,630	8,113	25,100
		Tax Rate Equivalent	0.0380	0.0470	0.0330	0.0184	0.0066	0.0189
		Tax Rate Equivalent Group weighted average	0.0255	0.0404	0.0283	0.0164	0.0094	0.0147
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2001	2001	2001	2001	2001	2001
		January 1, Prior Year Assessed Valuation	$126,117,217	127,543,051	124,295,241	123,250,767	123,803,951	132,515,339
		Tax Rate	0.4800	0.4500	0.4500	0.4500	0.4500	0.4500
		Tax Rate Group weighted average	0.2861	0.3424	0.3297	0.3306	0.3386	0.3479
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	90.49	91.40	94.91	95.29	98.64	97.63
		Assessment -to-Sales Ratio Group weighted average	88.88	79.96	85.71	86.82	87.25	85.88
		Assessment -to-Sales Ratio Statewide	88.52	88.41	92.28	92.35	92.18	89.54
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$139,371,441	139,543,819	130,961,164	129,342,814	125,510,899	135,732,192
		EffectiveTax Rate	0.4344	0.4113	0.4271	0.4288	0.4439	0.4393
		Group weighted average Effective Tax Rate	0.2543	0.2737	0.2826	0.2870	0.2954	0.2988
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	95.14	96.86	95.89	96.49	97.31	97.85
		Percent Collected Group weighted average	97.63	97.17	96.94	96.84	96.44	96.05
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	96.76	98.66	97.86	98.08	98.67	99.34
		Percent Collected Excluding Motor Vehicles Group weighted average	97.84	98.00	97.76	97.85	97.46	97.65
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.66	98.59	98.61	98.36	98.26	98.31
		Percent Collected Motor Vehicles Only	82.79	82.94	82.06	91.03	86.28	85.00
		Percent Collected Motor Vehicles Only Group weighted average	85.24	85.98	85.54	86.22	84.94	83.89
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	12,156	17,776	23,502	19,443	13,866	12,012
		Tax Rate Equivalent	0.0096	0.0139	0.0189	0.0158	0.0112	0.0091
		Dominant County: Alamance
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499
		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	274	294	297	306	297	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		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	0.1848%	0.2336%	0.2606%	0.2847%	0.2930%	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%	#N/A
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$809,467	989,578	1,160,776	1,323,503	1,478,177	1,867,088
		--General Government	0	0	0	0	0	0
		Total*	$809,467	989,578	1,160,776	1,323,503	1,478,177	1,867,088
		* 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	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		2,033	1,991	1,985	1,944	1,941	1,950

1A	Non GASB34	General Fund Assets						1,120,438
1B	FISCAL	General Fund Liabilities						75,085
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						50,089,116
3B		Enterprise Liabilities						1,962,364
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	2,140,396	2,279,944	2,347,047	2,383,802	2,291,495
1.5B	FISCAL	Governmental Activities Liabilities	144,828	185,596	295,477	284,389	152,270
3.5A	SUMMARY	Business Type Activities Assets	4,306,226	4,326,400	4,412,224	4,642,304	4,598,569
3.5B		Business Type Activities Liabilties	880,267	1,056,453	1,274,834	1,598,751	1,554,196
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						3,133,204
7B		Capital Project Liabilities
8A		General Fixed Assets
9B		General Long term debt - Liabilities						114,818
10	PART 2	Current collections of unit-wide levy	574,573	546,529	540,504	532,876	535,869	544,596
11	TAX	Current collection of special tax districts	189,308	182,156
12	REVENUES	Prior years' levy collections	13,631	22,166	14,883	11,162	11,208	12,763
13		Penalties and interest	5,773	4,506	6,693	5,563	5,414	5,226
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	162,398	152,168	139,039	140,530	132,361	114,984
17		1/2% Local government sales and use taxes (Article 40)	79,740	79,230	70,833	61,162	60,212	61,860
18		1/2% Local government sales and use taxes (Article 42)	78,966	78,520	70,276	60,641	59,577	61,168
18.5		1/2% Local government sales and use taxes (Article 44)	70,837	67,675	63,057	58,316	56,313	13,661
19		Licenses Privilege					19,365	23,393
19.1		Privilege - Occupational & business licensing & permit taxes	46,735	26,946	26,455	24,891
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax	78	49	29	74	67	77
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV			12,225	13,616	13,780	13,583
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
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			23,095	127,999	132,853	16,962
40	INTERGOV	Controlled substance tax			2,117	2,609	2,498	467
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues	102,500	104,010	108,218
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	138,332	138,829	124,419	94,199	114,026	118,060
45		Beer and Wine tax	9,110	8,905	8,516	8,515	8,284	8,063
46		Powell Bill	67,084	59,167	59,539	59,997	54,683	59,600
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees			27,604	13,013	1,821	5,041
51		General Government					15,049	6,553
52		Public safety			73,914	2,991	9,247	6,224
53		Transportation - Streets
54		Transportation - All other
55		Environmental protection
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		2,000		2,500	2,000	3,000
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety	57,635
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
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	13,173	13,560	12,525	12,893	12,785	10,428
76		Airport
77		Fire protection charges			176,667	170,669	175,860	168,522
78		Solid waste	105,432	93,609	82,615	82,592	77,590	76,690
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues	19,205	23,712	18,515	19,600	14,736	9,709
82		Library service revenues
83		Other cultural and recreational service revenues					7,716	13,003
84		Mass transit - city operated
85		Other sales and services	7,579	12,589	2,243	171,906	5,643	5,338
86	UTILITY	Water and sewer charges	1,525,899	1,362,945	1,248,930	956,288	972,585	728,462
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	47,883	59,948	41,027	22,630	8,113	25,100
91		Special assessments				1,976		1,194
92		Private contribution and donations	1,400
93		Sales of materials and fixed assets		2,700	905	17,785		449
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	43,024	19,352
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases
101		Other
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
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries			9,600	8,600	8,600	8,600
109B	GENERAL	Governing body - All other Direct	14,556	14,138	4,527	3,819	11,639	12,225
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	157,562	153,389	123,826	113,234	107,734	97,735
110B		Administration - All other Direct	82,890	48,761	72,290	80,158	74,279	70,642
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures				7,561	783	3,952
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct	668		2,305	240	975	240
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			13,601	15,202	11,654	18,675
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct			13,870	12,480	12,670	10,270
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct	31,724	28,570	30,588	25,050	27,111	25,642
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures	303
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			52,136
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures					3,891	20,891
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct	61,579	55,982		54,703	48,744	49,354
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	428,582	398,456	318,301	302,000	284,055	266,715
119B	SAFETY	Police and Communications - All other Direct	71,412	77,585	137,113	159,713	156,888	114,529
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures		28,150			6,601	1,875
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	219,196	234,009	140,780	118,096	112,833	107,158
122B		Fire - All other Direct	83,886	34,997	129,278	109,135	103,719	101,353
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures	3,109		61,582	120,112		18,540
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	6,868
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	145,035	142,906	107,432	101,551	96,691	96,806
128B		Streets and Highways - All other Direct	174,211	42,747	66,923	67,996	61,707	51,863
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures				19,287	18,336	5,299
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			2,668	11,316	105,391	2,746
130C		State Street Aid Allocation - Powell Bill - Construction			85,803	156,121
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures				20,237		3,499
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	128,032	120,544	112,860	124,241	117,372	106,356
136C	PROTECTION	Solid Waste - Construction
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	1,000	1,000
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	111,329	106,809	80,088	76,765	73,794	65,901
153B	RECREATION	Recreation and Parks - All other Direct	37,743	52,603	69,730	66,489	62,352	61,189
153C		Recreation and Parks - Construction
153D		Recreation and Parks - Land, Equipment, and Existing Structures	6,942	13,843	8,404	9,169	1,500	2,353
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	146,793	108,481	73,696	70,056	69,301	62,950
158B		Water and Sewer - All other Direct	1,027,029	966,424	816,935	653,669	655,157	673,914
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures		21,411
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	40,039	4,425	64,009	68,496	80,072	100,465
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	201,085	235,410	166,404	168,361	393,715	140,658
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	569	3,092	2,400	2,400	1,075	3,573
166D		All Other - Debt Service Principal Payments	18,322	64,477	55,232	46,620	13,404	47,053
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)	16,101	14,886	16,101	15,100	14,203	13,336
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	535,251	501,541	500,056	429,821	459,073	499,710
180	OTHER	Current Year Levy Motor Vehicles Only	70,078	64,898	71,313	124,565	56,484	57,979
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	17,357	6,704	10,708	8,272	6,119	3,315
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	12,061	11,072	12,794	11,171	7,747	8,697
183		Percentage of Taxes Collected - Current Year All Property	95.14	96.86	95.89	96.49	97.31	97.85
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	96.76	98.66	97.86	98.08	98.67	99.34
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	82.79	82.94	82.06	91.03	86.28	85.00
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	1,223,373	1,110,682	1,027,968	1,128,732	1,069,681	1,135,034
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	3,360,295	3,061,271	2,954,843	2,676,993	2,509,655	2,114,176
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in
194D		Amounts - Net Revenues per AFIR	3,360,295	3,061,271	2,954,843	2,676,993	2,509,655	2,114,176
		Calculated amount	3,360,295	3,061,271	2,954,843	2,676,993	2,509,655	2,114,176
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	3,216,565	2,973,095	2,838,482	2,807,977	2,736,246	2,366,357
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out
195D		Amounts Net Expenditures per AFIR	3,216,565	2,973,095	2,838,482	2,807,977	2,736,246	2,366,357
		Calculated amount	3,216,565	2,973,095	2,838,482	2,807,977	2,736,246	2,366,357
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Jeff Earp
951		Title of Official	Finance Officer
952		Date Certified	11/14/2008	12/03/2007	01/24/2007
953		Person to Contact	James P. Winston, II
954		Title of Person to Contact	CPA
955		Telephone Number	919-693-5196
956		Facsimile Number	919-693-7614

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

	2008	2007	2006	2005	2004	2003

Population	2,033	1,991	1,985	1,944	1,941	1,950
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
Total Operating Revenues	$1,525,899	1,362,945	1,247,830	957,149	973,760	730,023
Total Operating Revenues Per Capita	$751	685	629	492	502	374
Group Weighted Average Revenues Per Capita	488	489	467	452	424	406
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	87.12%	90.32%	84.16%	93.11%	91.98%	115.16%
Group Weighted Average	100.93%	98.61%	97.18%	98.55%	100.51%	98.75%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	12.88%	9.68%	15.84%	6.89%	8.02%	-15.16%
Group Weighted Average	-0.93%	1.39%	2.82%	1.45%	-0.51%	1.25%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	2.57%	-0.11%	-0.40%	3.03%	2.95%	2.51%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	10.22%	9.73%	7.52%	-0.09%	-0.22%	-17.43%
Group Weighted Average	-0.06%	-0.95%	-2.70%	3.62%	0.56%	1.84%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	1.24	0.91	0.83	0.67	0.54	0.62
Group Weighted Average	2.84	3.21	3.58	3.47	4.12	3.57
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	31.7	39.1	42.7	52.9	52.9	31.5
Group Weighted Average	47.9	45.8	44.0	43.6	43.3	44.9
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	92.3	50.1	39.6	98.3	2.4	44.7
Group Weighted Average	373.1	494.7	407.8	401.1	403.8	390.4
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	$386,015	301,370	132,064	427,729	150,909	13,756

Debt to Equity	0.21	0.28	0.37	0.28	0.42	0.56
Group Weighted Average	0.31	0.28	0.27	0.24	0.24	0.26
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	359	465	585	666	661	873
Group Weighted Average	889	788	739	702	625	629
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$0	21,411	0	0	0	0

	2002	2001	2000	1999
	$0	12,361	103,232	230,915

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


Operating Statistics

Estimated population of the areas served Water	0	1,985	NA	NA	NA	NA
Estimated population of the areas served Sewer	0	4,305	NA	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	224,605	207,580	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	106,873	103,700	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	218,297	203,441	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	108,683	104,721	NA	NA	NA	NA

Ratio of Water Billed to Water Processed	0.97192	0.98006	NA	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	1.01694	1.00985	NA	NA	NA	NA

Total Revenue from Water Sales	693,023	657,091	NA	NA	NA	NA
Total Revenue from Sewage Sales	784,529	681,882	NA	NA	NA	NA

Water Revenue per 1000 gallons of Sales		331.02821	NA	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales		158.39303	NA	NA	NA	NA

Group Average Sales per thousand Gallons Water	$1,792.64271	$14,046.04813	NA	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$804.20668	$6,255.74662	NA	NA	NA	NA

State Average Sales per thousand Gallons Water	$13,144.87654	$5,350.70834	NA	NA	NA	NA
State Average Sales per thousand Gallons Sewage	$10,395.28087	$3,921.08643	NA	NA	NA	NA

Residential Water Sales per thousand Gallons	$4.78592	4.82068	NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$6.48114	6.70107	NA	NA	NA	NA

Water Sales per thousand Gallons outside Municipal Limits		2.67497	NA	NA	NA	NA
Sewage Sales per thousand Gallons outside Municipal Limits		6.65891	NA	NA	NA	NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	380,415.00000	NA	NA	NA	NA
Total Sewage Sales per thousand gallons for Redistribution	$0.00000	0.00000	NA	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

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Analysis of Available Fund Balance: General Fund

	2004	2005	2006	2007	2008
Unit's FBA %	66.85%	49.19%	50.23%	55.34%	50.86%
Group average FBA %	70.93%	69.64%	64.79%	65.63%	62.48%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	70.93%	36.37%	36.20%

Municipal Population Group: No Electric 1,000 to 2,499

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2004 2005 2006 2007 2008

Municipality 97.31% 96.49% 95.89% 96.86% 95.14%

Pop. Group 96.44% 96.84% 96.94% 97.17% 97.63%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: No Electric 1,000 to 2,499

	2004	2005	2006	2007	2008
Municipality	97.31%	96.49%	95.89%	96.86%	95.14%
Pop. Group	96.44%	96.84%	96.94%	97.17%	97.63%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: No Electric 1,000 to 2,499

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2004 2005 2006 2007 2008

Municipality 0 0 0 0 0

Pop. Group 297 306 297 294 274

Statewide 548 505 495 478 456

Municipal Population Group: 1,000 to 2,499

	2004	2005	2006	2007	2008
Municipality	0	0	0	0	0
Pop. Group	297	306	297	294	274
Statewide	548	505	495	478	456

Municipal Population Group: 1,000 to 2,499

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2004 2005 2006 2007 2008

Property Tax $285 283 283 288 292

Utility 501 492 629 685 751

Sales Tax 159 165 174 190 192

Sales & Services 152 235 147 72 72

Intergovernmental 175 160 215 157 184

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 21 42 41 146 162

Total $1,293 1,377 1,489 1,538 1,653

	2004	2005	2006	2007	2008
Property Tax	$285	283	283	288	292
Utility	501	492	629	685	751
Sales Tax	159	165	174	190	192
Sales & Services	152	235	147	72	72
Intergovernmental	175	160	215	157	184
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	21	42	41	146	162
Total	$1,293	1,377	1,489	1,538	1,653

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2008
2008

Category Revenue
Per Capita

Property Tax $593,977
$292

Water/Sewer 1,525,899
751

Electric 0
0

Other Utilities 0
0

Sales Tax 391,941
192

Sales & Services 145,389
72

Intergovernment 374,661
184

Debt Proceeds 0
0

Miscellaneous 328,428
162

Total $3,360,295
$1,653

Municipal Population Group: No Electric 1,000 to 2,499

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2008
2008

Category Expenditures
Per Capita

General Government $349,282
$172

Water/Sewer 1,173,822
577

Electric 0
0

Other Utilities 0
0

Debt Service 260,015
128

Transportation 319,246
157

Public Safety 829,154
408

Other 285,046
140

Total $3,216,565
$1,582

Municipal Population Group: No Electric 1,000 to 2,499

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $1,208,497
$594

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 10,354
5

Other Operating 1,997,714
983

Total $3,216,565
$1,582

Municipal Population Group: No Electric 1,000 to 2,499

Last Updated 8/27/2009 8:33:24 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$593,977	$292
Water/Sewer	1,525,899	751
Electric	0	0
Other Utilities	0	0
Sales Tax	391,941	192
Sales & Services	145,389	72
Intergovernment	374,661	184
Debt Proceeds	0	0
Miscellaneous	328,428	162
Total	$3,360,295	$1,653

Municipal Population Group: No Electric 1,000 to 2,499

North CarolinaDepartment of State TreasurerFinancial InformationTown of Haw River

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Haw River