North Carolina
Department of State Treasurer
Financial Information
Town of Navassa

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Financial Graphs and Comparisons
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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	$261,021	-	167,058	159,458	140,859	126,675
		Utility	228,449	-	131,200	115,793	71,667	92,159
		Sales Tax	441,742	-	397,029	362,328	321,172	269,120
		Sales & Services	983	-	140,543	122,014	1,148	408
		Intergovernmental	447,988	-	251,047	518,862	1,910,168	693,266
		Debt Proceeds	81,687	-	97,450	-	-	-
		Other Miscellaneous	52,510	-	19,611	11,501	58,441	1,178,736
		Total	$1,514,380	-	1,203,938	1,289,956	2,503,455	2,360,364

	Expenditures by Function
		Utility	$428,169	-	236,931	386,835	1,743,481	1,353,019
		Debt Service	40,681	-	30,816	19,611	19,612	25,639
		Transportation	133,267	-	69,457	197,659	30,345	60,103
		General Government	356,251	-	248,807	306,014	205,460	173,863
		Public Safety	225,696	-	192,135	134,518	144,385	125,750
		Other	205,531	-	188,440	159,404	120,952	489,939
		Total	$1,389,595	-	966,586	1,204,041	2,264,235	2,228,313

	Expenditures by Object
		Salaries & Wages	$501,141	-	343,429	281,135	247,693	187,751
		Capital Outlay	355,561	-	122,939	422,079	1,723,118	1,650,891
		Other Operating + Debt Service	532,893	-	500,218	500,827	293,424	389,671
		Total	$1,389,595	-	966,586	1,204,041	2,264,235	2,228,313


	Per Capita Revenues by Source
		Property Tax	$140	-	101	100	90	83
		Utility	122	-	79	72	46	60
		Sales Tax	235	-	238	227	204	177
		Sales & Services	1	-	85	76	1	-
		Intergovernmental	239	-	151	324	1,217	454
		Debt Proceeds	44	-	59	-	-	-
		Other Miscellaneous	28	-	12	7	37	771
		Total	$809	-	725	806	1,595	1,545

	Per Capita Expenditures by Function
		Utility	$229	-	143	242	1,110	885
		Debt Service	22	-	19	12	12	17
		Transportation	71	-	42	124	19	39
		General Government	190	-	148	191	132	114
		Public Safety	121	-	116	84	92	82
		Other	110	-	114	100	77	321
		Total	$743	-	582	753	1,442	1,458

	Per Capita Expenditures by Object
		Salaries & Wages	$268	-	207	176	158	123
		Capital Outlay	190	-	74	264	1,098	1,080
		Other Operating	285	-	301	313	186	255
		Total	$743	-	582	753	1,442	1,458

	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 Navassa Population	1,871	1,826	1,660	1,600	1,570	1,528
	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		$1,035,407	902,643	879,403	745,001	778,933	542,674
	General Fund expenditures		898,696	771,282	729,655	779,347	492,754	499,346
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		29,345	-	57,000	35,000	25,000	6,860
	Capital leases and installment purchase proceeds		28,687	-	97,450	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		136,053	131,361	190,198	(69,346)	261,179	36,468

	Fund balance available (FBA):
		In dollars	$652,801	568,248	434,157	245,830	320,816	45,833
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	72.59	73.68	62.99	30.19	61.96	9.05
		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	$627,499	500,840	53,746	79,282	52,232	17,391
		Quick ratio	55.18	30.29	5.28	10.90	9.46	3.81
		Net income	139,048	356,016	(116,614)	259,458	1,635,464	1,154,599
		Cashflow from operations	15,725	445,556	(17,092)	25,742	3,193	(4,546)
		Depreciation & Amortization Expense	95,977	91,078	91,078	63,983	42,127	7,830



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

		Population at July 1st of the Previous Year	1,871	1,826	1,660	1,600	1,570	1,528
		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	$1,463,531	0	819,062	575,739	475,603	330,523
		Investment Earnings	19,705	0	3,021	1,970	1,700	1,713
		Tax Rate Equivalent	0.0143	0.0000	0.0050	0.0032	0.0029	0.0034
		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	2007	2003	2003	2003	2003	1999
		January 1, Prior Year Assessed Valuation	$137,553,661	39,548,549	60,892,147	61,476,072	58,876,734	51,115,435
		Tax Rate	0.2000	0.2700	0.2700	0.2700	0.2500	0.3000
		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	99.29	62.50	80.00	87.38	100.00	81.22
		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	$138,537,276	63,277,678	76,115,184	70,354,855	58,876,734	62,934,542
		EffectiveTax Rate	0.1986	0.1688	0.2160	0.2359	0.2500	0.2437
		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	88.77	0.00	86.25	82.86	78.47	79.54
		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	89.81	0.00	88.56	85.07	80.68	80.81
		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	69.86	0.00	65.24	57.98	59.22	63.28
		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	4,368	0	21,423	26,849	30,168	30,002
		Tax Rate Equivalent	0.0032	0.0000	0.0352	0.0437	0.0512	0.0587
		Dominant County: Brunswick
	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	16,436	20,436	24,436	28,436	34,225	39,500
		Total General Obligation Debt	16,436	20,436	24,436	28,436	34,225	39,500
		Per Capita	$9	11	15	18	22	26
		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	0.0119%	0.0323%	0.0321%	0.0404%	0.0581%	0.0628%
		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	$0	0	0	0	0	0
		--General Government	0	0	0	0	0	0
		Total*	$0	0	0	0	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		1,871	1,826	1,660	1,600	1,570	1,528

1A	Non GASB34	General Fund Assets						332,507
1B	FISCAL	General Fund Liabilities						199,845
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						1,579,071
3B		Enterprise Liabilities						6,190
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	1,534,862		1,351,459	1,021,807	858,921
1.5B	FISCAL	Governmental Activities Liabilities	103,037		136,203	64,063	59,153
3.5A	SUMMARY	Business Type Activities Assets	3,989,409		3,363,784	3,475,847	3,214,561
3.5B		Business Type Activities Liabilties	62,847			8,005	6,177
6.5A		Fiduciary Funds Assets			12,556
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets						129,264
7B		Capital Project Liabilities
8A		General Fixed Assets						545,894
9B		General Long term debt - Liabilities						66,279
10	PART 2	Current collections of unit-wide levy	242,034		134,414	129,793	109,982	116,659
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	14,076		26,446	25,227	23,910	8,324
13		Penalties and interest	4,911		6,198	4,438	6,967	1,692
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	176,887			165,573	143,920	120,595
17		1/2% Local government sales and use taxes (Article 40)	92,459		397,029	65,350	59,143	61,665
18		1/2% Local government sales and use taxes (Article 42)	91,468			64,618	59,084	61,082
18.5		1/2% Local government sales and use taxes (Article 44)	80,928			66,787	59,025	25,778
19		Licenses Privilege
19.1		Privilege - Occupational & business licensing & permit taxes
19.2		Privilege -- All other privileges and pemits
20		General Municipal Vehicle Tax
21		Vehicle Tax for Public Transportation
22		Other licenses - Include CATV	826		4,663	4,037	9,816	1,753
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	120,000
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government						140,000
30		Public safety
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development				428,688		419,291
35		All Other					1,652,270
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
40	INTERGOV	Controlled substance tax
41	REVENUES	Intangibles tax reimbursement + Transistional Hold Harmless Revenues
42		Wireless Enhanced 911 Service Charges
43		Piped Natural Gas Charge Distribution
44		Utility franchise tax	37,096		24,959	24,528	12,146	7,230
45		Beer and Wine tax	8,411		7,067	6,949	6,562	6,193
46		Powell Bill	59,694		49,149	48,022	41,904	44,079
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees
51		General Government			4,900		57,286
52		Public safety				10,675		6,473
53		Transportation - Streets
54		Transportation - All other			69,740
55		Environmental protection	65,231
56		Econ. & Phys. Dev. - Housing/Comm. Dev.	157,556
57		Econ. & Phys. Dev. - All Other			95,232
58		Human Services: Health, mental health, hospitals
59		All Other
60		Culture and recreation
61	LOCAL	LOCAL Payment in lieu of taxes					140,000	70,000
62	INTERGOV	General government
63	REVENUES	Public safety
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits
72	& FEES	Inspection fees	14,144
72.1		Amusements licensing and permit taxes
73		Other permits
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties	983		1,148	1,146	1,148	408
76		Airport
77		Fire protection charges
78		Solid waste
79		Ambulance and rescue squad charges
80		Cemeteries
81		Recreation service revenues
82		Library service revenues
83		Other cultural and recreational service revenues
84		Mass transit - city operated
85		Other sales and services			139,395	120,868
86	UTILITY	Water and sewer charges	228,449		131,200	115,793	71,667	92,159
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	19,705		3,021	1,970	1,700	1,713
91		Special assessments
92		Private contribution and donations					21,000
93		Sales of materials and fixed assets
94		Sales of real property
95		Nongovernment contributions for streets and traffic signals
96		Mixed drink surcharge
97		ABC profit distribution
98		Other miscellaneous revenues	17,835		11,927	5,494	25,925	9,344
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases	81,687		97,450
101		Other						1,165,926
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	29,180		29,594	20,550	14,605	16,536
109B	GENERAL	Governing body - All other Direct	29,718		68,507	160,143	53,053	30,525
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	131,049		69,686	67,359	55,625	38,302
110B		Administration - All other Direct	43,556		21,932	19,425	28,380	35,337
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures			12,576			14,190
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries
112B		Finance - All other Direct
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct	60,018		46,512	38,537	25,797	27,923
115C		Public Buildings - Construction	62,730				28,000	11,050
115D		Public Buildings - Land, Equipment, and Existing Structures
116A		Court Facilities - Salaries
116B		Court Facilities - All other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Land, Equipment, and Existing Structures
117A		Central Facilites - Salaries
117B		Central Facilities - All other Direct
117C		Central Facilites - Construction
117D		Central Facilites - Land, Equipment, and Existing Structures
118A		General Government All Other - Salaries
118B		General Government All Other - All other Direct
118C		General Government All Other - Construction
118D		General Government All Other - Land, Equipment, and Existing Structures
119A	PUBLIC	Police and Communications - Salaries	156,171		118,617	105,271	100,560	95,646
119B	SAFETY	Police and Communications - All other Direct	35,958		36,011	23,919	40,102	15,914
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures	28,687		32,602			10,250
120A		Emergency Communications - Salaries
120B		Emergency Communications - All other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Land, Equipment and Existing Structures
121A		Emergency Management - Salaries
121B		Emergency Management - All other Direct
121C		Emergency Managment - Construction
121D		Emergency Management - Land, Equipment, and Existing Structures
122A		Fire - Salaries
122B		Fire - All other Direct
122C		Fire - Construction
122D		Fire - Land, Equipment, and Existing Structures
123A		Inspectors - Salaries
123B		Inspectors - All other Direct
123C		Inspectors - Construction
123D		Inspectors - Land, Equipment, and Existing Structures
124A		Rescue Units - Salaries
124B		Rescue Units - All other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Land, Equipment, and Existing Structures
125A		Animal Control - Salaries
125B		Animal Control - All other Direct
125C		Animal Control - Construction
125D		Animal Control - Land, Equipment, and Existing Structures
126A		Public Safety All Other - Salaries
126B		Public Safety All Other - All other Direct
126C		Public Safety All Other - Construction
126D		Public Safety All Other - Land, Equipment, and Existing Structures
127A	TRANSPOR	Traffic Engineering - Salaries
127B	TATION	Traffic Engineering - All other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Land, Equipment, and Existing Structures
128A		Streets and Highways - Salaries	31,768			26,520	18,589	4,721
128B		Streets and Highways - All other Direct	21,982			1,557	606	15,147
128C		Streets and Highways - Construction				87,175
128D		Streets and Highways - Land, Equipment and Existing Structures
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			28,150
130B		State Street Aid Allocation - Powell Bill - All other Direct	71,017		6,332	82,407	11,150	40,235
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures	8,500		34,975
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	116,533		97,382	61,435	52,146	32,546
136B	MENTAL	Solid Waste - All other Direct	30,783		23,299	21,001	16,157	30,518
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Land, Equipment, and Existing Structures			42,786
137A		Drainage and Watershed - Salaries
137B		Drainage and Watershed - All other Direct
137C		Drainage and Watershed - Construction
137D		Drainage and Watershed - Land, Equipment, and Existing Structures
138A		Cemeteries - Salaries
138B		Cemeteries - All other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries	36,440
140B	& PHYSICAL	Planning and Zoning - All other Direct	11,374					470
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			10,215	16,422	7,090
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				30,909
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						419,291
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					6,168
146B	SERVICES	Health - All other Direct			6,787	12,555	8,688	2,620
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures					22,983
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries
153B	RECREATION	Recreation and Parks - All other Direct	10,401		7,971	10,132	7,720	4,494
153C		Recreation and Parks - Construction				6,950
153D		Recreation and Parks - Land, Equipment, and Existing Structures
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
158B		Water and Sewer - All other Direct	172,525		236,931	89,790	71,346	156,909
158C		Water and Sewer - Construction	255,644			297,045	1,672,135	1,196,110
158D		Water and Sewer - Land, Equipment, and Existing Structures
159A		Electric Power - Salaries
159B		Electric Power - All other Direct
159C		Electric Power - Construction
159D		Electric Power - Land, Equipment, and Existing Structures
160A		Natural Gas - Salries
160B		Natural Gas - All other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Land, Equipment and Existing Structures
160.1A		Storm water salaries
160.1B		Storm water other operating
160.1C		Storm water contruction
160.1C		Storm water land, equipment and existing structures
161B	DEBT	Water and Sewer - Debt Service Interest Payments
161D	SERVICE	Water and Sewer - Debt Service Principal Payments
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	1,500		1,421	4,072	3,108	2,820
166D		All Other - Debt Service Principal Payments	39,181		29,395	15,539	16,504	22,819
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)	4,880		4,905	5,328	3,723	3,940
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	258,458		140,408	143,854	125,757	136,076
180	OTHER	Current Year Levy Motor Vehicles Only	14,196		15,429	12,788	14,393	10,575
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	26,341		16,060	21,475	24,298	26,119
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	4,279		5,363	5,374	5,870	3,883
183		Percentage of Taxes Collected - Current Year All Property	88.77	0.00	86.25	82.86	78.47	79.54
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	89.81	0.00	88.56	85.07	80.68	80.81
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	69.86	0.00	65.24	57.98	59.22	63.28
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	1,463,531		819,062	575,739	475,603	330,523
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	1,514,380		1,260,938	1,289,956	2,528,455	2,398,224
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in			57,000		25,000	37,860
194D		Amounts - Net Revenues per AFIR	1,514,380		1,203,938	1,289,956	2,503,455	2,360,364
		Calculated amount	1,514,380		1,203,938	1,289,956	2,503,455	2,360,364
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	1,389,595		1,023,586	1,204,041	2,289,235	2,266,173
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out			57,000		25,000	37,860
195D		Amounts Net Expenditures per AFIR	1,389,595		966,586	1,204,041	2,264,235	2,228,313
		Calculated amount	1,389,595		966,586	1,204,041	2,264,235	2,228,313
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	EULIS WILLIS
951		Title of Official	MAYOR
952		Date Certified	12/31/2008		01/29/2007
953		Person to Contact	CLEMENT GOODSON
954		Title of Person to Contact	AUDITOR
955		Telephone Number	910-371-2432
956		Facsimile Number	910-392-3240

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

	2008	2007	2006	2005	2004	2003

Population	1,871	1,826	1,660	1,600	1,570	1,528
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	$228,449	635,026	131,200	115,793	71,667	92,159
Total Operating Revenues Per Capita	$122	348	79	72	46	60
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	124.42%	43.94%	188.88%	132.80%	158.33%	119.73%
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	-24.42%	56.06%	-88.88%	-32.80%	-58.33%	-19.73%
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)	12.85%	0.00%	0.00%	0.00%	34.88%	7.44%
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	-8.10%	56.06%	-88.88%	-32.80%	-23.45%	-12.27%
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	55.18	30.29	5.28	10.90	9.46	3.81
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	71.3	47.2	40.1	56.2	82.5	68.7
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	1,169.3	969.5	124.9	287.5	224.8	22.2
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	$15,725	445,556	-17,092	25,742	3,193	-4,546

Debt to Equity	0.01	0.00	0.00	0.00	0.00	0.00
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	28	0	0	0	0	0
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
	$255,644	0	0	297,045	1,672,135	1,196,110

	2002	2001	2000	1999
	$0	0	0	0

Capital Contributions: Excluded from income above	$157,556	0	0	297,438	1,652,270	1,165,904


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	24,245	0	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	9,936	0	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	22,084	0	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	9,323	0	NA	NA	NA	NA

Ratio of Water Billed to Water Processed	0.91087		NA	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed	0.93831		NA	NA	NA	NA

Total Revenue from Water Sales	92,024	0	NA	NA	NA	NA
Total Revenue from Sewage Sales	57,184	0	NA	NA	NA	NA

Water Revenue per 1000 gallons of Sales			NA	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			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	$4.49445		NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons	$5.67579		NA	NA	NA	NA

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

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	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 %	61.96%	30.19%	62.99%	73.68%	72.59%
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 78.47% 82.86% 86.25% 0.00% 88.77%

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	78.47%	82.86%	86.25%	0.00%	88.77%
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 22 18 15 11 9

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	22	18	15	11	9
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 $90 100 101 0 140

Utility 46 72 79 0 122

Sales Tax 204 227 238 0 235

Sales & Services 1 76 85 0 1

Intergovernmental 1,217 324 151 0 239

Debt Proceeds 0 0 59 0 44

Other Miscellaneous 37 7 12 0 28

Total $1,595 806 725 0 809

	2004	2005	2006	2008
Property Tax	$90	100	101	140
Utility	46	72	79	122
Sales Tax	204	227	238	235
Sales & Services	1	76	85	1
Intergovernmental	1,217	324	151	239
Debt Proceeds	0	0	59	44
Other Miscellaneous	37	7	12	28
Total	$1,595	806	725	809

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2008
2008

Category Revenue
Per Capita

Property Tax $261,021
$140

Water/Sewer 228,449
122

Electric 0
0

Other Utilities 0
0

Sales Tax 441,742
235

Sales & Services 983
1

Intergovernment 447,988
239

Debt Proceeds 81,687
44

Miscellaneous 52,510
28

Total $1,514,380
$809

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

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2008
2008

Category Expenditures
Per Capita

General Government $356,251
$190

Water/Sewer 428,169
229

Electric 0
0

Other Utilities 0
0

Debt Service 40,681
22

Transportation 133,267
71

Public Safety 225,696
121

Other 205,531
110

Total $1,389,595
$743

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

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $501,141
$268

Water/Sewer Capital 255,644
137

Electric Capital 0
0

Other Capital 99,917
53

Other Operating 532,893
285

Total $1,389,595
$743

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

Last Updated 8/27/2009 8:44:50 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$261,021	$140
Water/Sewer	228,449	122
Electric	0	0
Other Utilities	0	0
Sales Tax	441,742	235
Sales & Services	983	1
Intergovernment	447,988	239
Debt Proceeds	81,687	44
Miscellaneous	52,510	28
Total	$1,514,380	$809

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Navassa

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Navassa