North Carolina
Department of State Treasurer
Financial Information
Village of Walnut Creek

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	$0	531,708	539,924	541,319	523,964	421,960
		Utility	-	271,557	275,341	267,603	264,805	277,618
		Sales Tax	-	266,145	271,870	270,019	247,102	215,831
		Sales & Services	-	-	-	-	-	-
		Intergovernmental	-	80,508	64,934	63,745	151,608	79,041
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	-	56,502	731,636	20,856	91,377	30,498
		Total	$0	1,206,420	1,883,705	1,163,542	1,278,856	1,024,948

	Expenditures by Function
		Utility	$0	107,045	92,053	118,282	175,426	230,680
		Debt Service	-	237,832	157,473	43,330	43,336	246,782
		Transportation	-	54,209	54,831	258,027	160,454	53,720
		General Government	-	1,155,123	380,061	305,435	316,833	187,520
		Public Safety	-	177,349	137,993	131,782	182,831	93,784
		Other	-	139,748	138,577	100,706	111,102	98,061
		Total	$0	1,871,306	960,988	957,562	989,982	910,547

	Expenditures by Object
		Salaries & Wages	$0	277,354	267,912	239,272	207,123	114,190
		Capital Outlay	-	856,333	36,319	318,551	250,059	119,099
		Other Operating + Debt Service	-	737,619	656,757	399,739	532,800	677,258
		Total	$0	1,871,306	960,988	957,562	989,982	910,547


	Per Capita Revenues by Source
		Property Tax	$0	593	604	614	602	487
		Utility	-	303	308	303	304	321
		Sales Tax	-	296	304	306	283	250
		Sales & Services	-	-	-	-	-	-
		Intergovernmental	-	90	73	72	174	91
		Debt Proceeds	-	-	-	-	-	-
		Other Miscellaneous	-	63	818	24	105	35
		Total	$0	1,345	2,107	1,319	1,468	1,184

	Per Capita Expenditures by Function
		Utility	$0	119	103	134	201	266
		Debt Service	-	265	176	49	50	285
		Transportation	-	60	61	293	184	62
		General Government	-	1,288	426	347	364	217
		Public Safety	-	198	154	149	210	108
		Other	-	156	155	114	128	113
		Total	$0	2,086	1,075	1,086	1,137	1,051

	Per Capita Expenditures by Object
		Salaries & Wages	$0	309	300	271	238	132
		Capital Outlay	-	955	41	361	287	138
		Other Operating	-	822	734	454	612	781
		Total	$0	2,086	1,075	1,086	1,137	1,051

	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	95	96	95	96	93	94
		Average Population In Group	730	726	727	731	737	734
		Village of Walnut Creek Population	903	897	894	882	871	866
	Group Average Per Capita Revenues by Source
		Property Tax	374	335	298	276	259	231
		Utility	384	350	306	270	262	260
		Sales Tax	176	166	155	150	138	113
		Sales & Services	62	65	51	49	42	42
		Intergovernmental	271	366	360	367	365	261
		Debt Proceeds	83	67	73	139	104	55
		Other Miscellaneous	240	250	188	130	324	93
		Total	1,590	1,599	1,431	1,381	1,494	1,055

	Group Average Per Capita Expenditures by Function
		Utility	390	404	484	538	482	358
		Debt Service	90	83	71	58	77	53
		Transportation	137	153	117	109	99	94
		General Government	301	312	224	211	263	186
		Public Safety	273	250	241	219	197	165
		Other	274	280	292	192	180	136
		Total	1,465	1,482	1,429	1,327	1,298	992

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	378	352	309	299	279	254
		Capital Outlay	262	334	370	432	442	251
		Other Operating	825	796	750	596	577	487
		Total	1,465	1,482	1,429	1,327	1,298	992


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$1,036,791	916,553	903,180	895,939	1,014,051	744,906
	General Fund expenditures		1,072,330	764,439	680,643	795,950	771,226	636,538
	Operating transfers in		-	-	-	-	101,289	203,453
	Operating transfers out		2,747	127,136	6,843	-	95,500	213,452
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(38,286)	24,978	215,694	99,989	248,614	98,369

	Fund balance available (FBA):
		In dollars	$734,464	783,295	742,458	546,811	788,712	540,705
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	68.32	87.86	108.00	68.70	91.00	63.61
		Group weighted average FBA %	87.97	100.30	101.57	105.22	108.69	116.79
		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	($221,065)	(190,576)	(221,961)	(124,664)	169,208	130,794
		Quick ratio	0.60	0.65	0.62	0.75	2.00	1.78
		Net income	51,493	44,713	98,846	117,194	84,244	125,561
		Cashflow from operations	186,126	180,646	190,738	147,125	121,007	114,456
		Depreciation & Amortization Expense	99,691	99,690	24,637	25,425	25,533	24,077



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

		Population at July 1st of the Previous Year	903	897	894	882	871	866
		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	$0	1,080,568	1,048,248	865,151	1,060,711	774,718
		Investment Earnings	0	41,674	15,311	6,189	6,291	11,368
		Tax Rate Equivalent	0.0000	0.0279	0.0103	0.0042	0.0043	0.0109
		Tax Rate Equivalent Group weighted average	0.0243	0.0375	0.0327	0.0200	0.0130	0.0213
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2003	2003	2003	2003	2003	1995
		January 1, Prior Year Assessed Valuation	$150,915,044	149,607,072	148,987,073	147,707,935	146,699,326	104,411,506
		Tax Rate	0.3600	0.3600	0.3600	0.3600	0.4000	0.4000
		Tax Rate Group weighted average	0.1929	0.2310	0.2737	0.3263	0.3351	0.3430
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	87.95	90.83	94.52	98.22	99.87	74.50
		Assessment -to-Sales Ratio Group weighted average	87.77	77.67	88.06	77.84	81.47	86.18
		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	$171,591,864	164,711,078	157,624,919	150,384,784	146,890,283	140,149,672
		EffectiveTax Rate	0.3166	0.3270	0.3403	0.3536	0.3995	0.2980
		Group weighted average Effective Tax Rate	0.1693	0.1794	0.2410	0.2540	0.2730	0.2956
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	0.00	97.99	99.39	99.20	98.96	98.33
		Percent Collected Group weighted average	97.29	96.02	95.56	95.90	94.77	94.02
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	0.00	98.28	100.00	100.00	99.41	99.18
		Percent Collected Excluding Motor Vehicles Group weighted average	97.38	97.36	97.10	96.98	96.27	96.08
		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	0.00	94.58	92.52	91.69	94.03	92.53
		Percent Collected Motor Vehicles Only Group weighted average	82.90	81.48	82.58	83.94	82.54	82.40
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	0	10,807	3,285	4,312	5,469	7,020
		Tax Rate Equivalent	0.0000	0.0072	0.0022	0.0029	0.0037	0.0067
		Dominant County: Wayne
	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	216	212	223	227	267	#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	0.0884%	0.1085%	0.1673%	0.1884%	0.2559%	#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	61,732	100,304	136,932	171,714
		--General Government	592,286	664,095	700,000	0	0	0
		Total*	$592,286	664,095	761,732	100,304	136,932	171,714
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$1,330,162	1,408,407	1,486,652	1,564,897	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		903	897	894	882	871	866

1A	Non GASB34	General Fund Assets
1B	FISCAL	General Fund Liabilities
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets
3B		Enterprise Liabilities
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets		4,939,192	4,975,825	4,286,748	4,218,462	3,951,827
1.5B	FISCAL	Governmental Activities Liabilities		696,779	723,956	20,238	16,978	10,372
3.5A	SUMMARY	Business Type Activities Assets		2,683,163	2,778,961	2,634,547	1,151,943	1,103,324
3.5B		Business Type Activities Liabilties		1,414,236	1,554,747	1,509,179	143,769	179,394
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
5B		Special Revenue Liabilities
6A		Trust & Agency Assets
6B		Trust & Agency Liabilities
7A		Capital Project Assets
7B		Capital Project Liabilities
8A		General Fixed Assets
9B		General Long term debt - Liabilities
10	PART 2	Current collections of unit-wide levy		526,084	535,612	533,578	519,216	412,279
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections		3,285	4,312	7,741	4,748	8,558
13		Penalties and interest		2,339				1,123
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax		94,657	98,944	113,061	100,172	82,651
17		1/2% Local government sales and use taxes (Article 40)		61,981	61,887	54,373	50,900	55,236
18		1/2% Local government sales and use taxes (Article 42)		61,575	61,526	53,979	50,302	54,793
18.5		1/2% Local government sales and use taxes (Article 44)		47,932	49,513	48,606	45,728	23,151
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		3,635	6,967	6,633	6,089	5,389
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						5,401
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other					82,344
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		32,814	22,921	21,729	21,725	22,038
45		Beer and Wine tax		4,040	3,896	3,855	3,719	3,662
46		Powell Bill		37,645	38,117	38,161	34,515	37,940
47		Food stamp purchases tax reimbursement
48		Inventories tax reimbursements
49		Senior Citizens Exemption - 50%
50		Court fees - Facilities and arrest fees
51		General Government
52		Public safety		6,009			9,305	10,000
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
61	LOCAL	LOCAL Payment in lieu of taxes
62	INTERGOV	General government
63	REVENUES	Public safety
64		Transportatin - Streets
65		Transportation - All other
66		Environmental protection
67		Economic and physical development
68		Human Services: Health, Mental Health & Hosp
69		Human Services: All Other
70		Culture and recreation
71	PERMITS	Building permits		2,085	1,836	1,543	1,765	1,320
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits		6,450	5,200	5,050	5,450	6,081
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties
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
86	UTILITY	Water and sewer charges		271,557	275,341	267,603	264,805	277,618
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		41,674	15,311	6,189	6,291	11,368
91		Special assessments
92		Private contribution and donations
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		2,658	2,322	1,441	6,782	6,340
99		Proceeds of the sale of bonds and notes
100		Proceeds of capital leases and installment purchases
101		Other			700,000		65,000
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		192,704	223,501	195,547	150,441
109B	GENERAL	Governing body - All other Direct		132,379	125,741		97,627
109C	GOVT	Governing body - Construction		821,580	30,819	109,888
109D		Governing body - Land, Equipment and Existing Structures		8,460			65,000
110A		Administration - Salaries						81,812
110B		Administration - All other Direct						105,708
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures
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
115C		Public Buildings - Construction					3,765
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		84,650	44,411	43,725	56,682	32,172
119B	SAFETY	Police and Communications - All other Direct		14,551	18,237	18,838	15,092	5,341
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures		7,633			38,368	5,789
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		67,168	72,175	66,775	66,054	46,044
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						206
128B		Streets and Highways - All other Direct		54,209	54,831		52,263	42,214
128C		Streets and Highways - Construction					108,191
128D		Streets and Highways - Land, Equipment and Existing Structures						11,300
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
130C		State Street Aid Allocation - Powell Bill - Construction
130D		State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
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				49,364
135C		Transportation - All Other - Construction				208,663
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct		66,404	52,319	60,104	57,822	54,824
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
138C		Cemeteries - Construction
138D		Cemeteries - Land, Equipment, and Existing Structures
139A		Environmental Protection - All Other - Salaries
139B		Environmental Protection - All Other - All other Direct
139C		Environmental Protection - All Other - Construction
139D		Environmental Protection All Other - Land, Equipment, and Existing Structures
140A	ECONOMIC	Planning and Zoning - Salaries
140B	& PHYSICAL	Planning and Zoning - All other Direct
140C	DEVELOP	Planning and Zoning - Construction
140D		Planning and Zoning - Land, Equipment, and Existing Structures
141A		Economic Development - Salaries
141B		Economic Development - All other Direct
141C		Economic Development - Construction
141D		Economic Development - Land, Equipment, and Existing Structures
142A		Community Development - Salaries
142B		Community Development - All other Direct
142C		Community Development - Construction
142D		Community Development - Land, Equipment, and Existing Structures
143A		Housing and Urban Renewal - Salaries
143B		Housing and Urban Renewal - All other Direct
143C		Housing and Urban Renewal - Construction
143D		Housing and Urban Renewal - Land, Equipment, and Existing Structures
144A		Special Employment Programs (JTPA) - Salaries
144B		Special Employment Programs (JTPA) - All other Direct
144C		Special Employment Programs (JTPA) - Construction
144D		Special Employment Programs (JTPA) - Land, Equipment, and Existing Structures
145A		Economic and Physical Development - All Other - Salaries [A]
145B		Economic and Physical Development - All Other - All other Direct
145C		Economic and Physical Development - All Other - Construction
145D		Economic and Physical Development - All Other - Land, Equipment, and Existing Structures
146A	HUMAN	Health - Salaries
146B	SERVICES	Health - All other Direct
146C		Health - Construction
146D		Health - Land, Equipment, and Existing Structures
147A		Mental Health - Salaries
147B		Mental Health - All other Direct
147C		Mental Health - Construction
147D		Mental Health - Land, Equipment, and Existing Structures
148A		Social Services - Salaries
148B		Social Services - All other Direct
148C		Social Services - Construction
148D		Social Services - Land, Equipment, and Existing Structures
149B		Subsidies Paid: Hospitals - City Owned - All other Direct
150B		Subsidies Paid: Hospitals - Private Owned - All other Direct
151A		Other Human Services: Legal Aid - Salaries
151B		Other Human Services: Legal Aid - All other Direct
151C		Other Human Services: Legal Aid - Construction
151D		Other Human Services: Legal Aid - Land, Equipment, and Existing Structures
152A		Human Services - All Other - Salaries
152B		Human Services - All Other - All other Direct
152C		Human Services - All Other - Construction
152D		Human Services - All Other - Land, Equipment, and Existing Structures
153A	CULTURE	Recreation and Parks - Salaries
153B	RECREATION	Recreation and Parks - All other Direct
153C		Recreation and Parks - Construction		5,000	5,500
153D		Recreation and Parks - Land, Equipment, and Existing Structures						1,432
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		68,344	80,758	40,602	53,280	41,805
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		93,385	92,053	118,282	140,691	130,102
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures		13,660			34,735	100,578
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		38,265	40,656	6,702	8,548	10,301
161D	SERVICE	Water and Sewer - Debt Service Principal Payments		139,977	116,817	36,628	34,788	33,028
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		23,685				7,743
166D		All Other - Debt Service Principal Payments		35,905				195,710
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)		3,347	3,170	2,444	6,635	4,438
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		494,156	495,000	486,000	480,325	366,000
180	OTHER	Current Year Levy Motor Vehicles Only		42,735	43,897	51,890	44,360	53,666
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles		8,490			2,820	3,009
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles		2,317	3,285	4,312	2,649	4,011
183		Percentage of Taxes Collected - Current Year All Property	.	97.99	99.39	99.20	98.96	98.33
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	.	98.28	100.00	100.00	99.41	99.18
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	.	94.58	92.52	91.69	94.03	92.53
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		1,080,568	1,048,248	865,151	1,060,711	774,718
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		1,206,420	1,883,705	1,163,542	1,278,856	1,024,948
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in
194D		Amounts - Net Revenues per AFIR		1,206,420	1,883,705	1,163,542	1,278,856	1,024,948
		Calculated amount		1,206,420	1,883,705	1,163,542	1,278,856	1,024,948
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit		1,871,306	960,988	957,562	989,982	910,547
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out
195D		Amounts Net Expenditures per AFIR		1,871,306	960,988	957,562	989,982	910,547
		Calculated amount		1,871,306	960,988	957,562	989,982	910,547
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory
951		Title of Official
952		Date Certified		10/31/2007	10/20/2006
953		Person to Contact
954		Title of Person to Contact
955		Telephone Number
956		Facsimile Number

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
Village of Walnut Creek

	2008	2007	2006	2005	2004	2003

Population	903	897	894	882	871	866
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	$280,421	276,053	275,919	267,603	264,805	277,618
Total Operating Revenues Per Capita	$311	308	309	303	304	321
Group Weighted Average Revenues Per Capita	491	503	404	361	365	358
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	70.46%	69.94%	42.29%	53.70%	62.77%	55.54%
Group Weighted Average	111.96%	101.46%	106.83%	114.56%	109.27%	110.60%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	29.54%	30.06%	57.71%	46.30%	37.23%	44.46%
Group Weighted Average	-11.96%	-1.46%	-6.83%	-14.56%	-9.27%	-10.60%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	0.98%	0.00%	0.00%	0.00%	-2.19%	3.60%
Group Weighted Average	-0.20%	2.51%	0.61%	-21.67%	-4.23%	0.57%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	18.36%	16.20%	35.82%	43.79%	31.81%	45.23%
Group Weighted Average	-7.18%	1.42%	-1.26%	-30.31%	59.19%	-9.31%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	0.60	0.65	0.62	0.75	2.00	1.78
Group Weighted Average	2.98	2.79	3.48	3.33	3.71	3.95
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	99.0	100.5	93.5	103.4	102.4	95.0
Group Weighted Average	62.5	65.0	69.8	81.8	129.3	57.5
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	906.5	1,055.5	1,115.4	899.3	636.9	584.5
Group Weighted Average	382.6	386.6	400.6	362.5	421.0	387.4
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	$186,126	180,646	190,738	147,125	121,007	114,456

Debt to Equity	1.01	1.11	1.26	1.30	0.14	0.15
Group Weighted Average	0.15	0.16	0.17	0.19	0.15	0.15
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	1,473	1,570	1,732	1,662	157	158
Group Weighted Average	613	660	612	625	501	435
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$0	13,660	0	0	34,735	100,578

	2002	2001	2000	1999
	$0	6,822	0	38,112

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


Operating Statistics

Estimated population of the areas served Water	0	897	NA	NA	NA	NA
Estimated population of the areas served Sewer	0	409	NA	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	0	37,517	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	0	11,271	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	0	36,177	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	0	11,271	NA	NA	NA	NA

Ratio of Water Billed to Water Processed		0.96428	NA	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed		1.00000	NA	NA	NA	NA

Total Revenue from Water Sales	0	90,431	NA	NA	NA	NA
Total Revenue from Sewage Sales	0	117,570	NA	NA	NA	NA

Water Revenue per 1000 gallons of Sales		100.81494	NA	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales		287.45721	NA	NA	NA	NA

Group Average Sales per thousand Gallons Water	$13,144.87654	$5,350.70834	NA	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$10,395.28087	$3,921.08643	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		2.49968	NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons		10.43120	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 %	91.00%	68.70%	108.00%	87.86%	68.32%
Group average FBA %	108.69%	105.22%	101.57%	100.30%	87.97%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	108.69%	36.37%	36.20%

Municipal Population Group: No Electric 500 to 999

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2004 2005 2006 2007 2008

Municipality 98.96% 99.20% 99.39% 97.99% 0.00%

Pop. Group 94.77% 95.90% 95.56% 96.02% 97.29%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: No Electric 500 to 999

	2004	2005	2006	2007	2008
Municipality	98.96%	99.20%	99.39%	97.99%	0.00%
Pop. Group	94.77%	95.90%	95.56%	96.02%	97.29%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: No Electric 500 to 999

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2004 2005 2006 2007 2008

Municipality 0 0 0 0 0

Pop. Group 267 227 223 212 216

Statewide 548 505 495 478 456

Municipal Population Group: 500 to 999

	2004	2005	2006	2007	2008
Municipality	0	0	0	0	0
Pop. Group	267	227	223	212	216
Statewide	548	505	495	478	456

Municipal Population Group: 500 to 999

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2004 2005 2006 2007 2008

Property Tax $602 614 604 593 0

Utility 304 303 308 303 0

Sales Tax 283 306 304 296 0

Sales & Services 0 0 0 0 0

Intergovernmental 174 72 73 90 0

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 105 24 818 63 0

Total $1,468 1,319 2,107 1,345 0

	2004	2005	2006	2007
Property Tax	$602	614	604	593
Utility	304	303	308	303
Sales Tax	283	306	304	296
Sales & Services	0	0	0	0
Intergovernmental	174	72	73	90
Debt Proceeds	0	0	0	0
Other Miscellaneous	105	24	818	63
Total	$1,468	1,319	2,107	1,345

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2008
2008

Category Revenue
Per Capita

$0
$0

Water/Sewer 0
0

Electric 0
0

Utility 0
0

Sales Tax 0
0

Sales & Services 0
0

Intergovernment 0
0

Debt Proceeds 0
0

Miscellaneous 0
0

Total $0
$0

Municipal Population Group: No Electric 500 to 999

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2008
2008

Category Expenditures
Per Capita

General Government $0
$0

Water/Sewer 0
0

Electric 0
0

Utilities 0
0

Debt Service 0
0

Transportation 0
0

Public Safety 0
0

Other 0
0

Total $0
$0

Municipal Population Group: No Electric 500 to 999

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $0
$0

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 0
0

Other Operating 0
0

Total $0
$0

Municipal Population Group: No Electric 500 to 999

Last Updated 8/27/2009 8:46:41 AM



	2008	2008
Category	Revenue	Per Capita
	$0	$0
Water/Sewer	0	0
Electric	0	0
Utility	0	0
Sales Tax	0	0
Sales & Services	0	0
Intergovernment	0	0
Debt Proceeds	0	0
Miscellaneous	0	0
Total	$0	$0

Municipal Population Group: No Electric 500 to 999

North CarolinaDepartment of State TreasurerFinancial InformationVillage of Walnut Creek

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Village of Walnut Creek