North Carolina
Department of State Treasurer
Financial Information
Town of Bridgeton

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

Institute of Government North Carolina Cities Web Site

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

Municipality Revenues and Expenditures Financial Profile Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$318,019	192,864	179,170	157,353	142,889	143,711
		Utility	158,035	139,161	122,077	140,487	121,026	116,612
		Sales Tax	74,197	64,697	60,961	71,824	74,683	76,418
		Sales & Services	445	1,825	12,730	-	-	-
		Intergovernmental	53,490	83,952	67,820	73,328	71,759	44,546
		Debt Proceeds	2,443	5,057	2,631	803	894	3,361
		Other Miscellaneous	15,112	4,725	19,424	8,372	11,769	10,842
		Total	$621,741	492,281	464,813	452,167	423,020	395,490

	Expenditures by Function
		Utility	$123,040	106,337	-	111,596	101,222	48,849
		Debt Service	48,849	48,826	49,275	50,022	48,931	143,920
		Transportation	59,257	25,046	43,762	29,427	54,500	21,782
		General Government	218,579	164,115	173,515	166,336	144,334	119,547
		Public Safety	148,703	130,919	88,427	86,002	80,993	38,877
		Other	26,243	22,609	117,680	13,210	12,790	12,848
		Total	$624,671	497,852	472,659	456,593	442,770	385,823

	Expenditures by Object
		Salaries & Wages	$166,903	172,878	121,304	102,088	90,349	62,612
		Capital Outlay	8,537	26,463	6,015	-	-	13,500
		Other Operating + Debt Service	449,231	298,511	345,340	354,505	352,421	309,711
		Total	$624,671	497,852	472,659	456,593	442,770	385,823


	Per Capita Revenues by Source
		Property Tax	$697	612	576	504	458	470
		Utility	347	442	393	450	388	381
		Sales Tax	163	205	197	230	239	249
		Sales & Services	1	6	41	-	-	-
		Intergovernmental	117	267	218	235	230	146
		Debt Proceeds	5	16	8	3	3	11
		Other Miscellaneous	33	15	62	27	38	35
		Total	$1,363	1,563	1,495	1,449	1,356	1,292

	Per Capita Expenditures by Function
		Utility	$270	338	-	358	324	160
		Debt Service	107	155	158	160	157	470
		Transportation	130	80	141	94	175	71
		General Government	479	519	559	533	462	391
		Public Safety	326	416	284	276	260	127
		Other	58	72	378	42	41	42
		Total	$1,370	1,580	1,520	1,463	1,419	1,261

	Per Capita Expenditures by Object
		Salaries & Wages	$366	549	390	327	290	205
		Capital Outlay	19	84	19	-	-	44
		Other Operating	985	947	1,111	1,136	1,129	1,012
		Total	$1,370	1,580	1,520	1,463	1,419	1,261

	Population Group		No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
		Number of Municipalites in Group	118	112	116	117	117	119
		Average Population In Group	264	256	261	260	259	260
		Town of Bridgeton Population	456	315	311	312	312	306
	Group Average Per Capita Revenues by Source
		Property Tax	888	614	450	506	464	472
		Utility	861	373	279	369	343	397
		Sales Tax	167	121	146	163	157	148
		Sales & Services	100	65	57	81	75	65
		Intergovernmental	465	442	569	536	462	330
		Debt Proceeds	46	640	29	35	23	242
		Other Miscellaneous	1,415	108	159	241	246	254
		Total	3,942	2,363	1,689	1,931	1,770	1,908

	Group Average Per Capita Expenditures by Function
		Utility	454	582	642	851	468	528
		Debt Service	318	181	71	134	82	175
		Transportation	154	162	114	204	145	154
		General Government	465	336	327	311	293	305
		Public Safety	432	278	234	254	212	239
		Other	737	910	258	348	482	291
		Total	2,560	2,449	1,646	2,102	1,682	1,692

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	592	454	348	400	361	369
		Capital Outlay	383	1,108	627	816	449	501
		Other Operating	1,585	887	671	886	872	822
		Total	2,560	2,449	1,646	2,102	1,682	1,692


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$472,158	360,045	342,736	321,095	301,994	278,878
	General Fund expenditures		452,782	342,689	319,191	294,975	292,618	201,868
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		39,500	41,000	50,000	44,700	62,673	70,837
	Capital leases and installment purchase proceeds		-	-	-	-	-	-
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(20,124)	(23,644)	(26,455)	(18,580)	(53,297)	6,173

	Fund balance available (FBA):
		In dollars	$139,392	162,197	177,989	203,949	223,627	266,612
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	28.32	42.27	48.21	60.04	62.94	97.77
		Group weighted average FBA %	119.64	120.75	124.89	116.82	119.65	123.14
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$60,864	65,311	48,238	30,129	19,435	(2,939)
		Quick ratio	2.54	2.87	2.03	1.68	1.52	0.95
		Net income	(23,369)	881	(15,016)	(15,972)	(16,768)	(26,225)
		Cashflow from operations	30,026	36,218	86,744	(22,692)	2,057	12,145
		Depreciation & Amortization Expense	58,563	57,823	56,140	56,041	54,641	53,762



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

		Population at July 1st of the Previous Year	456	315	311	312	312	306
		Population Group	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
		Cash &Investments	$217,526	$249,966	$267,217	$269,543	$269,734	$305,032
		Investment Earnings	292	288	889	5,373	8,260	6,580
		Tax Rate Equivalent	0.0004	0.0007	0.0024	0.0175	0.0270	0.0214
		Tax Rate Equivalent Group weighted average	0.0020	0.0052	0.0140	0.0403	0.0513	0.0318
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2010	2002	2002	2002	2002	2002
		January 1, Prior Year Assessed Valuation	$66,974,449	39,639,457	36,390,727	30,636,827	30,559,453	30,721,593
		Tax Rate	0.5000	0.5000	0.5000	0.5000	0.4700	0.4700
		Tax Rate Group weighted average	0.2606	0.3115	0.2821	0.2676	0.3651	0.3049
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	101.23	99.90	66.15	68.61	82.22	91.33
		Assessment -to-Sales Ratio Group weighted average	101.92	100.94	86.15	87.73	75.64	81.67
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$66,160,673	39,679,136	55,012,437	44,653,588	37,167,907	33,638,008
		EffectiveTax Rate	0.5062	0.4995	0.3308	0.3431	0.3864	0.4293
		Group weighted average Effective Tax Rate	0.2656	0.3144	0.2430	0.2348	0.2762	0.2490
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	94.9000	96.5000	96.2800	98.1100	97.9000	97.2300
		Percent Collected Group weighted average	97.49	95.46	95.87	96.32	97.25	97.71
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	95.29	96.89	97.45	99.53	99.70	98.89
		Percent Collected Excluding Motor Vehicles Group weighted average	97.80	96.03	96.70	97.12	97.74	98.29
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	86.73	91.80	83.63	85.25	83.75	84.75
		Percent Collected Motor Vehicles Only Group weighted average	82.90	83.33	82.99	84.77	83.59	84.25
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	30,328	20,837	21,386	15,989	16,399	17,867
		Tax Rate Equivalent	0.0453	0.0526	0.0588	0.0522	0.0537	0.0582
		Dominant County: Craven
	Debt Information
		Population Group	Under 500	Under 500	Under 500	Under 500	Under 500	Under 500
		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	$518,500	536,500	553,500	570,000	585,500	600,000
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	518,500	536,500	553,500	570,000	585,500	600,000
		Per Capita	$1,137	1,703	1,780	1,827	1,877	1,961
		Total Per Capita for the Population Group	479	591	161	155	201	217
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.7837%	1.3521%	1.0061%	1.2765%	1.5753%	1.7837%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1881%	0.3447%	0.0782%	0.0794%	0.1282%	0.1208%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$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	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		456	315	311	312	312	306

1.5A	FISCAL	Governmental Activities Assets	346,881	358,009	389,064	465,411	450,601	493,816
1.5B	SUMMARY	Governmental Activities Liabilities	11,433	6,589	11,561	68,645	7,536	4,571
3.5A		Business Type Activities Assets	1,354,898	1,392,543	1,421,370	1,450,822	1,476,967	1,524,958
3.5B		Business Type Activities Liabilties	539,141	553,417	583,125	597,561	607,733	638,957
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	313,415	189,951	177,934	153,642	140,424	140,817
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	3,275	986	549	3,177	2,073	2,262
13.0		Penalties and Interest	1,329	1,927	687	534	392	632
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax		31,697
16.0		1% Local Government Option Sales Tax	41,847	31,697		26,362	27,907	29,325
17.0		1/2% Local Government Option Sales Tax (40)	17,425	15,715		16,150	16,730	16,555
18.0		1/2% Local Government Option Sales Tax (42)	15,113	14,570		16,022	16,599	16,435
18.5		1/2% Local Government Option Sales Tax (44)	-188	2,715	60,961	13,290	13,447	14,103
19.0		Privilege Licenses	1,678	1,490	864	1,973	967	1,398
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses			3,145	266	2,042	2,509
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
30.0		Public Safety	16,638	30,507	16,066
31.0		Transportation - Streets		12,740
32.0		Transportation - All Other
33.0		Environmental Protection
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other
38.0		Culture & Recreation
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax		188
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	21,662	26,330	35,985	28,637	24,625	23,070
45.0		Beer and Wine Tax	1,388	444	1,401	1,447	1,383	1,365
46.0		Powell Bill	12,286	12,277	13,873	16,158	14,359	14,706
50.0		Court Fees - Facilities and Arrest Fees	1,516	1,466	495	1,730	1,104	5,405
51.0		General Government				25,356	30,288
52.0		Public Safety
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government
63.0	REVENUES	Public Safety
64.0		Transportation - Streets
65.0		Transportation - All Other
66.0		Environmental Protection
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits	7,242	1,947	14,526	760	500	355
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits	445	1,825	12,730
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	8,452	6,925
86.0	UTILITY	Water and Sewer Charges	149,583	132,236	122,077	140,487	121,026	116,612
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	292	288	889	5,373	8,260	6,580
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets	5,900	1,000
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution
98.0		Other Miscellaneous Revenues	2,443	5,057	2,631	803	894	3,361
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases
101.0		Other				9,415
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits						1,225
106.0		Deposits Other than Utility
107.0		Prepaid Taxes		-293
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages	26,400	19,200	19,200	50,562	47,040	39,758
109B	GENERAL	Governing Body - Other Direct	6,345	49,913	64,893	67,092	60,847	44,155
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E	2,637
110A		Administration - Salaries & Wages	44,760	51,792	41,829
110B		Administration - Other Direct	84,437
110C		Administration - Construction
110D		Administration - Purchase of P,P&E
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct	54,000	43,210	47,593	48,682	35,447	31,124
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages
118B		Gen. Govt. All Other - Other Direct					1,000	4,510
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	84,459	89,674	45,309	51,526	43,309	22,854
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	38,943	14,058	26,591	25,862	29,283	7,729
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	5,900	14,576
120A		Emergency Communications - Salaries & Wages
120B		Emergency Communications - Other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating
120C		ETSF Expenditures - Capital Construction
120D		ETSF Expenditures - Capital Purchases
121A		Emergency Mgmt - Salaries & Wages
121B		Emergency Mgmt - Other Direct
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E
122A		Fire - Salaries & Wages
122B		Fire - Other Direct	17,426	10,800	11,318	8,614	8,401	8,294
122C		Fire - Construction
122D		Fire - Purchase of P,P&E
123A		Inspectors - Salaries & Wages			3,600
123B		Inspectors - Other Direct
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages
124B		Rescue Units - Other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E
125A		Animal Control - Salaries & Wages
125B		Animal Control - Other Direct
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E
126A		Pub. Safety All Other - Salaries & Wages
126B		Pub. Safety All Other - Other Direct
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages	11,284	12,212	11,366
128B		Streets and Highways - Other Direct	21,767	3,335	32,396	29,427	54,500	21,782
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages
130B		Powell Bill - Other Direct	26,206	9,499
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages
135B		Transpor. All Other - Other Direct
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages
136B	MENTAL	Solid Waste - Other Direct			98,178	13,210	12,790	12,848
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E			6,015
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct	19,060	17,737	13,487
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages
140B	& PHYSICAL	Planning & Zoning - Other Direct
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages
153B	RECREATION	Recreation & Parks - Other Direct
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages
158B		Water & Sewer - Other Direct	123,040	94,450		111,596	101,222	35,349
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E		11,887				13,500
159A		Electric Power - Salaries & Wages
159B		Electric Power - Other Direct
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E
160A		Natural Gas - Salaries & Wages
160B		Natural Gas - Other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Purchase of P,P&E
161.1A		Storm Water - Salaries & Wages
161.1B		Storm Water - Other Direct
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees	30,849	31,826	32,775	33,522	34,431	124,563
161D	SERVICE	Water & Sewer - Principal	18,000	17,000	16,500	16,500	14,500	10,543
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees						460
166D		All Other - Principal						8,354
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	1,975	1,811	1,609
172B		Fringe Benefits Other	7,183	4,872
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	320,369.	181,250.00	181,398.00	138,614.00	126,347.00	124,331.00
180.0		Current year's levy -- Motor vehicles (only)	15,225.	15,198.00	16,762.00	15,338.00	16,017.00	16,487.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	15,103.	5,639.00	4,624.00	651.00	382.00	1,380.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	2,020	1,246	2,744	2,262	2,603	2,515
183.0	DATA	Percentage of Taxes Collected - All Property %	94.90	96.50	96.28	98.11	97.90	97.23
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	95.29	96.89	97.45	99.53	99.70	98.89
185.0		Percentage of Taxes Collected - Motor Vehicles %	86.73	91.80	83.63	85.25	83.75	84.75
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond
189C	INVEST	Cash On Hand & in Bank - All Other	217,526	249,966	267,217	269,543	269,734	305,032
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures Made During FY - B(1) - B(7)
191.0		Investment in Property - B(1) - B(4)
192.0		Amount Expended During FY - B(5) and B(7)
193.0		Amount of Tax Revenues Taken Into Account
194A	PART 9	Amount - Total Revenues	661,241	533,281	464,813	506,282	485,694	466,327
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In	39,500	41,000		44,700	62,674	70,837
194D		Amount - Net Revenues	621,741	492,281	464,813	461,582	423,020	395,490
		Calculated amount	621,741	523,978	464,813	461,582	423,020	395,490
		Amounts in AGREEMENT??	Yes	No	Yes	Yes	Yes	Yes
		Difference		-31,697
195A		Amount - Total Expenditures	664,171	538,852	472,659	501,293	505,444	456,660
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out	39,500	41,000		44,700	62,674	70,837
195D		Amount - Net Expenditures	624,671	497,852	472,659	456,593	442,770	385,823
		Calculated amount	624,671	497,852	472,659	456,593	442,770	385,823
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water
401B	Water /	Number of residential accounts billed Sewer
402A	Sewer	Amount processed and/or purchased in units Water
402B	Operations	Amount processed and/or purchased in units Sewer	2	1,345,300	1
403A		Total amount billed in units - Water
403B		Total amount billed in units - Sewer	2	1,345,300	1
404A		Of the total in 403A above how many units were Residential W
404B		Of the total in 403B above how many units were Residential S
405A		Of the total in 403 above, how many units were Outside Muni W
405B		Of the total in 403 above, how many units were Outside Muni S
406A		Of the total in 405A above how many units were Residential W
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk
408A		Dollars related to 403A above	15,804	13,034	10,600
408B		Dollars related to 403B above
409A		Dollars related to 404A above	8,967	7,781	7,314
409B		Dollars related to 404B above
410A		Dollars related to 405A above
410B		Dollars related to 405B above
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above
421A		Number of residential accounts billed - Water	238	239	237
421B		Number of residential accounts billed - Sewer
422A		Number of non-residential & bulk accounts billed - Water	57	54	51
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Rodman L. Williams
951.0		Title	Mayor
952.0		Date	10/27/2011	11/17/2010239	04/13/2010	12/08/2008	03/22/2008	11/27/2006
953.0		Contact	Elaine G Bryan
954.0		Title	Town Clerk/Finance Officer
955.0		Phone	252-637-3697
956.0		Fax	252-637-9844
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	456	315	311	312	312	306
Population Group	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below	No Electric 499 and Below
Total Operating Revenues	$149,583	132,236	122,077	140,487	121,027	116,612
Total Operating Revenues Per Capita	$328	420	393	450	388	381
Group Weighted Average Revenues Per Capita	48	310	269	257	249	393
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	121.41%	106.27%	126.41%	119.33%	128.79%	152.92%
Group Weighted Average	131.88%	116.25%	115.69%	122.36%	121.19%	98.70%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	-21.41%	-6.27%	-26.41%	-19.33%	-28.79%	-52.92%
Group Weighted Average	-31.88%	-16.25%	-15.69%	-22.36%	-21.19%	1.30%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	26.41%	31.01%	40.96%	31.82%	43.38%	60.75%
Group Weighted Average	19.34%	2.68%	5.24%	4.08%	4.88%	3.52%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	0.62%	0.13%	2.45%	0.25%	2.36%	1.71%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	-15.62%	0.67%	-12.30%	-11.37%	-13.85%	-22.49%
Group Weighted Average	368.53%	93.85%	67.24%	-15.32%	123.72%	65.04%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	2.54	2.87	2.03	1.68	1.52	0.95
Group Weighted Average	3.97	3.19	2.91	2.96	2.94	2.93
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	34.4	35.2	42.9	42.2	40.7
Group Weighted Average	7.3	48.7	52.0	51.2	94.9	57.3
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	260.5	387.3	308.6	5.1	153.0	107.9
Group Weighted Average	-68.1	576.5	644.3	551.0	477.8	463.6
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$30,026	36,218	86,744	-22,692	2,057	12,145

Debt to Equity	0.64	0.64	0.66	0.67	0.67	0.68
Group Weighted Average	0.09	0.07	0.06	0.07	0.08	0.11
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	1,137	1,703	1,780	1,827	1,877	1,961
Group Weighted Average	60	322	249	235	243	395
State Weighted Average	8	897	783	781	761	733

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

	2005	2004	2003	2002
	$5,000	0	0	0

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


Operating Statistics

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

Number of Gallons of Water Processed (000) omitted	0	0	0	0	0	NA
Number of Gallons of Sewage Processed (000) omitted	2	1,345,300	1	0	0	NA

Number of Gallons of Water Billed (000) omitted	0	0	0	0	0	NA
Number of Gallons of Sewage Billed (000) omitted	2	1,345,300	1	0	0	NA

Ratio of Water Billed to Water Processed						NA
Ratio of Sewage Billed to Sewage Processed	1.00000	1.00000	0.86207			NA

Total Revenue from Water Sales	0	0	0	0	0	NA
Total Revenue from Sewage Sales	15,804	13,034	10,600	0	0	NA

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

Group Average Sales per thousand Gallons Water	$0.00008	$11.89213	$19.73896	$3,526.31757	$3,934.54117	NA
Group Average Sales per thousand Gallons Sewage	$0.00012	$30.88977	$26.02486	$3,520.56518	$4,077.93505	NA

State Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons						NA
Residential Sewage Sales per thousand Gallons	$8,967.00000	0.00913	8,504.65116			NA

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

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

Financial Graphs and Comparisons

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

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	62.94%	60.04%	48.21%	42.27%	28.32%
Group average FBA %	119.65%	116.82%	124.89%	120.75%	119.64%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	119.65%	37.47%	29.01%

Municipal Population Group: No Electric 499 and Below

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2007 2008 2009 2010 2011

Municipality 97.90% 98.11% 96.28% 96.50% 94.90%

Pop. Group 97.25% 96.32% 95.87% 95.46% 97.49%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 499 and Below

	2007	2008	2009	2010	2011
Municipality	97.90%	98.11%	96.28%	96.50%	94.90%
Pop. Group	97.25%	96.32%	95.87%	95.46%	97.49%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 499 and Below

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2007 2008 2009 2010 2011

Municipality 1,877 1,827 1,780 1,703 1,137

Pop. Group 201 155 161 591 479

Statewide 478 456 455 449 450

Municipal Population Group: Under 500

	2007	2008	2009	2010	2011
Municipality	1,877	1,827	1,780	1,703	1,137
Pop. Group	201	155	161	591	479
Statewide	478	456	455	449	450

Municipal Population Group: Under 500

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2007 2008 2009 2010 2011

Property Tax $458 504 576 612 697

Utility 388 450 393 442 347

Sales Tax 239 230 197 205 163

Sales & Services 0 0 41 6 1

Intergovernmental 230 235 218 267 117

Debt Proceeds 3 3 8 16 5

Other Miscellaneous 38 27 62 15 33

Total $1,356 1,449 1,495 1,563 1,363

	2007	2008	2009	2010	2011
Property Tax	$458	504	576	612	697
Utility	388	450	393	442	347
Sales Tax	239	230	197	205	163
Sales & Services	0	0	41	6	1
Intergovernmental	230	235	218	267	117
Debt Proceeds	3	3	8	16	5
Other Miscellaneous	38	27	62	15	33
Total	$1,356	1,449	1,495	1,563	1,363

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2011
2011

Category Revenue
Per Capita

Property Tax $318,019
$697

Water/Sewer 8,452
19

Electric 149,583
328

Other Utilities 0
0

Sales Tax 74,197
163

Sales & Services 445
1

Intergovernment 53,490
117

Debt Proceeds 2,443
5

Miscellaneous 15,112
33

Total $621,741
$1,363

Municipal Population Group: No Electric 499 and Below

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2011
2011

Category Expenditures
Per Capita

General Government $218,579
$479

Water/Sewer 0
0

Electric 123,040
270

Other Utilities 0
0

Debt Service 48,849
107

Transportation 59,257
130

Public Safety 148,703
326

Other 26,243
58

Total $624,671
$1,370

Municipal Population Group: No Electric 499 and Below

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $166,903
$366

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 8,537
19

Other Operating 449,231
985

Total $624,671
$1,370

Municipal Population Group: No Electric 499 and Below

Last Updated 2/5/2012 2:01:09 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$318,019	$697
Water/Sewer	8,452	19
Electric	149,583	328
Other Utilities	0	0
Sales Tax	74,197	163
Sales & Services	445	1
Intergovernment	53,490	117
Debt Proceeds	2,443	5
Miscellaneous	15,112	33
Total	$621,741	$1,363

Municipal Population Group: No Electric 499 and Below

North CarolinaDepartment of State TreasurerFinancial InformationTown of Bridgeton

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Bridgeton