North Carolina
Department of State Treasurer
Financial Information
Town of Leland



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
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200820072006200520042003

Revenues by Source







Property Tax$1,781,095 1,308,826 871,724 669,761 553,672 405,749


Utility 2,026,670 2,003,880 1,864,940 1,455,886 1,065,649 349,891


Sales Tax 2,252,164 1,336,856 1,172,205 1,076,243 888,341 764,203


Sales & Services - - - - - 8,109


Intergovernmental 1,025,319 608,286 567,645 583,612 1,815,169 275,842


Debt Proceeds 582,844 2,610,000 1,500,000 275,000 4,884,478 -


Other Miscellaneous 1,800,823 2,237,952 2,330,670 1,148,831 100,620 1,385,582


Total$9,468,915 10,105,800 8,307,184 5,209,333 9,307,929 3,189,376










Expenditures by Function







Utility$1,410,163 555,133 400,923 639,825 6,476,939 1,381,489


Debt Service 839,171 404,515 392,433 512,356 434,888 61,579


Transportation 331,655 462,638 184,271 304,658 224,758 82,830


General Government 2,337,320 1,261,853 1,189,301 1,136,538 419,525 411,776


Public Safety 3,648,876 3,975,109 2,211,637 983,521 804,026 602,877


Other 932,247 1,116,794 170,873 280,873 421,305 351,085


Total$9,499,432 7,776,042 4,549,438 3,857,771 8,781,441 2,891,636










Expenditures by Object







Salaries & Wages$2,117,024 1,783,912 1,612,210 1,173,063 990,278 756,141


Capital Outlay 3,357,648 3,028,397 1,126,360 850,875 6,571,762 1,285,502


Other Operating + Debt Service 4,024,760 2,963,733 1,810,868 1,833,833 1,219,401 849,993


Total$9,499,432 7,776,042 4,549,438 3,857,771 8,781,441 2,891,636



















Per Capita Revenues by Source







Property Tax$173 136 168 140 118 96


Utility 197 208 359 304 227 83


Sales Tax 218 138 227 225 188 181


Sales & Services - - - - - 2


Intergovernmental 99 63 109 122 386 65


Debt Proceeds 57 271 289 57 1,039 -


Other Miscellaneous 175 232 449 240 21 329


Total$919 1,048 1,601 1,088 1,979 756










Per Capita Expenditures by Function







Utility$137 58 77 134 1,377 328


Debt Service 81 42 76 107 92 15


Transportation 32 48 36 64 48 20


General Government 228 130 229 237 89 97


Public Safety 354 412 426 205 171 143


Other 90 116 33 59 90 83


Total$922 806 877 806 1,867 686










Per Capita Expenditures by Object







Salaries & Wages$205 185 311 245 211 179


Capital Outlay 326 314 217 178 1,397 305


Other Operating 391 307 349 383 259 202


Total$922 806 877 806 1,867 686










Population GroupNo Electric 10,000 to 49,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Number of Municipalites in Group 38 121 119 116 114 111


Average Population In Group 20,391 4,808 4,820 4,759 4,871 4,838


Town of Leland Population 10,306 9,642 5,189 4,786 4,703 4,216

Group Average Per Capita Revenues by Source







Property Tax 397 312306296284282


Utility 308 316326307292279


Sales Tax 158 158154146140120


Sales & Services 71 7974706867


Intergovernmental 152 176160165184179


Debt Proceeds 244 10995657769


Other Miscellaneous 124 16112611097132


Total 1,454 1,3111,2411,1591,1421,128










Group Average Per Capita Expenditures by Function







Utility 267 334305290305298


Debt Service 135 979810110497


Transportation 127 11211210510090


General Government 226 160156154159136


Public Safety 322 312280268261249


Other 249 237209218199214


Total 1,326 1,2521,1601,1361,1281,084










Group Average Per Capita Expenditures by Object







Salaries & Wages 449 408390385359354


Capital Outlay 288 254205179208172


Other Operating 589 590565572561558


Total 1,326 1,2521,1601,1361,1281,084


















General Fund
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200820072006200520042003

General Fund revenues$6,398,448 5,249,367 4,763,658 3,179,087 1,815,576 1,532,888

General Fund expenditures 5,304,405 4,871,893 3,167,866 2,537,660 1,936,940 1,552,213

Operating transfers in 126,373 110,054 - - 122,500 75,000

Operating transfers out 794,000 409,972 924,787 86,000 10,000 45,687

Capital leases and installment purchase proceeds - 410,000 - - 126,615 149,934

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 426,416 487,556 671,005 555,427 117,751 159,922










Fund balance available (FBA):







In dollars$2,651,594 2,407,155 2,048,826 1,375,932 867,898 712,222


FBA as a % of GF Net Expenditures:







Unit's FBA %43.4849.4150.0652.4447.6849.19


Group weighted average FBA %43.4064.3162.3362.2261.3860.00


State weighted average Non-Electric Group36.4737.1436.5136.9036.4236.42


State weighted average FBA %36.2036.3736.3136.7636.3536.06

















Enterprise Funds:
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None













Combined financial results:







Working capital







Quick ratio







Net income







Cashflow from operations







Depreciation & Amortization Expense































Cash, Investments and Financing
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200820072006200520042003











Population at July 1st of the Previous Year10,3069,6425,1894,7864,7034,216


Population GroupNo Electric 10,000 to 49,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Cash &Investments$8,723,594 7,540,174 5,544,822 3,189,599 1,654,814 1,244,081


Investment Earnings289,677 391,942 173,439 51,242 11,172 12,373


Tax Rate Equivalent0.01970.05370.03570.01420.00370.0053


Tax Rate Equivalent Group weighted average0.03930.04390.03220.02120.01150.0166


Tax Rate Equivalent Statewide weighted average0.05240.09200.05730.04150.03400.0332


Latest year of Revaluation 200720032003200320031999


January 1, Prior Year Assessed Valuation$1,472,016,542 729,232,987 486,271,390 360,865,850 304,555,217 234,665,545


Tax Rate0.11660.18000.18000.18000.18000.1800


Tax Rate Group weighted average0.46370.31260.31910.36260.37590.3833


Tax Rate State Wide0.42540.44550.43210.44480.45660.4594


Assessment -to-Sales Ratio99.2962.5080.0087.38100.0081.22


Assessment -to-Sales Ratio Group weighted average89.9983.4791.5285.3189.2288.07


Assessment -to-Sales Ratio Statewide88.5288.4192.2892.3592.1889.54


Assessed Valuation Adjusted for Assesment to Sales Ratio$1,482,542,594 1,166,772,779 607,839,238 412,984,493 304,555,217 288,925,813


EffectiveTax Rate0.11580.11250.14400.15730.18000.1462


Group weighted average Effective Tax Rate0.41730.26100.29210.30930.33540.3376


Statewide weighted average Effective Tax Rate0.37650.39390.39870.41080.42090.4113


Percent Collected96.4397.0295.8095.8194.6893.17


Percent Collected Group weighted average97.6896.7696.7296.8596.7296.35


Percent Collected Statewide97.9797.5997.5597.4297.3196.96


Percent Collected Excluding Motor Vehicles97.0498.1696.8596.9596.1094.74


Percent Collected Excluding Motor Vehicles Group weighted average98.3498.0098.0897.9697.9197.84


Percent Collected Excluding Motor Vehicles Statewide weighted average98.6698.5998.6198.3698.2698.31


Percent Collected Motor Vehicles Only 88.2385.6385.1384.7379.5579.72


Percent Collected Motor Vehicles Only Group weighted average87.0986.0486.2285.8785.7684.39


Percent Collected Motor Vehicles Only Statewide weighted average 86.7486.7186.8087.3187.6286.69


Tax Uncollected14,692 38,807 36,684 27,235 29,198 27,718


Tax Rate Equivalent0.00100.00530.00750.00750.00960.0118


Dominant County: Brunswick






Debt Information








Population Group10,000 to 24,9995,000 to 9,9995,000 to 9,9992,500 to 4,9992,500 to 4,9992,500 to 4,999


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 Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group153 93 117 162 159 #N/A


Total Per Capita Statewide456 478 495 505 548 #N/A


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1585%0.0861%0.1199%0.1724%0.1878%#N/A


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4131%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 Government2,613,261 2,342,083 197,083 252,083 0 0


Total*$2,613,261 2,342,083 197,083 252,083 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
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LineSectionDescription200820072006200520042003

Population at July 1st of the Previous Year Adjusted for Boundry Changes10,3069,6425,1894,7864,7034,216









1ANon GASB34General Fund Assets




1,017,849
1BFISCAL General Fund Liabilities




77,080
2ASUMMARYDebt-service Assets





2B
Debt service Liabilities





3A
Enterprise Assets




2,592,608
3B
Enterprise Liabilities




29,932
4A
Internal Service Assets





4B
Internal service Liabilities





5A
Special Revenue Assets




2,702
1.5AGASB34Governmental Activities Assets24,384,44217,205,9026,500,0033,173,7692,107,080
1.5BFISCAL Governmental Activities Liabilities4,713,5135,242,0471,790,951359,896213,133
3.5ASUMMARYBusiness Type Activities Assets17,343,49915,235,66811,300,00610,181,5329,203,907
3.5B
Business Type Activities Liabilties2,654,4092,802,6774,194,3234,434,3454,584,379
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




5,752
7B
Capital Project Liabilities





8A
General Fixed Assets




1,166,859
9B
General Long term debt - Liabilities




116,802
10PART 2Current collections of unit-wide levy1,725,5281,262,527836,466623,416519,268378,184
11TAXCurrent collection of special tax districts





12REVENUESPrior years' levy collections27,88936,81023,43235,66924,72211,434
13
Penalties and interest27,6789,48911,82610,6769,68216,131
14
Collection of taxes previously written off





15
Animal tax





16
1% Local government sales and use tax895,038557,441535,988492,121462,938343,733
17
1/2% Local government sales and use taxes (Article 40)471,248271,352210,342193,415135,899175,763
18
1/2% Local government sales and use taxes (Article 42)466,233268,276209,186192,168133,376174,103
18.5
1/2% Local government sales and use taxes (Article 44)419,645239,787216,689198,539156,12870,604
19
Licenses Privilege



29,44530,181
19.1
Privilege - Occupational & business licensing & permit taxes
63,20043,95040,708

19.2
Privilege -- All other privileges and pemits113,738




20
General Municipal Vehicle Tax
295



21
Vehicle Tax for Public Transportation





22
Other licenses - Include CATV





23
Local occupancy tax





24
Prepared food tax





25
911 charges





26
Gross Receipts Tax on Short Term Vehicles Leases





27FEDERALFEDERAL Payment in lieu of taxes





28INTERGOVEquitable sharing of Federally forfeited property





29REVENUESGeneral government





30
Public safety





31
Transportation - Streets





32
Transportation - All other





33
Utility franchise tax





34
Housing/community development


20,125

35
All Other

86,203
1,538,704
36
Human services: Health, mental health, hospitals





37
All other





38
Culture and recreation





39STATEState Payment in Lieu of Taxes





40INTERGOVControlled substance tax





41REVENUESIntangibles tax reimbursement + Transistional Hold Harmless Revenues





42
Wireless Enhanced 911 Service Charges





43
Piped Natural Gas Charge Distribution





44
Utility franchise tax320,297254,895165,967122,197125,93496,825
45
Beer and Wine tax44,41523,44921,13920,817
17,653
46
Powell Bill307,936168,341161,941159,908124,516129,727
47
Food stamp purchases tax reimbursement





48
Inventories tax reimbursements





49
Senior Citizens Exemption - 50%





50
Court fees - Facilities and arrest fees5,645351551,335162321
51
General Government

132,240


52
Public safety74,109128,430
67,24225,85331,316
53
Transportation - Streets
33,136



54
Transportation - All other17,917




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 recreation255,000




61LOCALLOCAL Payment in lieu of taxes





62INTERGOVGeneral government





63REVENUESPublic safety





64
Transportatin - Streets





65
Transportation - All other





66
Environmental protection





67
Economic and physical development


191,988

68
Human Services: Health, Mental Health & Hosp





69
Human Services: All Other





70
Culture and recreation





71PERMITS Building permits755,6201,181,9611,304,819910,745
11,366
72& FEESInspection fees284,096491,083507,75960,07027,515
72.1
Amusements licensing and permit taxes





73
Other permits62,974




74SALES &Parking revenues





75SERVICESRents and royalties




8,109
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





86UTILITYWater and sewer charges2,026,6702,003,8801,864,9401,455,8861,065,649349,891
87REVENUESElectric charges





88
Gas charges





88.1
Storm Water Fees





89MISC.On bond proceeds





90REVENUESOn general and all other funds289,677391,942173,43951,24211,17212,373
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 revenues294,718109,471300,70386,06632,48846,413
99
Proceeds of the sale of bonds and notes



4,757,863
100
Proceeds of capital leases and installment purchases582,8442,610,0001,500,000275,000126,615
101
Other




1,285,249
102NON-REVSupplemental schools taxes - current levy collections





103RECEIPTSPrior 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





109APART 4Governing body - Salaries





109BGENERALGoverning body - All other Direct71,37855,24252,06933,54019,79612,626
109CGOVTGoverning body - Construction





109D
Governing body - Land, Equipment and Existing Structures



1,155
110A
Administration - Salaries367,862302,639594,807286,246228,842194,455
110B
Administration - All other Direct364,242254,343452,853193,924119,708113,449
110C
Administration - Construction





110D
Administration - Land, Equipment and Existing Structures

70,89166,46929,64536,917
111A
Elections (cost of) - Salaries





111B
Elections (cost of) - All other Direct

1,673
1,647
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

17,00817,15818,732
114C
Legal - Construction





114D
Legal - Land, Equipment, and Existing Structures





115A
Public Buildings - Salaries105,22578,230
67,133
13,409
115B
Public Buildings - All other Direct509,451319,750
186,942
40,396
115C
Public Buildings - Construction


285,126

115D
Public Buildings - Land, Equipment, and Existing Structures492,51814,000


524
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 - Salaries36,697




117B
Central Facilities - All other Direct278,492




117C
Central Facilites - Construction





117D
Central Facilites - Land, Equipment, and Existing Structures111,455




118A
General Government All Other - Salaries
26,298



118B
General Government All Other - All other Direct
211,351



118C
General Government All Other - Construction





118D
General Government All Other - Land, Equipment, and Existing Structures





119APUBLICPolice and Communications - Salaries1,154,540910,009723,976531,469527,970441,495
119BSAFETYPolice and Communications - All other Direct618,842559,244251,630177,18796,552121,251
119C
Police and Communications - Construction





119D
Police and Communications - Land, Equipment and Existing Structures82,848357,612898,12243,885137,4444,296
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 Direct20,000
20,000


122C
Fire - Construction1,368,581




122D
Fire - Land, Equipment, and Existing Structures
1,698,865



123A
Inspectors - Salaries217,751236,044230,527141,787

123B
Inspectors - All other Direct125,356135,63040,17716,533

123C
Inspectors - Construction





123D
Inspectors - Land, Equipment, and Existing Structures
13,30128,84326,893

124A
Rescue Units - Salaries





124B
Rescue Units - All other Direct
20,000
20,00020,00020,000
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





127ATRANSPORTraffic Engineering - Salaries





127BTATIONTraffic Engineering - All other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Land, Equipment, and Existing Structures





128A
Streets and Highways - Salaries

31,695
50,064
128B
Streets and Highways - All other Direct
35,461152,57672281,76248,699
128C
Streets and Highways - Construction241,960245,636



128D
Streets and Highways - Land, Equipment and Existing Structures



10,932
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
36,064
27,544

130B
State Street Aid Allocation - Powell Bill - All other Direct89,695103,267
276,39282,00034,131
130C
State Street Aid Allocation - Powell Bill - Construction





130D
State Street Aid Allocation - Powell Bill - Land, Equipment, and Existing Structures
42,210



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





136AENVIRONSolid Waste - Salaries





136BMENTALSolid Waste - All other Direct





136CPROTECTIONSolid 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





140AECONOMICPlanning and Zoning - Salaries197,900158,547

158,50196,142
140B& PHYSICALPlanning and Zoning - All other Direct185,330224,585

189,143122,630
140CDEVELOPPlanning and Zoning - Construction





140D
Planning and Zoning - Land, Equipment, and Existing Structures32,319


29,209
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


90,953

142B
Community Development - All other Direct

1,26679,2442,702
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




27,933
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





146AHUMANHealth - Salaries





146BSERVICESHealth - 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





153ACULTURE Recreation and Parks - Salaries37,04936,08131,20527,93124,90110,640
153BRECREATIONRecreation and Parks - All other Direct127,234168,828123,40255,08113,06911,404
153C
Recreation and Parks - Construction352,415




153D
Recreation and Parks - Land, Equipment, and Existing Structures
528,75315,00027,6643,78082,336
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





158AUTILITYWater and Sewer - Salaries





158B
Water and Sewer - All other Direct734,611427,113287,419238,987117,342220,060
158C
Water and Sewer - Construction675,552128,020113,504400,8386,359,5971,161,429
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





161BDEBTWater and Sewer - Debt Service Interest Payments54,907
91,849115,259126,967
161DSERVICEWater and Sewer - Debt Service Principal Payments163,028158,193237,893237,893237,893
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 Payments156,03666,6017,6917,6194,1962,447
166D
All Other - Debt Service Principal Payments465,200179,72155,000151,58565,83259,132
167BPENSIONDirect Benefit Program - Pension Fund operated by the Unit





168BFRINGEFringe Benefits Unallocated - (B)





169B
Separation Allowance - Law Enforcement Officers -(B)


7,4053,976
170B
Separation Allowance - Other Employees - (B)





171B
Supplemental Retirement Income Plan for Law Enforcement Officers - (B)60,95844,40418,36218,36218,08415,835
172B
Fringe Benefits Other - (B)





173A
Multi-County Library District, County, or Other Municipality Authority





173BINTERGOVMulti-County Library District, County, or Other Municipality (Item number)





173CEXPENDMulti-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 6Current Year Levy Excluding Motor Vehicles1,665,3691,182,368794,517590,217501,367363,566
180 OTHERCurrent Year Levy Motor Vehicles Only123,968118,96678,63360,43447,09942,336
181 DATAUncollected Taxes - Current Year's Levy - Excluding Motor Vehicles49,21321,71024,99018,00619,56819,132
182
Uncollected Taxes - Current Year's Levy - Motor Vehicles14,59617,09711,6949,2299,6308,586
183
Percentage of Taxes Collected - Current Year All Property96.4397.0295.8095.8194.6893.17
184
Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles97.0498.1696.8596.9596.1094.74
185
Percentage of Taxes Collected - Current Year - Motor Vehicles88.2385.6385.1384.7379.5579.72
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





189APART 7Cash on Hand and in Bank, and Securities - Held in Debt Service Fund





189BCASH &Cash on Hand and in Bank, and Securities - Construction Bond Fund - Unexpended bond proceeds247,3522,558,4311,354,486
174,025
189CINVESTCash on Hand and in Bank, and Securities - All Other8,723,5947,540,1745,544,8223,189,5991,654,8141,244,081
190A PARTAppropriations made during the fiscal year pursuant to subsections b (1- 7)





190B 8Expenditures 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.





194APART 9Amounts - Total Revenues and other financing sources per audit9,595,28810,215,8549,361,9715,295,3339,440,4293,310,063
194BFISCALAmounts - Subtract proceeds of refunding debt





194CSUMMARYAmounts - Subtract interfund transfers in126,373110,0541,054,78786,000132,500120,687
194D
Amounts - Net Revenues per AFIR9,468,91510,105,8008,307,1845,209,3339,307,9293,189,376


Calculated amount9,468,91510,105,8008,307,1845,209,3339,307,9293,189,376


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amounts - Total Expenditures and other financing sources per audit9,625,8057,886,0965,604,2253,943,7718,913,9413,012,323
195B
Amounts - Subtract payments to refunding debt escrow agent





195C
Amounts - Subtract interfund transfers out126,373110,0541,054,78786,000132,500120,687
195D
Amounts Net Expenditures per AFIR9,499,4327,776,0424,549,4383,857,7718,781,4412,891,636


Calculated amount9,499,4327,776,0424,549,4383,857,7718,781,4412,891,636


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference















PART 10















950
Name of Official SignatoryDONNA STRICKLAND


951
Title of OfficialFINANCE OFFICER


952
Date Certified12/31/200812/17/200712/07/2006


953
Person to ContactCLEMENT GOODSON


954
Title of Person to ContactACCOUTANT


955
Telephone Number910-371-0148


956
Facsimile Number910-392-3240






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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Leland













200820072006200520042003








Population
10,3069,6425,1894,7864,7034,216
Population Group
No Electric 10,000 to 49,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999
Total Operating Revenues
$2,026,6702,003,8801,864,9401,455,8861,065,649349,891
Total Operating Revenues Per Capita
$19720835930422783
Group Weighted Average Revenues Per Capita439397412394373354
State Weighted Average Revenues Per Capita364367356331308295








% to Total Operating Revenues






Operating Expenses
52.59%39.10%27.42%31.10%28.30%71.33%
Group Weighted Average
83.28%90.16%87.25%90.21%91.34%93.36%
State Weighted Average
86.74%82.44%81.55%85.60%89.13%90.84%








Operating Margin
47.41%60.90%72.58%68.90%71.70%28.67%
Group Weighted Average
16.72%9.84%12.75%9.79%8.66%6.64%
State Weighted Average
13.26%17.56%18.45%14.40%10.87%9.16%








Operating Transfers In/(out)
-8.16%-5.13%-3.49%1.79%-11.50%-21.44%
Group Weighted Average
-2.74%-2.12%0.26%-0.43%-5.40%-1.68%
State Weighted Average
3.96%-0.78%-0.58%-0.79%-1.21%-0.99%








Net Income before capital contributions
45.49%64.09%68.22%64.27%48.62%12.94%
Group Weighted Average
13.43%-0.97%6.51%7.51%0.89%4.57%
State Weighted Average
13.45%11.89%9.65%8.63%2.88%0.31%








Key Ratios and Cash Flow














Quick Ratio
12.6812.017.664.473.1517.31
Group Weighted Average
3.213.263.683.544.023.72
State Weighted Average
2.952.902.821.812.763.04








Days Sales in Receivables
30.733.022.921.49.914.2
Group Weighted Average
53.952.653.853.560.055.4
State Weighted Average
55.359.957.859.965.760.0








Days Cash on Hand
2,298.43,017.03,629.52,536.32,338.0837.0
Group Weighted Average
453.0462.5413.6388.8421.1468.9
State Weighted Average
457.8497.5458.0423.5407.9414.8








Cash flow from Operations
$1,290,5921,577,1341,543,9211,249,119967,907143,162








Debt to Equity
0.170.210.570.750.930.00
Group Weighted Average
0.440.280.250.230.270.22
State Weighted Average
0.560.550.520.520.520.50








Debt per Capita
2372717798959100
Group Weighted Average
897533484493509525
State Weighted Average
1,1361,091989929855852








Capital Expenditures:
200820072006200520042003


$675,552128,020113,504400,8386,359,5971,161,429










2002200120001999



$270,8745,66290,329225,039









Capital Contributions: Excluded from income above
$1,334,2231,696,43586,203191,9881,538,7040
















Operating Statistics














Estimated population of the areas served Water00NANANANA
Estimated population of the areas served Sewer05,000NANANANA








Number of Gallons of Water Processed (000) omitted00NANANANA
Number of Gallons of Sewage Processed (000) omitted092,959NANANANA








Number of Gallons of Water Billed (000) omitted00NANANANA
Number of Gallons of Sewage Billed (000) omitted0137,492NANANANA








Ratio of Water Billed to Water Processed

NANANANA
Ratio of Sewage Billed to Sewage Processed
1.47906NANANANA








Total Revenue from Water Sales00NANANANA
Total Revenue from Sewage Sales0839,045NANANANA








Water Revenue per 1000 gallons of Sales


NANANANA
Sewage Revenue per 1000 gallons of Sales

167.80900NANANANA








Group Average Sales per thousand Gallons Water$8,202.96943$1,842.80047NANANANA
Group Average Sales per thousand Gallons Sewage$6,820.24527$1,724.69791NANANANA








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








Residential Water Sales per thousand Gallons

NANANANA
Residential Sewage Sales per thousand Gallons
6.10249NANANANA








Water Sales per thousand Gallons outside Municipal Limits

NANANANA
Sewage Sales per thousand Gallons outside Municipal Limits

NANANANA








Total Water Sales per thousand gallons for Redistribution$0.000000.00000NANANANA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.00000NANANANA




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20042005200620072008
Unit's FBA %47.68%52.44%50.06%49.41%43.48%
Group average FBA %61.38%62.22%62.33%64.31%43.40%
State average Electric/Non Electric Group FBA %36.42%36.90%36.51%37.14%36.47%
State average FBA %36.35%36.76%61.38%36.37%36.20%






Municipal Population Group: No Electric 2,500 to 9,999

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Analysis of Property Tax

20042005200620072008
Municipality94.68%95.81%95.80%97.02%96.43%
Pop. Group96.72%96.85%96.72%96.76%97.68%
Statewide97.31%97.42%97.55%97.59%97.97%






Municipal Population Group: No Electric 2,500 to 9,999






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Analysis of General Obligation Debt

20042005200620072008
Municipality00000
Pop. Group15916211793153
Statewide548505495478456






Municipal Population Group: 5,000 to 9,999






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Analysis of Revenue

20042005200620072008
Property Tax$118140168136173
Utility227304359208197
Sales Tax188225227138218
Sales & Services00000
Intergovernmental3861221096399
Debt Proceeds1,0395728927157
Other Miscellaneous21240449232175
Total$1,9791,0881,6011,048919

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Analysis of Revenue for Fiscal 2008











2008
2008
CategoryRevenue
Per Capita
Property Tax$1,781,095
$173
Water/Sewer2,026,670
197
Electric0
0
Other Utilities0
0
Sales Tax2,252,164
218
Sales & Services0
0
Intergovernment1,025,319
99
Debt Proceeds582,844
57
Miscellaneous1,800,823
175
Total$9,468,915
$919





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Function for Fiscal 2008











2008
2008
CategoryExpenditures
Per Capita
General Government$2,337,320
$228
Water/Sewer1,410,163
137
Electric0
0
Other Utilities0
0
Debt Service839,171
81
Transportation331,655
32
Public Safety3,648,876
354
Other932,247
90
Total$9,499,432
$922





Municipal Population Group: No Electric 2,500 to 9,999





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Analysis of Expenditures by Object for Fiscal 2008






2008
2008
CategoryExpenditures
Per Capita
Salaries & Wages$2,117,024
$205
Water/Sewer Capital675,552
66
Electric Capital0
0
Other Capital2,682,096
260
Other Operating4,024,760
391
Total$9,499,432
$922





Municipal Population Group: No Electric 2,500 to 9,999






Last Updated 8/27/2009 8:55:56 AM