North Carolina
Department of State Treasurer
Financial Information
Town of Ossipee

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Financial Graphs and Comparisons
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Incorporated 12/09/2002.

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	$33,389	32,354	29,076	9,440	6,666	1,290
		Utility	71,241	69,894	52,743	49,721	53,971	27,302
		Sales Tax	90,563	86,468	79,212	75,801	54,661	26,175
		Sales & Services	15,253	15,853	11,595	11,840	-	-
		Intergovernmental	19,465	17,197	16,229	15,896	14,817	-
		Debt Proceeds	-	-	-	-	-	45,000
		Other Miscellaneous	7,148	4,246	1,988	1,432	1,138	764
		Total	$237,059	226,012	190,843	164,130	131,253	100,531

	Expenditures by Function
		Utility	$60,647	67,010	45,121	57,568	32,691	14,610
		Debt Service	11,176	11,026	11,126	10,963	11,050	5,450
		Transportation	-	-	-	-	-	-
		General Government	63,255	59,496	63,568	38,928	32,702	62,248
		Public Safety	22,303	21,302	20,104	17,819	12,341	1,204
		Other	36,265	39,069	40,813	30,033	-	-
		Total	$193,646	197,903	180,732	155,311	88,784	83,512

	Expenditures by Object
		Salaries & Wages	$25,577	11,457	11,026	1,730	-	-
		Capital Outlay	-	13,118	2,477	-	2,515	46,564
		Other Operating + Debt Service	168,069	173,328	167,229	153,581	86,269	36,948
		Total	$193,646	197,903	180,732	155,311	88,784	83,512


	Per Capita Revenues by Source
		Property Tax	$71	70	64	22	14	4
		Utility	152	152	116	115	115	76
		Sales Tax	193	188	174	177	116	73
		Sales & Services	32	34	26	27	-	-
		Intergovernmental	41	37	36	37	32	-
		Debt Proceeds	-	-	-	-	-	126
		Other Miscellaneous	15	9	4	3	2	2
		Total	$504	490	420	381	279	281

	Per Capita Expenditures by Function
		Utility	$129	145	99	134	70	41
		Debt Service	24	24	25	25	24	15
		Transportation	-	-	-	-	-	-
		General Government	135	129	140	90	69	174
		Public Safety	47	46	44	41	26	3
		Other	77	85	90	70	-	-
		Total	$412	429	398	360	189	233

	Per Capita Expenditures by Object
		Salaries & Wages	$54	25	24	4	-	-
		Capital Outlay	-	28	5	-	5	130
		Other Operating	358	376	369	356	184	103
		Total	$412	429	398	360	189	233

	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	117	117	119	121	124	126
		Average Population In Group	260	259	260	262	266	267
		Town of Ossipee Population	470	461	454	431	470	358
	Group Average Per Capita Revenues by Source
		Property Tax	478	467	472	449	472	437
		Utility	337	340	379	292	291	261
		Sales Tax	149	157	148	145	134	116
		Sales & Services	64	62	68	50	62	65
		Intergovernmental	507	467	331	618	491	397
		Debt Proceeds	62	59	274	13	96	23
		Other Miscellaneous	257	238	250	212	230	253
		Total	1,854	1,790	1,922	1,779	1,776	1,552

	Group Average Per Capita Expenditures by Function
		Utility	796	471	528	445	399	436
		Debt Service	126	83	175	151	82	75
		Transportation	191	145	154	172	151	117
		General Government	290	295	305	288	295	273
		Public Safety	240	213	239	212	252	221
		Other	329	486	291	528	402	297
		Total	1,972	1,693	1,692	1,796	1,581	1,419

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	378	363	369	327	348	298
		Capital Outlay	763	453	500	456	500	423
		Other Operating	831	877	823	1,013	733	698
		Total	1,972	1,693	1,692	1,796	1,581	1,419


General Fund Go to top of page			2008	2007	2006	2005	2004	2003
	General Fund revenues		$162,106	153,306	136,331	113,340	76,201	27,493
	General Fund expenditures		127,511	125,555	130,173	92,468	50,731	63,452
	Operating transfers in		-	-	-	-	-	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	-	-	-	-	45,000
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		34,595	27,751	6,158	20,872	25,470	9,041

	Fund balance available (FBA):
		In dollars	$102,493	64,010	42,346	36,176	18,865	(4,631)
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	80.38	50.98	32.53	39.12	37.19	-25.10
		Group weighted average FBA %	115.47	118.43	122.45	109.03	128.31	118.72
		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
	None

	Combined financial results:
		Working capital
		Quick ratio
		Net income
		Cashflow from operations
		Depreciation & Amortization Expense



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

		Population at July 1st of the Previous Year	470	461	454	431	470	358
		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	$203,786	175,682	137,674	132,365	125,721	92,466
		Investment Earnings	6,549	3,252	1,889	1,142	1,105	736
		Tax Rate Equivalent	0.0292	0.0146	0.0091	0.0058	0.0085	0.0188
		Tax Rate Equivalent Group weighted average	0.0397	0.0508	0.0318	0.0173	0.0098	0.0129
		Tax Rate Equivalent Statewide weighted average	0.0524	0.0920	0.0573	0.0415	0.0340	0.0332
		Latest year of Revaluation	2001	2001	2001	2001	2001	2001
		January 1, Prior Year Assessed Valuation	$22,420,315	22,228,382	20,722,341	19,595,338	12,978,642	3,917,104
		Tax Rate	0.1500	0.1500	0.1500	0.0500	0.0500	0.0000
		Tax Rate Group weighted average	0.2676	0.3651	0.3049	0.3181	0.3240	0.3336
		Tax Rate State Wide	0.4254	0.4455	0.4321	0.4448	0.4566	0.4594
		Assessment -to-Sales Ratio	90.49	91.40	94.91	95.29	98.64	97.63
		Assessment -to-Sales Ratio Group weighted average	87.73	75.64	81.67	87.64	94.38	82.33
		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	$24,776,566	24,319,893	21,833,675	20,563,898	13,157,585	4,012,193
		EffectiveTax Rate	0.1357	0.1371	0.1424	0.0476	0.0493	0.0000
		Group weighted average Effective Tax Rate	0.2348	0.2762	0.2490	0.2788	0.3058	0.2746
		Statewide weighted average Effective Tax Rate	0.3765	0.3939	0.3987	0.4108	0.4209	0.4113
		Percent Collected	93.54	93.94	93.29	91.55	93.19	96.52
		Percent Collected Group weighted average	96.62	97.25	97.71	97.79	97.61	89.81
		Percent Collected Statewide	97.97	97.59	97.55	97.42	97.31	96.96
		Percent Collected Excluding Motor Vehicles	93.41	93.39	93.27	91.52	92.97	96.55
		Percent Collected Excluding Motor Vehicles Group weighted average	97.13	97.74	98.29	98.48	98.45	98.35
		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	94.26	96.91	93.40	91.71	93.99	96.22
		Percent Collected Motor Vehicles Only Group weighted average	84.84	83.54	84.25	84.13	83.78	84.50
		Percent Collected Motor Vehicles Only Statewide weighted average	86.74	86.71	86.80	87.31	87.62	86.69
		Tax Uncollected	376	1,951	2,023	841	476	219
		Tax Rate Equivalent	0.0017	0.0088	0.0098	0.0043	0.0037	0.0056
		Dominant County: Alamance
	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	$62,500	64,750	66,750	68,750	70,500	72,250
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	62,500	64,750	66,750	68,750	70,500	72,250
		Per Capita	$133	140	147	160	150	202
		Total Per Capita for the Population Group	155	201	217	236	300	#N/A
		Total Per Capita Statewide	456	478	495	505	548	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales	0.2523%	0.2662%	0.3057%	0.3343%	0.5358%	1.8008%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.0794%	0.1282%	0.1208%	0.1597%	0.2110%	#N/A
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4131%	0.4706%	0.5275%	0.5588%	0.6442%	#N/A
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$0	0	0	0	0	0
		--General Government	0	0	0	0	0	0
		Total*	$0	0	0	0	0	0
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2008	2007	2006	2005	2004	2003
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		470	461	454	431	470	358

1A	Non GASB34	General Fund Assets						14,513
1B	FISCAL	General Fund Liabilities						5,472
2A	SUMMARY	Debt-service Assets
2B		Debt service Liabilities
3A		Enterprise Assets						439,084
3B		Enterprise Liabilities						76,244
4A		Internal Service Assets
4B		Internal service Liabilities
5A		Special Revenue Assets
1.5A	GASB34	Governmental Activities Assets	186,772	169,249	129,980	120,831	92,798
1.5B	FISCAL	Governmental Activities Liabilities	33,110	53,752	49,610	53,451	50,166
3.5A	SUMMARY	Business Type Activities Assets	361,056	374,727	382,314	400,010	433,234
3.5B		Business Type Activities Liabilties	72,090	74,131	69,991	71,778	73,053
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						46,564
9B		General Long term debt - Liabilities						45,000
10	PART 2	Current collections of unit-wide levy	31,170	30,246	28,148	9,085	6,503	1,204
11	TAX	Current collection of special tax districts
12	REVENUES	Prior years' levy collections	1,725	1,705	674	327	175	52
13		Penalties and interest	494	403	254	28	-12	34
14		Collection of taxes previously written off
15		Animal tax
16		1% Local government sales and use tax	90,563	86,468	79,212	75,801	54,661	11,463
17		1/2% Local government sales and use taxes (Article 40)						5,243
18		1/2% Local government sales and use taxes (Article 42)						5,173
18.5		1/2% Local government sales and use taxes (Article 44)						4,296
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
23		Local occupancy tax
24		Prepared food tax
25		911 charges
26		Gross Receipts Tax on Short Term Vehicles Leases
27	FEDERAL	FEDERAL Payment in lieu of taxes
28	INTERGOV	Equitable sharing of Federally forfeited property
29	REVENUES	General government
30		Public safety
31		Transportation - Streets
32		Transportation - All other
33		Utility franchise tax
34		Housing/community development
35		All Other
36		Human services: Health, mental health, hospitals
37		All other
38		Culture and recreation
39	STATE	State Payment in Lieu of Taxes
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	17,356	15,160	14,249	13,834	13,296
45		Beer and Wine tax	2,109	2,037	1,980	2,062	1,521
46		Powell Bill
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
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
72	& FEES	Inspection fees
72.1		Amusements licensing and permit taxes
73		Other permits
74	SALES &	Parking revenues
75	SERVICES	Rents and royalties
76		Airport
77		Fire protection charges
78		Solid waste	15,253	15,853	11,595	11,840
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	71,241	69,894	52,743	49,721	53,971	27,302
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	6,549	3,252	1,889	1,142	1,105	736
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	599	994	99	290	33	28
99		Proceeds of the sale of bonds and notes						45,000
100		Proceeds of capital leases and installment purchases
101		Other
102	NON-REV	Supplemental schools taxes - current levy collections
103	RECEIPTS	Prior years' levy collections
104		Tax collections for units other than reporting unit
105		Utilities customers' deposits	1,125	1,200	145
106		Deposits other than utility
107		Prepaid taxes
108		Prepaid privilege licenses
109A	PART 4	Governing body - Salaries	6,254
109B	GENERAL	Governing body - All other Direct	5,965	7,050	8,839	9,700	8,754	2,475
109C	GOVT	Governing body - Construction
109D		Governing body - Land, Equipment and Existing Structures
110A		Administration - Salaries	7,430	4,362	11,026	1,730
110B		Administration - All other Direct	12,660	13,917	10,620	3,760	5,146	2,430
110C		Administration - Construction
110D		Administration - Land, Equipment and Existing Structures		4,865	1,486		2,515
111A		Elections (cost of) - Salaries
111B		Elections (cost of) - All other Direct	1,682		718	60	1,111	60
111C		Elections (cost of) - Construction
111D		Elections (cost of) - Land, Equipment and Existing Structures
112A		Finance - Salaries	3,149	1,366
112B		Finance - All other Direct	9,201	8,298	6,125	5,396	4,099	562
112C		Finance - Construction
112D		Finance - Land, Equipment. and Existing Structures
113A		Taxes - Salaries
113B		Taxes - All other Direct	642	612	575
113C		Taxes - Construction
113D		Taxes - Land, Equipment, and Existing Structures
114A		Legal - Salaries
114B		Legal - All other Direct	11,428	13,431	16,619	15,374	8,723	8,799
114C		Legal - Construction
114D		Legal - Land, Equipment, and Existing Structures
115A		Public Buildings - Salaries
115B		Public Buildings - All other Direct	4,844	5,595	6,569	2,908	2,354	1,358
115C		Public Buildings - Construction
115D		Public Buildings - Land, Equipment, and Existing Structures			991			46,564
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
119B	SAFETY	Police and Communications - All other Direct
119C		Police and Communications - Construction
119D		Police and Communications - Land, Equipment and Existing Structures
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	20,739	20,103	18,905	17,237	12,341	1,204
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	1,564	1,199	1,199	582
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
128B		Streets and Highways - All other Direct
128C		Streets and Highways - Construction
128D		Streets and Highways - Land, Equipment and Existing Structures
129A		Street Cleaning - Salaries
129B		Street Cleaning - All other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Land, Equipment, and Existing Structures
130A		State Street Aid Allocation - Powell Bill - Salries
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
135C		Transportation - All Other - Construction
135D		Transportation - All Other - Land, Equipment, and Existing Structures
136A	ENVIRON	Solid Waste - Salaries
136B	MENTAL	Solid Waste - All other Direct	36,265	39,069	40,813	30,033
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
153D		Recreation and Parks - Land, Equipment, and Existing Structures
154A		Coliseum - Salaries
154B		Coliseum - All other Direct
154C		Coliseum - Construction
154D		Coliseum - Land, Equipment, and Existing Structures
155A		Museums - Salaries
155B		Museums - All other Direct
155C		Museums - Construction
155D		Museums - Land, Equipment, and Existing Structures
156A		Libraries - Salaries
156B		Libraries - All other Direct
156C		Libraries - Construction
156D		Libraries - Land, Equipment, and Existing Structures
157A		Culture and Recreation - All Other - Salaries
157B		Human Services - All Other - All other Direct
157C		Human Services - All Other - Construction
157D		Human Services - All Other - Land, Equipment, and Existing Structures
158A	UTILITY	Water and Sewer - Salaries	8,744	5,729
158B		Water and Sewer - All other Direct	51,903	53,028	45,121	57,568	32,691	14,610
158C		Water and Sewer - Construction
158D		Water and Sewer - Land, Equipment, and Existing Structures		8,253
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	3,238	3,338	3,438	3,268	3,612	3,700
161D	SERVICE	Water and Sewer - Debt Service Principal Payments	2,250	2,000	2,000	2,007	1,750	1,750
162B		Electric - Debt Service Interest Payments
162D		Electric - Debt Service Principal Payments
163B		Gas - Debt Service Interest Payments
163D		Gas - Debt Service Principal Payments
164B		School - Debt Service Interest Payments
164D		School - Debt Service Principal Payments
165B		Hospital - Debt Service Interest Payments
165D		Hospital - Debt Service Principal Payments
166B		All Other - Debt Service Interest Payments	1,320	1,479	1,659	1,834	2,025
166D		All Other - Debt Service Principal Payments	4,368	4,209	4,029	3,854	3,663
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)
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	28,412	27,153	25,351	8,502	5,505	5,631
180	OTHER	Current Year Levy Motor Vehicles Only	4,911	5,044	4,820	1,448	1,482	662
181	DATA	Uncollected Taxes - Current Year's Levy - Excluding Motor Vehicles	1,871	1,795	1,705	721	387	194
182		Uncollected Taxes - Current Year's Levy - Motor Vehicles	282	156	318	120	89	25
183		Percentage of Taxes Collected - Current Year All Property	93.54	93.94	93.29	91.55	93.19	96.52
184		Percentage of Taxes Collected - Current Year - Excluding Motor Vehicles	93.41	93.39	93.27	91.52	92.97	96.55
185		Percentage of Taxes Collected - Current Year - Motor Vehicles	94.26	96.91	93.40	91.71	93.99	96.22
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	203,786	175,682	137,674	132,365	125,721	92,466
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	237,059	226,012	190,843	164,130	131,253	100,531
194B	FISCAL	Amounts - Subtract proceeds of refunding debt
194C	SUMMARY	Amounts - Subtract interfund transfers in
194D		Amounts - Net Revenues per AFIR	237,059	226,012	190,843	164,130	131,253	100,531
		Calculated amount	237,059	226,012	190,843	164,130	131,253	100,531
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amounts - Total Expenditures and other financing sources per audit	193,646	197,903	180,732	155,311	88,784	83,512
195B		Amounts - Subtract payments to refunding debt escrow agent
195C		Amounts - Subtract interfund transfers out
195D		Amounts Net Expenditures per AFIR	193,646	197,903	180,732	155,311	88,784	83,512
		Calculated amount	193,646	197,903	180,732	155,311	88,784	83,512
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

	PART 10

950		Name of Official Signatory	Richard Overman
951		Title of Official	Finance Director
952		Date Certified	11/13/2008	11/15/2007	11/10/2006
953		Person to Contact	Bobby J. Massey
954		Title of Person to Contact	CPA
955		Telephone Number	336-584-0171
956		Facsimile Number	336-584-8249

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

	2008	2007	2006	2005	2004	2003

Population	470	461	454	431	470	358
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	$71,255	69,991	52,743	49,721	53,971	27,302
Total Operating Revenues Per Capita	$152	152	116	115	115	76
Group Weighted Average Revenues Per Capita	595	613	650	500	458	433
State Weighted Average Revenues Per Capita	364	367	356	331	308	295

% to Total Operating Revenues
Operating Expenses	116.98%	115.88%	127.01%	159.34%	100.25%	85.22%
Group Weighted Average	108.83%	101.54%	96.89%	104.72%	113.88%	111.86%
State Weighted Average	86.74%	82.44%	81.55%	85.60%	89.13%	90.84%

Operating Margin	-16.98%	-15.88%	-27.01%	-59.34%	-0.25%	14.78%
Group Weighted Average	-8.83%	-1.54%	3.11%	-4.72%	-13.88%	-11.86%
State Weighted Average	13.26%	17.56%	18.45%	14.40%	10.87%	9.16%

Operating Transfers In/(out)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	-37.54%	5.75%	11.19%	4.46%	-1.78%	-1.67%
State Weighted Average	3.96%	-0.78%	-0.58%	-0.79%	-1.21%	-0.99%

Net Income before capital contributions	-16.32%	-16.76%	-30.16%	-63.76%	-4.92%	10.72%
Group Weighted Average	-49.57%	1.56%	12.89%	-5.37%	-12.02%	-13.35%
State Weighted Average	13.45%	11.89%	9.65%	8.63%	2.88%	0.31%

Key Ratios and Cash Flow

Quick Ratio	8.02	6.02	15.98	16.26	15.67	17.41
Group Weighted Average	2.94	2.93	2.92	1.92	2.91	3.17
State Weighted Average	2.95	2.90	2.82	1.81	2.76	3.04

Days Sales in Receivables	29.8	31.9	30.6	26.5	29.4	56.8
Group Weighted Average	60.9	93.0	57.8	67.2	65.9	57.3
State Weighted Average	55.3	59.9	57.8	59.9	65.7	60.0

Days Cash on Hand	532.6	523.4	622.5	495.5	1,076.9	2,310.1
Group Weighted Average	405.4	377.8	421.0	376.8	361.6	392.6
State Weighted Average	457.8	497.5	458.0	423.5	407.9	414.8

Cash flow from Operations	$11,028	15,512	7,171	-6,606	19,853	15,783

Debt to Equity	0.22	0.22	0.21	0.21	0.19	0.19
Group Weighted Average	0.14	0.15	0.15	0.13	0.12	0.14
State Weighted Average	0.56	0.55	0.52	0.52	0.52	0.50

Debt per Capita	133	140	147	160	146	197
Group Weighted Average	855	883	920	611	531	577
State Weighted Average	1,136	1,091	989	929	855	852

Capital Expenditures:	2008	2007	2006	2005	2004	2003
	$0	8,253	0	0	0	0

	2002	2001	2000	1999
	$0	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	454	NA	NA	NA	NA
Estimated population of the areas served Sewer	0	0	NA	NA	NA	NA

Number of Gallons of Water Processed (000) omitted	9,115	8,504	NA	NA	NA	NA
Number of Gallons of Sewage Processed (000) omitted	0	0	NA	NA	NA	NA

Number of Gallons of Water Billed (000) omitted	8,204	8,418	NA	NA	NA	NA
Number of Gallons of Sewage Billed (000) omitted	0	0	NA	NA	NA	NA

Ratio of Water Billed to Water Processed	0.90005	0.98989	NA	NA	NA	NA
Ratio of Sewage Billed to Sewage Processed			NA	NA	NA	NA

Total Revenue from Water Sales	70,278	69,289	NA	NA	NA	NA
Total Revenue from Sewage Sales	0	0	NA	NA	NA	NA

Water Revenue per 1000 gallons of Sales		152.61894	NA	NA	NA	NA
Sewage Revenue per 1000 gallons of Sales			NA	NA	NA	NA

Group Average Sales per thousand Gallons Water	$3,526.31757	$3,934.54117	NA	NA	NA	NA
Group Average Sales per thousand Gallons Sewage	$2,331.22681	$2,500.46314	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	$9.33638	8.14797	NA	NA	NA	NA
Residential Sewage Sales per thousand Gallons			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 %	37.19%	39.12%	32.53%	50.98%	80.38%
Group average FBA %	128.31%	109.03%	122.45%	118.43%	115.47%
State average Electric/Non Electric Group FBA %	36.42%	36.90%	36.51%	37.14%	36.47%
State average FBA %	36.35%	36.76%	128.31%	36.37%	36.20%

Municipal Population Group: No Electric 499 and Below

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2004 2005 2006 2007 2008

Municipality 93.19% 91.55% 93.29% 93.94% 93.54%

Pop. Group 97.61% 97.79% 97.71% 97.25% 96.62%

Statewide 97.31% 97.42% 97.55% 97.59% 97.97%

Municipal Population Group: No Electric 499 and Below

	2004	2005	2006	2007	2008
Municipality	93.19%	91.55%	93.29%	93.94%	93.54%
Pop. Group	97.61%	97.79%	97.71%	97.25%	96.62%
Statewide	97.31%	97.42%	97.55%	97.59%	97.97%

Municipal Population Group: No Electric 499 and Below

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2004 2005 2006 2007 2008

Municipality 150 160 147 140 133

Pop. Group 300 236 217 201 155

Statewide 548 505 495 478 456

Municipal Population Group: Under 500

	2004	2005	2006	2007	2008
Municipality	150	160	147	140	133
Pop. Group	300	236	217	201	155
Statewide	548	505	495	478	456

Municipal Population Group: Under 500

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2004 2005 2006 2007 2008

Property Tax $14 22 64 70 71

Utility 115 115 116 152 152

Sales Tax 116 177 174 188 193

Sales & Services 0 27 26 34 32

Intergovernmental 32 37 36 37 41

Debt Proceeds 0 0 0 0 0

Other Miscellaneous 2 3 4 9 15

Total $279 381 420 490 504

	2004	2005	2006	2007	2008
Property Tax	$14	22	64	70	71
Utility	115	115	116	152	152
Sales Tax	116	177	174	188	193
Sales & Services	0	27	26	34	32
Intergovernmental	32	37	36	37	41
Debt Proceeds	0	0	0	0	0
Other Miscellaneous	2	3	4	9	15
Total	$279	381	420	490	504

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2008
2008

Category Revenue
Per Capita

Property Tax $33,389
$71

Water/Sewer 71,241
152

Electric 0
0

Other Utilities 0
0

Sales Tax 90,563
193

Sales & Services 15,253
32

Intergovernment 19,465
41

Debt Proceeds 0
0

Miscellaneous 7,148
15

Total $237,059
$504

Municipal Population Group: No Electric 499 and Below

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2008
2008

Category Expenditures
Per Capita

General Government $63,255
$135

Water/Sewer 60,647
129

Electric 0
0

Other Utilities 0
0

Debt Service 11,176
24

Transportation 0
0

Public Safety 22,303
47

Other 36,265
77

Total $193,646
$412

Municipal Population Group: No Electric 499 and Below

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2008
2008

Category Expenditures
Per Capita

Salaries & Wages $25,577
$54

Water/Sewer Capital 0
0

Electric Capital 0
0

Capital Outlay 0
0

Other Operating 168,069
358

Total $193,646
$412

Municipal Population Group: No Electric 499 and Below

Last Updated 8/27/2009 9:07:36 AM



	2008	2008
Category	Revenue	Per Capita
Property Tax	$33,389	$71
Water/Sewer	71,241	152
Electric	0	0
Other Utilities	0	0
Sales Tax	90,563	193
Sales & Services	15,253	32
Intergovernment	19,465	41
Debt Proceeds	0	0
Miscellaneous	7,148	15
Total	$237,059	$504

Municipal Population Group: No Electric 499 and Below

North CarolinaDepartment of State TreasurerFinancial InformationTown of Ossipee

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Ossipee