North Carolina
Department of State Treasurer
Financial Information
Town of Carthage

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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The AFIR report that was due 10/31/2011 has not been received as of 01/28/2012

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	$0	1,068,422	1,049,432	1,018,167	800,584	712,028
		Utility	-	1,078,780	1,014,995	963,507	939,281	933,021
		Sales Tax	-	436,930	460,848	500,622	495,110	470,857
		Sales & Services	-	205,524	175,122	161,914	131,319	145,029
		Intergovernmental	-	255,640	296,602	310,375	212,078	197,857
		Debt Proceeds	-	23,127	34,660	969,717	704,513	155,020
		Other Miscellaneous	-	48,171	110,651	292,803	116,027	227,466
		Total	$0	3,116,594	3,142,310	4,217,105	3,398,912	2,841,278

	Expenditures by Function
		Utility	$0	878,494	974,128	794,911	728,813	625,631
		Debt Service	-	248,617	221,444	211,234	186,843	206,509
		Transportation	-	339,049	303,066	265,989	233,460	220,840
		General Government	-	495,881	462,271	423,528	381,618	357,695
		Public Safety	-	1,017,576	1,000,363	992,385	1,091,304	840,697
		Other	-	204,233	200,828	178,546	157,536	142,750
		Total	$0	3,183,850	3,162,100	2,866,593	2,779,574	2,394,122

	Expenditures by Object
		Salaries & Wages	$0	1,267,758	1,200,729	1,132,464	978,788	915,615
		Capital Outlay	-	165,352	270,942	200,636	448,294	232,050
		Other Operating + Debt Service	-	1,750,740	1,690,429	1,533,493	1,352,492	1,246,457
		Total	$0	3,183,850	3,162,100	2,866,593	2,779,574	2,394,122


	Per Capita Revenues by Source
		Property Tax	$0	458	463	454	362	327
		Utility	-	462	448	429	424	429
		Sales Tax	-	186	202	223	225	216
		Sales & Services	-	88	77	72	59	67
		Intergovernmental	-	110	131	138	96	91
		Debt Proceeds	-	10	15	432	318	71
		Other Miscellaneous	-	21	49	130	52	104
		Total	$0	1,335	1,385	1,878	1,536	1,305

	Per Capita Expenditures by Function
		Utility	$0	376	430	354	329	287
		Debt Service	-	107	98	94	84	95
		Transportation	-	145	134	118	105	101
		General Government	-	212	202	189	174	165
		Public Safety	-	436	441	442	493	386
		Other	-	88	89	80	71	66
		Total	$0	1,364	1,394	1,277	1,256	1,100

	Per Capita Expenditures by Object
		Salaries & Wages	$0	543	529	504	442	421
		Capital Outlay	-	71	119	89	203	107
		Other Operating	-	750	746	684	611	572
		Total	$0	1,364	1,394	1,277	1,256	1,100

	Population Group		No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Number of Municipalites in Group	112	96	100	101	101	103
		Average Population In Group	1,623	1,660	1,652	1,661	1,642	1,638
		Town of Carthage Population	2,213	2,334	2,268	2,245	2,213	2,177
	Group Average Per Capita Revenues by Source
		Property Tax	440	414	422	406	369	348
		Utility	553	435	436	423	430	399
		Sales Tax	158	153	178	201	195	180
		Sales & Services	105	82	76	80	77	71
		Intergovernmental	277	233	228	217	220	243
		Debt Proceeds	35	39	33	46	38	46
		Other Miscellaneous	106	129	162	261	203	273
		Total	1,674	1,485	1,535	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	556	499	531	572	461	487
		Debt Service	142	130	154	126	110	108
		Transportation	149	142	148	140	142	131
		General Government	243	204	216	265	201	222
		Public Safety	402	348	350	384	346	326
		Other	204	177	201	203	206	205
		Total	1,696	1,500	1,600	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	548	465	480	450	427	402
		Capital Outlay	258	258	302	483	305	373
		Other Operating	890	777	818	757	733	704
		Total	1,696	1,500	1,600	1,690	1,465	1,479


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$2,012,009	2,047,543	2,125,041	2,279,985	2,116,329	1,642,638
	General Fund expenditures		2,098,494	2,176,371	2,093,509	1,998,241	1,975,676	1,681,148
	Operating transfers in		5,000	500	-	-	-	3,600
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	107,444	-	-	-	169,513
	Other items		-	-	-	-	-	-
	Excess of revenues and other sources over (under) expenditures and other uses		(81,485)	(20,884)	31,532	281,744	140,653	134,603

	Fund balance available (FBA):
		In dollars	$0	1,360,110	1,295,342	1,217,006	1,018,229	925,532
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	0.00	65.74	61.87	60.90	51.54	61.23
		Group weighted average FBA %	73.24	66.79	66.05	62.44	65.48	64.58
		State weighted average Non-Electric Group	38.21	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	38.21	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	$505,920	468,995	377,173	783,524	841,169	437,214
		Quick ratio	3.81	3.45	2.51	3.98	7.50	3.95
		Net income	(128,525)	(29,030)	315,623	823,455	342,640	177,921
		Cashflow from operations	155,947	1,071,274	165,164	204,237	193,688	318,284
		Depreciation & Amortization Expense	292,431	277,057	269,778	246,719	235,844	233,254



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

		Population at July 1st of the Previous Year	2,213	2,334	2,268	2,245	2,213	2,177
		Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$0	$1,981,271	$1,907,563	$2,184,444	$1,993,485	$1,522,624
		Investment Earnings	0	12,500	35,100	94,056	81,296	39,954
		Tax Rate Equivalent	0.0000	0.0060	0.0171	0.0474	0.0544	0.0303
		Tax Rate Equivalent Group weighted average	0.0032	0.0045	0.0131	0.0261	0.0409	0.0283
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2007	2007	2007	2007	2003	2003
		January 1, Prior Year Assessed Valuation	$211,332,895	209,961,895	205,360,901	198,538,693	149,379,409	131,977,733
		Tax Rate	0.4000	0.4000	0.4000	0.4000	0.4200	0.4200
		Tax Rate Group weighted average	0.2802	0.2970	0.2983	0.2860	0.3424	0.3297
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	98.30	96.52	94.12	100.00	89.66	97.16
		Assessment -to-Sales Ratio Group weighted average	100.84	97.69	86.77	88.94	79.96	85.71
		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	$214,987,686	217,532,009	218,190,503	198,538,693	166,606,524	135,835,460
		EffectiveTax Rate	0.3932	0.3861	0.3765	0.4000	0.3766	0.4081
		Group weighted average Effective Tax Rate	0.2826	0.2901	0.2589	0.2544	0.2737	0.2826
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	0.0000	98.8900	98.8700	98.7900	98.6500	98.5200
		Percent Collected Group weighted average	96.37	95.37	95.99	96.86	97.18	96.94
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	0.00	98.90	99.31	99.22	99.50	99.54
		Percent Collected Excluding Motor Vehicles Group weighted average	97.01	95.99	96.67	97.78	98.01	97.76
		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	0.00	98.78	93.41	94.26	91.94	90.47
		Percent Collected Motor Vehicles Only Group weighted average	84.23	85.45	84.60	85.16	86.07	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	0	81,501	85,254	96,091	94,662	83,330
		Tax Rate Equivalent	0.0000	0.0388	0.0415	0.0484	0.0634	0.0631
		Dominant County: Moore
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$0	0	0	0	0	0
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	0	0	0	0	0	0
		Per Capita	$0	0	0	0	0	0
		Total Per Capita for the Population Group	#N/A	256	265	277	294	297
		Total Per Capita Statewide	#N/A	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%	0.0000%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	#N/A	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	#N/A	0.4104%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt	$0

		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	194,496	243,120	291,744	340,368	388,992


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		2,213	2,334	2,268	2,245	2,213	2,177

1.5A	FISCAL	Governmental Activities Assets		3,757,444	3,840,945	3,875,791	3,571,572	3,177,911
1.5B	SUMMARY	Governmental Activities Liabilities		1,171,466	1,151,133	1,243,110	1,287,434	995,000
3.5A		Business Type Activities Assets		7,368,240	7,571,423	7,262,597	6,198,460	5,932,693
3.5B		Business Type Activities Liabilties		385,197	559,350	566,147	432,217	509,090
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy		1,050,242	1,033,191	1,000,844	784,565	697,748
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections		9,145	11,680	12,364	11,738	10,341
13.0		Penalties and Interest		9,035	4,561	4,959	4,281	3,939
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax
15.1		Solid Waste Disposal Tax
16.0		1% Local Government Option Sales Tax		436,930	460,848	500,622	495,110	470,857
17.0		1/2% Local Government Option Sales Tax (40)
18.0		1/2% Local Government Option Sales Tax (42)
18.5		1/2% Local Government Option Sales Tax (44)
19.0		Privilege Licenses		4,813	4,503	5,385	6,800	4,773
19.2		Privilege -- All other privileges and pemits			8,956	9,162	8,648	8,467
20.0		Auto Licenses		8,588
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses
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			28,541	107,997	41,128	33,466
31.0		Transportation - Streets
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
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		164,966	177,018	103,439	82,367	74,680
45.0		Beer and Wine Tax		3,236	10,082	10,194	9,837	9,580
46.0		Powell Bill		68,499	76,965	85,472	75,969	77,390
50.0		Court Fees - Facilities and Arrest Fees		2,647	3,496	2,773	2,277	2,241
51.0		General Government
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		15,792
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		500	500	500	500	500
69.0		Human Services - All Other
70.0		Culture and Recreation
71.0	PERMITS	Building Permits
72.0	& FEES	Inspection Fees
72.1		Amusements licensing and permit taxes
73.0		Other Permits		4,200	5,385	8,686	4,375	4,700
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties		62,190	30,593	37,840	36,281	39,822
76.0		Airport
77.0		Fire Protection Charges		4,487	2,787	2,787	2,552	2,552
78.0		Solid Waste		133,747	135,357	111,601	88,111	91,705
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries		900	1,000	1,000		6,250
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		12,000	12,000	17,000	15,000	35,000
86.0	UTILITY	Water and Sewer Charges		1,066,780	1,002,995	946,507	924,281	898,021
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		12,500	35,100	94,056	81,296	39,954
91.0		Special Assessments
92.0		Private Contributions and Donations		9,167	50,630	160,300	250	420
93.0		Sales of Materials and Fixed Assets		11,280	9,675	21,488	18,077	3,250
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals		1,002	931	776	332	297
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution		821	856	1,636	624	792
98.0		Other Miscellaneous Revenues		23,127	34,660	969,717	704,513	155,020
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases						169,513
101.0		Other
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
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses
109A	PART 4	Governing Body - Salaries & Wages		9,689	9,473	9,850	14,060	13,772
109B	GENERAL	Governing Body - Other Direct		5,217	8,686	10,471	9,224	9,013
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages		194,137	190,369	173,234	179,626	153,698
110B		Administration - Other Direct		128,061	113,344	87,192	65,977	78,693
110C		Administration - Construction
110D		Administration - Purchase of P,P&E		938	4,625	6,883	3,440
111A		Elections - Salaries & Wages
111B		Elections - Other Direct		5,123		2,311		1,470
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages		68,319	66,691	62,842	57,015	53,200
112B		Finance - Other Direct		648	728	688	608	789
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		3,801	3,000	3,250	1,200	1,200
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages						1,938
115B		Public Buildings - Other Direct		67,978	65,355	66,807	50,468	43,922
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E		11,970
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
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		544,669	544,986	550,211	430,201	415,527
119B	SAFETY	Police & Comm - Traffic Control - Other Direct		85,219	69,548	87,111	111,498	88,647
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E		107,444		33,633	1,595	169,513
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		132,053	127,901	113,064	86,904	65,412
122B		Fire - Other Direct		110,580	125,472	99,014	68,183	70,353
122C		Fire - Construction
122D		Fire - Purchase of P,P&E		20,850	112,237	88,250	376,822	14,017
123A		Inspectors - Salaries & Wages
123B		Inspectors - Other Direct
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages
124B		Rescue Units - Other Direct			3,000	3,000		3,000
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		102,408	83,983	57,607	52,436	46,965
128B		Streets and Highways - Other Direct		114,242	112,489	101,567	91,122	81,910
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E			7,432	22,002	12,217	11,470
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		47,816	46,332	43,689	41,859	38,507
130B		Powell Bill - Other Direct		74,583	52,830	41,124	23,406	41,988
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E					12,420
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		31,900	30,985	24,854	24,364	12,738
136B	MENTAL	Solid Waste - Other Direct		145,946	139,637	128,533	116,403	106,763
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E
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		5,045	4,427	4,759	6,648	9,071
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct
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		13,122	16,350	11,455	3,854	3,858
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		8,220	9,429	8,945	6,267	10,320
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		136,767	100,009	97,113	92,323	113,858
158B		Water & Sewer - Other Direct		717,577	727,471	647,930	594,690	474,723
158C		Water & Sewer - Construction
158D		Water & Sewer - Purchase of P,P&E		24,150	146,648	49,868	41,800	37,050
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		15,826	14,958	73,441	75,085	87,343
161D	SERVICE	Water & Sewer - Principal		113,159	79,505
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		48,811	42,012	51,221	42,717	43,371
166D		All Other - Principal		70,821	84,969	86,572	69,041	75,795
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		16,761	17,219	18,102	16,101	14,228
172B		Fringe Benefits Other
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	.	1,000,861.00	977,485.00	938,716.00	723,909.00	636,528.00
180.0		Current year's levy -- Motor vehicles (only)	.	70,507.00	78,535.00	88,783.00	91,030.00	80,390.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	.	10,994.00	6,719.00	7,308.00	3,632.00	2,940.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles		858	5,177	5,092	7,339	7,663
183.0	DATA	Percentage of Taxes Collected - All Property %	0.00	98.89	98.87	98.79	98.65	98.52
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	0.00	98.90	99.31	99.22	99.50	99.54
185.0		Percentage of Taxes Collected - Motor Vehicles %	0.00	98.78	93.41	94.26	91.94	90.47
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		1,981,271	1,907,563	2,184,444	1,993,485	1,522,624
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		3,116,594	3,142,310	4,246,505	3,811,552	2,958,206
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In				29,400	412,640	116,928
194D		Amount - Net Revenues		3,116,594	3,142,310	4,217,105	3,398,912	2,841,278
		Calculated amount		3,116,594	3,142,310	4,217,105	3,398,912	2,841,278
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures		3,183,850	3,162,100	2,895,993	3,192,214	2,511,050
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out				29,400	412,640	116,928
195D		Amount - Net Expenditures		3,183,850	3,162,100	2,866,593	2,779,574	2,394,122
		Calculated amount		3,183,850	3,162,100	2,866,593	2,779,574	2,394,122
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					7,922
401B	Water /	Number of residential accounts billed Sewer					2,213
402A	Sewer	Amount processed and/or purchased in units Water		77,864,508	76,023,129	80,031	119,815
402B	Operations	Amount processed and/or purchased in units Sewer		54,022,768	51,297,330	53,146	60,629
403A		Total amount billed in units - Water		77,864,508	76,023,129	80,031	86,295
403B		Total amount billed in units - Sewer		54,022,768	51,297,330	53,146	60,629
404A		Of the total in 403A above how many units were Residential W		77,864,508	76,023,129	80,031	77,665
404B		Of the total in 403B above how many units were Residential S					7,922
405A		Of the total in 403 above, how many units were Outside Muni W					180
405B		Of the total in 403 above, how many units were Outside Muni S					7,922
406A		Of the total in 405A above how many units were Residential W					180
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		536,192	528,910	548,271	549,349
408A		Dollars related to 403A above		454,762	399,162	342,916	325,584
408B		Dollars related to 403B above		536,192	528,910	548,271	494,414
409A		Dollars related to 404A above		454,762	399,162	342,916	260,468
409B		Dollars related to 404B above					58,079
410A		Dollars related to 405A above					2,655
410B		Dollars related to 405B above					58,079
411A		Dollars related to 406A above					2,655
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above		1,232	1,083	1,085
421A		Number of residential accounts billed - Water		758	670	656
421B		Number of residential accounts billed - Sewer
422A		Number of non-residential & bulk accounts billed - Water
422B		Number of non-residential & bulk accounts billed - Sewer		2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Linda Phillips
951.0		Title	Finance Officer
952.0		Date
953.0		Contact
954.0		Title
955.0		Phone
956.0		Fax
957.0		E-Mail:

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

	2011	2010	2009	2008	2007	2006

Population	2,213	2,334	2,268	2,245	2,213	2,177
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
Total Operating Revenues	$0	1,069,437	975,409	946,507	924,281	898,021
Total Operating Revenues Per Capita	$0	458	430	422	418	413
Group Weighted Average Revenues Per Capita	58	297	297	297	281	269
State Weighted Average Revenues Per Capita	20	273	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	103.83%	112.38%	116.06%	99.85%	91.52%
Group Weighted Average	103.02%	105.32%	106.92%	104.99%	106.17%	103.30%
State Weighted Average	92.57%	83.23%	87.16%	84.09%	80.04%	79.35%

Operating Margin	0.00%	-3.83%	-12.38%	-16.06%	0.15%	8.48%
Group Weighted Average	-3.02%	-5.32%	-6.92%	-4.99%	-6.17%	-3.30%
State Weighted Average	7.43%	16.77%	12.84%	15.91%	19.96%	20.65%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	12.93%	10.13%	6.19%	5.84%	3.17%	3.43%
State Weighted Average	11.39%	1.58%	1.20%	1.31%	1.10%	1.56%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	4.82%	0.00%
Group Weighted Average	6.09%	1.61%	7.24%	1.88%	2.81%	15.35%
State Weighted Average	17.30%	1.55%	2.65%	3.15%	1.85%	2.84%

Net Income before capital contributions	0.00%	-2.71%	32.36%	87.00%	37.07%	19.81%
Group Weighted Average	-55.14%	10.80%	-26.66%	24.94%	15.24%	13.69%
State Weighted Average	212.96%	15.81%	-9.94%	18.14%	25.59%	24.27%

Key Ratios and Cash Flow

Quick Ratio	3.81	3.45	2.51	3.98	7.50	3.95
Group Weighted Average	3.81	3.33	3.09	2.80	3.18	3.56
State Weighted Average	3.94	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	54.8	45.8	47.9	50.7	42.9
Group Weighted Average	8.8	45.4	45.4	50.2	49.7	43.7
State Weighted Average	13.0	57.9	58.5	56.6	61.6	59.8

Days Cash on Hand	0.0	217.7	204.0	350.2	455.0	301.0
Group Weighted Average	-408.0	452.5	429.1	447.8	667.7	505.0
State Weighted Average	-80.4	613.4	559.6	588.2	645.7	570.9

Cash flow from Operations	$155,947	1,071,274	165,164	204,237	193,688	318,284

Debt to Equity	0.00	0.04	0.06	0.06	0.06	0.08
Group Weighted Average	0.21	0.25	0.27	0.29	0.27	0.28
State Weighted Average	0.31	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	130	184	168	163	193
Group Weighted Average	63	433	463	494	439	428
State Weighted Average	34	897	784	781	761	733

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

	2005	2004	2003	2002
	$103,197	177,811	158,525	2,360,081

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	2,213	NA
Estimated population of the areas served Sewer	0	0	0	0	2,213	NA

Number of Gallons of Water Processed (000) omitted	0	77,864,508	76,023,129	80,031	119,815	NA
Number of Gallons of Sewage Processed (000) omitted	0	54,022,768	51,297,330	53,146	60,629	NA

Number of Gallons of Water Billed (000) omitted	0	77,864,508	76,023,129	80,031	86,295	NA
Number of Gallons of Sewage Billed (000) omitted	0	54,022,768	51,297,330	53,146	60,629	NA

Ratio of Water Billed to Water Processed		1.00000	1.00000	1.00000	0.72024	NA
Ratio of Sewage Billed to Sewage Processed		1.00000	1.00000	1.00000	1.00000	NA

Total Revenue from Water Sales	0	0	0	0	0	NA
Total Revenue from Sewage Sales	0	454,762	399,162	342,916	325,584	NA

Water Revenue per 1000 gallons of Sales					0.00000	NA
Sewage Revenue per 1000 gallons of Sales					147.12336	NA

Group Average Sales per thousand Gallons Water	$0.00016	$58.68442	$27.87923	$1,769.81984	$14,046.04813	NA
Group Average Sales per thousand Gallons Sewage	$0.00022	$82.78241	$36.57171	$899.82774	$7,994.92601	NA

State Average Sales per thousand Gallons Water	$0.00342	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00223	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons	$0.00000	0.00689	0.00696	6.85073	6.36598	NA
Residential Sewage Sales per thousand Gallons	$0.00000	0.00842	0.00778	6.45234	5.37014	NA

Water Sales per thousand Gallons outside Municipal Limits	$0.00000				7.33136	NA
Sewage Sales per thousand Gallons outside Municipal Limits	$0.00000				14.75000	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 %	51.54%	60.90%	61.87%	65.74%	0.00%
Group average FBA %	65.48%	62.44%	66.05%	66.79%	73.24%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	38.21%
State average FBA %	36.54%	36.35%	65.48%	37.47%	38.21%

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

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2006 2007 2008 2009 2010

Municipality 98.52% 98.65% 98.79% 98.87% 98.89%

Pop. Group 96.94% 97.18% 96.86% 95.99% 95.37%

Statewide 97.55% 97.58% 97.56% 97.34% 97.36%

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

	2006	2007	2008	2009	2010
Municipality	98.52%	98.65%	98.79%	98.87%	98.89%
Pop. Group	96.94%	97.18%	96.86%	95.99%	95.37%
Statewide	97.55%	97.58%	97.56%	97.34%	97.36%

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

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2007 2008 2009 2010 2011

Municipality 0 0 0 0 0

Pop. Group 294 277 265 256 #N/A

Statewide 478 456 455 449 #N/A

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	0	0	0	0	0
Pop. Group	294	277	265	256	#N/A
Statewide	478	456	455	449	#N/A

Municipal Population Group: 1,000 to 2,499

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2006 2007 2008 2009 2010

Property Tax $327 362 454 463 458

Utility 429 424 429 448 462

Sales Tax 216 225 223 202 186

Sales & Services 67 59 72 77 88

Intergovernmental 91 96 138 131 110

Debt Proceeds 71 318 432 15 10

Other Miscellaneous 104 52 130 49 21

Total $1,305 1,536 1,878 1,385 1,335

	2006	2007	2008	2009	2010
Property Tax	$327	362	454	463	458
Utility	429	424	429	448	462
Sales Tax	216	225	223	202	186
Sales & Services	67	59	72	77	88
Intergovernmental	91	96	138	131	110
Debt Proceeds	71	318	432	15	10
Other Miscellaneous	104	52	130	49	21
Total	$1,305	1,536	1,878	1,385	1,335

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2010
2010

Category Revenue
Per Capita

Property Tax $1,068,422
$458

Water/Sewer 12,000
5

Electric 1,066,780
457

Other Utilities 0
0

Sales Tax 436,930
186

Sales & Services 205,524
88

Intergovernment 255,640
110

Debt Proceeds 23,127
10

Miscellaneous 48,171
21

Total $3,116,594
$1,335

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

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2010
2010

Category Expenditures
Per Capita

General Government $495,881
$212

Water/Sewer 0
0

Electric 878,494
376

Other Utilities 0
0

Debt Service 248,617
107

Transportation 339,049
145

Public Safety 1,017,576
436

Other 204,233
88

Total $3,183,850
$1,364

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

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2010
2010

Category Expenditures
Per Capita

Salaries & Wages $1,267,758
$543

Water/Sewer Capital 0
0

Electric Capital 24,150
10

Other Capital 141,202
60

Other Operating 1,750,740
750

Total $3,183,850
$1,364

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

Last Updated 1/31/2012 4:03:30 PM



	2010	2010
Category	Revenue	Per Capita
Property Tax	$1,068,422	$458
Water/Sewer	12,000	5
Electric	1,066,780	457
Other Utilities	0	0
Sales Tax	436,930	186
Sales & Services	205,524	88
Intergovernment	255,640	110
Debt Proceeds	23,127	10
Miscellaneous	48,171	21
Total	$3,116,594	$1,335

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

North CarolinaDepartment of State TreasurerFinancial InformationTown of Carthage

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Carthage