North Carolina
Department of State Treasurer
Financial Information
Town of Banner Elk



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

Go to North Carolina County and Municipal Financial Information Home Page
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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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201120102009200820072006

Revenues by Source







Property Tax$940,432 $905,631 $885,166 $767,781 $756,907 $541,574


Utility 555,586 656,433 676,679 635,804 894,662 843,806


Sales Tax 201,836 213,645 250,359 308,883 296,009 267,954


Sales & Services 25,847 26,000 120,575 104,387 102,085 101,834


Intergovernmental 584,463 240,192 235,916 395,227 570,226 1,093,625


Debt Proceeds - - - - - 89,997


Other Miscellaneous 232,264 175,417 371,512 357,673 362,476 235,710


Total$2,540,428 2,217,318 2,540,207 2,569,755 2,982,365 3,174,500










Expenditures by Function







Utility$403,592 456,807 1,167,030 757,204 1,102,740 2,000,365


Debt Service 92,316 91,846 112,611 183,167 110,549 197,214


Transportation 299,504 205,569 177,781 308,380 632,395 116,044


General Government 339,705 369,706 328,136 289,343 281,900 411,183


Public Safety 724,030 736,188 812,091 592,075 462,305 432,733


Other 628,250 190,743 312,980 228,560 473,386 197,164


Total$2,487,397 2,050,859 2,910,629 2,358,729 3,063,275 3,354,703










Expenditures by Object







Salaries & Wages$828,849 894,567 1,092,868 936,804 848,338 714,706


Capital Outlay 705,722 173,646 866,102 396,802 1,405,281 1,928,611


Other Operating + Debt Service 952,826 982,646 951,659 1,025,123 809,656 711,386


Total$2,487,397 2,050,859 2,910,629 2,358,729 3,063,275 3,354,703



















Per Capita Revenues by Source







Property Tax$915 932 846 782 742 553


Utility 540 675 647 647 877 862


Sales Tax 196 220 239 316 291 274


Sales & Services 25 27 115 106 100 104


Intergovernmental 569 247 226 402 559 1,117


Debt Proceeds - - - - - 92


Other Miscellaneous 226 180 355 364 355 241


Total$2,471 2,281 2,428 2,617 2,924 3,243










Per Capita Expenditures by Function







Utility$393 470 1,116 771 1,081 2,043


Debt Service 90 94 108 187 108 201


Transportation 291 211 170 314 620 119


General Government 331 382 314 294 277 421


Public Safety 704 757 776 603 453 442


Other 611 196 299 233 464 201


Total$2,420 2,110 2,783 2,402 3,003 3,427










Per Capita Expenditures by Object







Salaries & Wages$806 920 1,045 954 832 730


Capital Outlay 687 179 828 404 1,378 1,970


Other Operating 927 1,011 910 1,044 793 727


Total$2,420 2,110 2,783 2,402 3,003 3,427










Population GroupNo Electric 1,000 to 2,499 No Electric 500 to 999 No Electric 1,000 to 2,499 No Electric 500 to 999 No Electric 1,000 to 2,499 No Electric 500 to 999


Number of Municipalites in Group 103 99 100 96 101 95


Average Population In Group 1,619 727 1,652 729 1,642 727


Town of Banner Elk Population 1,028 972 1,046 982 1,020 979

Group Average Per Capita Revenues by Source







Property Tax 449 407422400369298


Utility 479 411427407423306


Sales Tax 160 134177191195155


Sales & Services 110 8384697651


Intergovernmental 271 326239304221360


Debt Proceeds 41 3075966973


Other Miscellaneous 139 162146254196188


Total 1,649 1,5531,5701,7211,5491,431










Group Average Per Capita Expenditures by Function







Utility 497 443531437461484


Debt Service 154 1041549711071


Transportation 145 133148148142117


General Government 241 258216321201224


Public Safety 397 282350294346241


Other 207 281201291206292


Total 1,641 1,5011,6001,5881,4661,429










Group Average Per Capita Expenditures by Object







Salaries & Wages 537 421480406427309


Capital Outlay 258 242302298305370


Other Operating 846 838818884733750


Total 1,641 1,5011,6001,5881,4651,429


















General Fund
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201120102009200820072006

General Fund revenues$1,501,350 1,525,389 1,617,649 1,559,335 1,564,470 1,300,301

General Fund expenditures 1,344,547 1,382,300 1,350,954 1,192,715 1,029,994 907,565

Operating transfers in - - - 16,596 - -

Operating transfers out 158,215 137,596 350,621 1,006,002 238,527 226,886

Capital leases and installment purchase proceeds - - - - - -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses (1,412) 5,493 (83,926) (622,786) 295,949 165,850










Fund balance available (FBA):







In dollars$456,925 482,734 467,750 553,104 892,806 883,033


FBA as a % of GF Net Expenditures:







Unit's FBA %30.4131.7627.4925.1670.3877.84


Group weighted average FBA %64.14100.3366.0588.6265.48101.57


State weighted average Non-Electric Group41.0738.7037.8936.6637.3937.38


State weighted average FBA %39.5337.4737.0336.3436.5436.96

















Enterprise Funds:
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Water/Sewer













Combined financial results:







Working capital$302,552 237,306 102,316 436,198 612,968 675,155


Quick ratio5.42 3.38 1.84 4.79 4.35 7.85


Net income(99,632)(33,958)(66,231)(235,992)274,452 926,020


Cashflow from operations219,564 211,394 (30,907)(30,478)270,552 325,603


Depreciation & Amortization Expense231,773 241,171 220,973 218,155 212,723 173,364


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year1,0289721,0469821,020979


Population GroupNo Electric 1,000 to 2,499 No Electric 500 to 999 No Electric 1,000 to 2,499 No Electric 500 to 999 No Electric 1,000 to 2,499 No Electric 500 to 999


Cash &Investments$1,763,522 $1,637,390 $1,466,041 $2,015,425 $1,600,301 $1,668,667


Investment Earnings4,232 4,946 26,096 72,614 88,920 83,256


Tax Rate Equivalent0.00170.00200.01070.03540.05410.0789


Tax Rate Equivalent Group weighted average0.00340.00510.01310.02450.04090.0327


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 201020062006200620062002


January 1, Prior Year Assessed Valuation$255,773,539 241,855,478 243,100,973 204,979,756 164,485,672 105,560,912


Tax Rate0.38000.38000.38000.38000.46000.5100


Tax Rate Group weighted average0.27490.19220.29830.19360.34240.2737


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio97.4193.3071.0782.33100.0072.36


Assessment -to-Sales Ratio Group weighted average100.80101.4486.7787.7579.9688.06


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$262,574,211 259,223,449 342,058,496 248,973,346 164,485,672 145,882,963


EffectiveTax Rate0.37020.35450.27010.31290.46000.3690


Group weighted average Effective Tax Rate0.27710.19500.25890.16990.27370.2410


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected95.600096.080096.650099.660099.800099.0000


Percent Collected Group weighted average96.4194.2095.9996.1697.1895.56


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles95.5597.3197.4899.7299.8399.94


Percent Collected Excluding Motor Vehicles Group weighted average97.0496.4296.6797.3698.0197.10


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 98.1174.1174.0897.9899.0583.54


Percent Collected Motor Vehicles Only Group weighted average84.2081.8884.6083.4786.0782.58


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected62,057 71,533 51,880 27,812 32,441 31,365


Tax Rate Equivalent0.02430.02960.02130.01360.01970.0297


Dominant County: Avery






Debt Information








Population Group1,000 to 2,499500 to 9991,000 to 2,499500 to 9991,000 to 2,499500 to 999


Ratings:







Fitch







Moody's







S & P
















General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation




Enterprise GO Debt$566,000 618,000 668,000 717,000 764,000 809,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt566,000 618,000 668,000 717,000 764,000 809,000


Per Capita$551 636 639 730 749 826


Total Per Capita for the Population Group236 193 265 215 294 223


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.2156%0.2384%0.1953%0.2880%0.4645%0.5546%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1642%0.0895%0.1750%0.0884%0.2336%0.1673%


Total per Assessed Valuation Adjusted for Current Year Sales - Statewide0.4280%0.4134%0.3909%0.4132%0.4706%0.5275%


Total Authorized but not Issued General Obligation Debt
















Installment Sales Purchases and Lease Obligations







--Enterprise$0 0 0 0 0 0


--General Government0 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
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes1,0289721,0469821,020979









1.5AFISCAL Governmental Activities Assets3,943,3923,362,0443,273,1423,163,5822,431,6811,806,693
1.5BSUMMARYGovernmental Activities Liabilities400,314394,779362,976539,085359,154351,871
3.5A
Business Type Activities Assets4,467,7394,622,2754,705,3354,833,1635,235,0355,015,254
3.5B
Business Type Activities Liabilties620,266675,170724,272785,869951,7491,006,420
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy921,015896,306881,164763,130753,791537,844
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections15,8294,5562,3273203111,362
13.0
Penalties and Interest3,5884,7691,6754,3312,8052,368
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 Tax102,799105,743109,177130,684122,887110,469
17.0
1/2% Local Government Option Sales Tax (40)57,18158,09154,00163,40961,01854,642
18.0
1/2% Local Government Option Sales Tax (42)43,58044,27453,43662,87360,45254,206
18.5
1/2% Local Government Option Sales Tax (44)-1,7245,53733,74551,91751,65248,637
19.0
Privilege Licenses4,2154,2954,1012,5794,7133,841
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





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





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety5,91755,46257,64148,19342,561129,431
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




640,000
36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional Hold Harmless45,05341,92615,678


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 Tax93,18987,59197,42182,46078,76867,272
45.0
Beer and Wine Tax4,2841,4924,4104,6994,4244,572
46.0
Powell Bill37,03338,22142,06645,33741,01842,110
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government





52.0
Public Safety





53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection367,000




56.0
Econ. & Phys. Dev. - Housing/Community Dev





57.0
Econ. & Phys. Dev. - All Other



226,717163,277
58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation


195,838166,738
61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety




12,716
64.0
Transportation - Streets





65.0
Transportation - All Other31,98715,50018,70018,70010,00034,247
66.0
Environmental Protection





67.0
Economic and Physical Development





68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits1,8904,3289,28110,37413,68824,523
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties3,9597,4476,0118,40513,60012,875
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste
-30292,75395,98288,48588,959
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues





82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues21,88818,85521,811


84.0
Mass Transit - City Operated





85.0
Other Sales and Services





86.0UTILITYWater and Sewer Charges555,586656,433676,679635,804894,662843,806
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds4,2324,94626,09672,61488,92083,256
91.0
Special Assessments





92.0
Private Contributions and Donations70,05470014,2808,61964,5451,858
93.0
Sales of Materials and Fixed Assets


88,000

94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge 82,86082,49583,72684,22085,02474,572
97.0
ABC Profit Distribution





98.0
Other Miscellaneous Revenues69,01378,653234,02891,267105,58647,660
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases




89,997
101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior 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





109APART 4Governing Body - Salaries & Wages10,20012,60013,80513,56410,0844,861
109BGENERALGoverning Body - Other Direct48,74847,30941,48537,948275406
109CGOVTGoverning Body - Construction





109D
Governing Body - Purchase of P,P&E





110A
Administration - Salaries & Wages80,65293,502109,52988,96378,81773,287
110B
Administration - Other Direct82,452107,17080,14563,83468,86154,944
110C
Administration - Construction





110D
Administration - Purchase of P,P&E3,9834,6392,8851,7234,3012,969
111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages52,44350,83545,78141,69855,07849,760
112B
Finance - Other Direct21,63722,3086,3989,15828,59819,547
112C
Finance - Construction





112D
Finance - Purchase of P,P&E2,4715881,138105-241276
113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages





114B
Legal - Other Direct





114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct37,11930,75526,97032,35036,12728,528
115C
Public Buildings - Construction




176,605
115D
Public Buildings - Purchase of P,P&E





116A
Court Facilities - Salaries & Wages





116B
Court Facilities - Other Direct





116C
Court Facilities - Construction





116D
Court Facilities - Purchase of P,P&E





117A
Central Services - Salaries & Wages





117B
Central Services - Other Direct





117C
Central Services - Construction





117D
Central Services - Purchase of P,P&E





118A
Gen. Govt. All Other - Salaries & Wages





118B
Gen. Govt. All Other - Other Direct





118C
Gen. Govt. All Other - Construction





118D
Gen. Govt. All Other - Purchase of P,P&E





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages397,237399,829518,718431,999369,297325,268
119BSAFETYPolice & Comm - Traffic Control - Other Direct250,992264,699100,374104,84757,84749,099
119C
Police & Comm - Traffic Control - Construction
28,654154,53627,616
33,057
119D
Police & Comm - Traffic Control - Purchase of P,P&E35,7134,5375,6386,93521,98113,292
120A
Emergency Communications - Salaries & Wages





120B
Emergency Communications - Other Direct





120C
Emergency Communications - Construction





120D
Emergency Communications - Purchase of P,P&E





120B
Emergency Telephone Service Fund (ETSF) Expenditures - Operating





120C
ETSF Expenditures - Capital Construction





120D
ETSF Expenditures - Capital Purchases





121A
Emergency Mgmt - Salaries & Wages





121B
Emergency Mgmt - Other Direct





121C
Emergency Mgmt - Construction





121D
Emergency Mgmt - Purchase of P,P&E





122A
Fire - Salaries & Wages





122B
Fire - Other Direct





122C
Fire - Construction





122D
Fire - Purchase of P,P&E





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





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





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





127D
Traffic Engineering - Purchase of P,P&E





128A
Streets and Highways - Salaries & Wages57,74549,15630,23338,219

128B
Streets and Highways - Other Direct64,84068,74756,68446,51421,53219,654
128C
Streets and Highways - Construction141,86948,69741,577179,793581,47474,866
128D
Streets and Highways - Purchase of P,P&E13,25613,68029,83013,199

129A
Street Cleaning - Salaries & Wages





129B
Street Cleaning - Other Direct





129C
Street Cleaning - Construction





129D
Street Cleaning - Purchase of P,P&E





130A
Powell Bill - Salaries & Wages





130B
Powell Bill - Other Direct21,79425,28919,45730,65529,38921,524
130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E





131A
Parking Facilities - Salaries & Wages





131B
Parking Facilities - Other Direct





131C
Parking Facilities - Construction





131D
Parking Facilities - Purchase of P,P&E





132A
Mass Transit - City - Salaries & Wages





132B
Mass Transit - City - Other Direct





132C
Mass Transit - City - Construction





132D
Mass Transit - City - Purchase of P,P&E





133B
Mass Transit - Private - Other Direct





134A
Airport - Salaries & Wages





134B
Airport - Other Direct





134C
Airport - Construction





134D
Airport - Purchase of P,P&E





135A
Transpor. All Other - Salaries & Wages





135B
Transpor. All Other - Other Direct





135C
Transpor. All Other - Construction





135D
Transpor. All Other - Purchase of P,P&E





136AENVIRONSolid Waste - Salaries & Wages



31,05134,294
136BMENTALSolid Waste - Other Direct-88-2,20784,90392,334101,507105,251
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E



1,691405
137A
Drainage & Watershed - Salaries & Wages





137B
Drainage & Watershed - Other Direct





137C
Drainage & Watershed - Construction





137D
Drainage & Watershed - Purchase of P,P&E





138A
Cemeteries - Salaries & Wages





138B
Cemeteries - Other Direct





138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E





139A
Environ. All Other - Salaries & Wages





139B
Environ. All Other - Other Direct





139C
Environ. All Other - Construction





139D
Environ. All Other - Purchase of P,P&E





140AECONOMICPlanning & Zoning - Salaries & Wages41,74840,76851,27235,88032,596650
140B& PHYSICALPlanning & Zoning - Other Direct20,82024,39611,54013,3758,7648,015
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E
5,3851,085105
1,474
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





146AHUMANHealth - Salaries & Wages





146BSERVICESHealth - 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





153ACULTURE Recreation & Parks - Salaries & Wages21,39622,27117,87528,918

153BRECREATIONRecreation & Parks - Other Direct40,03665,50255,48846,96228,29047,075
153C
Recreation & Parks - Construction502,80034,62885,56710,986269,487
153D
Recreation & Parks - Purchase of P,P&E1,538
5,250


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





158AUTILITYWater & Sewer - Salaries & Wages167,428225,606305,655257,563271,415226,586
158B
Water & Sewer - Other Direct 232,072198,363322,779343,301304,737148,112
158C
Water & Sewer - Construction

476,386130,557502,1051,535,670
158D
Water & Sewer - Purchase of P,P&E4,09232,83862,21025,78324,48389,997
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





161BDEBTWater & Sewer - Interest & Fees23,36025,25027,91337,81064,08083,638
161DSERVICEWater & Sewer - Principal52,00050,00068,102128,76111,50078,607
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 & Fees13,38813,186

1,21015,279
166D
All Other - Principal3,5683,41016,59616,59633,75919,690
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement40,08838,46932,82520,67813,18012,017
172B
Fringe Benefits Other





173AINTERGOVMulti-Cnty Libr Dis,Cnty,Or Other - Recipient





173BEXPENDMulti-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 vehicles945,626.865,765.00836,569.00735,750.00721,124.00514,142.00
180.0
Current year's levy -- Motor vehicles (only)19,938.48,224.0030,792.0025,730.0031,198.0031,040.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh42,119.23,309.0021,088.002,082.001,243.00325.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles37712,4877,9825202975,108
183.0DATAPercentage of Taxes Collected - All Property %95.6096.0896.6599.6699.8099.00
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%95.5597.3197.4899.7299.8399.94
185.0
Percentage of Taxes Collected - Motor Vehicles %98.1174.1174.0897.9899.0583.54
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





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond





189CINVESTCash On Hand & in Bank - All Other1,763,5221,637,3901,466,0412,015,4251,600,3011,668,667
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures 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





194APART 9Amount - Total Revenues2,698,6432,354,9142,890,8283,662,1483,243,9605,593,065
194BFISCALAmount - Subtract Refunding Bond Proceeds




865,000
194CSUMMARYAmount - Subtract Interfund Transfers In158,215137,596350,6211,092,393261,5951,553,565
194D
Amount - Net Revenues2,540,4282,217,3182,540,2072,569,7552,982,3653,174,500


Calculated amount2,540,4282,217,3182,540,2072,569,7552,982,3653,174,500


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures2,645,6122,188,4553,261,2503,451,1223,324,8705,728,768
195B
Amount - Subtract Pymts. to Refunded Debt Agent




820,500
195C
Amount - Subtract Interfund Transfers Out158,215137,596350,6211,092,393261,5951,553,565
195D
Amount - Net Expenditures2,487,3972,050,8592,910,6292,358,7293,063,2753,354,703


Calculated amount2,487,3972,050,8592,910,6292,358,7293,063,2753,354,703


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water79




402BOperationsAmount processed and/or purchased in units Sewer79




403A
Total amount billed in units - Water35




403B
Total amount billed in units - Sewer35




404A
Of the total in 403A above how many units were Residential W19




404B
Of the total in 403B above how many units were Residential S19




405A
Of the total in 403 above, how many units were Outside Muni W





405B
Of the total in 403 above, how many units were Outside Muni S





406A
Of the total in 405A above how many units were Residential W





406B
Of the total in 405B above how many units were Residential S





407A
Of the total in 403A, how many units were sold for redistribution





407B
Of the total in 403B how many unit were delivered in bulk





408A
Dollars related to 403A above196,041216,468



408B
Dollars related to 403B above299,940385,454



409A
Dollars related to 404A above





409B
Dollars related to 404B above





410A
Dollars related to 405A above





410B
Dollars related to 405B above





411A
Dollars related to 406A above





411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water487480



421B
Number of residential accounts billed - Sewer484446



422A
Number of non-residential & bulk accounts billed - Water12189



422B
Number of non-residential & bulk accounts billed - Sewer13989



423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialSteve Smith

951.0
TitleTown Clerk and Finance Officer

952.0
Date12/27/201101/20/201101/00/190001/00/190001/30/200810/25/2006
953.0
ContactSteve Smith

954.0
TitleTown Clerk and Finance Officer

955.0
Phone(828) 898-5398




956.0
Fax(828) 898-4568




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Banner Elk













201120102009200820072006








Population
1,0289721,0469821,020979
Population Group
No Electric 1,000 to 2,499 No Electric 500 to 999 No Electric 1,000 to 2,499 No Electric 500 to 999 No Electric 1,000 to 2,499 No Electric 500 to 999
Total Operating Revenues
$555,586664,960676,679635,804894,662843,806
Total Operating Revenues Per Capita
$540684647647877862
Group Weighted Average Revenues Per Capita540516491499485409
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
113.99%101.46%131.32%139.76%94.41%82.54%
Group Weighted Average
98.67%112.05%104.32%112.83%98.61%107.63%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
-13.99%-1.46%-31.32%-39.76%5.59%17.46%
Group Weighted Average
1.33%-12.05%-4.32%-12.83%1.39%-7.63%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
0.00%0.00%11.25%0.00%0.00%0.00%
Group Weighted Average
2.39%7.08%5.23%4.60%2.84%6.31%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
0.00%0.00%0.00%2.61%0.00%10.25%
Group Weighted Average
2.00%1.71%5.24%3.82%2.13%4.76%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
-17.93%-5.11%-9.79%-37.12%5.34%8.50%
Group Weighted Average
-9.48%-3.28%-23.75%-13.81%-0.96%-1.87%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
5.423.381.844.794.357.85
Group Weighted Average
3.563.493.102.993.253.48
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
37.875.653.529.326.423.3
Group Weighted Average
46.870.244.162.245.869.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
254.5145.231.8248.8375.2467.8
Group Weighted Average
358.6392.0349.2372.3497.2391.1
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$219,564211,394-30,907-30,478270,552325,603








Debt to Equity
0.150.160.170.180.200.22
Group Weighted Average
0.260.130.280.150.280.17
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
551636639750848913
Group Weighted Average
834600824621782612
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$4,09232,838538,596156,340526,5881,625,667










2005200420032002



$164,59558,79623,55179,759









Capital Contributions: Excluded from income above
$0000226,717854,294
















Operating Statistics














Estimated population of the areas served Water00000NA
Estimated population of the areas served Sewer00000NA








Number of Gallons of Water Processed (000) omitted790000NA
Number of Gallons of Sewage Processed (000) omitted790000NA








Number of Gallons of Water Billed (000) omitted350000NA
Number of Gallons of Sewage Billed (000) omitted350000NA








Ratio of Water Billed to Water Processed0.44744



NA
Ratio of Sewage Billed to Sewage Processed0.44744



NA








Total Revenue from Water Sales196,041216,468000NA
Total Revenue from Sewage Sales299,940385,454000NA








Water Revenue per 1000 gallons of Sales





NA
Sewage Revenue per 1000 gallons of Sales





NA








Group Average Sales per thousand Gallons Water$0.00015$24.76610$27.87923$12,972.02948$14,046.04813NA
Group Average Sales per thousand Gallons Sewage$0.00021$42.19716$30.85954$10,951.56798$6,790.60081NA








State Average Sales per thousand Gallons Water$0.00336$24.76610$28.47236$12,972.02948$5,350.70834NA
State Average Sales per thousand Gallons Sewage$0.00971$42.19716$44.32771$10,951.56798$3,952.35744NA








Residential Water Sales per thousand Gallons$0.00000



NA
Residential Sewage Sales per thousand Gallons$0.00000



NA








Water Sales per thousand Gallons outside Municipal Limits




NA
Sewage Sales per thousand Gallons outside Municipal Limits




NA








Total Water Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA
Total Sewage Sales per thousand gallons for Redistribution$0.000000.000000.000000.000000.00000NA




Financial Graphs and Comparisons


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %70.38%25.16%27.49%31.76%30.41%
Group average FBA %65.48%88.62%66.05%100.33%64.14%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%65.48%37.47%39.53%






Municipal Population Group: No Electric 500 to 999

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Analysis of Property Tax

20072008200920102011
Municipality99.80%99.66%96.65%96.08%95.60%
Pop. Group97.18%96.16%95.99%94.20%96.41%
Statewide97.58%97.56%97.34%97.35%97.42%






Municipal Population Group: No Electric 500 to 999






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Analysis of General Obligation Debt

20072008200920102011
Municipality749730639636551
Pop. Group294215265193236
Statewide478456455449450






Municipal Population Group: 500 to 999






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Analysis of Revenue

20072008200920102011
Property Tax$742782846932915
Utility877647647675540
Sales Tax291316239220196
Sales & Services1001061152725
Intergovernmental559402226247569
Debt Proceeds00000
Other Miscellaneous355364355180226
Total$2,9242,6172,4282,2812,471

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$940,432
$915
Water/Sewer555,586
540
Electric0
0
Other Utilities0
0
Sales Tax201,836
196
Sales & Services25,847
25
Intergovernment584,463
569
Debt Proceeds0
0
Miscellaneous232,264
226
Total$2,540,428
$2,471





Municipal Population Group: No Electric 500 to 999





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$339,705
$331
Water/Sewer403,592
393
Electric0
0
Other Utilities0
0
Debt Service92,316
90
Transportation299,504
291
Public Safety724,030
704
Other628,250
611
Total$2,487,397
$2,420





Municipal Population Group: No Electric 500 to 999





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$828,849
$806
Water/Sewer Capital4,092
4
Electric Capital0
0
Other Capital701,630
683
Other Operating952,826
927
Total$2,487,397
$2,420





Municipal Population Group: No Electric 500 to 999






Last Updated 6/15/2012 11:05:10 AM