North Carolina
Department of State Treasurer
Financial Information
Town of Biltmore Forest



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$2,430,119 $2,254,946 $2,216,901 $2,143,919 $2,126,248 $1,762,551


Utility 389,252 334,082 362,504 369,441 332,241 331,578


Sales Tax 729,838 709,895 762,733 831,933 819,182 757,652


Sales & Services 4,500 5,706 8,744 5,086 11,310 28,043


Intergovernmental 193,687 294,715 194,506 201,515 172,992 171,746


Debt Proceeds - 20,715 42,767 48,935 - -


Other Miscellaneous 60,553 56,418 73,366 198,718 131,755 107,608


Total$3,807,949 3,676,477 3,661,521 3,799,547 3,593,728 3,159,178










Expenditures by Function







Utility$341,282 334,881 326,771 313,404 309,453 251,643


Debt Service 525,884 525,884 472,006 332,127 340,971 199,751


Transportation 648,340 596,457 655,710 656,880 652,280 586,818


General Government 428,836 377,528 392,353 355,927 430,945 360,403


Public Safety 1,802,406 1,747,359 1,736,425 1,615,223 1,399,178 1,250,493


Other 63,664 68,612 63,738 62,967 58,921 62,817


Total$3,810,412 3,650,721 3,647,003 3,336,528 3,191,748 2,711,925










Expenditures by Object







Salaries & Wages$1,221,598 1,199,630 1,235,212 1,162,087 1,084,299 988,091


Capital Outlay 176,868 73,372 150,275 143,758 763,345 622,041


Other Operating + Debt Service 2,411,946 2,377,719 2,261,516 2,030,683 1,344,104 1,101,793


Total$3,810,412 3,650,721 3,647,003 3,336,528 3,191,748 2,711,925



















Per Capita Revenues by Source







Property Tax$1,803 1,449 1,432 1,395 1,408 1,188


Utility 289 215 234 240 220 223


Sales Tax 541 457 492 542 543 510


Sales & Services 3 4 6 3 7 19


Intergovernmental 144 189 126 131 115 116


Debt Proceeds - 13 28 32 - -


Other Miscellaneous 45 36 47 129 87 73


Total$2,825 2,363 2,365 2,472 2,380 2,129










Per Capita Expenditures by Function







Utility$253 215 211 204 205 170


Debt Service 390 338 305 216 226 135


Transportation 481 383 424 427 432 395


General Government 319 243 253 232 285 242


Public Safety 1,337 1,123 1,122 1,051 927 843


Other 47 44 41 41 39 42


Total$2,827 2,346 2,356 2,171 2,114 1,827










Per Capita Expenditures by Object







Salaries & Wages$906 771 798 756 718 666


Capital Outlay 131 47 97 94 506 419


Other Operating 1,790 1,528 1,461 1,321 890 742


Total$2,827 2,346 2,356 2,171 2,114 1,827










Population GroupNo 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 103 96 100 101 101 103


Average Population In Group 1,619 1,660 1,652 1,661 1,642 1,638


Town of Biltmore Forest Population 1,348 1,556 1,548 1,537 1,510 1,484

Group Average Per Capita Revenues by Source







Property Tax 449 410422406369348


Utility 479 421427415423391


Sales Tax 160 151177199195179


Sales & Services 110 8784827672


Intergovernmental 271 238239222221246


Debt Proceeds 41 747512969170


Other Miscellaneous 139 106146192196160


Total 1,649 1,4871,5701,6451,5491,566










Group Average Per Capita Expenditures by Function







Utility 497 492531572461487


Debt Service 154 127154126110108


Transportation 145 141148140142131


General Government 241 202216265201222


Public Safety 397 345350384346326


Other 207 178201203206205


Total 1,641 1,4851,6001,6901,4661,479










Group Average Per Capita Expenditures by Object







Salaries & Wages 537 462480450427402


Capital Outlay 258 255302483305373


Other Operating 846 768818757733704


Total 1,641 1,4851,6001,6901,4651,479


















General Fund
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201120102009200820072006

General Fund revenues$3,406,379 3,316,610 3,238,958 3,346,129 3,254,145 2,807,469

General Fund expenditures 3,019,038 2,865,748 2,870,141 2,698,124 2,488,841 2,287,113

Operating transfers in 14,792 - - - - -

Operating transfers out 339,699 440,047 441,086 852,856 374,315 433,169

Capital leases and installment purchase proceeds - 20,715 42,767 48,935 - -

Other items 7,229 1,355 5,835 10,001 5,323 -

Excess of revenues and other sources over (under) expenditures and other uses 69,663 32,885 (23,667) (145,915) 396,312 87,187










Fund balance available (FBA):







In dollars$1,682,121 1,672,941 1,661,246 1,665,937 1,820,520 1,433,445


FBA as a % of GF Net Expenditures:







Unit's FBA %50.0850.9350.8347.5763.5852.69


Group weighted average FBA %64.1466.7966.0562.4565.4864.58


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$285,938 351,126 376,390 365,829 451,152 414,372


Quick ratio1.62 1.80 1.87 1.84 2.53 2.46


Net income130,162 149,659 172,939 61,141 49,704 190,848


Cashflow from operations35,181 (5,317)45,980 58,720 (1,302)100,725


Depreciation & Amortization Expense157,684 159,261 165,176 168,710 168,805 169,218


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year1,3481,5561,5481,5371,5101,484


Population GroupNo 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$2,381,997 $2,390,233 $2,902,833 $2,463,837 $2,706,373 $2,330,714


Investment Earnings26,713 30,399 49,585 104,047 88,677 76,647


Tax Rate Equivalent0.00360.00400.00670.01430.01240.0162


Tax Rate Equivalent Group weighted average0.00340.00480.01310.02610.04090.0283


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200620062006200620062002


January 1, Prior Year Assessed Valuation$750,191,102 750,910,579 737,378,502 727,474,939 716,305,400 474,010,196


Tax Rate0.32000.30000.30000.29500.29500.3600


Tax Rate Group weighted average0.27490.29700.29830.28600.34240.3297


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio93.5393.5683.6087.4098.9182.61


Assessment -to-Sales Ratio Group weighted average100.8097.6986.7788.9479.9685.71


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$802,086,071 802,597,883 882,031,701 832,351,189 724,199,171 573,792,756


EffectiveTax Rate0.29930.28070.25080.25780.29180.2974


Group weighted average Effective Tax Rate0.27710.29010.25890.25440.27370.2826


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected99.490099.230099.420099.470099.910099.7300


Percent Collected Group weighted average96.4195.3295.9996.8697.1896.94


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles99.5799.3099.4699.55100.0099.80


Percent Collected Excluding Motor Vehicles Group weighted average97.0495.9296.6797.7898.0197.76


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 96.6896.8698.1597.2797.4398.30


Percent Collected Motor Vehicles Only Group weighted average84.2085.2184.6085.1686.0785.54


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected75,356 75,951 76,482 82,441 76,970 88,055


Tax Rate Equivalent0.01000.01010.01040.01130.01070.0186


Dominant County: Buncombe






Debt Information








Population Group1,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 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 Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group236 256 265 277 294 297


Total Per Capita Statewide450 449 455 456 478 495


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


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.1642%0.1838%0.1750%0.1852%0.2336%0.2606%


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$2,563,185 2,903,605 3,231,159 3,546,333 3,728,062 3,902,922


--General Government390,000 420,000 450,000 0 0 0


Total*$2,953,185 3,323,605 3,681,159 3,546,333 3,728,062 3,902,922


* 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 Changes1,3481,5561,5481,5371,5101,484









1.5AFISCAL Governmental Activities Assets3,722,9383,675,5453,779,9813,336,3443,049,7852,566,230
1.5BSUMMARYGovernmental Activities Liabilities495,797551,241688,166210,918290,148334,393
3.5A
Business Type Activities Assets4,217,1524,427,8384,606,1424,756,7764,883,5655,004,768
3.5B
Business Type Activities Liabilties2,654,9732,995,8213,323,7843,647,3573,835,2874,006,194
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy2,424,9502,250,5432,214,1732,141,1452,117,8651,726,332
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections



4,91030,163
13.0
Penalties and Interest5,1694,4032,7282,7743,4736,056
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax1,043820463


16.0
1% Local Government Option Sales Tax342,688332,025359,207385,868382,822377,159
17.0
1/2% Local Government Option Sales Tax (40)127,538126,568135,422148,078144,176125,089
18.0
1/2% Local Government Option Sales Tax (42)164,167147,104133,298146,161142,300114,860
18.5
1/2% Local Government Option Sales Tax (44)95,445104,198134,806151,826149,884140,544
19.0
Privilege Licenses





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
3,439



28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety





31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection
87,225



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





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax1341,688
479

41.0REVENUESTransitional 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 Tax122,490120,511116,040114,70795,68491,809
45.0
Beer and Wine Tax6,8242,1966,8596,9096,6576,462
46.0
Powell Bill64,23963,71171,60779,42070,65169,683
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government





52.0
Public Safety
15,945


3,792
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





61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety





64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection





67.0
Economic and Physical Development





68.0
Human Services - Health, Mental Hlt & Hosp





69.0
Human Services - All Other





70.0
Culture and Recreation





71.0PERMITS Building Permits5,8598,4329,95573,06331,45610,607
72.0& FEESInspection Fees





72.1
Amusements licensing and permit taxes





73.0
Other Permits1,5851,6901,8504,3204,2802,400
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties2,1003001,200
3,6007,600
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste





79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues





82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services2,4005,4067,5445,0867,71020,443
86.0UTILITYWater and Sewer Charges389,252334,082362,504369,441332,241331,578
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds26,71330,39949,585104,04788,67776,647
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets7,2291,3555,83510,001

94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution





98.0
Other Miscellaneous Revenues3,33213,7225,6787,2877,34217,954
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases
20,71542,76748,935

101.0
Other14,792




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 & Wages





109BGENERALGoverning Body - Other Direct

81,17094,836

109CGOVTGoverning Body - Construction

45,229


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





110A
Administration - Salaries & Wages96,54189,71490,21686,82484,24279,344
110B
Administration - Other Direct32,21029,71569,39658,75168,42477,112
110C
Administration - Construction





110D
Administration - Purchase of P,P&E

4721,51445,818
111A
Elections - Salaries & Wages





111B
Elections - Other Direct803,841601,712

111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages





112B
Finance - Other Direct27,17425,84225,46316,13826,20622,269
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 Direct31,32813,93229,23938,51833,93030,566
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct136,978


50,65246,473
115C
Public Buildings - Construction



68,454
115D
Public Buildings - Purchase of P,P&E66,818



48,359
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 Direct37,707214,48451,10857,63453,21956,280
118C
Gen. Govt. All Other - Construction





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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages683,616654,416669,951633,413577,756520,754
119BSAFETYPolice & Comm - Traffic Control - Other Direct238,135280,360262,275258,941244,757196,847
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E30,86444,07246,38837,92674,72128,727
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 Direct746,804735,072725,568654,105

122C
Fire - Construction



473,698464,774
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 Direct69,405




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 & Wages322,603313,630341,750319,412304,511284,390
128B
Streets and Highways - Other Direct128,150188,243176,108164,861174,663155,927
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E7704,21635,31149,14146,50324,636
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 & Wages31,63244,04443,26641,29138,86934,830
130B
Powell Bill - Other Direct13,66733,20340,40030,77839,52131,490
130C
Powell Bill - Construction60,18213,12118,87551,39748,21355,545
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 Direct91,336




135C
Transpor. All Other - Construction





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





136AENVIRONSolid Waste - Salaries & Wages





136BMENTALSolid Waste - Other Direct51,90656,64452,38753,86558,92162,817
136CPROTECTIONSolid 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





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 & Wages





140B& PHYSICALPlanning & Zoning - Other Direct





140CDEVELOPPlanning & 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 Direct6,7926,5227,3515,322

142C
Community Development - Construction





142D
Community Development - Purchase of P,P&E4,9665,4464,0003,780

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 & Wages





153BRECREATIONRecreation & Parks - Other Direct





153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E





154A
Coliseum - Salaries & Wages





154B
Coliseum - Other Direct





154C
Coliseum - Construction





154D
Coliseum - Purchase of P,P&E





155A
Museums - Salaries & Wages





155B
Museums - Other Direct





155C
Museums - Construction





155D
Museums - Purchase of P,P&E





156A
Libraries - Salaries & Wages





156B
Libraries - Other Direct





156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E





157A
Cult. & Recr. All Other - Salaries & Wages





157B
Cult. & Recr. All Other - Other Direct





157C
Cult. & Recr. All Other - Construction





157D
Cult. & Recr. All Other - Purchase of P,P&E





158AUTILITYWater & Sewer - Salaries & Wages87,20697,82690,02981,14778,92168,773
158B
Water & Sewer - Other Direct 240,808230,538236,742232,257224,594182,870
158C
Water & Sewer - Construction





158D
Water & Sewer - Purchase of P,P&E13,2686,517

5,938
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 & Fees109,672122,537134,917143,271150,140173,169
161DSERVICEWater & Sewer - Principal340,420327,554315,174181,729174,860
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 & Fees17,25419,1252,2591,089275877
166D
All Other - Principal58,53856,66819,6566,03815,69625,705
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement33,58233,43932,24330,83828,24639,391
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 vehicles2,354,242.2,195,982.002,150,577.002,082,798.002,044,041.001,673,613.00
180.0
Current year's levy -- Motor vehicles (only)65,186.60,471.0064,925.0073,091.0076,970.0084,715.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh10,170.15,480.0011,557.009,350.000.003,340.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles2,1641,8981,2021,9991,9761,439
183.0DATAPercentage of Taxes Collected - All Property %99.4999.2399.4299.4799.9199.73
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%99.5799.3099.4699.55100.0099.80
185.0
Percentage of Taxes Collected - Motor Vehicles %96.6896.8698.1597.2797.4398.30
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 Other2,381,9972,390,2332,902,8332,463,8372,706,3732,330,714
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 Revenues3,807,9493,676,4773,661,5213,799,5473,593,7283,159,178
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In





194D
Amount - Net Revenues3,807,9493,676,4773,661,5213,799,5473,593,7283,159,178


Calculated amount3,807,9493,676,4773,661,5213,799,5473,593,7283,159,178


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures3,810,4123,650,7213,647,0033,336,5283,191,7482,711,925
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out





195D
Amount - Net Expenditures3,810,4123,650,7213,647,0033,336,5283,191,7482,711,925


Calculated amount3,810,4123,650,7213,647,0033,336,5283,191,7482,711,925


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water


7631,375
401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water59486563,73964,113
402BOperationsAmount processed and/or purchased in units Sewer





403A
Total amount billed in units - Water58506760,70952,137
403B
Total amount billed in units - Sewer





404A
Of the total in 403A above how many units were Residential W52466260,70949,235
404B
Of the total in 403B above how many units were Residential S





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





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





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





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





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





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





408A
Dollars related to 403A above361,434313,955371,879353,404328,641
408B
Dollars related to 403B above





409A
Dollars related to 404A above340,320292,507354,184353,404314,024
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 - Water766747750763

421B
Number of residential accounts billed - Sewer





422A
Number of non-residential & bulk accounts billed - Water1817162

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





423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialGEORGE F GOOSMANN, III

951.0
TitleMAYOR

952.0
Date10.20.2011OCTOBER 28 201011/04/200910/30/200810.31.200710/20/2006
953.0
ContactALLISON DENNIS

954.0
TitleAsst to Town Administrator

955.0
Phone828-274-0824




956.0
Fax828-274-8131




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Biltmore Forest













201120102009200820072006








Population
1,3481,5561,5481,5371,5101,484
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
$389,252334,082362,504369,441339,583346,400
Total Operating Revenues Per Capita
$289215234240225233
Group Weighted Average Revenues Per Capita540511491492485464
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
127.89%147.91%135.71%130.50%140.84%121.50%
Group Weighted Average
98.67%103.53%104.32%100.84%98.61%97.18%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
-27.89%-47.91%-35.71%-30.50%-40.84%-21.50%
Group Weighted Average
1.33%-3.53%-4.32%-0.84%1.39%2.82%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
87.27%126.92%116.27%78.37%90.07%125.05%
Group Weighted Average
2.39%9.32%5.23%5.30%2.84%3.65%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
0.00%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
2.00%1.97%5.24%2.83%2.13%9.41%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
33.44%44.80%47.71%16.55%14.64%55.09%
Group Weighted Average
-9.48%1.18%-23.75%1.30%-0.96%-2.72%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
1.621.801.871.842.532.46
Group Weighted Average
3.563.373.102.843.253.58
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
89.489.866.773.594.855.7
Group Weighted Average
46.851.444.147.945.844.0
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
669.5755.6808.5809.4762.7920.2
Group Weighted Average
358.6346.3349.2373.6497.2407.8
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$35,181-5,31745,98058,720-1,302100,725








Debt to Equity
1.642.022.523.203.563.91
Group Weighted Average
0.260.280.280.310.280.28
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
1,9011,8622,0872,3072,4692,630
Group Weighted Average
834871824898782740
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$13,2686,517005,9380










2005200420032002



$122,36469,42800









Capital Contributions: Excluded from income above
$000000
















Operating Statistics














Estimated population of the areas served Water0007631,375NA
Estimated population of the areas served Sewer00000NA








Number of Gallons of Water Processed (000) omitted59486563,73964,113NA
Number of Gallons of Sewage Processed (000) omitted00000NA








Number of Gallons of Water Billed (000) omitted58506760,70952,137NA
Number of Gallons of Sewage Billed (000) omitted00000NA








Ratio of Water Billed to Water Processed0.980661.041671.027610.952460.81320NA
Ratio of Sewage Billed to Sewage Processed




NA








Total Revenue from Water Sales361,434313,955371,879353,404328,641NA
Total Revenue from Sewage Sales00000NA








Water Revenue per 1000 gallons of Sales



463.17693239.01164NA
Sewage Revenue per 1000 gallons of Sales





NA








Group Average Sales per thousand Gallons Water$0.00015$58.03901$27.87923$1,769.81984$14,046.04813NA
Group Average Sales per thousand Gallons Sewage$0.00021$70.05637$30.85954$824.88077$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$6,493.417296,358.847835,685.136445.821286.37806NA
Residential Sewage Sales per thousand Gallons




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


Go to top of page
Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %63.58%47.57%50.83%50.93%50.08%
Group average FBA %65.48%62.45%66.05%66.79%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 1,000 to 2,499

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Analysis of Property Tax

20072008200920102011
Municipality99.91%99.47%99.42%99.23%99.49%
Pop. Group97.18%96.86%95.99%95.32%96.41%
Statewide97.58%97.56%97.34%97.35%97.42%






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






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Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group294277265256236
Statewide478456455449450






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20072008200920102011
Property Tax$1,4081,3951,4321,4491,803
Utility220240234215289
Sales Tax543542492457541
Sales & Services73643
Intergovernmental115131126189144
Debt Proceeds03228130
Other Miscellaneous87129473645
Total$2,3802,4722,3652,3632,825

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$2,430,119
$1,803
Water/Sewer389,252
289
Electric0
0
Other Utilities0
0
Sales Tax729,838
541
Sales & Services4,500
3
Intergovernment193,687
144
Debt Proceeds0
0
Miscellaneous60,553
45
Total$3,807,949
$2,825





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





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Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$428,836
$319
Water/Sewer341,282
253
Electric0
0
Other Utilities0
0
Debt Service525,884
390
Transportation648,340
481
Public Safety1,802,406
1,337
Other63,664
47
Total$3,810,412
$2,827





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





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Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$1,221,598
$906
Water/Sewer Capital13,268
10
Electric Capital0
0
Other Capital163,600
121
Other Operating2,411,946
1,790
Total$3,810,412
$2,827





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






Last Updated 6/15/2012 11:06:18 AM