North Carolina
Department of State Treasurer
Financial Information
Town of Black Mountain



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
Go to Buncombe County Map Page



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
201120102009200820072006

Revenues by Source







Property Tax$3,481,575 $3,025,260 $2,905,947 $2,823,545 $2,758,317 $2,379,592


Utility 1,116,139 1,161,016 1,179,148 1,160,818 1,133,414 1,052,187


Sales Tax 882,963 934,200 992,634 1,090,092 1,118,559 1,044,122


Sales & Services 1,600,961 1,544,160 1,573,827 1,615,121 1,550,594 1,323,143


Intergovernmental 1,039,103 1,717,132 1,548,969 1,270,018 770,326 909,530


Debt Proceeds 248,000 2,100,002 500,000 265,500 - -


Other Miscellaneous 1,686,896 422,424 1,044,526 643,526 667,506 623,906


Total$10,055,637 10,904,194 9,745,051 8,868,620 7,998,716 7,332,480










Expenditures by Function







Utility$1,753,243 1,238,572 876,264 1,688,939 976,617 770,553


Debt Service 535,559 209,553 280,844 292,610 313,552 360,009


Transportation 817,407 898,511 623,059 634,056 648,570 763,018


General Government 1,191,336 3,304,718 1,784,018 1,188,703 1,148,969 1,085,280


Public Safety 2,783,097 2,508,191 2,753,970 2,568,911 2,499,803 2,291,518


Other 2,801,430 2,578,088 3,373,881 2,368,844 2,254,417 2,130,710


Total$9,882,072 10,737,633 9,692,036 8,742,063 7,841,928 7,401,088










Expenditures by Object







Salaries & Wages$3,436,715 3,438,619 3,425,500 3,291,618 3,173,760 3,015,559


Capital Outlay 1,554,911 3,222,400 2,286,498 1,371,335 776,340 735,583


Other Operating + Debt Service 4,890,446 4,076,614 3,980,038 4,079,110 3,891,828 3,649,946


Total$9,882,072 10,737,633 9,692,036 8,742,063 7,841,928 7,401,088



















Per Capita Revenues by Source







Property Tax$442 355 338 356 353 309


Utility 142 136 137 147 145 137


Sales Tax 113 110 117 137 143 136


Sales & Services 203 181 183 204 199 172


Intergovernmental 132 201 180 160 99 118


Debt Proceeds 31 246 58 34 - -


Other Miscellaneous 214 50 121 81 86 81


Total$1,277 1,279 1,134 1,119 1,025 953










Per Capita Expenditures by Function







Utility$223 145 102 213 125 100


Debt Service 68 25 33 37 40 47


Transportation 104 105 72 80 83 99


General Government 151 388 208 150 148 141


Public Safety 353 294 320 324 320 298


Other 356 302 392 299 289 277


Total$1,255 1,259 1,127 1,103 1,005 962










Per Capita Expenditures by Object







Salaries & Wages$436 403 398 415 407 392


Capital Outlay 197 378 266 173 99 96


Other Operating 622 478 463 515 499 474


Total$1,255 1,259 1,127 1,103 1,005 962










Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Number of Municipalites in Group 119 122 120 120 124 123


Average Population In Group 4,793 4,664 4,697 4,793 4,727 4,663


Town of Black Mountain Population 7,875 8,526 8,597 7,923 7,805 7,694

Group Average Per Capita Revenues by Source







Property Tax 356 342346336310306


Utility 392 322314310313326


Sales Tax 125 125144160160154


Sales & Services 86 8885807874


Intergovernmental 237 202185180174160


Debt Proceeds 127 8020917110895


Other Miscellaneous 131 106105133160126


Total 1,454 1,2651,3881,3701,3031,241










Group Average Per Capita Expenditures by Function







Utility 422 419414370332305


Debt Service 111 1031001029698


Transportation 91 9595110111112


General Government 173 179185169159156


Public Safety 314 323318318310280


Other 242 220219230235209


Total 1,353 1,3391,3311,2991,2431,160










Group Average Per Capita Expenditures by Object







Salaries & Wages 447 431429414405390


Capital Outlay 250 325317279252205


Other Operating 655 583585606584564


Total 1,352 1,3391,3311,2991,2411,159


















General Fund
Go to top of page
201120102009200820072006

General Fund revenues$6,955,975 6,129,503 6,704,489 6,309,539 6,065,388 5,637,932

General Fund expenditures 7,048,871 8,332,930 6,964,077 6,287,874 6,138,141 5,923,909

Operating transfers in 172,090 182,090 187,090 188,140 184,000 184,600

Operating transfers out 265,000 20,285 20,285 28,335 18,575 -

Capital leases and installment purchase proceeds 248,000 2,100,002 - - - -

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 62,194 58,380 (92,783) 181,470 92,672 (101,377)










Fund balance available (FBA):







In dollars$2,608,002 2,668,020 2,589,836 2,683,661 2,491,263 2,356,357


FBA as a % of GF Net Expenditures:







Unit's FBA %36.9142.6737.0842.4940.4639.78


Group weighted average FBA %69.3067.3970.2565.0564.3162.32


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:
Go to top of page







Golf, Water/Sewer













Combined financial results:







Working capital$1,725,550 1,415,813 1,338,531 1,170,055 1,136,993 1,013,339


Quick ratio6.49 4.10 4.25 3.77 3.50 3.49


Net income(20,502)836 109,911 4,109 162,148 (57,598)


Cashflow from operations67,556 339,266 453,574 366,745 318,130 159,601


Depreciation & Amortization Expense123,500 132,655 123,948 121,075 115,635 120,377


























Cash, Investments and Financing
Go to top of page
201120102009200820072006











Population at July 1st of the Previous Year7,8758,5268,5977,9237,8057,694


Population GroupNo Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999


Cash &Investments$4,547,856 $4,477,743 $4,653,410 $4,291,093 $4,059,407 $3,678,533


Investment Earnings7,530 11,259 69,781 169,504 183,763 136,110


Tax Rate Equivalent0.00080.00120.00760.01920.02140.0223


Tax Rate Equivalent Group weighted average0.00330.00550.01300.02940.04370.0322


Tax Rate Equivalent Statewide weighted average0.03170.02470.01330.05240.09200.0573


Latest year of Revaluation 200620062006200620062002


January 1, Prior Year Assessed Valuation$945,881,051 940,896,626 914,407,662 884,919,186 860,599,183 610,564,065


Tax Rate0.36500.32000.32000.32000.32000.3850


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


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 average102.19102.8492.1790.9283.5191.52


Assessment -to-Sales Ratio Statewide101.4798.2790.8188.5388.4192.28


Assessed Valuation Adjusted for Assesment to Sales Ratio$1,011,313,002 1,005,661,208 1,093,789,069 1,012,493,348 870,083,089 739,092,198


EffectiveTax Rate0.34140.29940.26750.27970.31650.3180


Group weighted average Effective Tax Rate0.28380.26240.24860.24270.26020.2921


Statewide weighted average Effective Tax Rate0.41830.40200.38700.37520.39340.3987


Percent Collected98.700098.510098.470098.920099.160099.0200


Percent Collected Group weighted average96.6795.4095.4195.8196.7096.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles98.9698.8498.8499.2999.5599.45


Percent Collected Excluding Motor Vehicles Group weighted average97.3897.4397.5598.0697.9998.08


Percent Collected Excluding Motor Vehicles Statewide weighted average98.2598.2398.3098.6598.5998.61


Percent Collected Motor Vehicles Only 93.5092.6592.4293.4893.6794.98


Percent Collected Motor Vehicles Only Group weighted average85.3885.6085.2385.7586.0486.22


Percent Collected Motor Vehicles Only Statewide weighted average 86.4186.3886.5586.7486.7186.80


Tax Uncollected203,367 194,664 198,802 197,343 193,292 238,370


Tax Rate Equivalent0.02150.02070.02170.02230.02250.0390


Dominant County: Buncombe






Debt Information








Population Group5,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,9995,000 to 9,999


Ratings:







Fitch







Moody's







S & P
















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




Enterprise GO Debt$0 0 0 0 0 0


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population Group79 89 69 71 93 117


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 Average0.0680%0.0786%0.0531%0.0577%0.0861%0.1199%


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 46,147 105,209


--General Government2,720,614 2,897,225 867,833 419,333 464,667 510,000


Total*$2,720,614 2,897,225 867,833 419,333 510,814 615,209


* The total only includes the contracts that require Local Government Commission approval.




Revenue Bond Debt $1,153,460 188,542 0 0 0 0


















Annual Financial Information Report Detail
Go to top of page






LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes7,8758,5268,5977,9237,8057,694









1.5AFISCAL Governmental Activities Assets12,657,79111,377,9279,743,5077,814,4757,738,0067,392,260
1.5BSUMMARYGovernmental Activities Liabilities3,863,3434,463,3332,530,0531,448,5041,655,4551,575,971
3.5A
Business Type Activities Assets8,431,0047,115,9907,135,6607,064,5016,573,1836,333,292
3.5B
Business Type Activities Liabilties2,530,2181,663,0761,683,5821,722,3321,235,1251,157,382
6.5A
Fiduciary Funds Assets130,899




6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy3,430,5342,969,1862,866,6542,793,4132,725,6972,352,232
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections38,18743,05126,21317,80021,63417,750
13.0
Penalties and Interest12,85413,02313,08012,33210,9869,610
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax

3,687


16.0
1% Local Government Option Sales Tax473,676436,903469,385504,246522,743492,204
17.0
1/2% Local Government Option Sales Tax (40)176,455277,680231,997194,833196,854180,503
18.0
1/2% Local Government Option Sales Tax (42)226,906199,066172,590192,314194,271178,450
18.5
1/2% Local Government Option Sales Tax (44)5,92620,551118,662198,699204,691192,965
19.0
Privilege Licenses39,53727,66727,29030,69929,10529,859
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses32,23630,74032,50134,58832,90834,383
21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses132,815
12,71118,08099,26689,848
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax5858128867419671,228
27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.




205,976
29.0REVENUESGeneral Government





30.0
Public Safety
4,086173,3301,055
34,822
31.0
Transportation - Streets68,1636,479



32.0
Transportation - All Other
303,228


33,827
33.0
Environmental Protection
389,583



34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.





35.0
Econ. & Phys. Dev. - All Other
3,960

6,000
36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation94,554



8,897
39.0STATEPayments In Lieu of Taxes - State18,83618,83618,83618,83618,16518,165
40.0INTERGOVUnauthorized Substance Tax4132,9751,079715984559
41.0REVENUESTransitional Hold Harmless127,083




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 Distribution24,02925,51523,72215,61319,91516,361
44.0
Utility Franchise Tax404,597498,361484,641421,089302,906276,023
45.0
Beer and Wine Tax37,57712,26235,58235,95334,76733,834
46.0
Powell Bill233,787




50.0
Court Fees - Facilities and Arrest Fees2,2461,4251,9253,9414,0722,838
51.0
General Government





52.0
Public Safety
641



53.0
Transportation - Streets
237,913252,035279,779248,935253,361
54.0
Transportation - All Other
24,84830,974


55.0
Environmental Protection
97,72956,239438,841129,459
56.0
Econ. & Phys. Dev. - Housing/Community Dev





57.0
Econ. & Phys. Dev. - All Other





58.0
Human Services -Health, Mental Health, Hosp
15,92321,92020,729

59.0
Human Services - All Other





60.0
Culture and Recreation
43,383443,1305,4675,1235,087
61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety23,73611,235


19,780
64.0
Transportation - Streets





65.0
Transportation - All Other





66.0
Environmental Protection

5,55625,000

67.0
Economic and Physical Development





68.0
Human Services - Health, Mental Hlt & Hosp


3,000

69.0
Human Services - All Other





70.0
Culture and Recreation4,08218,750



71.0PERMITS Building Permits109,843198,21666,483181,996131,79380,160
72.0& FEESInspection Fees1,32519,49722,97229,50025,86424,112
72.1
Amusements licensing and permit taxes





73.0
Other Permits5583,0533,27326,764

74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties
21,51325,54433,14430,16025,714
76.0
Airport





77.0
Fire Protection Charges816,345753,084815,696812,588785,620618,032
78.0
Solid Waste





79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues708,742769,563732,587769,389734,814679,397
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services75,874




86.0UTILITYWater and Sewer Charges1,116,1391,161,0161,179,1481,160,8181,133,4141,052,187
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds7,53011,25969,781169,504183,763136,110
91.0
Special Assessments





92.0
Private Contributions and Donations84,40112,75014,19948,94820,000139,097
93.0
Sales of Materials and Fixed Assets45,8983,048283,88070210,0687,492
94.0
Sale of Real Property

341,076
1,055
95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution51,62750,24980,62848,00064,26245,222
98.0
Other Miscellaneous Revenues325,94565,13385,15944,80468,45536,395
99.0
Proceeds of Sale of Bonds and Notes


265,500

100.0
Proceeds of Capital Leases/Install Purchases248,0002,100,002500,000


101.0
Other854,596

9,200

102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits
125125-28090-80
106.0
Deposits Other than Utility-250-2,524-1,050225-3601,048
107.0
Prepaid Taxes-14,020492-1,036-1,5471,523-28,636
108.0
Prepaid Privilege Licenses
2,4151,923-6,4691,0423,545
109APART 4Governing Body - Salaries & Wages43,10240,44340,44339,26536,67636,432
109BGENERALGoverning Body - Other Direct63,16164,52099,77385,19362,79190,876
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages300,275316,677321,362333,050337,524323,755
110B
Administration - Other Direct299,376370,548340,325423,165421,738367,821
110C
Administration - Construction





110D
Administration - Purchase of P,P&E
2,3521,6991,914
4,656
111A
Elections - Salaries & Wages





111B
Elections - Other Direct
12,077
7,594
4,024
111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages





112B
Finance - Other Direct





112C
Finance - Construction





112D
Finance - Purchase of P,P&E





113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct
60,07457,80156,04456,41646,806
113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages





114B
Legal - Other Direct
33,79531,01431,14030,76821,797
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages
66,46691,51274,23158,86465,883
115B
Public Buildings - Other Direct485,422198,317165,201136,958125,335119,053
115C
Public Buildings - Construction
16,900625,959


115D
Public Buildings - Purchase of P,P&E
2,122,5498,92914913,0574,177
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



5,800
118D
Gen. Govt. All Other - Purchase of P,P&E





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages904,673873,534902,612850,556816,132715,960
119BSAFETYPolice & Comm - Traffic Control - Other Direct564,633428,847403,299432,999350,211311,049
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E84,374
61,75592,099143,86848,859
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 & Wages730,386728,096715,870678,860676,243673,351
122B
Fire - Other Direct377,121307,786293,662306,777311,280290,153
122C
Fire - Construction





122D
Fire - Purchase of P,P&E67,9763,51745,37821,58818,26588,745
123A
Inspectors - Salaries & Wages
47,51247,64649,17444,86445,940
123B
Inspectors - Other Direct
24,22124,52825,67227,88124,503
123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E


783252429
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
32,00032,00032,00062,85244,497
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


18,730

126C
Pub. Safety All Other - Construction





126D
Pub. Safety All Other - Purchase of P,P&E

163,777


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 & Wages178,36878,740103,33371,40167,36595,238
128B
Streets and Highways - Other Direct323,826265,288223,365238,755221,731196,455
128C
Streets and Highways - Construction81,903



39,478
128D
Streets and Highways - Purchase of P,P&E51,826
87514,42943236,472
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 & Wages58,97689,24663,04088,38174,55949,127
130B
Powell Bill - Other Direct45,23452,02225,84227,83824,45930,424
130C
Powell Bill - Construction37,77484,316181,819151,643256,026273,517
130D
Powell Bill - Purchase of P,P&E39,50013,7369007,7453,99842,307
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
25



135C
Transpor. All Other - Construction
315,13819,2982,626

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

4,58731,238

136AENVIRONSolid Waste - Salaries & Wages





136BMENTALSolid Waste - Other Direct741,528694,331677,731558,110530,220509,440
136CPROTECTIONSolid Waste - Construction





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





137A
Drainage & Watershed - Salaries & Wages





137B
Drainage & Watershed - Other Direct





137C
Drainage & Watershed - Construction8,749




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


8,931

139C
Environ. All Other - Construction
74,78166,835


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





140AECONOMICPlanning & Zoning - Salaries & Wages213,682176,517177,700163,992160,521135,569
140B& PHYSICALPlanning & Zoning - Other Direct117,49377,48299,75789,493134,52059,860
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E29,004

16,8921,0101,716
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

14,46516,546

146BSERVICESHealth - Other Direct
15,9157,4634,183

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 & Wages605,569646,226605,123590,365571,454565,889
153BRECREATIONRecreation & Parks - Other Direct785,945673,862629,986655,979622,885570,950
153C
Recreation & Parks - Construction189,69940,91030,53316,61216,940143,712
153D
Recreation & Parks - Purchase of P,P&E109,761
21,864132,570104,01833,528
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
56,474921,854


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





158AUTILITYWater & Sewer - Salaries & Wages401,684375,162342,394335,797329,558308,415
158B
Water & Sewer - Other Direct 497,214371,683396,237462,970434,385444,151
158C
Water & Sewer - Construction802,28340,415124,721576,554205,12712,023
158D
Water & Sewer - Purchase of P,P&E52,06267,3425,715304,4937,5475,964
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

7,1979,125

161.1C
Storm Water - Construction
383,970



161.1D
Storm Water - Purchase of P,P&E





161BDEBTWater & Sewer - Interest & Fees47,26648,24449,06235,60031,82129,341
161DSERVICEWater & Sewer - Principal110,96527,54626,46860,85162,66359,810
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 & Fees149,19643,557168,94337,47843,53751,101
166D
All Other - Principal228,13290,20636,371158,681175,531219,757
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement17,87727,71627,15625,31717,20017,196
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement36,05734,96236,28734,35630,75530,836
172B
Fringe Benefits Other
121,590120,570115,171112,849110,046
173AINTERGOVMulti-Cnty Libr Dis,Cnty,Or Other - Recipient
AuthorityCountyMunicipalityAuthorityCountyMunicipalityAuthorityCountyMunicipalityAuthorityCountyMunicipalityAuthorityCountyMunicipality
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
CountyCountyCountyCountyCounty
174B
Gen Gov Activities Shared W/ Cnty - Item #





174C
Gen Gov Activities Shared W/ Cnty - Amount





175A
Highways (Payments to State) - Recipient
StateStateStateStateState
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 vehicles3,325,515.2,861,586.002,743,991.002,647,529.002,569,003.002,151,596.00
180.0
Current year's levy -- Motor vehicles (only)168,760.161,578.00167,066.00178,522.00181,628.00226,467.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh34,607.33,086.0031,736.0018,821.0011,664.0011,903.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles10,96711,87312,66811,64511,50511,373
183.0DATAPercentage of Taxes Collected - All Property %98.7098.5198.4798.9299.1699.02
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%98.9698.8498.8499.2999.5599.45
185.0
Percentage of Taxes Collected - Motor Vehicles %93.5092.6592.4293.4893.6794.98
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 Other4,547,8564,477,7434,653,4104,291,0934,059,4073,678,533
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 Revenues10,648,59911,106,5699,952,4269,037,6258,164,1417,517,080
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In592,962202,375207,375169,005165,425184,600
194D
Amount - Net Revenues10,055,63710,904,1949,745,0518,868,6207,998,7167,332,480


Calculated amount10,055,63710,904,1949,745,0518,868,6207,998,7167,332,480


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures10,475,03410,940,0089,899,4118,911,0688,007,3537,585,688
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out592,962202,375207,375169,005165,425184,600
195D
Amount - Net Expenditures9,882,07210,737,6339,692,0368,742,0637,841,9287,401,088


Calculated amount9,882,07210,737,6339,692,0368,742,0637,841,9287,401,088


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



6,450
401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water
207176202,563265,605
402BOperationsAmount processed and/or purchased in units Sewer





403A
Total amount billed in units - Water
157128130,593160,055
403B
Total amount billed in units - Sewer





404A
Of the total in 403A above how many units were Residential W
108108107,891110,783
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



12,018
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



6,726
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 above948,676914,910723,063708,745854,013
408B
Dollars related to 403B above





409A
Dollars related to 404A above675,292650,651630,714604,248619,342
409B
Dollars related to 404B above





410A
Dollars related to 405A above



97,244
410B
Dollars related to 405B above





411A
Dollars related to 406A above



57,852
411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water2,9222,8982,8732,819

421B
Number of residential accounts billed - Sewer





422A
Number of non-residential & bulk accounts billed - Water359352348340

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





423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialDean M Luebbe, CPA

951.0
TitleFinance Director

952.0
Date12/13/201111/29/201011/03/200910/30/200811/21/200711/01/2006
953.0
ContactDean M Luebbe

954.0
TitleFinance Director

955.0
Phone828-419-9300-301




956.0
Fax828-669-4204




957.0
E-Mail:


















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



Town of Black Mountain













201120102009200820072006








Population
7,8758,5268,5977,9237,8057,694
Population Group
No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999 No Electric 2,500 to 9,999
Total Operating Revenues
$1,283,3241,160,8931,213,6541,132,6221,135,1871,053,386
Total Operating Revenues Per Capita
$163136141143145137
Group Weighted Average Revenues Per Capita465442409396397412
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
97.66%78.27%73.65%83.34%79.34%83.63%
Group Weighted Average
93.10%92.87%93.32%93.18%90.16%87.26%
State Weighted Average
82.59%85.08%89.86%86.70%82.47%81.57%








Operating Margin
2.34%21.73%26.35%16.66%20.66%16.37%
Group Weighted Average
6.90%7.13%6.68%6.82%9.84%12.74%
State Weighted Average
17.41%14.92%10.14%13.30%17.53%18.43%








Operating Transfers In
1.17%0.00%0.00%0.00%0.00%0.00%
Group Weighted Average
2.55%3.37%2.01%1.52%2.84%2.59%
State Weighted Average
0.85%1.71%1.26%1.45%1.20%1.83%








Operating Transfers Out
9.90%9.20%8.80%9.20%7.53%9.49%
Group Weighted Average
5.13%4.49%7.69%4.05%4.95%2.33%
State Weighted Average
1.89%1.79%2.55%3.08%1.94%2.63%








Net Income before capital contributions
-10.03%6.29%13.54%4.82%21.98%4.33%
Group Weighted Average
-5.62%3.49%0.41%2.42%-2.67%6.45%
State Weighted Average
8.52%7.13%-10.44%7.19%11.65%9.59%








Key Ratios and Cash Flow














Quick Ratio
6.494.524.253.773.503.49
Group Weighted Average
3.362.993.223.123.263.67
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
116.9114.293.7110.7128.194.1
Group Weighted Average
53.357.765.252.352.853.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
531.3644.5620.3495.2490.2474.8
Group Weighted Average
360.2368.6384.6439.3462.7413.2
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$67,556339,266453,574366,745318,130159,601








Debt to Equity
0.390.240.250.270.170.19
Group Weighted Average
0.410.400.400.310.280.25
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
26113914115699103
Group Weighted Average
924863806631533484
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$854,345107,757130,436881,047212,67417,987










2005200420032002



$633,912937,175639,775448,612









Capital Contributions: Excluded from income above
$108,1720022,7397,1390
















Operating Statistics














Estimated population of the areas served Water00006,450NA
Estimated population of the areas served Sewer00000NA








Number of Gallons of Water Processed (000) omitted0207176202,563265,605NA
Number of Gallons of Sewage Processed (000) omitted00000NA








Number of Gallons of Water Billed (000) omitted0157128130,593160,055NA
Number of Gallons of Sewage Billed (000) omitted00000NA








Ratio of Water Billed to Water Processed0.714290.759700.725890.644700.60261NA
Ratio of Sewage Billed to Sewage Processed




NA








Total Revenue from Water Sales948,676914,910723,063708,745854,013NA
Total Revenue from Sewage Sales00000NA








Water Revenue per 1000 gallons of Sales




132.40512NA
Sewage Revenue per 1000 gallons of Sales





NA








Group Average Sales per thousand Gallons Water$0.00493$146.64376$40.01634$1,510.62899$1,842.80047NA
Group Average Sales per thousand Gallons Sewage$0.00751$72.11574$36.04590$1,288.89426$1,811.42912NA








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$6,752,920.000006,051.441595,818.394835.600545.59059NA
Residential Sewage Sales per thousand Gallons




NA








Water Sales per thousand Gallons outside Municipal Limits



8.09153NA
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 %40.46%42.49%37.08%42.67%36.91%
Group average FBA %64.31%65.05%70.25%67.39%69.30%
State average Electric/Non Electric Group FBA %37.39%36.66%37.89%38.70%41.07%
State average FBA %36.54%36.34%64.31%37.47%39.53%






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

Go to top of page
Analysis of Property Tax

20072008200920102011
Municipality99.16%98.92%98.47%98.51%98.70%
Pop. Group96.70%95.81%95.41%95.40%96.67%
Statewide97.58%97.56%97.34%97.35%97.42%






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






Go to top of page
Analysis of General Obligation Debt

20072008200920102011
Municipality00000
Pop. Group9371698979
Statewide478456455449450






Municipal Population Group: 5,000 to 9,999






Go to top of page
Analysis of Revenue

20072008200920102011
Property Tax$353356338355442
Utility145147137136142
Sales Tax143137117110113
Sales & Services199204183181203
Intergovernmental99160180201132
Debt Proceeds0345824631
Other Miscellaneous868112150214
Total$1,0251,1191,1341,2791,277

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$3,481,575
$442
Water/Sewer1,116,139
142
Electric0
0
Other Utilities0
0
Sales Tax882,963
113
Sales & Services1,600,961
203
Intergovernment1,039,103
132
Debt Proceeds248,000
31
Miscellaneous1,686,896
214
Total$10,055,637
$1,277





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





Go to top of page
Analysis of Expenditures by Function for Fiscal 2011











2011
2011
CategoryExpenditures
Per Capita
General Government$1,191,336
$151
Water/Sewer1,753,243
223
Electric0
0
Other Utilities0
0
Debt Service535,559
68
Transportation817,407
104
Public Safety2,783,097
353
Other2,801,430
356
Total$9,882,072
$1,255





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





Go to top of page
Analysis of Expenditures by Object for Fiscal 2011






2011
2011
CategoryExpenditures
Per Capita
Salaries & Wages$3,436,715
$436
Water/Sewer Capital854,345
108
Electric Capital0
0
Other Capital700,566
89
Other Operating4,890,446
622
Total$9,882,072
$1,255





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






Last Updated 6/15/2012 11:06:35 AM