North Carolina
Department of State Treasurer
Financial Information
Town of Blowing Rock



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$3,068,507 $3,043,892 $3,025,757 $3,013,115 $2,931,420 $2,490,017


Utility 1,341,020 1,353,136 1,473,085 1,427,132 1,372,467 1,337,801


Sales Tax 344,537 345,710 352,471 402,646 400,031 371,861


Sales & Services 363,395 297,933 320,432 325,427 494,037 281,327


Intergovernmental 1,533,559 982,468 325,285 394,666 368,016 270,016


Debt Proceeds 440,260 1,428,429 212,260 5,403,061 1,528,239 193,640


Other Miscellaneous 1,192,434 1,222,259 1,050,832 1,550,361 1,045,541 915,880


Total$8,283,712 8,673,827 6,760,122 12,516,408 8,139,751 5,860,542










Expenditures by Function







Utility$2,703,882 1,949,799 2,486,005 1,543,268 908,865 1,392,572


Debt Service 1,498,886 1,243,942 1,419,595 450,610 507,424 565,685


Transportation 936,621 1,301,856 1,768,319 1,066,583 770,812 856,647


General Government 1,324,712 694,059 763,219 679,375 622,002 583,709


Public Safety 1,410,639 1,248,778 1,723,709 4,147,404 3,020,749 1,165,394


Other 973,714 2,559,402 906,152 951,263 842,454 940,986


Total$8,848,454 8,997,836 9,066,999 8,838,503 6,672,306 5,504,993










Expenditures by Object







Salaries & Wages$2,261,749 2,338,622 2,387,056 2,038,960 1,891,962 1,903,302


Capital Outlay 2,854,145 3,156,896 3,193,215 4,127,054 2,376,263 1,183,959


Other Operating + Debt Service 3,732,560 3,502,318 3,486,728 2,672,489 2,404,081 2,417,732


Total$8,848,454 8,997,836 9,066,999 8,838,503 6,672,306 5,504,993



















Per Capita Revenues by Source







Property Tax$2,461 2,044 2,042 2,050 2,053 1,745


Utility 1,075 909 994 971 961 937


Sales Tax 277 232 238 274 280 261


Sales & Services 291 200 216 221 346 197


Intergovernmental 1,230 660 219 268 258 189


Debt Proceeds 353 959 143 3,676 1,070 136


Other Miscellaneous 956 821 709 1,055 732 642


Total$6,643 5,825 4,561 8,515 5,700 4,107










Per Capita Expenditures by Function







Utility$2,168 1,309 1,677 1,050 636 976


Debt Service 1,202 835 958 307 355 396


Transportation 751 874 1,193 726 540 600


General Government 1,063 467 516 462 436 410


Public Safety 1,131 839 1,163 2,821 2,115 817


Other 781 1,719 611 647 590 659


Total$7,096 6,043 6,118 6,013 4,672 3,858










Per Capita Expenditures by Object







Salaries & Wages$1,814 1,571 1,611 1,387 1,325 1,334


Capital Outlay 2,289 2,120 2,155 2,808 1,664 830


Other Operating 2,993 2,352 2,352 1,818 1,683 1,694


Total$7,096 6,043 6,118 6,013 4,672 3,858










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 Blowing Rock Population 1,247 1,489 1,482 1,470 1,428 1,427

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$4,765,972 4,842,292 4,754,231 4,867,781 4,748,909 4,125,767

General Fund expenditures 4,945,987 4,663,463 4,580,553 3,912,003 3,587,846 3,620,222

Operating transfers in - - - - - -

Operating transfers out 266,530 213,910 248,778 762,575 820,342 360,302

Capital leases and installment purchase proceeds 80,000 32,209 172,969 60,125 7,686 157,662

Other items 527,906 15,553 79,290 6,771 74,000 54,881

Excess of revenues and other sources over (under) expenditures and other uses 161,361 12,681 177,159 260,099 422,407 357,786










Fund balance available (FBA):







In dollars$2,611,642 2,294,177 2,425,948 2,247,335 2,008,470 1,457,812


FBA as a % of GF Net Expenditures:







Unit's FBA %50.8847.3552.1048.7045.6438.13


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$1,223,851 1,398,871 1,464,276 752,262 929,801 759,045


Quick ratio2.53 2.29 2.86 1.92 3.03 2.50


Net income1,412,392 704,615 502,092 839,657 573,953 467,338


Cashflow from operations1,168,191 (99,541)575,581 736,744 527,669 406,292


Depreciation & Amortization Expense308,694 300,639 293,281 288,259 268,270 259,966


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year1,2471,4891,4821,4701,4281,427


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$5,150,140 $5,186,749 $6,323,225 $7,222,584 $7,889,640 $2,551,745


Investment Earnings12,365 29,339 109,992 205,596 216,470 124,810


Tax Rate Equivalent0.00110.00270.01010.01920.02060.0150


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$1,102,259,271 1,099,119,157 1,087,098,664 1,068,222,801 1,048,677,103 832,864,904


Tax Rate0.28000.28000.28000.28000.28000.2950


Tax Rate Group weighted average0.27490.29700.29830.28600.34240.3297


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio97.9191.0178.3884.0397.5376.49


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$1,125,788,245 1,207,690,536 1,386,959,255 1,271,239,797 1,075,235,418 1,088,854,627


EffectiveTax Rate0.27410.25480.21950.23530.27310.2256


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 Collected97.230097.990098.710099.220099.040099.4900


Percent Collected Group weighted average96.4195.3295.9996.8697.1896.94


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles97.3298.0298.8099.3199.1599.62


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 91.4095.5793.1794.6093.4994.30


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 Uncollected130,106 106,686 87,119 75,338 79,281 65,825


Tax Rate Equivalent0.01180.00970.00800.00710.00760.0079


Dominant County: Watauga






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'sAa3Aa3





S & P
















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




Enterprise GO Debt$210,000 415,000 620,000 820,000 1,010,000 1,195,000


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt210,000 415,000 620,000 820,000 1,010,000 1,195,000


Per Capita$168 279 418 558 707 837


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 Sales0.0187%0.0344%0.0447%0.0645%0.0939%0.1097%


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$2,203,713 2,491,653 1,774,685 2,064,800 0 0


--General Government4,188,750 4,510,417 4,832,083 5,153,750 5,475,417 1,097,083


Total*$6,392,463 7,002,070 6,606,768 7,218,550 5,475,417 1,097,083


* 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 Changes1,2471,4891,4821,4701,4281,427









1.5AFISCAL Governmental Activities Assets19,309,99020,031,57918,636,26016,665,19714,961,8138,595,717
1.5BSUMMARYGovernmental Activities Liabilities14,908,9926,755,3786,348,6596,578,2476,096,6061,606,482
3.5A
Business Type Activities Assets5,899,61013,623,03212,667,38812,542,37510,447,37210,119,757
3.5B
Business Type Activities Liabilties2,258,2692,384,7012,133,6722,510,7511,255,4051,501,743
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy3,014,2073,003,0782,999,8862,968,8642,905,1762,448,537
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections38,68628,62923,31532,94814,96928,416
13.0
Penalties and Interest15,61412,1852,55611,30311,27513,064
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax1,0091,010



16.0
1% Local Government Option Sales Tax161,129163,808176,055191,201188,740180,242
17.0
1/2% Local Government Option Sales Tax (40)64,36360,52964,40669,15369,28161,959
18.0
1/2% Local Government Option Sales Tax (42)75,60968,90963,35168,18268,34061,174
18.5
1/2% Local Government Option Sales Tax (44)43,43652,46448,65974,11073,67068,486
19.0
Privilege Licenses16,53516,62215,26917,76816,0619,414
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses61,64662,08868,0516,33470,78153,826
23.0
Local Occupancy Tax291,188275,081305,795321,830318,289307,007
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 Safety





31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection





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





35.0
Econ. & Phys. Dev. - All Other





36.0
Human Services: Health, Mental Hlt & Hosp





37.0
Human Services: All Other





38.0
Culture & Recreation





39.0STATEPayments In Lieu of Taxes - State





40.0INTERGOVUnauthorized Substance Tax
753


398
41.0REVENUESTransitional Hold Harmless10,6129,77918,139
4486,524
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 Tax194,139194,889191,619257,277237,743145,609
45.0
Beer and Wine Tax6,5632,1146,6026,5786,4486,316
46.0
Powell Bill76,94376,28985,61894,53184,700
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government70,000




52.0
Public Safety9,0894,0401,325

13,766
53.0
Transportation - Streets25,10923,05914,16813,20811,47786,227
54.0
Transportation - All Other
167,812684


55.0
Environmental Protection1,136,807

12,80027,200
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
500,000



61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government





63.0REVENUESPublic Safety4,2973,7337,13010,272
11,176
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 Permits88,26165,74085,148116,88595,13598,453
72.0& FEESInspection Fees3,5017,5909,23722,54418,18820,020
72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues5,0579,20423,9553,349213,5352,538
75.0SERVICESRents and Royalties63,56060,27760,71061,60061,70060,936
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste99,268106,027114,993102,529107,890110,060
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries6,37515,50022,27530,1008,45016,730
81.0
Recreation Service Revenues131,958103,68095,224124,56999,17787,748
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services57,1773,2453,2753,2803,2853,315
86.0UTILITYWater and Sewer Charges1,341,0201,353,1361,473,0851,427,1321,372,4671,337,801
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds12,36529,339109,992205,596216,470124,810
91.0
Special Assessments





92.0
Private Contributions and Donations
521,18776,270477,99671,65099,737
93.0
Sales of Materials and Fixed Assets9,65615,55383,3408,56210,5825,881
94.0
Sale of Real Property518,250



50,000
95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution120,000170,000170,000316,006195,000120,000
98.0
Other Miscellaneous Revenues
58,049127,73056,84033,38526,732
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases440,2601,428,429212,2605,403,0611,528,239193,640
101.0
Other70,023




102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits1,0217,062-5,1616,2019,8854,358
106.0
Deposits Other than Utility





107.0
Prepaid Taxes1,7222,113
636269
108.0
Prepaid Privilege Licenses372-37110,36510,2289,5728,745
109APART 4Governing Body - Salaries & Wages15,60015,60020,08426,92830,60016,769
109BGENERALGoverning Body - Other Direct24,79024,86320,26143,90833,56641,920
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages92,00287,52890,26682,53475,12073,286
110B
Administration - Other Direct





110C
Administration - Construction





110D
Administration - Purchase of P,P&E





111A
Elections - Salaries & Wages
3,557
3,072
2,078
111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages131,462141,344140,216148,264139,887142,620
112B
Finance - Other Direct100,54991,55187,33699,11986,30768,183
112C
Finance - Construction





112D
Finance - Purchase of P,P&E5,7723,7326,161
9,4436,710
113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E


7,453

114A
Legal - Salaries & Wages12,36334,79834,82567,0679,4469,866
114B
Legal - Other Direct





114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages7,3737,4498,1125,2207,1753,921
115B
Public Buildings - Other Direct40,88531,82838,07236,91832,32934,781
115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E12,1753,5948,1858,58021,84918,256
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 & Wages211,874248,215309,701


118B
Gen. Govt. All Other - Other Direct


150,312176,280165,319
118C
Gen. Govt. All Other - Construction669,867




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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages500,631500,647523,545493,908505,692536,552
119BSAFETYPolice & Comm - Traffic Control - Other Direct326,942281,531233,382243,339240,214197,385
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E128,35748,0949,03260,92364,17067,378
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 & Wages280,531265,850249,235240,550195,631151,396
122B
Fire - Other Direct142,600129,300130,10095,10763,77299,702
122C
Fire - Construction

534,7202,966,7881,904,97194,761
122D
Fire - Purchase of P,P&E



5,404
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


15,00015,000
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 & Wages243,997265,250250,427244,310237,779245,413
128B
Streets and Highways - Other Direct523,487697,748556,623572,935357,176324,791
128C
Streets and Highways - Construction63,458227,359875,651106,16846,153169,324
128D
Streets and Highways - Purchase of P,P&E28,73635,210
48,63945,00430,894
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 Direct





130C
Powell Bill - Construction76,94376,28985,61894,53184,70086,225
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 & Wages100,84496,78799,47791,31288,33495,004
136BMENTALSolid Waste - Other Direct202,655159,876160,979170,261165,216181,947
136CPROTECTIONSolid Waste - Construction





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

1,564
3,99531,434
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 Direct7658211,4382,3982,69329,208
138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E





139A
Environ. All Other - Salaries & Wages





139B
Environ. All Other - Other Direct


12,80027,200
139C
Environ. All Other - Construction





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





140AECONOMICPlanning & Zoning - Salaries & Wages141,298147,852141,637138,947130,016137,301
140B& PHYSICALPlanning & Zoning - Other Direct64,58769,12080,03873,98965,99947,796
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E7,6056,3948,02327,4647,7025,922
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 & Wages221,432200,652200,289188,986180,796181,243
153BRECREATIONRecreation & Parks - Other Direct189,902170,279164,082159,797151,865129,970
153C
Recreation & Parks - Construction33,5011,701,96248,19962,939

153D
Recreation & Parks - Purchase of P,P&E6,157
42622,37018,638101,161
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 Direct4,9685,659



157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages302,342323,093319,242307,862291,486307,853
158B
Water & Sewer - Other Direct 579,966572,444551,127529,207468,145512,825
158C
Water & Sewer - Construction1,821,5741,054,2621,563,932636,638130,669527,412
158D
Water & Sewer - Purchase of P,P&E

51,70469,56118,56536,360
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




8,122
161.1D
Storm Water - Purchase of P,P&E





161BDEBTWater & Sewer - Interest & Fees40,58652,888404,30131,87838,03542,835
161DSERVICEWater & Sewer - Principal391,173402,36551,952202,659231,568231,155
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 & Fees255,784260,545409,62828,07941,21785,084
166D
All Other - Principal811,343528,144553,714187,994196,604206,611
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement12,0514,91010,43313,5637,912
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement19,52718,44633,26218,22617,98318,220
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 vehicles3,054,286.3,027,111.002,997,450.002,940,492.002,883,320.002,401,612.00
180.0
Current year's levy -- Motor vehicles (only)48,368.46,880.0051,201.0055,007.0054,716.0056,602.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh81,738.59,806.0035,918.0020,331.0024,565.009,223.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles4,1622,0793,4952,9733,5613,227
183.0DATAPercentage of Taxes Collected - All Property %97.2397.9998.7199.2299.0499.49
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%97.3298.0298.8099.3199.1599.62
185.0
Percentage of Taxes Collected - Motor Vehicles %91.4095.5793.1794.6093.4994.30
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 Other5,150,1405,186,7496,323,2257,222,5847,889,6402,551,745
190A PARTAppropriations Made During FY - B(1) - B(7)5,133,8354,791,5254,739,1314,644,9754,463,1674,989,454
190B 8Expenditures Made During FY - B(1) - B(7)4,945,9874,663,4634,580,5533,912,0033,587,8464,690,125
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 Revenues8,639,9898,997,7027,139,83113,621,8239,190,0936,295,542
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In356,277323,875379,7091,105,4151,050,342435,000
194D
Amount - Net Revenues8,283,7128,673,8276,760,12212,516,4088,139,7515,860,542


Calculated amount8,283,7128,673,8276,760,12212,516,4088,139,7515,860,542


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures9,204,7319,321,7119,446,7089,943,9187,722,6485,939,993
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out356,277323,875379,7091,105,4151,050,342435,000
195D
Amount - Net Expenditures8,848,4548,997,8369,066,9998,838,5036,672,3065,504,993


Calculated amount8,848,4548,997,8369,066,9998,838,5036,672,3065,504,993


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



2,168
401BWater /Number of residential accounts billed Sewer



1,683
402ASewer Amount processed and/or purchased in units Water140144140179,930199,000
402BOperationsAmount processed and/or purchased in units Sewer9911910084,830103,000
403A
Total amount billed in units - Water838892105,235111,153
403B
Total amount billed in units - Sewer75737890,06193,835
404A
Of the total in 403A above how many units were Residential W46515052,17559,914
404B
Of the total in 403B above how many units were Residential S38393838,58843,222
405A
Of the total in 403 above, how many units were Outside Muni W



1,421
405B
Of the total in 403 above, how many units were Outside Muni S



164
406A
Of the total in 405A above how many units were Residential W



672
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 above654,228671,733695,320712,326736,751
408B
Dollars related to 403B above548,237545,227567,972610,513597,645
409A
Dollars related to 404A above407,192461,498459,955477,462459,038
409B
Dollars related to 404B above359,015350,070346,958345,371343,052
410A
Dollars related to 405A above



20,801
410B
Dollars related to 405B above



1,564
411A
Dollars related to 406A above



13,793
411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water1,8931,9191,9191,911

421B
Number of residential accounts billed - Sewer1,4891,4931,4891,479

422A
Number of non-residential & bulk accounts billed - Water280290288279

422B
Number of non-residential & bulk accounts billed - Sewer230239241225

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialNicole M. Norman

951.0
TitleFinance Officer

952.0
Date10/27/201110/28/201010/28/2009October 31,200811/19/200710/30/2006
953.0
ContactNicole M. Norman

954.0
TitleFinance Officer

955.0
Phone(828) 295-5200




956.0
Fax(828) 295-5202




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Blowing Rock













201120102009200820072006








Population
1,2471,4891,4821,4701,4281,427
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
$1,341,0201,353,1361,473,0851,427,1321,372,4671,337,801
Total Operating Revenues Per Capita
$1,075909994971961937
Group Weighted Average Revenues Per Capita540511491492485464
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
88.59%88.59%79.85%79.11%75.58%80.35%
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
11.41%11.41%20.15%20.89%24.42%19.65%
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
11.93%14.78%14.00%14.01%15.63%15.32%
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
20.55%22.79%33.48%37.38%41.82%34.93%
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
2.532.292.861.923.032.50
Group Weighted Average
3.563.373.102.843.253.58
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
88.2305.479.681.482.369.3
Group Weighted Average
46.851.444.147.945.844.0
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
648.3488.2748.6472.0461.1401.7
Group Weighted Average
358.6346.3349.2373.6497.2407.8
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$1,168,191-99,541575,581736,744527,669406,292








Debt to Equity
0.140.150.170.210.110.15
Group Weighted Average
0.260.280.280.310.280.28
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
1,3721,1691,1791,437716879
Group Weighted Average
834871824898782740
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$1,821,5741,054,2621,615,636706,199149,234563,772










2005200420032002



$494,163530,51320,175407,259









Capital Contributions: Excluded from income above
$1,136,807396,2208,844306,20300
















Operating Statistics














Estimated population of the areas served Water00002,168NA
Estimated population of the areas served Sewer00001,683NA








Number of Gallons of Water Processed (000) omitted140144140179,930199,000NA
Number of Gallons of Sewage Processed (000) omitted9911910084,830103,000NA








Number of Gallons of Water Billed (000) omitted838892105,235111,153NA
Number of Gallons of Sewage Billed (000) omitted75737890,06193,835NA








Ratio of Water Billed to Water Processed0.594430.610060.656130.584870.55856NA
Ratio of Sewage Billed to Sewage Processed0.758280.614420.778981.061660.91102NA








Total Revenue from Water Sales654,228671,733695,320712,326736,751NA
Total Revenue from Sewage Sales548,237545,227567,972610,513597,645NA








Water Revenue per 1000 gallons of Sales




339.82980NA
Sewage Revenue per 1000 gallons of Sales




355.10695NA








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$8,825.140889,122.316669,267.680849.151167.66161NA
Residential Sewage Sales per thousand Gallons$9,505.295219,036.396499,230.061198.950227.93698NA








Water Sales per thousand Gallons outside Municipal Limits



14.63828NA
Sewage Sales per thousand Gallons outside Municipal Limits



9.53659NA








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 %45.64%48.70%52.10%47.35%50.88%
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
Municipality99.04%99.22%98.71%97.99%97.23%
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
Municipality707558418279168
Pop. Group294277265256236
Statewide478456455449450






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20072008200920102011
Property Tax$2,0532,0502,0422,0442,461
Utility9619719949091,075
Sales Tax280274238232277
Sales & Services346221216200291
Intergovernmental2582682196601,230
Debt Proceeds1,0703,676143959353
Other Miscellaneous7321,055709821956
Total$5,7008,5154,5615,8256,643

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$3,068,507
$2,461
Water/Sewer1,341,020
1,075
Electric0
0
Other Utilities0
0
Sales Tax344,537
277
Sales & Services363,395
291
Intergovernment1,533,559
1,230
Debt Proceeds440,260
353
Miscellaneous1,192,434
956
Total$8,283,712
$6,643





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$1,324,712
$1,063
Water/Sewer2,703,882
2,168
Electric0
0
Other Utilities0
0
Debt Service1,498,886
1,202
Transportation936,621
751
Public Safety1,410,639
1,131
Other973,714
781
Total$8,848,454
$7,096





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$2,261,749
$1,814
Water/Sewer Capital1,821,574
1,461
Electric Capital0
0
Other Capital1,032,571
828
Other Operating3,732,560
2,993
Total$8,848,454
$7,096





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






Last Updated 6/15/2012 11:06:47 AM