North Carolina
Department of State Treasurer
Financial Information
Town of East Spencer



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$669,962 $631,256 $677,311 $664,027 $0 $613,052


Utility 884,793 835,624 792,330 883,272 - 658,600


Sales Tax 191,031 199,102 244,852 270,546 - 297,897


Sales & Services 126,473 185,258 109,007 111,460 - 112,108


Intergovernmental 337,341 297,274 247,565 173,781 - 173,474


Debt Proceeds - - - - - -


Other Miscellaneous 9,065 106,930 27,048 48,730 - 30,630


Total$2,218,665 2,255,444 2,098,113 2,151,816 - 1,885,761










Expenditures by Function







Utility$883,786 1,162,930 911,448 956,263 - 649,438


Debt Service 100,721 123,360 65,794 67,094 - 75,801


Transportation 226,173 156,609 162,253 196,162 - 164,071


General Government 284,223 259,120 307,185 276,209 - 278,609


Public Safety 343,638 459,406 492,252 402,991 - 520,524


Other 109,544 143,540 175,070 260,842 - 163,098


Total$1,948,085 2,304,965 2,114,002 2,159,561 - 1,851,541










Expenditures by Object







Salaries & Wages$411,325 509,257 611,543 562,672 - 475,222


Capital Outlay 219,566 360,918 13,023 17,337 - 82,309


Other Operating + Debt Service 1,317,194 1,434,790 1,489,436 1,579,552 - 1,294,010


Total$1,948,085 2,304,965 2,114,002 2,159,561 - 1,851,541



















Per Capita Revenues by Source







Property Tax$436 371 398 391 - 361


Utility 576 491 465 520 - 387


Sales Tax 124 115 144 159 - 175


Sales & Services 82 109 64 66 - 66


Intergovernmental 220 175 145 102 - 102


Debt Proceeds - - - - - -


Other Miscellaneous 6 63 16 29 - 18


Total$1,444 1,324 1,232 1,267 - 1,109










Per Capita Expenditures by Function







Utility$575 683 535 563 - 382


Debt Service 66 72 39 39 - 45


Transportation 147 92 95 115 - 97


General Government 185 152 180 163 - 163


Public Safety 224 270 289 237 - 306


Other 71 84 103 154 - 96


Total$1,268 1,353 1,241 1,271 - 1,089










Per Capita Expenditures by Object







Salaries & Wages$268 299 359 331 - 280


Capital Outlay 143 212 8 10 - 48


Other Operating 857 842 874 930 - 761


Total$1,268 1,353 1,241 1,271 - 1,089










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 East Spencer Population 1,536 1,703 1,703 1,699 1,695 1,700

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$1,196,555 1,376,591 1,305,783 1,268,544 1,302,554 1,227,161

General Fund expenditures 977,846 1,046,980 1,168,067 1,168,785 1,352,773 1,163,439

Operating transfers in - - - - - -

Operating transfers out - - - - - -

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

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses 218,709 329,611 137,716 99,759 (50,219) 63,722










Fund balance available (FBA):







In dollars$419,451 376,845 295,477 278,604 201,717 201,765


FBA as a % of GF Net Expenditures:







Unit's FBA %42.9035.9925.3023.8414.9117.34


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($468,858) (520,777) (152,588) (296,852) (241,064) (161,099)


Quick ratio0.40 0.22 0.74 0.21 0.19 0.27


Net income163,437 (94,794)(149,999)(121,869)(97,698)(56,967)


Cashflow from operations39,978 (175,364)(90,624)(35,507)13,818 48,385


Depreciation & Amortization Expense38,190 38,508 31,204 41,085 41,570 41,593


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year1,5361,7031,7031,6991,6951,700


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$613,357 $443,007 $676,037 $331,585 $0 $300,763


Investment Earnings461 714 6,935 13,245 0 6,062


Tax Rate Equivalent0.00040.00060.00630.01270.00000.0062


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 200720072007200720032003


January 1, Prior Year Assessed Valuation$106,887,786 110,255,231 109,948,231 104,357,131 91,869,360 97,695,975


Tax Rate0.63000.63000.63000.63000.63000.6300


Tax Rate Group weighted average0.27490.29700.29830.28600.34240.3297


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio104.6097.7696.7299.7894.9098.39


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$102,187,176 112,781,537 113,676,831 104,587,223 96,806,491 99,294,618


EffectiveTax Rate0.65900.61590.60930.62860.59790.6199


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 Collected91.210089.830091.130091.75000.000094.0700


Percent Collected Group weighted average96.4195.3295.9996.8697.1896.94


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles91.9990.5491.8992.670.0094.89


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 72.8572.7873.2776.080.0074.96


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 Uncollected79,329 91,961 83,294 83,038 0 71,271


Tax Rate Equivalent0.07420.08340.07580.07960.00000.0730


Dominant County: Rowan






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$1,766,000 1,778,000 1,801,042 1,826,491 199,941 224,391


General Government GO Debt0 0 12,958 28,509 44,059 59,609


Total General Obligation Debt1,766,000 1,778,000 1,814,000 1,855,000 244,000 284,000


Per Capita$1,150 1,044 1,065 1,092 144 167


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 Sales1.7282%1.5765%1.5958%1.7736%0.2520%0.2860%


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
1,651,000 1,651,000 1,651,000 1,651,000 1,651,000











Installment Sales Purchases and Lease Obligations







--Enterprise$0 0 0 0 0 0


--General Government0 0 0 0 0 0


Total*$0 0 0 0 0 0


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




Revenue Bond Debt $0 0 0 0 0 0


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes1,5361,7031,7031,6991,6951,700









1.5AFISCAL Governmental Activities Assets1,805,9031,541,4451,259,3481,114,747
1,146,437
1.5BSUMMARYGovernmental Activities Liabilities110,803114,824173,829218,962
262,542
3.5A
Business Type Activities Assets1,924,9671,830,1632,100,3132,215,075
720,636
3.5B
Business Type Activities Liabilties1,813,4261,882,0612,057,4172,022,180
308,175
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy614,414631,256640,916612,078
561,108
11.0TAXCurrent Collections of Special Tax Districts
47,213



12.0REVENUESPrior Years' Levy Collections55,548
36,39549,961
37,467
13.0
Penalties and Interest


1,988
14,477
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax
1,181511


16.0
1% Local Government Option Sales Tax89,42787,73292,45181,446
297,897
17.0
1/2% Local Government Option Sales Tax (40)58,16558,21662,36768,824

18.0
1/2% Local Government Option Sales Tax (42)44,23548,01661,91668,408

18.5
1/2% Local Government Option Sales Tax (44)-7965,13828,11851,868

19.0
Privilege Licenses


14,906
6,605
19.2
Privilege -- All other privileges and pemits4,2435,4434,888


20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses949



8,353
23.0
Local Occupancy Tax





24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal





28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety
68,31373,862

38,510
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 Other137,31242,997



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

1,8381,959
1,505
41.0REVENUESTransitional Hold Harmless57,38347,12517,156


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 Tax77,33276,58182,34692,957
61,855
45.0
Beer and Wine Tax9,2626,4708,8027,807
7,557
46.0
Powell Bill56,05255,00362,09369,462
64,047
50.0
Court Fees - Facilities and Arrest Fees
7851,4681,596

51.0
General Government





52.0
Public Safety





53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection





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





57.0
Econ. & Phys. Dev. - All Other





58.0
Human Services -Health, Mental Health, Hosp





59.0
Human Services - All Other





60.0
Culture and Recreation





61.0LOCALPayments 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 Permits





72.0& FEESInspection Fees

1,8852,730

72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste115,058185,258109,007111,460
112,108
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 Services11,415




86.0UTILITYWater and Sewer Charges884,793835,624792,330883,272
658,600
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds4617146,93513,245
6,062
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets





94.0
Sale of Real Property


150

95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution


140

98.0
Other Miscellaneous Revenues3,41252,37912,829

8,312
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases





101.0
Other


17,559
1,298
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 & Wages17,66817,37917,15417,870
11,500
109BGENERALGoverning Body - Other Direct3,6256,3395,8906,240
7,578
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages86,75980,573144,272143,617
78,934
110B
Administration - Other Direct162,251154,829139,869108,482
180,597
110C
Administration - Construction





110D
Administration - Purchase of P,P&E13,920




111A
Elections - Salaries & Wages





111B
Elections - Other Direct





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





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages





114B
Legal - Other Direct





114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct





115C
Public Buildings - Construction





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





116A
Court Facilities - Salaries & Wages





116B
Court Facilities - Other Direct





116C
Court Facilities - Construction





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





117A
Central Services - Salaries & Wages





117B
Central Services - Other Direct





117C
Central Services - Construction





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





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





118B
Gen. Govt. All Other - Other Direct





118C
Gen. Govt. All Other - Construction





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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages193,733240,866239,014218,358
210,426
119BSAFETYPolice & Comm - Traffic Control - Other Direct42,57748,59571,55062,009
125,843
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E
12,000


40,657
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 & Wages53,13545,96453,00833,342
49,470
122B
Fire - Other Direct54,19337,07654,07389,282
50,350
122C
Fire - Construction





122D
Fire - Purchase of P,P&E
5,000


36,703
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
45,19354,522


126B
Pub. Safety All Other - Other Direct
24,71220,085


126C
Pub. Safety All Other - Construction





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





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





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





128A
Streets and Highways - Salaries & Wages57,54655,63061,30864,525
85,065
128B
Streets and Highways - Other Direct50,83056,91787,92270,629
74,123
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E
44,06213,023

4,883
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 Direct49,908

43,671

130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E67,889

17,337

131A
Parking Facilities - Salaries & Wages





131B
Parking Facilities - Other Direct





131C
Parking Facilities - Construction





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





132A
Mass Transit - City - Salaries & Wages





132B
Mass Transit - City - Other Direct





132C
Mass Transit - City - Construction





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





133B
Mass Transit - Private - Other Direct





134A
Airport - Salaries & Wages





134B
Airport - Other Direct





134C
Airport - Construction





134D
Airport - Purchase of P,P&E





135A
Transpor. All Other - Salaries & Wages





135B
Transpor. All Other - Other Direct





135C
Transpor. All Other - Construction





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





136AENVIRONSolid Waste - Salaries & Wages





136BMENTALSolid Waste - Other Direct85,729105,52598,271100,769
83,952
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 & Wages2,48423,65241,37339,067
28,312
140B& PHYSICALPlanning & Zoning - Other Direct1,5603,21310,6669,374
22,113
140CDEVELOPPlanning & Zoning - Construction





140D
Planning & Zoning - Purchase of P,P&E




66
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


43,319

152B
Human Serv. All Other - Other Direct


19,985

152C
Human Serv. All Other - Construction





152D
Human Serv. All Other - Purchase of P,P&E





153ACULTURE Recreation & Parks - Salaries & Wages

8922,574
11,515
153BRECREATIONRecreation & Parks - Other Direct19,77111,15023,86845,754
17,140
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 & Wages





158B
Water & Sewer - Other Direct 746,029863,074911,448956,263
649,438
158C
Water & Sewer - Construction137,757299,856



158D
Water & Sewer - Purchase of P,P&E





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 & Fees86,45472,0649,03910,013
15,164
161DSERVICEWater & Sewer - Principal
22,99125,45024,500
23,500
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 & Fees14,2675,7906,7039,862
14,418
166D
All Other - Principal
22,51524,60222,719
22,719
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement




7,075
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 vehicles646,079.674,554.00674,717.00630,264.000.00759,728.00
180.0
Current year's levy -- Motor vehicles (only)27,575.28,165.0028,564.0036,830.000.0032,429.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh51,754.63,796.0054,730.0046,208.000.0038,842.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles7,4867,6677,6358,808
8,121
183.0DATAPercentage of Taxes Collected - All Property %91.2189.8391.1391.750.0094.07
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%91.9990.5491.8992.670.0094.89
185.0
Percentage of Taxes Collected - Motor Vehicles %72.8572.7873.2776.080.0074.96
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




11,360
189BCASH &Cash On Hand & in Bank - Construction Bond


1,581,367

189CINVESTCash On Hand & in Bank - All Other613,357443,007676,037331,585
289,403
190A PARTAppropriations Made During FY - B(1) - B(7)





190B 8Expenditures Made During FY - B(1) - B(7)





191.0
Investment in Property - B(1) - B(4)





192.0
Amount Expended During FY - B(5) and B(7)





193.0
Amount of Tax Revenues Taken Into Account





194APART 9Amount - Total Revenues2,218,6652,255,4442,098,1132,151,816
1,885,761
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In





194D
Amount - Net Revenues2,218,6652,255,4442,098,1132,151,816
1,885,761


Calculated amount2,218,6652,255,4442,098,1132,151,816
1,885,761


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures1,948,0852,304,9652,114,0022,159,561
1,851,541
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out





195D
Amount - Net Expenditures1,948,0852,304,9652,114,0022,159,561
1,851,541


Calculated amount1,948,0852,304,9652,114,0022,159,561
1,851,541


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water





401BWater /Number of residential accounts billed Sewer





402ASewer Amount processed and/or purchased in units Water
107157159,680

402BOperationsAmount processed and/or purchased in units Sewer
74140135,894

403A
Total amount billed in units - Water

10459,526

403B
Total amount billed in units - Sewer

7238,720

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





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 above
432,932362,513344,792

408B
Dollars related to 403B above
366,483322,174275,565

409A
Dollars related to 404A above





409B
Dollars related to 404B above





410A
Dollars related to 405A above





410B
Dollars related to 405B above





411A
Dollars related to 406A above





411B
Dollars related to 406B above





412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water
588540540

421B
Number of residential accounts billed - Sewer
573530530

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





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





423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialMacon Sammons

951.0
TitleTown administrator

952.0
Date10/31/201101/20/201101/00/190001/00/1900
02/05/2007
953.0
ContactMacon Sammons

954.0
TitleTown administrator

955.0
Phone704-636-7111




956.0
Fax704-639-7734




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of East Spencer













201120102009200820072006








Population
1,5361,7031,7031,6991,6951,700
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
$884,793835,624792,330883,272718,042658,600
Total Operating Revenues Per Capita
$576491465520424387
Group Weighted Average Revenues Per Capita540511491492485464
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
88.63%107.89%118.97%112.92%111.73%106.20%
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
11.37%-7.89%-18.97%-12.92%-11.73%-6.20%
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
0.00%0.00%0.00%0.00%0.00%0.00%
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
18.47%-11.34%-18.93%-13.80%-13.61%-8.65%
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
0.400.220.740.210.190.27
Group Weighted Average
3.563.373.102.843.253.58
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
62.648.452.737.026.319.3
Group Weighted Average
46.851.444.147.945.844.0
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
79.417.7128.50.23.914.2
Group Weighted Average
358.6346.3349.2373.6497.2407.8
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$39,978-175,364-90,624-35,50713,81848,385








Debt to Equity
15.85-34.2942.039.480.610.54
Group Weighted Average
0.260.280.280.310.280.28
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
1,1511,0451,0591,076115132
Group Weighted Average
834871824898782740
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$137,757299,8560000










2005200420032002



$0000









Capital Contributions: Excluded from income above
$000000
















Operating Statistics














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








Number of Gallons of Water Processed (000) omitted0107157159,6800NA
Number of Gallons of Sewage Processed (000) omitted074140135,8940NA








Number of Gallons of Water Billed (000) omitted0010459,5260NA
Number of Gallons of Sewage Billed (000) omitted007238,7200NA








Ratio of Water Billed to Water Processed
0.000000.662420.37278
NA
Ratio of Sewage Billed to Sewage Processed
0.000000.514290.28493
NA








Total Revenue from Water Sales0432,932362,513344,7920NA
Total Revenue from Sewage Sales0366,483322,174275,5650NA








Water Revenue per 1000 gallons of Sales





NA
Sewage Revenue per 1000 gallons of Sales





NA








Group Average Sales per thousand Gallons Water$0.00015$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




NA
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 %14.91%23.84%25.30%35.99%42.90%
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
Municipality0.00%91.75%91.13%89.83%91.21%
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
Municipality1441,0921,0651,0441,150
Pop. Group294277265256236
Statewide478456455449450






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20072008200920102011
Property Tax$0391398371436
Utility0520465491576
Sales Tax0159144115124
Sales & Services0666410982
Intergovernmental0102145175220
Debt Proceeds00000
Other Miscellaneous02916636
Total$01,2671,2321,3241,444

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$669,962
$436
Water/Sewer884,793
576
Electric0
0
Other Utilities0
0
Sales Tax191,031
124
Sales & Services126,473
82
Intergovernment337,341
220
Debt Proceeds0
0
Miscellaneous9,065
6
Total$2,218,665
$1,444





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$284,223
$185
Water/Sewer883,786
575
Electric0
0
Other Utilities0
0
Debt Service100,721
66
Transportation226,173
147
Public Safety343,638
224
Other109,544
71
Total$1,948,085
$1,268





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$411,325
$268
Water/Sewer Capital137,757
90
Electric Capital0
0
Other Capital81,809
53
Other Operating1,317,194
857
Total$1,948,085
$1,268





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






Last Updated 6/15/2012 11:13:30 AM