North Carolina
Department of State Treasurer
Financial Information
Town of Elkin



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 Surry 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$2,159,799 $2,213,243 $2,151,376 $1,939,672 $1,926,970 $1,894,596


Utility 444,008 1,251,463 1,342,827 1,339,828 1,338,143 1,441,834


Sales Tax 756,251 750,721 864,610 1,024,733 1,022,388 952,826


Sales & Services 606,058 505,636 508,443 494,864 474,055 468,402


Intergovernmental 701,364 682,800 621,895 634,625 610,127 573,198


Debt Proceeds - - - 104,984 1,375,000 105,000


Other Miscellaneous 298,505 363,777 462,151 1,236,165 530,734 533,795


Total$4,965,985 5,767,640 5,951,302 6,774,871 7,277,417 5,969,651










Expenditures by Function







Utility$946,665 1,335,753 1,576,767 1,466,590 1,105,020 1,217,468


Debt Service 427,280 597,811 817,292 866,618 959,570 864,629


Transportation 654,084 984,013 649,128 910,098 1,186,541 697,505


General Government 865,215 868,926 693,221 849,580 677,435 667,066


Public Safety 1,305,767 1,566,745 1,245,345 1,363,908 1,254,240 1,304,267


Other 1,535,651 1,058,711 1,152,864 1,243,913 1,011,588 1,017,825


Total$5,734,662 6,411,959 6,134,617 6,700,707 6,194,394 5,768,760










Expenditures by Object







Salaries & Wages$2,667,606 2,617,264 2,445,780 2,410,441 2,383,403 2,325,844


Capital Outlay 797,220 787,194 667,782 771,257 729,198 627,822


Other Operating + Debt Service 2,269,836 3,007,501 3,021,055 3,519,009 3,081,793 2,815,094


Total$5,734,662 6,411,959 6,134,617 6,700,707 6,194,394 5,768,760



















Per Capita Revenues by Source







Property Tax$536 524 511 462 462 454


Utility 110 296 319 319 321 345


Sales Tax 188 176 204 245 245 229


Sales & Services 151 120 121 118 114 112


Intergovernmental 174 162 148 151 146 137


Debt Proceeds - - - 25 329 25


Other Miscellaneous 74 86 110 294 127 128


Total$1,233 1,364 1,413 1,614 1,744 1,430










Per Capita Expenditures by Function







Utility$235 316 374 349 265 292


Debt Service 106 141 194 206 230 207


Transportation 162 233 154 217 284 167


General Government 216 206 165 203 162 160


Public Safety 324 371 296 325 301 312


Other 381 250 274 296 242 244


Total$1,424 1,517 1,457 1,596 1,484 1,382










Per Capita Expenditures by Object







Salaries & Wages$663 619 581 574 571 557


Capital Outlay 198 186 159 184 175 150


Other Operating 563 712 717 838 738 675


Total$1,424 1,517 1,457 1,596 1,484 1,382










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 Elkin Population 4,026 4,227 4,211 4,198 4,173 4,175

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$4,520,323 4,499,232 4,598,142 4,698,892 4,515,460 4,419,831

General Fund expenditures 4,493,517 4,693,824 3,992,715 4,673,330 4,477,774 4,006,291

Operating transfers in - 258,330 - - 375,000 -

Operating transfers out 92,806 910,059 507,706 137,449 211,925 344,945

Capital leases and installment purchase proceeds - - - 104,984 - 105,000

Other items - - - - - -

Excess of revenues and other sources over (under) expenditures and other uses (66,000) (846,321) 97,721 (6,903) 200,761 173,595










Fund balance available (FBA):







In dollars$2,327,278 2,047,261 3,474,520 3,054,943 3,323,787 3,108,590


FBA as a % of GF Net Expenditures:







Unit's FBA %50.7436.5377.2064.9270.8773.21


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







Water/Sewer













Combined financial results:







Working capital$374,176 317,817 222,533 71,594 17,355 (8,677)


Quick ratio1.70 1.19 1.28 1.00 0.93 0.91


Net income(778,760)3,162,457 313,228 519,201 181,757 897,419


Cashflow from operations(376,419)281,117 291,690 216,708 327,779 562,570


Depreciation & Amortization Expense167,597 335,579 331,727 339,587 347,942 317,313


























Cash, Investments and Financing
Go to top of page
201120102009200820072006











Population at July 1st of the Previous Year4,0264,2274,2114,1984,1734,175


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$3,111,521 $3,543,453 $4,072,418 $3,937,917 $3,826,147 $3,739,960


Investment Earnings14,338 36,573 76,520 182,027 228,706 139,433


Tax Rate Equivalent0.00310.00770.01670.04450.05620.0347


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 200820082008200420042004


January 1, Prior Year Assessed Valuation$463,498,827 474,908,055 458,209,529 409,301,410 407,125,587 401,583,600


Tax Rate0.47500.47500.47500.47500.47500.4600


Tax Rate Group weighted average0.27780.25520.26970.26690.31160.3191


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio98.0296.3098.7890.2597.7996.67


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$472,861,484 493,154,782 463,868,727 453,519,568 416,326,400 415,416,986


EffectiveTax Rate0.46560.45740.46920.42870.46450.4447


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 Collected96.340097.130097.260098.060098.090097.8000


Percent Collected Group weighted average96.6795.4095.4195.8196.7096.72


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles96.8797.6197.9398.6098.6498.35


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 87.6589.3087.6191.3190.7690.36


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 Uncollected192,480 181,460 183,218 168,857 159,341 162,911


Tax Rate Equivalent0.04150.03820.04000.04130.03910.0406


Dominant County: Surry






Debt Information








Population Group2,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,9992,500 to 4,999


Ratings:







Fitch







Moody'sAa3Aa3A2A2A2A2


S & PA+A+A+AAA











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




Enterprise GO Debt$0 55,000 280,000 505,000 730,000 955,000


General Government GO Debt0 0 0 30,000 70,000 110,000


Total General Obligation Debt0 55,000 280,000 535,000 800,000 1,065,000


Per Capita$0 13 66 127 192 255


Total Per Capita for the Population Group113 107 158 152 149 162


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0112%0.0604%0.1180%0.1922%0.2564%


Total per Assessed Valuation Adjusted for Current Year Sales- Group Average0.0898%0.0802%0.1078%0.1101%0.1223%0.1565%


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$2,151,693 2,279,637 1,086,962 1,330,295 1,563,065 797,951


--General Government285,791 385,791 485,791 585,791 685,791 410,791


Total*$2,437,485 2,665,428 1,572,753 1,916,087 2,248,857 1,208,742


* 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
Go to top of page






LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes4,0264,2274,2114,1984,1734,175









1.5AFISCAL Governmental Activities Assets8,675,7899,432,8269,152,8399,258,8938,799,1368,376,827
1.5BSUMMARYGovernmental Activities Liabilities1,180,4641,488,3151,383,9251,659,1171,730,0901,682,638
3.5A
Business Type Activities Assets12,860,70114,143,4459,666,0059,744,2819,643,7988,995,798
3.5B
Business Type Activities Liabilties2,471,2142,975,1981,660,2152,051,7192,470,4272,004,194
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy1,995,0242,052,9742,130,1581,922,5121,899,0791,856,182
11.0TAXCurrent Collections of Special Tax Districts158




12.0REVENUESPrior Years' Levy Collections151,790149,5049,5843,90114,41429,733
13.0
Penalties and Interest12,98510,76511,63413,25913,4778,681
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax





16.0
1% Local Government Option Sales Tax383,168361,836368,876396,971385,810368,338
17.0
1/2% Local Government Option Sales Tax (40)192,616189,792200,150225,153227,900206,793
18.0
1/2% Local Government Option Sales Tax (42)180,931179,188198,102223,544226,140205,342
18.5
1/2% Local Government Option Sales Tax (44)-46419,90597,482179,065182,538172,353
19.0
Privilege Licenses33,86112,69013,09512,28712,90113,028
19.2
Privilege -- All other privileges and pemits104246



20.0
Auto Licenses15,91316,76017,22518,14917,36417,259
21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses41,35037,27437,48634,47430,34431,395
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





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





41.0REVENUESTransitional Hold Harmless294,679272,947161,52796,564101,610114,335
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 Tax256,906272,165294,290310,038317,656287,659
45.0
Beer and Wine Tax18,6306,00618,85319,22218,86618,339
46.0
Powell Bill127,415126,582142,611158,175165,059144,909
50.0
Court Fees - Facilities and Arrest Fees3,7345,1004,6148,7866,9367,956
51.0
General Government





52.0
Public Safety


41,840

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 Fees1,1203,5854,8207,40510,7547,907
72.1
Amusements licensing and permit taxes





73.0
Other Permits2,0632,5476,1765,5394,0532,498
74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties





76.0
Airport





77.0
Fire Protection Charges792792792792

78.0
Solid Waste218,882222,166217,268209,143202,150202,137
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries7,5506,9505,4505,500

81.0
Recreation Service Revenues344,034242,708249,029244,085235,533232,857
82.0
Library Service Revenues





83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services34,80033,02035,90435,34436,37233,408
86.0UTILITYWater and Sewer Charges444,0081,251,4631,342,8271,339,8281,338,1431,441,834
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds14,33836,57376,520182,027228,706139,433
91.0
Special Assessments 15,24419,99833,73933,384

92.0
Private Contributions and Donations
2519,574190,129

93.0
Sales of Materials and Fixed Assets
5,01730,13721,676

94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution72,27372,96373,96276,95376,73473,800
98.0
Other Miscellaneous Revenues102,081156,099149,417654,142149,878248,475
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases


104,9841,375,000105,000
101.0
Other





102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits





106.0
Deposits Other than Utility





107.0
Prepaid Taxes





108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages17,68217,507



109BGENERALGoverning Body - Other Direct78,056150,425134,19192,22069,08851,057
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages149,147138,627139,715129,680124,04564,669
110B
Administration - Other Direct12,7429,19516,22714,5289,77016,248
110C
Administration - Construction





110D
Administration - Purchase of P,P&E





111A
Elections - Salaries & Wages





111B
Elections - Other Direct





111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages179,012120,868113,954163,427160,270191,022
112B
Finance - Other Direct65,15172,77961,00862,53060,92455,585
112C
Finance - Construction





112D
Finance - Purchase of P,P&E3,6008,001

5,234
113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct





113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages6,459




114B
Legal - Other Direct7,74413,46112,34814,96816,05318,441
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages





115B
Public Buildings - Other Direct49,71455,22350,87654,68329,55423,047
115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E73,425
27,482


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 & Wages58,92747,815



118B
Gen. Govt. All Other - Other Direct163,556235,025137,420317,544202,497246,997
118C
Gen. Govt. All Other - Construction





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





119APUBLICPolice & Comm - Traffic Control - Salaries and Wages926,653833,144828,192814,423811,162818,970
119BSAFETYPolice & Comm - Traffic Control - Other Direct112,827114,551115,679132,176119,713123,683
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E
99,9587,98191,13531,82899,614
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 & Wages193,724194,636184,079176,446170,788165,321
122B
Fire - Other Direct50,48953,30061,24156,87353,20945,307
122C
Fire - Construction





122D
Fire - Purchase of P,P&E22,074230,3075,00050,90026,21613,690
123A
Inspectors - Salaries & Wages





123B
Inspectors - Other Direct





123C
Inspectors - Construction





123D
Inspectors - Purchase of P,P&E





124A
Rescue Units - Salaries & Wages





124B
Rescue Units - Other Direct





124C
Rescue Units - Construction





124D
Rescue Units - Purchase of P,P&E





125A
Animal Control - Salaries & Wages





125B
Animal Control - Other Direct





125C
Animal Control - Construction





125D
Animal Control - Purchase of P,P&E





126A
Pub. Safety All Other - Salaries & Wages





126B
Pub. Safety All Other - Other Direct





126C
Pub. Safety All Other - Construction





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





127ATRANSPORTraffic Engineering - Salaries & Wages





127BTATIONTraffic Engineering - Other Direct





127C
Traffic Engineering - Construction





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





128A
Streets and Highways - Salaries & Wages234,455216,202214,797325,214290,582306,021
128B
Streets and Highways - Other Direct194,409213,757134,138200,788125,242124,208
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E19,81011,47022,75143,978439,63575,447
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 & Wages15,98015,00015,980
15,98015,980
130B
Powell Bill - Other Direct76,639125,620170,452266,649250,97495,743
130C
Powell Bill - Construction





130D
Powell Bill - Purchase of P,P&E
25,992


5,500
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

21,685


134B
Airport - Other Direct24,92421,580
19,39816,34132,421
134C
Airport - Construction





134D
Airport - Purchase of P,P&E32,345293,833



135A
Transpor. All Other - Salaries & Wages31,61129,86528,89628,46928,26324,162
135B
Transpor. All Other - Other Direct23,91130,69429,70825,60219,52418,023
135C
Transpor. All Other - Construction





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

10,721


136AENVIRONSolid Waste - Salaries & Wages103,388103,27497,99497,198105,15294,011
136BMENTALSolid Waste - Other Direct91,72583,42472,19873,88876,47858,842
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E65,450
15,800112,898

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 Direct14,11314,52129,71419,75717,79217,376
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 & Wages55,73253,13151,92650,796113,614101,620
140B& PHYSICALPlanning & Zoning - Other Direct14,56537,95531,23211,7669,6185,170
140CDEVELOPPlanning & Zoning - Construction





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

13,506


141A
Economic Development - Salaries & Wages69,64036,905



141B
Economic Development - Other Direct46,1175,995



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 & Wages39,85250,19049,07548,104

145B
Econ. Dev. All Other - Other Direct5,2655,6499,67416,893

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 & Wages376,174353,852341,975337,014339,094328,244
153BRECREATIONRecreation & Parks - Other Direct200,637208,434225,643220,115207,731229,234
153C
Recreation & Parks - Construction





153D
Recreation & Parks - Purchase of P,P&E363,58618,50035,97021,14933,929
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 Direct89,40786,88192,69588,839108,18096,392
156C
Libraries - Construction





156D
Libraries - Purchase of P,P&E

85,462145,496
86,936
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 & Wages209,170406,248357,512239,670224,453215,824
158B
Water & Sewer - Other Direct 520,565830,372776,146921,219688,211655,009
158C
Water & Sewer - Construction





158D
Water & Sewer - Purchase of P,P&E216,93099,133443,109305,701192,356346,635
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 & Fees97,28460,80882,55288,767118,444109,766
161DSERVICEWater & Sewer - Principal197,196321,575482,583472,020493,156435,235
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 & Fees38,45045,58263,73463,73466,68469,960
166D
All Other - Principal94,350169,846188,423242,097281,286249,668
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement
8,53910,46510,46510,7056,272
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement
32,31032,70831,49030,61931,410
172B
Fringe Benefits Other





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





173BEXPENDMulti-Cnty Libr Dis,Cnty,Or Other - Item #





173C
Multi-Cnty Libr Dis,Cnty,Or Other - Amount





174A
Gen Gov Activities Shared W/ Cnty - Recipient





174B
Gen Gov Activities Shared W/ Cnty - Item #





174C
Gen Gov Activities Shared W/ Cnty - Amount





175A
Highways (Payments to State) - Recipient





175B
Highways (Payments to State) - Item No.





175C
Highways (Payments to State) - Amount





176A
Other - Intergovt. Expenditures - Recipient





176B
Other - Intergovt. Expenditures - Item #





176C
Other - Intergovt. Expenditures - Amount





177A
Other - Intergovt. Expenditures - Recipient





177B
Other - Intergovt. Expenditures - Item #





177C
Other - Intergovt. Expenditures - Amount





178A
Other - Intergovt. Expenditures - Recipient





178B
Other - Intergovt. Expenditures - Item #





178C
Other - Intergovt. Expenditures - Amount





179.0
Current year's levy -- Excluding motor vehicles2,081,094.2,129,744.002,038,651.001,814,097.001,792,468.001,792,972.00
180.0
Current year's levy -- Motor vehicles (only)127,264.130,559.00141,058.00143,383.00134,951.00133,365.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh65,216.50,901.0042,160.0025,474.0024,390.0029,546.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles15,72013,96417,48012,46712,46712,855
183.0DATAPercentage of Taxes Collected - All Property %96.3497.1397.2698.0698.0997.80
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%96.8797.6197.9398.6098.6498.35
185.0
Percentage of Taxes Collected - Motor Vehicles %87.6589.3087.6191.3190.7690.36
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 Other3,111,5213,543,4534,072,4183,937,9173,826,1473,739,960
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 Revenues5,011,4136,295,0336,459,0086,912,3207,487,4176,230,004
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In45,428527,393507,706137,449210,000260,353
194D
Amount - Net Revenues4,965,9855,767,6405,951,3026,774,8717,277,4175,969,651


Calculated amount4,965,9855,767,6405,951,3026,774,8717,277,4175,969,651


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures5,780,0906,939,3526,642,3236,838,1566,404,3946,029,113
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out45,428527,393507,706137,449210,000260,353
195D
Amount - Net Expenditures5,734,6626,411,9596,134,6176,700,7076,194,3945,768,760


Calculated amount5,734,6626,411,9596,134,6176,700,7076,194,3945,768,760


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 Water256292,000,000
310,981,000

402BOperationsAmount processed and/or purchased in units Sewer
182,500,000
198,778,000

403A
Total amount billed in units - Water142179,501,327148,598,240185,645,180

403B
Total amount billed in units - Sewer126132,910,750133,754,476136,019,265

404A
Of the total in 403A above how many units were Residential W6263,124,28065,867,55068,071,430

404B
Of the total in 403B above how many units were Residential S5555,134,69058,572,18060,821,510

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 above603,874522,863531,390543,607

408B
Dollars related to 403B above888,276683,194845,677854,453

409A
Dollars related to 404A above265,704397,376233,811236,624

409B
Dollars related to 404B above390,802512,396372,098373,779

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 - Water1,6011,6011,5991,600

421B
Number of residential accounts billed - Sewer1,4101,4011,3981,398

422A
Number of non-residential & bulk accounts billed - Water506504498483

422B
Number of non-residential & bulk accounts billed - Sewer459456452434

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialJohn W Holcomb

951.0
TitleAsst Town Mgr/Finance Director

952.0
Date03/20/201202/03/201102/16/201001/28/200912/14/200701/10/2007
953.0
ContactJohn W Holcomb

954.0
TitleAsst Town Mgr/Finance Director

955.0
Phone(336) 835-9800




956.0
Fax(336) 835-2999




957.0
E-Mail:


















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



Town of Elkin













201120102009200820072006








Population
4,0264,2274,2114,1984,1734,175
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
$444,0081,251,4631,342,8271,339,8281,338,1431,441,834
Total Operating Revenues Per Capita
$110296319319321345
Group Weighted Average Revenues Per Capita465442409396397412
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
202.10%125.63%109.10%111.99%94.21%87.12%
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
-102.10%-25.63%-9.10%-11.99%5.79%12.88%
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
10.23%42.14%37.81%10.26%15.69%18.06%
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
0.00%2.33%0.00%0.00%0.00%0.00%
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
-823.79%10.68%23.33%-6.03%13.58%23.53%
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
1.701.191.281.000.930.91
Group Weighted Average
3.362.993.223.123.263.67
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
86.386.088.973.668.458.8
Group Weighted Average
53.357.765.252.352.853.8
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
277.2287.4118.234.0118.9159.8
Group Weighted Average
360.2368.6384.6439.3462.7413.2
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
-$376,419281,117291,690216,708327,779562,570








Debt to Equity
0.210.210.180.250.330.26
Group Weighted Average
0.410.400.400.310.280.25
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
536557333449565443
Group Weighted Average
924863806631533484
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$216,93099,133443,109305,701192,356346,635










2005200420032002



$270,677142,660478,65393,977









Capital Contributions: Excluded from income above
$2,878,9393,028,7920600,0000558,149
















Operating Statistics














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








Number of Gallons of Water Processed (000) omitted256292,000,0000310,981,0000NA
Number of Gallons of Sewage Processed (000) omitted0182,500,0000198,778,0000NA








Number of Gallons of Water Billed (000) omitted142179,501,327148,598,240185,645,1800NA
Number of Gallons of Sewage Billed (000) omitted126132,910,750133,754,476136,019,2650NA








Ratio of Water Billed to Water Processed0.555830.61473
0.59697
NA
Ratio of Sewage Billed to Sewage Processed
0.72828
0.68428
NA








Total Revenue from Water Sales603,874522,863531,390543,6070NA
Total Revenue from Sewage Sales888,276683,194845,677854,4530NA








Water Revenue per 1000 gallons of Sales





NA
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$4,293.859080.006300.003550.00348
NA
Residential Sewage Sales per thousand Gallons$7,042.746440.009290.006350.00615
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 %70.87%64.92%77.20%36.53%50.74%
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
Municipality98.09%98.06%97.26%97.13%96.34%
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
Municipality19212766130
Pop. Group149152158107113
Statewide478456455449450






Municipal Population Group: 2,500 to 4,999






Go to top of page
Analysis of Revenue

20072008200920102011
Property Tax$462462511524536
Utility321319319296110
Sales Tax245245204176188
Sales & Services114118121120151
Intergovernmental146151148162174
Debt Proceeds32925000
Other Miscellaneous1272941108674
Total$1,7441,6141,4131,3641,233

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$2,159,799
$536
Water/Sewer444,008
110
Electric0
0
Other Utilities0
0
Sales Tax756,251
188
Sales & Services606,058
151
Intergovernment701,364
174
Debt Proceeds0
0
Miscellaneous298,505
74
Total$4,965,985
$1,233





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$865,215
$216
Water/Sewer946,665
235
Electric0
0
Other Utilities0
0
Debt Service427,280
106
Transportation654,084
162
Public Safety1,305,767
324
Other1,535,651
381
Total$5,734,662
$1,424





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$2,667,606
$663
Water/Sewer Capital216,930
54
Electric Capital0
0
Other Capital580,290
144
Other Operating2,269,836
563
Total$5,734,662
$1,424





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






Last Updated 6/15/2012 11:13:56 AM