North Carolina
Department of State Treasurer
Financial Information
Town of Mount Pleasant



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 Cabarrus 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
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201120102009200820072006

Revenues by Source







Property Tax$687,381 $628,376 $654,737 $532,821 $532,983 $530,185


Utility 1,044,822 1,052,666 1,046,659 999,059 999,205 1,017,791


Sales Tax 163,709 164,880 170,196 197,758 199,435 188,592


Sales & Services 322,348 320,004 333,504 278,975 264,074 230,038


Intergovernmental 459,992 209,891 185,891 185,289 150,924 498,185


Debt Proceeds - - - - - -


Other Miscellaneous 42,421 51,599 67,691 84,189 562,902 49,464


Total$2,720,673 2,427,416 2,458,678 2,278,091 2,709,523 2,514,255










Expenditures by Function







Utility$940,670 907,838 666,328 604,808 595,289 619,413


Debt Service 340,023 345,332 361,902 462,011 357,167 392,121


Transportation 269,077 104,189 83,615 68,238 147,239 84,401


General Government 296,910 449,042 403,606 332,993 346,513 317,673


Public Safety 971,007 498,633 425,132 401,544 833,673 690,213


Other 161,842 220,104 192,152 155,587 125,497 103,721


Total$2,979,529 2,525,138 2,132,735 2,025,181 2,405,378 2,207,542










Expenditures by Object







Salaries & Wages$506,541 510,455 509,591 353,664 273,537 207,880


Capital Outlay 771,670 92,120 37,351 91,886 569,089 481,720


Other Operating + Debt Service 1,701,318 1,922,563 1,585,793 1,579,631 1,562,752 1,517,942


Total$2,979,529 2,525,138 2,132,735 2,025,181 2,405,378 2,207,542



















Per Capita Revenues by Source







Property Tax$414 385 423 352 364 374


Utility 629 645 676 660 682 718


Sales Tax 98 100 110 131 135 133


Sales & Services 194 196 215 184 180 162


Intergovernmental 277 129 120 122 103 352


Debt Proceeds - - - - - -


Other Miscellaneous 26 32 44 56 384 35


Total$1,638 1,487 1,588 1,505 1,848 1,774










Per Capita Expenditures by Function







Utility$566 556 430 399 406 437


Debt Service 205 212 234 305 244 277


Transportation 162 64 54 45 100 60


General Government 179 274 261 221 236 224


Public Safety 585 306 275 265 569 487


Other 97 135 124 103 86 73


Total$1,794 1,547 1,378 1,338 1,641 1,558










Per Capita Expenditures by Object







Salaries & Wages$305 313 329 234 187 147


Capital Outlay 465 56 24 61 388 340


Other Operating 1,024 1,178 1,025 1,043 1,066 1,071


Total$1,794 1,547 1,378 1,338 1,641 1,558










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 Mount Pleasant Population 1,661 1,632 1,548 1,514 1,466 1,417

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$1,507,887 1,358,914 1,369,573 1,245,928 1,180,228 1,487,684

General Fund expenditures 1,681,201 1,396,643 1,241,339 1,191,240 1,559,377 1,333,888

Operating transfers in 2,218 - 23,050 28,960 28,950 -

Operating transfers out - 18,758 - - - -

Capital leases and installment purchase proceeds - - - - 514,104 -

Other items 23,753 9,930 28,837 - - -

Excess of revenues and other sources over (under) expenditures and other uses (147,343) (46,557) 180,121 83,648 163,905 153,796










Fund balance available (FBA):







In dollars$853,322 1,034,864 970,763 883,687 754,942 607,496


FBA as a % of GF Net Expenditures:







Unit's FBA %50.7673.1178.2074.1872.2245.54


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$874,485 985,235 1,452,759 1,220,829 1,028,708 892,212


Quick ratio2.94 3.14 5.95 6.22 4.82 4.39


Net income149,647 32,552 476,464 253,067 236,305 239,747


Cashflow from operations263,324 357,490 414,002 401,335 399,098 394,794


Depreciation & Amortization Expense94,993 91,935 79,347 79,347 80,347 80,347


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year1,6611,6321,5481,5141,4661,417


Population GroupNo Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499 No Electric 1,000 to 2,499


Cash &Investments$2,115,124 $2,425,906 $2,725,184 $2,280,842 $1,990,012 $1,718,981


Investment Earnings1,540 8,131 20,632 52,131 24,017 11,380


Tax Rate Equivalent0.00100.00540.01380.04340.02020.0096


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 200820082008200420042004


January 1, Prior Year Assessed Valuation$147,193,634 149,267,801 149,482,095 120,023,859 118,753,091 118,248,842


Tax Rate0.44000.44000.44000.44000.44000.4400


Tax Rate Group weighted average0.27490.29700.29830.28600.34240.3297


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio107.11103.62100.0089.9396.0398.33


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$137,422,868 144,053,080 149,482,095 133,463,648 123,662,492 120,257,136


EffectiveTax Rate0.47130.45590.44000.39570.42250.4327


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 Collected97.920094.070098.520098.260098.100098.1600


Percent Collected Group weighted average96.4195.3295.9996.8697.1896.94


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles98.5594.4598.9699.0999.0599.27


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 90.4989.5893.8091.3790.0789.19


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 Uncollected60,031 85,528 61,610 61,132 60,472 61,800


Tax Rate Equivalent0.04080.05730.04120.05090.05090.0523


Dominant County: Cabarrus






Debt Information








Population Group1,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,4991,000 to 2,499


Ratings:







Fitch







Moody's







S & P
















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




Enterprise GO Debt$0 0 0 0 50,100 95,500


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 50,100 95,500


Per Capita$0 0 0 0 34 67


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


Total Per Capita Statewide450 449 455 456 478 495


Total per Assessed Valuation Adjusted for Current Year Sales0.0000%0.0000%0.0000%0.0000%0.0405%0.0794%


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$0 0 0 0 0 0


--General Government583,333 630,000 676,667 44,729 98,713 149,941


Total*$583,333 630,000 676,667 44,729 98,713 149,941


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




Revenue Bond Debt $950,226 1,023,320 1,096,415 1,169,509 1,242,603 1,315,697


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes1,6611,6321,5481,5141,4661,417









1.5AFISCAL Governmental Activities Assets3,790,8903,555,1223,717,2103,152,4263,181,7112,635,056
1.5BSUMMARYGovernmental Activities Liabilities634,421720,633820,078564,696742,683324,575
3.5A
Business Type Activities Assets5,346,9365,362,2705,318,2084,597,7494,520,9844,464,991
3.5B
Business Type Activities Liabilties2,292,2012,457,1822,445,6722,201,6772,377,9792,558,291
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy642,098619,853644,161520,712521,460517,799
11.0TAXCurrent Collections of Special Tax Districts





12.0REVENUESPrior Years' Levy Collections38,2743,7265,9569,8079,0349,667
13.0
Penalties and Interest7,0094,7974,6202,3022,4892,719
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax1,1071,088705


16.0
1% Local Government Option Sales Tax71,60895,18786,34087,39788,43583,941
17.0
1/2% Local Government Option Sales Tax (40)31,74031,13132,39537,14737,23334,927
18.0
1/2% Local Government Option Sales Tax (42)36,12035,80831,92936,70136,78934,563
18.5
1/2% Local Government Option Sales Tax (44)24,2412,75419,53236,51336,97835,161
19.0
Privilege Licenses

2,3681,7499751,333
19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation





22.0
Other Licenses2,2102,4422,0262,54814,17617,378
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 Safety117,35025,613


366,799
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 Harmless





42.0
Wireless Enhanced 911 Service Charges





42.1
Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)





42.2
ETSF Interest Income





43.0
Piped Natural Gas Charge Distribution





44.0
Utility Franchise Tax103,721102,80896,51190,35979,20875,425
45.0
Beer and Wine Tax7,1932,2766,7996,7536,4036,122
46.0
Powell Bill45,56344,92449,04453,84147,27347,227
50.0
Court Fees - Facilities and Arrest Fees





51.0
General Government





52.0
Public Safety11,5744,2703,5373,3363,0402,612
53.0
Transportation - Streets





54.0
Transportation - All Other143,630




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 Safety30,96130,00030,00031,00015,000
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





72.1
Amusements licensing and permit taxes





73.0
Other Permits360395



74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties21,70014,85016,05014,92015,05014,700
76.0
Airport





77.0
Fire Protection Charges281,823287,716298,125248,851234,483200,536
78.0
Solid Waste18,82517,43819,32915,20414,54114,802
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 Services





86.0UTILITYWater and Sewer Charges1,044,8221,052,6661,046,659999,059999,2051,017,791
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds1,5408,13120,63252,13124,01711,380
91.0
Special Assessments





92.0
Private Contributions and Donations6,34215,630



93.0
Sales of Materials and Fixed Assets15,508520



94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution





98.0
Other Miscellaneous Revenues7,10913,98313,12327,7619,63019,373
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases





101.0
Other8,2459,41028,837
514,104
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 & Wages21,45022,00021,70020,50013,20013,400
109BGENERALGoverning Body - Other Direct3,4223,7012,1507,4193,1925,867
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages69,66583,12279,94058,14135,38356,528
110B
Administration - Other Direct60,310177,120187,939165,579207,053206,595
110C
Administration - Construction





110D
Administration - Purchase of P,P&E

19,045
13,8816,000
111A
Elections - Salaries & Wages





111B
Elections - Other Direct
3,422



111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages





112B
Finance - Other Direct16,00016,00014,00010,0009,5007,400
112C
Finance - Construction





112D
Finance - Purchase of P,P&E





113A
Taxes - Salaries & Wages





113B
Taxes - Other Direct10,2929,4279,8227,9927,9237,942
113C
Taxes - Construction





113D
Taxes - Purchase of P,P&E





114A
Legal - Salaries & Wages





114B
Legal - Other Direct15,02812,75618,91117,2637,75013,941
114C
Legal - Construction





114D
Legal - Purchase of P,P&E





115A
Public Buildings - Salaries & Wages26,04324,59625,51720,54133,038
115B
Public Buildings - Other Direct65,32270,87813,0379,16915,251
115C
Public Buildings - Construction





115D
Public Buildings - Purchase of P,P&E9,37826,02011,54516,389342
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 Wages





119BSAFETYPolice & Comm - Traffic Control - Other Direct137,972135,522134,414126,101122,477121,371
119C
Police & Comm - Traffic Control - Construction





119D
Police & Comm - Traffic Control - Purchase of P,P&E21,94321,8781,635
8,93024,123
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 & Wages160,410165,616163,504108,81556,603
122B
Fire - Other Direct260,264175,617120,959120,204130,288116,941
122C
Fire - Construction





122D
Fire - Purchase of P,P&E390,418
4,62046,424515,375427,778
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 & Wages26,93624,51328,8281,34929,89024,242
128B
Streets and Highways - Other Direct27,9644,26329,58418,42429,50026,624
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E147,3185,999

4,50023,819
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 Direct36,71242,61925,20348,46583,3499,716
130C
Powell Bill - Construction





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 Direct30,14726,795



135C
Transpor. All Other - Construction





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





136AENVIRONSolid Waste - Salaries & Wages31,51259,73158,15450,65129,52932,427
136BMENTALSolid Waste - Other Direct71,75990,44976,66067,00870,14463,094
136CPROTECTIONSolid Waste - Construction





136D
Solid Waste - Purchase of P,P&E2,613
5061,457590
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 & Wages12,08917,7587,9004,6003,712
140B& PHYSICALPlanning & Zoning - Other Direct21,67024,72122,171352284
140CDEVELOPPlanning & Zoning - Construction





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





141A
Economic Development - Salaries & Wages





141B
Economic Development - Other Direct5,0005,0005,0005,0005,000
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 & Wages





153BRECREATIONRecreation & Parks - Other Direct2,6058,870



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 Direct14,59413,57521,76126,51916,2388,200
157C
Cult. & Recr. All Other - Construction





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





158AUTILITYWater & Sewer - Salaries & Wages158,436113,119124,04889,06772,18281,283
158B
Water & Sewer - Other Direct 582,234756,496542,280488,125497,636538,130
158C
Water & Sewer - Construction





158D
Water & Sewer - Purchase of P,P&E200,00038,223
27,61625,471
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 & Fees60,85665,26769,67864,97673,25681,084
161DSERVICEWater & Sewer - Principal155,390155,390155,390182,157177,456173,157
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 & Fees27,27931,49125,51931,3659,55816,317
166D
All Other - Principal96,49893,184111,315183,51396,897121,563
167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement





170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement





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 vehicles604,440.607,137.00598,423.00473,138.00475,621.00469,117.00
180.0
Current year's levy -- Motor vehicles (only)51,283.51,823.0055,392.0056,805.0055,932.0058,398.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh8,748.33,705.006,218.004,327.004,540.003,402.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles4,8775,4023,4364,9045,5536,314
183.0DATAPercentage of Taxes Collected - All Property %97.9294.0798.5298.2698.1098.16
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%98.5594.4598.9699.0999.0599.27
185.0
Percentage of Taxes Collected - Motor Vehicles %90.4989.5893.8091.3790.0789.19
186.0
Ttl Amt Salaries/Wages for Construction





187A
Capital Reserve Schools - July 1, 2009





187B
Capital Reserve Schools - June 30, 2010





188A
Capital Reserve Hospitals - July 1, 2009





188B
Capital Reserve Hospitals - June 30, 2010





189APART 7Cash On Hand & in Bank - Debt Service





189BCASH &Cash On Hand & in Bank - Construction Bond





189CINVESTCash On Hand & in Bank - All Other2,115,1242,425,9062,725,1842,280,8421,990,0121,718,981
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 Revenues2,720,6732,427,4162,458,6782,278,0912,709,5232,514,255
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In





194D
Amount - Net Revenues2,720,6732,427,4162,458,6782,278,0912,709,5232,514,255


Calculated amount2,720,6732,427,4162,458,6782,278,0912,709,5232,514,255


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures2,979,5292,525,1382,132,7352,025,1812,405,3782,207,542
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out





195D
Amount - Net Expenditures2,979,5292,525,1382,132,7352,025,1812,405,3782,207,542


Calculated amount2,979,5292,525,1382,132,7352,025,1812,405,3782,207,542


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



1,081
401BWater /Number of residential accounts billed Sewer



1,081
402ASewer Amount processed and/or purchased in units Water87818180,54485,248
402BOperationsAmount processed and/or purchased in units Sewer63726856,55959,934
403A
Total amount billed in units - Water68686273,14585,248
403B
Total amount billed in units - Sewer50504554,78459,934
404A
Of the total in 403A above how many units were Residential W18544350,94550,973
404B
Of the total in 403B above how many units were Residential S14423136,77535,835
405A
Of the total in 403 above, how many units were Outside Muni W



23,292
405B
Of the total in 403 above, how many units were Outside Muni S



5,193
406A
Of the total in 405A above how many units were Residential W



10,875
406B
Of the total in 405B above how many units were Residential S



2,425
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 above586,622578,359530,990644,719592,573
408B
Dollars related to 403B above406,617409,555360,236417,042367,511
409A
Dollars related to 404A above429,805459,450367,934449,041354,142
409B
Dollars related to 404B above304,794305,401244,826279,945219,735
410A
Dollars related to 405A above



161,821
410B
Dollars related to 405B above



31,843
411A
Dollars related to 406A above



75,554
411B
Dollars related to 406B above



14,867
412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water9721,0721,001990

421B
Number of residential accounts billed - Sewer770818796788

422A
Number of non-residential & bulk accounts billed - Water26403531

422B
Number of non-residential & bulk accounts billed - Sewer17322723

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialCathy Whittington

951.0
TitleTown Clerk

952.0
Date10/27/201110/28/201011/04/200904/28/200911/20/200711/30/2006
953.0
ContactCathy Whittington

954.0
TitleTown Clerk

955.0
Phone704-436-9803




956.0
Fax704-436-2921




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Mount Pleasant













201120102009200820072006








Population
1,6611,6321,5481,5141,4661,417
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
$1,044,8221,052,6661,046,659999,059999,2051,017,791
Total Operating Revenues Per Capita
$629645676660682718
Group Weighted Average Revenues Per Capita540511491492485464
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
79.98%91.50%71.40%68.68%67.82%68.95%
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
20.02%8.50%28.60%31.32%32.18%31.05%
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%17.20%2.90%2.90%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
14.32%3.09%6.10%25.33%23.65%23.56%
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
2.943.145.956.224.824.39
Group Weighted Average
3.563.373.102.843.253.58
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
50.839.843.039.639.737.8
Group Weighted Average
46.851.444.147.945.844.0
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
563.3549.0925.8808.4726.4613.7
Group Weighted Average
358.6346.3349.2373.6497.2407.8
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
$263,324357,490414,002401,335399,098394,794








Debt to Equity
0.650.740.800.881.071.30
Group Weighted Average
0.260.280.280.310.280.28
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
1,2021,3191,4911,3961,5661,745
Group Weighted Average
834871824898782740
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$200,00038,223027,61625,4710










2005200420032002



$01,458,156175,63267,576









Capital Contributions: Excluded from income above
$00412,600000
















Operating Statistics














Estimated population of the areas served Water00001,081NA
Estimated population of the areas served Sewer00001,081NA








Number of Gallons of Water Processed (000) omitted87818180,54485,248NA
Number of Gallons of Sewage Processed (000) omitted63726856,55959,934NA








Number of Gallons of Water Billed (000) omitted68686273,14585,248NA
Number of Gallons of Sewage Billed (000) omitted50504554,78459,934NA








Ratio of Water Billed to Water Processed0.785300.843770.765520.908141.00000NA
Ratio of Sewage Billed to Sewage Processed0.793330.703280.667210.968621.00000NA








Total Revenue from Water Sales586,622578,359530,990644,719592,573NA
Total Revenue from Sewage Sales406,617409,555360,236417,042367,511NA








Water Revenue per 1000 gallons of Sales




548.17114NA
Sewage Revenue per 1000 gallons of Sales




339.97317NA








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$23,409.858398,469.124428,610.671668.814236.94764NA
Residential Sewage Sales per thousand Gallons$21,063.856257,355.515417,972.191477.612376.13185NA








Water Sales per thousand Gallons outside Municipal Limits



6.94749NA
Sewage Sales per thousand Gallons outside Municipal Limits



6.13191NA








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


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Analysis of Available Fund Balance:  General Fund

20072008200920102011
Unit's FBA %72.22%74.18%78.20%73.11%50.76%
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
Municipality98.10%98.26%98.52%94.07%97.92%
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
Municipality340000
Pop. Group294277265256236
Statewide478456455449450






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20072008200920102011
Property Tax$364352423385414
Utility682660676645629
Sales Tax13513111010098
Sales & Services180184215196194
Intergovernmental103122120129277
Debt Proceeds00000
Other Miscellaneous38456443226
Total$1,8481,5051,5881,4871,638

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Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$687,381
$414
Water/Sewer1,044,822
629
Electric0
0
Other Utilities0
0
Sales Tax163,709
98
Sales & Services322,348
194
Intergovernment459,992
277
Debt Proceeds0
0
Miscellaneous42,421
26
Total$2,720,673
$1,638





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$296,910
$179
Water/Sewer940,670
566
Electric0
0
Other Utilities0
0
Debt Service340,023
205
Transportation269,077
162
Public Safety971,007
585
Other161,842
97
Total$2,979,529
$1,794





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$506,541
$305
Water/Sewer Capital200,000
120
Electric Capital0
0
Other Capital571,670
344
Other Operating1,701,318
1,024
Total$2,979,529
$1,794





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






Last Updated 6/15/2012 11:27:00 AM