North Carolina
Department of State Treasurer
Financial Information
Town of Murphy



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 Cherokee 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$809,086 $799,130 $787,882 $784,317 $736,410 $775,351


Utility 1,254,318 1,177,674 1,210,381 1,357,725 1,319,860 1,131,374


Sales Tax 286,716 302,094 - 437,345 453,172 420,837


Sales & Services 258,161 273,102 10,725 301,825 306,232 284,802


Intergovernmental 641,578 822,751 3,254,763 406,896 574,397 541,368


Debt Proceeds - - 206,639 - - -


Other Miscellaneous 605,416 653,223 3,745,416 788,406 790,595 674,693


Total$3,855,275 4,027,974 9,215,806 4,076,514 4,180,666 3,828,425










Expenditures by Function







Utility$1,218,001 2,451,772 1,305,807 1,421,277 1,399,341 1,249,296


Debt Service 188,606 153,628 327,481 98,708 246,215 251,628


Transportation 266,559 241,367 530,568 356,572 167,336 140,460


General Government 379,847 360,458 364,383 480,916 314,169 324,282


Public Safety 718,380 899,497 699,098 808,848 1,330,436 2,424,602


Other 739,003 720,512 3,372,539 802,955 842,339 786,411


Total$3,510,396 4,827,234 6,599,876 3,969,276 4,299,836 5,176,679










Expenditures by Object







Salaries & Wages$1,888,167 1,806,134 1,765,902 1,156,318 1,177,206 1,246,114


Capital Outlay 12,987 1,572,401 431,018 593,216 887,232 1,886,597


Other Operating + Debt Service 1,609,242 1,448,699 4,402,956 2,219,742 2,235,398 2,043,968


Total$3,510,396 4,827,234 6,599,876 3,969,276 4,299,836 5,176,679



















Per Capita Revenues by Source







Property Tax$496 491 483 481 451 481


Utility 769 724 742 832 809 701


Sales Tax 175 186 (1) 268 278 260


Sales & Services 158 168 7 185 188 177


Intergovernmental 393 506 1,994 249 352 336


Debt Proceeds - - 127 - - -


Other Miscellaneous 371 401 2,295 483 484 418


Total$2,362 2,476 5,647 2,498 2,562 2,373










Per Capita Expenditures by Function







Utility$746 1,507 800 871 857 775


Debt Service 116 94 201 60 151 156


Transportation 163 148 325 218 103 87


General Government 233 222 223 295 193 200


Public Safety 440 553 428 496 815 1,503


Other 453 443 2,067 492 516 488


Total$2,151 2,967 4,044 2,432 2,635 3,209










Per Capita Expenditures by Object







Salaries & Wages$1,157 1,110 1,082 709 721 773


Capital Outlay 8 966 264 363 544 1,170


Other Operating 986 891 2,698 1,360 1,370 1,266


Total$2,151 2,967 4,044 2,432 2,635 3,209










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 Murphy Population 1,632 1,627 1,632 1,632 1,632 1,613

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$1,770,829 1,759,424 1,826,823 1,835,988 1,788,008 1,740,860

General Fund expenditures 1,748,970 1,624,015 2,021,842 1,926,595 1,790,773 3,135,666

Operating transfers in 99,600 99,598 2,489,696 99,598 - 82,390

Operating transfers out - 2,370,057 140,000 - 62,877 -

Capital leases and installment purchase proceeds - - 206,639 - - -

Other items - - - - (28,951) -

Excess of revenues and other sources over (under) expenditures and other uses 121,459 (2,135,050) 2,361,316 8,991 (94,593) (1,312,416)










Fund balance available (FBA):







In dollars$2,933,931 2,816,834 4,952,497 2,449,900 2,384,573 2,392,858


FBA as a % of GF Net Expenditures:







Unit's FBA %167.7570.53253.30127.16128.6476.31


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, Housing, Capital Projects













Combined financial results:







Working capital$2,038,931 2,685,640 472,525 24,524 185,085 348,332


Quick ratio13.52 4.96 2.53 1.06 0.89 1.84


Net income762,312 2,655,749 (166,316)(143,318)(220,739)(341,078)


Cashflow from operations(362,633)474,700 34,110 195,777 (2,139)(73,951)


Depreciation & Amortization Expense440,240 406,672 433,876 449,703 442,669 422,628


























Cash, Investments and Financing
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201120102009200820072006











Population at July 1st of the Previous Year1,6321,6271,6321,6321,6321,613


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


Cash &Investments$5,191,103 $5,836,812 $5,820,486 $3,306,742 $3,167,309 $3,586,793


Investment Earnings60,452 63,445 70,372 65,510 54,776 112,698


Tax Rate Equivalent0.02390.02460.02720.03540.03360.0658


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$252,489,481 257,664,174 258,376,856 185,227,778 163,200,489 171,233,853


Tax Rate0.33000.33000.33000.45000.45000.4500


Tax Rate Group weighted average0.27490.29700.29830.28600.34240.3297


Tax Rate State Wide0.41220.40900.42620.42380.44500.4321


Assessment -to-Sales Ratio131.29115.0498.2063.2474.8081.88


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$192,314,328 223,977,898 263,112,888 292,896,550 218,182,472 209,127,813


EffectiveTax Rate0.43330.37960.32410.28460.33660.3685


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 Collected92.940092.920096.610097.320097.090097.6400


Percent Collected Group weighted average96.4195.3295.9996.8697.1896.94


Percent Collected Statewide97.4297.3597.3497.5697.5897.55


Percent Collected Excluding Motor Vehicles93.0892.9296.4597.1696.8497.51


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 89.5492.94100.00100.00100.00100.00


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 Uncollected87,816 91,375 66,075 69,235 84,384 57,968


Tax Rate Equivalent0.03480.03550.02560.03740.05170.0339


Dominant County: Cherokee






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 0 0


General Government GO Debt0 0 0 0 0 0


Total General Obligation Debt0 0 0 0 0 0


Per Capita$0 0 0 0 0 0


Total Per Capita for the Population 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%0.0000%0.0000%


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 74,006 144,509 211,673


--General Government0 0 0 0 0 1,900,000


Total*$0 0 0 74,006 144,509 2,111,673


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




Revenue Bond Debt $677,693 401,268 102,878 178,324 253,771 329,218


















Annual Financial Information Report Detail
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LineSectionDescription201120102009200820072006

Population at July 1st of the Previous Year Adjusted for Boundry Changes1,6321,6271,6321,6321,6321,613









1.5AFISCAL Governmental Activities Assets6,777,8886,866,7498,909,7406,355,4635,525,0565,597,515
1.5BSUMMARYGovernmental Activities Liabilities2,036,6312,069,0582,109,9701,973,3861,989,0772,091,099
3.5A
Business Type Activities Assets12,077,16311,724,9278,107,6988,420,8728,671,3999,221,208
3.5B
Business Type Activities Liabilties873,6071,282,689321,209468,223599,913928,985
6.5A
Fiduciary Funds Assets





6.5B
Fiduciary Funds Liabilties





10.0PART 2Current Collections of Unit -Wide Levy748,642776,875767,955778,197714,739754,777
11.0TAXCurrent Collections of Special Tax Districts197,593197,268196,304194,052186,423172,119
12.0REVENUESPrior Years' Levy Collections51,52015,87114,811
17,31416,072
13.0
Penalties and Interest8,9246,3845,1166,1204,3574,502
14.0
Collections of Taxes Previously Written Off





15.0
Animal Tax





15.1
Solid Waste Disposal Tax1,0921,132



16.0
1% Local Government Option Sales Tax143,997143,340
218,673226,586210,419
17.0
1/2% Local Government Option Sales Tax (40)75,14575,133
109,336113,293105,209
18.0
1/2% Local Government Option Sales Tax (42)68,89469,367
109,336113,293105,209
18.5
1/2% Local Government Option Sales Tax (44)-1,32014,254



19.0
Privilege Licenses





19.2
Privilege -- All other privileges and pemits





20.0
Auto Licenses





21.0
Vehicle Tax for Public Transportation28,80931,13938,43347,21961,206
22.0
Other Licenses



11,17711,278
23.0
Local Occupancy Tax

407,448


24.0
Prepared Food Tax





25.0
911 Charges





26.0
Gross Short Term lease and Rental Tax





27.0FEDERALPayments In Lieu of Taxes - Federal128,445120,30791,025109,222

28.0INTERGOVEquitable Sharing of Fed. Forfeited Prop.





29.0REVENUESGeneral Government





30.0
Public Safety3,453141,1439,213


31.0
Transportation - Streets





32.0
Transportation - All Other





33.0
Environmental Protection





34.0
Econ. & Phys. Dev. - Housing/Comm. Dev.307,883369,593260,149116,73973,49262,988
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



120,20789,323
40.0INTERGOVUnauthorized Substance Tax





41.0REVENUESTransitional Hold Harmless68,11851,609



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 Tax71,50577,66980,00088,56466,84346,857
45.0
Beer and Wine Tax
2,3287,329
1,9501,788
46.0
Powell Bill54,67254,51161,60368,99261,51962,504
50.0
Court Fees - Facilities and Arrest Fees1,1661,2351,918
9851,677
51.0
General Government





52.0
Public Safety


23,379128,63476,145
53.0
Transportation - Streets





54.0
Transportation - All Other





55.0
Environmental Protection

2,441,214
120,767160,086
56.0
Econ. & Phys. Dev. - Housing/Community Dev

273,281


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




40,000
61.0LOCALPayments in Lieu of Taxes - Local





62.0INTERGOVGeneral Government2,500500



63.0REVENUESPublic Safety3,8363,85629,031


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 Fees500500625


72.1
Amusements licensing and permit taxes





73.0
Other Permits





74.0SALES &Parking Revenues





75.0SERVICESRents and Royalties247,082260,0091,200284,043283,794264,414
76.0
Airport





77.0
Fire Protection Charges





78.0
Solid Waste


7,1267,55410,104
79.0
Ambulance and Rescue Squad Charges





80.0
Cemeteries





81.0
Recreation Service Revenues





82.0
Library Service Revenues
1789,5257,9317,0097,359
83.0
Other Cultural and Rec Service Revenues





84.0
Mass Transit - City Operated





85.0
Other Sales and Services11,07912,915
2,7257,8752,925
86.0UTILITYWater and Sewer Charges1,254,3181,177,6741,210,3811,357,7251,319,8601,131,374
87.0REVENUESElectric Charges





88.0
Gas Charges





88.1
Storm Water Fees





89.0MISC.Investment Earnings - Bond Proceeds





90.0REVENUESInvestment Earnings - All Other Funds60,45263,44570,37265,51054,776112,698
91.0
Special Assessments





92.0
Private Contributions and Donations





93.0
Sales of Materials and Fixed Assets



1,15915,363
94.0
Sale of Real Property





95.0
Nongovt Contr For Streets & Traffic Signals





96.0
ABC Mixed Drink Surcharge





97.0
ABC Profit Distribution240,000240,000241,845210,000180,000120,000
98.0
Other Miscellaneous Revenues76,970119,73983,00770,19966,33442,049
99.0
Proceeds of Sale of Bonds and Notes





100.0
Proceeds of Capital Leases/Install Purchases

206,639


101.0
Other

2,707,382201,426229,520201,186
102.0NON-REVSchool - Current Levy Collections





103.0RECEIPTSPrior Years' Levy Collections





104.0
Tax Collections for Other Units





105.0
Utilities Customer's Deposits
1,379-1,9294,5881,2624,931
106.0
Deposits Other than Utility
-6151131451,520500
107.0
Prepaid Taxes
1,246-1,8851,867-8,0576,115
108.0
Prepaid Privilege Licenses





109APART 4Governing Body - Salaries & Wages



119,355111,348
109BGENERALGoverning Body - Other Direct



194,814204,570
109CGOVTGoverning Body - Construction





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





110A
Administration - Salaries & Wages


123,919

110B
Administration - Other Direct


219,205

110C
Administration - Construction


133,283

110D
Administration - Purchase of P,P&E





111A
Elections - Salaries & Wages





111B
Elections - Other Direct
4,953
4,509
8,364
111C
Elections - Construction





111D
Elections - Purchase of P,P&E





112A
Finance - Salaries & Wages256,611218,728204,466


112B
Finance - Other Direct123,236108,087159,917


112C
Finance - Construction





112D
Finance - Purchase of P,P&E
28,690



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 Wages473,824426,202437,544319,542315,269335,876
119BSAFETYPolice & Comm - Traffic Control - Other Direct92,94484,33296,450283,271239,735216,433
119C
Police & Comm - Traffic Control - Construction





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

5,33826,50025,7527,900
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 & Wages37,64538,48832,1429,8008,40055,417
122B
Fire - Other Direct97,705102,28892,677136,414160,938121,696
122C
Fire - Construction



314,9401,657,603
122D
Fire - Purchase of P,P&E
232,5616,200
233,333
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 & Wages115,443104,345114,186
47,93349,103
128B
Streets and Highways - Other Direct151,116111,26272,304
103,98691,357
128C
Streets and Highways - Construction





128D
Streets and Highways - Purchase of P,P&E
25,760344,078
15,417
129A
Street Cleaning - Salaries & Wages


52,648

129B
Street Cleaning - Other Direct


116,160

129C
Street Cleaning - Construction


166,101

129D
Street Cleaning - Purchase of P,P&E


21,663

130A
Powell Bill - Salaries & Wages





130B
Powell Bill - Other Direct





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 Direct





135C
Transpor. All Other - Construction





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





136AENVIRONSolid Waste - Salaries & Wages


52,64849,86173,332
136BMENTALSolid Waste - Other Direct


54,62857,65827,091
136CPROTECTIONSolid Waste - Construction





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



24,196
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 Direct15,76015,72811,75611,99410,93611,887
138C
Cemeteries - Construction





138D
Cemeteries - Purchase of P,P&E





139A
Environ. All Other - Salaries & Wages91,18379,72477,161


139B
Environ. All Other - Other Direct32,38225,92428,115


139C
Environ. All Other - Construction





139D
Environ. All Other - Purchase of P,P&E
6,2006,200


140AECONOMICPlanning & Zoning - Salaries & Wages





140B& PHYSICALPlanning & Zoning - Other Direct





140CDEVELOPPlanning & Zoning - Construction





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





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 & Wages177,463191,326187,68869,739132,973122,224
143B
Housing & Urban Renewal - Other Direct231,301215,240230,162293,040194,852172,440
143C
Housing & Urban Renewal - Construction


123,916188,588119,408
143D
Housing & Urban Renewal - Purchase of P,P&E


14,2714,21711,637
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 Direct15,18520,24214,32022,52517,35710,270
153C
Recreation & Parks - Construction




12,000
153D
Recreation & Parks - Purchase of P,P&E

7,068
7,000
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 & Wages142,676134,653127,10782,58776,85576,990
156B
Libraries - Other Direct33,05331,47544,09677,60777,84674,312
156C
Libraries - Construction




74,820
156D
Libraries - Purchase of P,P&E

9,170


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 & Wages593,322612,668585,608445,435426,560421,824
158B
Water & Sewer - Other Direct 611,692559,914667,235868,360898,992824,243
158C
Water & Sewer - Construction12,9871,279,190
27,035

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

52,96480,44773,7893,229
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 & Fees2,6203,93010,527
23,20829,307
161DSERVICEWater & Sewer - Principal70,58134,293149,453
162,611159,431
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 & Fees87,76389,05885,07179,86060,39662,890
166D
All Other - Principal27,64226,34782,43018,848

167BPENSIONDirect Benefit Program - Other Direct





168BFRINGEFringe Benefits Unallocated





169B
Separation Allowance - Law Enforcement4,0794,44917,25421,69621,69618,189
170B
Separation Allowance - Other Employees





171B
Supplemental Retirement - Law Enforcement12,18311,17711,49311,62510,37311,488
172B
Fringe Benefits Other





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


AuthorityCountyMunicipality

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


County

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





174C
Gen Gov Activities Shared W/ Cnty - Amount





175A
Highways (Payments to State) - Recipient


State

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





175C
Highways (Payments to State) - Amount





176A
Other - Intergovt. Expenditures - Recipient
Transfer to Water & Sewer Transfer to W&S from GF


176B
Other - Intergovt. Expenditures - Item #





176C
Other - Intergovt. Expenditures - Amount

239,598


177A
Other - Intergovt. Expenditures - Recipient

Transfer from W&S to GF


177B
Other - Intergovt. Expenditures - Item #





177C
Other - Intergovt. Expenditures - Amount

2,390,098


178A
Other - Intergovt. Expenditures - Recipient





178B
Other - Intergovt. Expenditures - Item #





178C
Other - Intergovt. Expenditures - Amount





179.0
Current year's levy -- Excluding motor vehicles803,713.817,195.00777,900.00775,484.00734,629.00730,978.00
180.0
Current year's levy -- Motor vehicles (only)32,175.33,503.0038,433.0047,219.0061,206.0039,771.00
181.0PART 6Uncollected Taxes - Current Year's Levy Except Mot Veh55,641.57,872.0027,642.0022,016.0023,178.0018,197.00
182.0OTHERUncollected Taxes - CY Levy -Motor Vehicles3,3662,364



183.0DATAPercentage of Taxes Collected - All Property %92.9492.9296.6197.3297.0997.64
184.0DATAPercentage of Taxes Collected - Exclude Motor Vehicles%93.0892.9296.4597.1696.8497.51
185.0
Percentage of Taxes Collected - Motor Vehicles %89.5492.94100.00100.00100.00100.00
186.0
Ttl Amt Salaries/Wages for Construction


1,177,2061,177,2061,246,114
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




377,914
189BCASH &Cash On Hand & in Bank - Construction Bond





189CINVESTCash On Hand & in Bank - All Other5,191,1035,836,8125,820,4863,306,7423,167,3093,208,879
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 Revenues3,954,8756,497,6299,215,8064,076,5144,180,6663,828,425
194BFISCALAmount - Subtract Refunding Bond Proceeds





194CSUMMARYAmount - Subtract Interfund Transfers In99,6002,469,655



194D
Amount - Net Revenues3,855,2754,027,9749,215,8064,076,5144,180,6663,828,425


Calculated amount3,855,2754,027,9749,215,8064,076,5144,180,6663,828,425


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference





195A
Amount - Total Expenditures3,609,9967,296,8896,599,8763,969,2764,299,8365,176,679
195B
Amount - Subtract Pymts. to Refunded Debt Agent





195C
Amount - Subtract Interfund Transfers Out99,6002,469,655



195D
Amount - Net Expenditures3,510,3964,827,2346,599,8763,969,2764,299,8365,176,679


Calculated amount3,510,3964,827,2346,599,8763,969,2764,299,8365,176,679


Amounts in AGREEMENT??YesYesYesYesYesYes


Difference














401APart 10Number of residential accounts billed Water



4,022
401BWater /Number of residential accounts billed Sewer



4,022
402ASewer Amount processed and/or purchased in units Water



144,490,000
402BOperationsAmount processed and/or purchased in units Sewer



124,828,000
403A
Total amount billed in units - Water126123,577,541132,002139,844144,490,000
403B
Total amount billed in units - Sewer120110,965,234111,223119,775124,828,000
404A
Of the total in 403A above how many units were Residential W4446,857,57446,44248,11450,026,000
404B
Of the total in 403B above how many units were Residential S3132,751,03731,95933,35435,235,000
405A
Of the total in 403 above, how many units were Outside Muni W



61,885,000
405B
Of the total in 403 above, how many units were Outside Muni S



51,802,000
406A
Of the total in 405A above how many units were Residential W



17,686,000
406B
Of the total in 405B above how many units were Residential S



5,051,000
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 above793,049760,101781,922791,128698,040
408B
Dollars related to 403B above379,040346,948314,085316,932383,524
409A
Dollars related to 404A above326,808266,035273,673328,872279,216
409B
Dollars related to 404B above95,652104,08491,08591,356157,245
410A
Dollars related to 405A above



335,059
410B
Dollars related to 405B above



207,103
411A
Dollars related to 406A above



83,765
411B
Dollars related to 406B above



19,176
412A
Dollars related to 407A above





412B
Dollars related to 407B above





421A
Number of residential accounts billed - Water1,0211,0071,0101,039

421B
Number of residential accounts billed - Sewer708692694709

422A
Number of non-residential & bulk accounts billed - Water669664664691

422B
Number of non-residential & bulk accounts billed - Sewer598595595620

423A
Estimated percentage of accounts outside of municipal limits
































950.0
OfficialANNA A. PAYNE

951.0
TitleFINANCE OFFICER

952.0
Date12/29/201112/02/201012/31/200910/23/200812/05/200701/16/2007
953.0
ContactHOLLY M. TURNER

954.0
TitleCPA

955.0
Phone828-837-8188




956.0
Fax828-837-5523




957.0
E-Mail:


















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Key Ratios and Operations Statistics of Water and Sewer Systems for



Town of Murphy













201120102009200820072006








Population
1,6321,6271,6321,6321,6321,613
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
$1,306,7041,227,1651,266,1321,357,5381,321,0191,146,737
Total Operating Revenues Per Capita
$801754776832809711
Group Weighted Average Revenues Per Capita540511491492485464
State Weighted Average Revenues Per Capita404384353365367356








% to Total Operating Revenues






Operating Expenses
125.78%128.79%133.22%117.90%133.85%145.52%
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
-25.78%-28.79%-33.22%-17.90%-33.85%-45.52%
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%193.13%11.06%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%188.77%0.00%1.57%7.18%
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
-25.41%164.93%-17.80%-16.28%-35.06%-52.85%
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
13.524.902.531.060.891.84
Group Weighted Average
3.563.373.102.843.253.58
State Weighted Average
3.483.202.812.962.902.82








Days Sales in Receivables
32.233.131.635.937.339.2
Group Weighted Average
46.851.444.147.945.844.0
State Weighted Average
54.458.958.655.260.057.8








Days Cash on Hand
527.0744.674.992.871.390.5
Group Weighted Average
358.6346.3349.2373.6497.2407.8
State Weighted Average
505.4465.8424.9457.2497.5457.2








Cash flow from Operations
-$362,633474,70034,110195,777-2,139-73,951








Debt to Equity
0.070.080.020.050.070.10
Group Weighted Average
0.260.280.280.310.280.28
State Weighted Average
0.600.600.570.560.560.52








Debt per Capita
37637763155244335
Group Weighted Average
834871824898782740
State Weighted Average
1,2821,2531,1291,1391,101988








Capital Expenditures:
201120102009200820072006


$12,9871,279,19052,964107,48273,7893,229










2005200420032002



$895,827305,570531,6193,837,996









Capital Contributions: Excluded from income above
$1,094,319544,52777,68577,685198,452237,771
















Operating Statistics














Estimated population of the areas served Water00004,022NA
Estimated population of the areas served Sewer00004,022NA








Number of Gallons of Water Processed (000) omitted0000144,490,000NA
Number of Gallons of Sewage Processed (000) omitted0000124,828,000NA








Number of Gallons of Water Billed (000) omitted126123,577,541132,002139,844144,490,000NA
Number of Gallons of Sewage Billed (000) omitted120110,965,234111,223119,775124,828,000NA








Ratio of Water Billed to Water Processed



1.00000NA
Ratio of Sewage Billed to Sewage Processed



1.00000NA








Total Revenue from Water Sales793,049760,101781,922791,128698,040NA
Total Revenue from Sewage Sales379,040346,948314,085316,932383,524NA








Water Revenue per 1000 gallons of Sales




173.55545NA
Sewage Revenue per 1000 gallons of Sales




95.35654NA








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$7,370.500680.005685.892796.835270.00558NA
Residential Sewage Sales per thousand Gallons$3,114.685770.003182.850062.738980.00446NA








Water Sales per thousand Gallons outside Municipal Limits



0.00541NA
Sewage Sales per thousand Gallons outside Municipal Limits



0.00400NA








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 %128.64%127.16%253.30%70.53%167.75%
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
Municipality97.09%97.32%96.61%92.92%92.94%
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
Municipality00000
Pop. Group294277265256236
Statewide478456455449450






Municipal Population Group: 1,000 to 2,499






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Analysis of Revenue

20072008200920102011
Property Tax$451481483491496
Utility809832742724769
Sales Tax278268-1186175
Sales & Services1881857168158
Intergovernmental3522491,994506393
Debt Proceeds0012700
Other Miscellaneous4844832,295401371
Total$2,5622,4985,6472,4762,362

Go to top of page
Analysis of Revenue for Fiscal 2011











2011
2011
CategoryRevenue
Per Capita
Property Tax$809,086
$496
Water/Sewer1,254,318
769
Electric0
0
Other Utilities0
0
Sales Tax286,716
175
Sales & Services258,161
158
Intergovernment641,578
393
Debt Proceeds0
0
Miscellaneous605,416
371
Total$3,855,275
$2,362





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$379,847
$233
Water/Sewer1,218,001
746
Electric0
0
Other Utilities0
0
Debt Service188,606
116
Transportation266,559
163
Public Safety718,380
440
Other739,003
453
Total$3,510,396
$2,151





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$1,888,167
$1,157
Water/Sewer Capital12,987
8
Electric Capital0
0
Other Capital0
0
Other Operating1,609,242
986
Total$3,510,396
$2,151





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






Last Updated 6/15/2012 11:27:10 AM